| Metric | FY 2023 | Prior Q | FY 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $170M | — | $185M | — | -8.1% |
| Op. Income | -$227M | — | -$200M | — | -13.4% |
| Gross Margin | 55.6% | — | 68.7% | — | -13.1pp |
| Net Margin | -132.3% | — | -108.0% | — | -24.3pp |
| EPS (Diluted) | $-1.56 | — | $-1.00 | — | -56.0% |
| Free Cash Flow | -$167M | — | -$200M | — | 16.6% |
| Item | Amount |
|---|---|
| REVENUE | $170M |
| Cost of Revenue | $76M |
| GROSS PROFIT | $95M |
| R&D Expenses | $122M |
| Selling & Marketing | $89M |
| General & Administrative | $84M |
| SG&A Expenses | $173M |
| Other Expenses | $27M |
| Operating Expenses | $322M |
| Cost & Expenses | $397M |
| OPERATING INCOME | -$227M |
| Interest Income | $16M |
| Interest Expense | $14M |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$225M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$225M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$225M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$225M |
| D&A | $22M |
| EBIT | -$212M |
| EBITDA | -$189M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$225M |
| Depreciation & Amortization | $22M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $93M |
| Change in Working Capital | -$46M |
| OPERATING CASH FLOW | -$156M |
| Capital Expenditure | -$11M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$430M |
| Sales/Maturities of Investments | $570M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $130M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | -$167M |
| Net Change in Cash | -$25M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $65M |
| Short-Term Investments | $281M |
| Net Receivables | $38M |
| Inventory | $14M |
| Other Current Assets | $11M |
| TOTAL CURRENT ASSETS | $410M |
| PP&E (Net) | $120M |
| Goodwill | $119M |
| Intangible Assets | $5M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $7M |
| TOTAL NON-CURRENT ASSETS | $251M |
| TOTAL ASSETS | $661M |
| Account Payables | $8M |
| Short-Term Debt | $0 |
| Deferred Revenue | $49M |
| Other Current Liabilities | $14M |
| TOTAL CURRENT LIABILITIES | $88M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $45M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $131M |
| TOTAL NON-CURRENT LIABILITIES | $265M |
| TOTAL LIABILITIES | $353M |
| Common Stock | $14.0K |
| Additional Paid-In Capital | $1.5B |
| Retained Earnings | -$1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $215.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $308M |
| Minority Interest | -$121.0K |
| TOTAL EQUITY | $308M |
| TOTAL LIABILITIES & EQUITY | $661M |
| Total Debt | $99M |
| Net Debt | $34M |
