| Metric | FY 2023 | Prior Q | FY 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $783M | — | $722M | — | 8.5% |
| Op. Income | -$457M | — | -$396M | — | -15.4% |
| Gross Margin | 19.4% | — | 11.1% | — | 8.3pp |
| Net Margin | -53.2% | — | -54.4% | — | 1.1pp |
| EPS (Diluted) | $-14.07 | — | $-13.25 | — | -6.2% |
| Free Cash Flow | -$235M | — | -$475M | — | 50.6% |
| Item | Amount |
|---|---|
| REVENUE | $783M |
| Cost of Revenue | $631M |
| GROSS PROFIT | $152M |
| R&D Expenses | $21M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $373M |
| Other Expenses | $215M |
| Operating Expenses | $609M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | -$457M |
| Interest Income | $13M |
| Interest Expense | $49M |
| Other Income/Expenses | $49M |
| INCOME BEFORE TAX | -$408M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | -$417M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$417M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$417M |
| D&A | $52M |
| EBIT | -$340M |
| EBITDA | -$288M |
| EPS | -$14 |
| EPS Diluted | -$14 |
| Item | Amount |
|---|---|
| Net Income | -$417M |
| Depreciation & Amortization | $52M |
| Stock-Based Compensation | $21M |
| Deferred Income Tax | -$4M |
| Other Non-Cash Items | $164M |
| Change in Working Capital | $18M |
| OPERATING CASH FLOW | -$166M |
| Capital Expenditure | -$69M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$2M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $41M |
| NET CASH FROM INVESTING | -$27M |
| Net Debt Issuance | $63M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $292M |
| NET CASH FROM FINANCING | $355M |
| FREE CASH FLOW | -$235M |
| Net Change in Cash | $167M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $249M |
| Short-Term Investments | $0 |
| Net Receivables | $147M |
| Inventory | $68M |
| Other Current Assets | -$3.7K |
| TOTAL CURRENT ASSETS | $483M |
| PP&E (Net) | $449M |
| Goodwill | $118M |
| Intangible Assets | $12M |
| Long-Term Investments | $29M |
| Tax Assets | $0 |
| Other Non-Current Assets | $26M |
| TOTAL NON-CURRENT ASSETS | $634M |
| TOTAL ASSETS | $1.1B |
| Account Payables | $64M |
| Short-Term Debt | $330M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $39M |
| TOTAL CURRENT LIABILITIES | $584M |
| Long-Term Debt | $114M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $11M |
| TOTAL NON-CURRENT LIABILITIES | $198M |
| TOTAL LIABILITIES | $781M |
| Common Stock | $105.0K |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | -$1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$233M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $334M |
| Minority Interest | $2M |
| TOTAL EQUITY | $336M |
| TOTAL LIABILITIES & EQUITY | $1.1B |
| Total Debt | $533M |
| Net Debt | $284M |
