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 | -$0.04 | -$0.04 | 0.0% | — | $10.5M | — |
| Q1 26 | -$0.05 | -$0.04 | +20.0% | — | $8.6M | — |
| Q4 25 | -$0.05 | -$0.05 | 0.0% | — | $7.3M | — |
| Q3 25 | -$0.05 | -$0.05 | 0.0% | — | $10.1M | — |
| Q2 25 | -$0.05 | -$0.05 | 0.0% | — | $14.5M | — |
| Q1 25 | -$0.06 | -$0.06 | 0.0% | — | $14M | — |
| Q4 24 | -$0.06 | -$0.06 | 0.0% | — | $18M | — |
| Q3 24 | -$0.06 | -$0.06 | 0.0% | — | $21.7M | — |
| Q2 24 | -$0.07 | -$0.07 | 0.0% | — | $20.5M | — |
| Q4 23 | -$0.05 | -$0.04 | +20.0% | — | $26.1M | — |
| Q3 23 | -$0.05 | -$0.04 | +20.0% | — | $22M | — |
| Q2 23 | -$0.07 | -$0.05 | +28.6% | — | $18.1M | — |
| Q1 23 | -$0.08 | -$0.07 | +12.5% | — | $13.4M | — |
| Q4 22 | -$0.08 | -$0.06 | +25.0% | — | $12.3M | — |
| Q3 22 | -$0.07 | -$0.07 | 0.0% | — | $10.2M | — |
| Q2 22 | -$0.09 | -$0.07 | +22.2% | — | $8.6M | — |
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 | — | -$0.57 | — | — | $45.9M | — |
| FY24 | — | -$0.46 | — | — | $83.3M | — |
| FY23 | — | -$0.86 | — | — | $79.5M | — |
| FY22 | — | $0.56 | — | — | $37.9M | — |
| FY21 | — | -$3.9 | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Revenue | $11.8M | $23.7M | $37.9M | $79.5M | $83.3M | $45.9M |
| YoY change | — | +100.3% | +59.9% | +109.4% | +4.84% | -44.9% |
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 | Q1 24 | Q2 24 | Q3 24 |
|---|
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Revenue | 11.8M | 23.7M | 37.9M | 79.5M | 83.3M | 45.9M |
| Cost of revenue | 8.1M | 13.1M | 26M | 48.4M | 55M | 31.7M |
| Gross profit | 3.7M | 10.7M | 11.9M | 31.1M | 28.3M | 14.2M |
| Gross margin | 31.4% | 45% | 31.5% | 39.1% | 34% | 31% |
| Research & development | 13M | 27.5M | 50.3M | 68.8M | 76M | 49.8M |
| Selling, general & administrative | 9.5M | 51.4M | 78.4M | 61.6M | 62.9M | 35.2M |
| Operating expenses | 22.5M | 78.8M | 128.7M | 130.4M | 138.9M | 85M |
| Operating income | -18.8M | -68.5M | -123.6M | -118.1M | -129.5M | -89.7M |
| Operating margin | -158.7% | -288.6% | -325.8% | -148.7% | -155.4% | -195.4% |
| Non-operating income, net | — | -83.9M | 172.3M | -33.7M | 40.8M | -26.9M |
| Pretax income | -19M | -152.6M | 50.1M | -146.5M | -88.8M | -115.8M |
| Income tax | 5K | 47K | -22.8M | -517K | -342K | 50K |
| Net income | -19M | -152.7M | 72.9M | -146M | -84.6M | -117M |
| Net margin | -160.7% | -643.3% | 192.1% | -183.7% | -101.6% | -254.7% |
| EBITDA | -18.3M | 16M | -289.3M | -63.4M | -107.5M | -40.4M |
| EPS | -1.17 | -3.9 | 0.56 | -0.86 | -0.46 | -0.57 |
| Diluted EPS | -1.17 | -3.9 | 0.51 | -0.86 | -0.46 | -0.57 |
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 | 22M | 26.1M | 23.2M | 20.5M | 21.7M | 18M | 14M | 14.5M | 10.1M | 7.3M | 8.6M | 10.5M |
| Cost of revenue | 14.9M | 15.1M | 13.7M | 12.5M | 13.1M | 15.8M | 8.7M | 12.2M | 6.3M | 4.5M | 5.4M | 6.5M |
| Gross profit | 7.1M | 11M | 9.5M | 8M | 8.6M | 2.2M | 5.3M | 2.3M | 3.8M | 2.8M | 3.2M | 4.1M |
| Gross margin | 32.3% | 42.2% | 41.1% | 39% | 39.7% | 12.4% | 37.9% | 16.1% | 37.9% | 38.1% | 37.6% | 38.7% |
| Research & development | 16.6M | 18.1M | 20.2M | 19M | 17.8M | 19M | 12.7M | 11.5M | 13.3M | 12.4M | 14.6M | 13.2M |
