| Metric | FY 2024 | Prior Q | FY 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $174M | — | $106M | — | 64.0% |
| Op. Income | -$175M | — | -$77M | — | -128.8% |
| Gross Margin | 48.3% | — | 47.4% | — | 0.9pp |
| Net Margin | -79.6% | — | -70.2% | — | -9.4pp |
| EPS (Diluted) | $-0.52 | — | $-0.94 | — | 44.7% |
| Free Cash Flow | -$152M | — | -$46M | — | -229.2% |
| Item | Amount |
|---|---|
| REVENUE | $174M |
| Cost of Revenue | $90M |
| GROSS PROFIT | $84M |
| R&D Expenses | $62M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $157M |
| Other Expenses | $40M |
| Operating Expenses | $259M |
| Cost & Expenses | $350M |
| OPERATING INCOME | -$175M |
| Interest Income | $20M |
| Interest Expense | $3M |
| Other Income/Expenses | $37M |
| INCOME BEFORE TAX | -$138M |
| Income Tax Expense | $573.0K |
| Net Income from Continuing Ops | -$139M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$139M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$185M |
| D&A | $17M |
| EBIT | -$135M |
| EBITDA | -$118M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$139M |
| Depreciation & Amortization | $17M |
| Stock-Based Compensation | $32M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$41M |
| Change in Working Capital | -$12M |
| OPERATING CASH FLOW | -$143M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | $279M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $93M |
| NET CASH FROM INVESTING | $363M |
| Net Debt Issuance | -$63M |
| Common Stock Repurchased | -$41M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | -$103M |
| FREE CASH FLOW | -$152M |
| Net Change in Cash | $116M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $167M |
| Short-Term Investments | $126M |
| Net Receivables | $34M |
| Inventory | $41M |
| Other Current Assets | $9M |
| TOTAL CURRENT ASSETS | $376M |
| PP&E (Net) | $71M |
| Goodwill | $111M |
| Intangible Assets | $29M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $25M |
| TOTAL NON-CURRENT ASSETS | $236M |
| TOTAL ASSETS | $612M |
| Account Payables | $12M |
| Short-Term Debt | $0 |
| Deferred Revenue | $19M |
| Other Current Liabilities | $15M |
| TOTAL CURRENT LIABILITIES | $66M |
| Long-Term Debt | $299.0K |
| Deferred Revenue NC | $40M |
| Deferred Tax Liabilities | $1M |
| Other Non-Current Liabilities | $7M |
| TOTAL NON-CURRENT LIABILITIES | $75M |
| TOTAL LIABILITIES | $141M |
| Common Stock | $396.0K |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | -$1.2B |
| Treasury Stock | -$46M |
| Accum. Other Comp. Income | $1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $472M |
| Minority Interest | $0 |
| TOTAL EQUITY | $472M |
| TOTAL LIABILITIES & EQUITY | $612M |
| Total Debt | $33M |
| Net Debt | -$134M |
