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 25 | -$2.25 | -$2.64 | -17.3% | — | $76.4M | — |
| Q3 25 | -$4.45 | -$4.6 | -3.4% | — | $75.9M | — |
| Q2 25 | -$4.99 | -$3.8 | +23.8% | — | $78.9M | — |
| Q1 25 | -$6.66 | -$5.57 | +16.4% | — | $75M | — |
| Q4 24 | -$6.53 | -$7.02 | -7.5% | — | $75.8M | — |
| Q3 24 | -$0.43 | -$0.45 | -4.7% | — | $72.5M | — |
| Q2 24 | -$7.2 | -$7.54 | -4.7% | — | $75.7M | — |
| Q1 24 | -$0.49 | -$0.46 | +6.1% | — | $74.2M | — |
| Q4 23 | -$0.51 | -$0.4 | +21.6% | — | $75.4M | — |
| Q3 23 | -$0.56 | -$0.56 | 0.0% | — | $77.4M | — |
| Q2 23 | -$0.66 | -$0.53 | +19.7% | — | $76.5M | — |
| Q1 23 | -$0.73 | -$0.67 | +8.2% | — | $67.1M | — |
| Q4 22 | -$0.7 | -$0.62 | +11.4% | — | $64.1M | — |
| Q3 22 | -$1.3 | -$6.72 | -416.9% | — | $59M | — |
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 % |
|---|---|---|---|---|---|---|
| FY26 | — | $1.89 | — | — | $329.8M | — |
| FY25 | — | -$18.5 | — | — | $306.2M | — |
| FY24 | — | -$33.1 | — | — | $298.2M | — |
| FY23 | — | -$43.2 | — | — | $296.4M | — |
| FY22 | — | -$67.2 |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|
| Revenue | $256.9M | $157.5M | $203.3M | $296.4M | $298.2M | $306.2M | $329.8M |
| YoY change | — | -38.7% | +29.1% | +45.8% | +0.61% | +2.68% | +7.71% |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | Q2 24 |
|---|
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|
| Revenue | 256.9M | 157.5M | 203.3M | 296.4M | 298.2M | 306.2M | 329.8M |
| Cost of revenue | 118.1M | 53M | 61.9M | 92.2M | 86M | 82.8M | 88.5M |
| Gross profit | 138.8M | 104.5M | 141.4M | 204.2M | 212.2M | 223.4M | 241.3M |
| Gross margin | 54% | 66.3% | 69.6% | 68.9% | 71.2% | 73% | 73.2% |
| Research & development | 40.2M | 37.7M | 45.3M | 55.4M | 49.1M | — | — |
| Selling, general & administrative | 121.8M | 85.3M | 130.9M | 144.1M | 132.8M | 115M | 115.8M |
| Operating expenses | 202.2M | 160.7M | 221.5M | 254.9M | 231M | 150.7M | 155.1M |
| Operating income | -130M | -130.5M | -125.9M | -95.9M | -76.9M | -47.3M | -57.5M |
| Operating margin | -50.6% | -82.9% | -61.9% | -32.4% | -25.8% | -15.4% | -17.4% |
| Non-operating income, net | -100K | 6M | -33.2M | -6.2M | -2.4M | 1.9M | 100.5M |
| Pretax income | -154.1M | -171.1M | -212.1M | -138.9M | -113M | -69.6M | 22.7M |
| Income tax | -200K | 0 | -300K | -200K | 200K | 300K | 100K |
| Net income | -153.9M | -171.1M | -211.8M | -138.7M | -113.2M | -69.9M | 22.6M |
| Net margin | -59.9% | -108.6% | -104.2% | -46.8% | -38% | -22.8% | 6.85% |
| EBITDA | -23.2M | -18.3M | 2.3M | 12.4M | 33.4M | 72.9M | -10.1M |
| EPS | -49.1 | -54.6 | -67.2 | -43.2 | -33.1 | -18.5 | 1.89 |
