| Metric | FY 2024 | Prior Q | FY 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $313M | — | $245M | — | 27.7% |
| Op. Income | -$221M | — | -$217M | — | -1.7% |
| Gross Margin | 42.6% | — | 36.6% | — | 6.0pp |
| Net Margin | -66.7% | — | -83.5% | — | 16.8pp |
| EPS (Diluted) | $-3.60 | — | $-3.60 | — | 0.0% |
| Free Cash Flow | -$69M | — | -$170M | — | 59.4% |
| Item | Amount |
|---|---|
| REVENUE | $313M |
| Cost of Revenue | $180M |
| GROSS PROFIT | $133M |
| R&D Expenses | $91M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $218M |
| Other Expenses | $45M |
| Operating Expenses | $354M |
| Cost & Expenses | $534M |
| OPERATING INCOME | -$221M |
| Interest Income | $15M |
| Interest Expense | $29.0K |
| Other Income/Expenses | $13M |
| INCOME BEFORE TAX | -$208M |
| Income Tax Expense | $560.0K |
| Net Income from Continuing Ops | -$209M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$209M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$209M |
| D&A | $31M |
| EBIT | -$208M |
| EBITDA | -$177M |
| EPS | -$4 |
| EPS Diluted | -$4 |
| Item | Amount |
|---|---|
| Net Income | -$209M |
| Depreciation & Amortization | $31M |
| Stock-Based Compensation | $51M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $47M |
| Change in Working Capital | $15M |
| OPERATING CASH FLOW | -$64M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$52M |
| Sales/Maturities of Investments | $54M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$4M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $11M |
| NET CASH FROM FINANCING | $7M |
| FREE CASH FLOW | -$69M |
| Net Change in Cash | -$60M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $226M |
| Short-Term Investments | $50M |
| Net Receivables | $35M |
| Inventory | $24M |
| Other Current Assets | $11M |
| TOTAL CURRENT ASSETS | $347M |
| PP&E (Net) | $161M |
| Goodwill | $86M |
| Intangible Assets | $14M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $268M |
| TOTAL ASSETS | $614M |
| Account Payables | $2M |
| Short-Term Debt | $0 |
| Deferred Revenue | $2M |
| Other Current Liabilities | $35M |
| TOTAL CURRENT LIABILITIES | $71M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $407.0K |
| TOTAL NON-CURRENT LIABILITIES | $71M |
| TOTAL LIABILITIES | $142M |
| Common Stock | $0 |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | -$1.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$522.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $473M |
| Minority Interest | $0 |
| TOTAL EQUITY | $473M |
| TOTAL LIABILITIES & EQUITY | $614M |
| Total Debt | $85M |
| Net Debt | -$141M |
