| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $512M | $481M | $472M | 6.5% | 8.6% |
| Op. Income | $67M | $48M | $45M | 40.3% | 48.9% |
| Gross Margin | 40.1% | 40.3% | 38.5% | -0.1pp | 1.7pp |
| Net Margin | 10.6% | 8.1% | 6.5% | 2.5pp | 4.0pp |
| EPS (Diluted) | $1.26 | $0.91 | $0.73 | 38.5% | 72.6% |
| Free Cash Flow | $57M | $134M | $64M | -57.5% | -10.1% |
| Item | Amount |
|---|---|
| REVENUE | $512M |
| Cost of Revenue | $307M |
| GROSS PROFIT | $206M |
| R&D Expenses | $29M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $109M |
| Other Expenses | $0 |
| Operating Expenses | $139M |
| Cost & Expenses | $445M |
| OPERATING INCOME | $67M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$339.0K |
| INCOME BEFORE TAX | $67M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $54M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $54M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $54M |
| D&A | $40M |
| EBIT | $69M |
| EBITDA | $109M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $512M |
| Cost of Revenue | $307M |
| GROSS PROFIT | $206M |
| R&D Expenses | $29M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $109M |
| Other Expenses | $0 |
| Operating Expenses | $139M |
| Cost & Expenses | $445M |
| OPERATING INCOME | $67M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$339.0K |
| INCOME BEFORE TAX | $67M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $54M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $54M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $54M |
| D&A | $40M |
| EBIT | $69M |
| EBITDA | $109M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $54M |
| Depreciation & Amortization | $43M |
| Stock-Based Compensation | $27M |
| Deferred Income Tax | -$24M |
| Other Non-Cash Items | -$35.0K |
| Change in Working Capital | -$27M |
| OPERATING CASH FLOW | $72M |
| Capital Expenditure | -$15M |
| Acquisitions (Net) | -$1M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $3M |
| Other Investing Activities | $18.0K |
| NET CASH FROM INVESTING | -$13M |
| Net Debt Issuance | -$50M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$36M |
| FREE CASH FLOW | $57M |
| Net Change in Cash | $23M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $188M |
| Short-Term Investments | $9M |
| Net Receivables | $542M |
| Inventory | $0 |
| Other Current Assets | $9M |
| TOTAL CURRENT ASSETS | $824M |
| PP&E (Net) | $205M |
| Goodwill | $2.5B |
| Intangible Assets | $971M |
| Long-Term Investments | $5M |
| Tax Assets | $0 |
| Other Non-Current Assets | $70M |
| TOTAL NON-CURRENT ASSETS | $3.8B |
| TOTAL ASSETS | $4.6B |
| Account Payables | $145M |
| Short-Term Debt | $0 |
| Deferred Revenue | $572M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $873M |
| Long-Term Debt | $597M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $54M |
| Other Non-Current Liabilities | $24M |
| TOTAL NON-CURRENT LIABILITIES | $713M |
| TOTAL LIABILITIES | $1.6B |
| Common Stock | $481.0K |
| Additional Paid-In Capital | $1.4B |
| Retained Earnings | $1.7B |
| Treasury Stock | -$20M |
| Accum. Other Comp. Income | -$273.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.0B |
| TOTAL LIABILITIES & EQUITY | $4.6B |
| Total Debt | $645M |
| Net Debt | $457M |
