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 % |
|---|---|---|---|---|---|---|
| Q3 25 | -$1.13 | -$0.94 | +16.8% | — | $18.7M | — |
| Q2 25 | -$1.18 | -$1.49 | -26.3% | — | $15.6M | — |
| Q1 25 | -$1.63 | -$1.5 | +8.0% | — | $18.9M | — |
| Q4 24 | -$1.96 | -$1.42 | +27.6% | — | $22.5M | — |
| Q3 24 | -$2.35 | -$2.4 | -2.1% | — | $15.5M | — |
| Q2 24 | -$2.6 | -$2.7 | -3.8% | — | $16.5M | — |
| Q1 24 | -$2.84 | -$2.85 | -0.4% | — | $21M | — |
| Q4 23 | -$2.82 | -$3 | -6.4% | — | $22.1M | — |
| Q3 23 | -$2.92 | -$3.15 | -7.9% | — | $17M | — |
| Q2 23 | -$3.44 | -$3.15 | +8.4% | — | $16.2M | — |
| Q1 23 | -$3.11 | -$3.6 | -15.8% | — | $14.5M | — |
| Q4 22 | -$4.64 | -$6 | -29.3% | — | $11.1M | — |
| Q3 22 | -$3.02 | -$2.7 | +10.6% | — | $12.8M | — |
| Q2 22 | -$2.46 | -$2.7 | -9.8% | — | $9.9M | — |
| Q1 22 | -$1.93 | -$2.4 | -24.4% | — | $6.9M | — |
| Q4 21 | -$1.67 | -$1.8 | -7.8% | — | $12.3M | — |
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 % |
|---|---|---|---|---|---|---|
| FY24 | — | -$8.7 | — | — | $75.4M | — |
| FY23 | — | -$1.47 | — | — | $69.8M | — |
| FY22 | — | -$1.25 | — | — | $40.7M | — |
| FY21 | — | -$0.69 | — | — | $31.9M | — |
| FY20 | — | -$2.54 | — | — |
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 |
|---|---|---|---|---|---|---|
| Revenue | $12.6M | $14M | $31.9M | $40.7M | $69.8M | $75.4M |
| YoY change | — | +10.7% | +129% | +27.4% | +71.5% | +8.05% |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | Q4 22 | Q1 23 | Q2 23 | 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 |
|---|---|---|---|---|---|---|
| Revenue | 12.6M | 14M | 31.9M | 40.7M | 69.8M | 75.4M |
| Cost of revenue | 16.7M | 25M | 46.1M | 101M | 142.5M | 101.1M |
| Gross profit | -4.1M | -11M | -14.1M | -60.3M | -72.7M | -25.7M |
| Gross margin | -32.2% | -78.9% | -44.3% | -148.1% | -104.2% | -34.1% |
| Research & development | 37M | 38.7M | 88.9M | 185.3M | 262.2M | 231.7M |
| Selling, general & administrative | 21.6M | 37.2M | 111.5M | 196.8M | 212.9M | 161.3M |
| Operating expenses | 58.6M | 75.9M | 200.4M | 382.1M | 475.1M | 392.9M |
| Operating income | -62.6M | -86.9M | -214.6M | -442.4M | -547.8M | -418.6M |
| Operating margin | -496.9% | -622.7% | -671.7% | -1.1K% | -785.1% | -555.2% |
| Non-operating income, net | -30.6M | -272.3M | -25.2M | 2.5M | -23.8M | 161.3M |
| Pretax income | -94.7M | -362.3M | -239.2M | -445.3M | -569.6M | -273.9M |
| Income tax | 0 | 0 | -1.3M | 672K | 1.7M | -743K |
| Net income | -94.7M | -362.3M | -238M | -445.9M | -571.3M | -273.1M |
| Net margin | -751.6% | -2.6K% | -745% | -1.1K% | -818.7% | -362.3% |
| EBITDA | -59.6M | -84.4M | -204.1M | -424.9M | -501.1M | -374.4M |
