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 % |
|---|---|---|---|---|---|---|
| Q1 26 | $0.02 | $0.02 | 0.0% | — | — | — |
| Q4 25 | $0.01 | $0.03 | +200.0% | — | — | — |
| Q3 25 | $0.01 | $0.01 | 0.0% | — | — | — |
| Q2 25 | $0.01 | $0.01 | 0.0% | — | — | — |
| Q1 25 | $0.02 | -$1.21 | -6150.0% | — | $24.4M | — |
| Q3 24 | $0.04 | $0.01 | -75.0% | — | $23.5M | — |
| Q2 24 | $0.05 | $0.02 | -60.0% | — | $26.7M | — |
| Q1 24 | $0.05 | $0.04 | -20.0% | — | $30.7M | — |
| Q4 23 | $0.04 | -$0.04 | -200.0% | — | $14.9M | — |
| Q3 23 | $0.07 | $0.02 | -71.4% | — | $26M | — |
| Q2 23 | $0.09 | $0.09 | 0.0% | — | $38.2M | — |
| Q1 23 | $0.06 | $0.1 | +66.7% | — | $38.4M | — |
| Q4 22 | $0.1 | -$0.03 | -130.0% | — | $26.8M | — |
| Q3 22 | $0.15 | $0.19 | +26.7% | — | $50.7M | — |
| Q2 22 | $0.17 | $0.18 | +5.9% | — | $52M | — |
| Q1 22 | $0.17 | $0.18 | +5.9% | — | $50.1M | — |
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 | — | -$0.04 | — | — | $93.2M | — |
| FY24 | — | -$1.13 | — | — | $24M | — |
| FY23 | — | $0.18 | — | — | $117.5M | — |
| FY22 | — | $0.53 | — | — | $179.6M | — |
| 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 | $52.2M | $92.8M | $108.9M | $215.7M | $179.6M | $117.5M | $24M | $93.2M |
| YoY change | — | +77.9% | +17.3% | +98% | -16.7% | -34.6% | -79.5% | +288% |
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 | 52.2M | 92.8M | 108.9M | 215.7M | 179.6M | 117.5M | 24M | 93.2M |
| Cost of revenue | 4.6M | 7.8M | 9.8M | 18.6M | 20M | 22.3M | 23.9M | 21.6M |
| Gross profit | 47.6M | 85M | 99.1M | 197M | 159.6M | 95.2M | 169K | 71.7M |
| Gross margin | 91.2% | 91.6% | 91% | 91.4% | 88.9% | 81% | 0.7% | 76.9% |
| Research & development | 802K | 1.2M | 2M | 4.4M | 8.2M | 5.6M | 4.5M | 8.8M |
| Selling, general & administrative | 18.3M | 21.3M | 40.4M | 42.4M | 53.8M | 60.5M | 61.1M | 67.9M |
| Operating expenses | 19.1M | 22.4M | 42.4M | 46.7M | 62M | 66.1M | 65.5M | 76.7M |
| Operating income | 28.5M | 62.6M | 56.7M | 150.3M | 97.6M | 29.1M | -65.4M | -5M |
| Operating margin | 54.6% | 67.4% | 52.1% | 69.7% | 54.4% | 24.8% | -272.1% | -5.37% |
| Non-operating income, net | 170K | 197K | -136.3M | 46.5M | -238K | 109K | — | -18K |
| Pretax income | 28.3M | 62.5M | -91M | 191.2M | 93.5M | 28.9M | -64.6M | -5.4M |
| Income tax | 37K | -30K | 6.6M | 45.1M | 26.9M | 6.8M | 70.4M | -1.1M |
| Net income | 28.3M | 62.5M | -97.6M | 146.1M | 66.6M | 22.1M | -135M | -4.2M |
| Net margin | 54.2% | 67.4% | -89.6% | 67.7% | 37.1% | 18.8% | -562% | -4.54% |
| EBITDA | 28.7M | 62.9M | 53.9M | 206.3M | 100.3M | 40.7M | -51.6M | 6.7M |
| EPS | -0.48 | -1.22 | -1.09 | 1.16 | 0.53 | 0.18 | -1.13 | -0.04 |
