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 % |
|---|---|---|---|---|---|---|
| Q4 25 | — | -$0.15 | — | — | $36.1M | — |
| Q3 25 | -$0.01 | $0.09 | +1000.0% | — | $9.1M | — |
| Q2 25 | $0.11 | $0.05 | -54.5% | — | $43.2M | — |
| Q1 25 | $0.03 | -$0.04 | -233.3% | — | $132.4M | — |
| Q4 24 | $0.05 | $0.01 | -80.0% | — | $74.2M | — |
| Q3 24 | $0.05 | $0.01 | -80.0% | — | $8.5M | — |
| Q2 24 | $0.04 | $0.06 | +50.0% | — | $17.1M | — |
| Q1 24 | -$0.02 | -$0.05 | -150.0% | — | $24.3M | — |
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 | — | -$0.86 | — | — | $220.9M | — |
| FY24 | — | $0.86 | — | — | $281.8M | — |
| FY23 | — | -$0.44 | — | — | $82.2M | — |
| FY22 | — | $5.69 | — | — | $473.7M | — |
| FY21 | — | $8.92 |
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 | $35.8M | $54.6M | $631.8M | $473.7M | $82.2M | $281.8M | $220.9M |
| YoY change | — | +52.5% | +1.1K% | -25% | -82.6% | +242.7% | -21.6% |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | Q1 23 | Q2 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 | 35.8M | 54.6M | 631.8M | 473.7M | 82.2M | 281.8M | 220.9M |
| Cost of revenue | 29.6M | 23.3M | 114M | 87M | 73.1M | 130.5M | 204.9M |
| Gross profit | 6.2M | 31.3M | 517.9M | 386.7M | 9.1M | 151.3M | 16M |
| Gross margin | 17.4% | 57.3% | 82% | 81.6% | 11% | 53.7% | 7.23% |
| Research & development | 9.1M | 22.5M | 53.2M | 48.4M | 42.3M | 109.4M | 77.3M |
| Selling, general & administrative | 5M | 3.3M | 17.4M | 15.6M | 31.7M | 38.7M | 43.3M |
| Operating expenses | 8.8M | 23.2M | 69.8M | 34.2M | 61M | 140.3M | 112M |
| Operating income | -2.5M | 8M | 448.1M | 352.5M | -51.9M | 11M | -96.1M |
| Operating margin | -7.09% | 14.7% | 70.9% | 74.4% | -63.1% | 3.92% | -43.5% |
| Non-operating income, net | -55K | 348K | -238K | 3.5M | -350K | 23M | 1.2M |
| Pretax income | -2.7M | 8.2M | 450.1M | 367.1M | -35.6M | 50.2M | -83.9M |
| Income tax | 238K | 0 | 0 | 11.9M | -8.8M | -1.3M | -36.3M |
| Net income | -3M | 8.2M | 450.1M | 355.2M | -26.8M | 51.5M | -47.5M |
| Net margin | -8.24% | 15.1% | 71.2% | 75% | -32.6% | 18.3% | -21.5% |
| EBITDA | -2.1M | 8.8M | 451.1M | 365.4M | -31.3M | 32M | -79M |
| EPS | -0.05 | 0.14 | 8.92 | 5.69 | -0.44 | 0.86 | -0.86 |
| Diluted EPS | -0.05 | 0.14 | 8.92 | 5.69 | -0.44 | 0.86 | -0.86 |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | Q1 23 | Q2 23 | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 26M | 13.9M | 6.8M | 35.5M | 24.3M | 17.1M | 8.5M | 74.2M | 132.4M | 43.2M | 9.1M | 36.1M |
| Cost of revenue | 13.2M | 30.7M | 15.1M | 14.1M | 15.3M | 5.7M | 2.7M | 54.8M | 57M | 32.9M | 18.2M | 96.7M |
| Gross profit | 12.8M | -16.8M | -8.2M | 21.3M | 9M | 11.4M | 5.7M | 19.4M | 75.3M | 10.3M | -9.1M | -60.6M |
| Gross margin | 49.1% | -121% | -120% | 60.1% | 37.1% | 66.7% | 67.7% | 26.2% | 56.9% | 23.8% | -99.2% | -167.7% |
