| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $304M | $305M | $265M | -0.3% | 14.9% |
| Op. Income | $35M | $43M | $19M | -18.5% | 83.6% |
| Gross Margin | 54.0% | 52.0% | 58.2% | 2.0pp | -4.2pp |
| Net Margin | 9.7% | 10.8% | 3.7% | -1.1pp | 6.0pp |
| EPS (Diluted) | $0.57 | $0.64 | $0.19 | -10.9% | 200.0% |
| Free Cash Flow | $68M | $48M | $33M | 42.3% | 105.5% |
| Item | Amount |
|---|---|
| REVENUE | $304M |
| Cost of Revenue | $140M |
| GROSS PROFIT | $164M |
| R&D Expenses | $24M |
| Selling & Marketing | $7M |
| General & Administrative | $88M |
| SG&A Expenses | $95M |
| Other Expenses | $9M |
| Operating Expenses | $129M |
| Cost & Expenses | $269M |
| OPERATING INCOME | $35M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $33M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $29M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $29M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $29M |
| D&A | $15M |
| EBIT | $46M |
| EBITDA | $62M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $304M |
| Cost of Revenue | $140M |
| GROSS PROFIT | $164M |
| R&D Expenses | $24M |
| Selling & Marketing | $7M |
| General & Administrative | $88M |
| SG&A Expenses | $95M |
| Other Expenses | $9M |
| Operating Expenses | $129M |
| Cost & Expenses | $269M |
| OPERATING INCOME | $35M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $33M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $29M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $29M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $29M |
| D&A | $15M |
| EBIT | $46M |
| EBITDA | $62M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $29M |
| Depreciation & Amortization | $25M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $34M |
| Change in Working Capital | -$15M |
| OPERATING CASH FLOW | $80M |
| Capital Expenditure | -$12M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$6M |
| NET CASH FROM INVESTING | -$18M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $147.0K |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | $68M |
| Net Change in Cash | $60M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $284M |
| Short-Term Investments | $0 |
| Net Receivables | $179M |
| Inventory | $259M |
| Other Current Assets | $47M |
| TOTAL CURRENT ASSETS | $770M |
| PP&E (Net) | $311M |
| Goodwill | $466M |
| Intangible Assets | $276M |
| Long-Term Investments | $0 |
| Tax Assets | $5M |
| Other Non-Current Assets | $107M |
| TOTAL NON-CURRENT ASSETS | $1.2B |
| TOTAL ASSETS | $1.9B |
| Account Payables | $64M |
| Short-Term Debt | $12M |
| Deferred Revenue | $30M |
| Other Current Liabilities | $81M |
| TOTAL CURRENT LIABILITIES | $252M |
| Long-Term Debt | $754M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $36M |
| Other Non-Current Liabilities | $75M |
| TOTAL NON-CURRENT LIABILITIES | $865M |
| TOTAL LIABILITIES | $1.1B |
| Common Stock | $504.0K |
| Additional Paid-In Capital | $595M |
| Retained Earnings | $253M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$30M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $818M |
| Minority Interest | $0 |
| TOTAL EQUITY | $818M |
| TOTAL LIABILITIES & EQUITY | $1.9B |
| Total Debt | $766M |
| Net Debt | $481M |
