| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $647M | $569M | $535M | 13.7% | 20.9% |
| Op. Income | $49M | $52M | $54M | -5.4% | -9.0% |
| Gross Margin | 59.7% | 60.4% | 58.3% | -0.8pp | 1.4pp |
| Net Margin | 18.0% | -6.0% | 10.6% | 24.0pp | 7.4pp |
| EPS (Diluted) | $0.36 | $-0.11 | $0.18 | 434.9% | 100.0% |
| Free Cash Flow | $92M | $131M | -$13M | -30.4% | 791.3% |
| Item | Amount |
|---|---|
| REVENUE | $647M |
| Cost of Revenue | $261M |
| GROSS PROFIT | $386M |
| R&D Expenses | $0 |
| Selling & Marketing | $212M |
| General & Administrative | $125M |
| SG&A Expenses | $337M |
| Other Expenses | $0 |
| Operating Expenses | $337M |
| Cost & Expenses | $598M |
| OPERATING INCOME | $49M |
| Interest Income | $7M |
| Interest Expense | $6M |
| Other Income/Expenses | $98M |
| INCOME BEFORE TAX | $147M |
| Income Tax Expense | $31M |
| Net Income from Continuing Ops | $116M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $116M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $116M |
| D&A | $28M |
| EBIT | $154M |
| EBITDA | $182M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $647M |
| Cost of Revenue | $261M |
| GROSS PROFIT | $386M |
| R&D Expenses | $0 |
| Selling & Marketing | $212M |
| General & Administrative | $125M |
| SG&A Expenses | $337M |
| Other Expenses | $0 |
| Operating Expenses | $337M |
| Cost & Expenses | $598M |
| OPERATING INCOME | $49M |
| Interest Income | $7M |
| Interest Expense | $6M |
| Other Income/Expenses | $98M |
| INCOME BEFORE TAX | $147M |
| Income Tax Expense | $31M |
| Net Income from Continuing Ops | $116M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $116M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $116M |
| D&A | $28M |
| EBIT | $154M |
| EBITDA | $182M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $116M |
| Depreciation & Amortization | $28M |
| Stock-Based Compensation | $12M |
| Deferred Income Tax | $31M |
| Other Non-Cash Items | -$96M |
| Change in Working Capital | $12M |
| OPERATING CASH FLOW | $103M |
| Capital Expenditure | -$12M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$12M |
| Net Debt Issuance | -$15M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$17M |
| FREE CASH FLOW | $92M |
| Net Change in Cash | $115M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $744M |
| Short-Term Investments | $0 |
| Net Receivables | $369M |
| Inventory | $465M |
| Other Current Assets | $153M |
| TOTAL CURRENT ASSETS | $1.7B |
| PP&E (Net) | $521M |
| Goodwill | $0 |
| Intangible Assets | $80M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $69M |
| TOTAL NON-CURRENT ASSETS | $670M |
| TOTAL ASSETS | $2.4B |
| Account Payables | $118M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $403M |
| TOTAL CURRENT LIABILITIES | $521M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $28M |
| TOTAL NON-CURRENT LIABILITIES | $375M |
| TOTAL LIABILITIES | $896M |
| Common Stock | $43M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $36M |
| Treasury Stock | -$34M |
| Accum. Other Comp. Income | $1.5B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.5B |
| TOTAL LIABILITIES & EQUITY | $2.4B |
| Total Debt | $347M |
| Net Debt | -$397M |
