| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $158M | — | $14M | — | 1031.2% |
| Op. Income | -$51M | — | -$121M | — | 57.6% |
| Gross Margin | 97.2% | — | 58.0% | — | 39.2pp |
| Net Margin | -43.5% | — | -931.7% | — | 888.1pp |
| EPS (Diluted) | $-0.80 | — | $-1.66 | — | 51.8% |
| Free Cash Flow | -$40M | — | -$98M | — | 59.3% |
| Item | Amount |
|---|---|
| REVENUE | $158M |
| Cost of Revenue | $4M |
| GROSS PROFIT | $154M |
| R&D Expenses | $39M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $157M |
| Other Expenses | $9M |
| Operating Expenses | $205M |
| Cost & Expenses | $210M |
| OPERATING INCOME | -$51M |
| Interest Income | $7M |
| Interest Expense | $24M |
| Other Income/Expenses | -$18M |
| INCOME BEFORE TAX | -$69M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$69M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$69M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$69M |
| D&A | $2M |
| EBIT | -$51M |
| EBITDA | -$50M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$69M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $29M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $26M |
| Change in Working Capital | -$24M |
| OPERATING CASH FLOW | -$36M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$6M |
| Net Debt Issuance | $54M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $1M |
| NET CASH FROM FINANCING | $60M |
| FREE CASH FLOW | -$40M |
| Net Change in Cash | $14M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $191M |
| Short-Term Investments | $0 |
| Net Receivables | $54M |
| Inventory | $0 |
| Other Current Assets | -$54M |
| TOTAL CURRENT ASSETS | $191M |
| PP&E (Net) | $0 |
| Goodwill | $4M |
| Intangible Assets | $3M |
| Long-Term Investments | $4M |
| Tax Assets | $0 |
| Other Non-Current Assets | $127M |
| TOTAL NON-CURRENT ASSETS | $137M |
| TOTAL ASSETS | $328M |
| Account Payables | $4M |
| Short-Term Debt | $59M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $73M |
| TOTAL CURRENT LIABILITIES | $136M |
| Long-Term Debt | $133M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $4M |
| Other Non-Current Liabilities | $5M |
| TOTAL NON-CURRENT LIABILITIES | $147M |
| TOTAL LIABILITIES | $283M |
| Common Stock | $87.0K |
| Additional Paid-In Capital | $671M |
| Retained Earnings | -$626M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $45M |
| Minority Interest | $0 |
| TOTAL EQUITY | $45M |
| TOTAL LIABILITIES & EQUITY | $328M |
| Total Debt | $198M |
| Net Debt | $7M |
