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 26 | $0.08 | -$0.13 | -262.5% | — | $16.7M | — |
| Q1 26 | $0.14 | -$0.13 | -192.9% | — | $8.1M | — |
| Q4 25 | -$0.09 | -$0.02 | +77.8% | — | $4.9M | — |
| Q3 25 | $0.01 | -$0.14 | -1500.0% | — | $2.1M | — |
| Q2 25 | -$0.07 | -$0.04 | +42.9% | — | $2.1M | — |
| Q1 25 | -$0.12 | -$0.21 | -75.0% | — | $2M | — |
| Q4 24 | -$0.12 | -$0.18 | -50.0% | — | $2M | — |
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 | — | -$0.74 | — | — | $11.2M | — |
| FY24 | — | -$3.84 | — | — | $5.6M | — |
| FY23 | — | -$0.31 | — | — | $0 | — |
| FY22 | — | -$0.15 | — | — | $0 | — |
| FY21 | — | -$0.02 | — | — |
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 | $5K | $0 | $0 | $5.6M | $11.2M |
| YoY change | — | -100% | 0% | +InfinityT% | +101.2% |
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 | 5K | 0 | 0 | 5.6M | 11.2M |
| Cost of revenue | 0 | 0 | 0 | 4M | 7.3M |
| Gross profit | 5K | 0 | 0 | 1.5M | 3.9M |
| Gross margin | 100% | — | — | 27.8% | 34.9% |
| Research & development | 0 | 91.3K | 0 | 90.6K | 202.6K |
| Selling, general & administrative | 166.9K | 1.1M | 2.4M | 7.3M | 25.5M |
| Operating expenses | 166.9K | 1.2M | 2.4M | 8.4M | 28.9M |
| Operating income | -161.9K | -1.2M | -2.4M | -6.9M | -25.2M |
| Operating margin | -3.2K% | — | — | -124.3% | -224.6% |
| Non-operating income, net | — | — | — | -25M | 4.1M |
| Pretax income | -161.9K | -1.2M | -2.4M | -32M | -19.2M |
| Income tax | 0 | 0 | 0 | -13.4K | -36.3K |
| Net income | -161.9K | -1.2M | -2.4M | -32M | -19.2M |
| Net margin | -3.2K% | — | — | -574.6% | -171.4% |
| EBITDA | -161.9K | -1.2M | -2.4M | -6.8M | -23.2M |
| EPS | -0.02 | -0.15 | -0.31 | -3.84 | -0.74 |
| Diluted EPS | -0.02 | -0.15 | -0.31 | -3.84 | -0.74 |
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 | 0 | -4.1M | 618.9K | 1.4M | 1.5M | 2M | 2M | 2.1M | 2.1M | 4.9M | 8.1M | 16.7M |
| Cost of revenue | 0 | -3.4M | 414.7K | 1M | 1.1M | 1.4M | 1.5M | 1.3M | 1.3M | 3.1M | 5.4M | 10.9M |
| Gross profit | 0 | -705K | 204.2K | 388.4K | 399.5K | 554.2K | 496.8K | 794.7K | 840.4K | 1.8M | 2.7M | 5.8M |
| Gross margin | — | 17.1% | 33% | 27.5% | 26.1% | 27.7% | 24.3% | 37.4% | 39.4% | 36.2% | 32.8% | 34.7% |
| Research & development | 0 | -183.7K | 16.8K | 10.3K | 15K | 48.5K | 7.9K | 62.7K | 39.4K | 92.6K | 91.1K | 430.8K |
| Selling, general & administrative | 353K | -1.4M | 1.2M | 1.7M | 1.6M | 2.8M | 3.4M | 7.5M | 5.1M | 9.4M | 7.8M | 11.6M |
| Operating expenses | 353K | -1.6M | 1.3M | 2M | 1.9M | 3.3M | 3.7M | 8M | 5.8M | 11.4M | 9.8M | 13.6M |
