| Metric | FY 2024 | Prior Q | FY 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $59M | — | $70M | — | -15.4% |
| Op. Income | -$59M | — | -$68M | — | 14.0% |
| Gross Margin | 72.6% | — | 81.7% | — | -9.2pp |
| Net Margin | -110.0% | — | -108.7% | — | -1.3pp |
| EPS (Diluted) | $-0.89 | — | $-1.12 | — | 20.5% |
| Free Cash Flow | -$54M | — | -$57M | — | 5.9% |
| Item | Amount |
|---|---|
| REVENUE | $59M |
| Cost of Revenue | $16M |
| GROSS PROFIT | $43M |
| R&D Expenses | $46M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $55M |
| Other Expenses | $165.0K |
| Operating Expenses | $102M |
| Cost & Expenses | $118M |
| OPERATING INCOME | -$59M |
| Interest Income | $4M |
| Interest Expense | $0 |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | -$65M |
| Income Tax Expense | $34.0K |
| Net Income from Continuing Ops | -$65M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$65M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$65M |
| D&A | -$165.0K |
| EBIT | -$58M |
| EBITDA | -$59M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$65M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $13M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $10M |
| Change in Working Capital | -$12M |
| OPERATING CASH FLOW | -$49M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $87.0K |
| Purchases of Investments | -$90M |
| Sales/Maturities of Investments | $37M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$57M |
| Net Debt Issuance | $30M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$318.0K |
| NET CASH FROM FINANCING | $61M |
| FREE CASH FLOW | -$54M |
| Net Change in Cash | -$46M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $19M |
| Short-Term Investments | $54M |
| Net Receivables | $19M |
| Inventory | $2M |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $99M |
| PP&E (Net) | $43M |
| Goodwill | $2M |
| Intangible Assets | $0 |
| Long-Term Investments | $3M |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $50M |
| TOTAL ASSETS | $149M |
| Account Payables | $3M |
| Short-Term Debt | $0 |
| Deferred Revenue | $350.0K |
| Other Current Liabilities | $11M |
| TOTAL CURRENT LIABILITIES | $24M |
| Long-Term Debt | $29M |
| Deferred Revenue NC | $100.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $58M |
| TOTAL LIABILITIES | $82M |
| Common Stock | $8.0K |
| Additional Paid-In Capital | $630M |
| Retained Earnings | -$563M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $52.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $67M |
| Minority Interest | $0 |
| TOTAL EQUITY | $67M |
| TOTAL LIABILITIES & EQUITY | $149M |
| Total Debt | $60M |
| Net Debt | $41M |
