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 | -$0.12 | -$0.17 | -41.7% | — | $4.2M | — |
| Q1 26 | -$0.15 | -$0.17 | -13.3% | — | $4.3M | — |
| Q4 25 | -$0.17 | -$0.15 | +11.8% | — | — | — |
| Q3 25 | -$0.15 | -$0.17 | -13.3% | — | — | — |
| Q2 25 | -$0.15 | -$0.15 | 0.0% | — | — | — |
| Q1 25 | -$0.15 | -$0.17 | -13.3% | — | $2.8M | — |
| Q3 24 | -$0.15 | -$0.15 | 0.0% | — | — | — |
| Q2 24 | -$0.15 | -$0.14 | +6.7% | — | $2.7M | — |
| Q1 24 | -$0.26 | -$0.21 | +19.2% | — | $2.6M | — |
| Q4 23 | -$0.3 | -$0.37 | -23.3% | — | — | — |
| Q3 23 | -$0.26 | -$0.31 | -19.2% | — | — | — |
| Q2 23 | -$0.34 | -$0.21 | +38.2% | — | — | — |
| Q1 23 | -$0.43 | -$0.86 | -100.0% | — | — | — |
| Q4 22 | -$0.42 | -$0.37 | +11.9% | — | — | — |
| Q3 22 | -$0.25 | -$0.38 | -52.0% | — | — | — |
| Q2 22 | -$0.22 | -$0.41 | -86.4% | — | — | — |
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 | — | -$1.16 | — | — | $13M | — |
| FY24 | — | -$0.91 | — | — | $11.3M | — |
| FY23 | — | -$1.08 | — | — | $9.9M | — |
| FY22 | — | -$2.01 | — | — | $8.6M | — |
| 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 | $0 | $0 | $0 | $1.3M | $8.6M | $9.9M | $11.3M | $13M |
| YoY change | — | 0% | 0% | +InfinityT% | +557.8% | +15.5% | +13.9% | +15.4% |
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 | 0 | 0 | 0 | 1.3M | 8.6M | 9.9M | 11.3M | 13M |
| Cost of revenue | — | 0 | 0 | 2.8M | 15.5M | 16.5M | 21.9M | 25.8M |
| Gross profit | — | 0 | 0 | -1.5M | -6.9M | -6.6M | -10.6M | -12.8M |
| Gross margin | — | — | — | -116% | -80.2% | -66.6% | -94% | -98.2% |
| Research & development | 672K | 2.7M | 9.2M | 17.1M | 26.5M | 26M | 20.2M | 19.2M |
| Selling, general & administrative | 1.2M | 19.8M | 34.5M | 41.7M | 45.3M | 28.4M | 25.7M | 27.1M |
| Operating expenses | 1.9M | 22.5M | 43.7M | 60M | 80M | 53M | 46M | 47.8M |
| Operating income | -1.9M | -22.6M | -43.9M | -61.6M | -87.2M | -59.7M | -56.7M | -60.7M |
| Operating margin | — | — | — | -4.7K% | -1K% | -602.3% | -502.9% | -466.2% |
| Non-operating income, net | — | — | — | — | -30.5M | -3.1M | 2K | -17.5M |
| Pretax income | -1.9M | -22.6M | -43.8M | -61.8M | -116.9M | -61.1M | -53.9M | -76.8M |
| Income tax | — | 0 | 0 | -48K | -3.7M | -339K | -358K | -1.8M |
| Net income | -1.9M | -22.6M | -43.8M | -61.8M | -113.2M | -60.8M | -53.5M | -75M |
| Net margin | — | — | — | -4.7K% | -1.3K% | -613.6% | -474.3% | -576.1% |
| EBITDA | -1.9M | -22.5M | -43.7M | -59.3M | -45.2M | -44.7M | -45M | -31.5M |
| EPS | -0.06 | -0.66 | -1.23 | -1.28 | -2.01 | -1.08 | -0.91 | -1.16 |
