| Metric | FY 2023 | Prior Q | FY 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $47M | — | $141M | — | -66.7% |
| Op. Income | -$323M | — | -$301M | — | -7.2% |
| Gross Margin | 91.5% | — | 85.6% | — | 5.9pp |
| Net Margin | -607.3% | — | -208.7% | — | -398.6pp |
| EPS (Diluted) | $-2.92 | — | $-3.15 | — | 7.3% |
| Free Cash Flow | -$318M | — | -$185M | — | -71.9% |
| Item | Amount |
|---|---|
| REVENUE | $47M |
| Cost of Revenue | $4M |
| GROSS PROFIT | $43M |
| R&D Expenses | $266M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $86M |
| Other Expenses | $13M |
| Operating Expenses | $366M |
| Cost & Expenses | $370M |
| OPERATING INCOME | -$323M |
| Interest Income | $8M |
| Interest Expense | $8M |
| Other Income/Expenses | -$501.0K |
| INCOME BEFORE TAX | -$323M |
| Income Tax Expense | -$252.0K |
| Net Income from Continuing Ops | -$323M |
| Net Income from Discontinued Ops | $39M |
| Other Adjustments | $0 |
| NET INCOME | -$284M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$284M |
| D&A | $10M |
| EBIT | -$315M |
| EBITDA | -$305M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$284M |
| Depreciation & Amortization | $10M |
| Stock-Based Compensation | $51M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $28M |
| Change in Working Capital | -$120M |
| OPERATING CASH FLOW | -$315M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $656.0K |
| Purchases of Investments | -$252M |
| Sales/Maturities of Investments | $407M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $154M |
| Net Debt Issuance | $74M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $748.0K |
| NET CASH FROM FINANCING | $123M |
| FREE CASH FLOW | -$318M |
| Net Change in Cash | -$42M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $114M |
| Short-Term Investments | $122M |
| Net Receivables | $41M |
| Inventory | $42M |
| Other Current Assets | $7M |
| TOTAL CURRENT ASSETS | $332M |
| PP&E (Net) | $81M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $5M |
| Tax Assets | $0 |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $92M |
| TOTAL ASSETS | $424M |
| Account Payables | $18M |
| Short-Term Debt | $40.0K |
| Deferred Revenue | $13M |
| Other Current Liabilities | $153M |
| TOTAL CURRENT LIABILITIES | $218M |
| Long-Term Debt | $90M |
| Deferred Revenue NC | $158M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $54M |
| TOTAL NON-CURRENT LIABILITIES | $368M |
| TOTAL LIABILITIES | $586M |
| Common Stock | $988.0K |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | -$1.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$7M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$204M |
| Minority Interest | $42M |
| TOTAL EQUITY | -$162M |
| TOTAL LIABILITIES & EQUITY | $424M |
| Total Debt | $170M |
| Net Debt | $57M |
