| Metric | FY 2023 | Prior Q | FY 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $600M | — | $506M | — | 18.5% |
| Op. Income | -$262M | — | -$250M | — | -4.7% |
| Gross Margin | 53.4% | — | 53.3% | — | 0.1pp |
| Net Margin | -46.3% | — | -50.3% | — | 4.0pp |
| EPS (Diluted) | $-1.58 | — | $-1.45 | — | -9.2% |
| Free Cash Flow | -$15M | — | -$103M | — | 85.5% |
| Item | Amount |
|---|---|
| REVENUE | $600M |
| Cost of Revenue | $280M |
| GROSS PROFIT | $320M |
| R&D Expenses | $159M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $423M |
| Other Expenses | $0 |
| Operating Expenses | $582M |
| Cost & Expenses | $861M |
| OPERATING INCOME | -$262M |
| Interest Income | $5M |
| Interest Expense | $12M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | -$269M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | -$278M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$278M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$278M |
| D&A | $104M |
| EBIT | -$257M |
| EBITDA | -$154M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$278M |
| Depreciation & Amortization | $104M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $4M |
| Other Non-Cash Items | $7M |
| Change in Working Capital | $175M |
| OPERATING CASH FLOW | $19M |
| Capital Expenditure | -$34M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$219M |
| Sales/Maturities of Investments | $128M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$125M |
| Net Debt Issuance | $171M |
| Common Stock Repurchased | -$6.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $172M |
| FREE CASH FLOW | -$15M |
| Net Change in Cash | $65M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $136M |
| Short-Term Investments | $160M |
| Net Receivables | $156M |
| Inventory | $10M |
| Other Current Assets | $11M |
| TOTAL CURRENT ASSETS | $507M |
| PP&E (Net) | $83M |
| Goodwill | $4M |
| Intangible Assets | $0 |
| Long-Term Investments | $10M |
| Tax Assets | $0 |
| Other Non-Current Assets | $165M |
| TOTAL NON-CURRENT ASSETS | $262M |
| TOTAL ASSETS | $769M |
| Account Payables | $8M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $316M |
| TOTAL CURRENT LIABILITIES | $435M |
| Long-Term Debt | $180M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $500M |
| TOTAL NON-CURRENT LIABILITIES | $706M |
| TOTAL LIABILITIES | $1.1B |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$1.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $242M |
| TOTAL STOCKHOLDERS' EQUITY | -$373M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$373M |
| TOTAL LIABILITIES & EQUITY | $769M |
| Total Debt | $216M |
| Net Debt | $80M |
