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 | -$0.24 | -$0.27 | -12.5% | — | $8.1M | — |
| Q1 26 | -$0.25 | -$0.31 | -24.0% | — | $8M | — |
| Q3 25 | -$0.24 | -$0.26 | -8.3% | — | $7.8M | — |
| Q2 25 | -$0.25 | -$0.27 | -8.0% | — | $7.3M | — |
| Q1 25 | -$0.27 | -$0.26 | +3.7% | — | $7.2M | — |
| Q4 24 | -$0.22 | -$0.22 | 0.0% | — | $8.2M | — |
| Q3 24 | -$0.25 | -$0.26 | -4.0% | — | $7.6M | — |
| Q2 24 | -$0.28 | -$0.29 | -3.6% | — | $6.6M | — |
| Q1 24 | -$0.29 | -$0.31 | -6.9% | — | $5.6M | — |
| Q4 23 | -$0.28 | -$0.26 | +7.1% | — | $6.3M | — |
| Q3 23 | -$0.28 | -$0.31 | -10.7% | — | $6.1M | — |
| Q2 23 | -$0.33 | -$0.33 | 0.0% | — | $5M | — |
| Q1 23 | -$0.36 | -$0.32 | +11.1% | — | $5M | — |
| Q4 22 | -$0.36 | -$0.39 | -8.3% | — | $4.4M | — |
| Q3 22 | -$0.36 | -$0.38 | -5.6% | — | $4.7M | — |
| Q2 22 | -$0.35 | -$0.31 | +11.4% | — | $3.9M | — |
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 | — | -$1.05 | — | — | $33.6M | — |
| FY24 | — | -$1.08 | — | — | $28.1M | — |
| FY23 | — | -$1.22 | — | — | $22.5M | — |
| FY22 | — | -$1.43 | — | — | $17.1M | — |
| FY21 | — | -$3.94 |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Revenue | $16.5M | $16.1M | $23.2M | $17.1M | $22.5M | $28.1M | $33.6M |
| YoY change | — | -2.63% | +44.5% | -26.3% | +31.4% | +24.6% | +19.7% |
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 |
|---|
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Revenue | 16.5M | 16.1M | 23.2M | 17.1M | 22.5M | 28.1M | 33.6M |
| Cost of revenue | 16.7M | 24.1M | 31M | 25.7M | 28M | 28.2M | 32.5M |
| Gross profit | -234K | -8.1M | -7.7M | -8.5M | -5.5M | -109K | 1M |
| Gross margin | -1.42% | -50.2% | -33.3% | -49.8% | -24.4% | -0.39% | 3.12% |
| Research & development | 5.4M | 6.5M | 9.8M | 12.9M | 12.8M | 14.6M | 13.6M |
| Selling, general & administrative | 13M | 15.9M | 29.7M | 41.8M | 38.3M | 35.2M | 34.8M |
| Operating expenses | 18.4M | 22.5M | 39.5M | 54.7M | 51.1M | 49.8M | 48.4M |
| Operating income | -18.6M | -30.5M | -47.2M | -63.2M | -56.6M | -49.9M | -47.4M |
| Operating margin | -112.9% | -190% | -203.3% | -369% | -251.2% | -178% | -141.1% |
| Non-operating income, net | 265K | -3M | -23.6M | 59K | -83K | -112K | -110K |
| Pretax income | -20.7M | -36.9M | -73.4M | -61.4M | -52.4M | -46.9M | -47.1M |
| Income tax | 427K | 134K | 91K | -576K | 31K | 22K | 40K |
| Net income | -21.2M | -37.1M | -73.5M | -60.8M | -52.5M | -46.9M | -47.1M |
| Net margin | -128.2% | -230.6% | -316.5% | -354.9% | -233% | -167.2% | -140.3% |
| EBITDA | -17.2M | -29M | -23M | -60.4M | -53.5M | -46.6M | -42.7M |
