| Metric | FY 2024 | Prior Q | FY 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $312M | — | $422M | — | -26.2% |
| Op. Income | -$29M | — | -$17M | — | -73.1% |
| Gross Margin | 40.1% | — | 33.9% | — | 6.1pp |
| Net Margin | -13.2% | — | -4.4% | — | -8.9pp |
| EPS (Diluted) | $-8.60 | — | $-8.40 | — | -2.4% |
| Free Cash Flow | -$16M | — | -$17M | — | 8.3% |
| Item | Amount |
|---|---|
| REVENUE | $312M |
| Cost of Revenue | $187M |
| GROSS PROFIT | $125M |
| R&D Expenses | $38M |
| Selling & Marketing | $61M |
| General & Administrative | $52M |
| SG&A Expenses | $112M |
| Other Expenses | $3M |
| Operating Expenses | $154M |
| Cost & Expenses | $340M |
| OPERATING INCOME | -$29M |
| Interest Income | $0 |
| Interest Expense | $15M |
| Other Income/Expenses | -$12M |
| INCOME BEFORE TAX | -$41M |
| Income Tax Expense | $711.0K |
| Net Income from Continuing Ops | -$41M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$41M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$41M |
| D&A | $9M |
| EBIT | -$25M |
| EBITDA | -$16M |
| EPS | -$9 |
| EPS Diluted | -$9 |
| Item | Amount |
|---|---|
| Net Income | -$41M |
| Depreciation & Amortization | $9M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $10M |
| Change in Working Capital | $7M |
| OPERATING CASH FLOW | -$10M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$6M |
| Net Debt Issuance | $16M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $16M |
| FREE CASH FLOW | -$16M |
| Net Change in Cash | -$315.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $26M |
| Short-Term Investments | $0 |
| Net Receivables | $68M |
| Inventory | $28M |
| Other Current Assets | $9M |
| TOTAL CURRENT ASSETS | $132M |
| PP&E (Net) | $21M |
| Goodwill | $13M |
| Intangible Assets | $2M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $20M |
| TOTAL NON-CURRENT ASSETS | $56M |
| TOTAL ASSETS | $188M |
| Account Payables | $26M |
| Short-Term Debt | $109M |
| Deferred Revenue | $79M |
| Other Current Liabilities | $16M |
| TOTAL CURRENT LIABILITIES | $250M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $38M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $11M |
| TOTAL NON-CURRENT LIABILITIES | $59M |
| TOTAL LIABILITIES | $309M |
| Common Stock | $959.0K |
| Additional Paid-In Capital | $707M |
| Retained Earnings | -$827M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$121M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$121M |
| TOTAL LIABILITIES & EQUITY | $188M |
| Total Debt | $120M |
| Net Debt | $94M |
