| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $110M | — | $153M | — | -27.9% |
| Op. Income | -$12M | — | -$5M | — | -169.0% |
| Gross Margin | 16.7% | — | 21.2% | — | -4.5pp |
| Net Margin | -45.6% | — | -33.5% | — | -12.1pp |
| EPS (Diluted) | $-0.45 | — | $-0.46 | — | 2.3% |
| Free Cash Flow | -$8M | — | -$35M | — | 75.6% |
| Item | Amount |
|---|---|
| REVENUE | $110M |
| Cost of Revenue | $92M |
| GROSS PROFIT | $18M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $20M |
| SG&A Expenses | $20M |
| Other Expenses | $11M |
| Operating Expenses | $31M |
| Cost & Expenses | $122M |
| OPERATING INCOME | -$12M |
| Interest Income | $2M |
| Interest Expense | $23M |
| Other Income/Expenses | -$22M |
| INCOME BEFORE TAX | -$34M |
| Income Tax Expense | $16M |
| Net Income from Continuing Ops | -$50M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$50M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$50M |
| D&A | $10M |
| EBIT | -$12M |
| EBITDA | -$1M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$50M |
| Depreciation & Amortization | $10M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $16M |
| Other Non-Cash Items | -$5M |
| Change in Working Capital | $29M |
| OPERATING CASH FLOW | $2M |
| Capital Expenditure | -$11M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$12M |
| Net Debt Issuance | -$33M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$33M |
| FREE CASH FLOW | -$8M |
| Net Change in Cash | -$40M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $6M |
| Short-Term Investments | $0 |
| Net Receivables | $7M |
| Inventory | $21M |
| Other Current Assets | $12M |
| TOTAL CURRENT ASSETS | $49M |
| PP&E (Net) | $161M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $6M |
| Other Non-Current Assets | $77M |
| TOTAL NON-CURRENT ASSETS | $244M |
| TOTAL ASSETS | $294M |
| Account Payables | $50M |
| Short-Term Debt | $127M |
| Deferred Revenue | $5M |
| Other Current Liabilities | $5M |
| TOTAL CURRENT LIABILITIES | $200M |
| Long-Term Debt | $13M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $22M |
| TOTAL NON-CURRENT LIABILITIES | $37M |
| TOTAL LIABILITIES | $237M |
| Common Stock | $329M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$277M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$14M |
| Other Equity | $19M |
| TOTAL STOCKHOLDERS' EQUITY | $57M |
| Minority Interest | $0 |
| TOTAL EQUITY | $57M |
| TOTAL LIABILITIES & EQUITY | $294M |
| Total Debt | $143M |
| Net Debt | $137M |
