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 | -$0.23 | -$0.18 | +21.7% | — | $6.6M | — |
| Q1 26 | -$0.26 | -$0.2 | +23.1% | — | $6.2M | — |
| Q4 25 | -$0.39 | -$0.18 | +53.8% | — | $11M | — |
| Q3 25 | -$0.39 | -$0.3 | +23.1% | — | $11.2M | — |
| Q2 25 | -$0.38 | -$0.37 | +2.6% | — | $6.5M | — |
| Q1 25 | -$0.43 | -$0.37 | +14.0% | — | $7.2M | — |
| Q4 24 | -$0.45 | -$0.49 | -8.9% | — | $5.2M | — |
| Q3 24 | -$0.33 | -$0.35 | -6.1% | — | $15.4M | — |
| Q2 24 | -$0.18 | -$0.26 | -44.4% | — | $12M | — |
| Q1 24 | -$0.26 | -$0.38 | -46.2% | — | $3M | — |
| Q4 23 | -$0.69 | -$0.68 | +1.4% | — | $3.3M | — |
| Q3 23 | -$0.66 | -$0.55 | +16.7% | — | $11.1M | — |
| Q2 23 | -$0.69 | -$0.73 | -5.8% | — | $2.7M | — |
| Q1 23 | -$0.75 | -$0.71 | +5.3% | — | $3.8M | — |
| Q4 22 | -$0.59 | -$0.76 | -28.8% | — | $2.9M | — |
| Q3 22 | -$0.61 | -$0.65 | -6.6% | — | $6.8M | — |
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 | — | -$1.27 | — | — | $35.9M | — |
| FY24 | — | -$1.52 | — | — | $35.6M | — |
| FY23 | — | -$2.67 | — | — | $20.8M | — |
| FY22 | — | -$2.62 | — | — | $31.1M | — |
| 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 | $19.4M | $21.4M | $33.2M | $45.8M | $31.1M | $20.8M | $35.6M | $35.9M |
| YoY change | — | +10.4% | +55.3% | +37.9% | -32.1% | -33.3% | +71.4% | +1.02% |
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 | 19.4M | 21.4M | 33.2M | 45.8M | 31.1M | 20.8M | 35.6M | 35.9M |
| Cost of revenue | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — |
| Research & development | 28.6M | 48.1M | 78.4M | 94.7M | 117.8M | 117.7M | 110.6M | 104.2M |
| Selling, general & administrative | 7.2M | 8.8M | 15.2M | 33.3M | 42.8M | 42.1M | 42.1M | 36.2M |
| Operating expenses | 35.8M | 56.8M | 93.6M | 127.9M | 160.6M | 159.8M | 152.8M | 140.4M |
| Operating income | -16.4M | -35.5M | -60.4M | -82.1M | -129.5M | -139M | -117.2M | -104.5M |
| Operating margin | -84.6% | -165.8% | -182.1% | -179.4% | -416.6% | -669.8% | -329.3% | -290.7% |
| Non-operating income, net | -7K | 325K | -5.7M | — | — | -621K | -2.4M | -10.7M |
| Pretax income | -15.7M | -33.3M | -67M | -83.9M | -128.2M | -131.2M | -105.2M | -104.9M |
| Income tax | 0 | 804K | -626K | 0 | 0 | 1.3M | 131K | 121K |
| Net income | -15.7M | -34.1M | -66.3M | -83.9M | -128.2M | -132.5M | -105.3M | -105M |
| Net margin | -81.1% | -159.5% | -199.8% | -183.2% | -412.2% | -638.3% | -296% | -292.1% |
| EBITDA | -15.1M | -31.7M | -58.4M | -80.3M | -124.3M | -127.3M | -100.9M | -91.8M |
| EPS | -1.63 | -31 | -5.83 | -1.82 | -2.62 | -2.67 | -1.52 | -1.27 |
| Diluted EPS | -1.63 | -31 | -5.83 | -1.82 | -2.62 | -2.67 | -1.52 | -1.27 |
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 | 11.1M | 3.3M | 3M | 12M | 15.4M | 5.2M | 7.2M | 6.5M | 11.2M | 11M | 6.2M | 6.6M |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Research & development | 28.3M | 30.4M | 22.5M | 23.8M | 31.8M | 32.5M | 27.1M | 26.2M | 26M | 25M | 24.6M | 24.5M |
| Selling, general & administrative | 10.5M | 10.3M | 10.3M | 9.7M | 11.8M | 10.4M | 9.3M | 8.8M | 8.9M | 9.2M | 9.3M | 8.6M |
| Operating expenses | 38.9M | 40.7M | 32.8M | 33.4M | 43.6M | 42.9M | 36.4M | 35M | 34.9M | 34.2M | 33.9M | 33.1M |
