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 | -$0.28 | -$0.24 | +14.3% | — | $22.8M | — |
| Q1 26 | -$0.33 | -$0.33 | 0.0% | — | $20.6M | — |
| Q4 25 | -$0.38 | -$0.25 | +34.2% | — | $22.6M | — |
| Q3 25 | -$0.42 | -$0.34 | +19.0% | — | $21.5M | — |
| Q2 25 | -$0.4 | -$0.38 | +5.0% | — | — | — |
| Q1 25 | -$0.4 | -$0.36 | +10.0% | — | — | — |
| Q4 24 | -$0.45 | -$0.33 | +26.7% | — | — | — |
| Q3 24 | -$0.44 | -$0.36 | +18.2% | — | — | — |
| Q2 24 | -$0.43 | -$0.35 | +18.6% | — | — | — |
| Q1 24 | -$0.46 | -$0.36 | +21.7% | — | — | — |
| Q4 23 | -$0.41 | -$0.36 | +12.2% | — | — | — |
| Q3 23 | -$0.43 | -$0.39 | +9.3% | — | — | — |
| Q2 23 | -$0.44 | -$0.43 | +2.3% | — | $17.2M | — |
| Q1 23 | -$0.44 | -$0.42 | +4.5% | — | $14.5M | — |
| Q4 22 | -$0.42 | -$0.38 | +9.5% | — | $15.4M | — |
| Q3 22 | -$0.4 | -$0.38 | +5.0% | — | $13.5M | — |
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 | — | -$1.33 | — | — | $90.5M | — |
| FY24 | — | -$1.44 | — | — | $83.8M | — |
| FY23 | — | -$1.6 | — | — | $68.7M | — |
| FY22 | — | -$1.59 | — | — | $53.7M | — |
| 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 | $20M | $32.6M | $32.7M | $48.4M | $53.7M | $68.7M | $83.8M | $90.5M |
| YoY change | — | +62.9% | +0.42% | +47.9% | +10.8% | +28% | +22% | +8.01% |
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 | 20M | 32.6M | 32.7M | 48.4M | 53.7M | 68.7M | 83.8M | 90.5M |
| Cost of revenue | 7.7M | 10.2M | 11.5M | 12.8M | 13.8M | 17.9M | 21.8M | 23.4M |
| Gross profit | 12.3M | 22.4M | 21.2M | 35.6M | 39.9M | 50.8M | 62M | 67.1M |
| Gross margin | 61.4% | 68.8% | 64.8% | 73.6% | 74.3% | 73.9% | 74% | 74.2% |
| Research & development | 7M | 6M | 7.5M | 13.1M | 15.4M | 18.1M | 17.6M | 19.5M |
| Selling, general & administrative | 20.3M | 34.2M | 46.1M | 69.9M | 83.1M | 94.6M | 102.1M | 101.3M |
| Operating expenses | 27.3M | 40.3M | 53.5M | 82.9M | 98.5M | 112.7M | 119.7M | 120.8M |
| Operating income | -15.1M | -17.8M | -32.3M | -47.3M | -58.6M | -61.9M | -57.7M | -53.7M |
| Operating margin | -75.2% | -54.7% | -98.8% | -97.7% | -109.3% | -90.2% | -68.9% | -59.3% |
| Non-operating income, net | -916K | -617K | 3.3M | -585K | -396K | -673K | 256K | 790K |
| Pretax income | -18.5M | -20.3M | -32M | -48.3M | -58.6M | -60.3M | -55.9M | -53.4M |
| Income tax | 12K | 363K | 213K | 343K | 353K | 571K | 500K | 626K |
| Net income | -18.5M | -20.7M | -32.2M | -48.7M | -58.9M | -60.8M | -56.4M | -54M |
| Net margin | -92.4% | -63.5% | -98.5% | -100.5% | -109.8% | -88.6% | -67.3% | -59.7% |
