| Metric | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Trend |
|---|---|---|---|---|---|---|---|---|---|
| EarningsRevenue | $8.25M | $12.63M | $9.32M | $13.57M | $13.64M +65.4% | $9.44M -25.2% | $13.82M +48.2% | $20.66M +52.3% | Strengthening |
| Operating Profit | -$17.63M | -$21.09M | -$11.52M | -$11.60M | -$9.99M +43.3% | -$21.81M -3.4% | -$6.95M +39.7% | -$11.06M +4.6% | Strengthening |
| Net Profit | -$21.88M | -$21.28M | -$25.01M | -$13.26M | -$11.19M +48.9% | -$21.90M -2.9% | -$7.00M +72.0% | -$11.51M +13.2% | Strengthening |
| EPS | $-35.52 | — | $-1.87 | $-0.94 | $-0.65 +98.2% | — | $-0.28 +85.0% | $-0.39 +58.5% | Strengthening |
| Other Income | — | — | — | — | — | — | — | — | — |
| Interest | $3.56M | $3.05M | $1.07M | $1.57M | $1.20M -66.3% | $524.0K -82.8% | $733.0K -31.5% | $175.0K -88.9% | Weakening |
| Depreciation | — | — | — | — | — | — | — | — | — |
| Profit before Tax | -$21.88M | -$21.30M | -$25.01M | -$13.17M | -$11.20M +48.8% | -$21.86M -2.7% | -$6.97M +72.1% | -$11.52M +12.6% | Strengthening |
| MarginsOPM | -213.8% | -167.0% | -123.7% | -85.4% | -73.3% +65.7% | -231.0% -38.3% | -50.3% +59.3% | -53.5% +37.3% | Strengthening |
| Tax | 0.0% | 0.1% | -0.0% | -0.7% | 0.1% | -0.2% -277.8% | -0.4% -1133.3% | 0.1% | Weakening |
| ReturnsROIC | 4.2% | 4.1% | 4.8% | 2.6% | 2.2% -48.9% | 4.2% +2.9% | 1.4% -72.0% | 2.2% -13.2% | Weakening |
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | TTM |
|---|---|---|---|---|---|---|---|
| AssetsCash & Equivalents | $15.52M | $207.60M | $31.98M | $24.49M | $1.21M | $39.01M | $91.14M |
| Short-Term Investments | — | — | — | — | — | — | — |
| Total Current Assets | $27.90M | $268.07M | $171.52M | $113.02M | $57.72M | $80.12M | $156.13M |
| Net PP&E | $1.64M | $21.12M | $33.36M | $27.00M | $23.04M | $20.73M | $37.07M |
| Goodwill | — | — | — | — | — | — | — |
| Intangibles | — | — | — | — | — | — | — |
| Total Assets | $32.69M | $302.72M | $223.06M | $153.80M | $89.18M | $105.35M | $200.15M |
| LiabilitiesTotal Current Liabilities | $12.13M | $46.66M | $46.05M | $48.67M | $38.00M | $33.80M | $24.65M |
| Short-Term Debt | — | — | — | — | $5.67M | — | — |
| Long-Term Debt | — | — | $8.36M | $44.00M | $5.67M | $31.02M | $8.17M |
| Long-Term Leases | $232.0K | $9.14M | $12.20M | $9.97M | $8.36M | $6.97M | $22.43M |
| Total Liabilities | $16.81M | $192.30M | $84.27M | $85.46M | $49.52M | $67.19M | $53.61M |
| EquityCommon Stock & APIC | $1.0K | $2.0K | $2.0K | $2.0K | $4.0K | $5.0K | $5.0K |
| Retained Earnings | -$122.78M | -$229.87M | -$221.90M | -$357.04M | -$426.78M | -$498.14M | -$516.65M |
| Total Equity | -$107.82M | $110.42M | $138.79M | $68.34M | $39.66M | $38.16M | $146.54M |
| HighlightsNet Cash / (Debt) | — | — | — | — | -$10.12M | — | — |
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | TTM |
|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | -$26.45M | -$56.40M | -$123.96M | -$105.64M | -$32.68M | -$27.33M | -$53.30M |
| Cash from Investing | -$3.43M | -$33.59M | -$53.02M | $38.89M | $7.77M | -$2.71M | -$5.37M |
| Cash from Financing | $35.58M | $282.89M | $1.34M | $59.26M | $1.46M | $67.83M | $152.30M |
| SummaryCapital Expenditure | -$401.0K | -$9.62M | -$13.82M | -$1.05M | -$9.0K | -$2.71M | -$5.37M |
| Free Cash Flow | -$26.85M | -$66.02M | -$137.78M | -$106.68M | -$32.69M | -$30.04M | -$58.67M |
| FCF Margin | -141.5% | -240.6% | -175.1% | -137.8% | -79.7% | -65.3% | -101.9% |