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 % |
|---|---|---|---|---|---|---|
| Q1 26 | -$0.45 | -$0.36 | +20.0% | — | $27.6M | — |
| Q4 25 | -$0.38 | -$0.19 | +50.0% | — | $32.1M | — |
| Q2 25 | -$0.47 | -$0.27 | +42.6% | — | $23.2M | — |
| Q1 25 | -$0.51 | -$0.93 | -82.4% | — | $17.6M | — |
| Q4 24 | -$1.22 | -$2.72 | -123.0% | — | $20.4M | — |
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 | — | -$1.81 | — | — | $100.3M | — |
| FY24 | — | -$1.28 | — | — | $65.1M | — |
| FY23 | — | -$1.45 | — | — | $12M | — |
| FY22 | — | -$2.12 | — | — | $179K | — |
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 | $179K | $12M | $65.1M | $100.3M |
| YoY change | — | +6.6K% | +442.9% | +53.9% |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | Q4 23 | Q1 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $8.3M | $12.9M |
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 | 179K | 12M | 65.1M | 100.3M |
| Cost of revenue | — | 5.7M | 29.2M | 44.7M |
| Gross profit | 179K | 6.3M | 35.9M | 55.5M |
| Gross margin | 100% | 52.6% | 55.1% | 55.4% |
| Research & development | 31.4M | 17.9M | 26.2M | 34.8M |
| Selling, general & administrative | 34.6M | 24.2M | 55M | 92.4M |
| Operating expenses | 66M | 42.2M | 81.1M | 127.2M |
| Operating income | -65.8M | -35.9M | -45.3M | -71.7M |
| Operating margin | -36.8K% | -298.9% | -69.5% | -71.5% |
| Non-operating income, net | 911K | -10M | -13.4M | -12.5M |
| Pretax income | -64.8M | -44.1M | -54.8M | -73.2M |
| Income tax | — | — | — | — |
| Net income | -64.8M | -44.1M | -54.8M | -73.2M |
| Net margin | -36.2K% | -367.6% | -84.1% | -73% |
| EBITDA | -63.6M | -23.8M | -29.6M | -56.4M |
| EPS | -2.12 | -1.45 | -1.28 | -1.81 |
| Diluted EPS | -2.12 | -1.45 | -1.28 | -1.81 |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | Q4 23 | Q1 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 8.3M | 12.9M | 16.7M | 20.4M | 17.6M | 23.2M | 27.3M | 32.1M | 27.6M | 32M |
| Cost of revenue | 3.3M | 5.7M | 7.8M | 8.8M | 8.7M | 10.7M | 12.1M | 13.2M | 11.2M | 13.1M |
| Gross profit | 5.1M | 7.2M | 8.9M | 11.7M | 9M | 12.5M | 15.1M | 18.9M | 16.4M | 18.9M |
| Gross margin | 60.6% | 55.7% | 53.4% | 57.2% | 50.9% | 53.8% | 55.5% | 59% | 59.5% | 59% |
| Research & development | 4.5M | 5.5M | 5.1M | 9.2M | 7.6M | 8.9M | 8.2M | 10.1M | 10.4M | 10.2M |
| Selling, general & administrative | 9M | 11.2M | 14.8M | 15.5M | 20M | 23.5M | 24M | 24.9M | 30.4M | 34.2M |
| Operating expenses | 13.4M | 16.7M | 19.9M | 24.7M | 27.6M | 32.4M | 32.2M | 35.1M | 40.7M | 44.5M |
| Operating income | -8.4M | -9.5M | -11M | -13M | -18.6M | -19.9M | -17M | -16.1M | -24.3M | -25.6M |
| Operating margin | -100.2% | -73.1% | -65.7% | -63.8% | -105.7% | -85.5% | -62.5% | -50.2% | -87.9% | -79.9% |
| Non-operating income, net | -11.7M | -4.1M | 417K | -6M | -12.4M | -2K | — | -1K | — | -2K |
| Pretax income | -18.8M | -12.4M | -9.7M | -18.1M | -28.7M | -16.9M | -14.2M | -13.5M | -21.9M | -23.4M |
| Income tax | — | — | — | — | — | — | — | — | — | — |
| Net income | -18.8M | -12.4M | -9.7M | -18.1M | -28.7M | -16.9M | -14.2M | -13.5M | -21.9M | -23.4M |
| Net margin | -225.7% | -96.3% | -58.3% | -88.6% | -162.5% | -72.6% | -52.1% | -41.9% | -79.3% | -73.1% |
| EBITDA | -6.6M | -4.8M | -15.2M | -2.1M | -5.6M | -19.2M | -16.4M | -11M | -23.3M | -24.5M |
