| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $157M | $150M | $180M | 4.5% | -12.7% |
| Op. Income | $11M | $16M | $39M | -29.5% | -71.5% |
| Gross Margin | 51.8% | 57.6% | 58.0% | -5.8pp | -6.2pp |
| Net Margin | 8.0% | 16.3% | 16.4% | -8.3pp | -8.4pp |
| EPS (Diluted) | $0.17 | $0.34 | $0.41 | -50.0% | -58.5% |
| Free Cash Flow | $28M | $45M | $29M | -36.1% | -0.7% |
| Item | Amount |
|---|---|
| REVENUE | $157M |
| Cost of Revenue | $76M |
| GROSS PROFIT | $81M |
| R&D Expenses | $38M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $32M |
| Other Expenses | $0 |
| Operating Expenses | $70M |
| Cost & Expenses | $146M |
| OPERATING INCOME | $11M |
| Interest Income | $6M |
| Interest Expense | $1M |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $15M |
| Income Tax Expense | $3M |
| 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 | $14M |
| EBIT | $17M |
| EBITDA | $31M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $157M |
| Cost of Revenue | $76M |
| GROSS PROFIT | $81M |
| R&D Expenses | $38M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $32M |
| Other Expenses | $0 |
| Operating Expenses | $70M |
| Cost & Expenses | $146M |
| OPERATING INCOME | $11M |
| Interest Income | $6M |
| Interest Expense | $1M |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $15M |
| Income Tax Expense | $3M |
| 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 | $14M |
| EBIT | $17M |
| EBITDA | $31M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $13M |
| Depreciation & Amortization | $14M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | $294.0K |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | -$912.0K |
| OPERATING CASH FLOW | $33M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | -$75M |
| Purchases of Investments | -$55M |
| Sales/Maturities of Investments | $100M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$35M |
| Net Debt Issuance | -$349.0K |
| Common Stock Repurchased | -$12M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $3M |
| NET CASH FROM FINANCING | -$9M |
| FREE CASH FLOW | $28M |
| Net Change in Cash | -$10M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $164M |
| Short-Term Investments | $300M |
| Net Receivables | $101M |
| Inventory | $160M |
| Other Current Assets | $21M |
| TOTAL CURRENT ASSETS | $745M |
| PP&E (Net) | $184M |
| Goodwill | $322M |
| Intangible Assets | $120M |
| Long-Term Investments | $0 |
| Tax Assets | $217M |
| Other Non-Current Assets | $62M |
| TOTAL NON-CURRENT ASSETS | $906M |
| TOTAL ASSETS | $1.7B |
| Account Payables | $27M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $103M |
| Long-Term Debt | $447M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $45M |
| TOTAL NON-CURRENT LIABILITIES | $524M |
| TOTAL LIABILITIES | $627M |
| Common Stock | $72.0K |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | -$250M |
| Treasury Stock | -$330.0K |
| Accum. Other Comp. Income | -$396.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.0B |
| TOTAL LIABILITIES & EQUITY | $1.7B |
| Total Debt | $480M |
| Net Debt | $317M |
