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 | -$0.07 | -$0.08 | -14.3% | — | $18.1M | — |
| Q1 26 | -$0.08 | -$0.12 | -50.0% | — | $7.1M | — |
| Q4 25 | -$0.08 | -$0.1 | -25.0% | — | $12.7M | — |
| Q3 25 | -$0.08 | -$0.08 | 0.0% | — | $15.3M | — |
| Q2 25 | -$0.09 | -$0.09 | 0.0% | — | $9.7M | — |
| Q1 25 | -$0.1 | -$0.07 | +30.0% | — | $17.4M | — |
| Q4 24 | -$0.13 | -$0.11 | +15.4% | — | $6M | — |
| Q3 24 | -$0.13 | -$0.15 | -15.4% | — | $4.5M | — |
| Q2 24 | -$0.15 | -$0.13 | +13.3% | — | $6.7M | — |
| Q1 24 | -$0.15 | -$0.18 | -20.0% | — | $7.1M | — |
| Q4 23 | -$0.18 | -$0.18 | 0.0% | — | $14.9M | — |
| Q3 23 | -$0.22 | -$0.18 | +18.2% | — | $3.5M | — |
| Q2 23 | -$0.22 | -$0.23 | -4.5% | — | $1.5M | — |
| Q1 23 | -$0.22 | -$0.26 | -18.2% | — | $1M | — |
| Q4 22 | -$0.22 | -$0.25 | -13.6% | — | $1.6M | — |
| Q3 22 | -$0.23 | -$0.25 | -8.7% | — | $878K | — |
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 | — | -$0.34 | — | — | $55.1M | — |
| FY24 | — | -$0.57 | — | — | $24.3M | — |
| FY23 | — | -$0.84 | — | — | $20.9M | — |
| FY22 | — | -$0.94 | — | — | $6M | — |
| FY21 |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $62K | $1.6M | -$9.4M | $5.5M | $6M | $20.9M | $24.3M | $55.1M |
| YoY change | — | +2.4K% | -694.5% | +158.4% | +10.2% | +246.4% | +16.2% | +127% |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 62K | 1.6M | -9.4M | 5.5M | 6M | 20.9M | 24.3M | 55.1M |
| Cost of revenue | 53K | 2M | 6.4M | 10.5M | 14.8M | 32.5M | 25.4M | 42.2M |
| Gross profit | 9K | -411K | -15.8M | -5M | -8.8M | -11.6M | -1.2M | 12.9M |
| Gross margin | 14.5% | -26.1% | 168.4% | -91.9% | -145.4% | -55.6% | -4.78% | 23.4% |
| Research & development | 48.3M | 59.4M | 57M | 93.3M | 95.1M | 92.7M | 73.8M | 56.5M |
| Selling, general & administrative | 8M | 9.7M | 9.2M | 59.3M | 29.5M | 28.3M | 26.9M | 24.2M |
| Operating expenses | 56.3M | 69M | 66.2M | 152.6M | 124.6M | 121M | 100.8M | 80.6M |
| Operating income | -56.3M | -69.5M | -82M | -157.7M | -133.3M | -132.6M | -101.9M | -67.7M |
| Operating margin | -90.7K% | -4.4K% | 875.5% | -2.9K% | -2.2K% | -635.2% | -420% | -123% |
| Non-operating income, net | — | — | -14.8M | — | — | — | — | — |
| Pretax income | -56.4M | -67.3M | -81.3M | -153.3M | -126.5M | -122.8M | -94.6M | -67.6M |
| Income tax | 32K | 10K | 183K | 284K | 325K | 642K | 167K | 171K |
| Net income | -56.4M | -67.3M | -81.5M | -153.6M | -126.9M | -123.5M | -94.8M | -67.8M |
| Net margin | -91K% | -4.3K% | 870.5% | -2.8K% | -2.1K% | -591.4% | -390.5% | -123.1% |
| EBITDA | -55.6M | -67.8M | -79.3M | -153.7M | -125.9M | -123.4M | -94.1M | -61.9M |
| EPS | -0.43 | -0.52 | -0.76 | -1.54 | -0.94 | -0.84 | -0.57 | -0.34 |
| Diluted EPS | -0.43 | -0.52 | -0.76 | -1.54 | -0.94 | -0.84 | -0.57 | -0.34 |
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 | 3.5M | 14.9M | 7.1M | 6.7M | 4.5M | 6M | 17.4M | 9.7M | 15.3M | 12.7M | 7.1M | 18.1M |
| Cost of revenue | 5.7M | 17.2M | 8.4M | 6.9M | 4.7M | 5.5M | 10.4M | 8.2M | 13M | 10.6M | 8.7M | 17.4M |
| Gross profit | -2.2M | -2.3M | -1.3M | -237K | -166K | 539K | 7M | 1.6M | 2.3M | 2.1M | -1.6M | 697K |
| Gross margin | -64.3% | -15.3% | -18.4% | -3.56% | -3.67% | 8.94% | 40.1% | 16% | 15% | 16.3% | -22.2% | 3.85% |
