| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $600M | $671M | $618M | -10.6% | -2.9% |
| Op. Income | $78M | $124M | $93M | -37.4% | -16.3% |
| Gross Margin | 56.6% | 56.6% | 57.7% | -0.0pp | -1.2pp |
| Net Margin | 10.7% | 17.5% | 13.5% | -6.8pp | -2.8pp |
| EPS (Diluted) | $0.40 | $0.72 | $0.50 | -44.4% | -20.0% |
| Free Cash Flow | -$37M | $204M | -$22M | -118.0% | -66.2% |
| Item | Amount |
|---|---|
| REVENUE | $600M |
| Cost of Revenue | $261M |
| GROSS PROFIT | $339M |
| R&D Expenses | $103M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $149M |
| Other Expenses | $9M |
| Operating Expenses | $262M |
| Cost & Expenses | $522M |
| OPERATING INCOME | $78M |
| Interest Income | $8M |
| Interest Expense | $661.0K |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | $73M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $64M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $64M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $64M |
| D&A | $28M |
| EBIT | $74M |
| EBITDA | $102M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $600M |
| Cost of Revenue | $261M |
| GROSS PROFIT | $339M |
| R&D Expenses | $103M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $149M |
| Other Expenses | $9M |
| Operating Expenses | $262M |
| Cost & Expenses | $522M |
| OPERATING INCOME | $78M |
| Interest Income | $8M |
| Interest Expense | $661.0K |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | $73M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $64M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $64M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $64M |
| D&A | $28M |
| EBIT | $74M |
| EBITDA | $102M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $64M |
| Depreciation & Amortization | $28M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$10M |
| Other Non-Cash Items | $33M |
| Change in Working Capital | -$109M |
| OPERATING CASH FLOW | $7M |
| Capital Expenditure | -$44M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$16M |
| Sales/Maturities of Investments | $35M |
| Other Investing Activities | $873.0K |
| NET CASH FROM INVESTING | -$24M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$22M |
| Common Dividends Paid | -$18M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$37M |
| FREE CASH FLOW | -$37M |
| Net Change in Cash | -$50M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $707M |
| Short-Term Investments | $41M |
| Net Receivables | $426M |
| Inventory | $806M |
| Other Current Assets | $38M |
| TOTAL CURRENT ASSETS | $2.1B |
| PP&E (Net) | $532M |
| Goodwill | $408M |
| Intangible Assets | $30M |
| Long-Term Investments | $122M |
| Tax Assets | $186M |
| Other Non-Current Assets | $68M |
| TOTAL NON-CURRENT ASSETS | $1.3B |
| TOTAL ASSETS | $3.4B |
| Account Payables | $154M |
| Short-Term Debt | $17M |
| Deferred Revenue | $100M |
| Other Current Liabilities | $106M |
| TOTAL CURRENT LIABILITIES | $554M |
| Long-Term Debt | $66M |
| Deferred Revenue NC | $35M |
| Deferred Tax Liabilities | $134.0K |
| Other Non-Current Liabilities | $132M |
| TOTAL NON-CURRENT LIABILITIES | $299M |
| TOTAL LIABILITIES | $853M |
| Common Stock | $19M |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | $730M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$40M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.6B |
| TOTAL LIABILITIES & EQUITY | $3.4B |
| Total Debt | $149M |
| Net Debt | -$559M |
