| Metric | FY 2024 | Prior Q | FY 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $62M | — | $154M | — | -59.6% |
| Op. Income | -$238M | — | -$89M | — | -167.1% |
| Gross Margin | 88.4% | — | 95.6% | — | -7.2pp |
| Net Margin | -366.6% | — | -69.5% | — | -297.2pp |
| EPS (Diluted) | $-29.60 | — | $-17.80 | — | -66.3% |
| Free Cash Flow | -$195M | — | -$116M | — | -67.9% |
| Item | Amount |
|---|---|
| REVENUE | $62M |
| Cost of Revenue | $7M |
| GROSS PROFIT | $55M |
| R&D Expenses | $252M |
| Selling & Marketing | $0 |
| General & Administrative | $48M |
| SG&A Expenses | $48M |
| Other Expenses | -$7M |
| Operating Expenses | $293M |
| Cost & Expenses | $300M |
| OPERATING INCOME | -$238M |
| Interest Income | $44M |
| Interest Expense | $31M |
| Other Income/Expenses | $13M |
| INCOME BEFORE TAX | -$225M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$227M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$227M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$227M |
| D&A | $7M |
| EBIT | -$188M |
| EBITDA | -$180M |
| EPS | -$30 |
| EPS Diluted | -$30 |
| Item | Amount |
|---|---|
| Net Income | -$227M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $25M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$5M |
| Change in Working Capital | $9M |
| OPERATING CASH FLOW | -$192M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$462M |
| Sales/Maturities of Investments | $683M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $219M |
| Net Debt Issuance | -$4M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | $94M |
| FREE CASH FLOW | -$195M |
| Net Change in Cash | $121M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $190M |
| Short-Term Investments | $127M |
| Net Receivables | $9M |
| Inventory | $0 |
| Other Current Assets | $18M |
| TOTAL CURRENT ASSETS | $343M |
| PP&E (Net) | $36M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $8M |
| TOTAL NON-CURRENT ASSETS | $44M |
| TOTAL ASSETS | $387M |
| Account Payables | $10M |
| Short-Term Debt | $0 |
| Deferred Revenue | $70M |
| Other Current Liabilities | $17M |
| TOTAL CURRENT LIABILITIES | $132M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $193M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $211M |
| TOTAL LIABILITIES | $343M |
| Common Stock | $83.0K |
| Additional Paid-In Capital | $831M |
| Retained Earnings | -$787M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $39.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $45M |
| Minority Interest | $0 |
| TOTAL EQUITY | $45M |
| TOTAL LIABILITIES & EQUITY | $387M |
| Total Debt | $23M |
| Net Debt | -$167M |
