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 | -$0.04 | -$0.1 | -150.0% | — | $24.1M | — |
| Q4 25 | -$0.07 | -$0.05 | +28.6% | — | $20.1M | — |
| Q3 25 | -$0.09 | -$0.09 | 0.0% | — | $17.4M | — |
| Q2 25 | -$0.1 | -$0.11 | -10.0% | — | $16.5M | — |
| Q1 25 | -$0.09 | -$0.09 | 0.0% | — | $16.5M | — |
| Q4 24 | -$0.11 | -$0.1 | +9.1% | — | $15.5M | — |
| Q3 24 | -$0.12 | -$0.08 | +33.3% | — | $14.7M | — |
| Q2 24 | -$0.14 | -$0.11 | +21.4% | — | $14.6M | — |
| Q1 24 | -$0.16 | -$0.15 | +6.3% | — | $12.9M | — |
| Q4 23 | -$0.2 | -$0.18 | +10.0% | — | $12.5M | — |
| Q3 23 | -$0.18 | -$0.12 | +33.3% | — | $13.3M | — |
| Q2 23 | -$0.18 | -$0.13 | +27.8% | — | $14.7M | — |
| Q1 23 | -$0.21 | -$0.17 | +19.0% | — | $13.2M | — |
| Q4 22 | -$0.2 | -$0.12 | +40.0% | — | $11.2M | — |
| Q3 22 | -$0.17 | -$0.13 | +23.5% | — | $12.6M | — |
| Q2 22 | -$0.12 | -$0.07 | +41.7% | — | $14.8M | — |
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 | — | -$0.82 | — | — | $70.6M | — |
| FY24 | — | -$0.86 | — | — | $57.7M | — |
| FY23 | — | -$1.03 | — | — | $53.7M | — |
| FY22 | — | -$0.84 | — | — | $50.4M | — |
| FY21 | — | -$1.06 |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Revenue | $31.5M | $31.8M | $37.9M | $50.4M | $53.7M | $57.7M | $70.6M |
| YoY change | — | +0.99% | +19% | +33% | +6.53% | +7.56% | +22.3% |
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 |
|---|
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Revenue | 31.5M | 31.8M | 37.9M | 50.4M | 53.7M | 57.7M | 70.6M |
| Cost of revenue | 1.9M | 1.5M | 3.7M | 4.3M | 5.1M | 6M | 6.9M |
| Gross profit | 29.6M | 30.3M | 34.1M | 46.1M | 48.6M | 51.8M | 63.7M |
| Gross margin | 94.1% | 95.3% | 90.1% | 91.5% | 90.5% | 89.7% | 90.2% |
| Research & development | 10.1M | 17M | 30.8M | 41.2M | 45.1M | 45M | 49.9M |
| Selling, general & administrative | 12.3M | 17.1M | 25.1M | 33.8M | 38.6M | 38.4M | 46.9M |
| Operating expenses | 22.4M | 34.1M | 55.9M | 75M | 83.7M | 83.4M | 96.8M |
| Operating income | 7.3M | -3.8M | -21.8M | -28.9M | -35.1M | -31.6M | -33.1M |
| Operating margin | 23.1% | -11.9% | -57.5% | -57.3% | -65.5% | -54.7% | -47% |
| Non-operating income, net | — | 1.6M | 10K | 1.4M | 3.6M | 3.4M | 2.9M |
| Pretax income | 7M | -2.2M | -22.3M | -27.5M | -31.8M | -28.4M | -30.5M |
| Income tax | 1.1M | 1M | 1M | -417K | 1.7M | 2.5M | 1.5M |
| Net income | 5.8M | -3.3M | -23.4M | -27.4M | -36.9M | -33.6M | -34.7M |
| Net margin | 18.5% | -10.2% | -61.8% | -54.4% | -68.7% | -58.3% | -49.2% |
| EBITDA | 8M | -2.8M | -20.3M | -25.3M | -28.5M | -24.8M | -26.9M |
