| Market Cap | $7.5M | |
| Enterprise Value | — | |
| Revenue | $7.5M | −21.8% |
| Gross Profit | $2.6M | −44.0% |
| EBITDA | -$9.5M | — |
| Net Income | -$10.4M | — |
| Diluted EPS | -$3.27 | — |
| Free Cash Flow | -$9.2M | — |
| Ratio | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend · 6y | vs own | vs sector |
|---|---|---|---|---|---|---|---|---|---|
| ▾Margins | |||||||||
| Gross Margin | 36.56% | 98.29% | 58.72% | 41.13% | 49.33% | 35.30% | 8% | 63% | |
| Operating Margin | −156.24% | −164.85% | 29.65% | −64.80% | −190.67% | −142.45% | 58% | 12% | |
| EBITDA Margin | −149.89% | −162.09% | 39.72% | −44.60% | −173.91% | −126.61% | 58% | 11% | |
| NOPAT Margin | −123.43% | −130.23% | 22.57% | −51.20% | −150.63% | −112.54% | 58% | 6% | |
| Net Margin | −140.14% | −159.09% | 23.66% | −48.79% | −159.68% | −138.14% | 58% | 10% | |
| FCF Margin | — | −163.71% | 33.80% | −46.26% | −164.07% | −122.42% | 50% | 8% | |
| FCFF Margin | — | — | 34.54% | — | — | — | — | — | — |
| OCF Margin | −113.06% | −163.14% | 35.88% | −36.15% | −151.96% | −113.00% | 58% | 10% | |
| Gross Profitability | 3.61% | 6.45% | 30.73% | 12.37% | 13.48% | 12.35% | 42% | 34% | |
| Capex Intensity | — | 0.57% | 2.09% | 10.11% | 12.11% | 9.42% | 50% | 67% | |
| ▸Returns on Capital · 3 ratios | |||||||||
| ▸DuPont factors (ROE drivers) · 4 ratios | |||||||||
| ▸Earnings quality · 6 ratios | |||||||||
| ▸Liquidity & coverage · 6 ratios | |||||||||
| ▸Leverage · 2 ratios | |||||||||
| ▸Working capital · 8 ratios | |||||||||
| ▸Capital allocation · 1 ratios | |||||||||
| ▸Per share · 3 ratios | |||||||||
| ▸Other · 1 ratios | |||||||||
The five drivers multiply to 7.5% vs reported ROE 15.1%. High ROE from margin and turnover is earned; from the equity multiplier it is borrowed.
| Line | 2020↗ | 2021↗ | 2022↗ | 2023↗ | 2024↗ | 2025↗ |
|---|---|---|---|---|---|---|
| Revenue | $3.7M | $5.3M | $14.6M | $7.1M | $9.6M | $7.5M |
| YoY % | +44.0% | +177.0% | -51.0% | +34.2% | -21.8% | |
| Cost of Revenue | $2.3M | $90,000 | $6.0M | $4.2M | $4.9M | $4.9M |
| YoY % | -96.1% | +6584.4% | -30.1% | +15.5% | -0.1% | |
| Gross Profit | — | — | $8.6M | $2.9M | $4.7M | $2.6M |
| YoY % | -65.7% | +61.0% | -44.0% | |||
| R&D Expense | $1.5M | $6.6M | $1.4M | $2.0M | $8.3M | $3.0M |
| YoY % | +336.5% | -79.1% | +48.8% | +307.1% | -64.5% | |
| Selling & Marketing Expense | — | — | $23,000 | $30,000 | — | — |
| YoY % | +30.4% | |||||
| SG&A Expense | — | — | $2.9M | $5.5M | $10.4M | $10.1M |
| YoY % | +92.9% | +89.0% | -3.7% | |||
| Total Operating Expenses | $9.4M | $13.9M | $4.2M | $7.6M | $23.0M | $13.3M |
| YoY % | +48.9% | -69.6% | +78.6% | +204.1% | -42.1% | |
| Operating Income | -$5.7M | -$8.7M | $4.3M | -$4.6M | -$18.3M | -$10.7M |
| Interest Expense | — | — | $143,000 | $136,000 | $129,000 | $168,000 |
| YoY % | -4.9% | -5.1% | +30.2% | |||
| Interest & Investment Income | — | — | $145,000 | $59,000 | $441,000 | $283,000 |
| YoY % | -59.3% | +647.5% | -35.8% | |||
| Pretax Income | -$4.7M | -$8.5M | $4.5M | -$4.4M | -$15.2M | -$10.3M |
| Income Tax | $395,000 | -$109,000 | $1.1M | -$885,000 | $84,000 | $10,000 |
| YoY % | -88.1% | |||||
| Net Income (incl. NCI) | -$5.1M | -$8.4M | $3.4M | -$3.5M | -$15.3M | -$10.4M |
| EPS (Basic) | -$3.11 | -$1.82 | $1.87 | -$1.89 | -$5.93 | -$3.27 |
| EPS (Diluted) | -$3.11 | -$1.82 | $1.86 | -$1.89 | -$5.93 | -$3.27 |
| Weighted Avg Shares (Basic) | 1.6M | 4.6M | 1.8M | 1.8M | 2.6M | 3.2M |
| YoY % | +179.7% | -60.0% | +0.4% | +39.7% | +22.6% | |
| Weighted Avg Shares (Diluted) | 41.1M | 4.6M | 1.9M | 1.8M | 2.6M | 3.2M |
| YoY % | -88.8% | -59.7% | -0.4% | +39.7% | +22.6% |
The sector classification is SIC-derived, not official GICS. Statement lines are XBRL facts as filed with the company's home regulator (SEC EDGAR for US filers; ESEF/EDINET and other national regulators for foreign filers); ratios and other derived figures are computed from them. A blank cell means the tag was absent — never imputed.
