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 | — | -$50.5 | — | — | $18.9M | — |
| FY24 | — | -$0.58 | — | — | $31.3M | — |
| FY23 | — | $0.17 | — | — | $28.8M | — |
| FY22 | — | $0.57 | — | — | $0 | — |
| FY21 | — | $0.42 | — | — | $0 | — |
| FY20 | — | -$0.21 | — | — | $0 | — |
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 | $0 | $0 | $0 | $28.8M | $31.3M | $18.9M |
| YoY change | — | 0% | 0% | +InfinityT% | +8.6% | -39.5% |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 |
|---|---|---|---|---|---|---|
| Revenue | $9.2M |
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 | 0 | 0 | 0 | 28.8M | 31.3M | 18.9M |
| Cost of revenue | — | — | 0 | 23.6M | 30.9M | 18.4M |
| Gross profit | — | — | 0 | 5.2M | 418K | 541K |
| Gross margin | — | — | — | 18.1% | 1.34% | 2.86% |
| Research & development | 4.1M | 9.1M | 14.1M | 21.4M | 18.6M | 13.7M |
| Selling, general & administrative | 6.6M | 17.3M | 24.1M | 35.4M | 40.8M | 39.1M |
| Operating expenses | 10.7M | 26.4M | 38.2M | 56.7M | 59.3M | 52.8M |
| Operating income | -11.2M | -26.9M | -38.9M | -54.9M | -69.6M | -63.5M |
| Operating margin | — | — | — | -190.5% | -222.5% | -335.4% |
| Non-operating income, net | -18.8M | 70.4M | 108.7M | 71.4M | -13M | -185.5M |
| Pretax income | -30.3M | 42.1M | 78.6M | 22.7M | -83M | -249.1M |
| Income tax | — | — | 0 | -1.1M | 669K | 621K |
| Net income | -30.3M | 42.1M | 78.6M | 23.8M | -83.7M | -249.7M |
| Net margin | — | — | — | 82.6% | -267.6% | -1.3K% |
| EBITDA | -9.9M | 51.6M | 58.3M | -2.8M | -59.8M | -53M |
| EPS | -0.21 | 0.42 | 0.57 | 0.17 | -0.58 | -50.5 |
| Diluted EPS | -0.21 | 0.4 | 0.55 | 0.17 | -0.58 | -50.5 |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 |
|---|---|---|---|---|---|---|
| Revenue | 9.2M | 5.4M | 5.8M | 4.7M | 3M | 477K |
| Cost of revenue | 9.2M | 5.3M | 5.6M | 4.5M | 2.9M | 337K |
| Gross profit | 12K | 113K | 182K | 157K | 89K | 140K |
| Gross margin | 0.13% | 2.08% | 3.13% | 3.37% | 2.95% | 29.4% |
| Research & development | 3.2M | 3.3M | 3.3M | 3.3M | 3.8M | 2.8M |
| Selling, general & administrative | 10.2M | 10.1M | 9.1M | 10.7M | 9.2M | 12.7M |
| Operating expenses | 13.4M | 13.4M | 12.4M | 14M | 13M | 15.5M |
| Operating income | -16.1M | -16M | -15M | -16.7M | -15.8M | -16.5M |
| Operating margin | -174.9% | -294.9% | -257.5% | -359.1% | -521.3% | -3.5K% |
| Non-operating income, net | 2.9M | -10.3M | 2.4M | 447K | -178M | -1.1M |
| Pretax income | -13.3M | -26.4M | -12.6M | -16.3M | -193.8M | -17.6M |
| Income tax | 266K | 59K | 120K | 78K | 364K | 0 |
| Net income | -13.5M | -26.4M | -12.7M | -16.4M | -194.1M | -17.6M |
| Net margin | -146.6% | -486.9% | -219.3% | -351.8% | -6.4K% | -3.7K% |
| EBITDA | -13.1M | -11M | -12.1M | -14.3M | -13.2M | -17.1M |
| EPS | -0.09 | -5.4 | -2.7 | -3.3 | -38.5 | -3.28 |
| Diluted EPS | -0.09 | -5.4 | -2.7 | -3.3 | -38.5 | -3.28 |
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 | — | — | — | — | — | — | 5.2M |
| Enterprise value | — | — | — | — | — | — | -4.6M |
| Shares outstanding | 141.2M | 101.2M | 137.6M | 139.7M | 143.2M | 4.9M | 4.9M |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | 6.68 |
