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 | -$0.28 | -$0.3 | -7.1% | — | $22.4M | — |
| Q1 26 | -$0.28 | -$0.29 | -3.6% | — | $15.5M | — |
| Q4 25 | -$0.28 | -$0.26 | +7.1% | — | $17.3M | — |
| Q3 25 | -$0.27 | -$0.24 | +11.1% | — | $14.5M | — |
| Q2 25 | -$0.24 | -$0.23 | +4.2% | — | — | — |
| Q1 25 | -$0.25 | -$0.18 | +28.0% | — | — | — |
| Q4 24 | -$0.28 | -$0.23 | +17.9% | — | — | — |
| Q3 24 | -$0.34 | -$0.64 | -88.2% | — | — | — |
| Q2 24 | -$0.38 | -$0.24 | +36.8% | — | — | — |
| Q1 24 | -$0.38 | -$0.26 | +31.6% | — | — | — |
| Q4 23 | -$0.48 | -$0.54 | -12.5% | — | — | — |
| Q3 23 | -$0.53 | -$0.48 | +9.4% | — | — | — |
| Q2 23 | -$0.53 | -$0.5 | +5.7% | — | $16.7M | — |
| Q1 23 | -$0.58 | -$0.61 | -5.2% | — | $18.9M | — |
| Q4 22 | -$0.64 | -$0.67 | -4.7% | — | $16.7M | — |
| Q3 22 | -$0.64 | -$0.58 | +9.4% | — | $14.9M | — |
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 | — | -$0.91 | — | — | $69.6M | — |
| FY24 | — | -$1.37 | — | — | $84.6M | — |
| FY23 | — | -$2.25 | — | — | $73.5M | — |
| FY22 | — | -$2.48 | — | — | $65M | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $9.4M | $37.8M | $65.2M | $78.6M | $85.5M | $65M | $73.5M | $84.6M | $69.6M |
| YoY change | — | +302.2% | +72.6% | +20.6% | +8.7% | -23.9% | +13% | +15.2% | -17.7% |
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 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 9.4M | 37.8M | 65.2M | 78.6M | 85.5M | 65M | 73.5M | 84.6M | 69.6M |
| Cost of revenue | 11.7M | 26M | 43.1M | 58.5M | 53.8M | 51.7M | 55.3M | 57.8M | 53.9M |
| Gross profit | -2.3M | 11.8M | 22.1M | 20.1M | 31.7M | 13.3M | 18.2M | 26.8M | 15.8M |
| Gross margin | -24.9% | 31.3% | 33.9% | 25.6% | 37% | 20.5% | 24.8% | 31.7% | 22.7% |
| Research & development | 9.9M | 14.3M | 22.4M | 28.6M | 49.3M | 64.9M | 64.8M | 48.9M | 50.3M |
| Selling, general & administrative | 9.9M | 11.3M | 22.1M | 33.7M | 47.7M | 64M | 49.7M | 46.2M | 53.6M |
| Operating expenses | 19.8M | 25.6M | 44.5M | 62.3M | 97M | 128.9M | 114.5M | 95.1M | 103.8M |
| Operating income | -22.2M | -13.8M | -22.4M | -42.1M | -65.4M | -115.5M | -96.3M | -68.3M | -88.1M |
| Operating margin | -236% | -36.5% | -34.4% | -53.6% | -76.4% | -177.6% | -131% | -80.7% | -126.4% |
| Non-operating income, net | -227K | -4.5M | -3.1M | -24K | -42K | 61K | -17.7M | -18.5M | -142K |
| Pretax income | -23.6M | -19.9M | -25.1M | -41.2M | -65.2M | -113.3M | -108.2M | -81.3M | -81.2M |
| Income tax | 5K | 7K | 9K | 57K | 14K | 40K | 83K | 18K | 21K |
| Net income | -23.6M | -19.9M | -25.1M | -41.3M | -65.2M | -113.3M | -108.3M | -81.3M | -81.3M |
| Net margin | -251.2% | -52.6% | -38.5% | -52.5% | -76.3% | -174.2% | -147.4% | -96.1% | -116.7% |
