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 | -$0.9 | -$0.71 | +21.1% | — | $26.9M | — |
| Q1 26 | -$1.1 | -$0.81 | +26.4% | — | $25.6M | — |
| Q4 25 | -$0.87 | -$0.49 | +43.7% | — | $28.8M | — |
| Q3 25 | -$1.51 | -$1.16 | +23.2% | — | $21.8M | — |
| Q2 25 | -$1.37 | -$1.6 | -16.8% | — | $20M | — |
| Q1 25 | -$1.4 | -$1.6 | -14.3% | — | $18M | — |
| Q4 24 | -$1.33 | -$1.2 | +9.8% | — | $20.4M | — |
| Q3 24 | -$1.52 | -$1.4 | +7.9% | — | $18.2M | — |
| Q2 24 | -$1.84 | -$1.6 | +13.0% | — | $17.9M | — |
| Q1 24 | -$2.87 | -$2.8 | +2.4% | — | $14.8M | — |
| Q4 23 | -$2.2 | -$2 | +9.1% | — | $14.7M | — |
| Q3 23 | -$0.15 | -$0.14 | +6.7% | — | $13.5M | — |
| Q2 23 | -$0.21 | -$0.17 | +19.0% | — | $11.9M | — |
| Q1 23 | -$0.24 | -$0.24 | 0.0% | — | $9.1M | — |
| Q4 22 | -$5.55 | -$7 | -26.1% | — | $9.6M | — |
| Q3 22 | -$6.55 | -$6.8 | -3.8% | — | $11.1M | — |
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 | — | -$4.67 | — | — | $88.5M | — |
| FY24 | — | -$6.6 | — | — | $71.3M | — |
| FY23 | — | -$0.64 | — | — | $49.1M | — |
| FY22 | — | -$1.55 | — | — | $38.2M | — |
| FY21 |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $20.4M | $24.6M | $45.6M | $54.5M | $38.2M | $49.1M | $71.3M | $88.5M |
| YoY change | — | +20.2% | +85.6% | +19.6% | -29.9% | +28.5% | +45.3% | +24.1% |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 20.4M | 24.6M | 45.6M | 54.5M | 38.2M | 49.1M | 71.3M | 88.5M |
| Cost of revenue | 4.4M | 6.1M | 22M | 30.5M | 14.2M | 13M | 15.6M | 16.7M |
| Gross profit | 16M | 18.5M | 23.6M | 24M | 24.1M | 36.1M | 55.8M | 71.8M |
| Gross margin | 78.4% | 75.3% | 51.7% | 44% | 63% | 73.5% | 78.2% | 81.1% |
| Research & development | 8.2M | 10.5M | 10.8M | 12.8M | 13.1M | 10M | 9.6M | 12M |
| Selling, general & administrative | 25.9M | 30.6M | 34.9M | 50.5M | 61.5M | 67.4M | 80.5M | 87.5M |
| Operating expenses | 34.1M | 41.1M | 45.7M | 63.3M | 74.6M | 77.4M | 90M | 99.5M |
| Operating income | -18.1M | -22.6M | -22.1M | -39.3M | -50.5M | -41.3M | -34.3M | -27.8M |
| Operating margin | -88.4% | -92.2% | -48.5% | -72.1% | -132.2% | -84.1% | -48% | -31.4% |
| Non-operating income, net | -5.2M | -5.1M | -1.6M | 667K | -6.9M | -1.3M | -413K | 217K |
| Pretax income | -26.2M | -30.7M | -31.4M | -43.2M | -65.4M | -52.1M | -42.9M | -35.3M |
| Income tax | — | — | — | — | — | — | — | — |
| Net income | -26.2M | -30.7M | -31.4M | -43.2M | -65.4M | -52.1M | -42.9M | -35.3M |
| Net margin | -128.1% | -125.1% | -68.8% | -79.2% | -171.3% | -106.2% | -60.2% | -39.8% |
| EBITDA | -17.5M | -18.7M | -18.8M | -36.1M | -44.6M | -35.8M | -28.7M | -21.6M |
