| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $152M | — | $190M | — | -19.7% |
| Op. Income | -$75M | — | -$98M | — | 22.9% |
| Gross Margin | 35.8% | — | 42.7% | — | -6.9pp |
| Net Margin | -50.7% | — | -49.2% | — | -1.5pp |
| EPS (Diluted) | $-9.47 | — | $-11.87 | — | 20.2% |
| Free Cash Flow | -$58M | — | -$68M | — | 14.3% |
| Item | Amount |
|---|---|
| REVENUE | $152M |
| Cost of Revenue | $98M |
| GROSS PROFIT | $55M |
| R&D Expenses | $0 |
| Selling & Marketing | $45M |
| General & Administrative | $92M |
| SG&A Expenses | $138M |
| Other Expenses | -$8M |
| Operating Expenses | $130M |
| Cost & Expenses | $228M |
| OPERATING INCOME | -$75M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$77M |
| Income Tax Expense | $393.0K |
| Net Income from Continuing Ops | -$77M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$77M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$77M |
| D&A | $8M |
| EBIT | -$76M |
| EBITDA | -$68M |
| EPS | -$9 |
| EPS Diluted | -$9 |
| Item | Amount |
|---|---|
| Net Income | -$77M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $65.0K |
| Other Non-Cash Items | $6M |
| Change in Working Capital | $500.0K |
| OPERATING CASH FLOW | -$55M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | $17M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | $16M |
| FREE CASH FLOW | -$58M |
| Net Change in Cash | -$40M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $27M |
| Short-Term Investments | $0 |
| Net Receivables | $7M |
| Inventory | $39M |
| Other Current Assets | $10M |
| TOTAL CURRENT ASSETS | $82M |
| PP&E (Net) | $24M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $27M |
| TOTAL ASSETS | $109M |
| Account Payables | $18M |
| Short-Term Debt | $7M |
| Deferred Revenue | $2M |
| Other Current Liabilities | $13M |
| TOTAL CURRENT LIABILITIES | $41M |
| Long-Term Debt | $33M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $33M |
| TOTAL LIABILITIES | $74M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $602M |
| Retained Earnings | -$562M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $36M |
| Minority Interest | $0 |
| TOTAL EQUITY | $36M |
| TOTAL LIABILITIES & EQUITY | $109M |
| Total Debt | $40M |
| Net Debt | $13M |
