| Metric | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Trend |
|---|---|---|---|---|---|---|---|---|---|
| EarningsRevenue | $36.27M | $37.00M | $36.65M | $38.11M | $40.92M +12.8% | $41.17M +11.3% | $41.88M +14.3% | $43.15M +13.2% | Strengthening |
| Operating Profit | -$10.88M | -$26.13M | -$12.61M | -$11.81M | -$14.46M -33.0% | -$9.24M +64.6% | -$10.09M +20.0% | -$9.22M +22.0% | Strengthening |
| Net Profit | -$9.16M | -$25.20M | -$11.39M | -$10.81M | -$13.66M -49.2% | -$8.50M +66.3% | -$9.62M +15.6% | -$8.66M +19.9% | Strengthening |
| EPS | $-0.15 | — | $-0.19 | $-0.18 | $-0.22 -46.7% | — | $-0.15 +21.1% | $-0.13 +27.8% | Strengthening |
| Other Income | — | — | — | — | — | — | — | — | — |
| Interest | — | — | — | — | — | — | — | — | — |
| Depreciation | — | — | — | — | — | — | — | — | — |
| Profit before Tax | -$9.04M | -$25.18M | -$11.26M | -$10.60M | -$13.53M -49.6% | -$8.25M +67.2% | -$9.48M +15.8% | -$8.52M +19.6% | Strengthening |
| MarginsOPM | -30.0% | -70.6% | -34.4% | -31.0% | -35.3% -17.8% | -22.4% +68.2% | -24.1% +29.9% | -21.4% +31.1% | Strengthening |
| Tax | -1.3% | -0.1% | -1.2% | -2.0% | -1.0% +20.6% | -3.1% -3344.4% | -1.5% -22.1% | -1.6% +20.2% | Weakening |
| ReturnsROIC | 2.5% | 7.0% | 3.2% | 3.0% | 3.8% +49.2% | 2.4% -66.3% | 2.7% -15.6% | 2.4% -19.9% | Weakening |
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | TTM |
|---|---|---|---|---|---|---|---|
| AssetsCash & Equivalents | $58.57M | $255.48M | $203.24M | $159.55M | $52.77M | $19.66M | $10.89M |
| Short-Term Investments | — | — | — | — | — | — | — |
| Total Current Assets | $72.84M | $280.85M | $231.54M | $192.34M | $156.94M | $152.99M | $141.58M |
| Net PP&E | $5.72M | $6.20M | $17.33M | $17.81M | $16.27M | $13.70M | $12.65M |
| Goodwill | — | $0 | $5.90M | $5.90M | $5.90M | $5.90M | $5.90M |
| Intangibles | — | $0 | $962.0K | $681.0K | $400.0K | $206.0K | $116.0K |
| Total Assets | $79.11M | $287.40M | $256.32M | $231.55M | $180.32M | $173.64M | $161.39M |
| LiabilitiesTotal Current Liabilities | $12.24M | $18.65M | $22.77M | $23.12M | $25.69M | $40.43M | $37.51M |
| Short-Term Debt | — | — | — | — | — | — | — |
| Long-Term Debt | — | — | — | — | — | — | — |
| Long-Term Leases | $890.0K | $0 | $8.77M | $7.14M | $6.86M | $4.23M | $2.83M |
| Total Liabilities | $13.23M | $18.72M | $32.69M | $31.21M | $32.81M | $45.53M | $41.23M |
| EquityCommon Stock & APIC | $68.0K | $291.0K | $296.0K | $306.0K | $302.0K | $317.0K | $325.0K |
| Retained Earnings | -$103.12M | -$127.46M | -$198.23M | -$240.38M | -$297.43M | -$341.80M | -$360.08M |
| Total Equity | -$94.92M | $268.68M | $223.64M | $200.34M | $147.51M | $128.11M | $120.16M |
| HighlightsNet Cash / (Debt) | — | — | — | — | — | — | — |
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | TTM |
|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | -$22.71M | -$21.64M | -$46.01M | -$25.53M | -$8.75M | -$14.94M | -$12.97M |
| Cash from Investing | -$1.90M | -$3.11M | -$9.69M | -$20.04M | -$78.03M | -$18.20M | $2.18M |
| Cash from Financing | $59.96M | $221.66M | $3.47M | $1.87M | -$20.00M | $16.0K | $11.0K |
| SummaryCapital Expenditure | -$1.90M | -$3.11M | -$4.38M | -$4.86M | -$2.78M | -$3.05M | -$3.42M |
| Free Cash Flow | -$24.62M | -$24.75M | -$50.39M | -$30.39M | -$11.53M | -$17.99M | -$16.39M |
| FCF Margin | -36.0% | -21.6% | -37.3% | -22.0% | -8.0% | -11.5% | -9.8% |