| Research & development | 20.7M | 22.1M | 23.8M | 16.8M | 19.7M | 13.5M | 14.8M | 13.2M | 12.4M | 16.1M | 16.8M | 11.7M |
| Selling, general & administrative | 7.1M | 7.4M | 7.8M | 6.5M | 6.3M | 6.3M | 6.2M | 5.4M | 5.7M | 6.9M | 8.1M | 7.4M |
| Operating expenses | 27.8M | 29.5M | 31.7M | 23.3M | 26M | 19.8M | 21M | 18.5M | 18.1M | 23M | 24.9M | 19.1M |
| Operating income | -30M | -31.8M | -33M | -23.5M | -26.2M | -19.2M | -14M | -17M | -15.8M | -20.9M | -26.5M | -18.4M |
| Operating margin | -862.2% | -213.2% | -467.4% | -352.7% | -579.2% | -319.4% | -80.6% | -174.2% | -103.4% | -165.1% | -371.1% | -101.9% |
| Non-operating income, net | — | — | — | — | — | — | — | — | — | — | — | — |
| Pretax income | -27M | -30.3M | -30.1M | -21.1M | -24.8M | -18.6M | -12.6M | -18.4M | -15.4M | -21.2M | -26.2M | -18.5M |
| Income tax | 52K | 122K | 53K | 24K | 52K | 38K | 34K | 51K | 34K | 52K | 35K | 37K |
| Net income | -27M | -30.5M | -30.1M | -21.2M | -24.9M | -18.6M | -12.6M | -18.5M | -15.4M | -21.3M | -26.2M | -18.5M |
| Net margin | -776% | -204.1% | -427.1% | -317.6% | -549.9% | -308.5% | -72.7% | -189.6% | -100.9% | -167.7% | -367.3% | -102.4% |
| EBITDA | -27.7M | -27.9M | -30.5M | -22M | -24M | -17.7M | -12.6M | -15.6M | -14.4M | -19.1M | -25.1M | -17.2M |
| EPS | -0.18 | -0.18 | -0.18 | -0.13 | -0.15 | -0.11 | -0.07 | -0.09 | -0.08 | -0.1 | -0.12 | -0.08 |
| Diluted EPS | -0.18 | -0.18 | -0.18 | -0.13 | -0.15 | -0.11 | -0.07 | -0.09 | -0.08 | -0.1 | -0.12 | -0.08 |
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 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Market cap | — | — | 1.9B | — | — | 373.1M | — | — | 112.7M |
| Enterprise value | — | — | 1.8B | — | — | 260.3M | — | — | 73.7M |
| Shares outstanding | 129.8M | 129.8M | 129.8M | 102.9M | 135.2M | 147.5M | 167.2M | 199.9M | 199.9M |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | — | -1.1 |
| P/S | — | — | -198.1 | — | — | 17.9 | — | — | 2.16 |
| P/B | — | — | -8.29 | — | — | 2.43 | — | — | 1.77 |
| EV/EBITDA | — | — | -22.8 | — | — | -2.11 | — | — | -0.96 |
| EV/Sales | — | — | -193 | — | — | 12.5 | — | — | 1.39 |
| Earnings yield | — | — | — | — | — | — | — | — | -91.1% |
| FCF yield | — | — | -3.61% | — | — | -26.7% | — | — | -20.7% |
| PEG | — | — | — | — | — | — | — | — | 0.1 |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Gross margin | 14.5% | -26.1% | 168.4% | -91.9% | -145.4% | -55.6% | -4.78% | 23.4% | 3.85% |
| Operating margin | -90.7K% | -4.4K% | 875.5% | -2.9K% | -2.2K% | -635.2% | -420% | -123% | -101.9% |
| Net margin | -91K% | -4.3K% | 870.5% | -2.8K% | -2.1K% | -591.4% | -390.5% | -123.1% | -153.1% |
| ROE | — | 46.2% | 36.4% | -51.4% | -66.1% | -80.5% | -120.1% | -87.2% | -114.8% |
| ROA | — | -54.3% | -112.3% | -46.9% | -49.7% | -56.3% | -71.8% | -49% | -37.7% |
| ROIC | — | 27.7% | 30.2% | -476.7% | -278.7% | -328% | -251.2% | -165.8% | -227.4% |
| Return on tangible assets | — | -54.3% | -112.3% | -46.9% | -49.7% | -56.3% | -71.8% | -49% | -68% |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Current ratio | — | 7.61 | 3.25 | 12.7 | 5.78 | 4.31 | 2.98 | 2.87 | 1.73 |
| Quick ratio | — | 7.51 | 3.13 | 12.5 | 5.65 | 4.26 | 2.91 | 2.76 | 1.6 |
