| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $322M | — | $97M | — | 233.2% |
| Op. Income | -$154M | — | -$87M | — | -77.9% |
| Gross Margin | 61.2% | — | 56.4% | — | 4.8pp |
| Net Margin | -53.0% | — | -93.0% | — | 40.0pp |
| EPS (Diluted) | $-1.10 | — | $-0.56 | — | -96.4% |
| Free Cash Flow | -$84M | — | -$61M | — | -38.5% |
| Item | Amount |
|---|---|
| REVENUE | $322M |
| Cost of Revenue | $125M |
| GROSS PROFIT | $197M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $335M |
| Other Expenses | $16M |
| Operating Expenses | $351M |
| Cost & Expenses | $476M |
| OPERATING INCOME | -$154M |
| Interest Income | $0 |
| Interest Expense | $12M |
| Other Income/Expenses | -$16M |
| INCOME BEFORE TAX | -$170M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$170M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$170M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$170M |
| D&A | $0 |
| EBIT | -$154M |
| EBITDA | -$154M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$170M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $33M |
| Change in Working Capital | $54M |
| OPERATING CASH FLOW | -$83M |
| Capital Expenditure | -$509.4K |
| Acquisitions (Net) | -$2M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$37M |
| NET CASH FROM INVESTING | -$58M |
| Net Debt Issuance | $89M |
| Common Stock Repurchased | -$437.8K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$15M |
| NET CASH FROM FINANCING | $178M |
| FREE CASH FLOW | -$84M |
| Net Change in Cash | $44M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $44M |
| Short-Term Investments | $0 |
| Net Receivables | $62M |
| Inventory | $1M |
| Other Current Assets | $27M |
| TOTAL CURRENT ASSETS | $135M |
| PP&E (Net) | $4M |
| Goodwill | $0 |
| Intangible Assets | $50M |
| Long-Term Investments | $53M |
| Tax Assets | $0 |
| Other Non-Current Assets | $89.9K |
| TOTAL NON-CURRENT ASSETS | $107M |
| TOTAL ASSETS | $241M |
| Account Payables | $40M |
| Short-Term Debt | $57M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $122M |
| TOTAL CURRENT LIABILITIES | $219M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $46M |
| TOTAL NON-CURRENT LIABILITIES | $48M |
| TOTAL LIABILITIES | $267M |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$242M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $210M |
| TOTAL STOCKHOLDERS' EQUITY | -$31M |
| Minority Interest | $6M |
| TOTAL EQUITY | -$26M |
| TOTAL LIABILITIES & EQUITY | $241M |
| Total Debt | $59M |
| Net Debt | $15M |
