| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $110M | — | $90M | — | 21.4% |
| Op. Income | -$125M | — | -$97M | — | -29.0% |
| Gross Margin | 88.7% | — | 90.2% | — | -1.5pp |
| Net Margin | -139.8% | — | -140.4% | — | 0.5pp |
| EPS (Diluted) | $-3.19 | — | $-2.96 | — | -7.8% |
| Free Cash Flow | -$163M | — | -$97M | — | -67.7% |
| Item | Amount |
|---|---|
| REVENUE | $110M |
| Cost of Revenue | $12M |
| GROSS PROFIT | $97M |
| R&D Expenses | $67M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $155M |
| Other Expenses | $0 |
| Operating Expenses | $222M |
| Cost & Expenses | $235M |
| OPERATING INCOME | -$125M |
| Interest Income | $6M |
| Interest Expense | $34M |
| Other Income/Expenses | -$29M |
| INCOME BEFORE TAX | -$153M |
| Income Tax Expense | $78.0K |
| NET INCOME | -$153M |
| D&A | $2M |
| EBIT | -$138M |
| EBITDA | -$136M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$153M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $12M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $5M |
| Change in Working Capital | -$28M |
| OPERATING CASH FLOW | -$162M |
| Capital Expenditure | -$289.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$77M |
| Sales/Maturities of Investments | $139M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $62M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $40M |
| FREE CASH FLOW | -$163M |
| Net Change in Cash | -$61M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $111M |
| Short-Term Investments | $10M |
| Net Receivables | $33M |
| Inventory | $16M |
| Other Current Assets | $16M |
| TOTAL CURRENT ASSETS | $186M |
| PP&E (Net) | $9M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $14M |
| TOTAL ASSETS | $200M |
| Account Payables | $12M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $34M |
| TOTAL CURRENT LIABILITIES | $46M |
| Long-Term Debt | $122M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $131M |
| TOTAL NON-CURRENT LIABILITIES | $260M |
| TOTAL LIABILITIES | $306M |
| Common Stock | $133.0K |
| Additional Paid-In Capital | $854M |
| Retained Earnings | -$960M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $19.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$105M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$105M |
| TOTAL LIABILITIES & EQUITY | $200M |
| Total Debt | $128M |
| Net Debt | $18M |
