| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $208M | — | $268M | — | -22.3% |
| Op. Income | -$37M | — | -$40M | — | 7.9% |
| Gross Margin | -0.4% | — | -0.2% | — | -0.2pp |
| Net Margin | -37.0% | — | -32.7% | — | -4.3pp |
| EPS (Diluted) | $-1.28 | — | $-1.91 | — | 33.0% |
| Free Cash Flow | -$23M | — | -$53M | — | 57.2% |
| Item | Amount |
|---|---|
| REVENUE | $208M |
| Cost of Revenue | $209M |
| GROSS PROFIT | -$768.0K |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $36M |
| Other Expenses | $0 |
| Operating Expenses | $36M |
| Cost & Expenses | $245M |
| OPERATING INCOME | -$37M |
| Interest Income | $0 |
| Interest Expense | $61M |
| Other Income/Expenses | -$59M |
| INCOME BEFORE TAX | -$96M |
| Income Tax Expense | -$19M |
| Net Income from Continuing Ops | -$77M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$77M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$77M |
| D&A | $10M |
| EBIT | -$37M |
| EBITDA | -$28M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$77M |
| Depreciation & Amortization | $10M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $15M |
| Change in Working Capital | $50M |
| OPERATING CASH FLOW | $3M |
| Capital Expenditure | -$26M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $411.0K |
| NET CASH FROM INVESTING | -$26M |
| Net Debt Issuance | $8M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$10M |
| NET CASH FROM FINANCING | $26M |
| FREE CASH FLOW | -$23M |
| Net Change in Cash | $4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5M |
| Short-Term Investments | $0 |
| Net Receivables | $484.0K |
| Inventory | $12M |
| Other Current Assets | $10M |
| TOTAL CURRENT ASSETS | $27M |
| PP&E (Net) | $220M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $13M |
| TOTAL NON-CURRENT ASSETS | $233M |
| TOTAL ASSETS | $260M |
| Account Payables | $23M |
| Short-Term Debt | $318M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $30M |
| TOTAL CURRENT LIABILITIES | $371M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $195M |
| TOTAL NON-CURRENT LIABILITIES | $195M |
| TOTAL LIABILITIES | $567M |
| Common Stock | $66.0K |
| Additional Paid-In Capital | $340M |
| Retained Earnings | -$640M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$7M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$307M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$307M |
| TOTAL LIABILITIES & EQUITY | $260M |
| Total Debt | $318M |
| Net Debt | $313M |
