| Metric | FY 2024 | Prior Q | FY 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $227M | — | $251M | — | -9.7% |
| Op. Income | -$560M | — | -$864M | — | 35.2% |
| Gross Margin | 83.0% | — | 78.5% | — | 4.5pp |
| Net Margin | -240.9% | — | -355.1% | — | 114.1pp |
| EPS (Diluted) | $-10.54 | — | $-18.40 | — | 42.7% |
| Free Cash Flow | -$382M | — | -$336M | — | -13.6% |
| Item | Amount |
|---|---|
| REVENUE | $227M |
| Cost of Revenue | $39M |
| GROSS PROFIT | $188M |
| R&D Expenses | $424M |
| Selling & Marketing | $0 |
| General & Administrative | $246M |
| SG&A Expenses | $246M |
| Other Expenses | $78M |
| Operating Expenses | $748M |
| Cost & Expenses | $787M |
| OPERATING INCOME | -$560M |
| Interest Income | $39M |
| Interest Expense | $94.0K |
| Other Income/Expenses | $12M |
| INCOME BEFORE TAX | -$548M |
| Income Tax Expense | -$479.0K |
| Net Income from Continuing Ops | -$547M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$547M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$547M |
| D&A | $63M |
| EBIT | -$547M |
| EBITDA | -$484M |
| EPS | -$11 |
| EPS Diluted | -$11 |
| Item | Amount |
|---|---|
| Net Income | -$547M |
| Depreciation & Amortization | $63M |
| Stock-Based Compensation | $112M |
| Deferred Income Tax | -$936.0K |
| Other Non-Cash Items | $143M |
| Change in Working Capital | -$90M |
| OPERATING CASH FLOW | -$320M |
| Capital Expenditure | -$63M |
| Acquisitions (Net) | -$5M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $5M |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | -$62M |
| Net Debt Issuance | -$897.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$922.0K |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | -$382M |
| Net Change in Cash | -$384M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $562M |
| Short-Term Investments | $0 |
| Net Receivables | $22M |
| Inventory | $0 |
| Other Current Assets | $19M |
| TOTAL CURRENT ASSETS | $603M |
| PP&E (Net) | $598M |
| Goodwill | $0 |
| Intangible Assets | $73M |
| Long-Term Investments | $49M |
| Tax Assets | $0 |
| Other Non-Current Assets | $55M |
| TOTAL NON-CURRENT ASSETS | $775M |
| TOTAL ASSETS | $1.4B |
| Account Payables | $14M |
| Short-Term Debt | $0 |
| Deferred Revenue | $31M |
| Other Current Liabilities | $27M |
| TOTAL CURRENT LIABILITIES | $107M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $99M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $17M |
| TOTAL NON-CURRENT LIABILITIES | $554M |
| TOTAL LIABILITIES | $661M |
| Common Stock | $5.0K |
| Additional Paid-In Capital | $6.6B |
| Retained Earnings | -$5.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $716M |
| Minority Interest | $0 |
| TOTAL EQUITY | $716M |
| TOTAL LIABILITIES & EQUITY | $1.4B |
| Total Debt | $468M |
| Net Debt | -$94M |
