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 % |
|---|---|---|---|---|---|---|
| Q1 26 | $0.12 | $0.09 | -25.0% | — | $40.4M | — |
| Q3 25 | $0.16 | $0.26 | +62.5% | — | $39M | — |
| Q2 25 | $0.15 | $0.37 | +146.7% | — | $39.6M | — |
| Q1 25 | $0.23 | $0.46 | +100.0% | — | $40.6M | — |
| Q4 24 | $0.24 | $0.35 | +45.8% | — | $35.3M | — |
| Q3 24 | $0.16 | $0.25 | +56.3% | — | $32.1M | — |
| Q2 24 | $0.12 | $0.2 | +66.7% | — | $30.5M | — |
| Q1 24 | $0.15 | $0.2 | +33.3% | — | $29.2M | — |
| Q4 23 | $0.19 | $0.16 | -15.8% | — | $32.5M | — |
| Q3 23 | $0.1 | $0.13 | +30.0% | — | $23.5M | — |
| Q2 23 | $0.11 | $0.18 | +63.6% | — | $26M | — |
| Q1 23 | $0.17 | $0.2 | +17.6% | — | $26.7M | — |
| Q4 22 | $0.08 | $0.02 | -75.0% | — | $21.3M | — |
| Q3 22 | $0.05 | $0.06 | +20.0% | — | $19.6M | — |
| Q2 22 | $0.01 | $0.09 | +800.0% | — | $15.9M | — |
| Q1 22 | $0.12 | $0.15 | +25.0% | — | $19.6M | — |
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 | — | -$0.93 | — | — | $165.4M | — |
| FY24 | — | $0.85 | — | — | $127.2M | — |
| FY23 | — | $0.49 | — | — | $108.7M | — |
| FY22 | — | $0.07 | — | — | $76.5M | — |
| FY21 | — | $0.4 |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Revenue | $19.3M | $28M | $42.3M | $76.5M | $108.7M | $127.2M | $165.4M |
| YoY change | — | +45.2% | +51.3% | +80.8% | +42% | +17.1% | +30.1% |
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 |
|---|
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Revenue | 19.3M | 28M | 42.3M | 76.5M | 108.7M | 127.2M | 165.4M |
| Cost of revenue | — | 0 | 0 | 3M | 9.1M | 7.5M | 15.3M |
| Gross profit | — | 28M | 42.3M | 73.5M | 99.5M | 119.6M | 150.2M |
| Gross margin | — | 100% | 100% | 96.1% | 91.6% | 94.1% | 90.8% |
| Research & development | 2.5M | 2.5M | 3.9M | 6.8M | 10.3M | — | — |
| Selling, general & administrative | 14.7M | 11.9M | 24.3M | 46.2M | 57.6M | 72.6M | 99.6M |
| Operating expenses | 19.7M | 16.9M | 32.2M | 59.7M | 78.2M | 75.5M | 103.6M |
| Operating income | 1.4M | 11.1M | 11.9M | 13.3M | 29.5M | 37.8M | 31.8M |
| Operating margin | 7.27% | 39.8% | 28.1% | 17.3% | 27.2% | 29.7% | 19.2% |
| Non-operating income, net | -94K | 1M | 1M | -9.3M | -8.7M | -835K | -55.9M |
| Pretax income | -1M | 10.8M | 12.2M | 2.9M | 20.1M | 34.1M | -32.4M |
| Income tax | 872K | -4.4M | -289K | 510K | 1.9M | 3.5M | 522K |
| Net income | -1.9M | 15.2M | 12.5M | 2.4M | 18.3M | 30.7M | -32.9M |
| Net margin | -9.87% | 54.1% | 29.4% | 3.12% | 16.8% | 24.1% | -19.9% |
| EBITDA | 3.7M | 14.9M | 14.2M | 20.1M | 31.8M | 43.6M | 45.5M |
| EPS | -0.06 | 0.45 | 0.4 | 0.07 | 0.49 | 0.85 | -0.93 |
