| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $261M | — | $199M | — | 31.6% |
| Op. Income | -$27M | — | -$66M | — | 59.5% |
| Gross Margin | 29.8% | — | 16.6% | — | 13.2pp |
| Net Margin | -9.0% | — | -30.6% | — | 21.6pp |
| EPS (Diluted) | $-0.48 | — | $-1.27 | — | 62.2% |
| Free Cash Flow | $12M | — | -$10M | — | 219.5% |
| Item | Amount |
|---|---|
| REVENUE | $261M |
| Cost of Revenue | $183M |
| GROSS PROFIT | $78M |
| R&D Expenses | $48M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $54M |
| Other Expenses | $2M |
| Operating Expenses | $105M |
| Cost & Expenses | $288M |
| OPERATING INCOME | -$27M |
| Interest Income | $5M |
| Interest Expense | $2M |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | -$23M |
| Income Tax Expense | $699.0K |
| Net Income from Continuing Ops | -$23M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$23M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$23M |
| D&A | $908.0K |
| EBIT | -$21M |
| EBITDA | -$20M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$23M |
| Depreciation & Amortization | $12M |
| Stock-Based Compensation | $33M |
| Deferred Income Tax | $159.0K |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | $622.0K |
| OPERATING CASH FLOW | $21M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$79M |
| Sales/Maturities of Investments | $78M |
| Other Investing Activities | $542.0K |
| NET CASH FROM INVESTING | -$9M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $20M |
| NET CASH FROM FINANCING | $20M |
| FREE CASH FLOW | $12M |
| Net Change in Cash | $33M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $99M |
| Short-Term Investments | $35M |
| Net Receivables | $51M |
| Inventory | $45M |
| Other Current Assets | $13M |
| TOTAL CURRENT ASSETS | $243M |
| PP&E (Net) | $57M |
| Goodwill | $12M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $3M |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $75M |
| TOTAL ASSETS | $318M |
| Account Payables | $21M |
| Short-Term Debt | $23M |
| Deferred Revenue | $1M |
| Other Current Liabilities | $4M |
| TOTAL CURRENT LIABILITIES | $64M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $6M |
| Deferred Tax Liabilities | $3M |
| Other Non-Current Liabilities | $5M |
| TOTAL NON-CURRENT LIABILITIES | $27M |
| TOTAL LIABILITIES | $91M |
| Common Stock | $16.0K |
| Additional Paid-In Capital | $578M |
| Retained Earnings | -$349M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $227M |
| Minority Interest | $0 |
| TOTAL EQUITY | $227M |
| TOTAL LIABILITIES & EQUITY | $318M |
| Total Debt | $36M |
| Net Debt | -$62M |
