| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $213M | $205M | $244M | 4.3% | -12.5% |
| Op. Income | $12M | $31M | -$300.0K | -61.6% | 4000.0% |
| Gross Margin | 32.0% | 32.9% | 32.7% | -1.0pp | -0.7pp |
| Net Margin | 3.7% | 11.3% | -1.4% | -7.7pp | 5.1pp |
| EPS (Diluted) | $0.42 | $1.24 | $-0.19 | -66.1% | 321.1% |
| Free Cash Flow | $19M | $49M | -$15M | -62.1% | 228.1% |
| Item | Amount |
|---|---|
| REVENUE | $213M |
| Cost of Revenue | $145M |
| GROSS PROFIT | $68M |
| R&D Expenses | $9M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $48M |
| Other Expenses | $100.0K |
| Operating Expenses | $57M |
| Cost & Expenses | $202M |
| OPERATING INCOME | $12M |
| Interest Income | $100.0K |
| Interest Expense | $900.0K |
| Other Income/Expenses | -$100.0K |
| 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 | $11M |
| EBIT | $12M |
| EBITDA | $23M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $213M |
| Cost of Revenue | $145M |
| GROSS PROFIT | $68M |
| R&D Expenses | $9M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $48M |
| Other Expenses | $100.0K |
| Operating Expenses | $57M |
| Cost & Expenses | $202M |
| OPERATING INCOME | $12M |
| Interest Income | $100.0K |
| Interest Expense | $900.0K |
| Other Income/Expenses | -$100.0K |
| 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 | $11M |
| EBIT | $12M |
| EBITDA | $23M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $8M |
| Depreciation & Amortization | $11M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | -$6M |
| Other Non-Cash Items | $5M |
| Change in Working Capital | $6M |
| OPERATING CASH FLOW | $28M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$9M |
| Net Debt Issuance | -$30M |
| Common Stock Repurchased | -$300.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$32M |
| FREE CASH FLOW | $19M |
| Net Change in Cash | -$15M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $115M |
| Short-Term Investments | $0 |
| Net Receivables | $204M |
| Inventory | $151M |
| Other Current Assets | $32M |
| TOTAL CURRENT ASSETS | $501M |
| PP&E (Net) | $382M |
| Goodwill | $357M |
| Intangible Assets | $120M |
| Long-Term Investments | $11M |
| Tax Assets | $56M |
| Other Non-Current Assets | $61M |
| TOTAL NON-CURRENT ASSETS | $987M |
| TOTAL ASSETS | $1.5B |
| Account Payables | $52M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $35M |
| TOTAL CURRENT LIABILITIES | $117M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $23M |
| Other Non-Current Liabilities | $73M |
| TOTAL NON-CURRENT LIABILITIES | $111M |
| TOTAL LIABILITIES | $228M |
| Common Stock | $19M |
| Additional Paid-In Capital | $154M |
| Retained Earnings | $1.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$76M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.3B |
| TOTAL LIABILITIES & EQUITY | $1.5B |
| Total Debt | $19M |
| Net Debt | -$96M |
