| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1M | — | $2M | — | -47.5% |
| Op. Income | -$27M | — | -$30M | — | 8.2% |
| Gross Margin | 99.8% | — | 96.9% | — | 2.9pp |
| Net Margin | -2755.4% | — | -1653.1% | — | -1102.3pp |
| EPS (Diluted) | $-49.10 | — | $-39.44 | — | -24.5% |
| Free Cash Flow | -$23M | — | -$17M | — | -39.8% |
| Item | Amount |
|---|---|
| REVENUE | $1M |
| Cost of Revenue | $2.0K |
| GROSS PROFIT | $1M |
| R&D Expenses | $9M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $19M |
| Other Expenses | $0 |
| Operating Expenses | $28M |
| Cost & Expenses | $28M |
| OPERATING INCOME | -$27M |
| Interest Income | $57.0K |
| Interest Expense | -$677.0K |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | -$31M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$31M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$31M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$31M |
| D&A | $2M |
| EBIT | -$30M |
| EBITDA | -$26M |
| EPS | -$49 |
| EPS Diluted | -$49 |
| Item | Amount |
|---|---|
| Net Income | -$30M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $5M |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | -$23M |
| Capital Expenditure | -$12.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$12.0K |
| Net Debt Issuance | $57.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$425.0K |
| NET CASH FROM FINANCING | $35M |
| FREE CASH FLOW | -$23M |
| Net Change in Cash | $11M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $13M |
| Short-Term Investments | $0 |
| Net Receivables | $100.0K |
| Inventory | $0 |
| Other Current Assets | $9M |
| TOTAL CURRENT ASSETS | $22M |
| PP&E (Net) | $9M |
| Goodwill | $0 |
| Intangible Assets | $201.0K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $9M |
| TOTAL NON-CURRENT ASSETS | $18M |
| TOTAL ASSETS | $40M |
| Account Payables | $4M |
| Short-Term Debt | $3M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $8M |
| TOTAL CURRENT LIABILITIES | $16M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $120.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3.0K |
| TOTAL NON-CURRENT LIABILITIES | $7M |
| TOTAL LIABILITIES | $23M |
| Common Stock | $0 |
| Additional Paid-In Capital | $456M |
| Retained Earnings | -$439M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $17M |
| Minority Interest | $0 |
| TOTAL EQUITY | $17M |
| TOTAL LIABILITIES & EQUITY | $40M |
| Total Debt | $11M |
| Net Debt | -$2M |
