| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $56M | — | $182M | — | -69.0% |
| Op. Income | -$210M | — | -$45M | — | -364.5% |
| Gross Margin | 100.0% | — | 100.0% | — | 0.0pp |
| Net Margin | -390.9% | — | 9.8% | — | -400.7pp |
| EPS (Diluted) | $-1.80 | — | $0.16 | — | -1200.0% |
| Free Cash Flow | -$206M | — | -$204M | — | -0.8% |
| Item | Amount |
|---|---|
| REVENUE | $56M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $56M |
| R&D Expenses | $199M |
| Selling & Marketing | $0 |
| General & Administrative | $60M |
| SG&A Expenses | $60M |
| Other Expenses | $11M |
| Operating Expenses | $269M |
| Cost & Expenses | $269M |
| OPERATING INCOME | -$210M |
| Interest Income | $19M |
| Interest Expense | $1M |
| Other Income/Expenses | -$13M |
| INCOME BEFORE TAX | -$223M |
| Income Tax Expense | -$2M |
| Net Income from Continuing Ops | -$221M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$221M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$221M |
| D&A | $14M |
| EBIT | -$210M |
| EBITDA | -$196M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$221M |
| Depreciation & Amortization | $14M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $58M |
| Change in Working Capital | -$49M |
| OPERATING CASH FLOW | -$198M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$380M |
| Sales/Maturities of Investments | $618M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $230M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | $109M |
| FREE CASH FLOW | -$206M |
| Net Change in Cash | $160M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $404M |
| Short-Term Investments | $144M |
| Net Receivables | $8M |
| Inventory | $0 |
| Other Current Assets | $17M |
| TOTAL CURRENT ASSETS | $589M |
| PP&E (Net) | $64M |
| Goodwill | $0 |
| Intangible Assets | $2M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $68M |
| TOTAL ASSETS | $657M |
| Account Payables | $397.4K |
| Short-Term Debt | $3M |
| Deferred Revenue | $18M |
| Other Current Liabilities | $26M |
| TOTAL CURRENT LIABILITIES | $50M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $22M |
| Deferred Tax Liabilities | $4M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $41M |
| TOTAL LIABILITIES | $91M |
| Common Stock | $2M |
| Additional Paid-In Capital | $1.5B |
| Retained Earnings | -$919M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$10M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $566M |
| Minority Interest | $0 |
| TOTAL EQUITY | $566M |
| TOTAL LIABILITIES & EQUITY | $657M |
| Total Debt | $18M |
| Net Debt | -$386M |
