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 | -$0.76 | $15.8 | +2180.3% | — | $9M | — |
| Q1 26 | -$2.88 | -$1.21 | +58.0% | — | $12M | — |
| Q3 25 | -$12.4 | -$5.75 | +53.7% | — | $9.3M | — |
| Q2 25 | -$15 | -$14.9 | +0.4% | — | $9.1M | — |
| Q1 25 | -$14 | -$14.2 | -1.1% | — | $9.5M | — |
| Q3 24 | -$12.3 | -$15.6 | -26.5% | — | $9.9M | — |
| Q2 24 | -$0.11 | -$0.14 | -27.3% | — | $17.4M | — |
| Q1 24 | -$12 | -$6.33 | +47.3% | — | $10.2M | — |
| Q4 23 | -$11 | -$8.12 | +26.2% | — | $20.5M | — |
| Q3 23 | -$12 | -$6.55 | +45.4% | — | $19.6M | — |
| Q2 23 | -$13 | -$14 | -7.7% | — | $12.9M | — |
| Q1 23 | — | -$0.58 | — | — | $9.6M | — |
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 | — | -$22.3 | — | — | $55.8M | — |
| FY24 | — | -$70 | — | — | $49.6M | — |
| FY23 | — | -$0.79 | — | — | $62.6M | — |
| FY22 | — | -$0.59 | — | — | $37.3M | — |
| FY21 | — | -$0.43 | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Revenue | $18.4M | $25.5M | $37.3M | $62.6M | $49.6M | $55.8M |
| YoY change | — | +38.7% | +46.7% | +67.7% | -20.8% | +12.6% |
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 | Q1 24 | Q2 24 | Q3 24 |
|---|
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Revenue | 18.4M | 25.5M | 37.3M | 62.6M | 49.6M | 55.8M |
| Cost of revenue | 11.6M | 15.2M | 28.3M | 45M | 26M | 30.5M |
| Gross profit | 6.8M | 10.2M | 9.1M | 17.7M | 23.6M | 25.3M |
| Gross margin | 36.8% | 40.2% | 24.3% | 28.2% | 47.6% | 45.3% |
| Research & development | 34.5M | 44.2M | 53.2M | 68.1M | 77M | 53.2M |
| Selling, general & administrative | 9M | 13.2M | 26.8M | 50.4M | 50M | 47M |
| Operating expenses | 43.5M | 57.4M | 80M | 118.6M | 127M | 100.2M |
| Operating income | -39.7M | -51M | -75.6M | -106.4M | -108.9M | -79.2M |
| Operating margin | -216.3% | -200.4% | -202.4% | -169.9% | -219.7% | -141.7% |
| Non-operating income, net | 172K | 2.4M | -2.8M | -29.4M | -17.7M | 29M |
| Pretax income | -39.9M | -48.6M | -78.3M | -131.2M | -123.5M | -49M |
| Income tax | 0 | 0 | 0 | 0 | 0 | — |
| Net income | -37.7M | -46.7M | -76.4M | -134.1M | -137.7M | -49M |
| Net margin | -205.5% | -183.4% | -204.5% | -214.1% | -277.7% | -87.7% |
| EBITDA | -36.5M | -47.9M | -70.9M | -100.9M | -103.3M | -74.9M |
| EPS | -0.35 | -0.43 | -0.59 | -0.79 | -70 | -22.3 |
| Diluted EPS | -0.35 | -0.43 | -0.59 | -0.79 | -70 | -22.3 |
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 | 19.6M | 20.5M | 10.2M | 17.4M | 9.9M | 12M | 9.5M | 9.1M | 9.3M | 28M | 12M | 9M |
| Cost of revenue | 14.4M | 12M | 6.8M | 5.5M | 8.1M | 5.6M | 7.5M | 6.2M | 6.9M | 9.9M | 8.3M | 7.2M |
| Gross profit | 5.2M | 8.5M | 3.5M | 11.9M | 1.8M | 6.5M | 2M | 2.9M | 2.4M | 18.1M | 3.7M | 1.8M |
| Gross margin | 26.7% | 41.4% | 33.9% | 68.4% | 18.1% | 53.7% | 20.8% | 31.4% | 25.5% | 64.7% | 31% | 20% |
| Research & development | 16.6M | 16.3M | 17.1M | 21.5M | 22M | 16.5M | 16.5M | 14.9M | 10.3M | 11.5M | 4M | 2M |
| Selling, general & administrative | 11.8M | 9.3M | 11M | 11.7M | 11.5M | 15.7M | 15.7M | 19.1M | 6.7M | 5.5M | 8.6M | 8.8M |
