| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $112M | $134M | $77M | -16.5% | 45.2% |
| Op. Income | $56M | $84M | $29M | -33.6% | 92.2% |
| Gross Margin | 57.6% | 67.9% | 49.2% | -10.3pp | 8.4pp |
| Net Margin | 46.4% | 56.9% | 32.3% | -10.5pp | 14.0pp |
| EPS (Diluted) | $1.28 | $1.89 | $0.62 | -32.3% | 106.5% |
| Free Cash Flow | $61M | $39M | $25M | 54.7% | 141.1% |
| Item | Amount |
|---|---|
| REVENUE | $112M |
| Cost of Revenue | $47M |
| GROSS PROFIT | $64M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $9M |
| SG&A Expenses | $9M |
| Other Expenses | -$620.4K |
| Operating Expenses | $9M |
| Cost & Expenses | $56M |
| OPERATING INCOME | $56M |
| Interest Income | $2M |
| Interest Expense | $10M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | $52M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $52M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $52M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $52M |
| D&A | $17M |
| EBIT | $62M |
| EBITDA | $79M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $112M |
| Cost of Revenue | $47M |
| GROSS PROFIT | $64M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $9M |
| SG&A Expenses | $9M |
| Other Expenses | -$620.4K |
| Operating Expenses | $9M |
| Cost & Expenses | $56M |
| OPERATING INCOME | $56M |
| Interest Income | $2M |
| Interest Expense | $10M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | $52M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $52M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $52M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $52M |
| D&A | $17M |
| EBIT | $62M |
| EBITDA | $79M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $52M |
| Depreciation & Amortization | $17M |
| Stock-Based Compensation | $776.6K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $926.2K |
| Change in Working Capital | -$7M |
| OPERATING CASH FLOW | $63M |
| 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 | -$13M |
| Common Stock Repurchased | -$323.2K |
| Common Dividends Paid | -$40M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$54M |
| FREE CASH FLOW | $61M |
| Net Change in Cash | $7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $156M |
| Short-Term Investments | $0 |
| Net Receivables | $72M |
| Inventory | $2M |
| Other Current Assets | $11M |
| TOTAL CURRENT ASSETS | $241M |
| PP&E (Net) | $1.4B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $11M |
| Tax Assets | $0 |
| Other Non-Current Assets | $48M |
| TOTAL NON-CURRENT ASSETS | $1.5B |
| TOTAL ASSETS | $1.7B |
| Account Payables | $11M |
| Short-Term Debt | $53M |
| Deferred Revenue | $278.1K |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $97M |
| Long-Term Debt | $591M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $721M |
| TOTAL LIABILITIES | $818M |
| Common Stock | $516.5K |
| Additional Paid-In Capital | $765M |
| Retained Earnings | $243M |
| Treasury Stock | -$123M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $886M |
| Minority Interest | $0 |
| TOTAL EQUITY | $886M |
| TOTAL LIABILITIES & EQUITY | $1.7B |
| Total Debt | $797M |
| Net Debt | $641M |
