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 | -$0.15 | -$0.13 | +13.3% | — | $9M | — |
| Q1 26 | -$0.15 | -$0.14 | +6.7% | — | $7.6M | — |
| Q4 25 | -$0.17 | -$0.14 | +17.6% | — | $11.3M | — |
| Q3 25 | -$0.16 | -$0.14 | +12.5% | — | $8M | — |
| Q2 25 | -$0.15 | -$0.13 | +13.3% | — | $7.5M | — |
| Q1 25 | -$0.17 | -$0.15 | +11.8% | — | $5.1M | — |
| Q4 24 | -$0.18 | -$0.11 | +38.9% | — | $9.7M | — |
| Q3 24 | -$0.2 | -$0.17 | +15.0% | — | $4.3M | — |
| Q2 24 | -$0.23 | -$0.14 | +39.1% | — | $3.8M | — |
| Q1 24 | -$0.29 | -$0.31 | -6.9% | — | $5.3M | — |
| Q4 23 | -$0.27 | -$0.28 | -3.7% | — | $7.4M | — |
| Q3 23 | -$0.23 | -$0.19 | +17.4% | — | $200K | — |
| Q2 23 | -$0.22 | -$0.19 | +13.6% | — | $42K | — |
| Q1 23 | -$0.21 | -$0.2 | +4.8% | — | $21K | — |
| Q4 22 | -$0.16 | -$0.19 | -18.8% | — | $1.1M | — |
| Q3 22 | -$0.16 | -$0.15 | +6.3% | — | $8K | — |
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 | — | -$0.75 | — | — | $31.8M | — |
| FY24 | — | -$1.27 | — | — | $23.1M | — |
| FY23 | — | -$1.35 | — | — | $7.6M | — |
| FY22 | — | -$0.34 | — | — | $6.2M | — |
| 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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $6.2M | $7.6M | $23.1M | $31.8M |
| YoY change | — | 0% | +InfinityT% | +23.3% | +201.9% | +37.9% |
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 | 0 | 0 | 6.2M | 7.6M | 23.1M | 31.8M |
| Cost of revenue | 3.4M | 2M | 23.2M | 63.1M | 25.1M | 25.7M |
| Gross profit | -3.4M | -2M | -17M | -55.4M | -2M | 6.1M |
| Gross margin | — | — | -274.7% | -725% | -8.86% | 19.2% |
| Research & development | 14.4M | 37.9M | 58.1M | 88.4M | 124.5M | 110.3M |
| Selling, general & administrative | 5.7M | 29.7M | 52M | 79M | 74.3M | 73M |
| Operating expenses | 20.2M | 67.6M | 110M | 167.4M | 198.8M | 183.4M |
| Operating income | -23.5M | -69.5M | -127.1M | -222.8M | -200.9M | -177.3M |
| Operating margin | — | — | -2K% | -2.9K% | -870.5% | -557% |
| Non-operating income, net | -16M | -56.2M | 70.2M | -1.6M | -28.6M | 27.9M |
| Pretax income | -39.6M | -125.9M | -51.6M | -214.8M | -223.9M | -157.9M |
| Income tax | — | 0 | 0 | -633K | -1.4M | -1.3M |
| Net income | -39.6M | -125.9M | -51.6M | -214.1M | -222.5M | -156.6M |
| Net margin | — | — | -832.3% | -2.8K% | -964.4% | -492.1% |
| EBITDA | -25.3M | -68M | -113.9M | -175M | -142.6M | -127.8M |
| EPS | -0.27 | -1.07 | -0.34 | -1.35 | -1.27 | -0.75 |
| Diluted EPS | -0.27 | -1.07 | -0.82 | -1.38 | -1.27 | -0.75 |
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 | 200K | 7.4M | 5.3M | 3.8M | 4.3M | 9.7M | 5.1M | 7.5M | 8M | 11.3M | 7.6M | 9M |
| Cost of revenue | 16.8M | 19.8M | 7.1M | 4.4M | 5M | 8.7M | 4.8M | 5.5M | 6.6M | 8.8M | 6M | 7.7M |
| Gross profit | -16.6M | -12.4M | -1.8M | -655K | -642K | 1.1M | 261K | 1.9M | 1.4M | 2.5M | 1.6M | 1.3M |
| Gross margin | -8.3K% | -167.8% | -34.1% | -17.4% | -14.9% | 10.8% | 5.12% | 26% | 17.5% | 22.2% | 20.4% | 14.4% |
| Research & development | 13.5M | 34.6M | 48.8M | 29.1M | 24.2M | 22.4M | 25.9M | 28.1M | 28.2M | 28.1M | 26.5M | 24.4M |
