| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $40M | — | $80M | — | -49.5% |
| Op. Income | -$132M | — | -$83M | — | -58.3% |
| Gross Margin | 89.9% | — | 100.0% | — | -10.1pp |
| Net Margin | -296.5% | — | -81.3% | — | -215.3pp |
| EPS (Diluted) | $-2.04 | — | $-1.13 | — | -80.5% |
| Free Cash Flow | -$135M | — | -$19M | — | -617.2% |
| Item | Amount |
|---|---|
| REVENUE | $40M |
| Cost of Revenue | $4M |
| GROSS PROFIT | $36M |
| R&D Expenses | $135M |
| Selling & Marketing | $0 |
| General & Administrative | $38M |
| SG&A Expenses | $38M |
| Other Expenses | -$4M |
| Operating Expenses | $168M |
| Cost & Expenses | $172M |
| OPERATING INCOME | -$132M |
| Interest Income | $11M |
| Interest Expense | $0 |
| Other Income/Expenses | $12M |
| INCOME BEFORE TAX | -$120M |
| Income Tax Expense | $144.0K |
| Net Income from Continuing Ops | -$120M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$120M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$120M |
| D&A | $4M |
| EBIT | -$132M |
| EBITDA | -$128M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$120M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $15M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $5M |
| Change in Working Capital | -$34M |
| OPERATING CASH FLOW | -$132M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$134M |
| Sales/Maturities of Investments | $262M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $125M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $816.0K |
| FREE CASH FLOW | -$135M |
| Net Change in Cash | -$6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $65M |
| Short-Term Investments | $131M |
| Net Receivables | $2M |
| Inventory | $0 |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $203M |
| PP&E (Net) | $42M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $8M |
| TOTAL NON-CURRENT ASSETS | $50M |
| TOTAL ASSETS | $252M |
| Account Payables | $5M |
| Short-Term Debt | $8M |
| Deferred Revenue | $2M |
| Other Current Liabilities | $12M |
| TOTAL CURRENT LIABILITIES | $27M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $30M |
| TOTAL LIABILITIES | $56M |
| Common Stock | $59.0K |
| Additional Paid-In Capital | $642M |
| Retained Earnings | -$446M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $32.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $196M |
| Minority Interest | $0 |
| TOTAL EQUITY | $196M |
| TOTAL LIABILITIES & EQUITY | $252M |
| Total Debt | $36M |
| Net Debt | -$29M |
