| Metric | FY 2024 | Prior Q | FY 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $65M | — | $45M | — | 44.7% |
| Op. Income | -$40M | — | -$30M | — | -32.2% |
| Gross Margin | 86.7% | — | 84.4% | — | 2.3pp |
| Net Margin | -61.8% | — | -65.1% | — | 3.3pp |
| EPS (Diluted) | $-3.39 | — | $-1.26 | — | -169.0% |
| Free Cash Flow | -$36M | — | -$30M | — | -20.7% |
| Item | Amount |
|---|---|
| REVENUE | $65M |
| Cost of Revenue | $9M |
| GROSS PROFIT | $57M |
| R&D Expenses | $14M |
| Selling & Marketing | $49M |
| General & Administrative | $34M |
| SG&A Expenses | $83M |
| Other Expenses | $0 |
| Operating Expenses | $96M |
| Cost & Expenses | $105M |
| OPERATING INCOME | -$40M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$746.0K |
| INCOME BEFORE TAX | -$40M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$40M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$40M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$40M |
| D&A | $1M |
| EBIT | -$38M |
| EBITDA | -$37M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$40M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | -$35M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$258.0K |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | $8M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$304.0K |
| NET CASH FROM FINANCING | $197M |
| FREE CASH FLOW | -$36M |
| Net Change in Cash | $160M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $194M |
| Short-Term Investments | $0 |
| Net Receivables | $11M |
| Inventory | $7M |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $217M |
| PP&E (Net) | $4M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $8M |
| TOTAL ASSETS | $225M |
| Account Payables | $1M |
| Short-Term Debt | $0 |
| Deferred Revenue | $97.0K |
| Other Current Liabilities | $5M |
| TOTAL CURRENT LIABILITIES | $13M |
| Long-Term Debt | $20M |
| Deferred Revenue NC | $30.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $356.0K |
| TOTAL NON-CURRENT LIABILITIES | $21M |
| TOTAL LIABILITIES | $34M |
| Common Stock | $36.0K |
| Additional Paid-In Capital | $358M |
| Retained Earnings | -$167M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $191M |
| Minority Interest | $0 |
| TOTAL EQUITY | $191M |
| TOTAL LIABILITIES & EQUITY | $225M |
| Total Debt | $22M |
| Net Debt | -$172M |
