| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $123M | $124M | $127M | -0.2% | -2.9% |
| Op. Income | $11M | $10M | $10M | 7.7% | 10.0% |
| Gross Margin | 29.6% | 29.0% | 27.3% | 0.6pp | 2.3pp |
| Net Margin | 6.5% | 6.8% | 4.9% | -0.3pp | 1.6pp |
| EPS (Diluted) | $0.27 | $0.28 | $0.22 | -3.6% | 22.7% |
| Free Cash Flow | $9M | $16M | $10M | -41.0% | -9.4% |
| Item | Amount |
|---|---|
| REVENUE | $123M |
| Cost of Revenue | $87M |
| GROSS PROFIT | $37M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $26M |
| Other Expenses | $0 |
| Operating Expenses | $26M |
| Cost & Expenses | $112M |
| OPERATING INCOME | $11M |
| Interest Income | $0 |
| Interest Expense | $566.0K |
| Other Income/Expenses | -$662.0K |
| INCOME BEFORE TAX | $10M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $8M |
| D&A | $2M |
| EBIT | $11M |
| EBITDA | $13M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $123M |
| Cost of Revenue | $87M |
| GROSS PROFIT | $37M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $26M |
| Other Expenses | $0 |
| Operating Expenses | $26M |
| Cost & Expenses | $112M |
| OPERATING INCOME | $11M |
| Interest Income | $0 |
| Interest Expense | $566.0K |
| Other Income/Expenses | -$662.0K |
| INCOME BEFORE TAX | $10M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $8M |
| D&A | $2M |
| EBIT | $11M |
| EBITDA | $13M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $8M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | -$681.0K |
| Other Non-Cash Items | $850.0K |
| Change in Working Capital | -$1M |
| OPERATING CASH FLOW | $11M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | -$7M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$1M |
| Other Financing Activities | $549.0K |
| NET CASH FROM FINANCING | -$7M |
| FREE CASH FLOW | $9M |
| Net Change in Cash | $2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4M |
| Short-Term Investments | $0 |
| Net Receivables | $84M |
| Inventory | $63M |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $154M |
| PP&E (Net) | $36M |
| Goodwill | $45M |
| Intangible Assets | $62M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $148M |
| TOTAL ASSETS | $302M |
| Account Payables | $34M |
| Short-Term Debt | $4M |
| Deferred Revenue | $7M |
| Other Current Liabilities | $16M |
| TOTAL CURRENT LIABILITIES | $78M |
| Long-Term Debt | $25M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $37M |
| TOTAL LIABILITIES | $115M |
| Common Stock | $151M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $35M |
| Treasury Stock | -$8M |
| Accum. Other Comp. Income | $283.0K |
| Other Equity | $8M |
| TOTAL STOCKHOLDERS' EQUITY | $187M |
| Minority Interest | $0 |
| TOTAL EQUITY | $187M |
| TOTAL LIABILITIES & EQUITY | $302M |
| Total Debt | $41M |
| Net Debt | $38M |
