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 24 | -$2.29 | -$2.75 | -20.1% | — | $25.2M | — |
| Q2 24 | -$2.73 | -$2.67 | +2.2% | — | $31.3M | — |
| Q1 24 | -$2.77 | -$2.7 | +2.5% | — | $7.5M | — |
| Q4 23 | -$3.92 | -$3.3 | +15.8% | — | $11.5M | — |
| Q3 23 | -$4.15 | -$9 | -116.9% | — | -$1.7M | — |
| Q2 23 | -$6.7 | -$6 | +10.4% | — | $15.4M | — |
| Q1 23 | -$7.76 | -$7.8 | -0.5% | — | $10.7M | — |
| Q4 22 | -$12.6 | -$11.1 | +12.0% | — | $6.6M | — |
| Q3 22 | -$11.4 | -$8.4 | +26.1% | — | $24.2M | — |
| Q2 22 | -$8.02 | -$7.5 | +6.5% | — | $18.1M | — |
| Q1 22 | -$7.52 | -$6.3 | +16.2% | — | $1.9M | — |
| Q4 21 | -$9.23 | -$6.9 | +25.2% | — | $0 | — |
| Q3 21 | -$7.78 | -$6.6 | +15.2% | — | $0 | — |
| Q2 21 | -$8.76 | -$6 | +31.5% | — | $0 | — |
| Q1 21 | -$7.8 | -$4.2 | +46.2% | — | $0 | — |
| Q4 20 | -$7.07 | -$5.1 | +27.9% | — | $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 % |
|---|---|---|---|---|---|---|
| FY23 | — | -$36.3 | — | — | $35.8M | — |
| FY22 | — | -$53.4 | — | — | $49.7M | — |
| FY21 | — | -$51.9 | — | — | $0 | — |
| FY20 | — | -$35.7 | — | — | $95K | — |
| FY19 | — | -$8.77 | — | — | $482K |
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 |
|---|---|---|---|---|---|---|
| Revenue | $173K | $482K | $95K | $0 | $49.7M | $35.8M |
| YoY change | — | +178.6% | -80.3% | -100% | +InfinityT% | -27.9% |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | Q4 21 | Q1 22 | Q2 22 | Q3 22 | Q4 22 |
|---|
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 |
|---|---|---|---|---|---|---|
| Revenue | 173K | 482K | 95K | 0 | 49.7M | 35.8M |
| Cost of revenue | 50K | 271K | 72K | 0 | 135.7M | 249.9M |
| Gross profit | 123K | 211K | 23K | 0 | -86M | -214.1M |
| Gross margin | 71.1% | 43.8% | 24.2% | — | -172.9% | -597.3% |
| Research & development | 58.4M | 67.5M | 185.6M | 293M | 270.5M | 208.2M |
| Selling, general & administrative | 12.2M | 20.7M | 182.7M | 400.6M | 346.2M | 198.8M |
| Operating expenses | 70.6M | 88.2M | 368.3M | 693.5M | 616.7M | 435.8M |
| Operating income | -70.5M | -88M | -368.3M | -693.5M | -702.6M | -649.8M |
| Operating margin | -40.7K% | -18.3K% | -387.7K% | — | -1.4K% | -1.8K% |
| Non-operating income, net | 3.5M | -2M | -3.1M | 7.2M | 2.9M | -122.3M |
| Pretax income | -66.3M | -88.5M | -371.3M | -686.9M | -717.5M | -848.2M |
| Income tax | -2M | 151K | -1M | 4K | 6K | 12K |
| Net income | -64.3M | -88.7M | -370.9M | -690.4M | -784.2M | -966.3M |
| Net margin | -37.2K% | -18.4K% | -390.4K% | — | -1.6K% | -2.7K% |
| EBITDA | -73.4M | -82.3M | -360M | -681.2M | -680.9M | -776.5M |
| EPS | -5.36 | -8.77 | -35.7 | -51.9 | -53.4 | -36.3 |
