| Metric | FY 2023 | Prior Q | FY 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $550M | — | $486M | — | 13.1% |
| Op. Income | -$15M | — | -$34M | — | 56.6% |
| Gross Margin | 33.5% | — | 37.0% | — | -3.4pp |
| Net Margin | -4.9% | — | -6.8% | — | 1.9pp |
| EPS (Diluted) | $-0.96 | — | $-1.25 | — | 23.2% |
| Free Cash Flow | -$23M | — | -$18M | — | -29.1% |
| Item | Amount |
|---|---|
| REVENUE | $550M |
| Cost of Revenue | $366M |
| GROSS PROFIT | $184M |
| R&D Expenses | $49M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $120M |
| Other Expenses | $30M |
| Operating Expenses | $199M |
| Cost & Expenses | $565M |
| OPERATING INCOME | -$15M |
| Interest Income | $0 |
| Interest Expense | $16M |
| Other Income/Expenses | -$16M |
| INCOME BEFORE TAX | -$31M |
| Income Tax Expense | -$4M |
| Net Income from Continuing Ops | -$27M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$27M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$34M |
| D&A | $33M |
| EBIT | -$15M |
| EBITDA | $19M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$27M |
| Depreciation & Amortization | $33M |
| Stock-Based Compensation | $14M |
| Deferred Income Tax | -$6M |
| Other Non-Cash Items | $4M |
| Change in Working Capital | -$23M |
| OPERATING CASH FLOW | -$4M |
| Capital Expenditure | -$18M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$18M |
| Net Debt Issuance | $35M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$9M |
| Other Financing Activities | -$6M |
| NET CASH FROM FINANCING | $20M |
| FREE CASH FLOW | -$23M |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $19M |
| Short-Term Investments | $0 |
| Net Receivables | $163M |
| Inventory | $106M |
| Other Current Assets | $18M |
| TOTAL CURRENT ASSETS | $305M |
| PP&E (Net) | $97M |
| Goodwill | $348M |
| Intangible Assets | $226M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $20M |
| TOTAL NON-CURRENT ASSETS | $691M |
| TOTAL ASSETS | $996M |
| Account Payables | $64M |
| Short-Term Debt | $4M |
| Deferred Revenue | $66M |
| Other Current Liabilities | $12M |
| TOTAL CURRENT LIABILITIES | $212M |
| Long-Term Debt | $160M |
| Deferred Revenue NC | $18M |
| Deferred Tax Liabilities | $9M |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $234M |
| TOTAL LIABILITIES | $446M |
| Common Stock | $4M |
| Additional Paid-In Capital | $637M |
| Retained Earnings | $239M |
| Treasury Stock | -$442M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $551M |
| Minority Interest | $0 |
| TOTAL EQUITY | $551M |
| TOTAL LIABILITIES & EQUITY | $996M |
| Total Debt | $215M |
| Net Debt | $196M |