| Research & development | 8M | 9M | 11.4M | 14M | 36.5M | 1.8M | 1.9M | 45.9M | 26.4M | 15.2M | 22.7M | 13.1M |
| Selling, general & administrative | 6.2M | 8.3M | 8.4M | 8.8M | 7M | 1.5M | 1.5M | 10.1M | 12.1M | 11.2M | 10.1M | 9.9M |
| Operating expenses | 10.1M | 17.3M | 19.7M | 22.8M | 43.6M | 3.3M | 3.5M | 56M | 38.4M | 26.4M | 32.7M | 23M |
| Operating income | -1.4M | -34.1M | -28M | 11.6M | -34.6M | 8.1M | 2.3M | -28.7M | 36.9M | -16.2M | -41.8M | -75M |
| Operating margin | -5.47% | -245.5% | -408.6% | 32.8% | -142.4% | 47.2% | 26.9% | -38.7% | 27.9% | -37.4% | -456.8% | -207.7% |
| Non-operating income, net | 4.2M | 1.3M | 749K | -6.6M | 5.3M | 75.1K | -1.7M | 28.9M | -70.8M | 42.7M | 108.4M | -79.1M |
| Pretax income | 6.3M | -28.5M | -22.6M | 9.3M | -25.1M | 8.7M | 1.2M | 3.9M | -30.7M | 29.6M | 69M | -151.8M |
| Income tax | 1.5M | -7.9M | -3.5M | 1.2M | -10.3M | 1.7M | 764.5K | -8.9M | 3.3M | -8.7M | -5.4M | -25.5M |
| Net income | 4.7M | -20.5M | -19.1M | 8.1M | -14.8M | 7M | 444.8K | 12.8M | -34M | 38.3M | 74.4M | -126.2M |
| Net margin | 18.2% | -147.6% | -279.1% | 22.8% | -61% | 40.9% | 5.23% | 17.2% | -25.7% | 88.6% | 813.9% | -349.3% |
| EBITDA | -1.5M | -35.1M | -27.4M | 15.4M | -39.8M | 8M | 4.3M | -20.2M | 107.9M | -58.6M | -147.6M | 12.5M |
| EPS | 0.08 | -0.34 | -0.32 | — | -0.24 | 0.84 | 0.06 | 0.22 | -0.56 | 0.64 | 1.22 | -2.16 |
| Diluted EPS | 0.08 | -0.34 | -0.32 | — | -0.24 | 0.84 | 0.06 | 0.22 | -0.56 | 0.64 | 1.22 | -2.16 |
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 |
|---|---|---|---|---|---|---|---|---|
| Shares outstanding | 434.8M | 427.5M | 366.5M | 453.5M | 434M | 60M | 60.5M | 60.5M |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Gross margin | 17.4% | 57.3% | 82% | 81.6% | 11% | 53.7% | 7.23% | 7.23% |
| Operating margin | -7.09% | 14.7% | 70.9% | 74.4% | -63.1% | 3.92% | -43.5% | -43.5% |
| Net margin | -8.24% | 15.1% | 71.2% | 75% | -32.6% | 18.3% | -21.5% | -21.5% |
| ROE | — | 24.1% | 77.8% | 38% | -2.82% | 5.08% | -4.89% | -4.89% |
| ROA | — | 18.8% | 73.6% | 37.3% | -2.74% | 4.73% | -4.68% | -4.68% |
| ROIC | — | 54.2% | 573.1% | 153.2% | -21.3% | 2.24% | -19% | -19% |
| Return on tangible assets | — | 18.8% | 73.6% | 37.3% | -2.76% | 6.56% | -7.71% | -7.71% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Current ratio | — | 4.48 | 19.2 | 43.3 | 28.3 | 9.43 | 13.6 | 13.6 |
| Quick ratio | — | 3.5 | 17.1 | 39.3 | 26.8 | 8.14 | 12.4 | 12.4 |
| Debt / equity | — | 0.01 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt / assets | — | 0.01 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net debt / EBITDA | — | -2.21 | -1.11 | -1.95 | 22.6 | -16.2 | 5.91 | 5.91 |
| Interest coverage | -19.5 | 50.1 | 2.3K | 5K | -572.4 | 897 | -2.1K | -2.1K |
