| Metric | FY 2024 | Prior Q | FY 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $13M | — | $10M | — | 27.8% |
| Op. Income | -$52M | — | -$69M | — | 24.8% |
| Gross Margin | 61.0% | — | 49.8% | — | 11.2pp |
| Net Margin | -903.4% | — | -605.7% | — | -297.7pp |
| EPS (Diluted) | $-1.28 | — | $-0.68 | — | -88.2% |
| Free Cash Flow | -$41M | — | -$64M | — | 36.5% |
| Item | Amount |
|---|---|
| REVENUE | $13M |
| Cost of Revenue | $5M |
| GROSS PROFIT | $8M |
| R&D Expenses | $14M |
| Selling & Marketing | $0 |
| General & Administrative | $31M |
| SG&A Expenses | $31M |
| Other Expenses | $15M |
| Operating Expenses | $60M |
| Cost & Expenses | $65M |
| OPERATING INCOME | -$52M |
| Interest Income | $1M |
| Interest Expense | $71.0K |
| Other Income/Expenses | -$61M |
| INCOME BEFORE TAX | -$113M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | -$116M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$116M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$116M |
| D&A | $13M |
| EBIT | -$113M |
| EBITDA | -$101M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$116M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $63M |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | -$36M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $6.0K |
| NET CASH FROM INVESTING | -$5M |
| Net Debt Issuance | $30M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | $37M |
| FREE CASH FLOW | -$41M |
| Net Change in Cash | -$921.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $22M |
| Short-Term Investments | $0 |
| Net Receivables | $1M |
| Inventory | $0 |
| Other Current Assets | $877.0K |
| TOTAL CURRENT ASSETS | $28M |
| PP&E (Net) | $28M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $5M |
| Tax Assets | $0 |
| Other Non-Current Assets | $833.0K |
| TOTAL NON-CURRENT ASSETS | $34M |
| TOTAL ASSETS | $62M |
| Account Payables | $4M |
| Short-Term Debt | $0 |
| Deferred Revenue | $6M |
| Other Current Liabilities | $13M |
| TOTAL CURRENT LIABILITIES | $35M |
| Long-Term Debt | $79M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $516.0K |
| TOTAL NON-CURRENT LIABILITIES | $80M |
| TOTAL LIABILITIES | $115M |
| Common Stock | $0 |
| Additional Paid-In Capital | $356M |
| Retained Earnings | -$400M |
| Treasury Stock | -$9M |
| Accum. Other Comp. Income | -$571.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$53M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$53M |
| TOTAL LIABILITIES & EQUITY | $62M |
| Total Debt | $80M |
| Net Debt | $57M |
