| Metric | FY 2024 | Prior Q | FY 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $11M | — | $12M | — | -10.1% |
| Op. Income | -$69M | — | -$72M | — | 5.2% |
| Gross Margin | 52.8% | — | 76.7% | — | -23.9pp |
| Net Margin | -1862.7% | — | -625.5% | — | -1237.3pp |
| EPS (Diluted) | $-1.09 | — | $-0.57 | — | -91.2% |
| Free Cash Flow | -$62M | — | -$60M | — | -3.5% |
| Item | Amount |
|---|---|
| REVENUE | $11M |
| Cost of Revenue | $5M |
| GROSS PROFIT | $6M |
| R&D Expenses | $50M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $24M |
| Other Expenses | $0 |
| Operating Expenses | $74M |
| Cost & Expenses | $79M |
| OPERATING INCOME | -$69M |
| Interest Income | $5M |
| Interest Expense | $3M |
| Other Income/Expenses | -$132M |
| INCOME BEFORE TAX | -$201M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$201M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$201M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$201M |
| D&A | $7M |
| EBIT | -$198M |
| EBITDA | -$191M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$201M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $13M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $133M |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | -$51M |
| Capital Expenditure | -$11M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$225M |
| Sales/Maturities of Investments | $158M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$78M |
| Net Debt Issuance | -$23M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$8M |
| NET CASH FROM FINANCING | $175M |
| FREE CASH FLOW | -$62M |
| Net Change in Cash | $46M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $68M |
| Short-Term Investments | $124M |
| Net Receivables | $2M |
| Inventory | $0 |
| Other Current Assets | $9M |
| TOTAL CURRENT ASSETS | $207M |
| PP&E (Net) | $53M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $25M |
| Tax Assets | $0 |
| Other Non-Current Assets | $325.0K |
| TOTAL NON-CURRENT ASSETS | $78M |
| TOTAL ASSETS | $285M |
| Account Payables | $2M |
| Short-Term Debt | $0 |
| Deferred Revenue | $113.0K |
| Other Current Liabilities | $623.0K |
| TOTAL CURRENT LIABILITIES | $12M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $698.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $139M |
| TOTAL NON-CURRENT LIABILITIES | $146M |
| TOTAL LIABILITIES | $158M |
| Common Stock | $29.0K |
| Additional Paid-In Capital | $681M |
| Retained Earnings | -$555M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $105.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $127M |
| Minority Interest | $0 |
| TOTAL EQUITY | $127M |
| TOTAL LIABILITIES & EQUITY | $285M |
| Total Debt | $9M |
| Net Debt | -$59M |
