| Metric | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Trend |
|---|---|---|---|---|---|---|---|---|---|
| EarningsRevenue | $21.06M | $21.47M | $22.52M | $19.50M | $27.35M +29.9% | $30.61M +42.6% | $22.07M -2.0% | $22.83M +17.1% | Strengthening |
| Operating Profit | -$4.24M | -$3.65M | -$5.15M | -$8.19M | -$2.60M +38.7% | -$402.0K +89.0% | -$5.57M -8.2% | -$5.14M +37.2% | Strengthening |
| Net Profit | -$5.45M | -$5.25M | -$6.59M | -$8.65M | -$3.50M +35.9% | -$2.73M +48.0% | -$6.69M -1.5% | -$6.20M +28.3% | Strengthening |
| EPS | $-0.19 | — | $-0.21 | $-0.26 | $-0.11 +42.1% | — | $-0.20 +4.8% | $-0.18 +30.8% | Strengthening |
| Other Income | — | — | — | — | — | — | — | — | — |
| Interest | $2.18M | $2.19M | $2.15M | $2.06M | $1.65M -24.6% | $1.60M -27.0% | $1.52M -29.4% | $1.54M -25.3% | Weakening |
| Depreciation | — | — | — | — | — | — | — | — | — |
| Profit before Tax | — | — | — | — | — | — | — | — | — |
| MarginsOPM | -20.1% | -17.0% | -22.9% | -42.0% | -9.5% +52.8% | -1.3% +92.3% | -25.2% -10.4% | -22.5% +46.3% | Strengthening |
| Tax | — | — | — | — | — | — | — | — | — |
| ReturnsROIC | 1.0% | 0.9% | 1.2% | 1.5% | 0.6% -35.9% | 0.5% -48.0% | 1.2% +1.5% | 1.1% -28.3% | Weakening |
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | TTM |
|---|---|---|---|---|---|---|---|
| AssetsCash & Equivalents | $26.39M | $19.19M | $6.61M | $18.06M | $13.43M | $21.69M | $12.54M |
| Short-Term Investments | — | — | — | — | — | — | — |
| Total Current Assets | $54.56M | $132.82M | $97.71M | $92.72M | $81.34M | $94.07M | $86.19M |
| Net PP&E | $515.0K | $603.0K | $15.90M | $14.41M | $12.89M | $11.26M | $10.46M |
| Goodwill | — | — | — | — | — | — | — |
| Intangibles | — | — | — | — | — | — | — |
| Total Assets | $55.95M | $133.56M | $114.11M | $107.65M | $94.65M | $105.56M | $96.99M |
| LiabilitiesTotal Current Liabilities | $9.60M | $9.30M | $10.98M | $16.23M | $15.16M | $17.81M | $17.43M |
| Short-Term Debt | $2.04M | $0 | — | — | — | — | — |
| Long-Term Debt | $50.82M | $49.85M | $52.91M | $56.95M | $59.52M | $58.88M | $59.01M |
| Long-Term Leases | — | $0 | $15.44M | $13.81M | $11.95M | $9.84M | $8.66M |
| Total Liabilities | $62.36M | $60.06M | $79.33M | $87.00M | $86.63M | $86.53M | $85.11M |
| EquityCommon Stock & APIC | $0 | $24.0K | $25.0K | $28.0K | $30.0K | $34.0K | $34.0K |
| Retained Earnings | -$387.69M | -$423.77M | -$470.85M | -$503.81M | -$530.95M | -$552.41M | -$565.30M |
| Total Equity | -$147.83M | $73.50M | $34.78M | $20.65M | $8.01M | $19.03M | $11.88M |
| HighlightsNet Cash / (Debt) | -$26.47M | -$30.66M | — | — | — | — | — |
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | TTM |
|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | -$21.61M | -$24.58M | -$36.87M | -$19.70M | -$17.95M | -$11.01M | -$11.24M |
| Cash from Investing | -$10.77M | -$85.40M | $23.80M | $23.03M | $8.99M | -$332.0K | -$369.0K |
| Cash from Financing | $55.01M | $102.53M | $490.0K | $8.13M | $4.33M | $19.60M | $1.41M |
| SummaryCapital Expenditure | -$62.0K | -$384.0K | -$603.0K | -$173.0K | -$306.0K | -$332.0K | -$369.0K |
| Free Cash Flow | -$21.67M | -$24.96M | -$37.47M | -$19.87M | -$18.25M | -$11.34M | -$11.61M |
| FCF Margin | -52.7% | -55.2% | -82.3% | -30.4% | -22.8% | -11.3% | -11.3% |