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 | -$0.18 | -$0.17 | +5.6% | — | $0 | — |
| Q4 25 | -$0.12 | $0.08 | +166.7% | — | $0 | — |
| Q3 25 | -$0.24 | -$0.28 | -16.7% | — | $0 | — |
| Q2 25 | -$0.38 | -$0.43 | -13.2% | — | — | — |
| Q1 25 | -$0.43 | -$0.47 | -9.3% | — | — | — |
| Q4 24 | -$0.43 | -$0.44 | -2.3% | — | — | — |
| Q3 24 | -$0.47 | -$0.5 | -6.4% | — | — | — |
| Q2 24 | -$0.51 | -$0.49 | +3.9% | — | — | — |
| Q1 24 | -$0.52 | -$0.9 | -73.1% | — | — | — |
| Q4 23 | -$0.6 | -$2.39 | -298.3% | — | — | — |
| Q3 23 | -$0.6 | -$0.8 | -33.3% | — | — | — |
| Q2 23 | -$0.6 | -$0.7 | -16.7% | — | $0 | — |
| Q1 23 | -$0.1 | -$0.7 | -600.0% | — | $0 | — |
| Q4 22 | -$0.01 | -$0.07 | -600.0% | — | $11.5M | — |
| Q3 22 | -$0.01 | -$0.08 | -700.0% | — | $8.8M | — |
| Q2 22 | -$0.1 | -$0.45 | -350.0% | — | $3.8M | — |
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 | — | -$0.94 | — | — | $0 | — |
| FY24 | — | -$2.63 | — | — | $0 | — |
| FY23 | — | -$2.61 | — | — | $0 | — |
| FY22 | — | -$3.58 | — | — | $33.2M | — |
| FY21 | — | -$14.7 |
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 | $13.7M | $47M | $110.7M | $33.2M | $0 | $0 | $0 |
| YoY change | — | +243.2% | +135.4% | -70% | -100% | 0% | 0% |
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 | 13.7M | 47M | 110.7M | 33.2M | 0 | 0 | 0 |
| Cost of revenue | 30.7M | 109.6M | 163.3M | 48.9M | 14.7M | 12.1M | — |
| Gross profit | -17M | -62.6M | -52.6M | -15.7M | -14.7M | -12.1M | — |
| Gross margin | -123.7% | -133% | -47.5% | -47.1% | — | — | — |
| Research & development | — | — | — | — | — | — | — |
| Selling, general & administrative | 13.8M | 21.1M | 14.6M | 14.4M | 12.7M | 14.5M | 14.5M |
| Operating expenses | 12.3M | 21.5M | 28.6M | 37.8M | 31.5M | 41.1M | 42.6M |
| Operating income | -33.9M | -84M | -81.2M | -53.5M | -46.2M | -53.2M | -44.6M |
| Operating margin | -247.1% | -178.6% | -73.3% | -161% | — | — | — |
| Non-operating income, net | -968K | -9.1M | 11.7M | 8.8M | 1.4M | 7.9M | 10.6M |
| Pretax income | -98.9M | -136.4M | -90.1M | -60.8M | -55M | -60.9M | -40.7M |
| Income tax | 0 | 0 | -1.5M | 0 | — | — | — |
| Net income | -98.9M | -136.4M | -88.6M | -60.8M | -55M | -60.9M | -40.7M |
| Net margin | -721.4% | -289.9% | -80% | -183.1% | — | — | — |
| EBITDA | -33.1M | -80M | -78.8M | -48.5M | -34.4M | -48.3M | -38.3M |
| EPS | -3.3K | -39.2 | -14.7 | -3.58 | -2.61 | -2.63 | -0.94 |
| Diluted EPS | -3.3K | -39.2 | -14.7 | -3.58 | -2.61 | -2.63 | -0.94 |
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 | — | — | — | — | — | — | — | — | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — | — | — | 502K | — | 385K | — |
| Gross profit | — | — | — | — | — | — | — | — | -502K | — | -385K | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Research & development | — | — | — | — | — | — | — | — | — | — | — | — |