| Diluted EPS | -0.06 | -0.66 | -1.23 | -1.28 | -2.01 | -1.08 | -0.91 | -1.16 |
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 | — | — | 2.6M | 2.7M | — | — | 2.8M | 3M | 3.4M | 3.7M | 4.3M | 4.2M |
| Cost of revenue | — | — | 4.6M | 5.6M | — | — | 5.9M | 6.3M | 6.3M | 7.3M | 6.9M | 47.8M |
| Gross profit | — | — | -2.1M | -2.9M | — | — | -3M | -3.2M | -2.9M | -3.6M | -2.6M | -43.7M |
| Gross margin | — | — | -80.5% | -105.7% | — | — | -108.3% | -106.6% | -83.6% | -97.3% | -60% | -1.1K% |
| Research & development | — | — | 5.2M | 4.8M | — | — | 5M | 4.8M | 4.6M | 4.8M | 4.8M | 4.7M |
| Selling, general & administrative | — | — | 5.8M | 6.8M | — | — | 6.1M | 6.4M | 6.8M | 7.9M | 7.4M | 7.3M |
| Operating expenses | — | — | 11.1M | 11.7M | — | — | 11M | 11.3M | 11.4M | 14.1M | 11.9M | 11.8M |
| Operating income | — | — | -13.1M | -14.5M | — | — | -14.1M | -14.5M | -14.2M | -17.9M | -14.5M | -55.5M |
| Operating margin | — | — | -514.1% | -537.5% | — | — | -500.5% | -476.7% | -413% | -480.9% | -337% | -1.3K% |
| Non-operating income, net | -7.4M | -18K | — | — | 2K | 0 | — | — | — | — | -28K | 1K |
| Pretax income | — | — | -12.3M | -13.7M | — | — | -13.3M | -14.6M | -13.8M | -35.1M | -14.2M | -55.5M |
| Income tax | — | — | -94K | -76K | — | — | -86K | 82K | -94K | -1.7M | 76K | -51K |
| Net income | — | — | -12.2M | -13.6M | — | — | -13.2M | -14.7M | -13.7M | -33.4M | -14.3M | -55.5M |
| Net margin | — | — | -479.5% | -503% | — | — | -470.3% | -484.3% | -397% | -897.4% | -330.9% | -1.3K% |
| EBITDA | — | — | -10.2M | -11.6M | — | — | -11.1M | -11.5M | -11.3M | -15M | -11.7M | -52.7M |
| EPS | -0.37 | -0.18 | -0.21 | -0.23 | -0.23 | -0.23 | -0.21 | -0.23 | -0.21 | -0.5 | -0.2 | -0.79 |
| Diluted EPS | -0.37 | -0.18 | -0.21 | -0.23 | -0.23 | -0.23 | -0.21 | -0.23 | -0.21 | -0.5 | -0.2 | -0.79 |
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 | — | — | 1.6B | — | 385.5M | 359.1M | 422.4M | — | 49.7M |
| Enterprise value | — | — | 1.4B | — | 312.5M | 285.1M | 356.7M | — | 21.6M |
| Shares outstanding | 34.2M | 34.2M | 35.7M | 48.2M | 52.2M | 56.4M | 58.7M | 64.8M | 64.8M |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | — | -0.55 |
| P/S | — | — | — | — | 44.9 | 36.3 | 37.4 | — | 3.22 |
| P/B | — | — | 7.06 | — | 1.78 | 1.84 | 2.23 | — | 0.35 |
| EV/EBITDA | — | — | -32.4 | — | -6.91 | -6.37 | -7.92 | — | -0.43 |
| EV/Sales | — | — | — | — | 36.4 | 28.8 | 31.6 | — | 1.38 |
| Earnings yield | — | — | — | — | — | — | — | — | -182.4% |
