| Metric | FY 2023 | Prior Q | FY 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $628M | — | $651M | — | -3.7% |
| Op. Income | -$88M | — | -$57M | — | -53.2% |
| Gross Margin | 42.5% | — | 42.4% | — | 0.1pp |
| Net Margin | -19.6% | — | -4.4% | — | -15.2pp |
| EPS (Diluted) | $-1.79 | — | $-0.44 | — | -306.8% |
| Free Cash Flow | -$77M | — | -$95M | — | 19.4% |
| Item | Amount |
|---|---|
| REVENUE | $628M |
| Cost of Revenue | $361M |
| GROSS PROFIT | $267M |
| R&D Expenses | $94M |
| Selling & Marketing | $4M |
| General & Administrative | $252M |
| SG&A Expenses | $256M |
| Other Expenses | $4M |
| Operating Expenses | $355M |
| Cost & Expenses | $715M |
| OPERATING INCOME | -$88M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$30M |
| INCOME BEFORE TAX | -$117M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | -$123M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$123M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$123M |
| D&A | $49M |
| EBIT | -$81M |
| EBITDA | -$32M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$123M |
| Depreciation & Amortization | $49M |
| Stock-Based Compensation | $32M |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | $23M |
| Change in Working Capital | -$41M |
| OPERATING CASH FLOW | -$62M |
| Capital Expenditure | -$15M |
| Acquisitions (Net) | -$72M |
| Purchases of Investments | -$124M |
| Sales/Maturities of Investments | $209M |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | -$77M |
| Net Change in Cash | -$68M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $83M |
| Short-Term Investments | $80M |
| Net Receivables | $172M |
| Inventory | $193M |
| Other Current Assets | $25M |
| TOTAL CURRENT ASSETS | $560M |
| PP&E (Net) | $216M |
| Goodwill | $100M |
| Intangible Assets | $128M |
| Long-Term Investments | $115M |
| Tax Assets | $1M |
| Other Non-Current Assets | $13M |
| TOTAL NON-CURRENT ASSETS | $574M |
| TOTAL ASSETS | $1.1B |
| Account Payables | $47M |
| Short-Term Debt | $0 |
| Deferred Revenue | $53M |
| Other Current Liabilities | $37M |
| TOTAL CURRENT LIABILITIES | $176M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $24M |
| Deferred Tax Liabilities | $723.0K |
| Other Non-Current Liabilities | $36M |
| TOTAL NON-CURRENT LIABILITIES | $73M |
| TOTAL LIABILITIES | $249M |
| Common Stock | $195.0K |
| Additional Paid-In Capital | $3.1B |
| Retained Earnings | -$2.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$7M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $885M |
| Minority Interest | $0 |
| TOTAL EQUITY | $885M |
| TOTAL LIABILITIES & EQUITY | $1.1B |
| Total Debt | $19M |
| Net Debt | -$64M |
