| Metric | FY 2024 | Prior Q | FY 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $425M | — | $312M | — | 36.3% |
| Op. Income | -$326M | — | -$533M | — | 38.8% |
| Gross Margin | 87.8% | — | 83.4% | — | 4.5pp |
| Net Margin | -104.0% | — | -180.5% | — | 76.5pp |
| EPS (Diluted) | $-7.63 | — | $-10.00 | — | 23.6% |
| Free Cash Flow | -$360M | — | -$549M | — | 34.5% |
| Item | Amount |
|---|---|
| REVENUE | $425M |
| Cost of Revenue | $52M |
| GROSS PROFIT | $373M |
| R&D Expenses | $359M |
| Selling & Marketing | $0 |
| General & Administrative | $333M |
| SG&A Expenses | $333M |
| Other Expenses | $8M |
| Operating Expenses | $699M |
| Cost & Expenses | $751M |
| OPERATING INCOME | -$326M |
| Interest Income | $17M |
| Interest Expense | $77M |
| Other Income/Expenses | -$110M |
| INCOME BEFORE TAX | -$436M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | -$442M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$442M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$442M |
| D&A | $21M |
| EBIT | -$360M |
| EBITDA | -$339M |
| EPS | -$8 |
| EPS Diluted | -$8 |
| Item | Amount |
|---|---|
| Net Income | -$442M |
| Depreciation & Amortization | $21M |
| Stock-Based Compensation | $112M |
| Deferred Income Tax | $6M |
| Other Non-Cash Items | $71M |
| Change in Working Capital | -$125M |
| OPERATING CASH FLOW | -$358M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $9M |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | $8M |
| Net Debt Issuance | $144M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $13M |
| NET CASH FROM FINANCING | $519M |
| FREE CASH FLOW | -$360M |
| Net Change in Cash | $196M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $654M |
| Short-Term Investments | $0 |
| Net Receivables | $194M |
| Inventory | $346M |
| Other Current Assets | $13M |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $115M |
| Goodwill | $4M |
| Intangible Assets | $623.2K |
| Long-Term Investments | $16M |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $139M |
| TOTAL ASSETS | $1.4B |
| Account Payables | $113M |
| Short-Term Debt | $575M |
| Deferred Revenue | $1M |
| Other Current Liabilities | $372M |
| TOTAL CURRENT LIABILITIES | $1.1B |
| Long-Term Debt | $427M |
| Deferred Revenue NC | $6M |
| Deferred Tax Liabilities | $8M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $441M |
| TOTAL LIABILITIES | $1.5B |
| Common Stock | $10M |
| Additional Paid-In Capital | $2.9B |
| Retained Earnings | -$3.0B |
| Treasury Stock | -$132.1K |
| Accum. Other Comp. Income | $2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$124M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$124M |
| TOTAL LIABILITIES & EQUITY | $1.4B |
| Total Debt | $1.0B |
| Net Debt | $347M |
