| Metric | FY 2023 | Prior Q | FY 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $350M | — | $280M | — | 24.9% |
| Op. Income | -$76M | — | -$90M | — | 15.9% |
| Gross Margin | 78.0% | — | 77.8% | — | 0.2pp |
| Net Margin | -17.5% | — | -32.2% | — | 14.7pp |
| EPS (Diluted) | $-0.59 | — | $-0.91 | — | 35.2% |
| Free Cash Flow | $72M | — | $17M | — | 329.7% |
| Item | Amount |
|---|---|
| REVENUE | $350M |
| Cost of Revenue | $77M |
| GROSS PROFIT | $273M |
| R&D Expenses | $135M |
| Selling & Marketing | $151M |
| General & Administrative | $63M |
| SG&A Expenses | $214M |
| Other Expenses | $0 |
| Operating Expenses | $348M |
| Cost & Expenses | $425M |
| OPERATING INCOME | -$76M |
| Interest Income | $21M |
| Interest Expense | $0 |
| Other Income/Expenses | $21M |
| INCOME BEFORE TAX | -$55M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | -$61M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$61M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$61M |
| D&A | $15M |
| EBIT | -$76M |
| EBITDA | -$60M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$61M |
| Depreciation & Amortization | $15M |
| Stock-Based Compensation | $95M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| Change in Working Capital | $23M |
| OPERATING CASH FLOW | $74M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$392M |
| Sales/Maturities of Investments | $341M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$53M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | $18M |
| FREE CASH FLOW | $72M |
| Net Change in Cash | $39M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $85M |
| Short-Term Investments | $460M |
| Net Receivables | $76M |
| Inventory | $0 |
| Other Current Assets | $24M |
| TOTAL CURRENT ASSETS | $646M |
| PP&E (Net) | $29M |
| Goodwill | $248M |
| Intangible Assets | $26M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $24M |
| TOTAL NON-CURRENT ASSETS | $327M |
| TOTAL ASSETS | $973M |
| Account Payables | $17M |
| Short-Term Debt | $8M |
| Deferred Revenue | $201M |
| Other Current Liabilities | $11M |
| TOTAL CURRENT LIABILITIES | $262M |
| Long-Term Debt | $14M |
| Deferred Revenue NC | $13M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$10M |
| TOTAL NON-CURRENT LIABILITIES | $31M |
| TOTAL LIABILITIES | $293M |
| Common Stock | $297.0K |
| Additional Paid-In Capital | $968M |
| Retained Earnings | -$290M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $679M |
| Minority Interest | $0 |
| TOTAL EQUITY | $679M |
| TOTAL LIABILITIES & EQUITY | $973M |
| Total Debt | $36M |
| Net Debt | -$49M |
