| Metric | FY 2024 | Prior Q | FY 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $269M | — | $211M | — | 27.4% |
| Op. Income | -$227M | — | -$411M | — | 44.7% |
| Gross Margin | -31.3% | — | -113.9% | — | 82.5pp |
| Net Margin | -92.7% | — | -195.8% | — | 103.1pp |
| EPS (Diluted) | $-0.92 | — | $-2.40 | — | 61.7% |
| Free Cash Flow | -$219M | — | -$127M | — | -72.2% |
| Item | Amount |
|---|---|
| REVENUE | $269M |
| Cost of Revenue | $354M |
| GROSS PROFIT | -$84M |
| R&D Expenses | $61M |
| Selling & Marketing | $6M |
| General & Administrative | $72M |
| SG&A Expenses | $77M |
| Other Expenses | $4M |
| Operating Expenses | $143M |
| Cost & Expenses | $496M |
| OPERATING INCOME | -$227M |
| Interest Income | $536.0K |
| Interest Expense | $521.0K |
| Other Income/Expenses | $55M |
| INCOME BEFORE TAX | -$172M |
| Income Tax Expense | $77M |
| Net Income from Continuing Ops | -$250M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$250M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$250M |
| D&A | $28M |
| EBIT | -$172M |
| EBITDA | -$143M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$250M |
| Depreciation & Amortization | $28M |
| Stock-Based Compensation | $31M |
| Deferred Income Tax | $73M |
| Other Non-Cash Items | $22M |
| Change in Working Capital | -$104M |
| OPERATING CASH FLOW | -$199M |
| Capital Expenditure | -$19M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $80M |
| NET CASH FROM INVESTING | $61M |
| Net Debt Issuance | $10M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$768.0K |
| NET CASH FROM FINANCING | $140M |
| FREE CASH FLOW | -$219M |
| Net Change in Cash | $334.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $96M |
| Short-Term Investments | $0 |
| Net Receivables | $115M |
| Inventory | $95M |
| Other Current Assets | $7M |
| TOTAL CURRENT ASSETS | $334M |
| PP&E (Net) | $44M |
| Goodwill | $0 |
| Intangible Assets | $901.0K |
| Long-Term Investments | $3M |
| Tax Assets | $295.0K |
| Other Non-Current Assets | $81M |
| TOTAL NON-CURRENT ASSETS | $129M |
| TOTAL ASSETS | $463M |
| Account Payables | $14M |
| Short-Term Debt | $85M |
| Deferred Revenue | $37M |
| Other Current Liabilities | $6M |
| TOTAL CURRENT LIABILITIES | $179M |
| Long-Term Debt | $7M |
| Deferred Revenue NC | $9M |
| Deferred Tax Liabilities | $153.0K |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $18M |
| TOTAL LIABILITIES | $197M |
| Common Stock | $0 |
| Additional Paid-In Capital | $816M |
| Retained Earnings | -$450M |
| Treasury Stock | -$57M |
| Accum. Other Comp. Income | -$43M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $266M |
| Minority Interest | $0 |
| TOTAL EQUITY | $266M |
| TOTAL LIABILITIES & EQUITY | $463M |
| Total Debt | $95M |
| Net Debt | -$2M |
