| Metric | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Trend |
|---|---|---|---|---|---|---|---|---|---|
| EarningsRevenue | $14.63M | $15.12M | $13.14M | $16.41M | $17.63M +20.5% | $16.08M +6.3% | $16.04M +22.1% | $18.72M +14.0% | Strengthening |
| Operating Profit | -$22.09M | -$23.93M | -$22.32M | -$36.47M | -$6.81M +69.2% | -$4.62M +80.7% | -$7.74M +65.3% | -$10.01M +72.6% | Strengthening |
| Net Profit | -$12.87M | -$6.76M | -$10.58M | $15.49M | $5.85M | -$3.94M +41.8% | $110.37M | -$468.0K -103.0% | Weakening |
| EPS | $-0.76 | — | $-0.48 | $0.50 | $0.13 | — | $3.44 | $-0.08 -116.0% | Weakening |
| Other Income | -$4.53M | -$2.14M | -$2.37M | $24.82M | $15.66M | -$1.42M +33.5% | $150.03M | $10.93M -56.0% | Weakening |
| Interest | — | — | — | — | — | — | — | — | — |
| Depreciation | — | — | — | — | — | — | — | — | — |
| Profit before Tax | -$26.63M | — | -$24.69M | -$11.65M | $8.85M | -$6.04M | $142.29M | $922.0K | Strengthening |
| MarginsOPM | -151.0% | -158.3% | -169.8% | -222.2% | -38.6% +74.4% | -28.7% +81.8% | -48.3% +71.6% | -53.5% +75.9% | Strengthening |
| Tax | -0.3% | — | 0.0% | 0.0% | 0.3% | 10.7% | 3.6% | 34.7% | Strengthening |
| ReturnsROIC | 2.1% | 1.1% | 1.7% | -2.5% | -0.9% -145.5% | 0.6% -41.8% | -17.7% -1142.8% | 0.1% | Weakening |
| Line item | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| AssetsCash & Equivalents | $65.51M | $136.86M | $233.35M | $305.74M | $178.27M | $80.93M | $57.26M | $79.38M | $196.58M |
| Short-Term Investments | — | — | — | — | — | — | — | — | — |
| Total Current Assets | $111.21M | $156.25M | $266.15M | $346.46M | $230.43M | $117.02M | $90.37M | $123.84M | $245.51M |
| Net PP&E | $12.02M | $33.91M | $32.41M | $34.07M | $33.01M | $23.50M | $17.12M | $14.82M | $13.77M |
| Goodwill | — | — | — | — | — | — | — | — | — |
| Intangibles | $1.42M | $7.38M | $14.63M | $12.55M | $27.20M | $20.29M | $31.86M | $27.61M | $25.51M |
| Total Assets | $140.99M | $226.42M | $333.41M | $396.50M | $294.30M | $167.53M | $144.22M | $185.55M | $316.71M |
| LiabilitiesTotal Current Liabilities | $55.61M | $45.62M | $51.76M | $101.04M | $127.72M | $84.91M | $71.40M | $49.74M | $62.02M |
| Short-Term Debt | — | — | — | — | — | — | — | — | — |
| Long-Term Debt | $84.41M | $84.66M | $51.68M | $42.94M | $91.73M | $60.86M | $57.96M | $54.49M | $35.00M |
| Long-Term Leases | $0 | $23.71M | $22.89M | $20.99M | $21.57M | $18.28M | $14.75M | $12.67M | $11.47M |
| Total Liabilities | $121.25M | $153.89M | $136.41M | $170.63M | $244.28M | $165.94M | $145.87M | $123.36M | $110.63M |
| EquityCommon Stock & APIC | $58.0K | $74.0K | $95.0K | $101.0K | $7.0K | $15.0K | $28.0K | $31.0K | $33.0K |
| Retained Earnings | -$396.27M | -$436.23M | -$482.76M | -$547.46M | -$634.23M | -$694.87M | -$740.87M | -$734.05M | -$624.15M |
| Total Equity | $1.85M | $26.21M | $100.34M | $108.67M | $41.72M | $22.54M | $22.74M | $49.87M | $164.14M |
| HighlightsNet Cash / (Debt) | — | — | — | — | — | — | — | — | — |
| Line item | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | -$98.85M | -$94.96M | -$83.68M | -$116.54M | -$179.40M | -$128.22M | -$80.19M | -$65.78M | $125.92M |
| Cash from Investing | $18.82M | $20.10M | -$7.16M | $40.51M | -$22.93M | -$2.10M | -$15.00M | $10.12M | $2.79M |
| Cash from Financing | $50.65M | $146.71M | $172.41M | $148.99M | $75.32M | $32.74M | $70.64M | $77.44M | -$6.52M |
| SummaryCapital Expenditure | -$7.08M | -$2.35M | -$1.93M | -$4.57M | -$2.71M | -$63.0K | $0 | — | — |
| Free Cash Flow | -$105.93M | -$97.31M | -$85.61M | -$121.11M | -$182.12M | -$128.29M | -$80.19M | — | — |
| FCF Margin | -394.1% | -265.7% | -187.7% | -176.0% | -240.4% | -151.8% | -139.0% | — | — |