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 | -$0.19 | -$0.18 | +5.3% | — | $22.8M | — |
| Q4 25 | -$0.15 | -$0.08 | +46.7% | — | $26.6M | — |
| Q3 25 | -$0.19 | -$0.11 | +42.1% | — | $27.4M | — |
| Q2 25 | -$0.22 | -$0.26 | -18.2% | — | $23.5M | — |
| Q1 25 | -$0.24 | -$0.21 | +12.5% | — | $22.5M | — |
| Q4 24 | -$0.22 | -$0.18 | +18.2% | — | $21.5M | — |
| Q3 24 | -$0.27 | -$0.19 | +29.6% | — | $21.1M | — |
| Q2 24 | -$0.3 | -$0.26 | +13.3% | — | $19.3M | — |
| Q1 24 | -$0.32 | -$0.32 | 0.0% | — | $18.1M | — |
| Q4 23 | -$0.32 | -$0.23 | +28.1% | — | $18M | — |
| Q3 23 | -$0.41 | -$0.28 | +31.7% | — | $16.4M | — |
| Q2 23 | -$0.46 | -$0.36 | +21.7% | — | $16.5M | — |
| Q1 23 | -$0.46 | -$0.41 | +10.9% | — | $14.5M | — |
| Q4 22 | -$0.49 | -$0.45 | +8.2% | — | $12.8M | — |
| Q3 22 | -$0.53 | -$0.48 | +9.4% | — | $11.2M | — |
| Q2 22 | -$0.44 | -$0.52 | -18.2% | — | $10.2M | — |
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 | — | -$0.66 | — | — | $100M | — |
| FY24 | — | -$0.93 | — | — | $79.9M | — |
| FY23 | — | -$1.27 | — | — | $65.4M | — |
| FY22 | — | -$1.91 | — | — | $45.5M | — |
| FY21 | — | -$2.17 |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Revenue | $37M | $41.1M | $45.2M | $45.5M | $65.4M | $79.9M | $100M |
| YoY change | — | +11.3% | +9.83% | +0.75% | +43.7% | +22.1% | +25.1% |
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 |
|---|
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Revenue | 37M | 41.1M | 45.2M | 45.5M | 65.4M | 79.9M | 100M |
| Cost of revenue | 10.5M | 10.9M | 11.7M | 13M | 17.3M | 20.8M | 22.8M |
| Gross profit | 26.5M | 30.3M | 33.4M | 32.5M | 48.1M | 59.1M | 77.2M |
| Gross margin | 71.6% | 73.6% | 74% | 71.4% | 73.6% | 73.9% | 77.2% |
| Research & development | 18.3M | 15.7M | 18.2M | 21.9M | 20.8M | 23.7M | 27.9M |
| Selling, general & administrative | 30.2M | 27.6M | 39M | 51.3M | 54.5M | 57.1M | 65.7M |
| Operating expenses | 48.5M | 43.3M | 57.2M | 73.3M | 75.3M | 80.8M | 93.6M |
| Operating income | -22M | -13.1M | -23.7M | -40.8M | -27.2M | -21.7M | -16.3M |
| Operating margin | -59.6% | -31.7% | -52.5% | -89.6% | -41.5% | -27.1% | -16.3% |
| Non-operating income, net | 1.3M | 218K | -5.4M | -337K | -315K | 304K | -486K |
| Pretax income | -30M | -24.3M | -36.1M | -47.1M | -33M | -27.1M | -21.5M |
| Income tax | — | — | — | — | — | — | — |
| Net income | -30M | -24.3M | -36.1M | -47.1M | -33M | -27.1M | -21.5M |
| Net margin | -81.1% | -59% | -79.9% | -103.4% | -50.4% | -34% | -21.5% |
| EBITDA | -20.1M | -12.5M | -28.4M | -36.6M | -22.8M | -16.6M | -12.1M |
| EPS | -2.7 | -2.17 | -2.17 | -1.91 | -1.27 | -0.93 | -0.66 |
| Diluted EPS | -2.7 | -2.17 | -2.17 | -1.91 | -1.27 | -0.93 | -0.66 |
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 | 16.4M | 18M | 18.1M | 19.3M | 21.1M | 21.5M | 22.5M | 23.5M | 27.4M | 26.6M | 22.1M | 22.8M |
| Cost of revenue | 4.2M | 4.5M | 4.8M | 5.1M | 5.6M | 5.3M | 5.2M | 5.4M | 6.2M | 6M | 4M | 3.9M |
| Gross profit | 12.2M | 13.5M | 13.3M | 14.1M | 15.4M | 16.2M | 17.3M | 18.1M | 21.2M | 20.6M | 18M | 18.9M |
