| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $386M | $370M | $408M | 4.1% | -5.5% |
| Op. Income | $47M | $46M | $96M | 3.2% | -50.7% |
| Gross Margin | 85.2% | 84.5% | 26.4% | 0.7pp | 58.8pp |
| Net Margin | 6.9% | 28.9% | 17.2% | -22.0pp | -10.2pp |
| EPS (Diluted) | $1.85 | $7.17 | $4.07 | -74.2% | -54.6% |
| Free Cash Flow | $7M | $71M | -$16M | -89.6% | 144.6% |
| Item | Amount |
|---|---|
| REVENUE | $386M |
| Cost of Revenue | $57M |
| GROSS PROFIT | $329M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $33M |
| SG&A Expenses | $33M |
| Other Expenses | $248M |
| Operating Expenses | $281M |
| Cost & Expenses | $338M |
| OPERATING INCOME | $47M |
| Interest Income | $0 |
| Interest Expense | $13M |
| Other Income/Expenses | -$11M |
| INCOME BEFORE TAX | $36M |
| Income Tax Expense | $10M |
| 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 | $57M |
| EBIT | $50M |
| EBITDA | $107M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $386M |
| Cost of Revenue | $57M |
| GROSS PROFIT | $329M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $33M |
| SG&A Expenses | $33M |
| Other Expenses | $248M |
| Operating Expenses | $281M |
| Cost & Expenses | $338M |
| OPERATING INCOME | $47M |
| Interest Income | $0 |
| Interest Expense | $13M |
| Other Income/Expenses | -$11M |
| INCOME BEFORE TAX | $36M |
| Income Tax Expense | $10M |
| 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 | $57M |
| EBIT | $50M |
| EBITDA | $107M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $27M |
| Depreciation & Amortization | $57M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$3M |
| Change in Working Capital | -$38M |
| OPERATING CASH FLOW | $48M |
| Capital Expenditure | -$41M |
| Acquisitions (Net) | $4M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$18M |
| NET CASH FROM INVESTING | -$55M |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | -$7M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$10M |
| FREE CASH FLOW | $7M |
| Net Change in Cash | -$17M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $23M |
| Short-Term Investments | $0 |
| Net Receivables | $316M |
| Inventory | $26M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $365M |
| PP&E (Net) | $1.8B |
| Goodwill | $0 |
| Intangible Assets | $12M |
| Long-Term Investments | $4M |
| Tax Assets | $37M |
| Other Non-Current Assets | $8M |
| TOTAL NON-CURRENT ASSETS | $1.8B |
| TOTAL ASSETS | $2.2B |
| Account Payables | $195M |
| Short-Term Debt | $2M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $213M |
| Long-Term Debt | $683M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $56M |
| TOTAL NON-CURRENT LIABILITIES | $782M |
| TOTAL LIABILITIES | $995M |
| Common Stock | $1.7B |
| Additional Paid-In Capital | $54M |
| Retained Earnings | -$713M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $117M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.2B |
| TOTAL LIABILITIES & EQUITY | $2.2B |
| Total Debt | $741M |
| Net Debt | $719M |
