| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $242M | $218M | $140M | 10.8% | 72.6% |
| Op. Income | $23M | $16M | $18M | 49.4% | 29.9% |
| Gross Margin | 50.9% | 49.5% | 46.4% | 1.5pp | 4.5pp |
| Net Margin | 2.3% | 3.8% | 10.7% | -1.4pp | -8.4pp |
| EPS (Diluted) | $0.03 | $0.04 | $0.14 | -32.0% | -81.6% |
| Free Cash Flow | $65M | -$32M | $8M | 303.2% | 733.7% |
| Item | Amount |
|---|---|
| REVENUE | $242M |
| Cost of Revenue | $119M |
| GROSS PROFIT | $123M |
| R&D Expenses | $7M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $93M |
| Other Expenses | $0 |
| Operating Expenses | $100M |
| Cost & Expenses | $218M |
| OPERATING INCOME | $23M |
| Interest Income | $1M |
| Interest Expense | $18M |
| Other Income/Expenses | -$16M |
| INCOME BEFORE TAX | $8M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $6M |
| D&A | $28M |
| EBIT | $26M |
| EBITDA | $54M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $242M |
| Cost of Revenue | $119M |
| GROSS PROFIT | $123M |
| R&D Expenses | $7M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $93M |
| Other Expenses | $0 |
| Operating Expenses | $100M |
| Cost & Expenses | $218M |
| OPERATING INCOME | $23M |
| Interest Income | $1M |
| Interest Expense | $18M |
| Other Income/Expenses | -$16M |
| INCOME BEFORE TAX | $8M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $6M |
| D&A | $28M |
| EBIT | $26M |
| EBITDA | $54M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $6M |
| Depreciation & Amortization | $28M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$14M |
| Other Non-Cash Items | $2M |
| Change in Working Capital | $66M |
| OPERATING CASH FLOW | $91M |
| Capital Expenditure | -$26M |
| Acquisitions (Net) | -$1M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $34M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $7M |
| Net Debt Issuance | -$19M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $19M |
| NET CASH FROM FINANCING | $252.0K |
| FREE CASH FLOW | $65M |
| Net Change in Cash | $96M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $163M |
| Short-Term Investments | $82M |
| Net Receivables | $153M |
| Inventory | $134M |
| Other Current Assets | $53M |
| TOTAL CURRENT ASSETS | $586M |
| PP&E (Net) | $199M |
| Goodwill | $2.1B |
| Intangible Assets | $1.6B |
| Long-Term Investments | $0 |
| Tax Assets | $19M |
| Other Non-Current Assets | $8M |
| TOTAL NON-CURRENT ASSETS | $4.0B |
| TOTAL ASSETS | $4.6B |
| Account Payables | $77M |
| Short-Term Debt | $0 |
| Deferred Revenue | $5M |
| Other Current Liabilities | $29M |
| TOTAL CURRENT LIABILITIES | $145M |
| Long-Term Debt | $885M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $353M |
| Other Non-Current Liabilities | $27M |
| TOTAL NON-CURRENT LIABILITIES | $1.3B |
| TOTAL LIABILITIES | $1.4B |
| Common Stock | $35M |
| Additional Paid-In Capital | $2.6B |
| Retained Earnings | $565M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$33M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.1B |
| TOTAL LIABILITIES & EQUITY | $4.6B |
| Total Debt | $898M |
| Net Debt | $734M |
