| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $73M | — | $35M | — | 105.8% |
| Op. Income | -$247M | — | -$210M | — | -17.7% |
| Gross Margin | 100.0% | — | -390.3% | — | 490.3pp |
| Net Margin | -301.7% | — | -479.2% | — | 177.5pp |
| EPS (Diluted) | $-3.16 | — | $-2.90 | — | -9.0% |
| Free Cash Flow | -$253M | — | -$166M | — | -52.2% |
| Item | Amount |
|---|---|
| REVENUE | $73M |
| Cost of Revenue | $6M |
| GROSS PROFIT | $73M |
| R&D Expenses | $240M |
| Selling & Marketing | $0 |
| General & Administrative | $79M |
| SG&A Expenses | $79M |
| Other Expenses | $30M |
| Operating Expenses | $350M |
| Cost & Expenses | $356M |
| OPERATING INCOME | -$247M |
| Interest Income | $29M |
| Interest Expense | $206.5K |
| Other Income/Expenses | $29M |
| INCOME BEFORE TAX | -$254M |
| Income Tax Expense | $152.0K |
| Net Income from Continuing Ops | -$219M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$219M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$219M |
| D&A | $6M |
| EBIT | -$283M |
| EBITDA | -$277M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$219M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $45M |
| Change in Working Capital | -$76M |
| OPERATING CASH FLOW | -$250M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $5.5K |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$168.1K |
| NET CASH FROM FINANCING | -$131.0K |
| FREE CASH FLOW | -$253M |
| Net Change in Cash | -$251M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $628M |
| Short-Term Investments | $0 |
| Net Receivables | $36M |
| Inventory | $0 |
| Other Current Assets | -$36M |
| TOTAL CURRENT ASSETS | $628M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $58.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $89M |
| TOTAL NON-CURRENT ASSETS | $89M |
| TOTAL ASSETS | $718M |
| Account Payables | $10M |
| Short-Term Debt | $3M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $45M |
| TOTAL CURRENT LIABILITIES | $57M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $36M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $363.0K |
| TOTAL NON-CURRENT LIABILITIES | $51M |
| TOTAL LIABILITIES | $108M |
| Common Stock | $894.0K |
| Additional Paid-In Capital | $1.5B |
| Retained Earnings | -$900M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $610M |
| Minority Interest | $0 |
| TOTAL EQUITY | $610M |
| TOTAL LIABILITIES & EQUITY | $718M |
| Total Debt | $18M |
| Net Debt | -$611M |
