| Metric | FY 2023 | Prior Q | FY 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $315M | — | $283M | — | 11.3% |
| Op. Income | -$129M | — | -$82M | — | -56.4% |
| Gross Margin | 76.0% | — | 75.6% | — | 0.4pp |
| Net Margin | -42.8% | — | -35.1% | — | -7.7pp |
| EPS (Diluted) | $-2.78 | — | $-2.09 | — | -33.0% |
| Free Cash Flow | -$78M | — | -$63M | — | -23.1% |
| Item | Amount |
|---|---|
| REVENUE | $315M |
| Cost of Revenue | $76M |
| GROSS PROFIT | $239M |
| R&D Expenses | $139M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $224M |
| Other Expenses | $5M |
| Operating Expenses | $368M |
| Cost & Expenses | $443M |
| OPERATING INCOME | -$129M |
| Interest Income | $9M |
| Interest Expense | $14M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | -$134M |
| Income Tax Expense | $934.0K |
| Net Income from Continuing Ops | -$135M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$135M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$135M |
| D&A | $38M |
| EBIT | -$120M |
| EBITDA | -$82M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$135M |
| Depreciation & Amortization | $38M |
| Stock-Based Compensation | $44M |
| Deferred Income Tax | -$120.0K |
| Other Non-Cash Items | $6M |
| Change in Working Capital | -$10M |
| OPERATING CASH FLOW | -$58M |
| Capital Expenditure | -$20M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$266M |
| Sales/Maturities of Investments | $303M |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | $14M |
| Net Debt Issuance | -$711.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | $15M |
| FREE CASH FLOW | -$78M |
| Net Change in Cash | -$26M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $93M |
| Short-Term Investments | $202M |
| Net Receivables | $40M |
| Inventory | $42M |
| Other Current Assets | $18M |
| TOTAL CURRENT ASSETS | $395M |
| PP&E (Net) | $175M |
| Goodwill | $66M |
| Intangible Assets | $283M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $21M |
| TOTAL NON-CURRENT ASSETS | $545M |
| TOTAL ASSETS | $940M |
| Account Payables | $13M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $21M |
| TOTAL CURRENT LIABILITIES | $74M |
| Long-Term Debt | $283M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $7M |
| Other Non-Current Liabilities | $14M |
| TOTAL NON-CURRENT LIABILITIES | $405M |
| TOTAL LIABILITIES | $479M |
| Common Stock | $49.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | -$599M |
| Treasury Stock | -$132.0K |
| Accum. Other Comp. Income | $1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $462M |
| Minority Interest | $0 |
| TOTAL EQUITY | $462M |
| TOTAL LIABILITIES & EQUITY | $940M |
| Total Debt | $384M |
| Net Debt | $290M |