| EPS | -0.31 | -2.54 | -0.69 | -1.25 | -1.47 | -8.7 |
| Diluted EPS | -0.31 | -2.54 | -0.69 | -1.25 | -1.47 | -8.7 |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | Q4 22 | Q1 23 | Q2 23 | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 11.1M | 14.5M | 16.2M | 17M | 22.1M | 21M | 16.5M | 15.5M | 22.5M | 18.9M | 15.6M | 18.7M |
| Cost of revenue | 27.7M | 29.1M | 34.5M | 35.1M | 43.7M | 31.4M | 30.1M | 29.5M | 10M | 27M | 28.1M | 26.8M |
| Gross profit | -16.6M | -14.6M | -18.3M | -18.2M | -21.6M | -10.5M | -13.7M | -14M | 12.5M | -8.1M | -12.4M | -8.1M |
| Gross margin | -149.2% | -100.8% | -113.2% | -107.1% | -97.5% | -49.9% | -83.2% | -90.6% | 55.5% | -42.9% | -79.5% | -43.1% |
| Research & development | 64.9M | 69.1M | 67.5M | 62.9M | 62.7M | 67.8M | 65.8M | 50.6M | 47.5M | 38.3M | 39.3M | 35.3M |
| Selling, general & administrative | 59.2M | 58.2M | 58.1M | 47.8M | 48.8M | 47.6M | 41.9M | 41.3M | 30.5M | 25.8M | -13.5M | 18.4M |
| Operating expenses | 124.1M | 127.3M | 125.6M | 110.8M | 111.5M | 115.3M | 107.8M | 91.9M | 77.9M | 64.1M | 25.9M | 53.6M |
| Operating income | -140.7M | -141.9M | -143.9M | -128.9M | -133.1M | -125.8M | -121.5M | -105.9M | -65.5M | -72.2M | -38.3M | -63.9M |
| Operating margin | -1.3K% | -978% | -888.4% | -760.2% | -601.9% | -599.8% | -738.3% | -683.7% | -291.1% | -382.3% | -245% | -340.9% |
| Non-operating income, net | -3.4M | -5.1M | 1.8M | -3.6M | -16.9M | -31K | -9.5M | 140M | 30.9M | 2.2M | 26.5M | -10.6M |
| Pretax income | -144.7M | -146.8M | -141.7M | -134M | -147M | -125.1M | -131.2M | 27.6M | -45.1M | -80.5M | -22.7M | -85.9M |
| Income tax | 106K | 0 | 9K | 296K | 1.4M | 587K | -566K | 158K | -923K | 147K | 150K | -25K |
| Net income | -144.8M | -146.8M | -141.8M | -134.3M | -148.4M | -125.7M | -130.6M | 27.4M | -44.2M | -80.7M | -22.9M | -85.8M |
| Net margin | -1.3K% | -1K% | -875.2% | -792.1% | -671.1% | -599.6% | -793.9% | 176.9% | -196.7% | -427.3% | -146.5% | -457.9% |
| EBITDA | -135.4M | -135.4M | -136M | -113.9M | -107.5M | -112.3M | -110.3M | -95.6M | -56.3M | -64.1M | -31.1M | -57.3M |
| EPS | -0.4 | -0.4 | -0.37 | -0.34 | -0.36 | -4.5 | -4.35 | 0.9 | -1.26 | -1.92 | -0.62 | -1.29 |
| Diluted EPS | -0.4 | -0.4 | -0.37 | -0.34 | -0.36 | -4.5 | -4.35 | -3.6 | -1.26 | -1.92 | -0.62 | -1.29 |
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 | Current |
|---|---|---|---|---|---|---|---|
| Market cap | — | — | — | — | — | — | 3.4B |
| Enterprise value | — | — | — | — | — | — | 3.8B |
| Shares outstanding | 323.9M | 145.1M | 346.3M | 356.3M | 389.4M | 31.4M | 31.4M |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | Current |
