| Metric | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Trend |
|---|---|---|---|---|---|---|---|---|---|
| EarningsRevenue | $10.24M | $10.07M | $11.61M | $12.10M | $12.20M +19.1% | $12.46M +23.7% | $13.34M +14.9% | $13.85M +14.4% | Strengthening |
| Operating Profit | -$18.03M | -$16.77M | -$15.73M | -$15.45M | -$18.22M -1.1% | -$13.22M +21.2% | -$13.93M +11.4% | -$13.95M +9.7% | Strengthening |
| Net Profit | -$34.33M | -$36.26M | -$37.67M | -$21.58M | -$26.43M +23.0% | -$8.70M +76.0% | -$12.72M +66.2% | -$19.82M +8.1% | Strengthening |
| EPS | $-4.01 | — | $-4.32 | $-1.63 | $-1.18 +70.6% | — | $-0.53 +87.7% | $-0.68 +58.3% | Strengthening |
| Other Income | — | — | — | — | — | — | — | — | — |
| Interest | — | — | — | — | — | — | — | — | — |
| Depreciation | — | — | — | — | — | — | — | — | — |
| Profit before Tax | — | — | — | — | — | — | — | — | — |
| MarginsOPM | -176.1% | -166.6% | -135.6% | -127.7% | -149.3% +15.2% | -106.1% +36.3% | -104.5% +22.9% | -100.7% +21.1% | Strengthening |
| Tax | — | — | — | — | — | — | — | — | — |
| ReturnsROIC | 6.2% | 6.6% | 6.8% | 3.9% | 4.8% -23.0% | 1.6% -76.0% | 2.3% -66.2% | 3.6% -8.1% | Weakening |
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | TTM |
|---|---|---|---|---|---|---|---|
| AssetsCash & Equivalents | $45.0K | $96.66M | $13.67M | $10.33M | $937.0K | $4.23M | $3.63M |
| Short-Term Investments | — | — | — | — | — | — | — |
| Total Current Assets | $628.0K | $105.51M | $34.10M | $26.99M | $18.82M | $22.03M | $23.27M |
| Net PP&E | $8.42M | $37.41M | $157.98M | $313.34M | $371.05M | $357.47M | $349.48M |
| Goodwill | — | $0 | $38.48M | $0 | — | — | — |
| Intangibles | — | $0 | $47.27M | $41.35M | $37.78M | $30.78M | $29.52M |
| Total Assets | $9.10M | $143.93M | $278.74M | $381.75M | $428.04M | $410.49M | $402.68M |
| LiabilitiesTotal Current Liabilities | $2.35M | $17.97M | $23.27M | $31.94M | $55.44M | $16.31M | $21.72M |
| Short-Term Debt | — | — | — | $0 | $20.20M | $0 | — |
| Long-Term Debt | $104.0K | $11.20M | $119.81M | $277.99M | $416.58M | $483.12M | $489.28M |
| Long-Term Leases | — | $10.0K | $187.0K | $114.0K | $57.0K | $25.0K | $9.0K |
| Total Liabilities | $11.67M | $42.25M | $157.41M | $366.48M | $528.53M | $576.73M | $599.57M |
| EquityCommon Stock & APIC | $1.0K | $9.0K | $1.0K | $1.0K | $1.0K | $2.0K | $2.0K |
| Retained Earnings | -$12.15M | -$68.24M | -$179.31M | -$303.33M | -$423.23M | -$517.61M | -$550.15M |
| Total Equity | -$2.57M | $101.68M | $121.33M | $15.27M | -$100.50M | -$166.24M | -$196.89M |
| HighlightsNet Cash / (Debt) | — | — | — | -$267.66M | -$435.85M | -$478.89M | — |
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | TTM |
|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | -$3.84M | -$20.11M | -$48.81M | -$33.16M | -$27.06M | -$30.34M | -$25.50M |
| Cash from Investing | -$3.42M | -$29.67M | -$172.38M | -$162.26M | -$82.45M | -$11.59M | -$2.86M |
| Cash from Financing | $5.17M | $150.81M | $145.05M | $187.38M | $100.09M | $45.18M | $25.32M |
| SummaryCapital Expenditure | -$3.42M | -$29.67M | -$56.02M | -$162.26M | -$82.45M | -$11.59M | -$2.86M |
| Free Cash Flow | -$7.26M | -$49.77M | -$104.83M | -$195.42M | -$109.52M | -$41.92M | -$28.36M |
| FCF Margin | -8853.7% | -7801.6% | -538.3% | -709.2% | -287.2% | -86.7% | -54.7% |