| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $46M | — | $56M | — | -17.8% |
| Op. Income | -$33M | — | -$46M | — | 27.9% |
| Gross Margin | 5.9% | — | 7.1% | — | -1.2pp |
| Net Margin | -55.1% | — | -89.6% | — | 34.6pp |
| EPS (Diluted) | $-2.71 | — | $-6.69 | — | 59.5% |
| Free Cash Flow | $5M | — | -$49M | — | 110.9% |
| Item | Amount |
|---|---|
| REVENUE | $46M |
| Cost of Revenue | $43M |
| GROSS PROFIT | $3M |
| R&D Expenses | $8M |
| Selling & Marketing | $3M |
| General & Administrative | $25M |
| SG&A Expenses | $28M |
| Other Expenses | $0 |
| Operating Expenses | $36M |
| Cost & Expenses | $79M |
| OPERATING INCOME | -$33M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $8M |
| INCOME BEFORE TAX | -$25M |
| Income Tax Expense | $23.0K |
| Net Income from Continuing Ops | -$25M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$25M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$25M |
| D&A | $0 |
| EBIT | -$33M |
| EBITDA | -$33M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$25M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$6M |
| Change in Working Capital | $26M |
| OPERATING CASH FLOW | $5M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $61.0K |
| NET CASH FROM INVESTING | $61.0K |
| Net Debt Issuance | -$4M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | $5M |
| Net Change in Cash | $3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $14M |
| Short-Term Investments | $0 |
| Net Receivables | $6M |
| Inventory | $25M |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $50M |
| PP&E (Net) | $6M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $10M |
| TOTAL ASSETS | $60M |
| Account Payables | $2M |
| Short-Term Debt | $7M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $15M |
| TOTAL CURRENT LIABILITIES | $24M |
| Long-Term Debt | $12M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $13M |
| TOTAL LIABILITIES | $37M |
| Common Stock | $74.0K |
| Additional Paid-In Capital | $252M |
| Retained Earnings | -$229M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $23M |
| Minority Interest | $0 |
| TOTAL EQUITY | $23M |
| TOTAL LIABILITIES & EQUITY | $60M |
| Total Debt | $19M |
| Net Debt | $4M |
