Steel Connect, Inc. (STCN)

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First Quarter 2024 Results:

Net revenue totaled $41.3 million, as compared to $51.4 million in the same period of the prior fiscal year.

Net income was $4.4 million, as compared to of $5.0 million in the same period of the prior fiscal year.

Net income attributable to common stockholders was $3.9 million, as compared to $4.4 million in the same period of the prior fiscal year.

Adjusted EBITDA* was $3.3 million, as compared to $7.3 million in the same period of the prior fiscal year.

Net cash provided by operating activities was $6.6 million.

Free Cash Flow* totaled $6.0 million.

Total debt was $12.3 million; Net Debt* totaled $(264.4) million