| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $403M | $492M | $465M | -18.1% | -13.4% |
| Op. Income | -$16M | -$9M | -$6M | -79.8% | -161.0% |
| Gross Margin | 24.7% | 26.1% | 26.5% | -1.4pp | -1.8pp |
| Net Margin | -0.4% | -0.5% | -0.9% | 0.1pp | 0.5pp |
| EPS (Diluted) | $-0.05 | $-0.08 | $-0.13 | 37.5% | 61.5% |
| Free Cash Flow | -$22M | $7M | $1M | -408.6% | -2120.0% |
| Item | Amount |
|---|---|
| REVENUE | $403M |
| Cost of Revenue | $303M |
| GROSS PROFIT | $99M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $107M |
| Other Expenses | $8M |
| Operating Expenses | $115M |
| Cost & Expenses | $418M |
| OPERATING INCOME | -$16M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$14M |
| Income Tax Expense | -$12M |
| Net Income from Continuing Ops | -$2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$2M |
| D&A | $8M |
| EBIT | -$16M |
| EBITDA | -$8M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$12M |
| Other Non-Cash Items | $426.0K |
| Change in Working Capital | -$11M |
| OPERATING CASH FLOW | -$14M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $3M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $3M |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | $919.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$12M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$14M |
| FREE CASH FLOW | -$22M |
| Net Change in Cash | -$28M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $36M |
| Short-Term Investments | $0 |
| Net Receivables | $254M |
| Inventory | $0 |
| Other Current Assets | $6M |
| TOTAL CURRENT ASSETS | $315M |
| PP&E (Net) | $155M |
| Goodwill | $84M |
| Intangible Assets | $9M |
| Long-Term Investments | $152M |
| Tax Assets | $51M |
| Other Non-Current Assets | $102M |
| TOTAL NON-CURRENT ASSETS | $553M |
| TOTAL ASSETS | $869M |
| Account Payables | $44M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $47M |
| TOTAL CURRENT LIABILITIES | $184M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $188M |
| TOTAL NON-CURRENT LIABILITIES | $238M |
| TOTAL LIABILITIES | $422M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $467M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$21M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $446M |
| Minority Interest | $0 |
| TOTAL EQUITY | $446M |
| TOTAL LIABILITIES & EQUITY | $869M |
| Total Debt | $62M |
| Net Debt | $26M |
