| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $231M | $255M | $233M | -9.3% | -0.5% |
| Op. Income | -$726.0K | $24M | $14M | -103.1% | -105.3% |
| Gross Margin | 29.3% | 30.1% | 29.5% | -0.8pp | -0.2pp |
| Net Margin | -3.5% | 4.5% | 1.7% | -8.0pp | -5.1pp |
| EPS (Diluted) | $-0.20 | $0.28 | $0.10 | -171.4% | -300.0% |
| Free Cash Flow | $9M | $9M | -$34M | -6.7% | 125.8% |
| Item | Amount |
|---|---|
| REVENUE | $231M |
| Cost of Revenue | $164M |
| GROSS PROFIT | $68M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $68M |
| Other Expenses | $0 |
| Operating Expenses | $68M |
| Cost & Expenses | $232M |
| OPERATING INCOME | -$726.0K |
| Interest Income | $1M |
| Interest Expense | $9M |
| Other Income/Expenses | -$11M |
| INCOME BEFORE TAX | -$12M |
| Income Tax Expense | -$4M |
| 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 | $9M |
| EBIT | -$7M |
| EBITDA | $2M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$8M |
| Depreciation & Amortization | $9M |
| Stock-Based Compensation | $81.0K |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | $15M |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | $16M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$17M |
| Sales/Maturities of Investments | $9M |
| Other Investing Activities | $124.0K |
| NET CASH FROM INVESTING | -$15M |
| Net Debt Issuance | $8M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$5M |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | $1M |
| FREE CASH FLOW | $9M |
| Net Change in Cash | $2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $43M |
| Short-Term Investments | $48M |
| Net Receivables | $149M |
| Inventory | $279M |
| Other Current Assets | $65M |
| TOTAL CURRENT ASSETS | $584M |
| PP&E (Net) | $230M |
| Goodwill | $53M |
| Intangible Assets | $52M |
| Long-Term Investments | $12M |
| Tax Assets | $9M |
| Other Non-Current Assets | $24M |
| TOTAL NON-CURRENT ASSETS | $380M |
| TOTAL ASSETS | $965M |
| Account Payables | $77M |
| Short-Term Debt | $24M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $46M |
| TOTAL CURRENT LIABILITIES | $172M |
| Long-Term Debt | $459M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $13M |
| Other Non-Current Liabilities | $19M |
| TOTAL NON-CURRENT LIABILITIES | $519M |
| TOTAL LIABILITIES | $691M |
| Common Stock | $4.0K |
| Additional Paid-In Capital | $136M |
| Retained Earnings | $248M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$111M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $273M |
| Minority Interest | $0 |
| TOTAL EQUITY | $273M |
| TOTAL LIABILITIES & EQUITY | $965M |
| Total Debt | $518M |
| Net Debt | $475M |
