| Metric | FY 2023 | Prior Q | FY 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $70M | — | $210M | — | -66.9% |
| Op. Income | -$166M | — | -$123M | — | -34.6% |
| Gross Margin | 96.4% | — | 98.4% | — | -2.1pp |
| Net Margin | -345.1% | — | -74.9% | — | -270.3pp |
| EPS (Diluted) | $-2.94 | — | $-1.99 | — | -47.7% |
| Free Cash Flow | -$122M | — | -$139M | — | 12.3% |
| Item | Amount |
|---|---|
| REVENUE | $70M |
| Cost of Revenue | $3M |
| GROSS PROFIT | $67M |
| R&D Expenses | $127M |
| Selling & Marketing | $33M |
| General & Administrative | $73M |
| SG&A Expenses | $106M |
| Other Expenses | $0 |
| Operating Expenses | $233M |
| Cost & Expenses | $236M |
| OPERATING INCOME | -$166M |
| Interest Income | $11M |
| Interest Expense | $46M |
| Other Income/Expenses | -$35M |
| INCOME BEFORE TAX | -$201M |
| Income Tax Expense | $39M |
| Net Income from Continuing Ops | -$240M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$240M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$240M |
| D&A | $3M |
| EBIT | -$149M |
| EBITDA | -$146M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$240M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $13M |
| Deferred Income Tax | $37M |
| Other Non-Cash Items | $23M |
| Change in Working Capital | $44M |
| OPERATING CASH FLOW | -$119M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $74M |
| NET CASH FROM FINANCING | $74M |
| FREE CASH FLOW | -$122M |
| Net Change in Cash | -$48M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $279M |
| Short-Term Investments | $0 |
| Net Receivables | $25M |
| Inventory | $16M |
| Other Current Assets | $6M |
| TOTAL CURRENT ASSETS | $336M |
| PP&E (Net) | $16M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $2M |
| Tax Assets | $0 |
| Other Non-Current Assets | $711.0K |
| TOTAL NON-CURRENT ASSETS | $18M |
| TOTAL ASSETS | $355M |
| Account Payables | $16M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $38M |
| TOTAL CURRENT LIABILITIES | $68M |
| Long-Term Debt | $113M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $312M |
| TOTAL NON-CURRENT LIABILITIES | $435M |
| TOTAL LIABILITIES | $503M |
| Common Stock | $7M |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | -$1.3B |
| Treasury Stock | -$541.0K |
| Accum. Other Comp. Income | -$93.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$148M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$148M |
| TOTAL LIABILITIES & EQUITY | $355M |
| Total Debt | $124M |
| Net Debt | -$154M |