| EBITDA | -15.7M | -17.7M | -28.4M | -46.6M | -56M | -55.5M | -50.9M | -49.2M |
| EPS | -0.89 | -1 | -3.16 | -1.35 | -1.59 | -1.6 | -1.44 | -1.33 |
| Diluted EPS | -0.89 | -1 | -3.16 | -1.35 | -1.59 | -1.6 | -1.44 | -1.33 |
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 | — | — | — | — | — | — | — | — | 21.5M | 22.6M | 20.6M | 22.8M |
| Cost of revenue | — | — | — | — | — | — | — | — | 5.5M | 5.1M | 4.5M | 5M |
| Gross profit | — | — | — | — | — | — | — | — | 16.1M | 17.5M | 16M | 17.7M |
| Gross margin | — | — | — | — | — | — | — | — | 74.7% | 77.6% | 77.9% | 78% |
| Research & development | — | — | — | — | — | — | — | — | 4.8M | 4.6M | 4.9M | 5M |
| Selling, general & administrative | — | — | — | — | — | — | — | — | 25.6M | 22.9M | 24.1M | 21.8M |
| Operating expenses | — | — | — | — | — | — | — | — | 30.4M | 27.4M | 29M | 26.8M |
| Operating income | — | — | — | — | — | — | — | — | -14.4M | -9.9M | -13M | -9.1M |
| Operating margin | — | — | — | — | — | — | — | — | -66.9% | -43.8% | -62.9% | -39.8% |
| Non-operating income, net | — | — | — | — | — | — | — | — | 758K | -19K | 77K | -1K |
| Pretax income | — | — | — | — | — | — | — | — | -13.8M | -10.2M | -13.5M | -9.9M |
| Income tax | — | — | — | — | — | — | — | — | 128K | 186K | 149K | 133K |
| Net income | — | — | — | — | — | — | — | — | -14M | -10.4M | -13.7M | -10.1M |
| Net margin | — | — | — | — | — | — | — | — | -64.9% | -46.1% | -66.3% | -44.3% |
| EBITDA | — | — | — | — | — | — | — | — | -12.8M | -9.2M | -12.3M | -8.5M |
| EPS | -0.39 | -0.36 | -0.36 | -0.39 | -0.36 | -0.33 | -0.36 | -0.38 | -0.34 | -0.25 | -0.33 | -0.24 |
| Diluted EPS | -0.39 | -0.36 | -0.36 | -0.39 | -0.36 | -0.33 | -0.36 | -0.38 | -0.34 | -0.25 | -0.33 | -0.24 |
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 | — | — | — | — | 312.7M | 484.2M | 265.6M | 89.9M | 82.8M |
| Enterprise value | — | — | — | — | 196M | 408.5M | 220.6M | 76.5M | 82.4M |
| Shares outstanding | 20.7M | 20.7M | 10.2M | 36.1M | 37.1M | 38M | 39.1M | 40.7M | 40.7M |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | — | -1.48 |
| P/S | — | — | — | — | 5.83 | 7.05 | 3.17 | 0.99 | 0.92 |
| P/B | — | — | — | — | 2.03 | 4.09 | 3.09 | 1.66 | 2.09 |
| EV/EBITDA | — | — | — | — | -3.5 | -7.36 | -4.33 | -1.56 | -1.81 |
| EV/Sales | — | — | — | — | 3.65 | 5.95 | 2.63 | 0.85 | 0.94 |
| Earnings yield | — | — | — | — | — | — | — | — | -67.7% |
| FCF yield | — | — | — | — | -14.8% | -7.93% | -12.4% | -36.5% | -14.2% |
| PEG | — | — | — | — | — | — | — | — | 0.04 |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Gross margin | 61.4% | 68.8% | 64.8% | 73.6% | 74.3% | 73.9% | 74% | 74.2% | 78% |