| Debt / equity | — | -0.02 | -0.01 | 0 | 0.18 | 0.21 | 0.37 | 0.45 | 0.73 |
| Debt / assets | — | 0.02 | 0.03 | 0 | 0.13 | 0.15 | 0.22 | 0.25 | 0.3 |
| Net debt / EBITDA | — | 1.55 | 0.6 | 1.73 | 1.15 | 0.91 | 0.41 | 0.6 | 0.17 |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0.01 | -0.07 | 0.05 | 0.04 | 0.14 | 0.15 | 0.28 | 0.25 |
| EPS (basic) | -0.43 | -0.52 | -0.76 | -1.54 | -0.94 | -0.84 | -0.57 | -0.34 | -0.34 |
| EPS (diluted) | -0.43 | -0.52 | -0.76 | -1.54 | -0.94 | -0.84 | -0.57 | -0.34 | -0.38 |
| Book value per share | — | -1.12 | -1.72 | 2.9 | 1.42 | 1.04 | 0.47 | 0.39 | 0.22 |
| FCF per share | -0.36 | -0.58 | -0.52 | -0.84 | -0.86 | -0.68 | -0.49 | -0.26 | -0.25 |
| Cash per share | — | 0.83 | 0.38 | 2.58 | 1.32 | 0.99 | 0.41 | 0.36 | 0.22 |
| Capex per share | 0.05 | 0.05 | 0.04 | 0.04 | 0.17 | 0.04 | 0.03 | — | — |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Capex / revenue | 11K% | 371.4% | -54.2% | 69.2% | 373.6% | 31.5% | 17.9% | — | — |
| Capex / operating cash flow | -15.2% | -9.02% | -8.48% | -4.48% | -24% | -7.12% | -5.81% | — | — |
| Payout ratio | — | — | — | — | — | — | — | — | 0% |
| — |
| -$1.54 |
| — |
| — |
| $5.5M |
| — |
| FY20 | — | -$0.76 | — | — | -$9.4M | — |
| FY19 | — | -$0.52 | — | — | $1.6M | — |
| FY18 | — | -$0.43 | — | — | $62K | — |
| 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 | $3.5M | $14.9M | $7.1M | $6.7M | $4.5M | $6M | $17.4M | $9.7M | $15.3M | $12.7M | $7.1M | $18.1M |
| YoY change | +296.7% | +845.9% | +598.7% | +354.6% | +29.8% | -59.6% | +146.4% | +46.3% | +238% | +110.3% | -59% | +85.5% |
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 | 107.5M | 50M | 265.7M | 178.1M | 145.4M | 67.9M | 72.1M |
| Receivables | 1M | 2.5M | 513K | 1.8M | 7.4M | 6M | 10M |
| Inventory | 1.3M | 2.2M | 4.3M | 4.2M | 1.9M | 1.9M | 3.3M |
| Total current assets | 111.8M | 57.9M | 274.4M | 187.6M | 160.5M | 82.6M | 90.2M |
| Property, plant & equipment | 11.3M | 13.2M | 14.5M | 57.4M | 51.3M | 46.6M | 44.9M |
| Goodwill & intangibles | — | — | — | — | — | — | — |
| Total assets | 123.9M | 72.6M | 327.2M | 255.4M | 219.2M | 132M | 138.5M |
| Accounts payable | 7.1M | 7.8M | 5.8M | 8.4M | 8M | 8.8M | 8.6M |
| Short-term debt | 246K | 275K | — | 3.7M | 4M | 4.3M | 5.9M |
| Total current liabilities | 14.7M | 17.8M | 21.7M | 32.4M | 37.2M | 27.8M | 31.4M |
| Long-term debt | 2.3M | 2.2M | 0 | 30.2M | 28.5M | 25.3M | 29.3M |
| Total liabilities | 269.6M | 296.3M | 28.4M | 63.4M | 65.9M | 53.1M | 60.7M |
| Shareholders' equity | -145.7M | -223.7M | 298.8M | 192M | 153.3M | 78.9M | 77.7M |
| Total debt | 2.6M | 2.5M | 0 | 33.9M | 32.5M | 29.6M | 35.3M |
| Net debt | -70.2M | -47.5M | -23.6M | -21.8M | 6.2M | 4.2M | 26.6M |
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 | — | — | — | — | — | — | 85.4M | 79.4M | 74.4M | 72.1M | 60.1M | 48.4M |
| Receivables | — | — | — | — | — | — | 17.7M | 11.6M | 19.8M | 10M | 5.3M | 13.8M |
| Inventory | — | — | — | — | — | — | 1.7M | 3.2M | 3M | 3.3M | 3.9M | 5.4M |
| Total current assets | — | — | — | — | — | — | 108.6M | 100.9M | 102.2M | 90.2M | 75M | 72.4M |
