| Metric | FY 2023 | Prior Q | FY 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $729M | — | $629M | — | 15.9% |
| Op. Income | -$122M | — | -$151M | — | 19.4% |
| Gross Margin | 57.5% | — | 56.2% | — | 1.3pp |
| Net Margin | -14.7% | — | -24.5% | — | 9.7pp |
| EPS (Diluted) | $-0.71 | — | $-1.09 | — | 34.9% |
| Free Cash Flow | -$15M | — | -$77M | — | 80.3% |
| Item | Amount |
|---|---|
| REVENUE | $729M |
| Cost of Revenue | $310M |
| GROSS PROFIT | $419M |
| R&D Expenses | $120M |
| Selling & Marketing | $317M |
| General & Administrative | $94M |
| SG&A Expenses | $411M |
| Other Expenses | $10M |
| Operating Expenses | $541M |
| Cost & Expenses | $851M |
| OPERATING INCOME | -$122M |
| Interest Income | $21M |
| Interest Expense | $518.0K |
| Other Income/Expenses | $18M |
| INCOME BEFORE TAX | -$104M |
| Income Tax Expense | $4M |
| 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 | $25M |
| EBIT | -$103M |
| EBITDA | -$79M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$107M |
| Depreciation & Amortization | $25M |
| Stock-Based Compensation | $96M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $51M |
| Change in Working Capital | -$67M |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | -$13M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$308M |
| Sales/Maturities of Investments | $296M |
| Other Investing Activities | -$12M |
| NET CASH FROM INVESTING | -$25M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $19M |
| NET CASH FROM FINANCING | $19M |
| FREE CASH FLOW | -$15M |
| Net Change in Cash | -$8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $306M |
| Short-Term Investments | $171M |
| Net Receivables | $93M |
| Inventory | $0 |
| Other Current Assets | $63M |
| TOTAL CURRENT ASSETS | $632M |
| PP&E (Net) | $10M |
| Goodwill | $13M |
| Intangible Assets | $37M |
| Long-Term Investments | $10M |
| Tax Assets | $0 |
| Other Non-Current Assets | $39M |
| TOTAL NON-CURRENT ASSETS | $109M |
| TOTAL ASSETS | $741M |
| Account Payables | $3M |
| Short-Term Debt | $0 |
| Deferred Revenue | $279M |
| Other Current Liabilities | $30M |
| TOTAL CURRENT LIABILITIES | $380M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $3M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $48.0K |
| TOTAL NON-CURRENT LIABILITIES | $4M |
| TOTAL LIABILITIES | $384M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | -$720M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $80.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $357M |
| Minority Interest | $0 |
| TOTAL EQUITY | $357M |
| TOTAL LIABILITIES & EQUITY | $741M |
| Total Debt | $7M |
| Net Debt | -$299M |
