| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1M | — | $6M | — | -82.5% |
| Op. Income | -$52M | — | -$81M | — | 36.1% |
| Gross Margin | -268.8% | — | 100.0% | — | -368.8pp |
| Net Margin | -4880.9% | — | -1318.1% | — | -3562.8pp |
| EPS (Diluted) | $-0.70 | — | $-1.49 | — | 53.0% |
| Free Cash Flow | -$40M | — | -$61M | — | 34.0% |
| Item | Amount |
|---|---|
| REVENUE | $1M |
| Cost of Revenue | $4M |
| GROSS PROFIT | -$3M |
| R&D Expenses | $35M |
| Selling & Marketing | $0 |
| General & Administrative | $17M |
| SG&A Expenses | $17M |
| Other Expenses | -$4M |
| Operating Expenses | $49M |
| Cost & Expenses | $53M |
| OPERATING INCOME | -$52M |
| Interest Income | $3M |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | -$49M |
| Income Tax Expense | $0 |
| NET INCOME | -$49M |
| D&A | $4M |
| EBIT | -$52M |
| EBITDA | -$48M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$49M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$971.0K |
| Change in Working Capital | -$785.0K |
| OPERATING CASH FLOW | -$40M |
| Capital Expenditure | -$71.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$43M |
| Sales/Maturities of Investments | $36M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$8M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$65.0K |
| NET CASH FROM FINANCING | $45M |
| FREE CASH FLOW | -$40M |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $54M |
| Short-Term Investments | $24M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $82M |
| PP&E (Net) | $6M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $1M |
| Tax Assets | $0 |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $9M |
| TOTAL ASSETS | $91M |
| Account Payables | $2M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $5M |
| TOTAL CURRENT LIABILITIES | $7M |
| Long-Term Debt | $2M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $2M |
| TOTAL LIABILITIES | $9M |
| Common Stock | $7.0K |
| Additional Paid-In Capital | $513M |
| Retained Earnings | -$431M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $6.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $82M |
| Minority Interest | $0 |
| TOTAL EQUITY | $82M |
| TOTAL LIABILITIES & EQUITY | $91M |
| Total Debt | $2M |
| Net Debt | -$53M |
