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 | -$0.13 | -$0.05 | +61.5% | — | $13.4M | — |
| Q1 26 | -$0.1 | -$0.06 | +40.0% | — | $14.4M | — |
| Q4 25 | -$0.09 | -$0.11 | -22.2% | — | $8.4M | — |
| Q2 25 | -$0.15 | -$0.15 | 0.0% | — | $3.9M | — |
| Q1 25 | -$0.17 | -$0.17 | 0.0% | — | $4.2M | — |
| Q4 24 | -$0.1 | -$0.12 | -20.0% | — | $10.8M | — |
| Q3 24 | -$0.14 | -$0.16 | -14.3% | — | $4.2M | — |
| Q2 24 | -$0.17 | -$0.13 | +23.5% | — | $7.6M | — |
| Q1 24 | -$0.16 | -$0.19 | -18.8% | — | $3.8M | — |
| Q4 23 | -$0.15 | -$0.14 | +6.7% | — | $4.8M | — |
| Q3 23 | -$0.13 | -$0.16 | -23.1% | — | $5.5M | — |
| Q2 23 | -$0.12 | -$0.15 | -25.0% | — | $6.9M | — |
| Q1 23 | -$0.03 | -$0.08 | -166.7% | — | $16.9M | — |
| Q4 22 | $0.02 | $0.07 | +250.0% | — | $59.1M | — |
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 | — | — | $18.7M | — |
| FY24 | — | -$0.61 | — | — | $26.4M | — |
| FY23 | — | -$0.51 | — | — | $34.2M | — |
| FY22 | — | -$0.26 | — | — | $59.1M | — |
| FY21 | — | -$0.24 |
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 | $18.3M | $23.3M | $34.7M | $59.1M | $34.2M | $26.4M | $18.7M |
| YoY change | — | +27% | +49.3% | +70% | -42.2% | -22.8% | -29.3% |
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 | 18.3M | 23.3M | 34.7M | 59.1M | 34.2M | 26.4M | 18.7M |
| Cost of revenue | — | — | — | — | — | — | 303K |
| Gross profit | — | — | — | — | — | — | 18.4M |
| Gross margin | — | — | — | — | — | — | 98.4% |
| Research & development | 13.2M | 24.8M | 39.2M | 48.4M | 56.5M | 55.1M | 47.8M |
| Selling, general & administrative | 8.7M | 10.2M | 16.9M | 24.9M | 33.3M | 30.7M | 29.2M |
| Operating expenses | 21M | 37.1M | 57.4M | 72.7M | 90M | 83.5M | 74.4M |
| Operating income | -13M | -25.6M | -35.6M | -26.6M | -69.4M | -74.5M | -69M |
| Operating margin | -71.1% | -110.1% | -102.5% | -45.1% | -203.2% | -282.3% | -369.5% |
| Non-operating income, net | — | 1.9M | 1.3M | — | 1K | -15K | 15K |
| Pretax income | -13M | -23.7M | -34.4M | -26.1M | -64.4M | -71.4M | -66.3M |
| Income tax | 562K | -6.2M | -7.3M | -3.7M | -13.7M | -9.4M | -1.5M |
| Net income | -13.6M | -17.6M | -27M | -22.3M | -50.6M | -62M | -64.8M |
| Net margin | -74.2% | -75.5% | -77.8% | -37.8% | -148.2% | -235.1% | -347% |
| EBITDA | -2.1M | -10.6M | -18.1M | -8.4M | -49.9M | -50.9M | -47.2M |
| EPS | -0.12 | -0.15 | -0.24 | -0.26 | -0.51 | -0.61 | -0.57 |
| Diluted EPS | -0.12 | -0.15 | -0.24 | -0.26 | -0.51 | -0.61 | -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 | 5.5M | 4.8M | 3.8M | 7.6M | 4.2M | 10.8M | 4.2M | 3.9M | 2.2M | 8.4M | 14.4M | 13.4M |
| Cost of revenue | — | — | — | — | — | — | — | 262K | 29K | 9K | 15K | 610K |
| Gross profit | — | — | — | — | — | — | — | 3.6M | 2.2M | 8.4M | 14.4M | 12.8M |
| Gross margin | — | — | — | — | — | — | — | 93.3% | 98.7% | 99.9% | 99.9% | 95.5% |
| Research & development | 13.9M | 14.8M | 14.6M | 13.9M | 13.3M | 13.3M | 12.6M | 10.9M | 10.4M | 13.9M | 9.6M | 9.6M |