| Gross margin | 74.5% | 75.2% | 73.6% | 73.4% | 73.2% | 75.4% | 77% | 77.1% | 77.4% | 77.4% | 81.8% | 82.8% |
| Research & development | 4.8M | 5.4M | 5.8M | 6.1M | 5.8M | 6M | 7.4M | 6.8M | 6.6M | 7M | 7.2M | 6.9M |
| Selling, general & administrative | 13.4M | 13.2M | 15.1M | 14.3M | 13.9M | 13.8M | 15M | 18.1M | 17.2M | 15.3M | 16.4M | 17.2M |
| Operating expenses | 18.2M | 18.6M | 20.9M | 20.4M | 19.7M | 19.8M | 22.5M | 25M | 23.8M | 22.3M | 23.6M | 24M |
| Operating income | -6M | -5.1M | -7.5M | -6.2M | -4.2M | -3.7M | -5.1M | -6.8M | -2.6M | -1.8M | -5.6M | -5.1M |
| Operating margin | -36.2% | -28% | -41.6% | -32.4% | -20.1% | -17% | -22.9% | -29% | -9.51% | -6.65% | -25.2% | -22.5% |
| Non-operating income, net | 115K | 265K | 51K | 120K | 219K | -86K | -82K | -486K | 82K | 0 | -165K | -41K |
| Pretax income | -7.3M | -6.2M | -8.9M | -7.5M | -5.5M | -5.3M | -6.6M | -8.7M | -3.5M | -2.7M | -6.7M | -6.2M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — |
| Net income | -7.3M | -6.2M | -8.9M | -7.5M | -5.5M | -5.3M | -6.6M | -8.7M | -3.5M | -2.7M | -6.7M | -6.2M |
| Net margin | -44.2% | -34.4% | -49.2% | -39% | -25.9% | -24.5% | -29.3% | -36.8% | -12.8% | -10.3% | -30.3% | -27.2% |
| EBITDA | -4.7M | -3.6M | -6.2M | -4.9M | -2.8M | -2.6M | -4M | -6.1M | -1.4M | -607K | -4.7M | -4.1M |
| EPS | -0.28 | — | -0.32 | -0.26 | -0.19 | -0.18 | -0.21 | -0.26 | -0.11 | -0.08 | -0.2 | -0.18 |
| Diluted EPS | -0.28 | — | -0.32 | -0.26 | -0.19 | -0.18 | -0.21 | -0.26 | -0.11 | -0.08 | -0.2 | -0.18 |
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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Market cap | — | — | — | — | 266.5M | — | — | 485.7M |
| Enterprise value | — | — | — | — | 272.5M | — | — | 503.9M |
| Shares outstanding | 11.1M | 11.1M | 16.6M | 24.6M | 25.9M | 29.1M | 32.7M | 32.7M |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | -21.5 |
| P/S | — | — | — | — | 4.07 | — | — | 4.54 |
| P/B | — | — | — | — | 12.9 | — | — | 40.8 |
| EV/EBITDA | — | — | — | — | -11.9 | — | — | -42.4 |
| EV/Sales | — | — | — | — | 4.16 | — | — | 4.71 |
| Earnings yield | — | — | — | — | — | — | — | -4.66% |
| FCF yield | — | — | — | — | -7.46% | — | — | -0.54% |
| PEG | — | — | — | — | — | — | — | 0.7 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Gross margin | 71.6% | 73.6% | 74% | 71.4% | 73.6% | 73.9% | 77.2% | 82.8% |
| Operating margin | -59.6% | -31.7% | -52.5% | -89.6% | -41.5% | -27.1% | -16.3% | -22.5% |
| Net margin | -81.1% | -59% | -79.9% | -103.4% | -50.4% | -34% | -21.5% | -17.9% |
| ROE | 23.2% | 16.4% | -49.1% | -135.4% | -159.6% | -338.7% | -112.8% | -103.3% |
| ROA | -142.1% | -43.4% | -27% | -41.3% | -30.6% | -28.7% | -20.3% | -7.47% |
| Return on tangible assets | -142.1% | -43.4% | -27% | -41.3% | -30.6% | -28.7% | -20.3% | -19.7% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Current ratio | 0.27 | 5.69 | 14.3 | 8.9 | 5.71 | 5.37 | 5.28 | 4.94 |
| Quick ratio | 0.16 | 4.97 | 13.4 | 8.02 | 5.02 | 4.48 | 4.33 | 3.91 |
| Debt / equity | -0.49 | -0.36 | 0.68 | 2.01 | 3.51 | 9.15 | 3.72 | 5.88 |
