| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $211M | $195M | $182M | 8.4% | 15.8% |
| Op. Income | $17M | $13M | $11M | 34.5% | 52.1% |
| Gross Margin | 10.0% | 16.6% | 15.3% | -6.7pp | -5.3pp |
| Net Margin | 10.0% | -3.7% | -8.7% | 13.8pp | 18.7pp |
| EPS (Diluted) | $0.21 | $-0.07 | $-0.17 | 388.1% | 223.5% |
| Free Cash Flow | $14M | $14M | $873.0K | -5.2% | 1474.8% |
| Item | Amount |
|---|---|
| REVENUE | $211M |
| Cost of Revenue | $190M |
| GROSS PROFIT | $21M |
| R&D Expenses | $0 |
| Selling & Marketing | -$8M |
| General & Administrative | $13M |
| SG&A Expenses | $4M |
| Other Expenses | $0 |
| Operating Expenses | $4M |
| Cost & Expenses | $194M |
| OPERATING INCOME | $17M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $22M |
| Income Tax Expense | $579.0K |
| Net Income from Continuing Ops | $21M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $21M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $21M |
| D&A | $6M |
| EBIT | $24M |
| EBITDA | $30M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $211M |
| Cost of Revenue | $190M |
| GROSS PROFIT | $21M |
| R&D Expenses | $0 |
| Selling & Marketing | -$8M |
| General & Administrative | $13M |
| SG&A Expenses | $4M |
| Other Expenses | $0 |
| Operating Expenses | $4M |
| Cost & Expenses | $194M |
| OPERATING INCOME | $17M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $22M |
| Income Tax Expense | $579.0K |
| Net Income from Continuing Ops | $21M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $21M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $21M |
| D&A | $6M |
| EBIT | $24M |
| EBITDA | $30M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $21M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$7M |
| Change in Working Capital | -$7M |
| OPERATING CASH FLOW | $15M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | -$20M |
| Common Stock Repurchased | -$8M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $52M |
| NET CASH FROM FINANCING | $24M |
| FREE CASH FLOW | $14M |
| Net Change in Cash | $38M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $65M |
| Short-Term Investments | $0 |
| Net Receivables | $44M |
| Inventory | $45M |
| Other Current Assets | $10M |
| TOTAL CURRENT ASSETS | $164M |
| PP&E (Net) | $31M |
| Goodwill | $0 |
| Intangible Assets | $543M |
| Long-Term Investments | $0 |
| Tax Assets | $2M |
| Other Non-Current Assets | $24M |
| TOTAL NON-CURRENT ASSETS | $600M |
| TOTAL ASSETS | $764M |
| Account Payables | $39M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1M |
| TOTAL CURRENT LIABILITIES | $88M |
| Long-Term Debt | $139M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $7M |
| TOTAL NON-CURRENT LIABILITIES | $160M |
| TOTAL LIABILITIES | $248M |
| Common Stock | $10.0K |
| Additional Paid-In Capital | $841M |
| Retained Earnings | -$326M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $737.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $516M |
| Minority Interest | $0 |
| TOTAL EQUITY | $516M |
| TOTAL LIABILITIES & EQUITY | $764M |
| Total Debt | $155M |
| Net Debt | $89M |