| Selling, general & administrative | 8.5M | 7.9M | 8.3M | 8M | 7.1M | 7.4M | 7.9M | 7.7M | 6.8M | 6.8M | 6.6M | 6.7M |
| Operating expenses | 22.4M | 22.6M | 22.9M | 19.4M | 20.5M | 20.6M | 19.8M | 19.6M | 17.1M | 20.9M | 16.2M | 16.4M |
| Operating income | -20.3M | -21.2M | -22.6M | -16.3M | -19.8M | -15.9M | -18.8M | -19.2M | -18.1M | -15.8M | -7.8M | -6.6M |
| Operating margin | -370.9% | -439.8% | -593.3% | -214.1% | -473.7% | -147% | -453.6% | -493.2% | -810.2% | -188.2% | -54.3% | -49.5% |
| Non-operating income, net | 8K | -3K | — | -9K | -8K | 2K | 1K | 3M | -8K | -5K | 77K | -9K |
| Pretax income | -19M | -20M | -21.6M | -15.5M | -19.1M | -15.2M | -18.3M | -15.8M | -17.7M | -14.5M | -7.3M | -6.2M |
| Income tax | -3.3M | -6M | -2.6M | -1.9M | -2.7M | -2.2M | -106K | 119K | -1.2M | -367K | 442K | -353K |
| Net income | -15.7M | -14.1M | -19M | -13.6M | -16.4M | -13.1M | -18.2M | -15.9M | -16.5M | -14.2M | -7.7M | -5.9M |
| Net margin | -287.3% | -291.4% | -498.8% | -179% | -392.4% | -121% | -438.1% | -407.4% | -738.1% | -169.3% | -53.4% | -43.7% |
| EBITDA | -15.5M | -16.3M | -17.6M | -10.2M | -14.8M | -8.3M | -14.1M | -17.6M | -13.5M | -8.1M | -615K | -2.4M |
| EPS | -0.16 | -0.14 | -0.19 | -0.13 | -0.16 | -0.12 | -0.17 | -0.15 | -0.14 | -0.11 | -0.06 | -0.05 |
| Diluted EPS | -0.16 | -0.14 | -0.19 | -0.13 | -0.16 | -0.12 | -0.17 | -0.15 | -0.14 | -0.11 | -0.06 | -0.05 |
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 | — | — | — | — | — | — | — | 689.2M |
| Enterprise value | — | — | — | — | — | — | — | 637.2M |
| Shares outstanding | 114.8M | 114.8M | 114.8M | 85.3M | 99.7M | 102.4M | 113.6M | 113.6M |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | -8.33 |
| P/S | — | — | — | — | — | — | — | 17.4 |
| P/B | — | — | — | — | — | — | — | 2.58 |
| EV/EBITDA | — | — | — | — | — | — | — | -29.5 |
| EV/Sales | — | — | — | — | — | — | — | 16.6 |
| Earnings yield | — | — | — | — | — | — | — | -12% |
| FCF yield | — | — | — | — | — | — | — | -0.04% |
| PEG | — | — | — | — | — | — | — | 0.13 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Gross margin | — | — | — | — | — | — | 98.4% | 95.5% |
| Operating margin | -71.1% | -110.1% | -102.5% | -45.1% | -203.2% | -282.3% | -369.5% | -49.5% |
| Net margin | -74.2% | -75.5% | -77.8% | -37.8% | -148.2% | -235.1% | -347% | -115.1% |
| ROE | — | -7.45% | -11.5% | -6.54% | -16.1% | -21.6% | -24.3% | -17% |
| ROA | — | -5.94% | -8.88% | -5.3% | -13.5% | -19.1% | -21.5% | -8.35% |
| ROIC | — | -10.8% | -14.3% | -9.55% | -27.4% | -29.6% | -29.6% | -21.3% |
| Return on tangible assets | — | 7.14% | 12.5% | 27.5% | 48.8% | 52.3% | 55.2% | 40.3% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Current ratio | — | 1.17 | 1.1 | 4.8 | 4.11 | 4.52 | 4.02 | 4.8 |
| Quick ratio | — | 1.17 | 1.1 | 4.8 | 4.11 | 4.52 | 4.02 | 4.72 |
| Debt / equity | — | 0.01 | 0.06 | 0.08 | 0.08 | 0.08 | 0.08 | 0.07 |
| Debt / assets | — | 0.01 | 0.05 | 0.06 | 0.07 | 0.07 | 0.07 | 0.07 |