| Diluted EPS | -0.48 | -1.22 | -1.09 | 1.16 | 0.53 | 0.18 | -1.13 | -0.04 |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | Q2 23 | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 38.2M | 26M | 14.9M | 30.7M | 26.7M | 23.5M | -56.9M | 24.4M | 25.3M | 24.2M | 19.3M | 20.5M |
| Cost of revenue | 6.1M | 5.4M | 5.4M | 5.8M | 5.7M | 6.1M | 6.3M | 6.1M | 5.5M | 5.3M | 4.6M | 4.9M |
| Gross profit | 32M | 20.6M | 9.6M | 25M | 21M | 17.3M | -63.2M | 18.3M | 19.8M | 18.9M | 14.7M | 15.6M |
| Gross margin | 84% | 79.4% | 64.1% | 81.3% | 78.6% | 73.9% | 111% | 75.1% | 78.2% | 78% | 76% | 76.3% |
| Research & development | 1.1M | 1.7M | 1.5M | 1.5M | 1.1M | 992K | 861K | 2.3M | 2.5M | 2M | 1.9M | 1.8M |
| Selling, general & administrative | 15.2M | 14.4M | 16.4M | 16.2M | 15.9M | 14.5M | 14.5M | 15.3M | 16.1M | 24.5M | 12M | 14.5M |
| Operating expenses | 16.3M | 16.1M | 17.9M | 17.7M | 17M | 15.5M | 15.4M | 17.5M | 18.6M | 26.6M | 13.9M | 16.3M |
| Operating income | 15.7M | 4.5M | -8.3M | 7.3M | 4M | 1.9M | -78.6M | 762K | 1.2M | -7.7M | 757K | -633K |
| Operating margin | 41.2% | 17.4% | -55.4% | 23.8% | 14.9% | 7.95% | 138% | 3.12% | 4.65% | -31.9% | 3.91% | -3.09% |
| Non-operating income, net | -6K | -3K | 118K | — | — | — | — | — | — | 185K | -203K | — |
| Pretax income | 15.5M | 4.5M | -8M | 7.5M | 4.3M | 2.1M | -78.6M | 673K | 1.1M | -7.6M | 429K | -470K |
| Income tax | 4.1M | 1.5M | -3.1M | 2.4M | 1.4M | 688K | 65.8M | 56K | 80K | -16K | -1.3M | -10K |
| Net income | 11.4M | 3M | -4.8M | 5.1M | 2.9M | 1.4M | -144.4M | 617K | 1M | -7.6M | 1.7M | -460K |
| Net margin | 29.8% | 11.5% | -32.4% | 16.5% | 10.9% | 6.12% | 253.7% | 2.53% | 4.09% | -31.3% | 8.69% | -2.24% |
| EBITDA | 18.4M | 7.7M | -4.8M | 10.7M | 7.5M | 5.6M | -75.4M | 3.8M | 4.1M | -4.5M | 3.3M | 1.5M |
| EPS | 0.09 | 0.02 | -0.04 | 0.04 | 0.02 | 0.01 | -1.21 | 0.01 | 0.01 | -0.06 | 0.01 | 0 |
| Diluted EPS | 0.09 | 0.02 | -0.04 | 0.04 | 0.02 | 0.01 | -1.21 | 0.01 | 0.01 | -0.06 | 0.01 | 0 |
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 | — | — | — | — | — | — | — | — | 371.5M |
| Enterprise value | — | — | — | — | — | — | — | — | 283M |
| Shares outstanding | 91.8M | 91.8M | 82.9M | 126.4M | 126.1M | 120.8M | 119.2M | 118.6M | 118.6M |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | — | 29.3 |
| P/S | — | — | — | — | — | — | — | — | 4.16 |
| P/B | — | — | — | — | — | — | — | — | 4.93 |
| EV/EBITDA | — | — | — | — | — | — | — | — | 56.4 |
| EV/Sales | — | — | — | — | — | — | — | — | 3.17 |
| Earnings yield | — | — | — | — | — | — | — | — | 3.42% |
| FCF yield | — | — | — | — | — | — | — | — | 1.97% |