| Operating income | -27.8M | -37.4M | -29.8M | -21.4M | -28.2M | -37.7M | -29.2M | -28.5M | -23.7M | -23.1M | -27.8M | -26.4M |
| Operating margin | -251.2% | -1.1K% | -980% | -178.6% | -183.9% | -728.4% | -402.9% | -441% | -210.9% | -210.1% | -451.6% | -397.9% |
| Non-operating income, net | -621K | 0 | -2.4M | — | — | 0 | — | — | -10.7M | 0 | — | — |
| Pretax income | -26M | -34.5M | -28.4M | -17.7M | -24.7M | -34.4M | -26.3M | -26M | -32.2M | -20.4M | -25.1M | -23.6M |
| Income tax | 1M | 277K | 0 | 0 | 0 | 131K | — | — | — | — | — | — |
| Net income | -27M | -34.8M | -28.4M | -17.7M | -24.7M | -34.6M | -26.3M | -26M | -32.2M | -20.5M | -25.1M | -23.6M |
| Net margin | -244.2% | -1.1K% | -933.2% | -147.6% | -160.6% | -667.8% | -363.7% | -402.6% | -286.4% | -186% | -408.5% | -355.9% |
| EBITDA | -24.8M | -34M | -25.5M | -17.3M | -24.2M | -34M | -28.7M | -27.9M | -12.5M | -22.7M | -27.4M | -26.1M |
| EPS | -0.55 | — | -0.41 | -0.26 | -0.35 | -0.49 | -0.37 | -0.37 | -0.44 | -0.18 | -0.2 | -0.18 |
| Diluted EPS | -0.55 | — | -0.41 | -0.26 | -0.35 | -0.49 | -0.37 | -0.37 | -0.44 | -0.18 | -0.2 | -0.18 |
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 | — | — | — | — | 288.3M | 280.5M | — | — | 383.2M |
| Enterprise value | — | — | — | — | 99.3M | 97.8M | — | — | 169.8M |
| Shares outstanding | 14.8M | 1.4M | 11.4M | 46M | 48.9M | 49.6M | 69.4M | 82.9M | 82.9M |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | — | -2.46 |
| P/S | — | — | — | — | 9.27 | 13.5 | — | — | 10.6 |
| P/B | — | — | — | — | 1 | 1.14 | — | — | 1.51 |
| EV/EBITDA | — | — | — | — | -0.8 | -0.77 | — | — | -1.71 |
| EV/Sales | — | — | — | — | 3.19 | 4.71 | — | — | 4.85 |
| Earnings yield | — | — | — | — | — | — | — | — | -40.7% |
| FCF yield | — | — | — | — | -38.7% | -38.7% | — | — | -11.4% |
| PEG | — | — | — | — | — | — | — | — | 0.05 |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Operating margin | -84.6% | -165.8% | -182.1% | -179.4% | -416.6% | -669.8% | -329.3% | -290.7% | -397.9% |
| Net margin | -81.1% | -159.5% | -199.8% | -183.2% | -412.2% | -638.3% | -296% | -292.1% | -289.4% |
| ROE | 19.7% | 30.5% | -23.6% | -21.5% | -44.3% | -53.8% | -48.8% | -40.9% | -48.1% |
| ROA | -10.7% | -28.8% | -16.6% | -16.6% | -29.8% | -35.2% | -30.1% | -29.2% | -19.3% |
| ROIC | 16.1% | 18.8% | 88.9% | -66.7% | -129.2% | -219.3% | -318.1% | -153.6% | -153.6% |
| Return on tangible assets | -10.7% | -28.8% | -16.6% | -16.6% | -29.8% | -35.2% | -30.1% | -29.2% | -28.2% |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 5.16 | 2.88 | 8.69 | 6.36 | 6.46 | 6.34 | 5.71 | 7.81 | 5.45 |
| Quick ratio | 5.16 | 2.88 | 8.69 | 6.36 | 6.46 | 6.34 | 5.71 | 7.81 | 5.45 |
| Debt / equity | -0.18 | -0.12 | 0.08 | 0.11 | 0.3 | 0.29 | 0.3 | 0.23 | 0.23 |
| Debt / assets | 0.1 | 0.12 | 0.06 | 0.08 | 0.2 | 0.19 | 0.19 | 0.17 | 0.16 |
| Net debt / EBITDA | 1.44 | 2.42 | 5.97 | 3.32 | 1.52 | 1.43 | 1.77 | 2.05 | 2.22 |
| Interest coverage | — | — | -53.5 | -38.1 | -56.8 | -94.6 | — | — | — |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | 1.31 | 15.6 | 2.92 | 0.99 | 0.64 | 0.42 | 0.51 | 0.43 | 0.31 |
| EPS (basic) | -1.63 | -31 | -5.83 | -1.82 | -2.62 | -2.67 | -1.52 | -1.27 | -1.27 |
