| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $31M | — | $23M | — | 36.8% |
| Op. Income | -$82M | — | -$103M | — | 20.0% |
| Gross Margin | 89.2% | — | 100.0% | — | -10.8pp |
| Net Margin | -240.3% | — | -383.2% | — | 142.9pp |
| EPS (Diluted) | $-1.18 | — | $-1.58 | — | 25.3% |
| Free Cash Flow | -$86M | — | -$101M | — | 15.0% |
| Item | Amount |
|---|---|
| REVENUE | $31M |
| Cost of Revenue | $3M |
| GROSS PROFIT | $28M |
| R&D Expenses | $85M |
| Selling & Marketing | $0 |
| General & Administrative | $28M |
| SG&A Expenses | $28M |
| Other Expenses | -$3M |
| Operating Expenses | $110M |
| Cost & Expenses | $113M |
| OPERATING INCOME | -$82M |
| Interest Income | $9M |
| Interest Expense | $0 |
| Other Income/Expenses | $8M |
| INCOME BEFORE TAX | -$74M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$74M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$74M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$74M |
| D&A | $3M |
| EBIT | -$82M |
| EBITDA | -$79M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$74M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $7M |
| Change in Working Capital | -$32M |
| OPERATING CASH FLOW | -$86M |
| Capital Expenditure | -$50.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$131M |
| Sales/Maturities of Investments | $243M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $112M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $1M |
| FREE CASH FLOW | -$86M |
| Net Change in Cash | $27M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $81M |
| Short-Term Investments | $78M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $163M |
| PP&E (Net) | $33M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $35M |
| TOTAL ASSETS | $198M |
| Account Payables | $4M |
| Short-Term Debt | $923.0K |
| Deferred Revenue | $43M |
| Other Current Liabilities | $11M |
| TOTAL CURRENT LIABILITIES | $60M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $206M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $556.0K |
| TOTAL NON-CURRENT LIABILITIES | $247M |
| TOTAL LIABILITIES | $307M |
| Common Stock | $6.0K |
| Additional Paid-In Capital | $524M |
| Retained Earnings | -$632M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $24.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$109M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$109M |
| TOTAL LIABILITIES & EQUITY | $198M |
| Total Debt | $41M |
| Net Debt | -$40M |
