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 % |
|---|---|---|---|---|---|---|
| Q1 26 | -$0.19 | -$0.18 | +5.3% | — | $58.3M | — |
| Q4 25 | -$0.19 | -$0.08 | +57.9% | — | $57.6M | — |
| Q3 25 | -$0.41 | -$0.15 | +63.4% | — | $49.5M | — |
| Q2 25 | -$0.92 | -$0.79 | +14.1% | — | $39.5M | — |
| Q1 25 | -$1.07 | -$1.07 | 0.0% | — | $28.5M | — |
| Q4 24 | -$1.08 | -$1.05 | +2.8% | — | $29.7M | — |
| Q3 24 | -$1.46 | -$1.05 | +28.1% | — | $16.4M | — |
| Q2 24 | -$1.24 | -$1.25 | -0.8% | — | $7.3M | — |
| Q1 24 | -$1.22 | -$1.11 | +9.0% | — | $1.9M | — |
| Q4 23 | -$1 | -$0.8 | +20.0% | — | $682K | — |
| Q3 23 | -$0.96 | -$0.76 | +20.8% | — | $0 | — |
| Q2 23 | -$0.95 | -$0.84 | +11.6% | — | $0 | — |
| Q1 23 | -$1.28 | -$0.89 | +30.5% | — | $0 | — |
| Q4 22 | -$1.37 | -$1.33 | +2.9% | — | $0 | — |
| Q3 22 | -$1.32 | -$1.32 | 0.0% | — | $0 | — |
| Q2 22 | -$1.11 | -$1.33 | -19.8% | — | $0 | — |
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 | — | -$3.03 | — | — | $175.1M | — |
| FY24 | — | -$5.29 | — | — | $55.3M | — |
| FY23 | — | -$3.93 | — | — | $682K | — |
| FY22 | — | -$5.05 | — | — | $0 | — |
| 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 | $0 | $0 | $682K | $55.3M | $175.1M |
| YoY change | — | 0% | 0% | 0% | 0% | +InfinityT% | +8K% | +216.9% |
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 | 0 | 0 | 682K | 55.3M | 175.1M |
| Cost of revenue | — | — | — | — | 0 | 167K | 8M | 22.6M |
| Gross profit | — | — | — | — | 0 | 515K | 47.3M | 152.5M |
| Gross margin | — | — | — | — | — | 75.5% | 85.6% | 87.1% |
| Research & development | 20K | 99.3M | 98.1M | 72.3M | 71.4M | 49.9M | 34.1M | 32.8M |
| Selling, general & administrative | 1.2M | 6.9M | 27.5M | 62.7M | 101M | 117.9M | 290.7M | 279.7M |
| Operating expenses | 1.2M | 106.2M | 125.7M | 135.1M | 172.4M | 167.8M | 324.7M | 312.5M |
| Operating income | -1.2M | -106.2M | -125.7M | -135.1M | -172.4M | -167.3M | -277.5M | -160M |
| Operating margin | — | — | — | — | — | -24.5K% | -502.2% | -91.4% |
| Non-operating income, net | -50K | -145.8M | 87K | -2.1M | -110K | -188K | -8K | -190K |
| Pretax income | -1.3M | -255.1M | -129.1M | -143.9M | -197.7M | -201.6M | -334.3M | -221.2M |
| Income tax | — | — | — | — | — | — | — | — |
| Net income | -1.3M | -255.1M | -129.1M | -143.9M | -197.7M | -201.6M | -334.3M | -221.2M |
| Net margin | — | — | — | — | — | -29.6K% | -605.1% | -126.3% |
| EBITDA | -1.3M | -154.7M | -124.3M | -136.6M | -169.8M | -159M | -261.5M | -152.5M |
| EPS | -0.15 | -22.4 | -3.88 | -3.89 | -5.05 | -3.93 | -5.29 | -3.03 |
| Diluted EPS | -0.15 | -22.4 | -3.88 | -3.89 | -5.05 | -3.93 | -5.29 | -3.03 |
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 | 0 | 682K | 1.9M | 7.3M | 16.4M | 29.7M | 28.5M | 39.5M | 49.5M | 57.6M | 58.3M | 74.3M |
| Cost of revenue | 0 | — | 426K | 1.4M | 2.4M | 3.8M | 3.7M | 5M | 6.2M | 7.6M | 12M | 15.1M |
| Gross profit | 0 | — | 1.5M | 5.9M | 14M | 25.8M | 24.8M | 34.5M | 43.3M | 49.9M | 46.3M | 59.2M |
| Gross margin | — | — | 77.7% | 81.2% | 85.6% | 87.1% | 86.9% | 87.2% | 87.5% | 86.7% | 79.4% | 79.7% |
| Research & development | 12.3M | 13.4M | 9.4M | 7.4M | 8.7M | 8.6M | 9.2M | 9.1M | 7M | 7.5M | 7.8M | 7.8M |
