STATEMENT·Income statement
USD · GAAP
| METRIC | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TREND |
|---|---|---|---|---|---|---|
| Sales, Adj. | $37.9M | $50.4M | $53.7M | $57.7M | $70.6M | |
| YoY % | — | +33.0% | +6.5% | +7.6% | +22.3% | |
| P / Sales | 12.2x | 2.7x | 3.7x | 6.9x | 9.3x | |
| EV / Sales | 11.8x | 3.5x | 5.1x | 8.5x | 10.6x | |
| Gross Profit, Adj. | $34.1M | $46.1M | $48.6M | $51.8M | $63.7M | |
| YoY % | — | +35.1% | +5.4% | +6.5% | +23.0% | |
| Margin % | 90.1% | 91.5% | 90.5% | 89.7% | 90.2% | |
| EV / Gross Profit | 13.1x | 3.8x | 5.6x | 9.5x | 11.8x | |
| EBITDA, Adj. | $-20.3M | $-26.8M | $-32.1M | $-28.2M | $-29.8M | |
| YoY % | — | -32.0% | -19.9% | +12.0% | -5.4% | |
| Margin % | -53.5% | -53.1% | -59.8% | -48.9% | -42.2% | |
| EV / EBITDA | -22.0x | -6.6x | -8.5x | -17.4x | -25.2x | |
| EBIT | $-21.8M | $-28.9M | $-35.1M | $-31.6M | $-33.1M | |
| YoY % | — | -32.6% | -21.8% | +10.1% | -4.9% | |
| Margin % | -57.5% | -57.3% | -65.5% | -54.7% | -47.0% | |
| EV / EBIT | -20.5x | -6.1x | -7.8x | -15.5x | -22.7x | |
| Net Income | $-23.4M | $-27.4M | $-36.9M | $-33.6M | $-34.7M | |
| YoY % | — | -17.1% | -34.6% | +8.8% | -3.3% | |
| Net Margin | -61.8% | -54.4% | -68.7% | -58.3% | -49.2% | |
| EPS (GAAP) | -$1.06 | -$0.84 | -$1.03 | -$0.86 | -$0.82 | |
| YoY % | — | +20.8% | -22.6% | +16.5% | +4.7% |