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 22 | — | -$0.75 | — | — | — | — |
| Q1 22 | — | $0.09 | — | — | — | — |
| Q4 21 | -$0.17 | -$0.16 | +5.9% | — | — | — |
| Q3 21 | — | -$0.65 | — | — | — | — |
| Q2 21 | — | -$0.36 | — | — | — | — |
| Q1 21 | $0.05 | -$0.18 | -460.0% | — | — | — |
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 | — | -$0.55 | — | — | $2.8M | — |
| FY24 | — | -$0.61 | — | — | $12.6M | — |
| FY23 | — | -$0.09 | — | — | $51.9M | — |
| FY22 | — | -$0.73 | — | — | $49.6M |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $56.2M | $32.6M | $79.9M | $68.6M | $56.2M | $12.1M | $49.6M | $51.9M | $12.6M | $2.8M |
| YoY change | +213.6% | -41.9% | +144.8% | -14.1% | -18.2% | -78.4% | +309.4% | +4.68% | -75.7% | -77.9% |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 56.2M | 32.6M | 79.9M | 68.6M | 56.2M | 12.1M | 49.6M | 51.9M | 12.6M | 2.8M |
| Cost of revenue | 0 | 42.7M | 337K | 45.2M | 3M | — | — | — | — | — |
| Gross profit | 56.2M | -10.1M | 79.6M | 23.8M | 53.8M | — | — | — | — | — |
| Gross margin | 100% | -31% | 99.6% | 34.7% | 95.8% | — | — | — | — | — |
| Research & development | 48.6M | 3.2M | 69.6M | 62.9M | 49.7M | 47M | 51.7M | 56M | 52M | 43.6M |
| Selling, general & administrative | 9.3M | 33.7M | 18.2M | 14.8M | 12.7M | 16M | 14.5M | 11.7M | 11.9M | 11M |
| Operating expenses | 48.4M | 25.5M | 73.7M | 67M | 55.1M | 59.9M | 66M | 64.6M | 64.2M | 56.2M |
| Operating income | 7.6M | -40M | 5.1M | 1.6M | 1.1M | -47.8M | -16.4M | -12.7M | -51.6M | -53.4M |
| Operating margin | 13.5% | -122.5% | 6.44% | 2.29% | 1.92% | -394.9% | -33.1% | -24.4% | -408.7% | -1.9K% |
| Non-operating income, net | 4.7M | -9.1M | -3.7M | 4.9M | -2.1M | 2.3M | -41.8M | 2.6M | 232K | 3.4M |
| Pretax income | 12.9M | -48M | 2.7M | 7.9M | -829K | -45.5M | -58M | -7.6M | -49.5M | -49.2M |
| Income tax | 301K | 368K | -333K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income | 12.6M | -48.4M | 3M | -20.8M | -64M | -52.8M | -58.1M | -7.6M | -49.5M | -49.2M |
| Net margin | 22.5% | -148.3% | 3.82% | -30.3% | -113.9% | -436.1% | -117.2% | -14.6% | -392% | -1.8K% |
| EBITDA | 11.6M | -34.4M | 13.9M | 19.7M | 58.4M | -42.9M | 29.5M | -8.1M | -47.1M | -47M |
| EPS | 0.23 | -0.89 | 0.05 | -0.31 | -0.81 | -0.66 | -0.73 | -0.09 | -0.61 | -0.55 |
| Diluted EPS | 0.23 | -0.89 | 0.05 | -0.31 | -0.81 | -0.66 | -0.73 | -0.09 | -0.61 | -0.55 |
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 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 197.7M | 116.1M | 167.5M | 218.9M | 151.6M | 119.8M | 101.5M | 92.5M | 80.8M | 34.3M |
| Receivables | 14.2M | 0 | 2.5M | 18.7M | 10.6M | 846K | 3.1M | 15.2M | 650K | 391K |
| Inventory | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 230.1M | 137.5M | 319.6M | 237.6M | 173.5M | 138.3M | 139.8M | 148M | 85.7M | 46.7M |
| Property, plant & equipment | 14.3M | 17.3M | 16.3M | 17.6M | 11.7M | 10.2M | 8.5M | 8M | 6.4M | 4.4M |
