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 | -$0.05 | -$0.05 | 0.0% | — | $5.1M | — |
| Q1 26 | -$0.04 | -$0.04 | 0.0% | — | $4.4M | — |
| Q4 25 | -$0.03 | -$0.03 | 0.0% | — | $1.9M | — |
| Q3 25 | -$0.04 | -$0.03 | +25.0% | — | $1.9M | — |
| Q2 25 | -$0.04 | -$0.06 | -50.0% | — | $1.8M | — |
| Q1 25 | -$0.04 | -$0.08 | -100.0% | — | $1.5M | — |
| Q4 24 | -$0.06 | -$0.06 | 0.0% | — | $2.3M | — |
| Q3 24 | -$0.07 | -$0.09 | -28.6% | — | $2.4M | — |
| Q2 24 | -$0.06 | -$0.09 | -50.0% | — | $3.1M | — |
| Q1 24 | -$0.08 | -$0.11 | -37.5% | — | $3.1M | — |
| Q4 23 | -$0.13 | -$0.09 | +30.8% | — | $3.4M | — |
| Q3 23 | -$0.12 | -$0.17 | -41.7% | — | $3.1M | — |
| Q2 23 | -$0.17 | -$0.13 | +23.5% | — | $3.3M | — |
| Q1 23 | -$0.15 | -$0.19 | -26.7% | — | $2.2M | — |
| Q4 22 | -$0.12 | -$0.14 | -16.7% | — | $6.1M | — |
| Q3 22 | -$0.13 | -$0.16 | -23.1% | — | $2.8M | — |
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 | — | -$0.7 | — | — | $7.1M | — |
| FY24 | — | -$1.09 | — | — | $10.8M | — |
| FY23 | — | -$0.57 | — | — | $12M | — |
| FY22 | — | -$0.7 | — | — | $13.1M | — |
| FY21 | — | -$0.23 | — |
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 |
|---|---|---|---|---|---|---|
| Revenue | $735.5K | $5.5M | $13.1M | $12M | $10.8M | $7.1M |
| YoY change | — | +653.6% | +136.4% | -8.35% | -10.1% | -34.3% |
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 | Q1 24 | Q2 24 | Q3 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 |
|---|---|---|---|---|---|---|
| Revenue | 735.5K | 5.5M | 13.1M | 12M | 10.8M | 7.1M |
| Cost of revenue | 288.2K | 1.5M | 2.9M | 2.8M | 5.1M | 5M |
| Gross profit | 447.3K | 4.1M | 10.2M | 9.2M | 5.7M | 2.1M |
| Gross margin | 60.8% | 73.1% | 78.1% | 76.7% | 52.8% | 29.1% |
| Research & development | 29.4M | 24.1M | 60M | 52.8M | 49.8M | 61.3M |
| Selling, general & administrative | 18.7M | 15M | 54M | 27.7M | 24.5M | 25.4M |
| Operating expenses | 48.1M | 39.1M | 113.9M | 80.5M | 74.2M | 86.7M |
| Operating income | -47.7M | -35.1M | -103.7M | -71.3M | -68.5M | -84.7M |
| Operating margin | -6.5K% | -633.1% | -791.5% | -593.8% | -634.9% | -1.2K% |
| Non-operating income, net | -5.4M | 9M | 35M | -3.1M | -134.3M | -148.1M |
| Pretax income | -53.8M | -26.1M | -71.5M | -75.1M | -201M | -216.2M |
| Income tax | — | — | 0 | 0 | 0 | 0 |
| Net income | -53.8M | -26.1M | -71.5M | -75.1M | -201M | -216.2M |
| Net margin | -7.3K% | -471.4% | -545.9% | -625.5% | -1.9K% | -3.1K% |
| EBITDA | -43.4M | -39.7M | -94.3M | -58.8M | -56.5M | -59.9M |
| EPS | -0.47 | -0.23 | -0.7 | -0.57 | -1.09 | -0.7 |
| Diluted EPS | -0.47 | -0.23 | -0.7 | -0.57 | -1.09 | -0.7 |
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 | 3.1M | 3.4M | 3.1M | 3.1M | 2.4M | 2.3M | 1.5M | 1.8M | 1.9M | 1.9M | 4.4M | 5.1M |
| Cost of revenue | 834K | 860K | 1.6M | 1.1M | 1.2M | 1.3M | 1M | 1.2M | 1.5M | 1.2M | 3M | 3M |
| Gross profit | 2.3M | 2.5M | 1.5M | 2M | 1.2M | 1M | 442K | 566K | 404K | 652K | 1.4M | 2.2M |
| Gross margin | 73.1% | 74.5% | 49.1% | 64.5% | 50.6% | 44.1% | 30% | 31.4% | 20.7% | 34.9% | 31.3% | 42.6% |
