| Metric | FY 2024 | Prior Q | FY 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $125M | — | $152M | — | -17.8% |
| Op. Income | -$24M | — | -$244M | — | 89.9% |
| Gross Margin | 68.6% | — | 82.2% | — | -13.6pp |
| Net Margin | -17.3% | — | -218.3% | — | 201.0pp |
| EPS (Diluted) | $-3.45 | — | $-70.05 | — | 95.1% |
| Free Cash Flow | $26M | — | $49M | — | -46.1% |
| Item | Amount |
|---|---|
| REVENUE | $125M |
| Cost of Revenue | $39M |
| GROSS PROFIT | $86M |
| R&D Expenses | $4M |
| Selling & Marketing | $2M |
| General & Administrative | $75M |
| SG&A Expenses | $77M |
| Other Expenses | $29M |
| Operating Expenses | $110M |
| Cost & Expenses | $149M |
| OPERATING INCOME | -$24M |
| Interest Income | $3M |
| Interest Expense | $3M |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | -$22M |
| Income Tax Expense | $52.0K |
| Net Income from Continuing Ops | -$22M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$22M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$22M |
| D&A | $26M |
| EBIT | -$21M |
| EBITDA | $5M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$22M |
| Depreciation & Amortization | $26M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $12M |
| Change in Working Capital | $5M |
| OPERATING CASH FLOW | $26M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$99M |
| Sales/Maturities of Investments | $50M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$49M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$350.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$350.0K |
| FREE CASH FLOW | $26M |
| Net Change in Cash | -$23M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $51M |
| Short-Term Investments | $49M |
| Net Receivables | $54M |
| Inventory | $38M |
| Other Current Assets | $10M |
| TOTAL CURRENT ASSETS | $203M |
| PP&E (Net) | $2M |
| Goodwill | $0 |
| Intangible Assets | $80M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.0K |
| TOTAL NON-CURRENT ASSETS | $82M |
| TOTAL ASSETS | $285M |
| Account Payables | $15M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $96M |
| TOTAL CURRENT LIABILITIES | $115M |
| Long-Term Debt | $39M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $9M |
| TOTAL NON-CURRENT LIABILITIES | $49M |
| TOTAL LIABILITIES | $164M |
| Common Stock | $9.0K |
| Additional Paid-In Capital | $794M |
| Retained Earnings | -$673M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $121M |
| Minority Interest | $0 |
| TOTAL EQUITY | $121M |
| TOTAL LIABILITIES & EQUITY | $285M |
| Total Debt | $40M |
| Net Debt | -$10M |
