| Metric | FY 2023 | Prior Q | FY 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $636M | — | $524M | — | 21.4% |
| Op. Income | -$146M | — | -$177M | — | 17.9% |
| Gross Margin | 51.9% | — | 63.3% | — | -11.4pp |
| Net Margin | -18.3% | — | -33.5% | — | 15.1pp |
| EPS (Diluted) | $-0.77 | — | $-1.21 | — | 36.4% |
| Free Cash Flow | $13M | — | -$52M | — | 125.5% |
| Item | Amount |
|---|---|
| REVENUE | $636M |
| Cost of Revenue | $306M |
| GROSS PROFIT | $330M |
| R&D Expenses | $160M |
| Selling & Marketing | $223M |
| General & Administrative | $98M |
| SG&A Expenses | $321M |
| Other Expenses | -$6M |
| Operating Expenses | $475M |
| Cost & Expenses | $781M |
| OPERATING INCOME | -$146M |
| Interest Income | $34M |
| Interest Expense | $0 |
| Other Income/Expenses | $34M |
| INCOME BEFORE TAX | -$111M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | -$117M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$117M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$117M |
| D&A | $22M |
| EBIT | -$151M |
| EBITDA | -$129M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$117M |
| Depreciation & Amortization | $22M |
| Stock-Based Compensation | $110M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$9M |
| Change in Working Capital | $24M |
| OPERATING CASH FLOW | $30M |
| Capital Expenditure | -$16M |
| Acquisitions (Net) | -$2M |
| Purchases of Investments | -$123M |
| Sales/Maturities of Investments | $530M |
| Other Investing Activities | -$19M |
| NET CASH FROM INVESTING | $385M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$58M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$21M |
| NET CASH FROM FINANCING | -$79M |
| FREE CASH FLOW | $13M |
| Net Change in Cash | $335M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $656M |
| Short-Term Investments | $66M |
| Net Receivables | $67M |
| Inventory | $0 |
| Other Current Assets | $17M |
| TOTAL CURRENT ASSETS | $806M |
| PP&E (Net) | $35M |
| Goodwill | $0 |
| Intangible Assets | $12M |
| Long-Term Investments | $2M |
| Tax Assets | $0 |
| Other Non-Current Assets | $66M |
| TOTAL NON-CURRENT ASSETS | $114M |
| TOTAL ASSETS | $921M |
| Account Payables | $124M |
| Short-Term Debt | $7M |
| Deferred Revenue | $137M |
| Other Current Liabilities | $8M |
| TOTAL CURRENT LIABILITIES | $298M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $3M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $6M |
| TOTAL LIABILITIES | $304M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $1.5B |
| Retained Earnings | -$781M |
| Treasury Stock | -$63M |
| Accum. Other Comp. Income | $59.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $616M |
| Minority Interest | $0 |
| TOTAL EQUITY | $616M |
| TOTAL LIABILITIES & EQUITY | $921M |
| Total Debt | $7M |
| Net Debt | -$650M |
