| Metric | FY 2024 | Prior Q | FY 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $224M | — | $136M | — | 64.8% |
| Op. Income | -$97M | — | -$109M | — | 11.5% |
| Gross Margin | 61.1% | — | 52.2% | — | 8.9pp |
| Net Margin | -40.7% | — | -77.8% | — | 37.0pp |
| EPS (Diluted) | $-1.75 | — | $-2.24 | — | 21.9% |
| Free Cash Flow | -$104M | — | -$133M | — | 22.2% |
| Item | Amount |
|---|---|
| REVENUE | $224M |
| Cost of Revenue | $87M |
| GROSS PROFIT | $137M |
| R&D Expenses | $62M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $171M |
| Other Expenses | $0 |
| Operating Expenses | $234M |
| Cost & Expenses | $321M |
| OPERATING INCOME | -$97M |
| Interest Income | $11M |
| Interest Expense | $4M |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | -$91M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$91M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$91M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$91M |
| D&A | $5M |
| EBIT | -$87M |
| EBITDA | -$82M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$91M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $32M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$47M |
| OPERATING CASH FLOW | -$99M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $16M |
| NET CASH FROM FINANCING | $180M |
| FREE CASH FLOW | -$104M |
| Net Change in Cash | $77M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $334M |
| Short-Term Investments | $0 |
| Net Receivables | $83M |
| Inventory | $56M |
| Other Current Assets | $8M |
| TOTAL CURRENT ASSETS | $482M |
| PP&E (Net) | $46M |
| Goodwill | $0 |
| Intangible Assets | $932.0K |
| Long-Term Investments | $3M |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $52M |
| TOTAL ASSETS | $534M |
| Account Payables | $10M |
| Short-Term Debt | $2M |
| Deferred Revenue | $10M |
| Other Current Liabilities | $10M |
| TOTAL CURRENT LIABILITIES | $53M |
| Long-Term Debt | $51M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $324.0K |
| TOTAL NON-CURRENT LIABILITIES | $79M |
| TOTAL LIABILITIES | $132M |
| Common Stock | $0 |
| Additional Paid-In Capital | $948M |
| Retained Earnings | -$546M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $114.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $402M |
| Minority Interest | $0 |
| TOTAL EQUITY | $402M |
| TOTAL LIABILITIES & EQUITY | $534M |
| Total Debt | $80M |
| Net Debt | -$253M |
