| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $378M | $395M | $477M | -4.2% | -20.7% |
| Op. Income | $32M | $49M | $91M | -34.3% | -64.3% |
| Gross Margin | 26.8% | 29.2% | 36.0% | -2.4pp | -9.2pp |
| Net Margin | 7.3% | 10.2% | 15.0% | -2.9pp | -7.7pp |
| EPS (Diluted) | $0.13 | $0.18 | $0.33 | -27.8% | -60.6% |
| Free Cash Flow | $4M | $63M | $67M | -94.0% | -94.4% |
| Item | Amount |
|---|---|
| REVENUE | $378M |
| Cost of Revenue | $277M |
| GROSS PROFIT | $101M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $40M |
| SG&A Expenses | $40M |
| Other Expenses | $29M |
| Operating Expenses | $69M |
| Cost & Expenses | $345M |
| OPERATING INCOME | $32M |
| Interest Income | $3M |
| Interest Expense | $234.0K |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $36M |
| Income Tax Expense | $8M |
| 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 | $30M |
| EBIT | $31M |
| EBITDA | $61M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $378M |
| Cost of Revenue | $277M |
| GROSS PROFIT | $101M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $40M |
| SG&A Expenses | $40M |
| Other Expenses | $29M |
| Operating Expenses | $69M |
| Cost & Expenses | $345M |
| OPERATING INCOME | $32M |
| Interest Income | $3M |
| Interest Expense | $234.0K |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $36M |
| Income Tax Expense | $8M |
| 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 | $30M |
| EBIT | $31M |
| EBITDA | $61M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $27M |
| Depreciation & Amortization | $30M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $730.0K |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | $57M |
| Capital Expenditure | -$53M |
| Acquisitions (Net) | $4M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$49M |
| Net Debt Issuance | -$185.0K |
| Common Stock Repurchased | -$10M |
| Common Dividends Paid | -$9M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$19M |
| FREE CASH FLOW | $4M |
| Net Change in Cash | -$11M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $212M |
| Short-Term Investments | $0 |
| Net Receivables | $376M |
| Inventory | $112M |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $713M |
| PP&E (Net) | $484M |
| Goodwill | $51M |
| Intangible Assets | $12M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $37M |
| TOTAL NON-CURRENT ASSETS | $584M |
| TOTAL ASSETS | $1.3B |
| Account Payables | $107M |
| Short-Term Debt | $8M |
| Deferred Revenue | $572.0K |
| Other Current Liabilities | $12M |
| TOTAL CURRENT LIABILITIES | $150M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $52M |
| Other Non-Current Liabilities | $43M |
| TOTAL NON-CURRENT LIABILITIES | $114M |
| TOTAL LIABILITIES | $264M |
| Common Stock | $21M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $1.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.0B |
| TOTAL LIABILITIES & EQUITY | $1.3B |
| Total Debt | $27M |
| Net Debt | -$185M |
