| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $551M | — | $572M | — | -3.7% |
| Op. Income | -$59M | — | -$86M | — | 31.4% |
| Gross Margin | 47.0% | — | 44.9% | — | 2.2pp |
| Net Margin | -18.9% | — | -21.0% | — | 2.1pp |
| EPS (Diluted) | $-1.28 | — | $-1.70 | — | 24.7% |
| Free Cash Flow | -$7M | — | -$5M | — | -42.6% |
| Item | Amount |
|---|---|
| REVENUE | $551M |
| Cost of Revenue | $292M |
| GROSS PROFIT | $259M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $218M |
| Other Expenses | $100M |
| Operating Expenses | $318M |
| Cost & Expenses | $610M |
| OPERATING INCOME | -$59M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$42M |
| INCOME BEFORE TAX | -$101M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | -$104M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$104M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$104M |
| D&A | $0 |
| EBIT | -$59M |
| EBITDA | -$59M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$104M |
| Depreciation & Amortization | $43M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $1M |
| Other Non-Cash Items | $64M |
| Change in Working Capital | $11M |
| OPERATING CASH FLOW | $15M |
| Capital Expenditure | -$22M |
| Acquisitions (Net) | -$6M |
| Purchases of Investments | -$282M |
| Sales/Maturities of Investments | $204M |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$112M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | $118M |
| FREE CASH FLOW | -$7M |
| Net Change in Cash | $24M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $95M |
| Short-Term Investments | $150M |
| Net Receivables | $160M |
| Inventory | $145M |
| Other Current Assets | $32M |
| TOTAL CURRENT ASSETS | $582M |
| PP&E (Net) | $218M |
| Goodwill | $102M |
| Intangible Assets | $96M |
| Long-Term Investments | $63M |
| Tax Assets | $0 |
| Other Non-Current Assets | $13M |
| TOTAL NON-CURRENT ASSETS | $492M |
| TOTAL ASSETS | $1.1B |
| Account Payables | $43M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $113M |
| TOTAL CURRENT LIABILITIES | $163M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $19M |
| Deferred Tax Liabilities | $312.0K |
| Other Non-Current Liabilities | $29M |
| TOTAL NON-CURRENT LIABILITIES | $68M |
| TOTAL LIABILITIES | $231M |
| Common Stock | $242.0K |
| Additional Paid-In Capital | $3.3B |
| Retained Earnings | -$2.4B |
| Treasury Stock | -$2M |
| Accum. Other Comp. Income | -$6M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $843M |
| Minority Interest | $0 |
| TOTAL EQUITY | $843M |
| TOTAL LIABILITIES & EQUITY | $1.1B |
| Total Debt | $27M |
| Net Debt | -$68M |
