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 | — | — | — | — | $145.9M | — |
| FY24 | — | — | — | — | $103.9M | — |
| FY23 | — | — | — | — | $80.4M | — |
| FY22 | — | — | — | — | $55.2M | — |
| FY21 | — | — | — | — | $23.4M | — |
| FY20 | — | — | — | — | $4.8M | — |
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 | $4.8M | $23.4M | $55.2M | $80.4M | $103.9M | $145.9M |
| YoY change | — | +388.9% | +135.9% | +45.7% | +29.2% | +40.5% |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 |
|---|---|---|---|---|---|---|
| Revenue |
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 | 4.8M | 23.4M | 55.2M | 80.4M | 103.9M | 145.9M |
| Cost of revenue | 3.5M | 19.4M | 53.5M | 46.6M | 44.6M | 70.6M |
| Gross profit | 1.3M | 4M | 1.7M | 33.8M | 59.3M | 75.3M |
| Gross margin | 26.9% | 17.2% | 3.13% | 42.1% | 57.1% | 51.6% |
| Research & development | 15.7M | 11.5M | 18.8M | 24.5M | 23.4M | 20.6M |
| Selling, general & administrative | 12.5M | 44.7M | 84.4M | 97.3M | 117.9M | 100.5M |
| Operating expenses | 28.2M | 56.1M | 103.1M | 121.8M | 141.4M | 121.1M |
| Operating income | -26.9M | -53.4M | -101.4M | -87.9M | -82.1M | -45.8M |
| Operating margin | -562.1% | -228.3% | -183.7% | -109.4% | -79% | -31.4% |
| Non-operating income, net | -66K | 48.6M | 12.5M | -23.8M | 25.1M | 12.9M |
| Pretax income | -27.4M | -10.9M | -86.4M | -106.2M | -54M | -33.1M |
| Income tax | — | — | 0 | 51K | 0 | 62K |
| Net income | -27.4M | -10.9M | -86.4M | -106.3M | -54M | -33.1M |
| Net margin | -572.5% | -46.5% | -156.5% | -132.1% | -52% | -22.7% |
| EBITDA | -25.8M | -51.1M | -92.8M | -71.9M | -61.8M | -19.8M |
| EPS | — | — | — | — | — | — |
| Diluted EPS | — | — | — | — | — | — |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 |
|---|---|---|---|---|---|---|
| Revenue | 29.1M | 32M | 32.5M | 42.9M | 38.5M | 46.3M |
| Cost of revenue | 12.4M | 12.9M | 16.3M | 21.5M | 19.9M | 22.7M |
| Gross profit | 16.7M | 19.1M | 16.2M | 21.3M | 18.6M | 23.6M |
| Gross margin | 57.5% | 59.8% | 49.8% | 49.7% | 48.4% | 50.9% |
| Research & development | 5.4M | 4.9M | 4.7M | 5.6M | 5.4M | 5.9M |
| Selling, general & administrative | 30.2M | 19.7M | 20.9M | 22M | 37.9M | 23.3M |
| Operating expenses | 35.6M | 24.6M | 25.6M | 27.6M | 43.3M | 29.2M |
| Operating income | -18.9M | -5.4M | -9.4M | -6.3M | -24.6M | -5.6M |
| Operating margin | -64.8% | -17% | -29% | -14.7% | -64% | -12.1% |
| Non-operating income, net | 2.6M | 3.4M | -31.3M | 4.8M | 36M | 1M |
| Pretax income | -15.7M | -1.6M | -40.5M | -1.8M | 10.9M | -5M |
| Income tax | — | 63K | -1K | 0 | 0 | -37K |
| Net income | -15.7M | -1.7M | -40.5M | -1.8M | 10.9M | -5M |
| Net margin | -54% | -5.28% | -124.6% | -4.19% | 28.3% | -10.8% |
| EBITDA | -12.9M | 496K | -3.3M | 644K | -17.7M | 1.7M |
| EPS | — | — | — | — | — | — |
| Diluted EPS | — | — | — | — | — | — |
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 | — | — | — | — | — | — | 0 |
