| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $90M | — | $84M | — | 8.0% |
| Op. Income | -$54M | — | -$58M | — | 7.0% |
| Gross Margin | 74.2% | — | 74.0% | — | 0.2pp |
| Net Margin | -59.7% | — | -67.3% | — | 7.6pp |
| EPS (Diluted) | $-1.33 | — | $-1.44 | — | 7.6% |
| Free Cash Flow | -$33M | — | -$33M | — | 0.3% |
| Item | Amount |
|---|---|
| REVENUE | $90M |
| Cost of Revenue | $23M |
| GROSS PROFIT | $67M |
| R&D Expenses | $19M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $101M |
| Other Expenses | $0 |
| Operating Expenses | $121M |
| Cost & Expenses | $144M |
| OPERATING INCOME | -$54M |
| Interest Income | $3M |
| Interest Expense | $3M |
| Other Income/Expenses | $286.0K |
| INCOME BEFORE TAX | -$53M |
| Income Tax Expense | $626.0K |
| Net Income from Continuing Ops | -$54M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$54M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$54M |
| D&A | $1M |
| EBIT | -$54M |
| EBITDA | -$53M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$54M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $22M |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | -$32M |
| Capital Expenditure | -$452.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$6M |
| Sales/Maturities of Investments | $37M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $30M |
| Net Debt Issuance | -$100.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $903.0K |
| FREE CASH FLOW | -$33M |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $70M |
| Short-Term Investments | $0 |
| Net Receivables | $12M |
| Inventory | $16M |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $102M |
| PP&E (Net) | $20M |
| Goodwill | $2M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $28M |
| TOTAL ASSETS | $129M |
| Account Payables | $4M |
| Short-Term Debt | $1M |
| Deferred Revenue | $18.0K |
| Other Current Liabilities | $15M |
| TOTAL CURRENT LIABILITIES | $20M |
| Long-Term Debt | $37M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $69.0K |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $55M |
| TOTAL LIABILITIES | $75M |
| Common Stock | $42.0K |
| Additional Paid-In Capital | $573M |
| Retained Earnings | -$522M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $54M |
| Minority Interest | $0 |
| TOTAL EQUITY | $54M |
| TOTAL LIABILITIES & EQUITY | $129M |
| Total Debt | $56M |
| Net Debt | -$14M |
