| Metric | FY 2023 | Prior Q | FY 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $17M | — | $16M | — | 9.7% |
| Op. Income | -$73M | — | -$39M | — | -89.3% |
| Gross Margin | 83.5% | — | 82.1% | — | 1.4pp |
| Net Margin | -448.9% | — | -257.4% | — | -191.5pp |
| EPS (Diluted) | $-1.21 | — | $-0.67 | — | -80.6% |
| Free Cash Flow | -$43M | — | -$29M | — | -46.9% |
| Item | Amount |
|---|---|
| REVENUE | $17M |
| Cost of Revenue | $3M |
| GROSS PROFIT | $15M |
| R&D Expenses | $43M |
| Selling & Marketing | $0 |
| General & Administrative | $45M |
| SG&A Expenses | $45M |
| Other Expenses | $0 |
| Operating Expenses | $88M |
| Cost & Expenses | $91M |
| OPERATING INCOME | -$73M |
| Interest Income | $3M |
| Interest Expense | $6M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | -$79M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$79M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$79M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$79M |
| D&A | $2M |
| EBIT | -$72M |
| EBITDA | -$70M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$79M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $19M |
| Change in Working Capital | $6M |
| OPERATING CASH FLOW | -$42M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$10M |
| NET CASH FROM INVESTING | -$11M |
| Net Debt Issuance | $19M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$363.0K |
| NET CASH FROM FINANCING | $43M |
| FREE CASH FLOW | -$43M |
| Net Change in Cash | -$10M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $84M |
| Short-Term Investments | $0 |
| Net Receivables | $4M |
| Inventory | $0 |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $90M |
| PP&E (Net) | $6M |
| Goodwill | $4M |
| Intangible Assets | $3M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $15M |
| TOTAL NON-CURRENT ASSETS | $28M |
| TOTAL ASSETS | $118M |
| Account Payables | $1M |
| Short-Term Debt | $3M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $9M |
| TOTAL CURRENT LIABILITIES | $19M |
| Long-Term Debt | $43M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $7M |
| TOTAL NON-CURRENT LIABILITIES | $52M |
| TOTAL LIABILITIES | $71M |
| Common Stock | $69.0K |
| Additional Paid-In Capital | $476M |
| Retained Earnings | -$429M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $47M |
| Minority Interest | $0 |
| TOTAL EQUITY | $47M |
| TOTAL LIABILITIES & EQUITY | $118M |
| Total Debt | $50M |
| Net Debt | -$34M |
