| Metric | FY 2023 | Prior Q | FY 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.1B | — | $820M | — | 32.0% |
| Op. Income | -$446M | — | -$541M | — | 17.5% |
| Gross Margin | 45.5% | — | 44.4% | — | 1.1pp |
| Net Margin | -40.2% | — | -66.8% | — | 26.6pp |
| EPS (Diluted) | $-3.78 | — | $-5.57 | — | 32.1% |
| Free Cash Flow | -$286M | — | -$479M | — | 40.3% |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $590M |
| GROSS PROFIT | $493M |
| R&D Expenses | $321M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $618M |
| Other Expenses | $0 |
| Operating Expenses | $939M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | -$446M |
| Interest Income | $24M |
| Interest Expense | $13M |
| Other Income/Expenses | $12M |
| INCOME BEFORE TAX | -$435M |
| Income Tax Expense | $271.0K |
| Net Income from Continuing Ops | -$435M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$435M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$435M |
| D&A | $39M |
| EBIT | -$422M |
| EBITDA | -$383M |
| EPS | -$4 |
| EPS Diluted | -$4 |
| Item | Amount |
|---|---|
| Net Income | -$435M |
| Depreciation & Amortization | $24M |
| Stock-Based Compensation | $192M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $20M |
| Change in Working Capital | -$48M |
| OPERATING CASH FLOW | -$247M |
| Capital Expenditure | -$39M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$98M |
| Sales/Maturities of Investments | $306M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $168M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $254M |
| FREE CASH FLOW | -$286M |
| Net Change in Cash | $176M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $642M |
| Short-Term Investments | $237M |
| Net Receivables | $278M |
| Inventory | $41M |
| Other Current Assets | $61M |
| TOTAL CURRENT ASSETS | $1.3B |
| PP&E (Net) | $168M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $15M |
| TOTAL NON-CURRENT ASSETS | $183M |
| TOTAL ASSETS | $1.4B |
| Account Payables | $15M |
| Short-Term Debt | $80M |
| Deferred Revenue | $17M |
| Other Current Liabilities | $69M |
| TOTAL CURRENT LIABILITIES | $307M |
| Long-Term Debt | $283M |
| Deferred Revenue NC | $19M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $369M |
| TOTAL LIABILITIES | $676M |
| Common Stock | $11.0K |
| Additional Paid-In Capital | $3.1B |
| Retained Earnings | -$2.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $765M |
| Minority Interest | $0 |
| TOTAL EQUITY | $765M |
| TOTAL LIABILITIES & EQUITY | $1.4B |
| Total Debt | $442M |
| Net Debt | -$200M |
