| Metric | FY 2024 | Prior Q | FY 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $305M | — | $203M | — | 50.8% |
| Op. Income | -$23M | — | -$181M | — | 87.1% |
| Gross Margin | 63.6% | — | 44.4% | — | 19.2pp |
| Net Margin | -17.1% | — | -86.8% | — | 69.7pp |
| EPS (Diluted) | $-1.94 | — | $-7.23 | — | 73.2% |
| Free Cash Flow | -$34M | — | -$186M | — | 81.7% |
| Item | Amount |
|---|---|
| REVENUE | $305M |
| Cost of Revenue | $111M |
| GROSS PROFIT | $194M |
| R&D Expenses | $46M |
| Selling & Marketing | $67M |
| General & Administrative | $101M |
| SG&A Expenses | $168M |
| Other Expenses | $3M |
| Operating Expenses | $218M |
| Cost & Expenses | $329M |
| OPERATING INCOME | -$23M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | -$29M |
| INCOME BEFORE TAX | -$53M |
| Income Tax Expense | -$343.0K |
| Net Income from Continuing Ops | -$52M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$52M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$52M |
| D&A | $22M |
| EBIT | -$23M |
| EBITDA | -$1M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$52M |
| Depreciation & Amortization | $22M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | -$343.0K |
| Other Non-Cash Items | $18M |
| Change in Working Capital | -$25M |
| OPERATING CASH FLOW | -$28M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$66M |
| Sales/Maturities of Investments | $42M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$30M |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $891.0K |
| NET CASH FROM FINANCING | $44M |
| FREE CASH FLOW | -$34M |
| Net Change in Cash | -$14M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $85M |
| Short-Term Investments | $56M |
| Net Receivables | $38M |
| Inventory | $11M |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $198M |
| PP&E (Net) | $59M |
| Goodwill | $0 |
| Intangible Assets | $159M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $221M |
| TOTAL ASSETS | $419M |
| Account Payables | $8M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $30M |
| TOTAL CURRENT LIABILITIES | $55M |
| Long-Term Debt | $52M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $965.0K |
| Other Non-Current Liabilities | $6M |
| TOTAL NON-CURRENT LIABILITIES | $119M |
| TOTAL LIABILITIES | $174M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | -$1.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $830.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $245M |
| Minority Interest | $0 |
| TOTAL EQUITY | $245M |
| TOTAL LIABILITIES & EQUITY | $419M |
| Total Debt | $116M |
| Net Debt | $31M |
