| Metric | FY 2024 | Prior Q | FY 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $337M | — | $186M | — | 80.8% |
| Op. Income | -$88M | — | -$109M | — | 19.7% |
| Gross Margin | 75.8% | — | 74.8% | — | 1.0pp |
| Net Margin | -26.1% | — | -87.7% | — | 61.6pp |
| EPS (Diluted) | $-1.85 | — | $-4.00 | — | 53.8% |
| Free Cash Flow | $9M | — | -$91M | — | 110.2% |
| Item | Amount |
|---|---|
| REVENUE | $337M |
| Cost of Revenue | $82M |
| GROSS PROFIT | $255M |
| R&D Expenses | $141M |
| Selling & Marketing | $12M |
| General & Administrative | $191M |
| SG&A Expenses | $202M |
| Other Expenses | $0 |
| Operating Expenses | $343M |
| Cost & Expenses | $424M |
| OPERATING INCOME | -$88M |
| Interest Income | $14M |
| Interest Expense | $14M |
| Other Income/Expenses | $694.0K |
| INCOME BEFORE TAX | -$87M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$88M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$88M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$88M |
| D&A | $24M |
| EBIT | -$73M |
| EBITDA | -$49M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$88M |
| Depreciation & Amortization | $24M |
| Stock-Based Compensation | $48M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $4M |
| Change in Working Capital | $23M |
| OPERATING CASH FLOW | $10M |
| Capital Expenditure | -$993.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$89M |
| Sales/Maturities of Investments | $20M |
| Other Investing Activities | -$20M |
| NET CASH FROM INVESTING | -$90M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $18M |
| FREE CASH FLOW | $9M |
| Net Change in Cash | -$63M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $223M |
| Short-Term Investments | $58M |
| Net Receivables | $78M |
| Inventory | $22M |
| Other Current Assets | $12M |
| TOTAL CURRENT ASSETS | $393M |
| PP&E (Net) | $10M |
| Goodwill | $0 |
| Intangible Assets | $250M |
| Long-Term Investments | $13M |
| Tax Assets | $0 |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $278M |
| TOTAL ASSETS | $671M |
| Account Payables | $15M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $32M |
| TOTAL CURRENT LIABILITIES | $127M |
| Long-Term Debt | $308M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $319M |
| TOTAL LIABILITIES | $445M |
| Common Stock | $5.0K |
| Additional Paid-In Capital | $870M |
| Retained Earnings | -$644M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$373.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $226M |
| Minority Interest | $0 |
| TOTAL EQUITY | $226M |
| TOTAL LIABILITIES & EQUITY | $671M |
| Total Debt | $318M |
| Net Debt | $95M |
