| Metric | FY 2023 | Prior Q | FY 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $59M | — | $77M | — | -23.8% |
| Op. Income | -$229M | — | -$114M | — | -101.0% |
| Gross Margin | 45.7% | — | 44.1% | — | 1.6pp |
| Net Margin | -485.0% | — | -246.1% | — | -238.9pp |
| EPS (Diluted) | $-1.08 | — | $-0.71 | — | -52.8% |
| Free Cash Flow | -$75M | — | -$110M | — | 32.0% |
| Item | Amount |
|---|---|
| REVENUE | $59M |
| Cost of Revenue | $32M |
| GROSS PROFIT | $27M |
| R&D Expenses | $155M |
| Selling & Marketing | $6M |
| General & Administrative | $91M |
| SG&A Expenses | $97M |
| Other Expenses | $4M |
| Operating Expenses | $256M |
| Cost & Expenses | $288M |
| OPERATING INCOME | -$229M |
| Interest Income | $19M |
| Interest Expense | $416.9K |
| Other Income/Expenses | -$56M |
| INCOME BEFORE TAX | -$284M |
| Income Tax Expense | $418.8K |
| Net Income from Continuing Ops | -$285M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$285M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$290M |
| D&A | $13M |
| EBIT | -$284M |
| EBITDA | -$271M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$285M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $136M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $82M |
| Change in Working Capital | -$16M |
| OPERATING CASH FLOW | -$69M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$713M |
| Sales/Maturities of Investments | $640M |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$80M |
| Net Debt Issuance | -$6M |
| Common Stock Repurchased | -$6M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$522.1K |
| NET CASH FROM FINANCING | $65M |
| FREE CASH FLOW | -$75M |
| Net Change in Cash | -$84M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $243M |
| Short-Term Investments | $419M |
| Net Receivables | $82M |
| Inventory | $32M |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $785M |
| PP&E (Net) | $25M |
| Goodwill | $7M |
| Intangible Assets | $4M |
| Long-Term Investments | $0 |
| Tax Assets | $291.4K |
| Other Non-Current Assets | $266.7K |
| TOTAL NON-CURRENT ASSETS | $36M |
| TOTAL ASSETS | $820M |
| Account Payables | $2M |
| Short-Term Debt | $0 |
| Deferred Revenue | $28M |
| Other Current Liabilities | $1.2B |
| TOTAL CURRENT LIABILITIES | $1.3B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $953.0K |
| Deferred Tax Liabilities | $801.2K |
| Other Non-Current Liabilities | $1.2B |
| TOTAL NON-CURRENT LIABILITIES | $1.2B |
| TOTAL LIABILITIES | $1.3B |
| Common Stock | $1.2K |
| Additional Paid-In Capital | $161M |
| Retained Earnings | -$893M |
| Treasury Stock | -$22M |
| Accum. Other Comp. Income | $114M |
| Other Equity | $194M |
| TOTAL STOCKHOLDERS' EQUITY | -$446M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$446M |
| TOTAL LIABILITIES & EQUITY | $820M |
| Total Debt | $8M |
| Net Debt | -$235M |