| Operating margin | -75.2% | -54.7% | -98.8% | -97.7% | -109.3% | -90.2% | -68.9% | -59.3% | -39.8% |
| Net margin | -92.4% | -63.5% | -98.5% | -100.5% | -109.8% | -88.6% | -67.3% | -59.7% | -55% |
| ROE | 11% | 11% | -14.3% | -25.2% | -38.3% | -51.4% | -65.7% | -99.8% | -88.9% |
| ROA | -123.1% | -38.7% | -12.2% | -20.7% | -30.4% | -34.2% | -34.6% | -41.8% | -22.1% |
| ROIC | 10.9% | 9.2% | -148.3% | -119.3% | -157.3% | -145.3% | -141.4% | -131.8% | -117% |
| Return on tangible assets | -204.1% | -43.3% | -12.5% | -21.2% | -31.2% | -35.2% | -35.7% | -43.3% | -43.7% |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 1.4 | 2.9 | 20 | 11.9 | 9.14 | 6.5 | 5.58 | 5.07 | 4.32 |
| Quick ratio | 0.99 | 2.5 | 19.1 | 10.9 | 8.35 | 5.77 | 4.88 | 4.28 | 3.52 |
| Debt / equity | -0.2 | -0.12 | 0.12 | 0.14 | 0.16 | 0.35 | 0.66 | 1.04 | 1.43 |
| Debt / assets | 2.24 | 0.41 | 0.1 | 0.11 | 0.13 | 0.23 | 0.35 | 0.44 | 0.49 |
| Net debt / EBITDA | -1.88 | 0.37 | 7.21 | 3.29 | 2.08 | 1.36 | 0.88 | 0.27 | -0.01 |
| Interest coverage | -6.33 | -7.78 | -9.07 | -57.3 | -53.9 | -17.6 | -14.9 | -15.9 | -11.6 |
| 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 | 0.97 | 1.57 | 3.21 | 1.34 | 1.45 | 1.81 | 2.14 | 2.22 | 2.1 |
| EPS (basic) | -0.89 | -1 | -3.16 | -1.35 | -1.59 | -1.6 | -1.44 | -1.33 | -1.33 |
| EPS (diluted) | -0.89 | -1 | -3.16 | -1.35 | -1.59 | -1.6 | -1.44 | -1.33 | -1.15 |
| Book value per share | -8.08 | -9.05 | 22.2 | 5.35 | 4.15 | 3.12 | 2.19 | 1.33 | 0.91 |
| FCF per share | -0.9 | -1.04 | -3.1 | -1.25 | -1.25 | -1.01 | -0.84 | -0.81 | -0.72 |
| Cash per share | 0.2 | 1.37 | 22.7 | 4.98 | 3.8 | 3.08 | 2.59 | 1.71 | 1.3 |
| Capex per share | 0.01 | 0.03 | 0.09 | 0.1 | 0.04 | 0.02 | 0.04 | — | — |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Capex / revenue | 1.5% | 2.21% | 2.78% | 7.58% | 2.46% | 1.18% | 1.73% | — | — |
| Capex / operating cash flow | -1.48% | -2.95% | -3.38% | -7.94% | -2.85% | -2.01% | -4.56% | — | — |
| Payout ratio | — | — | — | — | — | — | — | — | 0% |
| — |
| -$1.35 |
| — |
| — |
| $48.4M |
| — |
| FY20 | — | -$3.16 | — | — | $32.7M | — |
| FY19 | — | -$1 | — | — | $32.6M | — |
| FY18 | — | -$0.89 | — | — | $20M | — |
| 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 | — | — | — | — | — | — | — | — | $21.5M | $22.6M | $20.6M | $22.8M |
| YoY change | — | — | — | — | — | — | — | — | — | — | — | — |
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 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 4.1M | 28.3M | 231.6M | 180M | 141.1M | 117.1M | 101.5M | 69.8M |