| EPS | 0.21 | -0.14 | -1.06 | -0.84 | -1.03 | -0.86 | -0.82 |
| Diluted EPS | 0.21 | -0.14 | -1.06 | -0.84 | -1.03 | -0.86 | -0.82 |
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 | 13.3M | 12.5M | 12.9M | 14.6M | 14.7M | 15.5M | 16.5M | 16.5M | 17.4M | 20.1M | 22.9M | 24.1M |
| Cost of revenue | 1.3M | 1.4M | 1.5M | 1.5M | 1.5M | 1.6M | 1.5M | 1.7M | 1.8M | 1.9M | 3.3M | 3.6M |
| Gross profit | 12M | 11.1M | 11.5M | 13.1M | 13.3M | 13.9M | 15M | 14.8M | 15.6M | 18.3M | 19.7M | 20.5M |
| Gross margin | 90.4% | 88.4% | 88.7% | 90% | 90.1% | 89.8% | 90.8% | 89.4% | 89.9% | 90.8% | 85.8% | 85.1% |
| Research & development | 11M | 10.7M | 10.8M | 10.7M | 11.9M | 11.5M | 11.9M | 12.2M | 12.6M | 13.2M | 14.5M | 16.8M |
| Selling, general & administrative | 9.4M | 9.6M | 9.8M | 9.8M | 9.2M | 9.5M | 10.9M | 10.8M | 11.7M | 13.5M | 13.9M | 15.5M |
| Operating expenses | 20.4M | 20.3M | 20.6M | 20.6M | 21.2M | 21M | 22.7M | 23M | 24.4M | 26.7M | 28.4M | 32.2M |
| Operating income | -8.5M | -9.2M | -9.1M | -7.4M | -7.9M | -7.1M | -7.7M | -8.2M | -8.7M | -8.5M | -8.7M | -11.7M |
| Operating margin | -63.7% | -74% | -70.5% | -51.1% | -53.8% | -45.9% | -46.6% | -50% | -50.1% | -42% | -38% | -48.5% |
| Non-operating income, net | 898K | 917K | 936K | 865K | 775K | 824K | 718K | 786K | 636K | 732K | 86K | -1.6M |
| Pretax income | -7.6M | -8.4M | -8.3M | -6.6M | -7.2M | -6.3M | -7M | -7.5M | -8.1M | -7.8M | -8.7M | -13.4M |
| Income tax | -398K | 1.2M | 370K | 975K | -92K | 1.2M | 268K | 846K | 380K | -19K | -3.7M | 697K |
| Net income | -8.2M | -10.5M | -9.4M | -8.3M | -7.7M | -8.2M | -8.1M | -9.1M | -9M | -8.5M | -8M | -14.1M |
| Net margin | -61.4% | -84.3% | -72.6% | -57.2% | -52.2% | -53% | -49.1% | -55.3% | -51.6% | -42.2% | -34.7% | -58.3% |
| EBITDA | -6.6M | -7.5M | -7.4M | -5.8M | -6.3M | -5.4M | -6.1M | -6.6M | -7.2M | -6.9M | -6.7M | -9.6M |
| EPS | -0.23 | — | -0.25 | -0.22 | -0.2 | -0.2 | -0.2 | -0.22 | -0.21 | -0.19 | -0.17 | -0.3 |
| Diluted EPS | -0.23 | — | -0.25 | -0.22 | -0.2 | -0.2 | -0.2 | -0.22 | -0.21 | -0.19 | -0.17 | -0.3 |
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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Market cap | — | — | — | — | — | — | — | 1.1B |
| Enterprise value | — | — | — | — | — | — | — | 1.1B |
| Shares outstanding | 22M | 23.8M | 22M | 32.6M | 35.7M | 38.9M | 42.3M | 42.3M |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | -28.2 |
| P/S | — | — | — | — | — | — | — | 13.9 |
| P/B | — | — | — | — | — | — | — | 17.3 |
