| Metric | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Trend |
|---|---|---|---|---|---|---|---|---|---|
| EarningsRevenue | $25.20M | $24.57M | $20.25M | $24.21M | $27.48M +9.0% | $37.84M +54.0% | $50.96M +151.6% | $72.46M +199.2% | Strengthening |
| Operating Profit | -$17.55M | -$27.66M | -$36.91M | -$41.45M | -$27.39M -56.1% | -$19.11M +30.9% | -$20.26M +45.1% | $111.0K | Strengthening |
| Net Profit | -$23.67M | -$37.51M | -$43.84M | -$49.94M | -$33.35M -40.9% | -$26.36M +29.7% | -$23.57M +46.2% | -$14.35M +71.3% | Strengthening |
| EPS | $-0.51 | $-0.80 | $-0.92 | $-1.05 | $-0.69 -35.3% | — | $-0.47 +48.9% | $-0.28 +73.3% | Strengthening |
| Other Income | -$158.0K | -$62.0K | -$90.0K | -$378.0K | -$197.0K -24.7% | -$5.0K +91.9% | -$323.0K -258.9% | -$347.0K +8.2% | Weakening |
| Interest | — | — | — | — | — | — | — | — | — |
| Depreciation | — | — | — | — | — | — | — | — | — |
| Profit before Tax | -$23.58M | -$34.86M | -$43.45M | -$48.92M | -$34.40M -45.9% | -$26.64M +23.6% | -$28.35M +34.8% | -$8.72M +82.2% | Strengthening |
| MarginsOPM | -69.6% | -112.6% | -182.3% | -171.2% | -99.7% -43.2% | -50.5% +55.1% | -39.8% +78.2% | 0.1% | Strengthening |
| Tax | -0.4% | -7.6% | -0.9% | -2.1% | 3.1% | 1.0% | 16.8% | -64.5% -3017.9% | Weakening |
| ReturnsROIC | 2.4% | 3.8% | 4.4% | 5.0% | 3.3% +40.9% | 2.6% -29.7% | 2.4% -46.2% | 1.4% -71.3% | Weakening |
| Line item | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| AssetsCash & Equivalents | $101.32M | $49.69M | $52.86M | $44.36M | $55.41M | $95.00M | $171.99M | $110.75M | $79.13M |
| Short-Term Investments | — | — | — | — | — | — | — | — | — |
| Total Current Assets | $102.24M | $148.63M | $115.62M | $114.39M | $128.91M | $169.19M | $276.13M | $186.02M | $235.43M |
| Net PP&E | $948.0K | $4.71M | $4.20M | $3.15M | $3.75M | $689.0K | $1.50M | $3.72M | $3.41M |
| Goodwill | — | — | — | — | — | — | — | — | — |
| Intangibles | — | — | — | — | — | — | — | — | — |
| Total Assets | $103.56M | $202.39M | $122.00M | $119.75M | $135.62M | $178.31M | $285.71M | $200.46M | $252.59M |
| LiabilitiesTotal Current Liabilities | $13.46M | $19.48M | $21.44M | $22.38M | $23.92M | $31.21M | $45.95M | $46.42M | $61.91M |
| Short-Term Debt | — | — | — | — | — | — | — | — | — |
| Long-Term Debt | — | — | — | $0 | $97.54M | $98.55M | $121.73M | $122.21M | $188.73M |
| Long-Term Leases | — | $2.60M | $1.50M | $398.0K | $1.59M | $0 | $58.0K | $2.65M | $2.36M |
| Total Liabilities | $13.46M | $22.09M | $25.65M | $111.33M | $224.98M | $243.52M | $294.51M | $305.93M | $384.99M |
| EquityCommon Stock & APIC | $44.0K | $57.0K | $60.0K | $61.0K | $63.0K | $89.0K | $115.0K | $133.0K | $135.0K |
| Retained Earnings | -$122.87M | -$228.02M | -$356.50M | -$467.32M | -$577.10M | -$679.35M | -$806.22M | -$959.72M | -$997.64M |
| Total Equity | $90.09M | $180.30M | $96.36M | $8.41M | -$89.36M | -$65.21M | -$8.80M | -$105.47M | -$132.40M |
| HighlightsNet Cash / (Debt) | — | — | — | — | — | — | — | — | — |
| Line item | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | -$37.33M | -$71.02M | -$105.89M | -$84.89M | -$87.56M | -$76.38M | -$96.77M | -$162.44M | -$158.92M |
| Cash from Investing | $35.29M | -$145.59M | $93.24M | $4.07M | $1.06M | -$953.0K | -$20.61M | $61.56M | $40.10M |
| Cash from Financing | $66.42M | $165.25M | $16.53M | $72.32M | $97.13M | $116.93M | $194.62M | $39.92M | $105.29M |
| SummaryCapital Expenditure | -$560.0K | -$325.0K | -$1.22M | -$752.0K | -$254.0K | -$194.0K | -$295.0K | -$289.0K | -$218.0K |
| Free Cash Flow | -$37.89M | -$71.34M | -$107.10M | -$85.64M | -$87.81M | -$76.57M | -$97.06M | -$162.73M | -$159.13M |
| FCF Margin | -3359.4% | -396344.4% | -907.7% | -178.3% | -136.4% | -92.6% | -107.4% | -148.2% | -84.3% |