| Metric | FY 2024 | Prior Q | FY 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $119M | — | $61M | — | 97.4% |
| Op. Income | -$60M | — | -$197M | — | 69.4% |
| Gross Margin | 7.9% | — | -8.6% | — | 16.5pp |
| Net Margin | -62.7% | — | -414.3% | — | 351.6pp |
| EPS (Diluted) | $-5.80 | — | $-23.04 | — | 74.8% |
| Free Cash Flow | -$68M | — | -$72M | — | 5.2% |
| Item | Amount |
|---|---|
| REVENUE | $119M |
| Cost of Revenue | $110M |
| GROSS PROFIT | $9M |
| R&D Expenses | $24M |
| Selling & Marketing | $8M |
| General & Administrative | $30M |
| SG&A Expenses | $37M |
| Other Expenses | $8M |
| Operating Expenses | $70M |
| Cost & Expenses | $180M |
| OPERATING INCOME | -$60M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | -$15M |
| INCOME BEFORE TAX | -$75M |
| Income Tax Expense | -$287.0K |
| Net Income from Continuing Ops | -$75M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$75M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$75M |
| D&A | $8M |
| EBIT | -$67M |
| EBITDA | -$58M |
| EPS | -$6 |
| EPS Diluted | -$6 |
| Item | Amount |
|---|---|
| Net Income | -$75M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | -$6M |
| Deferred Income Tax | -$287.0K |
| Other Non-Cash Items | $12M |
| Change in Working Capital | $7M |
| OPERATING CASH FLOW | -$54M |
| Capital Expenditure | -$14M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $8M |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | $75M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | $77M |
| FREE CASH FLOW | -$68M |
| Net Change in Cash | $19M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $21M |
| Short-Term Investments | $0 |
| Net Receivables | $4M |
| Inventory | $39.0K |
| Other Current Assets | $645.0K |
| TOTAL CURRENT ASSETS | $34M |
| PP&E (Net) | $60M |
| Goodwill | $0 |
| Intangible Assets | $23M |
| Long-Term Investments | $568.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $90M |
| TOTAL ASSETS | $124M |
| Account Payables | $18M |
| Short-Term Debt | $8M |
| Deferred Revenue | $17M |
| Other Current Liabilities | $13M |
| TOTAL CURRENT LIABILITIES | $90M |
| Long-Term Debt | $67M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $75M |
| TOTAL NON-CURRENT LIABILITIES | $154M |
| TOTAL LIABILITIES | $244M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $557M |
| Retained Earnings | -$677M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$120M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$120M |
| TOTAL LIABILITIES & EQUITY | $124M |
| Total Debt | $92M |
| Net Debt | $71M |
