| Metric | FY 2023 | Prior Q | FY 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $741M | — | $932M | — | -20.6% |
| Op. Income | -$33M | — | -$83M | — | 59.9% |
| Gross Margin | 33.6% | — | 26.9% | — | 6.8pp |
| Net Margin | -14.1% | — | -7.4% | — | -6.7pp |
| EPS (Diluted) | $-3.57 | — | $-2.38 | — | -50.0% |
| Free Cash Flow | $51M | — | -$19M | — | 361.9% |
| Item | Amount |
|---|---|
| REVENUE | $741M |
| Cost of Revenue | $492M |
| GROSS PROFIT | $249M |
| R&D Expenses | $83M |
| Selling & Marketing | $128M |
| General & Administrative | $66M |
| SG&A Expenses | $194M |
| Other Expenses | $5M |
| Operating Expenses | $283M |
| Cost & Expenses | $774M |
| OPERATING INCOME | -$33M |
| Interest Income | $7M |
| Interest Expense | $0 |
| Other Income/Expenses | $14M |
| INCOME BEFORE TAX | -$19M |
| Income Tax Expense | $86M |
| Net Income from Continuing Ops | -$105M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$105M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$105M |
| D&A | $7M |
| EBIT | -$32M |
| EBITDA | -$25M |
| EPS | -$4 |
| EPS Diluted | -$4 |
| Item | Amount |
|---|---|
| Net Income | -$105M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $18M |
| Deferred Income Tax | $82M |
| Other Non-Cash Items | $1M |
| Change in Working Capital | $53M |
| OPERATING CASH FLOW | $57M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$137M |
| Sales/Maturities of Investments | $115M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$27M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$3M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $4M |
| NET CASH FROM FINANCING | $797.0K |
| FREE CASH FLOW | $51M |
| Net Change in Cash | $30M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $177M |
| Short-Term Investments | $107M |
| Net Receivables | $185M |
| Inventory | $249M |
| Other Current Assets | $30M |
| TOTAL CURRENT ASSETS | $748M |
| PP&E (Net) | $46M |
| Goodwill | $36M |
| Intangible Assets | $0 |
| Long-Term Investments | $8M |
| Tax Assets | $3M |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $99M |
| TOTAL ASSETS | $847M |
| Account Payables | $47M |
| Short-Term Debt | $0 |
| Deferred Revenue | $27M |
| Other Current Liabilities | $156M |
| TOTAL CURRENT LIABILITIES | $264M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $5M |
| Deferred Tax Liabilities | $7M |
| Other Non-Current Liabilities | $18M |
| TOTAL NON-CURRENT LIABILITIES | $47M |
| TOTAL LIABILITIES | $312M |
| Common Stock | $30.0K |
| Additional Paid-In Capital | $968M |
| Retained Earnings | -$432M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $136.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $535M |
| Minority Interest | $0 |
| TOTAL EQUITY | $535M |
| TOTAL LIABILITIES & EQUITY | $847M |
| Total Debt | $42M |
| Net Debt | -$135M |