| Diluted EPS | -0.06 | 0.45 | 0.37 | 0.07 | 0.47 | 0.84 | -0.93 |
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 | 23.5M | 32.5M | 29.2M | 30.5M | 32.1M | 35.3M | 40.6M | 39.6M | 39M | 46.2M | 40.4M | 37.8M |
| Cost of revenue | 2.1M | 5.1M | 2.2M | 1.4M | 1.7M | 2.2M | 2.2M | 2.7M | 3.4M | 6.9M | 6.1M | 5.9M |
| Gross profit | 21.3M | 27.4M | 27M | 29.1M | 30.4M | 33.1M | 38.4M | 36.9M | 35.6M | 39.3M | 34.4M | 31.8M |
| Gross margin | 90.9% | 84.4% | 92.4% | 95.3% | 94.8% | 93.8% | 94.5% | 93.1% | 91.3% | 85.1% | 84.9% | 84.3% |
| Research & development | 2.5M | 3.1M | 3.2M | 3.1M | — | — | — | — | — | — | — | — |
| Selling, general & administrative | 15M | 15.9M | 14.8M | 16.1M | 17.7M | 19.3M | 22.9M | 23.8M | 23.6M | 29.9M | 25.7M | 24.3M |
| Operating expenses | 18M | 22M | 21.2M | 22.3M | 18.7M | 20.3M | 23.9M | 29.9M | 29.6M | 16M | 27.2M | 26.5M |
| Operating income | 4.8M | 8.7M | 8.7M | 7.9M | 9.6M | 11.7M | 10.4M | 6.8M | 6.1M | 8.9M | 3.3M | 2.1M |
| Operating margin | 20.4% | 26.7% | 29.8% | 25.8% | 29.9% | 33% | 25.5% | 17.1% | 15.6% | 19.3% | 8.08% | 5.43% |
| Non-operating income, net | 808K | -2.2M | -88K | 648K | 385K | -1.8M | 3.4M | -21.2M | -7.5M | -26.7M | 171K | -3.4M |
| Pretax income | 5.3M | 6.2M | 8.4M | 7.7M | 9.1M | 9M | 10.9M | -12.3M | -3.5M | -27.6M | 52K | -4.3M |
| Income tax | 297K | -159K | 1.1M | 723K | 593K | 1.1M | -287K | 1.2M | 399K | -750K | 1.2M | 335K |
| Net income | 5M | 6.4M | 7.3M | 6.9M | 8.5M | 7.9M | 11.2M | -13.4M | -3.9M | -26.9M | -1.2M | -4.6M |
| Net margin | 21.4% | 19.6% | 25% | 22.7% | 26.5% | 22.5% | 27.7% | -33.9% | -9.9% | -58.2% | -2.91% | -12.2% |
| EBITDA | 5.4M | 9.3M | 9.4M | 9.5M | 11.4M | 13.3M | 14M | 14.6M | 10.2M | 3.1M | 6.9M | 5.6M |
| EPS | 0.13 | — | 0.2 | 0.19 | 0.24 | 0.23 | 0.32 | -0.38 | -0.11 | -0.77 | -0.03 | -0.13 |
| Diluted EPS | 0.13 | — | 0.19 | 0.19 | 0.24 | 0.23 | 0.31 | -0.38 | -0.11 | -0.77 | -0.03 | -0.13 |
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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Market cap | — | — | 313.5M | — | 361.6M | 507.4M | 193.7M | 55.3M |
| Enterprise value | — | — | 270.1M | — | 337.9M | 521.6M | 301.3M | 176.8M |
| Shares outstanding | 33.8M | 33.8M | 30.9M | 36.5M | 37.1M | 36M | 35.5M | 35.5M |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| P/E | — | — | 25.2 | — | 19.8 | 16.5 | — | 82.8 |
| P/S | — | — | 7.41 | — | 3.33 | 3.99 | 1.17 | 0.39 |
| P/B | — | — | 3.92 | — | 3.04 | 4.12 | 1.79 | 0.61 |
| EV/EBITDA | — | — | 19 | — | 10.6 | 12 | 6.62 | 5.04 |
| EV/Sales | — | — | 6.38 | — | 3.11 | 4.1 | 1.82 | 1.07 |
| Earnings yield | — | — | 3.97% | — | 5.05% | 6.05% | — | 1.21% |
