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 % |
|---|---|---|---|---|---|---|
| Q4 25 | $0.01 | $0.06 | +500.0% | — | $37.8M | — |
| Q3 25 | -$0.01 | $0.03 | +400.0% | — | $37.2M | — |
| Q2 25 | -$0.05 | $0.01 | +120.0% | — | $36.3M | — |
| Q1 25 | -$0.06 | -$0.03 | +50.0% | — | $34.6M | — |
| Q4 24 | -$0.09 | -$0.06 | +33.3% | — | $33.8M | — |
| Q3 24 | -$0.11 | -$0.1 | +9.1% | — | $32.6M | — |
| Q2 24 | -$0.13 | -$0.11 | +15.4% | — | $31.3M | — |
| Q1 24 | -$0.15 | -$0.14 | +6.7% | — | $30M | — |
| Q4 23 | -$0.18 | -$0.15 | +16.7% | — | $28.7M | — |
| Q3 23 | -$0.37 | -$0.44 | -18.9% | — | $25.3M | — |
| Q2 23 | -$0.42 | -$0.41 | +2.4% | — | $24.6M | — |
| Q1 23 | -$0.43 | -$0.5 | -16.3% | — | $23.4M | — |
| Q4 22 | -$0.42 | -$0.45 | -7.1% | — | $22.9M | — |
| Q3 22 | -$0.38 | -$0.4 | -5.3% | — | $22.1M | — |
| Q2 22 | -$0.34 | -$0.37 | -8.8% | — | $20.7M | — |
| Q1 22 | -$0.36 | -$0.41 | -13.9% | — | $19.5M | — |
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 | — | -$0.46 | — | — | $145.8M | — |
| FY24 | — | -$1.11 | — | — | $127.6M | — |
| FY23 | — | -$1.63 | — | — | $102M | — |
| FY22 | — | -$1.63 | — | — | $85.2M | — |
| FY21 | — | -$1.07 |
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 | $40.7M | $53.8M | $67.5M | $85.2M | $102M | $127.6M | $145.8M |
| YoY change | — | +32% | +25.5% | +26.2% | +19.8% | +25.1% | +14.3% |
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 | 40.7M | 53.8M | 67.5M | 85.2M | 102M | 127.6M | 145.8M |
| Cost of revenue | 20.1M | 25.8M | 33.1M | 41.3M | 52.2M | 58.3M | 57M |
| Gross profit | 20.6M | 28M | 34.3M | 43.9M | 49.9M | 69.3M | 88.8M |
| Gross margin | 50.6% | 52% | 50.9% | 51.5% | 48.9% | 54.3% | 60.9% |
| Research & development | 8.4M | 13.1M | 20.5M | 33.1M | 39.5M | 42.1M | 46.1M |
| Selling, general & administrative | 11.2M | 18.6M | 32.6M | 58.9M | 68.2M | 73.5M | 66.3M |
| Operating expenses | 19.7M | 31.7M | 53.1M | 92M | 107.8M | 115.6M | 112.4M |
| Operating income | 949K | -3.7M | -18.8M | -48.1M | -57.9M | -46.3M | -23.6M |
| Operating margin | 2.33% | -6.94% | -27.9% | -56.5% | -56.8% | -36.3% | -16.2% |
| Non-operating income, net | — | — | 863K | 965K | 2M | 1.4M | 2M |
| Pretax income | -980K | -6.6M | -21.6M | -51.4M | -59.7M | -48.5M | -25.5M |
| Income tax | 16K | 5K | 96K | -39K | 0 | 6K | 84K |
| Net income | -996K | -6.6M | -21.7M | -51.4M | -59.7M | -48.5M | -25.6M |
| Net margin | -2.44% | -12.3% | -32.2% | -60.4% | -58.5% | -38% | -17.6% |
| EBITDA | 10.3M | 9.2M | -2.5M | -27.9M | -33M | -18M | 2M |