| PEG | — | — | — | — | — | — | — | — | -0.29 |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Gross margin | 91.2% | 91.6% | 91% | 91.4% | 88.9% | 81% | 0.7% | 76.9% | 76.3% |
| Operating margin | 54.6% | 67.4% | 52.1% | 69.7% | 54.4% | 24.8% | -272.1% | -5.37% | -3.09% |
| Net margin | 54.2% | 67.4% | -89.6% | 67.7% | 37.1% | 18.8% | -562% | -4.54% | -5.95% |
| ROE | — | -26.6% | -366.5% | 91.9% | 31.3% | 10.7% | -172.9% | -5.65% | -6.85% |
| ROA | — | 79% | -33.2% | 45.8% | 17.5% | 5.9% | -45.6% | -1.79% | 1.07% |
| ROIC | — | -26.2% | 64.5% | 59.2% | 43.3% | 19.6% | -249.1% | -15.3% | -19.8% |
| Return on tangible assets | — | 79% | -33.2% | 45.8% | 17.5% | 5.9% | -47.3% | -1.85% | -2.38% |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Current ratio | — | 5.52 | 9.57 | 16.8 | 18.6 | 14.1 | 5.84 | 4.52 | 4.44 |
| Quick ratio | — | 5.52 | 9.57 | 16.8 | 18.6 | 14.1 | 5.84 | 4.52 | 4.44 |
| Debt / equity | — | -0.01 | 6.12 | 0.95 | 0.71 | 0.72 | 2.45 | 1.79 | 1.13 |
| Debt / assets | — | 0.04 | 0.55 | 0.47 | 0.4 | 0.4 | 0.65 | 0.57 | 0.56 |
| Net debt / EBITDA | — | -0.07 | 1.14 | 0.17 | -0.52 | -2.26 | 1 | -6.31 | -9.74 |
| Interest coverage | 84 | 195.1 | -6.84 | 33.6 | 17 | 3.71 | -4.71 | 0.44 | 0.22 |
| Effective tax rate | 0.13% | 0% | 0% | 23.6% | 28.8% | 23.5% | 0% | 0% | 0% |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0.57 | 1.01 | 1.31 | 1.71 | 1.42 | 0.97 | 0.2 | 0.79 | 0.76 |
| EPS (basic) | -0.48 | -1.22 | -1.09 | 1.16 | 0.53 | 0.18 | -1.13 | -0.04 | -0.04 |
| EPS (diluted) | -0.48 | -1.22 | -1.09 | 1.16 | 0.53 | 0.18 | -1.13 | -0.04 | -0.05 |
| Book value per share | — | -2.56 | 0.32 | 1.26 | 1.69 | 1.7 | 0.66 | 0.63 | 0.64 |
| FCF per share | 0.31 | 0.45 | 0.28 | 0.74 | 0.85 | 0.67 | 0.11 | -0.04 | -0.01 |
| Cash per share | — | 0.08 | 1.22 | 0.92 | 1.62 | 1.99 | 2.04 | 1.49 | 1.47 |
| Capex per share | 0 | 0 | 0.01 | 0 | 0 | 0 | 0 | 0.01 | 0.01 |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Capex / revenue | 0.2% | 0.11% | 1.1% | 0.05% | 0.13% | 0.1% | 0.69% | 1.04% | 0.79% |
| Capex / operating cash flow | 0.37% | 0.24% | 4.74% | 0.13% | 0.23% | 0.15% | 0.82% | -30.5% | -585% |
| Payout ratio | 66.7% | 67.8% | -139% | 0% | 0% | — | — | — | 0% |
| — |
| $1.16 |
| — |
| — |
| $215.7M |
| — |
| FY20 | — | -$1.09 | — | — | $108.9M | — |
| FY19 | — | -$1.22 | — | — | $92.8M | — |
| FY18 | — | -$0.48 | — | — | $52.2M | — |
| Period |
|---|
| Q2 23 |
|---|
| Q3 23 |
|---|
| Q4 23 |
|---|
| Q1 24 |
|---|
| Q2 24 |
|---|
| Q3 24 |
|---|
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Revenue | $38.2M | $26M | $14.9M | $30.7M | $26.7M | $23.5M | -$56.9M | $24.4M | $25.3M | $24.2M | $19.3M | $20.5M |
