-
Revenue
-
Net Income
-
Gross Margin
-
Op. Margin
-
Free Cash Flow
| Breakdown | TTM (Sep 30, 2025) |
FY 2024 (Mar 31, 2025) |
FY 2023 (Mar 31, 2024) |
FY 2022 (Mar 31, 2023) |
FY 2021 (Mar 31, 2022) |
FY 2020 (Mar 31, 2021) |
|---|---|---|---|---|---|---|
| Total Revenue | - | $6.03M | $4.19M | $1.92M | $1.08M | $921.00K |
| Revenue Growth % | nan% | 43.9% | 118.4% | 77.0% | 17.7% | nan% |
| Cost of Revenue | - | - | - | - | $5.00K | $1.61M |
| Gross Profit | - | - | - | $1.92M | $1.08M | $-685.00K |
| Gross Margin % | nan% | nan% | nan% | 100.0% | 99.5% | -74.4% |
| Operating Expenses | - | $58.84M | $56.66M | $56.77M | $49.03M | $51.81M |
| Research & Development | - | $5.74M | $5.70M | $4.44M | $3.59M | $4.34M |
| Operating Income | - | $-11.71M | $-10.12M | $-16.46M | $-36.85M | $-54.81M |
| Operating Margin % | nan% | -194.2% | -241.5% | -857.8% | -3399.3% | -5951.0% |
| Other Income/Expense | - | $75.00K | $233.00K | $266.00K | $256.00K | $414.00K |
| Income Before Tax | - | $-9.48M | $-7.51M | $-15.05M | $-36.54M | $-54.31M |
| Income Tax Expense | - | $1.89M | $1.61M | $1.26M | $983.00K | $124.00K |
| Net Income | - | $-11.37M | $-9.13M | $-16.32M | $-37.52M | $-54.43M |
| Net Margin % | nan% | -188.6% | -217.8% | -850.3% | -3461.2% | -5910.3% |
| Basic EPS | nan | -0.61 | -0.49 | -0.87 | -2.07 | -3.13 |
| Diluted EPS | nan | -0.61 | -0.49 | -0.87 | -2.07 | -3.13 |
| Basic Shares Outstanding | 18.7M | 18.6M | 18.8M | 18.8M | 18.1M | 17.4M |
| Diluted Shares Outstanding | 18.7M | 18.6M | 18.8M | 18.8M | 18.1M | 17.4M |
| Breakdown | FY 2024 (Mar 31, 2025) |
FY 2023 (Mar 31, 2024) |
FY 2022 (Mar 31, 2023) |
FY 2021 (Mar 31, 2022) |
FY 2020 (Mar 31, 2021) |
|---|---|---|---|---|---|
| Cash & Cash Equivalents | $47.37M | $60.58M | $43.18M | $105.62M | $117.54M |
| Accounts Receivable | - | - | - | - | $4.00K |
| Other Current Assets | $2.80M | $3.91M | $16.28M | $10.15M | $3.51M |
| Total Current Assets | $60.76M | $73.01M | $59.46M | $115.77M | $121.05M |
| Property Plant & Equipment | $1.30M | $2.06M | $3.61M | $2.95M | $3.57M |
| Other Non-current Assets | $1.19M | $1.33M | $10.08M | $4.11M | $1.21M |
| Total Assets | $333.10M | $324.89M | $278.56M | $278.04M | $253.06M |
| Deferred Revenue | $6.09M | $6.47M | $2.77M | $1.48M | $737.00K |
| Other Current Liabilities | $30.00K | - | $533.00K | - | - |
| Total Current Liabilities | $27.20M | $17.95M | $31.90M | $9.64M | $8.62M |
| Deferred Tax Liabilities | $6.61M | $6.28M | $5.44M | $4.19M | $3.21M |
| Other Non-current Liabilities | $125.00K | $531.00K | $513.00K | $541.00K | $876.00K |
| Total Liabilities | $176.50M | $163.86M | $98.77M | $91.75M | $40.55M |
| Common Stock | $2.00K | $2.00K | $2.00K | $2.00K | $2.00K |
| Retained Earnings | $-391.94M | $-372.17M | $-338.37M | $-313.83M | $-260.35M |
| Total Stockholders Equity | $156.60M | $161.03M | $179.79M | $186.30M | $212.51M |
| Total Liabilities & Equity | $333.10M | $324.89M | $278.56M | $278.04M | $253.06M |
| Breakdown | TTM (Sep 30, 2025) |
FY 2024 (Mar 31, 2025) |
FY 2023 (Mar 31, 2024) |
FY 2022 (Mar 31, 2023) |
FY 2021 (Mar 31, 2022) |
FY 2020 (Mar 31, 2021) |
|---|---|---|---|---|---|---|
