| Metric | FY 2023 | Prior Q | FY 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $66M | — | $73M | — | -10.2% |
| Op. Income | -$146M | — | -$193M | — | 24.6% |
| Gross Margin | 25.6% | — | 53.8% | — | -28.2pp |
| Net Margin | -202.9% | — | -229.9% | — | 27.0pp |
| EPS (Diluted) | $-0.65 | — | $-0.84 | — | 22.6% |
| Free Cash Flow | -$105M | — | -$187M | — | 44.2% |
| Item | Amount |
|---|---|
| REVENUE | $66M |
| Cost of Revenue | $49M |
| GROSS PROFIT | $17M |
| R&D Expenses | $56M |
| Selling & Marketing | $39M |
| General & Administrative | $68M |
| SG&A Expenses | $107M |
| Other Expenses | $0 |
| Operating Expenses | $162M |
| Cost & Expenses | $212M |
| OPERATING INCOME | -$146M |
| Interest Income | $7M |
| Interest Expense | $0 |
| Other Income/Expenses | $12M |
| INCOME BEFORE TAX | -$134M |
| Income Tax Expense | $82.0K |
| Net Income from Continuing Ops | -$134M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$134M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$134M |
| D&A | $11M |
| EBIT | -$134M |
| EBITDA | -$123M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$134M |
| Depreciation & Amortization | $11M |
| Stock-Based Compensation | $27M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $17M |
| Change in Working Capital | -$20M |
| OPERATING CASH FLOW | -$99M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$297.0K |
| Sales/Maturities of Investments | $76M |
| Other Investing Activities | $10.0K |
| NET CASH FROM INVESTING | $70M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $228.0K |
| NET CASH FROM FINANCING | $228.0K |
| FREE CASH FLOW | -$105M |
| Net Change in Cash | -$28M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $135M |
| Short-Term Investments | $0 |
| Net Receivables | $13M |
| Inventory | $73M |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $231M |
| PP&E (Net) | $41M |
| Goodwill | $0 |
| Intangible Assets | $10M |
| Long-Term Investments | $4M |
| Tax Assets | $0 |
| Other Non-Current Assets | $18M |
| TOTAL NON-CURRENT ASSETS | $73M |
| TOTAL ASSETS | $304M |
| Account Payables | $5M |
| Short-Term Debt | $2M |
| Deferred Revenue | $16M |
| Other Current Liabilities | $12M |
| TOTAL CURRENT LIABILITIES | $44M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $7M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $10M |
| TOTAL NON-CURRENT LIABILITIES | $40M |
| TOTAL LIABILITIES | $84M |
| Common Stock | $21.0K |
| Additional Paid-In Capital | $950M |
| Retained Earnings | -$730M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $220M |
| Minority Interest | $0 |
| TOTAL EQUITY | $220M |
| TOTAL LIABILITIES & EQUITY | $304M |
| Total Debt | $25M |
| Net Debt | -$110M |
