| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $65M | — | $68M | — | -3.4% |
| Op. Income | -$85M | — | -$122M | — | 29.9% |
| Gross Margin | 93.0% | — | 100.0% | — | -7.0pp |
| Net Margin | -125.4% | — | -171.6% | — | 46.2pp |
| EPS (Diluted) | $-3.84 | — | $-5.48 | — | 29.9% |
| Free Cash Flow | -$32M | — | -$97M | — | 66.7% |
| Item | Amount |
|---|---|
| REVENUE | $65M |
| Cost of Revenue | $5M |
| GROSS PROFIT | $61M |
| R&D Expenses | $107M |
| Selling & Marketing | $0 |
| General & Administrative | $44M |
| SG&A Expenses | $44M |
| Other Expenses | -$5M |
| Operating Expenses | $146M |
| Cost & Expenses | $151M |
| OPERATING INCOME | -$85M |
| Interest Income | $9M |
| Interest Expense | $8M |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$84M |
| Income Tax Expense | -$2M |
| Net Income from Continuing Ops | -$82M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$82M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$82M |
| D&A | $5M |
| EBIT | -$76M |
| EBITDA | -$71M |
| EPS | -$4 |
| EPS Diluted | -$4 |
| Item | Amount |
|---|---|
| Net Income | -$82M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $19M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$946.0K |
| Change in Working Capital | $40M |
| OPERATING CASH FLOW | -$19M |
| Capital Expenditure | -$13M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$210M |
| Sales/Maturities of Investments | $263M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $40M |
| Net Debt Issuance | -$26M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$277.0K |
| NET CASH FROM FINANCING | -$27M |
| FREE CASH FLOW | -$32M |
| Net Change in Cash | -$6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $32M |
| Short-Term Investments | $157M |
| Net Receivables | $7M |
| Inventory | $0 |
| Other Current Assets | $9M |
| TOTAL CURRENT ASSETS | $204M |
| PP&E (Net) | $73M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $3M |
| Tax Assets | $0 |
| Other Non-Current Assets | $92.0K |
| TOTAL NON-CURRENT ASSETS | $76M |
| TOTAL ASSETS | $281M |
| Account Payables | $2M |
| Short-Term Debt | $31M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $49M |
| Long-Term Debt | $112M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $260.0K |
| TOTAL NON-CURRENT LIABILITIES | $167M |
| TOTAL LIABILITIES | $216M |
| Common Stock | $214.0K |
| Additional Paid-In Capital | $470M |
| Retained Earnings | -$405M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$339.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $65M |
| Minority Interest | $0 |
| TOTAL EQUITY | $65M |
| TOTAL LIABILITIES & EQUITY | $281M |
| Total Debt | $201M |
| Net Debt | $169M |
