| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $146M | $127M | $109M | 14.7% | 34.1% |
| Op. Income | $43M | $30M | $26M | 43.3% | 66.5% |
| Gross Margin | 48.9% | 48.4% | 48.2% | 0.5pp | 0.7pp |
| Net Margin | 19.7% | 14.8% | 14.4% | 4.9pp | 5.3pp |
| EPS (Diluted) | $0.98 | $0.64 | $0.52 | 53.1% | 88.5% |
| Free Cash Flow | $34M | $25M | $31M | 32.3% | 6.8% |
| Item | Amount |
|---|---|
| REVENUE | $146M |
| Cost of Revenue | $74M |
| GROSS PROFIT | $71M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $25M |
| Other Expenses | $3M |
| Operating Expenses | $29M |
| Cost & Expenses | $103M |
| OPERATING INCOME | $43M |
| Interest Income | $0 |
| Interest Expense | $5M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | $38M |
| Income Tax Expense | $10M |
| Net Income from Continuing Ops | $29M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $29M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $29M |
| D&A | $3M |
| EBIT | $43M |
| EBITDA | $46M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $146M |
| Cost of Revenue | $74M |
| GROSS PROFIT | $71M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $25M |
| Other Expenses | $3M |
| Operating Expenses | $29M |
| Cost & Expenses | $103M |
| OPERATING INCOME | $43M |
| Interest Income | $0 |
| Interest Expense | $5M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | $38M |
| Income Tax Expense | $10M |
| Net Income from Continuing Ops | $29M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $29M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $29M |
| D&A | $3M |
| EBIT | $43M |
| EBITDA | $46M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $29M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | $516.0K |
| Change in Working Capital | $6M |
| OPERATING CASH FLOW | $45M |
| Capital Expenditure | -$11M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$500.0K |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$12M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$7M |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$10M |
| FREE CASH FLOW | $34M |
| Net Change in Cash | $23M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $108M |
| Short-Term Investments | $0 |
| Net Receivables | $14M |
| Inventory | $0 |
| Other Current Assets | $49M |
| TOTAL CURRENT ASSETS | $171M |
| PP&E (Net) | $99M |
| Goodwill | $68M |
| Intangible Assets | $40M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $34M |
| TOTAL NON-CURRENT ASSETS | $241M |
| TOTAL ASSETS | $412M |
| Account Payables | $6M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $72M |
| TOTAL CURRENT LIABILITIES | $79M |
| Long-Term Debt | $713M |
| Deferred Revenue NC | $32M |
| Deferred Tax Liabilities | $6M |
| Other Non-Current Liabilities | $18M |
| TOTAL NON-CURRENT LIABILITIES | $768M |
| TOTAL LIABILITIES | $847M |
| Common Stock | $294.0K |
| Additional Paid-In Capital | $918.0K |
| Retained Earnings | -$435M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$365.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$434M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$434M |
| TOTAL LIABILITIES & EQUITY | $412M |
| Total Debt | $713M |
| Net Debt | $604M |