| FCF yield | — | — | -2.18% | — | -13.1% | -13.4% | -9.32% | — | -62% |
| PEG | — | — | — | — | — | — | — | — | -0 |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Gross margin | — | — | — | -116% | -80.2% | -66.6% | -94% | -98.2% | -1.1K% |
| Operating margin | — | — | — | -4.7K% | -1K% | -602.3% | -502.9% | -466.2% | -355.3% |
| Net margin | — | — | — | -4.7K% | -1.3K% | -613.6% | -474.3% | -576.1% | -98.2% |
| ROE | 29.9% | 257% | -19% | -21.2% | -52.3% | -31.1% | -28.3% | -53.7% | -99% |
| ROA | -102.9% | -190.1% | -18.6% | -17% | -44.6% | -27.8% | -25.5% | -46.3% | -27.9% |
| ROIC | — | 138.3% | -234.6% | -29.4% | -60.7% | -49.1% | -46% | -69% | -207.7% |
| Return on tangible assets | -102.9% | -190.1% | -18.6% | -144% | -199.9% | -105.8% | -76.4% | -179.5% | -187.7% |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 0.21 | 0.48 | 49.1 | 1.8 | 3.29 | 5.71 | 5.63 | 3.96 | 2.84 |
| Quick ratio | 0.21 | 0.48 | 49.1 | 1.8 | 3.29 | 5.56 | 5.52 | 3.77 | 2.59 |
| Debt / equity | 0 | -0.06 | 0.01 | 0.02 | 0.02 | 0.04 | 0.04 | 0.06 | 0.11 |
| Debt / assets | 0 | 0.04 | 0.01 | 0.02 | 0.02 | 0.04 | 0.04 | 0.05 | 0.08 |
| Net debt / EBITDA | 0 | 0.34 | 4.85 | 1.4 | 1.62 | 1.65 | 1.46 | 1.64 | 0.26 |
| Effective tax rate | — | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 0 | 0.03 | 0.16 | 0.18 | 0.19 | 0.2 | 0.23 |
| EPS (basic) | -0.06 | -0.66 | -1.23 | -1.28 | -2.01 | -1.08 | -0.91 | -1.16 | -1.16 |
| EPS (diluted) | -0.06 | -0.66 | -1.23 | -1.28 | -2.01 | -1.08 | -0.91 | -1.16 | -1.72 |
| Book value per share | -0.19 | -0.26 | 6.47 | 6.06 | 4.15 | 3.47 | 3.22 | 2.16 | 1.81 |
| FCF per share | -0.11 | -0.17 | -1 | -1.27 | -0.97 | -0.85 | -0.67 | -0.69 | -0.74 |
| Cash per share | 0 | 0.24 | 5.99 | 1.84 | 1.49 | 1.46 | 1.25 | 0.92 | 0.44 |
| Capex per share | 0 | 0 | 0.39 | 0.48 | 0.14 | 0.06 | 0.05 | — | — |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Capex / revenue | — | — | — | 1.8K% | 83.6% | 33.3% | 24.5% | — | — |
| Capex / operating cash flow | -3.86% | -2.03% | -72% | -59.3% | -6.67% | -6.96% | -7.54% | — | — |
| Payout ratio | — | — | — | — | — | — | — | — | 0% |
| — |
| -$1.28 |
| — |
| — |
| $1.3M |
| — |
| FY20 | — | -$1.23 | — | — | $0 | — |
| FY19 | — | -$0.66 | — | — | $0 | — |
| FY18 | — | -$0.06 | — | — | $0 | — |
| 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 | — | — | $2.6M | $2.7M | — | — | $2.8M | $3M | $3.4M | $3.7M | $4.3M | $4.2M |
| YoY change | — | — | +4.33% | +4.53% | — | — | +10.3% | +12.6% | — | — | +53.1% | +36.7% |
