| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $11M | — | $10M | — | 11.7% |
| Op. Income | -$136M | — | -$167M | — | 18.3% |
| Gross Margin | 67.3% | — | 60.7% | — | 6.6pp |
| Net Margin | -1327.4% | — | -1491.9% | — | 164.5pp |
| EPS (Diluted) | $-1.59 | — | $-1.65 | — | 3.6% |
| Free Cash Flow | -$112M | — | -$145M | — | 22.4% |
| Item | Amount |
|---|---|
| REVENUE | $11M |
| Cost of Revenue | $4M |
| GROSS PROFIT | $8M |
| R&D Expenses | $109M |
| Selling & Marketing | $0 |
| General & Administrative | $38M |
| SG&A Expenses | $38M |
| Other Expenses | -$4M |
| Operating Expenses | $144M |
| Cost & Expenses | $147M |
| OPERATING INCOME | -$136M |
| Interest Income | $8M |
| Interest Expense | $0 |
| Other Income/Expenses | -$12M |
| INCOME BEFORE TAX | -$149M |
| Income Tax Expense | -$550.0K |
| Net Income from Continuing Ops | -$148M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$148M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$148M |
| D&A | $4M |
| EBIT | -$136M |
| EBITDA | -$133M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$148M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $13M |
| Deferred Income Tax | -$548.0K |
| Other Non-Cash Items | $22M |
| Change in Working Capital | -$484.0K |
| OPERATING CASH FLOW | -$111M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$150M |
| Sales/Maturities of Investments | $253M |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | $102M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $5M |
| FREE CASH FLOW | -$112M |
| Net Change in Cash | -$4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $12M |
| Short-Term Investments | $127M |
| Net Receivables | $3M |
| Inventory | $0 |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $145M |
| PP&E (Net) | $24M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $4M |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $30M |
| TOTAL ASSETS | $175M |
| Account Payables | $6M |
| Short-Term Debt | $1M |
| Deferred Revenue | $2M |
| Other Current Liabilities | $17M |
| TOTAL CURRENT LIABILITIES | $25M |
| Long-Term Debt | $26M |
| Deferred Revenue NC | $2M |
| Deferred Tax Liabilities | $4M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $32M |
| TOTAL LIABILITIES | $53M |
| Common Stock | $9.0K |
| Additional Paid-In Capital | $719M |
| Retained Earnings | -$597M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $103.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $122M |
| Minority Interest | $0 |
| TOTAL EQUITY | $122M |
| TOTAL LIABILITIES & EQUITY | $175M |
| Total Debt | $27M |
| Net Debt | $15M |
