-
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) |
FY 2019 (Mar 31, 2020) |
FY 2018 (Mar 31, 2019) |
FY 2016 (Mar 31, 2017) |
FY 2015 (Mar 31, 2016) |
FY 2014 (Mar 31, 2015) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | - | $6.03M | $4.19M | $1.92M | $1.08M | $921.00K | $1.56M | $6.50M | $4.79M | $3.54M | $3.17M |
| Revenue Growth % | nan% | 43.9% | 118.4% | 77.0% | 17.7% | -41.1% | -75.9% | 35.8% | 35.1% | 11.7% | nan% |
| Cost of Revenue | - | - | - | - | $5.00K | $1.61M | $2.83M | $4.65M | $7.05M | $3.47M | $1.06M |
| Gross Profit | - | - | - | - | - | - | - | $-752.00K | $-2.26M | $74.68K | $2.11M |
| Gross Margin % | nan% | nan% | nan% | nan% | nan% | nan% | nan% | -11.6% | -47.3% | 2.1% | 66.5% |
| Operating Expenses | - | $58.84M | $56.66M | $56.77M | $49.03M | $51.81M | $38.95M | $41.99M | $30.52M | $22.00M | $16.27M |
| Research & Development | - | $5.74M | $5.70M | $4.44M | $3.59M | $4.34M | $2.69M | $2.31M | $2.32M | $1.32M | $1.00M |
| Operating Income | - | $-11.71M | $-10.12M | $-16.46M | $-36.85M | $-54.81M | $-37.38M | $-42.74M | $-32.78M | $-21.93M | $-14.16M |
| Operating Margin % | nan% | -194.2% | -241.5% | -857.8% | -3399.3% | -5951.0% | -2390.2% | -657.7% | -684.8% | -618.9% | -446.6% |
| Interest Expense | - | - | - | - | - | - | - | - | $5.00K | $3.02K | $570.74K |
| Other Income/Expense | - | $75.00K | $233.00K | $266.00K | $256.00K | $414.00K | $346.00K | $-28.00K | $-28.00K | $1.25K | - |
| Income Before Tax | - | $-9.48M | $-7.51M | $-15.05M | $-36.54M | $-54.31M | $-35.24M | $-41.31M | $-32.69M | $-21.83M | $-14.71M |
| Income Tax Expense | - | $1.89M | $1.61M | $1.26M | $983.00K | $124.00K | $2.40M | $685.00K | $6.50M | - | - |
| Net Income | - | $-11.37M | $-9.13M | $-16.32M | $-37.52M | $-54.43M | $-37.64M | $-41.99M | $-39.19M | $-21.83M | $-14.71M |
| Net Margin % | nan% | -188.6% | -217.8% | -850.3% | -3461.2% | -5910.3% | -2406.5% | -646.1% | -818.6% | -616.0% | -463.9% |
| Basic EPS | nan | -0.61 | -0.49 | -0.87 | -2.07 | -3.13 | -2.29 | nan | nan | nan | nan |
| Diluted EPS | nan | -0.61 | -0.49 | -0.87 | -2.07 | -3.13 | -2.29 | nan | nan | nan | nan |
| Basic Shares Outstanding | 18.7M | 18.6M | 18.8M | 18.8M | 18.1M | 17.4M | 16.4M | - | - | - | - |
| Diluted Shares Outstanding | 18.7M | 18.6M | 18.8M | 18.8M | 18.1M | 17.4M | 16.4M | - | - | - | - |
| 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) |
FY 2019 (Mar 31, 2020) |
FY 2018 (Mar 31, 2019) |
FY 2016 (Mar 31, 2017) |
FY 2015 (Mar 31, 2016) |
FY 2014 (Mar 31, 2015) |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $47.37M | $60.58M | $43.18M | $105.62M | $117.54M | $137.45M | $76.72M | $124.08M | $153.46M | $119.87M |
| Accounts Receivable | - | - | - | - | $4.00K | $61.00K | $444.00K | $636.00K | $528.28K | $395.17K |
| Inventory | - | - | - | - | - | - | - | $128.00K | $93.20K | - |
| Other Current Assets | $2.80M | $3.91M | $16.28M | $10.15M | $3.51M | $4.64M | $1.18M | $874.00K | $906.95K | $629.79K |
| Total Current Assets | $60.76M | $73.01M | $59.46M | $115.77M | $121.05M | $142.15M | $78.35M | $125.72M | $154.99M | $120.90M |
| Property Plant & Equipment | $1.30M | $2.06M | $3.61M | $2.95M | $3.57M | $7.00M | $9.83M | $14.51M | $15.12M | $6.38M |
| Intangible Assets | - | - | - | - | - | - | $184.00K | $210.00K | $222.36K | $220.78K |