| EPS | -0.05 | -0.3 | -1.07 | -1.63 | -1.63 | -1.11 | -0.46 |
| Diluted EPS | -0.05 | -0.3 | -1.07 | -1.63 | -1.63 | -1.11 | -0.46 |
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 | 25.3M | 28.7M | 30M | 31.3M | 32.6M | 33.8M | 34.6M | 36.3M | 37.2M | 37.8M | 38.7M | 42.7M |
| Cost of revenue | 13.5M | 13.7M | 14.2M | 14.1M | 14.8M | 15.3M | 15.4M | 13.3M | 14.1M | 14.3M | 15.1M | 15.9M |
| Gross profit | 11.8M | 15.1M | 15.8M | 17.2M | 17.8M | 18.5M | 19.3M | 23M | 23.1M | 23.4M | 23.5M | 26.8M |
| Gross margin | 46.5% | 52.5% | 52.8% | 55.1% | 54.6% | 54.8% | 55.6% | 63.5% | 62.1% | 62% | 60.9% | 62.8% |
| Research & development | 9.6M | 9.4M | 9.7M | 9.6M | 10.7M | 12M | 11.9M | 11.9M | 11.2M | 11.1M | 11.3M | 11M |
| Selling, general & administrative | 17.7M | 17.3M | 16.6M | 17.4M | 19.3M | 20.2M | 16.3M | 17.9M | 15.2M | 16.9M | 17.6M | 20M |
| Operating expenses | 27.3M | 26.7M | 26.3M | 27M | 30M | 32.3M | 28.2M | 29.8M | 26.4M | 28.1M | 28.9M | 31M |
| Operating income | -15.6M | -11.6M | -10.5M | -9.8M | -12.2M | -13.8M | -8.9M | -6.7M | -3.3M | -4.7M | -5.4M | -4.2M |
| Operating margin | -61.5% | -40.5% | -35.1% | -31.4% | -37.4% | -40.8% | -25.8% | -18.5% | -8.94% | -12.4% | -13.8% | -9.77% |
| Non-operating income, net | 447K | 408K | 384K | 362K | 313K | 363K | 533K | 500K | 477K | 451K | 443K | 388K |
| Pretax income | -16.1M | -12.2M | -11M | -10.3M | -12.8M | -14.4M | -9.2M | -7.1M | -3.8M | -5.4M | -6.1M | -5M |
| Income tax | 0 | 0 | 6K | 0 | 0 | 0 | 84K | 0 | 0 | 0 | 28K | 40K |
| Net income | -16.1M | -12.2M | -11.1M | -10.3M | -12.8M | -14.4M | -9.3M | -7.1M | -3.8M | -5.4M | -6.1M | -5.1M |
| Net margin | -63.5% | -42.5% | -36.9% | -33.1% | -39.1% | -42.6% | -26.9% | -19.6% | -10.2% | -14.3% | -15.9% | -11.9% |
| EBITDA | -9.1M | -5.1M | -3.6M | -2.8M | -4.9M | -6.7M | -1.2M | -1.2M | 2.7M | 1.6M | 1.4M | 2.9M |
| EPS | -0.44 | -0.3 | -0.27 | -0.25 | -0.29 | -0.3 | -0.17 | -0.13 | -0.07 | -0.09 | -0.1 | -0.08 |
| Diluted EPS | -0.44 | -0.3 | -0.27 | -0.25 | -0.29 | -0.3 | -0.17 | -0.13 | -0.07 | -0.09 | -0.1 | -0.08 |
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 | — | — | 343.6M | — | — | — | — | 838.1M |
| Enterprise value | — | — | 272M | — | — | — | — | 849M |
| Shares outstanding | 22M | 22.1M | 20.3M | 31.7M | 36M | 43.5M | 56.2M | 56.2M |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | -29.5 |
| P/S | — | — | 5.09 | — | — | — | — | 5.36 |
| P/B | — | — | 3.6 | — | — | — | — | 9.45 |
| EV/EBITDA | — | — | -110 | — | — | — | — | 276.6 |
