| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $184M | — | $37M | — | 404.5% |
| Op. Income | -$21M | — | -$101M | — | 79.7% |
| Gross Margin | 100.0% | — | 100.0% | — | 0.0pp |
| Net Margin | -3.7% | — | -243.4% | — | 239.7pp |
| EPS (Diluted) | $-0.12 | — | $-1.65 | — | 92.7% |
| Free Cash Flow | $45M | — | -$87M | — | 151.6% |
| Item | Amount |
|---|---|
| REVENUE | $184M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $184M |
| R&D Expenses | $138M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $67M |
| Other Expenses | $0 |
| Operating Expenses | $205M |
| Cost & Expenses | $205M |
| OPERATING INCOME | -$21M |
| Interest Income | $0 |
| Interest Expense | $14M |
| Other Income/Expenses | $14M |
| INCOME BEFORE TAX | -$7M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$7M |
| D&A | $2M |
| EBIT | -$21M |
| EBITDA | -$19M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$7M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $32M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| Change in Working Capital | $16M |
| OPERATING CASH FLOW | $46M |
| Capital Expenditure | -$670.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$323M |
| Sales/Maturities of Investments | $137M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$187M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $97M |
| FREE CASH FLOW | $45M |
| Net Change in Cash | -$44M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $84M |
| Short-Term Investments | $200M |
| Net Receivables | $8M |
| Inventory | $0 |
| Other Current Assets | $13M |
| TOTAL CURRENT ASSETS | $306M |
| PP&E (Net) | $6M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $106M |
| TOTAL NON-CURRENT ASSETS | $113M |
| TOTAL ASSETS | $418M |
| Account Payables | $5M |
| Short-Term Debt | $0 |
| Deferred Revenue | $12M |
| Other Current Liabilities | $41M |
| TOTAL CURRENT LIABILITIES | $58M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $8M |
| TOTAL NON-CURRENT LIABILITIES | $8M |
| TOTAL LIABILITIES | $66M |
| Common Stock | $5.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$498M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $543.0K |
| Other Equity | $850M |
| TOTAL STOCKHOLDERS' EQUITY | $352M |
| Minority Interest | $0 |
| TOTAL EQUITY | $352M |
| TOTAL LIABILITIES & EQUITY | $418M |
| Total Debt | $0 |
| Net Debt | -$84M |
