| Metric | FY 2024 | Prior Q | FY 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6.0B | — | $4.5B | — | 33.2% |
| Op. Income | -$973M | — | -$1.6B | — | 38.9% |
| Gross Margin | 14.3% | — | 1.5% | — | 12.8pp |
| Net Margin | -14.2% | — | -33.8% | — | 19.7pp |
| EPS (Diluted) | $-0.89 | — | $-1.74 | — | 48.7% |
| Free Cash Flow | -$649M | — | -$198M | — | -227.6% |
| Item | Amount |
|---|---|
| REVENUE | $6.0B |
| Cost of Revenue | $5.1B |
| GROSS PROFIT | $854M |
| R&D Expenses | $943M |
| Selling & Marketing | $808M |
| General & Administrative | $196M |
| SG&A Expenses | $1.0B |
| Other Expenses | -$120M |
| Operating Expenses | $1.8B |
| Cost & Expenses | $6.9B |
| OPERATING INCOME | -$973M |
| Interest Income | $201M |
| Interest Expense | $50M |
| Other Income/Expenses | $117M |
| INCOME BEFORE TAX | -$856M |
| Income Tax Expense | -$10M |
| Net Income from Continuing Ops | -$846M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$846M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$846M |
| D&A | $376M |
| EBIT | -$802M |
| EBITDA | -$426M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$846M |
| Depreciation & Amortization | $376M |
| Stock-Based Compensation | $69M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $172M |
| Change in Working Capital | -$65M |
| OPERATING CASH FLOW | -$294M |
| Capital Expenditure | -$355M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$457M |
| Sales/Maturities of Investments | $766M |
| Other Investing Activities | -$167M |
| NET CASH FROM INVESTING | -$183M |
| Net Debt Issuance | $102M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | $98M |
| FREE CASH FLOW | -$649M |
| Net Change in Cash | -$374M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.7B |
| Short-Term Investments | $2.1B |
| Net Receivables | $1.1B |
| Inventory | $813M |
| Other Current Assets | $531M |
| TOTAL CURRENT ASSETS | $7.3B |
| PP&E (Net) | $1.9B |
| Goodwill | $5M |
| Intangible Assets | $1.1B |
| Long-Term Investments | $943M |
| Tax Assets | $0 |
| Other Non-Current Assets | $927M |
| TOTAL NON-CURRENT ASSETS | $4.8B |
| TOTAL ASSETS | $12.1B |
| Account Payables | $3.4B |
| Short-Term Debt | $945M |
| Deferred Revenue | $241M |
| Other Current Liabilities | $424M |
| TOTAL CURRENT LIABILITIES | $5.8B |
| Long-Term Debt | $1.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $360M |
| TOTAL NON-CURRENT LIABILITIES | $1.7B |
| TOTAL LIABILITIES | $7.5B |
| Common Stock | $18.3K |
| Additional Paid-In Capital | $10.3B |
| Retained Earnings | -$6.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $306M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.6B |
| TOTAL LIABILITIES & EQUITY | $12.1B |
| Total Debt | $2.3B |
| Net Debt | -$387M |
