| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $862M | — | $824M | — | 4.7% |
| Op. Income | -$68M | — | -$186M | — | 63.6% |
| Gross Margin | 32.1% | — | 28.7% | — | 3.4pp |
| Net Margin | -17.7% | — | -24.5% | — | 6.8pp |
| EPS (Diluted) | $-5.03 | — | $-6.75 | — | 25.5% |
| Free Cash Flow | -$36M | — | -$156M | — | 76.8% |
| Item | Amount |
|---|---|
| REVENUE | $862M |
| Cost of Revenue | $585M |
| GROSS PROFIT | $277M |
| R&D Expenses | $19M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $321M |
| Other Expenses | $6M |
| Operating Expenses | $345M |
| Cost & Expenses | $930M |
| OPERATING INCOME | -$68M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$77M |
| INCOME BEFORE TAX | -$145M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | -$153M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$153M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$153M |
| D&A | $49M |
| EBIT | -$68M |
| EBITDA | -$19M |
| EPS | -$5 |
| EPS Diluted | -$5 |
| Item | Amount |
|---|---|
| Net Income | -$153M |
| Depreciation & Amortization | $49M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $72M |
| Change in Working Capital | $8M |
| OPERATING CASH FLOW | -$24M |
| Capital Expenditure | -$12M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | -$16M |
| Net Debt Issuance | -$167M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $168M |
| NET CASH FROM FINANCING | $1M |
| FREE CASH FLOW | -$36M |
| Net Change in Cash | -$35M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $64M |
| Short-Term Investments | $0 |
| Net Receivables | $104M |
| Inventory | $69M |
| Other Current Assets | $20M |
| TOTAL CURRENT ASSETS | $265M |
| PP&E (Net) | $333M |
| Goodwill | $0 |
| Intangible Assets | $138M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $52M |
| TOTAL NON-CURRENT ASSETS | $522M |
| TOTAL ASSETS | $787M |
| Account Payables | $66M |
| Short-Term Debt | $294M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $77M |
| TOTAL CURRENT LIABILITIES | $557M |
| Long-Term Debt | $183M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $210M |
| TOTAL LIABILITIES | $768M |
| Common Stock | $110.0K |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | -$1.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$225M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $19M |
| Minority Interest | $1M |
| TOTAL EQUITY | $20M |
| TOTAL LIABILITIES & EQUITY | $787M |
| Total Debt | $514M |
| Net Debt | $449M |
