| Metric | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Trend |
|---|---|---|---|---|---|---|---|---|---|
| EarningsRevenue | $3.86M | $3.70M | $3.02M | $3.82M | $6.78M +75.7% | $3.82M +3.4% | $5.14M +70.5% | $5.15M +34.9% | Strengthening |
| Operating Profit | -$2.65M | -$2.81M | -$3.92M | -$4.87M | -$4.73M -79.0% | -$6.38M -127.3% | -$6.62M -68.8% | -$4.83M +0.8% | Weakening |
| Net Profit | -$2.62M | -$2.83M | -$3.86M | -$5.01M | -$5.40M -106.4% | -$6.89M -143.8% | -$7.68M -98.8% | -$5.48M -9.3% | Weakening |
| EPS | $-0.40 | — | $-0.45 | $-0.55 | $-0.49 -22.5% | — | $-0.52 -15.6% | $-0.31 +43.6% | Strengthening |
| Other Income | — | — | — | — | — | — | — | — | — |
| Interest | — | — | — | — | $500.0K | — | $1.10M | $1.10M | Strengthening |
| Depreciation | — | — | — | — | — | — | — | — | — |
| Profit before Tax | -$2.62M | -$2.83M | -$3.86M | -$5.01M | -$5.40M -106.4% | -$6.95M -145.9% | -$7.75M -100.6% | -$5.52M -10.2% | Weakening |
| MarginsOPM | -68.5% | -75.8% | -129.9% | -127.4% | -69.8% -1.9% | -166.8% -119.9% | -128.7% +1.0% | -93.6% +26.5% | Weakening |
| Tax | — | — | — | — | — | — | — | — | — |
| ReturnsROIC | 1.9% | 2.0% | 2.8% | 3.6% | 3.9% +106.4% | 5.0% +143.8% | 5.5% +98.8% | 4.0% +9.3% | Strengthening |
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | TTM |
|---|---|---|---|---|---|---|---|---|
| AssetsCash & Equivalents | $469.4K | $18.21M | $24.03M | $3.52M | $1.64M | $6.26M | $2.03M | $1.77M |
| Short-Term Investments | — | — | — | — | — | — | — | — |
| Total Current Assets | $1.98M | $20.39M | $27.32M | $5.42M | $2.46M | $7.47M | $4.38M | $4.21M |
| Net PP&E | $1.14M | $872.0K | $2.83M | $4.78M | $4.70M | $4.34M | $7.92M | $7.45M |
| Goodwill | $2.67M | $2.67M | $2.84M | $2.84M | $2.84M | $2.84M | $8.57M | $8.57M |
| Intangibles | $689.2K | $270.0K | $341.0K | $302.0K | $420.0K | $409.0K | $4.04M | $3.64M |
| Total Assets | $7.55M | $25.33M | $33.69M | $13.72M | $10.73M | $15.28M | $25.15M | $24.14M |
| LiabilitiesTotal Current Liabilities | $9.09M | $7.84M | $7.51M | $6.81M | $7.29M | $4.98M | $18.08M | $20.39M |
| Short-Term Debt | $3.71M | $867.0K | $1.26M | — | — | — | $8.35M | $7.77M |
| Long-Term Debt | $3.71M | $423.0K | $1.26M | — | — | — | $469.0K | $366.0K |
| Long-Term Leases | — | — | $641.0K | $1.99M | $1.52M | $1.03M | $3.84M | $3.44M |
| Total Liabilities | $9.18M | $8.41M | $8.15M | $8.92M | $10.32M | $7.33M | $26.70M | $28.13M |
| EquityCommon Stock & APIC | $1.2K | $2.0K | $2.0K | $2.0K | — | — | $1.0K | $1.0K |
| Retained Earnings | -$23.28M | -$35.34M | -$55.62M | -$79.47M | -$93.05M | -$104.19M | -$125.36M | -$138.52M |
| Total Equity | -$2.94M | $16.92M | $25.54M | $4.80M | $411.0K | $7.95M | -$1.49M | -$3.81M |
| HighlightsNet Cash / (Debt) | -$6.95M | $16.92M | $21.50M | — | — | — | -$6.79M | -$6.36M |
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | TTM |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | -$5.34M | -$5.68M | -$15.73M | -$19.59M | -$11.95M | -$12.69M | -$15.26M | -$17.13M |
| Cash from Investing | $86.2K | -$120.0K | -$2.61M | -$924.0K | -$853.0K | -$568.0K | -$7.53M | -$1.93M |
| Cash from Financing | $4.47M | $23.54M | $24.17M | — | $10.92M | $17.88M | $18.56M | $16.43M |
| SummaryCapital Expenditure | -$175.6K | -$120.0K | -$2.40M | -$924.0K | -$803.0K | -$568.0K | -$2.34M | -$1.88M |
| Free Cash Flow | -$5.52M | -$5.80M | -$18.13M | -$20.51M | -$12.75M | -$13.26M | -$17.60M | -$19.01M |
| FCF Margin | -48.4% | -44.4% | -107.4% | -128.0% | -92.4% | -88.2% | -100.9% | -91.0% |