| Metric | FY 2023 | Prior Q | FY 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $100M | — | $150M | — | -33.2% |
| Op. Income | -$100M | — | -$38M | — | -162.1% |
| Gross Margin | 72.2% | — | 81.7% | — | -9.4pp |
| Net Margin | -58.6% | — | -17.1% | — | -41.6pp |
| EPS (Diluted) | $-1.59 | — | $-0.71 | — | -123.9% |
| Free Cash Flow | -$82M | — | -$1M | — | -7832.0% |
| Item | Amount |
|---|---|
| REVENUE | $100M |
| Cost of Revenue | $28M |
| GROSS PROFIT | $72M |
| R&D Expenses | $41M |
| Selling & Marketing | $45M |
| General & Administrative | $61M |
| SG&A Expenses | $106M |
| Other Expenses | $25M |
| Operating Expenses | $172M |
| Cost & Expenses | $200M |
| OPERATING INCOME | -$100M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | $31M |
| INCOME BEFORE TAX | -$69M |
| Income Tax Expense | -$3M |
| Net Income from Continuing Ops | -$66M |
| Net Income from Discontinued Ops | $7M |
| Other Adjustments | $0 |
| NET INCOME | -$59M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$59M |
| D&A | $27M |
| EBIT | -$66M |
| EBITDA | -$40M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$59M |
| Depreciation & Amortization | $28M |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | -$5M |
| Other Non-Cash Items | -$29M |
| Change in Working Capital | -$22M |
| OPERATING CASH FLOW | -$76M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | -$50M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$55M |
| Net Debt Issuance | $40M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$15M |
| NET CASH FROM FINANCING | $26M |
| FREE CASH FLOW | -$82M |
| Net Change in Cash | -$105M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $47M |
| Short-Term Investments | $0 |
| Net Receivables | $36M |
| Inventory | $0 |
| Other Current Assets | $98M |
| TOTAL CURRENT ASSETS | $186M |
| PP&E (Net) | $10M |
| Goodwill | $54M |
| Intangible Assets | $83M |
| Long-Term Investments | $5M |
| Tax Assets | $2M |
| Other Non-Current Assets | $40M |
| TOTAL NON-CURRENT ASSETS | $193M |
| TOTAL ASSETS | $379M |
| Account Payables | $30M |
| Short-Term Debt | $6M |
| Deferred Revenue | $13M |
| Other Current Liabilities | $127M |
| TOTAL CURRENT LIABILITIES | $192M |
| Long-Term Debt | $135M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $14M |
| TOTAL NON-CURRENT LIABILITIES | $149M |
| TOTAL LIABILITIES | $341M |
| Common Stock | $38.0K |
| Additional Paid-In Capital | $468M |
| Retained Earnings | -$430M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$10.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $38M |
| Minority Interest | $0 |
| TOTAL EQUITY | $38M |
| TOTAL LIABILITIES & EQUITY | $379M |
| Total Debt | $143M |
| Net Debt | $96M |