| EV/Sales | — | — | 4.03 | — | — | — | — | 5.43 |
| Earnings yield | — | — | — | — | — | — | — | -3.39% |
| FCF yield | — | — | -2.23% | — | — | — | — | 4% |
| PEG | — | — | — | — | — | — | — | 0.77 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Gross margin | 50.6% | 52% | 50.9% | 51.5% | 48.9% | 54.3% | 60.9% | 62.8% |
| Operating margin | 2.33% | -6.94% | -27.9% | -56.5% | -56.8% | -36.3% | -16.2% | -6.68% |
| Net margin | -2.44% | -12.3% | -32.2% | -60.4% | -58.5% | -38% | -17.6% | -13.1% |
| ROE | 38.4% | 96.8% | -22.7% | -74.8% | -132.9% | -62.5% | -30.8% | -24.3% |
| ROA | -2.58% | -12.2% | -13.3% | -33.7% | -45.3% | -28.8% | -13.4% | -3.52% |
| ROIC | 13.2% | -20.1% | -78.7% | -98.6% | -94% | -67% | -25.3% | -14.5% |
| Return on tangible assets | -3.23% | -15.4% | -14.6% | -43.2% | -89.6% | -57.1% | -23.2% | -14.7% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Current ratio | 0.32 | 0.25 | 2.47 | 1.32 | 0.67 | 1.1 | 1.07 | 1 |
| Quick ratio | 0.32 | 0.25 | 2.47 | 1.32 | 0.67 | 1.1 | 1.07 | 1 |
| Debt / equity | -6.46 | -4.6 | 0.35 | 0.66 | 1.02 | 0.6 | 0.74 | 0.93 |
| Debt / assets | 0.43 | 0.58 | 0.2 | 0.3 | 0.35 | 0.27 | 0.32 | 0.37 |
| Net debt / EBITDA | 0.95 | 2.76 | 29 | 0.71 | -0.5 | 0.48 | 5.18 | 3.77 |
| Interest coverage | 0.49 | -1.29 | -4.88 | -11 | -14.7 | -12.3 | -5.6 | -3.42 |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Revenue per share | 1.85 | 2.44 | 3.32 | 2.69 | 2.83 | 2.93 | 2.59 | 2.66 |
| EPS (basic) | -0.05 | -0.3 | -1.07 | -1.63 | -1.63 | -1.11 | -0.46 | -0.46 |
| EPS (diluted) | -0.05 | -0.3 | -1.07 | -1.63 | -1.63 | -1.11 | -0.46 | -0.35 |
| Book value per share | -0.12 | -0.31 | 4.69 | 2.17 | 1.25 | 1.78 | 1.48 | 1.43 |
| FCF per share | 0.44 | 0.36 | -0.38 | -0.94 | -0.77 | -0.04 | 0.2 | 0.25 |
| Cash per share | 0.32 | 0.28 | 5.15 | 2.07 | 0.81 | 1.26 | 0.91 | 0.81 |
| Capex per share | 0.06 | 0.1 | 0.37 | 0.23 | 0.14 | 0.03 | 0.13 | 0.14 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Capex / revenue | 3.01% | 3.95% | 11.2% | 8.63% | 5.04% | 0.98% | 5.19% | 5.47% |
| Capex / operating cash flow | 9.52% | 17.9% | 113.8% | -63.3% | -88.1% | 10.9% | 32.1% | 29.6% |
| Payout ratio | — | — | — | — | — | — | — | 0% |
| — |
| — |
| $67.5M |
| — |
| FY20 | — | -$0.3 | — | — | $53.8M | — |
| FY19 | — | -$0.05 | — | — | $40.7M | — |
| Q1 24 |
|---|
| Q2 24 |
|---|
| Q3 24 |
|---|
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $25.3M | $28.7M | $30M | $31.3M | $32.6M | $33.8M | $34.6M | $36.3M | $37.2M | $37.8M | $38.7M | $42.7M |
