| Metric | FY 2023 | Prior Q | FY 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.9B | — | $2.7B | — | 41.5% |
| Op. Income | -$287M | — | -$384M | — | 25.3% |
| Gross Margin | 21.6% | — | 18.7% | — | 2.9pp |
| Net Margin | -6.4% | — | -10.1% | — | 3.7pp |
| EPS (Diluted) | $-0.47 | — | $-0.72 | — | 34.7% |
| Free Cash Flow | $93M | — | -$189M | — | 149.2% |
| Item | Amount |
|---|---|
| REVENUE | $3.9B |
| Cost of Revenue | $3.0B |
| GROSS PROFIT | $834M |
| R&D Expenses | $358M |
| Selling & Marketing | $401M |
| General & Administrative | $362M |
| SG&A Expenses | $763M |
| Other Expenses | $0 |
| Operating Expenses | $1.1B |
| Cost & Expenses | $4.2B |
| OPERATING INCOME | -$287M |
| Interest Income | $37M |
| Interest Expense | $0 |
| Other Income/Expenses | $43M |
| INCOME BEFORE TAX | -$244M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$246M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$246M |
| Net Income Deductions | $3M |
| BOTTOM LINE NET INCOME | -$249M |
| D&A | $32M |
| EBIT | -$287M |
| EBITDA | -$255M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$246M |
| Depreciation & Amortization | $32M |
| Stock-Based Compensation | $287M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $121M |
| Change in Working Capital | -$59M |
| OPERATING CASH FLOW | $135M |
| Capital Expenditure | -$42M |
| Acquisitions (Net) | -$9M |
| Purchases of Investments | -$623M |
| Sales/Maturities of Investments | $591M |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | -$86M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $27M |
| NET CASH FROM FINANCING | $63M |
| FREE CASH FLOW | $93M |
| Net Change in Cash | $112M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $605M |
| Short-Term Investments | $519M |
| Net Receivables | $127M |
| Inventory | $124M |
| Other Current Assets | $111M |
| TOTAL CURRENT ASSETS | $1.5B |
| PP&E (Net) | $111M |
| Goodwill | $113M |
| Intangible Assets | $26M |
| Long-Term Investments | $55M |
| Tax Assets | $0 |
| Other Non-Current Assets | $143M |
| TOTAL NON-CURRENT ASSETS | $448M |
| TOTAL ASSETS | $2.0B |
| Account Payables | $32M |
| Short-Term Debt | $11M |
| Deferred Revenue | $39M |
| Other Current Liabilities | $478M |
| TOTAL CURRENT LIABILITIES | $663M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $68M |
| TOTAL NON-CURRENT LIABILITIES | $101M |
| TOTAL LIABILITIES | $764M |
| Common Stock | $0 |
| Additional Paid-In Capital | $2.8B |
| Retained Earnings | -$1.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.2B |
| TOTAL LIABILITIES & EQUITY | $2.0B |
| Total Debt | $44M |
| Net Debt | -$561M |
