| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $100M | — | $65M | — | 53.9% |
| Op. Income | -$72M | — | -$45M | — | -58.4% |
| Gross Margin | 55.4% | — | 55.1% | — | 0.3pp |
| Net Margin | -73.0% | — | -84.1% | — | 11.1pp |
| EPS (Diluted) | $-1.81 | — | $-8.60 | — | 79.0% |
| Free Cash Flow | $0 | — | -$52M | — | 100.0% |
| Item | Amount |
|---|---|
| REVENUE | $100M |
| Cost of Revenue | $45M |
| GROSS PROFIT | $56M |
| R&D Expenses | $35M |
| Selling & Marketing | $61M |
| General & Administrative | $31M |
| SG&A Expenses | $92M |
| Other Expenses | $0 |
| Operating Expenses | $127M |
| Cost & Expenses | $172M |
| OPERATING INCOME | -$72M |
| Interest Income | $11M |
| Interest Expense | $0 |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$73M |
| Income Tax Expense | $1.0K |
| Net Income from Continuing Ops | -$73M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$73M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$73M |
| D&A | $0 |
| EBIT | -$73M |
| EBITDA | -$73M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$73M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $16M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $57M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $0 |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | $0 |
| Net Change in Cash | -$31M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $32M |
| Short-Term Investments | $188M |
| Net Receivables | $17M |
| Inventory | $22M |
| Other Current Assets | $10M |
| TOTAL CURRENT ASSETS | $268M |
| PP&E (Net) | $15M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $45M |
| Tax Assets | $0 |
| Other Non-Current Assets | $180.0K |
| TOTAL NON-CURRENT ASSETS | $61M |
| TOTAL ASSETS | $329M |
| Account Payables | $5M |
| Short-Term Debt | $0 |
| Deferred Revenue | $2M |
| Other Current Liabilities | $22M |
| TOTAL CURRENT LIABILITIES | $31M |
| Long-Term Debt | $5M |
| Deferred Revenue NC | $3M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $10M |
| TOTAL LIABILITIES | $41M |
| Common Stock | $4.0K |
| Additional Paid-In Capital | $657M |
| Retained Earnings | -$370M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $403.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $288M |
| Minority Interest | $0 |
| TOTAL EQUITY | $288M |
| TOTAL LIABILITIES & EQUITY | $329M |
| Total Debt | $13M |
| Net Debt | -$19M |
