| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $229M | $242M | $132M | -5.3% | 73.0% |
| Op. Income | $19M | $23M | $6M | -18.3% | 215.7% |
| Gross Margin | 51.0% | 50.9% | 47.0% | 0.0pp | 3.9pp |
| Net Margin | 0.7% | 2.3% | 3.9% | -1.6pp | -3.3pp |
| EPS (Diluted) | $0.01 | $0.03 | $0.05 | -73.2% | -86.2% |
| Free Cash Flow | -$8M | $65M | -$27M | -111.6% | 71.9% |
| Item | Amount |
|---|---|
| REVENUE | $229M |
| Cost of Revenue | $112M |
| GROSS PROFIT | $117M |
| R&D Expenses | $7M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $91M |
| Other Expenses | $0 |
| Operating Expenses | $98M |
| Cost & Expenses | $210M |
| OPERATING INCOME | $19M |
| Interest Income | $2M |
| Interest Expense | $18M |
| Other Income/Expenses | -$17M |
| INCOME BEFORE TAX | $2M |
| Income Tax Expense | $160.0K |
| Net Income from Continuing Ops | $2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2M |
| D&A | $29M |
| EBIT | $20M |
| EBITDA | $49M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $229M |
| Cost of Revenue | $112M |
| GROSS PROFIT | $117M |
| R&D Expenses | $7M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $91M |
| Other Expenses | $0 |
| Operating Expenses | $98M |
| Cost & Expenses | $210M |
| OPERATING INCOME | $19M |
| Interest Income | $2M |
| Interest Expense | $18M |
| Other Income/Expenses | -$17M |
| INCOME BEFORE TAX | $2M |
| Income Tax Expense | $160.0K |
| Net Income from Continuing Ops | $2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2M |
| D&A | $29M |
| EBIT | $20M |
| EBITDA | $49M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $2M |
| Depreciation & Amortization | $29M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $998.0K |
| Other Non-Cash Items | $860.0K |
| Change in Working Capital | -$12M |
| OPERATING CASH FLOW | $23M |
| Capital Expenditure | -$31M |
| Acquisitions (Net) | $41.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $22M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$9M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $1M |
| FREE CASH FLOW | -$8M |
| Net Change in Cash | $16M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $179M |
| Short-Term Investments | $60M |
| Net Receivables | $138M |
| Inventory | $141M |
| Other Current Assets | $66M |
| TOTAL CURRENT ASSETS | $584M |
| PP&E (Net) | $236M |
| Goodwill | $2.1B |
| Intangible Assets | $1.6B |
| Long-Term Investments | $0 |
| Tax Assets | $355M |
| Other Non-Current Assets | -$339M |
| TOTAL NON-CURRENT ASSETS | $4.0B |
| TOTAL ASSETS | $4.6B |
| Account Payables | $90M |
| Short-Term Debt | $0 |
| Deferred Revenue | $4M |
| Other Current Liabilities | $21M |
| TOTAL CURRENT LIABILITIES | $138M |
| Long-Term Debt | $886M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $355M |
| Other Non-Current Liabilities | $36M |
| TOTAL NON-CURRENT LIABILITIES | $1.3B |
| TOTAL LIABILITIES | $1.4B |
| Common Stock | $35M |
| Additional Paid-In Capital | $2.6B |
| Retained Earnings | $567M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$26M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.1B |
| TOTAL LIABILITIES & EQUITY | $4.6B |
| Total Debt | $889M |
| Net Debt | $710M |
