| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $480M | $483M | $425M | -0.7% | 12.9% |
| Op. Income | $3M | $54M | -$29M | -93.8% | 111.6% |
| Gross Margin | 36.0% | 35.6% | 30.5% | 0.4pp | 5.5pp |
| Net Margin | 1.0% | 9.0% | -5.3% | -8.0pp | 6.3pp |
| EPS (Diluted) | $0.11 | $1.01 | $-0.54 | -89.1% | 120.4% |
| Free Cash Flow | -$151M | $79M | -$160M | -290.9% | 5.3% |
| Item | Amount |
|---|---|
| REVENUE | $480M |
| Cost of Revenue | $307M |
| GROSS PROFIT | $173M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $170M |
| Other Expenses | $0 |
| Operating Expenses | $170M |
| Cost & Expenses | $477M |
| OPERATING INCOME | $3M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $6M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $5M |
| D&A | $28M |
| EBIT | $8M |
| EBITDA | $37M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $480M |
| Cost of Revenue | $307M |
| GROSS PROFIT | $173M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $170M |
| Other Expenses | $0 |
| Operating Expenses | $170M |
| Cost & Expenses | $477M |
| OPERATING INCOME | $3M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $6M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $5M |
| D&A | $28M |
| EBIT | $8M |
| EBITDA | $37M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $5M |
| Depreciation & Amortization | $28M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $8M |
| Other Non-Cash Items | $15M |
| Change in Working Capital | -$200M |
| OPERATING CASH FLOW | -$135M |
| Capital Expenditure | -$16M |
| Acquisitions (Net) | -$166.0K |
| Purchases of Investments | -$31M |
| Sales/Maturities of Investments | $41M |
| Other Investing Activities | -$14M |
| NET CASH FROM INVESTING | -$7M |
| Net Debt Issuance | -$12M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$14M |
| FREE CASH FLOW | -$151M |
| Net Change in Cash | -$156M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $255M |
| Short-Term Investments | $0 |
| Net Receivables | $630M |
| Inventory | $22M |
| Other Current Assets | $124M |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $126M |
| Goodwill | $247M |
| Intangible Assets | $204M |
| Long-Term Investments | $0 |
| Tax Assets | $2M |
| Other Non-Current Assets | $109M |
| TOTAL NON-CURRENT ASSETS | $687M |
| TOTAL ASSETS | $1.8B |
| Account Payables | $75M |
| Short-Term Debt | $0 |
| Deferred Revenue | $84M |
| Other Current Liabilities | $40M |
| TOTAL CURRENT LIABILITIES | $299M |
| Long-Term Debt | $413M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $12M |
| TOTAL NON-CURRENT LIABILITIES | $510M |
| TOTAL LIABILITIES | $809M |
| Common Stock | $4.0K |
| Additional Paid-In Capital | $702M |
| Retained Earnings | $359M |
| Treasury Stock | -$102M |
| Accum. Other Comp. Income | -$35.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $958M |
| Minority Interest | $0 |
| TOTAL EQUITY | $958M |
| TOTAL LIABILITIES & EQUITY | $1.8B |
| Total Debt | $548M |
| Net Debt | $293M |
