| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $595M | $722M | $537M | -17.6% | 10.8% |
| Op. Income | $34M | $75M | $51M | -54.0% | -32.6% |
| Gross Margin | 34.3% | 33.8% | 36.7% | 0.5pp | -2.4pp |
| Net Margin | 2.5% | 6.2% | 7.1% | -3.6pp | -4.6pp |
| EPS (Diluted) | $0.67 | $1.98 | $1.73 | -66.2% | -61.3% |
| Free Cash Flow | -$42M | $31M | -$62M | -236.5% | 32.1% |
| Item | Amount |
|---|---|
| REVENUE | $595M |
| Cost of Revenue | $391M |
| GROSS PROFIT | $204M |
| R&D Expenses | $0 |
| Selling & Marketing | $36M |
| General & Administrative | $133M |
| SG&A Expenses | $169M |
| Other Expenses | $0 |
| Operating Expenses | $169M |
| Cost & Expenses | $560M |
| OPERATING INCOME | $34M |
| Interest Income | $0 |
| Interest Expense | $16M |
| Other Income/Expenses | -$16M |
| INCOME BEFORE TAX | $19M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $15M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $15M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $15M |
| D&A | $11M |
| EBIT | $34M |
| EBITDA | $45M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $595M |
| Cost of Revenue | $391M |
| GROSS PROFIT | $204M |
| R&D Expenses | $0 |
| Selling & Marketing | $36M |
| General & Administrative | $133M |
| SG&A Expenses | $169M |
| Other Expenses | $0 |
| Operating Expenses | $169M |
| Cost & Expenses | $560M |
| OPERATING INCOME | $34M |
| Interest Income | $0 |
| Interest Expense | $16M |
| Other Income/Expenses | -$16M |
| INCOME BEFORE TAX | $19M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $15M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $15M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $15M |
| D&A | $11M |
| EBIT | $34M |
| EBITDA | $45M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $15M |
| Depreciation & Amortization | $14M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $5M |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | -$63M |
| OPERATING CASH FLOW | -$25M |
| Capital Expenditure | -$17M |
| Acquisitions (Net) | -$881.0K |
| Purchases of Investments | $3M |
| Sales/Maturities of Investments | $2M |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | -$12M |
| Net Debt Issuance | $15M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$978.0K |
| NET CASH FROM FINANCING | $14M |
| FREE CASH FLOW | -$42M |
| Net Change in Cash | -$25M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $201M |
| Short-Term Investments | $0 |
| Net Receivables | $86M |
| Inventory | $813M |
| Other Current Assets | $23M |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $666M |
| Goodwill | $560M |
| Intangible Assets | $40M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $32M |
| TOTAL NON-CURRENT ASSETS | $1.3B |
| TOTAL ASSETS | $2.4B |
| Account Payables | $72M |
| Short-Term Debt | $571M |
| Deferred Revenue | $82M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $847M |
| Long-Term Debt | $389M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $57M |
| Other Non-Current Liabilities | $86M |
| TOTAL NON-CURRENT LIABILITIES | $656M |
| TOTAL LIABILITIES | $1.5B |
| Common Stock | $29.0K |
| Additional Paid-In Capital | $323M |
| Retained Earnings | $740M |
| Treasury Stock | -$149M |
| Accum. Other Comp. Income | $1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $916M |
| Minority Interest | $3M |
| TOTAL EQUITY | $918M |
| TOTAL LIABILITIES & EQUITY | $2.4B |
| Total Debt | $1.1B |
| Net Debt | $892M |