| P/S | — | — | — | — | — | — | 0.37 |
| P/B | — | — | — | — | — | — | 0.06 |
| EV/EBITDA | — | — | — | — | — | — | 0.08 |
| EV/Sales | — | — | — | — | — | — | -0.33 |
| Earnings yield | — | — | — | — | — | — | 15% |
| FCF yield | — | — | — | — | — | — | -718.6% |
| PEG | — | — | — | — | — | — | -0.17 |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Gross margin | — | — | — | 18.1% | 1.34% | 2.86% | 29.4% |
| Operating margin | — | — | — | -190.5% | -222.5% | -335.4% | -3.5K% |
| Net margin | — | — | — | 82.6% | -267.6% | -1.3K% | 2.86% |
| ROE | -24.6K% | 13.9% | 20.8% | 5.63% | -24.7% | -239.6% | -119.6% |
| ROA | -63.9% | 8.25% | 15.9% | 5.15% | -22.1% | -158.4% | -16.5% |
| ROIC | — | — | -62.5% | -20% | -28.4% | -80.9% | -81.5% |
| Return on tangible assets | -64.6% | 8.25% | 15.9% | 5.16% | -22.1% | -158.4% | -178.4% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Current ratio | 0.26 | 107.8 | 16.7 | 14.5 | 11.1 | 2.83 | 2.66 |
| Quick ratio | 0.26 | 107.8 | 16.7 | 14.5 | 11 | 2.81 | 2.62 |
| Debt / equity | 75.8 | 0.02 | 0.02 | 0.02 | 0.03 | 0.27 | 0.26 |
| Debt / assets | 0.2 | 0.01 | 0.02 | 0.02 | 0.03 | 0.18 | 0.17 |
| Net debt / EBITDA | -0.81 | -8.47 | -5.39 | 53.4 | 1.56 | 0.49 | 0.17 |
| Interest coverage | -87.9 | 15.8 | — | 174.4 | -222.8 | -2K | -2.6K |
| Effective tax rate | — | — | 0% | 0% | 0% | 0% | 0% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 0 | 0.21 | 0.22 | 3.83 | 2.76 |
| EPS (basic) | -0.21 | 0.42 | 0.57 | 0.17 | -0.58 | -50.5 | -50.5 |
| EPS (diluted) | -0.21 | 0.4 | 0.55 | 0.17 | -0.58 | -50.5 | -48.4 |
| Book value per share | 0 | 3 | 2.74 | 3.02 | 2.36 | 21.1 | 16.1 |
| FCF per share | -0.05 | -0.34 | -0.8 | -1.22 | -0.42 | -12.8 | -11 |
| Cash per share | 0.01 | 4.39 | 2.35 | 1.13 | 0.72 | 10.8 | 5.93 |
| Capex per share | 0.01 | 0.12 | 0.61 | 0.73 | 0.06 | 5.62 | 5.15 |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Capex / revenue | — | — | — | 354.8% | 28.6% | 146.6% | 198.2% |
| Capex / operating cash flow | -7.02% | -45% | -1.5K% | -305.2% | -12.7% | -12.3% | -13% |
| Payout ratio | — | — | — | — | — | — | 0% |
| $5.4M |
| $5.8M |
| $4.7M |
| $3M |
| $477K |
| YoY change | — | — | — | — | -67.2% | -91.2% |
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 | 1.3M | 444.1M | 323.3M | 158.3M | 102.9M | 53.5M |
| Receivables | — | — | 0 | 15.2M | 19.2M | 13M |
| Inventory | — | — | 0 | 912K | 866K | 684K |
| Total current assets | 2M | 451.2M | 331.5M | 187.1M | 139.2M | 80.9M |
| Property, plant & equipment | 45.1M | 59M | 157M | 247.6M | 207.7M | 76M |
| Goodwill & intangibles | 516K | 430K | 320K | 242K | 146K | 64K |
| Total assets | 47.4M | 510.4M | 493.7M | 461.8M | 378M | 157.7M |
| Accounts payable | 2.7M | 2.5M | 10.4M | 1.9M | 2.9M | 3.6M |
| Short-term debt | 3.2M | 280K | 619K | 2.1M | 4.1M | 19.8M |
| Total current liabilities | 7.8M | 4.2M | 19.8M | 12.9M | 12.5M | 28.5M |
| Long-term debt | 6.1M | 6.7M | 8.1M | 7.7M | 5.6M | 7.9M |
| Total liabilities | 47.3M | 206.9M | 116.8M | 39.3M | 39.7M | 53.4M |
| Shareholders' equity | 123K | 303.5M | 376.9M | 422.5M | 338.4M | 104.2M |