| Property, plant & equipment | — | — | — | — | — | — | 45.8M | 47.2M | 45.7M | 44.9M | 43.9M | 43.4M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | — | — | — | — | — | — | 157.1M | 151.1M | 151.1M | 138.5M | 122.2M | 119.7M |
| Accounts payable | — | — | — | — | — | — | 5M | 3.3M | 9.2M | 8.6M | 10.1M | 14.8M |
| Short-term debt | — | — | — | — | — | — | 4.3M | 5.6M | 5.7M | 5.9M | 6M | 6.4M |
| Total current liabilities | — | — | — | — | — | — | 25.3M | 28.3M | 32.1M | 31.4M | 34M | 41.8M |
| Long-term debt | — | — | — | — | — | — | 24M | 29.6M | 29.3M | 29.3M | 28.5M | 29.2M |
| Total liabilities | — | — | — | — | — | — | 49.4M | 58M | 61.4M | 60.7M | 62.5M | 71M |
| Shareholders' equity | — | — | — | — | — | — | 107.8M | 93.1M | 89.7M | 77.7M | 59.7M | 48.7M |
| Total debt | — | — | — | — | — | — | 28.3M | 35.3M | 35M | 35.3M | 34.5M | 35.6M |
| Net debt | — | — | — | — | — | — | 14.9M | 21.7M | 27.1M | 26.6M | 30.1M | 9.9M |
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 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Net income | -56.4M | -67.3M | -81.5M | -153.6M | -126.9M | -123.5M | -94.8M | -67.8M |
| Depreciation & amortization | 660K | 1.7M | 2.7M | 4M | 7.5M | 9.2M | 7.8M | 5.9M |
| Stock-based compensation | 1.4M | 2.2M | 18M | 64.7M | 19.4M | 22.3M | 19.7M | 16M |
| Change in working capital | 9.2M | -705K | 1.6M | 952K | 6.3M | -505K | -7.3M | -1.2M |
| Operating cash flow | -45.2M | -64.9M | -59.8M | -84.5M | -93.6M | -92.4M | -74.6M | -47.9M |
| Capital expenditure | -6.8M | -5.8M | -5.1M | -3.8M | -22.5M | -6.6M | -4.3M | — |
| Investing cash flow | 40.2M | -40.6M | 29.6M | -281.6M | 125.4M | 1.1M | 75.5M | -20.1M |
| Dividends paid | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — |
| Financing cash flow | 584K | 163M | 8.7M | 336.2M | 0 | 61.4M | 0 | 50.6M |
| Net change in cash | -4.4M | 57.6M | -21.6M | -29.9M | 31.7M | -30M | 844K | -17.4M |
| Free cash flow | -46.2M | -75.1M | -67.1M | -86.3M | -116M | -99.6M | -81.4M | -52.2M |
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 | -27M | -30.5M | -30.1M | -21.2M | -24.9M | -18.6M | -12.6M | -18.5M | -15.4M | -21.3M | -26.2M | -18.5M |
| Depreciation & amortization | 2.3M | 3.9M | 2.5M | 1.5M | 2.2M | 1.6M | 1.4M | 1.3M | 1.4M | 1.8M | 1.3M | 1.3M |
| Stock-based compensation | 5.4M | 6.5M | 6.5M | 4.6M | 4.7M | 3.8M | 4.8M | 3.2M | 3.9M | 4.1M | 3.7M | 4M |
| Change in working capital | -5.5M | 5M | -994K | -6.7M | 3.1M | -2.2M | -14.7M | 11.2M | -3.3M | 5.6M | 7.3M | -1.7M |
| Operating cash flow | -24.8M | -15M | -22.1M | -21.7M | -14.9M | -15.4M | -21.2M | -6.3M | -13.7M | -9.1M | -14.5M | -14.4M |
| Capital expenditure | -962K | -481K | -1.1M | -880K | -1.2M | -1.1M | -1.9M | — | — | — | — | — |
| Investing cash flow | -38.8M | 10.2M | 9.7M | 30.6M | 20.1M | 15.1M | -30.9M | 6.5M | -483K | 2.9M | 7.4M | 32.7M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | -307K | — | — | — | — |
| Financing cash flow | 61.9M | -534K | — | — | 0 | 0 | 37.6M | -614K | 8.4M | 4.9M | 4.2M | 3.8M |
| Net change in cash | -1.6M | -5.4M | -12.4M | 8.8M | 5.2M | -283K | -14.5M | -431K | -5.8M | -1.3M | -2.9M | 22.1M |
| Free cash flow | -28.6M | -14.5M | -23M | -21.6M | -17.7M | -19M | -20.7M | -7.3M | -14M | -10.2M | -15.8M | -15.2M |