| Metric | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Trend |
|---|---|---|---|---|---|---|---|---|---|
| EarningsRevenue | $32.59M | $33.79M | $34.61M | $36.30M | $37.16M +14.0% | $37.76M +11.8% | $38.67M +11.7% | $42.71M +17.7% | Strengthening |
| Operating Profit | -$12.20M | -$13.77M | -$8.77M | -$6.24M | -$3.32M +72.8% | -$5.29M +61.6% | -$5.35M +39.0% | -$4.17M +33.1% | Strengthening |
| Net Profit | -$12.75M | -$14.38M | -$9.32M | -$7.10M | -$3.78M +70.4% | -$5.41M +62.3% | -$6.15M +34.1% | -$5.09M +28.3% | Strengthening |
| EPS | $-0.29 | — | $-0.17 | $-0.13 | $-0.07 +75.9% | — | $-0.10 +41.2% | $-0.08 +38.5% | Strengthening |
| Other Income | — | — | — | — | — | — | — | — | — |
| Interest | $868.0K | $968.0K | $853.0K | $880.0K | $934.0K +7.6% | $1.20M +23.9% | $1.21M +41.7% | $1.26M +43.5% | Strengthening |
| Depreciation | — | — | — | — | — | — | — | — | — |
| Profit before Tax | -$12.75M | -$14.38M | -$9.24M | -$7.10M | -$3.78M +70.4% | -$5.41M +62.3% | -$6.12M +33.8% | -$5.05M +28.9% | Strengthening |
| MarginsOPM | -37.4% | -40.8% | -25.3% | -17.2% | -8.9% +76.1% | -14.0% +65.6% | -13.8% +45.4% | -9.8% +43.2% | Strengthening |
| Tax | 0.0% | 0.0% | -0.9% | 0.0% | 0.0% | 0.0% | -0.5% +49.5% | -0.8% | Strengthening |
| ReturnsROIC | 5.1% | 5.7% | 3.7% | 2.8% | 1.5% -70.4% | 2.2% -62.3% | 2.5% -34.1% | 2.0% -28.3% | Weakening |
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | TTM |
|---|---|---|---|---|---|---|---|
| AssetsCash & Equivalents | $6.08M | $104.84M | $6.69M | $12.50M | $45.78M | $29.18M | $32.43M |
| Short-Term Investments | — | — | — | — | $9.14M | $22.20M | $17.45M |
| Total Current Assets | $9.23M | $111.08M | $74.40M | $38.51M | $65.75M | $65.69M | $68.70M |
| Net PP&E | $38.75M | $43.07M | $56.26M | $55.58M | $58.82M | $80.02M | $102.84M |
| Goodwill | — | — | — | — | — | — | — |
| Intangibles | — | — | — | — | — | $40.83M | $42.24M |
| Total Assets | $54.47M | $163.58M | $152.46M | $131.69M | $168.56M | $191.83M | $223.84M |
| LiabilitiesTotal Current Liabilities | $36.37M | $45.06M | $56.27M | $57.09M | $59.80M | $61.62M | $68.80M |
| Short-Term Debt | $628.0K | $0 | $0 | — | — | — | — |
| Long-Term Debt | — | — | — | — | — | — | — |
| Long-Term Leases | — | $0 | $5.03M | $8.15M | $12.84M | $20.17M | $30.94M |
| Total Liabilities | $58.52M | $68.09M | $83.71M | $86.75M | $90.94M | $108.61M | $135.30M |
| EquityCommon Stock & APIC | $5.0K | — | — | — | — | — | — |
| Retained Earnings | -$14.64M | -$36.34M | -$87.74M | -$147.45M | -$195.99M | -$221.60M | -$232.83M |
| Total Equity | -$6.84M | $95.49M | $68.75M | $44.94M | $77.62M | $83.22M | $88.54M |
| HighlightsNet Cash / (Debt) | — | — | — | — | — | — | — |
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | TTM |
|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | $12.82M | $3.52M | -$13.78M | -$7.35M | $12.51M | $23.54M | $28.84M |
| Cash from Investing | -$4.97M | -$11.19M | -$73.85M | $21.66M | -$6.13M | -$25.34M | -$12.47M |
| Cash from Financing | -$8.75M | $106.61M | -$6.21M | -$8.84M | $22.77M | -$14.80M | -$16.13M |
| SummaryCapital Expenditure | -$2.13M | -$7.56M | -$7.35M | -$5.51M | -$1.71M | -$4.69M | -$4.86M |
| Free Cash Flow | $10.69M | -$4.04M | -$21.13M | -$12.86M | $10.79M | $18.85M | $23.98M |
| FCF Margin | 19.9% | -6.0% | -24.8% | -12.6% | 8.5% | 12.9% | 15.3% |