| FCF yield | — | — | 2.69% | — | 2.4% | 0.75% | 7.41% | 19.2% |
| PEG | — | — | — | — | — | — | — | -1.26 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Gross margin | — | 100% | 100% | 96.1% | 91.6% | 94.1% | 90.8% | 84.3% |
| Operating margin | 7.27% | 39.8% | 28.1% | 17.3% | 27.2% | 29.7% | 19.2% | 8.96% |
| Net margin | -9.87% | 54.1% | 29.4% | 3.12% | 16.8% | 24.1% | -19.9% | -27.4% |
| ROE | -14.7% | 44.3% | 15.6% | 2.74% | 15.4% | 24.9% | -30.5% | -35.6% |
| ROA | -5.41% | 33.4% | 13.7% | 1.72% | 11.8% | 17.2% | -11% | 6% |
| ROIC | 5.27% | 32.8% | 32.6% | 18.4% | 28.1% | 24.7% | 14.8% | 9.15% |
| Return on tangible assets | 16.6% | -872.3% | 31% | -6.26% | -44.4% | -36.9% | 17.2% | 18.8% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Current ratio | 3.98 | 3.74 | 5.75 | 1.32 | 1.45 | 1.17 | 1.21 | 1.31 |
| Quick ratio | 3.98 | 3.74 | 5.75 | 1.32 | 1.45 | 1.17 | 1.21 | 0.59 |
| Debt / equity | 1.59 | 0.23 | 0.1 | 0.02 | 0.01 | 0.23 | 1.14 | 1.13 |
| Debt / assets | 0.59 | 0.17 | 0.08 | 0.01 | 0.01 | 0.16 | 0.41 | 0.44 |
| Net debt / EBITDA | 3.71 | -0.02 | -3.06 | -1.37 | -0.75 | 0.33 | 2.36 | 4.57 |
| Interest coverage | 0.58 | 7.23 | 19.2 | 3.99 | 23.4 | 13.2 | -3.26 | -2.85 |
| Effective tax rate | 0% | 0% | 0% | 17.6% | 9.34% | 10.2% | 0% | 0% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0.57 | 0.83 | 1.37 | 2.1 | 2.93 | 3.53 | 4.66 | 4.67 |
| EPS (basic) | -0.06 | 0.45 | 0.4 | 0.07 | 0.49 | 0.85 | -0.93 | -0.93 |
| EPS (diluted) | -0.06 | 0.45 | 0.37 | 0.07 | 0.47 | 0.84 | -0.93 | -1.27 |
| Book value per share | 0.38 | 1.01 | 2.59 | 2.39 | 3.21 | 3.42 | 3.04 | 3.04 |
| FCF per share | 0.07 | 0.32 | 0.27 | 0.26 | 0.23 | 0.11 | 0.4 | -0.04 |
| Cash per share | 0.21 | 0.24 | 1.65 | 0.81 | 0.69 | 0.38 | 0.45 | 0.25 |
| Capex per share | 0.01 | 0 | 0.01 | 0.01 | 0.01 | 0.04 | 0.11 | 0.13 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Capex / revenue | 1.01% | 0.16% | 0.72% | 0.43% | 0.42% | 1.04% | 2.35% | 2.81% |
| Capex / operating cash flow | 4.82% | 0.38% | 1.99% | 2.04% | 2.72% | 3.38% | 20.4% | 125.2% |
| Payout ratio | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Dividend yield | — | — | 0% | — | 0% | 0% | 0% | 0% |
| — |
| — |
| $42.3M |
| — |
| FY20 | — | $0.45 | — | — | $28M | — |
| FY19 | — | -$0.06 | — | — | $19.3M | — |
| Q1 24 |
|---|
| Q2 24 |
|---|
| Q3 24 |
|---|
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $23.5M | $32.5M | $29.2M | $30.5M | $32.1M | $35.3M | $40.6M | $39.6M | $39M | $46.2M | $40.4M | $37.8M |
| YoY change | +19.4% | +52.4% | +9.45% | +17.6% | +36.9% | +8.54% | +39.1% | +29.6% | +21.4% | +31% | -0.48% | -4.62% |
