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 % |
|---|---|---|---|---|---|---|
| Q4 19 | — | -$0.13 | — | — | — | — |
| Q3 19 | — | $0.48 | — | — | — | — |
| Q2 19 | — | $0.61 | — | — | — | — |
| Q1 19 | -$360 | -$102.2 | +71.6% | — | — | — |
| Q4 18 | -$0.34 | -$3.8 | -1017.6% | — | $14.6M | — |
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 | — | -$4.68 | — | — | — | — |
| FY24 | — | -$9.88 | — | — | $68.9M | — |
| FY23 | — | -$27.4 | — | — | $67.1M | — |
| FY22 | — | $55.5 | — | — | $83.8M |
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 | $42.5M | $59.6M | $84.4M | $102.4M | $65.8M | $47.9M | $83.8M | $67.1M | $68.9M | — |
| YoY change | -17.6% | +40.4% | +41.6% | +21.3% | -35.8% | -27.1% | +74.8% | -19.9% | +2.59% | — |
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 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 42.5M | 59.6M | 84.4M | 102.4M | 65.8M | 47.9M | 83.8M | 67.1M | 68.9M | — |
| Cost of revenue | 35.2M | 43.7M | 80.3M | 72.5M | 46.2M | 40.7M | 64.4M | 48.2M | 48M | — |
| Gross profit | 7.2M | 16M | 4.2M | 29.9M | 19.6M | 7.2M | 19.4M | 18.9M | 20.9M | — |
| Gross margin | 17.1% | 26.8% | 4.92% | 29.2% | 29.8% | 15.1% | 23.2% | 28.1% | 30.3% | — |
| Research & development | 6.9M | 7.6M | 3.2M | 3.1M | 7M | 5.8M | 9M | 8.8M | 14.3M | — |
| Selling, general & administrative | 25.8M | 37.2M | 42.7M | 50.4M | 30.5M | 54M | 93.4M | 87.4M | 74.1M | — |
| Operating expenses | 32.4M | 44.7M | 45.5M | 52.3M | 36.4M | 59.5M | 102.4M | 95.9M | 88.3M | — |
| Operating income | -39.6M | -30.5M | -40.6M | -23.1M | -19M | -60.5M | -82.3M | -68M | -71.5M | — |
| Operating margin | -93.3% | -51.1% | -48% | -22.6% | -28.8% | -126.1% | -98.2% | -101.3% | -103.9% | — |
| Non-operating income, net | 5.1K | 57.7K | -4M | -740.7K | 523.6K | 35.4M | 172.1M | -4.5M | -1.8M | — |
| Pretax income | -40.3M | -30.9M | -45.4M | -25.4M | -19.8M | -26.4M | 93.7M | -61.5M | -51.4M | — |
| Income tax | 545.8K | 307.9K | 16.2K | 398.5K | 282.3K | -524.3K | -613.9K | 18.3K | 30 | — |
| Net income | -40.9M | -31.2M | -45.4M | -25.8M | -20.1M | -25.9M | 94.3M | -61.5M | -51.4M | — |
| Net margin | -96.3% | -52.3% | -53.7% | -25.2% | -30.6% | -54% | 112.5% | -91.6% | -74.7% | — |
| EBITDA | -38.5M | -29.5M | -39.3M | -22.7M | -15.4M | -54.6M | -76.9M | -54.3M | -44.1M | — |
| EPS | -650.7 | -441 | -345.4 | -116.8 | -74.9 | -30 | 55.5 | -27.4 | -9.88 | -4.68 |
| Diluted EPS | -650.7 | -441 | -345.4 | -116.8 | -74.9 | -30 | 55.5 | -27.4 | -9.88 | -4.68 |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | Q2 16 | Q3 16 | Q4 16 | Q1 17 | Q2 17 | Q3 17 | Q4 17 | Q1 18 | Q2 18 | Q3 18 | Q4 18 | Q2 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 28.8M | 4.5M | 5.8M | 7.8M | 30.3M | 5.9M | 16M | 12.2M | 41.1M | 16.6M | 14.6M | — |
