| Metric | FY 2023 | Prior Q | FY 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $180M | — | $422M | — | -57.5% |
| Op. Income | -$96M | — | -$133M | — | 27.6% |
| Gross Margin | 34.4% | — | 10.2% | — | 24.2pp |
| Net Margin | -66.0% | — | -39.7% | — | -26.3pp |
| EPS (Diluted) | $-1.71 | — | $-2.90 | — | 41.1% |
| Free Cash Flow | -$254M | — | -$321M | — | 21.0% |
| Item | Amount |
|---|---|
| REVENUE | $180M |
| Cost of Revenue | $118M |
| GROSS PROFIT | $62M |
| R&D Expenses | $70M |
| Selling & Marketing | $57M |
| General & Administrative | $56M |
| SG&A Expenses | $113M |
| Other Expenses | -$25M |
| Operating Expenses | $158M |
| Cost & Expenses | $276M |
| OPERATING INCOME | -$96M |
| Interest Income | $1M |
| Interest Expense | $27M |
| Other Income/Expenses | -$19M |
| INCOME BEFORE TAX | -$115M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | -$119M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$119M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$119M |
| D&A | $21M |
| EBIT | -$88M |
| EBITDA | -$67M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$119M |
| Depreciation & Amortization | $21M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $3M |
| Other Non-Cash Items | $21M |
| Change in Working Capital | -$170M |
| OPERATING CASH FLOW | -$237M |
| Capital Expenditure | -$17M |
| Acquisitions (Net) | -$13M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $5M |
| NET CASH FROM INVESTING | -$24M |
| Net Debt Issuance | $89M |
| Common Stock Repurchased | -$280.6K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$15M |
| NET CASH FROM FINANCING | $74M |
| FREE CASH FLOW | -$254M |
| Net Change in Cash | -$188M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $147M |
| Short-Term Investments | $0 |
| Net Receivables | $49M |
| Inventory | $52M |
| Other Current Assets | $59M |
| TOTAL CURRENT ASSETS | $307M |
| PP&E (Net) | $183M |
| Goodwill | $0 |
| Intangible Assets | $30M |
| Long-Term Investments | $0 |
| Tax Assets | $8M |
| Other Non-Current Assets | $10M |
| TOTAL NON-CURRENT ASSETS | $231M |
| TOTAL ASSETS | $538M |
| Account Payables | $21M |
| Short-Term Debt | $52M |
| Deferred Revenue | $7M |
| Other Current Liabilities | $65M |
| TOTAL CURRENT LIABILITIES | $186M |
| Long-Term Debt | $155M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $4M |
| Other Non-Current Liabilities | $9M |
| TOTAL NON-CURRENT LIABILITIES | $202M |
| TOTAL LIABILITIES | $388M |
| Common Stock | $24M |
| Additional Paid-In Capital | $694M |
| Retained Earnings | -$645M |
| Treasury Stock | -$754.1K |
| Accum. Other Comp. Income | $77M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $150M |
| Minority Interest | $0 |
| TOTAL EQUITY | $150M |
| TOTAL LIABILITIES & EQUITY | $538M |
| Total Debt | $244M |
| Net Debt | $97M |