| Selling, general & administrative | 14.4M | 14.9M | 16.1M | 15.4M | 15M | 16.4M | 11.7M | 7.8M | 5.2M | 10.5M | 11.3M | 13M |
| Operating expenses | 31M | 33M | 36.3M | 34.4M | 32.9M | 35.3M | 24.4M | 19.2M | 18.5M | 22.9M | 25.8M | 26.2M |
| Operating income | -28.6M | -26.8M | -31.6M | -31.1M | -29M | -37.8M | -23.8M | -21.7M | -19.4M | -24.8M | -27.3M | -26.8M |
| Operating margin | -130.3% | -102.8% | -136.2% | -152.1% | -133.6% | -210.1% | -170% | -149.4% | -192% | -340.1% | -317.7% | -255% |
| Non-operating income, net | 34.5M | -8.3M | 26.3M | 8.9M | 10.4M | -6.6M | 7.4M | -27.3M | 82K | -7.1M | -6.7M | -201.6M |
| Pretax income | 7.5M | -33.1M | -3.6M | -22.3M | -18.6M | -44.4M | -16.5M | -48.8M | -18.9M | -31.6M | -33.7M | -228.1M |
| Income tax | 23K | -504K | 70K | 61K | 125K | -598K | 82K | 48K | -19K | -61K | 67K | 71K |
| Net income | 7.5M | -32.6M | -3.7M | -22.3M | -18.7M | -39.9M | -16.8M | -49.1M | -19.2M | -31.8M | -33.8M | -228.2M |
| Net margin | 34.2% | -125% | -15.9% | -109.1% | -86.4% | -221.7% | -120.1% | -338.7% | -190.2% | -436.1% | -392.9% | -2.2K% |
| EBITDA | -57.8M | -13.1M | -52.3M | -34.5M | -33.9M | 14.9M | -25.7M | 11.3M | -13.9M | -12M | -14.9M | 180.4M |
| EPS | 0.04 | -0.18 | -0.02 | -0.12 | -0.1 | -0.21 | -0.09 | -0.25 | -0.09 | -0.14 | -0.15 | -0.95 |
| Diluted EPS | 0.04 | -0.18 | -0.02 | -0.12 | -0.1 | -0.21 | -0.09 | -0.25 | -0.09 | -0.14 | -0.15 | -0.95 |
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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Market cap | — | — | — | — | 655.9M | — | 3.1B |
| Enterprise value | — | — | — | — | 576.5M | — | 2.6B |
| Shares outstanding | 16.2M | 39.2M | 133.7M | 168.9M | 183.7M | 205.6M | 205.6M |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | 13.1 |
| P/S | — | — | — | — | 7.87 | — | 87.7 |
| P/B | — | — | — | — | 1.88 | — | 3.97 |
| EV/EBITDA | — | — | — | — | -5.36 | — | -37.8 |
| EV/Sales | — | — | — | — | 6.92 | — | 72.1 |
| Earnings yield | — | — | — | — | — | — | 7.65% |
| FCF yield | — | — | — | — | -10% | — | -0.12% |
| PEG | — | — | — | — | — | — | 0.05 |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Gross margin | 31.4% | 45% | 31.5% | 39.1% | 34% | 31% | 38.7% |
| Operating margin | -158.7% | -288.6% | -325.8% | -148.7% | -155.4% | -195.4% | -255% |
| Net margin | -160.7% | -643.3% | 192.1% | -183.7% | -101.6% | -254.7% | 31% |
| ROE | 26.3% | -233% | 18.9% | -38.3% | -24.3% | -26.4% | -52.6% |
| ROA | -39.3% | -51.7% | 17.1% | -30.1% | -21.7% | -23.4% | -8.99% |
| ROIC | 17.9% | 35% | -44% | -50% | -48.2% | -42.1% | -39.5% |
| Return on tangible assets | -40.1% | -51.7% | -66.8% | 632.3% | 104.6% | -173.2% | -74.8% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Current ratio | 7.37 | 27.2 | 6.98 | 4.14 | 5.69 | 4.99 | 21.8 |
| Quick ratio | 6.84 | 26 | 6.05 | 3.68 | 4.96 | 4.73 | 21.1 |
| Debt / equity | -0.08 | 0.11 | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 |
| Debt / assets | 0.12 | 0.02 | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 |
| Net debt / EBITDA | 1.8 | -16.4 | 0.36 | 2.28 | 0.74 | 5.7 | -3.96 |
