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 | -$0.52 | -$0.53 | -1.9% | — | $15.7M | — |
| Q1 26 | -$0.5 | -$0.5 | 0.0% | — | $14.8M | — |
| Q4 25 | -$0.44 | -$0.46 | -4.5% | — | $16M | — |
| Q3 25 | -$0.5 | -$0.49 | +2.0% | — | $14.7M | — |
| Q2 25 | -$0.52 | -$0.57 | -9.6% | — | $13.6M | — |
| Q1 25 | -$0.57 | -$0.53 | +7.0% | — | $12.3M | — |
| Q4 24 | -$0.38 | -$0.43 | -13.2% | — | $15.3M | — |
| Q3 24 | -$0.47 | -$0.57 | -21.3% | — | $13.4M | — |
| Q2 24 | -$0.55 | -$0.65 | -18.2% | — | $11.8M | — |
| Q1 24 | -$0.54 | -$1.04 | -92.6% | — | $10.8M | — |
| Q4 23 | -$0.55 | -$0.44 | +20.0% | — | $11.3M | — |
| Q3 23 | -$0.58 | -$0.43 | +25.9% | — | $10.5M | — |
| Q2 23 | -$0.58 | -$0.56 | +3.4% | — | $9.5M | — |
| Q1 23 | -$0.56 | -$0.55 | +1.8% | — | $8M | — |
| Q4 22 | -$0.56 | -$0.51 | +8.9% | — | $7.2M | — |
| Q3 22 | -$0.56 | -$0.48 | +14.3% | — | $6.2M | — |
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 | — | -$2.04 | — | — | $56.7M | — |
| FY24 | — | -$2.65 | — | — | $51.3M | — |
| FY23 | — | -$1.99 | — | — | $39.3M | — |
| FY22 | — | -$2.02 | — | — | $22.5M | — |
| FY21 | — | -$4.16 |
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 | $6.3M | $6.1M | $13M | $22.5M | $39.3M | $51.3M | $56.7M |
| YoY change | — | -3.26% | +115.4% | +72.4% | +74.9% | +30.5% | +10.4% |
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 | 6.3M | 6.1M | 13M | 22.5M | 39.3M | 51.3M | 56.7M |
| Cost of revenue | 1.7M | 1.4M | 3.6M | 5M | 6.3M | 8.3M | 8.3M |
| Gross profit | 4.6M | 4.6M | 9.4M | 17.5M | 33M | 43M | 48.3M |
| Gross margin | 73.1% | 76.2% | 72.1% | 77.8% | 84.1% | 83.8% | 85.3% |
| Research & development | 8.7M | 6.4M | 7.5M | 10M | 11.6M | 11.1M | 11.1M |
| Selling, general & administrative | 6.1M | 9.7M | 27.9M | 50M | 64.5M | 91.3M | 88.5M |
| Operating expenses | 14.8M | 16.1M | 35.4M | 60M | 76.1M | 102.4M | 99.6M |
| Operating income | -10.2M | -11.5M | -26M | -42.5M | -43.1M | -59.5M | -51.3M |
| Operating margin | -162.9% | -190.2% | -199.2% | -189.3% | -109.7% | -116% | -90.5% |
| Non-operating income, net | -2.6M | -40K | -14.8M | 1.4M | 3.9M | 4M | 3.8M |
| Pretax income | -14.6M | -14M | -43M | -41.3M | -41.1M | -59.9M | -53.3M |
| Income tax | 73K | 85K | 91K | 109K | 147K | 55K | -18K |
| Net income | -14.6M | -14.1M | -43.1M | -41.4M | -41.2M | -60M | -53.3M |
| Net margin | -233.9% | -233.1% | -330.5% | -184.4% | -104.8% | -116.9% | -94.1% |
| EBITDA | -12.8M | -11.5M | -40.6M | -40.7M | -38.7M | -54.9M | -46.7M |
| EPS | -1.42 | -38.8 | -4.16 | -2.02 | -1.99 | -2.65 | -2.04 |
| Diluted EPS | -1.42 | -38.8 | -4.16 | -2.02 | -1.99 | -2.65 | -2.04 |
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 | 10.5M | 11.3M | 10.8M | 11.8M | 13.4M | 15.3M | 12.3M | 13.6M | 14.7M | 16M | 14.8M | 15.7M |
| Cost of revenue | 1.7M | 1.7M | 1.6M | 1.9M | 2.2M | 2.6M | 2M | 2.1M | 1.9M | 2.2M | 1.9M | 2M |
| Gross profit | 8.8M | 9.6M | 9.2M | 9.9M | 11.1M | 12.8M | 10.3M | 11.4M | 12.8M | 13.8M | 12.9M | 13.7M |
| Gross margin | 83.9% | 84.8% | 85% | 83.9% | 83.2% | 83.2% | 83.5% | 84.3% | 86.8% | 86.3% | 87.2% | 87.4% |
