| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5M | — | $35M | — | -86.9% |
| Op. Income | -$88M | — | -$67M | — | -31.5% |
| Gross Margin | 100.0% | — | -129.1% | — | 229.1pp |
| Net Margin | -1883.0% | — | -186.4% | — | -1696.6pp |
| EPS (Diluted) | $-0.85 | — | $-0.65 | — | -31.4% |
| Free Cash Flow | -$85M | — | $83M | — | -202.7% |
| Item | Amount |
|---|---|
| REVENUE | $5M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $5M |
| R&D Expenses | $69M |
| Selling & Marketing | $0 |
| General & Administrative | $15M |
| SG&A Expenses | $15M |
| Other Expenses | $9M |
| Operating Expenses | $92M |
| Cost & Expenses | $92M |
| OPERATING INCOME | -$88M |
| Interest Income | $2M |
| Interest Expense | $232.2K |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$90M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$86M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$86M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$86M |
| D&A | $3M |
| EBIT | -$84M |
| EBITDA | -$81M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$86M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $7M |
| Change in Working Capital | -$8M |
| OPERATING CASH FLOW | -$84M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $18.2K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $79M |
| Other Investing Activities | -$206.6K |
| NET CASH FROM INVESTING | $77M |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $58.7K |
| NET CASH FROM FINANCING | -$1M |
| FREE CASH FLOW | -$85M |
| Net Change in Cash | -$6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $34M |
| Short-Term Investments | $82M |
| Net Receivables | $867.7K |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $123M |
| PP&E (Net) | $8M |
| Goodwill | $0 |
| Intangible Assets | $64M |
| Long-Term Investments | $744.1K |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $73M |
| TOTAL ASSETS | $197M |
| Account Payables | $3M |
| Short-Term Debt | $1M |
| Deferred Revenue | $107M |
| Other Current Liabilities | $5M |
| TOTAL CURRENT LIABILITIES | $121M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $3M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $11M |
| TOTAL NON-CURRENT LIABILITIES | $19M |
| TOTAL LIABILITIES | $139M |
| Common Stock | $3M |
| Additional Paid-In Capital | $614M |
| Retained Earnings | -$559M |
| Treasury Stock | -$277.8K |
| Accum. Other Comp. Income | $8.9K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $57M |
| Minority Interest | $0 |
| TOTAL EQUITY | $57M |
| TOTAL LIABILITIES & EQUITY | $197M |
| Total Debt | $6M |
| Net Debt | -$28M |
