| Metric | FY 2023 | Prior Q | FY 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $218M | — | $166M | — | 31.3% |
| Op. Income | -$82M | — | -$74M | — | -10.3% |
| Gross Margin | 64.9% | — | 23.7% | — | 41.2pp |
| Net Margin | -41.2% | — | -70.2% | — | 28.9pp |
| EPS (Diluted) | $-0.89 | — | $-1.08 | — | 17.6% |
| Free Cash Flow | -$32M | — | -$88M | — | 63.6% |
| Item | Amount |
|---|---|
| REVENUE | $218M |
| Cost of Revenue | $77M |
| GROSS PROFIT | $142M |
| R&D Expenses | $3M |
| Selling & Marketing | $16M |
| General & Administrative | $207M |
| SG&A Expenses | $220M |
| Other Expenses | $0 |
| Operating Expenses | $224M |
| Cost & Expenses | $300M |
| OPERATING INCOME | -$82M |
| Interest Income | $0 |
| Interest Expense | $19M |
| Other Income/Expenses | -$31M |
| INCOME BEFORE TAX | -$113M |
| Income Tax Expense | -$7M |
| Net Income from Continuing Ops | -$106M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$90M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$90M |
| D&A | $60M |
| EBIT | -$94M |
| EBITDA | -$34M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$90M |
| Depreciation & Amortization | $60M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | -$7M |
| Other Non-Cash Items | -$3M |
| Change in Working Capital | $95.0K |
| OPERATING CASH FLOW | -$30M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $52.0K |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | -$22M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | $44M |
| FREE CASH FLOW | -$32M |
| Net Change in Cash | $12M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $23M |
| Short-Term Investments | $0 |
| Net Receivables | $22M |
| Inventory | $56M |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $107M |
| PP&E (Net) | $18M |
| Goodwill | $335M |
| Intangible Assets | $583M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $380.0K |
| TOTAL NON-CURRENT ASSETS | $935M |
| TOTAL ASSETS | $1.0B |
| Account Payables | $28M |
| Short-Term Debt | $9M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $24M |
| TOTAL CURRENT LIABILITIES | $63M |
| Long-Term Debt | $151M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $15M |
| Other Non-Current Liabilities | $29M |
| TOTAL NON-CURRENT LIABILITIES | $211M |
| TOTAL LIABILITIES | $273M |
| Common Stock | $11.0K |
| Additional Paid-In Capital | $872M |
| Retained Earnings | -$247M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$151.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $625M |
| Minority Interest | $145M |
| TOTAL EQUITY | $769M |
| TOTAL LIABILITIES & EQUITY | $1.0B |
| Total Debt | $178M |
| Net Debt | $155M |
