| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $133M | $139M | $144M | -4.2% | -7.6% |
| Op. Income | $9M | $14M | $200.0K | -35.8% | 4300.0% |
| Gross Margin | 37.2% | 41.2% | 35.4% | -4.0pp | 1.8pp |
| Net Margin | 1.9% | 34.1% | -3.6% | -32.2pp | 5.5pp |
| EPS (Diluted) | $0.03 | $0.52 | $-0.06 | -94.7% | 148.5% |
| Free Cash Flow | $14M | $55M | $16M | -74.9% | -15.2% |
| Item | Amount |
|---|---|
| REVENUE | $133M |
| Cost of Revenue | $84M |
| GROSS PROFIT | $50M |
| R&D Expenses | $9M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $31M |
| Other Expenses | $0 |
| Operating Expenses | $41M |
| Cost & Expenses | $125M |
| OPERATING INCOME | $9M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | $1M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$1M |
| Net Income from Discontinued Ops | $4M |
| Other Adjustments | $0 |
| NET INCOME | $3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3M |
| D&A | $14M |
| EBIT | $5M |
| EBITDA | $19M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $133M |
| Cost of Revenue | $84M |
| GROSS PROFIT | $50M |
| R&D Expenses | $9M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $31M |
| Other Expenses | $0 |
| Operating Expenses | $41M |
| Cost & Expenses | $125M |
| OPERATING INCOME | $9M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | $1M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$1M |
| Net Income from Discontinued Ops | $4M |
| Other Adjustments | $0 |
| NET INCOME | $3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3M |
| D&A | $14M |
| EBIT | $5M |
| EBITDA | $19M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | -$1M |
| Depreciation & Amortization | $14M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $3M |
| Other Non-Cash Items | $5M |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | $17M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$500.0K |
| Sales/Maturities of Investments | $500.0K |
| Other Investing Activities | $7M |
| NET CASH FROM INVESTING | $4M |
| Net Debt Issuance | $19M |
| Common Stock Repurchased | -$6M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $14M |
| FREE CASH FLOW | $14M |
| Net Change in Cash | $35M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $122M |
| Short-Term Investments | $0 |
| Net Receivables | $131M |
| Inventory | $203M |
| Other Current Assets | $12M |
| TOTAL CURRENT ASSETS | $468M |
| PP&E (Net) | $178M |
| Goodwill | $541M |
| Intangible Assets | $183M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $114M |
| TOTAL NON-CURRENT ASSETS | $1.0B |
| TOTAL ASSETS | $1.5B |
| Account Payables | $68M |
| Short-Term Debt | $48M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $23M |
| TOTAL CURRENT LIABILITIES | $170M |
| Long-Term Debt | $245M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $700.0K |
| Other Non-Current Liabilities | $26M |
| TOTAL NON-CURRENT LIABILITIES | $279M |
| TOTAL LIABILITIES | $450M |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | -$373M |
| Treasury Stock | -$151M |
| Accum. Other Comp. Income | -$133M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.0B |
| TOTAL LIABILITIES & EQUITY | $1.5B |
| Total Debt | $305M |
| Net Debt | $183M |