| Diluted EPS | -5.36 | -8.77 | -35.7 | -52.2 | -53.4 | -36.3 |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | Q4 21 | Q1 22 | Q2 22 | Q3 22 | Q4 22 | Q1 23 | Q2 23 | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 1.9M | 18.1M | 24.2M | 6.6M | 10.7M | 15.4M | -1.7M | 11.5M | 7.5M | 31.3M | 25.2M |
| Cost of revenue | 0 | 1.5M | 47.4M | 54.4M | 52.3M | 33.4M | 43M | 123.8M | 49.8M | 65.1M | 86M | 87.1M |
| Gross profit | 0 | 431K | -29.3M | -30.2M | -45.8M | -22.7M | -27.6M | -125.5M | -38.2M | -57.6M | -54.7M | -61.9M |
| Gross margin | — | 22.8% | -161.3% | -124.5% | -697.3% | -212.6% | -179.9% | 7.2K% | -331.6% | -768% | -174.7% | -246% |
| Research & development | 91.2M | 74.6M | 63.1M | 66.7M | 69.4M | 61.8M | 64.5M | 42M | 39.9M | 39.5M | 40.2M | 41.8M |
| Selling, general & administrative | 71.5M | 77.2M | 79.9M | 132.9M | 80.2M | 42.7M | 58.8M | 58M | 39.3M | 48.3M | 36.2M | 41.6M |
| Operating expenses | 162.7M | 151.7M | 143M | 199.5M | 149.7M | 104.5M | 141M | 100.7M | 89.6M | 87.8M | 76.4M | 83.4M |
| Operating income | -162.7M | -151.3M | -172.2M | -229.7M | -195.4M | -127.2M | -168.6M | -226.2M | -127.8M | -145.4M | -131.1M | -145.4M |
| Operating margin | — | -8K% | -949.8% | -947.6% | -3K% | -1.2K% | -1.1K% | 13.1K% | -1.1K% | -1.9K% | -418.7% | -577.3% |
| Non-operating income, net | 4.1M | 1.4M | 3.3M | 3.2M | -5.1M | 190K | 45M | -146.7M | -20.9M | 76K | 2.4M | -43.7M |
| Pretax income | -158.9M | -150.1M | -171.7M | -234.2M | -207.5M | -136.8M | -132.4M | -425.5M | -153.5M | -147.6M | -132.7M | -200M |
| Income tax | 0 | 0 | 2K | 1K | 3K | 0 | 0 | 1K | 11K | 0 | 92K | 0 |
| Net income | -159.4M | -152.9M | -173M | -236.2M | -222.1M | -169.1M | -217.8M | -425.8M | -153.6M | -147.7M | -133.7M | -199.8M |
| Net margin | — | -8.1K% | -954% | -974.5% | -3.4K% | -1.6K% | -1.4K% | 24.6K% | -1.3K% | -2K% | -426.8% | -793.4% |
| EBITDA | -156.5M | -146.4M | -165.7M | -220.3M | -196.9M | -120.8M | -167.8M | -356.7M | -131M | -133.9M | -116.1M | -143.1M |
| EPS | -11.7 | -11.1 | -12.3 | -16.2 | -13.8 | -9.3 | -9.22 | -14.9 | -4.2 | -3.3 | -2.86 | -3.89 |
| Diluted EPS | -11.7 | -11.1 | -12.3 | -16.2 | -13.8 | -9.3 | -9.22 | -14.9 | -4.2 | -3.3 | -2.86 | -3.89 |
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 | Current |
|---|---|---|---|---|---|---|---|
| Market cap | — | — | — | — | — | — | 310.4K |
| Enterprise value | — | — | — | — | — | — | -179.5M |
| Shares outstanding | 12M | 12M | 11.2M | 13.3M | 14.7M | 26.7M | 26.7M |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | Current |
|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | -0 |
| P/S | — | — | — | — | — | — | 0.01 |
| P/B | — | — | — | — | — | — | 0 |