| Selling, general & administrative | 17.2M | 17.8M | 19.5M | 20.9M | 20.7M | 13.1M | 16.9M | 17.5M | 20.2M | 18.4M | 18.9M | 20.2M |
| Operating expenses | 30.8M | 52.4M | 68.3M | 49.9M | 45M | 35.6M | 42.8M | 45.7M | 48.4M | 46.5M | 45.4M | 44.6M |
| Operating income | -47.4M | -64.8M | -70.1M | -50.6M | -45.6M | -34.5M | -42.6M | -43.7M | -47M | -44M | -43.9M | -43.3M |
| Operating margin | -23.7K% | -877.6% | -1.3K% | -1.3K% | -1.1K% | -355.2% | -834.8% | -585.6% | -587.9% | -390.5% | -577.6% | -479.8% |
| Non-operating income, net | 28.4M | 1.6M | 21.6M | -71.6M | 24M | -2.7M | 18.1M | -2.1M | 2M | 9.9M | 6.7M | 1.2M |
| Pretax income | -16.2M | -60.7M | -46.6M | -120.5M | -20.4M | -36.3M | -23.7M | -45.1M | -54.2M | -34.9M | -38.4M | -43.5M |
| Income tax | — | — | -152K | -4.6M | 2.2M | 1.2M | -162K | -861K | -422K | 133K | -129K | -441K |
| Net income | -16.2M | -60M | -46.5M | -115.9M | -22.6M | -37.5M | -23.5M | -44.3M | -53.8M | -35M | -38.3M | -43.1M |
| Net margin | -8.1K% | -813.4% | -882% | -3.1K% | -524.4% | -385.4% | -461.6% | -592.7% | -673% | -311.1% | -503.4% | -477.4% |
| EBITDA | -39M | -38.1M | -41.1M | -41.1M | -38.5M | -21.9M | -29.3M | -33.5M | -34.9M | -30.1M | -28.4M | -27.1M |
| EPS | -0.1 | -0.36 | -0.28 | -0.67 | -0.13 | -0.2 | -0.12 | -0.22 | -0.26 | -0.16 | -0.18 | -0.2 |
| Diluted EPS | -0.29 | -0.36 | -0.28 | -0.67 | -0.3 | -0.2 | -0.12 | -0.22 | -0.27 | -0.16 | -0.18 | -0.2 |
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 | — | — | — | — | — | — | 560.7M |
| Enterprise value | — | — | — | — | — | — | 614.8M |
| Shares outstanding | 145.2M | 117.2M | 152.9M | 159.1M | 175M | 207.6M | 207.6M |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | -3.41 |
| P/S | — | — | — | — | — | — | 15.6 |
| P/B | — | — | — | — | — | — | 2.6 |
| EV/EBITDA | — | — | — | — | — | — | -4.36 |
| EV/Sales | — | — | — | — | — | — | 17.1 |
| Earnings yield | — | — | — | — | — | — | -29.4% |
| FCF yield | — | — | — | — | — | — | -12.4% |
| PEG | — | — | — | — | — | — | 0.37 |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Gross margin | — | — | -274.7% | -725% | -8.86% | 19.2% | 14.4% |
| Operating margin | — | — | -2K% | -2.9K% | -870.5% | -557% | -479.8% |
| Net margin | — | — | -832.3% | -2.8K% | -964.4% | -492.1% | 19.2% |
| ROE | -109.5% | -38.6% | -14.5% | -82% | -89.2% | -57.2% | -81.3% |
| ROA | -61% | -26.1% | -11.7% | -37.9% | -42.2% | -17.8% | -17.6% |
| ROIC | — | 138.8% | -303.9% | -153.8% | -118.8% | -58.6% | -65.1% |
| Return on tangible assets | -61% | -26.1% | -11.7% | -47% | -51.8% | -19.8% | -23.7% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Current ratio | 3.04 | 19.3 | 14.3 | 5.3 | 5.49 | 8.34 | 9.71 |
| Quick ratio | 3.04 | 19.3 | 14.3 | 5.15 | 5.35 | 8.13 | 9.37 |
| Debt / equity | 0 | 0.03 | 0.02 | 0.73 | 0.77 | 1.97 | 2.56 |
| Debt / assets | 0 | 0.02 | 0.02 | 0.34 | 0.37 | 0.61 | 0.67 |
| Net debt / EBITDA | 1.15 | 5.53 | 2.76 | 0.66 | 0.56 | -0.22 | -0.51 |
| Interest coverage | -369.6 | -672.1 | — | -47.2 | -32 | -6.31 | -4.39 |
| Effective tax rate | — | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 0.04 | 0.05 | 0.13 | 0.15 | 0.17 |