| Selling, general & administrative | — | — | — | — | — | — | — | — | 2.6M | 5.5M | 34.2M | 15.2M |
| Operating expenses | — | — | — | — | — | — | — | — | 6.8M | 18.3M | 49.6M | 22.2M |
| Operating income | — | — | — | — | — | — | — | — | -7.3M | -18.8M | -50M | -22.5M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | — | — | — | — | — | — | — | — | 315K | 9.7M | -232K | -36K |
| Pretax income | — | — | — | — | — | — | — | — | -9.4M | -7.8M | -48.3M | -20.8M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — |
| Net income | — | — | — | — | — | — | — | — | -9.4M | -7.8M | -48.3M | -20.8M |
| Net margin | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA | — | — | — | — | — | — | — | — | -5.3M | -17.3M | -47.8M | -20.4M |
| EPS | -0.78 | — | -1 | -0.57 | -0.59 | — | -0.47 | -0.43 | -0.22 | — | -0.54 | -0.23 |
| Diluted EPS | -0.78 | — | -1 | -0.57 | -0.59 | — | -0.47 | -0.43 | -0.22 | — | -0.54 | -0.23 |
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 | 3.1M | — | — | — | — | 51.2M | — | 1.8B |
| Enterprise value | 550.9M | — | — | — | — | 126.2M | — | 1.8B |
| Shares outstanding | 30.2K | 3.5M | 6M | 17M | 21.1M | 23.2M | 43.3M | 43.3M |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | -20.9 |
| P/S | 0.23 | — | — | — | — | — | — | — |
| P/B | -0.01 | — | — | — | — | -1.53 | — | 7.39 |
| EV/EBITDA | -16.7 | — | — | — | — | -2.62 | — | -18.6 |
| EV/Sales | 40.2 | — | — | — | — | — | — | — |
| Earnings yield | — | — | — | — | — | — | — | -4.79% |
| FCF yield | -2.3K% | — | — | — | — | -72.5% | — | -1.47% |
| PEG | — | — | — | — | — | — | — | 0.45 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Gross margin | -123.7% | -133% | -47.5% | -47.1% | — | — | — | — |
| Operating margin | -247.1% | -178.6% | -73.3% | -161% | — | — | — | 0% |
| Net margin | -721.4% | -289.9% | -80% | -183.1% | — | — | — | 0% |
| ROE | 22.5% | -820.8% | 129.3% | -96.1% | -434.8% | 182.2% | -19% | -73.2% |
| ROA | -73.5% | -58.6% | -62.2% | -24.4% | -27.3% | -43.5% | -15.5% | -26.9% |
| ROIC | -31.2% | -77.8% | -101.8% | -94.9% | — | — | — | — |
| Return on tangible assets | -73.5% | -58.6% | -62.2% | -24.4% | -27.3% | -43.5% | -15.5% | -29.4% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Current ratio | 0.07 | 5.17 | 1.2 | 12.7 | 9.67 | 9.42 | 24.2 | 39.2 |
| Quick ratio | 0.06 | 4.57 | 0.84 | 12.4 | 9.51 | 9.19 | 24.1 | 38.9 |
| Debt / equity | -1.26 | 8.89 | -2.35 | 2.13 | 11.5 | -3.74 | 0 | 0 |
| Debt / assets | 4.11 | 0.64 | 1.13 | 0.54 | 0.72 | 0.89 | 0 | 0 |
| Net debt / EBITDA | -16.6 | -1.14 | -1.88 | 0.14 | -1.13 | -1.55 | 4.76 | 2.43 |
| Interest coverage | -0.57 | -2.29 | -5.19 | -2.42 | -2.06 | -2.07 | -2.73 | -20 |
| Effective tax rate | 0% | 0% | 0% | 0% | — | — | — | — |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Revenue per share | 454.6 | 13.5 | 18.4 | 1.96 | 0 | 0 | 0 | 0 |
