STATEMENT·Income statement
USD · GAAP
| METRIC | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TREND |
|---|---|---|---|---|---|---|
| Sales, Adj. | $137.7M | $193.2M | $218.0M | $249.9M | $282.6M | |
| YoY % | — | +40.4% | +12.8% | +14.6% | +13.1% | |
| P / Sales | 6.9x | 2.5x | 1.9x | 4.6x | 2.2x | |
| EV / Sales | 7.0x | 3.3x | 2.6x | 5.2x | 2.8x | |
| Gross Profit, Adj. | $105.9M | $140.0M | $170.9M | $195.1M | $224.8M | |
| YoY % | — | +32.1% | +22.1% | +14.1% | +15.2% | |
| Margin % | 76.9% | 72.4% | 78.4% | 78.1% | 79.5% | |
| EV / Gross Profit | 9.1x | 4.5x | 3.3x | 6.6x | 3.6x | |
| EBITDA, Adj. | $-62.9M | $-77.3M | $-18.5M | $864,000 | $-14.6M | |
| YoY % | — | -22.8% | +76.0% | +104.7% | -1786.9% | |
| Margin % | -45.7% | -40.0% | -8.5% | 0.3% | -5.2% | |
| EV / EBITDA | -15.3x | -8.2x | -30.2x | 1501.0x | -54.9x | |
| EBIT | $-66.1M | $-87.9M | $-28.8M | $-9.7M | $-23.6M | |
| YoY % | — | -32.9% | +67.2% | +66.5% | -143.8% | |
| Margin % | -48.0% | -45.5% | -13.2% | -3.9% | -8.3% | |
| EV / EBIT | -14.6x | -7.2x | -19.5x | -134.2x | -34.0x | |
| Net Income | $-69.0M | $-83.7M | $-29.4M | $-11.5M | $-32.9M | |
| YoY % | — | -21.3% | +64.9% | +61.0% | -187.5% | |
| Net Margin | -50.1% | -43.3% | -13.5% | -4.6% | -11.7% | |
| EPS (GAAP) | -$1.30 | -$1.10 | -$0.38 | -$0.14 | -$0.39 | |
| YoY % | — | +15.4% | +65.5% | +63.2% | -178.6% |