| Metric | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Trend |
|---|---|---|---|---|---|---|---|---|---|
| EarningsRevenue | $35.81M | $35.16M | $30.33M | $24.48M | $40.23M +12.3% | $43.85M +24.7% | $36.41M +20.1% | $32.91M +34.4% | Strengthening |
| Operating Profit | -$11.75M | -$14.77M | -$26.37M | -$37.10M | -$37.33M -217.7% | -$24.75M -67.6% | -$41.36M -56.9% | -$49.43M -33.2% | Weakening |
| Net Profit | -$8.35M | -$11.63M | -$20.50M | -$30.01M | -$33.52M -301.3% | -$23.12M -98.8% | -$17.54M +14.5% | -$48.93M -63.0% | Weakening |
| EPS | $-0.22 | — | $-0.53 | $-0.77 | $-0.73 -231.8% | — | $-0.37 +30.2% | $-1.04 -35.1% | Stable |
| Other Income | — | — | — | — | — | — | — | — | — |
| Interest | — | — | — | — | — | — | — | — | — |
| Depreciation | — | — | — | — | — | — | — | — | — |
| Profit before Tax | -$8.21M | -$11.64M | -$23.42M | -$30.09M | -$36.00M -338.6% | -$22.77M -95.7% | -$17.55M +25.1% | -$48.99M -62.8% | Weakening |
| MarginsOPM | -32.8% | -42.0% | -86.9% | -151.6% | -92.8% -182.8% | -56.4% -34.4% | -113.6% -30.7% | -150.2% +0.9% | Weakening |
| Tax | -1.8% | 0.1% | 12.4% | 0.2% | 6.9% | -1.5% -2271.4% | 0.0% -99.7% | 0.1% -54.2% | Weakening |
| ReturnsROIC | 1.3% | 1.8% | 3.2% | 4.7% | 5.2% +301.3% | 3.6% +98.8% | 2.7% -14.5% | 7.6% +63.0% | Strengthening |
| Line item | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| AssetsCash & Equivalents | $44.43M | $109.16M | $181.58M | $396.46M | $338.74M | $174.42M | $56.71M | $29.84M | $44.17M |
| Short-Term Investments | — | — | — | — | $0 | $6.89M | $0 | — | — |
| Total Current Assets | $59.50M | $132.66M | $219.60M | $448.95M | $381.52M | $382.10M | $363.59M | $212.26M | $171.05M |
| Net PP&E | $2.92M | $12.05M | $25.91M | $29.45M | $41.03M | $36.18M | $33.49M | $40.34M | $35.05M |
| Goodwill | $1.31M | $9.35M | $10.46M | $9.63M | $0 | $0 | $0 | $26.38M | $0 |
| Intangibles | $2.35M | $14.31M | $13.72M | $10.53M | $7.52M | $6.03M | $4.03M | $131.79M | $105.78M |
| Total Assets | $67.61M | $169.95M | $271.05M | $501.53M | $433.58M | $428.57M | $406.53M | $418.77M | $319.63M |
| LiabilitiesTotal Current Liabilities | $18.13M | $19.83M | $39.80M | $36.98M | $31.35M | $38.98M | $42.01M | $74.76M | $50.37M |
| Short-Term Debt | — | $75.0K | $7.67M | — | — | — | — | — | — |
| Long-Term Debt | $7.62M | $7.59M | $7.69M | — | — | — | — | — | — |
| Long-Term Leases | — | — | $21.89M | $20.46M | $41.42M | $37.22M | $32.62M | $29.32M | $25.57M |
| Total Liabilities | $26.55M | $41.29M | $64.92M | $60.58M | $75.65M | $78.61M | $76.50M | $123.04M | $82.42M |
| EquityCommon Stock & APIC | $22.0K | $28.0K | $32.0K | $37.0K | $37.0K | $38.0K | $39.0K | $47.0K | $47.0K |
| Retained Earnings | -$175.89M | -$216.24M | -$247.77M | -$305.46M | -$403.20M | -$431.55M | -$470.08M | -$577.23M | -$643.71M |
| Total Equity | $41.06M | $128.66M | $205.82M | $442.79M | $357.93M | $349.96M | $330.04M | $295.73M | $237.21M |
| HighlightsNet Cash / (Debt) | — | $101.49M | $166.22M | — | — | — | — | — | — |
| Line item | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | -$28.72M | -$26.19M | -$23.36M | -$47.62M | -$48.61M | -$18.85M | -$35.16M | -$77.24M | -$80.92M |
| Cash from Investing | -$5.45M | -$25.38M | -$626.0K | -$6.40M | -$11.09M | -$148.45M | -$82.27M | $50.23M | -$5.49M |
| Cash from Financing | -$78.0K | $116.20M | $96.24M | $270.80M | $2.31M | $2.69M | $456.0K | -$708.0K | -$1.67M |
| SummaryCapital Expenditure | -$1.52M | -$10.85M | -$3.93M | -$13.68M | -$11.61M | -$3.84M | -$3.37M | -$2.61M | -$762.0K |
| Free Cash Flow | -$30.24M | -$37.03M | -$27.30M | -$61.30M | -$60.23M | -$22.69M | -$38.53M | -$79.85M | -$81.68M |
| FCF Margin | -80.4% | -65.3% | -31.6% | -55.4% | -57.1% | -18.5% | -28.0% | -57.5% | -53.2% |