| Metric | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Trend |
|---|---|---|---|---|---|---|---|---|---|
| EarningsRevenue | $4.26M | $8.30M | $6.26M | $6.65M | $8.10M +89.9% | $14.26M +71.8% | $11.71M +87.2% | $14.48M +117.8% | Strengthening |
| Operating Profit | -$22.85M | -$14.27M | -$13.49M | -$14.32M | -$19.60M +14.2% | -$20.93M -46.6% | -$31.85M -136.1% | -$35.99M -151.3% | Weakening |
| Net Profit | -$23.98M | — | -$14.26M | -$14.50M | -$19.53M +18.5% | — | -$32.33M -126.8% | -$36.70M -153.1% | Weakening |
| EPS | $-0.77 | — | $-0.40 | $-0.36 | $-0.43 +44.2% | — | $-0.71 -77.5% | $-0.63 -75.0% | Weakening |
| Other Income | -$1.13M | -$1.21M | -$771.0K | -$178.0K | $71.0K | $102.0K | -$487.0K +36.8% | -$717.0K -302.8% | Weakening |
| Interest | $2.13M | $2.17M | $1.43M | $1.15M | $1.17M -45.1% | $1.21M -44.5% | $1.19M -16.6% | $1.60M +39.7% | Weakening |
| Depreciation | — | — | — | — | — | — | — | — | — |
| Profit before Tax | — | — | — | — | — | — | — | — | — |
| MarginsOPM | -535.9% | -172.0% | -215.6% | -215.4% | -242.1% +54.8% | -146.8% +14.7% | -271.9% -26.1% | -248.5% -15.3% | Weakening |
| Tax | — | — | — | — | — | — | — | — | — |
| ReturnsROIC | 2.2% | — | 1.3% | 1.3% | 1.8% -18.5% | — | 3.0% +126.8% | 3.4% +153.1% | Strengthening |
| Line item | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| AssetsCash & Equivalents | $136.79M | $95.94M | $18.00M | $33.46M | $35.79M | $75.71M | $74.60M | $40.23M | $44.75M |
| Short-Term Investments | — | — | — | — | — | — | — | — | — |
| Total Current Assets | $158.11M | $127.76M | $30.25M | $144.41M | $161.20M | $130.03M | $91.44M | $117.53M | $166.46M |
| Net PP&E | $1.75M | $4.82M | $3.69M | $2.13M | $4.14M | $6.36M | $4.84M | $4.46M | $5.84M |
| Goodwill | — | — | — | — | — | — | — | — | — |
| Intangibles | — | — | — | — | — | — | — | $600.0K | — |
| Total Assets | $159.97M | $132.80M | $35.92M | $198.93M | $177.67M | $138.22M | $100.44M | $126.27M | $176.84M |
| LiabilitiesTotal Current Liabilities | $28.89M | $126.71M | $16.64M | $18.39M | $31.47M | $17.26M | $38.85M | $24.35M | $24.68M |
| Short-Term Debt | — | — | — | — | — | — | — | — | — |
| Long-Term Debt | — | $11.80M | $57.22M | $59.80M | $56.38M | $41.20M | $34.70M | $35.59M | $55.81M |
| Long-Term Leases | — | $2.28M | $1.48M | $579.0K | $2.69M | $6.21M | $5.79M | $5.29M | $6.04M |
| Total Liabilities | $88.71M | $141.45M | $177.19M | $384.46M | $142.59M | $64.77M | $79.34M | $65.22M | $86.52M |
| EquityCommon Stock & APIC | $177.0K | $203.0K | $266.0K | $447.0K | $480.0K | $530.0K | $30.0K | $41.0K | $53.0K |
| Retained Earnings | -$357.79M | -$473.34M | -$648.51M | -$950.99M | -$808.87M | -$869.26M | -$947.87M | -$1.02B | -$1.09B |
| Total Equity | $71.26M | -$8.65M | -$144.08M | -$185.53M | -$2.58M | $35.80M | -$16.55M | $61.05M | $90.31M |
| HighlightsNet Cash / (Debt) | — | — | — | — | — | — | — | — | — |
| Line item | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | -$90.77M | -$136.05M | -$67.42M | -$56.08M | -$66.31M | -$70.16M | -$60.47M | -$59.13M | -$95.94M |
| Cash from Investing | $19.43M | -$1.04M | -$181.0K | -$148.75M | $26.88M | $89.71M | $32.84M | -$53.42M | -$3.85M |
| Cash from Financing | $191.99M | $96.24M | -$10.13M | $220.08M | $41.76M | $20.37M | $26.83M | $78.19M | $113.03M |
| SummaryCapital Expenditure | -$989.0K | -$1.04M | -$181.0K | -$210.0K | -$312.0K | -$350.0K | -$2.24M | -$1.12M | -$886.0K |
| Free Cash Flow | -$91.76M | -$137.09M | -$67.60M | -$56.29M | -$66.62M | -$70.51M | -$62.70M | -$60.24M | -$96.83M |
| FCF Margin | -485.2% | -643.6% | -1366.0% | -411.6% | -406.5% | -314.9% | -279.0% | -170.9% | -199.5% |