| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $81M | — | $33M | — | 144.6% |
| Op. Income | -$106M | — | -$164M | — | 35.5% |
| Gross Margin | 94.0% | — | 28.5% | — | 65.5pp |
| Net Margin | -140.3% | — | -444.1% | — | 303.8pp |
| EPS (Diluted) | $-1.42 | — | $-2.12 | — | 33.0% |
| Free Cash Flow | -$50M | — | -$109M | — | 54.1% |
| Item | Amount |
|---|---|
| REVENUE | $81M |
| Cost of Revenue | $5M |
| GROSS PROFIT | $77M |
| R&D Expenses | $130M |
| Selling & Marketing | $0 |
| General & Administrative | $53M |
| SG&A Expenses | $53M |
| Other Expenses | $0 |
| Operating Expenses | $183M |
| Cost & Expenses | $187M |
| OPERATING INCOME | -$106M |
| Interest Income | $2M |
| Interest Expense | $12M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | -$114M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$114M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$114M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$114M |
| D&A | $0 |
| EBIT | -$106M |
| EBITDA | -$106M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$114M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $22M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $5M |
| Change in Working Capital | $28M |
| OPERATING CASH FLOW | -$46M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$281.0K |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | -$29.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | $12M |
| FREE CASH FLOW | -$50M |
| Net Change in Cash | -$37M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $66M |
| Short-Term Investments | $0 |
| Net Receivables | $3M |
| Inventory | $0 |
| Other Current Assets | $23M |
| TOTAL CURRENT ASSETS | $92M |
| PP&E (Net) | $142M |
| Goodwill | $0 |
| Intangible Assets | $578.0K |
| Long-Term Investments | $7M |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $153M |
| TOTAL ASSETS | $244M |
| Account Payables | $10M |
| Short-Term Debt | $28M |
| Deferred Revenue | $2M |
| Other Current Liabilities | $83M |
| TOTAL CURRENT LIABILITIES | $123M |
| Long-Term Debt | $50M |
| Deferred Revenue NC | $65M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $128M |
| TOTAL LIABILITIES | $250M |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $808M |
| Retained Earnings | -$816M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$6M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$6M |
| TOTAL LIABILITIES & EQUITY | $244M |
| Total Debt | $89M |
| Net Debt | $23M |
