| Metric | FY 2024 | Prior Q | FY 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $7M | — | $7M | — | 2.0% |
| Op. Income | -$195M | — | -$155M | — | -26.2% |
| Gross Margin | -2229.8% | — | -1614.5% | — | -615.2pp |
| Net Margin | -2248.8% | — | -2054.8% | — | -194.0pp |
| EPS (Diluted) | $-2.45 | — | $-2.92 | — | 16.1% |
| Free Cash Flow | -$160M | — | -$109M | — | -46.4% |
| Item | Amount |
|---|---|
| REVENUE | $7M |
| Cost of Revenue | $164M |
| GROSS PROFIT | -$157M |
| R&D Expenses | $164M |
| Selling & Marketing | $0 |
| General & Administrative | $39M |
| SG&A Expenses | $39M |
| Other Expenses | -$164M |
| Operating Expenses | $39M |
| Cost & Expenses | $202M |
| OPERATING INCOME | -$195M |
| Interest Income | $37M |
| Interest Expense | $0 |
| Other Income/Expenses | $37M |
| INCOME BEFORE TAX | -$158M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$158M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$158M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$158M |
| D&A | $3M |
| EBIT | -$195M |
| EBITDA | -$192M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$158M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $34M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$16M |
| Change in Working Capital | -$22M |
| OPERATING CASH FLOW | -$158M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$790M |
| Sales/Maturities of Investments | $502M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$290M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $9M |
| NET CASH FROM FINANCING | $441M |
| FREE CASH FLOW | -$160M |
| Net Change in Cash | -$6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $28M |
| Short-Term Investments | $697M |
| Net Receivables | $700.0K |
| Inventory | $0 |
| Other Current Assets | $21M |
| TOTAL CURRENT ASSETS | $747M |
| PP&E (Net) | $8M |
| Goodwill | $0 |
| Intangible Assets | $27M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $10M |
| TOTAL NON-CURRENT ASSETS | $45M |
| TOTAL ASSETS | $792M |
| Account Payables | $3M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $942.0K |
| TOTAL CURRENT LIABILITIES | $40M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $6M |
| TOTAL LIABILITIES | $45M |
| Common Stock | $66.0K |
| Additional Paid-In Capital | $2.3B |
| Retained Earnings | -$1.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $747M |
| Minority Interest | $0 |
| TOTAL EQUITY | $747M |
| TOTAL LIABILITIES & EQUITY | $792M |
| Total Debt | $4M |
| Net Debt | -$25M |
