| Metric | FY 2023 | Prior Q | FY 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $106M | — | $98M | — | 8.6% |
| Op. Income | -$77M | — | -$116M | — | 34.1% |
| Gross Margin | 47.4% | — | 37.8% | — | 9.6pp |
| Net Margin | -70.2% | — | -194.1% | — | 123.9pp |
| EPS (Diluted) | $-0.94 | — | $-2.43 | — | 61.3% |
| Free Cash Flow | -$46M | — | -$93M | — | 50.5% |
| Item | Amount |
|---|---|
| REVENUE | $106M |
| Cost of Revenue | $56M |
| GROSS PROFIT | $50M |
| R&D Expenses | $26M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $88M |
| Other Expenses | $14M |
| Operating Expenses | $127M |
| Cost & Expenses | $183M |
| OPERATING INCOME | -$77M |
| Interest Income | $6M |
| Interest Expense | $5M |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$74M |
| Income Tax Expense | $452.0K |
| Net Income from Continuing Ops | -$75M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$75M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$75M |
| D&A | $15M |
| EBIT | -$70M |
| EBITDA | -$54M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$75M |
| Depreciation & Amortization | $15M |
| Stock-Based Compensation | $13M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1M |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | -$43M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$95M |
| Sales/Maturities of Investments | $118M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $20M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | -$5M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $827.0K |
| NET CASH FROM FINANCING | -$7M |
| FREE CASH FLOW | -$46M |
| Net Change in Cash | -$30M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $52M |
| Short-Term Investments | $63M |
| Net Receivables | $20M |
| Inventory | $21M |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $158M |
| PP&E (Net) | $55M |
| Goodwill | $106M |
| Intangible Assets | $1M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $165M |
| TOTAL ASSETS | $323M |
| Account Payables | $9M |
| Short-Term Debt | $60M |
| Deferred Revenue | $17M |
| Other Current Liabilities | $12M |
| TOTAL CURRENT LIABILITIES | $109M |
| Long-Term Debt | $4M |
| Deferred Revenue NC | $14M |
| Deferred Tax Liabilities | $841.0K |
| Other Non-Current Liabilities | $312M |
| TOTAL NON-CURRENT LIABILITIES | $362M |
| TOTAL LIABILITIES | $471M |
| Common Stock | $83.0K |
| Additional Paid-In Capital | $861M |
| Retained Earnings | -$1.0B |
| Treasury Stock | -$6M |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$148M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$148M |
| TOTAL LIABILITIES & EQUITY | $323M |
| Total Debt | $98M |
| Net Debt | $47M |
