| Metric | FY 2024 | Prior Q | FY 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.7B | — | $1.8B | — | 48.3% |
| Op. Income | -$102M | — | -$128M | — | 20.5% |
| Gross Margin | 11.0% | — | 11.0% | — | -0.0pp |
| Net Margin | -4.7% | — | -8.1% | — | 3.4pp |
| EPS (Diluted) | $-0.67 | — | $-0.79 | — | 15.2% |
| Free Cash Flow | -$7M | — | -$95M | — | 93.0% |
| Item | Amount |
|---|---|
| REVENUE | $2.7B |
| Cost of Revenue | $2.4B |
| GROSS PROFIT | $297M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $371M |
| Other Expenses | $27M |
| Operating Expenses | $398M |
| Cost & Expenses | $2.8B |
| OPERATING INCOME | -$102M |
| Interest Income | $0 |
| Interest Expense | $24M |
| Other Income/Expenses | -$26M |
| INCOME BEFORE TAX | -$128M |
| Income Tax Expense | $21.0K |
| Net Income from Continuing Ops | -$128M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$128M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$128M |
| D&A | $27M |
| EBIT | -$105M |
| EBITDA | -$77M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$128M |
| Depreciation & Amortization | $27M |
| Stock-Based Compensation | $71M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $4M |
| Change in Working Capital | $61M |
| OPERATING CASH FLOW | $35M |
| Capital Expenditure | -$41M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$82M |
| Sales/Maturities of Investments | $163M |
| Other Investing Activities | $14.0K |
| NET CASH FROM INVESTING | $39M |
| Net Debt Issuance | $165M |
| Common Stock Repurchased | -$350.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$9M |
| NET CASH FROM FINANCING | $156M |
| FREE CASH FLOW | -$7M |
| Net Change in Cash | $230M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $433M |
| Short-Term Investments | $38M |
| Net Receivables | $154M |
| Inventory | $0 |
| Other Current Assets | $37M |
| TOTAL CURRENT ASSETS | $662M |
| PP&E (Net) | $75M |
| Goodwill | $35M |
| Intangible Assets | $5M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $120M |
| TOTAL ASSETS | $782M |
| Account Payables | $242M |
| Short-Term Debt | $1M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $39M |
| TOTAL CURRENT LIABILITIES | $352M |
| Long-Term Debt | $321M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $329M |
| TOTAL LIABILITIES | $681M |
| Common Stock | $192.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | -$1.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $100M |
| Minority Interest | $1M |
| TOTAL EQUITY | $101M |
| TOTAL LIABILITIES & EQUITY | $782M |
| Total Debt | $329M |
| Net Debt | -$104M |