| EPS | -1 | -0.67 | -6.48 | -1.58 | -1.55 | -0.64 | -6.6 | -4.67 |
| Diluted EPS | -1 | -0.67 | -6.48 | -1.58 | -1.55 | -0.64 | -6.6 | -4.67 |
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 | 13.5M | 14.7M | 14.8M | 17.9M | 18.2M | 20.4M | 18M | 20M | 21.8M | 28.8M | 25.6M | 26.9M |
| Cost of revenue | 3.2M | 3.4M | 3.2M | 3.9M | 4.2M | 4.3M | 3.7M | 4M | 4.1M | 4.9M | 4.2M | 4.8M |
| Gross profit | 10.3M | 11.3M | 11.6M | 14M | 14M | 16.1M | 14.3M | 16M | 17.7M | 23.9M | 21.4M | 22M |
| Gross margin | 76.1% | 77% | 78.6% | 78.4% | 77% | 78.7% | 79.4% | 79.9% | 81.1% | 83% | 83.5% | 82.1% |
| Research & development | 1.9M | 1.9M | 2M | 2.6M | 2.5M | 2.4M | 2.9M | 3.3M | 3M | 2.9M | 3.3M | 3.1M |
| Selling, general & administrative | 15.5M | 16.3M | 20.6M | 19.7M | 20M | 20.2M | 20.4M | 22.4M | 21.7M | 23M | 24.3M | 24.3M |
| Operating expenses | 17.4M | 18.1M | 22.6M | 22.2M | 22.6M | 22.6M | 23.3M | 25.7M | 24.7M | 25.8M | 27.5M | 27.4M |
| Operating income | -7.2M | -6.8M | -11M | -8.2M | -8.6M | -6.5M | -9.1M | -9.7M | -7M | -2M | -6.2M | -5.4M |
| Operating margin | -53.2% | -46.7% | -73.9% | -45.6% | -47.3% | -32% | -50.5% | -48.4% | -32.4% | -6.84% | -24.2% | -20% |
| Non-operating income, net | -1.4M | 36K | -132K | -702K | 374K | 47K | -353K | 123K | 402K | 45K | 380K | 85K |
| Pretax income | -10.9M | -9.1M | -13.6M | -10.8M | -10.3M | -8.3M | -11.1M | -11.5M | -8.7M | -4M | -7.8M | -7.3M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — |
| Net income | -10.9M | -9.1M | -13.6M | -10.8M | -10.3M | -8.3M | -11.1M | -11.5M | -8.7M | -4M | -7.8M | -7.3M |
| Net margin | -81.2% | -62.3% | -91.9% | -60.3% | -56.5% | -40.4% | -61.8% | -57.3% | -40% | -13.8% | -30.5% | -27.1% |
| EBITDA | -5.9M | -5.5M | -9.7M | -7.2M | -6.8M | -5M | -7.6M | -8.2M | -5.3M | -514K | -4.4M | -3.9M |
| EPS | -0.14 | -0.1 | -0.14 | -0.08 | -1.4 | -1.2 | -1.6 | -1.6 | -1.16 | -0.49 | -0.81 | -0.71 |
| Diluted EPS | -0.14 | -0.1 | -0.14 | -0.08 | -1.4 | -1.2 | -1.6 | -1.6 | -1.16 | -0.49 | -0.81 | -0.71 |
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 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Market cap | — | — | — | — | — | — | — | — | 321M |
| Enterprise value | — | — | — | — | — | — | — | — | 348.8M |
| Shares outstanding | 26.1M | 45.7M | 4.8M | 27.4M | 42.1M | 82.1M | 6.5M | 7.6M | 7.6M |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | — | -6.49 |
| P/S | — | — | — | — | — | — | — | — | 3.12 |
| P/B | — | — | — | — | — | — | — | — | 35.1 |
| EV/EBITDA | — | — | — | — | — | — | — | — | -23.2 |
| EV/Sales | — | — | — | — | — | — | — | — | 3.39 |
