| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $107M | $126M | $148M | -15.5% | -27.8% |
| Op. Income | $30M | $46M | $62M | -34.1% | -50.9% |
| Gross Margin | 46.0% | 49.3% | 55.4% | -3.3pp | -9.4pp |
| Net Margin | 19.1% | 30.0% | 29.6% | -10.9pp | -10.5pp |
| EPS (Diluted) | $0.20 | $0.29 | $0.41 | -31.0% | -51.2% |
| Free Cash Flow | $42M | $31M | -$9M | 34.2% | 538.8% |
| Item | Amount |
|---|---|
| REVENUE | $107M |
| Cost of Revenue | $58M |
| GROSS PROFIT | $49M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $15M |
| Other Expenses | $4M |
| Operating Expenses | $19M |
| Cost & Expenses | $76M |
| OPERATING INCOME | $30M |
| Interest Income | $1M |
| Interest Expense | $6M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | $27M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $20M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $20M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $20M |
| D&A | $19M |
| EBIT | $32M |
| EBITDA | $51M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $107M |
| Cost of Revenue | $58M |
| GROSS PROFIT | $49M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $15M |
| Other Expenses | $4M |
| Operating Expenses | $19M |
| Cost & Expenses | $76M |
| OPERATING INCOME | $30M |
| Interest Income | $1M |
| Interest Expense | $6M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | $27M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $20M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $20M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $20M |
| D&A | $19M |
| EBIT | $32M |
| EBITDA | $51M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $20M |
| Depreciation & Amortization | $19M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$874.0K |
| Other Non-Cash Items | $3M |
| Change in Working Capital | $7M |
| OPERATING CASH FLOW | $51M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $42.0K |
| NET CASH FROM INVESTING | -$9M |
| Net Debt Issuance | -$407.0K |
| Common Stock Repurchased | -$21M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $271.0K |
| NET CASH FROM FINANCING | -$21M |
| FREE CASH FLOW | $42M |
| Net Change in Cash | $20M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $124M |
| Short-Term Investments | $0 |
| Net Receivables | $54M |
| Inventory | $0 |
| Other Current Assets | $8M |
| TOTAL CURRENT ASSETS | $186M |
| PP&E (Net) | $395M |
| Goodwill | $41M |
| Intangible Assets | $63M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $501M |
| TOTAL ASSETS | $687M |
| Account Payables | $17M |
| Short-Term Debt | $0 |
| Deferred Revenue | $2M |
| Other Current Liabilities | $7M |
| TOTAL CURRENT LIABILITIES | $67M |
| Long-Term Debt | $179M |
| Deferred Revenue NC | $3M |
| Deferred Tax Liabilities | $52M |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $245M |
| TOTAL LIABILITIES | $312M |
| Common Stock | $10.0K |
| Additional Paid-In Capital | $142M |
| Retained Earnings | $281M |
| Treasury Stock | -$45M |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $376M |
| Minority Interest | $0 |
| TOTAL EQUITY | $376M |
| TOTAL LIABILITIES & EQUITY | $687M |
| Total Debt | $199M |
| Net Debt | $74M |
