| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $206M | — | $180M | — | 14.3% |
| Op. Income | -$9M | — | -$14M | — | 39.0% |
| Gross Margin | 54.5% | — | 55.2% | — | -0.7pp |
| Net Margin | -7.6% | — | -11.6% | — | 4.0pp |
| EPS (Diluted) | $-0.08 | — | $-0.11 | — | 25.5% |
| Free Cash Flow | $9M | — | $9M | — | 0.0% |
| Item | Amount |
|---|---|
| REVENUE | $206M |
| Cost of Revenue | $94M |
| GROSS PROFIT | $112M |
| R&D Expenses | $68M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $81M |
| Other Expenses | -$28M |
| Operating Expenses | $121M |
| Cost & Expenses | $215M |
| OPERATING INCOME | -$9M |
| Interest Income | $0 |
| Interest Expense | $8M |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | -$15M |
| Income Tax Expense | $354.0K |
| NET INCOME | -$16M |
| D&A | $2M |
| EBIT | -$15M |
| EBITDA | -$13M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$16M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $23M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $9M |
| Change in Working Capital | -$7M |
| OPERATING CASH FLOW | $11M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$43M |
| Sales/Maturities of Investments | $38M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$8M |
| Net Debt Issuance | -$329.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $5M |
| NET CASH FROM FINANCING | $5M |
| FREE CASH FLOW | $9M |
| Net Change in Cash | $8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $20M |
| Short-Term Investments | $63M |
| Net Receivables | $30M |
| Inventory | $56M |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $174M |
| PP&E (Net) | $19M |
| Goodwill | $1M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $27M |
| TOTAL NON-CURRENT ASSETS | $47M |
| TOTAL ASSETS | $222M |
| Account Payables | $28M |
| Short-Term Debt | $46M |
| Deferred Revenue | $1M |
| Other Current Liabilities | $25M |
| TOTAL CURRENT LIABILITIES | $101M |
| Long-Term Debt | $41M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $5M |
| TOTAL NON-CURRENT LIABILITIES | $56M |
| TOTAL LIABILITIES | $157M |
| Common Stock | $192.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | -$1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$156.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $64M |
| Minority Interest | $741.0K |
| TOTAL EQUITY | $65M |
| TOTAL LIABILITIES & EQUITY | $222M |
| Total Debt | $97M |
| Net Debt | $77M |