| Debt / assets | 2.98 | 0.94 | 0.37 | 0.61 | 0.67 | 0.77 | 0.67 | 0.72 |
| Net debt / EBITDA | -2.88 | -1.18 | 2.32 | 0.21 | -0.26 | -1.24 | -0.81 | -1.69 |
| Interest coverage | -2.16 | -1.11 | -3.87 | -5.25 | -2.87 | -2.08 | -1.88 | -2.03 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Revenue per share | 3.33 | 3.71 | 2.72 | 1.85 | 2.53 | 2.74 | 3.06 | 3.19 |
| EPS (basic) | -2.7 | -2.17 | -2.17 | -1.91 | -1.27 | -0.93 | -0.66 | -0.66 |
| EPS (diluted) | -2.7 | -2.17 | -2.17 | -1.91 | -1.27 | -0.93 | -0.66 | -0.47 |
| Book value per share | -11.6 | -13.3 | 4.43 | 1.41 | 0.8 | 0.28 | 0.58 | 0.35 |
| FCF per share | -2.3 | -1.95 | -1.5 | -1.52 | -0.77 | -0.63 | -0.35 | -0.34 |
| Cash per share | 0.46 | 3.43 | 6.96 | 3.15 | 2.57 | 1.81 | 1.87 | 1.51 |
| Capex per share | 0.04 | 0.01 | 0.02 | 0.02 | 0.01 | 0.01 | — | — |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Capex / revenue | 1.26% | 0.15% | 0.85% | 1.32% | 0.26% | 0.38% | — | — |
| Capex / operating cash flow | -1.79% | -0.29% | -1.25% | -1.64% | -0.71% | -1.8% | — | — |
| Payout ratio | — | — | — | — | — | — | — | 0% |
| — |
| — |
| $45.2M |
| — |
| FY20 | — | -$2.17 | — | — | $41.1M | — |
| FY19 | — | -$2.7 | — | — | $37M | — |
| Q1 24 |
|---|
| Q2 24 |
|---|
| Q3 24 |
|---|
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $16.4M | $18M | $18.1M | $19.3M | $21.1M | $21.5M | $22.5M | $23.5M | $27.4M | $26.6M | $22.1M | $22.8M |
| YoY change | +47.2% | +40.8% | +25.2% | +16.6% | +28.2% | +19.2% | +24.3% | +22.1% | +29.9% | +23.9% | -2.02% | -2.95% |
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 | 5.1M | 38.1M | 115.6M | 77.4M | 66.5M | 52.8M | 61.1M |
| Receivables | 6M | 8.4M | 7.1M | 7.5M | 12.3M | 12.9M | 14.7M |
| Inventory | 7.9M | 6.9M | 7.8M | 9.7M | 11.2M | 13.4M | 16.9M |
| Total current assets | 20.3M | 54.6M | 132.8M | 97.7M | 92.7M | 81.3M | 94.1M |
| Property, plant & equipment | 810K | 515K | 603K | 15.9M | 14.4M | 12.9M | 11.3M |
| Goodwill & intangibles | — | — | — | — | — | — | — |
| Total assets | 21.1M | 56M | 133.6M | 114.1M | 107.7M | 94.6M | 105.6M |
| Accounts payable | 903K | 949K | 1.4M | 2.1M | 2.3M | 3M | 2.2M |
| Short-term debt | 62.8M | 2M | — | 1.4M | 1.6M | 1.9M | 2.1M |
| Total current liabilities | 75.1M | 9.6M | 9.3M | 11M | 16.2M | 15.2M | 17.8M |
| Long-term debt | — | 50.8M | 49.8M | 68.4M | 70.8M | 71.5M | 68.7M |
| Total liabilities | 150.4M | 203.8M | 60.1M | 79.3M | 87M | 86.6M | 86.5M |
| Shareholders' equity | -129.3M | -147.8M | 73.5M | 34.8M | 20.7M | 8M | 19M |
| Total debt | 62.8M | 52.9M | 49.8M | 69.8M | 72.4M | 73.3M | 70.8M |
| Net debt | 58.7M | 26.5M | 30.7M | 63.2M | 54.3M | 59.9M | 49.1M |
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 | — | — | — | — | — | — | — | — | 60M | 61.1M | 54M | 51.7M |
| Receivables | — | — | — | — | — | — | — | — | 14.9M | 14.7M | 14.8M | 14.9M |
| Inventory | — | — | — | — | — | — | — | — | 18.1M | 16.9M | 16.7M | 18.1M |
| Total current assets | — | — | — | — | — | — | — | — | 95.3M | 94.1M | 87M | 86.2M |
