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 | -$0.56 | -$0.56 | 0.0% | — | $83.1M | — |
| Q4 25 | -$0.32 | -$0.53 | -65.6% | — | $76.4M | — |
| Q3 25 | -$0.42 | -$0.38 | +9.5% | — | $83.3M | — |
| Q2 25 | -$0.41 | -$0.35 | +14.6% | — | $79.2M | — |
| Q1 25 | -$0.49 | -$0.45 | +8.2% | — | $69.2M | — |
| Q4 24 | -$0.35 | -$0.35 | 0.0% | — | $68.2M | — |
| Q3 24 | -$0.49 | -$0.4 | +18.4% | — | $58.4M | — |
| Q2 24 | -$0.52 | -$0.5 | +3.8% | — | $53.4M | — |
| Q1 24 | -$0.56 | -$0.51 | +8.9% | — | $44.5M | — |
| Q4 23 | -$0.45 | -$0.54 | -20.0% | — | $43.6M | — |
| Q3 23 | -$0.52 | -$0.51 | +1.9% | — | $35.1M | — |
| Q2 23 | -$0.56 | -$0.56 | 0.0% | — | $33.1M | — |
| Q1 23 | -$0.59 | -$0.63 | -6.8% | — | $24.4M | — |
| Q4 22 | -$0.54 | -$0.56 | -3.7% | — | $23.8M | — |
| Q3 22 | -$0.48 | -$0.51 | -6.3% | — | $20.3M | — |
| Q2 22 | -$0.48 | -$0.43 | +10.4% | — | $16.7M | — |
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 | — | -$1.72 | — | — | $308.1M | — |
| FY24 | — | -$1.75 | — | — | $224.5M | — |
| FY23 | — | -$2.24 | — | — | $136.2M | — |
| FY22 | — | -$1.96 | — | — | $75M | — |
| FY21 | — | -$3.63 |
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 | $6.2M | $7.7M | $34.5M | $75M | $136.2M | $224.5M | $308.1M |
| YoY change | — | +25.1% | +346.7% | +117.6% | +81.6% | +64.8% | +37.2% |
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 | 6.2M | 7.7M | 34.5M | 75M | 136.2M | 224.5M | 308.1M |
| Cost of revenue | 8.1M | 9M | 18.6M | 37.9M | 65.1M | 87.4M | 111.8M |
| Gross profit | -1.9M | -1.3M | 15.9M | 37.1M | 71M | 137.1M | 196.2M |
| Gross margin | -30.6% | -16.3% | 46% | 49.4% | 52.2% | 61.1% | 63.7% |
| Research & development | 13.1M | 16.3M | 19M | 29M | 48.4M | 62.3M | 71.3M |
| Selling, general & administrative | 28.5M | 30.3M | 51M | 88.8M | 131.8M | 171.4M | 228.8M |
| Operating expenses | 41.7M | 46.5M | 70M | 117.8M | 180.2M | 233.7M | 300.1M |
| Operating income | -43.5M | -47.8M | -54.2M | -80.7M | -109.2M | -96.6M | -103.9M |
| Operating margin | -705.9% | -619.4% | -157.1% | -107.6% | -80.2% | -43% | -33.7% |
| Non-operating income, net | 1.1M | -140K | 45K | -3.7M | -283K | -1.5M | -156K |
| Pretax income | -42M | -53M | -59.9M | -87.2M | -105.9M | -91.4M | -95.4M |
| Income tax | — | — | — | — | — | — | 190K |
| Net income | -42M | -53M | -59.9M | -87.2M | -105.9M | -91.4M | -95.6M |
| Net margin | -680.4% | -687% | -173.6% | -116.2% | -77.8% | -40.7% | -31% |
