Income Statement | | | | | | | | | | | | |
| | | | | | | | | | | | Original |
USD | Fiscal Year Ending | | Latest |
(in millions) | Jun-15 | Jun-16 | Sep-17 | Mar-18 | Mar-19 | Mar-20 | Mar-21 | Mar-22 | Mar-23 | Mar-24 | | Sep-24 |
| FY - 9 | FY - 8 | FY - 7 | FY - 6 | FY - 5 | FY - 4 | FY - 3 | FY - 2 | FY - 1 | FY | | LTM |
| | | | | | | | | | | | |
Revenue | 406 | 90 | 5 | 70 | 49 | 57 | 43 | 48 | 56 | 68 | | 67 |
% Growth | NA | -77.8% | -94.7% | 1358.3% | -29.9% | 15.9% | -24.8% | 11.2% | 17.9% | 20.7% | | |
| | | | | | | | | | | | |
Cost of Revenue | (308) | (71) | (1) | (46) | (31) | (38) | (27) | (30) | (38) | (44) | | (48) |
Gross Profit | 98 | 19 | 4 | 24 | 18 | 19 | 16 | 18 | 18 | 24 | | 20 |
% Revenue | 24.1% | 21.1% | 83.3% | 34.3% | 36.5% | 33.6% | 36.4% | 37.4% | 32.4% | 35.5% | | 29.4% |
| | | | | | | | | | | | |
Research and Development | 0 | 0 | 0 | 0 | 0 | (4) | 0 | 0 | (3) | (4) | | (4) |
Selling and Marketing | (74) | (9) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | 0 |
General and Admin | (17) | (6) | (6) | (18) | (17) | (17) | (15) | (8) | (9) | (12) | | (13) |
Other Inc / (Exp) | 1 | 1 | 2 | (4) | (5) | (1) | 1 | (13) | (5) | (10) | | (7) |
Total Operating Exp | (90) | (14) | (4) | (22) | (22) | (22) | (14) | (21) | (17) | (26) | | (23) |
| | | | | | | | | | | | |
Operating Income | 8 | 5 | 0 | 2 | (4) | (3) | 1 | (3) | 1 | (2) | | (3) |
% Revenue | 2.0% | 5.6% | 0.0% | 2.9% | -7.5% | -5.4% | 2.8% | -5.7% | 1.8% | -2.4% | | -4.9% |
| | | | | | | | | | | | |
Interest Expense | (5) | (2) | (2) | (2) | (1) | (1) | (0) | (0) | (0) | 0 | | 0 |
Pre-tax Income | 3 | 3 | (2) | 0 | (5) | (4) | 1 | (3) | 1 | (2) | | (3) |
Earnings of Discontinued Ops. | 0 | (27) | (3) | 0 | (0) | 0 | 2 | 0 | 0 | 0 | | 0 |
Provision for Taxes | 0 | 0 | 0 | 4 | 1 | 1 | 1 | 5 | (3) | 1 | | 1 |
Net Income to Company | 3 | (24) | (5) | 4 | (4) | (3) | 3 | 2 | (3) | (0) | | (2) |
% Margin | 0.7% | -26.7% | -100.0% | 5.7% | -8.8% | -4.7% | 7.5% | 3.6% | -4.5% | -0.3% | | -3.3% |
| | | | | | | | | | | | |
Minority Interest in Earnings | (2) | 8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | 0 |
Net Income to Stockholders | 1 | (16) | (5) | 4 | (4) | (3) | 3 | 2 | (3) | (0) | | (2) |
| | | | | | | | | | | | |
Preferred Dividends | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | 0 |
Other Adj. | 0 | 27 | 3 | 0 | 0 | 0 | (2) | 0 | 0 | 0 | | 0 |
| | | | | | | | | | | | |
Net Income to Common | 1 | 11 | (2) | 4 | (4) | (3) | 2 | 2 | (3) | (0) | | (2) |
% Margin | 0.2% | 12.2% | -33.3% | 5.7% | -8.6% | -4.7% | 3.5% | 3.6% | -4.5% | -0.3% | | -3.3% |
| | | | | | | | | | | | |
As Reported | | | | | | | | | | | | |
