1GAAP revenue rose 545.3% year-over-year to $11.6M in FY2025, driven by four new commercial customer agreements across hotel management, smart water-system management, and cryptocurrency mining industries.
2GAAP gross profit grew 64.2% year-over-year to $1.8M in FY2025, with a 15.1% gross margin driven by a shift to more complex, resource-intensive client engagements.
3GAAP operating loss was $80.2M in FY2025, compared to a $16.8K operating loss in FY2024, as the company scaled investments to support growth.
4Operating margin for FY2025 came in at -690.5%, reflecting near-term costs associated with headcount expansion, outsourced development, and go-to-market efforts.
5Net cash used in operating activities was $3.1M in FY2025, compared to $20.2M in net cash provided by operating activities in FY2024.
6Near-term operating investments are expected to drive long-term value via accelerated technology development and expanded market reach.