| YoY change | +14.7% | +25.3% | +28.1% | +27.2% | +28.8% | +17.6% | +15.5% | +16% | +14% | +11.8% | +11.7% | +17.7% |
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 | 7M | 6.1M | 104.8M | 65.4M | 29.3M | 54.9M | 51.4M |
| Receivables | 81K | 209K | 309K | 856K | 800K | 1.8M | 3.5M |
| Inventory | — | — | — | — | — | — | — |
| Total current assets | 9.1M | 9.2M | 111.1M | 74.4M | 38.5M | 65.7M | 65.7M |
| Property, plant & equipment | 24.8M | 38.7M | 43.1M | 56.3M | 55.6M | 58.8M | 80M |
| Goodwill & intangibles | 7.8M | 11.4M | 15.3M | 33.4M | 65M | 83.6M | 81.7M |
| Total assets | 38.6M | 54.5M | 163.6M | 152.5M | 131.7M | 168.6M | 191.8M |
| Accounts payable | 1.6M | 1.7M | 2.1M | 3.3M | 2.3M | 1.5M | 1.6M |
| Short-term debt | 8.2M | 11.9M | 13.6M | 20.7M | 20.4M | 20.4M | 20.1M |
| Total current liabilities | 28.2M | 36.4M | 45.1M | 56.3M | 57.1M | 59.8M | 61.6M |
| Long-term debt | 8.5M | 19.5M | 19.6M | 24.8M | 25.6M | 26M | 41.5M |
| Total liabilities | 41.2M | 61.3M | 68.1M | 83.7M | 86.7M | 90.9M | 108.6M |
| Shareholders' equity | -2.6M | -6.8M | 95.5M | 68.7M | 44.9M | 77.6M | 83.2M |
| Total debt | 16.8M | 31.5M | 33.2M | 45.5M | 46M | 46.3M | 61.6M |
| Net debt | 9.8M | 25.4M | -71.6M | 38.8M | 33.5M | 563K | 32.4M |
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 | 29.7M | 29.3M | 28.2M | 23.6M | 20.9M | 54.9M | 53.2M | 50.5M | 50.3M | 51.4M | 45.5M | 49.9M |
| Receivables | 2M | 800K | 1.6M | 1.8M | 2.8M | 1.8M | 1.8M | 3.2M | 3.4M | 3.5M | 4.3M | 5.3M |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 44.9M | 38.5M | 38.7M | 33.7M | 31.9M | 65.7M | 65M | 64.5M | 65M | 65.7M | 62.8M | 68.7M |
| Property, plant & equipment | 60.1M | 55.6M | 52.1M | 50M | 57.3M | 58.8M | 60.6M | 75.8M | 80.7M | 80M | 82.7M | 102.8M |
| Goodwill & intangibles | 57.9M | 65M | 70.9M | 76.7M | 82.1M | 83.6M | 84.3M | 84.4M | 82.9M | 81.7M | 81.7M | 84.5M |
| Total assets | 134.7M | 131.7M | 131.9M | 127.8M | 136.2M | 168.6M | 170.2M | 186M | 191.5M | 191.8M | 192.7M | 223.8M |
| Accounts payable | 2M | 2.3M | 1.4M | 1.1M | 1.7M | 1.5M | 8.2M | 9.2M | 8.7M | 1.6M | — | — |
| Short-term debt | 27.2M | 20.4M | 19.2M | 18.6M | 20.4M | 20.4M | 19.9M | 20.2M | 20.2M | 20.1M | 19.7M | 21.4M |
| Total current liabilities | 61M | 57.1M | 55.7M | 55.1M | 59.2M | 59.8M | 59.5M | 59.9M | 59.3M | 61.6M | 59.9M | 68.8M |
| Long-term debt | 22.8M | 25.6M | 24.2M | 23M | 29M | 26M | 27.9M | 41.4M | 44M | 41.5M | 42.6M | 61M |
| Total liabilities | 87.4M | 86.7M | 84.4M | 82.7M | 93.4M | 90.9M | 92.4M | 106.4M | 108.7M | 108.6M | 108M | 135.3M |
