| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $14M | — | $16M | — | -14.2% |
| Op. Income | -$84M | — | -$89M | — | 5.6% |
| Gross Margin | 82.8% | — | 97.1% | — | -14.3pp |
| Net Margin | -574.5% | — | -478.9% | — | -95.6pp |
| EPS (Diluted) | $-1.28 | — | $-1.32 | — | 3.0% |
| Free Cash Flow | -$64M | — | -$58M | — | -9.7% |
| Item | Amount |
|---|---|
| REVENUE | $14M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $11M |
| R&D Expenses | $74M |
| Selling & Marketing | $0 |
| General & Administrative | $22M |
| SG&A Expenses | $22M |
| Other Expenses | $0 |
| Operating Expenses | $96M |
| Cost & Expenses | $98M |
| OPERATING INCOME | -$84M |
| Interest Income | $4M |
| Interest Expense | $0 |
| Other Income/Expenses | $6M |
| INCOME BEFORE TAX | -$78M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$80M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$80M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$80M |
| D&A | $5M |
| EBIT | -$84M |
| EBITDA | -$80M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$80M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $12M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | -$64M |
| Capital Expenditure | -$9.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$107M |
| Sales/Maturities of Investments | $166M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $59M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$148.0K |
| NET CASH FROM FINANCING | $594.0K |
| FREE CASH FLOW | -$64M |
| Net Change in Cash | -$4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $15M |
| Short-Term Investments | $51M |
| Net Receivables | $700.0K |
| Inventory | $0 |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $72M |
| PP&E (Net) | $19M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $19M |
| TOTAL ASSETS | $92M |
| Account Payables | $11M |
| Short-Term Debt | $2M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $9M |
| TOTAL CURRENT LIABILITIES | $21M |
| Long-Term Debt | $17M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $17M |
| TOTAL LIABILITIES | $38M |
| Common Stock | $63.0K |
| Additional Paid-In Capital | $496M |
| Retained Earnings | -$443M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $53.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $53M |
| Minority Interest | $0 |
| TOTAL EQUITY | $53M |
| TOTAL LIABILITIES & EQUITY | $92M |
| Total Debt | $19M |
| Net Debt | $3M |