| Diluted EPS | -49.1 | -54.6 | -67.2 | -43.2 | -33.1 | -18.5 | 1.88 |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 | Q3 26 | Q4 26 | Q1 27 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 75.7M | 72.5M | 75.8M | 75M | 78.9M | 75.9M | 76.4M | 69.6M | 80.9M | 87.6M | 91.7M | 89.9M |
| Cost of revenue | 22.5M | 21.5M | 20.1M | 20.6M | 20.6M | 21.4M | 20.2M | 20.4M | 22.5M | 24M | 21.6M | 23.6M |
| Gross profit | 53.2M | 51M | 55.7M | 54.4M | 58.3M | 54.5M | 56.2M | 49.2M | 58.4M | 63.6M | 70.1M | 66.3M |
| Gross margin | 70.3% | 70.3% | 73.5% | 72.5% | 73.9% | 71.8% | 73.6% | 70.7% | 72.2% | 72.6% | 76.4% | 73.7% |
| Research & development | 12.9M | 12.1M | 11M | — | — | — | — | — | — | — | — | — |
| Selling, general & administrative | 34.1M | 31.5M | 31.4M | 31.8M | 30M | 28.3M | 24.9M | 29.3M | 32M | 29.1M | 25.4M | 31.4M |
| Operating expenses | 59.9M | 55.7M | 53.4M | 41.4M | 38.7M | 37M | 33.6M | 38.9M | 41.8M | 39.6M | 34.8M | 40.8M |
| Operating income | -17.5M | -21.9M | -16.2M | -16.3M | -9.6M | -13.7M | -7.7M | -19.7M | -20.1M | -16.2M | -1.5M | -19.7M |
| Operating margin | -23.1% | -30.2% | -21.4% | -21.7% | -12.2% | -18.1% | -10.1% | -28.3% | -24.8% | -18.5% | -1.64% | -21.9% |
| Non-operating income, net | 100K | 200K | -2.7M | -100K | 100K | 900K | 1M | 100K | 600K | 99.7M | 100K | 1.1M |
| Pretax income | -26.9M | -31.7M | -24.3M | -22M | -15.5M | -18.9M | -13.2M | -25.9M | -26.4M | 76.5M | -1.5M | -18.9M |
| Income tax | -100K | -200K | 500K | 0 | 100K | 0 | 200K | 200K | 0 | 0 | -100K | 0 |
| Net income | -26.8M | -31.5M | -24.8M | -22M | -15.6M | -18.9M | -13.4M | -26.1M | -26.4M | 76.5M | -1.4M | -18.9M |
| Net margin | -35.4% | -43.4% | -32.7% | -29.3% | -19.8% | -24.9% | -17.5% | -37.5% | -32.6% | 87.3% | -1.53% | -21% |
| EBITDA | 6.2M | 7.4M | 16.1M | 13.2M | 19.6M | 17.5M | 22.6M | 10.3M | 16.6M | -72.3M | 35.3M | 25.5M |
| EPS | -7.93 | -9.09 | -7.02 | -6.03 | -4.17 | -4.94 | -3.44 | -6.58 | -6.55 | 13.7 | -0.04 | -0.57 |
| Diluted EPS | -7.93 | -9.09 | -7.02 | -6.03 | -4.17 | -4.94 | -3.44 | -6.58 | -6.55 | 13.7 | -0.04 | -0.57 |
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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | Current |
|---|---|---|---|---|---|---|---|---|
| Market cap | — | — | — | — | — | — | — | 54.6M |
| Enterprise value | — | — | — | — | — | — | — | 224.1M |
| Shares outstanding | 3.1M | 3.1M | 3.2M | 3.2M | 3.4M | 3.8M | 12M | 12M |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | Current |
|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | 0.12 |
| P/S | — | — | — | — | — | — | — | 0.15 |
| P/B | — | — | — | — | — | — | — | -1.01 |
| EV/EBITDA | — | — | — | — | — | — | — | 22.9 |
| EV/Sales | — | — | — | — | — | — | — | 0.61 |
| Earnings yield | — | — | — | — | — | — | — | 803.6% |
