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 | $0.02 | -$0.03 | -250.0% | — | $42.8M | — |
| Q4 25 | $0.03 | -$0.42 | -1500.0% | — | $103.4M | — |
| Q3 25 | $0.02 | $0.07 | +250.0% | — | $180.7M | — |
| Q2 25 | $0.09 | $0.28 | +211.1% | — | $115.4M | — |
| Q1 25 | $0.06 | -$0.1 | -266.7% | — | $78M | — |
| Q4 24 | -$0.03 | $0.14 | +566.7% | — | $99.2M | — |
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 | — | -$0.35 | — | — | $477.5M | — |
| FY24 | — | $0.34 | — | — | $463.3M | — |
| FY23 | — | $0.06 | — | — | $284.1M | — |
| FY22 | — | $0.01 | — | — | $198.2M | — |
| FY21 | — | $0.03 | — | — |
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 | $103M | $198.2M | $284.1M | $463.3M | $477.5M |
| YoY change | — | +92.3% | +43.3% | +63.1% | +3.07% |
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 |
|---|
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 | 103M | 198.2M | 284.1M | 463.3M | 477.5M |
| Cost of revenue | 94M | 162M | 271.4M | 433.6M | 448.6M |
| Gross profit | 9M | 36.2M | 12.7M | 29.7M | 28.9M |
| Gross margin | 8.76% | 18.3% | 4.47% | 6.41% | 6.06% |
| Research & development | 469.9K | 1.6M | 1.7M | 5.6M | 2.5M |
| Selling, general & administrative | 3M | 4.7M | 5.5M | 32.7M | 12.9M |
| Operating expenses | 3.5M | 6.9M | 7.3M | 38.3M | 15.4M |
| Operating income | 5.5M | 29.4M | 5.3M | -8.6M | 12.6M |
| Operating margin | 5.37% | 14.8% | 1.88% | -1.86% | 2.63% |
| Non-operating income, net | 303.6K | -25.4M | 11.8M | 74.9M | -35.5M |
| Pretax income | 6M | 1.8M | 12.7M | 61.6M | -29.3M |
| Income tax | 1M | -665.9K | 2.2M | 7.7M | 1.9M |
| Net income | 4.9M | 2.4M | 10.5M | 54M | -31.1M |
| Net margin | 4.78% | 1.23% | 3.69% | 11.6% | -6.52% |
| EBITDA | 5.7M | 47.9M | 31.5M | 53.8M | 35.7M |
| EPS | 0.03 | 0.01 | 0.06 | 0.34 | -0.35 |
| Diluted EPS | 0.03 | 0.01 | 0.06 | 0.34 | -0.35 |
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 | 61.3M | 88.6M | 144.4M | 129.4M | 90.3M | 99.2M | 78M | 115.4M | 180.7M | 103.4M | 72.7M | 42.8M |
| Cost of revenue | 61.2M | 86.6M | 122.7M | 118.4M | 89.4M | 103.1M | 71.6M | 102.5M | 173.5M | 101M | 72.3M | 43.7M |
| Gross profit | 50K | 2M | 21.7M | 11M | 946K | -3.9M | 6.5M | 12.9M | 7.2M | 2.5M | 374K | -959K |
| Gross margin | 0.08% | 2.21% | 15% | 8.51% | 1.05% | -3.94% | 8.28% | 11.1% | 3.96% | 2.39% | 0.51% | -2.24% |
| Research & development | 353K | 553.1K | 391K | 343K | 2.6M | 2.3M | 364K | 387K | 602K | 1.2M | 429K | 517K |
| Selling, general & administrative | 1.1M | 2.1M | 2.3M | 2M | 3.9M | 24.5M | 2.5M | 2.7M | 2.5M | 5.2M | 2.3M | 3.4M |
| Operating expenses | 1.5M | 2.7M | 2.7M | 2.3M | 6.5M | 26.8M | 2.8M | 3.1M | 3.1M | 6.3M | 2.7M | 3.9M |
| Operating income | -1.4M | -800.8K | 19M | 8.7M | -5.6M | -30.7M | 3.6M | 9.7M | 4.1M | -4.9M | -2.3M | -5M |
| Operating margin | -2.33% | -0.9% | 13.1% | 6.72% | -6.18% | -30.9% | 4.65% | 8.43% | 2.25% | -4.7% | -3.19% | -11.8% |
| Non-operating income, net | -481K | 8.8M | 24.8M | -6.5M | 923K | 55.7M | -20.6M | 43.4M | 10.3M | -68.6M | -35.8M | -16.9M |
| Pretax income | -3.3M | 6.6M | 42.6M | 1.5M | -5.9M | 23.5M | -18.6M | 51.5M | 13M | -75.2M | -38.9M | -22.6M |
| Income tax | -559K | 1.2M | 7.3M | 125K | -936K | 1.2M | -1.8M | 4.4M | 1.4M | -2.2M | -4M | -2.1M |
