| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $277M | $301M | $270M | -8.1% | 2.7% |
| Op. Income | $56M | $95M | $56M | -40.9% | -0.8% |
| Gross Margin | 66.9% | 67.9% | 66.6% | -1.1pp | 0.3pp |
| Net Margin | 18.4% | 25.1% | 33.2% | -6.6pp | -14.8pp |
| EPS (Diluted) | $0.31 | $0.47 | $0.55 | -34.0% | -43.6% |
| Free Cash Flow | $46M | $73M | $47M | -36.9% | -1.6% |
| Item | Amount |
|---|---|
| REVENUE | $277M |
| Cost of Revenue | $92M |
| GROSS PROFIT | $185M |
| R&D Expenses | $24M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $105M |
| Other Expenses | $0 |
| Operating Expenses | $129M |
| Cost & Expenses | $221M |
| OPERATING INCOME | $56M |
| Interest Income | $890.0K |
| Interest Expense | $5M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | $50M |
| Income Tax Expense | -$1M |
| Net Income from Continuing Ops | $51M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $51M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $51M |
| D&A | $29M |
| EBIT | $54M |
| EBITDA | $83M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $277M |
| Cost of Revenue | $92M |
| GROSS PROFIT | $185M |
| R&D Expenses | $24M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $105M |
| Other Expenses | $0 |
| Operating Expenses | $129M |
| Cost & Expenses | $221M |
| OPERATING INCOME | $56M |
| Interest Income | $890.0K |
| Interest Expense | $5M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | $50M |
| Income Tax Expense | -$1M |
| Net Income from Continuing Ops | $51M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $51M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $51M |
| D&A | $29M |
| EBIT | $54M |
| EBITDA | $83M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $51M |
| Depreciation & Amortization | $29M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | -$12M |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$20M |
| OPERATING CASH FLOW | $59M |
| Capital Expenditure | -$14M |
| Acquisitions (Net) | -$166M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $24M |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | -$154M |
| Net Debt Issuance | $90M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$13M |
| Other Financing Activities | -$6M |
| NET CASH FROM FINANCING | $72M |
| FREE CASH FLOW | $46M |
| Net Change in Cash | -$32M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $149M |
| Short-Term Investments | $0 |
| Net Receivables | $205M |
| Inventory | $186M |
| Other Current Assets | $52M |
| TOTAL CURRENT ASSETS | $591M |
| PP&E (Net) | $334M |
| Goodwill | $969M |
| Intangible Assets | $579M |
| Long-Term Investments | $252M |
| Tax Assets | $0 |
| Other Non-Current Assets | $30M |
| TOTAL NON-CURRENT ASSETS | $2.2B |
| TOTAL ASSETS | $2.8B |
| Account Payables | $28M |
| Short-Term Debt | $0 |
| Deferred Revenue | $25M |
| Other Current Liabilities | $4M |
| TOTAL CURRENT LIABILITIES | $128M |
| Long-Term Debt | $440M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $83M |
| Other Non-Current Liabilities | $9M |
| TOTAL NON-CURRENT LIABILITIES | $630M |
| TOTAL LIABILITIES | $758M |
| Common Stock | $2M |
| Additional Paid-In Capital | $747M |
| Retained Earnings | $1.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$78M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.0B |
| TOTAL LIABILITIES & EQUITY | $2.8B |
| Total Debt | $550M |
| Net Debt | $401M |
