The company said revenue for Q1 2024 (ended March 31) grew 21% year-over-year and 4% quarter-over-quarter to $634 million. Commercial revenue was $299 million, and government revenue was $335 million.

1. 01

   The company said revenue for Q1 2024 (ended March 31) grew 21% year-over-year and 4% quarter-over-quarter to $634 million. Commercial revenue was $299 million, and government revenue was $335 million.

2. 02

   The company said GAAP net income for Q1 was $106 million (margin of 17%), GAAP income from operations was $81 million (margin of 13%), and GAAP earnings per share (EPS) was $0.04. Adjusted income from operations was $226 million (margin of 36%).

3. 03

   The company said cash from operations for Q1 was $130 million (margin of 20%), and adjusted free cash flow was $149 million (margin of 23%). Cash, cash equivalents and short-term U.S. Treasury securities totaled $3.9 billion.

4. 04

   The company said it is raising its full-year 2024 revenue guidance to $2.677 billion to $2.689 billion. It also said it is raising its adjusted income from operations guidance to $868 million to $880 million.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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