| Metric | FY 2023 | Prior Q | FY 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $413M | — | $341M | — | 21.1% |
| Op. Income | -$74M | — | -$183M | — | 59.4% |
| Gross Margin | 16.7% | — | 0.8% | — | 15.9pp |
| Net Margin | -20.7% | — | -53.3% | — | 32.5pp |
| EPS (Diluted) | $-0.38 | — | $-0.91 | — | 58.2% |
| Free Cash Flow | -$34M | — | -$51M | — | 32.8% |
| Item | Amount |
|---|---|
| REVENUE | $413M |
| Cost of Revenue | $344M |
| GROSS PROFIT | $69M |
| R&D Expenses | $26M |
| Selling & Marketing | $29M |
| General & Administrative | $85M |
| SG&A Expenses | $115M |
| Other Expenses | $2M |
| Operating Expenses | $143M |
| Cost & Expenses | $487M |
| OPERATING INCOME | -$74M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | -$80M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | -$86M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$86M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$86M |
| D&A | $77M |
| EBIT | -$72M |
| EBITDA | $6M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$86M |
| Depreciation & Amortization | $77M |
| Stock-Based Compensation | $35M |
| Deferred Income Tax | -$444.0K |
| Other Non-Cash Items | $13M |
| Change in Working Capital | -$25M |
| OPERATING CASH FLOW | $15M |
| Capital Expenditure | -$49M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$44M |
| NET CASH FROM INVESTING | -$48M |
| Net Debt Issuance | -$7M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $7M |
| NET CASH FROM FINANCING | -$596.0K |
| FREE CASH FLOW | -$34M |
| Net Change in Cash | -$33M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $100M |
| Short-Term Investments | $0 |
| Net Receivables | $117M |
| Inventory | $347.0K |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $245M |
| PP&E (Net) | $19M |
| Goodwill | $326M |
| Intangible Assets | $130M |
| Long-Term Investments | $26M |
| Tax Assets | $0 |
| Other Non-Current Assets | $30M |
| TOTAL NON-CURRENT ASSETS | $531M |
| TOTAL ASSETS | $776M |
| Account Payables | $57M |
| Short-Term Debt | $8M |
| Deferred Revenue | $44M |
| Other Current Liabilities | $11M |
| TOTAL CURRENT LIABILITIES | $183M |
| Long-Term Debt | $19.0K |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $15M |
| Other Non-Current Liabilities | $936.0K |
| TOTAL NON-CURRENT LIABILITIES | $20M |
| TOTAL LIABILITIES | $203M |
| Common Stock | $2M |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | -$1.0B |
| Treasury Stock | -$18M |
| Accum. Other Comp. Income | -$33M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $573M |
| Minority Interest | $0 |
| TOTAL EQUITY | $573M |
| TOTAL LIABILITIES & EQUITY | $776M |
| Total Debt | $15M |
| Net Debt | -$86M |
