STATEMENT·Income statement
USD · GAAP
| METRIC | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TREND |
|---|---|---|---|---|---|
| Sales, Adj. | $321.5M | $259.3M | $203.4M | $173.7M | |
| YoY % | — | -19.4% | -21.5% | -14.6% | |
| P / Sales | 0.1x | 0.3x | 0.3x | 0.2x | |
| EV / Sales | 0.3x | 0.4x | 0.4x | 0.5x | |
| Gross Profit, Adj. | $154.7M | $137.4M | $109.3M | $93.3M | |
| YoY % | — | -11.2% | -20.4% | -14.7% | |
| Margin % | 48.1% | 53.0% | 53.8% | 53.7% | |
| EV / Gross Profit | 0.7x | 0.8x | 0.7x | 0.9x | |
| EBITDA, Adj. | $-135.3M | $-29.4M | $-12.7M | $-9.6M | |
| YoY % | — | +78.2% | +56.8% | +24.3% | |
| Margin % | -42.1% | -11.4% | -6.3% | -5.5% | |
| EV / EBITDA | -0.8x | -3.8x | -6.3x | -8.3x | |
| EBIT | $-141.0M | $-35.3M | $-22.5M | $-11.3M | |
| YoY % | — | +75.0% | +36.1% | +49.8% | |
| Margin % | -43.8% | -13.6% | -11.1% | -6.5% | |
| EV / EBIT | -0.7x | -3.2x | -3.6x | -7.0x | |
| Net Income | $-87.7M | $-44.4M | $-28.3M | $-13.2M | |
| YoY % | — | +49.4% | +36.4% | +53.3% | |
| Net Margin | -27.3% | -17.1% | -13.9% | -7.6% | |
| EPS (GAAP) | -$4.85 | -$1.28 | -$0.76 | -$0.34 | |
| YoY % | — | +73.6% | +40.6% | +55.3% |