| Metric | FY 2023 | Prior Q | FY 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $434M | — | $363M | — | 19.5% |
| Op. Income | -$569M | — | -$649M | — | 12.3% |
| Gross Margin | 89.6% | — | 92.2% | — | -2.6pp |
| Net Margin | -139.7% | — | -194.7% | — | 55.0pp |
| EPS (Diluted) | $-8.25 | — | $-10.12 | — | 18.5% |
| Free Cash Flow | -$522M | — | -$527M | — | 1.0% |
| Item | Amount |
|---|---|
| REVENUE | $434M |
| Cost of Revenue | $45M |
| GROSS PROFIT | $389M |
| R&D Expenses | $648M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $310M |
| Other Expenses | $0 |
| Operating Expenses | $958M |
| Cost & Expenses | $1.0B |
| OPERATING INCOME | -$569M |
| Interest Income | $27M |
| Interest Expense | $66M |
| Other Income/Expenses | -$39M |
| INCOME BEFORE TAX | -$608M |
| Income Tax Expense | -$2M |
| Net Income from Continuing Ops | -$607M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$607M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$607M |
| D&A | $26M |
| EBIT | -$542M |
| EBITDA | -$516M |
| EPS | -$8 |
| EPS Diluted | -$8 |
| Item | Amount |
|---|---|
| Net Income | -$607M |
| Depreciation & Amortization | $26M |
| Stock-Based Compensation | $135M |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | -$13M |
| Change in Working Capital | -$15M |
| OPERATING CASH FLOW | -$475M |
| Capital Expenditure | -$47M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$526M |
| Sales/Maturities of Investments | $746M |
| Other Investing Activities | -$8M |
| NET CASH FROM INVESTING | $168M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $8M |
| NET CASH FROM FINANCING | $388M |
| FREE CASH FLOW | -$522M |
| Net Change in Cash | $82M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $214M |
| Short-Term Investments | $364M |
| Net Receivables | $73M |
| Inventory | $34M |
| Other Current Assets | $48M |
| TOTAL CURRENT ASSETS | $732M |
| PP&E (Net) | $291M |
| Goodwill | $44M |
| Intangible Assets | $166M |
| Long-Term Investments | $200M |
| Tax Assets | $0 |
| Other Non-Current Assets | $58M |
| TOTAL NON-CURRENT ASSETS | $759M |
| TOTAL ASSETS | $1.5B |
| Account Payables | $42M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $143M |
| TOTAL CURRENT LIABILITIES | $280M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $905M |
| TOTAL NON-CURRENT LIABILITIES | $935M |
| TOTAL LIABILITIES | $1.2B |
| Common Stock | $82.0K |
| Additional Paid-In Capital | $3.7B |
| Retained Earnings | -$3.4B |
| Treasury Stock | -$432.0K |
| Accum. Other Comp. Income | $647.0K |
| Other Equity | $432.0K |
| TOTAL STOCKHOLDERS' EQUITY | $275M |
| Minority Interest | $0 |
| TOTAL EQUITY | $275M |
| TOTAL LIABILITIES & EQUITY | $1.5B |
| Total Debt | $43M |
| Net Debt | -$170M |
