| Metric | FY 2024 | Prior Q | FY 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $628M | — | $600M | — | 4.7% |
| Op. Income | -$307M | — | -$262M | — | -17.2% |
| Gross Margin | 62.1% | — | 53.4% | — | 8.7pp |
| Net Margin | -56.4% | — | -46.3% | — | -10.1pp |
| EPS (Diluted) | $-2.01 | — | $-1.58 | — | -27.5% |
| Free Cash Flow | -$17M | — | -$15M | — | -12.3% |
| Item | Amount |
|---|---|
| REVENUE | $628M |
| Cost of Revenue | $238M |
| GROSS PROFIT | $390M |
| R&D Expenses | $190M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $506M |
| Other Expenses | $0 |
| Operating Expenses | $696M |
| Cost & Expenses | $934M |
| OPERATING INCOME | -$307M |
| Interest Income | $11M |
| Interest Expense | $30M |
| Other Income/Expenses | -$21M |
| INCOME BEFORE TAX | -$327M |
| Income Tax Expense | $27M |
| Net Income from Continuing Ops | -$354M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$354M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$354M |
| D&A | $101M |
| EBIT | -$297M |
| EBITDA | -$196M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$354M |
| Depreciation & Amortization | $18M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | $388M |
| Change in Working Capital | -$65M |
| OPERATING CASH FLOW | -$5M |
| Capital Expenditure | -$12M |
| Acquisitions (Net) | -$90M |
| Purchases of Investments | -$246M |
| Sales/Maturities of Investments | $263M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$94M |
| Net Debt Issuance | $96M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $96M |
| FREE CASH FLOW | -$17M |
| Net Change in Cash | -$4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $130M |
| Short-Term Investments | $149M |
| Net Receivables | $140M |
| Inventory | $5M |
| Other Current Assets | $125M |
| TOTAL CURRENT ASSETS | $549M |
| PP&E (Net) | $78M |
| Goodwill | $100M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $147M |
| TOTAL NON-CURRENT ASSETS | $325M |
| TOTAL ASSETS | $874M |
| Account Payables | $7M |
| Short-Term Debt | $0 |
| Deferred Revenue | $526M |
| Other Current Liabilities | $72M |
| TOTAL CURRENT LIABILITIES | $656M |
| Long-Term Debt | $287M |
| Deferred Revenue NC | $580M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $33M |
| TOTAL NON-CURRENT LIABILITIES | $922M |
| TOTAL LIABILITIES | $1.6B |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$1.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $265M |
| TOTAL STOCKHOLDERS' EQUITY | -$705M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$705M |
| TOTAL LIABILITIES & EQUITY | $874M |
| Total Debt | $309M |
| Net Debt | $179M |