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 | 5K | 8.1M | 213.5M | 88.7M | 77.6M | 82.4M | 73.2M | 59.6M |
| Receivables | — | — | 0 | 1.1M | 977K | 1.5M | 1.8M | 2M |
| Inventory | — | — | — | — | 0 | 2.4M | 1.5M | 3.1M |
| Total current assets | 1.7M | 9.6M | 219.8M | 94.9M | 82.5M | 88.6M | 78.7M | 66.8M |
| Property, plant & equipment | 156K | 754K | 15.4M | 39.2M | 44.7M | 46.9M | 49.2M | 33.2M |
| Goodwill & intangibles | — | — | 0 | 320.3M | 197.3M | 161.2M | 140M | 120.4M |
| Total assets | 1.9M | 11.9M | 236.1M | 363.2M | 253.9M | 218.6M | 210M | 162.2M |
| Accounts payable | 82K | 475K | 435K | 3.1M | 3.6M | 3.3M | 2.2M | 2.9M |
| Short-term debt | — | 140K | 519K | 1M | 740K | 4.4M | 3.8M | 4.1M |
| Total current liabilities | 8.2M | 20.3M | 4.5M | 52.8M | 25.1M | 15.5M | 14M | 16.9M |
| Long-term debt | 0 | 386K | 923K | 4.7M | 3.9M | 4M | 3.6M | 3.8M |
| Total liabilities | 8.2M | 20.6M | 5.4M | 71M | 37.3M | 23.1M | 20.9M | 22.4M |
| Shareholders' equity | -6.4M | -8.8M | 230.7M | 292.1M | 216.7M | 195.5M | 189.1M | 139.7M |
| Total debt | 0 | 526K | 1.4M | 5.8M | 4.6M | 8.4M | 7.4M | 7.9M |
| Net debt | -5K | -7.5M | -212M | -60.9M | -33.8M | -48M | -31.9M | -41.3M |
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 | 95M | 82.4M | 73M | 63.9M | 56.7M | 73.2M | 62.5M | 51.9M | 45.2M | 59.6M | 43.9M | 31M |
| Receivables | 1.2M | 1.5M | 1.4M | 1.5M | 1.5M | 1.8M | 1.7M | 1.9M | 1.9M | 2M | 2.2M | 1.9M |
| Inventory | — | 2.4M | 3M | 957K | 1M | 1.5M | 1.7M | 2.3M | 2.7M | 3.1M | 3.3M | 3.4M |
| Total current assets | 97.6M | 88.6M | 79M | 69.6M | 60.4M | 78.7M | 68M | 57.5M | 51.3M | 66.8M | 51.3M | 39M |
| Property, plant & equipment | 48.1M | 46.9M | 46.7M | 48.6M | 48.6M | 49.2M | 49.2M | 49.8M | 50.4M | 33.2M | 34M | 34.9M |
| Goodwill & intangibles | 166.5M | 161.2M | 155.9M | 150.6M | 145.3M | 140M | 67.3M | 64.7M | 62M | 120.4M | 115.4M | 29M |
| Total assets | 231.3M | 218.6M | 205.9M | 195.7M | 183.9M | 210M | 196.7M | 184.2M | 176.1M | 162.2M | 145.8M | 91.2M |
| Accounts payable | 1.6M | 3.3M | 1.9M | 1.6M | 1.3M | 2.2M | 1.9M | 2.3M | 1.4M | 2.9M | 2.4M | 2.1M |
| Short-term debt | 603K | 4.4M | 4.2M | 4M | 4.1M | 3.8M | 3.9M | 4.2M | 4.1M | 4.1M | 3.9M | 3.9M |
| Total current liabilities | 20M | 15.5M | 13.6M | 13.5M | 13M | 14M | 12.8M | 13.7M | 12.4M | 16.9M | 14.1M | 13.7M |
| Long-term debt | 5.6M | 4M | 3.8M | 3.7M | 3.7M | 3.6M | 3.5M | 3.7M | 3.7M | 3.8M | 3.7M | 3.8M |
| Total liabilities | 29.3M | 23.1M | 20.9M | 20.6M | 20.1M | 20.9M | 19.6M | 20.7M | 19.4M | 22.4M | 19.5M | 18.7M |
