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The multi-year statements show a development-stage venture without reported sales that carries recurring corporate and platform-related expenses, producing operating losses and cash burn. Operations have depended on related-party borrowing and equity financing, so the model has not yet demonstrated self-funding economics.
The March 2026 results retain the pre-revenue, loss-making pattern, while TTM losses and operating cash use narrowed versus the prior-year TTM period. The improvement mainly reflects lower option-related compensation than in the stock-option-heavy comparison period, rather than demonstrated sales or cash-generating operations.
Whether the AiC joint venture produces recognized customer revenue in a subsequent comparable report.
| Metric | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|
| (33.9k) | (3.7m) | (2.8m) | (6.4m) | |
| — | — | — | 4.4m | |
| — | 14.5k | (693.3k) | 4.2m | |
| 0 | 0 | 0 | 0 | |
| 0 | 0 | 0 | 0 | |
| (7.1k) | 2.2m | 1.2m | 575k | |
| (41k) | (1.5m) | (2.4m) | (1.7m) | |
| — | — | (80k) | (600) | |
| — | — | (80k) | (600) | |
| 0 | 100k | 1.3m | 278.5k | |
| 38.8k | 1.4m | 1.2m | 1.5m | |
| 38.8k | 300 | 0 | (55k) | |
| 38.8k | 1.5m | 2.5m | 1.7m | |
| — | (21.6k) | (30.8k) | 0 | |
| (2.2k) | (19.2k) | 41.5k | 13.8k | |
| (41k) | (1.5m) | (2.4m) | (1.7m) |
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Stock intrinsic value is the real worth of a company's stock, based on its financial health and performance.
Instead of looking at the stock's current market price, which can change due to people's opinions and emotions, intrinsic value helps us understand if a stock is truly a good deal or not.
By focusing on the company's actual financial strength, like its earnings and debts, we can make better decisions about which stocks to buy and when.
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