| Operating income | -353.7K | 1.4M | -1.1M | -1.6M | -1.5M | -2.8M | -3.3M | -7.2M | -5M | -9.7M | -7.3M | -7.8M |
| Operating margin | — | -34.4% | -175.5% | -111.4% | -95.4% | -139.7% | -160% | -338.5% | -232.4% | -198.7% | -89.7% | -46.8% |
| Non-operating income, net | — | — | — | — | -641.9K | -24.3M | — | — | 5.8M | -1.8M | 16.8M | -1.8M |
| Pretax income | -353.7K | 1.5M | -1.1M | -1.6M | -2.1M | -27.1M | -3.3M | -7M | 1.6M | -10.6M | 10.3M | -7.8M |
| Income tax | 0 | 0 | 0 | — | — | — | 0 | — | — | — | 0 | — |
| Net income | -353.7K | 1.5M | -1.1M | -1.6M | -2.1M | -27.1M | -3.3M | -7M | 1.6M | -10.6M | 10.3M | -7.8M |
| Net margin | — | -35.6% | -178.7% | -114.3% | -140% | -1.4K% | -159.9% | -327.9% | 75.1% | -215.7% | 127% | -46.5% |
| EBITDA | -353K | 1.4M | -1.1M | -1.6M | -1.5M | -2.7M | -3.2M | -6.9M | -4.2M | -8.8M | -6.4M | -5.9M |
| EPS | -0.05 | — | -0.18 | -0.16 | -0.3 | — | -0.21 | -0.32 | 0.05 | — | 0.22 | -0.16 |
| Diluted EPS | -0.05 | — | -0.18 | -0.16 | -0.3 | — | -0.21 | -0.32 | 0.05 | — | 0.21 | -0.16 |
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 | — | — | — | 140M | — | 1.2B |
| Enterprise value | — | — | — | 136.6M | — | 888.2M |
| Shares outstanding | 8.7M | 7.6M | 7.6M | 8.3M | 26M | 26M |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | -32.3 |
| P/S | — | — | — | 25.2 | — | 37.7 |
| P/B | — | — | — | 9.45 | — | 3.1 |
| EV/EBITDA | — | — | — | -20 | — | -30.1 |
| EV/Sales | — | — | — | 24.5 | — | 27.9 |
| Earnings yield | — | — | — | — | — | -3.09% |
| FCF yield | — | — | — | -2.85% | — | -4.28% |
| PEG | — | — | — | — | — | 0.65 |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Gross margin | 100% | — | — | 27.8% | 34.9% | 34.7% |
| Operating margin | -3.2K% | — | — | -124.3% | -224.6% | -46.8% |
| Net margin | -3.2K% | — | — | -574.6% | -171.4% | -20.3% |
| ROE | -4.15% | -36.6% | -168.5% | -215.8% | -11% | -2.94% |
| ROA | -4.15% | -35.2% | -155.8% | -198.5% | -10.5% | -8.27% |
| ROIC | -139.4% | -1.2K% | -458.2% | -60.7% | -71.7% | -71.7% |
| Return on tangible assets | -4.15% | -35.2% | -155.8% | 1K% | -13.1% | -1.79% |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Current ratio | — | 23.8 | 8.87 | 6.53 | 61.3 | 53.8 |
| Quick ratio | — | 23.8 | 8.87 | 5.1 | 59.3 | 50.6 |
| Debt / equity | — | — | — | 0.02 | 0.02 | 0.01 |
| Debt / assets | — | — | — | 0.02 | 0.01 | 0.01 |
| Net debt / EBITDA | — | — | — | 0.5 | 6.03 | 12.4 |
| Interest coverage | — | — | — | -272.5 | -37.1K | -5.6K |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 0 | 0.67 | 0.43 | 0.82 |
| EPS (basic) | -0.02 | -0.15 | -0.31 | -3.84 | -0.74 | -0.74 |
| EPS (diluted) | -0.02 | -0.15 | -0.31 | -3.84 | -0.74 | -0.14 |