| Goodwill & intangibles | 18.1M | 92.4M | 169.1M | 193.9M | 92.6M | 88.4M | 3.1M | 832K | 0 | 0 |
| Total assets | 281.6M | 255M | 451.2M | 401.4M | 307.4M | 267.5M | 199.3M | 175.2M | 111.1M | 62.7M |
| Accounts payable | 15.6M | 20M | 28.6M | 27.9M | 20.7M | 14.7M | 13.7M | 8.6M | 7.9M | 7.5M |
| Short-term debt | 1.3M | 1.3M | 1.3M | 2.1M | 2.1M | 30.7M | 2.1M | 8.9M | 8.7M | 8.8M |
| Total current liabilities | 76.4M | 73.9M | 196.7M | 121.8M | 45.5M | 79.9M | 41.3M | 39.6M | 33M | 36.6M |
| Long-term debt | 4.1M | 4.5M | 3.2M | 16.6M | 16.9M | 13.5M | 40.1M | 31M | 22.3M | 13.8M |
| Total liabilities | 195.4M | 169.1M | 284M | 183.9M | 151.4M | 160.1M | 145.1M | 123.3M | 102.2M | 84.4M |
| Shareholders' equity | 86.2M | 86M | 167.2M | 217.4M | 156M | 107.4M | 54.2M | 51.9M | 8.8M | -21.7M |
| Total debt | 5.3M | 5.9M | 4.5M | 18.7M | 19.1M | 44.3M | 42.3M | 39.9M | 31M | 22.6M |
| Net debt | -170.6M | -93.5M | -147.8M | -184.2M | -117.7M | -59.5M | -42M | -30.7M | -35.4M | -5.5M |
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 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market cap | — | — | — | — | 285M | 320.2M | — | 235.5M | 149.1M | — | — |
| Enterprise value | — | — | — | — | 152.5M | 244.7M | — | 182.9M | 99.4M | — | — |
| Shares outstanding | 52M | 52.4M | 56.7M | 64.6M | 69.7M | 70.2M | 79.6M | 84.1M | 81.1M | 89.6M | 89.6M |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| P/S | — | — | — | — | 5.08 | 26.4 | — | 4.54 | 11.8 | — | — |
| P/B | — | — | — | — | 1.83 | 2.98 | — | 4.54 | 16.9 | — | — |
| EV/EBITDA | — | — | — | — | 2.61 | -5.7 | — | -22.6 | -2.11 | — | — |
| EV/Sales | — | — | — | — | 2.72 | 20.2 | — | 3.52 | 7.87 | — | — |
| FCF yield | — | — | — | — | -22.1% | -18.7% | — | -22.5% | -4.89% | — | — |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin | 100% | -31% | 99.6% | 34.7% | 95.8% | — | — | — | — | — | — |
| Operating margin | 13.5% | -122.5% | 6.44% | 2.29% | 1.92% | -394.9% | -33.1% | -24.4% | -408.7% | -1.9K% | -1.9K% |
| Net margin | 22.5% | -148.3% | 3.82% | -30.3% | -113.9% | -436.1% | -117.2% | -14.6% | -392% | -1.8K% | -1.8K% |
| ROE | 14.7% | -56.3% | 1.82% | -9.55% | -41% | -49.2% | -107.3% | -14.6% | -560% | 226.6% | 226.6% |
| ROA | 4.49% | -19% | 0.68% | -5.17% | -20.8% | -19.7% | -29.2% | -4.32% | -44.5% | -78.4% | -78.4% |
| ROIC | -6.96% | 164.6% | 121.6% | 9.11% | 4.61% | -150.1% | 323.1% | 1.9K% | 126% | 159.8% | 159.8% |
| Return on tangible assets | 4.8% | -29.8% | 1.08% | -10% | -29.8% | -29.5% | -29.6% | -4.34% | -44.5% | -78.4% | -78.4% |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 3.01 | 1.86 | 1.62 | 1.95 | 3.81 | 1.73 | 3.38 | 3.73 | 2.6 | 1.27 | 1.27 |
| Quick ratio | 3.01 | 1.86 | 1.62 | 1.95 | 3.81 | 1.73 | 3.38 | 3.73 | 2.6 | 1.27 | 1.27 |
| Debt / equity | 0.06 | 0.07 | 0.03 | 0.09 | 0.12 | 0.41 | 0.78 | 0.77 | 3.51 | -1.04 | -1.04 |