| FCF yield | — | — | — | — | — | — | — | -80.9% |
| PEG | — | — | — | — | — | — | — | -0 |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | Current |
|---|---|---|---|---|---|---|---|---|
| Gross margin | 54% | 66.3% | 69.6% | 68.9% | 71.2% | 73% | 73.2% | 73.7% |
| Operating margin | -50.6% | -82.9% | -61.9% | -32.4% | -25.8% | -15.4% | -17.4% | -7.27% |
| Net margin | -59.9% | -108.6% | -104.2% | -46.8% | -38% | -22.8% | 6.85% | 11.8% |
| ROE | 42.2% | 32.5% | -297.9% | 392.9% | 92.6% | 38.3% | -62.6% | -62.6% |
| ROA | -55.8% | -53.4% | -47.3% | -41.3% | -40.6% | -29.1% | 10.2% | -12.7% |
| ROIC | 97.2% | 62.8% | -90.1% | -76.5% | -51.2% | -39.1% | -51.2% | -53.8% |
| Return on tangible assets | -59.7% | -56.1% | -48.7% | -42.3% | -41.7% | -29.7% | 10.4% | 14.1% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | Current |
|---|---|---|---|---|---|---|---|---|
| Current ratio | 0.91 | 2.55 | 3.85 | 2.87 | 2.12 | 1.98 | 1.06 | 0.67 |
| Quick ratio | 0.91 | 2.55 | 3.85 | 2.87 | 2.12 | 1.98 | 1.06 | 0.75 |
| Debt / equity | -0.72 | -0.79 | 4.45 | -8.93 | -2.92 | -2.09 | -5.49 | -0.04 |
| Debt / assets | 0.95 | 1.29 | 0.71 | 0.94 | 1.28 | 1.59 | 0.9 | 0.93 |
| Net debt / EBITDA | -9.94 | -17.4 | 29.9 | 13 | 8.16 | 4.16 | -14.6 | 31.4 |
| Interest coverage | -5.42 | -2.8 | — | — | — | — | — | — |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% | 0.44% | 0% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | Current |
|---|---|---|---|---|---|---|---|---|
| Revenue per share | 82 | 50.2 | 64.5 | 92.3 | 87.2 | 81.1 | 27.6 | 13.8 |
| EPS (basic) | -49.1 | -54.6 | -67.2 | -43.2 | -33.1 | -18.5 | 1.89 | 1.89 |
| EPS (diluted) | -49.1 | -54.6 | -67.2 | -43.2 | -33.1 | -18.5 | 1.88 | 13.4 |
| Book value per share | -116.2 | -168 | 22.6 | -11 | -35.8 | -48.3 | -3.02 | -1.94 |
| FCF per share | -63.5 | -38.8 | -26.5 | -36.9 | -28.7 | -10.8 | -6.44 | -2.55 |
| Cash per share | 10 | 30.4 | 78.6 | 48.1 | 24.6 | 20.5 | 4.21 | 0.86 |
| Capex per share | 44.2 | 18.6 | 7.14 | 13.8 | 16 | 5.32 | — | — |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | Current |
|---|---|---|---|---|---|---|---|---|
| Capex / revenue | 54% | 37.1% | 11.1% | 14.9% | 18.3% | 6.56% | — | — |
| Capex / operating cash flow | -455.9% | -144.9% | -39.3% | -123.4% | -827.3% | 99.5% | — | — |
| Payout ratio | — | — | — | — | — | — | — | 0% |
| — |
| — |
| $203.3M |
| — |
| FY21 | — | -$54.6 | — | — | $157.5M | — |
| FY20 | — | -$49.1 | — | — | $256.9M | — |
| Q3 24 |
|---|
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Q3 26 |
|---|
| Q4 26 |
|---|
| Q1 27 |
|---|
| Revenue | $75.7M | $72.5M | $75.8M | $75M | $78.9M | $75.9M | $76.4M | $69.6M | $80.9M | $87.6M | $91.7M | $89.9M |
