| Metric | FY 2023 | Prior Q | FY 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $354M | — | $314M | — | 12.8% |
| Op. Income | $6M | — | $6M | — | -7.4% |
| Gross Margin | 64.7% | — | 64.5% | — | 0.2pp |
| Net Margin | -8.7% | — | -6.1% | — | -2.6pp |
| EPS (Diluted) | $-0.75 | — | $-0.48 | — | -56.3% |
| Free Cash Flow | $11M | — | -$16M | — | 171.8% |
| Item | Amount |
|---|---|
| REVENUE | $354M |
| Cost of Revenue | $125M |
| GROSS PROFIT | $229M |
| R&D Expenses | $29M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $209M |
| Other Expenses | -$14M |
| Operating Expenses | $223M |
| Cost & Expenses | $348M |
| OPERATING INCOME | $6M |
| Interest Income | $1M |
| Interest Expense | $25M |
| Other Income/Expenses | -$27M |
| INCOME BEFORE TAX | -$22M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | -$31M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$31M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$31M |
| D&A | $23M |
| EBIT | $4M |
| EBITDA | $27M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$31M |
| Depreciation & Amortization | $23M |
| Stock-Based Compensation | $14M |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | $30M |
| Change in Working Capital | -$16M |
| OPERATING CASH FLOW | $19M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $7M |
| NET CASH FROM INVESTING | -$502.0K |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | -$559.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $4M |
| NET CASH FROM FINANCING | $865.0K |
| FREE CASH FLOW | $11M |
| Net Change in Cash | $20M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $59M |
| Short-Term Investments | $0 |
| Net Receivables | $74M |
| Inventory | $82M |
| Other Current Assets | $50M |
| TOTAL CURRENT ASSETS | $281M |
| PP&E (Net) | $82M |
| Goodwill | $247M |
| Intangible Assets | $172M |
| Long-Term Investments | $0 |
| Tax Assets | $1M |
| Other Non-Current Assets | $9M |
| TOTAL NON-CURRENT ASSETS | $512M |
| TOTAL ASSETS | $792M |
| Account Payables | $13M |
| Short-Term Debt | $1M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $21M |
| TOTAL CURRENT LIABILITIES | $58M |
| Long-Term Debt | $306M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $22M |
| Other Non-Current Liabilities | $78M |
| TOTAL NON-CURRENT LIABILITIES | $453M |
| TOTAL LIABILITIES | $511M |
| Common Stock | $426.0K |
| Additional Paid-In Capital | $356M |
| Retained Earnings | -$48M |
| Treasury Stock | -$15M |
| Accum. Other Comp. Income | -$12M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $282M |
| Minority Interest | $0 |
| TOTAL EQUITY | $282M |
| TOTAL LIABILITIES & EQUITY | $792M |
| Total Debt | $358M |
| Net Debt | $299M |