| EPS (diluted) | -1.63 | -31 | -5.83 | -1.82 | -2.62 | -2.67 | -1.52 | -1.27 | -0.91 |
| Book value per share | -5.39 | -81.6 | 24.7 | 8.46 | 5.92 | 4.96 | 3.11 | 3.1 | 2.01 |
| FCF per share | -1.33 | 39.6 | -5.97 | -1.92 | -2.28 | -2.19 | -0.94 | -1.2 | -0.65 |
| Cash per share | 2.46 | 66 | 32.7 | 6.72 | 5.65 | 5.11 | 3.53 | 3 | 2.06 |
| Capex per share | 0.18 | 0.94 | 0.06 | 0.03 | 0.11 | 0.03 | 0 | — | — |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Capex / revenue | 13.9% | 6.01% | 1.96% | 2.79% | 17.7% | 8.23% | 0.51% | — | — |
| Capex / operating cash flow | -15.9% | 2.46% | -0.9% | -1.47% | -4.9% | -1.59% | -0.3% | — | — |
| Payout ratio | — | — | — | — | — | — | — | — | 0% |
| — |
| -$1.82 |
| — |
| — |
| $45.8M |
| — |
| FY20 | — | -$5.83 | — | — | $33.2M | — |
| FY19 | — | -$31 | — | — | $21.4M | — |
| FY18 | — | -$1.63 | — | — | $19.4M | — |
| 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 | $11.1M | $3.3M | $3M | $12M | $15.4M | $5.2M | $7.2M | $6.5M | $11.2M | $11M | $6.2M | $6.6M |
| YoY change | +63.9% | +14.3% | -19.2% | +350.7% | +38.7% | +58.8% | +138.2% | -46.2% | -26.9% | +112.8% | -15% | +2.75% |
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 | 36.3M | 90.5M | 371.7M | 309.3M | 276.2M | 253.7M | 244.9M | 248.5M |
| Receivables | 86.4M | 4.6M | 4.5M | 5.7M | 1.5M | 11.8M | 3.1M | 2.4M |
| Inventory | — | — | — | — | — | — | — | — |
| Total current assets | 123.5M | 96.8M | 381M | 325.7M | 287.6M | 271.2M | 257.8M | 258.1M |
| Property, plant & equipment | 20.4M | 18.9M | 16.6M | 35.1M | 77.5M | 71.1M | 63.4M | 45.3M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — |
| Total assets | 146.5M | 118.3M | 400.1M | 506.8M | 430.8M | 376.5M | 349.6M | 359.1M |
| Accounts payable | 1.2M | 5.4M | 5.7M | 4.5M | 1.2M | 1.4M | 1.3M | 858K |
| Short-term debt | 734K | 880K | 1M | 1.3M | 7M | 5.2M | 5.8M | 6.4M |
| Total current liabilities | 23.9M | 33.6M | 43.9M | 51.2M | 44.5M | 42.8M | 45.2M | 33M |
| Long-term debt | 13.7M | 12.9M | 21.9M | 41.5M | 80.2M | 65.8M | 60M | 53.6M |
| Total liabilities | 226.2M | 230.2M | 119.3M | 117.2M | 141.6M | 130.3M | 133.6M | 102.5M |
| Shareholders' equity | -79.8M | -112M | 280.8M | 389.6M | 289.2M | 246.1M | 216M | 256.6M |
| Total debt | 14.5M | 13.7M | 22.9M | 42.9M | 87.2M | 71M | 65.8M | 60M |
| Net debt | -21.8M | -76.8M | -158.8M | -33.2M | 57.4M | -55.6M | 10.3M | -14.6M |
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 | 216.6M | 253.7M | 258.2M | 264.1M | 255.6M | 244.9M | 215.1M | 214.6M | 191.9M | 248.5M | 235.7M | 253.7M |
| Receivables | 500K | 11.8M | 13.6M | 1.2M | 10.3M | 3.1M | 8M | 2.2M | 6.5M | 2.4M | 2.9M | 1.3M |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 223.7M | 271.2M | 279.6M | 276M | 273.2M | 257.8M | 232.5M | 224.7M | 206.9M | 258.1M | 245.4M | 262.9M |
| Property, plant & equipment | 72.8M | 71.1M | 69.1M | 6.6M | 6.2M | 63.4M | 61.4M | 59.8M | 47.1M | 45.3M | 43.6M | 41.8M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 333M | 376.5M | 398.4M | 381.1M | 376.1M | 349.6M | 319.5M | 296.5M | 265.5M | 359.1M | 328.9M | 359.4M |
| Accounts payable | 1.3M | 1.4M | 1.6M | 913K | 1.5M | 1.3M | 683K | 2.2M | 1.3M | 858K | 773K | 1.1M |
