| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $451M | — | $183M | — | 146.7% |
| Op. Income | -$71M | — | -$121M | — | 41.1% |
| Gross Margin | 93.2% | — | 93.0% | — | 0.2pp |
| Net Margin | -14.7% | — | -63.2% | — | 48.4pp |
| EPS (Diluted) | $-1.59 | — | $-3.07 | — | 48.2% |
| Free Cash Flow | -$22M | — | -$85M | — | 73.6% |
| Item | Amount |
|---|---|
| REVENUE | $451M |
| Cost of Revenue | $31M |
| GROSS PROFIT | $421M |
| R&D Expenses | $64M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $427M |
| Other Expenses | $0 |
| Operating Expenses | $492M |
| Cost & Expenses | $522M |
| OPERATING INCOME | -$71M |
| Interest Income | $16M |
| Interest Expense | $9M |
| Other Income/Expenses | $7M |
| INCOME BEFORE TAX | -$64M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$66M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$66M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$66M |
| D&A | $2M |
| EBIT | -$55M |
| EBITDA | -$54M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$66M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $42M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$4M |
| Change in Working Capital | $15M |
| OPERATING CASH FLOW | -$12M |
| Capital Expenditure | -$10M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$394M |
| Sales/Maturities of Investments | $362M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$42M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $143M |
| FREE CASH FLOW | -$22M |
| Net Change in Cash | $89M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $184M |
| Short-Term Investments | $234M |
| Net Receivables | $87M |
| Inventory | $4M |
| Other Current Assets | $560.0K |
| TOTAL CURRENT ASSETS | $523M |
| PP&E (Net) | $22M |
| Goodwill | $0 |
| Intangible Assets | $7M |
| Long-Term Investments | $4M |
| Tax Assets | $0 |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $39M |
| TOTAL ASSETS | $562M |
| Account Payables | $16M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $117M |
| TOTAL CURRENT LIABILITIES | $136M |
| Long-Term Debt | $83M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$11M |
| TOTAL NON-CURRENT LIABILITIES | $83M |
| TOTAL LIABILITIES | $219M |
| Common Stock | $6.0K |
| Additional Paid-In Capital | $770M |
| Retained Earnings | -$427M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $381.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $343M |
| Minority Interest | $0 |
| TOTAL EQUITY | $343M |
| TOTAL LIABILITIES & EQUITY | $562M |
| Total Debt | $94M |
| Net Debt | -$90M |