| EPS | — | -0.41 | — | -0.42 | -0.93 | -0.39 | -0.33 | -0.3 | -0.49 | -0.53 |
| Diluted EPS | — | -0.41 | — | -0.42 | -0.93 | -0.39 | -0.33 | -0.3 | -0.49 | -0.53 |
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 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|
| Market cap | — | — | — | 1.2B | 1.1B |
| Enterprise value | — | — | — | 1B | 793.8M |
| Shares outstanding | 30.5M | 30.5M | 42.9M | 40.5M | 40.5M |
| Metric | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|
| P/E | — | — | — | — | -11.3 |
| P/S | — | — | — | 12.3 | 9.2 |
| P/B | — | — | — | 4.29 | 3.56 |
| EV/EBITDA | — | — | — | -18.2 | -9.82 |
| EV/Sales | — | — | — | 10.2 | 6.67 |
| Earnings yield | — | — | — | — | -8.82% |
| FCF yield | — | — | — | -4.55% | -3.64% |
| PEG | — | — | — | — | -0.32 |
| Metric | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|
| Gross margin | 100% | 52.6% | 55.1% | 55.4% | 59% |
| Operating margin | -36.8K% | -298.9% | -69.5% | -71.5% | -79.9% |
| Net margin | -36.2K% | -367.6% | -84.1% | -73% | -61.3% |
| ROE | 38.1% | 21.7% | 22.3% | -25.5% | -26.2% |
| ROA | -182.3% | -40.1% | -36.6% | -22.3% | -16.7% |
| Return on tangible assets | -182.3% | -40.1% | -36.6% | -22.3% | -25% |
| Metric | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|
| Current ratio | 3.21 | 9.77 | 6.29 | 8.66 | 8.88 |
| Quick ratio | 3.21 | 9.65 | 5.66 | 7.96 | 7.96 |
| Debt / equity | -0.02 | -0.02 | -0.03 | 0.03 | 0.03 |
| Debt / assets | 0.12 | 0.04 | 0.05 | 0.02 | 0.02 |
| Net debt / EBITDA | 0.37 | 3.89 | 3.26 | 3.76 | 2.32 |
| Interest coverage | -4.6K | -527.2 | — | — | — |
| Metric | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|
| Revenue per share | 0.01 | 0.39 | 1.52 | 2.47 | 2.69 |
| EPS (basic) | -2.12 | -1.45 | -1.28 | -1.81 | -1.81 |
| EPS (diluted) | -2.12 | -1.45 | -1.28 | -1.81 | -1.6 |
| Book value per share | -5.58 | -6.66 | -5.72 | 7.1 | 5.7 |
| FCF per share | -2 | -1.08 | -1.21 | -1.39 | -1.38 |
| Cash per share | 0.91 | 3.17 | 2.42 | 5.41 | 4.01 |
| Capex per share | 0.03 | 0.01 | 0.08 | — | — |
| Metric | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|
| Capex / revenue | 429.6% | 3.32% | 5.14% | — | — |
| Capex / operating cash flow | -1.34% | -0.92% | -5.38% | — | — |
| Payout ratio | — | — | — | — | 0% |
| $16.7M |
| $20.4M |
| $17.6M |
| $23.2M |
| $27.3M |
| $32.1M |
| $27.6M |
| $32M |
| YoY change | — | — | — | +144.8% | +36.4% | — | +63.1% | +57.1% | +56.6% | +37.8% |
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 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Cash & short-term investments | 27.7M | 96.7M | 103.6M | 219.1M |
| Receivables | 0 | 4.4M | 12M | 17.1M |
| Inventory | 0 | 1.2M | 13.3M | 21.7M |
| Total current assets | 28.5M | 103.6M | 132.9M | 267.9M |
| Property, plant & equipment | 6.9M | 6.2M | 11.4M | 15.2M |
| Goodwill & intangibles | — | — | — | — |
| Total assets | 35.5M | 110M | 149.6M | 328.7M |
| Accounts payable | 430K | 1.2M | 2.9M | 5M |
| Short-term debt | 976K | 1.2M | 1.5M | 1.9M |
| Total current liabilities | 8.9M | 10.6M | 21.1M | 30.9M |
| Long-term debt | 3.2M | 3M | 5.7M | 5.4M |
| Total liabilities | 205.6M | 313.1M | 395M | 41.1M |
| Shareholders' equity | -170M | -203.1M | -245.4M | 287.6M |
