| Metric | FY 2023 | Prior Q | FY 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $45M | — | $36M | — | 22.4% |
| Op. Income | -$65M | — | -$111M | — | 41.7% |
| Gross Margin | -2.9% | — | -82.6% | — | 79.7pp |
| Net Margin | -170.3% | — | -201.6% | — | 31.2pp |
| EPS (Diluted) | $-13.11 | — | $-13.32 | — | 1.6% |
| Free Cash Flow | -$41M | — | -$142M | — | 71.4% |
| Item | Amount |
|---|---|
| REVENUE | $45M |
| Cost of Revenue | $46M |
| GROSS PROFIT | -$1M |
| R&D Expenses | $20M |
| Selling & Marketing | $6M |
| General & Administrative | $38M |
| SG&A Expenses | $44M |
| Other Expenses | $0 |
| Operating Expenses | $64M |
| Cost & Expenses | $109M |
| OPERATING INCOME | -$65M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | -$11M |
| INCOME BEFORE TAX | -$76M |
| Income Tax Expense | $21.0K |
| Net Income from Continuing Ops | -$76M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$76M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$76M |
| D&A | $5M |
| EBIT | -$65M |
| EBITDA | -$60M |
| EPS | -$13 |
| EPS Diluted | -$13 |
| Item | Amount |
|---|---|
| Net Income | -$76M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $9M |
| Change in Working Capital | $14M |
| OPERATING CASH FLOW | -$39M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $51M |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | $51M |
| Net Debt Issuance | -$37M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$38M |
| FREE CASH FLOW | -$41M |
| Net Change in Cash | -$27M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $12M |
| Short-Term Investments | $0 |
| Net Receivables | $16M |
| Inventory | $38M |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $72M |
| PP&E (Net) | $20M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $22M |
| TOTAL ASSETS | $94M |
| Account Payables | $3M |
| Short-Term Debt | $1M |
| Deferred Revenue | $3M |
| Other Current Liabilities | $1M |
| TOTAL CURRENT LIABILITIES | $20M |
| Long-Term Debt | $21M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $29M |
| TOTAL LIABILITIES | $48M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $198M |
| Retained Earnings | -$153M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $45M |
| Minority Interest | $0 |
| TOTAL EQUITY | $45M |
| TOTAL LIABILITIES & EQUITY | $94M |
| Total Debt | $31M |
| Net Debt | $19M |
