| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $456M | — | $249M | — | 82.8% |
| Op. Income | -$55M | — | -$71M | — | 23.0% |
| Gross Margin | 30.0% | — | 24.8% | — | 5.3pp |
| Net Margin | -8.4% | — | -74.9% | — | 66.5pp |
| EPS (Diluted) | $-0.64 | — | $-4.50 | — | 85.8% |
| Free Cash Flow | -$354M | — | -$113M | — | -213.1% |
| Item | Amount |
|---|---|
| REVENUE | $456M |
| Cost of Revenue | $319M |
| GROSS PROFIT | $137M |
| R&D Expenses | $86M |
| Selling & Marketing | $30M |
| General & Administrative | $76M |
| SG&A Expenses | $106M |
| Other Expenses | $0 |
| Operating Expenses | $192M |
| Cost & Expenses | $510M |
| OPERATING INCOME | -$55M |
| Interest Income | $2M |
| Interest Expense | $3M |
| Other Income/Expenses | $8M |
| INCOME BEFORE TAX | -$47M |
| Income Tax Expense | -$8M |
| Net Income from Continuing Ops | -$38M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$38M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$38M |
| D&A | $28M |
| EBIT | -$43M |
| EBITDA | -$16M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$38M |
| Depreciation & Amortization | $28M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$8M |
| Other Non-Cash Items | $20M |
| Change in Working Capital | -$176M |
| OPERATING CASH FLOW | -$174M |
| Capital Expenditure | -$179M |
| Acquisitions (Net) | $5.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$31M |
| NET CASH FROM INVESTING | -$211M |
| Net Debt Issuance | $19M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$10M |
| NET CASH FROM FINANCING | $528M |
| FREE CASH FLOW | -$354M |
| Net Change in Cash | $137M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $216M |
| Short-Term Investments | $0 |
| Net Receivables | $244M |
| Inventory | $183M |
| Other Current Assets | $32M |
| TOTAL CURRENT ASSETS | $676M |
| PP&E (Net) | $426M |
| Goodwill | $0 |
| Intangible Assets | $4M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $63M |
| TOTAL NON-CURRENT ASSETS | $493M |
| TOTAL ASSETS | $1.2B |
| Account Payables | $144M |
| Short-Term Debt | $37M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $76M |
| TOTAL CURRENT LIABILITIES | $257M |
| Long-Term Debt | $130M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $47M |
| TOTAL NON-CURRENT LIABILITIES | $177M |
| TOTAL LIABILITIES | $435M |
| Common Stock | $75.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$490M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$617.0K |
| Other Equity | $1.2B |
| TOTAL STOCKHOLDERS' EQUITY | $734M |
| Minority Interest | $0 |
| TOTAL EQUITY | $734M |
| TOTAL LIABILITIES & EQUITY | $1.2B |
| Total Debt | $167M |
| Net Debt | -$49M |