| Net debt / EBITDA | — | — | -0.77 | 7.44 | 1.23 | 0.71 | 0.71 | 1.35 |
| Interest coverage | — | -4.7K | -4.9K | — | — | — | — | — |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0.16 | 0.2 | 0.3 | 0.69 | 0.34 | 0.26 | 0.16 | 0.31 |
| EPS (basic) | -0.12 | -0.15 | -0.24 | -0.26 | -0.51 | -0.61 | -0.57 | -0.57 |
| EPS (diluted) | -0.12 | -0.15 | -0.24 | -0.26 | -0.51 | -0.61 | -0.57 | -0.36 |
| Book value per share | — | 2.05 | 2.04 | 4 | 3.16 | 2.81 | 2.35 | 1.79 |
| FCF per share | -0.05 | 0.02 | -0.08 | -0.24 | 0.01 | -0.41 | -0.33 | -0.14 |
| Cash per share | — | — | 0 | 1.03 | 0.87 | 0.58 | 0.48 | 0.36 |
| Capex per share | 0 | 0.02 | 0.04 | 0.2 | 0.02 | 0.02 | — | — |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Capex / revenue | 1.39% | 7.53% | 11.7% | 29.1% | 4.81% | 7.1% | — | — |
| Capex / operating cash flow | -5.51% | 63.5% | -77% | 1.3K% | 47.4% | -4.83% | — | — |
| Payout ratio | — | — | — | — | — | — | — | 0% |
| — |
| — |
| $34.7M |
| — |
| FY20 | — | -$0.15 | — | — | $23.3M | — |
| FY19 | — | -$0.12 | — | — | $18.3M | — |
| Q1 24 |
|---|
| Q2 24 |
|---|
| Q3 24 |
|---|
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $5.5M | $4.8M | $3.8M | $7.6M | $4.2M | $10.8M | $4.2M | $3.9M | $2.2M | $8.4M | $14.4M | $13.4M |
| YoY change | -20.7% | -91.8% | -77.5% | +9.62% | -23.8% | +124.1% | +9.29% | -48.8% | -46.3% | -22.5% | +247.3% | +244.2% |
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 | — | 0 | 88.3M | 87M | 59.4M | 54M |
| Receivables | 15.9M | 21.1M | 30.3M | 3.8M | 5.3M | 7.4M |
| Inventory | — | — | — | — | — | — |
| Total current assets | 16.6M | 22.5M | 125M | 94.9M | 68.1M | 65.3M |
| Property, plant & equipment | 6M | 20.1M | 41.5M | 38.1M | 33.3M | 25M |
| Goodwill & intangibles | 541.2M | 520.6M | 502.4M | 478.9M | 444.1M | 418.3M |
| Total assets | 295.4M | 304.5M | 421.2M | 375.2M | 325.6M | 300.9M |
| Accounts payable | 469K | 2.9M | 3M | 4.4M | 2.3M | 1.9M |
| Short-term debt | 580K | 578K | 1.8M | 3.5M | 3.8M | 3.9M |
| Total current liabilities | 14.3M | 20.6M | 26M | 23.1M | 15.1M | 16.3M |
| Long-term debt | 2M | 13.3M | 24M | 22.1M | 19.4M | 16.5M |
| Total liabilities | 59.8M | 70.2M | 79.8M | 60.6M | 37.9M | 33.9M |
| Shareholders' equity | 235.5M | 234.3M | 341.4M | 314.6M | 287.6M | 267M |
| Total debt | 2.6M | 13.8M | 25.8M | 25.6M | 23.2M | 20.3M |
| Net debt | — | 13.8M | -7.6M | 9.2M | -4.4M | -5.2M |
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 | 96.6M | 87M | 69M | 57.2M | 59.4M | 59.4M | 43.6M | 41.6M | 59.5M | 54M | 49.1M | 52M |
| Receivables | 6.1M | 3.8M | 4M | 6.9M | 3.5M | 5.3M | 6.5M | 2.7M | 3.1M | 7.4M | 12.6M | 10.3M |
| Inventory | — | — | — | — | — | — | — | — | 443K | — | 920K | 1M |
| Total current assets | 106.8M | 94.9M | 76.7M | 67.3M | 66.6M | 68.1M | 53.6M | 47.6M | 66.3M | 65.3M | 65.1M | 66M |
| Property, plant & equipment | 38.9M | 38.1M | 37.3M | 36.2M | 34.7M | 33.3M | 31.9M | 30.7M | 29.4M | 25M | 24.1M | 22.9M |
