| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $7M | — | $11M | — | -34.3% |
| Op. Income | -$85M | — | -$69M | — | -23.6% |
| Gross Margin | 29.1% | — | 52.8% | — | -23.7pp |
| Net Margin | -3050.4% | — | -1862.7% | — | -1187.6pp |
| EPS (Diluted) | $-0.70 | — | $-1.09 | — | 35.8% |
| Free Cash Flow | -$77M | — | -$62M | — | -25.1% |
| Item | Amount |
|---|---|
| REVENUE | $7M |
| Cost of Revenue | $5M |
| GROSS PROFIT | $2M |
| R&D Expenses | $61M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $25M |
| Other Expenses | $0 |
| Operating Expenses | $87M |
| Cost & Expenses | $92M |
| OPERATING INCOME | -$85M |
| Interest Income | $17M |
| Interest Expense | $0 |
| Other Income/Expenses | -$132M |
| INCOME BEFORE TAX | -$216M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$216M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$216M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$216M |
| D&A | $8M |
| EBIT | -$85M |
| EBITDA | -$76M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$216M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $18M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $140M |
| Change in Working Capital | -$8M |
| OPERATING CASH FLOW | -$59M |
| Capital Expenditure | -$19M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$636M |
| Sales/Maturities of Investments | $251M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$403M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $6M |
| NET CASH FROM FINANCING | $439M |
| FREE CASH FLOW | -$77M |
| Net Change in Cash | -$23M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $45M |
| Short-Term Investments | $0 |
| Net Receivables | $3M |
| Inventory | $0 |
| Other Current Assets | $407M |
| TOTAL CURRENT ASSETS | $455M |
| PP&E (Net) | $63M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $146M |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $212M |
| TOTAL ASSETS | $667M |
| Account Payables | $3M |
| Short-Term Debt | $2M |
| Deferred Revenue | $847.0K |
| Other Current Liabilities | $6M |
| TOTAL CURRENT LIABILITIES | $12M |
| Long-Term Debt | $5M |
| Deferred Revenue NC | $698.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $103M |
| TOTAL NON-CURRENT LIABILITIES | $108M |
| TOTAL LIABILITIES | $120M |
| Common Stock | $33.0K |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | -$771M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $997.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $546M |
| Minority Interest | $0 |
| TOTAL EQUITY | $546M |
| TOTAL LIABILITIES & EQUITY | $667M |
| Total Debt | $7M |
| Net Debt | -$38M |