| Property, plant & equipment | — | — | — | — | — | — | — | — | 11.7M | 11.3M | 11M | 10.5M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | — | — | — | — | — | — | — | — | 107.3M | 105.6M | 98.9M | 97M |
| Accounts payable | — | — | — | — | — | — | — | — | 4.6M | 2.2M | 4.5M | 4.2M |
| Short-term debt | — | — | — | — | — | — | — | — | 2.1M | 2.1M | 2.2M | 2.3M |
| Total current liabilities | — | — | — | — | — | — | — | — | 19.6M | 17.8M | 16.2M | 17.4M |
| Long-term debt | — | — | — | — | — | — | — | — | 69.1M | 68.7M | 68.3M | 67.7M |
| Total liabilities | — | — | — | — | — | — | — | — | 88.7M | 86.5M | 84.4M | 85.1M |
| Shareholders' equity | — | — | — | — | — | — | — | — | 18.5M | 19M | 14.5M | 11.9M |
| Total debt | — | — | — | — | — | — | — | — | 71.2M | 70.8M | 70.5M | 69.9M |
| Net debt | — | — | — | — | — | — | — | — | 50.5M | 49.1M | 55.7M | 57.4M |
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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Net income | -30M | -24.3M | -36.1M | -47.1M | -33M | -27.1M | -21.5M |
| Depreciation & amortization | 421K | 312K | 296K | 3M | 1.6M | 1.8M | 1.9M |
| Stock-based compensation | 1.4M | 1.4M | 4.3M | 8.3M | 9.6M | 10.3M | 11.1M |
| Change in working capital | -1.8M | -1.5M | -187K | -4M | -6.6M | -4.4M | -8.5M |
| Operating cash flow | -25.9M | -21.2M | -30.6M | -36.7M | -24.4M | -17M | -11M |
| Capital expenditure | -464K | -62K | -384K | -603K | -173K | -306K | — |
| Investing cash flow | 3.6M | -10.8M | -85.4M | 23.8M | 23M | 9M | 0 |
| Dividends paid | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | -49.5M |
| Financing cash flow | 21.3M | 55M | 101.6M | -406K | 7.3M | 2.4M | 17.7M |
| Net change in cash | -917K | 23M | -14.4M | -13.3M | 6M | -5.6M | 6.7M |
| Free cash flow | -25.5M | -21.7M | -25M | -37.5M | -19.9M | -18.3M | -11.3M |
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 | 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 | -7.3M | -6.2M | -8.9M | -7.5M | -5.5M | -5.3M | -6.6M | -8.7M | -3.5M | -2.7M | -6.7M | -6.2M |
| Depreciation & amortization | 398K | 409K | 423K | 444K | 451K | 451K | 462K | 477K | 487K | 522K | 513K | 530K |
| Stock-based compensation | 2.4M | 2.4M | 2.5M | 2.5M | 2.6M | 2.6M | 2.6M | 3.2M | 2.6M | 2.6M | 2.3M | 2.3M |
| Change in working capital | -1.5M | 624K | 769K | -984K | -1.7M | -2.5M | -2.2M | -641K | -3.8M | -1.9M | 1.7M | -2.4M |
| Operating cash flow | -4.9M | -1.7M | -4.1M | -4.5M | -3.9M | -4.4M | -5.4M | -2.1M | -1.9M | 506K | -5.9M | -3.9M |
| Capital expenditure | -9K | -32K | -104K | -63K | -100K | -39K | -37K | — | — | — | — | — |
| Investing cash flow | 4.2M | 3.5M | 2.4M | 3.2M | 1.4M | 2M | -37K | 0 | 0 | 0 | — | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | -49.5M | 0 | 0 | 0 | 0 | 0 |
| Financing cash flow | -35K | -223K | -649K | -72K | 2.9M | 253K | 20.7M | -735K | -236K | -88K | -176K | -201K |
| Net change in cash | -756K | 1.5M | -2.4M | -1.4M | 356K | -2.2M | 15.3M | -2.8M | -2.2M | 418K | -6.1M | -4.1M |
| Free cash flow | -2.3M | -3.4M | -7.6M | -4M | -1.8M | -4.8M | -7.5M | -2.3M | -2M | 409K | -6M | -4M |