| Metric | FY 2024 | Prior Q | FY 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $33M | — | $14M | — | 137.4% |
| Op. Income | -$164M | — | -$137M | — | -19.8% |
| Gross Margin | 28.5% | — | 100.0% | — | -71.5pp |
| Net Margin | -444.1% | — | -599.5% | — | 155.4pp |
| EPS (Diluted) | $-2.12 | — | $-1.49 | — | -42.3% |
| Free Cash Flow | -$109M | — | -$126M | — | 12.8% |
| Item | Amount |
|---|---|
| REVENUE | $33M |
| Cost of Revenue | $24M |
| GROSS PROFIT | $9M |
| R&D Expenses | $119M |
| Selling & Marketing | $0 |
| General & Administrative | $54M |
| SG&A Expenses | $54M |
| Other Expenses | $0 |
| Operating Expenses | $174M |
| Cost & Expenses | $197M |
| OPERATING INCOME | -$164M |
| Interest Income | $4M |
| Interest Expense | $13M |
| Other Income/Expenses | $16M |
| INCOME BEFORE TAX | -$148M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$148M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$148M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$148M |
| D&A | $13M |
| EBIT | -$135M |
| EBITDA | -$122M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$148M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $25M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$24M |
| Change in Working Capital | $30M |
| OPERATING CASH FLOW | -$104M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $28M |
| NET CASH FROM INVESTING | $23M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$5M |
| NET CASH FROM FINANCING | $55M |
| FREE CASH FLOW | -$109M |
| Net Change in Cash | -$25M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $104M |
| Short-Term Investments | $0 |
| Net Receivables | $11M |
| Inventory | $385.0K |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $124M |
| PP&E (Net) | $136M |
| Goodwill | $0 |
| Intangible Assets | $821.0K |
| Long-Term Investments | $7M |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $146M |
| TOTAL ASSETS | $270M |
| Account Payables | $24M |
| Short-Term Debt | $0 |
| Deferred Revenue | $5M |
| Other Current Liabilities | $12M |
| TOTAL CURRENT LIABILITIES | $61M |
| Long-Term Debt | $73M |
| Deferred Revenue NC | $58M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $141M |
| TOTAL LIABILITIES | $202M |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $774M |
| Retained Earnings | -$702M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $68M |
| Minority Interest | $0 |
| TOTAL EQUITY | $68M |
| TOTAL LIABILITIES & EQUITY | $270M |
| Total Debt | $85M |
| Net Debt | -$19M |
