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 | -$0.39 | -$0.25 | +35.9% | — | $5.1M | — |
| Q1 26 | -$0.28 | -$0.05 | +82.1% | — | $4.2M | — |
| Q3 25 | -$0.1 | -$0.15 | -50.0% | — | $4.9M | — |
| Q2 25 | -$0.11 | -$1.03 | -836.4% | — | $1.2M | — |
| Q1 25 | -$0.1 | -$0.12 | -20.0% | — | $1.1M | — |
| Q4 24 | -$0.09 | -$0.13 | -44.4% | — | $1.2M | — |
| Q3 24 | -$0.09 | -$0.12 | -33.3% | — | $1.1M | — |
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 | — | -$2.11 | — | — | $23.8M | — |
| FY24 | — | -$0.63 | — | — | $4.1M | — |
| FY23 | — | -$0.49 | — | — | $433K | — |
| FY22 | — | -$0.18 | — | — | $0 | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Revenue | $0 | $433K | $4.1M | $23.8M |
| YoY change | — | +InfinityT% | +857% | +475.5% |
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 | Q4 25 | Q1 26 | Q2 26 |
|---|
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Revenue | 0 | 433K | 4.1M | 23.8M |
| Cost of revenue | 0 | 294.1K | 2.5M | 20.4M |
| Gross profit | 0 | 139K | 1.6M | 3.4M |
| Gross margin | — | 32.1% | 38.6% | 14.3% |
| Research & development | 1.3M | 764.6K | 3.1M | 12.4M |
| Selling, general & administrative | 3.8M | 15.4M | 24.8M | 48.2M |
| Operating expenses | 5.1M | 16.2M | 28M | 60.6M |
| Operating income | -5.1M | -16M | -26.4M | -57.2M |
| Operating margin | — | -3.7K% | -635.9% | -239.8% |
| Non-operating income, net | 150.5K | -148.8K | -6.9M | -108.6M |
| Pretax income | -4.9M | -16.3M | -32.3M | -159.6M |
| Income tax | 0 | -6.1K | 111.4K | 282K |
| Net income | -4.9M | -16.3M | -32.4M | -159.8M |
| Net margin | — | -3.8K% | -782.4% | -670.2% |
| EBITDA | -4.9M | -16.2M | -31.7M | -172.2M |
| EPS | -0.18 | -0.49 | -0.63 | -2.11 |
| Diluted EPS | -0.18 | -0.49 | -0.63 | -2.11 |
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 | 433K | 840.4K | 1M | 1.1M | 1.2M | 1.1M | 1.2M | 4.9M | 16.7M | 4.2M | 5.1M |
| Cost of revenue | 0 | — | 561.5K | 601.3K | 793.7K | 588.1K | 774.8K | 626.2K | 4.5M | 14.6M | 2.5M | 3.6M |
| Gross profit | 0 | — | 278.9K | 421K | 294K | 605.7K | 326.8K | 572.1K | 423.2K | 2.1M | 1.7M | 1.5M |
| Gross margin | — | — | 33.2% | 41.2% | 27% | 50.7% | 29.7% | 47.7% | 8.65% | 12.5% | 39.9% | 28.9% |
| Research & development | 239.2K | 65.2K | 215.1K | 473.3K | 1M | 1.4M | 1.5M | 879.9K | 3.1M | 6.8M | 5.3M | 6.8M |
| Selling, general & administrative | 3.7M | 4.1M | 5.9M | 7.4M | 4.7M | 6.8M | 6.7M | 11.7M | 12.3M | 17.5M | 21.3M | 28.9M |
| Operating expenses | 3.9M | 4.2M | 6.1M | 7.9M | 5.7M | 8.3M | 8.3M | 12.5M | 15.4M | 24.4M | 26.6M | 35.7M |
| Operating income | -3.9M | -4M | -5.8M | -7.5M | -5.4M | -7.6M | -8M | -12M | -15M | -22.3M | -24.9M | -34.2M |
