| Metric | FY 2022 | Prior Q | FY 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $506M | — | $388M | — | 30.5% |
| Op. Income | -$250M | — | -$209M | — | -19.5% |
| Gross Margin | 53.3% | — | 56.0% | — | -2.7pp |
| Net Margin | -50.3% | — | -55.0% | — | 4.7pp |
| EPS (Diluted) | $-1.45 | — | $-1.21 | — | -19.4% |
| Free Cash Flow | -$103M | — | -$75M | — | -38.3% |
| Item | Amount |
|---|---|
| REVENUE | $506M |
| Cost of Revenue | $236M |
| GROSS PROFIT | $270M |
| R&D Expenses | $160M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $360M |
| Other Expenses | $0 |
| Operating Expenses | $520M |
| Cost & Expenses | $756M |
| OPERATING INCOME | -$250M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | $229.0K |
| INCOME BEFORE TAX | -$250M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | -$254M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$254M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$254M |
| D&A | $105M |
| EBIT | -$250M |
| EBITDA | -$145M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$254M |
| Depreciation & Amortization | $105M |
| Stock-Based Compensation | $45M |
| Deferred Income Tax | $3M |
| Other Non-Cash Items | $3M |
| Change in Working Capital | $16M |
| OPERATING CASH FLOW | -$83M |
| Capital Expenditure | -$20M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$144M |
| Sales/Maturities of Investments | $173M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $8M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$1M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $23M |
| FREE CASH FLOW | -$103M |
| Net Change in Cash | -$51M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $71M |
| Short-Term Investments | $68M |
| Net Receivables | $167M |
| Inventory | $4M |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $331M |
| PP&E (Net) | $66M |
| Goodwill | $4M |
| Intangible Assets | $0 |
| Long-Term Investments | $6M |
| Tax Assets | $0 |
| Other Non-Current Assets | $112M |
| TOTAL NON-CURRENT ASSETS | $188M |
| TOTAL ASSETS | $519M |
| Account Payables | $14M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $214M |
| TOTAL CURRENT LIABILITIES | $337M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $254M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $5M |
| TOTAL NON-CURRENT LIABILITIES | $286M |
| TOTAL LIABILITIES | $624M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$88.0K |
| Other Equity | $231M |
| TOTAL STOCKHOLDERS' EQUITY | -$105M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$105M |
| TOTAL LIABILITIES & EQUITY | $519M |
| Total Debt | $33M |
| Net Debt | -$38M |
