| Metric | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Trend |
|---|---|---|---|---|---|---|---|---|---|
| EarningsRevenue | $15.79M | $11.47M | $5.88M | $18.39M | $16.50M +4.5% | $5.22M -54.5% | $11.22M +90.9% | $4.74M -74.2% | Weakening |
| Operating Profit | -$9.69M | -$14.57M | -$9.27M | -$7.06M | -$6.99M +27.8% | -$9.76M +33.0% | -$4.68M +49.5% | -$7.95M -12.5% | Strengthening |
| Net Profit | -$10.51M | -$18.98M | -$10.16M | -$7.49M | $2.12M | -$9.79M +48.4% | -$4.92M +51.6% | -$6.89M +7.9% | Strengthening |
| EPS | $-1.32 | — | $-1.26 | $-0.90 | $0.22 | — | $-0.43 +65.9% | $-0.55 +38.9% | Strengthening |
| Other Income | — | — | — | — | — | — | — | — | — |
| Interest | — | — | — | — | — | — | — | — | — |
| Depreciation | — | — | — | — | — | — | — | — | — |
| Profit before Tax | -$10.51M | -$18.96M | -$10.17M | -$7.47M | $2.12M | -$9.77M +48.5% | -$4.95M +51.4% | -$6.87M +8.1% | Strengthening |
| MarginsOPM | -61.4% | -127.0% | -157.7% | -38.4% | -42.4% +30.9% | -186.9% -47.2% | -41.7% +73.6% | -167.7% -336.6% | Weakening |
| Tax | -0.0% | -0.1% | -0.1% | -0.2% | -0.1% -125.0% | 0.0% +100.0% | -0.1% +16.7% | -0.4% -129.4% | Weakening |
| ReturnsROIC | 4.4% | 7.9% | 4.2% | 3.1% | -0.9% -120.2% | 4.1% -48.4% | 2.0% -51.6% | 2.9% -7.9% | Weakening |
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | TTM |
|---|---|---|---|---|---|---|---|
| AssetsCash & Equivalents | $10.36M | $16.14M | $35.63M | $11.64M | $11.00M | $14.04M | $13.23M |
| Short-Term Investments | — | — | — | — | — | — | — |
| Total Current Assets | $12.69M | $165.96M | $163.20M | $71.69M | $82.30M | $49.88M | $44.97M |
| Net PP&E | $1.08M | $7.43M | $25.14M | $19.65M | $9.30M | $5.85M | $5.30M |
| Goodwill | — | — | — | — | — | — | — |
| Intangibles | — | — | — | — | — | — | — |
| Total Assets | $13.77M | $228.71M | $189.94M | $93.68M | $98.33M | $60.36M | $54.45M |
| LiabilitiesTotal Current Liabilities | $32.94M | $15.98M | $45.77M | $19.57M | $46.67M | $22.98M | $22.48M |
| Short-Term Debt | — | $0 | $2.06M | $1.00M | $1.28M | $958.0K | $670.0K |
| Long-Term Debt | — | — | — | — | — | — | — |
| Long-Term Leases | — | $0 | $5.17M | $3.51M | $16.66M | $262.0K | $629.0K |
| Total Liabilities | $33.11M | $54.31M | $77.86M | $48.49M | $64.72M | $36.40M | $31.59M |
| EquityCommon Stock & APIC | $7.0K | $16.0K | $1.0K | $1.0K | $1.0K | $1.0K | $2.0K |
| Retained Earnings | -$27.49M | -$4.09M | -$77.42M | -$153.26M | -$203.42M | -$228.07M | -$239.88M |
| Total Equity | -$27.20M | $174.39M | $112.08M | $45.20M | $34.12M | $23.96M | $22.86M |
| HighlightsNet Cash / (Debt) | — | — | — | — | — | — | — |
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | TTM |
|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | -$12.34M | -$88.89M | -$127.96M | -$39.29M | -$48.80M | $5.40M | $1.24M |
| Cash from Investing | -$407.0K | -$155.14M | $82.71M | $50.63M | $51.18M | $61.0K | $373.0K |
| Cash from Financing | $23.09M | $252.85M | $64.75M | -$38.38M | -$3.02M | -$2.38M | $2.88M |
| SummaryCapital Expenditure | -$407.0K | -$4.92M | -$14.11M | -$1.39M | -$304.0K | $0 | -$38.0K |
| Free Cash Flow | -$12.74M | -$93.81M | -$142.07M | -$40.67M | -$49.10M | $5.40M | $1.20M |
| FCF Margin | -482.6% | -1858.4% | -390.6% | -91.3% | -87.7% | 11.7% | 3.2% |