| Metric | FY 2024 | Prior Q | FY 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $584M | — | $782M | — | -25.3% |
| Op. Income | -$165M | — | -$24M | — | -585.1% |
| Gross Margin | 53.4% | — | 58.9% | — | -5.5pp |
| Net Margin | -32.7% | — | -4.4% | — | -28.3pp |
| EPS (Diluted) | $-5.93 | — | $-1.09 | — | -444.0% |
| Free Cash Flow | -$26M | — | -$53M | — | 51.2% |
| Item | Amount |
|---|---|
| REVENUE | $584M |
| Cost of Revenue | $272M |
| GROSS PROFIT | $312M |
| R&D Expenses | $332M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $145M |
| Other Expenses | $0 |
| Operating Expenses | $478M |
| Cost & Expenses | $750M |
| OPERATING INCOME | -$165M |
| Interest Income | $12M |
| Interest Expense | $1M |
| Other Income/Expenses | $11M |
| INCOME BEFORE TAX | -$155M |
| Income Tax Expense | $36M |
| Net Income from Continuing Ops | -$191M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$191M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$191M |
| D&A | $49M |
| EBIT | -$154M |
| EBITDA | -$105M |
| EPS | -$6 |
| EPS Diluted | -$6 |
| Item | Amount |
|---|---|
| Net Income | -$191M |
| Depreciation & Amortization | $49M |
| Stock-Based Compensation | $62M |
| Deferred Income Tax | $29M |
| Other Non-Cash Items | $0 |
| Change in Working Capital | $38M |
| OPERATING CASH FLOW | -$14M |
| Capital Expenditure | -$12M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$74M |
| Sales/Maturities of Investments | $198M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $113M |
| Net Debt Issuance | -$45M |
| Common Stock Repurchased | -$16.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$16M |
| NET CASH FROM FINANCING | -$45M |
| FREE CASH FLOW | -$26M |
| Net Change in Cash | $54M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $282M |
| Short-Term Investments | $101M |
| Net Receivables | $54M |
| Inventory | $106M |
| Other Current Assets | $60M |
| TOTAL CURRENT ASSETS | $602M |
| PP&E (Net) | $132M |
| Goodwill | $376M |
| Intangible Assets | $36M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $76M |
| TOTAL NON-CURRENT ASSETS | $621M |
| TOTAL ASSETS | $1.2B |
| Account Payables | $42M |
| Short-Term Debt | $0 |
| Deferred Revenue | $3M |
| Other Current Liabilities | $38M |
| TOTAL CURRENT LIABILITIES | $98M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $29M |
| TOTAL NON-CURRENT LIABILITIES | $45M |
| TOTAL LIABILITIES | $143M |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $78M |
| Retained Earnings | $1.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $70.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.1B |
| TOTAL LIABILITIES & EQUITY | $1.2B |
| Total Debt | $21M |
| Net Debt | -$260M |
