| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $109M | — | $7M | — | 1556.8% |
| Op. Income | -$15M | — | -$138M | — | 89.1% |
| Gross Margin | 88.0% | — | 100.0% | — | -12.0pp |
| Net Margin | -8.8% | — | -1920.9% | — | 1912.1pp |
| EPS (Diluted) | $-0.11 | — | $-1.61 | — | 93.2% |
| Free Cash Flow | -$105M | — | -$110M | — | 5.0% |
| Item | Amount |
|---|---|
| REVENUE | $109M |
| Cost of Revenue | $13M |
| GROSS PROFIT | $96M |
| R&D Expenses | $96M |
| Selling & Marketing | $0 |
| General & Administrative | $24M |
| SG&A Expenses | $24M |
| Other Expenses | -$9M |
| Operating Expenses | $111M |
| Cost & Expenses | $124M |
| OPERATING INCOME | -$15M |
| Interest Income | $7M |
| Interest Expense | $0 |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | -$10M |
| Income Tax Expense | -$68.0K |
| Net Income from Continuing Ops | -$10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$10M |
| D&A | $13M |
| EBIT | -$15M |
| EBITDA | -$2M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$10M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | -$73.0K |
| Other Non-Cash Items | $389.0K |
| Change in Working Capital | -$115M |
| OPERATING CASH FLOW | -$104M |
| Capital Expenditure | -$848.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$51M |
| Sales/Maturities of Investments | -$51M |
| Other Investing Activities | $211M |
| NET CASH FROM INVESTING | $108M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $173.0K |
| FREE CASH FLOW | -$105M |
| Net Change in Cash | $4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $62M |
| Short-Term Investments | $55M |
| Net Receivables | $667.0K |
| Inventory | $0 |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $121M |
| PP&E (Net) | $66M |
| Goodwill | $0 |
| Intangible Assets | $34M |
| Long-Term Investments | $2M |
| Tax Assets | $0 |
| Other Non-Current Assets | $211.0K |
| TOTAL NON-CURRENT ASSETS | $103M |
| TOTAL ASSETS | $224M |
| Account Payables | $5M |
| Short-Term Debt | $3M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $12M |
| TOTAL CURRENT LIABILITIES | $20M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $4M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $45M |
| TOTAL LIABILITIES | $65M |
| Common Stock | $9.0K |
| Additional Paid-In Capital | $951M |
| Retained Earnings | -$792M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $30.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $159M |
| Minority Interest | $0 |
| TOTAL EQUITY | $159M |
| TOTAL LIABILITIES & EQUITY | $224M |
| Total Debt | $44M |
| Net Debt | -$18M |
