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 | — | $0.06 | — | — | $14.9M | — |
| FY24 | — | $1.76 | — | — | $6.7M | — |
| FY23 | — | -$6.71 | — | — | $18.2M | — |
| FY22 | — | -$2.18 | — | — | $15.9M | — |
| FY21 | — | -$1.19 | — | — | $6.1M | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $6.1M | $15.9M | $18.2M | $6.7M | $14.9M |
| YoY change | — | +162.7% | +14.4% | -63% | +120.8% |
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 | Q4 24 | Q1 25 | Q2 25 | Q3 25 |
|---|
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 6.1M | 15.9M | 18.2M | 6.7M | 14.9M |
| Cost of revenue | 4.1M | 11.3M | 10.2M | 0 | 4M |
| Gross profit | 2M | 4.6M | 8.1M | 6.7M | 10.9M |
| Gross margin | 33.3% | 28.9% | 44.4% | 100% | 73.5% |
| Research & development | 0 | 2.8M | 1.2M | 179K | 199K |
| Selling, general & administrative | 8.2M | 18.4M | 28.1M | 22.4M | 25.5M |
| Operating expenses | 7.6M | 21.2M | 29.3M | 22.6M | 25.7M |
| Operating income | -6.1M | -17.3M | -22.8M | -15.9M | -15.1M |
| Operating margin | -101% | -108.7% | -124.9% | -235.1% | -101.4% |
| Non-operating income, net | -2.6M | 1M | -407.4M | 167.2M | 24.8M |
| Pretax income | -9.5M | -17.4M | -431.3M | 149.5M | 6.3M |
| Income tax | — | 0 | -325K | 2K | -2K |
| Net income | -9.5M | -17.4M | -430.9M | 149.5M | 6.3M |
| Net margin | -155.9% | -109.3% | -2.4K% | 2.2K% | 42.4% |
| EBITDA | -8M | -15.1M | -73.6M | -19M | 2.2M |
| EPS | -1.19 | -2.18 | -6.71 | 1.76 | 0.06 |
| Diluted EPS | -1.19 | -2.18 | -6.71 | 1.41 | 0.03 |
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 | 1.6M | 2.1M | 1.5M | 1.8M | 2.1M | 1.4M | 1.7M | 2.5M | 4.1M | 6.6M | 5.4M | 5.6M |
| Cost of revenue | 722K | 0 | 0 | 0 | 0 | 0 | 106K | 431K | 1.4M | 2M | 2.1M | 2.1M |
| Gross profit | 859K | 2.1M | 1.5M | 1.8M | 2.1M | 1.4M | 1.6M | 2.1M | 2.6M | 4.6M | 3.3M | 3.5M |
| Gross margin | 54.3% | 100% | 100% | 100% | 100% | 100% | 93.8% | 83.1% | 65.3% | 69.5% | 61.4% | 62.7% |
| Research & development | 349K | -3K | 16K | 10K | 39K | 114K | 118K | 83K | -2K | 0 | 0 | 0 |
| Selling, general & administrative | 4.3M | 4.8M | 6.8M | 5.3M | 4.5M | 5.8M | 6.3M | 6.6M | 6.2M | 6.4M | 7.7M | 7.7M |
| Operating expenses | 4.7M | 4.8M | 6.8M | 5.3M | 4.5M | 5.9M | 6.4M | 6.7M | 6.2M | 6.4M | 7.7M | 7.7M |
| Operating income | -3.9M | -2.7M | -5.3M | -3.5M | -2.5M | -4.6M | -4.8M | -4.6M | -3.7M | -1.9M | -4.6M | -4.3M |
| Operating margin | -245.4% | -125.1% | -349.2% | -195.9% | -118.9% | -335.6% | -282.1% | -182.4% | -91.1% | -29.5% | -85% | -75.9% |
| Non-operating income, net | 8.5M | -414M | 119.6M | 12M | 42.2M | -6.5M | -1.9M | 30.6M | -5.8M | 1.9M | 10.9M | 4.2M |
