| Metric | FY 2024 | Prior Q | FY 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $64M | — | $58M | — | 9.0% |
| Op. Income | -$172M | — | -$82M | — | -108.5% |
| Gross Margin | 91.2% | — | 91.0% | — | 0.2pp |
| Net Margin | -303.7% | — | -138.1% | — | -165.5pp |
| EPS (Diluted) | $-1.22 | — | $-1.02 | — | -19.6% |
| Free Cash Flow | -$136M | — | -$76M | — | -78.1% |
| Item | Amount |
|---|---|
| REVENUE | $64M |
| Cost of Revenue | $6M |
| GROSS PROFIT | $58M |
| R&D Expenses | $128M |
| Selling & Marketing | $42M |
| General & Administrative | $61M |
| SG&A Expenses | $102M |
| Other Expenses | $0 |
| Operating Expenses | $230M |
| Cost & Expenses | $236M |
| OPERATING INCOME | -$172M |
| Interest Income | $20M |
| Interest Expense | $14M |
| Other Income/Expenses | -$22M |
| INCOME BEFORE TAX | -$194M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$194M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$194M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$194M |
| D&A | $4M |
| EBIT | -$180M |
| EBITDA | -$176M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$194M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $33M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $32M |
| Change in Working Capital | -$10M |
| OPERATING CASH FLOW | -$135M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | $316M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$301M |
| NET CASH FROM FINANCING | $332M |
| FREE CASH FLOW | -$136M |
| Net Change in Cash | $196M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $392M |
| Short-Term Investments | $0 |
| Net Receivables | $32M |
| Inventory | $3M |
| Other Current Assets | $13M |
| TOTAL CURRENT ASSETS | $441M |
| PP&E (Net) | $15M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $17M |
| TOTAL ASSETS | $458M |
| Account Payables | $4M |
| Short-Term Debt | $0 |
| Deferred Revenue | $128.0K |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $41M |
| Long-Term Debt | $69M |
| Deferred Revenue NC | $14M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $13M |
| TOTAL NON-CURRENT LIABILITIES | $101M |
| TOTAL LIABILITIES | $143M |
| Common Stock | $16.0K |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | -$891M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $315M |
| Minority Interest | $0 |
| TOTAL EQUITY | $315M |
| TOTAL LIABILITIES & EQUITY | $458M |
| Total Debt | $76M |
| Net Debt | -$316M |