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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 7M | 8.2M | 51M | 29.7M | 25.4M | 13.7M | 15.8M |
| Receivables | 1.7M | 4.8M | 4M | 9.8M | 19M | 17.9M | 21.1M |
| Inventory | — | — | 0 | 75K | 0 | — | — |
| Total current assets | 9.4M | 13.7M | 56.5M | 42M | 47.4M | 34.9M | 42.3M |
| Property, plant & equipment | 2.5M | 2.3M | 2M | 2.5M | 2.4M | 6.5M | 6.4M |
| Goodwill & intangibles | 46.6M | 47.1M | 50.8M | 177M | 196M | 261.6M | 491.4M |
| Total assets | 35.1M | 45.4M | 91M | 138.9M | 154.9M | 178.6M | 299.7M |
| Accounts payable | 503K | 521K | 1M | 1.2M | 1.9M | 2.4M | 3M |
| Short-term debt | 762K | 436K | 6.3M | 554K | 533K | 4.6M | 11.2M |
| Total current liabilities | 2.4M | 3.7M | 9.8M | 31.7M | 32.7M | 29.7M | 35M |
| Long-term debt | 19.9M | 7.5M | 1.3M | 1.5M | 1.2M | 23.4M | 112.2M |
| Total liabilities | 22.2M | 11.2M | 11.1M | 51.8M | 35.9M | 55.4M | 191.7M |
| Shareholders' equity | 12.9M | 34.2M | 79.9M | 87.1M | 118.9M | 123.2M | 108M |
| Total debt | 20.6M | 7.9M | 7.6M | 2.1M | 1.7M | 28M | 123.4M |
| Net debt | 13.6M | -290K | -43.4M | -27.6M | -23.7M | 14.2M | 107.6M |
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 | 26.9M | 25.4M | 25.3M | 7.5M | 15.7M | 13.7M | 21.5M | 18.7M | 7.4M | 15.8M | 8.4M | 8.8M |
| Receivables | 14.7M | 19M | 16.3M | 18.1M | 16.9M | 17.9M | 18.4M | 22.5M | 23.9M | 21.1M | 22.9M | 18.3M |
| Inventory | 0 | 0 | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 44.5M | 47.4M | 44.8M | 28.3M | 36.4M | 34.9M | 45.5M | 41.2M | 31.3M | 42.3M | 38.2M | 33.8M |
| Property, plant & equipment | 2.4M | 2.4M | 2.2M | 7M | 6.9M | 6.5M | 6.5M | 9.2M | 6.8M | 6.4M | 5.9M | 5.6M |
| Goodwill & intangibles | 177M | 196M | 193M | 266.3M | 276.8M | 261.6M | 496.3M | 510.1M | 261.9M | 491.4M | 482.9M | 478.5M |
| Total assets | 141.5M | 154.9M | 150.3M | 175.1M | 188.5M | 178.6M | 305.9M | 309M | 305.1M | 299.7M | 290.7M | 284.4M |
| Accounts payable | 1.4M | 1.9M | 1.8M | 890K | 1.6M | 2.4M | 1.7M | 9.8M | 12.1M | 3M | 2.9M | 2.2M |
| Short-term debt | 571K | 533K | 542K | 1.4M | 4.2M | 4.6M | 11.7M | 15.7M | 11.2M | 11.2M | 11.2M | 11.3M |
| Total current liabilities | 29.3M | 32.7M | 25.6M | 28.6M | 35.3M | 29.7M | 42.9M | 70.1M | 67.7M | 35M | 29.2M | 56.9M |
| Long-term debt | 1.3M | 1.2M | 1.1M | 21.4M | 25.7M | 23.4M | 81.7M | 79.9M | 77M | 112.2M | 109.7M | 115.2M |
| Total liabilities | 32.7M | 35.9M | 28.7M | 52.2M | 63.2M | 55.4M | 158.5M | 169.3M | 171.4M | 191.7M | 183.5M | 179.8M |
| Shareholders' equity | 108.8M | 118.9M | 121.6M | 122.9M | 125.3M | 123.2M | 147.4M | 139.7M | 133.7M | 108M | 107.1M | 104.6M |