| EBITDA | -21.1M | -10.3M | -17.5M | -35.5M | -59M | -104.6M | -83.2M | -70.3M | -71M |
| EPS | -1.08 | -0.91 | -1.39 | -1.2 | -1.49 | -2.48 | -2.25 | -1.37 | -0.91 |
| Diluted EPS | -1.08 | -0.91 | -1.39 | -1.2 | -1.49 | -2.48 | -2.25 | -1.37 | -0.91 |
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 | — | — | — | — | — | — | — | — | 14.5M | 17.3M | 15.5M | 22.4M |
| Cost of revenue | — | — | — | — | — | — | — | — | 12.6M | 15.4M | 15.2M | 17.6M |
| Gross profit | 3.5M | 5.2M | 5.5M | 8M | 8.7M | 4.5M | 7.2M | 4.8M | 1.9M | 1.9M | 281K | 4.7M |
| Gross margin | — | — | — | — | — | — | — | — | 13.2% | 11% | 1.82% | 21.2% |
| Research & development | — | — | — | — | — | — | — | — | 12.2M | 13.1M | 14.5M | 16.3M |
| Selling, general & administrative | — | — | — | — | — | — | — | — | 13M | 14.1M | 17.9M | 22M |
| Operating expenses | — | — | — | — | — | — | — | — | 25.2M | 27.2M | 32.4M | 38.3M |
| Operating income | — | — | — | — | — | — | — | — | -23.3M | -25.3M | -32.2M | -33.6M |
| Operating margin | — | — | — | — | — | — | — | — | -160.7% | -145.7% | -207.9% | -150.2% |
| Non-operating income, net | — | — | — | — | — | — | — | — | 26K | -42K | 20K | -16K |
| Pretax income | — | — | — | — | — | — | — | — | -21.6M | -23.8M | -30M | -31.7M |
| Income tax | — | — | — | — | — | — | — | — | 3K | 9K | 16K | 5K |
| Net income | — | — | — | — | — | — | — | — | -21.7M | -23.8M | -30M | -31.7M |
| Net margin | — | — | — | — | — | — | — | — | -149.4% | -137.3% | -194.1% | -141.7% |
| EBITDA | — | — | — | — | — | — | — | — | -19.1M | -21.3M | -27.6M | -29.2M |
| EPS | -0.6 | — | -0.26 | -0.24 | -0.64 | -0.23 | -0.18 | -0.23 | -0.24 | -0.26 | -0.29 | -0.3 |
| Diluted EPS | -0.6 | — | -0.26 | -0.24 | -0.64 | -0.23 | -0.18 | -0.23 | -0.24 | -0.26 | -0.29 | -0.3 |
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 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| Market cap | — | — | — | — | — | 90.5M | 101.2M | — | — | 1.7B |
| Enterprise value | — | — | — | — | — | -28.5M | 34.7M | — | — | 1.6B |
| Shares outstanding | 21.8M | 21.8M | 18M | 34.4M | 43.9M | 45.7M | 48.2M | 59.3M | 89.2M | 89.2M |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | — | — | -18 |
| P/S | — | — | — | — | — | 1.39 | 1.38 | — | — | 25.1 |
| P/B | — | — | — | — | — | 0.41 | 0.78 | — | — | 7.41 |
| EV/EBITDA | — | — | — | — | — | 0.27 | -0.42 | — | — | -15.1 |
| EV/Sales | — | — | — | — | — | -0.44 | 0.47 | — | — | 22.7 |
| Earnings yield | — | — | — | — | — | — | — | — | — | -5.57% |
| FCF yield | — | — | — | — | — | -132.7% | -66.4% | — | — | -3.22% |
