| Metric | FY 2024 | Prior Q | FY 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $801M | — | $1.0B | — | -20.3% |
| Op. Income | -$135M | — | -$75M | — | -78.9% |
| Gross Margin | 33.8% | — | 32.2% | — | 1.7pp |
| Net Margin | -53.9% | — | -5.3% | — | -48.7pp |
| EPS (Diluted) | $-2.82 | — | $-0.35 | — | -705.7% |
| Free Cash Flow | -$129M | — | -$34M | — | -275.7% |
| Item | Amount |
|---|---|
| REVENUE | $801M |
| Cost of Revenue | $530M |
| GROSS PROFIT | $271M |
| R&D Expenses | $186M |
| Selling & Marketing | $161M |
| General & Administrative | $60M |
| SG&A Expenses | $220M |
| Other Expenses | $0 |
| Operating Expenses | $406M |
| Cost & Expenses | $937M |
| OPERATING INCOME | -$135M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$133M |
| Income Tax Expense | $299M |
| Net Income from Continuing Ops | -$432M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$432M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$432M |
| D&A | $6M |
| EBIT | -$130M |
| EBITDA | -$123M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$432M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $29M |
| Deferred Income Tax | $297M |
| Other Non-Cash Items | $5M |
| Change in Working Capital | -$30M |
| OPERATING CASH FLOW | -$125M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | -$12M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $24M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $8M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$929.0K |
| FREE CASH FLOW | -$129M |
| Net Change in Cash | -$120M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $103M |
| Short-Term Investments | $0 |
| Net Receivables | $86M |
| Inventory | $121M |
| Other Current Assets | $30M |
| TOTAL CURRENT ASSETS | $339M |
| PP&E (Net) | $23M |
| Goodwill | $152M |
| Intangible Assets | $6M |
| Long-Term Investments | $0 |
| Tax Assets | $765.0K |
| Other Non-Current Assets | $22M |
| TOTAL NON-CURRENT ASSETS | $204M |
| TOTAL ASSETS | $544M |
| Account Payables | $86M |
| Short-Term Debt | $93M |
| Deferred Revenue | $58M |
| Other Current Liabilities | $19M |
| TOTAL CURRENT LIABILITIES | $356M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $18M |
| TOTAL NON-CURRENT LIABILITIES | $36M |
| TOTAL LIABILITIES | $392M |
| Common Stock | $1.0B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$682M |
| Treasury Stock | -$193M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $152M |
| Minority Interest | $0 |
| TOTAL EQUITY | $152M |
| TOTAL LIABILITIES & EQUITY | $544M |
| Total Debt | $122M |
| Net Debt | $19M |