| Operating margin | — | -929.1% | -691.9% | -729.5% | -499.6% | -640.6% | -721.9% | -998.8% | -306.1% | -133.9% | -595.4% | -667.5% |
| Non-operating income, net | -279.4K | -38.8K | -1.2M | -1.4M | -2.4M | -1.9M | -1M | -63.9M | 448.9K | -44.1M | -3.2M | -832K |
| Pretax income | -4.2M | -4.2M | -7M | -8.9M | -7.4M | -9.1M | -8.5M | -75.1M | -12.8M | -63.1M | -26.7M | -34.1M |
| Income tax | 0 | — | -47.6K | 13.8K | -8.4K | 153.7K | -70.7K | 95.2K | 73.6K | 183.9K | -31K | -97K |
| Net income | -4.2M | -4.2M | -7M | -8.9M | -7.4M | -9.2M | -8.5M | -75.2M | -12.9M | -63.3M | -7.1M | -34M |
| Net margin | — | -963% | -828.8% | -868.8% | -676.2% | -772.4% | -768.1% | -6.3K% | -263.7% | -380.1% | -170.4% | -663.5% |
| EBITDA | -4.2M | -4.2M | -6.9M | -8.7M | -7M | -9.1M | -8.2M | -74.4M | -12.3M | -77.2M | -19.4M | -33.7M |
| EPS | -0.14 | — | -0.16 | -0.24 | -0.12 | — | -0.12 | -1.03 | -0.15 | — | -0.06 | -0.27 |
| Diluted EPS | -0.14 | — | -0.16 | -0.24 | -0.12 | — | -0.12 | -1.03 | -0.15 | — | -0.06 | -0.27 |
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 | — | 42.3M | — | — | — | 398.6M |
| Enterprise value | — | 40.8M | — | — | — | 473.2M |
| Shares outstanding | — | 26.8M | 33.1M | 55.7M | 83M | 83M |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | -1.23 |
| P/S | — | — | — | — | — | 12.9 |
| P/B | — | 4.31 | — | — | — | 1.28 |
| EV/EBITDA | — | -8.24 | — | — | — | -5.17 |
| EV/Sales | — | — | — | — | — | 15.3 |
| Earnings yield | — | — | — | — | — | -81.3% |
| FCF yield | — | -17.5% | — | — | — | -7.17% |
| PEG | — | — | — | — | — | 0.02 |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Gross margin | — | — | 32.1% | 38.6% | 14.3% | 28.9% |
| Operating margin | — | — | -3.7K% | -635.9% | -239.8% | -667.5% |
| Net margin | — | — | -3.8K% | -782.4% | -670.2% | 14.3% |
| ROE | — | -50.4% | -86.5% | -63.4% | -60.8% | -90.3% |
| ROA | — | -39.6% | -59.2% | -34.4% | -32.1% | -17% |
| ROIC | — | -61.8% | -122.8% | -97.5% | -39.3% | -33.3% |
| Return on tangible assets | — | -39.6% | -77.6% | -36.8% | -33.4% | -21% |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Current ratio | — | 1.71 | 1.85 | 9.31 | 12.2 | 3.87 |
| Quick ratio | — | 1.71 | 1.85 | 9.31 | 12.2 | 3.85 |
| Debt / equity | — | 0.08 | 0.11 | 0.74 | 0.82 | 0.98 |
| Debt / assets | — | 0.07 | 0.08 | 0.4 | 0.43 | 0.47 |
| Net debt / EBITDA | — | 0.32 | 0.36 | 0.76 | 0.68 | -0.1 |
| Interest coverage | — | — | -136.5 | -123.8 | -276.5 | -34 |
| Effective tax rate | — | 0% | 0% | 0% | 0% | 0% |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Revenue per share | — | 0 | 0.01 | 0.07 | 0.29 | 0.28 |
| EPS (basic) | — | -0.18 | -0.49 | -0.63 | -2.11 | -2.11 |
