| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $275M | — | $326M | — | -15.6% |
| Op. Income | -$233M | — | -$156M | — | -49.5% |
| Gross Margin | 2.8% | — | 12.8% | — | -10.0pp |
| Net Margin | 79.8% | — | -49.1% | — | 128.9pp |
| EPS (Diluted) | $-1.83 | — | $-2.43 | — | 24.7% |
| Free Cash Flow | -$173M | — | -$110M | — | -57.4% |
| Item | Amount |
|---|---|
| REVENUE | $275M |
| Cost of Revenue | $268M |
| GROSS PROFIT | $8M |
| R&D Expenses | $23M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $218M |
| Other Expenses | $0 |
| Operating Expenses | $241M |
| Cost & Expenses | $509M |
| OPERATING INCOME | -$233M |
| Interest Income | $4M |
| Interest Expense | $14M |
| Other Income/Expenses | $453M |
| INCOME BEFORE TAX | $220M |
| Income Tax Expense | $78.0K |
| Net Income from Continuing Ops | $220M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $220M |
| Net Income Deductions | $558M |
| BOTTOM LINE NET INCOME | -$338M |
| D&A | $33M |
| EBIT | -$233M |
| EBITDA | -$201M |
| EPS | $1 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | $220M |
| Depreciation & Amortization | $33M |
| Stock-Based Compensation | $31M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$475M |
| Change in Working Capital | $31M |
| OPERATING CASH FLOW | -$161M |
| Capital Expenditure | -$12M |
| Acquisitions (Net) | $2M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $116.0K |
| NET CASH FROM INVESTING | -$10M |
| Net Debt Issuance | $97M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$424.0K |
| NET CASH FROM FINANCING | $239M |
| FREE CASH FLOW | -$173M |
| Net Change in Cash | $75M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $208M |
| Short-Term Investments | $0 |
| Net Receivables | $26M |
| Inventory | $84M |
| Other Current Assets | $24M |
| TOTAL CURRENT ASSETS | $342M |
| PP&E (Net) | $219M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $11M |
| Tax Assets | $0 |
| Other Non-Current Assets | $44M |
| TOTAL NON-CURRENT ASSETS | $273M |
| TOTAL ASSETS | $616M |
| Account Payables | $21M |
| Short-Term Debt | $7M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $48M |
| TOTAL CURRENT LIABILITIES | $75M |
| Long-Term Debt | $421M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $39M |
| TOTAL NON-CURRENT LIABILITIES | $541M |
| TOTAL LIABILITIES | $616M |
| Common Stock | $45.0K |
| Additional Paid-In Capital | $1.0B |
| Retained Earnings | -$1.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$8M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$111.0K |
| Minority Interest | $0 |
| TOTAL EQUITY | -$111.0K |
| TOTAL LIABILITIES & EQUITY | $616M |
| Total Debt | $508M |
| Net Debt | $300M |