| Interest coverage | — | — | — | — | -591.3 | — | — |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Revenue per share | 0.73 | 0.61 | 0.28 | 0.47 | 0.45 | 0.22 | 0.16 |
| EPS (basic) | -1.17 | -3.9 | 0.56 | -0.86 | -0.46 | -0.57 | -0.57 |
| EPS (diluted) | -1.17 | -3.9 | 0.51 | -0.86 | -0.46 | -0.57 | -1.34 |
| Book value per share | -4.46 | 1.67 | 2.88 | 2.25 | 1.89 | 2.16 | 3.07 |
| FCF per share | -1.28 | -1.12 | -0.37 | -0.27 | -0.36 | -0.22 | -0.28 |
| Cash per share | 2.39 | 6.85 | 0.83 | 0.9 | 0.47 | 1.15 | 2.13 |
| Capex per share | 0.01 | 0.05 | 0.03 | 0.03 | 0.04 | — | — |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Capex / revenue | 1.88% | 8.71% | 12.2% | 6.02% | 8.13% | — | — |
| Capex / operating cash flow | -1.1% | -2.43% | 64.8% | -12.9% | -10.1% | — | — |
| Payout ratio | — | — | — | — | — | — | 0% |
| — |
| $23.7M |
| — |
| FY20 | — | -$1.17 | — | — | $11.8M | — |
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $22M | $26.1M | $23.2M | $20.5M | $21.7M | $18M | $14M | $14.5M | $10.1M | $7.3M | $8.6M | $10.5M |
| YoY change | +114.6% | +111% | +73.5% | +13.3% | -1.35% | -31% | -39.5% | -29.2% | -53.4% | -59.4% | -38.7% | -27.3% |
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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Cash & short-term investments | 38.9M | 268.3M | 110.3M | 152.8M | 86.7M | 236.9M |
| Receivables | 4.2M | 8.3M | 9.1M | 25.9M | 14M | 3.6M |
| Inventory | 3.4M | 12M | 19.1M | 23.2M | 15.5M | 13.3M |
| Total current assets | 46.9M | 291.4M | 142.1M | 208.5M | 120.3M | 259.9M |
| Property, plant & equipment | 722K | 2.3M | 12.9M | 17.4M | 22.3M | 15.7M |
| Goodwill & intangibles | 1M | 340K | 534.3M | 508.6M | 470.8M | 432.9M |
| Total assets | 48.5M | 295.6M | 425.3M | 485.5M | 390M | 500.5M |
| Accounts payable | 3.7M | 4.9M | 14.7M | 26.6M | 10.8M | 22.4M |
| Short-term debt | 1M | 3.2M | 1.3M | 1.9M | 1.8M | 2.2M |
| Total current liabilities | 6.4M | 10.7M | 20.4M | 50.4M | 21.1M | 52.1M |
| Long-term debt | 5M | 3.7M | 5.3M | 6.7M | 5.6M | 4.3M |
| Total liabilities | 120.9M | 230.1M | 40.5M | 104.9M | 42M | 56.8M |
| Shareholders' equity | -72.4M | 65.5M | 384.8M | 380.6M | 348M | 443.7M |
| Total debt | 6M | 6.9M | 6.6M | 8.5M | 7.3M | 6.5M |
| Net debt | -32.9M | -261.3M | -103.8M | -144.3M | -79.4M | -230.4M |
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 | 176.7M | 152.8M | 129.7M | 112M | 98.6M | 86.7M | 75.1M | 161.2M | 150.6M | 236.9M | 221M | 557.4M |
| Receivables | 17.6M | 25.9M | 22.2M | 22.7M | 21.1M | 14M | 12.4M | 12.5M | 9.8M | 3.6M | 3.7M | 4.8M |
| Inventory | 15.9M | 23.2M | 33.2M | 25.2M | 21.3M | 15.5M | 16.1M | 15.1M | 14.7M | 13.3M | 14.9M | 19.5M |
| Total current assets | 214.7M | 208.5M | 191.1M | 164.6M | 145.2M | 120.3M | 108.3M | 192.9M | 178.8M | 259.9M | 246.2M | 602.4M |
| Property, plant & equipment | 14.3M | 17.4M | 19.6M | 21.1M | 20.3M | 22.3M | 21.2M | 21.5M | 20.8M | 15.7M | 14.9M | 13.3M |
| Goodwill & intangibles | 518.8M | 508.6M | 499.1M | 489.6M | 480.1M | 470.8M | 461.4M | 451.9M | 442.4M | 432.9M | 423.5M | 414M |
| Total assets | 493.9M | 485.5M | 467.9M | 439.1M | 419.4M | 390M | 370.8M | 449.4M | 430.2M | 500.5M | 481.4M | 832.4M |