| Net income | -2.7M | 5.4M | 35.3M | 1.3M | -5M | 22.3M | -16.8M | 47.1M | 11.6M | -73M | -35M | -20.5M |
| Net margin | -4.39% | 6.06% | 24.4% | 1.03% | -5.54% | 22.5% | -21.5% | 40.9% | 6.4% | -70.6% | -48.1% | -48% |
| EBITDA | -1.2M | -120.9K | 31.1M | -6.9M | -6.6M | 11.5M | -15.2M | 49.8M | 8.2M | -35.1M | -38M | -21.8M |
| EPS | -0.02 | — | 0.23 | 0.01 | -0.03 | — | -0.1 | 0.29 | 0.07 | — | -0.21 | -0.12 |
| Diluted EPS | -0.02 | — | 0.23 | 0.01 | -0.03 | — | -0.1 | 0.28 | 0.07 | — | -0.21 | -0.12 |
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 | — | — | — | — | 796.9M | 433.8M | 433.8M |
| Enterprise value | — | — | — | — | 793.6M | 421M | 421M |
| Shares outstanding | — | 162.9M | 162.9M | 162.9M | 161M | 164.3M | 164.3M |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | 14.8 | — | — |
| P/S | — | — | — | — | 1.72 | 0.91 | 0.91 |
| P/B | — | — | — | — | 4.91 | 2.9 | 2.9 |
| EV/EBITDA | — | — | — | — | 14.8 | 11.8 | 11.8 |
| EV/Sales | — | — | — | — | 1.71 | 0.88 | 0.88 |
| Earnings yield | — | — | — | — | 6.77% | — | — |
| FCF yield | — | — | — | — | -29.7% | -32.5% | -32.5% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Gross margin | — | 8.76% | 18.3% | 4.47% | 6.41% | 6.06% | 6.06% |
| Operating margin | — | 5.37% | 14.8% | 1.88% | -1.86% | 2.63% | 2.63% |
| Net margin | — | 4.78% | 1.23% | 3.69% | 11.6% | -6.52% | -6.52% |
| ROE | — | 101.9% | 35.7% | 60.5% | 33.2% | -20.8% | -20.8% |
| ROA | — | 4.24% | 1.23% | 5% | 14.3% | -8.71% | -8.71% |
| ROIC | — | -53.8% | -53.6% | -30.1% | -4.74% | 9.18% | 9.18% |
| Return on tangible assets | — | 4.24% | 1.23% | 5% | 14.3% | -8.92% | -8.92% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Current ratio | — | 1.04 | 1.07 | 1.4 | 4.15 | 3.3 | 3.3 |
| Quick ratio | — | 1.04 | 1.07 | 1.4 | 4.15 | 3.29 | 3.29 |
| Debt / equity | — | — | — | — | 0.22 | 0.1 | 0.1 |
| Debt / assets | — | — | — | — | 0.09 | 0.04 | 0.04 |
| Net debt / EBITDA | — | — | — | — | -0.06 | -0.36 | -0.36 |
| Interest coverage | — | — | 1.71 | 3.29 | 10.7 | -2.42 | -2.42 |
| Effective tax rate | — | 17.5% | 0% | 17.2% | 12.4% | 0% | 0% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Revenue per share | — | 0.63 | 1.22 | 1.74 | 2.88 | 2.91 | 2.91 |
| EPS (basic) | — | 0.03 | 0.01 | 0.06 | 0.34 | -0.35 | -0.35 |
| EPS (diluted) | — | 0.03 | 0.01 | 0.06 | 0.34 | -0.35 | -0.35 |
| Book value per share | — | 0.03 | 0.04 | 0.11 | 1.01 | 0.91 | 0.91 |
| FCF per share | — | 0 | -0.14 | -1.48 | -1.47 | -0.86 | -0.86 |
| Cash per share | — | 0.08 | 0.38 | 0.2 | 0.24 | 0.17 | 0.17 |
| Capex per share | — | 0 | 0.02 | 0 | 0 | — | — |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Capex / revenue | — | 0.05% | 1.95% | 0.02% | 0.01% | — | — |
| Capex / operating cash flow | — | 0.44% | -10.2% | -0.04% | -0.03% | — | — |
| Payout ratio | — | 0% | 0% | — | — | — | — |
| $103M |
| — |
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $61.3M | $88.6M | $144.4M | $129.4M | $90.3M | $99.2M | $78M | $115.4M | $180.7M | $103.4M | $72.7M | $42.8M |
| YoY change | — | — | +149.1% | +69.7% | +47.4% | +12% | -46% | -10.8% | +100% | +4.3% | -6.9% | -62.9% |
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 | 0 | 13.3M | 61.7M | 32M | 38.2M | 28.3M |
