| Metric | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Trend |
|---|---|---|---|---|---|---|---|---|---|
| EarningsRevenue | $18.15M | $20.43M | $17.96M | $20.02M | $21.77M +19.9% | $28.75M +40.8% | $25.55M +42.3% | $26.86M +34.2% | Strengthening |
| Operating Profit | -$8.59M | -$6.65M | -$9.14M | -$9.72M | -$7.05M +17.9% | -$1.97M +70.4% | -$6.20M +32.1% | -$5.39M +44.6% | Strengthening |
| Net Profit | -$10.26M | -$8.25M | -$11.10M | -$11.47M | -$8.72M +15.0% | -$3.98M +51.8% | -$7.79M +29.8% | -$7.27M +36.6% | Strengthening |
| EPS | $-1.40 | — | $-1.52 | $-1.56 | $-1.16 +17.1% | — | $-0.81 +46.7% | $-0.71 +54.5% | Strengthening |
| Other Income | -$1.67M | -$1.60M | -$1.97M | -$1.75M | -$1.67M +0.1% | -$2.01M -25.7% | -$1.59M +19.0% | -$1.89M -7.8% | Weakening |
| Interest | $2.04M | $1.75M | $1.69M | $1.90M | $2.07M +1.6% | $2.06M +17.5% | $1.98M +17.3% | $1.98M +4.4% | Strengthening |
| Depreciation | — | — | — | — | — | — | — | — | — |
| Profit before Tax | — | — | — | — | — | — | — | — | — |
| MarginsOPM | -47.3% | -32.5% | -50.9% | -48.5% | -32.4% +31.6% | -6.8% +79.0% | -24.3% +52.3% | -20.1% +58.7% | Strengthening |
| Tax | — | — | — | — | — | — | — | — | — |
| ReturnsROIC | 2.0% | 1.6% | 2.2% | 2.2% | 1.7% -15.0% | 0.8% -51.8% | 1.5% -29.8% | 1.4% -36.6% | Weakening |
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | TTM |
|---|---|---|---|---|---|---|---|---|
| AssetsCash & Equivalents | $5.29M | $62.13M | $32.71M | $43.09M | $26.28M | $26.25M | $18.99M | $30.00M |
| Short-Term Investments | — | — | — | — | — | — | — | — |
| Total Current Assets | $12.70M | $86.14M | $43.61M | $53.33M | $39.68M | $39.48M | $32.52M | $43.56M |
| Net PP&E | $2.12M | $3.18M | $5.68M | $8.82M | $29.61M | $29.59M | $27.81M | $27.34M |
| Goodwill | $15.03M | $15.03M | $15.03M | $15.03M | $15.03M | $15.03M | $15.03M | $15.03M |
| Intangibles | $15.09M | $13.26M | $11.62M | $9.80M | $7.91M | $5.87M | $3.88M | $2.98M |
| Total Assets | $45.03M | $121.07M | $76.10M | $92.91M | $99.10M | $97.24M | $87.48M | $95.33M |
| LiabilitiesTotal Current Liabilities | $22.60M | $32.13M | $28.96M | $22.84M | $33.42M | $14.32M | $17.44M | $15.29M |
| Short-Term Debt | — | — | — | — | — | — | — | — |
| Long-Term Debt | — | $28.08M | $10.07M | $30.13M | $40.08M | $40.03M | $50.01M | $50.00M |
| Long-Term Leases | — | — | — | $5.25M | $25.16M | $24.83M | $24.04M | $23.37M |
| Total Liabilities | $76.21M | $79.90M | $56.37M | $72.30M | $94.52M | $76.37M | $89.94M | $86.18M |
| EquityCommon Stock & APIC | $1.0K | $27.0K | $31.0K | $78.0K | $96.0K | $7.0K | $8.0K | $11.0K |
| Retained Earnings | -$227.46M | -$258.81M | -$301.97M | -$367.42M | -$419.57M | -$462.50M | -$497.76M | -$512.83M |
| Total Equity | -$225.14M | $41.17M | $19.73M | $20.61M | $4.58M | $20.88M | -$2.46M | $9.14M |
| HighlightsNet Cash / (Debt) | — | — | — | — | — | — | — | — |
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | TTM |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | -$21.73M | -$21.37M | -$28.22M | -$44.97M | -$22.87M | -$48.65M | -$23.27M | -$19.83M |
| Cash from Investing | -$1.87M | -$2.93M | -$2.55M | -$3.53M | -$23.06M | -$3.44M | -$403.0K | -$569.0K |
| Cash from Financing | $22.97M | $81.13M | $1.26M | $58.88M | $29.13M | $52.05M | $16.42M | $29.67M |
| SummaryCapital Expenditure | -$1.31M | -$1.95M | -$2.24M | -$3.30M | -$22.92M | -$3.23M | -$259.0K | -$412.0K |
| Free Cash Flow | -$23.04M | -$23.31M | -$30.46M | -$48.27M | -$45.79M | -$51.88M | -$23.53M | -$20.24M |
| FCF Margin | -93.8% | -51.2% | -55.9% | -126.3% | -93.3% | -72.7% | -26.6% | -19.7% |