| Cost of revenue | 23.1M | 2.8M | 6.4M | 6.7M | 18.8M | 4.8M | 15.6M | 10.1M | 37.1M | 14.9M | 18.2M | — |
| Gross profit | 5.8M | 1.7M | -617.4K | 1.1M | 11.5M | 1.1M | 472.8K | 2.1M | 4M | 1.7M | -3.6M | — |
| Gross margin | 20% | 37.5% | -10.7% | 14% | 38% | 18.3% | 2.95% | 17.2% | 9.63% | 10.3% | -24.7% | — |
| Research & development | 2.7M | 1.2M | 1.1M | 618.7K | 4.3M | 1.6M | 1.1M | 554.8K | 1.3M | 536.7K | 859.2K | — |
| Selling, general & administrative | 6.3M | 6.5M | 3.5M | 5.9M | 11.7M | 6.6M | 11.1M | 8.1M | 13.5M | 11.2M | 9.8M | — |
| Operating expenses | 8.9M | 7.6M | 4.6M | 6.6M | 16M | 8.1M | 12.1M | 8.5M | 14.8M | 11.7M | 10.5M | — |
| Operating income | -3.2M | -8.1M | -19.7M | -5.5M | -3.8M | -6.9M | -14.3M | -6.7M | -10.6M | -10.5M | -12.8M | — |
| Operating margin | -11.1% | -178% | -342.6% | -70.2% | -12.6% | -116.7% | -89.2% | -54.7% | -25.9% | -63% | -87.7% | — |
| Non-operating income, net | -24.8K | 23.5K | 17K | 99.9K | -33.4K | 9.1K | -17.9K | -10.7K | -13.3K | 41.8K | -4M | — |
| Pretax income | -3.4M | -8.2M | -19.9M | -5.5M | -4M | -7M | -14.4M | -6.8M | -10.8M | -10.6M | -17.1M | — |
| Income tax | -851.7K | 1.4M | 1.1K | -20.1K | 0 | 284.5K | 43.6K | 9.3K | 0 | 1.7K | 5.2K | — |
| Net income | -2.5M | -9.6M | -19.9M | -5.5M | -4M | -7.3M | -14.5M | -6.8M | -10.8M | -10.6M | -17.1M | — |
| Net margin | -8.73% | -212.1% | -345.7% | -70% | -13.1% | -123.4% | -90.3% | -55.9% | -26.3% | -64.2% | -117.3% | — |
| EBITDA | -2.9M | -7.8M | -19.5M | -5.1M | -3.6M | -6.7M | -14.1M | -6.4M | -10.4M | -10M | -16.5M | — |
| EPS | -40.5 | -149.4 | — | -82.8 | -63 | -72.9 | — | -87.3 | -109.8 | -63 | — | 0 |
| Diluted EPS | -40.5 | -149.4 | — | -82.8 | -63 | -72.9 | — | -87.3 | -109.8 | -63 | — | 0 |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shares outstanding | 455.4K | 517K | 925.1K | 1.6M | 1.9M | 5.5M | 1.7M | 2.2M | 5M | 9.1M | 9.1M |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin | 17.1% | 26.8% | 4.92% | 29.2% | 29.8% | 15.1% | 23.2% | 28.1% | 30.3% | — | — |
| Operating margin | -93.3% | -51.1% | -48% | -22.6% | -28.8% | -126.1% | -98.2% | -101.3% | -103.9% | — | — |
| Net margin | -96.3% | -52.3% | -53.7% | -25.2% | -30.6% | -54% | 112.5% | -91.6% | -74.7% | — | — |
| ROE | -82.4% | -74.8% | -52.2% | -24.2% | -16.7% | -9% | 22.8% | -14% | -10.5% | — | — |
| ROA | -51.5% | -43.9% | -37.3% | -16.4% | -10.4% | -4.57% | 19.2% | -11.6% | -9.31% | — | — |
| ROIC | -65.2% | -63% | -67.3% | -18.7% | -15.7% | 436.5% | -64.5% | -36.5% | -21.5% | — | — |
| Return on tangible assets | -51.5% | -43.9% | -38.1% | -16.7% | -10.5% | -4.82% | 20.1% | -11.6% | -9.31% | — | — |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 2.49 | 2.32 | 3.88 | 2.32 | 1.98 | 6.39 | 8.43 | 8.26 | 10.7 | — | — |
