| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $34M | — | $37M | — | -7.6% |
| Op. Income | -$20M | — | -$11M | — | -79.9% |
| Gross Margin | -9.4% | — | -30.7% | — | 21.3pp |
| Net Margin | -82.9% | — | -18.4% | — | -64.6pp |
| EPS (Diluted) | $-0.64 | — | $-0.22 | — | -190.9% |
| Free Cash Flow | -$43M | — | -$21M | — | -100.9% |
| Item | Amount |
|---|---|
| REVENUE | $34M |
| Cost of Revenue | $37M |
| GROSS PROFIT | -$3M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $16M |
| SG&A Expenses | $16M |
| Other Expenses | $0 |
| Operating Expenses | $16M |
| Cost & Expenses | $54M |
| OPERATING INCOME | -$20M |
| Interest Income | $285.9K |
| Interest Expense | $0 |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | -$28M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$28M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$28M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$28M |
| D&A | $7M |
| EBIT | -$20M |
| EBITDA | -$13M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$28M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$10M |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | -$26M |
| Capital Expenditure | -$17M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$6M |
| Sales/Maturities of Investments | $11M |
| Other Investing Activities | $280.0K |
| NET CASH FROM INVESTING | -$12M |
| Net Debt Issuance | -$113.1K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | $115M |
| FREE CASH FLOW | -$43M |
| Net Change in Cash | $77M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $78M |
| Short-Term Investments | $0 |
| Net Receivables | $2M |
| Inventory | $15M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $95M |
| PP&E (Net) | $23M |
| Goodwill | $0 |
| Intangible Assets | $926.3K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $15M |
| TOTAL NON-CURRENT ASSETS | $39M |
| TOTAL ASSETS | $134M |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $9M |
| TOTAL CURRENT LIABILITIES | $9M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $2M |
| TOTAL LIABILITIES | $11M |
| Common Stock | $0 |
| Additional Paid-In Capital | $216M |
| Retained Earnings | -$89M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $123M |
| Minority Interest | $0 |
| TOTAL EQUITY | $123M |
| TOTAL LIABILITIES & EQUITY | $134M |
| Total Debt | $0 |
| Net Debt | -$78M |