| Book value per share | 0.45 | 0.42 | 0.19 | 1.78 | 6.72 | 7.77 |
| FCF per share | -0.02 | -0.16 | -0.23 | -0.48 | -0.89 | -1.2 |
| Cash per share | 0.43 | 0.41 | 0.12 | 0.45 | 5.48 | 6.33 |
| Capex per share | 0 | 0 | 0 | 0 | — | — |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Capex / revenue | 0% | — | — | 0% | — | — |
| Capex / operating cash flow | 0% | -0.33% | -0.14% | 0% | — | — |
| Payout ratio | — | — | — | — | — | 0% |
| $5K |
| — |
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $0 | -$4.1M | $618.9K | $1.4M | $1.5M | $2M | $2M | $2.1M | $2.1M | $4.9M | $8.1M | $16.7M |
| YoY change | 0% | -InfinityT% | +InfinityT% | +InfinityT% | +InfinityT% | +148.7% | +230% | +50.5% | +39.4% | +144.4% | +296.4% | +687.3% |
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 | 3.8M | 3.1M | 894.8K | 3.8M | 142.5M |
| Receivables | 945 | 0 | — | 66.6K | 1.6M |
| Inventory | — | — | — | 1.3M | 5.3M |
| Total current assets | 3.9M | 3.1M | 1M | 6.1M | 159.5M |
| Property, plant & equipment | 0 | 3.7K | 1.3K | 570 | 2.2M |
| Goodwill & intangibles | — | — | — | 19.3M | 36.3M |
| Total assets | 3.9M | 3.3M | 1.5M | 16.1M | 182.7M |
| Accounts payable | — | — | — | — | — |
| Short-term debt | — | — | — | 67.8K | 456.4K |
| Total current liabilities | 0 | 131.9K | 114.5K | 933.7K | 2.6M |
| Long-term debt | — | — | — | 262.2K | 2.2M |
| Total liabilities | 0 | 131.9K | 114.5K | 1.3M | 7.8M |
| Shareholders' equity | 3.9M | 3.2M | 1.4M | 14.8M | 174.9M |
| Total debt | — | — | — | 330K | 2.6M |
| Net debt | — | — | — | -3.4M | -100.6M |
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 | Q3 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 | 4.1M | 894.8K | 3.2M | 2.2M | 1.7M | 3.8M | 5M | 38.9M | 81.1M | 142.5M | 283.6M | 316.4M |
| Receivables | 35.7K | — | 1.9K | — | 79.9K | 66.6K | 51K | 173.4K | 309.5K | 1.6M | 3.1M | 9.3M |
| Inventory | 3M | — | 1.6M | 1.6M | 1.5M | 1.3M | 1.2M | 1.6M | 3.1M | 5.3M | 13.8M | 21.9M |
| Total current assets | 9M | 1M | 6.1M | 5.1M | 4.5M | 6.1M | 7.3M | 42.2M | 91.7M | 159.5M | 315.2M | 370.6M |
| Property, plant & equipment | 66.1K | 1.3K | 374.2K | 357.9K | 341.1K | 570 | -71.8K | 173.1K | 1.5M | 2.2M | 2.9M | 2.7M |
| Goodwill & intangibles | 30.8M | — | 17.7M | 19.7M | 19.7M | 19.3M | 19.2M | 19.2M | 19.1M | 36.3M | 36.2M | 36.1M |
| Total assets | 24.4M | 1.5M | 24.2M | 25.2M | 24.5M | 16.1M | 17.3M | 52.4M | 113.1M | 182.7M | 339.7M | 397.5M |
| Accounts payable | 218.3K | — | — | — | — | — | — | — | — | — | — | — |
| Short-term debt | 43.2K | — | 59.9K | 62.5K | 65.1K | 67.8K | 70.7K | 73.6K | 248K | 456.4K | 714.1K | 735.5K |
