MSAI: financial statements from SEC

Income statement

Metric	Mar 31, 2026	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Sep 30, 2024	Jun 30, 2024
Revenue	2m	2m	1m	1m	2m	2m
Cost of revenue	700,000	566,000	1m	476,000	533,000	538,000
Selling, general and administrative	3m	2m	3m	4m	6m	3m
Operating expenses	4m	3m	4m	5m	8m	6m
Operating income	−3m	−2m	−3m	−5m	−9m	−5m
Pre-tax income	−2m	−2m	−3m	−4m	−9m	−6m
Income tax	33,000	−11,000	10,000	8,000	−395,000	12,000
Net income	−2m	−2m	−3m	−4m	−8m	−6m
Earnings per share	−1.23	−0.05	−0.10	−0.14	−0.34	−0.47
Earnings per share, diluted	−1.23	−0.05	−0.10	−0.14	−0.34	−0.47
Weighted average shares	2m	34m	34m	33m	24m	14m
Weighted average shares, diluted	2m	34m	34m	33m	24m	14m

Metric	Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024
Cash and equivalents	23m	24m	1m	3m	5m	4m	9m	234,000
Receivables	1m	2m	760,000	891,000	848,000	838,000	785,000	1m
Inventory	4m	4m	4m	4m	5m	4m	4m	6m
Current assets	28m	31m	7m	9m	11m	11m	14m	9m
Property, plant and equipment	4m	4m	4m	4m	4m	4m	3m	4m
Total assets	33m	35m	12m	15m	16m	15m	19m	16m
Current liabilities	2m	3m	3m	5m	3m	3m	3m	15m
Total liabilities	3m	3m	4m	5m	4m	3m	3m	15m
Equity	30m	32m	8m	10m	13m	12m	16m	2m
Shares outstanding	2m	80m	35m	34m	33m	31m	30m	14m
Shares issued	2m	80m	35m	34m	33m	31m	30m	14m

Metric	Mar 31, 2026	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Sep 30, 2024	Jun 30, 2024
Operating cash flow	−2m	—	—	−3m	—	—
Depreciation and amortisation	352,000	342,000	330,000	280,000	307,000	298,000
Share-based compensation	182,000	—	—	907,000	—	—
Capital expenditure	121,000	—	—	435,000	—	—
Investing cash flow	−101,000	—	—	−420,000	—	—
Financing cash flow	−24,000	—	—	4m	—	—