| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $10M | — | $4M | — | 146.7% |
| Op. Income | -$107M | — | -$135M | — | 21.1% |
| Gross Margin | 37.1% | — | -8.7% | — | 45.8pp |
| Net Margin | -2588.2% | — | -3216.2% | — | 628.0pp |
| EPS (Diluted) | $-1.41 | — | $-0.47 | — | -200.0% |
| Free Cash Flow | -$90M | — | -$77M | — | -17.0% |
| Item | Amount |
|---|---|
| REVENUE | $10M |
| Cost of Revenue | $6M |
| GROSS PROFIT | $4M |
| R&D Expenses | $41M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $70M |
| Other Expenses | -$1M |
| Operating Expenses | $110M |
| Cost & Expenses | $116M |
| OPERATING INCOME | -$107M |
| Interest Income | $3M |
| Interest Expense | $4M |
| Other Income/Expenses | -$144M |
| INCOME BEFORE TAX | -$251M |
| Income Tax Expense | $3.0K |
| Net Income from Continuing Ops | -$251M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$251M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$430M |
| D&A | $3M |
| EBIT | -$107M |
| EBITDA | -$103M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$251M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $142M |
| Change in Working Capital | $7M |
| OPERATING CASH FLOW | -$88M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$208M |
| Sales/Maturities of Investments | $208M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | $93M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | $90M |
| FREE CASH FLOW | -$90M |
| Net Change in Cash | $717.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $30M |
| Short-Term Investments | $68M |
| Net Receivables | $4M |
| Inventory | $10M |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $115M |
| PP&E (Net) | $18M |
| Goodwill | $15M |
| Intangible Assets | $3M |
| Long-Term Investments | $3M |
| Tax Assets | $1M |
| Other Non-Current Assets | $908.0K |
| TOTAL NON-CURRENT ASSETS | $41M |
| TOTAL ASSETS | $157M |
| Account Payables | $12M |
| Short-Term Debt | $1M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $24M |
| TOTAL CURRENT LIABILITIES | $37M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1M |
| Other Non-Current Liabilities | $93M |
| TOTAL NON-CURRENT LIABILITIES | $98M |
| TOTAL LIABILITIES | $136M |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$2.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $2.4B |
| TOTAL STOCKHOLDERS' EQUITY | $21M |
| Minority Interest | $0 |
| TOTAL EQUITY | $21M |
| TOTAL LIABILITIES & EQUITY | $157M |
| Total Debt | $5M |
| Net Debt | -$25M |
