| Metric | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Trend |
|---|---|---|---|---|---|---|---|---|---|
| EarningsRevenue | $2.26M | $11.13M | — | — | — | — | — | — | — |
| Operating Profit | -$13.01M | -$7.70M | -$24.98M | -$27.72M | -$26.28M -102.0% | -$29.16M -278.9% | -$36.77M -47.2% | -$42.95M -54.9% | Weakening |
| Net Profit | -$12.56M | -$7.12M | -$24.39M | -$25.91M | -$24.57M -95.7% | -$30.17M -324.0% | -$33.94M -39.2% | -$40.73M -57.2% | Weakening |
| EPS | $-0.38 | — | $-0.53 | $-0.57 | $-0.54 -42.1% | — | $-0.59 -11.3% | $-0.70 -22.8% | Weakening |
| Other Income | $453.2K | $581.2K | $591.4K | $1.81M | $1.71M +278.1% | -$1.01M -274.3% | $2.83M +378.8% | $2.21M +22.4% | Strengthening |
| Interest | — | — | — | — | — | — | — | — | — |
| Depreciation | — | — | — | — | — | — | — | — | — |
| Profit before Tax | — | — | -$24.39M | -$25.91M | — | — | -$33.94M -39.2% | -$40.73M -57.2% | Weakening |
| MarginsOPM | -575.2% | -69.2% | — | — | — | — | — | — | — |
| Tax | — | — | 0.0% | -0.0% | — | — | 0.0% | 0.0% +100.0% | Strengthening |
| ReturnsROIC | 3.3% | 1.9% | 6.4% | 6.8% | 6.5% +95.7% | 8.0% +324.0% | 8.9% +39.2% | 10.7% +57.2% | Strengthening |
| Line item | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| AssetsCash & Equivalents | $4.26M | $3.90M | $32.67M | $34.89M | $9.60M | $14.69M | $11.29M | $287.85M | $20.94M |
| Short-Term Investments | $3.00M | $5.99M | — | $0 | $31.82M | $24.79M | $140.23M | — | — |
| Total Current Assets | $8.47M | $10.54M | $33.68M | $36.44M | $42.89M | $50.86M | $163.39M | $322.94M | $242.13M |
| Net PP&E | $574.2K | $442.8K | $850.8K | $4.62M | $6.94M | $7.61M | $6.87M | $31.85M | $124.96M |
| Goodwill | — | — | — | — | — | — | — | — | — |
| Intangibles | $49.8K | $6.5K | $2.2K | $0 | — | — | — | — | — |
| Total Assets | $9.25M | $11.11M | $34.62M | $41.33M | $50.09M | $58.73M | $170.48M | $355.95M | $368.74M |
| LiabilitiesTotal Current Liabilities | $1.26M | $898.0K | $2.97M | $4.13M | $23.59M | $31.27M | $21.03M | $35.84M | $32.96M |
| Short-Term Debt | — | — | — | — | — | — | — | — | — |
| Long-Term Debt | — | — | — | — | — | — | — | — | — |
| Long-Term Leases | — | — | $0 | $2.45M | $1.88M | $1.49M | $616.3K | $14.32M | $89.56M |
| Total Liabilities | $4.63M | $4.27M | $6.42M | $9.96M | $38.31M | $36.13M | $25.02M | $50.16M | $122.52M |
| EquityCommon Stock & APIC | $3.1K | $5.2K | $20.6K | $24.2K | $25.2K | $31.1K | $45.6K | $57.4K | $58.1K |
| Retained Earnings | -$66.74M | -$74.38M | -$88.04M | -$108.06M | -$137.08M | -$159.37M | -$199.83M | -$304.88M | -$379.55M |
| Total Equity | $4.62M | $6.84M | $28.20M | $31.37M | $11.79M | $22.60M | $145.46M | $305.79M | $246.22M |
| HighlightsNet Cash / (Debt) | — | — | — | — | — | — | — | — | — |
| Line item | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | -$13.86M | -$6.82M | -$10.05M | -$16.81M | $4.92M | -$25.60M | -$40.00M | -$69.81M | -$104.00M |
| Cash from Investing | $4.67M | -$3.00M | $5.44M | -$1.20M | -$35.07M | $5.11M | -$116.18M | $97.48M | -$144.36M |
| Cash from Financing | $6.85M | $9.18M | $33.38M | $20.23M | $4.87M | $25.58M | $152.77M | $248.89M | $246.05M |
| SummaryCapital Expenditure | -$316.5K | $0 | -$547.6K | -$1.20M | -$2.00M | -$1.31M | -$1.17M | -$2.90M | -$10.91M |
| Free Cash Flow | -$14.18M | -$6.82M | -$10.60M | -$18.01M | $2.92M | -$26.91M | -$41.16M | -$72.72M | -$114.90M |
| FCF Margin | -848.3% | -678.7% | -3417.4% | -7352.3% | 114.3% | -106.9% | -184.8% | — | — |