| Metric | FY 2024 | Prior Q | FY 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $43M | — | $46M | — | -6.0% |
| Op. Income | -$146M | — | -$75M | — | -94.3% |
| Gross Margin | 91.4% | — | 89.9% | — | 1.5pp |
| Net Margin | -302.4% | — | -153.8% | — | -148.6pp |
| EPS (Diluted) | $-2.32 | — | $-1.82 | — | -27.5% |
| Free Cash Flow | -$130M | — | -$2M | — | -8001.9% |
| Item | Amount |
|---|---|
| REVENUE | $43M |
| Cost of Revenue | $4M |
| GROSS PROFIT | $40M |
| R&D Expenses | $133M |
| Selling & Marketing | $131.0K |
| General & Administrative | $52M |
| SG&A Expenses | $52M |
| Other Expenses | $0 |
| Operating Expenses | $185M |
| Cost & Expenses | $189M |
| OPERATING INCOME | -$146M |
| Interest Income | $15M |
| Interest Expense | $14.0K |
| Other Income/Expenses | $15M |
| INCOME BEFORE TAX | -$131M |
| Income Tax Expense | $90.0K |
| Net Income from Continuing Ops | -$131M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$131M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$131M |
| D&A | $2M |
| EBIT | -$131M |
| EBITDA | -$129M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$131M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $37M |
| Deferred Income Tax | $90.0K |
| Other Non-Cash Items | -$6M |
| Change in Working Capital | -$28M |
| OPERATING CASH FLOW | -$126M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$398M |
| Sales/Maturities of Investments | $177M |
| Other Investing Activities | $6M |
| NET CASH FROM INVESTING | -$219M |
| Net Debt Issuance | -$105.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $813.0K |
| NET CASH FROM FINANCING | $164M |
| FREE CASH FLOW | -$130M |
| Net Change in Cash | -$182M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $100M |
| Short-Term Investments | $271M |
| Net Receivables | $607.0K |
| Inventory | $2M |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $383M |
| PP&E (Net) | $29M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $35M |
| TOTAL ASSETS | $418M |
| Account Payables | $12M |
| Short-Term Debt | $0 |
| Deferred Revenue | $18M |
| Other Current Liabilities | $13M |
| TOTAL CURRENT LIABILITIES | $49M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $11M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $205.0K |
| TOTAL NON-CURRENT LIABILITIES | $33M |
| TOTAL LIABILITIES | $82M |
| Common Stock | $68.0K |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | -$873M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $337M |
| Minority Interest | $0 |
| TOTAL EQUITY | $337M |
| TOTAL LIABILITIES & EQUITY | $418M |
| Total Debt | $22M |
| Net Debt | -$78M |