| Selling, general & administrative | 23.4M | 57M | 62M | 75.9M | 76.1M | 76.7M | 94.5M | 85.3M | 51.6M | 48.4M | 54M | 55.3M |
| Operating expenses | 35.7M | 70.4M | 71.4M | 83.2M | 84.8M | 85.3M | 103.7M | 94.4M | 58.6M | 55.9M | 61.8M | 63.1M |
| Operating income | -35.7M | -69.9M | -70M | -77.3M | -70.8M | -59.4M | -78.9M | -59.9M | -15.3M | -5.9M | -15.5M | -4M |
| Operating margin | — | -10.2K% | -3.7K% | -1.1K% | -433% | -200.3% | -276.5% | -151.7% | -30.8% | -10.3% | -26.5% | -5.34% |
| Non-operating income, net | -197K | -14K | -43K | -6K | -8K | 49K | -22K | -155K | -7K | -5K | -831K | -24K |
| Pretax income | -43.2M | -79.6M | -82.9M | -91.4M | -85.6M | -74.5M | -94.3M | -75.8M | -30M | -21.1M | -30.4M | -17.6M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — |
| Net income | -43.2M | -79.6M | -82.9M | -91.4M | -85.6M | -74.5M | -94.3M | -75.8M | -30M | -21.1M | -30.4M | -17.6M |
| Net margin | — | -11.7K% | -4.3K% | -1.2K% | -523.3% | -251% | -330.7% | -191.9% | -60.5% | -36.7% | -52.1% | -23.7% |
| EBITDA | -33M | -66.4M | -65.5M | -73.5M | -66.9M | -55.7M | -76.1M | -58.1M | -13.7M | -4.6M | -14.5M | -2.4M |
| EPS | -0.76 | — | -1.42 | -1.56 | -1.32 | -1.05 | -1.31 | -1.05 | -0.41 | -0.29 | -0.37 | -0.21 |
| Diluted EPS | -0.76 | — | -1.42 | -1.56 | -1.32 | -1.05 | -1.31 | -1.05 | -0.41 | -0.29 | -0.37 | -0.21 |
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 | — | — | — | — | 438.9M | — | — | — | 594.6M |
| Enterprise value | — | — | — | — | 380.6M | — | — | — | 960.1M |
| Shares outstanding | 8.6M | 11.4M | 33.2M | 37M | 39.1M | 51.3M | 63.2M | 72.9M | 72.9M |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | — | -2.42 |
| P/S | — | — | — | — | — | — | — | — | 2.49 |
| P/B | — | — | — | — | -5.87 | — | — | — | -1.79 |
| EV/EBITDA | — | — | — | — | -2.24 | — | — | — | -23.9 |
| EV/Sales | — | — | — | — | — | — | — | — | 4.01 |
| Earnings yield | — | — | — | — | — | — | — | — | -41.3% |
| FCF yield | — | — | — | — | -33.6% | — | — | — | -5.49% |
| PEG | — | — | — | — | — | — | — | — | 0.03 |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Gross margin | — | — | — | — | — | 75.5% | 85.6% | 87.1% | 79.7% |
| Operating margin | — | — | — | — | — | -24.5K% | -502.2% | -91.4% | -5.34% |
| Net margin | — | — | — | — | — | -29.6K% | -605.1% | -126.3% | -41.3% |
| ROE | 100.2% | -111.9% | -66.4% | -199.4% | 264.3% | 277.1% | 131.8% | 50.5% | 50.5% |
| ROA | -142.8% | -99.2% | -43.7% | -76% | -120% | -48.7% | -88.4% | -85.4% | -8.8% |
| Return on tangible assets | -142.8% | -99.2% | -43.7% | -76% | -120% | -48.7% | -88.4% | -85.4% | -30.3% |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 0.41 | 68.2 | 5.25 | 9.86 | 6.12 | 10.2 | 4.2 | 1.73 | 1.92 |
| Quick ratio | 0.41 | 68.2 | 5.25 | 9.86 | 6.12 | 10.2 | 4.16 | 1.69 | 1.87 |
| Debt / equity | -1.52 | 0.1 | 0.25 | 1.27 | -1.3 | -1.91 | -0.8 | -0.48 | -0.02 |
| Debt / assets | 2.16 | 0.09 | 0.17 | 0.48 | 0.59 | 0.34 | 0.53 | 0.82 | 0.51 |
| Net debt / EBITDA | -0.84 | 1.42 | 1.92 | 0.67 | 0.34 | 1.52 | 0.36 | -0.54 | 0.44 |
| Interest coverage | -98.1 | -60.1 | -27.2 | -20.2 | -6.24 | -3.8 | -3.64 | -2.25 | -0.56 |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 0 | 0 | 0 | 0.01 | 0.87 | 2.4 | 3.06 |
