Financials
Cash flow
| Fiscal date | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Operating activities | -132.1M | -5.6M | -12.1M | -9.7M |
| Net income | -115.7M | -7.8M | -11.2M | -3.5M |
| Depreciation | 1.8M | 0 | 0 | 15.7K |
| Deferred taxes | -26.3M | 0 | 0 | — |
| StockBased compensation | — | 0 | 0 | 334.6K |
| Other non cash items | -84.5K | 338.2K | — | — |
| Accounts receivable | -734.1K | 279.4K | -6.9M | 0 |
| Accounts payable | 356.3K | 141.8K | 608.9K | 126.9K |
| Other assets liabilities | 8.5M | 1.5M | 5.4M | -6.7M |
| Investing activities | -90.5M | -46.7M | 15.8M | -17.1M |
| Capital expenditures | -131.9K | 0 | 0 | -4.2K |
| Net intangibles | — | — | — | — |
| Net acquisitions | -80.1M | -48.0M | 0 | — |
| Purchase of investments | — | — | — | 0 |
| Sale of investments | — | — | — | — |
| Other investing activity | -10.3M | 1.3M | 15.8M | -17.1M |
| Financing activities | 167.3M | 105.9M | -47.0M | -765.5K |
| Long term debt issuance | — | — | — | — |
| Long term debt payments | 0 | -6.6M | -23.5M | -8.5M |
| Short term debt issuance | 0 | -6.6M | -23.5M | -8.5M |
| Common stock issuance | 167.3M | 119.0M | 0 | 8.6M |
| Common stock repurchase | — | — | — | 0 |
| Common dividends | — | — | — | — |
| Other financing charges | — | — | — | 7.8M |
| End cash position | 150.5M | 73.6M | 7.9M | 18.7M |
| Income tax paid | 2.5K | 21.3K | 15.0K | 79.3K |
| Interest paid | 0 | 95.3K | 287.5K | 578.3K |
| Free cash flow | 873.5K | 1.2M | -2.8M | -7.4M |