| EPS (diluted) | — | -0.18 | -0.49 | -0.63 | -2.11 | -1.44 |
| Book value per share | — | 0.37 | 0.57 | 0.92 | 3.17 | 2.03 |
| FCF per share | — | -0.28 | -0.23 | -0.5 | -0.57 | -0.68 |
| Cash per share | — | 0.09 | 0.24 | 1.11 | 4.02 | 1.66 |
| Capex per share | — | 0.17 | 0.07 | 0.2 | — | — |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Capex / revenue | — | — | 538.4% | 274.4% | — | — |
| Capex / operating cash flow | — | -183.6% | -39.7% | -48.8% | — | — |
| Payout ratio | — | — | — | — | — | 0% |
| Revenue | $0 | $433K | $840.4K | $1M | $1.1M | $1.2M | $1.1M | $1.2M | $4.9M | $16.7M | $4.2M | $5.1M |
| YoY change | 0% | +InfinityT% | +InfinityT% | +InfinityT% | +InfinityT% | +175.7% | +31.1% | +17.2% | +349.5% | +1.3K% | +279.4% | +327.5% |
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 | 3M | 2.4M | 7.9M | 61.9M | 333.3M |
| Receivables | — | 0 | 216.5K | 706.9K | 17.9M |
| Inventory | — | — | — | 65.7K | 1.1M |
| Total current assets | 3.2M | 3.3M | 10.5M | 65.7M | 399.9M |
| Property, plant & equipment | 3.9M | 9.1M | 12M | 23.5M | 35M |
| Goodwill & intangibles | — | 0 | 6.5M | 6.3M | 20.1M |
| Total assets | 7.1M | 12.5M | 27.5M | 94.3M | 498M |
| Accounts payable | 59.7K | 1.4M | 1.1M | 1M | 5.8M |
| Short-term debt | 85K | 79.8K | 868.9K | 1.6M | 13.6M |
| Total current liabilities | 303.4K | 1.9M | 5.7M | 7.1M | 32.7M |
| Long-term debt | 841.6K | 742.4K | 1.3M | 36.1M | 202.3M |
| Total liabilities | 1.1M | 2.7M | 8.7M | 43.2M | 235.1M |
| Shareholders' equity | 6M | 9.8M | 18.8M | 51.2M | 262.9M |
| Total debt | 926.6K | 822.2K | 2.1M | 37.7M | 216M |
| Net debt | -2M | -1.6M | -5.8M | -24.1M | -69.6M |
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 | 2.3M | 7.9M | 23.9M | 28.3M | 51.6M | 61.9M | 56M | 67.7M | 113.9M | 333.3M | 290.5M | 254.9M |
| Receivables | — | 216.5K | 354.1K | 515.5K | 560.4K | 706.9K | 692.2K | 649.5K | 17.4M | 17.9M | 2.4M | 3M |
| Inventory | — | — | — | — | 84.9K | 65.7K | 342.7K | 1M | 1.4M | 1.1M | 1.4M | 1.5M |
| Total current assets | 2.7M | 10.5M | 26.2M | 32.1M | 56.1M | 65.7M | 59M | 101.6M | 174M | 399.9M | 308.7M | 272.2M |
| Property, plant & equipment | 9M | 12M | 15.8M | 19.2M | 24.3M | 23.5M | 26.4M | 28.6M | 31.9M | 35M | 224.9M | 240.7M |
| Goodwill & intangibles | — | 6.5M | 6.3M | 6.6M | 6.9M | 6.3M | 6.5M | 6.7M | 16.1M | 20.1M | 14.1M | 14.2M |
| Total assets | 11.9M | 27.5M | 45.4M | 54.8M | 84.1M | 94.3M | 90.9M | 135.9M | 225.9M | 498M | 587.7M | 572M |
| Accounts payable | 402K | 1.1M | 2.2M | 2.4M | 1.8M | 1M | 2M | 2.6M | 3.4M | 5.8M | 6.9M | 5.7M |
| Short-term debt | 82.8K | 868.9K | 771.8K | 694K | 1.3M | 1.6M | 1.5M | 988.9K | 13M | 13.6M | 54.2M | 55.6M |
