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 | -$0.32 | -$1.2 | -275.0% | — | — | — |
| Q3 25 | -$0.94 | -$4.15 | -341.5% | — | — | — |
| Q2 25 | -$0.46 | -$3.85 | -737.0% | — | — | — |
| Q1 25 | -$0.8 | -$10.2 | -1175.0% | — | $7.3M | — |
| Q3 24 | -$2.6 | -$3.2 | -23.1% | — | $11.3M | — |
| Q2 24 | -$2.2 | -$4.4 | -100.0% | — | $8.2M | — |
| Q1 24 | -$3.4 | -$2 | +41.2% | — | $23M | — |
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 | — | -$7.7 | — | — | $20.1M | — |
| FY24 | — | -$18 | — | — | $51.1M | — |
| FY23 | — | -$0.63 | — | — | $90.9M | — |
| FY22 | — | $0.11 | — | — | $84M | — |
| FY21 | — | -$0.04 | — | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Revenue | $37.9M | $56M | $84M | $90.9M | $51.1M | $20.1M |
| YoY change | — | +47.9% | +49.8% | +8.32% | -43.8% | -60.7% |
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 | Q1 24 | Q2 24 | Q3 24 |
|---|
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Revenue | 37.9M | 56M | 84M | 90.9M | 51.1M | 20.1M |
| Cost of revenue | 44.7M | 56M | 60.7M | 80.7M | 26.5M | 4.7M |
| Gross profit | -6.8M | 34K | 23.3M | 10.3M | 24.6M | 15.4M |
| Gross margin | -18.1% | 0.06% | 27.7% | 11.3% | 48.2% | 76.4% |
| Research & development | — | — | — | — | — | — |
| Selling, general & administrative | 3.8M | 6.8M | 7.9M | 7.8M | 7.5M | 6.6M |
| Operating expenses | 19.3M | 22.1M | 31.7M | 38.3M | 37.3M | 22.3M |
| Operating income | -26.3M | -22.1M | -8.4M | -28.6M | -13.3M | -7.6M |
| Operating margin | -69.5% | -39.5% | -10.1% | -31.4% | -26% | -37.7% |
| Non-operating income, net | 86K | 1.7M | 23.3M | 5.3M | -3.1M | -9.1M |
| Pretax income | -25.5M | -21.2M | 14M | -27.6M | -21.5M | -23M |
| Income tax | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income | -25.5M | -21.2M | 14M | -27.6M | -21.5M | -23M |
| Net margin | -67.4% | -37.8% | 16.6% | -30.3% | -42% | -114.6% |
| EBITDA | -18.3M | -10M | 1.4M | -17M | -9.9M | -14M |
| EPS | -0.28 | -0.04 | 0.11 | -0.63 | -18 | -7.7 |
| Diluted EPS | -0.28 | -0.04 | 0.1 | -0.63 | -18 | -7.7 |
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 | 17M | 23.9M | 23M | 8.2M | 11.3M | 8.7M | 7.3M | 5.1M | 3.6M | 4.1M | 4.3M | 4.2M |
| Cost of revenue | 18.6M | 21M | 16.8M | 3.3M | 3.1M | 3.3M | 3.5M | 1.3M | 0 | 0 | 0 | 0 |
| Gross profit | -1.6M | 3M | 6.2M | 4.9M | 8.2M | 5.4M | 3.8M | 3.8M | 3.6M | 4.1M | 4.3M | 4.2M |
| Gross margin | -9.51% | 12.3% | 26.9% | 59.5% | 72.6% | 61.9% | 52.3% | 74.8% | 100% | 100% | 100% | 100% |
| Research & development | — | — | — | — | — | — | — | — | — | — | — | — |
| Selling, general & administrative | 1.9M | 2M | 2M | 2.3M | 1.6M | 1.6M | 1.7M | 1.3M | 1.6M | 1.9M | 2M | 989K |
| Operating expenses | 9.6M | 9.5M | 10.4M | 9.2M | 7.2M | 10.6M | 6.2M | 5.5M | 5.3M | 5.2M | 6.9M | 8.2M |
| Operating income | -11.4M | -6.7M | -4.4M | -4.5M | 874K | -5.4M | -2.6M | -1.8M | -1.9M | -1.3M | -2.7M | -4.2M |
