| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $302M | $295M | $280M | 2.3% | 7.6% |
| Op. Income | $11M | $8M | $6M | 39.6% | 68.3% |
| Gross Margin | 29.4% | 28.6% | 28.1% | 0.8pp | 1.3pp |
| Net Margin | 2.6% | 2.0% | 1.6% | 0.6pp | 1.0pp |
| EPS (Diluted) | $0.34 | $0.26 | $0.19 | 30.8% | 78.9% |
| Free Cash Flow | $5M | $15M | $10M | -67.6% | -51.8% |
| Item | Amount |
|---|---|
| REVENUE | $302M |
| Cost of Revenue | $213M |
| GROSS PROFIT | $89M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $9M |
| SG&A Expenses | $9M |
| Other Expenses | $69M |
| Operating Expenses | $78M |
| Cost & Expenses | $291M |
| OPERATING INCOME | $11M |
| Interest Income | $0 |
| Interest Expense | $894.0K |
| Other Income/Expenses | -$894.0K |
| 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 | $7M |
| EBIT | $11M |
| EBITDA | $18M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $302M |
| Cost of Revenue | $213M |
| GROSS PROFIT | $89M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $9M |
| SG&A Expenses | $9M |
| Other Expenses | $69M |
| Operating Expenses | $78M |
| Cost & Expenses | $291M |
| OPERATING INCOME | $11M |
| Interest Income | $0 |
| Interest Expense | $894.0K |
| Other Income/Expenses | -$894.0K |
| 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 | $7M |
| EBIT | $11M |
| EBITDA | $18M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $8M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $406.0K |
| Deferred Income Tax | -$430.0K |
| Other Non-Cash Items | $124.0K |
| Change in Working Capital | $1M |
| OPERATING CASH FLOW | $17M |
| Capital Expenditure | -$12M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $38.0K |
| NET CASH FROM INVESTING | -$12M |
| Net Debt Issuance | $16M |
| Common Stock Repurchased | -$78.0K |
| Common Dividends Paid | -$2M |
| Other Financing Activities | -$18.0K |
| NET CASH FROM FINANCING | -$10M |
| FREE CASH FLOW | $5M |
| Net Change in Cash | -$5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $14M |
| Short-Term Investments | $0 |
| Net Receivables | $9M |
| Inventory | $116M |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $143M |
| PP&E (Net) | $505M |
| Goodwill | $5M |
| Intangible Assets | $9M |
| Long-Term Investments | -$14M |
| Tax Assets | $14M |
| Other Non-Current Assets | $377.0K |
| TOTAL NON-CURRENT ASSETS | $520M |
| TOTAL ASSETS | $663M |
| Account Payables | $82M |
| Short-Term Debt | $6M |
| Deferred Revenue | $2M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $159M |
| Long-Term Debt | $18M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $14M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $350M |
| TOTAL LIABILITIES | $509M |
| Common Stock | $23.0K |
| Additional Paid-In Capital | $59M |
| Retained Earnings | $95M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $154M |
| Minority Interest | $0 |
| TOTAL EQUITY | $154M |
| TOTAL LIABILITIES & EQUITY | $663M |
| Total Debt | $382M |
| Net Debt | $368M |
