| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $16M | — | $27M | — | -40.6% |
| Op. Income | -$185M | — | -$184M | — | -0.6% |
| Gross Margin | -2.2% | — | 32.4% | — | -34.6pp |
| Net Margin | -1236.0% | — | -883.4% | — | -352.6pp |
| EPS (Diluted) | $-3.46 | — | $-4.92 | — | 29.7% |
| Free Cash Flow | -$178M | — | -$186M | — | 4.4% |
| Item | Amount |
|---|---|
| REVENUE | $16M |
| Cost of Revenue | $16M |
| GROSS PROFIT | -$347.0K |
| R&D Expenses | $134M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $51M |
| Other Expenses | $0 |
| Operating Expenses | $185M |
| Cost & Expenses | $202M |
| OPERATING INCOME | -$185M |
| Interest Income | $17M |
| Interest Expense | $62M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | -$193M |
| Income Tax Expense | $6M |
| NET INCOME | -$199M |
| D&A | $15M |
| EBIT | -$193M |
| EBITDA | -$179M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$199M |
| Depreciation & Amortization | $15M |
| Stock-Based Compensation | $18M |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | -$6M |
| Change in Working Capital | -$7M |
| OPERATING CASH FLOW | -$178M |
| Capital Expenditure | -$439.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$658M |
| Sales/Maturities of Investments | $337M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$322M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $23M |
| NET CASH FROM FINANCING | $415M |
| FREE CASH FLOW | -$178M |
| Net Change in Cash | -$79M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $80M |
| Short-Term Investments | $542M |
| Net Receivables | $13M |
| Inventory | $0 |
| Other Current Assets | $21M |
| TOTAL CURRENT ASSETS | $656M |
| PP&E (Net) | $26M |
| Goodwill | $25M |
| Intangible Assets | $73M |
| Long-Term Investments | $30M |
| Tax Assets | $9M |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $169M |
| TOTAL ASSETS | $825M |
| Account Payables | $5M |
| Short-Term Debt | $4M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $54M |
| TOTAL CURRENT LIABILITIES | $63M |
| Long-Term Debt | $523M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $8M |
| Other Non-Current Liabilities | $22M |
| TOTAL NON-CURRENT LIABILITIES | $563M |
| TOTAL LIABILITIES | $626M |
| Common Stock | $4M |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | -$1.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$58M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $199M |
| Minority Interest | $0 |
| TOTAL EQUITY | $199M |
| TOTAL LIABILITIES & EQUITY | $825M |
| Total Debt | $537M |
| Net Debt | $456M |