| Total debt | 9.3M | 7M | 8.7M | 9.8M | 9.7M | 27.7M |
| Net debt | 8M | -39.7M | -99.1M | -65.7M | -46.6M | -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 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 |
|---|---|---|---|---|---|---|
| Cash & short-term investments | 102.9M | 83M | 69.4M | 54.3M | 53.5M | 32.6M |
| Receivables | 19.2M | 19.1M | 17.9M | 15.5M | 13M | 5.4M |
| Inventory | 866K | 866K | 687K | 635K | 684K | 682K |
| Total current assets | 139.2M | 119.5M | 101.6M | 84.1M | 80.9M | 50.5M |
| Property, plant & equipment | 207.7M | 215M | 232.4M | 229M | 76M | 82.8M |
| Goodwill & intangibles | 146K | 130K | 120K | 102K | 64K | 48K |
| Total assets | 378M | 349M | 348.4M | 327.3M | 157.7M | 135.1M |
| Accounts payable | 2.9M | 3.2M | 2.1M | 1.9M | 3.6M | 1.3M |
| Short-term debt | 4.1M | 2.1M | 2.1M | 2.1M | 19.8M | 11.7M |
| Total current liabilities | 12.5M | 12.6M | 15.9M | 13.3M | 28.5M | 19M |
| Long-term debt | 5.6M | 5.5M | 5.4M | 3.6M | 7.9M | 11.1M |
| Total liabilities | 39.7M | 34.4M | 37.3M | 32.4M | 53.4M | 46.8M |
| Shareholders' equity | 338.4M | 314.6M | 311.1M | 295M | 104.2M | 88.3M |
| Total debt | 9.7M | 7.6M | 7.5M | 5.7M | 27.7M | 22.8M |
| Net debt | -46.6M | -36.3M | -27.8M | -28.4M | -5.2M | 3.7M |
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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Net income | -30.3M | 42.1M | 78.6M | 23.8M | -83.7M | -249.7M |
| Depreciation & amortization | 479K | 824K | 1.3M | 4M | 10.7M | 11.2M |
| Stock-based compensation | 1.6M | 5.8M | 7.2M | 9.4M | 10.1M | 8.9M |
| Change in working capital | 2.6M | -2.4M | -7.1M | -28.4M | -9.4M | 4.5M |
| Operating cash flow | -25.4M | -27.3M | -5.5M | -33.5M | -70.4M | -226.1M |
| Capital expenditure | -1.8M | -12.3M | -83.7M | -102.2M | -9M | -27.7M |
| Investing cash flow | -1.8M | -411.4M | 89.1M | 34.1M | 28.6M | -1.1M |
| Dividends paid | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — |
| Financing cash flow | 5.8M | 478M | 849K | — | 3.3M | 10.4M |
| Net change in cash | -21.4M | 39.4M | 84.5M | 667K | -38.6M | -216.8M |
| Free cash flow | -7.5M | -34.5M | -110M | -170.5M | -59.8M | -63M |
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 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 |
|---|---|---|---|---|---|---|
| Net income | -13.5M | -26.4M | -12.7M | -16.4M | -194.1M | -17.6M |
| Depreciation & amortization | 2.4M | 2.7M | 2.8M | 2.8M | 2.8M | 1.2M |
| Stock-based compensation | 2.3M | 2.3M | 2.3M | 2.2M | 2.1M | 1M |
| Change in working capital | 1.7M | -287K | 1.7M | 1.8M | 1.3M | 3M |
| Operating cash flow | -8M | -24M | -5.7M | -9M | -187.4M | -10.4M |
| Capital expenditure | -3.8M | -7M | -6.6M | -5.4M | -8.8M | -6.9M |
| Investing cash flow | 9.1M | 540K | -1.2M | 8.5M | -8.9M | 244K |
| Dividends paid | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — |
| Financing cash flow | 0 | -9.1M | 0 | -1.7M | 0 | -8.6M |
| Net change in cash | 1.1M | -32.6M | -6.9M | -2.2M | -196.3M | -18.8M |
| Free cash flow | -9.5M | -15.4M | -16M | -13.5M | -18M | -11.8M |