| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $8M | — | $19M | — | -58.2% |
| Op. Income | -$76M | — | -$142M | — | 46.2% |
| Gross Margin | 73.3% | — | 85.1% | — | -11.8pp |
| Net Margin | -829.6% | — | -705.5% | — | -124.1pp |
| EPS (Diluted) | $-0.53 | — | $-1.71 | — | 69.0% |
| Free Cash Flow | -$47M | — | -$20M | — | -133.3% |
| Item | Amount |
|---|---|
| REVENUE | $8M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $6M |
| R&D Expenses | $53M |
| Selling & Marketing | $0 |
| General & Administrative | $22M |
| SG&A Expenses | $22M |
| Other Expenses | $7M |
| Operating Expenses | $82M |
| Cost & Expenses | $84M |
| OPERATING INCOME | -$76M |
| Interest Income | $8M |
| Interest Expense | $0 |
| Other Income/Expenses | $11M |
| INCOME BEFORE TAX | -$65M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$65M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$65M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$65M |
| D&A | $454.0K |
| EBIT | -$65M |
| EBITDA | -$64M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$65M |
| Depreciation & Amortization | $454.0K |
| Stock-Based Compensation | $12M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | -$47M |
| Capital Expenditure | -$111.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$40M |
| Sales/Maturities of Investments | $89M |
| Other Investing Activities | -$833.0K |
| NET CASH FROM INVESTING | $48M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$6M |
| NET CASH FROM FINANCING | -$6M |
| FREE CASH FLOW | -$47M |
| Net Change in Cash | -$5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $20M |
| Short-Term Investments | $71M |
| Net Receivables | $6M |
| Inventory | $0 |
| Other Current Assets | $55M |
| TOTAL CURRENT ASSETS | $151M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $61M |
| Tax Assets | $0 |
| Other Non-Current Assets | -$52M |
| TOTAL NON-CURRENT ASSETS | $9M |
| TOTAL ASSETS | $160M |
| Account Payables | $13M |
| Short-Term Debt | $551.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $15M |
| TOTAL CURRENT LIABILITIES | $29M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $16M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $11M |
| TOTAL NON-CURRENT LIABILITIES | $29M |
| TOTAL LIABILITIES | $57M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | -$968M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $610.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $103M |
| Minority Interest | $0 |
| TOTAL EQUITY | $103M |
| TOTAL LIABILITIES & EQUITY | $160M |
| Total Debt | $2M |
| Net Debt | -$18M |
