| Metric | FY 2023 | Prior Q | FY 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $176M | — | $111M | — | 58.3% |
| Op. Income | -$274M | — | -$201M | — | -36.1% |
| Gross Margin | 100.0% | — | 89.1% | — | 10.9pp |
| Net Margin | -146.3% | — | -172.8% | — | 26.5pp |
| EPS (Diluted) | $-1.48 | — | $-1.25 | — | -18.4% |
| Free Cash Flow | -$246M | — | -$244M | — | -0.9% |
| Item | Amount |
|---|---|
| REVENUE | $176M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $176M |
| R&D Expenses | $234M |
| Selling & Marketing | $0 |
| General & Administrative | $61M |
| SG&A Expenses | $61M |
| Other Expenses | $155M |
| Operating Expenses | $450M |
| Cost & Expenses | $450M |
| OPERATING INCOME | -$274M |
| Interest Income | $11M |
| Interest Expense | $0 |
| Other Income/Expenses | $11M |
| INCOME BEFORE TAX | -$263M |
| Income Tax Expense | -$5M |
| Net Income from Continuing Ops | -$258M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$258M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$258M |
| D&A | $22M |
| EBIT | -$119M |
| EBITDA | -$97M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$258M |
| Depreciation & Amortization | $22M |
| Stock-Based Compensation | $27M |
| Deferred Income Tax | -$6M |
| Other Non-Cash Items | $154M |
| Change in Working Capital | -$164M |
| OPERATING CASH FLOW | -$225M |
| Capital Expenditure | -$21M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$60M |
| Sales/Maturities of Investments | $234M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $154M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$518.0K |
| NET CASH FROM FINANCING | $15M |
| FREE CASH FLOW | -$246M |
| Net Change in Cash | -$55M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $45M |
| Short-Term Investments | $36M |
| Net Receivables | $4M |
| Inventory | $0 |
| Other Current Assets | $9M |
| TOTAL CURRENT ASSETS | $94M |
| PP&E (Net) | $53M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $2M |
| Tax Assets | $0 |
| Other Non-Current Assets | $17M |
| TOTAL NON-CURRENT ASSETS | $71M |
| TOTAL ASSETS | $165M |
| Account Payables | $15M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $12M |
| TOTAL CURRENT LIABILITIES | $48M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $35M |
| TOTAL LIABILITIES | $82M |
| Common Stock | $2M |
| Additional Paid-In Capital | $1.5B |
| Retained Earnings | -$1.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $83M |
| Minority Interest | $0 |
| TOTAL EQUITY | $83M |
| TOTAL LIABILITIES & EQUITY | $165M |
| Total Debt | $38M |
| Net Debt | -$7M |
