| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $35M | — | -$8M | — | 512.3% |
| Op. Income | -$13M | — | -$80M | — | 84.2% |
| Gross Margin | 100.0% | — | 100.0% | — | 0.0pp |
| Net Margin | -80.8% | — | 947.6% | — | -1028.4pp |
| EPS (Diluted) | $-0.58 | — | $-1.68 | — | 65.3% |
| Free Cash Flow | -$40M | — | -$24M | — | -66.5% |
| Item | Amount |
|---|---|
| REVENUE | $35M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $35M |
| R&D Expenses | $27M |
| Selling & Marketing | $0 |
| General & Administrative | $24M |
| SG&A Expenses | $24M |
| Other Expenses | -$3M |
| Operating Expenses | $47M |
| Cost & Expenses | $47M |
| OPERATING INCOME | -$13M |
| Interest Income | $1M |
| Interest Expense | $12M |
| Other Income/Expenses | -$15M |
| INCOME BEFORE TAX | -$28M |
| Income Tax Expense | $3.5K |
| Net Income from Continuing Ops | -$28M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$28M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$28M |
| D&A | $2M |
| EBIT | -$16M |
| EBITDA | -$14M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$28M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $3.5K |
| Other Non-Cash Items | -$13M |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | -$39M |
| Capital Expenditure | -$638.4K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$46.8K |
| NET CASH FROM INVESTING | -$675.8K |
| Net Debt Issuance | $45M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | $44M |
| FREE CASH FLOW | -$40M |
| Net Change in Cash | $4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $62M |
| Short-Term Investments | $0 |
| Net Receivables | $9M |
| Inventory | $0 |
| Other Current Assets | $2.3K |
| TOTAL CURRENT ASSETS | $73M |
| PP&E (Net) | $5M |
| Goodwill | $0 |
| Intangible Assets | $11.7K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $507.4K |
| TOTAL NON-CURRENT ASSETS | $6M |
| TOTAL ASSETS | $79M |
| Account Payables | $8M |
| Short-Term Debt | $4M |
| Deferred Revenue | $42M |
| Other Current Liabilities | $502.7K |
| TOTAL CURRENT LIABILITIES | $67M |
| Long-Term Debt | $104M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $111M |
| TOTAL LIABILITIES | $178M |
| Common Stock | $2M |
| Additional Paid-In Capital | $368M |
| Retained Earnings | -$28M |
| Treasury Stock | -$266.6K |
| Accum. Other Comp. Income | -$440M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$99M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$99M |
| TOTAL LIABILITIES & EQUITY | $79M |
| Total Debt | $111M |
| Net Debt | $50M |
