| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $85M | — | $174M | — | -51.1% |
| Op. Income | -$93M | — | -$175M | — | 46.8% |
| Gross Margin | 49.9% | — | 48.3% | — | 1.5pp |
| Net Margin | -87.8% | — | -79.6% | — | -8.1pp |
| EPS (Diluted) | $-0.20 | — | $-0.52 | — | 61.5% |
| Free Cash Flow | -$83M | — | -$152M | — | 45.6% |
| Item | Amount |
|---|---|
| REVENUE | $85M |
| Cost of Revenue | $43M |
| GROSS PROFIT | $43M |
| R&D Expenses | $26M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $110M |
| Other Expenses | $0 |
| Operating Expenses | $136M |
| Cost & Expenses | $179M |
| OPERATING INCOME | -$93M |
| Interest Income | $9M |
| Interest Expense | $26.0K |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | -$97M |
| Income Tax Expense | -$38M |
| Net Income from Continuing Ops | -$59M |
| Net Income from Discontinued Ops | -$16M |
| Other Adjustments | $0 |
| NET INCOME | -$75M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$75M |
| D&A | $2M |
| EBIT | -$97M |
| EBITDA | -$95M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$75M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $30M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $14M |
| Change in Working Capital | -$45M |
| OPERATING CASH FLOW | -$74M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$141M |
| Sales/Maturities of Investments | $179M |
| Other Investing Activities | -$5M |
| NET CASH FROM INVESTING | $25M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$484.0K |
| NET CASH FROM FINANCING | $570.0K |
| FREE CASH FLOW | -$83M |
| Net Change in Cash | -$48M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $118M |
| Short-Term Investments | $69M |
| Net Receivables | $13M |
| Inventory | $20M |
| Other Current Assets | $233M |
| TOTAL CURRENT ASSETS | $454M |
| PP&E (Net) | $46M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $26M |
| Tax Assets | $39M |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $113M |
| TOTAL ASSETS | $568M |
| Account Payables | $5M |
| Short-Term Debt | $5M |
| Deferred Revenue | $39M |
| Other Current Liabilities | $58M |
| TOTAL CURRENT LIABILITIES | $108M |
| Long-Term Debt | $299.0K |
| Deferred Revenue NC | $4M |
| Deferred Tax Liabilities | $810.0K |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $35M |
| TOTAL LIABILITIES | $143M |
| Common Stock | $404.0K |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | -$1.3B |
| Treasury Stock | -$46M |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $424M |
| Minority Interest | $0 |
| TOTAL EQUITY | $424M |
| TOTAL LIABILITIES & EQUITY | $568M |
| Total Debt | $31M |
| Net Debt | -$87M |
