STATEMENT·Income statement
USD · GAAP
| METRIC | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TREND |
|---|---|---|---|---|---|---|
| Sales, Adj. | $277.5M | $297.8M | $254.1M | $189.8M | $152.5M | |
| YoY % | — | +7.3% | -14.7% | -25.3% | -19.7% | |
| P / Sales | 3.8x | 1.1x | 0.8x | 0.3x | 0.2x | |
| EV / Sales | 3.1x | 1.0x | 0.8x | 0.4x | 0.5x | |
| Gross Profit, Adj. | $146.7M | $129.6M | $104.2M | $81.1M | $62.6M | |
| YoY % | — | -11.6% | -19.6% | -22.2% | -22.8% | |
| Margin % | 52.9% | 43.5% | 41.0% | 42.7% | 41.0% | |
| EV / Gross Profit | 5.8x | 2.4x | 1.9x | 0.9x | 1.3x | |
| EBITDA, Adj. | $-23.2M | $-81.5M | $-97.8M | $-81.6M | $-67.2M | |
| YoY % | — | -251.1% | -20.0% | +16.7% | +17.7% | |
| Margin % | -8.4% | -27.4% | -38.5% | -43.0% | -44.0% | |
| EV / EBITDA | -36.5x | -3.8x | -2.0x | -0.9x | -1.2x | |
| EBIT | $-32.9M | $-100.3M | $-153.0M | $-97.6M | $-80.0M | |
| YoY % | — | -205.0% | -52.6% | +36.2% | +18.0% | |
| Margin % | -11.8% | -33.7% | -60.2% | -51.4% | -52.4% | |
| EV / EBIT | -25.8x | -3.1x | -1.3x | -0.8x | -1.0x | |
| Net Income | $-45.4M | $-101.4M | $-152.5M | $-93.3M | $-77.3M | |
| YoY % | — | -123.4% | -50.4% | +38.8% | +17.2% | |
| Net Margin | -16.4% | -34.0% | -60.0% | -49.2% | -50.7% | |
| EPS (GAAP) | -$13.00 | -$13.60 | -$20.10 | -$11.87 | -$9.47 | |
| YoY % | — | -4.6% | -47.8% | +40.9% | +20.2% |