| Receivables | 3M | 5.5M | 4.2M | 6.6M | 8.7M | 12.1M | 13.1M | 12.1M |
| Inventory | 3.3M | 5.6M | 10.7M | 16.3M | 14.6M | 16.7M | 16.9M | 15.8M |
| Total current assets | 11.3M | 41.1M | 250M | 208M | 169M | 150.4M | 136.2M | 101.7M |
| Property, plant & equipment | 375K | 7.5M | 10.4M | 12.9M | 10.5M | 7.4M | 21.5M | 20.2M |
| Goodwill & intangibles | 6M | 5.7M | 5.5M | 5.2M | 5M | 4.7M | 4.7M | 4.7M |
| Total assets | 15M | 53.5M | 263.7M | 235.2M | 193.7M | 177.8M | 162.8M | 129.3M |
| Accounts payable | 1.3M | 2.7M | 1.5M | 1.6M | 1.8M | 1.5M | 3.8M | 3.9M |
| Short-term debt | — | 446K | 2.2M | 2.3M | 3.3M | 5.2M | 4M | 1.3M |
| Total current liabilities | 8.1M | 14.2M | 12.5M | 17.6M | 18.5M | 23.2M | 24.4M | 20.1M |
| Long-term debt | 33.6M | 21.4M | 25M | 24.2M | 21.1M | 36.2M | 52.5M | 55M |
| Total liabilities | 182.3M | 240.9M | 37.6M | 41.9M | 39.7M | 59.5M | 77M | 75.2M |
| Shareholders' equity | -167.3M | -187.4M | 226.1M | 193.2M | 154M | 118.3M | 85.8M | 54.1M |
| Total debt | 33.6M | 21.8M | 27.2M | 26.5M | 24.4M | 41.4M | 56.5M | 56.4M |
| Net debt | 29.5M | 7M | -204.3M | -122M | -77.3M | -42.1M | -14.4M | -13.4M |
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 | 116.5M | 117.1M | 116.1M | 114.5M | 107.8M | 101.5M | 88.7M | 84.2M | 76.5M | 69.8M | 61.6M | 55.8M |
| Receivables | 10.1M | 12.1M | 10.5M | 11.1M | 11.7M | 13.1M | 14M | 15.9M | 13.8M | 12.1M | 10.8M | 12.2M |
| Inventory | 16.1M | 16.7M | 17.2M | 17M | 17M | 16.9M | 16.8M | 16.2M | 16.2M | 15.8M | 16.3M | 16.4M |
| Total current assets | 147.4M | 150.4M | 147.9M | 146.2M | 140.9M | 136.2M | 123.9M | 120M | 111.2M | 101.7M | 92.7M | 88.1M |
| Property, plant & equipment | 8.1M | 7.4M | 6.9M | 21.3M | 21.2M | 21.5M | 21.5M | 21.3M | 20.7M | 20.2M | 19.7M | 19.2M |
| Goodwill & intangibles | 5M | 4.7M | 4.7M | 4.7M | 4.7M | 4.7M | 4.7M | 4.7M | 4.7M | 4.7M | 4.7M | 4.7M |
| Total assets | 185.1M | 177.8M | 164.6M | 172.6M | 167.4M | 162.8M | 150.7M | 147.2M | 138.3M | 129.3M | 120M | 114.7M |
| Accounts payable | 3.2M | 1.5M | 3.1M | 3.2M | 4.6M | 3.8M | 4.3M | 6.6M | 6.4M | 3.9M | 3.5M | 4.7M |
| Short-term debt | 3.5M | 5.2M | 7.9M | 1.2M | 762K | 4M | 8.9M | 1.2M | 1.2M | 1.3M | 1.3M | 1.4M |
| Total current liabilities | 20.5M | 23.2M | 21.3M | 16.3M | 18.3M | 24.4M | 24.9M | 22.4M | 22.9M | 20.1M | 18.9M | 20.4M |
| Long-term debt | 38.7M | 36.2M | 32.7M | 55M | 55M | 52.5M | 48M | 55.6M | 55.3M | 55M | 55M | 54.8M |
| Total liabilities | 59.3M | 59.5M | 54.1M | 71.4M | 73.5M | 77M | 73.1M | 78.1M | 78.2M | 75.2M | 74.2M | 75.5M |