| EBITDA | -41M | -44.8M | -50.9M | -75.6M | -98M | -81.9M | -85.4M |
| EPS | -1.25 | -1.51 | -3.63 | -1.96 | -2.24 | -1.75 | -1.72 |
| Diluted EPS | -1.25 | -1.51 | -3.63 | -1.96 | -2.24 | -1.75 | -1.72 |
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 | 35.1M | 43.6M | 44.5M | 53.4M | 58.4M | 68.2M | 69.2M | 79.2M | 83.3M | 76.4M | 83.1M | 94.5M |
| Cost of revenue | 16.2M | 22.3M | 19.5M | 21.9M | 21.5M | 24.6M | 25M | 27.4M | 29.3M | 30.1M | 29.2M | 32.1M |
| Gross profit | 18.9M | 21.3M | 25M | 31.5M | 36.9M | 43.7M | 44.2M | 51.7M | 54M | 46.3M | 53.9M | 62.4M |
| Gross margin | 53.8% | 48.8% | 56.2% | 59% | 63.2% | 64% | 63.9% | 65.4% | 64.8% | 60.6% | 64.9% | 66% |
| Research & development | 11.6M | 14.5M | 13.1M | 17.5M | 16.6M | 15.1M | 16.4M | 17.6M | 18.2M | 19.1M | 21.5M | 20.1M |
| Selling, general & administrative | 32.9M | 36.3M | 39.6M | 40.8M | 42.7M | 48.3M | 55.2M | 56.3M | 59M | 58.3M | 65.1M | 69.7M |
| Operating expenses | 44.5M | 50.8M | 52.7M | 58.3M | 59.3M | 63.4M | 71.6M | 73.9M | 77.2M | 77.4M | 86.6M | 89.8M |
| Operating income | -25.6M | -29.6M | -27.6M | -26.8M | -22.4M | -19.7M | -27.4M | -22.2M | -23.2M | -31M | -32.6M | -27.4M |
| Operating margin | -73% | -67.8% | -62.1% | -50.3% | -38.4% | -28.9% | -39.7% | -28% | -27.8% | -40.6% | -39.2% | -29% |
| Non-operating income, net | — | — | — | — | — | — | — | — | — | — | — | — |
| Pretax income | -24.6M | -27.5M | -26M | -25.6M | -21M | -18.9M | -24.7M | -19.6M | -21.4M | -29.7M | -31.7M | -26.8M |
| Income tax | — | — | — | — | — | — | — | — | — | — | -43K | 94K |
| Net income | -24.6M | -27.5M | -26M | -25.6M | -21M | -18.9M | -24.7M | -19.6M | -21.4M | -29.8M | -31.6M | -26.9M |
| Net margin | -70.1% | -63.1% | -58.3% | -48% | -35.9% | -27.6% | -35.8% | -24.7% | -25.7% | -39.1% | -38.1% | -28.4% |
| EBITDA | -22.5M | -25.1M | -23.7M | -23.3M | -18.5M | -16.4M | -22.4M | -17.1M | -18.9M | -27.1M | -29.1M | -23.9M |
| EPS | -0.51 | -0.54 | -0.51 | -0.5 | -0.4 | -0.35 | -0.45 | -0.35 | -0.38 | -0.53 | -0.56 | -0.47 |
| Diluted EPS | -0.51 | -0.54 | -0.51 | -0.5 | -0.4 | -0.35 | -0.45 | -0.35 | -0.38 | -0.53 | -0.56 | -0.47 |
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 | — | — | — | — | 2B | — | 1.7B | 988M |
| Enterprise value | — | — | — | — | 1.8B | — | 1.5B | 834.7M |
| Shares outstanding | 33.6M | 35.1M | 16.5M | 44.4M | 47.3M | 52.1M | 55.5M | 55.5M |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | -10 |
| P/S | — | — | — | — | 14.5 | — | 5.67 | 2.92 |