| Research & development | 2.7M | 2.2M | 3.1M | 2.8M | 2.5M | 2.8M | 2.5M | 2.5M | 3.1M | 3M | 3.1M | 3.1M |
| Selling, general & administrative | 15.7M | 17M | 28.3M | 21.1M | 21.6M | 20.2M | 21.2M | 23.4M | 21.9M | 22M | 22M | 23.6M |
| Operating expenses | 18.3M | 19.2M | 31.4M | 23.9M | 24.1M | 23M | 23.7M | 25.8M | 25M | 25M | 25M | 26.7M |
| Operating income | -9.5M | -9.7M | -22.2M | -14M | -13M | -10.3M | -13.4M | -14.4M | -12.3M | -11.2M | -12.2M | -13M |
| Operating margin | -90.6% | -85.5% | -206.4% | -118.3% | -97.3% | -67% | -108.8% | -105.8% | -83.5% | -69.8% | -82.3% | -82.9% |
| Non-operating income, net | 1.1M | 1.1M | 1M | 944K | 917K | 1.1M | 1.1M | 1.1M | 875K | 660K | 593K | 560K |
| Pretax income | -9M | -9.1M | -22.1M | -14M | -13.1M | -10.7M | -13.8M | -14.7M | -12.9M | -11.9M | -13.1M | -14M |
| Income tax | 40K | 39K | 38K | 41K | 47K | -71K | -5K | -3K | -3K | -7K | 1K | 3K |
| Net income | -9M | -9.2M | -22.2M | -14M | -13.1M | -10.7M | -13.8M | -14.7M | -12.9M | -11.9M | -13.1M | -14M |
| Net margin | -85.7% | -81.1% | -206% | -118.8% | -98% | -69.4% | -111.5% | -108.4% | -87.6% | -74.5% | -88.8% | -89.4% |
| EBITDA | -8.3M | -8.4M | -21.1M | -12.9M | -11.9M | -9M | -12.1M | -13.1M | -11.2M | -10.3M | -11.4M | -12.3M |
| EPS | -0.43 | -0.44 | -1.04 | -0.65 | -0.57 | -0.43 | -0.53 | -0.57 | -0.49 | -0.46 | -0.5 | -0.53 |
| Diluted EPS | -0.43 | -0.44 | -1.04 | -0.65 | -0.57 | -0.43 | -0.53 | -0.57 | -0.49 | -0.46 | -0.5 | -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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Market cap | — | — | — | — | 652.5M | 286.3M | — | 69M |
| Enterprise value | — | — | — | — | 592.6M | 230.8M | — | 66.7M |
| Shares outstanding | 10.3M | 363.4K | 10.4M | 20.5M | 20.8M | 22.6M | 26.1M | 26.1M |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | -1.27 |
| P/S | — | — | — | — | 16.6 | 5.58 | — | 1.18 |
| P/B | — | — | — | — | 8.59 | 4.03 | — | 3.6 |
| EV/EBITDA | — | — | — | — | -15.3 | -4.2 | — | -1.4 |
| EV/Sales | — | — | — | — | 15.1 | 4.5 | — | 1.09 |
| Earnings yield | — | — | — | — | — | — | — | -78.8% |
| FCF yield | — | — | — | — | -6.07% | -14.1% | — | -34.5% |
| PEG | — | — | — | — | — | — | — | 0.18 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Gross margin | 73.1% | 76.2% | 72.1% | 77.8% | 84.1% | 83.8% | 85.3% | 87.4% |
| Operating margin | -162.9% | -190.2% | -199.2% | -189.3% | -109.7% | -116% | -90.5% | -82.9% |
| Net margin | -233.9% | -233.1% | -330.5% | -184.4% | -104.8% | -116.9% | -94.1% | -84.9% |
| ROE | 5.24% | 4.81% | -29.5% | -37.9% | -54.2% | -84.4% | -135.6% | -133.4% |
| ROA | -50.3% | -21.8% | -28.2% | -33.2% | -35.8% | -44.9% | -50.9% | -28.7% |
| ROIC | 3.57% | 3.46% | -668.1% | -422.2% | -269.5% | -382.5% | -363.1% | -329.6% |
| Return on tangible assets | -50.3% | -21.8% | -28.2% | -33.2% | -35.8% | -44.9% | -50.9% | -56.3% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Current ratio | 3.36 | 8.07 | 25.6 | 15.2 | 14.3 | 12.1 | 7.63 | 8.04 |
| Quick ratio | 3.12 | 7.65 | 24.9 | 14.3 | 12.9 | 10.9 | 6.72 | 6.87 |
| Debt / equity | -0.07 | -0.07 | 0 | 0.06 | 0.4 | 0.71 | 1.28 | 2.98 |
| Debt / assets | 0.65 | 0.3 | 0 | 0.06 | 0.27 | 0.38 | 0.48 | 0.64 |