| PEG | — | — | — | — | — | — | — | — | — | -0.59 |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin | -24.9% | 31.3% | 33.9% | 25.6% | 37% | 20.5% | 24.8% | 31.7% | 22.7% | 21.2% |
| Operating margin | -236% | -36.5% | -34.4% | -53.6% | -76.4% | -177.6% | -131% | -80.7% | -126.4% | -150.2% |
| Net margin | -251.2% | -52.6% | -38.5% | -52.5% | -76.3% | -174.2% | -147.4% | -96.1% | -116.7% | -153.8% |
| ROE | 25.5% | 18.7% | -23.5% | -21.2% | -21% | -51.9% | -83.7% | -40% | -31.1% | -50.3% |
| ROA | -70.3% | -47.7% | -15.9% | -16.9% | -16.4% | -38.7% | -48.1% | -30.1% | -24.3% | -25% |
| ROIC | 22.7% | 11.4% | 114.4% | -1.6K% | -80.1% | -116.5% | -152.9% | -109.8% | -143.9% | -188.9% |
| Return on tangible assets | -70.3% | -47.7% | -15.9% | -16.9% | -16.4% | -38.7% | -48.1% | -30.1% | -24.3% | -34.3% |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 0.55 | 0.51 | 2.79 | 5.43 | 10.2 | 6.03 | 3.11 | 6.52 | 6.76 | 5.28 |
| Quick ratio | 0.53 | 0.47 | 2.77 | 5.37 | 10 | 5.83 | 2.99 | 6.39 | 6.63 | 5.12 |
| Debt / equity | -0.19 | -0.05 | 0.02 | 0.06 | 0.19 | 0.22 | 0.37 | 0.22 | 0.15 | 0.16 |
| Debt / assets | 0.52 | 0.12 | 0.01 | 0.04 | 0.15 | 0.17 | 0.21 | 0.16 | 0.12 | 0.12 |
| Net debt / EBITDA | 0.24 | 1.43 | 7.22 | 5.42 | 3.88 | 1.14 | 0.8 | 2 | 2.82 | 1.8 |
| Interest coverage | -17.1 | -9.5 | -21.1 | -20.6K | -353.4 | -562.6 | -982.8 | -3.4K | -395.3 | -502 |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0.43 | 1.74 | 3.62 | 2.29 | 1.95 | 1.42 | 1.53 | 1.43 | 0.78 | 0.71 |
| EPS (basic) | -1.08 | -0.91 | -1.39 | -1.2 | -1.49 | -2.48 | -2.25 | -1.37 | -0.91 | -0.91 |
| EPS (diluted) | -1.08 | -0.91 | -1.39 | -1.2 | -1.49 | -2.48 | -2.25 | -1.37 | -0.91 | -1.09 |
| Book value per share | -4.26 | -4.89 | 5.92 | 5.67 | 7.07 | 4.77 | 2.69 | 3.43 | 2.93 | 2.21 |
| FCF per share | -0.22 | -0.1 | -1.47 | -1.34 | -1.87 | -2.63 | -1.39 | -0.79 | -0.89 | -0.96 |
| Cash per share | 1.04 | 0.91 | 7.12 | 5.91 | 6.54 | 3.67 | 2.37 | 3.12 | 2.69 | 1.99 |
| Capex per share | 0.24 | 0.36 | 0.47 | 0.09 | 0.25 | 1.09 | 0.23 | 0.02 | — | — |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| Capex / revenue | 54.9% | 20.8% | 12.9% | 4.13% | 13% | 76.7% | 14.8% | 1.61% | — | — |
| Capex / operating cash flow | -647.2% | 575.2% | -40.8% | -7.33% | -15.1% | -72% | -16% | -2.29% | — | — |
| Payout ratio | — | — | — | — | — | — | — | — | — | 0% |
| FY21 |
| — |
| -$1.49 |
| — |
| — |
| $85.5M |
| — |
| FY20 | — | -$1.2 | — | — | $78.6M | — |
| FY19 | — | -$1.39 | — | — | $65.2M | — |
| FY18 | — | -$0.91 | — | — | $37.8M | — |
| FY17 | — | -$1.08 | — | — | $9.4M | — |
| 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 | — | — | — | — | — | — | — | — | $14.5M | $17.3M | $15.5M | $22.4M |
