| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $12M | — | $7M | — | 73.4% |
| Op. Income | -$105M | — | -$140M | — | 25.2% |
| Gross Margin | 85.9% | — | 100.0% | — | -14.1pp |
| Net Margin | -819.6% | — | -1816.8% | — | 997.2pp |
| EPS (Diluted) | $-1.29 | — | $-1.68 | — | 23.2% |
| Free Cash Flow | -$56M | — | -$104M | — | 45.6% |
| Item | Amount |
|---|---|
| REVENUE | $12M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $10M |
| R&D Expenses | $94M |
| Selling & Marketing | $0 |
| General & Administrative | $22M |
| SG&A Expenses | $22M |
| Other Expenses | -$2M |
| Operating Expenses | $115M |
| Cost & Expenses | $117M |
| OPERATING INCOME | -$105M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | -$99M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$99M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$99M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$99M |
| D&A | $2M |
| EBIT | -$105M |
| EBITDA | -$103M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$99M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $12M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| Change in Working Capital | $28M |
| OPERATING CASH FLOW | -$56M |
| Capital Expenditure | -$67.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$101M |
| Sales/Maturities of Investments | $154M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $53M |
| Net Debt Issuance | -$208.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$17.0K |
| NET CASH FROM FINANCING | $25M |
| FREE CASH FLOW | -$56M |
| Net Change in Cash | $22M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $35M |
| Short-Term Investments | $68M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $106M |
| PP&E (Net) | $32M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $36M |
| TOTAL ASSETS | $141M |
| Account Payables | $4M |
| Short-Term Debt | $3M |
| Deferred Revenue | $34M |
| Other Current Liabilities | $13M |
| TOTAL CURRENT LIABILITIES | $53M |
| Long-Term Debt | $15M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $5M |
| TOTAL NON-CURRENT LIABILITIES | $20M |
| TOTAL LIABILITIES | $73M |
| Common Stock | $5.0K |
| Additional Paid-In Capital | $752M |
| Retained Earnings | -$683M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $8.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $69M |
| Minority Interest | $0 |
| TOTAL EQUITY | $69M |
| TOTAL LIABILITIES & EQUITY | $141M |
| Total Debt | $18M |
| Net Debt | -$17M |
