| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $67M | — | $54M | — | 25.2% |
| Op. Income | -$304M | — | -$193M | — | -57.2% |
| Gross Margin | 99.9% | — | 100.0% | — | -0.1pp |
| Net Margin | -412.9% | — | -322.9% | — | -90.1pp |
| EPS (Diluted) | $-3.18 | — | $-2.02 | — | -57.4% |
| Free Cash Flow | -$71M | — | $134M | — | -152.8% |
| Item | Amount |
|---|---|
| REVENUE | $67M |
| Cost of Revenue | $57.0K |
| GROSS PROFIT | $67M |
| R&D Expenses | $251M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $120M |
| Other Expenses | $0 |
| Operating Expenses | $371M |
| Cost & Expenses | $371M |
| OPERATING INCOME | -$304M |
| Interest Income | $27M |
| Interest Expense | $2M |
| Other Income/Expenses | $25M |
| INCOME BEFORE TAX | -$278M |
| Income Tax Expense | $297.0K |
| Net Income from Continuing Ops | -$279M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$279M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$279M |
| D&A | $1M |
| EBIT | -$304M |
| EBITDA | -$304M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$279M |
| Depreciation & Amortization | -$7M |
| Stock-Based Compensation | $37M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $515.0K |
| Change in Working Capital | $184M |
| OPERATING CASH FLOW | -$64M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$762M |
| Sales/Maturities of Investments | $755M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$13M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | -$71M |
| Net Change in Cash | -$75M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $149M |
| Short-Term Investments | $518M |
| Net Receivables | $13M |
| Inventory | $413.0K |
| Other Current Assets | $28M |
| TOTAL CURRENT ASSETS | $709M |
| PP&E (Net) | $15M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $15M |
| TOTAL NON-CURRENT ASSETS | $30M |
| TOTAL ASSETS | $738M |
| Account Payables | $5M |
| Short-Term Debt | $1M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $110M |
| TOTAL CURRENT LIABILITIES | $117M |
| Long-Term Debt | $10M |
| Deferred Revenue NC | $425M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $447M |
| TOTAL LIABILITIES | $564M |
| Common Stock | $9.0K |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | -$1.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $174M |
| Minority Interest | $0 |
| TOTAL EQUITY | $174M |
| TOTAL LIABILITIES & EQUITY | $738M |
| Total Debt | $20M |
| Net Debt | -$129M |