| YoY change | — | — | — | — | — | — | — | — | — | — | — | — |
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 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 22.6M | 19.7M | 128.3M | 203.3M | 287.1M | 167.7M | 114.2M | 185M | 240M |
| Receivables | 1.9M | 4.5M | 3.3M | 6.3M | 18.5M | 16.6M | 17.7M | 8.1M | 16.2M |
| Inventory | 822K | 2.1M | 1.4M | 2.7M | 4.1M | 6.4M | 5.7M | 4M | 5.3M |
| Total current assets | 26.7M | 29.6M | 139.6M | 220.7M | 318.2M | 199.7M | 146.7M | 203M | 268M |
| Property, plant & equipment | 6.3M | 11.5M | 16M | 22.1M | 73.5M | 88.4M | 75.2M | 64.7M | 59.9M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — |
| Total assets | 33.6M | 41.7M | 157.3M | 244.8M | 396.5M | 292.7M | 225.1M | 270.3M | 334.2M |
| Accounts payable | 4M | 6.6M | 7.3M | 8.3M | 9.2M | 12.9M | 14.9M | 6.4M | 13M |
| Short-term debt | 17.5M | 5M | 1.4M | 2.4M | 5.5M | 7.6M | 9.4M | 9.4M | 8.1M |
| Total current liabilities | 49M | 57.9M | 50M | 40.6M | 31.3M | 33.1M | 47.2M | 31.1M | 39.6M |
| Long-term debt | — | 121K | 639K | 8.5M | 52.8M | 41M | 38.3M | 34.9M | 31.9M |
| Total liabilities | 126.2M | 148.1M | 50.6M | 49.9M | 86.2M | 74.6M | 95.7M | 67.3M | 73M |
| Shareholders' equity | -92.6M | -106.4M | 106.7M | 194.9M | 310.3M | 218.1M | 129.4M | 203M | 261.2M |
| Total debt | 17.5M | 5.1M | 2M | 11M | 58.3M | 48.6M | 47.7M | 44.2M | 39.9M |
| Net debt | -5.1M | -14.6M | -53M | -57.5M | -47.3M | -40.5M | -9.3M | -47.2M | -84.3M |
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 | 120.7M | 114.2M | 95.4M | 87M | 143.7M | 185M | 185.7M | 173.2M | 150.5M | 240M | 233.2M | 212.7M |
| Receivables | 13.7M | 17.7M | 11.3M | 12.9M | 13.5M | 8.1M | 11M | 10M | 14.4M | 16.2M | 13M | 15.1M |
| Inventory | 5.1M | 5.7M | 5M | 4.7M | 6.3M | 4M | 4.2M | 4.6M | 3.7M | 5.3M | 5.3M | 7.7M |
| Total current assets | 148.2M | 146.7M | 120.4M | 113.1M | 170.3M | 203M | 206.4M | 193.3M | 174.4M | 268M | 258.2M | 245.1M |
| Property, plant & equipment | 74.9M | 75.2M | 72M | 69.8M | 67M | 64.7M | 64M | 61.5M | 62.3M | 59.9M | 63.4M | 63.4M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 226.6M | 225.1M | 195.3M | 185.5M | 239.9M | 270.3M | 273.3M | 258.7M | 242.8M | 334.2M | 325.4M | 312.1M |
| Accounts payable | 9M | 14.9M | 9.2M | 9.9M | 12.4M | 6.4M | 7.9M | 9.9M | 11.1M | 13M | 12.7M | 16M |
| Short-term debt | 8.1M | 9.4M | 9.5M | 9.4M | 9.1M | 9.4M | 10.3M | 9M | 8.4M | 8.1M | 7.8M | 7.8M |
| Total current liabilities | 32.5M | 47.2M | 31.4M | 34.1M | 36.4M | 31.1M | 29.9M | 31.7M | 36.2M | 39.6M | 39M | 46.4M |
| Long-term debt | 39.2M | 38.3M | 37.4M | 37.2M | 36M | 34.9M | 34.1M | 33.4M | 32.7M | 31.9M | 31M | 30.2M |
