| Metric | FY 2024 | Prior Q | FY 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $142M | — | $98M | — | 44.9% |
| Op. Income | -$166M | — | -$312M | — | 46.8% |
| Gross Margin | 8.2% | — | -43.4% | — | 51.6pp |
| Net Margin | -111.5% | — | -325.7% | — | 214.2pp |
| EPS (Diluted) | $-0.99 | — | $-2.03 | — | 51.3% |
| Free Cash Flow | -$115M | — | -$214M | — | 46.3% |
| Item | Amount |
|---|---|
| REVENUE | $142M |
| Cost of Revenue | $130M |
| GROSS PROFIT | $12M |
| R&D Expenses | $64M |
| Selling & Marketing | $23M |
| General & Administrative | $110M |
| SG&A Expenses | $133M |
| Other Expenses | -$19M |
| Operating Expenses | $178M |
| Cost & Expenses | $308M |
| OPERATING INCOME | -$166M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $15M |
| INCOME BEFORE TAX | -$151M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | -$159M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$159M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$159M |
| D&A | $33M |
| EBIT | -$165M |
| EBITDA | -$132M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$159M |
| Depreciation & Amortization | $33M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $92M |
| Change in Working Capital | -$81M |
| OPERATING CASH FLOW | -$109M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$350.0K |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $90M |
| NET CASH FROM INVESTING | $84M |
| Net Debt Issuance | $35M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $191M |
| NET CASH FROM FINANCING | $225M |
| FREE CASH FLOW | -$115M |
| Net Change in Cash | $200M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $43M |
| Short-Term Investments | $0 |
| Net Receivables | $62M |
| Inventory | $0 |
| Other Current Assets | $1.3B |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $32M |
| Goodwill | $0 |
| Intangible Assets | $162M |
| Long-Term Investments | $11M |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $206M |
| TOTAL ASSETS | $1.6B |
| Account Payables | $18M |
| Short-Term Debt | $680M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $612M |
| TOTAL CURRENT LIABILITIES | $1.3B |
| Long-Term Debt | $486M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $506M |
| TOTAL LIABILITIES | $1.9B |
| Common Stock | $0 |
| Additional Paid-In Capital | $662M |
| Retained Earnings | -$1.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$261M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$261M |
| TOTAL LIABILITIES & EQUITY | $1.6B |
| Total Debt | $1.2B |
| Net Debt | $1.1B |
