| Metric | FY 2024 | Prior Q | FY 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $527M | — | $430M | — | 22.5% |
| Op. Income | -$204M | — | -$230M | — | 11.3% |
| Gross Margin | 32.8% | — | 21.0% | — | 11.8pp |
| Net Margin | -38.4% | — | -55.1% | — | 16.7pp |
| EPS (Diluted) | $-2.85 | — | $-3.40 | — | 16.2% |
| Free Cash Flow | -$21M | — | -$128M | — | 83.8% |
| Item | Amount |
|---|---|
| REVENUE | $527M |
| Cost of Revenue | $354M |
| GROSS PROFIT | $173M |
| R&D Expenses | $0 |
| Selling & Marketing | $166M |
| General & Administrative | $125M |
| SG&A Expenses | $291M |
| Other Expenses | $86M |
| Operating Expenses | $377M |
| Cost & Expenses | $730M |
| OPERATING INCOME | -$204M |
| Interest Income | $8M |
| Interest Expense | $0 |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$204M |
| Income Tax Expense | -$2M |
| Net Income from Continuing Ops | -$202M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$202M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$202M |
| D&A | $20M |
| EBIT | -$204M |
| EBITDA | -$184M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$202M |
| Depreciation & Amortization | $20M |
| Stock-Based Compensation | $65M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $5M |
| Change in Working Capital | $101M |
| OPERATING CASH FLOW | -$11M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$364M |
| Sales/Maturities of Investments | $414M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $41M |
| Net Debt Issuance | $68M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $88M |
| FREE CASH FLOW | -$21M |
| Net Change in Cash | $114M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $376M |
| Short-Term Investments | $635M |
| Net Receivables | $475M |
| Inventory | $0 |
| Other Current Assets | -$1.7B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $31M |
| Goodwill | $19M |
| Intangible Assets | $14M |
| Long-Term Investments | $635M |
| Tax Assets | $0 |
| Other Non-Current Assets | -$699M |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $1.8B |
| Account Payables | $31M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$94M |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $83M |
| Deferred Revenue NC | $66M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$173M |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $1.3B |
| Common Stock | $0 |
| Additional Paid-In Capital | $1.9B |
| Retained Earnings | -$1.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$6M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $593M |
| Minority Interest | $0 |
| TOTAL EQUITY | $593M |
| TOTAL LIABILITIES & EQUITY | $1.8B |
| Total Debt | $107M |
| Net Debt | -$269M |