| EV/EBITDA | — | — | — | — | — | — | — | -32.1 |
| EV/Sales | — | — | — | — | — | — | — | 12.5 |
| Earnings yield | — | — | — | — | — | — | — | -3.55% |
| FCF yield | — | — | — | — | — | — | — | 2.73% |
| PEG | — | — | — | — | — | — | — | -0.78 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Gross margin | 94.1% | 95.3% | 90.1% | 91.5% | 90.5% | 89.7% | 90.2% | 85.1% |
| Operating margin | 23.1% | -11.9% | -57.5% | -57.3% | -65.5% | -54.7% | -47% | -48.5% |
| Net margin | 18.5% | -10.2% | -61.8% | -54.4% | -68.7% | -58.3% | -49.2% | -46.7% |
| ROE | -61.9% | 27.1% | -44.2% | -73% | -244.1% | 2.8K% | 237.5% | -131.4% |
| ROA | 21.8% | -7.63% | -19.4% | -23.7% | -35.9% | -31.7% | -30.2% | -14.2% |
| ROIC | -31.2% | 19.9% | 75% | 106.9% | 191.9% | 80.9% | 52.4% | 82.2% |
| Return on tangible assets | 21.8% | -10.7% | -21.4% | -28% | -42.5% | -36.7% | -34% | -33.9% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Current ratio | 1.19 | 1.03 | 2.51 | 1.86 | 1.26 | 1.17 | 1.13 | 1.57 |
| Quick ratio | 1.19 | 1.03 | 2.51 | 1.86 | 1.26 | 1.17 | 1.13 | 1.57 |
| Debt / equity | -0.41 | -0.4 | 0.07 | 0.1 | 0.51 | -5.04 | -0.41 | 0.13 |
| Debt / assets | 0.14 | 0.11 | 0.03 | 0.03 | 0.08 | 0.06 | 0.05 | 0.04 |
| Net debt / EBITDA | -1.26 | 2.45 | 4.04 | 2.55 | 1.17 | 1.52 | 1.81 | 3.73 |
| Interest coverage | 25.1 | -43.7 | -37.6 | -308.2 | -149.7 | -115.6 | -156.8 | -220.9 |
| Effective tax rate | 16.4% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Revenue per share | 1.43 | 1.34 | 1.72 | 1.55 | 1.5 | 1.48 | 1.67 | 1.89 |
| EPS (basic) | 0.21 | -0.14 | -1.06 | -0.84 | -1.03 | -0.86 | -0.82 | -0.82 |
| EPS (diluted) | 0.21 | -0.14 | -1.06 | -0.84 | -1.03 | -0.86 | -0.82 | -0.87 |
| Book value per share | -0.43 | -0.5 | 2.41 | 1.15 | 0.42 | -0.03 | -0.35 | 1.38 |
| FCF per share | 0.54 | 0.06 | -0.07 | -0.24 | -0.48 | -0.03 | 0.13 | 0.14 |
| Cash per share | 0.63 | 0.49 | 3.91 | 2.09 | 1.15 | 1.13 | 1.29 | 2.48 |
| Capex per share | 0.01 | 0.03 | 0.04 | 0.03 | 0.04 | 0.01 | — | — |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Capex / revenue | 0.77% | 2.06% | 2.13% | 2.09% | 2.8% | 0.56% | — | — |
| Capex / operating cash flow | 2.06% | 19.7% | 129.1% | -13.9% | -7.69% | -6.62% | — | — |
| Payout ratio | — | — | — | — | — | — | — | 0% |
| — |
| — |
| $37.9M |
| — |
| FY20 | — | -$0.14 | — | — | $31.8M | — |
| FY19 | — | $0.21 | — | — | $31.5M | — |
| Q1 24 |
|---|
| Q2 24 |
|---|
| Q3 24 |
|---|
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $13.3M | $12.5M | $12.9M | $14.6M | $14.7M | $15.5M | $16.5M | $16.5M | $17.4M | $20.1M | $22.9M | $24.1M |