| Shareholders' equity | 202M | 195.5M | 185M | 175.1M | 163.9M | 189.1M | 177.2M | 163.6M | 156.7M | 139.7M | 126.3M | 72.5M |
| Total debt | 6.2M | 8.4M | 8M | 7.7M | 7.8M | 7.4M | 7.4M | 8M | 7.9M | 7.9M | 7.6M | 7.7M |
| Net debt | -60.1M | -48M | -36.9M | -31.3M | -30.4M | -31.9M | -33M | -42M | -37.3M | -41.3M | -36.2M | -23.3M |
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 | -1.9M | -22.6M | -43.8M | -61.8M | -113.2M | -60.8M | -53.5M | -75M |
| Depreciation & amortization | 35K | 53K | 208K | 2.3M | 11.5M | 11.8M | 11.7M | 11.7M |
| Stock-based compensation | 115K | 16.2M | 24.8M | 18.8M | 18.6M | 6.8M | 7.3M | 4.2M |
| Change in working capital | -134K | 115K | -542K | 1.7M | -214K | -467K | -1.8M | 1.2M |
| Operating cash flow | -1.9M | -6.2M | -19.4M | -39.1M | -107.4M | -47.5M | -36.7M | -40.8M |
| Capital expenditure | -73K | -125K | -13.9M | -23.2M | -7.2M | -3.3M | -2.8M | — |
| Investing cash flow | -73K | -125K | -13.9M | -116.3M | 14.6M | 35.4M | -20.1M | 33.6M |
| Dividends paid | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — |
| Financing cash flow | 3.7M | 13.7M | 240.4M | 3.8M | -145K | 26.3M | 37.8M | 21.2M |
| Net change in cash | 1.7M | 7.4M | 207.1M | -151.6M | -93M | 14.3M | -18.9M | 14M |
| Free cash flow | -3.7M | -5.6M | -35.5M | -61.2M | -50.6M | -48.1M | -39.4M | -45M |
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 | -21.4M | -10.2M | -12.2M | -13.6M | -13.6M | -14.1M | -13.2M | -14.7M | -13.7M | -33.4M | -14.3M | -55.5M |
| Depreciation & amortization | 2.9M | 3.1M | 2.9M | 2.9M | 2.9M | 2.9M | 2.9M | 2.9M | 3M | 2.8M | 2.8M | 2.8M |
| Stock-based compensation | 2.1M | 1.9M | 1.5M | 2.1M | 2.3M | 1.4M | 1.2M | 1.1M | 1.1M | 814K | 841K | 869K |
| Change in working capital | -2.2M | 1.1M | -1.9M | 8K | -115K | 189K | -345K | 287K | -27K | 1.3M | -1.1M | -372K |
| Operating cash flow | -18.7M | -4.3M | -9.8M | -8.6M | -8.7M | -9.6M | -9.6M | -9.3M | -10.7M | -10.4M | -14M | -11.6M |
| Capital expenditure | -936K | -528K | -141K | -855K | -734K | -1M | -527K | — | — | — | — | — |
| Investing cash flow | 8.7M | 2.6M | -2.1M | 2.5M | 5.7M | -26.3M | 11.3M | 20M | -13.5M | -15K | 10.5M | 10.6M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 0 | 0 | — | — | — | 37.8M | — | — | — | 15.5M | — | — |
| Net change in cash | -10M | -1.7M | -11.9M | -6.1M | -2.9M | 1.9M | 1.7M | 10.7M | -24.2M | 5.1M | -3.5M | -1M |
| Free cash flow | -12.4M | -13M | -9.6M | -9.3M | -8.9M | -11.6M | -10.9M | -10.4M | -12.5M | -11.3M | -15.7M | -12.6M |