| EPS | -0.99 | -1.42 | -3.94 | -1.43 | -1.22 | -1.08 | -1.05 |
| Diluted EPS | -0.99 | -1.42 | -3.94 | -1.43 | -1.22 | -1.08 | -1.05 |
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 | 6.1M | 6.3M | 5.6M | 6.6M | 7.6M | 8.2M | 7.2M | 7.3M | 7.8M | 11.3M | 8M | 8.1M |
| Cost of revenue | 7.8M | 6.5M | 7.1M | 6.8M | 7M | 7.2M | 6.8M | 7M | 7.1M | 11.6M | 7.6M | 6.8M |
| Gross profit | -1.6M | -172K | -1.5M | -189K | 622K | 981K | 404K | 275K | 696K | -328K | 371K | 1.2M |
| Gross margin | -26.5% | -2.71% | -27.1% | -2.86% | 8.18% | 11.9% | 5.61% | 3.79% | 8.88% | -2.91% | 4.64% | 15% |
| Research & development | 3.1M | 3.3M | 3.8M | 3.7M | 3.6M | 3.4M | 3.6M | 3.2M | 3.5M | 3.2M | 3.4M | 3.3M |
| Selling, general & administrative | 9.7M | 8.7M | 8.9M | 9.4M | 9.1M | 7.8M | 8.4M | 9.2M | 8.5M | 8.7M | 10.9M | 10.2M |
| Operating expenses | 12.8M | 12M | 12.8M | 13.2M | 12.7M | 11.2M | 12.1M | 12.4M | 12.1M | 11.9M | 14.2M | 13.5M |
| Operating income | -14.4M | -12.2M | -14.3M | -13.4M | -12M | -10.2M | -11.7M | -12.1M | -11.4M | -12.2M | -13.9M | -12.3M |
| Operating margin | -235.1% | -192.3% | -254.4% | -202.1% | -158.3% | -124.5% | -161.8% | -167.3% | -145.1% | -108.2% | -173.1% | -153% |
| Non-operating income, net | -26K | -17K | -29K | -23K | -39K | -21K | -61K | -50K | -79K | 80K | -32K | -50K |
| Pretax income | -13.4M | -11.2M | -13.3M | -12.6M | -11.3M | -9.7M | -11.3M | -11.8M | -11.5M | -12.5M | -14.3M | -12.9M |
| Income tax | 10K | 8K | 3K | 15K | 13K | -9K | 7K | 11K | 8K | 14K | 8K | 45K |
| Net income | -13.4M | -11.2M | -13.3M | -12.6M | -11.3M | -9.7M | -11.3M | -11.9M | -11.5M | -12.5M | -14.3M | -12.9M |
| Net margin | -217.9% | -176.3% | -237.4% | -190.1% | -148.9% | -117.6% | -156.3% | -163.3% | -146.8% | -110.8% | -178.4% | -160.5% |
| EBITDA | -13.7M | -11.4M | -13.5M | -12.6M | -11.2M | -9.4M | -10.8M | -11.3M | -10.3M | -11M | -12.9M | -11.6M |
| EPS | -0.31 | — | -0.31 | -0.29 | -0.26 | -0.22 | -0.26 | -0.27 | -0.26 | -0.28 | -0.31 | -0.27 |
| Diluted EPS | -0.31 | — | -0.31 | -0.29 | -0.26 | -0.22 | -0.26 | -0.27 | -0.26 | -0.28 | -0.31 | -0.27 |
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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Market cap | — | — | — | — | 31.8M | 39.2M | 129.6M | 54.9M |
| Enterprise value | — | — | — | — | -52.9M | -5.3M | 115.1M | 57.9M |
| Shares outstanding | 27M | 31.7M | 19.8M | 42.5M | 43M | 43.6M | 44.7M | 44.7M |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | -1.05 |
| P/S | — | — | — | — | 1.41 | 1.4 | 3.86 | 1.56 |
