| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $239M | — | $314M | — | -23.7% |
| Op. Income | -$46M | — | -$13M | — | -263.7% |
| Gross Margin | 73.9% | — | 76.3% | — | -2.4pp |
| Net Margin | -33.6% | — | -6.4% | — | -27.2pp |
| EPS (Diluted) | $-1.62 | — | $-0.41 | — | -295.1% |
| Free Cash Flow | -$40M | — | -$8M | — | -422.2% |
| Item | Amount |
|---|---|
| REVENUE | $239M |
| Cost of Revenue | $63M |
| GROSS PROFIT | $177M |
| R&D Expenses | $39M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $184M |
| Other Expenses | -$71.0K |
| Operating Expenses | $223M |
| Cost & Expenses | $285M |
| OPERATING INCOME | -$46M |
| Interest Income | $5M |
| Interest Expense | $0 |
| Other Income/Expenses | -$36M |
| INCOME BEFORE TAX | -$82M |
| Income Tax Expense | -$2M |
| Net Income from Continuing Ops | -$80M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$80M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$80M |
| D&A | $9M |
| EBIT | -$46M |
| EBITDA | -$37M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$80M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $31M |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | $27M |
| Change in Working Capital | -$16M |
| OPERATING CASH FLOW | -$34M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$75M |
| Sales/Maturities of Investments | $127M |
| Other Investing Activities | $198.0K |
| NET CASH FROM INVESTING | $46M |
| Net Debt Issuance | -$42.0K |
| Common Stock Repurchased | -$6M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$5M |
| FREE CASH FLOW | -$40M |
| Net Change in Cash | $9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $153M |
| Short-Term Investments | $34M |
| Net Receivables | $55M |
| Inventory | $55M |
| Other Current Assets | $8M |
| TOTAL CURRENT ASSETS | $312M |
| PP&E (Net) | $103M |
| Goodwill | $2M |
| Intangible Assets | $31M |
| Long-Term Investments | $0 |
| Tax Assets | $13M |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $150M |
| TOTAL ASSETS | $462M |
| Account Payables | $12M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $50M |
| TOTAL CURRENT LIABILITIES | $69M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $89.0K |
| Deferred Tax Liabilities | $10M |
| Other Non-Current Liabilities | $6M |
| TOTAL NON-CURRENT LIABILITIES | $49M |
| TOTAL LIABILITIES | $117M |
| Common Stock | $498.0K |
| Additional Paid-In Capital | $505M |
| Retained Earnings | -$148M |
| Treasury Stock | -$6M |
| Accum. Other Comp. Income | -$7M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $344M |
| Minority Interest | $0 |
| TOTAL EQUITY | $344M |
| TOTAL LIABILITIES & EQUITY | $462M |
| Total Debt | $38M |
| Net Debt | -$115M |
