| Metric | FY 2023 | Prior Q | FY 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $58M | — | $51M | — | 13.5% |
| Op. Income | -$82M | — | -$79M | — | -4.7% |
| Gross Margin | 91.0% | — | 91.2% | — | -0.2pp |
| Net Margin | -138.1% | — | -138.0% | — | -0.2pp |
| EPS (Diluted) | $-1.02 | — | $-0.97 | — | -5.2% |
| Free Cash Flow | -$76M | — | -$63M | — | -20.5% |
| Item | Amount |
|---|---|
| REVENUE | $58M |
| Cost of Revenue | $5M |
| GROSS PROFIT | $53M |
| R&D Expenses | $61M |
| Selling & Marketing | $41M |
| General & Administrative | $34M |
| SG&A Expenses | $74M |
| Other Expenses | $0 |
| Operating Expenses | $136M |
| Cost & Expenses | $141M |
| OPERATING INCOME | -$82M |
| Interest Income | $4M |
| Interest Expense | $11M |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$81M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$81M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$81M |
| Net Income Deductions | $6M |
| BOTTOM LINE NET INCOME | -$87M |
| D&A | $3M |
| EBIT | -$69M |
| EBITDA | -$66M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$81M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $18M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$3M |
| Change in Working Capital | -$7M |
| OPERATING CASH FLOW | -$70M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$6M |
| Net Debt Issuance | $56M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$5M |
| NET CASH FROM FINANCING | $170M |
| FREE CASH FLOW | -$76M |
| Net Change in Cash | $94M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $196M |
| Short-Term Investments | $0 |
| Net Receivables | $26M |
| Inventory | $2M |
| Other Current Assets | $8M |
| TOTAL CURRENT ASSETS | $232M |
| PP&E (Net) | $18M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $20M |
| TOTAL ASSETS | $252M |
| Account Payables | $4M |
| Short-Term Debt | $0 |
| Deferred Revenue | $255.0K |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $35M |
| Long-Term Debt | $75M |
| Deferred Revenue NC | $14M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $30M |
| TOTAL NON-CURRENT LIABILITIES | $126M |
| TOTAL LIABILITIES | $161M |
| Common Stock | $12.0K |
| Additional Paid-In Capital | $789M |
| Retained Earnings | -$698M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $91M |
| Minority Interest | $0 |
| TOTAL EQUITY | $91M |
| TOTAL LIABILITIES & EQUITY | $252M |
| Total Debt | $83M |
| Net Debt | -$112M |
