| Metric | FY 2024 | Prior Q | FY 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $24M | — | $27M | — | -14.0% |
| Op. Income | -$87M | — | -$50M | — | -75.4% |
| Gross Margin | 68.6% | — | 89.3% | — | -20.7pp |
| Net Margin | -446.9% | — | -167.7% | — | -279.2pp |
| EPS (Diluted) | $-2.28 | — | $-1.30 | — | -75.4% |
| Free Cash Flow | -$70M | — | -$34M | — | -105.9% |
| Item | Amount |
|---|---|
| REVENUE | $24M |
| Cost of Revenue | $7M |
| GROSS PROFIT | $16M |
| R&D Expenses | $42M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $55M |
| Other Expenses | $6M |
| Operating Expenses | $103M |
| Cost & Expenses | $111M |
| OPERATING INCOME | -$87M |
| Interest Income | $2M |
| Interest Expense | $7M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | -$90M |
| Income Tax Expense | $15M |
| Net Income from Continuing Ops | -$106M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$106M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$106M |
| D&A | $6M |
| EBIT | -$83M |
| EBITDA | -$76M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$106M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $15M |
| Deferred Income Tax | $15M |
| Other Non-Cash Items | $6M |
| Change in Working Capital | -$7M |
| OPERATING CASH FLOW | -$70M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$41M |
| Sales/Maturities of Investments | $25M |
| Other Investing Activities | -$6M |
| NET CASH FROM INVESTING | -$22M |
| Net Debt Issuance | $16M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $1M |
| NET CASH FROM FINANCING | $82M |
| FREE CASH FLOW | -$70M |
| Net Change in Cash | -$9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $34M |
| Short-Term Investments | $36M |
| Net Receivables | $11M |
| Inventory | $2M |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $86M |
| PP&E (Net) | $1M |
| Goodwill | $5M |
| Intangible Assets | $69M |
| Long-Term Investments | $6M |
| Tax Assets | $0 |
| Other Non-Current Assets | $11M |
| TOTAL NON-CURRENT ASSETS | $92M |
| TOTAL ASSETS | $178M |
| Account Payables | $13M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $34M |
| Long-Term Debt | $60M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $45M |
| TOTAL NON-CURRENT LIABILITIES | $104M |
| TOTAL LIABILITIES | $138M |
| Common Stock | $5.0K |
| Additional Paid-In Capital | $555M |
| Retained Earnings | -$505M |
| Treasury Stock | -$11M |
| Accum. Other Comp. Income | $631.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $40M |
| Minority Interest | $0 |
| TOTAL EQUITY | $40M |
| TOTAL LIABILITIES & EQUITY | $178M |
| Total Debt | $60M |
| Net Debt | $27M |
