| Metric | FY 2022 | Prior Q | FY 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.0B | — | $844M | — | 22.9% |
| Op. Income | -$785M | — | -$709M | — | -10.8% |
| Gross Margin | 83.7% | — | 83.4% | — | 0.3pp |
| Net Margin | -109.0% | — | -101.0% | — | -8.0pp |
| EPS (Diluted) | $-9.30 | — | $-7.20 | — | -29.2% |
| Free Cash Flow | -$613M | — | -$718M | — | 14.6% |
| Item | Amount |
|---|---|
| REVENUE | $1.0B |
| Cost of Revenue | $169M |
| GROSS PROFIT | $869M |
| R&D Expenses | $883M |
| Selling & Marketing | $0 |
| General & Administrative | $771M |
| SG&A Expenses | $771M |
| Other Expenses | $0 |
| Operating Expenses | $1.7B |
| Cost & Expenses | $1.8B |
| OPERATING INCOME | -$785M |
| Interest Income | $25M |
| Interest Expense | $156M |
| Other Income/Expenses | -$342M |
| INCOME BEFORE TAX | -$1.1B |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | -$1.1B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$1.1B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$1.1B |
| D&A | $44M |
| EBIT | -$971M |
| EBITDA | -$927M |
| EPS | -$9 |
| EPS Diluted | -$9 |
| Item | Amount |
|---|---|
| Net Income | -$1.1B |
| Depreciation & Amortization | $86M |
| Stock-Based Compensation | $231M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $309M |
| Change in Working Capital | -$36M |
| OPERATING CASH FLOW | -$541M |
| Capital Expenditure | -$72M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$2.0B |
| Sales/Maturities of Investments | $2.2B |
| Other Investing Activities | -$13M |
| NET CASH FROM INVESTING | $169M |
| Net Debt Issuance | $254M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$88M |
| NET CASH FROM FINANCING | $426M |
| FREE CASH FLOW | -$613M |
| Net Change in Cash | $46M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $866M |
| Short-Term Investments | $1.3B |
| Net Receivables | $238M |
| Inventory | $129M |
| Other Current Assets | $133M |
| TOTAL CURRENT ASSETS | $2.7B |
| PP&E (Net) | $739M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $115M |
| TOTAL NON-CURRENT ASSETS | $854M |
| TOTAL ASSETS | $3.5B |
| Account Payables | $98M |
| Short-Term Debt | $0 |
| Deferred Revenue | $42M |
| Other Current Liabilities | $171M |
| TOTAL CURRENT LIABILITIES | $768M |
| Long-Term Debt | $1.0B |
| Deferred Revenue NC | $194M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.5B |
| TOTAL NON-CURRENT LIABILITIES | $2.9B |
| TOTAL LIABILITIES | $3.7B |
| Common Stock | $1M |
| Additional Paid-In Capital | $6.5B |
| Retained Earnings | -$6.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$45M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$158M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$158M |
| TOTAL LIABILITIES & EQUITY | $3.5B |
| Total Debt | $1.3B |
| Net Debt | $454M |