| Enterprise value | — | — | — | — | — | — | -6.9M |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| P/S | — | — | — | — | — | — | 0 |
| P/B | — | — | — | — | — | — | 0.01 |
| EV/EBITDA | — | — | — | — | — | — | 0.35 |
| EV/Sales | — | — | — | — | — | — | -0.05 |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Gross margin | 26.9% | 17.2% | 3.13% | 42.1% | 57.1% | 51.6% | 50.9% |
| Operating margin | -562.1% | -228.3% | -183.7% | -109.4% | -79% | -31.4% | -18.3% |
| Net margin | -572.5% | -46.5% | -156.5% | -132.1% | -52% | -22.7% | -22.8% |
| ROE | 32.3% | -3.75% | -38.1% | -72.6% | -45.9% | -27.7% | -30.2% |
| ROA | -128.3% | -3% | -24.8% | -35.6% | -20.2% | -10.9% | -5.79% |
| ROIC | — | — | -355.1% | -304.3% | -102.8% | -49.4% | -45.3% |
| Return on tangible assets | -128.3% | -3% | -24.8% | -35.6% | -20.2% | -10.9% | -12% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Current ratio | 0.85 | 13.6 | 4.95 | 2.14 | 1.26 | 1.23 | 1.21 |
| Quick ratio | 0.62 | 13.5 | 4.78 | 2.03 | 1.08 | 1.15 | 1.14 |
| Debt / equity | -0.2 | 0.03 | 0.14 | 0.01 | 0.12 | 0.35 | 0.35 |
| Debt / assets | 0.78 | 0.03 | 0.09 | 0 | 0.05 | 0.14 | 0.14 |
| Net debt / EBITDA | -0.46 | 5.82 | 2.14 | 1.63 | 0.61 | 1.35 | 1.02 |
| Interest coverage | -62.7 | -0.79 | -120.4 | -161.4 | — | -18.1 | -12.6 |
| Effective tax rate | — | — | 0% | 0% | 0% | 0% | 0% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Revenue per share | — | — | — | — | — | — | 0.93 |
| EPS (diluted) | — | — | — | — | — | — | -0.11 |
| Book value per share | — | — | — | — | — | — | 0.67 |
| FCF per share | — | — | — | — | — | — | 0.06 |
| Cash per share | — | — | — | — | — | — | 0.34 |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Capex / revenue | 138.1% | 70.8% | 38.3% | 85.6% | 30% | — | — |
| Capex / operating cash flow | -26.3% | -28.9% | -30.1% | -380.5% | -105.1% | — | — |
| $29.1M |
| $32M |
| $32.5M |
| $42.9M |
| $38.5M |
| $46.3M |
| YoY change | — | — | — | — | +32.3% | +44.7% |
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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Cash & short-term investments | 4.7M | 307.7M | 230.1M | 118.8M | 52.3M | 69M |
| Receivables | 1.4M | 6.5M | 31.9M | 22.6M | 28.4M | 30.8M |
| Inventory | 2.7M | 2.9M | 10.3M | 9.5M | 17M | 9.3M |
| Total current assets | 10.3M | 331.1M | 292.6M | 175.8M | 121.4M | 151.3M |
| Property, plant & equipment | 9.3M | 23.8M | 46.4M | 114.1M | 137.7M | 139.8M |
| Goodwill & intangibles | — | — | — | — | — | — |
| Total assets | 21.4M | 362.9M | 348.1M | 298.7M | 268.1M | 304.4M |
| Accounts payable | 4.4M | 6M | 18.2M | 17.4M | 10.5M | 9.8M |
| Short-term debt | 227K | 2M | 11.1M | 1.4M | 2.2M | 3M |
| Total current liabilities | 12.1M | 24.3M | 59.1M | 82M | 96.7M | 123M |
| Long-term debt | 16.4M | 7.9M | 20.6M | 0 | 12.3M | 39.3M |
| Total liabilities | 106M | 72.6M | 121.1M | 152.4M | 150.4M | 185M |
| Shareholders' equity | -84.7M | 290.3M | 227M | 146.3M | 117.7M | 119.4M |
| Total debt | 16.7M | 9.9M | 31.7M | 1.4M | 14.5M | 42.2M |
