| Metric | FY 2024 | Prior Q | FY 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $15M | — | $61M | — | -75.7% |
| Op. Income | -$60M | — | -$15M | — | -307.1% |
| Gross Margin | 100.0% | — | 10.8% | — | 89.2pp |
| Net Margin | -392.0% | — | -14.6% | — | -377.4pp |
| EPS (Diluted) | $-0.71 | — | $-0.11 | — | -577.8% |
| Free Cash Flow | -$9M | — | -$41M | — | 79.1% |
| Item | Amount |
|---|---|
| REVENUE | $15M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $15M |
| R&D Expenses | $61M |
| Selling & Marketing | $0 |
| General & Administrative | $14M |
| SG&A Expenses | $14M |
| Other Expenses | $330.9K |
| Operating Expenses | $75M |
| Cost & Expenses | $75M |
| OPERATING INCOME | -$60M |
| Interest Income | $3M |
| Interest Expense | $661.8K |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$58M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$58M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$58M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$58M |
| D&A | $2M |
| EBIT | -$57M |
| EBITDA | -$55M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$58M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$3M |
| Change in Working Capital | $46M |
| OPERATING CASH FLOW | -$8M |
| Capital Expenditure | -$457.1K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $11M |
| Other Investing Activities | $1.2K |
| NET CASH FROM INVESTING | $11M |
| Net Debt Issuance | -$10M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $3M |
| NET CASH FROM FINANCING | -$7M |
| FREE CASH FLOW | -$9M |
| Net Change in Cash | -$5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $78M |
| Short-Term Investments | $17M |
| Net Receivables | $2M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $100M |
| PP&E (Net) | $6M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $12M |
| Tax Assets | $0 |
| Other Non-Current Assets | $12M |
| TOTAL NON-CURRENT ASSETS | $30M |
| TOTAL ASSETS | $130M |
| Account Payables | $9M |
| Short-Term Debt | $10M |
| Deferred Revenue | $720.2K |
| Other Current Liabilities | $9M |
| TOTAL CURRENT LIABILITIES | $39M |
| Long-Term Debt | $26M |
| Deferred Revenue NC | $3M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $52M |
| TOTAL NON-CURRENT LIABILITIES | $81M |
| TOTAL LIABILITIES | $120M |
| Common Stock | $5M |
| Additional Paid-In Capital | $457M |
| Retained Earnings | -$452M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $31.6K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $10M |
| Minority Interest | $0 |
| TOTAL EQUITY | $10M |
| TOTAL LIABILITIES & EQUITY | $130M |
| Total Debt | $36M |
| Net Debt | -$41M |
