| Metric | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Trend |
|---|---|---|---|---|---|---|---|---|---|
| EarningsRevenue | $22.12M | $20.48M | $21.55M | $26.06M | $31.99M +44.6% | — | $22.46M +4.2% | $33.87M +29.9% | Strengthening |
| Operating Profit | -$4.82M | -$7.41M | -$2.17M | -$1.68M | $1.27M | — | -$5.40M -149.1% | $1.74M | Weakening |
| Net Profit | -$5.61M | -$9.05M | $3.53M | -$37.41M | $4.19M | -$9.14M -0.9% | -$3.25M -192.0% | -$620.0K +98.3% | Weakening |
| EPS | $-0.61 | — | $0.14 | $-2.35 | $0.17 | — | $-0.15 -207.1% | $-0.05 +97.9% | Weakening |
| Other Income | — | — | — | — | — | — | — | — | — |
| Interest | — | — | — | — | — | — | — | — | — |
| Depreciation | — | — | — | — | — | — | — | — | — |
| Profit before Tax | -$5.61M | -$9.02M | $3.54M | -$37.38M | $4.20M | — | -$3.24M -191.5% | -$610.0K +98.4% | Weakening |
| MarginsOPM | -21.8% | -36.2% | -10.1% | -6.5% | 4.0% | — | -24.1% -139.2% | 5.1% | Weakening |
| Tax | 0.0% | -0.3% | 0.3% | -0.1% | 0.2% | — | -0.2% -164.7% | -1.6% -1722.2% | Weakening |
| ReturnsROIC | 1.8% | 2.9% | -1.1% | 12.0% | -1.3% -174.6% | 2.9% +0.9% | 1.0% | 0.2% -98.3% | Weakening |
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | TTM |
|---|---|---|---|---|---|---|---|
| AssetsCash & Equivalents | $17.01M | $95.05M | $11.23M | $16.56M | $20.25M | $35.46M | $30.95M |
| Short-Term Investments | — | — | — | — | — | — | — |
| Total Current Assets | $37.61M | $135.81M | $51.26M | $39.94M | $46.08M | $81.92M | $88.32M |
| Net PP&E | $1.72M | $1.87M | $3.37M | $1.31M | $240.0K | $364.0K | $826.0K |
| Goodwill | — | — | — | — | — | — | — |
| Intangibles | $605.0K | $1.70M | $2.28M | $2.21M | $975.0K | $1.39M | $2.02M |
| Total Assets | $40.12M | $140.05M | $58.10M | $44.12M | $49.48M | $85.63M | $93.57M |
| LiabilitiesTotal Current Liabilities | $47.27M | $69.09M | $66.60M | $45.09M | $37.02M | $44.24M | $53.84M |
| Short-Term Debt | $2.02M | $8.53M | $10.35M | $15.19M | $7.37M | $10.57M | $17.06M |
| Long-Term Debt | $10.18M | $7.99M | $0 | $0 | $4.33M | $2.46M | $0 |
| Long-Term Leases | — | $0 | $1.16M | $22.0K | $87.0K | $24.0K | — |
| Total Liabilities | $60.94M | $84.86M | $68.74M | $73.80M | $66.92M | $50.18M | $54.74M |
| EquityCommon Stock & APIC | $2.0K | $11.0K | $1.0K | $1.0K | $2.0K | $3.0K | $3.0K |
| Retained Earnings | -$71.72M | -$143.42M | -$222.76M | -$255.66M | -$268.37M | -$307.20M | -$311.07M |
| Total Equity | -$68.01M | $55.19M | -$10.63M | -$37.76M | -$30.38M | $19.04M | $23.14M |
| HighlightsNet Cash / (Debt) | $4.80M | $78.53M | $878.0K | $1.36M | $8.55M | $22.43M | $13.88M |
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | TTM |
|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | -$129.0K | -$40.56M | -$81.38M | -$23.53M | -$11.21M | -$10.79M | -$7.76M |
| Cash from Investing | -$1.06M | -$2.02M | -$1.56M | -$59.0K | -$761.0K | -$943.0K | -$2.10M |
| Cash from Financing | $6.46M | $120.62M | -$878.0K | $28.91M | $16.04M | $32.12M | $24.28M |
| SummaryCapital Expenditure | -$967.0K | -$969.0K | -$636.0K | -$16.0K | -$35.0K | -$273.0K | -$762.0K |
| Free Cash Flow | -$1.10M | -$41.52M | -$82.02M | -$23.54M | -$11.24M | -$11.06M | -$8.53M |
| FCF Margin | -1.5% | -54.8% | -118.5% | -43.6% | — | — | — |