| Metric | FY 2023 | Prior Q | FY 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $220M | — | $297M | — | -25.8% |
| Op. Income | -$61M | — | $20M | — | -406.1% |
| Gross Margin | 31.3% | — | 48.9% | — | -17.6pp |
| Net Margin | -35.2% | — | 6.8% | — | -42.0pp |
| EPS (Diluted) | $-2.81 | — | $0.72 | — | -490.3% |
| Free Cash Flow | -$22M | — | -$12M | — | -75.1% |
| Item | Amount |
|---|---|
| REVENUE | $220M |
| Cost of Revenue | $151M |
| GROSS PROFIT | $69M |
| R&D Expenses | $53M |
| Selling & Marketing | $43M |
| General & Administrative | $27M |
| SG&A Expenses | $70M |
| Other Expenses | $6M |
| Operating Expenses | $130M |
| Cost & Expenses | $281M |
| OPERATING INCOME | -$61M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | -$64M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | -$77M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$77M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$77M |
| D&A | $9M |
| EBIT | -$61M |
| EBITDA | -$52M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$77M |
| Depreciation & Amortization | $9M |
| Stock-Based Compensation | $12M |
| Deferred Income Tax | $9M |
| Other Non-Cash Items | $16M |
| Change in Working Capital | $14M |
| OPERATING CASH FLOW | -$17M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$7M |
| NET CASH FROM INVESTING | -$11M |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | -$700.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$822.0K |
| NET CASH FROM FINANCING | -$1M |
| FREE CASH FLOW | -$22M |
| Net Change in Cash | -$29M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $19M |
| Short-Term Investments | $0 |
| Net Receivables | $64M |
| Inventory | $67M |
| Other Current Assets | $6M |
| TOTAL CURRENT ASSETS | $163M |
| PP&E (Net) | $21M |
| Goodwill | $10M |
| Intangible Assets | $20M |
| Long-Term Investments | $0 |
| Tax Assets | $4M |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $55M |
| TOTAL ASSETS | $218M |
| Account Payables | $19M |
| Short-Term Debt | $3M |
| Deferred Revenue | $9M |
| Other Current Liabilities | $18M |
| TOTAL CURRENT LIABILITIES | $96M |
| Long-Term Debt | $22M |
| Deferred Revenue NC | $10M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $41M |
| TOTAL LIABILITIES | $137M |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $153M |
| Retained Earnings | -$65M |
| Treasury Stock | -$6M |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $81M |
| Minority Interest | $0 |
| TOTAL EQUITY | $81M |
| TOTAL LIABILITIES & EQUITY | $218M |
| Total Debt | $32M |
| Net Debt | $13M |
