| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $85M | — | $37.0K | — | 230194.6% |
| Op. Income | -$160M | — | -$188M | — | 15.1% |
| Gross Margin | 91.1% | — | 100.0% | — | -8.9pp |
| Net Margin | -164.4% | — | -434778.4% | — | 434613.9pp |
| EPS (Diluted) | $-2.42 | — | $-2.98 | — | 18.8% |
| Free Cash Flow | -$109M | — | -$138M | — | 21.2% |
| Item | Amount |
|---|---|
| REVENUE | $85M |
| Cost of Revenue | $8M |
| GROSS PROFIT | $78M |
| R&D Expenses | $196M |
| Selling & Marketing | $0 |
| General & Administrative | $49M |
| SG&A Expenses | $49M |
| Other Expenses | -$8M |
| Operating Expenses | $237M |
| Cost & Expenses | $245M |
| OPERATING INCOME | -$160M |
| Interest Income | $19M |
| Interest Expense | $0 |
| Other Income/Expenses | $19M |
| INCOME BEFORE TAX | -$140M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$140M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$140M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$140M |
| D&A | $8M |
| EBIT | -$160M |
| EBITDA | -$152M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$140M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $22M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$5M |
| Change in Working Capital | $6M |
| OPERATING CASH FLOW | -$109M |
| Capital Expenditure | -$536.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$443M |
| Sales/Maturities of Investments | $350M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$93M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $113M |
| FREE CASH FLOW | -$109M |
| Net Change in Cash | -$89M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $60M |
| Short-Term Investments | $342M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $10M |
| TOTAL CURRENT ASSETS | $413M |
| PP&E (Net) | $33M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $121M |
| TOTAL NON-CURRENT ASSETS | $154M |
| TOTAL ASSETS | $567M |
| Account Payables | $11M |
| Short-Term Debt | $6M |
| Deferred Revenue | $360.0K |
| Other Current Liabilities | $27M |
| TOTAL CURRENT LIABILITIES | $44M |
| Long-Term Debt | $16M |
| Deferred Revenue NC | $745.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $496.0K |
| TOTAL NON-CURRENT LIABILITIES | $17M |
| TOTAL LIABILITIES | $61M |
| Common Stock | $6.0K |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | -$716M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $727.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $506M |
| Minority Interest | $0 |
| TOTAL EQUITY | $506M |
| TOTAL LIABILITIES & EQUITY | $567M |
| Total Debt | $21M |
| Net Debt | -$39M |