| Net debt | 12M | -297.5M | -198.1M | -65.8M | -22.5M | -6.9M |
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 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 |
|---|---|---|---|---|---|---|
| Cash & short-term investments | 52.3M | 35M | 36.9M | 56.2M | 69M | 61.1M |
| Receivables | 28.4M | 34.5M | 41.8M | 48.9M | 30.8M | 42.7M |
| Inventory | 17M | 10.1M | 12.1M | 8.8M | 9.3M | 8.3M |
| Total current assets | 121.4M | 103.8M | 133.1M | 151.6M | 151.3M | 152M |
| Property, plant & equipment | 137.7M | 143.3M | 138.6M | 139.6M | 139.8M | 139.7M |
| Goodwill & intangibles | — | — | — | — | — | — |
| Total assets | 268.1M | 256M | 280.4M | 304.3M | 304.4M | 304.6M |
| Accounts payable | 10.5M | 7.1M | 11.8M | 4.7M | 9.8M | 17.1M |
| Short-term debt | 2.2M | 2.4M | 2.7M | 2.8M | 3M | 3.1M |
| Total current liabilities | 96.7M | 94.4M | 142.9M | 119.3M | 123M | 125.9M |
| Long-term debt | 12.3M | 12M | 11.6M | 39.6M | 39.3M | 38.9M |
| Total liabilities | 150.4M | 134.9M | 187.8M | 202.1M | 185M | 184M |
| Shareholders' equity | 117.7M | 121.1M | 92.7M | 102.2M | 119.4M | 120.7M |
| Total debt | 14.5M | 14.4M | 14.3M | 42.4M | 42.2M | 42M |
| Net debt | -22.5M | -10.7M | -22.7M | 10.9M | -6.9M | -14.1M |
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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Net income | -27.4M | -10.9M | -86.4M | -106.3M | -54M | -33.1M |
| Depreciation & amortization | 1.1M | 2.9M | 5.5M | 9.9M | 17.4M | 24.3M |
| Stock-based compensation | 662K | 9.6M | 22.5M | 24.2M | 24.8M | 21.1M |
| Change in working capital | 488K | -10.4M | -3.9M | 35.5M | -2.9M | 16.9M |
| Operating cash flow | -25.2M | -57.3M | -70.4M | -18.1M | -29.7M | 18.7M |
| Capital expenditure | -6.6M | -16.6M | -21.2M | -68.9M | -31.2M | — |
| Investing cash flow | -6.6M | -16.6M | -21.2M | -119.6M | 4.7M | -4.8M |
| Dividends paid | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — |
| Financing cash flow | 16.8M | 376.9M | 19.7M | -30.3M | 0 | 26.3M |
| Net change in cash | -15M | 303M | -71.9M | -168M | -25M | 40.2M |
| Free cash flow | -29.9M | -74.4M | -98.9M | -82.5M | -68.2M | -18.3M |
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 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 |
|---|---|---|---|---|---|---|
| Net income | -15.7M | -1.7M | -40.5M | -1.8M | 10.9M | -5M |
| Depreciation & amortization | 5.4M | 5.5M | 5.8M | 6.5M | 6.5M | 6.8M |
| Stock-based compensation | 3.4M | 4.9M | 5.5M | 5.4M | 5.3M | 5.6M |
| Change in working capital | 6M | 4.2M | 750K | -2M | 14.1M | -1.7M |
| Operating cash flow | -1.8M | 2.7M | 2.1M | 3.5M | 15.6M | -3.2M |
| Capital expenditure | -6.7M | -12.7M | — | — | — | — |
| Investing cash flow | -11.9M | -7.8M | 9.9M | -24.6M | 5M | 14.7M |
| Dividends paid | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — |
| Financing cash flow | 0 | — | — | — | 0 | — |
| Net change in cash | -13.7M | -5.1M | 12M | -21.1M | 20.5M | 11.5M |
| Free cash flow | -4.9M | -16.8M | -2M | -11.5M | 12M | -8.1M |