| Net Income | - | $-11.37M | $-9.13M | $-16.32M | $-37.52M | $-54.43M |
| Depreciation & Amortization | - | $548.00K | $844.00K | $1.42M | $1.45M | $3.53M |
| Deferred Income Tax | - | $325.00K | $841.00K | - | - | $124.00K |
| Change in Receivables | - | - | - | - | $-4.00K | $-57.00K |
| Operating Cash Flow | - | $-29.26M | $41.99M | $-27.25M | $17.91M | $-9.96M |
| Capital Expenditure | - | $87.00K | $307.00K | $2.13M | $1.05M | $230.00K |
| Investing Cash Flow | - | $22.75M | $8.09M | $-27.13M | $-27.41M | $-14.17M |
| Stock Issued | - | - | - | - | - | - |
| Stock Repurchased | - | $8.40M | $24.68M | $8.22M | $14.96M | - |
| Financing Cash Flow | - | $-6.59M | $-25.14M | $-8.06M | $-2.42M | $4.22M |
| Net Change in Cash | - | $-13.10M | $24.94M | $-62.44M | $-11.91M | $-19.91M |
SEC Filing Format - Data shown as it appears in the Q2 2026 (10-Q) filing
Period ended: Sep 30, 2025
Condensed Consolidated Statements of Operations
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Total Revenue | $1.55M | $1.55M | $2.97M | $3.08M |
| Operating Expenses | $11.93M | $14.68M | $25.73M | $31.31M |
| Research & Development | $1.21M | $1.78M | $2.33M | $3.53M |
| Operating Income | $60.67M | $-13.13M | $83.16M | $-28.14M |
| Other Income/Expense | - | $9.00K | - | $25.00K |
| Income Before Tax | $61.05M | $-12.54M | $83.98M | $-26.84M |
| Income Tax Expense | $7.52M | $230.00K | $5.26M | $1.45M |
| Net Income | $53.54M | $-12.77M | $78.72M | $-28.29M |
| Basic EPS | 2.86 | -0.69 | 4.22 | -1.53 |
| Diluted EPS | 2.86 | -0.69 | 4.21 | -1.53 |
| Basic Shares Outstanding | $18.69M | $18.59M | $18.65M | $18.53M |
| Diluted Shares Outstanding | $18.71M | $18.59M | $18.71M | $18.53M |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Mar 31, 2025 |
|---|---|---|
| Cash & Cash Equivalents | $39.07M | $47.37M |
| Other Current Assets | $3.19M | $2.80M |
| Total Current Assets | $58.80M | $60.76M |
| Property Plant & Equipment | $1.02M | $1.30M |
| Other Non-current Assets | $1.44M | $1.19M |
| Total Assets | $420.38M | $333.10M |
| Deferred Revenue | $6.87M | $6.09M |
| Other Current Liabilities | - | $30.00K |
| Total Current Liabilities | $34.62M | $27.20M |
| Deferred Tax Liabilities | $6.49M | $6.61M |
| Other Non-current Liabilities | $62.00K | $125.00K |
| Total Liabilities | $180.03M | $176.50M |
| Common Stock | $2.00K | $2.00K |
| Retained Earnings | $-314.22M | $-391.94M |
| Total Stockholders Equity | $240.35M | $156.60M |
| Total Liabilities & Equity | $420.38M | $333.10M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $53.54M | $-12.77M | $78.72M | $-28.29M |
| Depreciation & Amortization | $133.00K | $151.00K | $257.00K | $330.00K |
| Deferred Income Tax | - | - | $-120.00K | $1.39M |
| Operating Cash Flow | - | - | $-1.74M | $-5.01M |
| Capital Expenditure | - | - | - | $41.00K |
| Investing Cash Flow | - | - | $-3.27M | $-10.95M |
| Stock Repurchased | - | - | $990.00K | $2.03M |
| Financing Cash Flow | - | - | $-1.55M | $-1.43M |
| Net Change in Cash | - | - | $-6.55M | $-17.39M |
All values are in USD (United States Dollars). Data is sourced from SEC EDGAR 10-K filings.
Annual data represents full fiscal year results. FY = Fiscal Year ending.