| P/B | — | — | — | — | 0.27 | 0.52 | 3.9 | 3.08 |
| EV/EBITDA | — | — | — | — | 0.99 | 0.11 | -2.69 | -1.23 |
| EV/Sales | — | — | — | — | -2.35 | -0.19 | 3.43 | 1.65 |
| Earnings yield | — | — | — | — | — | — | — | -95.5% |
| FCF yield | — | — | — | — | -147.4% | -116.1% | -24.6% | -38.9% |
| PEG | — | — | — | — | — | — | — | -1.51 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Gross margin | -1.42% | -50.2% | -33.3% | -49.8% | -24.4% | -0.39% | 3.12% | 15% |
| Operating margin | -112.9% | -190% | -203.3% | -369% | -251.2% | -178% | -141.1% | -153% |
| Net margin | -128.2% | -230.6% | -316.5% | -354.9% | -233% | -167.2% | -140.3% | -145.6% |
| ROE | 2.9K% | -149.4% | -33.3% | -37% | -44.5% | -62.2% | -141.9% | -141.6% |
| ROA | -66.8% | -53% | -30.5% | -31.9% | -36.6% | -47.8% | -63% | -46.4% |
| ROIC | -403.2% | -670.8% | -171.9% | -99.6% | -170% | -162.1% | -252.3% | -231.9% |
| Return on tangible assets | -66.8% | -53% | -30.5% | -31.9% | -36.6% | -47.8% | -63% | -87.6% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Current ratio | 2.24 | 4 | 12 | 7.27 | 6.34 | 4.61 | 3.31 | 2.55 |
| Quick ratio | 1.7 | 3.42 | 11.1 | 6.16 | 5.29 | 3.46 | 2.36 | 1.51 |
| Debt / equity | -24.6 | 1 | 0 | 0.05 | 0.06 | 0.08 | 0.72 | 1.32 |
| Debt / assets | 0.56 | 0.35 | 0 | 0.04 | 0.05 | 0.06 | 0.32 | 0.4 |
| Net debt / EBITDA | -0.31 | 0.7 | 8.43 | 1.67 | 1.58 | 0.96 | 0.34 | -0.08 |
| Interest coverage | -7.73 | -9.72 | -17.8 | — | — | — | -42.2 | -20.7 |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0.61 | 0.51 | 1.17 | 0.4 | 0.52 | 0.64 | 0.75 | 0.76 |
| EPS (basic) | -0.99 | -1.42 | -3.94 | -1.43 | -1.22 | -1.08 | -1.05 | -1.05 |
| EPS (diluted) | -0.99 | -1.42 | -3.94 | -1.43 | -1.22 | -1.08 | -1.05 | -1.11 |
| Book value per share | -0.03 | 0.78 | 11.2 | 3.87 | 2.74 | 1.73 | 0.74 | 0.35 |
| FCF per share | -0.85 | -1 | -2.94 | -1.54 | -1.09 | -1.04 | -0.71 | -0.84 |
| Cash per share | 0.46 | 1.42 | 9.78 | 2.56 | 2.14 | 1.16 | 0.86 | 0.41 |
| Capex per share | 0.06 | 0.02 | 0.16 | 0.16 | 0.04 | 0.03 | — | — |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Capex / revenue | 10.3% | 4.29% | 13.8% | 39.3% | 8.19% | 4.87% | — | — |
| Capex / operating cash flow | -8.22% | -2% | -4.05% | -12% | -4.14% | -3.44% | — | — |
| Payout ratio | — | — | — | — | — | — | — | 0% |
| — |
| — |
| $23.2M |
| — |
| FY20 | — | -$1.42 | — | — | $16.1M | — |
| FY19 | — | -$0.99 | — | — | $16.5M | — |
| Q1 24 |
|---|
| Q2 24 |
|---|
| Q3 24 |
|---|
