| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $205M | $229M | $224M | -10.7% | -8.6% |
| Op. Income | $31M | $27M | $83M | 12.1% | -63.1% |
| Gross Margin | 32.9% | 35.1% | 31.7% | -2.2pp | 1.2pp |
| Net Margin | 11.3% | 8.3% | 30.1% | 3.0pp | -18.7pp |
| EPS (Diluted) | $1.24 | $1.02 | $3.58 | 21.6% | -65.4% |
| Free Cash Flow | $49M | $36M | $98M | 39.2% | -49.5% |
| Item | Amount |
|---|---|
| REVENUE | $205M |
| Cost of Revenue | $137M |
| GROSS PROFIT | $67M |
| R&D Expenses | $10M |
| Selling & Marketing | $4M |
| General & Administrative | $49M |
| SG&A Expenses | $52M |
| Other Expenses | -$25M |
| Operating Expenses | $37M |
| Cost & Expenses | $174M |
| OPERATING INCOME | $31M |
| Interest Income | $222.0K |
| Interest Expense | $2M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $29M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $23M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $23M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $23M |
| D&A | $11M |
| EBIT | $5M |
| EBITDA | $16M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $205M |
| Cost of Revenue | $137M |
| GROSS PROFIT | $67M |
| R&D Expenses | $10M |
| Selling & Marketing | $4M |
| General & Administrative | $49M |
| SG&A Expenses | $52M |
| Other Expenses | -$25M |
| Operating Expenses | $37M |
| Cost & Expenses | $174M |
| OPERATING INCOME | $31M |
| Interest Income | $222.0K |
| Interest Expense | $2M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $29M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $23M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $23M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $23M |
| D&A | $11M |
| EBIT | $5M |
| EBITDA | $16M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $23M |
| Depreciation & Amortization | $11M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$3M |
| Change in Working Capital | $37M |
| OPERATING CASH FLOW | $72M |
| Capital Expenditure | -$23M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $5M |
| NET CASH FROM INVESTING | -$18M |
| Net Debt Issuance | -$50M |
| Common Stock Repurchased | -$600.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$51M |
| FREE CASH FLOW | $49M |
| Net Change in Cash | $5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $132M |
| Short-Term Investments | $0 |
| Net Receivables | $211M |
| Inventory | $154M |
| Other Current Assets | $30M |
| TOTAL CURRENT ASSETS | $527M |
| PP&E (Net) | $385M |
| Goodwill | $360M |
| Intangible Assets | $124M |
| Long-Term Investments | $11M |
| Tax Assets | $50M |
| Other Non-Current Assets | $61M |
| TOTAL NON-CURRENT ASSETS | $990M |
| TOTAL ASSETS | $1.5B |
| Account Payables | $50M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $37M |
| TOTAL CURRENT LIABILITIES | $116M |
| Long-Term Debt | $30M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $23M |
| Other Non-Current Liabilities | $74M |
| TOTAL NON-CURRENT LIABILITIES | $142M |
| TOTAL LIABILITIES | $258M |
| Common Stock | $19M |
| Additional Paid-In Capital | $152M |
| Retained Earnings | $1.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$66M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.3B |
| TOTAL LIABILITIES & EQUITY | $1.5B |
| Total Debt | $49M |
| Net Debt | -$83M |