| Earnings yield | — | — | — | — | — | — | — | — | -15.4% |
| FCF yield | — | — | — | — | — | — | — | — | -3.39% |
| PEG | — | — | — | — | — | — | — | — | 0.12 |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Gross margin | 78.4% | 75.3% | 51.7% | 44% | 63% | 73.5% | 78.2% | 81.1% | 82.1% |
| Operating margin | -88.4% | -92.2% | -48.5% | -72.1% | -132.2% | -84.1% | -48% | -31.4% | -20% |
| Net margin | -128.1% | -125.1% | -68.8% | -79.2% | -171.3% | -106.2% | -60.2% | -39.8% | -27% |
| ROE | 13.2% | 13.6% | -76.2% | -218.8% | -317.6% | -1.1K% | -205.6% | 1.4K% | -540% |
| ROA | -67% | -68.2% | -25.9% | -56.7% | -70.4% | -52.6% | -44.1% | -40.3% | -14.1% |
| Return on tangible assets | 161% | 202% | -48.6% | -189.3% | -151.3% | -98% | -77.4% | -71% | -46.8% |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 2.22 | 0.56 | 2.68 | 1.51 | 2.34 | 1.19 | 2.76 | 1.86 | 2.85 |
| Quick ratio | 2.22 | 0.56 | 2.68 | 1.51 | 2.34 | 1.19 | 2.76 | 1.86 | 2.85 |
| Debt / equity | -0.12 | -0.16 | 0.67 | 0.51 | 1.55 | 13.3 | 2.97 | -29.6 | 7.85 |
| Debt / assets | 0.59 | 0.8 | 0.23 | 0.13 | 0.34 | 0.61 | 0.64 | 0.83 | 0.75 |
| Net debt / EBITDA | -0.98 | -1.64 | 1.83 | 0.63 | 0.25 | -0.96 | -1.24 | -2.5 | -2.98 |
| Interest coverage | -7.97 | -9.21 | -3.12 | -8.57 | -7.11 | -4.47 | -4.2 | -3.57 | -2.43 |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0.78 | 0.54 | 9.42 | 1.99 | 0.91 | 0.6 | 11 | 11.7 | 11.6 |
| EPS (basic) | -1 | -0.67 | -6.48 | -1.58 | -1.55 | -0.64 | -6.6 | -4.67 | -4.67 |
| EPS (diluted) | -1 | -0.67 | -6.48 | -1.58 | -1.55 | -0.64 | -6.6 | -4.67 | -3.1 |
| Book value per share | -7.58 | -4.93 | 8.51 | 0.72 | 0.49 | 0.06 | 3.22 | -0.33 | 0.87 |
| FCF per share | -0.7 | -0.51 | -4.87 | -1.12 | -1.15 | -0.56 | -8.03 | -3.14 | -1.98 |
| Cash per share | 0.23 | 0.12 | 12.8 | 1.2 | 1.02 | 0.32 | 4.05 | 2.51 | 2.84 |
| Capex per share | 0.02 | 0.03 | 0.4 | 0.08 | 0.08 | 0.28 | 0.5 | — | — |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Capex / revenue | 2.44% | 5.34% | 4.27% | 4.11% | 8.63% | 46.7% | 4.53% | — | — |
| Capex / operating cash flow | -2.81% | -5.44% | -5.35% | -12% | -6.43% | -91% | -6.25% | — | — |
| Payout ratio | — | — | — | — | — | — | — | — | 0% |
| — |
| -$1.58 |
| — |
| — |
| $54.5M |
| — |
| FY20 | — | -$6.48 | — | — | $45.6M | — |
| FY19 | — | -$0.67 | — | — | $24.6M | — |
| FY18 | — | -$1 | — | — | $20.4M | — |
| 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 | $13.5M | $14.7M | $14.8M | $17.9M | $18.2M | $20.4M | $18M | $20M | $21.8M | $28.8M | $25.6M | $26.9M |
| YoY change | +21.5% | +52.7% | +63.6% | +51% | +34.5% | +39.3% | +21.2% | +11.7% | +19.9% | +40.8% | +42.3% | +34.2% |
