| Metric | FY 2023 | Prior Q | FY 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $154M | — | $68M | — | 126.8% |
| Op. Income | -$89M | — | -$129M | — | 30.8% |
| Gross Margin | 95.6% | — | 87.8% | — | 7.8pp |
| Net Margin | -69.5% | — | -175.9% | — | 106.4pp |
| EPS (Diluted) | $-17.80 | — | $-23.50 | — | 24.3% |
| Free Cash Flow | -$116M | — | -$4M | — | -2590.4% |
| Item | Amount |
|---|---|
| REVENUE | $154M |
| Cost of Revenue | $7M |
| GROSS PROFIT | $147M |
| R&D Expenses | $180M |
| Selling & Marketing | $0 |
| General & Administrative | $63M |
| SG&A Expenses | $63M |
| Other Expenses | -$7M |
| Operating Expenses | $236M |
| Cost & Expenses | $243M |
| OPERATING INCOME | -$89M |
| Interest Income | $15M |
| Interest Expense | $24M |
| Other Income/Expenses | $677.0K |
| INCOME BEFORE TAX | -$89M |
| Income Tax Expense | $18M |
| Net Income from Continuing Ops | -$107M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$107M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$107M |
| D&A | $7M |
| EBIT | -$75M |
| EBITDA | -$68M |
| EPS | -$18 |
| EPS Diluted | -$18 |
| Item | Amount |
|---|---|
| Net Income | -$107M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $25M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | -$34M |
| OPERATING CASH FLOW | -$112M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$460M |
| Sales/Maturities of Investments | $461M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | -$13M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $138M |
| NET CASH FROM FINANCING | $138M |
| FREE CASH FLOW | -$116M |
| Net Change in Cash | $22M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $69M |
| Short-Term Investments | $306M |
| Net Receivables | $36M |
| Inventory | $0 |
| Other Current Assets | $10M |
| TOTAL CURRENT ASSETS | $422M |
| PP&E (Net) | $45M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $49M |
| TOTAL ASSETS | $471M |
| Account Payables | $9M |
| Short-Term Debt | $4M |
| Deferred Revenue | $21M |
| Other Current Liabilities | $19M |
| TOTAL CURRENT LIABILITIES | $94M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $202M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $227M |
| TOTAL LIABILITIES | $321M |
| Common Stock | $61.0K |
| Additional Paid-In Capital | $709M |
| Retained Earnings | -$559M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $21.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $150M |
| Minority Interest | $0 |
| TOTAL EQUITY | $150M |
| TOTAL LIABILITIES & EQUITY | $471M |
| Total Debt | $34M |
| Net Debt | -$36M |
