STATEMENT·Income statement
USD · GAAP
| METRIC | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TREND |
|---|---|---|---|---|---|---|
| Sales, Adj. | $221.2M | $221.2M | $142.6M | $99.0M | $69.0M | |
| YoY % | — | — | -35.5% | -30.5% | -30.4% | |
| P / Sales | 1.2x | 0.2x | 0.2x | 0.2x | 0.1x | |
| EV / Sales | 1.3x | 0.3x | 0.2x | 0.2x | 0.2x | |
| Gross Profit, Adj. | $105.5M | $105.5M | $70.3M | $61.5M | $39.1M | |
| YoY % | — | — | -33.4% | -12.5% | -36.3% | |
| Margin % | 47.7% | 47.7% | 49.3% | 62.1% | 56.8% | |
| EV / Gross Profit | 2.7x | 0.6x | 0.5x | 0.3x | 0.4x | |
| EBITDA, Adj. | $-52.4M | $-52.4M | $-32.6M | $-10.1M | $-12.5M | |
| YoY % | — | — | +37.8% | +68.9% | -23.7% | |
| Margin % | -23.7% | -23.7% | -22.8% | -10.2% | -18.2% | |
| EV / EBITDA | -5.4x | -1.1x | -1.0x | -1.8x | -1.2x | |
| EBIT | $-178.2M | $-178.2M | $-76.2M | $-11.8M | $-18.0M | |
| YoY % | — | — | +57.2% | +84.5% | -52.0% | |
| Margin % | -80.6% | -80.6% | -53.4% | -11.9% | -26.1% | |
| EV / EBIT | -1.6x | -0.3x | -0.4x | -1.6x | -0.8x | |
| Net Income | $-196.3M | $-196.3M | $-74.6M | $-11.9M | $-19.0M | |
| YoY % | — | — | +62.0% | +84.1% | -60.0% | |
| Net Margin | -88.8% | -88.8% | -52.3% | -12.0% | -27.5% | |
| EPS (GAAP) | -$35.40 | -$35.40 | -$11.43 | -$1.68 | -$2.39 | |
| YoY % | — | — | +67.7% | +85.3% | -42.3% |