| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $176M | — | $126M | — | 39.9% |
| Op. Income | -$64M | — | -$61M | — | -4.6% |
| Gross Margin | 76.8% | — | 75.1% | — | 1.7pp |
| Net Margin | -66.3% | — | -76.6% | — | 10.3pp |
| EPS (Diluted) | $-1.37 | — | $-1.49 | — | 8.1% |
| Free Cash Flow | -$59M | — | -$73M | — | 19.5% |
| Item | Amount |
|---|---|
| REVENUE | $176M |
| Cost of Revenue | $41M |
| GROSS PROFIT | $135M |
| R&D Expenses | $65M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $134M |
| Other Expenses | $0 |
| Operating Expenses | $199M |
| Cost & Expenses | $240M |
| OPERATING INCOME | -$64M |
| Interest Income | $6M |
| Interest Expense | $15M |
| Other Income/Expenses | -$53M |
| INCOME BEFORE TAX | -$117M |
| Income Tax Expense | -$76.0K |
| Net Income from Continuing Ops | -$117M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$117M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$117M |
| D&A | $9M |
| EBIT | -$64M |
| EBITDA | -$55M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$117M |
| Depreciation & Amortization | $9M |
| Stock-Based Compensation | $14M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $48M |
| Change in Working Capital | -$8M |
| OPERATING CASH FLOW | -$54M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$234M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$239M |
| Net Debt Issuance | -$122M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$510.0K |
| NET CASH FROM FINANCING | $286M |
| FREE CASH FLOW | -$59M |
| Net Change in Cash | -$7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $45M |
| Short-Term Investments | $132M |
| Net Receivables | $29M |
| Inventory | $0 |
| Other Current Assets | $14M |
| TOTAL CURRENT ASSETS | $220M |
| PP&E (Net) | $26M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $103M |
| Tax Assets | $0 |
| Other Non-Current Assets | $10M |
| TOTAL NON-CURRENT ASSETS | $139M |
| TOTAL ASSETS | $359M |
| Account Payables | $3M |
| Short-Term Debt | $6M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $33M |
| TOTAL CURRENT LIABILITIES | $42M |
| Long-Term Debt | $16M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $16M |
| TOTAL LIABILITIES | $59M |
| Common Stock | $85.0K |
| Additional Paid-In Capital | $1.4B |
| Retained Earnings | -$1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$425.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $301M |
| Minority Interest | $0 |
| TOTAL EQUITY | $301M |
| TOTAL LIABILITIES & EQUITY | $359M |
| Total Debt | $22M |
| Net Debt | -$23M |