| Total debt | 4.1M | 4.2M | 7.3M | 7.3M |
| Net debt | -23.5M | -22.3M | -23.2M | -24.3M |
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 | Q4 23 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 96.7M | 60.9M | 103.6M | 231.5M | 249.7M | 228.7M | 219.1M | 199.5M | 180.5M |
| Receivables | 4.4M | 7.5M | 12M | 11M | 13.4M | 11.5M | 17.1M | 15.8M | 18.1M |
| Inventory | 1.2M | 11.3M | 13.3M | 15.7M | 17.3M | 20.4M | 21.7M | 23.7M | 23.9M |
| Total current assets | 103.6M | 82.6M | 132.9M | 261.9M | 286.1M | 270M | 267.9M | 248M | 231M |
| Property, plant & equipment | 6.2M | 11M | 11.4M | 11.9M | 12.5M | 14.4M | 15.2M | 16.4M | 16.6M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — |
| Total assets | 110M | 96.9M | 149.6M | 338M | 330M | 330M | 328.7M | 304.4M | 292.4M |
| Accounts payable | 1.2M | 2.8M | 2.9M | 3.5M | 3.4M | 4.5M | 5M | 2.3M | 5.4M |
| Short-term debt | 1.2M | 1.4M | 1.5M | 1.5M | 1.5M | 2M | 1.9M | 1.8M | 1.6M |
| Total current liabilities | 10.6M | 17.9M | 21.1M | 16.5M | 19.5M | 25.4M | 30.9M | 23.2M | 26M |
| Long-term debt | 3M | 5.9M | 5.7M | 5.5M | 5.2M | 5.7M | 5.4M | 5.1M | 4.9M |
| Total liabilities | 313.1M | 325.8M | 395M | 24.3M | 28.3M | 35.3M | 41.1M | 33.2M | 36M |
| Shareholders' equity | -203.1M | -228.8M | -245.4M | 313.8M | 301.6M | 294.8M | 287.6M | 271.2M | 256.4M |
| Total debt | 4.2M | 7.3M | 7.3M | 7M | 6.7M | 7.7M | 7.3M | 6.9M | 6.5M |
| Net debt | -22.3M | -10.2M | -23.2M | -35.5M | -28.4M | -30.8M | -24.3M | -23.3M | -37.8M |
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 | -64.8M | -44.1M | -54.8M | -73.2M |
| Depreciation & amortization | 2.1M | 2.1M | 2.3M | 2.9M |
| Stock-based compensation | 6.1M | 5.7M | 6.4M | 16.4M |
| Change in working capital | -902K | -6.7M | -16.1M | -10.6M |
| Operating cash flow | -57.5M | -43.1M | -62.2M | -50.9M |
| Capital expenditure | -769K | -398K | -3.3M | — |
| Investing cash flow | -769K | -69.7M | -3.5M | -157.5M |
| Dividends paid | — | — | — | — |
| Share repurchases | — | — | — | — |
| Financing cash flow | 56.4M | 101M | 55.5M | 210.1M |
| Net change in cash | -1.8M | -11.8M | -10.2M | 1.7M |
| Free cash flow | -61M | -32.8M | -51.7M | -56.2M |
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 | Q4 23 | Q1 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -18.8M | -12.4M | -9.7M | -18.1M | -28.7M | -16.9M | -14.2M | -13.5M | -21.9M | -23.4M |
| Depreciation & amortization | 544K | 563K | 615K | 529K | 604K | 653K | 683K | 935K | 987K | 1.1M |
| Stock-based compensation | 1.6M | 1.4M | 2M | 1.6M | 2.8M | 4.8M | 4.5M | 4.3M | 5.4M | 7M |
| Change in working capital | -2.8M | -3.6M | -1.8M | -5.7M | 421K | -2.2M | -2M | -6.8M | -3.9M | 320K |
| Operating cash flow | -19.5M | -14.1M | -8.9M | -21.7M | -24.8M | -13.6M | -8.7M | -8.6M | -23.8M | -14.6M |
| Capital expenditure | -313K | -356K | -1.9M | -561K | -333K | — | — | — | — | — |
| Investing cash flow | -69.6M | 7.6M | 15.2M | -29.7M | -179.1M | 8M | 10.8M | 2.6M | 23.2M | 28M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 0 | 0 | -1.2M | 56.9M | 211M | 0 | 0 | -904K | 0 | 0 |
| Net change in cash | -89.1M | -6.5M | 5.1M | 5.5M | 7.1M | -5.6M | 2M | -7M | -616K | 13.3M |
| Free cash flow | -6.7M | -12.6M | -11.5M | -14.8M | -20.3M | -15.4M | -10M | -10.5M | -25.2M | -15.7M |