| Metric | FY 2023 | Prior Q | FY 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $78M | — | $49M | — | 59.0% |
| Op. Income | -$31M | — | -$30M | — | -4.9% |
| Gross Margin | 20.9% | — | 12.2% | — | 8.7pp |
| Net Margin | -101.7% | — | -77.3% | — | -24.3pp |
| EPS (Diluted) | $-4.16 | — | $-1.99 | — | -109.0% |
| Free Cash Flow | -$42M | — | -$33M | — | -24.3% |
| Item | Amount |
|---|---|
| REVENUE | $78M |
| Cost of Revenue | $62M |
| GROSS PROFIT | $16M |
| R&D Expenses | $16M |
| Selling & Marketing | $15M |
| General & Administrative | $16M |
| SG&A Expenses | $31M |
| Other Expenses | $0 |
| Operating Expenses | $48M |
| Cost & Expenses | $109M |
| OPERATING INCOME | -$31M |
| Interest Income | $0 |
| Interest Expense | $13M |
| Other Income/Expenses | -$48M |
| INCOME BEFORE TAX | -$79M |
| Income Tax Expense | $183.0K |
| Net Income from Continuing Ops | -$79M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$79M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$79M |
| D&A | $6M |
| EBIT | -$66M |
| EBITDA | -$60M |
| EPS | -$4 |
| EPS Diluted | -$4 |
| Item | Amount |
|---|---|
| Net Income | -$79M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $42M |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | -$31M |
| Capital Expenditure | -$10M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$194.0K |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$5M |
| NET CASH FROM INVESTING | -$11M |
| Net Debt Issuance | $42M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | $42M |
| FREE CASH FLOW | -$42M |
| Net Change in Cash | $9.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5M |
| Short-Term Investments | $0 |
| Net Receivables | $20M |
| Inventory | $13M |
| Other Current Assets | $7M |
| TOTAL CURRENT ASSETS | $47M |
| PP&E (Net) | $33M |
| Goodwill | $22M |
| Intangible Assets | $24M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $81M |
| TOTAL ASSETS | $128M |
| Account Payables | $14M |
| Short-Term Debt | $28M |
| Deferred Revenue | $742.0K |
| Other Current Liabilities | $10M |
| TOTAL CURRENT LIABILITIES | $65M |
| Long-Term Debt | $95M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $26M |
| TOTAL NON-CURRENT LIABILITIES | $129M |
| TOTAL LIABILITIES | $194M |
| Common Stock | $320.0K |
| Additional Paid-In Capital | $35M |
| Retained Earnings | -$172M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$515.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$66M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$66M |
| TOTAL LIABILITIES & EQUITY | $128M |
| Total Debt | $135M |
| Net Debt | $130M |
