STATEMENT·Income statement
USD · GAAP
| METRIC | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TREND |
|---|---|---|---|---|---|---|
| Sales, Adj. | $115.9M | $142.1M | $170.5M | $204.3M | $239.0M | |
| YoY % | — | +22.7% | +19.9% | +19.9% | +17.0% | |
| P / Sales | 2.7x | 2.0x | 4.6x | 5.6x | 2.4x | |
| EV / Sales | 2.2x | 2.5x | 5.0x | 5.9x | 2.7x | |
| Gross Profit, Adj. | $66.5M | $88.8M | $116.1M | $145.9M | $172.3M | |
| YoY % | — | +33.6% | +30.7% | +25.7% | +18.1% | |
| Margin % | 57.4% | 62.5% | 68.1% | 71.4% | 72.1% | |
| EV / Gross Profit | 3.8x | 4.0x | 7.3x | 8.3x | 3.8x | |
| EBITDA, Adj. | $-28.8M | $-25.6M | $-10.2M | $-6.5M | $-3.3M | |
| YoY % | — | +11.2% | +60.2% | +36.5% | +48.8% | |
| Margin % | -24.9% | -18.0% | -6.0% | -3.2% | -1.4% | |
| EV / EBITDA | -8.8x | -13.7x | -83.6x | -187.0x | -195.8x | |
| EBIT | $-50.4M | $-49.7M | $-34.4M | $-31.4M | $-30.6M | |
| YoY % | — | +1.4% | +30.9% | +8.6% | +2.6% | |
| Margin % | -43.5% | -35.0% | -20.2% | -15.4% | -12.8% | |
| EV / EBIT | -5.0x | -7.1x | -24.8x | -38.6x | -21.2x | |
| Net Income | $-53.7M | $-49.7M | $-31.0M | $-28.3M | $-28.1M | |
| YoY % | — | +7.3% | +37.6% | +8.7% | +1.0% | |
| Net Margin | -46.3% | -35.0% | -18.2% | -13.9% | -11.7% | |
| EPS (GAAP) | -$2.60 | -$0.76 | -$0.46 | -$0.40 | -$0.37 | |
| YoY % | — | +70.8% | +39.5% | +13.0% | +7.5% |