| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $146M | — | $145M | — | 0.6% |
| Op. Income | -$91M | — | -$119M | — | 24.1% |
| Gross Margin | 95.9% | — | 95.9% | — | 0.1pp |
| Net Margin | -134.2% | — | -52.6% | — | -81.6pp |
| EPS (Diluted) | $-17.93 | — | $-9.41 | — | -90.5% |
| Free Cash Flow | -$75M | — | -$128M | — | 40.9% |
| Item | Amount |
|---|---|
| REVENUE | $146M |
| Cost of Revenue | $6M |
| GROSS PROFIT | $140M |
| R&D Expenses | $126M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $105M |
| Other Expenses | $0 |
| Operating Expenses | $231M |
| Cost & Expenses | $237M |
| OPERATING INCOME | -$91M |
| Interest Income | $3M |
| Interest Expense | $46M |
| Other Income/Expenses | -$105M |
| INCOME BEFORE TAX | -$196M |
| Income Tax Expense | $43.0K |
| Net Income from Continuing Ops | -$196M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$196M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$196M |
| D&A | $296.0K |
| EBIT | -$91M |
| EBITDA | -$90M |
| EPS | -$18 |
| EPS Diluted | -$18 |
| Item | Amount |
|---|---|
| Net Income | -$196M |
| Depreciation & Amortization | -$114.0K |
| Stock-Based Compensation | $14M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $78M |
| Change in Working Capital | $28M |
| OPERATING CASH FLOW | -$75M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $43M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $43M |
| Net Debt Issuance | $21M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $30M |
| FREE CASH FLOW | -$75M |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $61M |
| Short-Term Investments | $3M |
| Net Receivables | $26M |
| Inventory | $4M |
| Other Current Assets | $9M |
| TOTAL CURRENT ASSETS | $103M |
| PP&E (Net) | $5M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $351.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $267.0K |
| TOTAL NON-CURRENT ASSETS | $5M |
| TOTAL ASSETS | $108M |
| Account Payables | $4M |
| Short-Term Debt | $21M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $66M |
| TOTAL CURRENT LIABILITIES | $92M |
| Long-Term Debt | $206M |
| Deferred Revenue NC | $72M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $25M |
| TOTAL NON-CURRENT LIABILITIES | $309M |
| TOTAL LIABILITIES | $401M |
| Common Stock | $14.0K |
| Additional Paid-In Capital | $1.5B |
| Retained Earnings | -$1.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $71.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$293M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$293M |
| TOTAL LIABILITIES & EQUITY | $108M |
| Total Debt | $234M |
| Net Debt | $173M |
