| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $357M | $330M | $373M | 7.9% | -4.5% |
| Op. Income | $20M | $19M | $21M | 10.6% | -0.2% |
| Gross Margin | 22.6% | 24.7% | 20.8% | -2.1pp | 1.9pp |
| Net Margin | 4.3% | 2.7% | 3.6% | 1.6pp | 0.7pp |
| EPS (Diluted) | $0.56 | $0.33 | $0.48 | 69.7% | 16.7% |
| Free Cash Flow | -$51M | $33M | -$5M | -255.2% | -852.1% |
| Item | Amount |
|---|---|
| REVENUE | $357M |
| Cost of Revenue | $276M |
| GROSS PROFIT | $81M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $57M |
| Other Expenses | $277.0K |
| Operating Expenses | $57M |
| Cost & Expenses | $336M |
| OPERATING INCOME | $20M |
| Interest Income | $0 |
| Interest Expense | $476.0K |
| Other Income/Expenses | $97.0K |
| INCOME BEFORE TAX | $21M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $15M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $15M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $15M |
| D&A | $3M |
| EBIT | $20M |
| EBITDA | $23M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $357M |
| Cost of Revenue | $276M |
| GROSS PROFIT | $81M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $57M |
| Other Expenses | $277.0K |
| Operating Expenses | $57M |
| Cost & Expenses | $336M |
| OPERATING INCOME | $20M |
| Interest Income | $0 |
| Interest Expense | $476.0K |
| Other Income/Expenses | $97.0K |
| INCOME BEFORE TAX | $21M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $15M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $15M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $15M |
| D&A | $3M |
| EBIT | $20M |
| EBITDA | $23M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $15M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | -$28.0K |
| Change in Working Capital | -$69M |
| OPERATING CASH FLOW | -$49M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$30M |
| NET CASH FROM INVESTING | -$32M |
| Net Debt Issuance | $30M |
| Common Stock Repurchased | -$10M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$500.0K |
| NET CASH FROM FINANCING | $20M |
| FREE CASH FLOW | -$51M |
| Net Change in Cash | -$61M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $57M |
| Short-Term Investments | $0 |
| Net Receivables | $429M |
| Inventory | $52M |
| Other Current Assets | $15M |
| TOTAL CURRENT ASSETS | $572M |
| PP&E (Net) | $18M |
| Goodwill | $76M |
| Intangible Assets | $25M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $70M |
| TOTAL NON-CURRENT ASSETS | $189M |
| TOTAL ASSETS | $760M |
| Account Payables | $99M |
| Short-Term Debt | $172M |
| Deferred Revenue | $36M |
| Other Current Liabilities | $16M |
| TOTAL CURRENT LIABILITIES | $346M |
| Long-Term Debt | $12M |
| Deferred Revenue NC | $12M |
| Deferred Tax Liabilities | $2M |
| Other Non-Current Liabilities | $8M |
| TOTAL NON-CURRENT LIABILITIES | $34M |
| TOTAL LIABILITIES | $381M |
| Common Stock | $143.0K |
| Additional Paid-In Capital | $132M |
| Retained Earnings | $293M |
| Treasury Stock | -$45M |
| Accum. Other Comp. Income | -$125.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $380M |
| Minority Interest | $0 |
| TOTAL EQUITY | $380M |
| TOTAL LIABILITIES & EQUITY | $760M |
| Total Debt | $184M |
| Net Debt | $127M |
