| Metric | FY 2023 | Prior Q | FY 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $257M | — | $211M | — | 21.9% |
| Op. Income | -$203M | — | -$257M | — | 20.9% |
| Gross Margin | 38.2% | — | 66.8% | — | -28.6pp |
| Net Margin | -92.5% | — | -138.2% | — | 45.8pp |
| EPS (Diluted) | $-2.53 | — | $-3.76 | — | 32.7% |
| Free Cash Flow | -$175M | — | -$243M | — | 28.0% |
| Item | Amount |
|---|---|
| REVENUE | $257M |
| Cost of Revenue | $159M |
| GROSS PROFIT | $98M |
| R&D Expenses | $109M |
| Selling & Marketing | $11M |
| General & Administrative | $175M |
| SG&A Expenses | $186M |
| Other Expenses | $6M |
| Operating Expenses | $301M |
| Cost & Expenses | $460M |
| OPERATING INCOME | -$203M |
| Interest Income | $0 |
| Interest Expense | $41M |
| Other Income/Expenses | -$35M |
| INCOME BEFORE TAX | -$238M |
| Income Tax Expense | -$380.0K |
| Net Income from Continuing Ops | -$238M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$238M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$238M |
| D&A | $4M |
| EBIT | -$198M |
| EBITDA | -$194M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$238M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $43M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $53M |
| Change in Working Capital | -$37M |
| OPERATING CASH FLOW | -$175M |
| Capital Expenditure | -$286.0K |
| Acquisitions (Net) | $845.0K |
| Purchases of Investments | -$20M |
| Sales/Maturities of Investments | $158M |
| Other Investing Activities | $6M |
| NET CASH FROM INVESTING | $145M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$5M |
| NET CASH FROM FINANCING | $70M |
| FREE CASH FLOW | -$175M |
| Net Change in Cash | $39M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $103M |
| Short-Term Investments | $15M |
| Net Receivables | $261M |
| Inventory | $63M |
| Other Current Assets | $11M |
| TOTAL CURRENT ASSETS | $476M |
| PP&E (Net) | $5M |
| Goodwill | $943.0K |
| Intangible Assets | $71M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $77M |
| TOTAL NON-CURRENT ASSETS | $154M |
| TOTAL ASSETS | $630M |
| Account Payables | $35M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $22M |
| TOTAL CURRENT LIABILITIES | $332M |
| Long-Term Debt | $473M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1M |
| Other Non-Current Liabilities | $11M |
| TOTAL NON-CURRENT LIABILITIES | $491M |
| TOTAL LIABILITIES | $823M |
| Common Stock | $11.0K |
| Additional Paid-In Capital | $1.4B |
| Retained Earnings | -$1.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$248.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$193M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$193M |
| TOTAL LIABILITIES & EQUITY | $630M |
| Total Debt | $481M |
| Net Debt | $378M |
