| Metric | FY 2023 | Prior Q | FY 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $79M | — | $131M | — | -40.3% |
| Op. Income | -$402M | — | -$263M | — | -52.5% |
| Gross Margin | 100.0% | — | 100.0% | — | 0.0pp |
| Net Margin | -467.9% | — | -215.0% | — | -252.9pp |
| EPS (Diluted) | $-6.62 | — | $-5.31 | — | -24.7% |
| Free Cash Flow | -$351M | — | -$280M | — | -25.1% |
| Item | Amount |
|---|---|
| REVENUE | $79M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $79M |
| R&D Expenses | $380M |
| Selling & Marketing | $0 |
| General & Administrative | $100M |
| SG&A Expenses | $100M |
| Other Expenses | $0 |
| Operating Expenses | $480M |
| Cost & Expenses | $480M |
| OPERATING INCOME | -$402M |
| Interest Income | $39M |
| Interest Expense | $0 |
| Other Income/Expenses | $35M |
| INCOME BEFORE TAX | -$366M |
| Income Tax Expense | $900.0K |
| Net Income from Continuing Ops | -$367M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$367M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$367M |
| D&A | $7M |
| EBIT | -$402M |
| EBITDA | -$395M |
| EPS | -$7 |
| EPS Diluted | -$7 |
| Item | Amount |
|---|---|
| Net Income | -$367M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $72M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$14M |
| Change in Working Capital | -$44M |
| OPERATING CASH FLOW | -$348M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$956M |
| Sales/Maturities of Investments | $1.2B |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $204M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $375M |
| FREE CASH FLOW | -$351M |
| Net Change in Cash | $230M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $312M |
| Short-Term Investments | $949M |
| Net Receivables | $7M |
| Inventory | $0 |
| Other Current Assets | $12M |
| TOTAL CURRENT ASSETS | $1.3B |
| PP&E (Net) | $14M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $10M |
| TOTAL NON-CURRENT ASSETS | $24M |
| TOTAL ASSETS | $1.3B |
| Account Payables | $18M |
| Short-Term Debt | $0 |
| Deferred Revenue | $163M |
| Other Current Liabilities | $48M |
| TOTAL CURRENT LIABILITIES | $257M |
| Long-Term Debt | $800.0K |
| Deferred Revenue NC | $386M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $388M |
| TOTAL LIABILITIES | $645M |
| Common Stock | $100.0K |
| Additional Paid-In Capital | $2.0B |
| Retained Earnings | -$1.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $660M |
| Minority Interest | $0 |
| TOTAL EQUITY | $660M |
| TOTAL LIABILITIES & EQUITY | $1.3B |
| Total Debt | $3M |
| Net Debt | -$309M |
