| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $46M | — | $83M | — | -44.9% |
| Op. Income | -$87M | — | -$131M | — | 33.2% |
| Gross Margin | 31.0% | — | 34.0% | — | -3.0pp |
| Net Margin | -254.7% | — | -101.6% | — | -153.2pp |
| EPS (Diluted) | $-0.57 | — | $-0.46 | — | -23.9% |
| Free Cash Flow | -$44M | — | -$66M | — | 32.4% |
| Item | Amount |
|---|---|
| REVENUE | $46M |
| Cost of Revenue | $32M |
| GROSS PROFIT | $14M |
| R&D Expenses | $50M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $33M |
| Other Expenses | $19M |
| Operating Expenses | $102M |
| Cost & Expenses | $133M |
| OPERATING INCOME | -$87M |
| Interest Income | $0 |
| Interest Expense | $863.0K |
| Other Income/Expenses | -$30M |
| INCOME BEFORE TAX | -$117M |
| Income Tax Expense | $50.0K |
| Net Income from Continuing Ops | -$117M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$117M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$117M |
| D&A | $22M |
| EBIT | -$116M |
| EBITDA | -$94M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$117M |
| Depreciation & Amortization | $22M |
| Stock-Based Compensation | $14M |
| Deferred Income Tax | -$36.0K |
| Other Non-Cash Items | $20M |
| Change in Working Capital | $17M |
| OPERATING CASH FLOW | -$43M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $92.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | -$206.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $195M |
| FREE CASH FLOW | -$44M |
| Net Change in Cash | $150M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $237M |
| Short-Term Investments | $0 |
| Net Receivables | $4M |
| Inventory | $13M |
| Other Current Assets | $6M |
| TOTAL CURRENT ASSETS | $260M |
| PP&E (Net) | $16M |
| Goodwill | $163M |
| Intangible Assets | $53M |
| Long-Term Investments | $8M |
| Tax Assets | $0 |
| Other Non-Current Assets | $580.0K |
| TOTAL NON-CURRENT ASSETS | $241M |
| TOTAL ASSETS | $500M |
| Account Payables | $22M |
| Short-Term Debt | $2M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $28M |
| TOTAL CURRENT LIABILITIES | $52M |
| Long-Term Debt | $4M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $405.0K |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $5M |
| TOTAL LIABILITIES | $57M |
| Common Stock | $26.0K |
| Additional Paid-In Capital | $945M |
| Retained Earnings | -$502M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$7.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $444M |
| Minority Interest | $0 |
| TOTAL EQUITY | $444M |
| TOTAL LIABILITIES & EQUITY | $500M |
| Total Debt | $6M |
| Net Debt | -$230M |
