| Metric | FY 2024 | Prior Q | FY 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $807M | — | $938M | — | -14.0% |
| Op. Income | -$303M | — | -$440M | — | 31.2% |
| Gross Margin | 92.9% | — | 93.0% | — | -0.1pp |
| Net Margin | -45.0% | — | -66.8% | — | 21.8pp |
| EPS (Diluted) | $-4.73 | — | $-8.37 | — | 43.5% |
| Free Cash Flow | -$182M | — | -$279M | — | 34.8% |
| Item | Amount |
|---|---|
| REVENUE | $807M |
| Cost of Revenue | $57M |
| GROSS PROFIT | $749M |
| R&D Expenses | $534M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $301M |
| Other Expenses | $217M |
| Operating Expenses | $1.1B |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | -$303M |
| Interest Income | $0 |
| Interest Expense | $167M |
| Other Income/Expenses | -$61M |
| INCOME BEFORE TAX | -$363M |
| Income Tax Expense | $176.0K |
| Net Income from Continuing Ops | -$363M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$363M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$363M |
| D&A | $76M |
| EBIT | -$196M |
| EBITDA | -$120M |
| EPS | -$5 |
| EPS Diluted | -$5 |
| Item | Amount |
|---|---|
| Net Income | -$363M |
| Depreciation & Amortization | $76M |
| Stock-Based Compensation | $75M |
| Deferred Income Tax | -$56M |
| Other Non-Cash Items | $59M |
| Change in Working Capital | $103M |
| OPERATING CASH FLOW | -$108M |
| Capital Expenditure | -$74M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$667M |
| Sales/Maturities of Investments | $608M |
| Other Investing Activities | $110M |
| NET CASH FROM INVESTING | $44M |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $257M |
| NET CASH FROM FINANCING | $256M |
| FREE CASH FLOW | -$182M |
| Net Change in Cash | $185M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $780M |
| Short-Term Investments | $360M |
| Net Receivables | $159M |
| Inventory | $23M |
| Other Current Assets | $44M |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $118M |
| Goodwill | $82M |
| Intangible Assets | $119M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $21M |
| TOTAL NON-CURRENT ASSETS | $339M |
| TOTAL ASSETS | $1.7B |
| Account Payables | $17M |
| Short-Term Debt | $258M |
| Deferred Revenue | $6M |
| Other Current Liabilities | $120M |
| TOTAL CURRENT LIABILITIES | $581M |
| Long-Term Debt | $2.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $22M |
| TOTAL NON-CURRENT LIABILITIES | $2.2B |
| TOTAL LIABILITIES | $2.8B |
| Common Stock | $77.0K |
| Additional Paid-In Capital | $2.6B |
| Retained Earnings | -$3.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$26M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$1.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | -$1.1B |
| TOTAL LIABILITIES & EQUITY | $1.7B |
| Total Debt | $2.5B |
| Net Debt | $1.7B |
