| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $89M | — | $65M | — | 36.1% |
| Op. Income | -$58M | — | -$40M | — | -47.1% |
| Gross Margin | 87.9% | — | 86.7% | — | 1.2pp |
| Net Margin | -60.0% | — | -61.8% | — | 1.8pp |
| EPS (Diluted) | $-1.46 | — | $-3.39 | — | 56.9% |
| Free Cash Flow | -$42M | — | -$36M | — | -14.3% |
| Item | Amount |
|---|---|
| REVENUE | $89M |
| Cost of Revenue | $11M |
| GROSS PROFIT | $78M |
| R&D Expenses | $19M |
| Selling & Marketing | $73M |
| General & Administrative | $44M |
| SG&A Expenses | $118M |
| Other Expenses | $0 |
| Operating Expenses | $137M |
| Cost & Expenses | $147M |
| OPERATING INCOME | -$58M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | -$53M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$53M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$53M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$53M |
| D&A | $0 |
| EBIT | -$52M |
| EBITDA | -$52M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$53M |
| Depreciation & Amortization | -$670.0K |
| Stock-Based Compensation | $12M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $418.0K |
| Change in Working Capital | $633.0K |
| OPERATING CASH FLOW | -$41M |
| Capital Expenditure | -$767.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$211M |
| Sales/Maturities of Investments | $94M |
| Other Investing Activities | -$755.0K |
| NET CASH FROM INVESTING | -$118M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$386.0K |
| NET CASH FROM FINANCING | $5M |
| FREE CASH FLOW | -$42M |
| Net Change in Cash | -$154M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $40M |
| Short-Term Investments | $119M |
| Net Receivables | $15M |
| Inventory | $7M |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $187M |
| PP&E (Net) | $4M |
| Goodwill | $0 |
| Intangible Assets | $805.0K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $9M |
| TOTAL ASSETS | $196M |
| Account Payables | $3M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $15M |
| TOTAL CURRENT LIABILITIES | $19M |
| Long-Term Debt | $20M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $106.0K |
| TOTAL NON-CURRENT LIABILITIES | $21M |
| TOTAL LIABILITIES | $40M |
| Common Stock | $38.0K |
| Additional Paid-In Capital | $375M |
| Retained Earnings | -$220M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $159.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $155M |
| Minority Interest | $0 |
| TOTAL EQUITY | $155M |
| TOTAL LIABILITIES & EQUITY | $196M |
| Total Debt | $22M |
| Net Debt | -$18M |
