| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $387M | — | $440M | — | -12.1% |
| Op. Income | -$87M | — | -$277M | — | 68.7% |
| Gross Margin | 33.9% | — | 37.3% | — | -3.4pp |
| Net Margin | 7.7% | — | -58.1% | — | 65.8pp |
| EPS (Diluted) | $0.19 | — | $-1.94 | — | 109.8% |
| Free Cash Flow | -$98M | — | -$61M | — | -60.3% |
| Item | Amount |
|---|---|
| REVENUE | $387M |
| Cost of Revenue | $256M |
| GROSS PROFIT | $131M |
| R&D Expenses | $65M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $161M |
| Other Expenses | $760.0K |
| Operating Expenses | $227M |
| Cost & Expenses | $474M |
| OPERATING INCOME | -$87M |
| Interest Income | $4M |
| Interest Expense | $5M |
| Other Income/Expenses | $132M |
| INCOME BEFORE TAX | $45M |
| Income Tax Expense | -$15M |
| Net Income from Continuing Ops | $30M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $30M |
| Net Income Deductions | -$3M |
| BOTTOM LINE NET INCOME | $33M |
| D&A | $22M |
| EBIT | -$87M |
| EBITDA | -$65M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $30M |
| Depreciation & Amortization | $22M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$118M |
| Change in Working Capital | -$31M |
| OPERATING CASH FLOW | -$88M |
| Capital Expenditure | -$10M |
| Acquisitions (Net) | -$4M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $123M |
| NET CASH FROM INVESTING | $109M |
| Net Debt Issuance | -$84M |
| Common Stock Repurchased | -$15M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$102M |
| FREE CASH FLOW | -$98M |
| Net Change in Cash | -$76M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $96M |
| Short-Term Investments | $0 |
| Net Receivables | $90M |
| Inventory | $127M |
| Other Current Assets | $34M |
| TOTAL CURRENT ASSETS | $347M |
| PP&E (Net) | $102M |
| Goodwill | $16M |
| Intangible Assets | $17M |
| Long-Term Investments | $24M |
| Tax Assets | $3M |
| Other Non-Current Assets | $14M |
| TOTAL NON-CURRENT ASSETS | $175M |
| TOTAL ASSETS | $522M |
| Account Payables | $41M |
| Short-Term Debt | $17M |
| Deferred Revenue | $17M |
| Other Current Liabilities | $30M |
| TOTAL CURRENT LIABILITIES | $121M |
| Long-Term Debt | $86M |
| Deferred Revenue NC | $3M |
| Deferred Tax Liabilities | $3M |
| Other Non-Current Liabilities | $12M |
| TOTAL NON-CURRENT LIABILITIES | $159M |
| TOTAL LIABILITIES | $279M |
| Common Stock | $146.0K |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | -$1.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$48M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $240M |
| Minority Interest | $2M |
| TOTAL EQUITY | $243M |
| TOTAL LIABILITIES & EQUITY | $522M |
| Total Debt | $158M |
| Net Debt | $63M |
