| Metric | FY 2024 | Prior Q | FY 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $490M | — | $91M | — | 435.6% |
| Op. Income | $70M | — | -$355M | — | 119.6% |
| Gross Margin | 62.2% | — | -75.9% | — | 138.1pp |
| Net Margin | -47.3% | — | -603.4% | — | 556.1pp |
| EPS (Diluted) | $-0.87 | — | $-2.43 | — | 64.2% |
| Free Cash Flow | -$294M | — | -$359M | — | 18.1% |
| Item | Amount |
|---|---|
| REVENUE | $490M |
| Cost of Revenue | $185M |
| GROSS PROFIT | $304M |
| R&D Expenses | $171M |
| Selling & Marketing | $0 |
| General & Administrative | $61M |
| SG&A Expenses | $61M |
| Other Expenses | $2M |
| Operating Expenses | $235M |
| Cost & Expenses | $420M |
| OPERATING INCOME | $70M |
| Interest Income | $5M |
| Interest Expense | $158M |
| Other Income/Expenses | -$287M |
| INCOME BEFORE TAX | -$218M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | -$232M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$232M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$232M |
| D&A | $31M |
| EBIT | -$64M |
| EBITDA | -$32M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$232M |
| Depreciation & Amortization | $31M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $14M |
| Other Non-Cash Items | $230M |
| Change in Working Capital | -$289M |
| OPERATING CASH FLOW | -$237M |
| Capital Expenditure | -$57M |
| Acquisitions (Net) | $12M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $23M |
| NET CASH FROM INVESTING | -$19M |
| Net Debt Issuance | $152M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$5M |
| NET CASH FROM FINANCING | $297M |
| FREE CASH FLOW | -$294M |
| Net Change in Cash | $40M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $51M |
| Short-Term Investments | $0 |
| Net Receivables | $252M |
| Inventory | $128M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $455M |
| PP&E (Net) | $410M |
| Goodwill | $11M |
| Intangible Assets | $21M |
| Long-Term Investments | $23M |
| Tax Assets | $298M |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $766M |
| TOTAL ASSETS | $1.2B |
| Account Payables | $67M |
| Short-Term Debt | $33M |
| Deferred Revenue | $16M |
| Other Current Liabilities | $7M |
| TOTAL CURRENT LIABILITIES | $193M |
| Long-Term Debt | $1.0B |
| Deferred Revenue NC | $81M |
| Deferred Tax Liabilities | $2M |
| Other Non-Current Liabilities | $210M |
| TOTAL NON-CURRENT LIABILITIES | $1.4B |
| TOTAL LIABILITIES | $1.6B |
| Common Stock | $3M |
| Additional Paid-In Capital | $2.0B |
| Retained Earnings | -$2.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $15M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$413M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$413M |
| TOTAL LIABILITIES & EQUITY | $1.2B |
| Total Debt | $1.2B |
| Net Debt | $1.1B |