| Net debt / EBITDA | 0.53 | 3.47 | 3.5 | 2.43 | 1.55 | 1.01 | 0.54 | 0.12 |
| Interest coverage | -7.47 | -4.68 | -18.4 | -249.4 | -21.8 | -12.6 | -8.15 | -7.62 |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0.6 | 16.7 | 1.26 | 1.09 | 1.89 | 2.27 | 2.17 | 2.33 |
| EPS (basic) | -1.42 | -38.8 | -4.16 | -2.02 | -1.99 | -2.65 | -2.04 | -2.04 |
| EPS (diluted) | -1.42 | -38.8 | -4.16 | -2.02 | -1.99 | -2.65 | -2.04 | -1.97 |
| Book value per share | -27 | -806.9 | 14.1 | 5.32 | 3.66 | 3.14 | 1.51 | 0.75 |
| FCF per share | -1.25 | -45.1 | -2.79 | -2.11 | -1.91 | -1.79 | -1.56 | -1.55 |
| Cash per share | 2.49 | 162.7 | 13.7 | 5.17 | 4.36 | 4.69 | 2.9 | 2.42 |
| Capex per share | 0.01 | 0.86 | 0.11 | 0.03 | 0.03 | 0.06 | — | — |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Capex / revenue | 1.69% | 5.14% | 9.07% | 3.05% | 1.5% | 2.65% | — | — |
| Capex / operating cash flow | -0.67% | -2.02% | -2.78% | -1.63% | -1.47% | -3.22% | — | — |
| Payout ratio | — | — | — | — | — | — | — | 0% |
| — |
| — |
| $13M |
| — |
| FY20 | — | -$38.8 | — | — | $6.1M | — |
| FY19 | — | -$1.42 | — | — | $6.3M | — |
| Q1 24 |
|---|
| Q2 24 |
|---|
| Q3 24 |
|---|
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $10.5M | $11.3M | $10.8M | $11.8M | $13.4M | $15.3M | $12.3M | $13.6M | $14.7M | $16M | $14.8M | $15.7M |
| YoY change | +69.9% | +57.5% | +35% | +24.3% | +27.2% | +35.7% | +14.7% | +15.1% | +9.85% | +4.45% | +19.6% | +15.6% |
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 | 25.7M | 59.1M | 142.1M | 106.2M | 90.6M | 105.9M | 75.7M |
| Receivables | 719K | 1.3M | 2.6M | 5.5M | 7.6M | 9.3M | 10.7M |
| Inventory | 2.1M | 3.3M | 3.9M | 7M | 11M | 12.1M | 12.2M |
| Total current assets | 28.9M | 64.3M | 151.1M | 122.9M | 112.1M | 129.8M | 101.6M |
| Property, plant & equipment | 174K | 410K | 1.4M | 2M | 3.1M | 3.6M | 3.1M |
| Goodwill & intangibles | — | — | — | — | — | — | — |
| Total assets | 29.1M | 64.8M | 152.5M | 124.9M | 115.2M | 133.4M | 104.8M |
| Accounts payable | 437K | 483K | 510K | 1.7M | 1.9M | 2.6M | 3.8M |
| Short-term debt | — | — | — | 222K | 231K | 282K | 352K |
| Total current liabilities | 8.6M | 8M | 5.9M | 8.1M | 7.9M | 10.8M | 13.3M |
| Long-term debt | 19M | 19.3M | 0 | 6.9M | 30.4M | 50.1M | 50.2M |
| Total liabilities | 308.1M | 358M | 6.6M | 15.8M | 39.3M | 62.4M | 65.5M |
| Shareholders' equity | -279M | -293.2M | 146M | 109.2M | 75.9M | 71.1M | 39.3M |
| Total debt | 19M | 19.3M | 0 | 7.1M | 30.6M | 50.4M | 50.5M |
| Net debt | -6.7M | -39.8M | -142.1M | -99.1M | -60M | -55.5M | -25.2M |
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 | 83M | 90.6M | 80.1M | 70.4M | 100.2M | 105.9M | 102.7M | 95M | 85.1M | 75.7M | 72.3M | 64.6M |
| Receivables | 6.4M | 7.6M | 8.5M | 8.6M | 9M | 9.3M | 9M | 7.2M | 8.2M | 10.7M | 9.1M | 9.4M |
| Inventory | 10.9M | 11M | 11.1M | 11.2M | 11.9M | 12.1M | 11.7M | 11.7M | 11.4M | 12.2M | 12.4M | 13M |
| Total current assets | 103.6M | 112.1M | 102.3M | 92M | 123.9M | 129.8M | 126.1M | 116.1M | 107.9M | 101.6M | 96.8M | 89.5M |