| Operating margin | -67% | -28.1% | -19% | -54.7% | 7.73% | -61.6% | -35.9% | -36% | -51.3% | -30.8% | -63.9% | -99% |
| Non-operating income, net | 414K | 3.9M | 272K | 318K | 425K | -4.1M | -366K | -2.2M | -1M | -5.6M | -2.1M | -339K |
| Pretax income | -12.2M | -4.1M | -5.3M | -5.3M | 1K | -10.9M | -4.6M | -5.7M | -4.7M | -8.1M | -5.9M | -5.5M |
| Income tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income | -12.2M | -4.1M | -5.3M | -5.3M | 1K | -10.9M | -4.6M | -5.7M | -4.7M | -8.1M | -5.9M | -5.5M |
| Net margin | -71.8% | -17.1% | -22.9% | -65% | 0.01% | -125.4% | -62.7% | -112.4% | -129.6% | -195.3% | -138.1% | -131.4% |
| EBITDA | -8M | -5.2M | -1.7M | -2.3M | 2.7M | -8.5M | -1.8M | -3.4M | -1.9M | -6.3M | -3.9M | -3.3M |
| EPS | -0.16 | -0.11 | -0.18 | -4.4 | 0.2 | -10.2 | -3.59 | -4.15 | -1.65 | -1.24 | -0.52 | -0.38 |
| Diluted EPS | -0.16 | -0.11 | -0.18 | -4.4 | 0.2 | -10.2 | -3.59 | -4.15 | -1.65 | -1.24 | -0.52 | -0.38 |
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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Market cap | — | — | — | 518.2M | — | — | 6.8M |
| Enterprise value | — | — | — | 724.1M | — | — | 163.2M |
| Shares outstanding | 19.7M | 19.7M | 19.6M | 20.1M | 1.1M | 2.8M | 2.8M |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | 132 |
| P/S | — | — | — | 5.7 | — | — | 0.4 |
| P/B | — | — | — | 7.85 | — | — | 0.17 |
| EV/EBITDA | — | — | — | -42.7 | — | — | -21.2 |
| EV/Sales | — | — | — | 7.96 | — | — | 10 |
| Earnings yield | — | — | — | — | — | — | 0.76% |
| FCF yield | — | — | — | -3.61% | — | — | -388.2% |
| PEG | — | — | — | — | — | — | -1.45 |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Gross margin | -18.1% | 0.06% | 27.7% | 11.3% | 48.2% | 76.4% | 100% |
| Operating margin | -69.5% | -39.5% | -10.1% | -31.4% | -26% | -37.7% | -99% |
| Net margin | -67.4% | -37.8% | 16.6% | -30.3% | -42% | -114.6% | -117.3% |
| ROE | -52.7% | -42.6% | 18.1% | -41.8% | -190.8% | -87.8% | -283% |
| ROA | -11.2% | -8.62% | 5% | -9.22% | -20.3% | -17% | -5.29% |
| ROIC | -13.6% | -10.6% | -3.42% | -10.5% | -14.7% | -6.5% | -6.46% |
| Return on tangible assets | -11.2% | -8.62% | 5.01% | -9.22% | -20.3% | -25.9% | -18.4% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Current ratio | 2.61 | 3.35 | 3.6 | 3.08 | 1.81 | 2.45 | 1.26 |
| Quick ratio | 2.61 | 2.7 | 3.59 | 3.07 | 1.8 | 2.4 | 2.86 |
| Debt / equity | 3.12 | 3.35 | 2.3 | 3.18 | 7.27 | 3.55 | 3.53 |
| Debt / assets | 0.66 | 0.68 | 0.64 | 0.7 | 0.77 | 0.69 | 0.69 |
| Net debt / EBITDA | -7.91 | -15.8 | 122.1 | -12.1 | -8.05 | -6.44 | -7.8 |
| Interest coverage | — | -28.7 | 14.2 | -4.85 | -2.96 | -2.43 | -2.99 |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Revenue per share | 1.93 | 2.85 | 4.29 | 4.53 | 46.5 | 7.1 | 2.63 |
| EPS (basic) | -0.28 | -0.04 | 0.11 | -0.63 | -18 | -7.7 | -7.7 |
