| Metric | FY 2023 | Prior Q | FY 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.8B | — | $1.0B | — | 76.2% |
| Op. Income | -$282M | — | -$785M | — | 64.1% |
| Gross Margin | 83.0% | — | 83.7% | — | -0.7pp |
| Net Margin | -24.1% | — | -109.0% | — | 85.0pp |
| EPS (Diluted) | $-3.52 | — | $-9.30 | — | 62.2% |
| Free Cash Flow | $42M | — | -$613M | — | 106.8% |
| Item | Amount |
|---|---|
| REVENUE | $1.8B |
| Cost of Revenue | $310M |
| GROSS PROFIT | $1.5B |
| R&D Expenses | $1.0B |
| Selling & Marketing | $0 |
| General & Administrative | $796M |
| SG&A Expenses | $796M |
| Other Expenses | $0 |
| Operating Expenses | $1.8B |
| Cost & Expenses | $2.1B |
| OPERATING INCOME | -$282M |
| Interest Income | $96M |
| Interest Expense | $121M |
| Other Income/Expenses | -$151M |
| INCOME BEFORE TAX | -$434M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | -$440M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$440M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$440M |
| D&A | $54M |
| EBIT | -$312M |
| EBITDA | -$258M |
| EPS | -$4 |
| EPS Diluted | -$4 |
| Item | Amount |
|---|---|
| Net Income | -$440M |
| Depreciation & Amortization | $97M |
| Stock-Based Compensation | $222M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $215M |
| Change in Working Capital | $11M |
| OPERATING CASH FLOW | $104M |
| Capital Expenditure | -$62M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1.8B |
| Sales/Maturities of Investments | $1.6B |
| Other Investing Activities | -$4M |
| NET CASH FROM INVESTING | -$336M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $25M |
| NET CASH FROM FINANCING | $172M |
| FREE CASH FLOW | $42M |
| Net Change in Cash | -$54M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $813M |
| Short-Term Investments | $1.6B |
| Net Receivables | $328M |
| Inventory | $89M |
| Other Current Assets | $126M |
| TOTAL CURRENT ASSETS | $3.0B |
| PP&E (Net) | $726M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $10M |
| Other Non-Current Assets | $111M |
| TOTAL NON-CURRENT ASSETS | $847M |
| TOTAL ASSETS | $3.8B |
| Account Payables | $56M |
| Short-Term Debt | $0 |
| Deferred Revenue | $103M |
| Other Current Liabilities | $177M |
| TOTAL CURRENT LIABILITIES | $968M |
| Long-Term Debt | $1.0B |
| Deferred Revenue NC | $188M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.6B |
| TOTAL NON-CURRENT LIABILITIES | $3.1B |
| TOTAL LIABILITIES | $4.1B |
| Common Stock | $1M |
| Additional Paid-In Capital | $6.8B |
| Retained Earnings | -$7.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$23M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$221M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$221M |
| TOTAL LIABILITIES & EQUITY | $3.8B |
| Total Debt | $1.3B |
| Net Debt | $493M |
