| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $170M | — | $83M | — | 104.5% |
| Op. Income | -$161M | — | -$233M | — | 30.9% |
| Gross Margin | 88.1% | — | 59.7% | — | 28.4pp |
| Net Margin | -113.8% | — | -272.5% | — | 158.8pp |
| EPS (Diluted) | $-3.76 | — | $-4.59 | — | 18.1% |
| Free Cash Flow | -$126M | — | -$176M | — | 28.0% |
| Item | Amount |
|---|---|
| REVENUE | $170M |
| Cost of Revenue | $20M |
| GROSS PROFIT | $150M |
| R&D Expenses | $228M |
| Selling & Marketing | $0 |
| General & Administrative | $83M |
| SG&A Expenses | $83M |
| Other Expenses | $179.0K |
| Operating Expenses | $311M |
| Cost & Expenses | $332M |
| OPERATING INCOME | -$161M |
| Interest Income | $12M |
| Interest Expense | $45M |
| Other Income/Expenses | -$33M |
| INCOME BEFORE TAX | -$194M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$194M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$194M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$194M |
| D&A | $16M |
| EBIT | -$161M |
| EBITDA | -$146M |
| EPS | -$4 |
| EPS Diluted | -$4 |
| Item | Amount |
|---|---|
| Net Income | -$194M |
| Depreciation & Amortization | $16M |
| Stock-Based Compensation | $35M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $8M |
| Change in Working Capital | $12M |
| OPERATING CASH FLOW | -$124M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$333M |
| Sales/Maturities of Investments | $319M |
| Other Investing Activities | $62.0K |
| NET CASH FROM INVESTING | -$16M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $116M |
| NET CASH FROM FINANCING | $117M |
| FREE CASH FLOW | -$126M |
| Net Change in Cash | -$23M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $34M |
| Short-Term Investments | $196M |
| Net Receivables | $26M |
| Inventory | $0 |
| Other Current Assets | $25M |
| TOTAL CURRENT ASSETS | $281M |
| PP&E (Net) | $152M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $15M |
| Tax Assets | $0 |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $172M |
| TOTAL ASSETS | $453M |
| Account Payables | $21M |
| Short-Term Debt | $48M |
| Deferred Revenue | $10M |
| Other Current Liabilities | $38M |
| TOTAL CURRENT LIABILITIES | $118M |
| Long-Term Debt | $147M |
| Deferred Revenue NC | $19M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $638.0K |
| TOTAL NON-CURRENT LIABILITIES | $232M |
| TOTAL LIABILITIES | $350M |
| Common Stock | $5.0K |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | -$1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$687.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $103M |
| Minority Interest | $0 |
| TOTAL EQUITY | $103M |
| TOTAL LIABILITIES & EQUITY | $453M |
| Total Debt | $261M |
| Net Debt | $226M |
