| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $62M | — | $42M | — | 48.3% |
| Op. Income | -$111M | — | -$146M | — | 23.6% |
| Gross Margin | 96.3% | — | 100.0% | — | -3.7pp |
| Net Margin | -162.9% | — | -309.7% | — | 146.9pp |
| EPS (Diluted) | $-0.87 | — | $-1.19 | — | 26.9% |
| Free Cash Flow | -$140M | — | -$132M | — | -5.8% |
| Item | Amount |
|---|---|
| REVENUE | $62M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $60M |
| R&D Expenses | $132M |
| Selling & Marketing | $0 |
| General & Administrative | $42M |
| SG&A Expenses | $42M |
| Other Expenses | -$2M |
| Operating Expenses | $171M |
| Cost & Expenses | $174M |
| OPERATING INCOME | -$111M |
| Interest Income | $6M |
| Interest Expense | $0 |
| Other Income/Expenses | $10M |
| INCOME BEFORE TAX | -$102M |
| Income Tax Expense | $4.0K |
| Net Income from Continuing Ops | -$102M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$102M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$102M |
| D&A | $2M |
| EBIT | -$111M |
| EBITDA | -$109M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$102M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $26M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$67M |
| OPERATING CASH FLOW | -$139M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$264M |
| Sales/Maturities of Investments | $225M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$41M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$36.0K |
| NET CASH FROM FINANCING | $223M |
| FREE CASH FLOW | -$140M |
| Net Change in Cash | $43M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $112M |
| Short-Term Investments | $231M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $11M |
| TOTAL CURRENT ASSETS | $354M |
| PP&E (Net) | $42M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $45M |
| TOTAL ASSETS | $399M |
| Account Payables | $1M |
| Short-Term Debt | $3M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $18M |
| TOTAL CURRENT LIABILITIES | $22M |
| Long-Term Debt | $31M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $31M |
| TOTAL LIABILITIES | $53M |
| Common Stock | $136.0K |
| Additional Paid-In Capital | $949M |
| Retained Earnings | -$603M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $224.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $346M |
| Minority Interest | $0 |
| TOTAL EQUITY | $346M |
| TOTAL LIABILITIES & EQUITY | $399M |
| Total Debt | $34M |
| Net Debt | -$79M |
