| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $634M | — | $528M | — | 20.0% |
| Op. Income | $34M | — | $25M | — | 38.7% |
| Gross Margin | 87.3% | — | 90.0% | — | -2.7pp |
| Net Margin | -4.3% | — | -10.6% | — | 6.3pp |
| EPS (Diluted) | $-0.09 | — | $-0.18 | — | 51.2% |
| Free Cash Flow | $30M | — | -$37M | — | 179.7% |
| Item | Amount |
|---|---|
| REVENUE | $634M |
| Cost of Revenue | $80M |
| GROSS PROFIT | $554M |
| R&D Expenses | $136M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $383M |
| Other Expenses | $0 |
| Operating Expenses | $519M |
| Cost & Expenses | $600M |
| OPERATING INCOME | $34M |
| Interest Income | $3M |
| Interest Expense | $46M |
| Other Income/Expenses | -$34M |
| INCOME BEFORE TAX | $191.0K |
| Income Tax Expense | $27M |
| Net Income from Continuing Ops | -$27M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$27M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$27M |
| D&A | $7M |
| EBIT | $46M |
| EBITDA | $54M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$27M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $87M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $10M |
| Change in Working Capital | -$40M |
| OPERATING CASH FLOW | $33M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$94M |
| Sales/Maturities of Investments | $51M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$46M |
| Net Debt Issuance | -$272.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$18M |
| NET CASH FROM FINANCING | $610.0K |
| FREE CASH FLOW | $30M |
| Net Change in Cash | $600.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $214M |
| Short-Term Investments | $80M |
| Net Receivables | $115M |
| Inventory | $229M |
| Other Current Assets | $39M |
| TOTAL CURRENT ASSETS | $676M |
| PP&E (Net) | $48M |
| Goodwill | $198M |
| Intangible Assets | $14M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $14M |
| TOTAL NON-CURRENT ASSETS | $274M |
| TOTAL ASSETS | $950M |
| Account Payables | $29M |
| Short-Term Debt | $9M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $134M |
| TOTAL CURRENT LIABILITIES | $238M |
| Long-Term Debt | $434M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$37M |
| TOTAL NON-CURRENT LIABILITIES | $438M |
| TOTAL LIABILITIES | $676M |
| Common Stock | $3M |
| Additional Paid-In Capital | $3.0B |
| Retained Earnings | -$2.8B |
| Treasury Stock | -$71.0K |
| Accum. Other Comp. Income | $24M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $274M |
| Minority Interest | $0 |
| TOTAL EQUITY | $274M |
| TOTAL LIABILITIES & EQUITY | $950M |
| Total Debt | $483M |
| Net Debt | $269M |