| EPS (basic) | -3.3K | -39.2 | -14.7 | -3.58 | -2.61 | -2.63 | -0.94 | -0.94 |
| EPS (diluted) | -3.3K | -39.2 | -14.7 | -3.58 | -2.61 | -2.63 | -0.94 | -0.81 |
| Book value per share | -14.6K | 4.77 | -11.4 | 3.73 | 0.6 | -1.44 | 4.94 | 2.69 |
| FCF per share | -2.4K | -41.3 | -7.33 | -2.11 | -2.01 | -1.6 | -1.93 | -1.19 |
| Cash per share | 206.3 | 16.2 | 2.05 | 8.36 | 5.03 | 2.16 | 4.22 | 2.37 |
| Capex per share | 407.8 | 8.94 | 1.14 | 0.1 | 0.02 | 0.05 | — | — |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Capex / revenue | 89.7% | 66.2% | 6.21% | 5.31% | — | — | — | — |
| Capex / operating cash flow | -15.8% | -23.3% | -16.5% | -6.63% | -1.29% | -4.14% | — | — |
| Payout ratio | — | — | — | — | — | — | — | 0% |
| — |
| — |
| $110.7M |
| — |
| FY20 | — | -$39.2 | — | — | $47M | — |
| FY19 | — | -$3.3K | — | — | $13.7M | — |
| Q1 24 |
|---|
| Q2 24 |
|---|
| Q3 24 |
|---|
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | — | — | — | — | — | — | — | — | $0 | $0 | $0 | $0 |
| YoY change | — | — | — | — | — | — | — | — | — | — | — | — |
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 | 6.2M | 56.4M | 12.3M | 142M | 106.2M | 50M | 182.5M |
| Receivables | 97K | 426K | 0 | 2.8M | 0 | — | 609K |
| Inventory | 4.5M | 12.9M | 11.1M | 2.8M | 1.8M | 1.4M | 1.4M |
| Total current assets | 38.8M | 112M | 37.4M | 152.4M | 113.6M | 54.6M | 187.5M |
| Property, plant & equipment | 21M | 49.7M | 49.2M | 45.6M | 43.6M | 37M | 38.3M |
| Goodwill & intangibles | — | — | — | — | — | — | — |
| Total assets | 134.6M | 232.6M | 142.3M | 249M | 201.7M | 140.1M | 263M |
| Accounts payable | 10.7M | 12.3M | 9.4M | 5.6M | 1.6M | 2.4M | 4.4M |
| Short-term debt | 554M | 5.1M | 16.7M | 2.3M | 2.4M | 63K | 31K |
| Total current liabilities | 569.5M | 21.7M | 31.3M | 12M | 11.7M | 5.8M | 7.7M |
| Long-term debt | — | 142.7M | 144M | 132.7M | 142.6M | 124.9M | 8K |
| Total liabilities | 573.9M | 216M | 210.8M | 185.6M | 189M | 173.6M | 49.3M |
| Shareholders' equity | -439.3M | 16.6M | -68.5M | 63.3M | 12.7M | -33.4M | 213.7M |
| Total debt | 554M | 147.8M | 160.6M | 135M | 145M | 125M | 39K |
| Net debt | 547.7M | 91.4M | 148.3M | -7M | 38.8M | 75.4M | -181.7M |
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 | — | — | 57.6M | 59M | 56.5M | — | — | — | 139.9M | 182.5M | 189.7M | 220.5M |
| Receivables | 0 | 0 | — | — | — | 369K | 328K | 272K | 450K | 609K | 632K | 300K |
| Inventory | — | — | 1.7M | 1.8M | 1.4M | — | — | — | 1.3M | 1.4M | 1.5M | 1.6M |
| Total current assets | — | — | 65.5M | 67.2M | 64.1M | — | — | — | 145.4M | 187.5M | 194.2M | 225.6M |
| Property, plant & equipment | — | — | 42.6M | 42.5M | 42.6M | — | — | — | 41.5M | 38.3M | 38.7M | 38.6M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | — | — | 152.6M | 155.5M | 149M | — | — | — | 230.6M | 263M | 269.9M | 293.1M |
| Accounts payable | — | — | 1.7M | 2M | 3.2M | — | — | — | 1.8M | 4.4M | 3M | 2.2M |
