| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $10M | — | $3M | — | 266.7% |
| Op. Income | -$136M | — | -$135M | — | -0.7% |
| Gross Margin | 72.2% | — | 100.0% | — | -27.8pp |
| Net Margin | -1256.8% | — | -4527.7% | — | 3270.8pp |
| EPS (Diluted) | $-1.00 | — | $-1.14 | — | 12.3% |
| Free Cash Flow | -$140M | — | -$115M | — | -21.9% |
| Item | Amount |
|---|---|
| REVENUE | $10M |
| Cost of Revenue | $3M |
| GROSS PROFIT | $7M |
| R&D Expenses | $114M |
| Selling & Marketing | $0 |
| General & Administrative | $32M |
| SG&A Expenses | $32M |
| Other Expenses | -$3M |
| Operating Expenses | $143M |
| Cost & Expenses | $146M |
| OPERATING INCOME | -$136M |
| Interest Income | $9M |
| Interest Expense | $3M |
| Other Income/Expenses | $6M |
| INCOME BEFORE TAX | -$130M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$130M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$130M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$130M |
| D&A | $3M |
| EBIT | -$136M |
| EBITDA | -$133M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$130M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $12M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | -$18M |
| OPERATING CASH FLOW | -$135M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$87M |
| Sales/Maturities of Investments | $201M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $109M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$600.0K |
| NET CASH FROM FINANCING | -$336.0K |
| FREE CASH FLOW | -$140M |
| Net Change in Cash | -$26M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $152M |
| Short-Term Investments | $0 |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $152M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $5M |
| Tax Assets | $0 |
| Other Non-Current Assets | $71M |
| TOTAL NON-CURRENT ASSETS | $76M |
| TOTAL ASSETS | $229M |
| Account Payables | $1M |
| Short-Term Debt | $7M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $10M |
| TOTAL CURRENT LIABILITIES | $19M |
| Long-Term Debt | $33M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $87M |
| TOTAL LIABILITIES | $106M |
| Common Stock | $5.0K |
| Additional Paid-In Capital | $628M |
| Retained Earnings | -$505M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $123M |
| Minority Interest | $0 |
| TOTAL EQUITY | $123M |
| TOTAL LIABILITIES & EQUITY | $229M |
| Total Debt | $94M |
| Net Debt | -$58M |
