| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $607M | $617M | $277M | -1.6% | 119.3% |
| Op. Income | $8M | $10M | $56M | -21.0% | -85.8% |
| Gross Margin | 60.2% | 56.9% | 74.4% | 3.3pp | -14.2pp |
| Net Margin | -1.2% | 2.4% | 17.8% | -3.6pp | -18.9pp |
| EPS (Diluted) | $-0.05 | $0.11 | $0.48 | -147.8% | -111.0% |
| Free Cash Flow | $24M | $82M | $37M | -70.9% | -36.2% |
| Item | Amount |
|---|---|
| REVENUE | $607M |
| Cost of Revenue | $241M |
| GROSS PROFIT | $365M |
| R&D Expenses | $57M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $249M |
| Other Expenses | $51M |
| Operating Expenses | $357M |
| Cost & Expenses | $599M |
| OPERATING INCOME | $8M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$17M |
| INCOME BEFORE TAX | -$9M |
| Income Tax Expense | -$1M |
| Net Income from Continuing Ops | -$7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$7M |
| D&A | $55M |
| EBIT | $30M |
| EBITDA | $85M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$7M |
| Depreciation & Amortization | $55M |
| Stock-Based Compensation | $17M |
| Deferred Income Tax | -$45M |
| Other Non-Cash Items | $75M |
| Change in Working Capital | -$43M |
| OPERATING CASH FLOW | $52M |
| Capital Expenditure | -$29M |
| Acquisitions (Net) | -$13M |
| Purchases of Investments | -$8M |
| Sales/Maturities of Investments | $3M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$47M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$83M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$32M |
| NET CASH FROM FINANCING | -$116M |
| FREE CASH FLOW | $24M |
| Net Change in Cash | -$113M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $354M |
| Short-Term Investments | $80M |
| Net Receivables | $535M |
| Inventory | $816M |
| Other Current Assets | $43M |
| TOTAL CURRENT ASSETS | $1.8B |
| PP&E (Net) | $636M |
| Goodwill | $1.5B |
| Intangible Assets | $888M |
| Long-Term Investments | $51M |
| Tax Assets | $11M |
| Other Non-Current Assets | $78M |
| TOTAL NON-CURRENT ASSETS | $3.1B |
| TOTAL ASSETS | $4.9B |
| Account Payables | $50M |
| Short-Term Debt | $424M |
| Deferred Revenue | $17M |
| Other Current Liabilities | $140M |
| TOTAL CURRENT LIABILITIES | $786M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $40M |
| Other Non-Current Liabilities | $105M |
| TOTAL NON-CURRENT LIABILITIES | $235M |
| TOTAL LIABILITIES | $1.0B |
| Common Stock | $135.0K |
| Additional Paid-In Capital | $2.9B |
| Retained Earnings | $1.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$11M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.9B |
| TOTAL LIABILITIES & EQUITY | $4.9B |
| Total Debt | $526M |
| Net Debt | $172M |
