| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Revenue | $154,958 | $29.0M | $40.3M | $19.3M | $11.6M |
| Gross Profit | — | — | — | — | — |
| Operating Income | $-3.2M | $17.7M | $34.2M | $16.6M | $9.7M |
| Net Income | $22.8M | $81.3M | $21.1M | $44.5M | $-22.1M |
| Diluted EPS | — | — | — | — | — |
| Operating Cash Flow | $-328.3M | $-847.6M | $1.3B | $22.1M | $176.8M |
| Free Cash Flow | — | — | — | — | — |
Company updates and connected market context, with the dated price move attached.
Fundamentals sourced from SEC EDGAR filings (public domain). For informational purposes only. Not investment advice.
The Wire scans sources on a rolling cadence — new stories land through the day.
Company updates and connected market context, with the dated price move attached.
US CPI for June came in softer than expected, signaling that the Federal Reserve's inflation-fighting campaign may be gaining more traction than consensus anticipated. The cooler print revives rate-cut speculation and sets up a classic risk-on rotation into rate-sensitive equities, bonds, and growth names.
A senior Fed official has signaled that persistently hot inflation data could force the central bank to resume raising interest rates, a hawkish pivot from the current pause narrative. This reopens the 'higher for longer' trade: pressure on rate-sensitive equities, real estate, and long-duration assets while the dollar and short-end yields find support.
Kevin Warsh's debut at the Fed is stoking bond market fears of a more hawkish policy shift, driving a selloff and a surge in rate-hike bets. If markets are pricing in a genuine pivot toward tighter policy, duration assets face sustained headwinds while rate-sensitive equities could reprice lower.
The April jobs report showed unemployment dipping to 4.2% with stable wage growth, removing labor-side inflationary pressure from the Fed's calculus. This gives incoming Fed Chair Kevin Warsh political and economic cover to cut rates sooner, steepening the front-end rate path and lifting rate-sensitive assets.