| Total current liabilities | 2.6M | 5.7M | 7.3M | 8M | 7.4M | 7.1M | 8.2M | 6.9M | 28.3M | 32.7M | 70.4M | 70.3M |
| Long-term debt | 630.3K | 1.3M | 23.3M | 30.7M | 34.6M | 36.1M | 37M | 100.7M | 100.6M | 202.3M | 207.6M | 213.9M |
| Total liabilities | 3.2M | 8.7M | 32.4M | 40.4M | 42.1M | 43.2M | 45.1M | 107.6M | 129.3M | 235.1M | 288.7M | 297.3M |
| Shareholders' equity | 8.6M | 18.8M | 13M | 14.4M | 42M | 51.2M | 45.7M | 28.3M | 96.6M | 262.9M | 299M | 274.8M |
| Total debt | 713.1K | 2.1M | 24.1M | 31.4M | 35.9M | 37.7M | 38.4M | 101.7M | 113.7M | 216M | 261.8M | 269.5M |
| Net debt | -1.6M | -5.8M | 196.7K | 3.1M | -15.6M | -24.1M | -17.5M | 34M | -285.6K | -69.6M | 54.5M | 49.9M |
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 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Net income | -4.9M | -16.3M | -32.4M | -159.8M |
| Depreciation & amortization | 0 | 37.4K | 471.4K | 1.9M |
| Stock-based compensation | 2M | 8.7M | 8.6M | 16M |
| Change in working capital | 386.8K | 854.9K | -2.2M | -1.4M |
| Operating cash flow | -2.4M | -5.9M | -23.3M | -37.8M |
| Capital expenditure | -4.5M | -2.3M | -11.4M | — |
| Investing cash flow | -4.5M | -2.5M | -11.4M | -101.1M |
| Dividends paid | — | — | — | — |
| Share repurchases | — | — | — | — |
| Financing cash flow | 6.6M | 12.7M | 76.1M | 366.7M |
| Net change in cash | -268.2K | 4.4M | 41.4M | 227.8M |
| Free cash flow | -7.4M | -7.7M | -28.1M | -47.4M |
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 | 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 | -4.2M | -4.2M | -7M | -8.9M | -7.4M | -9.2M | -8.5M | -75.2M | -12.9M | -63.3M | -7.1M | -34.2M |
| Depreciation & amortization | 802 | 36.5K | 103.2K | 146.5K | 175.9K | 45.8K | 149K | 530K | 296.3K | 936.7K | 3.1M | 1.2M |
| Stock-based compensation | 2.1M | 2.2M | 1.7M | 2.5M | 2.1M | 2.3M | 1.9M | 4.4M | 4.5M | 5.2M | 4.4M | 4.5M |
| Change in working capital | 41.7K | 38.7K | 123.2K | -940.1K | -744.6K | -838.2K | -1M | -736.8K | 1.1M | -1.8M | -4.1M | 783K |
| Operating cash flow | -1.8M | -2M | -4.3M | -7.1M | -5.9M | -6.9M | -7.2M | -7.9M | -8.9M | -17.9M | -17.8M | -23.3M |
| Capital expenditure | -681.5K | -1.1M | -1.2M | -2.6M | -4.5M | -3M | -2.4M | — | — | — | — | — |
| Investing cash flow | -681.5K | -1.1M | -1.2M | -2.6M | -4.5M | -3M | -2.4M | — | 1.6M | -25M | -91M | -3.9M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 0 | 8.2M | 20.3M | 12.2M | 26.9M | 16.9M | -225.1K | -3.9M | 56.7M | 264.1M | -2.7M | -2.6M |
| Net change in cash | -2.5M | 5.1M | 14.8M | 2.4M | 16.5M | 7M | -9.7M | -11.8M | 49.5M | 221.2M | -111.5M | -29.9M |
| Free cash flow | -1.3M | -3.2M | -4.2M | -7.7M | -9.3M | -6.8M | -5.5M | -9.6M | -12M | -20.2M | -23.9M | -27.4M |