| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $242M | $309M | $237M | -21.6% | 2.1% |
| Op. Income | $9M | $17M | $9M | -47.0% | -0.2% |
| Gross Margin | 26.2% | 25.6% | 25.0% | 0.6pp | 1.2pp |
| Net Margin | 2.0% | 3.7% | 1.8% | -1.7pp | 0.3pp |
| EPS (Diluted) | $0.21 | $0.50 | $0.19 | -58.0% | 10.5% |
| Free Cash Flow | -$68M | $15M | -$59M | -552.0% | -15.6% |
| Item | Amount |
|---|---|
| REVENUE | $242M |
| Cost of Revenue | $178M |
| GROSS PROFIT | $63M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $54M |
| SG&A Expenses | $54M |
| Other Expenses | $0 |
| Operating Expenses | $54M |
| Cost & Expenses | $233M |
| OPERATING INCOME | $9M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $6M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $5M |
| D&A | $3M |
| EBIT | $9M |
| EBITDA | $12M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $242M |
| Cost of Revenue | $178M |
| GROSS PROFIT | $63M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $54M |
| SG&A Expenses | $54M |
| Other Expenses | $0 |
| Operating Expenses | $54M |
| Cost & Expenses | $233M |
| OPERATING INCOME | $9M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $6M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $5M |
| D&A | $3M |
| EBIT | $9M |
| EBITDA | $12M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $5M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $683.0K |
| Other Non-Cash Items | $559.0K |
| Change in Working Capital | -$75M |
| OPERATING CASH FLOW | -$65M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $43.0K |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | $58M |
| Common Stock Repurchased | -$229.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | $58M |
| FREE CASH FLOW | -$68M |
| Net Change in Cash | -$10M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $39M |
| Short-Term Investments | $0 |
| Net Receivables | $26M |
| Inventory | $445M |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $521M |
| PP&E (Net) | $139M |
| Goodwill | $34M |
| Intangible Assets | $0 |
| Long-Term Investments | -$34M |
| Tax Assets | $3M |
| Other Non-Current Assets | $34M |
| TOTAL NON-CURRENT ASSETS | $175M |
| TOTAL ASSETS | $696M |
| Account Payables | $12M |
| Short-Term Debt | $271M |
| Deferred Revenue | $21M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $333M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $840.0K |
| TOTAL NON-CURRENT LIABILITIES | $840.0K |
| TOTAL LIABILITIES | $334M |
| Common Stock | $27.0K |
| Additional Paid-In Capital | $266M |
| Retained Earnings | $171M |
| Treasury Stock | -$75M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $361M |
| Minority Interest | $0 |
| TOTAL EQUITY | $361M |
| TOTAL LIABILITIES & EQUITY | $696M |
| Total Debt | $271M |
| Net Debt | $232M |
