| Metric | FY 2023 | Prior Q | FY 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $116M | — | $80M | — | 45.0% |
| Op. Income | -$29M | — | -$60M | — | 51.0% |
| Gross Margin | 68.9% | — | 73.5% | — | -4.5pp |
| Net Margin | -22.7% | — | -73.0% | — | 50.4pp |
| EPS (Diluted) | $-0.17 | — | $-0.45 | — | 62.2% |
| Free Cash Flow | -$15M | — | -$40M | — | 61.1% |
| Item | Amount |
|---|---|
| REVENUE | $116M |
| Cost of Revenue | $36M |
| GROSS PROFIT | $80M |
| R&D Expenses | $73M |
| Selling & Marketing | $20M |
| General & Administrative | $16M |
| SG&A Expenses | $36M |
| Other Expenses | $0 |
| Operating Expenses | $109M |
| Cost & Expenses | $145M |
| OPERATING INCOME | -$29M |
| Interest Income | $7M |
| Interest Expense | $0 |
| Other Income/Expenses | $7M |
| INCOME BEFORE TAX | -$23M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | -$26M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$26M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$26M |
| D&A | $2M |
| EBIT | -$29M |
| EBITDA | -$28M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$26M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $11M |
| Change in Working Capital | -$10M |
| OPERATING CASH FLOW | -$13M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$126M |
| Sales/Maturities of Investments | $111M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$18M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$210.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$292.0K |
| NET CASH FROM FINANCING | -$502.0K |
| FREE CASH FLOW | -$15M |
| Net Change in Cash | -$31M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $45M |
| Short-Term Investments | $104M |
| Net Receivables | $8M |
| Inventory | $24M |
| Other Current Assets | $686.0K |
| TOTAL CURRENT ASSETS | $186M |
| PP&E (Net) | $8M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $10M |
| TOTAL ASSETS | $196M |
| Account Payables | $6M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $12M |
| TOTAL CURRENT LIABILITIES | $35M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $4M |
| TOTAL LIABILITIES | $39M |
| Common Stock | $4.0K |
| Additional Paid-In Capital | $27M |
| Retained Earnings | -$125M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $259.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $157M |
| Minority Interest | $0 |
| TOTAL EQUITY | $157M |
| TOTAL LIABILITIES & EQUITY | $196M |
| Total Debt | $3M |
| Net Debt | -$42M |
