| Metric | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Trend |
|---|---|---|---|---|---|---|---|---|---|
| EarningsRevenue | $7.53M | $8.27M | $5.94M | $6.16M | $8.41M +11.8% | $9.21M +11.3% | $9.39M +58.3% | $15.06M +144.6% | Strengthening |
| Operating Profit | -$9.02M | -$35.24M | -$7.18M | -$6.62M | -$7.78M +13.7% | -$12.10M +65.7% | -$16.63M -131.7% | -$16.94M -155.8% | Weakening |
| Net Profit | -$7.19M | -$40.02M | -$7.56M | -$7.38M | -$23.96M -233.2% | -$14.52M +63.7% | -$17.47M -131.2% | -$20.71M -180.5% | Weakening |
| EPS | $-1.56 | — | $-1.21 | $-0.93 | $-1.14 +26.9% | — | $-0.24 +80.2% | $-0.18 +80.6% | Strengthening |
| Other Income | — | — | — | — | — | — | — | — | — |
| Interest | $821.0K | $833.0K | $838.0K | $1.20M | $1.21M +47.6% | $1.59M +90.8% | $1.48M +76.7% | $3.17M +164.8% | Strengthening |
| Depreciation | — | — | — | — | — | — | — | — | — |
| Profit before Tax | -$8.64M | -$39.26M | -$7.78M | -$8.39M | -$26.45M -206.2% | -$16.69M +57.5% | -$18.53M -138.2% | -$23.17M -176.2% | Weakening |
| MarginsOPM | -119.8% | -426.0% | -120.9% | -107.6% | -92.5% +22.8% | -131.4% +69.2% | -177.0% -46.4% | -112.5% -4.6% | Strengthening |
| Tax | 6.3% | 1.9% | 5.5% | 7.3% | 2.5% -60.2% | 3.7% +95.8% | 3.4% -38.3% | 2.4% -67.4% | Weakening |
| ReturnsROIC | 1.8% | 9.9% | 1.9% | 1.8% | 5.9% +233.2% | 3.6% -63.7% | 4.3% +131.2% | 5.1% +180.5% | Strengthening |
| Line item | FY17 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| AssetsCash & Equivalents | — | — | — | — | — | — | — | — | — |
| Short-Term Investments | — | — | — | — | — | — | — | — | — |
| Total Current Assets | $6.02M | $4.24M | $4.78M | $24.98M | $3.76M | $14.28M | $13.49M | $92.13M | $134.62M |
| Net PP&E | $184.0K | $1.12M | $1.15M | $45.00M | $42.44M | $45.00M | $47.60M | $75.03M | $141.95M |
| Goodwill | — | — | — | — | — | — | — | — | — |
| Intangibles | — | — | — | $45.84M | $36.43M | $27.01M | $17.62M | $8.26M | $6.07M |
| Total Assets | $6.20M | $5.75M | $8.65M | $117.69M | $84.96M | $91.28M | $88.04M | $187.94M | $293.51M |
| LiabilitiesTotal Current Liabilities | $1.24M | $1.14M | $1.64M | $15.68M | $29.52M | $28.18M | $47.87M | $49.19M | $65.44M |
| Short-Term Debt | — | — | — | — | — | — | $14.44M | $8.86M | $30.10M |
| Long-Term Debt | — | — | — | — | $13.00M | — | $7.06M | $17.90M | $3.02M |
| Long-Term Leases | — | $776.0K | $297.0K | $237.0K | $84.0K | $216.0K | $252.0K | $187.0K | $4.28M |
| Total Liabilities | $1.24M | $1.92M | $2.73M | $26.71M | $38.69M | $37.92M | $60.68M | $75.70M | $81.82M |
| EquityCommon Stock & APIC | $104.0K | $106.0K | $11.0K | $15.0K | $1.0K | $3.0K | $11.0K | $103.0K | $226.0K |
| Retained Earnings | -$120.40M | -$119.74M | -$117.79M | -$123.05M | -$221.77M | -$250.97M | -$314.30M | -$367.71M | -$405.89M |
| Total Equity | $4.96M | $3.83M | $5.92M | $90.99M | $41.87M | $26.51M | -$12.48M | $53.55M | $155.93M |
| HighlightsNet Cash / (Debt) | — | — | — | — | — | — | — | — | — |
| Line item | FY17 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | $363.0K | $289.0K | -$1.21M | $4.63M | -$6.12M | -$2.99M | -$5.07M | -$9.15M | -$19.43M |
| Cash from Investing | -$107.0K | -$83.0K | -$1.83M | -$57.27M | -$54.71M | -$10.33M | -$13.16M | -$31.85M | -$88.57M |
| Cash from Financing | $191.0K | -$3.47M | $83.0K | $59.38M | $42.94M | $21.86M | $18.32M | $119.39M | $224.13M |
| SummaryCapital Expenditure | -$107.0K | -$83.0K | -$805.0K | -$45.79M | -$63.68M | -$12.71M | -$8.85M | -$28.07M | -$29.76M |
| Free Cash Flow | $256.0K | $206.0K | -$2.02M | -$41.16M | -$69.80M | -$15.69M | -$13.92M | -$37.21M | -$49.19M |
| FCF Margin | — | 3.1% | -339.3% | -286.9% | -244.5% | -74.5% | -36.6% | -125.2% | -116.9% |