Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.
Outlined bar is the consensus estimate; solid is reported.
Periods without a consensus estimate or a reported figure show a dash.
| Period | EPS estimate | EPS actual | EPS surprise % | Revenue estimate | Revenue actual | Revenue surprise % |
|---|---|---|---|---|---|---|
| Q2 25 | $0.82 | $0.86 | +4.9% | — | $24.9M | — |
Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.
Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.
Periods without a consensus estimate or a reported figure show a dash.
| Period | EPS estimate | EPS actual | EPS surprise % | Revenue estimate | Revenue actual | Revenue surprise % |
|---|---|---|---|---|---|---|
| FY25 | — | $1.18 | — | — | $78.6M | — |
| FY24 | — | -$24.4 | — | — | $46.3M | — |
| FY23 | — | -$3.46 | — | — | $73.3M | — |
| FY22 | — | -$0.71 | — | — | $96.7M | — |
| FY21 | — | -$0.24 | — | — | $1.1M | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $1.1M | $96.7M | $73.3M | $46.3M | $78.6M |
| YoY change | — | +9.1K% | -24.2% | -36.9% | +69.7% |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 |
|---|
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 1.1M | 96.7M | 73.3M | 46.3M | 78.6M |
| Cost of revenue | 853.3K | 94.3M | 82M | 38.8M | 63.9M |
| Gross profit | 202.6K | 2.4M | -8.7M | 7.5M | 14.7M |
| Gross margin | 19.2% | 2.51% | -11.8% | 16.2% | 18.7% |
| Research & development | — | — | — | — | — |
| Selling, general & administrative | 2.4M | 11.6M | 28.8M | 16.9M | 10.7M |
| Operating expenses | 2.4M | 11.6M | 28.8M | 16.9M | 10.7M |
| Operating income | -2.2M | -9.2M | -37.5M | -9.4M | 4M |
| Operating margin | -207.9% | -9.5% | -51.1% | -20.2% | 5.04% |
| Non-operating income, net | 745.6K | 596K | -12M | -5.6M | 1.9M |
| Pretax income | -1.5M | -9.5M | -52.8M | -22.4M | 1.1M |
| Income tax | 0 | -55K | 2K | -507K | 207K |
| Net income | -1.5M | -9.4M | -52.8M | -40.6M | 5.2M |
| Net margin | -142.7% | -9.72% | -72% | -87.8% | 6.58% |
| EBITDA | -2.2M | -9M | -36.8M | -8.8M | 8.3M |
| EPS | -0.24 | -0.71 | -3.46 | -24.4 | 1.18 |
| Diluted EPS | -0.24 | -0.71 | -3.46 | -24.4 | 1.18 |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 3.7M | 57.4M | 13.2M | 15.1M | 40.3M | 1.4M | 25.5M | 24.9M | 381K | 27.8M | 997K | 965K |
| Cost of revenue | 3.3M | 67.4M | 17.5M | 18.5M | 33.8M | 980K | 21M | 21.1M | 123K | 21.7M | 294K | 292K |
| Gross profit | 319K | -10M | -4.3M | -3.3M | 6.5M | 442K | 4.5M | 3.8M | 258K | 6.2M | 703K | 673K |
| Gross margin | 8.73% | -17.4% | -32.4% | -22% | 16.1% | 31.1% | 17.6% | 15.2% | 67.7% | 22.2% | 70.5% | 69.7% |
| Research & development | — | — | — | — | — | — | — | — | — | — | — | — |
| Selling, general & administrative | 2.2M | 23M | 11.7M | 9.7M | 4.6M | 3.4M | 2M | 2.9M | 2.8M | 3M | 3M | 3.2M |
| Operating expenses | 2.2M | 23M | 11.7M | 9.7M | 4.6M | 3.4M | 2M | 2.9M | 2.8M | 3M | 3M | 3.2M |