| YoY change | -26.7% | -48.7% | -44.3% | -19.9% | -29.9% | -9.73% | -481% | -20.7% | -5.3% | +2.95% | +134% | -16% |
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 | 7.7M | 101.5M | 116.5M | 204.4M | 240.2M | 243.2M | 176.6M |
| Receivables | 3.8M | 4.4M | 6.5M | 5.7M | 4.6M | 5.1M | 3.7M |
| Inventory | — | — | — | — | — | — | — |
| Total current assets | 45.2M | 162.8M | 202.8M | 280.7M | 289.9M | 275.7M | 222.7M |
| Property, plant & equipment | 299K | 8.3M | 7.9M | 7.2M | 7.9M | 4.6M | 3.5M |
| Goodwill & intangibles | — | — | — | — | — | 10.8M | 8.1M |
| Total assets | 79.2M | 294M | 318.8M | 379.6M | 374M | 296.4M | 236.7M |
| Accounts payable | 1.3M | 3.4M | 1.3M | 288K | 375K | 953K | 446K |
| Short-term debt | 2.5M | 4.9M | 3.6M | 4.3M | 5.3M | 27.6M | 27.1M |
| Total current liabilities | 8.2M | 17M | 12.1M | 15.1M | 20.6M | 47.3M | 49.3M |
| Long-term debt | 829K | 158M | 147.8M | 147.8M | 142.8M | 163.7M | 107.2M |
| Total liabilities | 314M | 267.4M | 159.8M | 166.8M | 168.5M | 218.3M | 161.7M |
| Shareholders' equity | -234.8M | 26.6M | 159M | 212.8M | 205.6M | 78.1M | 75M |
| Total debt | 3.3M | 162.9M | 151.4M | 152.1M | 148.1M | 191.3M | 134.3M |
| Net debt | -4.4M | 61.4M | 34.9M | -52.4M | -92.1M | -51.8M | -42.3M |
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 | Q2 23 | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 224.4M | 232.6M | 240.2M | 247M | 248M | 250.2M | 243.2M | 236.2M | 230.7M | 222.1M | 176.6M | 173.3M |
| Receivables | 6.3M | 5.3M | 4.6M | 5.8M | 4.4M | 4.6M | 5.1M | 5.5M | 4.4M | 4.4M | 3.7M | 4.8M |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 284.5M | 293.9M | 289.9M | 290.5M | 293.2M | 294.7M | 275.7M | 277.8M | 267.1M | 272.6M | 222.7M | 218.1M |
| Property, plant & equipment | 7.3M | 7.9M | 7.9M | 8M | 8.5M | 9.6M | 4.6M | 4.3M | 4.1M | 3.8M | 3.5M | 3.2M |
| Goodwill & intangibles | — | — | — | — | — | — | 10.8M | 10.8M | 10.2M | 9.3M | 8.1M | 7.6M |
| Total assets | 386.8M | 383.4M | 374M | 380.6M | 382.8M | 395.7M | 296.4M | 304.2M | 296.7M | 287.7M | 236.7M | 231.1M |
| Accounts payable | 30K | 221K | 375K | 440K | 899K | 282K | 953K | 352K | 481K | 1M | 446K | 543K |
| Short-term debt | 3.8M | 3.8M | 5.3M | 4.7M | 7.5M | 7.5M | 27.6M | 24.9M | 25.9M | 24.7M | 27.1M | 28M |
| Total current liabilities | 18M | 20M | 20.6M | 22.1M | 22M | 31.3M | 47.3M | 44.7M | 47.1M | 48.8M | 49.3M | 49.1M |
| Long-term debt | 145.8M | 144.8M | 142.8M | 141.8M | 138.9M | 137.5M | 163.7M | 172.6M | 163.4M | 159.5M | 107.2M | 102.3M |
| Total liabilities | 167.7M | 168.7M | 168.5M | 169.1M | 166M | 175.2M | 218.3M | 224.4M | 217.7M | 214.8M | 161.7M | 155.8M |
| Shareholders' equity | 219.2M | 214.7M | 205.6M | 211.5M | 216.8M | 220.5M | 78.1M | 79.8M | 78.9M | 72.8M | 75M | 75.3M |