| YoY change | -1.05% | -6.33% | +0.53% | +1.08% | +4.23% | +4.69% | +0.79% | -7.2% | +2.53% | +15.4% | +20% | +29.2% |
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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 31.4M | 95.3M | 247.6M | 154.5M | 84M | 77.4M | 50.4M |
| Receivables | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — |
| Total current assets | 46.9M | 103.4M | 264.7M | 172.1M | 102.2M | 93.9M | 66.7M |
| Property, plant & equipment | 215.9M | 197.2M | 165M | 150.1M | 163.6M | 133.7M | 139.3M |
| Goodwill & intangibles | 18M | 15.6M | 12.8M | 8.2M | 6.8M | 4.8M | 4M |
| Total assets | 275.9M | 320.7M | 447.5M | 336.2M | 278.5M | 240M | 221M |
| Accounts payable | 12.7M | 7.2M | 15.9M | 12.4M | 5.8M | 6.2M | 9.9M |
| Short-term debt | 5.1M | 7.6M | 9.1M | 4.4M | 4.6M | 6.1M | 6M |
| Total current liabilities | 51.7M | 40.6M | 68.8M | 60M | 48.1M | 47.4M | 63.2M |
| Long-term debt | 256.8M | 406.6M | 307.2M | 310.8M | 352M | 374.7M | 192.3M |
| Total liabilities | 640.2M | 847.4M | 376.4M | 371.5M | 400.8M | 422.5M | 257.1M |
| Shareholders' equity | -364.3M | -526.7M | 71.1M | -35.3M | -122.3M | -182.5M | -36.1M |
| Total debt | 261.9M | 414.2M | 316.3M | 315.2M | 356.6M | 380.8M | 198.3M |
| Net debt | 230.5M | 318.9M | 68.7M | 160.7M | 272.6M | 303.4M | 147.9M |
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 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 | Q3 26 | Q4 26 | Q1 27 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 123.7M | 105.9M | 84M | 82M | 76.6M | 74.1M | 77.4M | 70.4M | 43.6M | 50.7M | 50.4M | 37.1M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 137.5M | 121.3M | 102.2M | 99.3M | 92.6M | 88.3M | 93.9M | 87.1M | 63.3M | 66.7M | 66.7M | 54.7M |
| Property, plant & equipment | 153.3M | 176.2M | 163.6M | 166.3M | 150.2M | 150.5M | 133.7M | 145.5M | 142.6M | 148.9M | 139.3M | 143.3M |
| Goodwill & intangibles | 3.9M | 3.8M | 6.8M | 3.1M | 3M | 2.8M | 4.8M | 2.4M | 2.4M | 2.3M | 4M | 1.9M |
| Total assets | 304.4M | 310.3M | 278.5M | 278.4M | 257.4M | 251.6M | 240M | 245.3M | 219M | 231M | 221M | 212.7M |
| Accounts payable | 10.2M | 22.4M | 5.8M | 16.4M | 9.9M | 10.7M | 6.2M | 16.6M | 9.2M | 12.6M | 9.9M | 13.4M |
| Short-term debt | 4.6M | 3.1M | 4.6M | 4.4M | 3.9M | 4.2M | 6.1M | 5.7M | 5.4M | 6.2M | 6M | 5.8M |
| Total current liabilities | 53.2M | 65.5M | 48.1M | 61.6M | 48.3M | 53.5M | 47.4M | 71.3M | 68.3M | 68.6M | 63.2M | 72.8M |
| Long-term debt | 326.5M | 346.7M | 352M | 357.4M | 363M | 368.8M | 374.7M | 380.3M | 382.2M | 196.1M | 192.3M | 191.4M |
| Total liabilities | 380.4M | 412.9M | 400.8M | 419.7M | 411.9M | 422.8M | 422.5M | 452.4M | 451.1M | 266.1M | 257.1M | 266M |