|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | 53.7 |
| P/S | — | — | — | — | — | — | 44.6 |
| P/B | — | — | — | — | — | — | -9.92 |
| EV/EBITDA | — | — | — | — | — | — | -10.2 |
| EV/Sales | — | — | — | — | — | — | 50.6 |
| Earnings yield | — | — | — | — | — | — | 1.86% |
| FCF yield | — | — | — | — | — | — | -8.12% |
| PEG | — | — | — | — | — | — | -0.22 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | Current |
|---|---|---|---|---|---|---|---|
| Gross margin | -32.2% | -78.9% | -44.3% | -148.1% | -104.2% | -34.1% | -43.1% |
| Operating margin | -496.9% | -622.7% | -671.7% | -1.1K% | -785.1% | -555.2% | -327.4% |
| Net margin | -751.6% | -2.6K% | -745% | -1.1K% | -818.7% | -362.3% | -34.1% |
| ROE | 44.7% | -243.6% | -120.2% | 1.7K% | 254.2% | 123.7% | 123.7% |
| ROA | -182.6% | -71% | -26.9% | -64.9% | -111.5% | -74.8% | -74.8% |
| ROIC | 26.6% | 25.9% | -847.1% | -369.1% | -375% | -319.1% | -324% |
| Return on tangible assets | -187.7% | -71.2% | -27.3% | -73.6% | -126.5% | -83.8% | -131.2% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | Current |
|---|---|---|---|---|---|---|---|
| Current ratio | 2.81 | 30.2 | 21.7 | 7.15 | 4.18 | 4.05 | 1.95 |
| Quick ratio | 2.54 | 30 | 21.4 | 7.04 | 4.04 | 3.8 | 1.69 |
| Debt / equity | -0.05 | 0.01 | 3.13 | -24.1 | -2.94 | -2.42 | -0.01 |
| Debt / assets | 0.19 | 0 | 0.7 | 0.92 | 1.29 | 1.46 | 2.21 |
| Net debt / EBITDA | 0.4 | 5.75 | 0.85 | -0.34 | -0.74 | -0.94 | -1.8 |
| Interest coverage | -41.3 | -113.6 | -117 | -39.1 | -50.6 | -9.13 | -3.73 |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | Current |
|---|---|---|---|---|---|---|---|
| Revenue per share | 0.04 | 0.1 | 0.09 | 0.11 | 0.18 | 2.4 | 2.4 |
| EPS (basic) | -0.31 | -2.54 | -0.69 | -1.25 | -1.47 | -8.7 | -8.7 |
| EPS (diluted) | -0.31 | -2.54 | -0.69 | -1.25 | -1.47 | -8.7 | -8.7 |
| Book value per share | -0.65 | 1.03 | 0.57 | -0.07 | -0.58 | -7.03 | -4.35 |
| FCF per share | -0.19 | -0.54 | -0.45 | -0.64 | -0.69 | -8.97 | -3.02 |
| Cash per share | 0.1 | 3.35 | 2.29 | 1.37 | 0.74 | 5.82 | 0.48 |
| Capex per share | 0 | 0.02 | 0.02 | 0.05 | 0.06 | 0.16 | 0.02 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | Current |
|---|---|---|---|---|---|---|---|
| Capex / revenue | 8.88% | 15.7% | 20% | 44.4% | 31.4% | 6.57% | 1.91% |
| Capex / operating cash flow | -1.22% | -0.61% | -3.94% | -7.78% | -7.09% | -4.48% | -0.92% |
| $14M |
| — |
| FY19 | — | -$0.31 | — | — | $12.6M | — |
| Q1 24 |
|---|
| Q2 24 |
|---|
| Q3 24 |
|---|
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Revenue | $11.1M | $14.5M | $16.2M | $17M | $22.1M | $21M | $16.5M | $15.5M | $22.5M | $18.9M | $15.6M | $18.7M |
