| Metric | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Trend |
|---|---|---|---|---|---|---|---|---|---|
| EarningsRevenue | $81.44M | $47.00M | $42.89M | $52.24M | $59.19M -27.3% | $43.31M -7.9% | $54.62M +27.4% | $62.70M +20.0% | Strengthening |
| Operating Profit | -$3.87M | -$13.48M | -$15.55M | -$10.67M | -$8.51M -119.7% | -$2.48M +81.6% | -$6.33M +59.3% | $5.77M | Strengthening |
| Net Profit | -$17.93M | -$16.20M | -$24.53M | -$23.39M | -$23.75M -32.4% | -$5.33M +67.1% | -$21.71M +11.5% | -$9.37M +60.0% | Strengthening |
| EPS | $-0.38 | — | $-0.47 | $-0.41 | $-0.37 +2.6% | — | $-0.33 +29.8% | $-0.13 +68.3% | Strengthening |
| Other Income | — | — | — | — | — | — | — | — | — |
| Interest | $11.75M | $12.64M | $15.97M | $14.36M | $12.95M +10.2% | $9.63M -23.8% | $15.99M +0.1% | $15.17M +5.7% | Weakening |
| Depreciation | — | — | — | — | — | — | — | — | — |
| Profit before Tax | -$17.66M | -$28.57M | -$31.31M | -$23.92M | -$23.74M -34.4% | -$16.77M +41.3% | -$21.84M +30.2% | -$9.37M +60.8% | Strengthening |
| MarginsOPM | -4.8% | -28.7% | -36.3% | -20.4% | -14.4% -202.5% | -5.7% +80.0% | -11.6% +68.0% | 9.2% | Strengthening |
| Tax | -1.6% | 43.3% | 21.7% | 2.2% | -0.0% +98.1% | 68.2% +57.6% | 0.6% -97.2% | 0.0% -100.0% | Weakening |
| ReturnsROIC | 2.7% | 2.4% | 3.7% | 3.5% | 3.5% +32.4% | 0.8% -67.1% | 3.2% -11.5% | 1.4% -60.0% | Weakening |
| Line item | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| AssetsCash & Equivalents | $1.19M | $656.0K | $592.0K | $7.75M | $4.31M | $2.67M | $898.0K | $4.89M | $973.0K |
| Short-Term Investments | — | — | — | — | — | — | — | — | — |
| Total Current Assets | $10.31M | $12.58M | $8.68M | $20.69M | $18.14M | $36.40M | $44.70M | $26.87M | $32.99M |
| Net PP&E | $78.49M | $84.78M | $112.77M | $137.56M | $182.89M | $197.16M | $201.63M | $221.97M | $244.86M |
| Goodwill | — | — | — | — | — | — | — | — | — |
| Intangibles | — | — | — | — | — | — | — | — | — |
| Total Assets | $91.82M | $99.89M | $125.14M | $160.83M | $207.11M | $243.41M | $259.30M | $259.84M | $289.18M |
| LiabilitiesTotal Current Liabilities | $42.58M | $57.82M | $102.23M | $65.33M | $88.28M | $84.39M | $143.97M | $371.26M | $415.03M |
| Short-Term Debt | $17.30M | $22.74M | $59.52M | $22.78M | $49.22M | $37.03M | $90.53M | $317.87M | $354.18M |
| Long-Term Debt | $157.82M | $179.69M | $170.10M | $165.99M | $197.02M | $257.69M | $247.53M | $63.90M | $61.72M |
| Long-Term Leases | $0 | $200.0K | $2.58M | $2.32M | $2.19M | $1.78M | $1.81M | $1.78M | $1.48M |
| Total Liabilities | $207.40M | $254.27M | $309.88M | $281.07M | $408.97M | $460.38M | $523.23M | $566.67M | $611.29M |
| EquityCommon Stock & APIC | $20.0K | $21.0K | $23.0K | $33.0K | $36.0K | $41.0K | $51.0K | $66.0K | $72.0K |
| Retained Earnings | -$193.20M | -$237.42M | -$274.08M | -$321.23M | -$428.99M | -$475.40M | -$562.94M | -$639.94M | -$671.02M |
| Total Equity | -$115.58M | -$154.37M | -$184.74M | -$120.24M | -$201.85M | -$216.98M | -$263.93M | -$306.83M | -$322.11M |
| HighlightsNet Cash / (Debt) | -$173.93M | -$201.77M | -$229.03M | -$181.02M | -$241.93M | -$292.05M | -$337.16M | -$376.87M | -$414.92M |
| Line item | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | -$5.51M | -$2.03M | $2.48M | -$20.65M | -$22.87M | $13.82M | -$32.93M | $3.26M | -$3.60M |
| Cash from Investing | -$4.07M | -$8.58M | -$17.31M | -$22.89M | -$31.31M | -$23.69M | -$14.15M | -$25.59M | -$34.29M |
| Cash from Financing | $10.39M | $10.09M | $14.78M | $50.70M | $53.63M | $9.09M | $44.62M | $26.41M | $36.90M |
| SummaryCapital Expenditure | -$4.07M | -$8.58M | -$19.34M | -$26.65M | -$39.16M | -$33.12M | -$20.25M | -$26.00M | -$35.73M |
| Free Cash Flow | -$9.58M | -$10.61M | -$16.86M | -$47.30M | -$62.02M | -$19.29M | -$53.18M | -$22.74M | -$39.33M |
| FCF Margin | -5.6% | -5.3% | -10.2% | -22.3% | -220.6% | -25.0% | -19.9% | -11.5% | -17.9% |