| Operating income | -1.8M | -33M | -16M | -13.1M | 1.9M | -2.9M | 2.5M | 872K | -2.6M | 3.1M | -2.3M | -2.5M |
| Operating margin | -50.2% | -57.5% | -121.3% | -86.4% | 4.6% | -206.4% | 9.91% | 3.51% | -673% | 11.2% | -235.4% | -261.1% |
| Non-operating income, net | 76K | -12.6M | -223K | -2.6M | 56K | -2.8M | 332K | 3.2M | 5.1M | -6.8M | -258K | 391K |
| Pretax income | -2.6M | -46.5M | -17.4M | -16.9M | -1.3M | -7.6M | 458K | 2.9M | 2.6M | -4.9M | -2.6M | -2.2M |
| Income tax | 0 | 2K | 6K | 9K | 11K | -533K | 98K | 189K | 272K | -352K | 5K | -1K |
| Net income | -11.8M | -23.6M | -17.4M | -16.9M | -4.4M | -1.9M | 455K | 3.6M | 7.1M | -6M | -2.6M | -2.1M |
| Net margin | -323.6% | -41.1% | -131.6% | -111.8% | -11% | -133.7% | 1.79% | 14.5% | 1.9K% | -21.7% | -264.2% | -212.5% |
| EBITDA | -1.8M | -32.8M | -15.9M | -12.7M | 2M | -2.8M | 3.8M | 4.1M | -1.9M | 5.9M | -2M | -2.5M |
| EPS | -0.71 | — | -15 | -14.5 | -3.75 | — | 0.24 | 1.39 | 1.42 | — | -0.18 | -0.06 |
| Diluted EPS | -0.71 | — | -15 | -14.5 | -3.75 | — | 0.03 | 0.75 | 1.26 | — | -0.18 | -0.06 |
Annual history by fiscal year; click a table row below to chart a different metric.
Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Market cap | — | — | — | — | — | 17.1M |
| Enterprise value | — | — | — | — | — | 651.2K |
| Shares outstanding | 6.1M | 13.2M | 15.2M | 1.7M | 4.4M | 4.4M |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | 0.8 |
| P/S | — | — | — | — | — | 0.32 |
| P/B | — | — | — | — | — | 3.23 |
| EV/EBITDA | — | — | — | — | — | -0.15 |
| EV/Sales | — | — | — | — | — | 0.02 |
| Earnings yield | — | — | — | — | — | 125.3% |
| FCF yield | — | — | — | — | — | -48.6% |
| PEG | — | — | — | — | — | -0.01 |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Gross margin | 19.2% | 2.51% | -11.8% | 16.2% | 18.7% | 69.7% |
| Operating margin | -207.9% | -9.5% | -51.1% | -20.2% | 5.04% | -261.1% |
| Net margin | -142.7% | -9.72% | -72% | -87.8% | 6.58% | -11.8% |
| ROE | -19.1% | 165.8% | -358.1% | 248.8% | -279.8% | -279.8% |
| ROA | -10.1% | -31.1% | -73.7% | -87.8% | 43.3% | -20.2% |
| ROIC | -20.3% | -52.4% | -125.2% | -64.2% | -62.2% | 78.1% |
| Return on tangible assets | -10.3% | -36.5% | -78.1% | -95.3% | 43.3% | -26.4% |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Current ratio | 0.58 | 0.35 | 0.98 | 0.7 | 0.72 | 1.11 |
| Quick ratio | 0.58 | 0.35 | 0.98 | 0.7 | 0.72 | 1.11 |
| Debt / equity | 0.76 | -5.26 | 2.01 | -2.02 | -2.36 | 0.03 |
| Debt / assets | 0.4 | 0.98 | 0.41 | 0.71 | 0.36 | 0.01 |
| Net debt / EBITDA | -1.33 | -2.57 | -0.41 | -3.52 | -0.39 | 16.5 |
| Interest coverage | -25 | -9.92 | -14.7 | -1.99 | 1.22 | 1.22 |
| Effective tax rate | 0% | 0% | 0% | 0% | 19.5% | 0% |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Revenue per share | 0.17 | 7.35 | 4.81 | 27.8 | 17.9 | 1.79 |