| Goodwill & intangibles | 485.5M | 478.9M | 472.1M | 463M | 456.2M | 444.1M | 437.6M | 431.2M | 424.7M | 418.3M | 406.2M | 400.1M |
| Total assets | 391.7M | 375.2M | 352.6M | 337.3M | 331.6M | 325.6M | 306.2M | 295.7M | 309.7M | 300.9M | 293.6M | 290.3M |
| Accounts payable | 2.5M | 4.4M | 3.6M | 2.8M | 2.2M | 2.3M | 1.9M | 2M | 1.9M | 1.9M | 1.7M | 2.1M |
| Short-term debt | 3.5M | 3.5M | 3.5M | 3.6M | 3.8M | 3.8M | 3.8M | 3.8M | 3.9M | 3.9M | 3.9M | 4M |
| Total current liabilities | 25.1M | 23.1M | 17.5M | 14.2M | 14.4M | 15.1M | 11.4M | 12.6M | 13.3M | 16.3M | 13.6M | 13.8M |
| Long-term debt | 22.7M | 22.1M | 21.4M | 20.8M | 20.1M | 19.4M | 18.7M | 17.9M | 17.2M | 16.5M | 15.7M | 14.9M |
| Total liabilities | 67.2M | 60.6M | 51.2M | 43.1M | 39.8M | 37.9M | 32.7M | 33.6M | 32.2M | 33.9M | 31M | 30M |
| Shareholders' equity | 324.5M | 314.6M | 301.4M | 294.2M | 291.7M | 287.6M | 273.5M | 262.1M | 277.4M | 267M | 262.6M | 260.3M |
| Total debt | 26.2M | 25.6M | 24.9M | 24.3M | 23.8M | 23.2M | 22.5M | 21.8M | 21.1M | 20.3M | 19.7M | 18.9M |
| Net debt | 4.9M | 9.2M | 5.9M | 3.5M | -3.4M | -4.4M | 11.6M | 3.5M | -7.5M | -5.2M | -9.4M | -5.4M |
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 | -13.6M | -17.6M | -27M | -22.3M | -50.6M | -62M | -64.8M |
| Depreciation & amortization | 10.9M | 13.1M | 16.3M | 18.2M | 19.5M | 23.6M | 21.8M |
| Stock-based compensation | 6.7M | 9.2M | 15.1M | 18.3M | 24.8M | 21.5M | 15.8M |
| Change in working capital | -8.4M | 2M | -3.5M | -6.1M | 22.6M | -10.8M | -3.8M |
| Operating cash flow | -4.6M | 2.8M | -5.3M | 1.3M | 3.5M | -38.8M | -36.5M |
| Capital expenditure | -255K | -1.8M | -4.1M | -17.2M | -1.6M | -1.9M | — |
| Investing cash flow | -12.1M | -28.9M | -4M | -73.3M | -18.4M | 37.9M | 7M |
| Dividends paid | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — |
| Financing cash flow | 17.3M | 23.4M | 9.7M | 110.1M | -2.1M | 9.8M | 27.4M |
| Net change in cash | 570K | -2.8M | 384K | 38.1M | -17M | 8.8M | -2M |
| Free cash flow | -5.5M | 1.9M | -9.7M | -20.8M | 703K | -41.5M | -37M |
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 | — | — | — | — | — | — | — | — | -16.5M | -14.2M | -7.7M | -5.9M |
| Depreciation & amortization | — | — | — | — | — | — | — | — | 4.7M | 7.7M | 7.2M | 4.2M |
| Stock-based compensation | — | — | — | — | — | — | — | — | 4M | 3.6M | 3.3M | 3.2M |
| Change in working capital | — | — | — | — | — | — | — | — | -75K | -2.1M | -8.3M | 1.9M |
| Operating cash flow | — | — | — | — | — | — | — | — | -9.8M | -5.7M | -4.9M | 2.7M |
| Capital expenditure | — | — | — | — | — | — | — | — | — | — | — | — |
| Investing cash flow | — | — | — | — | — | — | — | — | -7.5M | 2.7M | 8.6M | -7.5M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | — | — | — | — | — | — | — | — | -515K | -198K | — | — |
| Net change in cash | — | — | — | — | — | — | — | — | -17.8M | -3.2M | 3.7M | -4.8M |
| Free cash flow | — | — | — | — | — | — | — | — | -9.9M | -5.7M | -5.1M | 2.6M |