| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.2B | $1.1B | $1.2B | 2.9% | -5.0% |
| Op. Income | $138M | $113M | $125M | 22.1% | 10.0% |
| Gross Margin | 29.0% | 28.2% | 28.7% | 0.8pp | 0.3pp |
| Net Margin | 8.3% | 6.0% | 7.4% | 2.2pp | 0.9pp |
| EPS (Diluted) | $0.10 | $0.07 | $0.09 | 38.8% | 7.9% |
| Free Cash Flow | $134M | $90M | $146M | 49.0% | -8.6% |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $823M |
| GROSS PROFIT | $335M |
| R&D Expenses | $63M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $135M |
| Other Expenses | $0 |
| Operating Expenses | $197M |
| Cost & Expenses | $1.0B |
| OPERATING INCOME | $138M |
| Interest Income | $9M |
| Interest Expense | $41M |
| Other Income/Expenses | -$38M |
| INCOME BEFORE TAX | $100M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $97M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $96M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $96M |
| D&A | $224.0K |
| EBIT | $141M |
| EBITDA | $141M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $823M |
| GROSS PROFIT | $335M |
| R&D Expenses | $63M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $135M |
| Other Expenses | $0 |
| Operating Expenses | $197M |
| Cost & Expenses | $1.0B |
| OPERATING INCOME | $138M |
| Interest Income | $9M |
| Interest Expense | $41M |
| Other Income/Expenses | -$38M |
| INCOME BEFORE TAX | $100M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $97M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $96M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $96M |
| D&A | $224.0K |
| EBIT | $141M |
| EBITDA | $141M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $96M |
| Depreciation & Amortization | $224.0K |
| Stock-Based Compensation | $20M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $21M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $137M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$29M |
| NET CASH FROM INVESTING | -$33M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $38M |
| NET CASH FROM FINANCING | $38M |
| FREE CASH FLOW | $134M |
| Net Change in Cash | $145M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $737M |
| Short-Term Investments | $144M |
| Net Receivables | $649M |
| Inventory | $0 |
| Other Current Assets | $486M |
| TOTAL CURRENT ASSETS | $2.0B |
| PP&E (Net) | $220M |
| Goodwill | $558M |
| Intangible Assets | $3.0B |
| Long-Term Investments | $324M |
| Tax Assets | $35M |
| Other Non-Current Assets | $562M |
| TOTAL NON-CURRENT ASSETS | $4.7B |
| TOTAL ASSETS | $6.8B |
| Account Payables | $862M |
| Short-Term Debt | $935M |
| Deferred Revenue | $680M |
| Other Current Liabilities | $415M |
| TOTAL CURRENT LIABILITIES | $3.4B |
| Long-Term Debt | $1.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $81.8K |
| Other Non-Current Liabilities | $197M |
| TOTAL NON-CURRENT LIABILITIES | $1.5B |
| TOTAL LIABILITIES | $4.9B |
| Common Stock | $62.8K |
| Additional Paid-In Capital | $8.1B |
| Retained Earnings | -$6.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $220M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.9B |
| Minority Interest | $8M |
| TOTAL EQUITY | $1.9B |
| TOTAL LIABILITIES & EQUITY | $6.8B |
| Total Debt | $2.3B |
| Net Debt | $1.6B |
