| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $327M | — | $203M | — | 61.2% |
| Op. Income | -$60M | — | -$115M | — | 47.6% |
| Gross Margin | 53.6% | — | 51.6% | — | 2.0pp |
| Net Margin | -13.1% | — | -46.2% | — | 33.0pp |
| EPS (Diluted) | $-1.72 | — | $-4.05 | — | 57.5% |
| Free Cash Flow | $35M | — | -$13M | — | 369.6% |
| Item | Amount |
|---|---|
| REVENUE | $327M |
| Cost of Revenue | $152M |
| GROSS PROFIT | $175M |
| R&D Expenses | $119M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $117M |
| Other Expenses | $0 |
| Operating Expenses | $235M |
| Cost & Expenses | $387M |
| OPERATING INCOME | -$60M |
| Interest Income | $25M |
| Interest Expense | $0 |
| Other Income/Expenses | $18M |
| INCOME BEFORE TAX | -$42M |
| Income Tax Expense | $598.0K |
| Net Income from Continuing Ops | -$43M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$43M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$43M |
| D&A | $0 |
| EBIT | -$42M |
| EBITDA | -$42M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$43M |
| Depreciation & Amortization | $40M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $112M |
| Change in Working Capital | -$22M |
| OPERATING CASH FLOW | $87M |
| Capital Expenditure | -$52M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1.4B |
| Sales/Maturities of Investments | $993M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$428M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$100M |
| NET CASH FROM FINANCING | $351M |
| FREE CASH FLOW | $35M |
| Net Change in Cash | $11M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $17M |
| Short-Term Investments | $792M |
| Net Receivables | $45M |
| Inventory | $82M |
| Other Current Assets | $8M |
| TOTAL CURRENT ASSETS | $949M |
| PP&E (Net) | $109M |
| Goodwill | $87M |
| Intangible Assets | $147M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $345M |
| TOTAL ASSETS | $1.3B |
| Account Payables | $21M |
| Short-Term Debt | $2M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $46M |
| TOTAL CURRENT LIABILITIES | $84M |
| Long-Term Debt | $1M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $52M |
| TOTAL NON-CURRENT LIABILITIES | $55M |
| TOTAL LIABILITIES | $139M |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $1.4B |
| Retained Earnings | -$225M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.2B |
| TOTAL LIABILITIES & EQUITY | $1.3B |
| Total Debt | $5M |
| Net Debt | -$12M |