| Debt / assets | 0.02 | 0.02 | 0.01 | 0.05 | 0.06 | 0.17 | 0.21 | 0.23 | 0.28 | 0.36 | 0.36 |
| Net debt / EBITDA | -16.5 | 3.21 | -11.7 | -10.1 | -2.27 | 1.76 | -2.01 | 6.48 | 1.06 | 0.25 | 0.25 |
| Interest coverage | 105.4 | -423.9 | 27.6 | 39.6 | -1.43 | -144.8 | -200.3 | -10.8 | -86.4 | -110.8 | -110.8 |
| Effective tax rate | 2.33% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | 1.08 | 0.62 | 1.41 | 1.06 | 0.81 | 0.17 | 0.62 | 0.62 | 0.16 | 0.03 | 0.03 |
| EPS (basic) | 0.23 | -0.89 | 0.05 | -0.31 | -0.81 | -0.66 | -0.73 | -0.09 | -0.61 | -0.55 | -0.55 |
| EPS (diluted) | 0.23 | -0.89 | 0.05 | -0.31 | -0.81 | -0.66 | -0.73 | -0.09 | -0.61 | -0.55 | -0.55 |
| Book value per share | 1.66 | 1.64 | 2.95 | 3.37 | 2.24 | 1.53 | 0.68 | 0.62 | 0.11 | -0.24 | -0.24 |
| FCF per share | -0.89 | -1.03 | -0.6 | -0.47 | -0.9 | -0.85 | -0.25 | -0.63 | -0.09 | -0.39 | -0.39 |
| Cash per share | 3.8 | 2.21 | 2.95 | 3.39 | 2.18 | 1.71 | 1.27 | 1.1 | 1 | 0.38 | 0.38 |
| Capex per share | 0.03 | 0.06 | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 | — | — | — | — |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Capex / revenue | 2.4% | 8.93% | 1.09% | 1.85% | 1.6% | 7.61% | 1.08% | — | — | — | — |
| Capex / operating cash flow | -1.96% | -3.43% | 1.99% | 3.15% | -1.68% | -1.63% | -2.57% | — | — | — | — |
| Payout ratio | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — | — | — |
| Dividend yield | — | — | — | — | 0% | 0% | — | 0% | — | — | — |
| — |
| FY21 | — | -$0.66 | — | — | $12.1M | — |
| FY20 | — | -$0.81 | — | — | $56.2M | — |
| FY19 | — | -$0.31 | — | — | $68.6M | — |
| FY18 | — | $0.05 | — | — | $79.9M | — |
| FY17 | — | -$0.89 | — | — | $32.6M | — |
| FY16 | — | $0.23 | — | — | $56.2M | — |
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 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income | 12.6M | -48.4M | 3M | -20.8M | -64M | -52.8M | -58.1M | -49.2M | -49.5M | -7.6M |
| Depreciation & amortization | 3.3M | 4.4M | 7.4M | 16.5M | 56.8M | 4.6M | 45.4M | 1.4M | 2M | 5.1M |
| Stock-based compensation | 1M | 9.8M | 2.7M | 3.8M | 2.5M | 2.6M | 4.2M | 2.6M | 3.9M | 4.3M |
| Change in working capital | -85.4M | -49.3M | 30.5M | 40.2M | -49.2M | -9.9M | -12.5M | — | — | — |
| Operating cash flow | -68.9M | -85M | 43.9M | 40.4M | -53.5M | -56.4M | -20.8M | -52.8M | -6.9M | -32.6M |
| Capital expenditure | -1.4M | -2.9M | -873K | -1.3M | -898K | -922K | -535K | — | — | — |
| Investing cash flow | 68.6M | -27.8M | 23.4M | 719K | -4M | -883K | 2.5M | 7M | 9.6M | 22.8M |
| Dividends paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | -478K | 537K | 61.2M | 77.9M | -884K | 26.6M | -2M | -8.9M | -8.9M | -2.4M |
| Net change in cash | -776K | -112.3M | 128.5M | 119M | -58.3M | -30.7M | -20.4M | -54.6M | -6.2M | -12.1M |
| Free cash flow | -46.2M | -54.1M | -34M | -30.5M | -63M | -59.8M | -20.3M | -52.9M | -7.3M | -34.9M |