| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $53M | — | $25M | — | 110.5% |
| Op. Income | -$56M | — | -$177M | — | 68.6% |
| Gross Margin | 93.0% | — | 93.6% | — | -0.6pp |
| Net Margin | -98.2% | — | -669.4% | — | 571.2pp |
| EPS (Diluted) | $-0.30 | — | $-1.43 | — | 79.0% |
| Free Cash Flow | -$58M | — | -$171M | — | 65.8% |
| Item | Amount |
|---|---|
| REVENUE | $53M |
| Cost of Revenue | $4M |
| GROSS PROFIT | $50M |
| R&D Expenses | $38M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $67M |
| Other Expenses | $0 |
| Operating Expenses | $105M |
| Cost & Expenses | $109M |
| OPERATING INCOME | -$56M |
| Interest Income | $3M |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | -$52M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$52M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$52M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$52M |
| D&A | $2M |
| EBIT | -$56M |
| EBITDA | -$53M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$52M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $12M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $298.0K |
| Change in Working Capital | -$20M |
| OPERATING CASH FLOW | -$58M |
| Capital Expenditure | -$155.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$155.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $216M |
| FREE CASH FLOW | -$58M |
| Net Change in Cash | $157M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $227M |
| Short-Term Investments | $0 |
| Net Receivables | $14M |
| Inventory | $25M |
| Other Current Assets | -$23M |
| TOTAL CURRENT ASSETS | $247M |
| PP&E (Net) | $4M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $26M |
| TOTAL NON-CURRENT ASSETS | $29M |
| TOTAL ASSETS | $277M |
| Account Payables | $14M |
| Short-Term Debt | $1M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $19M |
| TOTAL CURRENT LIABILITIES | $34M |
| Long-Term Debt | $1M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $1M |
| TOTAL LIABILITIES | $35M |
| Common Stock | $28.0K |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | -$954M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$41.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $242M |
| Minority Interest | $0 |
| TOTAL EQUITY | $242M |
| TOTAL LIABILITIES & EQUITY | $277M |
| Total Debt | $2M |
| Net Debt | -$224M |