Basic EPS (Continuing Ops) | 0.00 | 0.03 | (0.00) | 0.01 | (0.01) | (0.01) | 0.00 | 0.00 | (0.00) | (0.00) | | (0.00) |
Diluted EPS (Continuing Ops) | 0.00 | 0.03 | (0.00) | 0.01 | (0.01) | (0.01) | 0.00 | 0.00 | (0.01) | (0.00) | | (0.00) |
| | | | | | | | | | | | |
WA Basic Shares Out. | 409.00 | 409.00 | 425.00 | 488.00 | 496.90 | 497.80 | 499.50 | 500.80 | 502.40 | 505.80 | | 521.70 |
WA Diluted Shares Out. | 409.00 | 409.00 | 425.00 | 488.00 | 496.90 | 497.80 | 502.80 | 503.50 | 506.60 | 509.00 | | 508.90 |
| | | | | | | | | | | | |
EBITDA, EBIT Reconciliation | | | | | | | | | | | | |
EBT, Incl. Unusual Items | 3 | 3 | (2) | 0 | (5) | (4) | 1 | (3) | 1 | (2) | | (3) |
Addback: Net Interest Expense | 5 | 2 | 2 | 2 | 1 | 1 | 0 | 0 | 0 | 0 | | 0 |
Addback: Other Non Operating Expenses, Total | (1) | (1) | (1) | 0 | 1 | 2 | 2 | 1 | 1 | 1 | | 1 |
Addback: Depreciation & Amortization | 3 | 3 | 2 | 8 | 9 | 8 | 9 | 9 | 9 | 9 | | 11 |
Addback: Restructuring Charges | 0 | 0 | 0 | 2 | 4 | 0 | 0 | 0 | 0 | 0 | | 0 |
Addback: Merger / Acquisition Expenses | 0 | 0 | 0 | 2 | 0 | 0 | 0 | 0 | 0 | 0 | | 0 |
Addback: Goodwill Impairment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | 0 |
Addback: Gain (Loss) On Sale Of Invest. | 0 | 0 | (2) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | 0 |
Addback: Gain (Loss) On Sale Of Assets | 0 | 0 | 0 | 0 | (1) | 0 | 0 | 0 | 0 | 0 | | 0 |
Addback: Asset Writedown | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 2 | 0 | 2 | | 0 |
Addback: In Process R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | 0 |
Addback: Insurance Settlements | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | 0 |
Addback: Legal Settlements | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | 0 |
Addback: Other Unusual Items | 0 | 0 | 0 | 0 | 0 | 1 | (3) | (1) | (1) | 2 | | 1 |
Adjusted EBITDA | 10 | 7 | (1) | 14 | 10 | 8 | 10 | 9 | 11 | 13 | | 10 |
% Margin | 2.5% | 7.8% | -16.7% | 20.0% | 20.0% | 13.2% | 23.8% | 17.9% | 19.1% | 18.9% | | 14.9% |
| | | | | | | | | | | | |
Adjusted EBIT | 7 | 4 | (2) | 6 | 1 | (0) | 1 | (1) | 2 | 4 | | (1) |
% Margin | 1.7% | 4.4% | -50.0% | 8.6% | 2.2% | -0.5% | 2.3% | -1.3% | 2.9% | 5.2% | | -1.3% |
| | | | | | | | | | | | |
Adjusted Net Income Reconciliation | | | | | | | | | | | | |
Net Income to Company | 3 | (24) | (5) | 4 | (4) | (3) | 3 | 2 | (3) | (0) | | (2) |
Addback: Unusual Items | 0 | 0 | (2) | 4 | 4 | 1 | (2) | 1 | (1) | 4 | | 1 |
Less: Tax Benefit of Unusual Items (26%) | 0 | 0 | 0 | (1) | (1) | (0) | 0 | (0) | 0 | (1) | | (0) |
Adjusted Net Income | 3 | (24) | (6) | 7 | (2) | (2) | 2 | 2 | (3) | 3 | | (1) |
% Margin | 0.7% | -26.7% | -124.7% | 9.9% | -3.3% | -3.2% | 4.2% | 4.7% | -5.2% | 3.7% | | -2.2% |