| Short-term debt | 5.1M | 5.2M | 5.4M | 5.5M | 5.6M | 5.8M | 5.9M | 6.1M | 6.2M | 6.4M | 6.5M | 6.7M |
| Total current liabilities | 30.3M | 42.8M | 55M | 54.2M | 43.3M | 45.2M | 40.8M | 44.5M | 35.9M | 33M | 27.2M | 48.2M |
| Long-term debt | 67.1M | 65.8M | 64.4M | 62.9M | 61.5M | 60M | 58.4M | 56.9M | 55.2M | 53.6M | 51.9M | 50.2M |
| Total liabilities | 117M | 130.3M | 140.1M | 134M | 133.4M | 133.6M | 124.4M | 122.5M | 111.1M | 102.5M | 94.6M | 112.1M |
| Shareholders' equity | 216M | 246.1M | 258.3M | 247.1M | 242.7M | 216M | 195.1M | 174.1M | 154.4M | 256.6M | 234.2M | 247.3M |
| Total debt | 72.2M | 71M | 69.7M | 68.4M | 67.1M | 65.8M | 64.4M | 62.9M | 61.5M | 60M | 58.4M | 56.9M |
| Net debt | 11.2M | -55.6M | -19.9M | -4.7M | 7.4M | 10.3M | 13.1M | -15.2M | 2.7M | -14.6M | -2.8M | -21.8M |
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 | -15.7M | -34.1M | -66.3M | -83.9M | -128.2M | -132.5M | -105.3M | -105M |
| Depreciation & amortization | 1.3M | 1.6M | 1.6M | 1.5M | 1.7M | 1.9M | 1.8M | 2M |
| Stock-based compensation | 582K | 1.6M | 3.4M | 21.5M | 30M | 27.2M | 29.7M | 19.1M |
| Change in working capital | -5.4M | 82.1M | -12.5M | -28.4M | -22.3M | -11M | 13.2M | -24.4M |
| Operating cash flow | -16.9M | 52.4M | -72.1M | -87.1M | -112.1M | -107.7M | -60.6M | -98.7M |
| Capital expenditure | -2.7M | -1.3M | -650K | -1.3M | -5.5M | -1.7M | -180K | — |
| Investing cash flow | 36.9M | -1.6M | -190.5M | -189.3M | 58.4M | 158.3M | -51.3M | -8M |
| Dividends paid | — | — | — | — | — | — | — | — |
| Share repurchases | — | -30K | -194K | 0 | 0 | -110K | -194K | -193K |
| Financing cash flow | 2M | -60K | 348.8M | 169.1M | 370K | 45.4M | 44.6M | 126.3M |
| Net change in cash | 22M | 50.7M | 86.1M | -107.4M | -53.3M | 96.1M | -67.3M | 19.6M |
| Free cash flow | -19.7M | 54.3M | -67.9M | -88.2M | -111.4M | -108.5M | -65.3M | -99.3M |
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 | -27M | -34.8M | -28.4M | -17.7M | -24.7M | -34.6M | -26.3M | -26M | -32.2M | -20.5M | -25.1M | -23.6M |
| Depreciation & amortization | 447K | 430K | 448K | 448K | 442K | 480K | 456K | 615K | 460K | 428K | 404K | 292K |
| Stock-based compensation | 8.2M | 6.4M | 6.2M | 6.4M | 8.8M | 8.2M | 5.5M | 5M | 4.6M | 4M | 2.7M | 3M |
| Change in working capital | -12.1M | -3.1M | 15.7M | 8.1M | -14M | 3.5M | -7.4M | 3M | -13.4M | -6.5M | -4.9M | 15.1M |
| Operating cash flow | -28.8M | -29.5M | -4.5M | -2.7M | -29.4M | -22.4M | -27.8M | -12.1M | -31.2M | -22.1M | -29.9M | -1.6M |
| Capital expenditure | -600K | -157K | 0 | -197K | 13K | 4K | — | — | — | — | — | — |
| Investing cash flow | 57.7M | 31.9M | -53.4M | -11.7M | 162K | 13.7M | 29.1M | 39.1M | 4.5M | -80.7M | 16.2M | -14.8M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | -16K | 0 | -109K | 0 | -85K | 0 | -155K | 0 | -24K | -14K | -200K | 0 |
| Financing cash flow | -10.8M | -1K | 34.1M | 0 | 10.5M | 1K | -46K | 0 | 7.7M | 118.7M | -144K | 0 |
| Net change in cash | 18.2M | 2.4M | -23.9M | -14.4M | -18.7M | -8.8M | 1.3M | 27M | -19M | 15.8M | -13.9M | -16.4M |
| Free cash flow | -31.3M | -24.2M | -18.1M | -5.2M | -24.1M | -17.9M | -33.3M | -12.2M | -31.6M | -22.2M | -30M | -1.6M |