| Metric | FY 2023 | Prior Q | FY 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $23M | — | $17M | — | 31.4% |
| Op. Income | -$57M | — | -$63M | — | 10.5% |
| Gross Margin | -24.4% | — | -49.8% | — | 25.5pp |
| Net Margin | -233.0% | — | -354.9% | — | 121.9pp |
| EPS (Diluted) | $-1.22 | — | $-1.43 | — | 14.7% |
| Free Cash Flow | -$47M | — | -$65M | — | 28.1% |
| Item | Amount |
|---|---|
| REVENUE | $23M |
| Cost of Revenue | $28M |
| GROSS PROFIT | -$5M |
| R&D Expenses | $13M |
| Selling & Marketing | $13M |
| General & Administrative | $25M |
| SG&A Expenses | $38M |
| Other Expenses | $0 |
| Operating Expenses | $51M |
| Cost & Expenses | $79M |
| OPERATING INCOME | -$57M |
| Interest Income | $4M |
| Interest Expense | $0 |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | -$52M |
| Income Tax Expense | $31.0K |
| Net Income from Continuing Ops | -$52M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$52M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$52M |
| D&A | $3M |
| EBIT | -$57M |
| EBITDA | -$53M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$52M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | $555.0K |
| OPERATING CASH FLOW | -$45M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$62M |
| Sales/Maturities of Investments | $106M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $42M |
| Net Debt Issuance | -$37.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $186.0K |
| NET CASH FROM FINANCING | $149.0K |
| FREE CASH FLOW | -$47M |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $24M |
| Short-Term Investments | $68M |
| Net Receivables | $6M |
| Inventory | $20M |
| Other Current Assets | $577.0K |
| TOTAL CURRENT ASSETS | $120M |
| PP&E (Net) | $19M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $3M |
| Tax Assets | $0 |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $23M |
| TOTAL ASSETS | $143M |
| Account Payables | $2M |
| Short-Term Debt | $0 |
| Deferred Revenue | $6M |
| Other Current Liabilities | $5M |
| TOTAL CURRENT LIABILITIES | $19M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $263.0K |
| TOTAL NON-CURRENT LIABILITIES | $6M |
| TOTAL LIABILITIES | $25M |
| Common Stock | $424.0K |
| Additional Paid-In Capital | $546M |
| Retained Earnings | -$428M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$101.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $118M |
| Minority Interest | $0 |
| TOTAL EQUITY | $118M |
| TOTAL LIABILITIES & EQUITY | $143M |
| Total Debt | $7M |
| Net Debt | -$17M |
