| Metric | FY 2023 | Prior Q | FY 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $570M | — | $409M | — | 39.3% |
| Op. Income | -$137M | — | -$189M | — | 27.6% |
| Gross Margin | 41.0% | — | 38.7% | — | 2.3pp |
| Net Margin | -23.5% | — | -47.8% | — | 24.3pp |
| EPS (Diluted) | $-0.81 | — | $-1.24 | — | 34.7% |
| Free Cash Flow | $106M | — | $73M | — | 45.6% |
| Item | Amount |
|---|---|
| REVENUE | $570M |
| Cost of Revenue | $336M |
| GROSS PROFIT | $234M |
| R&D Expenses | $98M |
| Selling & Marketing | $217M |
| General & Administrative | $56M |
| SG&A Expenses | $273M |
| Other Expenses | $0 |
| Operating Expenses | $371M |
| Cost & Expenses | $707M |
| OPERATING INCOME | -$137M |
| Interest Income | $5M |
| Interest Expense | $0 |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | -$132M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$134M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$134M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$134M |
| D&A | $173M |
| EBIT | -$137M |
| EBITDA | $36M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$134M |
| Depreciation & Amortization | $173M |
| Stock-Based Compensation | $45M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$3M |
| Change in Working Capital | $27M |
| OPERATING CASH FLOW | $108M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $53M |
| Purchases of Investments | -$179M |
| Sales/Maturities of Investments | $126M |
| Other Investing Activities | -$53M |
| NET CASH FROM INVESTING | -$55M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | $106M |
| Net Change in Cash | $57M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $200M |
| Short-Term Investments | $117M |
| Net Receivables | $186M |
| Inventory | $970.0K |
| Other Current Assets | $160M |
| TOTAL CURRENT ASSETS | $520M |
| PP&E (Net) | $33M |
| Goodwill | $368M |
| Intangible Assets | $78M |
| Long-Term Investments | $196M |
| Tax Assets | $0 |
| Other Non-Current Assets | $7M |
| TOTAL NON-CURRENT ASSETS | $682M |
| TOTAL ASSETS | $1.2B |
| Account Payables | $51M |
| Short-Term Debt | $0 |
| Deferred Revenue | $11M |
| Other Current Liabilities | $70M |
| TOTAL CURRENT LIABILITIES | $274M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $7M |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $27M |
| TOTAL LIABILITIES | $300M |
| Common Stock | $0 |
| Additional Paid-In Capital | $1.4B |
| Retained Earnings | -$457M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $902M |
| Minority Interest | $0 |
| TOTAL EQUITY | $902M |
| TOTAL LIABILITIES & EQUITY | $1.2B |
| Total Debt | $23M |
| Net Debt | -$177M |