| EPS (basic) | -0.24 | -0.71 | -3.46 | -24.4 | 1.18 | 1.18 |
| EPS (diluted) | -0.24 | -0.71 | -3.46 | -24.4 | 1.18 | -1.35 |
| Book value per share | 1.29 | -0.43 | 0.97 | -9.81 | -0.42 | -0.02 |
| FCF per share | -2.98 | -1.65 | -2.04 | -10.3 | 0.75 | -0.01 |
| Cash per share | 0.51 | 0.5 | 0.95 | 1.3 | 1.74 | 0.17 |
| Capex per share | 2.39 | 0.02 | 0.04 | 0.07 | — | — |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Capex / revenue | 1.4K% | 0.27% | 0.87% | 0.25% | — | — |
| Capex / operating cash flow | -2K% | -3.27% | -1.72% | -0.41% | — | — |
| Payout ratio | — | — | — | — | — | 0% |
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $3.7M | $57.4M | $13.2M | $15.1M | $40.3M | $1.4M | $25.5M | $24.9M | $381K | $27.8M | $997K | $965K |
| YoY change | — | — | -15.7% | +16.3% | +1K% | -97.5% | +92.9% | +64.3% | -99.1% | +1.9K% | -96.1% | -96.1% |
What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.
Click a row to chart it; unreported figures show a dash.
| Period | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash & short-term investments | 3.1M | 6.6M | 14.5M | 2.2M | 7.6M |
| Receivables | 422.8K | 1.9M | 3M | 2K | 101K |
| Inventory | — | — | — | — | — |
| Total current assets | 4.1M | 10.7M | 46.5M | 43.3M | 9.8M |
| Property, plant & equipment | 53.9K | 1.9M | 2M | 778K | 451K |
| Goodwill & intangibles | 326K | 4.5M | 4.1M | 3.7M | — |
| Total assets | 15M | 30.3M | 71.7M | 46.3M | 12M |
| Accounts payable | 519.2K | 3.7M | 9.9M | 5.7M | 3.4M |
| Short-term debt | 6M | 24.3M | 20.7M | 32.9M | 4.3M |
| Total current liabilities | 7.1M | 30.2M | 47.6M | 62.2M | 13.7M |
| Long-term debt | 0 | 5.5M | 9M | 128K | 85K |
| Total liabilities | 7.1M | 35.9M | 57M | 62.6M | 13.8M |
| Shareholders' equity | 7.9M | -5.7M | 14.8M | -16.3M | -1.8M |
| Total debt | 6M | 29.8M | 29.7M | 33.1M | 4.4M |
| Net debt | 4.4M | 24M | 15.2M | 30.9M | -340K |
What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.
Click a row to chart it; unreported figures show a dash.
| Period | Q2 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 24.6M | 14.5M | 6.4M | 5.4M | 3.8M | 2.2M | 2.6M | 4.7M | 6.3M | 7.6M | 3.3M | 9.1M |
| Receivables | 1.6M | 3M | 2.4M | 2M | 118K | 2K | 1K | 32K | 64K | 101K | 31K | 12K |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 28.3M | 46.5M | 39.6M | 61M | 43.8M | 43.3M | 20.9M | 10.7M | 11.3M | 9.8M | 5.7M | 11.2M |
| Property, plant & equipment | 6.6M | 2M | 1.9M | 1.8M | 870K | 778K | 698K | 570K | 480K | 451K | 501K | 609K |
| Goodwill & intangibles | 4.1M | 4.1M | 4M | 4M | 4M | 3.7M | — | — | — | — | — | — |
| Total assets | 39.5M | 71.7M | 68.2M | 65.3M | 47.9M | 46.3M | 23.4M | 13M | 13.6M | 12M | 7.9M | 13.5M |
| Accounts payable | 7.6M | 9.9M | 10.9M | 13.1M | 7.6M | 5.7M | 5.5M | 3.3M | 2.7M | 3.4M | 3.2M | 5.3M |
| Short-term debt | 36.8M | 20.7M | 21.3M | 37.1M | 30.6M | 32.9M | 13.3M | 1.5M | 3.1M | 4.3M | 292K | 46K |
