| Metric | FY 2024 | Prior Q | FY 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $572M | — | $628M | — | -8.8% |
| Op. Income | -$86M | — | -$88M | — | 2.2% |
| Gross Margin | 44.9% | — | 42.5% | — | 2.3pp |
| Net Margin | -21.0% | — | -19.6% | — | -1.4pp |
| EPS (Diluted) | $-1.70 | — | $-1.79 | — | 5.0% |
| Free Cash Flow | -$5M | — | -$77M | — | 93.6% |
| Item | Amount |
|---|---|
| REVENUE | $572M |
| Cost of Revenue | $316M |
| GROSS PROFIT | $257M |
| R&D Expenses | $99M |
| Selling & Marketing | $4M |
| General & Administrative | $234M |
| SG&A Expenses | $238M |
| Other Expenses | $5M |
| Operating Expenses | $342M |
| Cost & Expenses | $658M |
| OPERATING INCOME | -$86M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | -$32M |
| INCOME BEFORE TAX | -$117M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | -$120M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$120M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$120M |
| D&A | $45M |
| EBIT | -$86M |
| EBITDA | -$40M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$120M |
| Depreciation & Amortization | $45M |
| Stock-Based Compensation | $26M |
| Deferred Income Tax | $1M |
| Other Non-Cash Items | $46M |
| Change in Working Capital | $10M |
| OPERATING CASH FLOW | $8M |
| Capital Expenditure | -$13M |
| Acquisitions (Net) | -$2M |
| Purchases of Investments | -$171M |
| Sales/Maturities of Investments | $170M |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$15M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$2M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$3M |
| FREE CASH FLOW | -$5M |
| Net Change in Cash | -$12M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $70M |
| Short-Term Investments | $81M |
| Net Receivables | $153M |
| Inventory | $180M |
| Other Current Assets | $22M |
| TOTAL CURRENT ASSETS | $513M |
| PP&E (Net) | $217M |
| Goodwill | $99M |
| Intangible Assets | $106M |
| Long-Term Investments | $80M |
| Tax Assets | $962.0K |
| Other Non-Current Assets | $14M |
| TOTAL NON-CURRENT ASSETS | $517M |
| TOTAL ASSETS | $1.0B |
| Account Payables | $45M |
| Short-Term Debt | $0 |
| Deferred Revenue | $46M |
| Other Current Liabilities | $29M |
| TOTAL CURRENT LIABILITIES | $167M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $19M |
| Deferred Tax Liabilities | $507.0K |
| Other Non-Current Liabilities | $25M |
| TOTAL NON-CURRENT LIABILITIES | $70M |
| TOTAL LIABILITIES | $237M |
| Common Stock | $202.0K |
| Additional Paid-In Capital | $3.1B |
| Retained Earnings | -$2.3B |
| Treasury Stock | -$2M |
| Accum. Other Comp. Income | -$8M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $793M |
| Minority Interest | $0 |
| TOTAL EQUITY | $793M |
| TOTAL LIABILITIES & EQUITY | $1.0B |
| Total Debt | $32M |
| Net Debt | -$38M |
