| Metric | FY 2026 | Prior Q | FY 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $411M | — | $417M | — | -1.4% |
| Op. Income | -$210M | — | -$253M | — | 16.9% |
| Gross Margin | 30.5% | — | 24.1% | — | 6.4pp |
| Net Margin | -53.5% | — | -66.4% | — | 12.9pp |
| EPS (Diluted) | $-9.41 | — | $-12.78 | — | 26.4% |
| Free Cash Flow | -$67M | — | -$159M | — | 57.9% |
| Item | Amount |
|---|---|
| REVENUE | $411M |
| Cost of Revenue | $286M |
| GROSS PROFIT | $126M |
| R&D Expenses | $139M |
| Selling & Marketing | $101M |
| General & Administrative | $96M |
| SG&A Expenses | $196M |
| Other Expenses | $0 |
| Operating Expenses | $336M |
| Cost & Expenses | $621M |
| OPERATING INCOME | -$210M |
| Interest Income | $4M |
| Interest Expense | $24M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | -$216M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | -$220M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$220M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$220M |
| D&A | $30M |
| EBIT | -$210M |
| EBITDA | -$180M |
| EPS | -$9 |
| EPS Diluted | -$9 |
| Item | Amount |
|---|---|
| Net Income | -$220M |
| Depreciation & Amortization | $27M |
| Stock-Based Compensation | $65M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $17M |
| Change in Working Capital | $48M |
| OPERATING CASH FLOW | -$63M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | -$40M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $18M |
| NET CASH FROM FINANCING | -$20M |
| FREE CASH FLOW | -$67M |
| Net Change in Cash | -$83M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $142M |
| Short-Term Investments | $0 |
| Net Receivables | $86M |
| Inventory | $215M |
| Other Current Assets | $19M |
| TOTAL CURRENT ASSETS | $462M |
| PP&E (Net) | $36M |
| Goodwill | $228M |
| Intangible Assets | $61M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $330M |
| TOTAL ASSETS | $792M |
| Account Payables | $90M |
| Short-Term Debt | $34M |
| Deferred Revenue | $119M |
| Other Current Liabilities | $142M |
| TOTAL CURRENT LIABILITIES | $385M |
| Long-Term Debt | $227M |
| Deferred Revenue NC | $131M |
| Deferred Tax Liabilities | $13M |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $385M |
| TOTAL LIABILITIES | $771M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $2.1B |
| Retained Earnings | -$2.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $21M |
| Minority Interest | $0 |
| TOTAL EQUITY | $21M |
| TOTAL LIABILITIES & EQUITY | $792M |
| Total Debt | $272M |
| Net Debt | $130M |
