| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2M | — | $3M | — | -29.2% |
| Op. Income | $467.0K | — | -$78M | — | 100.6% |
| Gross Margin | 70.3% | — | 46.8% | — | 23.4pp |
| Net Margin | -4925.5% | — | -2822.5% | — | -2103.1pp |
| EPS (Diluted) | $-4.00 | — | $-3.77 | — | -6.1% |
| Free Cash Flow | -$80M | — | -$64M | — | -25.6% |
| Item | Amount |
|---|---|
| REVENUE | $2M |
| Cost of Revenue | $569.0K |
| GROSS PROFIT | $1M |
| R&D Expenses | $69M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $26M |
| Other Expenses | -$94M |
| Operating Expenses | $877.0K |
| Cost & Expenses | $1M |
| OPERATING INCOME | $467.0K |
| Interest Income | $0 |
| Interest Expense | $73.0K |
| Other Income/Expenses | -$95M |
| INCOME BEFORE TAX | -$94M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$94M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$94M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$94M |
| D&A | $2M |
| EBIT | -$94M |
| EBITDA | -$92M |
| EPS | -$4 |
| EPS Diluted | -$4 |
| Item | Amount |
|---|---|
| Net Income | -$94M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $715.0K |
| Change in Working Capital | $6M |
| OPERATING CASH FLOW | -$78M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$596.0K |
| NET CASH FROM INVESTING | -$596.0K |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | $21M |
| FREE CASH FLOW | -$80M |
| Net Change in Cash | -$58M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $13M |
| Short-Term Investments | $0 |
| Net Receivables | $32.0K |
| Inventory | $152.0K |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $16M |
| PP&E (Net) | $7M |
| Goodwill | $0 |
| Intangible Assets | $65.0K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $7M |
| TOTAL ASSETS | $23M |
| Account Payables | $11M |
| Short-Term Debt | $582.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $10M |
| TOTAL CURRENT LIABILITIES | $21M |
| Long-Term Debt | $2M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $177.0K |
| TOTAL NON-CURRENT LIABILITIES | $2M |
| TOTAL LIABILITIES | $23M |
| Common Stock | $4.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$371M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$10M |
| Other Equity | $381M |
| TOTAL STOCKHOLDERS' EQUITY | -$93.0K |
| Minority Interest | -$160.0K |
| TOTAL EQUITY | -$253.0K |
| TOTAL LIABILITIES & EQUITY | $23M |
| Total Debt | $2M |
| Net Debt | -$10M |