| YoY change | -9.87% | +111.7% | +63.1% | +32.6% | +98.8% | +44.5% | +1.57% | -8.64% | +1.67% | -9.93% | -4.97% | +21% |
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 |
|---|---|---|---|---|---|---|
| Cash & short-term investments | 33.7M | 485.7M | 792.1M | 488.9M | 289.8M | 182.7M |
| Receivables | 1.7M | 6M | 13M | 11.2M | 14.1M | 14.3M |
| Inventory | 4M | 3.6M | 10.3M | 8.8M | 12.2M | 14.9M |
| Total current assets | 41.5M | 500.8M | 845.4M | 554.6M | 350.6M | 245.2M |
| Property, plant & equipment | 7.9M | 7.7M | 20.2M | 51.5M | 109M | 83.8M |
| Goodwill & intangibles | 1.4M | 1.4M | 11.1M | 81.8M | 60.8M | 39.1M |
| Total assets | 51.9M | 510.4M | 883.5M | 687.3M | 512.4M | 365.2M |
| Accounts payable | 3.5M | 6M | 14.4M | 18.6M | 21.1M | 19M |
| Short-term debt | 7.8M | 99K | 4.7M | 6M | 10.2M | 10M |
| Total current liabilities | 14.8M | 16.6M | 39M | 77.5M | 83.9M | 60.6M |
| Long-term debt | 1.9M | 794K | 614.7M | 629.2M | 650.5M | 524.6M |
| Total liabilities | 263.6M | 361.6M | 685.6M | 713.7M | 737.1M | 586M |
| Shareholders' equity | -211.7M | 148.7M | 198M | -26.4M | -224.7M | -220.8M |
| Total debt | 9.6M | 893K | 619.5M | 635.1M | 660.7M | 534.6M |
| Net debt | -17.4M | -208.1M | 289.5M | 565.6M | 521.6M | 451.8M |
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 | Q4 22 | Q1 23 | Q2 23 | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 488.9M | 422.3M | 365.8M | — | — | — | — | — | 182.7M | 138.2M | 107.6M | 74M |
| Receivables | 11.2M | 21.1M | 16.8M | — | — | — | — | — | 14.3M | 28.5M | 18.5M | 14.3M |
| Inventory | 8.8M | 14.9M | 20.3M | — | — | — | — | — | 14.9M | 13.9M | 18M | 16.1M |
| Total current assets | 554.6M | 494.4M | 435.2M | — | — | — | — | — | 245.2M | 206M | 167.3M | 122.2M |
| Property, plant & equipment | 51.5M | 99.4M | 100.2M | 1M | 1M | 1M | 1M | 1M | 83.8M | 79.1M | 66.8M | 54.9M |
| Goodwill & intangibles | 81.8M | 98.3M | 96.1M | — | — | — | — | — | 39.1M | 37M | 35M | 25.5M |
| Total assets | 687.3M | 658.4M | 599.8M | — | — | — | — | — | 365.2M | 319.4M | 265.5M | 203.5M |
| Accounts payable | 18.6M | 29.9M | 21.9M | — | — | — | — | — | 19M | 27.7M | 29.7M | 21.4M |
| Short-term debt | 6M | 5.9M | 6.1M | — | — | — | — | — | 10M | 10M | 7.6M | 7.4M |
| Total current liabilities | 77.5M | 100.5M | 94M | — | — | — | — | — | 60.6M | 72.7M | 69.2M | 62.7M |
| Long-term debt | 629.2M | 630.1M | 630.5M | — | — | — | — | — | 524.6M | 508.3M | 444.1M | 442.2M |
| Total liabilities | 713.7M | 740.6M | 728.9M | — | — | — | — | — | 586M | 581.1M | 513.5M | 505.1M |
