| USD millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1.7 | 3.2 | 12.5 | 37.9 | 78.1 | 65.9 | −15.6% | |
| Cost of revenue | 1.6 | 1.8 | 7.8 | 18.2 | 55.9 | 60.8 | +8.8% | |
| Gross profit | 0.0 | 1.4 | 4.7 | 19.7 | 22.2 | 5.1 | −77.0% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 14.4 | 15.3 | 25.5 | 27.9 | 50.8 | 106.3 | +109.2% | |
| Selling & marketing | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Operating expenses | 24.6 | 36.8 | 49.6 | 52.1 | 69.7 | 106.3 | +52.4% | |
| Operating income | (24.6) | (35.4) | (44.9) | (32.4) | (47.5) | (101.2) | −112.9% | |
| Interest expense | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Interest income | 0.0 | 0.0 | 0.0 | 5.7 | 5.9 | 2.0 | −65.7% | |
| Other income / expense | (3.2) | 46.6 | (15.0) | 132.4 | (0.7) | 14.1 | +2115.0% | |
| Pre-tax income | (27.9) | 1.4 | (59.9) | 100.0 | (48.2) | (87.1) | −80.6% | |
| Income tax | (0.1) | 0.0 | (0.1) | 0.3 | 0.4 | (1.0) | −363.2% | |
| Net income | (27.8) | 1.5 | (59.8) | 99.9 | (47.8) | (85.6) | −79.3% | |
| Discontinued operations | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Other net income adjustments | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| EPS, basic (per share) | (0.23) | 0.01 | (0.38) | 0.62 | (0.28) | (0.38) | −35.7% | |
| EPS, diluted (per share) | (0.23) | 0.01 | (0.38) | 0.62 | (0.28) | (0.38) | −35.7% | |
| EBITDA | (20.0) | (31.0) | (40.1) | (28.4) | (32.0) | (92.5) | −189.3% | |
| Depreciation & amortization | 4.6 | 4.5 | 4.8 | 3.9 | 5.2 | 8.7 | +66.6% | |
| Weighted average shares (shares) | 120,765,742 | 154,115,411 | 157,343,337 | 161,067,741 | 170,589,285 | 224,724,000 | +31.7% | |
| Weighted average diluted shares (shares) | 121,168,136 | 149,721,117 | 157,343,250 | 160,154,040 | 171,964,321 | 224,724,000 | +30.7% | |
| Gross margin | 0.8% | 43.0% | 37.3% | 52.1% | 28.4% | 7.7% | −20.7 pts | |
| Operating margin | −1,485.3% | −1,112.6% | −359.1% | −85.3% | −60.8% | −153.4% | −92.6 pts | |
| Net margin | −1,675.3% | 48.4% | −478.2% | 263.3% | −61.1% | −129.9% | −68.8 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
Statements are reported in USD; the shares trade in CAD.
