| Metric | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Trend |
|---|---|---|---|---|---|---|---|---|---|
| EarningsRevenue | $40.34M | $49.00M | $47.29M | $48.63M | $48.66M +20.6% | $56.35M +15.0% | $52.59M +11.2% | $56.01M +15.2% | Strengthening |
| Operating Profit | -$7.63M | -$5.49M | -$7.48M | -$7.00M | -$5.38M +29.5% | -$2.46M +55.2% | -$5.09M +31.9% | -$4.81M +31.4% | Strengthening |
| Net Profit | -$6.58M | -$4.50M | -$6.54M | -$6.15M | -$4.57M +30.6% | -$1.64M +63.4% | -$4.33M +33.8% | -$4.09M +33.6% | Strengthening |
| EPS | $-0.16 | — | $-0.15 | $-0.14 | $-0.11 +31.3% | — | $-0.10 +33.3% | $-0.09 +35.7% | Strengthening |
| Other Income | — | — | — | — | — | — | — | — | — |
| Interest | $884.0K | $795.0K | $662.0K | $666.0K | $670.0K -24.2% | $630.0K -20.8% | $592.0K -10.6% | $598.0K -10.2% | Weakening |
| Depreciation | — | — | — | — | — | — | — | — | — |
| Profit before Tax | — | — | — | — | — | — | — | — | — |
| MarginsOPM | -18.9% | -11.2% | -15.8% | -14.4% | -11.1% +41.5% | -4.4% +61.0% | -9.7% +38.8% | -8.6% +40.4% | Strengthening |
| Tax | — | — | — | — | — | — | — | — | — |
| ReturnsROIC | 1.4% | 1.0% | 1.4% | 1.3% | 1.0% -30.6% | 0.4% -63.4% | 0.9% -33.8% | 0.9% -33.6% | Weakening |
| Line item | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| AssetsCash & Equivalents | $25.12M | $10.44M | $53.58M | $63.42M | $20.72M | $33.27M | $34.95M | $42.24M | $33.13M |
| Short-Term Investments | — | — | — | — | — | — | — | — | — |
| Total Current Assets | $136.04M | $111.46M | $218.24M | $175.87M | $137.61M | $211.39M | $207.78M | $216.12M | $219.91M |
| Net PP&E | $2.15M | $3.95M | $4.53M | $14.24M | $19.57M | $18.71M | $22.36M | $22.39M | $28.63M |
| Goodwill | — | — | — | — | — | — | — | — | — |
| Intangibles | — | — | — | — | — | — | — | — | — |
| Total Assets | $138.52M | $117.01M | $223.14M | $190.51M | $157.55M | $230.43M | $230.44M | $238.56M | $248.76M |
| LiabilitiesTotal Current Liabilities | $9.01M | $18.77M | $13.47M | $16.89M | $21.18M | $23.46M | $27.13M | $25.28M | $24.04M |
| Short-Term Debt | $0 | $4.36M | $0 | $0 | — | — | — | — | — |
| Long-Term Debt | $38.96M | $34.87M | $39.45M | $34.97M | $35.17M | $36.06M | $35.45M | $35.57M | $35.63M |
| Long-Term Leases | — | — | $0 | $4.17M | $2.87M | $1.51M | $879.0K | $175.0K | $6.74M |
| Total Liabilities | $48.33M | $54.00M | $53.78M | $56.09M | $59.25M | $61.05M | $63.47M | $61.02M | $66.41M |
| EquityCommon Stock & APIC | $3.0K | $3.0K | $3.0K | $3.0K | $3.0K | $4.0K | $4.0K | $4.0K | $4.0K |
| Retained Earnings | -$157.18M | -$195.58M | -$239.28M | -$295.85M | -$357.11M | -$400.44M | -$431.35M | -$450.26M | -$458.68M |
| Total Equity | $90.19M | $63.01M | $169.36M | $134.42M | $98.30M | $169.38M | $166.96M | $177.53M | $182.35M |
| HighlightsNet Cash / (Debt) | -$13.84M | -$28.79M | $14.13M | $28.45M | — | — | — | — | — |
| Line item | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | -$14.52M | -$31.63M | -$30.66M | -$39.53M | -$41.66M | -$18.71M | -$12.43M | -$675.0K | $2.48M |
| Cash from Investing | -$97.83M | $13.49M | -$62.92M | $51.58M | -$2.81M | -$59.80M | $12.62M | $4.16M | -$5.97M |
| Cash from Financing | $115.15M | $3.49M | $136.40M | -$1.71M | $2.20M | $90.93M | $1.96M | $3.38M | $2.70M |
| SummaryCapital Expenditure | -$942.0K | -$2.44M | -$2.56M | -$6.39M | -$9.51M | -$7.80M | -$10.50M | -$8.41M | -$6.87M |
| Free Cash Flow | -$15.46M | -$34.07M | -$33.22M | -$45.92M | -$51.16M | -$26.51M | -$22.92M | -$9.09M | -$4.39M |
| FCF Margin | -27.9% | -50.6% | -45.3% | -50.9% | -48.1% | -19.1% | -13.7% | -4.5% | -2.1% |