| Operating expenses | 28.5M | 25.6M | 28.1M | 33.2M | 33.5M | 32.2M | 32.2M | 34M | 17M | 17M | 12.6M | 10.7M |
| Operating income | -24.6M | -18.6M | -26.2M | -22.8M | -33M | -27M | -31.1M | -32.2M | -15.7M | -205K | -9.8M | -9.9M |
| Operating margin | -125.5% | -91.1% | -255.3% | -131.2% | -331.5% | -224.6% | -327.5% | -354.9% | -168.7% | -0.73% | -81.6% | -109.5% |
| Non-operating income, net | -1.5M | 524K | 179K | -3.8M | -19.7M | 5.6M | 17.9M | 2.9M | 18.2M | -152K | -423K | 207M |
| Pretax income | -24.9M | -16.7M | -24.8M | -26.1M | -51.9M | -20.7M | -12.7M | -29.2M | 2.9M | -84K | -10.1M | 197.2M |
| Income tax | 0 | 0 | 0 | — | — | — | 0 | — | — | — | 0 | — |
| Net income | -25.3M | -18.7M | -25.5M | -27.8M | -57.4M | -27M | -19.2M | -32.5M | 2.9M | -84K | -14.7M | 184.3M |
| Net margin | -129.2% | -91.3% | -249% | -160% | -577.6% | -224.4% | -202.8% | -357.8% | 30.8% | -0.3% | -122.1% | 2K% |
| EBITDA | -23.2M | -17.2M | -24.6M | -21.3M | -31.7M | -25.7M | -30.3M | -31.2M | -14.6M | 1.2M | -8.9M | -217M |
| EPS | -0.13 | — | -0.13 | -0.14 | -0.29 | -0.14 | -0.1 | -15 | 1.14 | -0.04 | -1.77 | 15.8 |
| Diluted EPS | -0.13 | — | -0.13 | -0.14 | -0.29 | -0.14 | -0.1 | -15 | 0.99 | -0.04 | -1.77 | 15.8 |
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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Market cap | — | 189.6B | 195.8B | — | — | — | 77.7M |
| Enterprise value | — | 189.6B | 195.8B | — | — | — | 62.8M |
| Shares outstanding | 196.2M | 196.2M | 196.2M | 176M | 2M | 2.2M | 2.2M |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | 0.31 |
| P/S | — | 7.4K | 5.2K | — | — | — | 1.35 |
| P/B | — | 1.4K | -456.8 | — | — | — | 0.3 |
| EV/EBITDA | — | -4K | -2.8K | — | — | — | -2.01 |
| EV/Sales | — | 7.4K | 5.2K | — | — | — | 1.08 |
| Earnings yield | — | — | — | — | — | — | 326.2% |
| FCF yield | — | -0.03% | -0.05% | — | — | — | -48.7% |
| PEG | — | — | — | — | — | — | -0 |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Gross margin | 36.8% | 40.2% | 24.3% | 28.2% | 47.6% | 45.3% | 20% |
| Operating margin | -216.3% | -200.4% | -202.4% | -169.9% | -219.7% | -141.7% | -109.5% |
| Net margin | -205.5% | -183.4% | -204.5% | -214.1% | -277.7% | -87.7% | 295.7% |
| ROE | 12.1% | -33.5% | 17.8% | -117.1% | -1K% | 1.3K% | 138.7% |
| ROA | -31.7% | -30.9% | -43.2% | -55.5% | -78.8% | -48.8% | -10.1% |
| ROIC | 11% | -35.4% | 15% | -778.3% | -276% | — | — |
| Return on tangible assets | -31.7% | -30.9% | -43.2% | -55.5% | -78.8% | -48.8% | 53.4% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Current ratio | 5.04 | 0.91 | 2.21 | 6.22 | 3.26 | 1.43 | 2.48 |
| Quick ratio | 4.91 | -2.95 | 2.14 | 6.02 | 3.07 | 1.32 | 2.48 |
| Debt / equity | -0.03 | 0.04 | -0.02 | 0.17 | 6.09 | -7.06 | 0.11 |
| Debt / assets | 0.09 | 0.04 | 0.04 | 0.08 | 0.47 | 0.27 | 0.09 |
| Net debt / EBITDA | 1.37 | -0.1 | 1.07 | 1 | -0.25 | -0.19 | 0.07 |
