| Metric | FY 2024 | Prior Q | FY 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $60M | — | $50M | — | 18.7% |
| Op. Income | -$77M | — | -$43M | — | -79.4% |
| Gross Margin | 50.2% | — | 50.4% | — | -0.2pp |
| Net Margin | -121.1% | — | -72.5% | — | -48.6pp |
| EPS (Diluted) | $-2.12 | — | $-1.13 | — | -87.6% |
| Free Cash Flow | -$31M | — | -$27M | — | -13.8% |
| Item | Amount |
|---|---|
| REVENUE | $60M |
| Cost of Revenue | $30M |
| GROSS PROFIT | $30M |
| R&D Expenses | $25M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $81M |
| Operating Expenses | $107M |
| Cost & Expenses | $136M |
| OPERATING INCOME | -$77M |
| Interest Income | $4M |
| Interest Expense | $0 |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | -$72M |
| Income Tax Expense | -$282.0K |
| Net Income from Continuing Ops | -$72M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$72M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$72M |
| D&A | $5M |
| EBIT | -$49M |
| EBITDA | -$44M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$72M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $12M |
| Deferred Income Tax | -$283.0K |
| Other Non-Cash Items | $28M |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | -$30M |
| Capital Expenditure | -$602.0K |
| Acquisitions (Net) | -$45M |
| Purchases of Investments | -$56M |
| Sales/Maturities of Investments | $55M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$46M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$376.0K |
| FREE CASH FLOW | -$31M |
| Net Change in Cash | -$77M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $44M |
| Short-Term Investments | $26M |
| Net Receivables | $13M |
| Inventory | $16M |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $103M |
| PP&E (Net) | $10M |
| Goodwill | $0 |
| Intangible Assets | $45M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $829.0K |
| TOTAL NON-CURRENT ASSETS | $56M |
| TOTAL ASSETS | $159M |
| Account Payables | $2M |
| Short-Term Debt | $2M |
| Deferred Revenue | $12M |
| Other Current Liabilities | $9M |
| TOTAL CURRENT LIABILITIES | $25M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $11M |
| Deferred Tax Liabilities | $2M |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $20M |
| TOTAL LIABILITIES | $45M |
| Common Stock | $35.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$243M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $1M |
| Other Equity | $356M |
| TOTAL STOCKHOLDERS' EQUITY | $115M |
| Minority Interest | $0 |
| TOTAL EQUITY | $115M |
| TOTAL LIABILITIES & EQUITY | $159M |
| Total Debt | $7M |
| Net Debt | -$37M |
