| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $385M | $421M | $443M | -8.5% | -12.9% |
| Op. Income | $22M | $28M | $37M | -19.5% | -39.8% |
| Gross Margin | 18.5% | 18.9% | 20.6% | -0.4pp | -2.2pp |
| Net Margin | 3.5% | 4.6% | 5.8% | -1.1pp | -2.3pp |
| EPS (Diluted) | $0.64 | $0.93 | $1.23 | -31.2% | -48.0% |
| Free Cash Flow | -$40M | $35M | $8M | -216.9% | -600.0% |
| Item | Amount |
|---|---|
| REVENUE | $385M |
| Cost of Revenue | $314M |
| GROSS PROFIT | $71M |
| R&D Expenses | $7M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $35M |
| Other Expenses | $7M |
| Operating Expenses | $49M |
| Cost & Expenses | $363M |
| OPERATING INCOME | $22M |
| Interest Income | $0 |
| Interest Expense | $8M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | $15M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $13M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $13M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $13M |
| D&A | $16M |
| EBIT | $25M |
| EBITDA | $41M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $385M |
| Cost of Revenue | $314M |
| GROSS PROFIT | $71M |
| R&D Expenses | $7M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $35M |
| Other Expenses | $7M |
| Operating Expenses | $49M |
| Cost & Expenses | $363M |
| OPERATING INCOME | $22M |
| Interest Income | $0 |
| Interest Expense | $8M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | $15M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $13M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $13M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $13M |
| D&A | $16M |
| EBIT | $25M |
| EBITDA | $41M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $13M |
| Depreciation & Amortization | $16M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$253.0K |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$48M |
| OPERATING CASH FLOW | -$14M |
| Capital Expenditure | -$27M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $348.0K |
| NET CASH FROM INVESTING | -$26M |
| Net Debt Issuance | $49M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$3M |
| Other Financing Activities | -$6M |
| NET CASH FROM FINANCING | $40M |
| FREE CASH FLOW | -$40M |
| Net Change in Cash | -$190.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $13M |
| Short-Term Investments | $0 |
| Net Receivables | $221M |
| Inventory | $467M |
| Other Current Assets | $39M |
| TOTAL CURRENT ASSETS | $740M |
| PP&E (Net) | $586M |
| Goodwill | $320M |
| Intangible Assets | $129M |
| Long-Term Investments | $3M |
| Tax Assets | $5M |
| Other Non-Current Assets | $22M |
| TOTAL NON-CURRENT ASSETS | $1.1B |
| TOTAL ASSETS | $1.8B |
| Account Payables | $135M |
| Short-Term Debt | $47M |
| Deferred Revenue | $15M |
| Other Current Liabilities | $41M |
| TOTAL CURRENT LIABILITIES | $255M |
| Long-Term Debt | $429M |
| Deferred Revenue NC | $96M |
| Deferred Tax Liabilities | $20M |
| Other Non-Current Liabilities | $42M |
| TOTAL NON-CURRENT LIABILITIES | $661M |
| TOTAL LIABILITIES | $915M |
| Common Stock | $324M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $865M |
| Treasury Stock | -$256M |
| Accum. Other Comp. Income | -$43M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $890M |
| Minority Interest | $0 |
| TOTAL EQUITY | $890M |
| TOTAL LIABILITIES & EQUITY | $1.8B |
| Total Debt | $548M |
| Net Debt | $535M |