| Accounts payable | 14.8M | 26.6M | 24.4M | 13.1M | 13.6M | 10.8M | 14.3M | 16.9M | 14.1M | 22.4M | 18.4M | 19.5M |
| Short-term debt | 1.3M | 1.9M | 1.9M | 1.9M | 1.9M | 1.8M | 1.8M | 2.1M | 2.1M | 2.2M | 2.3M | 2.2M |
| Total current liabilities | 45.4M | 50.4M | 42M | 29M | 26M | 21.1M | 19.3M | 23.4M | 22.5M | 52.1M | 56.9M | 27.6M |
| Long-term debt | 4.8M | 6.7M | 6.3M | 6.3M | 6M | 5.6M | 5.1M | 5.3M | 4.8M | 4.3M | 4.1M | 3M |
| Total liabilities | 90.6M | 104.9M | 70M | 51M | 38.6M | 42M | 29M | 60.6M | 59.2M | 56.8M | 61.3M | 31M |
| Shareholders' equity | 403.4M | 380.6M | 397.9M | 388.1M | 380.8M | 348M | 341.8M | 388.9M | 371M | 443.7M | 420M | 801.4M |
| Total debt | 6.1M | 8.5M | 8.2M | 8.2M | 7.9M | 7.3M | 6.9M | 7.4M | 6.9M | 6.5M | 6.3M | 5.1M |
| Net debt | -170.6M | -144.3M | -121.5M | -103.8M | -90.8M | -79.4M | -68.2M | -153.8M | -143.6M | -230.4M | -214.7M | -552.3M |
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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Net income | -19M | -152.7M | 72.9M | -146M | -84.6M | -117M |
| Depreciation & amortization | 511K | 755K | 7.8M | 21M | 21.9M | 22.4M |
| Stock-based compensation | 1M | 41.4M | 63.3M | 54M | 43M | 14.5M |
| Change in working capital | -2.9M | -12.5M | 2.6M | -1.3M | -4M | 17.4M |
| Operating cash flow | -20.3M | -85M | 7.2M | -37.1M | -66.9M | -42.9M |
| Capital expenditure | -223K | -2.1M | -4.6M | -4.8M | -6.8M | — |
| Investing cash flow | -215K | -3.5M | -107.6M | -5.8M | -9.3M | 0 |
| Dividends paid | — | — | — | — | — | — |
| Share repurchases | — | 0 | -550K | 0 | — | — |
| Financing cash flow | 53.6M | 274.5M | -7.5M | 86.5M | 0 | 92.1M |
| Net change in cash | 33M | 186.1M | -107.9M | 43.6M | -76.1M | 49.2M |
| Free cash flow | -20.8M | -43.8M | -49.1M | -44.9M | -65.6M | -44.4M |
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 | 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 | 7.5M | -32.6M | -3.7M | -22.3M | -18.7M | -39.9M | -16.8M | -49.1M | -19.2M | -31.8M | -33.8M | -228.2M |
| Depreciation & amortization | 5.3M | 5.4M | 5.5M | 5.5M | 5.5M | 5.4M | 5.5M | 5.6M | 5.6M | 5.6M | 5.7M | 5.6M |
| Stock-based compensation | 12.1M | 12.2M | 13.5M | 13.1M | 11.4M | 5M | 7M | -913K | 467K | 8M | 10.3M | 8.4M |
| Change in working capital | 8.6M | -24.1M | -10.1M | -5.3M | -4.8M | 16.3M | -1.6M | 3.5M | 1.1M | 14.2M | -7.2M | -5.5M |
| Operating cash flow | -24K | -31M | -20.4M | -16M | -15.4M | -15.2M | -13.6M | -12.5M | -10M | -8.1M | -16.4M | -32M |
| Capital expenditure | -1.7M | -1.4M | -2.9M | -2.7M | -570K | -562K | -41K | -679K | — | — | — | — |
| Investing cash flow | -1.7M | -1.4M | -5.4M | -2.7M | -570K | -562K | -41K | -679K | 0 | 0 | — | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | 0 | 0 | — | — | — | — | — | — | 0 | — | — | — |
| Financing cash flow | 0 | 0 | — | — | 0 | 0 | — | -51K | -77K | -78K | -79K | -79K |
| Net change in cash | -1.7M | -32.4M | -25.8M | -18.7M | -15.9M | -15.7M | -13.6M | -13.2M | -10.1M | -8.2M | -16.4M | -32.1M |
| Free cash flow | -1.9M | -24M | -22.7M | -17.9M | -14.3M | -10.8M | -13.6M | -11.9M | -10.7M | -8.2M | -16.8M | -32.2M |