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $6.1M | $6.3M | $5.6M | $6.6M | $7.6M | $8.2M | $7.2M | $7.3M | $7.8M | $11.3M | $8M | $8.1M |
| YoY change | +29.7% | +44.9% | +11.4% | +32.3% | +23.7% | +29.7% | +28.4% | +9.73% | +3.08% | +37.3% | +11.1% | +10.9% |
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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 12.5M | 45.1M | 193.5M | 108.6M | 92.1M | 50.7M | 38.3M |
| Receivables | 3.6M | 5M | 5M | 5.4M | 5.5M | 7.5M | 3.1M |
| Inventory | 5.8M | 9M | 15.7M | 21.2M | 20M | 20.2M | 17.6M |
| Total current assets | 23.6M | 62.1M | 218.1M | 138.6M | 120.4M | 80.9M | 61.2M |
| Property, plant & equipment | 7.6M | 7.1M | 11.3M | 20.9M | 19.1M | 16.4M | 13.1M |
| Goodwill & intangibles | — | — | — | — | — | — | — |
| Total assets | 31.7M | 70M | 241.2M | 190.7M | 143.5M | 98.2M | 74.9M |
| Accounts payable | 3.2M | 4.5M | 3.9M | 5.4M | 2M | 2.5M | 4.1M |
| Short-term debt | — | — | — | 766K | 1.1M | 1.2M | 1.3M |
| Total current liabilities | 10.5M | 15.5M | 18.2M | 19.1M | 19M | 17.6M | 18.5M |
| Long-term debt | 17.8M | 24.8M | 0 | 7.2M | 6.2M | 5M | 22.6M |
| Total liabilities | 32.4M | 45.2M | 20.2M | 26.5M | 25.5M | 22.8M | 41.6M |
| Shareholders' equity | -725K | 24.8M | 221M | 164.2M | 118M | 75.4M | 33.2M |
| Total debt | 17.8M | 24.8M | 0 | 8M | 7.3M | 6.2M | 23.9M |
| Net debt | 5.3M | -5.3M | -178.4M | -19.1M | -16.9M | -10.7M | 3.8M |
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 | 5.3M | 92.1M | 79.5M | 69.4M | 60.8M | 50.7M | 41.7M | 31.3M | 41.2M | 38.3M | 22.9M | 19.8M |
| Receivables | — | 5.5M | 4.9M | 5M | 3.7M | 7.5M | 4.5M | 6M | 5.4M | 3.1M | 6.4M | 5.5M |
| Inventory | — | 20M | 20.4M | 21.4M | 21.3M | 20.2M | 20.7M | 20.6M | 21.1M | 17.6M | 17.4M | 18.9M |
| Total current assets | — | 120.4M | 108.2M | 98.2M | 87.9M | 80.9M | 69.2M | 60.1M | 70M | 61.2M | 49.2M | 46.3M |
| Property, plant & equipment | — | 19.1M | 18.6M | 18M | 17M | 16.4M | 15.5M | 14.8M | 14M | 13.1M | 12.6M | 11.7M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | — | 143.5M | 127.7M | 117.1M | 105.8M | 98.2M | 85.4M | 75.6M | 84.4M | 74.9M | 62.4M | 58.5M |
| Accounts payable | — | 2M | 1.2M | 2.2M | 2.3M | 2.5M | 2.6M | 3.3M | 3.6M | 4.1M | 4.7M | 5.2M |
| Short-term debt | — | 1.1M | 1.2M | 1.2M | 1.2M | 1.2M | 1.2M | 1.3M | 1.3M | 1.3M | 1.3M | 1.3M |
| Total current liabilities | — | 19M | 15.6M | 16.6M | 15.9M | 17.6M | 15M | 16.4M | 16.5M | 18.5M | 19.1M | 18.1M |
| Long-term debt | — | 6.2M | 5.9M | 5.6M | 5.3M | 5M | 4.6M | 4.3M | 22.8M | 22.6M | 22.4M | 22.1M |
