| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $225M | $207M | $191M | 8.8% | 17.6% |
| Op. Income | $35M | $38M | $35M | -6.6% | 0.6% |
| Gross Margin | 66.6% | 67.5% | 69.0% | -0.9pp | -2.5pp |
| Net Margin | -7.1% | -7.0% | -5.6% | -0.1pp | -1.5pp |
| EPS (Diluted) | $-0.10 | $-0.09 | $-0.06 | -10.5% | -50.1% |
| Free Cash Flow | $5M | $6M | $12M | -8.7% | -57.2% |
| Item | Amount |
|---|---|
| REVENUE | $225M |
| Cost of Revenue | $75M |
| GROSS PROFIT | $150M |
| R&D Expenses | $10M |
| Selling & Marketing | $34M |
| General & Administrative | $26M |
| SG&A Expenses | $60M |
| Other Expenses | $44M |
| Operating Expenses | $114M |
| Cost & Expenses | $190M |
| OPERATING INCOME | $35M |
| Interest Income | $0 |
| Interest Expense | $57M |
| Other Income/Expenses | -$57M |
| INCOME BEFORE TAX | -$22M |
| Income Tax Expense | -$6M |
| Net Income from Continuing Ops | -$16M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$16M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$16M |
| D&A | $44M |
| EBIT | $35M |
| EBITDA | $79M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$16M |
| Depreciation & Amortization | $44M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$20M |
| Other Non-Cash Items | $11M |
| Change in Working Capital | -$12M |
| OPERATING CASH FLOW | $11M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$6M |
| Net Debt Issuance | $18M |
| Common Stock Repurchased | -$225.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | $20M |
| FREE CASH FLOW | $5M |
| Net Change in Cash | $25M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $57M |
| Short-Term Investments | $0 |
| Net Receivables | $136M |
| Inventory | $0 |
| Other Current Assets | $41M |
| TOTAL CURRENT ASSETS | $250M |
| PP&E (Net) | $71M |
| Goodwill | $3.0B |
| Intangible Assets | $1.1B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $77M |
| TOTAL NON-CURRENT ASSETS | $4.3B |
| TOTAL ASSETS | $4.6B |
| Account Payables | $43M |
| Short-Term Debt | $22M |
| Deferred Revenue | $13M |
| Other Current Liabilities | $17M |
| TOTAL CURRENT LIABILITIES | $132M |
| Long-Term Debt | $2.2B |
| Deferred Revenue NC | $6M |
| Deferred Tax Liabilities | $155M |
| Other Non-Current Liabilities | $278.0K |
| TOTAL NON-CURRENT LIABILITIES | $2.4B |
| TOTAL LIABILITIES | $2.5B |
| Common Stock | $1M |
| Additional Paid-In Capital | $2.2B |
| Retained Earnings | -$218M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $16M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.0B |
| TOTAL LIABILITIES & EQUITY | $4.6B |
| Total Debt | $2.3B |
| Net Debt | $2.2B |