| Total current liabilities | 48.4M | 47.6M | 51.3M | 79.2M | 66.4M | 62.2M | 39.1M | 20M | 9.4M | 13.7M | 8.3M | 10M |
| Long-term debt | 13.8M | 9M | 14.9M | 783K | 139K | 128K | 118K | 107K | 96K | 85K | 73K | 61K |
| Total liabilities | 62.5M | 57M | 66.5M | 80.3M | 67.6M | 62.6M | 39.2M | 20.1M | 9.5M | 13.8M | 8.4M | 10.1M |
| Shareholders' equity | -23M | 14.8M | 1.7M | -15M | -19.6M | -16.3M | -15.8M | -7.1M | 4.1M | -1.8M | -446K | 3.5M |
| Total debt | 50.6M | 29.7M | 36.2M | 37.9M | 30.8M | 33.1M | 13.4M | 1.6M | 3.2M | 4.4M | 365K | 107K |
| Net debt | 45.3M | 15.2M | 29.8M | 32.5M | 27M | 30.9M | 10.8M | -3.1M | -1.1M | -340K | -1.5M | -8.3M |
Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.
Click a row to chart it; unreported figures show a dash.
| Period | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Net income | -1.5M | -9.4M | -52.8M | -40.6M | 854K |
| Depreciation & amortization | 26.2K | 161K | 497K | 375K | 336K |
| Stock-based compensation | 4K | 17K | 176K | 211K | 605K |
| Change in working capital | 736.6K | 1.3M | 15M | 11.8M | -907K |
| Operating cash flow | -740.4K | -7.9M | -37M | -28M | 3.5M |
| Capital expenditure | -14.7M | -259K | -637K | -115K | — |
| Investing cash flow | -8.9M | 11.7M | 1.8M | -115K | -7.8M |
| Dividends paid | — | — | — | — | — |
| Share repurchases | — | — | — | — | — |
| Financing cash flow | 11.3M | 16.8M | 36.7M | 500K | 4.2M |
| Net change in cash | 1.7M | 20.6M | 1.4M | -27.6M | -146K |
| Free cash flow | -18.3M | -21.7M | -31M | -17.1M | 3.3M |
Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.
Click a row to chart it; unreported figures show a dash.
| Period | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -11.8M | -23.6M | -17.4M | -28.6M | -25.6M | -1.9M | 360K | 3.6M | 1.3M | -4.5M | -2.6M | -2.1M |
| Depreciation & amortization | -48K | 290K | 159K | 256K | 136K | 109K | 94K | 94K | 84K | 64K | 68K | 73K |
| Stock-based compensation | 40K | 113K | 83K | 185K | -199K | 142K | 46K | 557K | 1K | 1K | 30K | 0 |
| Change in working capital | 4.7M | 3.6M | 8.9M | 16.6M | 3.2M | -6.7M | -2.1M | 1.9M | 4M | 1.5M | 365K | 1.3M |
| Operating cash flow | -7.1M | -19.5M | -8.2M | -11.5M | -22.4M | -8.1M | -1.5M | 848K | -3M | 5.9M | -2.6M | -282K |
| Capital expenditure | -269K | 184K | -56K | -57K | -35K | 30K | 21K | — | — | — | — | — |
| Investing cash flow | -2.2M | 2.2M | -56K | -57K | -35K | 30K | 21K | — | — | — | — | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | -10.2M | 25.8M | -1.4M | -1.6M | -2.2M | 3.3M | -1.1M | -10K | 2.7M | 4.9M | -46K | -417K |
| Net change in cash | -19.5M | 8.5M | -9.6M | -13.2M | -24.7M | -4.8M | -2.6M | 838K | -288K | 10.8M | -2.6M | -699K |
| Free cash flow | -11.1M | -6.1M | -7.8M | 273K | -3.8M | -5.8M | -312K | 848K | -3M | 5.8M | -2.7M | -462K |