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 22 | — | -$0.18 | — | — | — | — |
| Q4 21 | — | -$0.1 | — | — | — | — |
| Q3 21 | — | -$0.21 | — | — | — | — |
| Q2 21 | — | -$0.26 | — | — | — | — |
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 | — | -$4.6 | — | — | $4.7M | — |
| FY24 | — | $2.1 | — | — | $4.3M | — |
| FY23 | — | -$2.4 | — | — | $750K | — |
| FY22 | — | -$1.8 | — | — | $2.1M | — |
| FY21 | — | -$2.1 | — | — | $10M | — |
| FY20 | — | $0.2 | — | — | $8.3M | — |
| FY19 | — | $14.9 | — | — | $8.7M | — |
| FY18 | — | -$1.6 | — | — | $16.4M | — |
| FY17 | — | $1.3 | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.3M | $650K | $16.4M | $8.7M | $8.3M | $10M | $2.1M | $750K | $4.3M | $4.7M |
| YoY change | -63.4% | -85% | +2.4K% | -46.9% | -3.99% | +19.6% | -79.1% | -64.1% | +475.3% | +7.97% |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 4.3M | 650K | 16.4M | 8.7M | 8.3M | 10M | 2.1M | 750K | 4.3M | 4.7M |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — |
| Research & development | 30.4M | 52.7M | 57.3M | 65.2M | 61.2M | 78.3M | 111.3M | 73.7M | 54.3M | 45.7M |
| Selling, general & administrative | 17.7M | 23.9M | 24.4M | 34.9M | 26.5M | 26.7M | 31.6M | 25.2M | 27.5M | 20.7M |
| Operating expenses | 49.9M | 78.2M | 83.4M | 101.5M | 89.3M | 107.1M | 148.1M | 100.5M | 83.3M | 67.4M |
| Operating income | -73.9M | -115.4M | -104M | -135.4M | -119.5M | -150.3M | -197.8M | -146.2M | -136.1M | -98.5M |
| Operating margin | -1.7K% | -17.8K% | -635.4% | -1.6K% | -1.4K% | -1.5K% | -9.5K% | -19.5K% | -3.2K% | -2.1K% |
| Non-operating income, net | — | — | — | — | — | — | — | — | — | — |
| Pretax income | -83.2M | -70.7M | -68.4M | 478.5M | 19M | -59M | -92.8M | -36.1M | 23.8M | -110.9M |
| Income tax | -1.6M | 4.4M | 2.2M | 112.4M | 14.4M | 3.8M | -55.7M | 30.5M | -4M | -842K |
| Net income | -81.6M | -75.1M | -70.7M | 366.1M | 4.6M | -62.7M | -37.1M | -66.6M | 27.8M | -110.1M |
| Net margin | -1.9K% | -11.6K% | -431.6% | 4.2K% | 54.8% | -628.4% | -1.8K% | -8.9K% | 643.8% | -2.4K% |
| EBITDA | -77.5M | -138.5M | -109.6M | -94.8M | -144.8M | -214.9M | -202.7M | -159.9M | -104.5M | -102.4M |
| EPS | -2.1 | 1.3 | -1.6 | 14.9 | 0.2 | -2.1 | -1.8 | -2.4 | 2.1 | -4.6 |
| Diluted EPS | -2.1 | 1.3 | -1.6 | 14.4 | 0.2 | -2.1 | -1.8 | -2.4 | 2.1 | -4.6 |
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 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 281.5M | 188.7M | 250.9M | 162.4M | 403.9M | 465.7M | 350.1M | 327.1M | 367.3M | 277.3M |
| Receivables | 125K | 1.8M | 1.3M | 2M | 2.6M | 3.2M | 11.9M | 2.4M | 1.5M | 1.8M |
| Inventory | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 288.2M | 198.1M | 259.8M | 168.8M | 414.3M | 501.8M | 386.2M | 347.2M | 386.3M | 305M |
| Property, plant & equipment | 4.2M | 4M | 3.4M | 26.2M | 24.8M | 25.5M | 13.3M | 4.2M | -36K | -3.7M |
