| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $70M | — | $59M | — | 18.6% |
| Op. Income | -$38M | — | -$59M | — | 34.5% |
| Gross Margin | 79.5% | — | 72.6% | — | 6.9pp |
| Net Margin | -62.5% | — | -110.0% | — | 47.5pp |
| EPS (Diluted) | $-0.50 | — | $-0.89 | — | 43.8% |
| Free Cash Flow | -$24M | — | -$54M | — | 55.6% |
| Item | Amount |
|---|---|
| REVENUE | $70M |
| Cost of Revenue | $14M |
| GROSS PROFIT | $56M |
| R&D Expenses | $44M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $47M |
| Other Expenses | $3M |
| Operating Expenses | $94M |
| Cost & Expenses | $109M |
| OPERATING INCOME | -$38M |
| Interest Income | $3M |
| Interest Expense | $5M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | -$44M |
| Income Tax Expense | $47.0K |
| Net Income from Continuing Ops | -$44M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$44M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$44M |
| D&A | $8M |
| EBIT | -$38M |
| EBITDA | -$30M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$44M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $3M |
| Change in Working Capital | $6M |
| OPERATING CASH FLOW | -$19M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $5.0K |
| Purchases of Investments | -$57M |
| Sales/Maturities of Investments | $85M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $24M |
| Net Debt Issuance | $10M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $28M |
| FREE CASH FLOW | -$24M |
| Net Change in Cash | $32M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $51M |
| Short-Term Investments | $27M |
| Net Receivables | $11M |
| Inventory | $2M |
| Other Current Assets | $6M |
| TOTAL CURRENT ASSETS | $97M |
| PP&E (Net) | $44M |
| Goodwill | $2M |
| Intangible Assets | $0 |
| Long-Term Investments | $2M |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $51M |
| TOTAL ASSETS | $148M |
| Account Payables | $2M |
| Short-Term Debt | $0 |
| Deferred Revenue | $7M |
| Other Current Liabilities | $14M |
| TOTAL CURRENT LIABILITIES | $25M |
| Long-Term Debt | $40M |
| Deferred Revenue NC | $360.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $72M |
| TOTAL LIABILITIES | $97M |
| Common Stock | $9.0K |
| Additional Paid-In Capital | $657M |
| Retained Earnings | -$607M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $8.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $51M |
| Minority Interest | $0 |
| TOTAL EQUITY | $51M |
| TOTAL LIABILITIES & EQUITY | $148M |
| Total Debt | $73M |
| Net Debt | $22M |