| Other Non-current Assets | $1.19M | $1.33M | $10.08M | $4.11M | $1.21M | $180.00K | $845.00K | $370.00K | $60.07K | $25.63K |
| Total Assets | $333.10M | $324.89M | $278.56M | $278.04M | $253.06M | $267.40M | $196.75M | $245.49M | $274.05M | $227.83M |
| Deferred Revenue | $6.09M | $6.47M | $2.77M | $1.48M | $737.00K | $733.00K | $792.00K | $789.00K | $744.61K | $737.66K |
| Other Current Liabilities | $30.00K | - | $533.00K | - | - | - | - | - | - | - |
| Total Current Liabilities | $27.20M | $17.95M | $31.90M | $9.64M | $8.62M | $8.82M | $8.84M | $4.72M | $5.06M | $7.25M |
| Deferred Tax Liabilities | $6.61M | $6.28M | $5.44M | $4.19M | $3.21M | $3.08M | $685.00K | - | - | - |
| Other Non-current Liabilities | $125.00K | $531.00K | $513.00K | $541.00K | $876.00K | $640.00K | $3.00M | $1.34M | $654.54K | $63.41K |
| Total Liabilities | $176.50M | $163.86M | $98.77M | $91.75M | $40.55M | $22.33M | $15.99M | $17.59M | $11.86M | $13.62M |
| Common Stock | $2.00K | $2.00K | $2.00K | $2.00K | $2.00K | $2.00K | $1.00K | $1.00K | $1.44K | $1.25K |
| Retained Earnings | $-391.94M | $-372.17M | $-338.37M | $-313.83M | $-260.35M | $-205.91M | $-168.46M | $-102.67M | $-63.49M | $-41.66M |
| Total Stockholders Equity | $156.60M | $161.03M | $179.79M | $186.30M | $212.51M | $245.07M | $180.76M | $227.90M | $262.19M | $214.21M |
| Total Liabilities & Equity | $333.10M | $324.89M | $278.56M | $278.04M | $253.06M | $267.40M | $196.75M | $245.49M | $274.05M | $227.83M |
| 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) |
FY 2019 (Mar 31, 2020) |
FY 2018 (Mar 31, 2019) |
FY 2016 (Mar 31, 2017) |
FY 2015 (Mar 31, 2016) |
FY 2014 (Mar 31, 2015) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | - | $-11.37M | $-9.13M | $-16.32M | $-37.52M | $-54.43M | $-37.64M | $-41.99M | $-39.19M | $-21.83M | $-14.71M |
| Depreciation & Amortization | - | $548.00K | $844.00K | $1.42M | $1.45M | $3.53M | $3.59M | $2.85M | $2.23M | $556.32K | $96.14K |
| Stock-based Compensation | - | - | - | - | - | - | - | - | - | - | $6.96M |
| Deferred Income Tax | - | $325.00K | $841.00K | - | - | $124.00K | $2.40M | $685.00K | $6.50M | - | - |
| Change in Receivables | - | - | - | - | $-4.00K | $-57.00K | $-464.00K | $-273.00K | $166.00K | $133.11K | $25.76K |
| Change in Inventory | - | - | - | - | - | - | - | $-173.00K | $35.00K | $93.20K | - |
| Change in Payables | - | - | - | - | - | - | - | - | - | - | $-77.29K |
| Operating Cash Flow | - | $-29.26M | $41.99M | $-27.25M | $17.91M | $-9.96M | $-30.96M | $-23.09M | $-26.50M | - | - |
| Capital Expenditure | - | $87.00K | $307.00K | $2.13M | $1.05M | $230.00K | $464.00K | $724.00K | $1.64M | $9.08M | $6.35M |
| Investing Cash Flow | - | $22.75M | $8.09M | $-27.13M | $-27.41M | $-14.17M | $-4.43M | $-1.67M | $-2.39M | - | - |
| Stock Issued | - | - | - | - | - | - | $94.24M | - | - | $64.79M | $1.39M |
| Stock Repurchased | - | $8.40M | $24.68M | $8.22M | $14.96M | - | - | - | - | - | - |
| Financing Cash Flow | - | $-6.59M | $-25.14M | $-8.06M | $-2.42M | $4.22M | $96.11M | $3.16M | $-485.00K | - | - |
| Net Change in Cash | - | $-13.10M | $24.94M | $-62.44M | $-11.91M | $-19.91M | $60.73M | $-21.60M | $-29.38M | $33.59M | $119.83M |
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.