| Goodwill & intangibles | 7M | 6.6M | 6.2M | 1.3M | 1.8M | 2M | 1.7M | 1.8M | 1.2M | 1.2M |
| Total assets | 298.7M | 339.8M | 441.8M | 941.2M | 990M | 946M | 702.6M | 694M | 602.6M | 534.7M |
| Accounts payable | 2.1M | 3.4M | 4.6M | 11.1M | 8.9M | 11.3M | 26.5M | 14.6M | 5.5M | 3.1M |
| Short-term debt | 7M | 7.5M | 12M | 4.4M | 29.7M | 9.4M | 12.5M | 7.1M | 7.7M | 8.5M |
| Total current liabilities | 204.1M | 273.9M | 265.8M | 139.2M | 180.9M | 226.1M | 96.9M | 51.4M | 41.4M | 46.3M |
| Long-term debt | — | 410K | 357K | 34.9M | 46.9M | 43.3M | 34.4M | 18.3M | 14.7M | 11.1M |
| Total liabilities | 206.3M | 280.2M | 274.8M | 290.8M | 336.5M | 361.9M | 155.1M | 235.7M | 194.7M | 229M |
| Shareholders' equity | 92.4M | 59.6M | 167M | 650.4M | 653.5M | 584.1M | 547.6M | 458.2M | 407.9M | 305.7M |
| Total debt | 7M | 7.9M | 12.4M | 39.3M | 76.6M | 52.7M | 46.9M | 25.3M | 22.4M | 19.6M |
| Net debt | -56M | -64.8M | -104.7M | -93.1M | -327.3M | -413M | -103M | -165.7M | -258.3M | -232.9M |
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 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market cap | — | — | — | — | 1.5B | 1.1B | 908.4M | 778.6M | 469.7M | 400.7M | 400.7M |
| Enterprise value | — | — | — | — | 1.2B | 647.4M | 605.2M | 476.8M | 124.8M | 143M | 143M |
| Shares outstanding | 23M | 23.6M | 27.4M | 28.3M | 28.6M | 28.7M | 28.5M | 27.6M | 25.4M | 24.1M | 24.1M |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | 337.6 | — | — | — | 16.9 | — | — |
| P/S | — | — | — | — | 184.9 | 106.3 | 434.6 | 1K | 108.9 | 86 | 86 |
| P/B | — | — | — | — | 2.36 | 1.82 | 1.66 | 1.7 | 1.15 | 1.31 | 1.31 |
| EV/EBITDA | — | — | — | — | -8.39 | -3.01 | -2.99 | -2.98 | -1.19 | -1.4 | -1.4 |
| EV/Sales | — | — | — | — | 145.7 | 64.9 | 289.6 | 635.8 | 28.9 | 30.7 | 30.7 |
| Earnings yield | — | — | — | — | 0.3% | — | — | — | 5.91% | — | — |
| FCF yield | — | — | — | — | -8.9% | -15.5% | -19.9% | -13.6% | -28.6% | -21.2% | -21.2% |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | -1.7K% | -17.8K% | -635.4% | -1.6K% | -1.4K% | -1.5K% | -9.5K% | -19.5K% | -3.2K% | -2.1K% | -2.1K% |
| Net margin | -1.9K% | -11.6K% | -431.6% | 4.2K% | 54.8% | -628.4% | -1.8K% | -8.9K% | 643.8% | -2.4K% | -2.4K% |
| ROE | -88.3% | -126% | -42.3% | 56.3% | 0.7% | -10.7% | -6.77% | -14.5% | 6.81% | -36% | -36% |
| ROA | -27.3% | -22.1% | -16% | 38.9% | 0.46% | -6.63% | -5.28% | -9.6% | 4.61% | -20.6% | -20.6% |
| ROIC | 40.6% | 95.2% | 145.4% | -19.6% | -8.82% | -87.8% | -80.9% | -93.5% | -216.1% | -205.4% | -205.4% |
| Return on tangible assets | -28% | -22.5% | -16.2% | 38.9% | 0.46% | -6.64% | -5.29% | -9.63% | 4.62% | -20.6% | -20.6% |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 1.41 | 0.72 | 0.98 | 1.21 | 2.29 | 2.22 | 3.99 | 6.76 | 9.33 | 6.59 | 6.59 |
| Quick ratio | 1.41 | 0.72 | 0.98 | 1.21 | 2.29 | 2.22 | 3.99 | 6.76 | 9.33 | 6.59 | 6.59 |
