| Metric | FY 2022 | Prior Q | FY 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $98M | — | $131M | — | -25.0% |
| Op. Income | -$116M | — | -$67M | — | -72.3% |
| Gross Margin | 37.8% | — | 53.1% | — | -15.3pp |
| Net Margin | -194.1% | — | -45.4% | — | -148.7pp |
| EPS (Diluted) | $-2.43 | — | $-0.78 | — | -211.5% |
| Free Cash Flow | -$93M | — | -$57M | — | -62.6% |
| Item | Amount |
|---|---|
| REVENUE | $98M |
| Cost of Revenue | $61M |
| GROSS PROFIT | $37M |
| R&D Expenses | $37M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $102M |
| Other Expenses | $14M |
| Operating Expenses | $153M |
| Cost & Expenses | $214M |
| OPERATING INCOME | -$116M |
| Interest Income | $2M |
| Interest Expense | $4M |
| Other Income/Expenses | -$77M |
| INCOME BEFORE TAX | -$193M |
| Income Tax Expense | -$3M |
| Net Income from Continuing Ops | -$190M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$190M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$190M |
| D&A | $15M |
| EBIT | -$189M |
| EBITDA | -$174M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$190M |
| Depreciation & Amortization | $15M |
| Stock-Based Compensation | $15M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $83M |
| Change in Working Capital | -$12M |
| OPERATING CASH FLOW | -$89M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$84M |
| NET CASH FROM INVESTING | -$88M |
| Net Debt Issuance | $18M |
| Common Stock Repurchased | -$774.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $213M |
| NET CASH FROM FINANCING | $231M |
| FREE CASH FLOW | -$93M |
| Net Change in Cash | $53M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $81M |
| Short-Term Investments | $84M |
| Net Receivables | $17M |
| Inventory | $21M |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $209M |
| PP&E (Net) | $60M |
| Goodwill | $106M |
| Intangible Assets | $13M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $181M |
| TOTAL ASSETS | $390M |
| Account Payables | $8M |
| Short-Term Debt | $2M |
| Deferred Revenue | $14M |
| Other Current Liabilities | $4M |
| TOTAL CURRENT LIABILITIES | $43M |
| Long-Term Debt | $63M |
| Deferred Revenue NC | $18M |
| Deferred Tax Liabilities | $1M |
| Other Non-Current Liabilities | $312M |
| TOTAL NON-CURRENT LIABILITIES | $428M |
| TOTAL LIABILITIES | $472M |
| Common Stock | $80.0K |
| Additional Paid-In Capital | $847M |
| Retained Earnings | -$926M |
| Treasury Stock | -$563.0K |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$81M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$81M |
| TOTAL LIABILITIES & EQUITY | $390M |
| Total Debt | $103M |
| Net Debt | $21M |
