| Metric | FY 2023 | Prior Q | FY 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $11M | — | $7M | — | 61.9% |
| Op. Income | -$48M | — | -$74M | — | 34.9% |
| Gross Margin | 43.1% | — | 13.3% | — | 29.8pp |
| Net Margin | -401.0% | — | -1073.7% | — | 672.7pp |
| EPS (Diluted) | $-0.62 | — | $-1.04 | — | 40.4% |
| Free Cash Flow | -$43M | — | -$73M | — | 41.6% |
| Item | Amount |
|---|---|
| REVENUE | $11M |
| Cost of Revenue | $6M |
| GROSS PROFIT | $5M |
| R&D Expenses | $22M |
| Selling & Marketing | $10M |
| General & Administrative | $20M |
| SG&A Expenses | $30M |
| Other Expenses | $0 |
| Operating Expenses | $53M |
| Cost & Expenses | $59M |
| OPERATING INCOME | -$48M |
| Interest Income | $4M |
| Interest Expense | $0 |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | -$44M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$44M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$44M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$44M |
| D&A | $1M |
| EBIT | -$48M |
| EBITDA | -$47M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$44M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $249.0K |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | -$42M |
| Capital Expenditure | -$804.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$804.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $174.0K |
| FREE CASH FLOW | -$43M |
| Net Change in Cash | -$42M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $75M |
| Short-Term Investments | $0 |
| Net Receivables | $4M |
| Inventory | $7M |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $89M |
| PP&E (Net) | $3M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $5M |
| TOTAL ASSETS | $94M |
| Account Payables | $1M |
| Short-Term Debt | $0 |
| Deferred Revenue | $2M |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $9M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $968.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $64.0K |
| TOTAL NON-CURRENT LIABILITIES | $1M |
| TOTAL LIABILITIES | $10M |
| Common Stock | $7.0K |
| Additional Paid-In Capital | $338M |
| Retained Earnings | -$254M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $84M |
| Minority Interest | $0 |
| TOTAL EQUITY | $84M |
| TOTAL LIABILITIES & EQUITY | $94M |
| Total Debt | $185.0K |
| Net Debt | -$75M |
