| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $88M | — | $71M | — | 24.1% |
| Op. Income | -$28M | — | -$34M | — | 19.2% |
| Gross Margin | 75.2% | — | 78.2% | — | -2.9pp |
| Net Margin | -39.8% | — | -60.2% | — | 20.3pp |
| EPS (Diluted) | $-4.67 | — | $-6.60 | — | 29.2% |
| Free Cash Flow | -$24M | — | -$52M | — | 54.6% |
| Item | Amount |
|---|---|
| REVENUE | $88M |
| Cost of Revenue | $22M |
| GROSS PROFIT | $67M |
| R&D Expenses | $12M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $88M |
| Other Expenses | -$5M |
| Operating Expenses | $94M |
| Cost & Expenses | $116M |
| OPERATING INCOME | -$28M |
| Interest Income | $0 |
| Interest Expense | $8M |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | -$35M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$35M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$35M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$35M |
| D&A | $6M |
| EBIT | -$28M |
| EBITDA | -$22M |
| EPS | -$5 |
| EPS Diluted | -$5 |
| Item | Amount |
|---|---|
| Net Income | -$35M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| Change in Working Capital | $334.0K |
| OPERATING CASH FLOW | -$23M |
| Capital Expenditure | -$259.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$144.0K |
| NET CASH FROM INVESTING | -$403.0K |
| Net Debt Issuance | $10M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$847.0K |
| NET CASH FROM FINANCING | $16M |
| FREE CASH FLOW | -$24M |
| Net Change in Cash | -$7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $19M |
| Short-Term Investments | $0 |
| Net Receivables | $9M |
| Inventory | $0 |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $33M |
| PP&E (Net) | $28M |
| Goodwill | $15M |
| Intangible Assets | $4M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $8M |
| TOTAL NON-CURRENT ASSETS | $55M |
| TOTAL ASSETS | $87M |
| Account Payables | $3M |
| Short-Term Debt | $1M |
| Deferred Revenue | $961.0K |
| Other Current Liabilities | $12M |
| TOTAL CURRENT LIABILITIES | $17M |
| Long-Term Debt | $71M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $73M |
| TOTAL LIABILITIES | $90M |
| Common Stock | $8.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$498M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $495M |
| TOTAL STOCKHOLDERS' EQUITY | -$2M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$2M |
| TOTAL LIABILITIES & EQUITY | $87M |
| Total Debt | $73M |
| Net Debt | $54M |