| Pretax income | 4.3M | -416.9M | 114M | 8M | 39.3M | -11.9M | -8.1M | 25.1M | -10.4M | -297K | 6.1M | -318K |
| Income tax | -7K | -299K | -1K | 0 | 0 | 3K | -1K | 0 | -1K | -1K | 0 | 0 |
| Net income | 4.3M | -416.6M | 114M | 8M | 39.3M | -11.9M | -8.1M | 25.1M | -10.4M | -296K | 6.1M | -318K |
| Net margin | 272.6% | -19.4K% | 7.5K% | 446.5% | 1.9K% | -871.7% | -473.8% | 985.2% | -256.8% | -4.5% | 113.9% | -5.66% |
| EBITDA | -5.3M | -51.4M | -4.1M | -1.8M | -2.4M | -10.6M | -8.9M | 21.2M | -10.4M | 215K | -4.6M | -4M |
| EPS | 0.54 | — | 1.58 | 0.1 | 0.48 | -0.15 | -0.1 | 0.3 | -0.13 | -0.01 | 0.05 | -0.01 |
| Diluted EPS | 0.54 | — | 1.27 | 0.01 | 0.38 | -0.16 | -0.13 | 0.3 | -0.13 | -0.01 | 0.05 | -0.01 |
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 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Market cap | — | — | — | — | — | 405.2M |
| Enterprise value | — | — | — | — | — | 391M |
| Shares outstanding | 8M | 8M | 7.1M | 12.5M | 39.2M | 39.2M |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | 52.4 |
| P/S | — | — | — | — | — | 16.6 |
| P/B | — | — | — | — | — | 23.9 |
| EV/EBITDA | — | — | — | — | — | -28.1 |
| EV/Sales | — | — | — | — | — | 18.1 |
| Earnings yield | — | — | — | — | — | 1.91% |
| FCF yield | — | — | — | — | — | -9.91% |
| PEG | — | — | — | — | — | -0.51 |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Gross margin | 33.3% | 28.9% | 44.4% | 100% | 73.5% | 62.7% |
| Operating margin | -101% | -108.7% | -124.9% | -235.1% | -101.4% | -75.9% |
| Net margin | -155.9% | -109.3% | -2.4K% | 2.2K% | 42.4% | -8.6% |
| ROE | -33.8% | -25.5% | 88.1% | -743.8% | 26.5% | -31.8% |
| ROA | -12.7% | -15.5% | -680.1% | 244.1% | 9.46% | -11.8% |
| ROIC | — | -18.4% | 4.95% | -78% | -37.8% | -31.8% |
| Return on tangible assets | -25.8% | -24% | -680.1% | 244.1% | 9.77% | -7.94% |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Current ratio | 1.01 | 1.01 | 0.01 | 0.09 | 0.36 | 0.66 |
| Quick ratio | 0.92 | 0.98 | 0.01 | 0.09 | 0.36 | 0.66 |
| Debt / equity | 1.49 | 0.5 | -0.06 | -2.05 | 0.75 | 0.62 |
| Debt / assets | 0.56 | 0.3 | 0.47 | 0.67 | 0.27 | 0.29 |
| Net debt / EBITDA | -4.84 | -1.71 | -0.39 | -2.13 | 7.26 | -0.83 |
| Interest coverage | -12.8 | -14.7 | -382.7 | 79.8 | 2.86 | -2.06 |
| Effective tax rate | — | 0% | 0% | 0% | 0% | 0% |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Revenue per share | 0.76 | 2 | 2.57 | 0.54 | 0.38 | 0.48 |
| EPS (basic) | -1.19 | -2.18 | -6.71 | 1.76 | 0.06 | 0.06 |
| EPS (diluted) | -1.19 | -2.18 | -6.71 | 1.41 | 0.03 | -0.11 |
| Book value per share | 3.51 | 8.56 | -68.9 | -1.6 | 0.61 | 0.31 |
