| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $216M | — | $199M | — | 8.7% |
| Op. Income | -$151M | — | -$41M | — | -271.8% |
| Gross Margin | 94.0% | — | 94.3% | — | -0.3pp |
| Net Margin | -102.0% | — | -9.5% | — | -92.5pp |
| EPS (Diluted) | $-3.74 | — | $-0.32 | — | -1068.8% |
| Free Cash Flow | -$110M | — | -$16M | — | -579.8% |
| Item | Amount |
|---|---|
| REVENUE | $216M |
| Cost of Revenue | $13M |
| GROSS PROFIT | $203M |
| R&D Expenses | $109M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $238M |
| Other Expenses | $7M |
| Operating Expenses | $354M |
| Cost & Expenses | $367M |
| OPERATING INCOME | -$151M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $13M |
| INCOME BEFORE TAX | -$139M |
| Income Tax Expense | $82M |
| Net Income from Continuing Ops | -$220M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$220M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$220M |
| D&A | $12M |
| EBIT | -$151M |
| EBITDA | -$139M |
| EPS | -$4 |
| EPS Diluted | -$4 |
| Item | Amount |
|---|---|
| Net Income | -$220M |
| Depreciation & Amortization | -$950.0K |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | $81M |
| Other Non-Cash Items | $13M |
| Change in Working Capital | $8M |
| OPERATING CASH FLOW | -$109M |
| Capital Expenditure | -$998.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$112M |
| Sales/Maturities of Investments | $208M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $95M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$915.0K |
| NET CASH FROM FINANCING | -$3M |
| FREE CASH FLOW | -$110M |
| Net Change in Cash | -$17M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $85M |
| Short-Term Investments | $179M |
| Net Receivables | $55M |
| Inventory | $2M |
| Other Current Assets | $27M |
| TOTAL CURRENT ASSETS | $347M |
| PP&E (Net) | $14M |
| Goodwill | $0 |
| Intangible Assets | $117M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $11M |
| TOTAL NON-CURRENT ASSETS | $142M |
| TOTAL ASSETS | $489M |
| Account Payables | $5M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $97M |
| TOTAL CURRENT LIABILITIES | $145M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $10M |
| TOTAL NON-CURRENT LIABILITIES | $17M |
| TOTAL LIABILITIES | $162M |
| Common Stock | $59.0K |
| Additional Paid-In Capital | $721M |
| Retained Earnings | -$395M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $629.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $327M |
| Minority Interest | $0 |
| TOTAL EQUITY | $327M |
| TOTAL LIABILITIES & EQUITY | $489M |
| Total Debt | $13M |
| Net Debt | -$72M |
