| Metric | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Trend |
|---|---|---|---|---|---|---|---|---|---|
| EarningsRevenue | $1.20M | $33.47M | $8.53M | $8.51M | $33.32M +2678.9% | $153.31M +358.0% | $21.88M +156.4% | $17.37M +104.1% | Strengthening |
| Operating Profit | -$27.07M | -$50.41M | -$20.89M | -$28.15M | -$17.58M +35.1% | -$7.74M +84.6% | -$24.20M -15.8% | -$24.66M +12.4% | Strengthening |
| Net Profit | -$26.59M | -$61.83M | -$21.14M | -$34.93M | -$26.82M -0.8% | -$20.73M +66.5% | -$32.48M -53.7% | -$29.69M +15.0% | Strengthening |
| EPS | $-0.18 | — | $-0.14 | $-0.22 | $-0.16 +11.1% | — | $-0.20 -42.9% | $-0.17 +22.7% | Weakening |
| Other Income | — | — | — | — | — | — | — | — | — |
| Interest | $43.0K | $34.0K | $95.0K | $2.52M | $2.78M +6367.4% | $3.07M +8935.3% | $3.47M +3548.4% | $4.19M +66.6% | Strengthening |
| Depreciation | — | — | — | — | — | — | — | — | — |
| Profit before Tax | -$26.62M | -$61.79M | -$20.79M | -$32.86M | -$21.28M +20.0% | -$20.96M +66.1% | -$32.48M -56.2% | -$28.84M +12.2% | Strengthening |
| MarginsOPM | -2258.1% | -150.6% | -244.8% | -330.7% | -52.8% +97.7% | -5.0% +96.6% | -110.6% +54.8% | -142.0% +57.1% | Strengthening |
| Tax | 0.0% | -0.1% | -1.8% | -6.3% | -26.0% | 1.1% | 0.0% +100.0% | -3.0% +53.1% | Strengthening |
| ReturnsROIC | 4.8% | 11.3% | 3.8% | 6.4% | 4.9% +0.8% | 3.8% -66.5% | 5.9% +53.7% | 5.4% -15.0% | Weakening |
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | TTM |
|---|---|---|---|---|---|---|
| AssetsCash & Equivalents | $105.13M | $203.04M | $109.92M | $27.09M | $58.26M | $93.04M |
| Short-Term Investments | — | — | — | — | — | — |
| Total Current Assets | $110.66M | $390.07M | $279.58M | $68.91M | $121.07M | $181.55M |
| Net PP&E | $13.11M | $4.49M | $32.74M | $100.70M | $98.31M | $98.16M |
| Goodwill | — | — | — | — | — | — |
| Intangibles | — | $0 | $1.79M | $4.54M | $8.28M | $7.20M |
| Total Assets | $125.29M | $416.71M | $340.75M | $183.89M | $312.88M | $370.53M |
| LiabilitiesTotal Current Liabilities | $7.34M | $125.32M | $111.85M | $54.66M | $165.02M | $152.20M |
| Short-Term Debt | — | $0 | — | $0 | $56.63M | $77.98M |
| Long-Term Debt | — | — | — | $0 | $37.97M | $165.04M |
| Long-Term Leases | $662.0K | $709.0K | $1.04M | $785.0K | $1.50M | $1.35M |
| Total Liabilities | $11.25M | $129.00M | $116.96M | $57.63M | $224.26M | $337.92M |
| EquityCommon Stock & APIC | $0 | $14.0K | $15.0K | $15.0K | $17.0K | $18.0K |
| Retained Earnings | -$68.97M | -$147.26M | -$248.07M | -$383.82M | -$487.43M | -$549.61M |
| Total Equity | -$68.67M | $287.71M | $223.79M | $126.26M | $67.46M | $6.86M |
| HighlightsNet Cash / (Debt) | — | — | — | $27.09M | -$36.34M | -$149.97M |
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | TTM |
|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | -$22.07M | -$23.35M | -$92.66M | -$55.86M | -$5.65M | -$102.64M |
| Cash from Investing | -$1.17M | -$13.32M | -$42.54M | -$58.74M | -$44.61M | -$31.71M |
| Cash from Financing | $116.38M | $217.77M | -$5.48M | -$252.0K | $123.05M | $226.03M |
| SummaryCapital Expenditure | -$170.0K | -$2.32M | -$30.43M | -$58.85M | -$41.09M | -$42.10M |
| Free Cash Flow | -$22.24M | -$25.66M | -$123.09M | -$114.71M | -$46.74M | -$144.74M |
| FCF Margin | — | -17.6% | -36.0% | -248.3% | -22.9% | -64.1% |