| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $311M | $304M | $261M | 2.3% | 19.1% |
| Op. Income | $54M | $35M | $31M | 52.2% | 74.4% |
| Gross Margin | 53.8% | 54.0% | 54.3% | -0.2pp | -0.5pp |
| Net Margin | 13.2% | 9.7% | 7.6% | 3.5pp | 5.6pp |
| EPS (Diluted) | $0.80 | $0.57 | $0.38 | 40.4% | 110.5% |
| Free Cash Flow | $9M | $68M | -$3M | -86.1% | 371.2% |
| Item | Amount |
|---|---|
| REVENUE | $311M |
| Cost of Revenue | $144M |
| GROSS PROFIT | $167M |
| R&D Expenses | $13M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $101M |
| Operating Expenses | $114M |
| Cost & Expenses | $258M |
| OPERATING INCOME | $54M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $52M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $41M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $41M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $41M |
| D&A | $23M |
| EBIT | $54M |
| EBITDA | $77M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $311M |
| Cost of Revenue | $144M |
| GROSS PROFIT | $167M |
| R&D Expenses | $13M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $101M |
| Operating Expenses | $114M |
| Cost & Expenses | $258M |
| OPERATING INCOME | $54M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $52M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $41M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $41M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $41M |
| D&A | $23M |
| EBIT | $54M |
| EBITDA | $77M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $41M |
| Depreciation & Amortization | $23M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$273.0K |
| Change in Working Capital | -$52M |
| OPERATING CASH FLOW | $19M |
| Capital Expenditure | -$10M |
| Acquisitions (Net) | $402.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$6M |
| NET CASH FROM INVESTING | -$15M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$598.0K |
| FREE CASH FLOW | $9M |
| Net Change in Cash | $1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $286M |
| Short-Term Investments | $0 |
| Net Receivables | $177M |
| Inventory | $289M |
| Other Current Assets | $50M |
| TOTAL CURRENT ASSETS | $802M |
| PP&E (Net) | $304M |
| Goodwill | $466M |
| Intangible Assets | $268M |
| Long-Term Investments | $0 |
| Tax Assets | $5M |
| Other Non-Current Assets | $117M |
| TOTAL NON-CURRENT ASSETS | $1.2B |
| TOTAL ASSETS | $2.0B |
| Account Payables | $78M |
| Short-Term Debt | $14M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $112M |
| TOTAL CURRENT LIABILITIES | $237M |
| Long-Term Debt | $751M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $37M |
| Other Non-Current Liabilities | $72M |
| TOTAL NON-CURRENT LIABILITIES | $861M |
| TOTAL LIABILITIES | $1.1B |
| Common Stock | $507.0K |
| Additional Paid-In Capital | $610M |
| Retained Earnings | $284M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$30M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $865M |
| Minority Interest | $0 |
| TOTAL EQUITY | $865M |
| TOTAL LIABILITIES & EQUITY | $2.0B |
| Total Debt | $765M |
| Net Debt | $479M |
