| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $107M | — | $119M | — | -10.8% |
| Op. Income | -$77M | — | -$60M | — | -27.6% |
| Gross Margin | 3.9% | — | 7.9% | — | -4.0pp |
| Net Margin | -103.8% | — | -62.7% | — | -41.0pp |
| EPS (Diluted) | $-5.29 | — | $-5.80 | — | 8.8% |
| Free Cash Flow | -$70M | — | -$68M | — | -2.4% |
| Item | Amount |
|---|---|
| REVENUE | $107M |
| Cost of Revenue | $102M |
| GROSS PROFIT | $4M |
| R&D Expenses | $10M |
| Selling & Marketing | $8M |
| General & Administrative | $53M |
| SG&A Expenses | $61M |
| Other Expenses | $9M |
| Operating Expenses | $81M |
| Cost & Expenses | $183M |
| OPERATING INCOME | -$77M |
| Interest Income | $0 |
| Interest Expense | $13M |
| Other Income/Expenses | -$34M |
| INCOME BEFORE TAX | -$111M |
| Income Tax Expense | -$380.0K |
| Net Income from Continuing Ops | -$111M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$111M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$111M |
| D&A | $9M |
| EBIT | -$77M |
| EBITDA | -$68M |
| EPS | -$5 |
| EPS Diluted | -$5 |
| Item | Amount |
|---|---|
| Net Income | -$111M |
| Depreciation & Amortization | $9M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | -$380.0K |
| Other Non-Cash Items | $26M |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | -$64M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$6M |
| NET CASH FROM INVESTING | -$6M |
| Net Debt Issuance | $19M |
| Common Stock Repurchased | -$380.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $71M |
| FREE CASH FLOW | -$70M |
| Net Change in Cash | $1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $13M |
| Short-Term Investments | $0 |
| Net Receivables | $4M |
| Inventory | $0 |
| Other Current Assets | $14M |
| TOTAL CURRENT ASSETS | $31M |
| PP&E (Net) | $59M |
| Goodwill | $0 |
| Intangible Assets | $20M |
| Long-Term Investments | $10M |
| Tax Assets | $0 |
| Other Non-Current Assets | $12M |
| TOTAL NON-CURRENT ASSETS | $101M |
| TOTAL ASSETS | $132M |
| Account Payables | $18M |
| Short-Term Debt | $11M |
| Deferred Revenue | $18M |
| Other Current Liabilities | $48M |
| TOTAL CURRENT LIABILITIES | $95M |
| Long-Term Debt | $73M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $18M |
| TOTAL NON-CURRENT LIABILITIES | $91M |
| TOTAL LIABILITIES | $187M |
| Common Stock | $7.0K |
| Additional Paid-In Capital | $733M |
| Retained Earnings | -$788M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$55M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$55M |
| TOTAL LIABILITIES & EQUITY | $132M |
| Total Debt | $83M |
| Net Debt | $71M |
