| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $503M | $468M | $501M | 7.4% | 0.4% |
| Op. Income | $54M | $28M | $73M | 96.7% | -25.4% |
| Gross Margin | 24.3% | 18.6% | 27.2% | 5.7pp | -2.9pp |
| Net Margin | 5.3% | 1.0% | 8.4% | 4.3pp | -3.1pp |
| EPS (Diluted) | $0.45 | $0.08 | $0.70 | 443.5% | -35.7% |
| Free Cash Flow | -$800.0K | $8M | $78M | -109.5% | -101.0% |
| Item | Amount |
|---|---|
| REVENUE | $503M |
| Cost of Revenue | $381M |
| GROSS PROFIT | $122M |
| R&D Expenses | $7M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $62M |
| Other Expenses | $0 |
| Operating Expenses | $68M |
| Cost & Expenses | $449M |
| OPERATING INCOME | $54M |
| Interest Income | $0 |
| Interest Expense | $13M |
| Other Income/Expenses | -$14M |
| INCOME BEFORE TAX | $40M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $27M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $27M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $27M |
| D&A | $29M |
| EBIT | $55M |
| EBITDA | $83M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $503M |
| Cost of Revenue | $381M |
| GROSS PROFIT | $122M |
| R&D Expenses | $7M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $62M |
| Other Expenses | $0 |
| Operating Expenses | $68M |
| Cost & Expenses | $449M |
| OPERATING INCOME | $54M |
| Interest Income | $0 |
| Interest Expense | $13M |
| Other Income/Expenses | -$14M |
| INCOME BEFORE TAX | $40M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $27M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $27M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $27M |
| D&A | $29M |
| EBIT | $55M |
| EBITDA | $83M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $27M |
| Depreciation & Amortization | $29M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$4M |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$22M |
| OPERATING CASH FLOW | $32M |
| Capital Expenditure | -$33M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$33M |
| Net Debt Issuance | $8M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$1M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $7M |
| FREE CASH FLOW | -$800.0K |
| Net Change in Cash | $4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $44M |
| Short-Term Investments | $0 |
| Net Receivables | $278M |
| Inventory | $278M |
| Other Current Assets | $78M |
| TOTAL CURRENT ASSETS | $678M |
| PP&E (Net) | $1.0B |
| Goodwill | $74M |
| Intangible Assets | $23M |
| Long-Term Investments | $5M |
| Tax Assets | $43M |
| Other Non-Current Assets | $42M |
| TOTAL NON-CURRENT ASSETS | $1.2B |
| TOTAL ASSETS | $1.9B |
| Account Payables | $184M |
| Short-Term Debt | $145M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $62M |
| TOTAL CURRENT LIABILITIES | $469M |
| Long-Term Debt | $669M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $75M |
| Other Non-Current Liabilities | $170M |
| TOTAL NON-CURRENT LIABILITIES | $914M |
| TOTAL LIABILITIES | $1.4B |
| Common Stock | $85M |
| Additional Paid-In Capital | $74M |
| Retained Earnings | $443M |
| Treasury Stock | -$64M |
| Accum. Other Comp. Income | -$47M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $492M |
| Minority Interest | $0 |
| TOTAL EQUITY | $492M |
| TOTAL LIABILITIES & EQUITY | $1.9B |
| Total Debt | $814M |
| Net Debt | $770M |