| Quick ratio | 2.28 | 2.23 | 3.62 | 2.29 | 1.95 | 6.34 | 8.35 | 8.16 | 10.6 | — | — |
| Debt / equity | 0.26 | 0.25 | 0.22 | 0.2 | 0.25 | 0.15 | 0.08 | 0.08 | 0.08 | — | — |
| Debt / assets | 0.16 | 0.15 | 0.15 | 0.14 | 0.16 | 0.08 | 0.06 | 0.07 | 0.07 | — | — |
| Net debt / EBITDA | -0.29 | -0.23 | 0.68 | -0.75 | -0.02 | 5.52 | 3.71 | 4.65 | 3.58 | — | — |
| Interest coverage | -43.7 | -55.3 | -49.5 | -15 | -12.7 | -10.9 | 62.5 | -23.4 | -47.1 | — | — |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — | — |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | 93.2 | 115.3 | 91.3 | 65 | 35.3 | 8.7 | 48.7 | 31.1 | 13.6 | — | — |
| EPS (basic) | -650.7 | -441 | -345.4 | -116.8 | -74.9 | -30 | 55.5 | -27.4 | -9.88 | -4.68 | -4.68 |
| EPS (diluted) | -650.7 | -441 | -345.4 | -116.8 | -74.9 | -30 | 55.5 | -27.4 | -9.88 | -4.68 | -4.68 |
| Book value per share | 108.9 | 80.7 | 93.9 | 67.8 | 64.8 | 52.2 | 239.8 | 203.6 | 97.2 | — | — |
| FCF per share | -1.02 | -15.5 | -34.2 | -24.5 | -4.89 | -6.27 | -15.2 | -24 | -11.7 | — | — |
| Cash per share | 3.99 | 7.37 | 49 | 2.87 | 16.3 | 62.4 | 184.1 | 133.7 | 39.2 | — | — |
| Capex per share | 0.27 | 1.13 | 13 | 4.03 | 2.08 | 0.09 | 0.4 | 0.42 | — | — | — |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Capex / revenue | 0.29% | 0.98% | 14.2% | 6.2% | 5.88% | 1.09% | 0.83% | 1.35% | — | — | — |
| Capex / operating cash flow | -0.58% | -59% | -62.1% | -16% | -38.4% | -6.52% | 0.44% | -2.01% | — | — | — |
| — |
| FY21 | — | -$30 | — | — | $47.9M | — |
| FY20 | — | -$74.9 | — | — | $65.8M | — |
| FY19 | — | -$116.8 | — | — | $102.4M | — |
| FY18 | — | -$345.4 | — | — | $84.4M | — |
| FY17 | — | -$441 | — | — | $59.6M | — |
| FY16 | — | -$650.7 | — | — | $42.5M | — |
| Period | Q2 16 | Q3 16 | Q4 16 | Q1 17 | Q2 17 | Q3 17 | Q4 17 | Q1 18 | Q2 18 | Q3 18 | Q4 18 | Q2 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $28.8M | $4.5M | $5.8M | $7.8M | $30.3M | $5.9M | $16M | $12.2M | $41.1M | $16.6M | $14.6M | — |
| YoY change | +35.2% | -77.3% | -1.85% | +117.1% | +5.1% | +29.9% | +178.9% | +56% | +35.5% | +181.2% | -9% | — |
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 | FY15 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 12.3M | 1.8M | 3.8M | 45.3M | 4.5M | 30.3M | 344M | 317M | 288.3M | 198.1M |
| Receivables | 57M | 38.1M | 39.4M | 24.3M | 71.9M | 51.3M | 26.7M | 22.6M | 27.5M | 38.6M |
| Inventory | 10.8M | 6.3M | 2.6M | 6.8M | 1.3M | 2M | 3.6M | 3.9M | 6.3M | 1.1M |
| Total current assets | 124.5M | 74.3M | 68.4M | 100.8M | 97.8M | 129.3M | 488.5M | 445.6M | 504.4M | 506.5M |
