| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $72M | — | $29M | — | 153.5% |
| Op. Income | -$12M | — | -$45M | — | 73.3% |
| Gross Margin | 99.8% | — | 100.0% | — | -0.2pp |
| Net Margin | -8.5% | — | -140.9% | — | 132.4pp |
| EPS (Diluted) | $-0.55 | — | $-6.69 | — | 91.8% |
| Free Cash Flow | -$41M | — | -$51M | — | 19.5% |
| Item | Amount |
|---|---|
| REVENUE | $72M |
| Cost of Revenue | $129.0K |
| GROSS PROFIT | $72M |
| R&D Expenses | $65M |
| Selling & Marketing | $0 |
| General & Administrative | $20M |
| SG&A Expenses | $20M |
| Other Expenses | $0 |
| Operating Expenses | $84M |
| Cost & Expenses | $84M |
| OPERATING INCOME | -$12M |
| Interest Income | $6M |
| Interest Expense | $0 |
| Other Income/Expenses | $6M |
| INCOME BEFORE TAX | -$6M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$6M |
| D&A | $129.0K |
| EBIT | -$12M |
| EBITDA | -$12M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$6M |
| Depreciation & Amortization | $129.0K |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | -$38M |
| OPERATING CASH FLOW | -$41M |
| Capital Expenditure | -$66.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$232M |
| Sales/Maturities of Investments | $116M |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | -$113M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $175M |
| FREE CASH FLOW | -$41M |
| Net Change in Cash | $20M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $58M |
| Short-Term Investments | $190M |
| Net Receivables | $974.0K |
| Inventory | $0 |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $255M |
| PP&E (Net) | $3M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $312.0K |
| TOTAL NON-CURRENT ASSETS | $3M |
| TOTAL ASSETS | $258M |
| Account Payables | $1M |
| Short-Term Debt | $569.0K |
| Deferred Revenue | $37M |
| Other Current Liabilities | $10M |
| TOTAL CURRENT LIABILITIES | $49M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $2M |
| TOTAL LIABILITIES | $51M |
| Common Stock | $16.0K |
| Additional Paid-In Capital | $1.0B |
| Retained Earnings | -$832M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$41.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $207M |
| Minority Interest | $0 |
| TOTAL EQUITY | $207M |
| TOTAL LIABILITIES & EQUITY | $258M |
| Total Debt | $3M |
| Net Debt | -$56M |