| Total liabilities | — | 25.5M | 21.8M | 22.5M | 21.5M | 22.8M | 19.9M | 21M | 40.1M | 41.6M | 42M | 40.7M |
| Shareholders' equity | — | 118M | 105.9M | 94.6M | 84.4M | 75.4M | 65.5M | 54.5M | 44.3M | 33.2M | 20.4M | 17.7M |
| Total debt | — | 7.3M | 7.1M | 6.8M | 6.5M | 6.2M | 5.9M | 5.6M | 24.1M | 23.9M | 23.7M | 23.5M |
| Net debt | — | -16.9M | -15.4M | -30.3M | -15.6M | -10.7M | -13M | -12.8M | 5.2M | 3.8M | 9.9M | 8.8M |
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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Net income | -21.2M | -37.1M | -73.5M | -60.8M | -52.5M | -46.9M | -47.1M |
| Depreciation & amortization | 1.5M | 1.5M | 1.5M | 2.8M | 3.1M | 3.4M | 3.3M |
| Stock-based compensation | 473K | 533K | 1.8M | 4M | 4.8M | 3.9M | 4M |
| Change in working capital | -1.8M | -1.5M | -9.2M | -3.1M | -1.2M | -1.3M | 5.7M |
| Operating cash flow | -20.6M | -34.6M | -78.9M | -56.1M | -44.5M | -39.7M | -31.1M |
| Capital expenditure | -1.7M | -690K | -3.2M | -6.7M | -1.8M | -1.4M | — |
| Investing cash flow | -1.7M | -15.7M | -13.3M | -93.5M | 42.2M | 36.7M | 15.2M |
| Dividends paid | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — |
| Financing cash flow | 14.9M | 64.2M | 215.8M | -33K | -37K | -35K | 19.1M |
| Net change in cash | -7.5M | 13.9M | 123.6M | -149.6M | -2.4M | -3.1M | 3.2M |
| Free cash flow | -22.8M | -31.7M | -58.2M | -65.3M | -46.9M | -45.5M | -31.9M |
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 | -13.4M | -11.2M | -13.3M | -12.6M | -11.3M | -9.7M | -11.3M | -11.9M | -11.5M | -12.5M | -14.3M | -12.9M |
| Depreciation & amortization | 781K | 794K | 806K | 828K | 859K | 869K | 847K | 811K | 804K | 790K | 706K | 674K |
| Stock-based compensation | 1.3M | 1M | 1.1M | 1.2M | 929K | 689K | 1M | 1.2M | 1.1M | 627K | 1.2M | 1.3M |
| Change in working capital | 2.2M | -1.3M | -482K | -900K | 1.4M | -1.3M | 1.5M | -827K | -720K | 5.7M | -672K | -1.7M |
| Operating cash flow | -8.8M | -10.3M | -11.6M | -11.2M | -7.9M | -9.1M | -7.5M | -9.7M | -9.1M | -3.2M | -15.1M | -12.7M |
| Capital expenditure | -453K | -418K | -585K | -459K | -223K | -98K | -319K | — | — | — | — | — |
| Investing cash flow | 4.8M | 10M | 13.5M | 24.8M | -6.5M | 4.9M | 10.7M | 9.7M | -9.5M | 4M | 9M | 4M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | -9K | -10K | -10K | -10K | -9K | -6K | -7K | -7K | -887K | -8K | -9K | -9K |
| Net change in cash | -4.1M | -321K | 1.9M | 13.6M | -14.4M | -4.2M | 3.1M | 3K | -19.4M | 725K | -6.1M | -8.7M |
| Free cash flow | -10.2M | -9.9M | -16.1M | -10.6M | -8.8M | -10M | -9.4M | -10.1M | -9.1M | -3.3M | -15.5M | -12.5M |