| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $92M | $86M | $74M | 6.3% | 23.7% |
| Op. Income | $21M | $18M | $17M | 20.6% | 25.2% |
| Gross Margin | 48.4% | 46.4% | 48.5% | 2.0pp | -0.2pp |
| Net Margin | 2.4% | -0.7% | -10.1% | 3.1pp | 12.6pp |
| EPS (Diluted) | $0.03 | $-0.01 | $-0.10 | 493.8% | 126.2% |
| Free Cash Flow | $8M | $8M | $1M | 9.2% | 610.5% |
| Item | Amount |
|---|---|
| REVENUE | $92M |
| Cost of Revenue | $47M |
| GROSS PROFIT | $44M |
| R&D Expenses | $2M |
| Selling & Marketing | $0 |
| General & Administrative | $14M |
| SG&A Expenses | $14M |
| Other Expenses | $7M |
| Operating Expenses | $23M |
| Cost & Expenses | $70M |
| OPERATING INCOME | $21M |
| Interest Income | $0 |
| Interest Expense | $18M |
| Other Income/Expenses | -$18M |
| INCOME BEFORE TAX | $4M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2M |
| D&A | $10M |
| EBIT | $21M |
| EBITDA | $31M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $92M |
| Cost of Revenue | $47M |
| GROSS PROFIT | $44M |
| R&D Expenses | $2M |
| Selling & Marketing | $0 |
| General & Administrative | $14M |
| SG&A Expenses | $14M |
| Other Expenses | $7M |
| Operating Expenses | $23M |
| Cost & Expenses | $70M |
| OPERATING INCOME | $21M |
| Interest Income | $0 |
| Interest Expense | $18M |
| Other Income/Expenses | -$18M |
| INCOME BEFORE TAX | $4M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2M |
| D&A | $10M |
| EBIT | $21M |
| EBITDA | $31M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $2M |
| Depreciation & Amortization | $10M |
| Stock-Based Compensation | $87.0K |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | $603.0K |
| Change in Working Capital | -$735.0K |
| OPERATING CASH FLOW | $11M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | $8M |
| Net Change in Cash | $7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $28M |
| Short-Term Investments | $0 |
| Net Receivables | $56M |
| Inventory | $83M |
| Other Current Assets | $15M |
| TOTAL CURRENT ASSETS | $182M |
| PP&E (Net) | $80M |
| Goodwill | $472M |
| Intangible Assets | $308M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $12M |
| TOTAL NON-CURRENT ASSETS | $872M |
| TOTAL ASSETS | $1.1B |
| Account Payables | $14M |
| Short-Term Debt | $7M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $26M |
| TOTAL CURRENT LIABILITIES | $59M |
| Long-Term Debt | $527M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $35M |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $574M |
| TOTAL LIABILITIES | $633M |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $421M |
| TOTAL STOCKHOLDERS' EQUITY | $421M |
| Minority Interest | $0 |
| TOTAL EQUITY | $421M |
| TOTAL LIABILITIES & EQUITY | $1.1B |
| Total Debt | $544M |
| Net Debt | $516M |