| Debt / equity | 0.08 | 0.13 | 0.07 | 0.06 | 0.12 | 0.09 | 0.09 | 0.06 | 0.05 | 0.06 | 0.06 |
| Debt / assets | 0.02 | 0.02 | 0.03 | 0.04 | 0.08 | 0.06 | 0.07 | 0.04 | 0.04 | 0.04 | 0.04 |
| Net debt / EBITDA | 3.54 | 1.31 | 2.18 | 1.3 | 2.26 | 1.92 | 1.5 | 1.89 | 3.3 | 2.52 | 2.52 |
| Interest coverage | -188.1 | -99.4 | -173.6 | 182 | 7.44 | -11.5 | -22.5 | -1.68 | 3.37 | -1.42 | -1.42 |
| Effective tax rate | 0% | 0% | 0% | 23.5% | 75.9% | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0.19 | 0.03 | 0.6 | 0.31 | 0.29 | 0.35 | 0.07 | 0.03 | 0.17 | 0.19 | 0.19 |
| EPS (basic) | -2.1 | 1.3 | -1.6 | 14.9 | 0.2 | -2.1 | -1.8 | -2.4 | 2.1 | -4.6 | -4.6 |
| EPS (diluted) | -2.1 | 1.3 | -1.6 | 14.4 | 0.2 | -2.1 | -1.8 | -2.4 | 2.1 | -4.6 | -4.6 |
| Book value per share | 4.03 | 2.53 | 6.1 | 22.9 | 22.9 | 20.4 | 19.2 | 16.6 | 16 | 12.7 | 12.7 |
| FCF per share | -2.69 | -3.86 | -2.82 | -3.91 | -4.81 | -5.72 | -6.36 | -3.84 | -5.28 | -3.54 | -3.54 |
| Cash per share | 12.3 | 8.01 | 9.16 | 5.73 | 14.1 | 16.2 | 12.3 | 11.8 | 14.4 | 11.5 | 11.5 |
| Capex per share | 0.16 | 0.09 | 0.15 | 0.42 | 0.18 | 0.19 | 0.08 | — | — | — | — |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Capex / revenue | 84.8% | 321.7% | 25.9% | 137.5% | 62% | 55.5% | 104.1% | — | — | — | — |
| Capex / operating cash flow | -6.09% | 12.9% | -6.84% | 2.77% | 45.8% | -11.9% | -7.39% | — | — | — | — |
| Payout ratio | -0.12% | -0.12% | -1.51% | 0.03% | — | — | — | — | — | — | — |
| — |
| $650K |
| — |
| FY16 | — | -$2.1 | — | — | $4.3M | — |
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 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -81.6M | -75.1M | -70.7M | 366.1M | 4.6M | -62.7M | -37.1M | -66.6M | 27.8M | -110.1M |
| Depreciation & amortization | — | — | — | — | — | — | — | — | — | — |
| Stock-based compensation | 10.2M | 11.8M | 12.6M | 14.5M | 10.7M | 13.9M | 14.7M | 4.4M | 22.9M | 8.2M |
| Change in working capital | 405K | -2.4M | 4.1M | 3.9M | -5.8M | -2.1M | -5.3M | 10.8M | 721K | -236K |
| Operating cash flow | -60.4M | 16.2M | -62M | 430.6M | 11.3M | -46.4M | -29.5M | -105.9M | -134.4M | -85.1M |
| Capital expenditure | -3.7M | -2.1M | -4.2M | -11.9M | -5.2M | -5.5M | -2.2M | — | — | — |
| Investing cash flow | -43.2M | 67.4M | -39.5M | 64.3M | 364.7M | 197.5M | -107.2M | 68.4M | 240.6M | 63M |
| Dividends paid | -100K | -91K | -1.1M | -112K | — | — | — | — | — | — |
| Share repurchases | 0 | -66K | -35K | 0 | 0 | 0 | -26.5M | -19.6M | -107.6M | -2.1M |
| Financing cash flow | 29.4M | 14.7M | 163M | 51.9M | 66.8M | 28.3M | -25.4M | 81.5M | -13.6M | -2.7M |
| Net change in cash | -74.2M | 98.3M | 61.5M | 546.8M | 442.8M | 179.4M | -162.1M | 43.9M | 92.7M | -24.9M |
| Free cash flow | -61.7M | -90.9M | -77.3M | -110.7M | -137.3M | -163.9M | -181M | -106.2M | -134.4M | -85.1M |