| EPS (basic) | -0.15 | -22.4 | -3.88 | -3.89 | -5.05 | -3.93 | -5.29 | -3.03 | -3.03 |
| EPS (diluted) | -0.15 | -22.4 | -3.88 | -3.89 | -5.05 | -3.93 | -5.29 | -3.03 | -1.25 |
| Book value per share | -0.15 | 20.1 | 5.85 | 1.95 | -1.91 | -1.42 | -4.01 | -6.01 | -4.3 |
| FCF per share | -0.12 | -5.43 | -2.13 | -4.02 | -3.77 | -2.71 | -4.22 | -2.29 | -0.44 |
| Cash per share | 0.1 | 21.4 | 8.65 | 4.95 | 3.97 | 7.44 | 4.71 | 1.78 | 2.26 |
| Capex per share | 0 | 0.01 | 0.03 | 0.01 | 0.03 | 0.03 | 0 | — | — |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Capex / revenue | — | — | — | — | — | 239.6% | 0.24% | — | — |
| Capex / operating cash flow | 0% | -0.11% | -1.06% | -0.25% | -0.72% | -1.26% | -0.05% | — | — |
| Payout ratio | — | — | — | — | — | — | — | — | 0% |
| — |
| -$3.89 |
| — |
| — |
| $0 |
| — |
| FY20 | — | -$3.88 | — | — | $0 | — |
| FY19 | — | -$22.4 | — | — | $0 | — |
| FY18 | — | -$0.15 | — | — | $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 | $0 | $682K | $1.9M | $7.3M | $16.4M | $29.7M | $28.5M | $39.5M | $49.5M | $57.6M | $58.3M | $74.3M |
| YoY change | 0% | +InfinityT% | +InfinityT% | +InfinityT% | +InfinityT% | +4.2K% | +1.4K% | +439.4% | +202.7% | +94.1% | +104.4% | +88% |
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 | 879K | 243.8M | 287.5M | 183.3M | 155.4M | 381.4M | 297.3M | 130M |
| Receivables | — | — | — | — | 0 | 1.6M | 38.8M | 78.1M |
| Inventory | — | — | — | — | 0 | 1.2M | 3.2M | 5.5M |
| Total current assets | 902K | 255.6M | 291.4M | 186.5M | 160.5M | 397.4M | 360.1M | 229M |
| Property, plant & equipment | 0 | 1.4M | 986K | 2.6M | 3.5M | 2.1M | 1.5M | 1.1M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — |
| Total assets | 902K | 257.2M | 295.1M | 189.4M | 164.8M | 413.8M | 378.3M | 259.1M |
| Accounts payable | 55K | 699K | 16.8M | 5.2M | 10M | 12.6M | 10.5M | 5M |
| Short-term debt | 1.9M | 161K | 7.8M | 487K | 708K | 726K | 501K | 648K |
| Total current liabilities | 2.2M | 3.7M | 55.5M | 18.9M | 26.2M | 38.8M | 85.7M | 132M |
| Long-term debt | 0 | 23.4M | 41.2M | 90.9M | 96.4M | 138.3M | 201.4M | 211.2M |
| Total liabilities | 2.2M | 29.2M | 100.8M | 117.3M | 239.6M | 486.6M | 631.9M | 697.3M |
| Shareholders' equity | -1.3M | 228M | 194.3M | 72.2M | -74.8M | -72.8M | -253.6M | -438.2M |
| Total debt | 1.9M | 23.6M | 49M | 91.3M | 97.1M | 139M | 201.9M | 211.8M |
| Net debt | 1.1M | -220.2M | -238.5M | -91.9M | -58.3M | -242.4M | -95.4M | 81.8M |
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 | 213.7M | 381.4M | 322.2M | 276.2M | 334.7M | 297.3M | 212.3M | 149.6M | 135.2M | 130M | 180.9M | 182.5M |
| Receivables | — | 1.6M | 3.9M | 10.9M | 21.1M | 38.8M | 36.4M | 51.3M | 55.8M | 78.1M | 80.7M | 97.4M |
| Inventory | 111K | 1.2M | 1.5M | 2.2M | 3.1M | 3.2M | 3.2M | 3.4M | 3.6M | 5.5M | 6.5M | 7.7M |
| Total current assets | 226.7M | 397.4M | 340.3M | 304.8M | 373.8M | 360.1M | 264.9M | 218.9M | 207.8M | 229M | 276.6M | 295.9M |
| Property, plant & equipment | 2M | 2.1M | 3.2M | 2.9M | 2.5M | 1.5M | 1.4M | 1.2M | 1.2M | 1.1M | 1M | 971K |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 237M | 413.8M | 356.5M | 319.4M | 387M | 378.3M | 294.2M | 250.2M | 240.3M | 259.1M | 305.1M | 327.1M |
