| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $186M | $182M | $155M | 2.4% | 20.0% |
| Op. Income | $37M | $51M | $45M | -27.3% | -18.5% |
| Gross Margin | 68.3% | 75.7% | 87.2% | -7.4pp | -18.9pp |
| Net Margin | 15.6% | 21.6% | 22.3% | -6.0pp | -6.8pp |
| EPS (Diluted) | $0.23 | $0.31 | $0.27 | -25.8% | -14.8% |
| Free Cash Flow | $38M | -$5M | $62M | 819.3% | -38.0% |
| Item | Amount |
|---|---|
| REVENUE | $186M |
| Cost of Revenue | $59M |
| GROSS PROFIT | $127M |
| R&D Expenses | $0 |
| Selling & Marketing | $1M |
| General & Administrative | $53M |
| SG&A Expenses | $54M |
| Other Expenses | $36M |
| Operating Expenses | $90M |
| Cost & Expenses | $149M |
| OPERATING INCOME | $37M |
| Interest Income | $157M |
| Interest Expense | $51M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $37M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $29M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $29M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $29M |
| D&A | $8M |
| EBIT | $37M |
| EBITDA | $45M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $186M |
| Cost of Revenue | $59M |
| GROSS PROFIT | $127M |
| R&D Expenses | $0 |
| Selling & Marketing | $1M |
| General & Administrative | $53M |
| SG&A Expenses | $54M |
| Other Expenses | $36M |
| Operating Expenses | $90M |
| Cost & Expenses | $149M |
| OPERATING INCOME | $37M |
| Interest Income | $157M |
| Interest Expense | $51M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $37M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $29M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $29M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $29M |
| D&A | $8M |
| EBIT | $37M |
| EBITDA | $45M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $29M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | $6M |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | $45M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $37M |
| Other Investing Activities | -$91M |
| NET CASH FROM INVESTING | -$61M |
| Net Debt Issuance | -$206M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$25M |
| Other Financing Activities | $208M |
| NET CASH FROM FINANCING | -$23M |
| FREE CASH FLOW | $38M |
| Net Change in Cash | -$40M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $122M |
| Short-Term Investments | $1.0B |
| Net Receivables | $47M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $139M |
| Goodwill | $381M |
| Intangible Assets | $5M |
| Long-Term Investments | $12.1B |
| Tax Assets | $0 |
| Other Non-Current Assets | $577M |
| TOTAL NON-CURRENT ASSETS | $13.2B |
| TOTAL ASSETS | $14.4B |
| Account Payables | $14M |
| Short-Term Debt | $399M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $12.0B |
| TOTAL CURRENT LIABILITIES | $12.4B |
| Long-Term Debt | $244M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $232M |
| TOTAL NON-CURRENT LIABILITIES | $475M |
| TOTAL LIABILITIES | $12.9B |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.0B |
| Retained Earnings | $675M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$149M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.6B |
| TOTAL LIABILITIES & EQUITY | $14.4B |
| Total Debt | $643M |
| Net Debt | $520M |
