| Metric | FY 2023 | Prior Q | FY 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.0B | — | $764M | — | 31.3% |
| Op. Income | $12M | — | -$346M | — | 103.3% |
| Gross Margin | 47.4% | — | 40.4% | — | 7.0pp |
| Net Margin | -5.8% | — | -38.9% | — | 33.1pp |
| EPS (Diluted) | $-0.35 | — | $-1.81 | — | 80.7% |
| Free Cash Flow | -$29M | — | -$373M | — | 92.4% |
| Item | Amount |
|---|---|
| REVENUE | $1.0B |
| Cost of Revenue | $527M |
| GROSS PROFIT | $475M |
| R&D Expenses | $26M |
| Selling & Marketing | $438M |
| General & Administrative | $0 |
| SG&A Expenses | $438M |
| Other Expenses | $0 |
| Operating Expenses | $464M |
| Cost & Expenses | $991M |
| OPERATING INCOME | $12M |
| Interest Income | $0 |
| Interest Expense | $81M |
| Other Income/Expenses | -$81M |
| INCOME BEFORE TAX | -$69M |
| Income Tax Expense | -$11M |
| Net Income from Continuing Ops | -$59M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$59M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$59M |
| D&A | $28M |
| EBIT | $11M |
| EBITDA | $39M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$59M |
| Depreciation & Amortization | $28M |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | -$11M |
| Other Non-Cash Items | $44M |
| Change in Working Capital | -$33M |
| OPERATING CASH FLOW | -$19M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$8M |
| NET CASH FROM INVESTING | -$9M |
| Net Debt Issuance | -$18M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$11M |
| NET CASH FROM FINANCING | -$29M |
| FREE CASH FLOW | -$29M |
| Net Change in Cash | -$58M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $83M |
| Short-Term Investments | $0 |
| Net Receivables | $267M |
| Inventory | $6M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $363M |
| PP&E (Net) | $51M |
| Goodwill | $29M |
| Intangible Assets | $25M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $751M |
| TOTAL NON-CURRENT ASSETS | $856M |
| TOTAL ASSETS | $1.2B |
| Account Payables | $28M |
| Short-Term Debt | $34M |
| Deferred Revenue | $3M |
| Other Current Liabilities | $51M |
| TOTAL CURRENT LIABILITIES | $137M |
| Long-Term Debt | $665M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $40M |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $735M |
| TOTAL LIABILITIES | $872M |
| Common Stock | $2M |
| Additional Paid-In Capital | $567M |
| Retained Earnings | -$236M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $14M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $347M |
| Minority Interest | $0 |
| TOTAL EQUITY | $347M |
| TOTAL LIABILITIES & EQUITY | $1.2B |
| Total Debt | $732M |
| Net Debt | $649M |