| Property, plant & equipment | 2.7M | 2.9M | 2.8M | 16.3M | 26.5M | 29.8M | 35.1M | 32.4M | 27.4M | 45.9M |
| Goodwill & intangibles | — | — | 0 | 2.7M | 2.6M | 2.6M | 29.8M | 21.4M | 0 | — |
| Total assets | 134.3M | 79.5M | 71.2M | 121.8M | 157M | 194.4M | 566.5M | 490.2M | 531.8M | 552.4M |
| Accounts payable | 17.2M | 7.5M | 8.4M | 8.8M | 14.1M | 23M | 22M | 16.7M | 10.8M | 10.2M |
| Short-term debt | 23.9M | 12.9M | 10.5M | 9.7M | 13.4M | 22.1M | 31.4M | 23.9M | 35.5M | 26.2M |
| Total current liabilities | 52.1M | 29.9M | 29.4M | 26M | 42.1M | 65.2M | 76.5M | 52.9M | 61M | 47.5M |
| Long-term debt | — | — | — | 8.9M | 8.2M | 8.6M | 11.3M | 7.7M | 25.1K | 14M |
| Total liabilities | 52.1M | 29.9M | 29.4M | 34.9M | 50.3M | 73.8M | 279M | 77.4M | 92.7M | 61.5M |
| Shareholders' equity | 82.3M | 49.6M | 41.7M | 86.9M | 106.7M | 120.6M | 287.5M | 412.9M | 439.2M | 490.9M |
| Total debt | 23.9M | 12.9M | 10.5M | 18.7M | 21.6M | 30.7M | 42.6M | 31.6M | 35.6M | 40.1M |
| Net debt | 11.6M | 11.1M | 6.7M | -26.7M | 17M | 379.9K | -301.4M | -285.4M | -68.6M | -69.9M |
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 | Q2 16 | Q3 16 | Q4 16 | Q1 17 | Q2 17 | Q3 17 | Q4 17 | Q1 18 | Q2 18 | Q3 18 | Q4 18 | Q2 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 3.1M | 2.6M | 1.8M | 554.6K | 5.1M | 4.3M | 3.8M | 6.1M | 8.3M | 52.4M | 45.3M | 12M |
| Receivables | 67M | 50.2M | 38.1M | 37.3M | 55.1M | 38.2M | 39.4M | 38M | 43.6M | 33.7M | 24.3M | 38.9M |
| Inventory | 7.8M | 10.4M | 6.3M | 6.3M | 3M | 3M | 2.6M | 4.7M | 3.5M | 5.2M | 6.8M | 289.1K |
| Total current assets | 116.1M | 98.8M | 74.3M | 71.4M | 83.8M | 72.2M | 68.4M | 73.6M | 86.9M | 120.4M | 100.8M | 99M |
| Property, plant & equipment | 2.7M | 2.4M | 2.9M | 2.7M | 2.7M | 2.6M | 2.8M | 3.9M | 9.5M | 9.9M | 16.3M | 25.6M |
| Goodwill & intangibles | — | — | — | — | — | — | 0 | 2.6M | 2.6M | 2.7M | 2.7M | 2.6M |
| Total assets | 123.5M | 102.4M | 79.5M | 76.4M | 86.5M | 74.8M | 71.2M | 77.5M | 98.4M | 135.7M | 121.8M | 158.7M |
| Accounts payable | 27.3M | 10.2M | 7.5M | 9.3M | 14.4M | 11M | 8.4M | 10.9M | 15.1M | 8.3M | 8.8M | 15.5M |
| Short-term debt | 13.7M | 15.6M | 12.9M | 12.5M | 11M | 7.3M | 10.5M | 14.3M | 8.8M | 9.8M | 9.7M | 7M |
| Total current liabilities | 47.5M | 34.5M | 29.9M | 30.3M | 36.9M | 27.3M | 29.4M | 37M | 34.8M | 26.9M | 26M | 40.2M |
| Long-term debt | — | — | — | — | — | — | — | — | 9.3M | 9.1M | 8.9M | 8.6M |
| Total liabilities | 47.5M | 34.5M | 29.9M | 30.3M | 36.9M | 27.3M | 29.4M | 37M | 44.1M | 36M | 34.9M | 48.8M |
| Shareholders' equity | 76M | 67.9M | 49.6M | 46.1M | 49.7M | 47.4M | 41.7M | 40.5M | 54.3M | 99.7M | 86.9M | 109.9M |
| Total debt | 13.7M | 15.6M | 12.9M | 12.5M | 11M | 7.3M | 10.5M | 14.3M | 18.1M | 18.9M | 18.7M | 15.6M |
