| Metric | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Trend |
|---|---|---|---|---|---|---|---|---|---|
| EarningsRevenue | $8.12M | $7.77M | $8.48M | $9.21M | $8.86M +9.1% | $10.41M +34.0% | $12.13M +42.9% | $10.88M +18.1% | Strengthening |
| Operating Profit | -$5.16M | -$5.64M | -$6.16M | -$5.68M | -$5.28M -2.3% | -$7.04M -25.0% | -$8.48M -37.6% | -$10.24M -80.4% | Weakening |
| Net Profit | -$4.97M | -$5.39M | -$6.03M | -$5.84M | -$5.89M -18.4% | -$7.79M -44.6% | -$9.55M -58.5% | -$11.34M -94.2% | Weakening |
| EPS | $-0.18 | — | $-0.22 | $-0.21 | $-0.21 -16.7% | — | $-0.32 -45.5% | $-0.38 -81.0% | Weakening |
| Other Income | — | — | — | — | — | — | — | — | — |
| Interest | — | — | $0 | $365.0K | — | — | $1.38M | $1.41M +287.1% | Strengthening |
| Depreciation | — | — | — | — | — | — | — | — | — |
| Profit before Tax | -$4.96M | -$5.42M | -$6.01M | -$5.81M | -$5.88M -18.6% | -$7.78M -43.6% | -$9.54M -58.9% | -$11.38M -95.7% | Weakening |
| MarginsOPM | -63.5% | -72.5% | -72.6% | -61.6% | -59.5% +6.3% | -67.7% +6.7% | -69.9% +3.8% | -94.2% -52.7% | Weakening |
| Tax | -0.3% | 0.6% | -0.3% | -0.4% | -0.1% +50.0% | -0.1% -108.5% | -0.1% +73.3% | 0.3% | Weakening |
| ReturnsROIC | 2.1% | 2.3% | 2.5% | 2.5% | 2.5% +18.4% | 3.3% +44.6% | 4.0% +58.5% | 4.8% +94.2% | Strengthening |
| Line item | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| AssetsCash & Equivalents | $3.10M | $5.70M | $20.10M | $54.11M | $27.61M | $23.14M | $20.10M | $45.92M | $29.36M |
| Short-Term Investments | — | — | — | — | — | — | — | — | — |
| Total Current Assets | $6.65M | $10.38M | $25.46M | $61.89M | $51.18M | $36.17M | $33.36M | $63.60M | $48.93M |
| Net PP&E | $377.7K | $821.0K | $3.06M | $2.78M | $2.70M | $4.95M | $5.09M | $11.05M | $15.63M |
| Goodwill | — | — | — | — | — | — | $7.47M | $7.47M | $7.47M |
| Intangibles | — | — | — | — | — | — | $0 | $13.92M | $12.91M |
| Total Assets | $7.86M | $11.93M | $29.52M | $65.58M | $55.49M | $42.66M | $39.19M | $97.75M | $86.74M |
| LiabilitiesTotal Current Liabilities | $1.87M | $3.83M | $3.20M | $4.75M | $6.79M | $7.43M | $10.35M | $10.77M | $10.31M |
| Short-Term Debt | — | — | — | — | — | — | — | — | — |
| Long-Term Debt | $3.48M | $2.07M | $21.28M | $9.84M | $9.89M | $9.95M | — | $49.08M | $50.23M |
| Long-Term Leases | — | $277.0K | $2.45M | $1.94M | $1.53M | $3.57M | $3.01M | $8.46M | $13.52M |
| Total Liabilities | $6.35M | $7.34M | $27.14M | $16.79M | $18.60M | $21.49M | $13.80M | $69.73M | $75.97M |
| EquityCommon Stock & APIC | $110.2K | $152.0K | $170.0K | $237.0K | $246.0K | $247.0K | $276.0K | $294.0K | $305.0K |
| Retained Earnings | -$107.20M | -$112.74M | -$119.52M | -$133.93M | -$150.37M | -$172.46M | -$191.37M | -$216.91M | -$237.80M |
| Total Equity | $1.51M | $4.59M | $2.38M | $48.79M | $36.89M | $21.17M | $25.39M | $28.02M | $10.78M |
| HighlightsNet Cash / (Debt) | — | — | — | — | — | — | — | — | — |
| Line item | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | -$4.63M | -$2.85M | -$7.81M | -$12.70M | -$16.17M | -$13.72M | -$8.95M | -$23.90M | -$30.16M |
| Cash from Investing | -$63.5K | -$160.0K | -$482.0K | -$168.0K | -$10.74M | $8.95M | -$275.0K | $615.0K | $30.0K |
| Cash from Financing | -$1.49M | $5.61M | $22.69M | $46.88M | $409.0K | $296.0K | $6.19M | $50.18M | $18.72M |
| SummaryCapital Expenditure | -$63.5K | -$10.0K | -$41.0K | -$168.0K | -$253.0K | -$717.0K | -$275.0K | -$522.0K | -$1.11M |
| Free Cash Flow | -$4.69M | -$2.86M | -$7.85M | -$12.87M | -$16.42M | -$14.44M | -$9.22M | -$24.42M | -$31.27M |
| FCF Margin | -63.8% | -25.5% | -61.2% | -78.9% | -79.9% | -60.3% | -29.4% | -66.1% | -73.9% |