| Metric | FY 2024 | Prior Q | FY 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $154M | — | $201M | — | -23.2% |
| Op. Income | -$474M | — | -$334M | — | -41.8% |
| Gross Margin | 24.2% | — | 26.3% | — | -2.1pp |
| Net Margin | -201.2% | — | -153.0% | — | -48.2pp |
| EPS (Diluted) | $-1.07 | — | $-1.21 | — | 11.6% |
| Free Cash Flow | -$212M | — | -$275M | — | 22.9% |
| Item | Amount |
|---|---|
| REVENUE | $154M |
| Cost of Revenue | $117M |
| GROSS PROFIT | $37M |
| R&D Expenses | $135M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $175M |
| Other Expenses | $202M |
| Operating Expenses | $512M |
| Cost & Expenses | $628M |
| OPERATING INCOME | -$474M |
| Interest Income | $0 |
| Interest Expense | $13M |
| Other Income/Expenses | $165M |
| INCOME BEFORE TAX | -$310M |
| Income Tax Expense | $316.0K |
| Net Income from Continuing Ops | -$310M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$310M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$310M |
| D&A | $53M |
| EBIT | -$296M |
| EBITDA | -$243M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$310M |
| Depreciation & Amortization | $53M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$205.0K |
| Other Non-Cash Items | $91M |
| Change in Working Capital | -$41M |
| OPERATING CASH FLOW | -$206M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$499M |
| Sales/Maturities of Investments | $629M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $124M |
| Net Debt Issuance | -$51M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$43M |
| FREE CASH FLOW | -$212M |
| Net Change in Cash | -$124M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $55M |
| Short-Term Investments | $335M |
| Net Receivables | $28M |
| Inventory | $59M |
| Other Current Assets | $19M |
| TOTAL CURRENT ASSETS | $496M |
| PP&E (Net) | $47M |
| Goodwill | $318M |
| Intangible Assets | $390M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $11M |
| TOTAL NON-CURRENT ASSETS | $765M |
| TOTAL ASSETS | $1.3B |
| Account Payables | $17M |
| Short-Term Debt | $0 |
| Deferred Revenue | $14M |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $66M |
| Long-Term Debt | $647M |
| Deferred Revenue NC | $6M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $19M |
| TOTAL NON-CURRENT LIABILITIES | $688M |
| TOTAL LIABILITIES | $754M |
| Common Stock | $294.0K |
| Additional Paid-In Capital | $2.7B |
| Retained Earnings | -$2.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $422.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $507M |
| Minority Interest | $0 |
| TOTAL EQUITY | $507M |
| TOTAL LIABILITIES & EQUITY | $1.3B |
| Total Debt | $672M |
| Net Debt | $617M |