| Shareholders' equity | -76M | -102.6M | -122.3M | -141.3M | -154.5M | -171.2M | -182.5M | -207.1M | -232.1M | -35.1M | -36.1M | -53.3M |
| Total debt | 331.1M | 349.8M | 356.6M | 361.8M | 366.9M | 373M | 380.8M | 386M | 387.6M | 202.3M | 198.3M | 197.2M |
| Net debt | 207.4M | 243.9M | 272.6M | 279.8M | 290.3M | 298.9M | 303.4M | 315.6M | 344M | 151.6M | 147.9M | 160.1M |
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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|
| Net income | -153.9M | -171.1M | -211.8M | -138.7M | -113.2M | -69.9M | 22.6M |
| Depreciation & amortization | 83.2M | 80M | 65.1M | 62.6M | 58.7M | 58.7M | 53.3M |
| Stock-based compensation | 6.8M | 8.2M | 26.6M | 25.4M | 26.2M | 9.7M | 4.2M |
| Change in working capital | 10.5M | 700K | 18.1M | -4.4M | -12.8M | -5.6M | 13.1M |
| Operating cash flow | -30.4M | -40.3M | -57.3M | -35.9M | -6.6M | 20.2M | 3.5M |
| Capital expenditure | -138.6M | -58.4M | -22.5M | -44.3M | -54.6M | -20.1M | — |
| Investing cash flow | -138.6M | -58.4M | -22.5M | -44.3M | -54.6M | -20.1M | — |
| Dividends paid | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — |
| Financing cash flow | 83.5M | 109M | 211.9M | -4M | 700K | -300K | 18.6M |
| Net change in cash | -85.5M | 10.3M | 132.1M | -84.2M | -60.5M | -200K | 22.1M |
| Free cash flow | -199.1M | -121.5M | -83.4M | -118.7M | -98.2M | -40.7M | -77M |
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 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 | Q3 26 | Q4 26 | Q1 27 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -26.8M | -31.5M | -24.8M | -22M | -15.6M | -18.9M | -13.4M | -26.1M | -26.4M | 76.5M | -1.4M | -18.9M |
| Depreciation & amortization | 14M | 15.5M | 15.8M | 14.6M | 15.3M | 15.2M | 13.6M | 13M | 13.9M | 13.8M | 12.6M | 12.4M |
| Stock-based compensation | 7.4M | 4.9M | 5.1M | 3M | 2.4M | 2.2M | 2.1M | 1.5M | 1.4M | 900K | 400K | 1.5M |
| Change in working capital | -3.7M | 500K | -2.2M | 4.5M | -4.7M | 300K | -4.8M | 15M | 3.2M | -7.3M | 2.2M | 5.1M |
| Operating cash flow | 400K | -1.1M | 16.9M | 6.5M | 4.3M | 5.7M | 4.8M | 10.3M | -10.5M | -1.4M | 7.1M | -3.8M |
| Capital expenditure | -16.7M | -14.1M | -15M | -6M | -6.7M | -8.1M | 700K | -14.7M | — | — | — | — |
| Investing cash flow | -16.7M | -14.1M | -15M | -6M | -6.7M | -8.1M | 700K | -14.7M | — | — | — | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | -200K | -100K | -500K | -600K | -900K | -100K | -700K | -700K | -700K | -12.8M | -800K | -200K |
| Net change in cash | -16.5M | -15.3M | 1.4M | -100K | -3.3M | -2.5M | 4.8M | -5.1M | -11.2M | -14.2M | 6.3M | -4M |
| Free cash flow | -23.8M | -24.6M | -31M | -9.3M | -12.4M | -11.1M | -7.9M | -12.2M | -34.1M | -22.1M | -8.6M | -20.4M |