| Metric | FY2025 | FY2024 |
|---|---|---|
| Revenue | $20.8M | — |
| Cost of sales | $24.6M | — |
| Gross loss | -$3.8M | — |
| Operating expenses | $7.0M+134.6% | $3.0M |
| General and administrative expenses | $22.4M+23.1% | $18.2M |
| Severance expense | $19.2M | — |
| Professional fees | $15.6M | — |
| Total operating expenses | $64.1M+202.8% | $21.2M |
| Loss from operations | -$67.9M-220.6% | -$21.2M |
| Change in the fair value of note payable | $4.6M | — |
| Change in the fair value of loans payable related party | -$515K | — |
| Change in fair value of warrants | $209.9M | — |
| Loss on issuance of debt | -$138K | — |
| Loss on issuance of debt to related party | -$40.5M | — |
| ELOC commitment fees | -$7.4M | — |
| Unrealized loss on derivative asset | -$16.2M | — |
| Realized gain on derivative asset | $1.3M | — |
| Interest expense, net | -$9.2M-212.4% | -$2.9M |
| Other income (expense), net | -$14K | — |
| Total other income (expense) | $141.9M+4941.3% | -$2.9M |
| Net income (loss) | $74.0M+407.0% | -$24.1M |
| Income (loss) per common share, basic | $0.52 | — |
| Income (loss) per common share, diluted | $0.52 | — |
| Weighted average number of common shares outstanding, basic | 142.3M | — |
| Weighted average number of common shares outstanding, diluted | 142.3M | — |
Source: SEC EDGAR XBRL. % change vs prior period shown where available.
Source: SEC EDGAR 10-K and 10-Q filings. Up to 10 years annual / 16 quarters shown.