| Metric | FY 2023 | Prior Q | FY 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $782M | — | $1.0B | — | -23.6% |
| Op. Income | -$24M | — | $119M | — | -120.3% |
| Gross Margin | 58.9% | — | 62.7% | — | -3.9pp |
| Net Margin | -4.4% | — | 8.9% | — | -13.3pp |
| EPS (Diluted) | $-1.09 | — | $2.54 | — | -142.9% |
| Free Cash Flow | -$53M | — | $45M | — | -216.2% |
| Item | Amount |
|---|---|
| REVENUE | $782M |
| Cost of Revenue | $322M |
| GROSS PROFIT | $461M |
| R&D Expenses | $338M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $147M |
| Other Expenses | $0 |
| Operating Expenses | $485M |
| Cost & Expenses | $806M |
| OPERATING INCOME | -$24M |
| Interest Income | $19M |
| Interest Expense | $6M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$27M |
| Income Tax Expense | $8M |
| 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 | $51M |
| EBIT | -$5M |
| EBITDA | $46M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$35M |
| Depreciation & Amortization | $51M |
| Stock-Based Compensation | $48M |
| Deferred Income Tax | -$12M |
| Other Non-Cash Items | $17M |
| Change in Working Capital | -$100M |
| OPERATING CASH FLOW | -$30M |
| Capital Expenditure | -$22M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$103M |
| Sales/Maturities of Investments | $596M |
| Other Investing Activities | -$520.0K |
| NET CASH FROM INVESTING | $470M |
| Net Debt Issuance | -$491M |
| Common Stock Repurchased | -$217M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$18M |
| NET CASH FROM FINANCING | -$712M |
| FREE CASH FLOW | -$53M |
| Net Change in Cash | -$272M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $228M |
| Short-Term Investments | $212M |
| Net Receivables | $29M |
| Inventory | $194M |
| Other Current Assets | $75M |
| TOTAL CURRENT ASSETS | $738M |
| PP&E (Net) | $146M |
| Goodwill | $376M |
| Intangible Assets | $60M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $123M |
| TOTAL NON-CURRENT ASSETS | $705M |
| TOTAL ASSETS | $1.4B |
| Account Payables | $57M |
| Short-Term Debt | $45M |
| Deferred Revenue | $2M |
| Other Current Liabilities | $53M |
| TOTAL CURRENT LIABILITIES | $164M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $51M |
| TOTAL NON-CURRENT LIABILITIES | $71M |
| TOTAL LIABILITIES | $234M |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $17M |
| Retained Earnings | $1.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.2B |
| TOTAL LIABILITIES & EQUITY | $1.4B |
| Total Debt | $65M |
| Net Debt | -$163M |
