| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $277M | $274M | $232M | 1.2% | 19.6% |
| Op. Income | $7M | $12M | $500.0K | -40.2% | 1300.0% |
| Gross Margin | 25.6% | 26.3% | 25.6% | -0.6pp | -0.0pp |
| Net Margin | 0.5% | 0.9% | -3.0% | -0.4pp | 3.5pp |
| EPS (Diluted) | $0.01 | $0.02 | $-0.05 | -50.0% | 120.0% |
| Free Cash Flow | -$16M | $48M | -$33M | -133.1% | 52.4% |
| Item | Amount |
|---|---|
| REVENUE | $277M |
| Cost of Revenue | $206M |
| GROSS PROFIT | $71M |
| R&D Expenses | $10M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $54M |
| Other Expenses | $0 |
| Operating Expenses | $64M |
| Cost & Expenses | $270M |
| OPERATING INCOME | $7M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $4M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $1M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1M |
| D&A | $12M |
| EBIT | $7M |
| EBITDA | $19M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $277M |
| Cost of Revenue | $206M |
| GROSS PROFIT | $71M |
| R&D Expenses | $10M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $54M |
| Other Expenses | $0 |
| Operating Expenses | $64M |
| Cost & Expenses | $270M |
| OPERATING INCOME | $7M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $4M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $1M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1M |
| D&A | $12M |
| EBIT | $7M |
| EBITDA | $19M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $1M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$3M |
| Change in Working Capital | -$19M |
| OPERATING CASH FLOW | $700.0K |
| Capital Expenditure | -$17M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$17M |
| Net Debt Issuance | -$37M |
| Common Stock Repurchased | -$15M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $334M |
| NET CASH FROM FINANCING | $283M |
| FREE CASH FLOW | -$16M |
| Net Change in Cash | $266M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $339M |
| Short-Term Investments | $0 |
| Net Receivables | $326M |
| Inventory | $160M |
| Other Current Assets | $20M |
| TOTAL CURRENT ASSETS | $872M |
| PP&E (Net) | $294M |
| Goodwill | $569M |
| Intangible Assets | $60M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $120M |
| TOTAL NON-CURRENT ASSETS | $1.0B |
| TOTAL ASSETS | $1.9B |
| Account Payables | $62M |
| Short-Term Debt | $0 |
| Deferred Revenue | $98M |
| Other Current Liabilities | $80M |
| TOTAL CURRENT LIABILITIES | $288M |
| Long-Term Debt | $179M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $83M |
| TOTAL NON-CURRENT LIABILITIES | $298M |
| TOTAL LIABILITIES | $586M |
| Common Stock | $200.0K |
| Additional Paid-In Capital | $2.0B |
| Retained Earnings | -$679M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.3B |
| Minority Interest | $23M |
| TOTAL EQUITY | $1.3B |
| TOTAL LIABILITIES & EQUITY | $1.9B |
| Total Debt | $226M |
| Net Debt | -$113M |
