| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $530M | — | $269M | — | 96.7% |
| Op. Income | -$112M | — | -$227M | — | 50.6% |
| Gross Margin | 7.8% | — | -31.3% | — | 39.1pp |
| Net Margin | -39.7% | — | -92.7% | — | 53.0pp |
| EPS (Diluted) | $-0.45 | — | $-0.92 | — | 51.1% |
| Free Cash Flow | $0 | — | -$219M | — | 100.0% |
| Item | Amount |
|---|---|
| REVENUE | $530M |
| Cost of Revenue | $489M |
| GROSS PROFIT | $41M |
| R&D Expenses | $63M |
| Selling & Marketing | $14M |
| General & Administrative | $68M |
| SG&A Expenses | $82M |
| Other Expenses | $9M |
| Operating Expenses | $153M |
| Cost & Expenses | $642M |
| OPERATING INCOME | -$112M |
| Interest Income | $266.7K |
| Interest Expense | $2M |
| Other Income/Expenses | -$95M |
| INCOME BEFORE TAX | -$207M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | -$210M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$210M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$210M |
| D&A | $28M |
| EBIT | -$104M |
| EBITDA | -$75M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$210M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $210M |
| 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 | -$96M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $81M |
| Short-Term Investments | $0 |
| Net Receivables | $19M |
| Inventory | $181M |
| Other Current Assets | $53M |
| TOTAL CURRENT ASSETS | $433M |
| PP&E (Net) | $47M |
| Goodwill | $0 |
| Intangible Assets | $689.0K |
| Long-Term Investments | $121M |
| Tax Assets | $0 |
| Other Non-Current Assets | $679.5K |
| TOTAL NON-CURRENT ASSETS | $170M |
| TOTAL ASSETS | $603M |
| Account Payables | $26M |
| Short-Term Debt | $29M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $9M |
| TOTAL CURRENT LIABILITIES | $131M |
| Long-Term Debt | $24M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $10M |
| TOTAL NON-CURRENT LIABILITIES | $34M |
| TOTAL LIABILITIES | $166M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | -$646M |
| Treasury Stock | -$37M |
| Accum. Other Comp. Income | -$57M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $437M |
| Minority Interest | $0 |
| TOTAL EQUITY | $437M |
| TOTAL LIABILITIES & EQUITY | $603M |
| Total Debt | $55M |
| Net Debt | -$26M |