| FCF per share | -0.96 | -2.46 | -3.34 | -1 | -0.63 | -0.37 |
| Cash per share | 0.39 | 1.05 | 0.09 | 0.07 | 0.05 | 0.05 |
| Capex per share | 0.01 | 0.04 | 0.04 | 0 | — | — |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Capex / revenue | 1.89% | 2.01% | 1.67% | 0.13% | — | — |
| Capex / operating cash flow | -1.05% | -1.57% | -0.39% | -0.06% | — | — |
| Payout ratio | — | — | — | — | — | 0% |
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $1.6M | $2.1M | $1.5M | $1.8M | $2.1M | $1.4M | $1.7M | $2.5M | $4.1M | $6.6M | $5.4M | $5.6M |
| YoY change | -62.6% | -45.2% | -83.5% | -66.2% | +30.9% | -36.6% | +12.7% | +41.8% | +95.9% | +383.5% | +214.8% | +120.4% |
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 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash & short-term investments | 3.1M | 8.4M | 672K | 825K | 1.9M |
| Receivables | 2.3M | 3.3M | 696K | 1.7M | 3.7M |
| Inventory | 610K | 407K | 0 | — | — |
| Total current assets | 7M | 17.5M | 2.4M | 4.1M | 10.4M |
| Property, plant & equipment | 2.2M | 2.4M | 23K | — | 4.2M |
| Goodwill & intangibles | 37.7M | 39.5M | 0 | — | 2.1M |
| Total assets | 74.5M | 112.3M | 63.4M | 61.2M | 66.7M |
| Accounts payable | 465K | 4.6M | 3.9M | 9.5M | 8.5M |
| Short-term debt | 2.2M | 7.6M | 6.7M | 10.3M | 3.6M |
| Total current liabilities | 7M | 17.3M | 214.4M | 45.6M | 28.5M |
| Long-term debt | 39.5M | 26.6M | 23M | 31M | 14.4M |
| Total liabilities | 46.5M | 43.9M | 552.4M | 81.3M | 42.9M |
| Shareholders' equity | 28M | 68.4M | -489M | -20.1M | 23.8M |
| Total debt | 41.6M | 34.1M | 29.6M | 41.3M | 18M |
| Net debt | 38.5M | 25.8M | 28.9M | 40.4M | 16.1M |
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 | Q2 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 | 1.2M | 672K | 1.1M | 1.7M | 828K | 825K | 1.1M | 25.8M | 4.3M | 1.9M | 1.2M | 3.1M |
| Receivables | 7.8M | 696K | 1.8M | 34K | 219K | 1.7M | 628K | 1.4M | 2.8M | 3.7M | 5.5M | 5.6M |
| Inventory | 513K | 0 | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 14.8M | 2.4M | 6.1M | 2.8M | 2.1M | 4.1M | 2.7M | 28.5M | 11.9M | 10.4M | 10.5M | 16.1M |
| Property, plant & equipment | 2.9M | 23K | — | — | — | — | — | 4.6M | 4.4M | 4.2M | 4M | 3.7M |
| Goodwill & intangibles | 37M | 0 | — | — | — | — | — | — | 2.2M | 2.1M | 2M | 1.9M |
| Total assets | 109M | 63.4M | 67.8M | 65.9M | 66.5M | 61.2M | 56.7M | 89.2M | 66.8M | 66.7M | 62.4M | 63.6M |
| Accounts payable | 9.8M | 3.9M | 6.5M | 3.8M | 4.7M | 9.5M | 9.5M | 10.2M | 7.1M | 8.5M | 7.6M | 3.1M |
| Short-term debt | 8.8M | 6.7M | 15.1M | 15.7M | 10.4M | 10.3M | 10.4M | 10.9M | 10.5M | 3.6M | 9.7M | 9.4M |