| P/B | — | — | — | — | 7.05 | — | 4.78 | 2.9 |
| EV/EBITDA | — | — | — | — | -18.4 | — | -18 | -7.58 |
| EV/Sales | — | — | — | — | 13.2 | — | 5 | 2.47 |
| Earnings yield | — | — | — | — | — | — | — | -9.98% |
| FCF yield | — | — | — | — | -6.73% | — | -3.34% | -4.96% |
| PEG | — | — | — | — | — | — | — | -0.29 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Gross margin | -30.6% | -16.3% | 46% | 49.4% | 52.2% | 61.1% | 63.7% | 66% |
| Operating margin | -705.9% | -619.4% | -157.1% | -107.6% | -80.2% | -43% | -33.7% | -32.1% |
| Net margin | -680.4% | -687% | -173.6% | -116.2% | -77.8% | -40.7% | -31% | -32.5% |
| ROE | 29.2% | 29% | -22.4% | -44.2% | -37.7% | -22.7% | -26.1% | -30.2% |
| ROA | -67.7% | -42.1% | -17.8% | -28.2% | -26.2% | -17.1% | -18.8% | -14.8% |
| ROIC | — | — | — | — | — | — | -65.8% | -65.8% |
| Return on tangible assets | -70.3% | -42.8% | -17.9% | -28.3% | -26.3% | -17.2% | -18.9% | -22.9% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Current ratio | 7.47 | 7.59 | 20.1 | 7.73 | 7.63 | 9.07 | 6.85 | 6.55 |
| Quick ratio | 6.49 | 7.08 | 19.3 | 6.92 | 6.77 | 8.01 | 5.77 | 5.35 |
| Debt / equity | -0.16 | -0.3 | 0.2 | 0.39 | 0.28 | 0.2 | 0.21 | 0.23 |
| Debt / assets | 0.37 | 0.43 | 0.16 | 0.25 | 0.2 | 0.15 | 0.15 | 0.16 |
| Net debt / EBITDA | 0.46 | 1.01 | 4.91 | 1.91 | 1.82 | 3.1 | 2.44 | 1.52 |
| Interest coverage | -57 | -9.08 | -9.3 | -15.8 | -25.5 | -20.8 | -25.6 | -30.5 |
| Effective tax rate | — | — | — | — | — | — | 0% | 0% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0.18 | 0.22 | 2.09 | 1.69 | 2.88 | 4.31 | 5.55 | 5.99 |
| EPS (basic) | -1.25 | -1.51 | -3.63 | -1.96 | -2.24 | -1.75 | -1.72 | -1.72 |
| EPS (diluted) | -1.25 | -1.51 | -3.63 | -1.96 | -2.24 | -1.75 | -1.72 | -1.95 |
| Book value per share | -4.28 | -5.21 | 16.2 | 4.44 | 5.94 | 7.72 | 6.59 | 5.94 |
| FCF per share | -1.53 | -1.38 | -3.51 | -1.87 | -2.82 | -1.99 | -1.05 | -1.49 |
| Cash per share | 1.25 | 2.85 | 18.5 | 5 | 5.44 | 6.4 | 5.16 | 3.98 |
| Capex per share | 0.23 | 0.01 | 0.04 | 0.06 | 0.53 | 0.08 | — | — |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Capex / revenue | 123.4% | 3.02% | 1.72% | 3.54% | 18.5% | 1.96% | — | — |
| Capex / operating cash flow | -17.6% | -0.45% | -1.02% | -2.95% | -22.2% | -4.25% | — | — |
| Payout ratio | — | — | — | — | — | — | — | 0% |
| Dividend yield | — | — | — | — | — | — | — | 2.79% |
Split-adjusted payout per share by ex-dividend date.
