| Metric | FY 2022 | Prior Q | FY 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $83M | — | $37M | — | 125.8% |
| Op. Income | -$346M | — | -$235M | — | -47.1% |
| Gross Margin | 22.8% | — | 100.0% | — | -77.2pp |
| Net Margin | -618.6% | — | -276.0% | — | -342.5pp |
| EPS (Diluted) | $-2.60 | — | $-3.25 | — | 20.0% |
| Free Cash Flow | -$361M | — | -$269M | — | -34.4% |
| Item | Amount |
|---|---|
| REVENUE | $83M |
| Cost of Revenue | $64M |
| GROSS PROFIT | $19M |
| R&D Expenses | $181M |
| Selling & Marketing | $0 |
| General & Administrative | $187M |
| SG&A Expenses | $187M |
| Other Expenses | -$2M |
| Operating Expenses | $365M |
| Cost & Expenses | $429M |
| OPERATING INCOME | -$346M |
| Interest Income | $912.0K |
| Interest Expense | $91M |
| Other Income/Expenses | -$205M |
| INCOME BEFORE TAX | -$552M |
| Income Tax Expense | -$38M |
| Net Income from Continuing Ops | -$514M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$514M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$514M |
| D&A | $20M |
| EBIT | -$460M |
| EBITDA | -$440M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$514M |
| Depreciation & Amortization | $20M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | -$38M |
| Other Non-Cash Items | $256M |
| Change in Working Capital | -$48M |
| OPERATING CASH FLOW | -$312M |
| Capital Expenditure | -$49M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$26M |
| NET CASH FROM INVESTING | -$64M |
| Net Debt Issuance | $258M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $157M |
| NET CASH FROM FINANCING | $425M |
| FREE CASH FLOW | -$361M |
| Net Change in Cash | $49M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $66M |
| Short-Term Investments | $0 |
| Net Receivables | $71M |
| Inventory | $71M |
| Other Current Assets | $851.0K |
| TOTAL CURRENT ASSETS | $231M |
| PP&E (Net) | $268M |
| Goodwill | $12M |
| Intangible Assets | $26M |
| Long-Term Investments | $49M |
| Tax Assets | $209M |
| Other Non-Current Assets | $34M |
| TOTAL NON-CURRENT ASSETS | $598M |
| TOTAL ASSETS | $828M |
| Account Payables | $49M |
| Short-Term Debt | $20M |
| Deferred Revenue | $37M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $167M |
| Long-Term Debt | $745M |
| Deferred Revenue NC | $57M |
| Deferred Tax Liabilities | $309.0K |
| Other Non-Current Liabilities | $388M |
| TOTAL NON-CURRENT LIABILITIES | $1.2B |
| TOTAL LIABILITIES | $1.4B |
| Common Stock | $2M |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | -$1.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $29M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$564M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$564M |
| TOTAL LIABILITIES & EQUITY | $828M |
| Total Debt | $805M |
| Net Debt | $739M |