| Effective tax rate | 0% | 0% | 0% | 3.23% | 0% | 0% | 0% | 0% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0.08 | 0.13 | 1.72 | 1.04 | 0.19 | 4.7 | 3.65 | 3.65 |
| EPS (basic) | -0.05 | 0.14 | 8.92 | 5.69 | -0.44 | 0.86 | -0.86 | -0.86 |
| EPS (diluted) | -0.05 | 0.14 | 8.92 | 5.69 | -0.44 | 0.86 | -0.86 | -0.86 |
| Book value per share | — | 0.08 | 1.58 | 2.06 | 2.19 | 16.9 | 16.1 | 16.1 |
| FCF per share | -0.01 | 0.04 | 1.07 | 0.46 | -0.13 | -2.47 | -1.62 | -1.62 |
| Cash per share | — | 0.05 | 1.37 | 1.57 | 1.63 | 8.69 | 7.74 | 7.74 |
| Capex per share | 0 | 0 | 0 | 0.26 | 0.11 | 0.17 | — | — |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Capex / revenue | 0.46% | 0.46% | 0.28% | 24.7% | 58.6% | 3.58% | — | — |
| Capex / operating cash flow | -5.95% | 1.69% | 0.43% | 34.7% | -336.9% | -6.32% | — | — |
| Payout ratio | 0% | 0% | 2.34% | 0% | 0% | — | — | — |
| — |
| — |
| $631.8M |
| — |
| FY20 | — | $0.14 | — | — | $54.6M | — |
| FY19 | — | -$0.05 | — | — | $35.8M | — |
| Q3 23 |
|---|
| Q4 23 |
|---|
| Q1 24 |
|---|
| Q2 24 |
|---|
| Q3 24 |
|---|
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Revenue | $26M | $13.9M | $6.8M | $35.5M | $24.3M | $17.1M | $8.5M | $74.2M | $132.4M | $43.2M | $9.1M | $36.1M |
| YoY change | -83.1% | -91.3% | -94.6% | +5.32% | -6.76% | +23.2% | +24.2% | +109.2% | +445.5% | +152.2% | +7.61% | -51.3% |
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 | 19.6M | 502.4M | 712.2M | 708.3M | 520.8M | 468.1M |
| Receivables | 6.5M | 0 | — | — | — | — |
| Inventory | 9.5M | 66.8M | 77.8M | 41.8M | 98.6M | 52.2M |
| Total current assets | 43.3M | 607.4M | 832M | 797.5M | 720.9M | 582M |
| Property, plant & equipment | 645K | 3.9M | 121.2M | 120.6M | 114.2M | 4M |
| Goodwill & intangibles | — | — | 0 | 8.1M | 304.7M | 399.2M |
| Total assets | 43.9M | 611.3M | 953.1M | 979.3M | 1.1B | 1B |
| Accounts payable | 621K | 6.6M | 2.9M | 195K | 14.8M | 3M |
| Short-term debt | 239K | 934K | 972K | 1.1M | 272K | 542K |
| Total current liabilities | 9.7M | 31.6M | 19.2M | 28.2M | 76.4M | 42.8M |
| Long-term debt | 0 | 1.3M | 294K | 761K | 0 | 558K |
| Total liabilities | 9.7M | 32.9M | 19.5M | 28.9M | 76.4M | 43.3M |
| Shareholders' equity | 34.2M | 578.4M | 933.6M | 950.3M | 1B | 972M |
| Total debt | 239K | 2.2M | 1.3M | 1.9M | 272K | 1.1M |
| Net debt | -19.4M | -500.2M | -711M | -692.9M | -322M | -220.6M |
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 | Q1 23 | Q2 23 | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 762.2M | 762.2M | 707M | 708.3M | 670.9M | 92.1M | 79.4M | 520.8M | 543.8M | 491.7M | 452.7M | 468.1M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | 83.8M | 70.3M | 55.9M | 41.8M | 30.8M | 5.6M | 12.3M | 98.6M | 92.5M | 131.8M | 130.1M | 52.2M |
| Total current assets | 865.5M | 842.2M | 773.4M | 797.5M | 738.8M | 106.1M | 102.7M | 720.9M | 719.3M | 677.1M | 663.5M | 582M |
