| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $425M | $448M | $439M | -5.1% | -3.3% |
| Op. Income | -$2M | $12M | $16M | -118.8% | -114.4% |
| Gross Margin | 19.7% | 22.5% | 21.5% | -2.7pp | -1.7pp |
| Net Margin | -2.4% | -4.2% | 1.6% | 1.7pp | -4.0pp |
| EPS (Diluted) | $-0.12 | $-0.21 | $0.08 | 42.9% | -250.0% |
| Free Cash Flow | $7M | $34M | -$12M | -79.1% | 157.8% |
| Item | Amount |
|---|---|
| REVENUE | $425M |
| Cost of Revenue | $341M |
| GROSS PROFIT | $84M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $77M |
| Other Expenses | $9M |
| Operating Expenses | $86M |
| Cost & Expenses | $427M |
| OPERATING INCOME | -$2M |
| Interest Income | $0 |
| Interest Expense | $13M |
| Other Income/Expenses | -$13M |
| INCOME BEFORE TAX | -$16M |
| Income Tax Expense | -$5M |
| Net Income from Continuing Ops | -$10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$10M |
| D&A | $12M |
| EBIT | -$2M |
| EBITDA | $10M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$10M |
| Depreciation & Amortization | $12M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $11M |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | $14M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | -$6M |
| Net Debt Issuance | -$17M |
| Common Stock Repurchased | -$875.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$18M |
| FREE CASH FLOW | $7M |
| Net Change in Cash | -$15M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $38M |
| Short-Term Investments | $0 |
| Net Receivables | $158M |
| Inventory | $313M |
| Other Current Assets | $56M |
| TOTAL CURRENT ASSETS | $566M |
| PP&E (Net) | $389M |
| Goodwill | $928M |
| Intangible Assets | $291M |
| Long-Term Investments | $12M |
| Tax Assets | $0 |
| Other Non-Current Assets | $31M |
| TOTAL NON-CURRENT ASSETS | $1.7B |
| TOTAL ASSETS | $2.2B |
| Account Payables | $142M |
| Short-Term Debt | $8M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $247M |
| Long-Term Debt | $807M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $61M |
| Other Non-Current Liabilities | $24M |
| TOTAL NON-CURRENT LIABILITIES | $989M |
| TOTAL LIABILITIES | $1.2B |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | $642M |
| Treasury Stock | -$728M |
| Accum. Other Comp. Income | -$156M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $981M |
| Minority Interest | $0 |
| TOTAL EQUITY | $981M |
| TOTAL LIABILITIES & EQUITY | $2.2B |
| Total Debt | $912M |
| Net Debt | $874M |
