| Metric | FY 2024 | Prior Q | FY 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $56M | — | $45M | — | 25.7% |
| Op. Income | -$46M | — | -$65M | — | 29.4% |
| Gross Margin | 7.1% | — | -2.9% | — | 10.0pp |
| Net Margin | -89.6% | — | -170.3% | — | 80.7pp |
| EPS (Diluted) | $-6.69 | — | $-13.11 | — | 49.0% |
| Free Cash Flow | -$49M | — | -$41M | — | -20.7% |
| Item | Amount |
|---|---|
| REVENUE | $56M |
| Cost of Revenue | $52M |
| GROSS PROFIT | $4M |
| R&D Expenses | $11M |
| Selling & Marketing | $4M |
| General & Administrative | $35M |
| SG&A Expenses | $39M |
| Other Expenses | $0 |
| Operating Expenses | $50M |
| Cost & Expenses | $102M |
| OPERATING INCOME | -$46M |
| Interest Income | $0 |
| Interest Expense | $214.0K |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | -$50M |
| Income Tax Expense | $37.0K |
| Net Income from Continuing Ops | -$50M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$50M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$50M |
| D&A | $5M |
| EBIT | -$46M |
| EBITDA | -$41M |
| EPS | -$7 |
| EPS Diluted | -$7 |
| Item | Amount |
|---|---|
| Net Income | -$50M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $11M |
| Change in Working Capital | -$23M |
| OPERATING CASH FLOW | -$49M |
| Capital Expenditure | -$304.0K |
| Acquisitions (Net) | $51M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $125.0K |
| NET CASH FROM INVESTING | $51M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$3M |
| FREE CASH FLOW | -$49M |
| Net Change in Cash | -$644.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $11M |
| Short-Term Investments | $0 |
| Net Receivables | $29M |
| Inventory | $37M |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $82M |
| PP&E (Net) | $9M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $7M |
| TOTAL NON-CURRENT ASSETS | $16M |
| TOTAL ASSETS | $98M |
| Account Payables | $9M |
| Short-Term Debt | $22M |
| Deferred Revenue | $2M |
| Other Current Liabilities | $740.0K |
| TOTAL CURRENT LIABILITIES | $47M |
| Long-Term Debt | $224.0K |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $756.0K |
| TOTAL NON-CURRENT LIABILITIES | $18M |
| TOTAL LIABILITIES | $65M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $237M |
| Retained Earnings | -$203M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $34M |
| Minority Interest | $0 |
| TOTAL EQUITY | $34M |
| TOTAL LIABILITIES & EQUITY | $98M |
| Total Debt | $43M |
| Net Debt | $32M |