| Total liabilities | 75.4M | 95.7M | 74.6M | 73.2M | 73.1M | 67.3M | 66M | 67.9M | 71.4M | 73M | 70.6M | 77M |
| Shareholders' equity | 151.2M | 129.4M | 120.7M | 112.3M | 166.8M | 203M | 207.3M | 190.8M | 171.4M | 261.2M | 254.8M | 235.2M |
| Total debt | 47.3M | 47.7M | 46.9M | 46.7M | 45.2M | 44.2M | 44.4M | 42.4M | 41M | 39.9M | 38.8M | 38M |
| Net debt | -24.9M | -9.3M | 2.9M | -1.1M | -30.6M | -47.2M | -26.6M | -10.9M | -8.9M | -84.3M | -34.8M | -56M |
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 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|
| Net income | -23.6M | -19.9M | -25.1M | -41.3M | -65.2M | -113.3M | -108.3M | -81.3M | -81.3M |
| Depreciation & amortization | 1.2M | 3.1M | 4.7M | 5.8M | 6M | 8.4M | 11.3M | 10.9M | 10M |
| Stock-based compensation | 753K | 1.3M | 4.9M | 8.2M | 14.4M | 19.4M | 14.1M | 10.7M | 9.4M |
| Change in working capital | 19.9M | 15.7M | -6.7M | -18.4M | -31.9M | 11.6M | 9M | -1.3M | -10.3M |
| Operating cash flow | -797K | 1.4M | -20.5M | -44.3M | -73.6M | -69.3M | -68.3M | -59.5M | -74.9M |
| Capital expenditure | -5.2M | -7.9M | -8.4M | -3.2M | -11.1M | -49.9M | -10.9M | -1.4M | — |
| Investing cash flow | -5.2M | -7.9M | -81.6M | -65.1M | -60.1M | 52.5M | 13.1M | -35.1M | -18.1M |
| Dividends paid | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 16.3M | -667K | 133.6M | 117.1M | 165.2M | -1.1M | 3.7M | 95.5M | 127.2M |
| Net change in cash | 10.4M | -7.2M | 31.4M | 7.7M | 31.6M | -17.9M | -51.6M | 900K | 34.2M |
| Free cash flow | -4.9M | -2.3M | -26.5M | -45.9M | -81.9M | -120.1M | -67.2M | -46.8M | -79.5M |
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 | — | — | — | — | — | — | — | — | -21.7M | -23.8M | -30M | -31.7M |
| Depreciation & amortization | — | — | — | — | — | — | — | — | 2.5M | 2.5M | 2.4M | 2.4M |
| Stock-based compensation | — | — | — | — | — | — | — | — | 2.1M | 2.3M | 2.6M | 4M |
| Change in working capital | 604K | 5.9M | -5.6M | 536K | 966K | -4.8M | 2M | 1.7M | -5.9M | -3.2M | 3.3M | -1.7M |
| Operating cash flow | 604K | 5.9M | -5.6M | 536K | 966K | -4.8M | 2M | 1.7M | -21.8M | -22.2M | -22.5M | -25.8M |
| Capital expenditure | — | — | — | — | — | — | — | — | — | — | — | — |
| Investing cash flow | — | — | — | — | — | — | — | — | 20.4M | -14.3M | -42.9M | 41.9M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | — | — | — | — | — | — | — | — | -411K | 108.6M | 17.5M | 4.4M |
| Net change in cash | 604K | 5.9M | -5.6M | 536K | 966K | -4.8M | 2M | 1.7M | -1.9M | 72.1M | -47.9M | 20.6M |
| Free cash flow | — | — | — | — | — | — | — | — | -23.4M | -22.3M | -25.7M | -29.6M |