| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $172M | $181M | — | -5.4% | — |
| Op. Income | $11M | $23M | — | -49.2% | — |
| Gross Margin | 14.2% | 20.1% | — | -5.9pp | — |
| Net Margin | 8.1% | 8.4% | — | -0.3pp | — |
| EPS (Diluted) | $0.38 | $0.41 | — | -7.7% | — |
| Free Cash Flow | $12M | $47M | — | -73.6% | — |
| Item | Amount |
|---|---|
| REVENUE | $172M |
| Cost of Revenue | $147M |
| GROSS PROFIT | $24M |
| R&D Expenses | $9M |
| Selling & Marketing | $997.5K |
| General & Administrative | $4M |
| SG&A Expenses | $5M |
| Other Expenses | -$699.3K |
| Operating Expenses | $13M |
| Cost & Expenses | $160M |
| OPERATING INCOME | $11M |
| Interest Income | $1M |
| Interest Expense | $2M |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $16M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $14M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $14M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $14M |
| D&A | $35M |
| EBIT | $11M |
| EBITDA | $46M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $172M |
| Cost of Revenue | $147M |
| GROSS PROFIT | $24M |
| R&D Expenses | $9M |
| Selling & Marketing | $997.5K |
| General & Administrative | $4M |
| SG&A Expenses | $5M |
| Other Expenses | -$699.3K |
| Operating Expenses | $13M |
| Cost & Expenses | $160M |
| OPERATING INCOME | $11M |
| Interest Income | $1M |
| Interest Expense | $2M |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $16M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $14M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $14M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $14M |
| D&A | $35M |
| EBIT | $11M |
| EBITDA | $46M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $14M |
| Depreciation & Amortization | $37M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $4M |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | $52M |
| Capital Expenditure | -$39M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | -$43M |
| Net Debt Issuance | -$18M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | -$15M |
| FREE CASH FLOW | $12M |
| Net Change in Cash | -$6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $385M |
| Short-Term Investments | $3M |
| Net Receivables | $179M |
| Inventory | $83M |
| Other Current Assets | $136M |
| TOTAL CURRENT ASSETS | $790M |
| PP&E (Net) | $627M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $13M |
| Tax Assets | $5M |
| Other Non-Current Assets | $8M |
| TOTAL NON-CURRENT ASSETS | $653M |
| TOTAL ASSETS | $1.4B |
| Account Payables | $27M |
| Short-Term Debt | $92M |
| Deferred Revenue | $15M |
| Other Current Liabilities | $89M |
| TOTAL CURRENT LIABILITIES | $223M |
| Long-Term Debt | $376M |
| Deferred Revenue NC | $4M |
| Deferred Tax Liabilities | $4M |
| Other Non-Current Liabilities | $8M |
| TOTAL NON-CURRENT LIABILITIES | $420M |
| TOTAL LIABILITIES | $642M |
| Common Stock | $230M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $284M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $95M |
| Other Equity | $191M |
| TOTAL STOCKHOLDERS' EQUITY | $801M |
| Minority Interest | $0 |
| TOTAL EQUITY | $801M |
| TOTAL LIABILITIES & EQUITY | $1.4B |
| Total Debt | $496M |
| Net Debt | $111M |
