| Metric | FY 2024 | Prior Q | FY 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $120M | — | $89M | — | 35.7% |
| Op. Income | -$188M | — | -$291M | — | 35.5% |
| Gross Margin | -35.4% | — | -69.3% | — | 33.9pp |
| Net Margin | -171.8% | — | -606.1% | — | 434.3pp |
| EPS (Diluted) | $-13.65 | — | $-1.16 | — | -1076.7% |
| Free Cash Flow | -$390M | — | -$169M | — | -130.1% |
| Item | Amount |
|---|---|
| REVENUE | $120M |
| Cost of Revenue | $163M |
| GROSS PROFIT | -$43M |
| R&D Expenses | $0 |
| Selling & Marketing | $34M |
| General & Administrative | $52M |
| SG&A Expenses | $86M |
| Other Expenses | $59M |
| Operating Expenses | $145M |
| Cost & Expenses | $308M |
| OPERATING INCOME | -$188M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$17M |
| INCOME BEFORE TAX | -$205M |
| Income Tax Expense | $850.0K |
| Net Income from Continuing Ops | -$206M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$206M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$206M |
| D&A | $33M |
| EBIT | -$188M |
| EBITDA | -$155M |
| EPS | -$14 |
| EPS Diluted | -$14 |
| Item | Amount |
|---|---|
| Net Income | -$206M |
| Depreciation & Amortization | $33M |
| Stock-Based Compensation | $27M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$223M |
| Change in Working Capital | -$10M |
| OPERATING CASH FLOW | -$380M |
| Capital Expenditure | -$10M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$212M |
| Sales/Maturities of Investments | $183M |
| Other Investing Activities | -$105M |
| NET CASH FROM INVESTING | -$144M |
| Net Debt Issuance | $117M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $122M |
| NET CASH FROM FINANCING | $239M |
| FREE CASH FLOW | -$390M |
| Net Change in Cash | -$293M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $211M |
| Short-Term Investments | $54M |
| Net Receivables | $32M |
| Inventory | $502M |
| Other Current Assets | $35M |
| TOTAL CURRENT ASSETS | $862M |
| PP&E (Net) | $4M |
| Goodwill | $24M |
| Intangible Assets | $21M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $51M |
| TOTAL ASSETS | $913M |
| Account Payables | $48M |
| Short-Term Debt | $244M |
| Deferred Revenue | $137M |
| Other Current Liabilities | $6M |
| TOTAL CURRENT LIABILITIES | $436M |
| Long-Term Debt | $520M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $12M |
| TOTAL NON-CURRENT LIABILITIES | $536M |
| TOTAL LIABILITIES | $971M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $1.9B |
| Retained Earnings | -$1.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | -$9M |
| TOTAL STOCKHOLDERS' EQUITY | -$58M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$58M |
| TOTAL LIABILITIES & EQUITY | $913M |
| Total Debt | $768M |
| Net Debt | $557M |