| Total current liabilities | 309.9K | 114.5K | 692K | 931.2K | 2M | 933.7K | 1M | 821.7K | 5.9M | 2.6M | 2.5M | 6.9M |
| Long-term debt | 2M | — | 2.3M | 4.3M | 3.3M | 262.2K | 243.2K | 223.8K | 1M | 2.2M | 2.6M | 2.4M |
| Total liabilities | 2.3M | 114.5K | 3M | 5.2M | 5.3M | 1.3M | 1.4M | 1.1M | 7.1M | 7.8M | 8.1M | 9.5M |
| Shareholders' equity | 22.1M | 1.4M | 21.2M | 20M | 19.2M | 14.8M | 15.9M | 51.3M | 106M | 174.9M | 331.6M | 388M |
| Total debt | 2.1M | — | 2.4M | 4.4M | 3.3M | 330K | 313.9K | 297.3K | 1.3M | 2.6M | 3.3M | 3.2M |
| Net debt | -2M | — | -834.8K | 2.1M | 1.7M | -3.4M | -4.7M | -38.6M | -63M | -100.6M | -219.6M | -226.4M |
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 | -161.9K | -1.2M | -2.4M | -32M | -19.2M |
| Depreciation & amortization | 0 | 885 | 5.6K | 72.2K | 141.3K |
| Stock-based compensation | — | — | 600K | 2.3M | 15.6M |
| Change in working capital | -945 | -226.3K | -406.2K | 484.5K | -5.5M |
| Operating cash flow | -162.8K | -1.4M | -2.2M | -29.1M | -21.2M |
| Capital expenditure | 0 | -4.6K | -3.2K | 0 | — |
| Investing cash flow | 0 | 40.6K | -3.2K | -852.8K | -35M |
| Dividends paid | — | — | — | — | — |
| Share repurchases | — | — | — | — | — |
| Financing cash flow | 3.9M | 462.1K | -424.9K | 6.2M | 151.4M |
| Net change in cash | 3.8M | -894.4K | -2.6M | -23.8M | 95.2M |
| Free cash flow | -162.8K | -1.2M | -1.8M | -4M | -23.2M |
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 | -353.7K | -416.6K | -1.1M | -1.6M | -2.1M | -27.1M | -3.3M | -7M | 1.6M | -10.6M | 10.3M | -7.8M |
| Depreciation & amortization | 644 | 4.2K | 5.5K | 171 | 171 | 71.6K | 20.6K | 20.6K | 22.4K | 77.6K | 64.8K | -415.6K |
| Stock-based compensation | -600K | — | 64.3K | 361.2K | 334.1K | 1.6M | 1.9M | 5.5M | 2.1M | 6.1M | 3.9M | 5.6M |
| Change in working capital | -131.9K | -63.2K | 164K | -190K | 409K | 96.1K | -115.6K | -518.9K | -270.1K | -4.6M | -10.7M | -15.4M |
| Operating cash flow | -1.1M | -475.6K | -872.2K | -1.4M | -1.4M | -25.4M | -1.5M | -2.7M | -7.5M | -9.8M | -17.4M | -21.5M |
| Capital expenditure | -3.2K | 0 | -852.9K | — | 0 | 0 | — | — | — | — | — | — |
| Investing cash flow | -3.2K | 0 | -852.9K | 75 | 0 | 0 | 0 | 0 | -10.9M | -27.6M | -4.7M | -27.7M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | -153.1K | 0 | 4.4M | 0 | 0 | 1.8M | 0 | 42.4M | 42.5M | 70M | 138.8M | 61.6M |
| Net change in cash | -1.2M | -475.6K | 2.6M | -1.4M | -1.4M | -23.6M | -1.5M | 39.8M | 24M | 32.6M | 116.7M | 12.4M |
| Free cash flow | -362.8K | -442.2K | -2M | -986.2K | -536.7K | -1.3M | -1.2M | -2.9M | -8.8M | -10.3M | -18.1M | -21.3M |