| Ex-dividend | Amount |
|---|---|
| Mar 31, 2025 | $0.04 |
| Feb 28, 2025 | $0.0402 |
| Jan 31, 2025 | $0.0403 |
| — |
| — |
| $34.5M |
| — |
| FY20 | — | -$1.51 | — | — | $7.7M | — |
| FY19 | — | -$1.25 | — | — | $6.2M | — |
| Q1 24 |
|---|
| Q2 24 |
|---|
| Q3 24 |
|---|
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $35.1M | $43.6M | $44.5M | $53.4M | $58.4M | $68.2M | $69.2M | $79.2M | $83.3M | $76.4M | $83.1M | $94.5M |
| YoY change | +72.5% | +83.3% | +82.5% | +61.2% | +66.3% | +56.6% | +55.3% | +48.4% | +42.8% | +11.9% | +20.2% | +19.3% |
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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 42M | 100.1M | 304.3M | 221.9M | 257.2M | 333.7M | 286.5M |
| Receivables | 1.1M | 1.5M | 4.5M | 15.3M | 48.4M | 83.5M | 83.5M |
| Inventory | 6.7M | 7.5M | 13.1M | 28.5M | 39.8M | 56.2M | 70.7M |
| Total current assets | 50.7M | 110.3M | 326.2M | 272.6M | 350.6M | 481.8M | 450.4M |
| Property, plant & equipment | 8.3M | 13.2M | 8.3M | 32.1M | 49M | 45.6M | 47.9M |
| Goodwill & intangibles | 2.3M | 2M | 1.8M | 1.5M | 2.4M | 1.9M | 1.4M |
| Total assets | 62M | 126M | 337M | 309.3M | 404.7M | 534M | 508.1M |
| Accounts payable | 1.4M | 1.2M | 2M | 9.4M | 13.5M | 10M | 17.3M |
| Short-term debt | — | 6.3M | 2.1M | 2.1M | 1.7M | 1.9M | 2.2M |
| Total current liabilities | 6.8M | 14.5M | 16.2M | 35.3M | 45.9M | 53.1M | 65.8M |
| Long-term debt | 23.2M | 48.5M | 52M | 75.2M | 77.5M | 78.3M | 76.3M |
| Total liabilities | 205.8M | 308.9M | 69.9M | 112.3M | 124M | 131.8M | 142.2M |
| Shareholders' equity | -143.8M | -182.9M | 267.1M | 197.1M | 280.8M | 402.2M | 365.9M |
| Total debt | 23.2M | 54.8M | 54.1M | 77.3M | 79.2M | 80.3M | 78.5M |
| Net debt | -18.8M | -45.4M | -250.2M | -144.5M | -178M | -253.5M | -208M |
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 | 287.1M | 257.2M | 225.6M | 214.1M | 196.8M | 333.7M | 316.2M | 302.7M | 294.3M | 286.5M | 245.6M | 227.9M |
| Receivables | 34.6M | 48.4M | 56.1M | 58.9M | 69M | 83.5M | 79.3M | 80.8M | 84.5M | 83.5M | 96.4M | 107.6M |
| Inventory | 42.2M | 39.8M | 41.6M | 43.9M | 50.9M | 56.2M | 62.3M | 67M | 66.7M | 70.7M | 77.5M | 77.1M |
| Total current assets | 368.7M | 350.6M | 329.2M | 321.9M | 323M | 481.8M | 465.8M | 458.1M | 454.8M | 450.4M | 428M | 420.3M |
| Property, plant & equipment | 47.7M | 49M | 48.4M | 47.3M | 45.9M | 45.6M | 46.7M | 46.9M | 47.9M | 47.9M | 48.9M | 48.6M |
| Goodwill & intangibles | 1.3M | 2.4M | 1.1M | 1.1M | 1M | 1.9M | 864K | 795K | 727K | 1.4M | 640K | 571K |
| Total assets | 421.1M | 404.7M | 382.9M | 374.4M | 374.1M | 534M | 519.4M | 513.1M | 511.5M | 508.1M | 487.1M | 479.4M |
| Accounts payable | 13.6M | 13.5M | 10.1M | 9.9M | 15.1M | 10M | 14.8M | 11.8M | 11.1M | 17.3M | 18.9M | 15.1M |
| Short-term debt | 1.7M | 1.7M | 1.7M | 1.8M | 1.8M | 1.9M | 4M | 2.1M | 2.1M | 2.2M | 2.4M | 2.5M |