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 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 5.9M | 5.3M | 62.1M | 32.7M | 43.1M | 26.3M | 26.2M | 19M |
| Receivables | 1.9M | 5.3M | 15.3M | 3.7M | 5.1M | 7.7M | 8.6M | 9M |
| Inventory | — | — | — | — | — | — | — | — |
| Total current assets | 9.9M | 12.7M | 86.1M | 43.6M | 53.3M | 39.7M | 39.5M | 32.5M |
| Property, plant & equipment | 1.4M | 2.1M | 3.2M | 4.2M | 8.8M | 29.6M | 29.6M | 27.8M |
| Goodwill & intangibles | 55.3M | 60.2M | 56.6M | 53.3M | 49.7M | 45.9M | 41.8M | 37.8M |
| Total assets | 39.1M | 45M | 121.1M | 76.1M | 92.9M | 99.1M | 97.2M | 87.5M |
| Accounts payable | 886K | 1.7M | 9M | 1.7M | 1.7M | 2.9M | 2.2M | 3.1M |
| Short-term debt | — | 12.2M | 11.8M | 19K | 1.6M | 303K | 740K | 1.4M |
| Total current liabilities | 4.5M | 22.6M | 32.1M | 29M | 22.8M | 33.4M | 14.3M | 17.4M |
| Long-term debt | 23.1M | 23.8M | 15.9M | 10M | 30.3M | 60.4M | 61.2M | 71.5M |
| Total liabilities | 237.1M | 270.2M | 79.9M | 56.4M | 72.3M | 94.5M | 76.4M | 89.9M |
| Shareholders' equity | -198M | -225.1M | 41.2M | 19.7M | 20.6M | 4.6M | 20.9M | -2.5M |
| Total debt | 23.1M | 36M | 27.8M | 10M | 31.9M | 60.7M | 62M | 72.9M |
| Net debt | 17.2M | 30.7M | -34.4M | -22.7M | -11.2M | 34.4M | 35.7M | 53.9M |
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 | 19.8M | 26.3M | 11.5M | 42.2M | 31.4M | 26.2M | 17.6M | 20.7M | 16.6M | 19M | 25.6M | 30M |
| Receivables | 5.8M | 7.7M | 9.9M | 10.1M | 8M | 8.6M | 7.6M | 7.5M | 12.7M | 9M | 9.5M | 9.1M |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 28.9M | 39.7M | 28.5M | 57.6M | 44M | 39.5M | 29.6M | 32.4M | 33.4M | 32.5M | 40.9M | 43.6M |
| Property, plant & equipment | 27.5M | 29.6M | 30.1M | 29.8M | 30.6M | 29.6M | 28.9M | 28.2M | 28.4M | 27.8M | 27.4M | 27.3M |
| Goodwill & intangibles | 46.9M | 45.9M | 44.8M | 43.8M | 42.9M | 41.8M | 40.8M | 39.8M | 38.8M | 37.8M | 37M | 36M |
| Total assets | 86.8M | 99.1M | 87.2M | 115.8M | 102.7M | 97.2M | 86.2M | 87.7M | 88.7M | 87.5M | 94.6M | 95.3M |
| Accounts payable | 2.9M | 2.9M | 3.2M | 2.2M | 2.5M | 2.2M | 2.9M | 3M | 3.6M | 3.1M | 3.7M | 2.2M |
| Short-term debt | 1.2M | 303K | 317K | 337K | 653K | 740K | 1.1M | 1.2M | 1.4M | 1.4M | 1.5M | 1.6M |
| Total current liabilities | 32.6M | 33.4M | 31.2M | 17.6M | 13M | 14.3M | 13.3M | 15.2M | 18.2M | 17.4M | 14.5M | 15.3M |
| Long-term debt | 49.6M | 60.4M | 60.9M | 61.3M | 61.3M | 61.2M | 61.2M | 70.9M | 71.5M | 71.5M | 70.2M | 70.2M |
| Total liabilities | 88.2M | 94.5M | 92.7M | 79.6M | 74.9M | 76.4M | 75.2M | 86.6M | 90.4M | 89.9M | 85.5M | 86.2M |
