| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $48M | — | $38M | — | 26.8% |
| Op. Income | -$63M | — | -$59M | — | -6.2% |
| Gross Margin | 12.1% | — | 10.7% | — | 1.4pp |
| Net Margin | -196.0% | — | -314.4% | — | 118.4pp |
| EPS (Diluted) | $-5.61 | — | $-14.14 | — | 60.3% |
| Free Cash Flow | -$42M | — | -$110M | — | 61.7% |
| Item | Amount |
|---|---|
| REVENUE | $48M |
| Cost of Revenue | $43M |
| GROSS PROFIT | $6M |
| R&D Expenses | $26M |
| Selling & Marketing | $9M |
| General & Administrative | $34M |
| SG&A Expenses | $43M |
| Other Expenses | $0 |
| Operating Expenses | $68M |
| Cost & Expenses | $111M |
| OPERATING INCOME | -$63M |
| Interest Income | $0 |
| Interest Expense | $32M |
| Other Income/Expenses | -$32M |
| INCOME BEFORE TAX | -$95M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$95M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$95M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$95M |
| D&A | $23M |
| EBIT | -$59M |
| EBITDA | -$35M |
| EPS | -$6 |
| EPS Diluted | -$6 |
| Item | Amount |
|---|---|
| Net Income | -$94M |
| Depreciation & Amortization | $20M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $39M |
| Change in Working Capital | $255.0K |
| OPERATING CASH FLOW | -$30M |
| Capital Expenditure | -$12M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$12M |
| Net Debt Issuance | $22M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | $45M |
| FREE CASH FLOW | -$42M |
| Net Change in Cash | $3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4M |
| Short-Term Investments | $0 |
| Net Receivables | $2M |
| Inventory | $7M |
| Other Current Assets | $8M |
| TOTAL CURRENT ASSETS | $22M |
| PP&E (Net) | $358M |
| Goodwill | $0 |
| Intangible Assets | $31M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $388M |
| TOTAL ASSETS | $410M |
| Account Payables | $12M |
| Short-Term Debt | $202.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $4M |
| TOTAL CURRENT LIABILITIES | $16M |
| Long-Term Debt | $483M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $26M |
| TOTAL NON-CURRENT LIABILITIES | $561M |
| TOTAL LIABILITIES | $577M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $351M |
| Retained Earnings | -$518M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$166M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$166M |
| TOTAL LIABILITIES & EQUITY | $410M |
| Total Debt | $536M |
| Net Debt | $531M |