| Accounts payable | 5.8M | 12.6M | 8.4M | 7.7M | 7.1M | 10.5M | 11.6M | 4M | 1.1M | 5M | 6.4M | 5.4M |
| Short-term debt | 721K | 726K | 730K | 720K | 680K | 501K | 316K | 238K | 591K | 648K | 667K | 670K |
| Total current liabilities | 24M | 38.8M | 43.5M | 47M | 65.3M | 85.7M | 74M | 91.8M | 93.1M | 132M | 125M | 153.8M |
| Long-term debt | 99.9M | 138.3M | 149.3M | 174.6M | 175.7M | 201.4M | 203.2M | 205.7M | 209.2M | 211.2M | 165.6M | 166.4M |
| Total liabilities | 254.8M | 486.6M | 505M | 553.2M | 574.2M | 631.9M | 632.6M | 656.1M | 662.8M | 697.3M | 642.1M | 671.3M |
| Shareholders' equity | -17.8M | -72.8M | -148.5M | -233.8M | -187.1M | -253.6M | -338.4M | -405.8M | -422.5M | -438.2M | -337M | -344.3M |
| Total debt | 100.6M | 139M | 150M | 175.3M | 176.4M | 201.9M | 203.6M | 206M | 209.8M | 211.8M | 166.3M | 167.1M |
| Net debt | -113.1M | -242.4M | -172.2M | -101M | -158.3M | -95.4M | -8.8M | 56.4M | 74.7M | 81.8M | -14.6M | -15.4M |
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 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Net income | -1.3M | -255.1M | -129.1M | -143.9M | -197.7M | -201.6M | -334.3M | -221.2M |
| Depreciation & amortization | 0 | 8K | 323K | 521K | 620K | 575K | 795K | 633K |
| Stock-based compensation | 0 | 406K | 5.8M | 16.8M | 24.1M | 45M | 24M | 28.7M |
| Change in working capital | 225K | 2.1M | 23.6M | -9.5M | 8.3M | -5.9M | -8.2M | -18M |
| Operating cash flow | -1M | -121.1M | -97.7M | -130.6M | -143.6M | -129.8M | -260.5M | -166.8M |
| Capital expenditure | 0 | -132K | -1M | -328K | -1M | -1.6M | -135K | — |
| Investing cash flow | 0 | -132K | -1M | -328K | -1M | -1.6M | -135K | — |
| Dividends paid | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — |
| Financing cash flow | 1.9M | 304.6M | 113.8M | 42.8M | 120M | 367.5M | 181.2M | -1.9M |
| Net change in cash | 889K | 183.4M | 15.1M | -88.2M | -24.6M | 236M | -79.5M | -168.7M |
| Free cash flow | -1M | -61.8M | -70.7M | -148.8M | -147.6M | -139.2M | -266.9M | -167M |
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 | -43.2M | -79.6M | -82.9M | -91.4M | -85.6M | -74.5M | -94.3M | -75.8M | -30M | -21.1M | -30.4M | -17.6M |
| Depreciation & amortization | 121K | 185K | 214K | 197K | 191K | 193K | 177K | 172K | 156K | 128K | 110K | 114K |
| Stock-based compensation | 6.1M | 24.6M | 5.6M | 6.1M | 5.6M | 6.7M | 5.5M | 8.3M | 9.3M | 5.6M | 5.5M | 6.7M |
| Change in working capital | 1.1M | 3M | -7.6M | 2M | 769K | -3.3M | -16.8M | -4.3M | -3M | 7.3M | -5.2M | 2.7M |
| Operating cash flow | -28.4M | -41.4M | -69.6M | -68.3M | -64.7M | -57.9M | -93.7M | -62.7M | -14.1M | -5M | -15.6M | -1.9M |
| Capital expenditure | -939K | -475K | -40K | -46K | -44K | -5K | -18K | — | — | — | — | — |
| Investing cash flow | -939K | -475K | -40K | -46K | -44K | -5K | -18K | — | — | — | — | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 0 | 0 | 9.9M | 24.8M | 121.8M | 24.8M | 0 | 0 | 0 | -1.4M | 66M | 0 |
| Net change in cash | -29.4M | -41.9M | -59.8M | -43.6M | 57.1M | -33.1M | -93.7M | -62.7M | -14.1M | -6.4M | 50.4M | -1.9M |
| Free cash flow | -32.9M | -44.3M | -69.1M | -70.8M | -63.6M | -63.5M | -84.9M | -62.8M | -14.1M | -5.1M | -15.7M | -2M |