| Metric | FY 2024 | Prior Q | FY 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $52M | — | $45M | — | 16.8% |
| Op. Income | -$89M | — | -$78M | — | -13.3% |
| Gross Margin | 100.0% | — | -110.9% | — | 210.9pp |
| Net Margin | -149.3% | — | -152.5% | — | 3.2pp |
| EPS (Diluted) | $-2.09 | — | $-1.82 | — | -14.8% |
| Free Cash Flow | -$112M | — | -$101M | — | -10.8% |
| Item | Amount |
|---|---|
| REVENUE | $52M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $52M |
| R&D Expenses | $109M |
| Selling & Marketing | $0 |
| General & Administrative | $32M |
| SG&A Expenses | $32M |
| Other Expenses | $0 |
| Operating Expenses | $141M |
| Cost & Expenses | $141M |
| OPERATING INCOME | -$89M |
| Interest Income | $15M |
| Interest Expense | $0 |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | -$84M |
| Income Tax Expense | -$6M |
| Net Income from Continuing Ops | -$78M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$78M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$78M |
| D&A | $5M |
| EBIT | -$89M |
| EBITDA | -$83M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$78M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $16M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $7M |
| Change in Working Capital | -$60M |
| OPERATING CASH FLOW | -$109M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$306M |
| Sales/Maturities of Investments | $221M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$88M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $84M |
| FREE CASH FLOW | -$112M |
| Net Change in Cash | -$113M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $27M |
| Short-Term Investments | $221M |
| Net Receivables | $1M |
| Inventory | $0 |
| Other Current Assets | $8M |
| TOTAL CURRENT ASSETS | $258M |
| PP&E (Net) | $58M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $3M |
| Tax Assets | $0 |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $67M |
| TOTAL ASSETS | $325M |
| Account Payables | $533.0K |
| Short-Term Debt | $0 |
| Deferred Revenue | $23M |
| Other Current Liabilities | $5M |
| TOTAL CURRENT LIABILITIES | $37M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $10M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $52M |
| TOTAL LIABILITIES | $90M |
| Common Stock | $4.0K |
| Additional Paid-In Capital | $457M |
| Retained Earnings | -$223M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $709.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $235M |
| Minority Interest | $0 |
| TOTAL EQUITY | $235M |
| TOTAL LIABILITIES & EQUITY | $325M |
| Total Debt | $46M |
| Net Debt | $18M |