| Interest coverage | -112.6 | -6.9K | — | — | — | — | — |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | — | — |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Revenue per share | 0.09 | 0.13 | 0.19 | 0.36 | 25.1 | 25.4 | 9.48 |
| EPS (basic) | -0.35 | -0.43 | -0.59 | -0.79 | -70 | -22.3 | -22.3 |
| EPS (diluted) | -0.35 | -0.43 | -0.59 | -0.79 | -70 | -22.3 | 19.7 |
| Book value per share | -1.59 | 0.71 | -2.18 | 0.65 | 6.81 | -1.77 | 19.9 |
| FCF per share | -0.24 | -0.25 | -0.49 | -0.6 | -47.8 | -30.1 | -2.9 |
| Cash per share | 0.31 | 0 | 0.42 | 0.69 | 28.3 | 5.99 | 3.44 |
| Capex per share | 0.04 | 0.03 | 0.05 | 0.05 | 2.68 | — | — |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Capex / revenue | 38.7% | 22.6% | 28.6% | 13.7% | 10.7% | — | — |
| Capex / operating cash flow | -18.4% | -14.6% | -11.7% | -6.79% | -4.35% | — | — |
| Payout ratio | — | — | — | — | — | — | 0% |
| — |
| $25.5M |
| — |
| FY20 | — | -$0.35 | — | — | $18.4M | — |
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $19.6M | $20.5M | $10.2M | $17.4M | $9.9M | $12M | $9.5M | $9.1M | $9.3M | $28M | $12M | $9M |
| YoY change | +142.9% | +179.4% | +6.2% | +34.5% | -49.3% | -41.2% | -7.43% | -47.7% | -6.68% | +132.7% | +26.8% | -0.77% |
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 | 60.5M | 343.4K | 83M | 120.7M | 55.9M | 13.2M |
| Receivables | 5.5M | 2.9M | 11.7M | 11.2M | 9.5M | 9.5M |
| Inventory | 2M | 2.9M | 4.2M | 5.3M | 5.7M | 3.1M |
| Total current assets | 76.6M | 680.9K | 123.9M | 172.7M | 99.3M | 39.7M |
| Property, plant & equipment | 18M | 18.8M | 26.7M | 41.1M | 49.1M | 31.5M |
| Goodwill & intangibles | — | — | — | — | — | — |
| Total assets | 119M | 150.9M | 176.9M | 241.6M | 174.7M | 100.2M |
| Accounts payable | 1.1M | 85.5K | 7.5M | 4.1M | 5.3M | 10.9M |
| Short-term debt | 2.2M | 2M | 798K | 126K | 158K | 176K |
| Total current liabilities | 15.2M | 751.4K | 56M | 27.8M | 30.4M | 27.7M |
| Long-term debt | 8.4M | 3.3M | 6.6M | 19.8M | 81.7M | 27.3M |
| Total liabilities | 430.2M | 11.6M | 605.6M | 127.2M | 161.2M | 104.1M |
| Shareholders' equity | -311.2M | 139.3M | -428.7M | 114.5M | 13.4M | -3.9M |
| Total debt | 10.6M | 5.3M | 7.4M | 19.9M | 81.9M | 27.5M |
| Net debt | -49.9M | 5M | -75.6M | -55.6M | 38.4M | 14.3M |
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 | 126.4M | 120.7M | 91.6M | 75.1M | 86.9M | 55.9M | 21.2M | 37.4M | 19.6M | 13.2M | 19.9M | 45M |
| Receivables | 10.1M | 11.2M | 10.7M | 8.2M | 14.6M | 9.5M | 9.1M | 7.1M | 8.7M | 9.5M | 10.6M | 9.6M |
| Inventory | — | 5.3M | — | — | — | 5.7M | — | — | — | 3.1M | — | — |
| Total current assets | 177.5M | 172.7M | 146.9M | 125M | 136.6M | 99.3M | 57.7M | 66.2M | 50.6M | 39.7M | 48M | 69.2M |
| Property, plant & equipment | 28.8M | 41.1M | 40.4M | 49.4M | 47.8M | 49.1M | 48.7M | 34.2M | 32.8M | 31.5M | 30.3M | 29.7M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 246.3M | 241.6M | 214.5M | 211.9M | 216.2M | 174.7M | 125.8M | 116.3M | 99.3M | 100.2M | 105.2M | 322.7M |
| Accounts payable | 5.8M | 4.1M | 2.1M | 4M | 3.1M | 5.3M | 6.4M | 3.9M | 6.2M | 10.9M | 10.4M | 7.3M |
