| Metric | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Trend |
|---|---|---|---|---|---|---|---|---|---|
| EarningsRevenue | $20.16M | $19.07M | $17.51M | $19.56M | $19.91M -1.2% | $20.39M +6.9% | $19.70M +12.5% | $23.39M +19.5% | Strengthening |
| Operating Profit | -$11.23M | -$11.93M | -$13.86M | -$11.67M | -$7.91M +29.6% | -$3.67M +69.3% | -$12.41M +10.4% | -$3.89M +66.7% | Strengthening |
| Net Profit | -$11.07M | -$11.85M | -$14.15M | -$11.94M | -$8.17M +26.2% | -$4.16M +64.9% | -$12.98M +8.3% | -$4.45M +62.8% | Strengthening |
| EPS | $-0.22 | — | $-0.28 | $-0.23 | $-0.16 +27.3% | — | $-0.24 +14.3% | $-0.08 +65.2% | Strengthening |
| Other Income | — | — | — | — | — | — | — | — | — |
| Interest | $1.15M | $1.16M | $1.26M | $1.28M | $1.31M +13.5% | $1.29M +10.9% | $1.27M +0.4% | $1.29M +0.5% | Strengthening |
| Depreciation | — | — | — | — | — | — | — | — | — |
| Profit before Tax | -$10.90M | -$11.81M | -$14.11M | -$11.90M | -$8.25M +24.3% | -$4.15M +64.8% | -$12.97M +8.1% | -$4.42M +62.9% | Strengthening |
| MarginsOPM | -55.7% | -62.5% | -79.2% | -59.6% | -39.7% +28.7% | -18.0% +71.2% | -63.0% +20.4% | -16.6% +72.1% | Strengthening |
| Tax | -1.5% | -0.3% | -0.3% | -0.3% | 1.0% | -0.2% +40.6% | -0.1% +72.4% | -0.6% -85.3% | Strengthening |
| ReturnsROIC | 2.8% | 2.9% | 3.5% | 3.0% | 2.0% -26.2% | 1.0% -64.9% | 3.2% -8.3% | 1.1% -62.8% | Weakening |
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | TTM |
|---|---|---|---|---|---|---|---|
| AssetsCash & Equivalents | $61.51M | $260.69M | $185.00M | $138.13M | $120.36M | $91.97M | $79.75M |
| Short-Term Investments | — | — | — | — | — | — | — |
| Total Current Assets | $70.63M | $277.04M | $209.68M | $162.87M | $139.77M | $112.73M | $101.44M |
| Net PP&E | $1.79M | $2.95M | $3.19M | $3.10M | $2.52M | $2.05M | $2.85M |
| Goodwill | — | — | — | — | — | — | — |
| Intangibles | — | — | — | — | — | — | — |
| Total Assets | $72.81M | $280.19M | $213.07M | $166.65M | $142.84M | $115.30M | $104.87M |
| LiabilitiesTotal Current Liabilities | $9.31M | $13.50M | $17.82M | $12.25M | $15.47M | $11.03M | $20.50M |
| Short-Term Debt | $0 | $0 | $0 | $2.22M | $0 | $0 | $10.13M |
| Long-Term Debt | $31.95M | $32.66M | $33.31M | $31.71M | $39.36M | $40.30M | $30.64M |
| Long-Term Leases | $134.0K | $1.04M | $635.0K | $914.0K | $473.0K | $0 | $804.0K |
| Total Liabilities | $44.32M | $48.08M | $53.00M | $46.44M | $55.32M | $51.36M | $51.98M |
| EquityCommon Stock & APIC | $9.0K | $48.0K | $48.0K | $49.0K | $51.0K | $54.0K | $55.0K |
| Retained Earnings | -$90.04M | -$153.00M | -$239.24M | -$294.79M | -$346.30M | -$384.72M | -$402.15M |
| Total Equity | -$88.85M | $232.11M | $160.08M | $120.22M | $87.52M | $63.94M | $52.89M |
| HighlightsNet Cash / (Debt) | $29.56M | $228.03M | $151.69M | $104.20M | $81.00M | $51.66M | $38.98M |
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | TTM |
|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | -$32.17M | -$52.54M | -$75.97M | -$47.18M | -$22.35M | -$29.69M | -$23.24M |
| Cash from Investing | -$953.0K | -$813.0K | -$970.0K | -$791.0K | -$385.0K | -$224.0K | -$93.0K |
| Cash from Financing | $73.40M | $252.53M | $1.25M | $1.10M | $4.96M | $1.79M | $1.85M |
| SummaryCapital Expenditure | -$953.0K | -$813.0K | -$970.0K | -$791.0K | -$385.0K | -$224.0K | -$93.0K |
| Free Cash Flow | -$33.13M | -$53.35M | -$76.94M | -$47.98M | -$22.74M | -$29.92M | -$23.33M |
| FCF Margin | -119.9% | -109.0% | -107.9% | -59.2% | -28.5% | -38.7% | -28.0% |