| Metric | FY 2023 | Prior Q | FY 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $729M | — | $591M | — | 23.3% |
| Op. Income | -$165M | — | -$259M | — | 36.4% |
| Gross Margin | 55.3% | — | 54.8% | — | 0.6pp |
| Net Margin | -25.7% | — | -47.3% | — | 21.5pp |
| EPS (Diluted) | $-1.20 | — | $-2.01 | — | 40.3% |
| Free Cash Flow | $55M | — | $39M | — | 39.0% |
| Item | Amount |
|---|---|
| REVENUE | $729M |
| Cost of Revenue | $326M |
| GROSS PROFIT | $403M |
| R&D Expenses | $74M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $494M |
| Other Expenses | $0 |
| Operating Expenses | $568M |
| Cost & Expenses | $893M |
| OPERATING INCOME | -$165M |
| Interest Income | $0 |
| Interest Expense | $11M |
| Other Income/Expenses | -$22M |
| INCOME BEFORE TAX | -$186M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$187M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$187M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$187M |
| D&A | $51M |
| EBIT | -$176M |
| EBITDA | -$124M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$187M |
| Depreciation & Amortization | $51M |
| Stock-Based Compensation | $243M |
| Deferred Income Tax | $11.0K |
| Other Non-Cash Items | $9M |
| Change in Working Capital | -$25M |
| OPERATING CASH FLOW | $91M |
| Capital Expenditure | -$36M |
| Acquisitions (Net) | -$18M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$15M |
| NET CASH FROM INVESTING | -$54M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$13M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$12M |
| NET CASH FROM FINANCING | -$26M |
| FREE CASH FLOW | $55M |
| Net Change in Cash | $11M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $132M |
| Short-Term Investments | $0 |
| Net Receivables | $170M |
| Inventory | $0 |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $310M |
| PP&E (Net) | $14M |
| Goodwill | $141M |
| Intangible Assets | $81M |
| Long-Term Investments | $0 |
| Tax Assets | $15M |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $255M |
| TOTAL ASSETS | $565M |
| Account Payables | $64M |
| Short-Term Debt | $0 |
| Deferred Revenue | $3M |
| Other Current Liabilities | $110M |
| TOTAL CURRENT LIABILITIES | $176M |
| Long-Term Debt | $184M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $14M |
| Other Non-Current Liabilities | $10M |
| TOTAL NON-CURRENT LIABILITIES | $208M |
| TOTAL LIABILITIES | $384M |
| Common Stock | $218.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | -$959M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $181M |
| Minority Interest | $0 |
| TOTAL EQUITY | $181M |
| TOTAL LIABILITIES & EQUITY | $565M |
| Total Debt | $184M |
| Net Debt | $52M |
