| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $436M | — | $443M | — | -1.5% |
| Op. Income | -$50M | — | -$22M | — | -130.1% |
| Gross Margin | 10.6% | — | 10.7% | — | -0.1pp |
| Net Margin | -13.6% | — | -30.6% | — | 17.0pp |
| EPS (Diluted) | $-1.08 | — | $-3.68 | — | 70.7% |
| Free Cash Flow | -$4M | — | -$6M | — | 26.3% |
| Item | Amount |
|---|---|
| REVENUE | $436M |
| Cost of Revenue | $390M |
| GROSS PROFIT | $46M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $91M |
| Other Expenses | $0 |
| Operating Expenses | $91M |
| Cost & Expenses | $481M |
| OPERATING INCOME | -$50M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | -$59M |
| Income Tax Expense | -$34.0K |
| Net Income from Continuing Ops | -$59M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$59M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$59M |
| D&A | $5M |
| EBIT | $0 |
| EBITDA | -$45M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$59M |
| Depreciation & Amortization | $210.5K |
| Stock-Based Compensation | $36M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $19M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | -$4M |
| Capital Expenditure | -$66.8K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$66.8K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $4M |
| NET CASH FROM FINANCING | $4M |
| FREE CASH FLOW | -$4M |
| Net Change in Cash | -$597.5K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $81.1K |
| Short-Term Investments | $0 |
| Net Receivables | $70M |
| Inventory | $0 |
| Other Current Assets | $11M |
| TOTAL CURRENT ASSETS | $81M |
| PP&E (Net) | $3M |
| Goodwill | $0 |
| Intangible Assets | $27M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $32M |
| TOTAL ASSETS | $113M |
| Account Payables | $5M |
| Short-Term Debt | $8M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $107M |
| TOTAL CURRENT LIABILITIES | $115M |
| Long-Term Debt | $30M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $30M |
| TOTAL LIABILITIES | $145M |
| Common Stock | $557 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$195M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $163M |
| TOTAL STOCKHOLDERS' EQUITY | -$32M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$32M |
| TOTAL LIABILITIES & EQUITY | $113M |
| Total Debt | $38M |
| Net Debt | $38M |
