| Metric | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Trend |
|---|---|---|---|---|---|---|---|---|---|
| EarningsRevenue | $798.0K | $1.07M | $1.15M | $1.76M | $1.82M +127.8% | $2.19M +104.7% | $1.91M +65.5% | $1.77M +0.5% | Strengthening |
| Operating Profit | -$12.83M | -$10.95M | -$7.17M | -$7.62M | -$7.66M +40.3% | -$6.60M +39.8% | -$7.17M +0.0% | -$6.61M +13.2% | Strengthening |
| Net Profit | -$13.36M | -$13.03M | -$8.03M | -$7.69M | -$7.94M +40.6% | -$7.34M +43.7% | -$10.28M -28.0% | -$7.93M -3.2% | Strengthening |
| EPS | $-5.67 | $-2.96 | — | $-30.67 | $-1.25 +78.0% | $-0.85 +71.3% | — | $-11.00 +64.1% | Strengthening |
| Other Income | -$1.20M | -$2.38M | -$890.0K | -$461.0K | -$597.0K +50.1% | -$1.03M +56.6% | -$3.20M -259.3% | -$1.54M -234.5% | Weakening |
| Interest | $927.0K | $549.0K | $579.0K | $548.0K | $639.0K -31.1% | $1.09M +98.2% | $1.24M +114.2% | $1.49M +172.3% | Strengthening |
| Depreciation | — | — | — | — | — | — | — | — | — |
| Profit before Tax | -$14.03M | -$13.33M | -$8.06M | -$8.08M | -$8.26M +41.1% | -$7.63M +42.8% | -$10.37M -28.6% | -$8.15M -0.9% | Strengthening |
| MarginsOPM | -1608.2% | -1021.6% | -622.6% | -432.8% | -421.4% +73.8% | -300.6% +70.6% | -376.0% +39.6% | -374.0% +13.6% | Strengthening |
| Tax | — | — | — | — | — | — | — | — | — |
| ReturnsROIC | 4.0% | 3.9% | 2.4% | 2.3% | 2.4% -40.6% | 2.2% -43.7% | 3.1% +28.0% | 2.4% +3.2% | Weakening |
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| AssetsCash & Equivalents | $1.34M | $19.83M | $34.63M | $80.24M | $29.16M | $11.38M | $4.67M | $6.74M | $5.51M |
| Short-Term Investments | $6.54M | — | — | — | $16.72M | $23.09M | $2.25M | $4.90M | $4.30M |
| Total Current Assets | $8.69M | $26.68M | $37.22M | $92.94M | $59.41M | $43.94M | $16.02M | $24.77M | $22.85M |
| Net PP&E | $244.9K | $407.1K | $2.79M | $4.21M | $7.50M | $11.48M | $12.72M | $9.44M | $8.98M |
| Goodwill | — | — | — | — | — | — | — | — | — |
| Intangibles | — | — | $346.0K | $1.84M | $1.63M | $1.43M | $1.22M | $1.02M | — |
| Total Assets | $9.43M | $27.43M | $40.52M | $99.20M | $68.75M | $56.96M | $30.06M | $35.38M | $32.89M |
| LiabilitiesTotal Current Liabilities | $5.40M | $4.87M | $3.80M | $10.71M | $19.78M | $11.57M | $5.00M | $6.51M | $6.91M |
| Short-Term Debt | — | — | — | — | — | — | — | — | — |
| Long-Term Debt | — | — | $4.47M | $200.0K | $200.0K | $17.50M | — | — | — |
| Long-Term Leases | — | $131.6K | $1.79M | $2.08M | $2.32M | $1.90M | $1.49M | $1.02M | $977.0K |
| Total Liabilities | $5.40M | $9.34M | $10.06M | $20.99M | $26.72M | $29.77M | $15.72M | $29.18M | $30.05M |
| EquityCommon Stock & APIC | $871 | $1.6K | $2.0K | $3.0K | $3.0K | $5.0K | $8.0K | $1.0K | — |
| Retained Earnings | -$37.64M | -$57.59M | -$80.46M | -$123.64M | -$179.46M | -$239.70M | -$286.32M | -$319.57M | -$327.51M |
| Total Equity | $4.02M | $18.09M | $30.46M | $72.70M | $37.91M | $25.05M | $13.58M | $6.13M | $2.00M |
| HighlightsNet Cash / (Debt) | — | — | — | — | — | — | — | — | — |
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | $1.34M | -$15.25M | -$19.64M | -$23.13M | -$33.01M | -$56.01M | -$38.22M | -$18.14M | -$18.56M |
| Cash from Investing | -$1.79M | $4.42M | -$890.0K | -$1.45M | -$20.59M | -$12.23M | $14.90M | -$3.67M | -$3.79M |
| Cash from Financing | $1.07M | $34.93M | $30.33M | $79.45M | $2.70M | $43.17M | $16.65M | $29.09M | $28.08M |
| SummaryCapital Expenditure | -$56.5K | -$43.6K | -$890.0K | -$1.38M | -$3.88M | -$5.75M | -$5.88M | -$1.02M | -$1.03M |
| Free Cash Flow | $1.28M | -$15.29M | -$20.53M | -$24.51M | -$36.89M | -$61.76M | -$44.10M | -$19.17M | -$19.60M |
| FCF Margin | 16.6% | -1100.2% | -2351.5% | — | — | -5328.6% | -1190.3% | -249.6% | -255.0% |