| EV/EBITDA | — | — | — | — | — | — | 0.23 |
| EV/Sales | — | — | — | — | — | — | -5.01 |
| Earnings yield | — | — | — | — | — | — | -518.6K% |
| FCF yield | — | — | — | — | — | — | -311.4K% |
| PEG | — | — | — | — | — | — | 0 |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | Current |
|---|---|---|---|---|---|---|---|
| Gross margin | 71.1% | 43.8% | 24.2% | — | -172.9% | -597.3% | -246% |
| Operating margin | -40.7K% | -18.3K% | -387.7K% | — | -1.4K% | -1.8K% | -2.2K% |
| Net margin | -37.2K% | -18.4K% | -390.4K% | — | -1.6K% | -2.7K% | -597.3% |
| ROE | — | -45.3% | -37.8% | -99.5% | -149% | -134.4% | -134.4% |
| ROA | — | -38.6% | -35.2% | -69.8% | -63.4% | -75.8% | -75.8% |
| ROIC | — | -76.8% | -232.6% | -309.9% | -106.4% | -120.5% | -103% |
| Return on tangible assets | — | -94.4% | -39.3% | -88% | -75.5% | -88.4% | -68.1% |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | Current |
|---|---|---|---|---|---|---|---|
| Current ratio | — | 5.5 | 17.2 | 2.91 | 1.14 | 2.2 | 1.17 |
| Quick ratio | — | 5.38 | 17.2 | 2.84 | 0.85 | 1.96 | 0.94 |
| Debt / equity | — | 0.02 | 0.02 | 0.04 | 0.68 | 0.4 | 0.01 |
| Debt / assets | — | 0.02 | 0.02 | 0.03 | 0.29 | 0.22 | 0.34 |
| Net debt / EBITDA | — | 0.98 | 2.28 | 0.69 | -0.2 | 0.23 | -0.29 |
| Interest coverage | — | — | — | -1.4K | -39.5 | -10.2 | -28 |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | Current |
|---|---|---|---|---|---|---|---|
| Revenue per share | 0.01 | 0.04 | 0.01 | 0 | 3.38 | 1.34 | 1.34 |
| EPS (basic) | -5.36 | -8.77 | -35.7 | -51.9 | -53.4 | -36.3 | -36.3 |
| EPS (diluted) | -5.36 | -8.77 | -35.7 | -52.2 | -53.4 | -36.3 | -36.3 |
| Book value per share | — | 16.3 | 87.7 | 52.2 | 35.8 | 27 | 7.38 |
| FCF per share | -5.53 | -9.97 | -15.5 | -36.6 | -50.9 | -23.1 | -11.2 |
| Cash per share | — | 7.12 | 75.2 | 37.4 | 15.3 | 17.4 | 3.86 |
| Capex per share | 1.04 | 3.27 | 2 | 13.5 | 11.4 | 4.52 | 1.09 |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | Current |
|---|---|---|---|---|---|---|---|
| Capex / revenue | 7.3K% | 8.2K% | 23.5K% | — | 338.4% | 336.3% | 73.9% |
| Capex / operating cash flow | -19.6% | -46.4% | -14.6% | -59.4% | -28.8% | -16.8% | -8.93% |
| — |
| FY18 | — | -$5.36 | — | — | $173K | — |
| Q1 23 |
|---|
| Q2 23 |
|---|
| Q3 23 |
|---|
| Q4 23 |
|---|
| Q1 24 |
|---|
| Q2 24 |
|---|
| Q3 24 |
|---|
| Revenue | $0 | $1.9M | $18.1M | $24.2M | $6.6M | $10.7M | $15.4M | -$1.7M | $11.5M | $7.5M | $31.3M | $25.2M |
| YoY change | 0% | +InfinityT% | +InfinityT% | +InfinityT% | +InfinityT% | +465.8% | -15.3% | -107.1% | +75.7% | -29.8% | +103.9% | +1.6K% |
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 |
|---|---|---|---|---|---|