| Shareholders' equity | 125.7M | 118.3M | 110.5M | 101.2M | 93.9M | 85.8M | 77.7M | 69.1M | 60M | 54.1M | 45.8M | 39.2M |
| Total debt | 42.2M | 41.4M | 40.6M | 56.2M | 55.8M | 56.5M | 56.9M | 56.8M | 56.6M | 56.4M | 56.3M | 56.2M |
| Net debt | -52.7M | -42.1M | -29.6M | -7.3M | -7.5M | -14.4M | -17.6M | -18.6M | -20M | -13.4M | -5.3M | 368K |
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 | -18.5M | -20.7M | -32.2M | -48.7M | -58.9M | -60.8M | -56.4M | -54M |
| Depreciation & amortization | 270K | 365K | 483K | 867K | 1.5M | 1.5M | 1.5M | 1.1M |
| Stock-based compensation | 366K | 364K | 3.2M | 10.5M | 16.4M | 22.1M | 23M | 21.2M |
| Change in working capital | -2.4M | -5.3M | -3.9M | -11.5M | -7.8M | -5.7M | -1.7M | -653K |
| Operating cash flow | -20.2M | -24.4M | -27M | -46.3M | -46.2M | -40.2M | -31.7M | -32.4M |
| Capital expenditure | -300K | -720K | -911K | -3.7M | -1.3M | -807K | -1.4M | — |
| Investing cash flow | 200K | -14.2M | 12.7M | -46.3M | -4.2M | -2M | 17.5M | 30.9M |
| Dividends paid | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — |
| Financing cash flow | 12M | 45.1M | 229.9M | -41K | -140K | 19.9M | -95K | -170K |
| Net change in cash | -8M | 6.5M | 215.6M | -92.5M | -50.6M | -22.3M | -14.4M | -1.6M |
| Free cash flow | -18.7M | -21.5M | -31.5M | -45.1M | -46.4M | -38.4M | -33M | -32.8M |
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 | -14.9M | -13.9M | -13.7M | -15.3M | -14.1M | -13.2M | -14.4M | -15.2M | -14M | -10.4M | -13.7M | -10.1M |
| Depreciation & amortization | 415K | 287K | 423K | 400K | 376K | 294K | 278K | 299K | 246K | 231K | 220K | 222K |
| Stock-based compensation | 6M | 5.6M | 5.7M | 5.9M | 5.8M | 5.5M | 5.6M | 6.2M | 5.2M | 4.2M | 4.1M | 3.7M |
| Change in working capital | -1.1M | -3M | 1.1M | -779K | 1M | -3M | -224K | 1.3M | 264K | -2M | -435K | -984K |
| Operating cash flow | -8.9M | -10.3M | -5.8M | -9.3M | -6.6M | -10M | -8.4M | -7.1M | -8.2M | -7.1M | -10.1M | -5.2M |
| Capital expenditure | -492K | -200K | -451K | -469K | -416K | -111K | -301K | -49K | — | — | — | — |
| Investing cash flow | 987K | -2.8M | -2.5M | -835K | 6.8M | 14.1M | 16.3M | 5.5M | 8.8M | 0 | 0 | 0 |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 0 | -47K | 0 | 0 | 0 | -49K | — | -48K | -24K | -51K | 1.8M | -53K |
| Net change in cash | -7.9M | -13.1M | -8.3M | -10.1M | 147K | 4M | 7.9M | -1.7M | 614K | -7.1M | -8.3M | -5.3M |
| Free cash flow | -9.1M | -8.6M | -12.2M | -6.2M | -7.7M | -6.8M | -13.5M | -4M | -8.3M | -7.1M | -10.1M | -5.2M |