| Metric | FY 2023 | Prior Q | FY 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $342M | — | $146M | — | 134.1% |
| Op. Income | -$107M | — | -$60M | — | -77.1% |
| Gross Margin | 5.1% | — | 40.6% | — | -35.5pp |
| Net Margin | -28.8% | — | -53.7% | — | 24.9pp |
| EPS (Diluted) | $-0.69 | — | $-0.64 | — | -7.8% |
| Free Cash Flow | -$123M | — | -$26M | — | -379.6% |
| Item | Amount |
|---|---|
| REVENUE | $342M |
| Cost of Revenue | $324M |
| GROSS PROFIT | $18M |
| R&D Expenses | $37M |
| Selling & Marketing | $18M |
| General & Administrative | $68M |
| SG&A Expenses | $86M |
| Other Expenses | $893.0K |
| Operating Expenses | $124M |
| Cost & Expenses | $448M |
| OPERATING INCOME | -$107M |
| Interest Income | $8M |
| Interest Expense | $35.0K |
| Other Income/Expenses | $8M |
| INCOME BEFORE TAX | -$99M |
| Income Tax Expense | -$349.0K |
| Net Income from Continuing Ops | -$98M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$98M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$98M |
| D&A | $893.0K |
| EBIT | -$99M |
| EBITDA | -$98M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$98M |
| Depreciation & Amortization | $893.0K |
| Stock-Based Compensation | $43M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | -$37M |
| OPERATING CASH FLOW | -$93M |
| Capital Expenditure | -$30M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$6M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$6M |
| NET CASH FROM INVESTING | -$43M |
| Net Debt Issuance | $311.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$6M |
| NET CASH FROM FINANCING | -$5M |
| FREE CASH FLOW | -$123M |
| Net Change in Cash | -$141M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $110M |
| Short-Term Investments | $0 |
| Net Receivables | $116M |
| Inventory | $415.0K |
| Other Current Assets | $50M |
| TOTAL CURRENT ASSETS | $280M |
| PP&E (Net) | $33M |
| Goodwill | $0 |
| Intangible Assets | $2M |
| Long-Term Investments | $15M |
| Tax Assets | $0 |
| Other Non-Current Assets | $12M |
| TOTAL NON-CURRENT ASSETS | $61M |
| TOTAL ASSETS | $341M |
| Account Payables | $21M |
| Short-Term Debt | $0 |
| Deferred Revenue | $5M |
| Other Current Liabilities | $78M |
| TOTAL CURRENT LIABILITIES | $112M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $2M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $5M |
| TOTAL LIABILITIES | $117M |
| Common Stock | $15.0K |
| Additional Paid-In Capital | $473M |
| Retained Earnings | -$248M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $224M |
| Minority Interest | $0 |
| TOTAL EQUITY | $224M |
| TOTAL LIABILITIES & EQUITY | $341M |
| Total Debt | $2M |
| Net Debt | -$108M |