| Net debt | 10.6M | 12.9M | 11.1M | 12M | 6M | 3M | 6.7M | 8.2M | 9.8M | -33.5M | -26.7M | 3.6M |
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 | FY15 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -31.5M | -40.9M | -31.2M | -45.4M | -25.8M | -20.1M | -25.9M | 94.3M | -61.5M | -51.4M |
| Depreciation & amortization | 526K | 955.1K | 856.7K | 1.1M | 1.1M | 3M | 5M | 6.5M | 6.9M | — |
| Stock-based compensation | 4.7M | 8M | 23.3M | 18.5M | 22.1M | 8M | 6.1M | 39.3M | 26.2M | 22.4M |
| Change in working capital | 3.3M | 8.2M | -2.4M | 3.4M | -38M | -877K | -5.9M | 1.6M | -15.5M | — |
| Operating cash flow | -23.9M | -20.9M | -993.7K | -19.3M | -39.6M | -10.1M | -8M | 156.4M | -45.1M | -43.7M |
| Capital expenditure | -1.7M | -121.1K | -586.2K | -12M | -6.3M | -3.9M | -522.4K | -692.2K | -908.7K | — |
| Investing cash flow | -1.7M | -121.1K | 12.5M | -17.6M | -13.5M | -2.1M | -46.5M | -1M | -137.4M | -282.4M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | -5.5M | -34.5M | -20.4M | 50.6M | -1.5M | 13.5M | 100.7M | -50.5M | 22.1M | 77.6M |
| Net change in cash | -31.1M | -55.5M | -8.9M | 13.7M | -54.6M | 1.4M | 46.2M | 104.9M | -160.4M | -248.5M |
| Free cash flow | -17.2M | -466.7K | -8M | -31.6M | -38.6M | -9.1M | -34.6M | -26.2M | -51.7M | -59.2M |
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 | Q1 16 | Q2 16 | Q3 16 | Q4 16 | Q1 17 | Q2 17 | Q3 17 | Q4 17 | Q1 18 | Q2 18 | Q3 18 | Q4 18 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -8.8M | -2.5M | -9.6M | -19.9M | -5.5M | -4M | -7.3M | -14.5M | -6.8M | -10.8M | -10.6M | -17.1M |
| Depreciation & amortization | 259.8K | 236.3K | 232K | 227K | 205.6K | 212.5K | 218K | 220.7K | 233.5K | 248.2K | 368.4K | 268.8K |
| Stock-based compensation | 1.3M | 1.8M | 2.9M | 2M | 2M | 7.6M | 5.1M | 8.7M | 4M | 7.6M | 4.4M | 2.5M |
| Change in working capital | 4.6M | 2.9M | -1.3M | 1.4M | 2.8M | 939.5K | 10.2M | -716.2K | 2.9M | -5.1M | 2.7M | 2.2M |
| Operating cash flow | -2.5M | 3M | -5M | -17.1M | 1.5M | 6.9M | 10.7M | -1.2M | 1.4M | -7.2M | -2.2M | -11.9M |
| Capital expenditure | -470.3K | -28.2K | 55.8K | 321.6K | 22.3K | -188.3K | -136.9K | -283.3K | -1.3M | -4.1M | -4.1M | -2.4M |
| Investing cash flow | -470.3K | -28.2K | 55.8K | 321.6K | 22.3K | -188.3K | -136.9K | -283.3K | -1.3M | -6.1M | -8.2M | -2.4M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | -16.2M | -9.6M | 572.8K | -9.2M | -6.8M | -6M | -7.4M | -237.6K | -6.5M | -17.5M | 49.2M | 117.8K |
| Net change in cash | -19.2M | -6.6M | -4.4M | -25.9M | -5.2M | 745.5K | 3.2M | -1.7M | -6.4M | -30.8M | 38.8M | -14.2M |
| Free cash flow | -1.4M | 1.9M | -2.3M | 1.3M | -353K | 6.1M | 3M | -3.7M | -3.1M | -15.1M | -6M | -8.9M |