| Metric | FY 2024 | Prior Q | FY 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $183M | — | $17M | — | 948.6% |
| Op. Income | -$121M | — | -$143M | — | 15.8% |
| Gross Margin | 93.0% | — | 90.9% | — | 2.1pp |
| Net Margin | -63.2% | — | -778.9% | — | 715.7pp |
| EPS (Diluted) | $-3.07 | — | $-4.62 | — | 33.5% |
| Free Cash Flow | -$85M | — | -$123M | — | 31.2% |
| Item | Amount |
|---|---|
| REVENUE | $183M |
| Cost of Revenue | $13M |
| GROSS PROFIT | $170M |
| R&D Expenses | $53M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $237M |
| Other Expenses | $0 |
| Operating Expenses | $291M |
| Cost & Expenses | $304M |
| OPERATING INCOME | -$121M |
| Interest Income | $15M |
| Interest Expense | $7M |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | -$116M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$116M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$116M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$116M |
| D&A | $1M |
| EBIT | -$108M |
| EBITDA | -$106M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$116M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $28M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$360.0K |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | -$83M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$266M |
| Sales/Maturities of Investments | $73M |
| Other Investing Activities | -$5M |
| NET CASH FROM INVESTING | -$199M |
| Net Debt Issuance | $40M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $155M |
| FREE CASH FLOW | -$85M |
| Net Change in Cash | -$128M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $95M |
| Short-Term Investments | $197M |
| Net Receivables | $48M |
| Inventory | $3M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $357M |
| PP&E (Net) | $3M |
| Goodwill | $0 |
| Intangible Assets | $8M |
| Long-Term Investments | $3M |
| Tax Assets | $0 |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $20M |
| TOTAL ASSETS | $377M |
| Account Payables | $28M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $81M |
| Long-Term Debt | $72M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $72M |
| TOTAL LIABILITIES | $152M |
| Common Stock | $6.0K |
| Additional Paid-In Capital | $585M |
| Retained Earnings | -$360M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $179.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $225M |
| Minority Interest | $0 |
| TOTAL EQUITY | $225M |
| TOTAL LIABILITIES & EQUITY | $377M |
| Total Debt | $72M |
| Net Debt | -$22M |
