| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $31M | — | $43M | — | -27.5% |
| Op. Income | -$243M | — | -$146M | — | -66.9% |
| Gross Margin | 93.4% | — | 91.4% | — | 2.0pp |
| Net Margin | -739.4% | — | -302.4% | — | -437.0pp |
| EPS (Diluted) | $-3.17 | — | $-2.32 | — | -36.6% |
| Free Cash Flow | -$243M | — | -$130M | — | -86.8% |
| Item | Amount |
|---|---|
| REVENUE | $31M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $29M |
| R&D Expenses | $221M |
| Selling & Marketing | $90.0K |
| General & Administrative | $52M |
| SG&A Expenses | $52M |
| Other Expenses | $0 |
| Operating Expenses | $273M |
| Cost & Expenses | $275M |
| OPERATING INCOME | -$243M |
| Interest Income | $12M |
| Interest Expense | -$33.0K |
| Other Income/Expenses | $12M |
| INCOME BEFORE TAX | -$232M |
| Income Tax Expense | $279.0K |
| Net Income from Continuing Ops | -$232M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | -$558.0K |
| NET INCOME | -$232M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$232M |
| D&A | $0 |
| EBIT | -$243M |
| EBITDA | -$243M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$232M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $28M |
| Deferred Income Tax | $279.0K |
| Other Non-Cash Items | -$5M |
| Change in Working Capital | -$34M |
| OPERATING CASH FLOW | -$240M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $155.0K |
| Purchases of Investments | -$252M |
| Sales/Maturities of Investments | $319M |
| Other Investing Activities | $5M |
| NET CASH FROM INVESTING | $69M |
| Net Debt Issuance | -$105.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | $174M |
| FREE CASH FLOW | -$243M |
| Net Change in Cash | $2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $102M |
| Short-Term Investments | $204M |
| Net Receivables | $651.0K |
| Inventory | $2M |
| Other Current Assets | $20M |
| TOTAL CURRENT ASSETS | $329M |
| PP&E (Net) | $20M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $15M |
| TOTAL NON-CURRENT ASSETS | $35M |
| TOTAL ASSETS | $364M |
| Account Payables | $35M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $37M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $87.0K |
| TOTAL NON-CURRENT LIABILITIES | $21M |
| TOTAL LIABILITIES | $58M |
| Common Stock | $1.4B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $961.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $306M |
| Minority Interest | $0 |
| TOTAL EQUITY | $306M |
| TOTAL LIABILITIES & EQUITY | $364M |
| Total Debt | $21M |
| Net Debt | -$81M |
