| CAD millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 86.8 | 79.2 | 145.8 | 149.2 | 159.8 | 186.1 | +16.4% | |
| Cost of revenue | 143.3 | 107.6 | 114.2 | 114.1 | 112.3 | 179.3 | +59.6% | |
| Gross profit | (56.5) | (28.4) | 31.6 | 35.1 | 47.5 | 6.8 | −85.6% | |
| Research & development | 1.3 | 3.5 | 6.0 | 12.2 | 11.2 | 10.9 | −2.3% | |
| Selling, general & administrative | 46.5 | 46.5 | 59.2 | 71.7 | 68.1 | 86.9 | +27.5% | |
| Selling & marketing | 16.5 | 15.8 | 16.9 | 17.9 | 19.9 | 31.1 | +56.7% | |
| Operating expenses | 89.0 | 63.4 | 74.7 | 271.5 | 83.2 | 70.2 | −15.6% | |
| Operating income | (145.5) | (91.8) | (43.2) | (242.7) | (35.7) | (63.4) | −77.7% | |
| Interest expense | 6.0 | 3.0 | 0.4 | 0.3 | 0.0 | 0.0 | — | |
| Interest income | 0.0 | 0.0 | 0.0 | 3.7 | 0.0 | 0.8 | — | |
| Other income / expense | (1.1) | (38.9) | 28.8 | (184.2) | (9.8) | 35.7 | +465.9% | |
| Pre-tax income | (146.6) | (130.7) | (14.4) | (233.0) | (45.4) | (27.7) | +39.1% | |
| Income tax | (10.5) | 0.0 | (0.1) | (3.5) | 0.0 | (9.9) | — | |
| Net income | (136.2) | (130.7) | (14.3) | (229.5) | (45.4) | (17.8) | +60.9% | |
| 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) | (3.15) | (2.04) | (0.18) | (2.82) | (0.48) | (0.14) | +70.8% | |
| EPS, diluted (per share) | (3.15) | (2.04) | (0.18) | (2.82) | (0.48) | (0.14) | +70.8% | |
| EBITDA | (122.7) | (96.7) | 11.0 | (25.4) | (23.6) | (14.8) | +37.4% | |
| Depreciation & amortization | 18.0 | 31.0 | 24.9 | 23.4 | 12.1 | 12.9 | +6.8% | |
| Weighted average shares (shares) | 43,167,000 | 64,030,000 | 80,013,500 | 81,293,000 | 95,294,000 | 127,674,167 | +34.0% | |
| Weighted average diluted shares (shares) | 43,167,000 | 64,030,000 | 85,304,000 | 81,293,000 | 95,294,000 | 127,674,167 | +34.0% | |
| Gross margin | −65.1% | −35.9% | 21.7% | 23.5% | 29.7% | 3.7% | −26.1 pts | |
| Operating margin | −167.6% | −116.0% | −29.6% | −162.7% | −22.3% | −34.1% | −11.8 pts | |
| Net margin | −156.9% | −165.1% | −9.8% | −153.8% | −28.4% | −9.6% | +18.9 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
Statements are reported in CAD; the shares trade in USD.
