| Metric | FY 2023 | Prior Q | FY 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $430M | — | $257M | — | 67.4% |
| Op. Income | -$230M | — | -$295M | — | 22.0% |
| Gross Margin | 21.0% | — | 11.1% | — | 9.9pp |
| Net Margin | -55.1% | — | -116.0% | — | 60.9pp |
| EPS (Diluted) | $-3.40 | — | $-4.59 | — | 25.9% |
| Free Cash Flow | -$128M | — | -$173M | — | 25.9% |
| Item | Amount |
|---|---|
| REVENUE | $430M |
| Cost of Revenue | $340M |
| GROSS PROFIT | $90M |
| R&D Expenses | $0 |
| Selling & Marketing | $102M |
| General & Administrative | $129M |
| SG&A Expenses | $231M |
| Other Expenses | $89M |
| Operating Expenses | $320M |
| Cost & Expenses | $660M |
| OPERATING INCOME | -$230M |
| Interest Income | $4M |
| Interest Expense | $0 |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$230M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | -$237M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$237M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$237M |
| D&A | $20M |
| EBIT | -$230M |
| EBITDA | -$210M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$237M |
| Depreciation & Amortization | $20M |
| Stock-Based Compensation | $60M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $9M |
| Change in Working Capital | $29M |
| OPERATING CASH FLOW | -$119M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$395M |
| Sales/Maturities of Investments | $493M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $89M |
| Net Debt Issuance | $15M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $500.0K |
| NET CASH FROM FINANCING | $15M |
| FREE CASH FLOW | -$128M |
| Net Change in Cash | -$15M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $265M |
| Short-Term Investments | $673M |
| Net Receivables | $383M |
| Inventory | $0 |
| Other Current Assets | -$1.5B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $35M |
| Goodwill | $19M |
| Intangible Assets | $23M |
| Long-Term Investments | $673M |
| Tax Assets | $0 |
| Other Non-Current Assets | -$750M |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $1.6B |
| Account Payables | $25M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$83M |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $15M |
| Deferred Revenue NC | $41M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$85M |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $924M |
| Common Stock | $0 |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | -$1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$9M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $709M |
| Minority Interest | $0 |
| TOTAL EQUITY | $709M |
| TOTAL LIABILITIES & EQUITY | $1.6B |
| Total Debt | $43M |
| Net Debt | -$221M |
