| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $521M | — | $337M | — | 54.7% |
| Op. Income | -$22M | — | -$88M | — | 74.7% |
| Gross Margin | 80.7% | — | 75.8% | — | 4.9pp |
| Net Margin | -4.5% | — | -26.1% | — | 21.6pp |
| EPS (Diluted) | $-0.47 | — | $-1.85 | — | 74.6% |
| Free Cash Flow | $55M | — | $9M | — | 488.0% |
| Item | Amount |
|---|---|
| REVENUE | $521M |
| Cost of Revenue | $101M |
| GROSS PROFIT | $421M |
| R&D Expenses | $186M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $257M |
| Other Expenses | $0 |
| Operating Expenses | $443M |
| Cost & Expenses | $543M |
| OPERATING INCOME | -$22M |
| Interest Income | $13M |
| Interest Expense | $14M |
| Other Income/Expenses | $709.0K |
| INCOME BEFORE TAX | -$21M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$23M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$23M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$23M |
| D&A | $24M |
| EBIT | -$7M |
| EBITDA | $17M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$23M |
| Depreciation & Amortization | $24M |
| Stock-Based Compensation | $71M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$20M |
| OPERATING CASH FLOW | $56M |
| Capital Expenditure | -$954.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$97M |
| Sales/Maturities of Investments | $74M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$24M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $40M |
| FREE CASH FLOW | $55M |
| Net Change in Cash | $75M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $297M |
| Short-Term Investments | $87M |
| Net Receivables | $123M |
| Inventory | $25M |
| Other Current Assets | $18M |
| TOTAL CURRENT ASSETS | $550M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $261M |
| Long-Term Investments | $8M |
| Tax Assets | $0 |
| Other Non-Current Assets | $24M |
| TOTAL NON-CURRENT ASSETS | $293M |
| TOTAL ASSETS | $843M |
| Account Payables | $10M |
| Short-Term Debt | $2M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $147M |
| TOTAL CURRENT LIABILITIES | $206M |
| Long-Term Debt | $310M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $5M |
| TOTAL NON-CURRENT LIABILITIES | $322M |
| TOTAL LIABILITIES | $528M |
| Common Stock | $5.0K |
| Additional Paid-In Capital | $982M |
| Retained Earnings | -$668M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $351.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $315M |
| Minority Interest | $0 |
| TOTAL EQUITY | $315M |
| TOTAL LIABILITIES & EQUITY | $843M |
| Total Debt | $319M |
| Net Debt | $23M |