| Cash & short-term investments | 85.7M | 840.9M | 497.2M | 225.8M | 464.7M |
| Receivables | 658K | 0 | 0 | 31.6M | 18M |
| Inventory | 1.9M | 0 | 11.6M | 111.9M | 62.6M |
| Total current assets | 90.9M | 896.9M | 524.7M | 436.9M | 572.4M |
| Property, plant & equipment | 20.1M | 71.4M | 144M | 290M | 263.5M |
| Goodwill & intangibles | 135.5M | 110.6M | 204.8M | 198.3M | 182.2M |
| Total assets | 229.4M | 1.1B | 989.8M | 1.2B | 1.3B |
| Accounts payable | 5.1M | 29.4M | 87M | 93.2M | 44.1M |
| Short-term debt | 660K | 5.2M | 140K | 63.7M | 10.8M |
| Total current liabilities | 16.5M | 52.3M | 180.6M | 383.6M | 260.1M |
| Long-term debt | 4.1M | 14M | 27.3M | 296.2M | 274M |
| Total liabilities | 33.9M | 73.6M | 296.2M | 710.2M | 555.7M |
| Shareholders' equity | 195.5M | 980.1M | 693.6M | 526.5M | 719.2M |
| Total debt | 4.8M | 19.1M | 27.4M | 359.9M | 284.9M |
| Net debt | -80.9M | -821.8M | -469.8M | 134M | -179.9M |
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 21 | Q1 22 | Q2 22 | Q3 22 | Q4 22 | Q1 23 | Q2 23 | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 497.2M | 360.1M | 441.8M | 315.7M | 225.8M | 121.1M | 226.7M | 362.9M | 464.7M | 345.6M | 256.3M | 198.3M |
| Receivables | 0 | 1.3M | 16.7M | 37.7M | 31.6M | 27.6M | 20M | 10.7M | 18M | 23.9M | 39.8M | 51.8M |
| Inventory | 11.6M | 25.8M | 52.1M | 81.1M | 111.9M | 123.6M | 86.6M | 57M | 62.6M | 61.3M | 62.1M | 76.1M |
| Total current assets | 524.7M | 419M | 545.4M | 486.9M | 436.9M | 330.8M | 406.9M | 470.7M | 572.4M | 469.3M | 430.1M | 391.5M |
| Property, plant & equipment | 144M | 133M | 184.5M | 237.3M | 290M | 339.4M | 346.5M | 307.1M | 263.5M | 243.6M | 253.2M | 249.4M |
| Goodwill & intangibles | 204.8M | 204.8M | 201.3M | 197.7M | 198.3M | 197.2M | 189.6M | 185.9M | 182.2M | 178.5M | 174.8M | 104.3M |
| Total assets | 989.8M | 910.4M | 1.2B | 1.2B | 1.2B | 1.2B | 1.1B | 1.1B | 1.3B | 1.2B | 1.1B | 1B |
| Accounts payable | 87M | 77.5M | 87.5M | 92.5M | 93.2M | 78M | 45.8M | 48.8M | 44.1M | 44.9M | 55.6M | 57.2M |
| Short-term debt | 140K | 507K | 9.5M | 14.4M | 63.7M | 24.7M | 15.6M | 41.6M | 10.8M | 8.7M | 14.7M | 76M |
| Total current liabilities | 180.6M | 183.6M | 253.6M | 277.6M | 383.6M | 276.5M | 233.1M | 293.1M | 260.1M | 271.3M | 281.3M | 335.8M |
| Long-term debt | 27.3M | 27.6M | 275.7M | 288.7M | 296.2M | 324M | 353.5M | 237.4M | 274M | 273.6M | 273.8M | 276.8M |
| Total liabilities | 296.2M | 288.2M | 567.7M | 595.4M | 710.2M | 612.5M | 614.8M | 544.7M | 555.7M | 565.9M | 586.4M | 656.8M |
| Shareholders' equity | 693.6M | 622.2M | 599.3M | 564M | 526.5M | 545.9M | 522.7M | 603.6M | 719.2M | 586.3M | 523.6M | 379.2M |
