| Metric | FY 2024 | Prior Q | FY 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $682M | — | $556M | — | 22.6% |
| Op. Income | -$249M | — | -$567M | — | 56.1% |
| Gross Margin | 70.3% | — | 38.2% | — | 32.1pp |
| Net Margin | -27.5% | — | -98.0% | — | 70.5pp |
| EPS (Diluted) | $-1.23 | — | $-5.41 | — | 77.3% |
| Free Cash Flow | -$100M | — | -$773M | — | 87.0% |
| Item | Amount |
|---|---|
| REVENUE | $682M |
| Cost of Revenue | $203M |
| GROSS PROFIT | $479M |
| R&D Expenses | $391M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $337M |
| Other Expenses | $0 |
| Operating Expenses | $728M |
| Cost & Expenses | $931M |
| OPERATING INCOME | -$249M |
| Interest Income | $0 |
| Interest Expense | $20M |
| Other Income/Expenses | $72M |
| INCOME BEFORE TAX | -$177M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | -$187M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$187M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$187M |
| D&A | $48M |
| EBIT | -$157M |
| EBITDA | -$108M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$187M |
| Depreciation & Amortization | $48M |
| Stock-Based Compensation | $48M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$45M |
| Change in Working Capital | $48M |
| OPERATING CASH FLOW | -$87M |
| Capital Expenditure | -$13M |
| Acquisitions (Net) | $193M |
| Purchases of Investments | -$826M |
| Sales/Maturities of Investments | $444M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$204M |
| Net Debt Issuance | -$4M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $1M |
| NET CASH FROM FINANCING | $261M |
| FREE CASH FLOW | -$100M |
| Net Change in Cash | -$39M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $530M |
| Short-Term Investments | $393M |
| Net Receivables | $108M |
| Inventory | $9M |
| Other Current Assets | $33M |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $300M |
| Goodwill | $107M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $24M |
| TOTAL NON-CURRENT ASSETS | $431M |
| TOTAL ASSETS | $1.6B |
| Account Payables | $42M |
| Short-Term Debt | $0 |
| Deferred Revenue | $675M |
| Other Current Liabilities | $280M |
| TOTAL CURRENT LIABILITIES | $1.2B |
| Long-Term Debt | $170M |
| Deferred Revenue NC | $447M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $360M |
| TOTAL NON-CURRENT LIABILITIES | $1.0B |
| TOTAL LIABILITIES | $2.2B |
| Common Stock | $2M |
| Additional Paid-In Capital | $4.5B |
| Retained Earnings | -$5.0B |
| Treasury Stock | -$96M |
| Accum. Other Comp. Income | -$23M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$624M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$624M |
| TOTAL LIABILITIES & EQUITY | $1.6B |
| Total Debt | $230M |
| Net Debt | -$300M |
