| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $40M | — | $58M | — | -31.6% |
| Op. Income | -$108M | — | -$104M | — | -3.9% |
| Gross Margin | 80.8% | — | 100.0% | — | -19.2pp |
| Net Margin | -310.8% | — | -169.4% | — | -141.4pp |
| EPS (Diluted) | $-0.44 | — | $-0.49 | — | 10.2% |
| Free Cash Flow | -$97M | — | -$67M | — | -44.4% |
| Item | Amount |
|---|---|
| REVENUE | $40M |
| Cost of Revenue | $8M |
| GROSS PROFIT | $32M |
| R&D Expenses | $113M |
| Selling & Marketing | $0 |
| General & Administrative | $35M |
| SG&A Expenses | $35M |
| Other Expenses | -$8M |
| Operating Expenses | $140M |
| Cost & Expenses | $148M |
| OPERATING INCOME | -$108M |
| Interest Income | $1M |
| Interest Expense | $0 |
| Other Income/Expenses | -$15M |
| INCOME BEFORE TAX | -$124M |
| Income Tax Expense | -$568.0K |
| Net Income from Continuing Ops | -$123M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$123M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$123M |
| D&A | $8M |
| EBIT | -$108M |
| EBITDA | -$100M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$123M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $13M |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | -$97M |
| Capital Expenditure | -$102.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$102.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | $71M |
| FREE CASH FLOW | -$97M |
| Net Change in Cash | -$22M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $21M |
| Short-Term Investments | $0 |
| Net Receivables | $11M |
| Inventory | $0 |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $36M |
| PP&E (Net) | $14M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $10M |
| TOTAL NON-CURRENT ASSETS | $24M |
| TOTAL ASSETS | $60M |
| Account Payables | $14M |
| Short-Term Debt | $0 |
| Deferred Revenue | $899.0K |
| Other Current Liabilities | $25M |
| TOTAL CURRENT LIABILITIES | $42M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $6M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $580.0K |
| TOTAL NON-CURRENT LIABILITIES | $32M |
| TOTAL LIABILITIES | $74M |
| Common Stock | $4M |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | -$1.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$14M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$14M |
| TOTAL LIABILITIES & EQUITY | $60M |
| Total Debt | $27M |
| Net Debt | $6M |