| YoY change | +5.37% | +11.6% | -1.57% | -1.08% | +10.8% | +23.9% | +27.7% | +13.2% | +18.3% | +30% | +38.7% | +46.2% |
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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 13.9M | 11.7M | 85.8M | 68.2M | 41.2M | 43.8M | 54.6M |
| Receivables | 6.3M | 13.9M | 13.7M | 6.6M | 11.1M | 19.4M | 17.5M |
| Inventory | — | — | — | — | — | — | — |
| Total current assets | 22.8M | 29M | 106.6M | 81.1M | 58.4M | 69.1M | 82.4M |
| Property, plant & equipment | 2.9M | 5.1M | 5.2M | 5.5M | 10M | 7.9M | 7.8M |
| Goodwill & intangibles | 0 | 12.2M | 11.3M | 17.6M | 16.1M | 14.4M | 12.7M |
| Total assets | 26.8M | 42.7M | 120.4M | 115.5M | 102.8M | 106.1M | 115M |
| Accounts payable | 702K | 1.1M | 1.7M | 572K | 183K | 539K | 340K |
| Short-term debt | 1.5M | 2M | 1.8M | 2.2M | 2.9M | 2.4M | 2.4M |
| Total current liabilities | 19.2M | 28.2M | 42.5M | 43.7M | 46.4M | 59.3M | 73.2M |
| Long-term debt | 2.4M | 2.8M | 2.1M | 1.5M | 4.9M | 3.6M | 3.6M |
| Total liabilities | 36.3M | 54.7M | 67.5M | 78M | 87.7M | 107.3M | 129.7M |
| Shareholders' equity | -9.4M | -12M | 52.9M | 37.5M | 15.1M | -1.2M | -14.6M |
| Total debt | 3.8M | 4.8M | 3.9M | 3.6M | 7.8M | 6M | 6M |
| Net debt | -10.1M | -7M | -81.9M | -33.8M | -5.9M | -7.7M | -27.9M |
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 | 46.4M | 41.2M | 44.8M | 45.8M | 48.7M | 43.8M | 42.3M | 38M | 39M | 54.6M | 38.1M | 122.1M |
| Receivables | 10.4M | 11.1M | 12.3M | 8.9M | 8.7M | 19.4M | 10.3M | 18.8M | 16.5M | 17.5M | 14.7M | 15.2M |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 62M | 58.4M | 61.8M | 58.9M | 62.8M | 69.1M | 57.4M | 61.5M | 61M | 82.4M | 61.5M | 146.3M |
| Property, plant & equipment | 7M | 10M | 9.3M | 8.5M | 8.1M | 7.9M | 7.8M | 8.7M | 8.7M | 7.8M | 8.8M | 10.9M |
| Goodwill & intangibles | 16.5M | 16.1M | 15.7M | 15.3M | 14.8M | 14.4M | 14M | 13.5M | 13.1M | 12.7M | 109.5M | 108.1M |
| Total assets | 102.2M | 102.8M | 101.4M | 96.4M | 97.7M | 106.1M | 98.3M | 106.9M | 107.7M | 115M | 139.9M | 224.7M |
| Accounts payable | 445K | 183K | 754K | 340K | 141K | 539K | 227K | 856K | 517K | 340K | 563K | 558K |
| Short-term debt | 2.2M | 2.9M | 2.8M | 2.7M | 2.1M | 2.4M | 2.4M | 3.1M | 2.8M | 2.4M | 2.2M | 2.8M |
| Total current liabilities | 44.5M | 46.4M | 49.8M | 51.7M | 54.2M | 59.3M | 56.5M | 62.6M | 66.8M | 73.2M | 84.5M | 93.3M |
| Long-term debt | 2.4M | 4.9M | 4.4M | 4M | 4M | 3.6M | 3.9M | 4.3M | 4.1M | 3.6M | 4.5M | 5.9M |
