| Metric | FY 2023 | Prior Q | FY 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $619M | — | $516M | — | 19.8% |
| Op. Income | -$265M | — | -$168M | — | -58.0% |
| Gross Margin | 66.2% | — | 76.7% | — | -10.5pp |
| Net Margin | -41.2% | — | -32.1% | — | -9.1pp |
| EPS (Diluted) | $-2.18 | — | $-1.46 | — | -49.3% |
| Free Cash Flow | -$65M | — | -$165M | — | 60.8% |
| Item | Amount |
|---|---|
| REVENUE | $619M |
| Cost of Revenue | $209M |
| GROSS PROFIT | $409M |
| R&D Expenses | $270M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $343M |
| Other Expenses | $61M |
| Operating Expenses | $675M |
| Cost & Expenses | $884M |
| OPERATING INCOME | -$265M |
| Interest Income | $17M |
| Interest Expense | $33.0K |
| Other Income/Expenses | $17M |
| INCOME BEFORE TAX | -$249M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | -$255M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$255M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$255M |
| D&A | $44M |
| EBIT | -$249M |
| EBITDA | -$205M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$255M |
| Depreciation & Amortization | $44M |
| Stock-Based Compensation | $167M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $12M |
| Change in Working Capital | $17M |
| OPERATING CASH FLOW | -$15M |
| Capital Expenditure | -$50M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $183M |
| Other Investing Activities | -$923.0K |
| NET CASH FROM INVESTING | $133M |
| Net Debt Issuance | -$6M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $14M |
| FREE CASH FLOW | -$65M |
| Net Change in Cash | $132M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $359M |
| Short-Term Investments | $29M |
| Net Receivables | $115M |
| Inventory | $74M |
| Other Current Assets | $19M |
| TOTAL CURRENT ASSETS | $596M |
| PP&E (Net) | $345M |
| Goodwill | $5M |
| Intangible Assets | $17M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $369M |
| TOTAL ASSETS | $965M |
| Account Payables | $16M |
| Short-Term Debt | $0 |
| Deferred Revenue | $13M |
| Other Current Liabilities | $34M |
| TOTAL CURRENT LIABILITIES | $127M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $9M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $97M |
| TOTAL LIABILITIES | $224M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $2.0B |
| Retained Earnings | -$1.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$429.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $741M |
| Minority Interest | $0 |
| TOTAL EQUITY | $741M |
| TOTAL LIABILITIES & EQUITY | $965M |
| Total Debt | $95M |
| Net Debt | -$264M |
