| Metric | FY 2023 | Prior Q | FY 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $230M | — | $338M | — | -31.9% |
| Op. Income | -$58M | — | -$5M | — | -999.2% |
| Gross Margin | 22.4% | — | 30.0% | — | -7.5pp |
| Net Margin | -15.9% | — | -2.4% | — | -13.5pp |
| EPS (Diluted) | $-0.89 | — | $-0.18 | — | -394.4% |
| Free Cash Flow | -$10M | — | -$19M | — | 45.0% |
| Item | Amount |
|---|---|
| REVENUE | $230M |
| Cost of Revenue | $178M |
| GROSS PROFIT | $52M |
| R&D Expenses | $52M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $48M |
| Other Expenses | $9M |
| Operating Expenses | $109M |
| Cost & Expenses | $288M |
| OPERATING INCOME | -$58M |
| Interest Income | $10M |
| Interest Expense | $828.0K |
| Other Income/Expenses | $10M |
| INCOME BEFORE TAX | -$48M |
| Income Tax Expense | -$11M |
| Net Income from Continuing Ops | -$37M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$37M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$37M |
| D&A | $17M |
| EBIT | -$47M |
| EBITDA | -$30M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$37M |
| Depreciation & Amortization | $17M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | -$13M |
| Other Non-Cash Items | $13M |
| Change in Working Capital | $10M |
| OPERATING CASH FLOW | -$3M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $6M |
| Other Investing Activities | -$6M |
| NET CASH FROM INVESTING | -$8M |
| Net Debt Issuance | -$493.0K |
| Common Stock Repurchased | -$52M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$64.0K |
| NET CASH FROM FINANCING | -$52M |
| FREE CASH FLOW | -$10M |
| Net Change in Cash | -$67M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $158M |
| Short-Term Investments | $0 |
| Net Receivables | $37M |
| Inventory | $33M |
| Other Current Assets | $10M |
| TOTAL CURRENT ASSETS | $245M |
| PP&E (Net) | $105M |
| Goodwill | $0 |
| Intangible Assets | $2M |
| Long-Term Investments | $0 |
| Tax Assets | $51M |
| Other Non-Current Assets | $18M |
| TOTAL NON-CURRENT ASSETS | $175M |
| TOTAL ASSETS | $420M |
| Account Payables | $24M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $47M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $26M |
| TOTAL NON-CURRENT LIABILITIES | $29M |
| TOTAL LIABILITIES | $76M |
| Common Stock | $569.0K |
| Additional Paid-In Capital | $273M |
| Retained Earnings | $299M |
| Treasury Stock | -$213M |
| Accum. Other Comp. Income | -$15M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $345M |
| Minority Interest | $0 |
| TOTAL EQUITY | $345M |
| TOTAL LIABILITIES & EQUITY | $420M |
| Total Debt | $5M |
| Net Debt | -$153M |