| Shareholders' equity | 47.4M | 44.9M | 47.5M | 45.1M | 42.8M | 77.6M | 77.8M | 79.6M | 82.8M | 83.2M | 84.6M | 88.5M |
| Total debt | 49.9M | 46M | 43.4M | 41.6M | 49.4M | 46.3M | 47.8M | 61.6M | 64.1M | 61.6M | 62.4M | 82.4M |
| Net debt | 40.9M | 33.5M | 37.1M | 32.4M | 46.4M | 563K | 7.2M | 29.4M | 35.1M | 32.4M | 36.1M | 50M |
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 | -996K | -6.6M | -21.7M | -51.4M | -59.7M | -48.5M | -25.6M |
| Depreciation & amortization | 9.3M | 13M | 16.3M | 20.2M | 24.9M | 28.3M | 25.6M |
| Stock-based compensation | 1.4M | 1.9M | 5.6M | 17M | 25.2M | 28.6M | 26.4M |
| Change in working capital | 3.2M | 3M | 4.8M | 135K | 1.4M | -7K | -7.9M |
| Operating cash flow | 12.9M | 11.8M | 6.6M | -11.6M | -5.8M | 11.5M | 23.5M |
| Capital expenditure | -1.2M | -2.1M | -7.6M | -7.3M | -5.1M | -1.3M | -7.6M |
| Investing cash flow | -1.2M | -2.1M | -7.6M | -65.2M | 36.4M | 6.3M | -20.8M |
| Dividends paid | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | -2M |
| Financing cash flow | -7.7M | -8.8M | 109.6M | -13M | -15.9M | 12.5M | -22.7M |
| Net change in cash | 3.9M | 949K | 108.7M | -89.8M | 14.6M | 30.4M | -20M |
| Free cash flow | 9.6M | 7.8M | -7.7M | -29.8M | -27.6M | -1.7M | 11.3M |
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 | -16.1M | -12.2M | -11.1M | -10.3M | -12.8M | -14.4M | -9.3M | -7.1M | -3.8M | -5.4M | -6.1M | -5.1M |
| Depreciation & amortization | 6.4M | 6.6M | 6.9M | 7M | 7.3M | 7.1M | 7.8M | 5.5M | 6M | 6.3M | 6.7M | 7M |
| Stock-based compensation | 8M | 6.5M | 5.5M | 5.5M | 8.4M | 9.1M | 7.4M | 7.3M | 5.4M | 6.3M | 6.9M | 9.2M |
| Change in working capital | -1.1M | 3.7M | 1.6M | -752K | 346K | -1.3M | -677K | -4.9M | -4.3M | 172K | -3.1M | -2.3M |
| Operating cash flow | -2.2M | 5.1M | 3.5M | 2M | 4.3M | 1.6M | 6.2M | 3.5M | 5.7M | 9.3M | 3.4M | 10.4M |
| Capital expenditure | -106K | -396K | -438K | -72K | -38K | -708K | -489K | -2.1M | -1.7M | -1.7M | -2.1M | -3M |
| Investing cash flow | 9M | 3.2M | -5.5M | 7.3M | -3.5M | 8M | -4M | -7.8M | -4.5M | -2.9M | 923K | -1.3M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | -1.2M | -798K | -809K | -566K |
| Financing cash flow | -4.9M | -3.7M | -4.5M | -5.2M | -5.3M | -9.8M | -5M | -5.6M | -4.2M | -7.8M | -6.9M | -5.7M |
| Net change in cash | 1.9M | 4.6M | -6.5M | 4.1M | -4.5M | -233K | -2.8M | -9.9M | -2.9M | -1.4M | -2.6M | 3.4M |
| Free cash flow | -4.5M | -853K | -345K | -1.5M | 1M | -829K | 2.3M | 700K | 895K | 7.4M | 597K | 6.6M |