| Receivables | 0 | 12.4M | 6.3M | 3.8M | 10.9M | 12.3M |
| Inventory | — | — | — | — | 246K | 145K |
| Total current assets | 1.4M | 116.2M | 87.6M | 121.3M | 265.3M | 324.5M |
| Property, plant & equipment | 0 | 51.3K | 106.3M | 81.9M | 56M | 18.4M |
| Goodwill & intangibles | — | — | — | — | — | 8.5M |
| Total assets | 1.4M | 116.3M | 198.3M | 210M | 377.7M | 357.6M |
| Accounts payable | 193.2K | 10.8M | 38.1K | 806K | 14.1M | 4.7M |
| Short-term debt | — | — | — | — | — | 15.3M |
| Total current liabilities | 1.5M | 111.5M | 82.1M | 86.4M | 63.9M | 98.5M |
| Long-term debt | — | — | — | — | 35M | 197K |
| Total liabilities | 1.5M | 111.5M | 191.5M | 192.7M | 215.2M | 208M |
| Shareholders' equity | -92.2K | 4.8M | 6.8M | 17.3M | 162.5M | 149.6M |
| Total debt | — | — | — | — | 35M | 15.4M |
| Net debt | — | — | — | — | -3.3M | -12.3M |
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 | 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 | 44.3M | 32M | 87.2M | 48.3M | 38.7M | 38.2M | 21.1M | 40.1M | 32.6M | 28.3M | 37.7M | 23.5M |
| Receivables | 6.2M | 3.8M | 3M | 2.6M | 7.5M | 10.9M | 22.1M | 18.9M | 36.4M | 12.3M | 12.4M | 6.8M |
| Inventory | — | — | 303K | 571K | 354K | 246K | 206K | 205K | 145K | 145K | 0 | 0 |
| Total current assets | 102.5M | 121.3M | 223.9M | 215.7M | 213.1M | 265.3M | 233.6M | 319.5M | 424M | 324.5M | 247.8M | 222.7M |
| Property, plant & equipment | 94.2M | 81.9M | — | 69.7M | — | 56M | 77.9M | 70.5M | 62.4M | 18.4M | 19.2M | 15.8M |
| Goodwill & intangibles | — | — | — | — | — | — | 13M | 13M | 13M | 8.5M | 8.5M | 8.5M |
| Total assets | 198.2M | 210M | 306.7M | 293.2M | 282.5M | 377.7M | 384M | 467.6M | 500.3M | 357.6M | 279.6M | 258.3M |
| Accounts payable | 33.7K | 806K | 2M | 2.9M | 2.2M | 14.1M | 8.1M | 9.8M | 12.7M | 4.7M | 6M | 2.5M |
| Short-term debt | — | — | — | — | — | — | — | — | 40.2M | 15.3M | 15.3M | 2.3M |
| Total current liabilities | 79.1M | 86.4M | 76.5M | 63.2M | 52.1M | 63.9M | 77.2M | 107.7M | 164.2M | 98.5M | 59.6M | 52.8M |
| Long-term debt | — | — | — | — | — | 35M | 40M | 40M | 260K | 197K | 132K | 3.5M |
| Total liabilities | 181.5M | 192.7M | 190.3M | 175.4M | 165.5M | 215.2M | 232.9M | 265.2M | 282.2M | 208M | 164.8M | 164M |
| Shareholders' equity | 16.7M | 17.3M | 116.4M | 117.8M | 117M | 162.5M | 151M | 202.4M | 218.2M | 149.6M | 114.8M | 94.4M |
| Total debt | — | — | — | — | — | 35M | 40M | 40M | 40.5M | 15.4M | 15.4M | 5.7M |
| Net debt | — | — | — | — | — | -3.3M | 18.9M | -86K | 7.9M | -12.3M | -20.8M | -16.5M |
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 | 4.9M | 2.4M | 10.5M | 54M | -31.1M |
| Depreciation & amortization | 2.9K | 18.2M | 24.5M | 24.7M | 28M |
| Stock-based compensation | — | — | — | 26.1M | 588K |
| Change in working capital | 10.8M | 47.1M | -37.7M | -56M | 34.7M |
| Operating cash flow | 12.3M | -37.7M | -181.6M | -140.1M | -112.9M |
| Capital expenditure | -54.2K | -3.9M | -66.7K | -37K | — |
| Investing cash flow | -2.6M | 54.7M | -66.7K | -37K | -9.9M |
| Dividends paid | 0 | 0 | — | — | — |
| Share repurchases | 0 | -2M | 0 | 0 | — |
| Financing cash flow | 0 | -2.1M | -9.4M | 65M | 5.7M |
| Net change in cash | 9.7M | 14.8M | -191.1M | -75.1M | -117.1M |
| Free cash flow | 180.3K | -22.1M | -241.5M | -236.7M | -141M |