| Metric | FY 2023 | Prior Q | FY 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $422M | — | $205M | — | 106.1% |
| Op. Income | -$403M | — | -$267M | — | -50.6% |
| Gross Margin | 65.8% | — | 60.1% | — | 5.7pp |
| Net Margin | -89.7% | — | -132.4% | — | 42.7pp |
| EPS (Diluted) | $-1.36 | — | $-1.56 | — | 12.8% |
| Free Cash Flow | -$212M | — | -$106M | — | -100.3% |
| Item | Amount |
|---|---|
| REVENUE | $422M |
| Cost of Revenue | $144M |
| GROSS PROFIT | $278M |
| R&D Expenses | $207M |
| Selling & Marketing | $311M |
| General & Administrative | $163M |
| SG&A Expenses | $474M |
| Other Expenses | -$1M |
| Operating Expenses | $681M |
| Cost & Expenses | $825M |
| OPERATING INCOME | -$403M |
| Interest Income | $21M |
| Interest Expense | $2M |
| Other Income/Expenses | $18M |
| INCOME BEFORE TAX | -$384M |
| Income Tax Expense | -$6M |
| Net Income from Continuing Ops | -$379M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$379M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$379M |
| D&A | $33M |
| EBIT | -$382M |
| EBITDA | -$349M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$379M |
| Depreciation & Amortization | $30M |
| Stock-Based Compensation | $164M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $27M |
| Change in Working Capital | -$35M |
| OPERATING CASH FLOW | -$193M |
| Capital Expenditure | -$19M |
| Acquisitions (Net) | -$281M |
| Purchases of Investments | -$1.9B |
| Sales/Maturities of Investments | $925M |
| Other Investing Activities | -$14M |
| NET CASH FROM INVESTING | -$1.3B |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $36M |
| NET CASH FROM FINANCING | $36M |
| FREE CASH FLOW | -$212M |
| Net Change in Cash | -$1.5B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $138M |
| Short-Term Investments | $486M |
| Net Receivables | $151M |
| Inventory | $38M |
| Other Current Assets | $61M |
| TOTAL CURRENT ASSETS | $915M |
| PP&E (Net) | $62M |
| Goodwill | $540M |
| Intangible Assets | $145M |
| Long-Term Investments | $535M |
| Tax Assets | $0 |
| Other Non-Current Assets | $61M |
| TOTAL NON-CURRENT ASSETS | $1.3B |
| TOTAL ASSETS | $2.3B |
| Account Payables | $11M |
| Short-Term Debt | $0 |
| Deferred Revenue | $303M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $473M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $103M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $129M |
| TOTAL LIABILITIES | $602M |
| Common Stock | $29.0K |
| Additional Paid-In Capital | $2.7B |
| Retained Earnings | -$1.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$6M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.7B |
| TOTAL LIABILITIES & EQUITY | $2.3B |
| Total Debt | $27M |
| Net Debt | -$111M |
