| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $160M | — | $154M | — | 3.9% |
| Op. Income | -$558M | — | -$474M | — | -17.6% |
| Gross Margin | 31.7% | — | 24.2% | — | 7.5pp |
| Net Margin | -341.5% | — | -201.2% | — | -140.3pp |
| EPS (Diluted) | $-1.82 | — | $-1.07 | — | -70.1% |
| Free Cash Flow | -$114M | — | -$212M | — | 46.3% |
| Item | Amount |
|---|---|
| REVENUE | $160M |
| Cost of Revenue | $109M |
| GROSS PROFIT | $51M |
| R&D Expenses | $97M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $141M |
| Other Expenses | $369M |
| Operating Expenses | $608M |
| Cost & Expenses | $718M |
| OPERATING INCOME | -$558M |
| Interest Income | $0 |
| Interest Expense | $7M |
| Other Income/Expenses | $12M |
| INCOME BEFORE TAX | -$546M |
| Income Tax Expense | $318.0K |
| Net Income from Continuing Ops | -$546M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$546M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$546M |
| D&A | $505M |
| EBIT | -$539M |
| EBITDA | -$34M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$546M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $431M |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | -$111M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$217M |
| Sales/Maturities of Investments | $340M |
| Other Investing Activities | -$5M |
| NET CASH FROM INVESTING | $115M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $3M |
| FREE CASH FLOW | -$114M |
| Net Change in Cash | $8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $64M |
| Short-Term Investments | $216M |
| Net Receivables | $35M |
| Inventory | $49M |
| Other Current Assets | $11M |
| TOTAL CURRENT ASSETS | $375M |
| PP&E (Net) | $66M |
| Goodwill | $318M |
| Intangible Assets | $15M |
| Long-Term Investments | $2M |
| Tax Assets | $0 |
| Other Non-Current Assets | $9M |
| TOTAL NON-CURRENT ASSETS | $409M |
| TOTAL ASSETS | $784M |
| Account Payables | $21M |
| Short-Term Debt | $448.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $33M |
| TOTAL CURRENT LIABILITIES | $54M |
| Long-Term Debt | $702M |
| Deferred Revenue NC | $20M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$55M |
| TOTAL NON-CURRENT LIABILITIES | $724M |
| TOTAL LIABILITIES | $779M |
| Common Stock | $302.0K |
| Additional Paid-In Capital | $2.7B |
| Retained Earnings | -$2.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $457.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5M |
| Minority Interest | $0 |
| TOTAL EQUITY | $5M |
| TOTAL LIABILITIES & EQUITY | $784M |
| Total Debt | $759M |
| Net Debt | $696M |