| Total current liabilities | 26.8M | 214.4M | 197.7M | 116.8M | 39.4M | 45.6M | 52.1M | 56M | 38.9M | 28.5M | 23.4M | 24.5M |
| Long-term debt | 31.2M | 23M | 20.5M | 19.9M | 25.5M | 31M | 30.6M | 32.3M | 8M | 14.4M | 9.3M | 9.2M |
| Total liabilities | 58M | 552.4M | 442.1M | 365.4M | 76M | 81.3M | 82.7M | 88.3M | 47M | 42.9M | 32.7M | 33.7M |
| Shareholders' equity | 51M | -489M | -374.3M | -299.5M | -9.5M | -20.1M | -25.9M | 924K | 19.8M | 23.8M | 29.7M | 29.9M |
| Total debt | 40M | 29.6M | 35.6M | 35.6M | 35.9M | 41.3M | 41M | 43.2M | 18.5M | 18M | 19M | 18.6M |
| Net debt | 38.8M | 28.9M | 34.6M | 33.9M | 35.1M | 40.4M | 39.9M | 17.4M | 14.3M | 16.1M | 17.8M | 15.5M |
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 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Net income | -9.5M | -17.4M | -430.9M | 149.5M | 6.3M |
| Depreciation & amortization | 584K | 737K | 1.6M | 6K | 349K |
| Stock-based compensation | — | 0 | 68K | 1.5M | 1.7M |
| Change in working capital | -2.1M | -3.6M | 130K | 5.4M | -5.3M |
| Operating cash flow | -11M | -20.3M | -77.8M | -15.9M | -24.6M |
| Capital expenditure | -115K | -320K | -304K | -9K | — |
| Investing cash flow | -8.3M | -26.3M | 282K | -9K | -2.6M |
| Dividends paid | — | — | — | — | — |
| Share repurchases | — | — | — | — | — |
| Financing cash flow | 16.8M | 50.9M | 6.8M | 12.5M | 3.7M |
| Net change in cash | -2.4M | 4.3M | -70.7M | -3.4M | -23.5M |
| Free cash flow | -7.7M | -19.6M | -23.7M | -12.6M | -24.8M |
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 | 4.3M | -416.6M | 114M | 8M | 39.3M | -11.9M | -8.1M | 25.1M | -10.4M | -296K | 6.1M | -318K |
| Depreciation & amortization | 59K | 1K | 1K | 2K | 1K | 2K | 4K | 40K | 168K | 137K | 134K | 130K |
| Stock-based compensation | 0 | 68K | 346K | 353K | 373K | 423K | 531K | 317K | 366K | 447K | 720K | 538K |
| Change in working capital | 4.7M | -4.1M | 1.6M | -1M | 511K | 4.9M | 1.8M | -295K | -5.9M | -878K | -1.2M | 1.9M |
| Operating cash flow | 9M | -74.7M | -2.7M | -5.6M | -464K | -6.5M | -5.8M | -7.9M | -13.3M | -4.3M | -2.8M | 2.4M |
| Capital expenditure | -24K | 3K | -2K | -3K | -2K | -2K | -90K | — | — | — | — | — |
| Investing cash flow | 2.4M | -479K | -2.1M | 2.1M | -2K | -2K | -90K | -1.6M | 0 | 1M | 1.2M | -5.8M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 1.8M | 380K | 728K | -56K | 5.6M | 3.7M | -1.9M | 7.5M | -12.2M | 939K | -301K | -156K |
| Net change in cash | 13.3M | -74.8M | -4.1M | -3.6M | 5.1M | -2.9M | -7.8M | -2M | -25.5M | -2.4M | -1.8M | -3.5M |
| Free cash flow | -3.8M | -7M | -3.8M | -2.6M | -2.4M | -3.8M | 853K | -7.9M | -13.4M | -4.3M | -2.8M | 2.4M |