| Metric | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Trend |
|---|---|---|---|---|---|---|---|---|---|
| EarningsRevenue | $18.53M | $22.49M | $31.98M | $38.11M | $37.30M +101.3% | $41.78M +85.7% | $34.45M +7.8% | $41.57M +9.1% | Strengthening |
| Operating Profit | -$7.73M | -$11.47M | -$11.01M | -$8.06M | -$7.32M +5.3% | -$5.04M +56.0% | -$8.99M +18.3% | -$1.50M +81.4% | Strengthening |
| Net Profit | -$13.34M | -$12.66M | -$12.68M | -$10.12M | -$9.04M +32.2% | -$7.16M +43.5% | -$10.79M +14.9% | -$3.44M +66.0% | Strengthening |
| EPS | $-0.44 | — | $-0.21 | $-0.15 | $-0.13 +70.5% | — | $-0.16 +23.8% | $-0.05 +66.7% | Strengthening |
| Other Income | — | — | — | — | — | — | — | — | — |
| Interest | $1.73M | $1.76M | $1.92M | $1.97M | $2.21M +27.9% | $2.32M +31.9% | $2.27M +17.9% | $2.13M +7.9% | Strengthening |
| Depreciation | — | — | — | — | — | — | — | — | — |
| Profit before Tax | — | — | — | — | — | — | — | — | — |
| MarginsOPM | -41.7% | -51.0% | -34.5% | -21.1% | -19.6% +52.9% | -12.1% +76.3% | -26.1% +24.2% | -3.6% +82.9% | Strengthening |
| Tax | — | — | — | — | — | — | — | — | — |
| ReturnsROIC | 2.8% | 2.7% | 2.7% | 2.1% | 1.9% -32.2% | 1.5% -43.5% | 2.3% -14.9% | 0.7% -66.0% | Weakening |
| Line item | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| AssetsCash & Equivalents | $104.58M | $75.71M | $48.96M | $94.14M | $70.34M | $59.68M | $18.46M | $28.13M | $19.20M |
| Short-Term Investments | — | — | — | — | — | — | — | — | — |
| Total Current Assets | $114.47M | $88.45M | $65.01M | $115.33M | $98.77M | $93.79M | $58.12M | $61.55M | $53.23M |
| Net PP&E | $1.38M | $4.90M | $4.15M | $5.10M | $5.32M | $4.78M | $33.34M | $28.03M | $27.38M |
| Goodwill | — | — | — | — | — | — | $18.63M | $23.62M | $23.62M |
| Intangibles | — | — | — | — | — | — | $19.61M | $18.15M | $17.42M |
| Total Assets | $117.02M | $100.17M | $78.66M | $141.22M | $116.88M | $115.83M | $140.90M | $141.55M | $131.53M |
| LiabilitiesTotal Current Liabilities | $13.56M | $27.69M | $13.68M | $15.70M | $33.20M | $19.81M | $31.27M | $30.52M | $28.31M |
| Short-Term Debt | — | $11.25M | — | — | $13.13M | — | — | — | — |
| Long-Term Debt | $30.39M | $19.90M | $34.62M | $35.34M | $22.83M | $59.28M | $55.15M | $65.81M | $61.52M |
| Long-Term Leases | — | $2.62M | $3.12M | $3.54M | $2.97M | $2.35M | $22.69M | $18.93M | $19.86M |
| Total Liabilities | $45.98M | $52.32M | $53.16M | $56.05M | $59.82M | $81.64M | $109.10M | $115.31M | $109.89M |
| EquityCommon Stock & APIC | $177.0K | $186.0K | $191.0K | $264.0K | $273.0K | $291.0K | $557.0K | $690.0K | $762.0K |
| Retained Earnings | -$221.04M | -$250.09M | -$277.54M | -$308.73M | -$345.89M | -$376.08M | -$419.79M | -$458.79M | -$473.15M |
| Total Equity | $71.04M | $47.85M | $25.49M | $85.17M | $57.06M | $34.19M | $27.71M | $22.38M | $17.85M |
| HighlightsNet Cash / (Debt) | — | $44.56M | — | — | $34.39M | — | — | — | — |
| Line item | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | -$20.59M | -$30.48M | -$28.39M | -$27.98M | -$30.74M | -$32.04M | -$31.00M | -$20.40M | -$10.33M |
| Cash from Investing | -$1.01M | -$813.0K | -$730.0K | -$9.84M | $6.73M | -$1.32M | -$2.41M | -$801.0K | -$919.0K |
| Cash from Financing | $97.04M | $2.42M | $2.37M | $83.01M | $207.0K | $22.70M | -$6.81M | $35.85M | $18.70M |
| SummaryCapital Expenditure | -$1.01M | -$813.0K | -$730.0K | -$2.35M | -$3.27M | -$2.37M | -$1.47M | -$801.0K | -$944.0K |
| Free Cash Flow | -$21.60M | -$31.30M | -$29.12M | -$30.34M | -$34.01M | -$34.41M | -$32.46M | -$21.20M | -$11.28M |
| FCF Margin | -40.9% | -49.9% | -59.1% | -54.8% | -52.2% | -48.2% | -43.3% | -14.2% | -7.3% |