| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2M | — | $6M | — | -67.3% |
| Op. Income | -$178M | — | -$102M | — | -74.7% |
| Gross Margin | 100.0% | — | 100.0% | — | 0.0pp |
| Net Margin | -7973.3% | — | -1362.8% | — | -6610.6pp |
| EPS (Diluted) | $-4.20 | — | $-2.55 | — | -64.7% |
| Free Cash Flow | -$129M | — | -$78M | — | -65.1% |
| Item | Amount |
|---|---|
| REVENUE | $2M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $2M |
| R&D Expenses | $146M |
| Selling & Marketing | $0 |
| General & Administrative | $34M |
| SG&A Expenses | $34M |
| Other Expenses | $0 |
| Operating Expenses | $180M |
| Cost & Expenses | $180M |
| OPERATING INCOME | -$178M |
| Interest Income | $16M |
| Interest Expense | $0 |
| Other Income/Expenses | $16M |
| INCOME BEFORE TAX | -$162M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$162M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$162M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$162M |
| D&A | $0 |
| EBIT | -$178M |
| EBITDA | -$178M |
| EPS | -$4 |
| EPS Diluted | -$4 |
| Item | Amount |
|---|---|
| Net Income | -$162M |
| Depreciation & Amortization | $428.0K |
| Stock-Based Compensation | $23M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$7M |
| Change in Working Capital | $17M |
| OPERATING CASH FLOW | -$129M |
| Capital Expenditure | -$213.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$435M |
| Sales/Maturities of Investments | $312M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$123M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $280M |
| FREE CASH FLOW | -$129M |
| Net Change in Cash | $28M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $51M |
| Short-Term Investments | $353M |
| Net Receivables | $102.0K |
| Inventory | $0 |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $409M |
| PP&E (Net) | $2M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $110M |
| Tax Assets | $0 |
| Other Non-Current Assets | $10M |
| TOTAL NON-CURRENT ASSETS | $121M |
| TOTAL ASSETS | $531M |
| Account Payables | $10M |
| Short-Term Debt | $367.0K |
| Deferred Revenue | $1M |
| Other Current Liabilities | $19M |
| TOTAL CURRENT LIABILITIES | $31M |
| Long-Term Debt | $1M |
| Deferred Revenue NC | $6M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $7M |
| TOTAL LIABILITIES | $38M |
| Common Stock | $43.0K |
| Additional Paid-In Capital | $830M |
| Retained Earnings | -$337M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $489.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $493M |
| Minority Interest | $0 |
| TOTAL EQUITY | $493M |
| TOTAL LIABILITIES & EQUITY | $531M |
| Total Debt | $1M |
| Net Debt | -$50M |
