| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.1B | $2.3B | $2.1B | 34.6% | 49.3% |
| Op. Income | $53M | $48M | $44M | 9.7% | 21.1% |
| Gross Margin | 2.5% | 3.3% | 3.2% | -0.7pp | -0.7pp |
| Net Margin | 1.3% | 1.6% | 1.8% | -0.2pp | -0.4pp |
| EPS (Diluted) | $1.71 | $1.46 | $1.53 | 17.1% | 11.8% |
| Free Cash Flow | -$76M | $63M | -$14M | -219.9% | -425.7% |
| Item | Amount |
|---|---|
| REVENUE | $3.1B |
| Cost of Revenue | $3.0B |
| GROSS PROFIT | $79M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $23M |
| Other Expenses | $3M |
| Operating Expenses | $26M |
| Cost & Expenses | $3.1B |
| OPERATING INCOME | $53M |
| Interest Income | $6M |
| Interest Expense | $9M |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $56M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $42M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $42M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $42M |
| D&A | $3M |
| EBIT | $65M |
| EBITDA | $68M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $3.1B |
| Cost of Revenue | $3.0B |
| GROSS PROFIT | $79M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $23M |
| Other Expenses | $3M |
| Operating Expenses | $26M |
| Cost & Expenses | $3.1B |
| OPERATING INCOME | $53M |
| Interest Income | $6M |
| Interest Expense | $9M |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $56M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $42M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $42M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $42M |
| D&A | $3M |
| EBIT | $65M |
| EBITDA | $68M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $42M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $569.0K |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | -$5M |
| Change in Working Capital | -$116M |
| OPERATING CASH FLOW | -$74M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$3M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | -$8M |
| Net Debt Issuance | $4M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$5M |
| Other Financing Activities | $44M |
| NET CASH FROM FINANCING | $43M |
| FREE CASH FLOW | -$76M |
| Net Change in Cash | -$39M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $39M |
| Short-Term Investments | $0 |
| Net Receivables | $161M |
| Inventory | $982M |
| Other Current Assets | $85M |
| TOTAL CURRENT ASSETS | $1.3B |
| PP&E (Net) | $18M |
| Goodwill | $101M |
| Intangible Assets | $63M |
| Long-Term Investments | $89M |
| Tax Assets | $0 |
| Other Non-Current Assets | $9M |
| TOTAL NON-CURRENT ASSETS | $278M |
| TOTAL ASSETS | $1.5B |
| Account Payables | $21M |
| Short-Term Debt | $666M |
| Deferred Revenue | $181M |
| Other Current Liabilities | $30M |
| TOTAL CURRENT LIABILITIES | $924M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $17M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $21M |
| TOTAL LIABILITIES | $945M |
| Common Stock | $237.0K |
| Additional Paid-In Capital | $169M |
| Retained Earnings | $441M |
| Treasury Stock | -$10M |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $599M |
| Minority Interest | $1M |
| TOTAL EQUITY | $600M |
| TOTAL LIABILITIES & EQUITY | $1.5B |
| Total Debt | $671M |
| Net Debt | $631M |