| Research & development | 13.1M | 12.8M | 11.5M | 11.9M | 12.8M | 13.7M | 15.5M | 13.5M | 15M | 17.3M | 20M | 20.7M |
| Selling, general & administrative | 6M | 6.9M | 6.6M | 6.2M | 5.8M | 5.8M | 6.6M | 6.9M | 5.9M | 5.9M | 7.4M | 9.5M |
| Operating expenses | 19.1M | 19.7M | 18.1M | 18.1M | 18.6M | 19.5M | 22.1M | 20.4M | 21M | 23.2M | 27.3M | 30.3M |
| Operating income | -16.8M | -17.2M | -16.6M | -16.1M | -17.3M | -18.5M | -21.6M | -19.9M | -20.5M | -22.6M | -26M | -28.1M |
| Operating margin | -542.1% | -509.7% | -543.4% | -521.2% | -729.4% | -813.3% | -1.5K% | -1.1K% | -1.1K% | -1.2K% | -589.8% | -546.2% |
| Non-operating income, net | -5.2M | 4.6M | -4.2M | 3.4M | 2M | -135.6M | 62.1M | -22.8M | -186M | -1.4M | 53.7M | -29.6M |
| Pretax income | -22.2M | -12.6M | -20.8M | -12.4M | -14.8M | -153M | 42.6M | -39.7M | -201M | -18.2M | 33.1M | -52.6M |
| Income tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income | -22.2M | -12.6M | -20.8M | -12.4M | -14.8M | -153M | 42.6M | -39.7M | -201M | -18.2M | 33.1M | -52.6M |
| Net margin | -715.5% | -372.4% | -680.6% | -402.5% | -623.8% | -6.7K% | 2.9K% | -2.2K% | -10.3K% | -974.7% | 752.5% | -1K% |
| EBITDA | -13.4M | -14.8M | -13.7M | -13.3M | -14.3M | -15.2M | -17.7M | -14.9M | -12.9M | -14.5M | -77M | 4.4M |
| EPS | -0.17 | — | -0.14 | -0.07 | -0.08 | -0.68 | 0.15 | -0.13 | -0.62 | -0.06 | 0.1 | -0.16 |
| Diluted EPS | -0.17 | — | -0.14 | -0.07 | -0.08 | -0.68 | 0.13 | -0.13 | -0.62 | -0.06 | -0.06 | -0.16 |
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 | Current |
|---|---|---|---|---|---|---|---|
| Market cap | — | — | — | — | — | — | 5.3B |
| Enterprise value | — | — | — | — | — | — | 5.2B |
| Shares outstanding | 113.8M | 113.8M | 102.3M | 132M | 184.7M | 309.8M | 309.8M |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | -22.8 |
| P/S | — | — | — | — | — | — | 416.4 |
| P/B | — | — | — | — | — | — | 10.3 |
| EV/EBITDA | — | — | — | — | — | — | -59.3 |
| EV/Sales | — | — | — | — | — | — | 387.5 |
| Earnings yield | — | — | — | — | — | — | -4.39% |
| FCF yield | — | — | — | — | — | — | 0.5% |
| PEG | — | — | — | — | — | — | -0.99 |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Gross margin | 60.8% | 73.1% | 78.1% | 76.7% | 52.8% | 29.1% | 42.6% |
| Operating margin | -6.5K% | -633.1% | -791.5% | -593.8% | -634.9% | -1.2K% | -546.2% |
| Net margin | -7.3K% | -471.4% | -545.9% | -625.5% | -1.9K% | -3.1K% | 29.1% |
| ROE | 41.9% | 73.8% | -47.6% | -68.5% | -158.8% | -39.6% | -43.8% |
| ROA | -195.8% | -52.6% | -35.2% | -47% | -70.6% | -32.4% | -9.45% |
| ROIC | — | — | -222.8% | -177.3% | 120.8% | -77.1% | -64.2% |
| Return on tangible assets | -321.7% | -67.1% | -35.2% | -47% | -70.6% | -32.4% | -36.8% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Current ratio | 0.05 | 7.4 | 7.1 | 3.71 | 17.4 | 37.4 | 3.94 |
| Quick ratio | 0.05 | 7.4 | 7.1 | 3.71 | 17.4 | 37.4 | 3.94 |
| Debt / equity | -0.21 | — | 0.26 | 0.28 | 0.07 | 0.01 | 0.01 |
| Debt / assets | 0.98 | — | 0.19 | 0.19 | 0.03 | 0.01 | 0.01 |
| Net debt / EBITDA | -0.61 | — | 1.1 | 1.18 | 3.24 | 7.28 | 3.86 |
