| Metric | FY 2024 | Prior Q | FY 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $267M | — | $257M | — | 3.8% |
| Op. Income | -$112M | — | -$203M | — | 45.0% |
| Gross Margin | 56.0% | — | 38.2% | — | 17.8pp |
| Net Margin | 10.7% | — | -92.5% | — | 103.2pp |
| EPS (Diluted) | $0.25 | — | $-2.53 | — | 109.9% |
| Free Cash Flow | -$20M | — | -$175M | — | 88.3% |
| Item | Amount |
|---|---|
| REVENUE | $267M |
| Cost of Revenue | $118M |
| GROSS PROFIT | $149M |
| R&D Expenses | $93M |
| Selling & Marketing | $11M |
| General & Administrative | $140M |
| SG&A Expenses | $150M |
| Other Expenses | $17M |
| Operating Expenses | $261M |
| Cost & Expenses | $379M |
| OPERATING INCOME | -$112M |
| Interest Income | $0 |
| Interest Expense | $27M |
| Other Income/Expenses | $140M |
| INCOME BEFORE TAX | $29M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $29M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $29M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $29M |
| D&A | $5M |
| EBIT | $56M |
| EBITDA | $61M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $29M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $28M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$138M |
| Change in Working Capital | $56M |
| OPERATING CASH FLOW | -$20M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $15M |
| Other Investing Activities | $215M |
| NET CASH FROM INVESTING | $230M |
| Net Debt Issuance | -$223M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $35M |
| NET CASH FROM FINANCING | -$187M |
| FREE CASH FLOW | -$20M |
| Net Change in Cash | $23M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $126M |
| Short-Term Investments | $0 |
| Net Receivables | $122M |
| Inventory | $70M |
| Other Current Assets | $12M |
| TOTAL CURRENT ASSETS | $342M |
| PP&E (Net) | $3M |
| Goodwill | $0 |
| Intangible Assets | $54M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $50M |
| TOTAL NON-CURRENT ASSETS | $107M |
| TOTAL ASSETS | $449M |
| Account Payables | $28M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $33M |
| TOTAL CURRENT LIABILITIES | $283M |
| Long-Term Debt | $265M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1M |
| Other Non-Current Liabilities | $28M |
| TOTAL NON-CURRENT LIABILITIES | $298M |
| TOTAL LIABILITIES | $581M |
| Common Stock | $12.0K |
| Additional Paid-In Capital | $1.4B |
| Retained Earnings | -$1.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$275.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$132M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$132M |
| TOTAL LIABILITIES & EQUITY | $449M |
| Total Debt | $270M |
| Net Debt | $144M |
