| Metric | FY 2023 | Prior Q | FY 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $777M | — | $586M | — | 32.6% |
| Op. Income | -$479M | — | -$463M | — | -3.5% |
| Gross Margin | 70.4% | — | 65.5% | — | 5.0pp |
| Net Margin | -57.0% | — | -77.2% | — | 20.2pp |
| EPS (Diluted) | $-1.47 | — | $-1.62 | — | 9.3% |
| Free Cash Flow | -$124M | — | -$172M | — | 27.6% |
| Item | Amount |
|---|---|
| REVENUE | $777M |
| Cost of Revenue | $230M |
| GROSS PROFIT | $547M |
| R&D Expenses | $349M |
| Selling & Marketing | $505M |
| General & Administrative | $138M |
| SG&A Expenses | $642M |
| Other Expenses | $35M |
| Operating Expenses | $1.0B |
| Cost & Expenses | $1.3B |
| OPERATING INCOME | -$479M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | $72M |
| INCOME BEFORE TAX | -$407M |
| Income Tax Expense | $36M |
| Net Income from Continuing Ops | -$443M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$443M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$443M |
| D&A | $14M |
| EBIT | -$444M |
| EBITDA | -$430M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$443M |
| Depreciation & Amortization | -$29M |
| Stock-Based Compensation | $350M |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | $72M |
| Change in Working Capital | -$56M |
| OPERATING CASH FLOW | -$104M |
| Capital Expenditure | -$21M |
| Acquisitions (Net) | -$56M |
| Purchases of Investments | -$1.6B |
| Sales/Maturities of Investments | $1.6B |
| Other Investing Activities | -$18M |
| NET CASH FROM INVESTING | -$85M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$255.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $103M |
| NET CASH FROM FINANCING | $102M |
| FREE CASH FLOW | -$124M |
| Net Change in Cash | -$86M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $350M |
| Short-Term Investments | $1.6B |
| Net Receivables | $230M |
| Inventory | $0 |
| Other Current Assets | $121M |
| TOTAL CURRENT ASSETS | $2.3B |
| PP&E (Net) | $64M |
| Goodwill | $52M |
| Intangible Assets | $3M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $90M |
| TOTAL NON-CURRENT ASSETS | $209M |
| TOTAL ASSETS | $2.5B |
| Account Payables | $7M |
| Short-Term Debt | $0 |
| Deferred Revenue | $331M |
| Other Current Liabilities | $111M |
| TOTAL CURRENT LIABILITIES | $487M |
| Long-Term Debt | $1.1B |
| Deferred Revenue NC | $22M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $35M |
| TOTAL NON-CURRENT LIABILITIES | $1.2B |
| TOTAL LIABILITIES | $1.7B |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $2.5B |
| Retained Earnings | -$1.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $810M |
| Minority Interest | $0 |
| TOTAL EQUITY | $810M |
| TOTAL LIABILITIES & EQUITY | $2.5B |
| Total Debt | $1.1B |
| Net Debt | $764M |
