| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $169M | — | $111M | — | 52.5% |
| Op. Income | -$74M | — | -$104M | — | 29.0% |
| Gross Margin | 49.3% | — | 36.4% | — | 12.8pp |
| Net Margin | -35.6% | — | -87.3% | — | 51.7pp |
| EPS (Diluted) | $-1.07 | — | $-2.08 | — | 48.6% |
| Free Cash Flow | -$65M | — | -$37M | — | -73.2% |
| Item | Amount |
|---|---|
| REVENUE | $169M |
| Cost of Revenue | $86M |
| GROSS PROFIT | $83M |
| R&D Expenses | $65M |
| Selling & Marketing | $28M |
| General & Administrative | $65M |
| SG&A Expenses | $92M |
| Other Expenses | $0 |
| Operating Expenses | $157M |
| Cost & Expenses | $243M |
| OPERATING INCOME | -$74M |
| Interest Income | $9M |
| Interest Expense | $0 |
| Other Income/Expenses | $11M |
| INCOME BEFORE TAX | -$63M |
| Income Tax Expense | -$3M |
| NET INCOME | -$60M |
| D&A | $13M |
| EBIT | -$63M |
| EBITDA | -$50M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$60M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $41M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | -$32M |
| OPERATING CASH FLOW | -$40M |
| Capital Expenditure | -$25M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$150M |
| Sales/Maturities of Investments | $138M |
| Other Investing Activities | $12.0K |
| NET CASH FROM INVESTING | -$36M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $410.0K |
| NET CASH FROM FINANCING | $98M |
| FREE CASH FLOW | -$65M |
| Net Change in Cash | $22M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $67M |
| Short-Term Investments | $141M |
| Net Receivables | $35M |
| Inventory | $24M |
| Other Current Assets | $12M |
| TOTAL CURRENT ASSETS | $279M |
| PP&E (Net) | $45M |
| Goodwill | $0 |
| Intangible Assets | $13M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $12M |
| TOTAL NON-CURRENT ASSETS | $71M |
| TOTAL ASSETS | $350M |
| Account Payables | $20M |
| Short-Term Debt | $4M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $47M |
| TOTAL CURRENT LIABILITIES | $71M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $3M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $703.0K |
| TOTAL NON-CURRENT LIABILITIES | $17M |
| TOTAL LIABILITIES | $88M |
| Common Stock | $48.0K |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | -$973M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$442.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $262M |
| Minority Interest | $0 |
| TOTAL EQUITY | $262M |
| TOTAL LIABILITIES & EQUITY | $350M |
| Total Debt | $17M |
| Net Debt | -$50M |
