| Metric | FY 2023 | Prior Q | FY 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $679M | — | $10M | — | 7001.5% |
| Op. Income | -$736M | — | -$744M | — | 1.0% |
| Gross Margin | 15.0% | — | -270.6% | — | 285.6pp |
| Net Margin | -109.3% | — | -7571.2% | — | 7461.9pp |
| EPS (Diluted) | $-1.60 | — | $-1.08 | — | -48.1% |
| Free Cash Flow | -$601M | — | -$485M | — | -23.8% |
| Item | Amount |
|---|---|
| REVENUE | $679M |
| Cost of Revenue | $577M |
| GROSS PROFIT | $102M |
| R&D Expenses | $369M |
| Selling & Marketing | $329M |
| General & Administrative | $145M |
| SG&A Expenses | $473M |
| Other Expenses | -$4M |
| Operating Expenses | $838M |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | -$736M |
| Interest Income | $9M |
| Interest Expense | $10M |
| Other Income/Expenses | -$13M |
| INCOME BEFORE TAX | -$749M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$750M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$742M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$757M |
| D&A | $55M |
| EBIT | -$739M |
| EBITDA | -$681M |
| EPS | -$1 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$742M |
| Depreciation & Amortization | $55M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$126.0K |
| Other Non-Cash Items | $36M |
| Change in Working Capital | $264M |
| OPERATING CASH FLOW | -$387M |
| Capital Expenditure | -$214M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$38M |
| Sales/Maturities of Investments | $37M |
| Other Investing Activities | $17M |
| NET CASH FROM INVESTING | -$198M |
| Net Debt Issuance | $256M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $3M |
| NET CASH FROM FINANCING | $285M |
| FREE CASH FLOW | -$601M |
| Net Change in Cash | -$312M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $419M |
| Short-Term Investments | $4M |
| Net Receivables | $99M |
| Inventory | $287M |
| Other Current Assets | $75M |
| TOTAL CURRENT ASSETS | $884M |
| PP&E (Net) | $528M |
| Goodwill | $0 |
| Intangible Assets | $116M |
| Long-Term Investments | $8M |
| Tax Assets | $4M |
| Other Non-Current Assets | $45M |
| TOTAL NON-CURRENT ASSETS | $701M |
| TOTAL ASSETS | $1.6B |
| Account Payables | $361M |
| Short-Term Debt | $664M |
| Deferred Revenue | $840.0K |
| Other Current Liabilities | $220M |
| TOTAL CURRENT LIABILITIES | $1.8B |
| Long-Term Debt | $157M |
| Deferred Revenue NC | $354M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $423M |
| TOTAL NON-CURRENT LIABILITIES | $1.0B |
| TOTAL LIABILITIES | $2.4B |
| Common Stock | $21.0K |
| Additional Paid-In Capital | $358M |
| Retained Earnings | -$1.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $25M |
| Other Equity | $5.5K |
| TOTAL STOCKHOLDERS' EQUITY | -$822M |
| Minority Interest | -$5M |
| TOTAL EQUITY | -$827M |
| TOTAL LIABILITIES & EQUITY | $1.6B |
| Total Debt | $942M |
| Net Debt | $523M |