| Interest coverage | — | — | -12.5 | -12 | -60.7 | — | — |
| Effective tax rate | — | — | 0% | 0% | 0% | 0% | 0% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Revenue per share | 0.01 | 0.05 | 0.13 | 0.09 | 0.06 | 0.02 | 0.04 |
| EPS (basic) | -0.47 | -0.23 | -0.7 | -0.57 | -1.09 | -0.7 | -0.7 |
| EPS (diluted) | -0.47 | -0.23 | -0.7 | -0.57 | -1.09 | -0.7 | -0.83 |
| Book value per share | -1.13 | -0.31 | 1.47 | 0.83 | 0.69 | 1.76 | 1.61 |
| FCF per share | -0.35 | -0.3 | -0.84 | -0.45 | -0.33 | -0.25 | -0.26 |
| Cash per share | 0 | 0.2 | 1.4 | 0.76 | 1.04 | 1.43 | 1.18 |
| Capex per share | 0.03 | 0.04 | 0.22 | 0.07 | 0.06 | — | — |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Capex / revenue | 420.7% | 79.4% | 173.5% | 75.4% | 102.9% | — | — |
| Capex / operating cash flow | -8.33% | -19.3% | -53.4% | -18.2% | -8.38% | — | — |
| Payout ratio | — | — | — | — | — | — | 0% |
| — |
| $5.5M |
| — |
| FY20 | — | -$0.47 | — | — | $735.5K | — |
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $3.1M | $3.4M | $3.1M | $3.1M | $2.4M | $2.3M | $1.5M | $1.8M | $1.9M | $1.9M | $4.4M | $5.1M |
| YoY change | +10.7% | -44.3% | +38.7% | -7.24% | -23.4% | -32.6% | -51.8% | -41.6% | -18.1% | -17.9% | +198.9% | +185.3% |
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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Cash & short-term investments | 308.7K | 11.7M | 142.8M | 99.9M | 192.1M | 443.5M |
| Receivables | 189K | 1.5M | 6.2M | 5M | 2.4M | 2.6M |
| Inventory | — | — | — | — | — | — |
| Total current assets | 1.6M | 18.1M | 154.5M | 107.7M | 206.8M | 454.8M |
| Property, plant & equipment | 20M | 22.5M | 48.8M | 52.1M | 52.6M | 63.5M |
| Goodwill & intangibles | 10.8M | 10.8M | 0 | — | — | — |
| Total assets | 27.5M | 46.4M | 203.4M | 159.9M | 284.8M | 666.6M |
| Accounts payable | 3.1M | 2M | 1.9M | 5.8M | 1.6M | 3.5M |
| Short-term debt | 26.9M | 1.3M | 10.6M | 14.4M | 2.2M | 2.2M |
| Total current liabilities | 34.8M | 8.3M | 21.8M | 29.1M | 11.9M | 12.2M |
| Long-term debt | — | 23.5M | 28.5M | 16.2M | 6.6M | 4.9M |
| Total liabilities | 155.9M | 118M | 53.2M | 50.3M | 158.2M | 120.4M |
| Shareholders' equity | -128.4M | -71.5M | 150.2M | 109.6M | 126.6M | 546.2M |
| Total debt | 26.9M | 24.8M | 39.1M | 30.6M | 8.8M | 7.2M |
| Net debt | 26.6M | 13.1M | -18.7M | 9.2M | -58.9M | -37.7M |
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 | 110.2M | 99.9M | 102.8M | 100.5M | 92.6M | 192.1M | 209.1M | 425.7M | 447M | 443.5M | 418.2M | 393.7M |
| Receivables | 3M | 5M | 4.7M | 5.2M | 6.4M | 2.4M | 1.1M | 1.8M | 2.3M | 2.6M | 4.4M | 3.9M |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 116.7M | 107.7M | 110M | 109.7M | 103.9M | 206.8M | 214.4M | 433.6M | 456.3M | 454.8M | 432.2M | 414.4M |
| Property, plant & equipment | 48.4M | 52.1M | 51.9M | 52.5M | 53.2M | 52.6M | 53.7M | 56.1M | 60.9M | 63.5M | 63.6M | 82.2M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 165.2M | 159.9M | 162.1M | 162.4M | 157.3M | 284.8M | 269.1M | 636.7M | 630.3M | 666.6M | 650.7M | 648.2M |