| Short-term debt | 2M | 126K | 128K | 156K | 158K | 158K | 166K | 170K | 169K | 176K | 354K | 385K |
| Total current liabilities | 33.7M | 27.8M | 21.3M | 28.4M | 46.9M | 30.4M | 26.5M | 55.8M | 24.8M | 27.7M | 24.4M | 27.9M |
| Long-term debt | 5.3M | 19.8M | 19.3M | 29.2M | 90.4M | 81.7M | 64.5M | 36.1M | 29.8M | 27.3M | 27M | 28.4M |
| Total liabilities | 117.9M | 127.2M | 122.7M | 144.3M | 202.6M | 161.2M | 127M | 141.5M | 104.3M | 104.1M | 57.1M | 62.1M |
| Shareholders' equity | 128.5M | 114.5M | 91.8M | 67.5M | 13.6M | 13.4M | -1.2M | -25.2M | -5M | -3.9M | 48.1M | 260.6M |
| Total debt | 7.2M | 19.9M | 19.5M | 29.4M | 90.5M | 81.9M | 64.7M | 36.3M | 30M | 27.5M | 27.3M | 28.8M |
| Net debt | -84.2M | -55.6M | -37.3M | -32.8M | 31.8M | 38.4M | 50.9M | -1.1M | 10.4M | 14.3M | 7.5M | -16.2M |
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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Net income | -37.7M | -46.7M | -76.4M | -134.1M | -137.7M | -49M |
| Depreciation & amortization | 3M | 3.8M | 4.7M | 5.5M | 5.6M | 4.2M |
| Stock-based compensation | 2.4M | 2.5M | 2.5M | 15.2M | 13.2M | 7.2M |
| Change in working capital | -6.8M | 1.3M | -21.6M | -10.9M | 8M | 21.9M |
| Operating cash flow | -38.6M | -39.4M | -91.1M | -125.9M | -121.6M | -64.9M |
| Capital expenditure | -7.1M | -5.7M | -10.7M | -8.6M | -5.3M | — |
| Investing cash flow | -7.1M | -5.7M | -10.7M | -107.9M | 28.4M | 12.4M |
| Dividends paid | — | — | — | — | — | — |
| Share repurchases | — | — | -649K | -7.7M | -48K | 0 |
| Financing cash flow | 44.7M | 112.9M | 50.5M | 145.6M | 29.9M | 25.6M |
| Net change in cash | -945K | 67.7M | -51.3M | -88.2M | -63.4M | -26.8M |
| Free cash flow | -46.4M | -48.3M | -95.4M | -105.8M | -94.4M | -66.1M |
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 | 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 | -25.3M | -18.7M | -25.5M | -27.8M | -57.4M | -27M | -19.2M | -32.5M | 2.9M | -84K | -14.7M | 184.3M |
| Depreciation & amortization | 1.4M | 1.5M | 1.5M | 1.5M | 1.3M | 1.3M | 781K | 1.1M | 1M | 1.4M | 939K | 962K |
| Stock-based compensation | 3.2M | 3.3M | 2.5M | 3.7M | 3.5M | 3.5M | 2.3M | 2.3M | 1.4M | 1.3M | 1.3M | 739K |
| Change in working capital | -560K | 469K | -4.4M | 8.7M | -526K | 6M | 8.1M | 10.2M | -3.1M | 1.6M | -462K | 9.2M |
| Operating cash flow | -21.7M | -13.4M | -26.3M | -22.3M | -53.9M | -17.3M | -32.5M | -21.7M | -15.9M | -6.2M | -9.3M | -1.4M |
| Capital expenditure | -1.8M | -1.4M | -1.5M | -1.8M | -289K | -1.7M | -713K | — | — | — | — | — |
| Investing cash flow | 3.4M | 58.7M | 9.2M | 20.3M | -15.4M | 14.2M | 4.3M | 7.4M | 0 | 0 | -2M | -1M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | 0 | — | — | — | — | — |
| Financing cash flow | -1.1M | -52.4M | 186K | 272K | 0 | -10.3M | -12.5M | 15.1M | 0 | 0 | 18M | 28.1M |
| Net change in cash | -19.4M | -7.1M | -16.9M | -1.8M | -69.3M | -13.3M | -40.7M | 744K | -15.9M | -6.2M | 6.7M | 25.8M |
| Free cash flow | -24.3M | -17.1M | -29.8M | -16.4M | -26.7M | -21.4M | -21.8M | -21.9M | -16M | -6.4M | -9.3M | -2.1M |