| Property, plant & equipment | 1.7M | 3.1M | 3.8M | 4M | 3.8M | 3.6M | 3.4M | 3.4M | 3.4M | 3.1M | 3M | 2.8M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 106.4M | 115.2M | 106.2M | 96M | 127.7M | 133.4M | 129.6M | 119.6M | 111.3M | 104.8M | 99.7M | 92.3M |
| Accounts payable | 1.1M | 1.9M | 2.6M | 3.5M | 3.3M | 2.6M | 2.8M | 3M | 3.6M | 3.8M | 3M | 3.9M |
| Short-term debt | 170K | 231K | 239K | 247K | 275K | 282K | 290K | 333K | 342K | 352K | 361K | 371K |
| Total current liabilities | 7.4M | 7.9M | 8.4M | 9.1M | 10.9M | 10.8M | 8.5M | 9.7M | 11.2M | 13.3M | 9.5M | 11.1M |
| Long-term debt | 15.2M | 30.4M | 30.4M | 30.3M | 50.2M | 50.1M | 50.1M | 50.2M | 50.2M | 50.2M | 59M | 59M |
| Total liabilities | 23.6M | 39.3M | 39.9M | 40.7M | 62.5M | 62.4M | 60.2M | 61.6M | 63.3M | 65.5M | 70.6M | 72.3M |
| Shareholders' equity | 82.8M | 75.9M | 66.3M | 55.2M | 65.2M | 71.1M | 69.4M | 57.9M | 48.1M | 39.3M | 29.1M | 20M |
| Total debt | 15.4M | 30.6M | 30.6M | 30.6M | 50.4M | 50.4M | 50.4M | 50.5M | 50.5M | 50.5M | 59.4M | 59.4M |
| Net debt | -67.6M | -60M | -49.5M | -39.8M | -49.7M | -55.5M | -52.2M | -44.5M | -34.6M | -25.2M | -12.9M | -5.2M |
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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Net income | -14.6M | -14.1M | -43.1M | -41.4M | -41.2M | -60M | -53.3M |
| Depreciation & amortization | 56K | 75K | 168K | 412K | 522K | 619K | 756K |
| Stock-based compensation | 66K | 132K | 1.9M | 3.9M | 6.3M | 19.1M | 11.1M |
| Change in working capital | -1.4M | -1.8M | -1.8M | -4.8M | -5.9M | -2.1M | -244K |
| Operating cash flow | -15.8M | -15.4M | -42.6M | -41.9M | -40.1M | -42.2M | -40.2M |
| Capital expenditure | -106K | -311K | -1.2M | -685K | -591K | -1.4M | — |
| Investing cash flow | -106K | -311K | -1.2M | -685K | -591K | -1.4M | — |
| Dividends paid | — | — | — | — | — | — | — |
| Share repurchases | — | 0 | -1K | 0 | — | — | — |
| Financing cash flow | 29.5M | 49.8M | 111.9M | 6.7M | 22.3M | 52.4M | 9M |
| Net change in cash | 13.7M | 34.1M | 68.1M | -35.9M | -18.4M | 8.8M | -31.2M |
| Free cash flow | -12.9M | -16.4M | -28.9M | -43.4M | -39.6M | -40.5M | -40.8M |
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 | 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 | -9M | — | — | — | — | — | — | — | -12.9M | -11.9M | -13.1M | -14M |
| Depreciation & amortization | 137K | — | — | — | — | — | — | — | 194K | 185K | 205K | 209K |
| Stock-based compensation | 1.5M | — | — | — | — | — | — | — | 2.9M | 2.8M | 2.9M | 3.7M |
| Change in working capital | -1.4M | — | — | — | — | — | — | — | -134K | -3.1M | 529K | -47K |
| Operating cash flow | -8.7M | — | — | — | — | — | — | — | -9.7M | -9.8M | -12.2M | -8.8M |
| Capital expenditure | -39K | — | — | — | — | — | — | — | — | — | — | — |
| Investing cash flow | -39K | — | — | — | — | — | — | — | — | — | — | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | -43K | — |
| Financing cash flow | 0 | — | — | — | — | — | — | — | -45K | -179K | 8.8M | -3K |
| Net change in cash | -8.7M | — | — | — | — | — | — | — | -9.8M | -9.9M | -3.3M | -8.8M |
| Free cash flow | -8.2M | -8M | -11.8M | -10.2M | -10.4M | -8.1M | -12.9M | -8M | -10M | -9.8M | -12.3M | -8.9M |