| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $320M | $325M | $274M | -1.3% | 16.9% |
| Op. Income | $56M | $54M | $44M | 2.8% | 28.1% |
| Gross Margin | 36.2% | 35.4% | 35.6% | 0.9pp | 0.7pp |
| Net Margin | 11.4% | 10.9% | 11.0% | 0.5pp | 0.4pp |
| EPS (Diluted) | $0.36 | $0.35 | $0.30 | 2.9% | 20.0% |
| Free Cash Flow | $59M | $46M | $42M | 27.4% | 40.7% |
| Item | Amount |
|---|---|
| REVENUE | $320M |
| Cost of Revenue | $204M |
| GROSS PROFIT | $116M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $60M |
| Other Expenses | $0 |
| Operating Expenses | $60M |
| Cost & Expenses | $265M |
| OPERATING INCOME | $56M |
| Interest Income | $484.0K |
| Interest Expense | $7M |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | $49M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $37M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $37M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $37M |
| D&A | $7M |
| EBIT | $56M |
| EBITDA | $63M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $320M |
| Cost of Revenue | $204M |
| GROSS PROFIT | $116M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $60M |
| Other Expenses | $0 |
| Operating Expenses | $60M |
| Cost & Expenses | $265M |
| OPERATING INCOME | $56M |
| Interest Income | $484.0K |
| Interest Expense | $7M |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | $49M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $37M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $37M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $37M |
| D&A | $7M |
| EBIT | $56M |
| EBITDA | $63M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $37M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | $1M |
| Change in Working Capital | $13M |
| OPERATING CASH FLOW | $61M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | -$40M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$104.0K |
| NET CASH FROM FINANCING | -$40M |
| FREE CASH FLOW | $59M |
| Net Change in Cash | $19M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $88M |
| Short-Term Investments | $0 |
| Net Receivables | $145M |
| Inventory | $117M |
| Other Current Assets | $16M |
| TOTAL CURRENT ASSETS | $372M |
| PP&E (Net) | $65M |
| Goodwill | $543M |
| Intangible Assets | $1.1B |
| Long-Term Investments | $0 |
| Tax Assets | $28M |
| Other Non-Current Assets | $9M |
| TOTAL NON-CURRENT ASSETS | $1.8B |
| TOTAL ASSETS | $2.1B |
| Account Payables | $53M |
| Short-Term Debt | $8M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $17M |
| TOTAL CURRENT LIABILITIES | $90M |
| Long-Term Debt | $282M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $144M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $464M |
| TOTAL LIABILITIES | $554M |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | $348M |
| Treasury Stock | -$78M |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.6B |
| TOTAL LIABILITIES & EQUITY | $2.1B |
| Total Debt | $328M |
| Net Debt | $240M |
