| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $17M | — | $20M | — | -16.1% |
| Op. Income | -$25M | — | -$19M | — | -30.4% |
| Gross Margin | 12.6% | — | 8.8% | — | 3.8pp |
| Net Margin | -140.8% | — | -149.5% | — | 8.7pp |
| EPS (Diluted) | $-2.10 | — | $-3.03 | — | 30.7% |
| Free Cash Flow | -$20M | — | -$20M | — | -0.7% |
| Item | Amount |
|---|---|
| REVENUE | $17M |
| Cost of Revenue | $15M |
| GROSS PROFIT | $2M |
| R&D Expenses | $13M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $14M |
| Other Expenses | $0 |
| Operating Expenses | $27M |
| Cost & Expenses | $42M |
| OPERATING INCOME | -$25M |
| Interest Income | $2M |
| Interest Expense | $663.0K |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$24M |
| Income Tax Expense | $169.0K |
| Net Income from Continuing Ops | -$24M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$24M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$24M |
| D&A | $2M |
| EBIT | -$25M |
| EBITDA | -$24M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$24M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $3M |
| Change in Working Capital | $5M |
| OPERATING CASH FLOW | -$15M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$14M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$20M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | $30M |
| FREE CASH FLOW | -$20M |
| Net Change in Cash | -$4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5M |
| Short-Term Investments | $48M |
| Net Receivables | $2M |
| Inventory | $4M |
| Other Current Assets | $359.0K |
| TOTAL CURRENT ASSETS | $60M |
| PP&E (Net) | $26M |
| Goodwill | $0 |
| Intangible Assets | $33.0K |
| Long-Term Investments | $467.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $26M |
| TOTAL ASSETS | $86M |
| Account Payables | $4M |
| Short-Term Debt | $623.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $18M |
| TOTAL CURRENT LIABILITIES | $26M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $472.0K |
| TOTAL NON-CURRENT LIABILITIES | $9M |
| TOTAL LIABILITIES | $34M |
| Common Stock | $258.0K |
| Additional Paid-In Capital | $272M |
| Retained Earnings | -$229M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$32.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $44M |
| Minority Interest | $0 |
| TOTAL EQUITY | $44M |
| TOTAL LIABILITIES & EQUITY | $86M |
| Total Debt | $9M |
| Net Debt | $4M |
