| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $424M | $411M | $424M | 3.0% | -0.0% |
| Op. Income | $31M | -$5M | $20M | 699.7% | 57.6% |
| Gross Margin | 17.3% | 8.2% | 13.5% | 9.1pp | 3.8pp |
| Net Margin | 5.3% | -1.3% | 3.8% | 6.7pp | 1.5pp |
| EPS (Diluted) | $0.31 | $-0.07 | $0.22 | 519.5% | 40.9% |
| Free Cash Flow | $48M | $1M | $22M | 4412.4% | 120.0% |
| Item | Amount |
|---|---|
| REVENUE | $424M |
| Cost of Revenue | $350M |
| GROSS PROFIT | $73M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $42M |
| Other Expenses | $0 |
| Operating Expenses | $42M |
| Cost & Expenses | $393M |
| OPERATING INCOME | $31M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$221.0K |
| INCOME BEFORE TAX | $31M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $23M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $23M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $23M |
| D&A | $4M |
| EBIT | $33M |
| EBITDA | $37M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $424M |
| Cost of Revenue | $350M |
| GROSS PROFIT | $73M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $42M |
| Other Expenses | $0 |
| Operating Expenses | $42M |
| Cost & Expenses | $393M |
| OPERATING INCOME | $31M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$221.0K |
| INCOME BEFORE TAX | $31M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $23M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $23M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $23M |
| D&A | $4M |
| EBIT | $33M |
| EBITDA | $37M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $23M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$615.0K |
| Other Non-Cash Items | -$129.0K |
| Change in Working Capital | $22M |
| OPERATING CASH FLOW | $49M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $50.0K |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | -$20M |
| Common Stock Repurchased | -$5M |
| Common Dividends Paid | -$10M |
| Other Financing Activities | $10M |
| NET CASH FROM FINANCING | -$25M |
| FREE CASH FLOW | $48M |
| Net Change in Cash | $23M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $54M |
| Short-Term Investments | $93M |
| Net Receivables | $384M |
| Inventory | $18M |
| Other Current Assets | $22M |
| TOTAL CURRENT ASSETS | $572M |
| PP&E (Net) | $29M |
| Goodwill | $76M |
| Intangible Assets | $12M |
| Long-Term Investments | $25M |
| Tax Assets | $48M |
| Other Non-Current Assets | $42M |
| TOTAL NON-CURRENT ASSETS | $231M |
| TOTAL ASSETS | $803M |
| Account Payables | $83M |
| Short-Term Debt | $25M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $217M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $13M |
| Other Non-Current Liabilities | $106M |
| TOTAL NON-CURRENT LIABILITIES | $130M |
| TOTAL LIABILITIES | $347M |
| Common Stock | $763.0K |
| Additional Paid-In Capital | $310M |
| Retained Earnings | $185M |
| Treasury Stock | -$38M |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $457M |
| Minority Interest | $0 |
| TOTAL EQUITY | $457M |
| TOTAL LIABILITIES & EQUITY | $803M |
| Total Debt | $44M |
| Net Debt | -$11M |
