| Metric | FY 2024 | Prior Q | FY 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $924M | — | $679M | — | 36.1% |
| Op. Income | -$786M | — | -$736M | — | -6.8% |
| Gross Margin | 3.2% | — | 15.0% | — | -11.8pp |
| Net Margin | -119.5% | — | -109.3% | — | -10.2pp |
| EPS (Diluted) | $-1.72 | — | $-1.60 | — | -7.5% |
| Free Cash Flow | -$906M | — | -$601M | — | -50.8% |
| Item | Amount |
|---|---|
| REVENUE | $924M |
| Cost of Revenue | $895M |
| GROSS PROFIT | $30M |
| R&D Expenses | $267M |
| Selling & Marketing | $322M |
| General & Administrative | $227M |
| SG&A Expenses | $550M |
| Other Expenses | -$1M |
| Operating Expenses | $816M |
| Cost & Expenses | $1.7B |
| OPERATING INCOME | -$786M |
| Interest Income | $22M |
| Interest Expense | $58M |
| Other Income/Expenses | -$318M |
| INCOME BEFORE TAX | -$1.1B |
| Income Tax Expense | -$2M |
| Net Income from Continuing Ops | -$1.1B |
| Net Income from Discontinued Ops | -$1.5K |
| Other Adjustments | -$4M |
| NET INCOME | -$1.1B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$1.1B |
| D&A | $76M |
| EBIT | -$1.0B |
| EBITDA | -$970M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$1.1B |
| Depreciation & Amortization | $76M |
| Stock-Based Compensation | $32M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $323M |
| Change in Working Capital | -$172M |
| OPERATING CASH FLOW | -$849M |
| Capital Expenditure | -$57M |
| Acquisitions (Net) | $6M |
| Purchases of Investments | -$548M |
| Sales/Maturities of Investments | $247M |
| Other Investing Activities | -$227M |
| NET CASH FROM INVESTING | -$579M |
| Net Debt Issuance | $720M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$447M |
| NET CASH FROM FINANCING | $1.5B |
| FREE CASH FLOW | -$906M |
| Net Change in Cash | $58M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $482M |
| Short-Term Investments | $0 |
| Net Receivables | $225M |
| Inventory | $189M |
| Other Current Assets | $147M |
| TOTAL CURRENT ASSETS | $1.0B |
| PP&E (Net) | $460M |
| Goodwill | $0 |
| Intangible Assets | $116M |
| Long-Term Investments | $598M |
| Tax Assets | $0 |
| Other Non-Current Assets | $68M |
| TOTAL NON-CURRENT ASSETS | $1.2B |
| TOTAL ASSETS | $2.3B |
| Account Payables | $472M |
| Short-Term Debt | $917M |
| Deferred Revenue | $34M |
| Other Current Liabilities | $727M |
| TOTAL CURRENT LIABILITIES | $2.5B |
| Long-Term Debt | $177M |
| Deferred Revenue NC | $303M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $44M |
| TOTAL NON-CURRENT LIABILITIES | $678M |
| TOTAL LIABILITIES | $3.1B |
| Common Stock | $7.0K |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | -$2.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $55M |
| Other Equity | -$7M |
| TOTAL STOCKHOLDERS' EQUITY | -$860M |
| Minority Interest | -$7M |
| TOTAL EQUITY | -$860M |
| TOTAL LIABILITIES & EQUITY | $2.3B |
| Total Debt | $1.2B |
| Net Debt | $704M |
