| Metric | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Trend |
|---|---|---|---|---|---|---|---|---|---|
| EarningsRevenue | $23.64M | $25.11M | $19.36M | $17.97M | $27.95M +18.2% | $23.04M -8.2% | $26.92M +39.1% | $47.59M +164.8% | Strengthening |
| Operating Profit | -$3.41M | -$6.17M | -$10.28M | -$6.75M | -$1.12M +67.0% | -$3.83M +37.8% | -$1.58M +84.6% | $10.42M | Strengthening |
| Net Profit | -$2.94M | -$5.09M | -$8.80M | -$7.01M | -$1.91M +35.1% | -$3.55M +30.3% | -$1.62M +81.6% | $11.13M | Strengthening |
| EPS | $-0.07 | — | $-0.20 | $-0.16 | $-0.04 +42.9% | — | $-0.03 +85.0% | $0.18 | Strengthening |
| Other Income | — | — | — | — | — | — | — | — | — |
| Interest | $391.0K | — | — | $202.0K | $395.0K +1.0% | — | — | — | — |
| Depreciation | — | — | — | — | — | — | — | — | — |
| Profit before Tax | -$2.26M | -$5.54M | -$9.94M | -$7.09M | -$1.17M +48.3% | -$3.34M +39.8% | -$1.05M +89.4% | $15.13M | Strengthening |
| MarginsOPM | -14.4% | -24.6% | -53.1% | -37.5% | -4.0% +72.1% | -16.6% +32.2% | -5.9% +88.9% | 21.9% | Strengthening |
| Tax | -27.7% | -2.0% | -0.7% | -8.2% | -43.1% -55.7% | -15.0% -635.8% | -40.8% -5408.1% | 13.9% | Weakening |
| ReturnsROIC | 5.3% | 9.2% | 15.9% | 12.7% | 3.4% -35.1% | 6.4% -30.3% | 2.9% -81.6% | -20.1% -258.8% | Weakening |
| Line item | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| AssetsCash & Equivalents | $16.53M | $26.89M | $72.60M | $36.76M | $34.95M | $37.75M | $22.83M | $120.27M | $412.17M |
| Short-Term Investments | — | — | — | — | — | — | — | — | — |
| Total Current Assets | $128.54M | $113.20M | $164.52M | $160.19M | $183.54M | $170.66M | $158.27M | $246.56M | $598.80M |
| Net PP&E | $82.28M | $100.34M | $118.51M | $144.74M | $162.78M | $169.15M | $162.20M | $163.84M | $176.69M |
| Goodwill | — | — | — | — | — | — | — | — | — |
| Intangibles | — | — | — | — | — | — | — | — | — |
| Total Assets | $223.52M | $223.35M | $298.86M | $332.44M | $370.07M | $358.70M | $339.31M | $433.75M | $1.10B |
| LiabilitiesTotal Current Liabilities | $28.71M | $27.53M | $39.08M | $47.82M | $75.33M | $81.56M | $74.18M | $90.54M | $125.66M |
| Short-Term Debt | — | — | — | $12.23M | $47.08M | $52.92M | $47.26M | $62.80M | $84.23M |
| Long-Term Debt | — | — | — | — | — | — | — | — | — |
| Long-Term Leases | — | $2.69M | $2.37M | $1.94M | $1.32M | $2.35M | $1.98M | $1.44M | $1.16M |
| Total Liabilities | $28.99M | $30.59M | $43.33M | $52.21M | $80.33M | $89.56M | $84.41M | $99.12M | $145.34M |
| EquityCommon Stock & APIC | $40.0K | $41.0K | $42.0K | $43.0K | $44.0K | $44.0K | $45.0K | $55.0K | $66.0K |
| Retained Earnings | -$45.18M | -$47.78M | -$44.55M | -$29.97M | -$14.16M | -$32.04M | -$43.66M | -$64.92M | -$55.42M |
| Total Equity | $190.84M | $187.88M | $192.62M | $211.53M | $221.61M | $203.99M | $192.77M | $273.29M | $887.27M |
| HighlightsNet Cash / (Debt) | — | — | — | — | — | — | — | — | — |
| Line item | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | $3.22M | $12.66M | $5.87M | -$3.31M | -$8.77M | $3.40M | -$12.11M | -$12.78M | -$5.76M |
| Cash from Investing | -$30.83M | -$8.33M | -$16.42M | -$38.81M | -$25.22M | -$2.60M | -$4.45M | -$6.83M | -$319.37M |
| Cash from Financing | $213.0K | $6.19M | $52.66M | $5.72M | $38.03M | $8.61M | -$536.0K | $107.09M | $729.88M |
| SummaryCapital Expenditure | -$40.54M | -$21.79M | -$19.86M | -$29.64M | -$28.46M | -$10.47M | -$5.77M | -$6.00M | -$13.80M |
| Free Cash Flow | -$37.32M | -$9.13M | -$13.99M | -$32.95M | -$37.23M | -$7.07M | -$17.88M | -$18.78M | -$19.57M |
| FCF Margin | -36.4% | -11.0% | -14.7% | -24.0% | -26.4% | -9.3% | -18.0% | -21.3% | -15.6% |