| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $227M | $239M | $230M | -5.0% | -1.2% |
| Op. Income | $5M | $20M | $31M | -72.5% | -82.9% |
| Gross Margin | 32.7% | 23.9% | 28.3% | 8.8pp | 4.4pp |
| Net Margin | 8.0% | 61.1% | -14.6% | -53.1pp | 22.6pp |
| EPS (Diluted) | $0.09 | $0.75 | $-0.22 | -88.0% | 140.9% |
| Free Cash Flow | -$35M | -$28M | -$9M | -21.8% | -279.1% |
| Item | Amount |
|---|---|
| REVENUE | $227M |
| Cost of Revenue | $153M |
| GROSS PROFIT | $74M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $38M |
| Other Expenses | $31M |
| Operating Expenses | $69M |
| Cost & Expenses | $222M |
| OPERATING INCOME | $5M |
| Interest Income | $0 |
| Interest Expense | $37M |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $9M |
| Income Tax Expense | -$10M |
| Net Income from Continuing Ops | $18M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $18M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $15M |
| D&A | $31M |
| EBIT | $46M |
| EBITDA | $77M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $227M |
| Cost of Revenue | $153M |
| GROSS PROFIT | $74M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $38M |
| Other Expenses | $31M |
| Operating Expenses | $69M |
| Cost & Expenses | $222M |
| OPERATING INCOME | $5M |
| Interest Income | $0 |
| Interest Expense | $37M |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $9M |
| Income Tax Expense | -$10M |
| Net Income from Continuing Ops | $18M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $18M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $15M |
| D&A | $31M |
| EBIT | $46M |
| EBITDA | $77M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $18M |
| Depreciation & Amortization | $31M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$10M |
| Other Non-Cash Items | -$32M |
| Change in Working Capital | $6M |
| OPERATING CASH FLOW | $16M |
| Capital Expenditure | -$51M |
| Acquisitions (Net) | -$126M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$47.0K |
| NET CASH FROM INVESTING | -$177M |
| Net Debt Issuance | $135M |
| Common Stock Repurchased | -$130M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$84.0K |
| NET CASH FROM FINANCING | $5M |
| FREE CASH FLOW | -$35M |
| Net Change in Cash | -$156M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $40M |
| Short-Term Investments | $0 |
| Net Receivables | $4M |
| Inventory | $13M |
| Other Current Assets | $21M |
| TOTAL CURRENT ASSETS | $79M |
| PP&E (Net) | $1.9B |
| Goodwill | $826M |
| Intangible Assets | $121M |
| Long-Term Investments | $0 |
| Tax Assets | $86M |
| Other Non-Current Assets | $13M |
| TOTAL NON-CURRENT ASSETS | $2.9B |
| TOTAL ASSETS | $3.0B |
| Account Payables | $57M |
| Short-Term Debt | $10M |
| Deferred Revenue | $32M |
| Other Current Liabilities | $28M |
| TOTAL CURRENT LIABILITIES | $194M |
| Long-Term Debt | $1.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $4M |
| Other Non-Current Liabilities | $107M |
| TOTAL NON-CURRENT LIABILITIES | $2.6B |
| TOTAL LIABILITIES | $2.8B |
| Common Stock | $16.0K |
| Additional Paid-In Capital | $508M |
| Retained Earnings | -$201M |
| Treasury Stock | -$268M |
| Accum. Other Comp. Income | $3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $186M |
| Minority Interest | $0 |
| TOTAL EQUITY | $186M |
| TOTAL LIABILITIES & EQUITY | $3.0B |
| Total Debt | $2.5B |
| Net Debt | $2.5B |
