| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $19M | — | $0 | — | — |
| Op. Income | -$91M | — | -$59M | — | -55.5% |
| Gross Margin | 97.8% | — | — | — | — |
| Net Margin | -430.3% | — | — | — | — |
| EPS (Diluted) | $-2.85 | — | $-2.34 | — | -21.8% |
| Free Cash Flow | -$70M | — | -$60M | — | -16.9% |
| Item | Amount |
|---|---|
| REVENUE | $19M |
| Cost of Revenue | $418.0K |
| GROSS PROFIT | $19M |
| R&D Expenses | $19M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $91M |
| Other Expenses | $0 |
| Operating Expenses | $110M |
| Cost & Expenses | $110M |
| OPERATING INCOME | -$91M |
| Interest Income | $10M |
| Interest Expense | $0 |
| Other Income/Expenses | $10M |
| INCOME BEFORE TAX | -$82M |
| Income Tax Expense | $502.0K |
| Net Income from Continuing Ops | -$82M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$82M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$82M |
| D&A | $287.0K |
| EBIT | -$91M |
| EBITDA | -$91M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$82M |
| Depreciation & Amortization | -$3M |
| Stock-Based Compensation | $13M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $279.0K |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | -$69M |
| Capital Expenditure | -$827.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$281M |
| Sales/Maturities of Investments | $206M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$76M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $150M |
| FREE CASH FLOW | -$70M |
| Net Change in Cash | $5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $25M |
| Short-Term Investments | $267M |
| Net Receivables | $2M |
| Inventory | $0 |
| Other Current Assets | -$2M |
| TOTAL CURRENT ASSETS | $292M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $14M |
| TOTAL NON-CURRENT ASSETS | $14M |
| TOTAL ASSETS | $306M |
| Account Payables | $4M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $17M |
| TOTAL CURRENT LIABILITIES | $21M |
| Long-Term Debt | $350.0K |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $350.0K |
| TOTAL LIABILITIES | $22M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $511M |
| Retained Earnings | -$227M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $242.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $284M |
| Minority Interest | $0 |
| TOTAL EQUITY | $284M |
| TOTAL LIABILITIES & EQUITY | $306M |
| Total Debt | $350.0K |
| Net Debt | -$25M |
