| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $274M | — | $312M | — | -12.0% |
| Op. Income | -$42M | — | -$29M | — | -44.3% |
| Gross Margin | 40.1% | — | 40.1% | — | -0.0pp |
| Net Margin | -42.0% | — | -13.2% | — | -28.7pp |
| EPS (Diluted) | $-22.35 | — | $-8.60 | — | -159.9% |
| Free Cash Flow | -$29M | — | -$16M | — | -78.2% |
| Item | Amount |
|---|---|
| REVENUE | $274M |
| Cost of Revenue | $164M |
| GROSS PROFIT | $110M |
| R&D Expenses | $31M |
| Selling & Marketing | $52M |
| General & Administrative | $64M |
| SG&A Expenses | $116M |
| Other Expenses | $4M |
| Operating Expenses | $152M |
| Cost & Expenses | $316M |
| OPERATING INCOME | -$42M |
| Interest Income | $0 |
| Interest Expense | $24M |
| Other Income/Expenses | -$73M |
| INCOME BEFORE TAX | -$114M |
| Income Tax Expense | $821.0K |
| Net Income from Continuing Ops | -$115M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$115M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$115M |
| D&A | $6M |
| EBIT | -$91M |
| EBITDA | -$85M |
| EPS | -$22 |
| EPS Diluted | -$22 |
| Item | Amount |
|---|---|
| Net Income | -$115M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $66M |
| Change in Working Capital | $18M |
| OPERATING CASH FLOW | -$24M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$5M |
| Net Debt Issuance | $3M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $19M |
| FREE CASH FLOW | -$29M |
| Net Change in Cash | -$9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $16M |
| Short-Term Investments | $0 |
| Net Receivables | $53M |
| Inventory | $22M |
| Other Current Assets | $9M |
| TOTAL CURRENT ASSETS | $103M |
| PP&E (Net) | $20M |
| Goodwill | $13M |
| Intangible Assets | $281.0K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $19M |
| TOTAL NON-CURRENT ASSETS | $53M |
| TOTAL ASSETS | $155M |
| Account Payables | $31M |
| Short-Term Debt | $123M |
| Deferred Revenue | $75M |
| Other Current Liabilities | $13M |
| TOTAL CURRENT LIABILITIES | $258M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $39M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $14M |
| TOTAL NON-CURRENT LIABILITIES | $62M |
| TOTAL LIABILITIES | $320M |
| Common Stock | $70.0K |
| Additional Paid-In Capital | $780M |
| Retained Earnings | -$942M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$164M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$164M |
| TOTAL LIABILITIES & EQUITY | $155M |
| Total Debt | $133M |
| Net Debt | $116M |