| EPS (basic) | -0.27 | -1.07 | -0.34 | -1.35 | -1.27 | -0.75 | -0.75 |
| EPS (diluted) | -0.27 | -1.07 | -0.82 | -1.38 | -1.27 | -0.75 | -0.79 |
| Book value per share | 0.25 | 2.78 | 2.33 | 1.64 | 1.42 | 1.32 | 0.98 |
| FCF per share | -0.32 | -0.81 | -0.78 | -1.05 | -1.06 | -0.55 | -0.57 |
| Cash per share | 0.2 | 3.29 | 2.11 | 1.93 | 1.56 | 2.47 | 2.22 |
| Capex per share | 0.19 | 0.37 | 0.24 | 0.39 | 0.44 | — | — |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Capex / revenue | — | — | 583.9% | 808.4% | 330.2% | — | — |
| Capex / operating cash flow | -75.4% | -39.9% | -227% | -59.3% | -56.2% | — | — |
| Payout ratio | — | — | — | — | — | — | 0% |
| — |
| $0 |
| — |
| FY20 | — | -$0.27 | — | — | $0 | — |
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $200K | $7.4M | $5.3M | $3.8M | $4.3M | $9.7M | $5.1M | $7.5M | $8M | $11.3M | $7.6M | $9M |
| YoY change | +2.4K% | +575.3% | +25K% | +8.9K% | +2.1K% | +31.6% | -3.3% | +98.2% | +85.1% | +15.9% | +49.1% | +20.8% |
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 | 29.1M | 385.3M | 322.9M | 306.8M | 272.9M | 512M |
| Receivables | — | 0 | 170K | 909K | 4.6M | 4.4M |
| Inventory | — | 0 | 634K | 8.7M | 7.7M | 13.6M |
| Total current assets | 33M | 398.1M | 329.6M | 323.2M | 295M | 542.2M |
| Property, plant & equipment | 35.4M | 83.3M | 110M | 145.1M | 147.8M | 139.1M |
| Goodwill & intangibles | — | — | 0 | 108.5M | 97.2M | 87.7M |
| Total assets | 65M | 482.6M | 440.6M | 564.3M | 527.2M | 879M |
| Accounts payable | 2.1M | 3.1M | 7.1M | 21.3M | 9.5M | 17.8M |
| Short-term debt | — | — | — | 5.9M | 9.5M | 9.9M |
| Total current liabilities | 10.9M | 20.6M | 23M | 61M | 53.7M | 65M |
| Long-term debt | 0 | 9.1M | 8.2M | 184.7M | 183.1M | 530.5M |
| Total liabilities | 28.7M | 156.4M | 84.2M | 303.2M | 277.8M | 605M |
| Shareholders' equity | 36.2M | 326.1M | 356.4M | 261.1M | 249.4M | 274M |
| Total debt | 0 | 9.1M | 8.2M | 190.6M | 192.6M | 540.4M |
| Net debt | -29.1M | -376.2M | -314.6M | -42.5M | -80.3M | 434.4M |
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 | 371.3M | 306.8M | 262.4M | 249.9M | 200.9M | 272.9M | 248.2M | 203.4M | 558.8M | 512M | 528.7M | 475.8M |
| Receivables | 1K | 909K | 1.7M | 1.7M | 1.9M | 4.6M | 2.9M | 4.2M | 4.6M | 4.4M | 3.9M | 3.1M |
| Inventory | 215K | 8.7M | 6.5M | 9.5M | 9.6M | 7.7M | 10.5M | 13.4M | 15.2M | 13.6M | 16.5M | 17.5M |
| Total current assets | 375.7M | 323.2M | 278M | 269.9M | 224M | 295M | 270.2M | 228.3M | 588.6M | 542.2M | 558.5M | 505.7M |
| Property, plant & equipment | 142.6M | 145.1M | 135.7M | 134.4M | 139M | 147.8M | 144.7M | 148.4M | 144.4M | 139.1M | 176.6M | 173.8M |
| Goodwill & intangibles | — | 108.5M | 104.4M | 102M | 99.6M | 97.2M | 94.8M | 92.5M | 90.1M | 87.7M | 85.1M | 82.8M |
| Total assets | 519.9M | 564.3M | 508.9M | 489M | 448M | 527.2M | 499M | 469.1M | 913.7M | 879M | 833.9M | 799.6M |
| Accounts payable | 18.3M | 21.3M | 19.3M | 19.4M | 15M | 9.5M | 20.6M | 13.9M | 21.3M | 17.8M | 14.9M | 12.2M |