| Total liabilities | 80.1M | 87.7M | 91.8M | 91.1M | 95.5M | 107.3M | 103.1M | 114.4M | 119.2M | 129.7M | 137.3M | 157M |
| Shareholders' equity | 22M | 15.1M | 9.5M | 5.3M | 2.2M | -1.2M | -4.8M | -7.5M | -11.4M | -14.6M | 2.6M | 67.7M |
| Total debt | 4.6M | 7.8M | 7.3M | 6.7M | 6.1M | 6M | 6.3M | 7.4M | 6.9M | 6M | 6.7M | 8.7M |
| Net debt | -14M | -5.9M | -18.8M | -15.4M | -11.7M | -7.7M | -10.1M | -8.7M | -10.6M | -27.9M | -4.9M | -84.6M |
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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Net income | 5.8M | -3.3M | -23.4M | -27.4M | -36.9M | -33.6M | -34.7M |
| Depreciation & amortization | 756K | 935K | 1.5M | 2.1M | 3.1M | 3.4M | 3.4M |
| Stock-based compensation | 277K | 458K | 5.5M | 11.7M | 14.5M | 15.9M | 18.4M |
| Change in working capital | 4.9M | 4.6M | 17.1M | 6.9M | 783K | 10.6M | 21M |
| Operating cash flow | 11.8M | 3.3M | 626K | -7.6M | -19.5M | -4.9M | 6.7M |
| Capital expenditure | -242K | -654K | -808K | -1.1M | -1.5M | -324K | — |
| Investing cash flow | -242K | -5.1M | -1.4M | -37.5M | -4.7M | 970K | 13.4M |
| Dividends paid | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — |
| Financing cash flow | -1.1M | 554K | 75.7M | -5M | -3.4M | -1.7M | -1.4M |
| Net change in cash | 10.4M | -1.3M | 74.9M | -50.1M | -27.6M | -5.6M | 18.7M |
| Free cash flow | 12M | 1.5M | -1.6M | -7.8M | -17.2M | -1M | 5.3M |
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 | -8.2M | -10.5M | -9.4M | -8.3M | -7.7M | -8.2M | -8.1M | -9.1M | -9M | -8.5M | -8M | -14.1M |
| Depreciation & amortization | 965K | 829K | 833K | 797K | 844K | 888K | 844K | 845K | 843K | 844K | 1.3M | 1.5M |
| Stock-based compensation | 3.7M | 3.6M | 3.7M | 3.8M | 4.4M | 4.1M | 4.3M | 4.5M | 5M | 4.6M | 5.5M | 6.3M |
| Change in working capital | -1.5M | 2.4M | 3.7M | 4.3M | 4.1M | -1.4M | 8.1M | 366K | 5.8M | 6.7M | 2.7M | 12M |
| Operating cash flow | -5.3M | -3.9M | -1.5M | 164K | 1.4M | -5M | 5.1M | -2.5M | 3.2M | 3.2M | -7.1M | 9.2M |
| Capital expenditure | -340K | -428K | -196K | -47K | -31K | -50K | -183K | — | — | — | — | — |
| Investing cash flow | -3.7M | -1.4M | 11.9M | -4.4M | -4.6M | -1.9M | -121K | 1.1M | -915K | 13.2M | -15.8M | 223K |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | -1.3M | -614K | -197K | -288K | -953K | -311K | -200K | -331K | -252K | -648K | 533K | 71.4M |
| Net change in cash | -10.2M | -5.9M | 10.2M | -4.5M | -4.2M | -7.3M | 4.7M | -1.8M | 2M | 15.7M | -22.3M | 80.9M |
| Free cash flow | -3.1M | -3.4M | 281K | 264K | 1.1M | -2.7M | 2.7M | -2.8M | 2.5M | 3M | -7.4M | 8.6M |