| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $309M | $320M | $301M | -3.7% | 2.6% |
| Op. Income | $52M | $56M | $52M | -7.0% | -1.3% |
| Gross Margin | 35.9% | 36.2% | 35.5% | -0.3pp | 0.4pp |
| Net Margin | 11.5% | 11.4% | 11.9% | 0.1pp | -0.4pp |
| EPS (Diluted) | $0.35 | $0.36 | $0.36 | -2.8% | -2.8% |
| Free Cash Flow | $47M | $59M | $8M | -20.2% | 518.2% |
| Item | Amount |
|---|---|
| REVENUE | $309M |
| Cost of Revenue | $198M |
| GROSS PROFIT | $111M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $59M |
| Other Expenses | $0 |
| Operating Expenses | $59M |
| Cost & Expenses | $257M |
| OPERATING INCOME | $52M |
| Interest Income | $1M |
| Interest Expense | $6M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | $47M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $36M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $36M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $36M |
| D&A | $7M |
| EBIT | $53M |
| EBITDA | $60M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $309M |
| Cost of Revenue | $198M |
| GROSS PROFIT | $111M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $59M |
| Other Expenses | $0 |
| Operating Expenses | $59M |
| Cost & Expenses | $257M |
| OPERATING INCOME | $52M |
| Interest Income | $1M |
| Interest Expense | $6M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | $47M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $36M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $36M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $36M |
| D&A | $7M |
| EBIT | $53M |
| EBITDA | $60M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $36M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $4M |
| Other Non-Cash Items | $511.0K |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | $48M |
| Capital Expenditure | -$744.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$800.0K |
| Net Debt Issuance | -$10M |
| Common Stock Repurchased | -$4M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $600.0K |
| NET CASH FROM FINANCING | -$13M |
| FREE CASH FLOW | $47M |
| Net Change in Cash | $34M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $121M |
| Short-Term Investments | $0 |
| Net Receivables | $136M |
| Inventory | $123M |
| Other Current Assets | $10M |
| TOTAL CURRENT ASSETS | $397M |
| PP&E (Net) | $62M |
| Goodwill | $543M |
| Intangible Assets | $1.1B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $9M |
| TOTAL NON-CURRENT ASSETS | $1.7B |
| TOTAL ASSETS | $2.1B |
| Account Payables | $43M |
| Short-Term Debt | $8M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $28M |
| TOTAL CURRENT LIABILITIES | $79M |
| Long-Term Debt | $272M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $120M |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $429M |
| TOTAL LIABILITIES | $508M |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | $384M |
| Treasury Stock | -$78M |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.6B |
| TOTAL LIABILITIES & EQUITY | $2.1B |
| Total Debt | $315M |
| Net Debt | $194M |
