| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $55M | — | $98M | — | -43.9% |
| Op. Income | -$131M | — | -$105M | — | -24.3% |
| Gross Margin | 100.0% | — | 68.8% | — | 31.2pp |
| Net Margin | -297.1% | — | -120.9% | — | -176.2pp |
| EPS (Diluted) | $-9.73 | — | $-8.68 | — | -12.1% |
| Free Cash Flow | -$209M | — | -$177M | — | -17.8% |
| Item | Amount |
|---|---|
| REVENUE | $55M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $55M |
| R&D Expenses | $117M |
| Selling & Marketing | $0 |
| General & Administrative | $69M |
| SG&A Expenses | $69M |
| Other Expenses | $0 |
| Operating Expenses | $186M |
| Cost & Expenses | $186M |
| OPERATING INCOME | -$131M |
| Interest Income | $10M |
| Interest Expense | $26M |
| Other Income/Expenses | -$33M |
| INCOME BEFORE TAX | -$164M |
| Income Tax Expense | -$138.0K |
| Net Income from Continuing Ops | -$164M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$164M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$164M |
| D&A | $1M |
| EBIT | -$131M |
| EBITDA | -$130M |
| EPS | -$10 |
| EPS Diluted | -$10 |
| Item | Amount |
|---|---|
| Net Income | -$164M |
| Depreciation & Amortization | -$4M |
| Stock-Based Compensation | $13M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$16M |
| Change in Working Capital | -$37M |
| OPERATING CASH FLOW | -$209M |
| Capital Expenditure | -$171.0K |
| Acquisitions (Net) | -$697.0K |
| Purchases of Investments | -$285M |
| Sales/Maturities of Investments | $285M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $181M |
| FREE CASH FLOW | -$209M |
| Net Change in Cash | -$29M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $15M |
| Short-Term Investments | $231M |
| Net Receivables | $2M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $266M |
| PP&E (Net) | $5M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $9M |
| TOTAL NON-CURRENT ASSETS | $14M |
| TOTAL ASSETS | $280M |
| Account Payables | $11M |
| Short-Term Debt | $20M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $22M |
| TOTAL CURRENT LIABILITIES | $54M |
| Long-Term Debt | $63M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $9M |
| TOTAL NON-CURRENT LIABILITIES | $137M |
| TOTAL LIABILITIES | $191M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $3.9B |
| Retained Earnings | -$3.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $17.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $90M |
| Minority Interest | $0 |
| TOTAL EQUITY | $90M |
| TOTAL LIABILITIES & EQUITY | $280M |
| Total Debt | $149M |
| Net Debt | $134M |