| Short-term debt | — | 5.9M | 8.5M | 11M | 11.6M | 9.5M | 10.4M | 10.4M | 10.2M | 9.9M | 9.4M | 10.6M |
| Total current liabilities | 44.1M | 61M | 56.9M | 67.9M | 59.5M | 53.7M | 57.8M | 52.3M | 60.6M | 65M | 50.9M | 52.1M |
| Long-term debt | 174.6M | 184.7M | 183.1M | 182.7M | 183.1M | 183.1M | 181.8M | 181.6M | 529.8M | 530.5M | 531.1M | 526.9M |
| Total liabilities | 267.5M | 303.2M | 276.8M | 315.9M | 277.8M | 277.8M | 261.3M | 262.5M | 616.6M | 605M | 591.2M | 587.6M |
| Shareholders' equity | 252.5M | 261.1M | 232.1M | 173.1M | 170.2M | 249.4M | 237.8M | 206.7M | 297.1M | 274M | 242.7M | 212M |
| Total debt | 174.6M | 190.6M | 191.6M | 193.7M | 194.6M | 192.6M | 192.2M | 192M | 539.9M | 540.4M | 540.5M | 537.5M |
| Net debt | -96.2M | -42.5M | -30.6M | -41.4M | -6.3M | -80.3M | 2.3M | 56.1M | 204.4M | 434.4M | 451.8M | 503.7M |
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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Net income | -39.6M | -125.9M | -51.6M | -214.1M | -222.5M | -156.6M |
| Depreciation & amortization | 579K | 1.5M | 8M | 34M | 45M | 35.1M |
| Stock-based compensation | 666K | 10.7M | 30.4M | 69.5M | 58.8M | 49.4M |
| Change in working capital | 149K | 4.4M | -2.7M | 5.8M | -17.2M | -8M |
| Operating cash flow | -35.7M | -109.2M | -16M | -104.2M | -135.5M | -95.3M |
| Capital expenditure | -27M | -43.6M | -36.2M | -61.8M | -76.2M | — |
| Investing cash flow | -27M | -43.6M | -36.2M | -143M | -1.4M | -520M |
| Dividends paid | — | — | — | — | — | — |
| Share repurchases | 0 | -27K | -10K | -26K | -4K | -58.4M |
| Financing cash flow | 65.6M | 373.6M | -597K | 162.6M | 104.5M | 230.6M |
| Net change in cash | 2.9M | 220.9M | -52.8M | -84.6M | -32.4M | -384.7M |
| Free cash flow | -47M | -94.9M | -119M | -166.4M | -184.8M | -113.5M |
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 | -16.2M | -60M | -46.5M | -115.9M | -22.6M | -37.5M | -23.5M | -44.3M | -53.8M | -35M | -38.3M | -43.1M |
| Depreciation & amortization | 3.9M | 23M | 25M | 5.9M | 6.5M | 7.5M | 8.4M | 8.8M | 9.4M | 8.4M | 9.4M | 10M |
| Stock-based compensation | 13.6M | 11.6M | 12.8M | 19M | 16.8M | 10.2M | 12M | 14.1M | 11.8M | 11.4M | 11.8M | 13M |
| Change in working capital | 4.1M | 5.5M | -6.4M | -5.6M | -2M | -3.2M | 3.2M | -5.1M | -1.2M | -4.9M | -3.9M | -2.8M |
| Operating cash flow | 5.7M | -19.7M | -15M | -96.6M | -1.3M | -22.6M | 616K | -25.9M | -25.5M | -27M | -33.1M | -21.8M |
| Capital expenditure | -17.3M | -28.8M | -15.1M | -25.2M | -19.5M | -16.4M | -6.3M | — | — | — | — | — |
| Investing cash flow | -50.6M | -973K | 19.1M | 406K | -4.5M | -16.4M | -64.4M | -18.7M | -245.1M | -198.1M | 21.6M | -24M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | 0 | -1K | -3K | 0 | — | — | -58.4M | 0 | — | — |
| Financing cash flow | -1.8M | 15.6M | -422K | 1.7M | -2.4M | -1.5M | -2.3M | -1.9M | 239M | -4.2M | -2.5M | -1.8M |
| Net change in cash | -46.7M | -5M | 3.7M | -94.5M | -8.2M | -40.5M | -66M | -46.5M | -31.7M | -229.2M | -14M | -47.6M |
| Free cash flow | -45.5M | -56M | -50.1M | -52.2M | -50.2M | -32.3M | -23.2M | -33.8M | -28.5M | -28M | -36.3M | -31.4M |