| Metric | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Trend |
|---|---|---|---|---|---|---|---|---|---|
| EarningsRevenue | $13.54M | $11.87M | $8.72M | $10.00M | $12.81M -5.4% | $13.02M +9.7% | $14.45M +65.7% | $13.82M +38.1% | Strengthening |
| Operating Profit | -$8.29M | -$13.58M | -$19.36M | -$11.37M | -$11.48M -38.5% | -$28.84M -112.4% | -$4.20M +78.3% | -$8.22M +27.7% | Stable |
| Net Profit | -$11.51M | -$17.05M | -$22.93M | -$13.55M | -$15.45M -34.2% | -$31.86M -86.8% | -$8.06M +64.9% | -$22.86M -68.8% | Weakening |
| EPS | $-0.13 | — | $-0.24 | $-0.14 | $-0.14 -7.7% | — | $-0.07 +70.8% | $-0.18 -28.6% | Strengthening |
| Other Income | — | — | — | — | — | — | — | — | — |
| Interest | $2.78M | $2.78M | $2.78M | $2.78M | $2.78M -0.0% | $2.78M -0.0% | $2.90M +4.3% | $2.81M +0.9% | Stable |
| Depreciation | — | — | — | — | — | — | — | — | — |
| Profit before Tax | -$11.51M | -$17.07M | -$22.93M | -$13.55M | -$15.45M -34.2% | -$31.86M -86.7% | -$8.06M +64.9% | -$22.86M -68.8% | Weakening |
| MarginsOPM | -61.2% | -114.4% | -222.1% | -113.7% | -89.6% -46.4% | -221.6% -93.6% | -29.1% +86.9% | -59.5% +47.6% | Strengthening |
| Tax | 0.0% | 0.1% | 0.0% | 0.0% | 0.0% | 0.0% -100.0% | 0.0% | 0.0% | Weakening |
| ReturnsROIC | 2.4% | 3.6% | 4.8% | 2.8% | 3.2% +34.2% | 6.7% +86.8% | 1.7% -64.9% | 4.8% +68.8% | Strengthening |
| Line item | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| AssetsCash & Equivalents | $60.60M | $49.33M | $31.81M | $28.02M | $27.27M | $23.87M | $71.55M | $121.17M | $98.49M |
| Short-Term Investments | — | — | — | — | — | — | — | — | — |
| Total Current Assets | $74.20M | $68.31M | $44.63M | $47.26M | $39.89M | $40.97M | $88.22M | $149.27M | $118.49M |
| Net PP&E | $12.21M | $9.73M | $10.32M | $7.78M | $9.30M | $9.74M | $8.98M | $8.51M | $11.91M |
| Goodwill | — | — | — | — | — | — | — | — | — |
| Intangibles | $204.0K | $153.0K | $102.0K | $51.0K | $1.44M | $1.28M | $0 | $0 | — |
| Total Assets | $86.85M | $78.48M | $62.88M | $61.99M | $57.07M | $57.42M | $101.42M | $160.43M | $132.10M |
| LiabilitiesTotal Current Liabilities | $32.95M | $18.55M | $21.10M | $21.96M | $39.53M | $18.31M | $18.86M | $47.61M | $16.48M |
| Short-Term Debt | — | — | — | — | — | — | — | $9.99M | $32.0K |
| Long-Term Debt | — | $70.00M | $51.50M | — | — | $45.00M | $45.00M | $45.00M | $55.00M |
| Long-Term Leases | — | $0 | $2.85M | $1.95M | $5.08M | $5.40M | $4.97M | $4.34M | $7.53M |
| Total Liabilities | $76.77M | $84.60M | $111.38M | $144.13M | $175.62M | $163.91M | $161.58M | $194.09M | $188.69M |
| EquityCommon Stock & APIC | $25.0K | $34.0K | $35.0K | $41.0K | $55.0K | $69.0K | $91.0K | $122.0K | $126.0K |
| Retained Earnings | -$61.38M | -$130.47M | -$186.26M | -$256.80M | -$311.21M | -$319.08M | -$363.21M | -$447.00M | -$477.92M |
| Total Equity | $10.08M | -$6.12M | -$48.50M | -$82.13M | -$118.55M | -$106.49M | -$60.16M | -$33.66M | -$56.59M |
| HighlightsNet Cash / (Debt) | — | — | — | — | — | — | — | $66.17M | $43.46M |
| Line item | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | -$12.99M | -$60.21M | -$45.46M | -$32.98M | -$9.82M | -$6.38M | -$35.76M | -$52.43M | -$45.37M |
| Cash from Investing | -$1.82M | -$663.0K | -$517.0K | -$913.0K | -$2.52M | -$995.0K | -$159.0K | -$562.0K | -$584.0K |
| Cash from Financing | $58.03M | $49.60M | $28.46M | $30.11M | $11.59M | $3.97M | $83.59M | $102.62M | $83.90M |
| SummaryCapital Expenditure | -$1.82M | -$663.0K | -$517.0K | -$913.0K | -$1.02M | -$995.0K | -$159.0K | -$562.0K | -$584.0K |
| Free Cash Flow | -$14.81M | -$60.87M | -$45.98M | -$33.89M | -$10.84M | -$7.38M | -$35.92M | -$52.99M | -$45.95M |
| FCF Margin | -22.0% | -115.7% | -100.3% | -66.7% | -22.7% | -14.6% | -62.4% | -119.0% | -85.0% |