| Total current liabilities | 41.4M | 45.9M | 38.6M | 42.8M | 53.6M | 53.1M | 52.1M | 49.7M | 53.9M | 65.8M | 63.6M | 64.2M |
| Long-term debt | 78M | 77.5M | 79.7M | 79.2M | 78.8M | 78.3M | 77.8M | 77.3M | 76.8M | 76.3M | 75.6M | 75M |
| Total liabilities | 121.8M | 124M | 118.9M | 122.6M | 132.9M | 131.8M | 130.2M | 127.3M | 131.3M | 142.2M | 139.4M | 139.3M |
| Shareholders' equity | 299.4M | 280.8M | 264M | 251.8M | 241.2M | 402.2M | 389.2M | 385.8M | 380.3M | 365.9M | 347.7M | 340.1M |
| Total debt | 79.7M | 79.2M | 81.4M | 81M | 80.6M | 80.3M | 81.8M | 79.4M | 78.9M | 78.5M | 78M | 77.5M |
| Net debt | -207.3M | -178M | -144.2M | -133.1M | -116.1M | -253.5M | -234.4M | -223.3M | -215.4M | -208M | -167.6M | -150.4M |
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 | -42M | -53M | -59.9M | -87.2M | -105.9M | -91.4M | -95.6M |
| Depreciation & amortization | 1.5M | 2.9M | 3.3M | 2.8M | 3.8M | 5.2M | 6.4M |
| Stock-based compensation | 2M | 2.2M | 3.8M | 10.3M | 19.1M | 31.8M | 47.6M |
| Change in working capital | -4.8M | -3.5M | -5M | -17.3M | -30.8M | -48.9M | -8.5M |
| Operating cash flow | -43.3M | -51.6M | -58M | -89.8M | -113.7M | -103.6M | -49M |
| Capital expenditure | -7.6M | -233K | -592K | -2.7M | -25.2M | -4.4M | — |
| Investing cash flow | 43.2M | -233K | -592K | -2.7M | -25.2M | -4.4M | — |
| Dividends paid | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — |
| Financing cash flow | 24.5M | 101.2M | 257.1M | -2.8M | 161.7M | 164.5M | 0 |
| Net change in cash | 24.4M | 49.4M | 198.4M | -95.3M | 22.8M | 56.5M | -49M |
| Free cash flow | -51.4M | -48.6M | -57.9M | -83M | -133.2M | -103.6M | -58.3M |
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 | -24.6M | -27.5M | -26M | -25.6M | -21M | -18.9M | -24.7M | -19.6M | -21.4M | -29.8M | -31.6M | -26.9M |
| Depreciation & amortization | 1.1M | 1.3M | 1.2M | 1.3M | 1.3M | 1.5M | 1.5M | 1.6M | 1.6M | 1.7M | 1.7M | 2M |
| Stock-based compensation | 5.3M | 5M | 6.3M | 8M | 8.5M | 9.1M | 10.1M | 12.2M | 14.5M | 10.8M | 13.1M | 14.5M |
| Change in working capital | -4.2M | -6M | -7.6M | -4.4M | -11.1M | -25.7M | 1.6M | -11.4M | -5.8M | 7M | -18.4M | -12.5M |
| Operating cash flow | -22.7M | -27.3M | -26.3M | -20.9M | -22.4M | -34.1M | -11.7M | -15M | -6.6M | -10.3M | -38.1M | -19.3M |
| Capital expenditure | -5.8M | -8.7M | -1.9M | -1M | -246K | -1.2M | -1.8M | — | — | — | — | — |
| Investing cash flow | -5.8M | -8.7M | -1.9M | -1M | -246K | -1.2M | -1.8M | — | — | — | — | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | — | 0 | — | — | — | 164.5M | — | — | — | — | — | — |
| Net change in cash | -28.4M | -36M | -28.2M | -21.9M | -22.6M | 129.2M | -13.5M | -15M | -6.6M | -10.3M | -38.1M | -19.3M |
| Free cash flow | -24.7M | -33.5M | -34.2M | -16.8M | -19M | -33.6M | -18.8M | -17.8M | -9.5M | -12.2M | -41M | -22.2M |
| Dec 31, 2024 |
| $0.0503 |
| Nov 29, 2024 | $0.0303 |
| Oct 31, 2024 | $0.0302 |
| Sep 30, 2024 | $0.03 |
| Aug 30, 2024 | $0.0402 |