| Property, plant & equipment | 120.2M | 123.8M | 168.2M | 120.6M | 51M | 6.9M | 16.9M | 114.2M | 155.9M | 154.9M | 142.7M | 4M |
| Goodwill & intangibles | — | — | 1.3M | 8.1M | 55M | 38.8M | 43.2M | 304.7M | 210M | 322M | 533.4M | 399.2M |
| Total assets | 985.7M | 974.2M | 955.5M | 979.3M | 955M | 151.2M | 150.1M | 1.1B | 1B | 1.1B | 1.1B | 1B |
| Accounts payable | 1.1M | 944K | 151K | 195K | 1.2M | 580.7K | 1.1M | 14.8M | 5.2M | 4.3M | 5.4M | 3M |
| Short-term debt | 820K | 1M | 709K | 1.1M | 1.1M | 210.4K | 160.1K | 272K | — | — | — | 542K |
| Total current liabilities | 13.7M | 12.7M | 12.8M | 28.2M | 17.1M | 13.4M | 9.9M | 76.4M | 52.9M | 32.9M | 40.1M | 42.8M |
| Long-term debt | 207K | 1.1M | 1.1M | 761K | 382K | 0 | 0 | 0 | — | — | — | 558K |
| Total liabilities | 13.9M | 13.8M | 14M | 28.9M | 17.5M | 13.4M | 10M | 76.4M | 52.9M | 32.9M | 40.1M | 43.3M |
| Shareholders' equity | 971.9M | 960.3M | 941.6M | 950.3M | 937.4M | 137.8M | 140.1M | 1B | 985.1M | 1B | 1.1B | 972M |
| Total debt | 1M | 2.1M | 1.8M | 1.9M | 1.5M | 210.4K | 160.1K | 272K | — | — | — | 1.1M |
| Net debt | -761.2M | -760.1M | -701.8M | -692.9M | -664.3M | -89.6M | -72.3M | -322M | — | — | — | -220.6M |
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 | -3M | 8.2M | 450.1M | 355.2M | -26.8M | 51.5M | -47.5M |
| Depreciation & amortization | 440K | 687K | 553K | 1.8M | 3.8M | 5M | 6.8M |
| Stock-based compensation | 923K | 0 | 0 | 0 | 3.5M | 9M | 8.7M |
| Change in working capital | -1.6M | 5.8M | -42.8M | -20.2M | 18.1M | -65.7M | -74M |
| Operating cash flow | -2.8M | 14.9M | 408M | 336.9M | -14.3M | -159.3M | -92.9M |
| Capital expenditure | -165K | -251K | -1.8M | -116.9M | -48.1M | -10.1M | — |
| Investing cash flow | -165K | -251K | -1.8M | -229.7M | -61.6M | -125.9M | -24.1M |
| Dividends paid | 0 | 0 | -10.5M | 0 | 0 | — | — |
| Share repurchases | — | — | — | — | — | — | — |
| Financing cash flow | 3.5M | -5.5M | 84.3M | 0 | 51.2M | 0 | 7.4M |
| Net change in cash | 583K | 9.1M | 490.5M | 107.1M | -24.6M | -285.3M | -109.7M |
| Free cash flow | -6.2M | 15.3M | 393.6M | 209.8M | -56.3M | -148.3M | -97.6M |
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 | Q4 21 | Q4 22 | Q4 24 |
|---|---|---|---|
| Net income | 198.6M | 12.7M | 12.8M |
| Depreciation & amortization | 517K | 1.1M | 1.3M |
| Stock-based compensation | — | — | 2M |
| Change in working capital | -6.2M | -1.5M | -7.7M |
| Operating cash flow | 192.8M | 12.3M | -35.4M |
| Capital expenditure | -700K | -1.4M | -5.3M |
| Investing cash flow | -700K | -1.4M | -61.9M |
| Dividends paid | -10.5M | 0 | — |
| Share repurchases | — | — | — |
| Financing cash flow | -15.5M | 0 | 0 |
| Net change in cash | 176.6M | 10.9M | -97.3M |
| Free cash flow | 174.4M | 9.1M | -27.8M |