| Total debt | 149.5M | 148.5M | 148.1M | 146.5M | 146.4M | 145M | 191.3M | 197.5M | 189.4M | 184.2M | 134.3M | 130.3M |
| Net debt | -74.9M | -84.1M | -92.1M | -100.5M | -101.6M | -105.3M | -51.8M | -38.7M | -41.3M | -37.9M | -42.3M | -43M |
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 | 28.3M | 62.5M | -97.6M | 146.1M | 66.6M | 22.1M | -135M | -4.2M |
| Depreciation & amortization | 80K | 105K | 1.3M | 525K | 915K | 1.2M | 1.7M | 2.4M |
| Stock-based compensation | 2.5M | 2M | 2.8M | 3.8M | 5.4M | 9.5M | 8.7M | 7M |
| Change in working capital | -2M | -23M | -18.4M | -31M | 30.7M | 52.7M | 73.4M | -13.2M |
| Operating cash flow | 29M | 41.7M | 25.3M | 85.2M | 105M | 81.5M | 20.1M | -3.2M |
| Capital expenditure | -106K | -99K | -1.2M | -111K | -238K | -123K | -165K | -974K |
| Investing cash flow | -106K | -99K | -1.2M | -111K | -238K | -123K | -165K | -974K |
| Dividends paid | -18.9M | -42.4M | -135.6M | 0 | 0 | — | — | — |
| Share repurchases | 0 | 0 | -37.5M | -20M | -18M | -37.3M | 0 | -4.9M |
| Financing cash flow | -21.4M | -44.9M | -34.5M | -77.8M | -17.8M | -42.3M | -6.4M | -61.5M |
| Net change in cash | 7.5M | -3.3M | -10.5M | 7.3M | 87M | 39M | 13.5M | -65.7M |
| Free cash flow | 28.5M | 41.7M | 23.4M | 93.2M | 106.8M | 80.5M | 13.7M | -4.2M |
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 | Q2 23 | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income | 11.4M | 3M | -4.8M | 5.1M | 2.9M | 1.4M | -144.4M | 617K | 1M | -7.6M | 1.7M | -460K |
| Depreciation & amortization | 252K | 328K | 335K | 372K | 415K | 494K | 393K | 544K | 590K | 623K | 653K | 656K |
| Stock-based compensation | 2.3M | 2.7M | 2.7M | 1.9M | 2.4M | 2.2M | 2.3M | 1.8M | 2.3M | 1.4M | 1.4M | 1.1M |
| Change in working capital | 423K | 14M | 24.8M | 1.4M | -9.4M | 4.4M | 77M | -9.7M | -3.8M | -1.2M | 1.5M | 377K |
| Operating cash flow | 15.2M | 18.9M | 17.9M | 11.2M | -1.8M | 9.4M | 1.3M | -6.3M | 848K | -5.7M | 5.5M | -764K |
| Capital expenditure | -41K | -26K | -20K | 0 | -51K | -110K | -4K | -45K | -217K | -77K | -119K | -289K |
| Investing cash flow | -41K | -26K | -20K | 0 | -51K | -110K | -4K | -45K | -217K | -77K | -119K | -289K |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | 0 | -10M | -6M | 0 | 0 | 0 | 0 | — | — | 0 | -934K | — |
| Financing cash flow | -1.1M | -10.9M | -7.9M | -2M | -116K | -1.9M | -2.5M | -2.6M | -2.2M | -1.9M | -50.8M | -2.2M |
| Net change in cash | 14.1M | 7.9M | 9.9M | 9.2M | -2M | 7.4M | -1.2M | -9M | -1.5M | -7.6M | -45.5M | -3.3M |
| Free cash flow | 15.6M | 19.6M | 16.2M | 10.4M | -2.5M | 10.4M | -4.5M | -4.4M | 620K | -5.7M | 5.3M | -1.1M |