| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $77M | — | $80M | — | -3.1% |
| Op. Income | -$37M | — | -$51M | — | 26.6% |
| Gross Margin | 86.2% | — | 85.5% | — | 0.7pp |
| Net Margin | -49.7% | — | -64.5% | — | 14.8pp |
| EPS (Diluted) | $-0.74 | — | $-1.03 | — | 28.2% |
| Free Cash Flow | -$30M | — | -$23M | — | -31.6% |
| Item | Amount |
|---|---|
| REVENUE | $77M |
| Cost of Revenue | $11M |
| GROSS PROFIT | $67M |
| R&D Expenses | $15M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $89M |
| Other Expenses | $0 |
| Operating Expenses | $104M |
| Cost & Expenses | $114M |
| OPERATING INCOME | -$37M |
| Interest Income | $4M |
| Interest Expense | $5M |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | -$38M |
| Income Tax Expense | $10.0K |
| Net Income from Continuing Ops | -$38M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$38M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$38M |
| D&A | $487.0K |
| EBIT | -$37M |
| EBITDA | -$37M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$38M |
| Depreciation & Amortization | $487.0K |
| Stock-Based Compensation | $13M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$6M |
| OPERATING CASH FLOW | -$30M |
| Capital Expenditure | -$224.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$224.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$58.0K |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | -$30M |
| Net Change in Cash | -$28M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $92M |
| Short-Term Investments | $0 |
| Net Receivables | $10M |
| Inventory | $8M |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $113M |
| PP&E (Net) | $2M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $518.0K |
| TOTAL NON-CURRENT ASSETS | $3M |
| TOTAL ASSETS | $115M |
| Account Payables | $1M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $9M |
| TOTAL CURRENT LIABILITIES | $11M |
| Long-Term Debt | $40M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $31.0K |
| TOTAL NON-CURRENT LIABILITIES | $40M |
| TOTAL LIABILITIES | $51M |
| Common Stock | $54.0K |
| Additional Paid-In Capital | $449M |
| Retained Earnings | -$385M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $64M |
| Minority Interest | $0 |
| TOTAL EQUITY | $64M |
| TOTAL LIABILITIES & EQUITY | $115M |
| Total Debt | $41M |
| Net Debt | -$51M |
