| Metric | FY 2024 | Prior Q | FY 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $145M | — | $146M | — | -0.5% |
| Op. Income | -$119M | — | -$130M | — | 7.8% |
| Gross Margin | 95.9% | — | 96.6% | — | -0.8pp |
| Net Margin | -52.6% | — | -98.0% | — | 45.4pp |
| EPS (Diluted) | $-9.41 | — | $-18.79 | — | 49.9% |
| Free Cash Flow | -$128M | — | -$93M | — | -37.6% |
| Item | Amount |
|---|---|
| REVENUE | $145M |
| Cost of Revenue | $6M |
| GROSS PROFIT | $139M |
| R&D Expenses | $143M |
| Selling & Marketing | $0 |
| General & Administrative | $115M |
| SG&A Expenses | $115M |
| Other Expenses | $0 |
| Operating Expenses | $259M |
| Cost & Expenses | $265M |
| OPERATING INCOME | -$119M |
| Interest Income | $7M |
| Interest Expense | $37M |
| Other Income/Expenses | $43M |
| INCOME BEFORE TAX | -$76M |
| Income Tax Expense | $57.0K |
| Net Income from Continuing Ops | -$76M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$76M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$76M |
| D&A | $340.0K |
| EBIT | -$39M |
| EBITDA | -$39M |
| EPS | -$9 |
| EPS Diluted | -$9 |
| Item | Amount |
|---|---|
| Net Income | -$76M |
| Depreciation & Amortization | $340.0K |
| Stock-Based Compensation | $18M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$70M |
| Change in Working Capital | -$302.0K |
| OPERATING CASH FLOW | -$127M |
| Capital Expenditure | -$142.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$59M |
| Sales/Maturities of Investments | $154M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $95M |
| Net Debt Issuance | $83M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$43M |
| NET CASH FROM FINANCING | $42M |
| FREE CASH FLOW | -$128M |
| Net Change in Cash | $10M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $62M |
| Short-Term Investments | $46M |
| Net Receivables | $31M |
| Inventory | $5M |
| Other Current Assets | $12M |
| TOTAL CURRENT ASSETS | $156M |
| PP&E (Net) | $6M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $8M |
| TOTAL ASSETS | $164M |
| Account Payables | $5M |
| Short-Term Debt | $24M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $16M |
| TOTAL CURRENT LIABILITIES | $92M |
| Long-Term Debt | $163M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $89M |
| TOTAL NON-CURRENT LIABILITIES | $258M |
| TOTAL LIABILITIES | $350M |
| Common Stock | $13.0K |
| Additional Paid-In Capital | $1.4B |
| Retained Earnings | -$1.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$356.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$186M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$186M |
| TOTAL LIABILITIES & EQUITY | $164M |
| Total Debt | $195M |
| Net Debt | $132M |
