| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $126M | $146M | $152M | -13.5% | -17.2% |
| Op. Income | $46M | $68M | $64M | -31.8% | -28.1% |
| Gross Margin | 49.3% | 59.4% | 55.0% | -10.1pp | -5.7pp |
| Net Margin | 30.0% | 31.2% | 20.7% | -1.2pp | 9.3pp |
| EPS (Diluted) | $0.29 | $0.43 | $0.31 | -32.6% | -6.5% |
| Free Cash Flow | $31M | $36M | $11M | -13.9% | 176.5% |
| Item | Amount |
|---|---|
| REVENUE | $126M |
| Cost of Revenue | $64M |
| GROSS PROFIT | $62M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $12M |
| Other Expenses | $4M |
| Operating Expenses | $16M |
| Cost & Expenses | $80M |
| OPERATING INCOME | $46M |
| Interest Income | $1M |
| Interest Expense | $6M |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $48M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $38M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $38M |
| Net Income Deductions | $9M |
| BOTTOM LINE NET INCOME | $29M |
| D&A | $19M |
| EBIT | $54M |
| EBITDA | $73M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $126M |
| Cost of Revenue | $64M |
| GROSS PROFIT | $62M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $12M |
| Other Expenses | $4M |
| Operating Expenses | $16M |
| Cost & Expenses | $80M |
| OPERATING INCOME | $46M |
| Interest Income | $1M |
| Interest Expense | $6M |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $48M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $38M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $38M |
| Net Income Deductions | $9M |
| BOTTOM LINE NET INCOME | $29M |
| D&A | $19M |
| EBIT | $54M |
| EBITDA | $73M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $38M |
| Depreciation & Amortization | $19M |
| Stock-Based Compensation | -$3M |
| Deferred Income Tax | $5M |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | -$19M |
| OPERATING CASH FLOW | $38M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$7M |
| Net Debt Issuance | -$28M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | -$32M |
| FREE CASH FLOW | $31M |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $104M |
| Short-Term Investments | $0 |
| Net Receivables | $67M |
| Inventory | $0 |
| Other Current Assets | $9M |
| TOTAL CURRENT ASSETS | $181M |
| PP&E (Net) | $403M |
| Goodwill | $41M |
| Intangible Assets | $67M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $514M |
| TOTAL ASSETS | $694M |
| Account Payables | $21M |
| Short-Term Debt | $0 |
| Deferred Revenue | $2M |
| Other Current Liabilities | $10M |
| TOTAL CURRENT LIABILITIES | $70M |
| Long-Term Debt | $178M |
| Deferred Revenue NC | $4M |
| Deferred Tax Liabilities | $53M |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $247M |
| TOTAL LIABILITIES | $317M |
| Common Stock | $10.0K |
| Additional Paid-In Capital | $142M |
| Retained Earnings | $261M |
| Treasury Stock | -$24M |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $377M |
| Minority Interest | $0 |
| TOTAL EQUITY | $377M |
| TOTAL LIABILITIES & EQUITY | $694M |
| Total Debt | $201M |
| Net Debt | $97M |
