Consensus is for FY23 revenue $497.62M. Reaffirms FY23 non-GAAP gross margin view 48%-50%. Ongoing cash burn, which includes cash, cash equivalents, marketable securities, and restricted cash and excludes certain items, is now expected to improve to the range of $220M-$245M in 2023 from the company’s previous guidance range of $250M-$275M. In 2023, cash burn will be higher than ongoing cash burn as a result of the company’s voluntary repayment of its $135M term loan in the Q1.
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