| EPS (diluted) | -0.28 | -0.04 | 0.1 | -0.63 | -18 | -7.7 | -0.62 |
| Book value per share | 2.46 | 2.53 | 3.94 | 3.29 | 10.2 | 9.27 | -0.16 |
| FCF per share | -0.8 | -0.76 | -0.38 | -0.93 | 0.5 | -4.26 | -1.64 |
| Cash per share | 0.33 | 0.43 | 0.39 | 0.19 | 2.11 | 1.01 | 0.18 |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Payout ratio | -0.96% | 0% | — | — | — | — | 0% |
| $56M |
| — |
| FY20 | — | -$0.28 | — | — | $37.9M | — |
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $17M | $23.9M | $23M | $8.2M | $11.3M | $8.7M | $7.3M | $5.1M | $3.6M | $4.1M | $4.3M | $4.2M |
| YoY change | -12.7% | +11.5% | -22.3% | -60% | -33.6% | -63.7% | -68.4% | -38% | -67.8% | -52.5% | -40.9% | -17.3% |
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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Cash & short-term investments | 6.5M | 8.4M | 7.7M | 3.8M | 2.3M | 2.9M |
| Receivables | 770K | 1.3M | 2.3M | 2.2M | 576K | 118K |
| Inventory | 83K | 11.1M | 138K | 142K | 51K | 524K |
| Total current assets | 29.5M | 57.1M | 59.2M | 67.8M | 20.8M | 25.6M |
| Property, plant & equipment | — | — | 10.2M | 10.5M | 147K | 10.9M |
| Goodwill & intangibles | 252K | 0 | 361K | 184K | 0 | 46.3M |
| Total assets | 227.3M | 245.6M | 278.8M | 299.4M | 105.5M | 135.4M |
| Accounts payable | 10.4M | 15.1M | 15.6M | 20.6M | 10.7M | 9M |
| Short-term debt | 2.3M | 6M | 7.3M | — | — | — |
| Total current liabilities | 11.3M | 17M | 16.5M | 22M | 11.5M | 10.4M |
| Long-term debt | 148.8M | 160.3M | 170.3M | 209.6M | 81.8M | 93.1M |
| Total liabilities | 178.9M | 196M | 201.6M | 233.4M | 94.3M | 109.2M |
| Shareholders' equity | 48.4M | 49.7M | 77.2M | 66M | 11.3M | 26.2M |
| Total debt | 151.1M | 166.3M | 177.6M | 209.6M | 81.8M | 93.1M |
| Net debt | 144.5M | 157.9M | 170M | 205.8M | 79.4M | 90.3M |
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 | 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 | 5.5M | 3.8M | 2.1M | 1.8M | 1.6M | 2.3M | 1.6M | 683K | 10.9M | 2.9M | 931K | 1.8M |
| Receivables | 2.6M | 2.2M | 943K | 644K | 587K | 576K | 589K | 416K | 537K | 118K | 144K | 157K |
| Inventory | 148K | 142K | 44K | 41K | 41K | 51K | 66K | 0 | 0 | 524K | — | — |
| Total current assets | 61.5M | 67.8M | 64.8M | 75.9M | 76.1M | 20.8M | 20.8M | 13.3M | 27.1M | 25.6M | 32M | 33.9M |
| Property, plant & equipment | 9M | 10.5M | 182K | 170K | 159K | 147K | 135K | 123K | 110K | 10.9M | 10.8M | 10.8M |
| Goodwill & intangibles | 419K | 184K | 0 | 0 | 0 | 0 | — | — | 19.9M | 46.3M | 46.1M | 46M |
| Total assets | 324.7M | 299.4M | 201.5M | 195.2M | 158.6M | 105.5M | 103.6M | 59.3M | 82.6M | 135.4M | 179.6M | 177.7M |
| Accounts payable | 18.8M | 20.6M | 12.5M | 11.5M | 10.1M | 10.7M | 10.5M | 10M | 9.6M | 9M | 9.9M | 10.2M |
| Short-term debt | — | — | — | — | — | — | — | — | 6.7M | — | 12.9M | — |