| Total debt | 27.4M | 28.1M | 285.2M | 303M | 359.9M | 348.6M | 369.1M | 279M | 284.9M | 282.3M | 288.5M | 352.8M |
| Net debt | -469.8M | -332M | -156.6M | -12.7M | 134M | 227.5M | 142.4M | -83.8M | -179.9M | -63.4M | 32.1M | 154.5M |
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 |
|---|---|---|---|---|---|---|
| Net income | -64.3M | -88.7M | -370.9M | -690.4M | -738.1M | -864.6M |
| Depreciation & amortization | 625K | 2.3M | 6M | 8.2M | 22.8M | 35.9M |
| Stock-based compensation | 3.8M | 4.9M | 138M | 205.7M | 252.4M | 75.4M |
| Change in working capital | -1.9M | -11.5M | 30.3M | 121.4M | -138.6M | -3.9M |
| Operating cash flow | -64M | -84.6M | -152.9M | -301.6M | -585.2M | -717.7M |
| Capital expenditure | -12.6M | -39.3M | -22.3M | -179.3M | -168.3M | -120.5M |
| Investing cash flow | -15.4M | -39.3M | -31.1M | -207.5M | -225.6M | -66.7M |
| Dividends paid | — | — | — | — | — | — |
| Share repurchases | -1.4M | -31.4M | 0 | 0 | — | — |
| Financing cash flow | 211.7M | 35.8M | 666.9M | 182.8M | 594M | 735.6M |
| Net change in cash | 132.3M | -88.1M | 482.8M | -326.3M | -216.8M | -48.9M |
| Free cash flow | -66.6M | -119.9M | -172.9M | -486.4M | -749.8M | -616.7M |
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 21 | Q1 22 | Q2 22 | Q3 22 | Q4 22 | Q1 23 | Q2 23 | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -159.4M | -152.9M | -173M | -236.2M | -222.1M | -145.3M | -140M | -425.8M | -51.9M | -147.7M | -133.7M | -199.8M |
| Depreciation & amortization | 2.3M | 3.1M | 6.6M | 6.8M | 6.8M | 6.2M | 6.4M | 16.2M | 7.1M | 10.6M | 11.1M | 11.7M |
| Stock-based compensation | 53.7M | 53.5M | 54.8M | 102.8M | 44.2M | 24.5M | 25.8M | 18.7M | 6.5M | 8.8M | 8M | 8.6M |
| Change in working capital | -15.5M | -26.7M | -36.2M | -57M | -15.9M | -42.8M | 6.9M | -14M | -13.6M | -7.2M | -33.2M | -33.6M |
| Operating cash flow | -111.3M | -122.9M | -145.2M | -177M | -179.3M | -146.8M | -94.4M | -389.2M | -146.8M | -129M | -142.8M | -207M |
| Capital expenditure | -65.6M | -30.1M | -37.2M | -51.1M | -52.3M | -50.5M | -37.2M | -20.7M | -12.1M | -16.5M | -13.7M | -13.6M |
| Investing cash flow | -65.6M | -33.5M | -56.9M | -51.1M | -51.3M | -50.5M | -2.3M | -115K | -11.1M | 4.9M | -13.7M | -13.6M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 115.5M | 27.3M | 343.2M | 104.1M | 108.5M | 115.5M | 207.6M | 178.1M | 215.2M | -5.1M | 52.6M | 93.5M |
| Net change in cash | -61.4M | -129M | 141.2M | -124M | -122.1M | -81.8M | 110.9M | -211.3M | 57.3M | -129.1M | -103.8M | -127.1M |
| Free cash flow | -177.4M | -161.4M | -179.7M | -208.8M | -197.5M | -226.5M | -148.3M | -111.9M | -129.9M | -132.1M | -148.3M | -162.9M |