| Metric | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Trend |
|---|---|---|---|---|---|---|---|---|---|
| EarningsRevenue | $2.58M | $3.87M | $2.72M | $3.15M | $2.82M +9.0% | $4.13M +6.6% | $3.34M +22.9% | $3.55M +12.8% | Strengthening |
| Operating Profit | -$1.49M | -$2.74M | -$2.93M | -$3.59M | -$3.56M -138.8% | -$5.72M -108.7% | -$6.68M -128.2% | -$3.18M +11.6% | Weakening |
| Net Profit | -$2.06M | -$3.08M | -$3.32M | -$4.04M | -$4.04M -96.1% | -$5.92M -92.3% | -$3.67M -10.4% | -$3.26M +19.4% | Weakening |
| EPS | — | — | — | — | — | — | — | — | — |
| Other Income | -$573.0K | -$337.0K | -$398.0K | -$450.0K | -$487.0K +15.0% | -$197.0K +41.5% | -$345.0K +13.3% | -$82.0K +81.8% | Strengthening |
| Interest | $409.0K | $274.0K | $440.0K | $389.0K | $387.0K -5.4% | $207.0K -24.5% | $150.0K -65.9% | $163.0K -58.1% | Weakening |
| Depreciation | — | — | — | — | — | — | — | — | — |
| Profit before Tax | — | — | — | -$4.04M | — | — | — | -$3.26M +19.4% | Strengthening |
| MarginsOPM | -57.7% | -70.8% | -107.7% | -114.2% | -126.3% -119.0% | -138.6% -95.8% | -199.9% -85.7% | -89.5% +21.6% | Weakening |
| Tax | — | — | — | 0.0% | — | — | — | 0.0% | — |
| ReturnsROIC | 3.1% | 4.7% | 5.1% | 6.2% | 6.2% +96.1% | 9.0% +92.3% | 5.6% +10.4% | 5.0% -19.4% | Strengthening |
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | TTM |
|---|---|---|---|---|---|---|
| AssetsCash & Equivalents | $31.0K | $110.0K | $510.0K | $3.53M | $1.11M | $10.66M |
| Short-Term Investments | — | — | — | — | — | — |
| Total Current Assets | $1.19M | $1.86M | $2.65M | $7.38M | $5.79M | $6.76M |
| Net PP&E | $2.57M | $4.89M | $3.93M | $4.35M | $14.40M | $13.82M |
| Goodwill | — | — | — | — | — | — |
| Intangibles | $0 | $50.0K | $47.0K | $43.0K | $302.0K | $291.0K |
| Total Assets | $3.99M | $6.96M | $6.66M | $11.91M | $20.60M | $27.71M |
| LiabilitiesTotal Current Liabilities | $7.09M | $4.83M | $2.90M | $6.21M | $7.09M | $9.31M |
| Short-Term Debt | $4.21M | $2.04M | $387.0K | $1.94M | $1.44M | $1.61M |
| Long-Term Debt | $3.88M | $4.28M | $4.04M | $544.0K | $215.0K | $12.18M |
| Long-Term Leases | — | — | $0 | $992.0K | $767.0K | $648.0K |
| Total Liabilities | $11.10M | $9.14M | $6.94M | $7.82M | $8.10M | $22.13M |
| EquityCommon Stock & APIC | $1.0K | $0 | $1.0K | $0 | $0 | $0 |
| Retained Earnings | -$7.62M | -$20.07M | -$30.26M | -$41.31M | -$58.64M | -$65.57M |
| Total Equity | -$7.11M | -$2.18M | -$288.0K | $4.09M | $12.50M | $5.57M |
| HighlightsNet Cash / (Debt) | -$8.06M | -$6.21M | -$3.92M | $1.05M | -$542.0K | -$3.13M |
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | TTM |
|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | -$4.08M | -$9.19M | -$8.53M | -$8.52M | -$11.80M | -$4.14M |
| Cash from Investing | -$151.0K | -$2.03M | -$1.02M | -$303.0K | -$987.0K | -$4.23M |
| Cash from Financing | $4.25M | $11.30M | $9.95M | $11.84M | $10.38M | $16.21M |
| SummaryCapital Expenditure | -$151.0K | -$1.98M | -$1.02M | -$303.0K | -$638.0K | -$3.87M |
| Free Cash Flow | -$4.23M | -$11.17M | -$9.55M | -$8.82M | -$12.44M | -$8.01M |
| FCF Margin | -40.2% | -96.7% | -68.0% | -63.6% | -97.1% | -57.9% |