| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $190M | — | $130M | — | 45.8% |
| Op. Income | -$192M | — | -$266M | — | 27.7% |
| Gross Margin | 89.7% | — | 89.7% | — | 0.0pp |
| Net Margin | -103.6% | — | -200.3% | — | 96.7pp |
| EPS (Diluted) | $-3.11 | — | $-4.34 | — | 28.3% |
| Free Cash Flow | -$117M | — | -$114M | — | -2.4% |
| Item | Amount |
|---|---|
| REVENUE | $190M |
| Cost of Revenue | $19M |
| GROSS PROFIT | $170M |
| R&D Expenses | $167M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $195M |
| Other Expenses | $0 |
| Operating Expenses | $362M |
| Cost & Expenses | $382M |
| OPERATING INCOME | -$192M |
| Interest Income | $15M |
| Interest Expense | $21M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | -$196M |
| Income Tax Expense | $497.0K |
| Net Income from Continuing Ops | -$197M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$197M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$202M |
| D&A | $1M |
| EBIT | -$175M |
| EBITDA | -$174M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$197M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $67M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $14M |
| Change in Working Capital | -$968.0K |
| OPERATING CASH FLOW | -$116M |
| Capital Expenditure | -$953.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$349M |
| Sales/Maturities of Investments | $252M |
| Other Investing Activities | -$40M |
| NET CASH FROM INVESTING | -$137M |
| Net Debt Issuance | -$20M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $5M |
| NET CASH FROM FINANCING | $218M |
| FREE CASH FLOW | -$117M |
| Net Change in Cash | -$35M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $54M |
| Short-Term Investments | $335M |
| Net Receivables | $26M |
| Inventory | $26M |
| Other Current Assets | $10M |
| TOTAL CURRENT ASSETS | $467M |
| PP&E (Net) | $4M |
| Goodwill | $0 |
| Intangible Assets | $5M |
| Long-Term Investments | $522.0K |
| Tax Assets | $998.0K |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $14M |
| TOTAL ASSETS | $481M |
| Account Payables | $14M |
| Short-Term Debt | $8M |
| Deferred Revenue | $194.0K |
| Other Current Liabilities | $61M |
| TOTAL CURRENT LIABILITIES | $106M |
| Long-Term Debt | $235M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $998.0K |
| Other Non-Current Liabilities | -$3M |
| TOTAL NON-CURRENT LIABILITIES | $236M |
| TOTAL LIABILITIES | $342M |
| Common Stock | $67.0K |
| Additional Paid-In Capital | $1.5B |
| Retained Earnings | -$1.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$796.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $139M |
| Minority Interest | $0 |
| TOTAL EQUITY | $139M |
| TOTAL LIABILITIES & EQUITY | $481M |
| Total Debt | $246M |
| Net Debt | $192M |
