| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $73M | — | $24M | — | 202.1% |
| Op. Income | -$47M | — | -$46M | — | -0.8% |
| Gross Margin | 11.3% | — | -75.8% | — | 87.2pp |
| Net Margin | -60.3% | — | -184.8% | — | 124.5pp |
| EPS (Diluted) | $-0.35 | — | $-0.45 | — | 22.2% |
| Free Cash Flow | -$36M | — | -$37M | — | 2.8% |
| Item | Amount |
|---|---|
| REVENUE | $73M |
| Cost of Revenue | $65M |
| GROSS PROFIT | $8M |
| R&D Expenses | $9M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $23M |
| Other Expenses | $23M |
| Operating Expenses | $55M |
| Cost & Expenses | $120M |
| OPERATING INCOME | -$47M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | -$44M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$44M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$44M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$44M |
| D&A | $0 |
| EBIT | $0 |
| EBITDA | -$47M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$44M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | -$31M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $71M |
| NET CASH FROM FINANCING | $71M |
| FREE CASH FLOW | -$36M |
| Net Change in Cash | $36M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $90M |
| Short-Term Investments | $0 |
| Net Receivables | $24M |
| Inventory | $7M |
| Other Current Assets | $6M |
| TOTAL CURRENT ASSETS | $126M |
| PP&E (Net) | $29M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $30M |
| TOTAL ASSETS | $157M |
| Account Payables | $7M |
| Short-Term Debt | $5M |
| Deferred Revenue | $100.0K |
| Other Current Liabilities | $13M |
| TOTAL CURRENT LIABILITIES | $18M |
| Long-Term Debt | $35M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $35M |
| TOTAL LIABILITIES | $53M |
| Common Stock | $13.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$218M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $4.0K |
| Other Equity | $322M |
| TOTAL STOCKHOLDERS' EQUITY | $104M |
| Minority Interest | $0 |
| TOTAL EQUITY | $104M |
| TOTAL LIABILITIES & EQUITY | $157M |
| Total Debt | $40M |
| Net Debt | -$51M |
