| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $373M | — | $333M | — | 12.2% |
| Op. Income | $63M | — | $29M | — | 114.3% |
| Gross Margin | 36.1% | — | 35.7% | — | 0.4pp |
| Net Margin | 8.5% | — | 24.6% | — | -16.1pp |
| EPS (Diluted) | $0.24 | — | $0.46 | — | -47.8% |
| Free Cash Flow | -$22M | — | -$49M | — | 53.9% |
| Item | Amount |
|---|---|
| REVENUE | $373M |
| Cost of Revenue | $239M |
| GROSS PROFIT | $135M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $78M |
| SG&A Expenses | $78M |
| Other Expenses | -$6M |
| Operating Expenses | $72M |
| Cost & Expenses | $311M |
| OPERATING INCOME | $63M |
| Interest Income | $0 |
| Interest Expense | $14M |
| Other Income/Expenses | -$17M |
| INCOME BEFORE TAX | $46M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $34M |
| Net Income from Discontinued Ops | -$2M |
| Other Adjustments | $0 |
| NET INCOME | $32M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $32M |
| D&A | $25M |
| EBIT | $59M |
| EBITDA | $84M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $373M |
| Cost of Revenue | $239M |
| GROSS PROFIT | $135M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $78M |
| SG&A Expenses | $78M |
| Other Expenses | -$6M |
| Operating Expenses | $72M |
| Cost & Expenses | $311M |
| OPERATING INCOME | $63M |
| Interest Income | $0 |
| Interest Expense | $14M |
| Other Income/Expenses | -$17M |
| INCOME BEFORE TAX | $46M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $34M |
| Net Income from Discontinued Ops | -$2M |
| Other Adjustments | $0 |
| NET INCOME | $32M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $32M |
| D&A | $25M |
| EBIT | $59M |
| EBITDA | $84M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $32M |
| Depreciation & Amortization | $25M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$40M |
| OPERATING CASH FLOW | $20M |
| Capital Expenditure | -$42M |
| Acquisitions (Net) | -$8M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $230M |
| Other Investing Activities | -$7M |
| NET CASH FROM INVESTING | $172M |
| Net Debt Issuance | -$6M |
| Common Stock Repurchased | -$172M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$7M |
| NET CASH FROM FINANCING | -$185M |
| FREE CASH FLOW | -$22M |
| Net Change in Cash | $8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $421M |
| Short-Term Investments | $120M |
| Net Receivables | $84M |
| Inventory | $32M |
| Other Current Assets | $55M |
| TOTAL CURRENT ASSETS | $711M |
| PP&E (Net) | $1.1B |
| Goodwill | $0 |
| Intangible Assets | $686M |
| Long-Term Investments | $8M |
| Tax Assets | -$8M |
| Other Non-Current Assets | $199M |
| TOTAL NON-CURRENT ASSETS | $2.0B |
| TOTAL ASSETS | $2.7B |
| Account Payables | $77M |
| Short-Term Debt | $24M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $216M |
| TOTAL CURRENT LIABILITIES | $317M |
| Long-Term Debt | $1.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $516M |
| TOTAL NON-CURRENT LIABILITIES | $2.3B |
| TOTAL LIABILITIES | $2.6B |
| Common Stock | $1M |
| Additional Paid-In Capital | $46M |
| Retained Earnings | -$200.0K |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $17M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $65M |
| Minority Interest | $0 |
| TOTAL EQUITY | $65M |
| TOTAL LIABILITIES & EQUITY | $2.7B |
| Total Debt | $1.8B |
| Net Debt | $1.4B |
