| Metric | FY 2024 | Prior Q | FY 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $509M | — | $1.1B | — | -54.7% |
| Op. Income | -$577M | — | -$219M | — | -163.1% |
| Gross Margin | -49.0% | — | 7.0% | — | -56.0pp |
| Net Margin | -120.7% | — | -24.6% | — | -96.1pp |
| EPS (Diluted) | $-73.78 | — | $-5.36 | — | -1276.5% |
| Free Cash Flow | -$322M | — | -$322M | — | -0.1% |
| Item | Amount |
|---|---|
| REVENUE | $509M |
| Cost of Revenue | $758M |
| GROSS PROFIT | -$249M |
| R&D Expenses | $38M |
| Selling & Marketing | $0 |
| General & Administrative | $158M |
| SG&A Expenses | $158M |
| Other Expenses | $131M |
| Operating Expenses | $327M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | -$577M |
| Interest Income | $2M |
| Interest Expense | $45M |
| Other Income/Expenses | -$20M |
| INCOME BEFORE TAX | -$597M |
| Income Tax Expense | $18M |
| Net Income from Continuing Ops | -$615M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$614M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$614M |
| D&A | $43M |
| EBIT | -$551M |
| EBITDA | -$508M |
| EPS | -$74 |
| EPS Diluted | -$74 |
| Item | Amount |
|---|---|
| Net Income | -$615M |
| Depreciation & Amortization | $43M |
| Stock-Based Compensation | $29M |
| Deferred Income Tax | -$355.0K |
| Other Non-Cash Items | $343M |
| Change in Working Capital | -$70M |
| OPERATING CASH FLOW | -$270M |
| Capital Expenditure | -$52M |
| Acquisitions (Net) | $24M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $1M |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | -$25M |
| Net Debt Issuance | $45M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $141M |
| FREE CASH FLOW | -$322M |
| Net Change in Cash | -$165M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $29M |
| Short-Term Investments | $0 |
| Net Receivables | $13M |
| Inventory | $40M |
| Other Current Assets | $176M |
| TOTAL CURRENT ASSETS | $266M |
| PP&E (Net) | $101M |
| Goodwill | $0 |
| Intangible Assets | $523.0K |
| Long-Term Investments | $4M |
| Tax Assets | $0 |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $110M |
| TOTAL ASSETS | $376M |
| Account Payables | $63M |
| Short-Term Debt | $462.0K |
| Deferred Revenue | $74M |
| Other Current Liabilities | $123M |
| TOTAL CURRENT LIABILITIES | $339M |
| Long-Term Debt | $274M |
| Deferred Revenue NC | $3M |
| Deferred Tax Liabilities | $5M |
| Other Non-Current Liabilities | $16M |
| TOTAL NON-CURRENT LIABILITIES | $326M |
| TOTAL LIABILITIES | $665M |
| Common Stock | $0 |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | -$1.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$20M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$294M |
| Minority Interest | $5M |
| TOTAL EQUITY | -$288M |
| TOTAL LIABILITIES & EQUITY | $376M |
| Total Debt | $311M |
| Net Debt | $283M |
