| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $442M | $510M | $358M | -13.4% | 23.3% |
| Op. Income | $57M | $106M | $28M | -46.5% | 105.4% |
| Gross Margin | 69.5% | 70.9% | 67.2% | -1.4pp | 2.3pp |
| Net Margin | 11.7% | 20.3% | 6.6% | -8.6pp | 5.0pp |
| EPS (Diluted) | $0.73 | $1.48 | $0.34 | -50.7% | 114.7% |
| Free Cash Flow | $64M | $47M | -$37M | 34.7% | 273.8% |
| Item | Amount |
|---|---|
| REVENUE | $442M |
| Cost of Revenue | $135M |
| GROSS PROFIT | $307M |
| R&D Expenses | $50M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $200M |
| Other Expenses | $0 |
| Operating Expenses | $250M |
| Cost & Expenses | $385M |
| OPERATING INCOME | $57M |
| Interest Income | $9M |
| Interest Expense | $11M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $55M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $52M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $52M |
| Net Income Deductions | -$3M |
| BOTTOM LINE NET INCOME | $54M |
| D&A | $19M |
| EBIT | $66M |
| EBITDA | $84M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $442M |
| Cost of Revenue | $135M |
| GROSS PROFIT | $307M |
| R&D Expenses | $50M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $200M |
| Other Expenses | $0 |
| Operating Expenses | $250M |
| Cost & Expenses | $385M |
| OPERATING INCOME | $57M |
| Interest Income | $9M |
| Interest Expense | $11M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $55M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $52M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $52M |
| Net Income Deductions | -$3M |
| BOTTOM LINE NET INCOME | $54M |
| D&A | $19M |
| EBIT | $66M |
| EBITDA | $84M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $52M |
| Depreciation & Amortization | $19M |
| Stock-Based Compensation | $14M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$200.0K |
| OPERATING CASH FLOW | $88M |
| Capital Expenditure | -$24M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$24M |
| Net Debt Issuance | -$15M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$5M |
| NET CASH FROM FINANCING | -$14M |
| FREE CASH FLOW | $64M |
| Net Change in Cash | $47M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $697M |
| Short-Term Investments | $54M |
| Net Receivables | $321M |
| Inventory | $431M |
| Other Current Assets | $99M |
| TOTAL CURRENT ASSETS | $1.6B |
| PP&E (Net) | $668M |
| Goodwill | $52M |
| Intangible Assets | $99M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $205M |
| TOTAL NON-CURRENT ASSETS | $1.0B |
| TOTAL ASSETS | $2.6B |
| Account Payables | $76M |
| Short-Term Debt | $39M |
| Deferred Revenue | $18M |
| Other Current Liabilities | $235M |
| TOTAL CURRENT LIABILITIES | $432M |
| Long-Term Debt | $1.4B |
| Deferred Revenue NC | $2M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $36M |
| TOTAL NON-CURRENT LIABILITIES | $1.4B |
| TOTAL LIABILITIES | $1.8B |
| Common Stock | $100.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | -$327M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$500.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $791M |
| Minority Interest | $0 |
| TOTAL EQUITY | $791M |
| TOTAL LIABILITIES & EQUITY | $2.6B |
| Total Debt | $1.4B |
| Net Debt | $705M |
