| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $407M | — | $334M | — | 22.1% |
| Op. Income | -$41M | — | -$28M | — | -46.6% |
| Gross Margin | 90.3% | — | 84.8% | — | 5.4pp |
| Net Margin | -15.1% | — | -11.7% | — | -3.4pp |
| EPS (Diluted) | $-0.26 | — | $-0.17 | — | -52.9% |
| Free Cash Flow | -$44M | — | -$46M | — | 4.0% |
| Item | Amount |
|---|---|
| REVENUE | $407M |
| Cost of Revenue | $40M |
| GROSS PROFIT | $368M |
| R&D Expenses | $72M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $337M |
| Other Expenses | $0 |
| Operating Expenses | $409M |
| Cost & Expenses | $448M |
| OPERATING INCOME | -$41M |
| Interest Income | $0 |
| Interest Expense | $28M |
| Other Income/Expenses | -$20M |
| INCOME BEFORE TAX | -$61M |
| Income Tax Expense | $969.0K |
| Net Income from Continuing Ops | -$62M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$62M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$62M |
| D&A | $3M |
| EBIT | -$32M |
| EBITDA | -$29M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$62M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $49M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | -$31M |
| OPERATING CASH FLOW | -$42M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$219M |
| Sales/Maturities of Investments | $211M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$9M |
| Net Debt Issuance | $49M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $55M |
| FREE CASH FLOW | -$44M |
| Net Change in Cash | $3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $68M |
| Short-Term Investments | $197M |
| Net Receivables | $72M |
| Inventory | $18M |
| Other Current Assets | $28M |
| TOTAL CURRENT ASSETS | $382M |
| PP&E (Net) | $7M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $112M |
| TOTAL NON-CURRENT ASSETS | $119M |
| TOTAL ASSETS | $502M |
| Account Payables | $19M |
| Short-Term Debt | $1M |
| Deferred Revenue | $1M |
| Other Current Liabilities | $67M |
| TOTAL CURRENT LIABILITIES | $89M |
| Long-Term Debt | $206M |
| Deferred Revenue NC | $40M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$4M |
| TOTAL NON-CURRENT LIABILITIES | $246M |
| TOTAL LIABILITIES | $335M |
| Common Stock | $24.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | -$947M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $198.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $167M |
| Minority Interest | $0 |
| TOTAL EQUITY | $167M |
| TOTAL LIABILITIES & EQUITY | $502M |
| Total Debt | $212M |
| Net Debt | $144M |
