| Metric | Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Trend |
|---|---|---|---|---|---|---|---|---|---|
| EarningsRevenue | $116.21M | $126.11M | $126.45M | $115.41M | $102.86M -11.5% | $106.97M -15.2% | $98.45M -22.1% | $86.56M -25.0% | Weakening |
| Operating Profit | -$10.59M | -$5.70M | -$12.24M | -$6.62M | -$8.35M +21.1% | -$10.66M -87.1% | -$8.98M +26.6% | -$12.18M -84.2% | Weakening |
| Net Profit | -$10.04M | -$5.26M | -$11.51M | -$6.07M | -$7.03M +30.0% | -$10.67M -102.8% | -$8.65M +24.9% | -$12.66M -108.7% | Weakening |
| EPS | $-0.06 | $-0.03 | $-0.07 | — | $-0.04 +33.3% | $-0.06 -100.0% | $-0.05 +28.6% | — | Weakening |
| Other Income | — | — | — | — | — | — | — | — | — |
| Interest | $711.0K | $687.0K | $677.0K | $713.0K | $709.0K -0.3% | $711.0K +3.5% | $415.0K -38.7% | $21.0K -97.1% | Weakening |
| Depreciation | — | — | — | — | — | — | — | — | — |
| Profit before Tax | -$10.04M | -$5.26M | -$11.51M | -$6.07M | -$7.03M +30.0% | -$10.67M -102.8% | -$8.65M +24.9% | -$12.66M -108.7% | Weakening |
| MarginsOPM | -9.1% | -4.5% | -9.7% | -5.7% | -8.1% +10.9% | -10.0% -120.4% | -9.1% +5.7% | -14.1% -145.5% | Weakening |
| Tax | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| ReturnsROIC | 2.4% | 1.3% | 2.7% | 1.4% | 1.7% -30.0% | 2.5% +102.8% | 2.1% -24.9% | 3.0% +108.7% | Strengthening |
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|
| AssetsCash & Equivalents | $9.68M | $38.28M | $199.40M | $177.91M | $125.50M | $94.02M | $19.28M |
| Short-Term Investments | — | — | — | — | — | — | — |
| Total Current Assets | — | $132.07M | $368.14M | $312.35M | $221.75M | $201.64M | $121.74M |
| Net PP&E | — | $13.46M | $57.68M | $76.74M | $58.33M | $49.75M | $41.98M |
| Goodwill | — | — | — | — | — | — | — |
| Intangibles | — | $2.07M | $3.84M | $4.09M | $11.92M | $5.43M | $1.57M |
| Total Assets | — | $150.86M | $434.06M | $400.42M | $298.59M | $260.63M | $169.99M |
| LiabilitiesTotal Current Liabilities | — | $122.28M | $108.61M | $99.60M | $75.48M | $124.04M | $65.40M |
| Short-Term Debt | — | — | — | — | $0 | $42.57M | $0 |
| Long-Term Debt | — | $115.73M | $76.19M | $81.22M | $39.93M | $0 | $0 |
| Long-Term Leases | — | $0 | $28.85M | $47.24M | $42.60M | $36.80M | $32.47M |
| Total Liabilities | — | $249.85M | $217.00M | $229.88M | $159.21M | $161.11M | $97.97M |
| EquityCommon Stock & APIC | — | $0 | $1.0K | $1.0K | $1.0K | $1.0K | $1.0K |
| Retained Earnings | — | -$179.95M | -$248.25M | -$309.83M | -$346.82M | -$379.77M | -$418.86M |
| Total Equity | -$135.39M | -$158.97M | $217.06M | $170.54M | $139.38M | $99.53M | $72.02M |
| HighlightsNet Cash / (Debt) | — | — | — | — | $85.57M | $51.45M | $19.28M |
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | -$19.67M | -$19.62M | -$172.34M | $4.69M | $6.06M | -$7.08M | -$23.16M |
| Cash from Investing | -$4.68M | -$4.83M | -$21.17M | -$21.14M | -$8.83M | -$6.16M | -$3.42M |
| Cash from Financing | $22.68M | $54.50M | $355.46M | -$2.10M | -$49.62M | -$19.87M | -$45.71M |
| SummaryCapital Expenditure | — | -$4.83M | -$21.17M | -$21.32M | -$8.83M | -$6.16M | -$3.42M |
| Free Cash Flow | — | -$24.44M | -$193.51M | -$16.63M | -$2.77M | -$13.24M | -$26.57M |
| FCF Margin | — | -6.5% | -38.1% | -3.1% | -0.6% | -2.7% | -6.7% |