| Total current liabilities | 20.2M | 22M | 13.5M | 12.2M | 10.7M | 11.5M | 11.4M | 10.8M | 16.7M | 10.4M | 24.1M | 11.9M |
| Long-term debt | 227.4M | 209.6M | 100.7M | 86.8M | 83.5M | 81.8M | 83.2M | 64.4M | 56M | 93.1M | 109.3M | 122.4M |
| Total liabilities | 250M | 233.4M | 115M | 100M | 95.3M | 94.3M | 96.3M | 76.9M | 76.5M | 109.2M | 140.9M | 142.9M |
| Shareholders' equity | 74.8M | 66M | 86.5M | 95.2M | 63.3M | 11.3M | 7.4M | -17.6M | 6.1M | 26.2M | 38.7M | 34.7M |
| Total debt | 227.4M | 209.6M | 100.7M | 86.8M | 83.5M | 81.8M | 83.2M | 64.4M | 62.6M | 93.1M | 122.2M | 122.4M |
| Net debt | 221.8M | 205.8M | 98.6M | 85M | 82M | 79.4M | 81.7M | 63.8M | 51.7M | 90.3M | 121.3M | 120.6M |
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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Net income | -25.5M | -21.2M | 14M | -27.6M | -21.5M | -23M |
| Depreciation & amortization | 8M | 10.5M | 9.3M | 10.9M | 6.2M | 2.3M |
| Stock-based compensation | -110K | 24K | 547K | 3.7M | 2.4M | 1.9M |
| Change in working capital | 1.9M | -6M | 11M | 1.2M | 3M | -5.6M |
| Operating cash flow | -14.7M | -15.9M | 35.2M | -13.2M | -9.4M | -12.1M |
| Capital expenditure | — | — | — | — | — | — |
| Investing cash flow | -222K | -1.9M | -24.7M | -7.8M | -15.9M | -22.6M |
| Dividends paid | -244K | 0 | — | — | — | — |
| Share repurchases | -291K | -317K | -313K | -183K | 0 | — |
| Financing cash flow | 18.4M | 26.3M | 25.6M | 18.6M | 6.3M | 36.9M |
| Net change in cash | 3.5M | 8.5M | 36.1M | -2.4M | -19M | 2.3M |
| Free cash flow | -15.8M | -15M | -7.4M | -18.7M | 555K | -12.1M |
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 | -12.2M | -4.1M | -5.3M | -5.3M | 1K | -10.9M | -4.6M | -5.7M | -4.7M | -8.1M | -5.9M | -5.5M |
| Depreciation & amortization | 2.9M | 2.6M | 2.2M | 1.7M | 1.3M | 893K | 1.2M | 576K | 264K | 284K | 598K | 867K |
| Stock-based compensation | 393K | 709K | 400K | 586K | 737K | 655K | 661K | 368K | 573K | 342K | 345K | 682K |
| Change in working capital | 806K | -2.5M | 1.5M | 2M | -2.9M | 2.4M | -327K | 284K | -2.2M | -3.4M | -464K | -421K |
| Operating cash flow | -7.7M | -2.9M | -794K | -1M | -705K | -6.9M | -3M | -1.2M | -4.6M | -4.5M | -2.6M | -2.7M |
| Capital expenditure | — | — | — | — | — | — | — | — | — | — | — | — |
| Investing cash flow | 879K | -2.2M | -15.1M | 2.1M | 4.3M | -7.2M | 106K | -3.4M | -2.1M | -17.2M | -128K | 935K |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | -278K | 0 |
| Share repurchases | 0 | 0 | 0 | 0 | 0 | 0 | — | — | — | — | -2K | 0 |
| Financing cash flow | 5.8M | -51.3M | 5.3M | -2.7M | -1.5M | 5.3M | 1.3M | 4.4M | 27.4M | 3.8M | 1.8M | 2.2M |
| Net change in cash | -1M | -56.4M | -10.6M | -1.6M | 2.1M | -8.8M | -1.6M | -241K | 20.8M | -17.9M | -955K | 506K |
| Free cash flow | -7.7M | -7.6M | -1.5M | 1.4M | -74K | 754K | -1.7M | -1.2M | -15.3M | 6.1M | -2.6M | -2.7M |