| Metric | FY 2023 | Prior Q | FY 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $50M | — | $34M | — | 45.7% |
| Op. Income | -$43M | — | -$28M | — | -55.1% |
| Gross Margin | 84.5% | — | 82.4% | — | 2.0pp |
| Net Margin | -70.6% | — | -77.5% | — | 6.9pp |
| EPS (Diluted) | $-1.40 | — | $-1.57 | — | 10.8% |
| Free Cash Flow | -$39M | — | -$20M | — | -101.2% |
| Item | Amount |
|---|---|
| REVENUE | $50M |
| Cost of Revenue | $8M |
| GROSS PROFIT | $42M |
| R&D Expenses | $21M |
| Selling & Marketing | $37M |
| General & Administrative | $28M |
| SG&A Expenses | $66M |
| Other Expenses | -$1M |
| Operating Expenses | $85M |
| Cost & Expenses | $93M |
| OPERATING INCOME | -$43M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | $7M |
| INCOME BEFORE TAX | -$35M |
| Income Tax Expense | $66.0K |
| Net Income from Continuing Ops | -$35M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$35M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$35M |
| D&A | $632.0K |
| EBIT | -$34M |
| EBITDA | -$34M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$35M |
| Depreciation & Amortization | $632.0K |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$5M |
| Change in Working Capital | -$7M |
| OPERATING CASH FLOW | -$38M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$79M |
| Sales/Maturities of Investments | $82M |
| Other Investing Activities | -$66.0K |
| NET CASH FROM INVESTING | $2M |
| Net Debt Issuance | $39M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | $40M |
| FREE CASH FLOW | -$39M |
| Net Change in Cash | $4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $22M |
| Short-Term Investments | $67M |
| Net Receivables | $8M |
| Inventory | $6M |
| Other Current Assets | $18.0K |
| TOTAL CURRENT ASSETS | $104M |
| PP&E (Net) | $4M |
| Goodwill | $0 |
| Intangible Assets | $487.0K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $8M |
| TOTAL ASSETS | $112M |
| Account Payables | $4M |
| Short-Term Debt | $0 |
| Deferred Revenue | $33.0K |
| Other Current Liabilities | $506.0K |
| TOTAL CURRENT LIABILITIES | $13M |
| Long-Term Debt | $40M |
| Deferred Revenue NC | $357.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $8M |
| TOTAL NON-CURRENT LIABILITIES | $49M |
| TOTAL LIABILITIES | $63M |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $350M |
| Retained Earnings | -$298M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | -$1M |
| TOTAL STOCKHOLDERS' EQUITY | $49M |
| Minority Interest | $0 |
| TOTAL EQUITY | $49M |
| TOTAL LIABILITIES & EQUITY | $112M |
| Total Debt | $42M |
| Net Debt | $20M |