| Shareholders' equity | -26.4M | -82.3M | -129.1M | — | — | — | — | — | -220.8M | -261.7M | -248M | -301.6M |
| Total debt | 635.1M | 636M | 636.6M | — | — | — | — | — | 534.6M | 518.3M | 451.7M | 449.6M |
| Net debt | 565.6M | 546M | 547.5M | — | — | — | — | — | 451.8M | 459M | 403.5M | 395.1M |
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 |
|---|---|---|---|---|---|---|
| Net income | -94.7M | -362.3M | -238M | -445.9M | -571.3M | -273.1M |
| Depreciation & amortization | 2.3M | 2.5M | 7.9M | 11.8M | 33.6M | 33.8M |
| Stock-based compensation | 2.7M | 8.7M | 77.7M | 162.4M | 207.1M | 139.1M |
| Change in working capital | -2.2M | -5.8M | -19.2M | -5.4M | -32.4M | -27.8M |
| Operating cash flow | -91.9M | -356.9M | -161.7M | -232.2M | -308.9M | -110.6M |
| Capital expenditure | -1.1M | -2.2M | -6.4M | -18.1M | -21.9M | -5M |
| Investing cash flow | -7.8M | -271.8M | -194.2M | 28M | 236.6M | 42.5M |
| Dividends paid | — | — | — | — | — | — |
| Share repurchases | -13K | -10K | -231.6M | -80.9M | 0 | 0 |
| Financing cash flow | 85.5M | 529.9M | 303.8M | -80.9M | 76.6M | 178.6M |
| Net change in cash | -14.3M | -98.8M | -52.1M | -285.1M | 4.3M | 110.5M |
| Free cash flow | -61.7M | -77.8M | -154.9M | -226.3M | -269.2M | -281.7M |
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 22 | Q1 23 | Q2 23 | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -144.8M | -146.8M | -141.8M | -134.3M | -148.4M | -125.7M | -130.6M | 27.4M | -44.2M | -80.7M | -22.9M | -85.8M |
| Depreciation & amortization | 3.9M | 4.6M | 6.2M | 13.7M | 9M | 10.1M | 8.6M | 7.9M | 7.1M | 6.3M | 5.9M | 5.7M |
| Stock-based compensation | 44.5M | 56M | 59.2M | 44.9M | 47.1M | 44.5M | 38.6M | 32.8M | 23.3M | 19.4M | -20.7M | 10.5M |
| Change in working capital | -8.6M | -15.9M | -24.8M | -887K | 9.2M | -28.9M | -1.6M | 2.5M | 195K | -9.3M | 9.9M | -4.3M |
| Operating cash flow | -95M | -95.6M | -84.9M | -65.4M | -62.9M | -97M | -79.8M | 76M | -9.2M | -59.7M | -22.8M | -64.9M |
| Capital expenditure | -4.8M | -11.7M | -5.2M | -4.3M | -786K | -1.3M | -302K | -2.7M | -711K | 138K | -59K | -540K |
| Investing cash flow | 87.1M | 62.6M | 53.8M | 23.1M | 97.1M | 34.4M | 1.1M | 22.6M | -15.6M | 20.4M | 21M | 42.4M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | 0 | 0 | 0 | 0 | 0 | — | — | — | — | — | — | — |
| Financing cash flow | 0 | 22.1M | 16.9M | 19.1M | 11.5M | 17.2M | 18.7M | 5.9M | 47.6M | 394K | 52.5M | 14.7M |
| Net change in cash | -7.9M | -10.9M | -14.2M | -23.2M | 45.7M | -45.4M | -60M | 104.5M | 22.8M | -38.9M | 50.6M | -7.8M |
| Free cash flow | -79.5M | -76.4M | -78.5M | -60.8M | -53.6M | -82.5M | -78M | -58.4M | -62.8M | -44.3M | -53.8M | -48.5M |