STATEMENT·Income statement
USD · GAAP
| METRIC | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TREND |
|---|---|---|---|---|---|---|
| Sales, Adj. | $246.6M | $185.5M | $142.9M | $116.1M | $120.9M | |
| YoY % | — | -24.8% | -23.0% | -18.8% | +4.1% | |
| P / Sales | 4.1x | 0.7x | 0.6x | 1.0x | 1.6x | |
| EV / Sales | 5.9x | 2.5x | 2.4x | 3.0x | 3.5x | |
| Gross Profit, Adj. | $129.8M | $102.6M | $88.2M | $74.4M | $85.9M | |
| YoY % | — | -21.0% | -14.1% | -15.7% | +15.5% | |
| Margin % | 52.7% | 55.3% | 61.7% | 64.0% | 71.0% | |
| EV / Gross Profit | 11.2x | 4.4x | 3.9x | 4.7x | 4.9x | |
| EBITDA, Adj. | $-60.6M | $-34.7M | $-28.3M | $-17.8M | $-2.9M | |
| YoY % | — | +42.7% | +18.6% | +37.2% | +83.6% | |
| Margin % | -24.6% | -18.7% | -19.8% | -15.3% | -2.4% | |
| EV / EBITDA | -24.1x | -13.1x | -12.2x | -19.7x | -146.4x | |
| EBIT | $-68.9M | $-301.8M | $-190.4M | $-50.8M | $-8.0M | |
| YoY % | — | -338.3% | +36.9% | +73.3% | +84.2% | |
| Margin % | -27.9% | -162.7% | -133.2% | -43.8% | -6.6% | |
| EV / EBIT | -21.2x | -1.5x | -1.8x | -6.9x | -52.9x | |
| Net Income | $-77.7M | $-277.7M | $-180.4M | $-79.4M | $-12.7M | |
| YoY % | — | -257.5% | +35.0% | +56.0% | +84.0% | |
| Net Margin | -31.5% | -149.7% | -126.2% | -68.4% | -10.5% | |
| EPS (GAAP) | -$2.04 | -$5.86 | -$2.53 | -$1.04 | -$0.13 | |
| YoY % | — | -187.3% | +56.8% | +58.9% | +87.5% |