| Shareholders' equity | -1.4M | 4.6M | -5.5M | 36.3M | 27.9M | 20.9M | 11.1M | 1.1M | -1.7M | -2.5M | 9.1M | 9.1M |
| Total debt | 50.7M | 60.7M | 61.2M | 61.6M | 62M | 62M | 62.3M | 72.1M | 72.9M | 72.9M | 71.6M | 71.8M |
| Net debt | 30.9M | 34.4M | 49.7M | 19.4M | 30.6M | 35.7M | 44.7M | 51.4M | 56.3M | 53.9M | 46M | 41.8M |
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 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Net income | -26.2M | -30.7M | -31.4M | -43.2M | -65.4M | -52.1M | -42.9M | -35.3M |
| Depreciation & amortization | 1.7M | 2.8M | 2.9M | 3.2M | 5.8M | 5.5M | 5.5M | 5.6M |
| Stock-based compensation | 142K | 170K | 3.7M | 4.9M | 6M | 5.4M | 6.6M | 4.1M |
| Change in working capital | 253K | -1.6M | -18.3M | 12M | -6M | -7.5M | -23.3M | -1.5M |
| Operating cash flow | -17.7M | -24.1M | -36.4M | -18.7M | -51.3M | -25.2M | -51.7M | -23.3M |
| Capital expenditure | -498K | -1.3M | -1.9M | -2.2M | -3.3M | -22.9M | -3.2M | — |
| Investing cash flow | -498K | -1.8M | -2.7M | -2.2M | -3.3M | -22.9M | -3.2M | — |
| Dividends paid | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — |
| Financing cash flow | 29.3M | 36M | 92.7M | 165K | 58.3M | 28.4M | 51.4M | 15.9M |
| Net change in cash | 11M | 10.1M | 53.7M | -20.8M | 3.7M | -19.7M | -3.5M | -7.4M |
| Free cash flow | -18.3M | -23.1M | -23.5M | -30.8M | -48.5M | -45.9M | -52.1M | -23.7M |
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 | -10.9M | -9.1M | -13.6M | -10.8M | -10.3M | -8.3M | -11.1M | -11.5M | -8.7M | -4M | -7.8M | -7.3M |
| Depreciation & amortization | 1.2M | 1.3M | 1.3M | 1.3M | 1.4M | 1.4M | 1.4M | 1.4M | 1.4M | 1.4M | 1.4M | 1.4M |
| Stock-based compensation | 954K | 1.1M | 2.6M | 1.2M | 1.5M | 1.3M | 972K | 1M | 1.1M | 1.1M | 1.1M | 820K |
| Change in working capital | -1.7M | -7.5M | -5.7M | -12.3M | -4.3M | -1M | 1.2M | -165K | -3.4M | 870K | -2.9M | 2.3M |
| Operating cash flow | -4M | -12.9M | -14.3M | -19.5M | -11.5M | -6.3M | -7.2M | -6.6M | -8.9M | 778K | -10.2M | -1.6M |
| Capital expenditure | -5.8M | -3M | -234K | -1.9M | -231K | -839K | -74K | — | — | — | — | — |
| Investing cash flow | -5.8M | -3M | -234K | -1.9M | -231K | -839K | -74K | — | — | — | — | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 11.5M | 21.7M | 788K | 51.3M | -492K | -188K | 97K | -211K | 4.3M | 1.7M | 16.9M | 6.2M |
| Net change in cash | 1.7M | 5.8M | -13.7M | 29.8M | -12.3M | -7.3M | -7.2M | -6.8M | -4.6M | 2.5M | 6.7M | 4.7M |
| Free cash flow | -9.7M | -15.3M | -15.6M | -20.6M | -11M | -5M | -8.7M | -6.7M | -8.9M | 674K | -10.3M | -1.8M |