| Total debt | 1.8M | 1.7M | 1.6M | 22.7M | 29.9M | 28M | 93.4M | 95.6M | 88.2M | 123.4M | 120.9M | 126.5M |
| Net debt | -25.1M | -23.7M | -23.7M | 15.2M | 14.1M | 14.2M | 71.9M | 76.9M | 80.8M | 107.6M | 112.5M | 117.6M |
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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Net income | -1M | 10.8M | 12.2M | 2.9M | 20.1M | 34.1M | -32.4M |
| Depreciation & amortization | 2.2M | 2.2M | 2.4M | 7M | 2.1M | 5.8M | 14.4M |
| Stock-based compensation | 0 | 315K | 2M | 3.2M | 3.6M | 5M | 6.9M |
| Change in working capital | 511K | -3.1M | -549K | -5.9M | -10.3M | -98K | -2.2M |
| Operating cash flow | 4M | 12M | 15.3M | 16.2M | 16.6M | 39.2M | 19.1M |
| Capital expenditure | -195K | -46K | -305K | -330K | -451K | -1.3M | -3.9M |
| Investing cash flow | -195K | -46K | -305K | -23.7M | -10.9M | -11.5M | -98.2M |
| Dividends paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share repurchases | — | 0 | 0 | -348K | -2.6M | -27.1M | -5.6M |
| Financing cash flow | 2.8M | -8.2M | 35.7M | -6.7M | -3M | -3.9M | 100M |
| Net change in cash | 6.6M | 3.8M | 50.7M | -14.2M | 2.7M | 23.8M | 20.9M |
| Free cash flow | 2.3M | 10.8M | 8.4M | 9.5M | 8.7M | 3.8M | 14.3M |
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 | 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 | 5.3M | 6.2M | 8.4M | 7.7M | 9.1M | 9M | 10.9M | -12.3M | -3.5M | -27.6M | 52K | -4.3M |
| Depreciation & amortization | 495K | 568K | 624K | 1.6M | 1.8M | 1.8M | 3.8M | 3.4M | 3.6M | 3.7M | 3.8M | 3.3M |
| Stock-based compensation | 696K | 817K | 837K | 1.7M | 1.2M | 1.2M | 1.4M | 2.2M | 1.7M | 1.6M | — | 1.9M |
| Change in working capital | -5.2M | -3.3M | 2.2M | -2.2M | 535K | -669K | -2.2M | 1.7M | 519K | -4.5M | -2.3M | 5.5M |
| Operating cash flow | -2.2M | 6.3M | 11.6M | 2.3M | 13.1M | 12.2M | 13M | 9.4M | 10.9M | -9.9M | 914K | 1.8M |
| Capital expenditure | -90K | -157K | -72K | -842K | -274K | -138K | -311K | -964K | -1.1M | -1M | -1.3M | -1.2M |
| Investing cash flow | -2.6M | -157K | -4.5M | -2M | 9.8M | -10.3M | -67.6M | -11.5M | -7.8M | -24.9M | -3M | -3.9M |
| Dividends paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share repurchases | 0 | -1.8M | -3.1M | -6.7M | -12.4M | -4.9M | 0 | 0 | -4.5M | -1M | — | — |
| Financing cash flow | -105K | -1.9M | -3.2M | 11.2M | -5.7M | -5.6M | 65.3M | 611K | -7M | 37.8M | 682K | 3.3M |
| Net change in cash | -5M | 4.2M | 3.9M | 11.5M | 17.2M | -3.7M | 10.7M | -1.5M | -3.9M | 2.9M | -1.4M | 1.1M |
| Free cash flow | -1.3M | -121K | 8.2M | -21.8M | 13.8M | 3.6M | 10.3M | 8.2M | 9.6M | -11.1M | -485K | 375K |