| Metric | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Trend |
|---|---|---|---|---|---|---|---|---|---|
| EarningsRevenue | $3.64M | $2.32M | $2.14M | $2.70M | $3.44M -5.7% | $5.29M +128.0% | $3.90M +82.6% | $3.90M +44.8% | Strengthening |
| Operating Profit | -$10.96M | -$10.77M | -$10.90M | -$9.60M | -$8.92M +18.6% | -$7.67M +28.8% | -$8.56M +21.5% | -$8.47M +11.7% | Strengthening |
| Net Profit | -$10.33M | -$10.39M | -$9.42M | -$9.22M | -$11.02M -6.7% | -$5.91M +43.1% | -$8.62M +8.4% | -$9.30M -0.8% | Strengthening |
| EPS | $-0.14 | — | $-0.12 | $-0.12 | $-0.14 +0.0% | — | $-0.09 +25.0% | $-0.09 +25.0% | Strengthening |
| Other Income | — | — | — | — | — | — | — | — | — |
| Interest | — | — | $0 | $0 | — | — | $83.0K | $533.0K | — |
| Depreciation | — | — | — | — | — | — | — | — | — |
| Profit before Tax | -$10.33M | -$10.39M | -$9.42M | -$9.22M | -$11.02M -6.7% | -$5.91M +43.1% | -$8.62M +8.4% | -$9.30M -0.8% | Strengthening |
| MarginsOPM | -300.9% | -463.8% | -510.1% | -355.9% | -259.5% +13.8% | -144.9% +68.8% | -219.3% +57.0% | -216.9% +39.0% | Strengthening |
| Tax | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| ReturnsROIC | 3.0% | 3.0% | 2.7% | 2.7% | 3.2% +6.7% | 1.7% -43.1% | 2.5% -8.4% | 2.7% +0.8% | Weakening |
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | TTM |
|---|---|---|---|---|---|---|---|
| AssetsCash & Equivalents | $62.68M | $188.50M | $117.47M | $75.18M | $37.65M | $35.09M | $43.46M |
| Short-Term Investments | — | — | — | — | — | — | — |
| Total Current Assets | $68.33M | $197.49M | $128.66M | $88.91M | $53.71M | $50.91M | $59.24M |
| Net PP&E | $1.90M | $3.75M | $3.25M | $3.24M | $3.46M | $2.87M | $2.44M |
| Goodwill | — | — | — | — | — | — | — |
| Intangibles | — | — | — | — | — | — | — |
| Total Assets | $71.53M | $202.47M | $134.05M | $94.20M | $58.90M | $55.26M | $63.00M |
| LiabilitiesTotal Current Liabilities | $4.12M | $15.74M | $8.80M | $8.77M | $8.73M | $11.73M | $9.63M |
| Short-Term Debt | — | — | — | — | — | — | $0 |
| Long-Term Debt | — | — | — | — | — | $0 | $13.23M |
| Long-Term Leases | — | — | — | $64.0K | $78.0K | $66.0K | $0 |
| Total Liabilities | $4.29M | $16.25M | $10.33M | $9.80M | $9.86M | $14.26M | $26.24M |
| EquityCommon Stock & APIC | — | — | — | — | — | — | — |
| Retained Earnings | -$71.47M | -$136.32M | -$209.48M | -$253.72M | -$294.44M | -$330.02M | -$347.94M |
| Total Equity | -$61.05M | $186.23M | $123.72M | $84.40M | $49.04M | $41.01M | $36.76M |
| HighlightsNet Cash / (Debt) | — | — | — | — | — | — | $30.22M |
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | TTM |
|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | -$21.52M | -$47.18M | -$72.34M | -$41.81M | -$38.77M | -$27.95M | -$27.07M |
| Cash from Investing | -$1.57M | -$2.71M | -$585.0K | -$804.0K | -$383.0K | -$1.19M | -$465.0K |
| Cash from Financing | $60.94M | $176.77M | $7.0K | $174.0K | $1.02M | $27.50M | $46.72M |
| SummaryCapital Expenditure | -$1.57M | -$2.71M | -$585.0K | -$804.0K | -$383.0K | -$1.19M | -$465.0K |
| Free Cash Flow | -$23.09M | -$49.89M | -$72.92M | -$42.61M | -$39.15M | -$29.13M | -$27.53M |
| FCF Margin | -7854.8% | -3335.1% | -1070.2% | -386.3% | -303.7% | -214.8% | -166.5% |