| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $500M | — | $540M | — | -7.6% |
| Op. Income | -$139M | — | -$80M | — | -74.1% |
| Gross Margin | 25.6% | — | 29.1% | — | -3.5pp |
| Net Margin | -31.1% | — | -18.5% | — | -12.6pp |
| EPS (Diluted) | $-6.95 | — | $-4.70 | — | -47.9% |
| Free Cash Flow | -$17M | — | -$68M | — | 75.1% |
| Item | Amount |
|---|---|
| REVENUE | $500M |
| Cost of Revenue | $372M |
| GROSS PROFIT | $128M |
| R&D Expenses | $17M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $143M |
| Other Expenses | $106M |
| Operating Expenses | $267M |
| Cost & Expenses | $639M |
| OPERATING INCOME | -$139M |
| Interest Income | $0 |
| Interest Expense | $45.6T |
| Other Income/Expenses | -$16M |
| INCOME BEFORE TAX | -$155M |
| Income Tax Expense | -$80.0K |
| Net Income from Continuing Ops | -$155M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$155M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$204M |
| D&A | $34M |
| EBIT | -$110M |
| EBITDA | -$76M |
| EPS | -$7 |
| EPS Diluted | -$7 |
| Item | Amount |
|---|---|
| Net Income | -$155M |
| Depreciation & Amortization | $34M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | $103M |
| Change in Working Capital | $9M |
| OPERATING CASH FLOW | -$8M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$9M |
| Net Debt Issuance | $28M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$158.0K |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | $24M |
| FREE CASH FLOW | -$17M |
| Net Change in Cash | $8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $40M |
| Short-Term Investments | $0 |
| Net Receivables | $145M |
| Inventory | $69M |
| Other Current Assets | $16M |
| TOTAL CURRENT ASSETS | $270M |
| PP&E (Net) | $74M |
| Goodwill | $205M |
| Intangible Assets | $173M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $19M |
| TOTAL NON-CURRENT ASSETS | $471M |
| TOTAL ASSETS | $741M |
| Account Payables | $26M |
| Short-Term Debt | $4M |
| Deferred Revenue | $63M |
| Other Current Liabilities | $14M |
| TOTAL CURRENT LIABILITIES | $158M |
| Long-Term Debt | $210M |
| Deferred Revenue NC | $21M |
| Deferred Tax Liabilities | $5M |
| Other Non-Current Liabilities | $24M |
| TOTAL NON-CURRENT LIABILITIES | $289M |
| TOTAL LIABILITIES | $447M |
| Common Stock | $4M |
| Additional Paid-In Capital | $549M |
| Retained Earnings | -$7M |
| Treasury Stock | -$442M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $294M |
| Minority Interest | $0 |
| TOTAL EQUITY | $294M |
| TOTAL LIABILITIES & EQUITY | $741M |
| Total Debt | $251M |
| Net Debt | $211M |
