| Metric | FY 2022 | Prior Q | FY 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $516M | — | $490M | — | 5.3% |
| Op. Income | -$168M | — | -$53M | — | -217.4% |
| Gross Margin | 76.7% | — | 84.9% | — | -8.2pp |
| Net Margin | -32.1% | — | -11.9% | — | -20.3pp |
| EPS (Diluted) | $-1.46 | — | $-0.53 | — | -175.5% |
| Free Cash Flow | -$165M | — | -$123M | — | -34.7% |
| Item | Amount |
|---|---|
| REVENUE | $516M |
| Cost of Revenue | $120M |
| GROSS PROFIT | $396M |
| R&D Expenses | $266M |
| Selling & Marketing | $4M |
| General & Administrative | $295M |
| SG&A Expenses | $298M |
| Other Expenses | $0 |
| Operating Expenses | $564M |
| Cost & Expenses | $684M |
| OPERATING INCOME | -$168M |
| Interest Income | $7M |
| Interest Expense | $476.0K |
| Other Income/Expenses | $6M |
| INCOME BEFORE TAX | -$162M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | -$166M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$166M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$166M |
| D&A | $33M |
| EBIT | -$161M |
| EBITDA | -$128M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$166M |
| Depreciation & Amortization | $33M |
| Stock-Based Compensation | $137M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$39M |
| OPERATING CASH FLOW | -$34M |
| Capital Expenditure | -$132M |
| Acquisitions (Net) | -$4M |
| Purchases of Investments | -$283M |
| Sales/Maturities of Investments | $68M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$351M |
| Net Debt Issuance | -$5M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $16M |
| FREE CASH FLOW | -$165M |
| Net Change in Cash | -$369M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $220M |
| Short-Term Investments | $210M |
| Net Receivables | $104M |
| Inventory | $82M |
| Other Current Assets | $19M |
| TOTAL CURRENT ASSETS | $635M |
| PP&E (Net) | $359M |
| Goodwill | $5M |
| Intangible Assets | $23M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $7M |
| TOTAL NON-CURRENT ASSETS | $394M |
| TOTAL ASSETS | $1.0B |
| Account Payables | $22M |
| Short-Term Debt | $0 |
| Deferred Revenue | $8M |
| Other Current Liabilities | $30M |
| TOTAL CURRENT LIABILITIES | $131M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $3M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $92M |
| TOTAL LIABILITIES | $223M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | -$1.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $806M |
| Minority Interest | $0 |
| TOTAL EQUITY | $806M |
| TOTAL LIABILITIES & EQUITY | $1.0B |
| Total Debt | $95M |
| Net Debt | -$125M |