| Accounts payable | 1.4M | 5.8M | 3.8M | 1.8M | 1.6M | 1.6M | 3.4M | 2.2M | 3.3M | 3.5M | 4.1M | 14M |
| Short-term debt | 13.7M | 14.4M | 15M | 15.3M | 13.4M | 2.2M | 2.2M | 2.2M | 2.2M | 2.2M | 2.3M | 2.7M |
| Total current liabilities | 23M | 29.1M | 24.9M | 25.6M | 21.5M | 11.9M | 11.4M | 10.4M | 11.6M | 12.2M | 61.9M | 105.1M |
| Long-term debt | 19.8M | 16.2M | 12.4M | 8.8M | 9.1M | 6.6M | 6.2M | 5.8M | 5.4M | 4.9M | 4.5M | 5M |
| Total liabilities | 52.5M | 50.3M | 46.5M | 40.3M | 34.4M | 158.2M | 62M | 83.4M | 258.4M | 120.4M | 67.1M | 110.8M |
| Shareholders' equity | 112.7M | 109.6M | 115.6M | 122.2M | 122.8M | 126.6M | 207.1M | 553.3M | 371.8M | 546.2M | 583.6M | 537.4M |
| Total debt | 33.5M | 30.6M | 27.4M | 24.1M | 22.5M | 8.8M | 8.4M | 8M | 7.6M | 7.2M | 6.8M | 7.7M |
| Net debt | -8.2M | 9.2M | -7.7M | 3.4M | 2.2M | -58.9M | -28.8M | -49.2M | -18.5M | -37.7M | -41.4M | -20.1M |
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 |
|---|---|---|---|---|---|---|
| Net income | -53.8M | -26.1M | -71.5M | -75.1M | -201M | -216.2M |
| Depreciation & amortization | 3.9M | 4.3M | 7M | 7.4M | 6.9M | 8.2M |
| Stock-based compensation | 2.8M | 2.6M | 44.8M | 12.4M | 13.1M | 17.6M |
| Change in working capital | 4.4M | -3.6M | -5.7M | 1.5M | 2M | 721K |
| Operating cash flow | -37.2M | -22.8M | -42.6M | -49.7M | -132.5M | -58.5M |
| Capital expenditure | -3.1M | -4.4M | -22.7M | -9.1M | -11.1M | — |
| Investing cash flow | -2.9M | -4.4M | -107M | 773K | -78.4M | -384.7M |
| Dividends paid | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — |
| Financing cash flow | 18.6M | 56.2M | 209.4M | 12.1M | 174.9M | 387.1M |
| Net change in cash | -21.5M | 29M | 59.8M | -36.8M | -35.9M | -56.1M |
| Free cash flow | -40M | -34.5M | -85.4M | -59.6M | -61.7M | -77.2M |
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 | 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 | -22.2M | -12.6M | -20.8M | -12.4M | -14.8M | -153M | 42.6M | -39.7M | -201M | -18.2M | 33.1M | -52.6M |
| Depreciation & amortization | 2.1M | 1M | 1.8M | 1.5M | 1.8M | 1.8M | 1.8M | 1.9M | 2.1M | 2.4M | 2.6M | 2.9M |
| Stock-based compensation | 3.7M | 3.7M | 3M | 3.3M | 3.4M | 3.4M | 4.2M | 3.6M | 4.3M | 5.6M | 5.9M | 7M |
| Change in working capital | 5.4M | -1.1M | 443K | -1.2M | -825K | 3.7M | 2.1M | -843K | -691K | 115K | 7K | 3.8M |
| Operating cash flow | -8.4M | -9.6M | -13.2M | -9.5M | -10.3M | -99.5M | 42.3M | -16.2M | -13.8M | -14.9M | -16.2M | -15.8M |
| Capital expenditure | -1.8M | -1.5M | -5.5M | -2M | -2.3M | -1.3M | -2.5M | — | — | — | — | — |
| Investing cash flow | 14.3M | -10.8M | 6.2M | -13.3M | 6.3M | -77.6M | -23.6M | -340.5M | -14.1M | -9M | 24.2M | 7.2M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 10.2M | 2.6M | 20.6M | 12.4M | 8.7M | 133.2M | 6.2M | 381M | -90K | 0 | — | — |
| Net change in cash | 16.1M | -17.8M | 13.6M | -10.4M | 4.7M | -43.8M | 24.9M | 24.4M | -28M | -23.9M | 8M | -8.6M |
| Free cash flow | -6.3M | -14M | -18.6M | -15.6M | -17.7M | -9.8M | -16.2M | -21.8M | -19.7M | -19.5M | -20.6M | -27.8M |