| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $14M | — | $6M | — | 128.2% |
| Op. Income | -$27M | — | -$76M | — | 64.6% |
| Gross Margin | 97.4% | — | 100.0% | — | -2.6pp |
| Net Margin | -237.9% | — | -1133.0% | — | 895.2pp |
| EPS (Diluted) | $-0.17 | — | $-0.38 | — | 55.3% |
| Free Cash Flow | -$40M | — | -$65M | — | 39.1% |
| Item | Amount |
|---|---|
| REVENUE | $14M |
| Cost of Revenue | $363.0K |
| GROSS PROFIT | $14M |
| R&D Expenses | $25M |
| Selling & Marketing | $0 |
| General & Administrative | $16M |
| SG&A Expenses | $16M |
| Other Expenses | -$363.0K |
| Operating Expenses | $41M |
| Cost & Expenses | $41M |
| OPERATING INCOME | -$27M |
| Interest Income | $4M |
| Interest Expense | $97.0K |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | -$34M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$34M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$34M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$34M |
| D&A | $363.0K |
| EBIT | -$27M |
| EBITDA | -$27M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$34M |
| Depreciation & Amortization | $363.0K |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$3M |
| Change in Working Capital | -$10M |
| OPERATING CASH FLOW | -$40M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $13M |
| Sales/Maturities of Investments | $155M |
| Other Investing Activities | -$153M |
| NET CASH FROM INVESTING | $16M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $6M |
| FREE CASH FLOW | -$40M |
| Net Change in Cash | -$18M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $18M |
| Short-Term Investments | $73M |
| Net Receivables | $2M |
| Inventory | $0 |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $94M |
| PP&E (Net) | $32.0K |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $130.0K |
| TOTAL NON-CURRENT ASSETS | $162.0K |
| TOTAL ASSETS | $95M |
| Account Payables | $1M |
| Short-Term Debt | $547.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $4M |
| TOTAL CURRENT LIABILITIES | $6M |
| Long-Term Debt | $3M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $8M |
| TOTAL NON-CURRENT LIABILITIES | $12M |
| TOTAL LIABILITIES | $18M |
| Common Stock | $1.4B |
| Additional Paid-In Capital | $83M |
| Retained Earnings | -$1.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$48M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $77M |
| Minority Interest | $0 |
| TOTAL EQUITY | $77M |
| TOTAL LIABILITIES & EQUITY | $95M |
| Total Debt | $4M |
| Net Debt | -$14M |
