| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $26M | — | $27M | — | -3.6% |
| Op. Income | -$75M | — | -$110M | — | 31.6% |
| Gross Margin | -17.3% | — | -48.0% | — | 30.7pp |
| Net Margin | -292.6% | — | -352.7% | — | 60.1pp |
| EPS (Diluted) | $-0.37 | — | $-0.46 | — | 19.6% |
| Free Cash Flow | -$57M | — | -$102M | — | 43.7% |
| Item | Amount |
|---|---|
| REVENUE | $26M |
| Cost of Revenue | $30M |
| GROSS PROFIT | -$4M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $71M |
| Other Expenses | $0 |
| Operating Expenses | $71M |
| Cost & Expenses | $101M |
| OPERATING INCOME | -$75M |
| Interest Income | $1M |
| Interest Expense | $255.0K |
| Other Income/Expenses | $559.0K |
| INCOME BEFORE TAX | -$75M |
| Income Tax Expense | $189.0K |
| Net Income from Continuing Ops | -$75M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$75M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$75M |
| D&A | $10M |
| EBIT | -$75M |
| EBITDA | -$65M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$75M |
| Depreciation & Amortization | $10M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $32.0K |
| Other Non-Cash Items | $4M |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | -$54M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | $75M |
| Common Stock Repurchased | -$1M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $76M |
| FREE CASH FLOW | -$57M |
| Net Change in Cash | $18M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $83M |
| Short-Term Investments | $0 |
| Net Receivables | $4M |
| Inventory | $15M |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $105M |
| PP&E (Net) | $28M |
| Goodwill | $8M |
| Intangible Assets | $804.0K |
| Long-Term Investments | $0 |
| Tax Assets | $6.0K |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $42M |
| TOTAL ASSETS | $146M |
| Account Payables | $9M |
| Short-Term Debt | $1M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $12M |
| TOTAL CURRENT LIABILITIES | $23M |
| Long-Term Debt | $74M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $149.0K |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $78M |
| TOTAL LIABILITIES | $100M |
| Common Stock | $20.0K |
| Additional Paid-In Capital | $351M |
| Retained Earnings | -$301M |
| Treasury Stock | -$4M |
| Accum. Other Comp. Income | -$17.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $46M |
| Minority Interest | $0 |
| TOTAL EQUITY | $46M |
| TOTAL LIABILITIES & EQUITY | $146M |
| Total Debt | $76M |
| Net Debt | -$7M |