| Short-term debt | — | — | 155K | 123K | 93K | — | — | — | 60K | 31K | 31K | 23K |
| Total current liabilities | — | — | 6M | 9.2M | 9.6M | — | — | — | 7.6M | 7.7M | 4.2M | 5.8M |
| Long-term debt | — | — | 116.4M | 119.2M | 122M | — | — | — | 134.2M | 8K | — | — |
| Total liabilities | — | — | 158.8M | 165.2M | 172.2M | — | — | — | 183.1M | 49.3M | 46.1M | 42.2M |
| Shareholders' equity | — | — | -6.3M | -9.7M | -23.1M | — | — | — | 47.5M | 213.7M | 223.8M | 250.9M |
| Total debt | — | — | 116.6M | 119.3M | 122.1M | — | — | — | 134.2M | 39K | 31K | 23K |
| Net debt | — | — | 59M | 60.8M | 66.3M | — | — | — | -4.9M | -181.7M | -189M | -220.5M |
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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Net income | -98.9M | -136.4M | -88.6M | -60.8M | -55M | -60.9M | -40.7M |
| Depreciation & amortization | 2.1M | 5.8M | 8.4M | 3.4M | 2.8M | 2.2M | 2M |
| Stock-based compensation | 1.8M | 2.6M | 2.3M | 2.5M | 2.9M | 2.6M | 1.9M |
| Change in working capital | -36.3M | -47.2M | 19M | 10.2M | 1.3M | -102K | 1.7M |
| Operating cash flow | -77.9M | -133.8M | -41.6M | -26.6M | -39.2M | -30.3M | -82.9M |
| Capital expenditure | -12.3M | -31.1M | -6.9M | 1.8M | -507K | -1.3M | — |
| Investing cash flow | -12.3M | -31.1M | -6.9M | 8.3M | -507K | 6.3M | 4.7M |
| Dividends paid | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — |
| Financing cash flow | 68.2M | 163.7M | -5.5M | 155.8M | -1.5M | -25.9M | 205.9M |
| Net change in cash | -22M | -1.2M | -54M | 137.6M | -41.2M | -49.9M | 127.7M |
| Free cash flow | -72.1M | -143.9M | -44M | -35.8M | -42.5M | -37.1M | -83.4M |
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 | -15.7M | -11.5M | -20.7M | -13.2M | -14.2M | -12.7M | -11.8M | -11.7M | -9.4M | -7.8M | -48.3M | -20.8M |
| Depreciation & amortization | 726K | 659K | 616K | 567K | 523K | 527K | 534K | 498K | 502K | 490K | 385K | 303K |
| Stock-based compensation | 640K | 720K | 679K | 800K | 604K | 544K | 528K | 636K | 366K | 366K | 19.1M | 13M |
| Change in working capital | 643K | 1.4M | -2.5M | 1.1M | 1M | 338K | 82K | 45K | 1.1M | 3.7M | -85K | 195K |
| Operating cash flow | -10.4M | -8.5M | -11.6M | -5.8M | -8.6M | -6.3M | -7.4M | -7.5M | -3.4M | -60.7M | -31.3M | -12.7M |
| Capital expenditure | 331K | -215K | 245K | -154K | 5.1M | -5.9M | -171K | -226K | — | — | — | — |
| Investing cash flow | 331K | -215K | 245K | 1M | 5.1M | -5.9M | -114K | -215K | 629K | 4M | 68K | 0 |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | -582K | 284K | -36.9M | 8.9M | 191K | 2.3M | 182K | 40.6M | 71.5M | 173.6M | 39.3M | 35.8M |
| Net change in cash | -10.7M | -8.4M | -48.2M | 4.1M | -3.3M | -10M | -7.3M | 32.9M | 68.6M | 116.9M | 8M | 23M |
| Free cash flow | -9.6M | -9.7M | -11.8M | -9M | -8M | -8.4M | -9.9M | -9.2M | -3.5M | -60.8M | -31.9M | -13M |