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On February 24, 2026, we entered into a Purchase Agreement with certain Investors, pursuant to which we issued and sold, in a registered direct offering (the Offering ), an aggregate of 5,000,000 shares of common stock, for gross proceeds of $15.0 million, before deducting placement agent fees and offering expenses. The Shares were offered by us pursuant to our effective shelf registration stat…
The business is unprofitable at the operating level (-4.35% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue up 91.7% YoY with margins expanding 91.9pp.
Insufficient data to identify specific risks. Treat any missing metrics as a data gap, not a clean bill of health.
Profitability & Returns
Revenue (TTM)
$110M
▲ +91.7% YoY
Net Income (TTM)
$3M
▲ +97.0% YoY
Op. Margin
-2.67%
▲ +91.9pp YoY
ROIC
-3.25%
▲ +46.9pp YoY
Cash Flow & Balance Sheet
FCF (FY)
$10M
▲ +170.8% YoY
Op. Cash Flow (TTM)
$2M
▲ +183.4% YoY
Net Debt
-$9M
Net Cash Position
Cash & Equiv.
$12M
3Y CAGR: +8.4%
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