| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $139M | — | $135M | — | 2.6% |
| Op. Income | -$87M | — | -$53M | — | -66.1% |
| Gross Margin | 46.8% | — | 59.9% | — | -13.1pp |
| Net Margin | -77.1% | — | -28.4% | — | -48.7pp |
| EPS (Diluted) | $-2.51 | — | $-1.00 | — | -151.0% |
| Free Cash Flow | -$80M | — | -$39M | — | -107.2% |
| Item | Amount |
|---|---|
| REVENUE | $139M |
| Cost of Revenue | $74M |
| GROSS PROFIT | $65M |
| R&D Expenses | $36M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $138M |
| Other Expenses | -$22M |
| Operating Expenses | $152M |
| Cost & Expenses | $226M |
| OPERATING INCOME | -$87M |
| Interest Income | $9M |
| Interest Expense | $0 |
| Other Income/Expenses | -$25M |
| INCOME BEFORE TAX | -$112M |
| Income Tax Expense | -$5M |
| NET INCOME | -$107M |
| D&A | $19M |
| EBIT | -$87M |
| EBITDA | -$68M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$107M |
| Depreciation & Amortization | $19M |
| Stock-Based Compensation | $21M |
| Deferred Income Tax | -$6M |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | -$77M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | -$93M |
| Purchases of Investments | -$70M |
| Sales/Maturities of Investments | $216M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $50M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$708.0K |
| FREE CASH FLOW | -$80M |
| Net Change in Cash | -$26M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $30M |
| Short-Term Investments | $88M |
| Net Receivables | $30M |
| Inventory | $55M |
| Other Current Assets | $9M |
| TOTAL CURRENT ASSETS | $212M |
| PP&E (Net) | $40M |
| Goodwill | $26M |
| Intangible Assets | $132M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $8M |
| TOTAL NON-CURRENT ASSETS | $207M |
| TOTAL ASSETS | $419M |
| Account Payables | $14M |
| Short-Term Debt | $0 |
| Deferred Revenue | $21M |
| Other Current Liabilities | $31M |
| TOTAL CURRENT LIABILITIES | $75M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $6M |
| Deferred Tax Liabilities | $32M |
| Other Non-Current Liabilities | $13M |
| TOTAL NON-CURRENT LIABILITIES | $80M |
| TOTAL LIABILITIES | $123M |
| Common Stock | $47.0K |
| Additional Paid-In Capital | $874M |
| Retained Earnings | -$577M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$723.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $296M |
| Minority Interest | $0 |
| TOTAL EQUITY | $296M |
| TOTAL LIABILITIES & EQUITY | $419M |
| Total Debt | $37M |
| Net Debt | $7M |
