| Metric | FY 2023 | Prior Q | FY 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $285M | — | $117M | — | 143.7% |
| Op. Income | -$439M | — | -$456M | — | 3.5% |
| Gross Margin | 49.4% | — | 44.1% | — | 5.3pp |
| Net Margin | -181.8% | — | -381.5% | — | 199.7pp |
| EPS (Diluted) | $-2.94 | — | $-2.81 | — | -4.6% |
| Free Cash Flow | -$416M | — | -$224M | — | -86.1% |
| Item | Amount |
|---|---|
| REVENUE | $285M |
| Cost of Revenue | $144M |
| GROSS PROFIT | $141M |
| R&D Expenses | $382M |
| Selling & Marketing | $94M |
| General & Administrative | $107M |
| SG&A Expenses | $201M |
| Other Expenses | -$3M |
| Operating Expenses | $580M |
| Cost & Expenses | $725M |
| OPERATING INCOME | -$439M |
| Interest Income | $54M |
| Interest Expense | $22M |
| Other Income/Expenses | -$81M |
| INCOME BEFORE TAX | -$520M |
| Income Tax Expense | -$2M |
| Net Income from Continuing Ops | -$518M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$518M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$518M |
| D&A | $20M |
| EBIT | -$498M |
| EBITDA | -$478M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$520M |
| Depreciation & Amortization | $20M |
| Stock-Based Compensation | $48M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $130M |
| Change in Working Capital | -$71M |
| OPERATING CASH FLOW | -$393M |
| Capital Expenditure | -$23M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$4.9B |
| Sales/Maturities of Investments | $5.1B |
| Other Investing Activities | -$101M |
| NET CASH FROM INVESTING | $93M |
| Net Debt Issuance | -$4M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $795M |
| NET CASH FROM FINANCING | $791M |
| FREE CASH FLOW | -$416M |
| Net Change in Cash | $492M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.3B |
| Short-Term Investments | $31M |
| Net Receivables | $157M |
| Inventory | $19M |
| Other Current Assets | $357.0K |
| TOTAL CURRENT ASSETS | $1.5B |
| PP&E (Net) | $190M |
| Goodwill | $0 |
| Intangible Assets | $4M |
| Long-Term Investments | $4M |
| Tax Assets | $285.0K |
| Other Non-Current Assets | $152M |
| TOTAL NON-CURRENT ASSETS | $351M |
| TOTAL ASSETS | $1.8B |
| Account Payables | $20M |
| Short-Term Debt | $0 |
| Deferred Revenue | $53M |
| Other Current Liabilities | $68.0K |
| TOTAL CURRENT LIABILITIES | $216M |
| Long-Term Debt | $281M |
| Deferred Revenue NC | $55M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $56.0K |
| TOTAL NON-CURRENT LIABILITIES | $381M |
| TOTAL LIABILITIES | $597M |
| Common Stock | $36.0K |
| Additional Paid-In Capital | $2.6B |
| Retained Earnings | -$1.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $99M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.3B |
| TOTAL LIABILITIES & EQUITY | $1.8B |
| Total Debt | $329M |
| Net Debt | -$949M |
