| Metric | FY 2024 | Prior Q | FY 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $551M | — | $499M | — | 10.4% |
| Op. Income | -$107M | — | -$131M | — | 18.8% |
| Gross Margin | 83.0% | — | 85.6% | — | -2.7pp |
| Net Margin | -17.4% | — | -20.2% | — | 2.8pp |
| EPS (Diluted) | $-0.86 | — | $-0.92 | — | 6.5% |
| Free Cash Flow | $109M | — | $54M | — | 99.8% |
| Item | Amount |
|---|---|
| REVENUE | $551M |
| Cost of Revenue | $94M |
| GROSS PROFIT | $457M |
| R&D Expenses | $197M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $367M |
| Other Expenses | $0 |
| Operating Expenses | $564M |
| Cost & Expenses | $658M |
| OPERATING INCOME | -$107M |
| Interest Income | $43M |
| Interest Expense | $8M |
| Other Income/Expenses | $24M |
| INCOME BEFORE TAX | -$83M |
| Income Tax Expense | $13M |
| Net Income from Continuing Ops | -$96M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$96M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$96M |
| D&A | $11M |
| EBIT | -$75M |
| EBITDA | -$64M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$96M |
| Depreciation & Amortization | $11M |
| Stock-Based Compensation | $127M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $60M |
| Change in Working Capital | $13M |
| OPERATING CASH FLOW | $115M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$974M |
| Sales/Maturities of Investments | $455M |
| Other Investing Activities | -$7M |
| NET CASH FROM INVESTING | -$532M |
| Net Debt Issuance | $394M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$38M |
| NET CASH FROM FINANCING | $372M |
| FREE CASH FLOW | $109M |
| Net Change in Cash | -$45M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $186M |
| Short-Term Investments | $383M |
| Net Receivables | $237M |
| Inventory | $0 |
| Other Current Assets | $10M |
| TOTAL CURRENT ASSETS | $844M |
| PP&E (Net) | $76M |
| Goodwill | $23M |
| Intangible Assets | $0 |
| Long-Term Investments | $662M |
| Tax Assets | $0 |
| Other Non-Current Assets | $59M |
| TOTAL NON-CURRENT ASSETS | $820M |
| TOTAL ASSETS | $1.7B |
| Account Payables | $4M |
| Short-Term Debt | $251M |
| Deferred Revenue | $290M |
| Other Current Liabilities | $63M |
| TOTAL CURRENT LIABILITIES | $710M |
| Long-Term Debt | $450M |
| Deferred Revenue NC | $2M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $499M |
| TOTAL LIABILITIES | $1.2B |
| Common Stock | $113.0K |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | -$740M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $456M |
| Minority Interest | $0 |
| TOTAL EQUITY | $456M |
| TOTAL LIABILITIES & EQUITY | $1.7B |
| Total Debt | $754M |
| Net Debt | $569M |
