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 % |
|---|---|---|---|---|---|---|
| Q3 25 | -$10.2 | -$1.84 | +81.9% | — | — | — |
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 | — | — | — | — | — | — |
| FY24 | — | -$140.3 | — | — | $56M | — |
| FY23 | — | -$10.1 | — | — | $65.9M | — |
| FY22 | — | -$10.8 | — | — | $32.9M | — |
| FY21 | — | -$8.7 | — | — | $26.3M | — |
| FY20 | — | -$1.7 | — | — | $8.5M | — |
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 | $8.5M | $26.3M | $32.9M | $65.9M | $56M | — |
| YoY change | — | +208.6% | +25.1% | +100.2% | -15% | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 |
|---|---|---|---|---|---|---|
| Revenue | $12.6M |
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 | 8.5M | 26.3M | 32.9M | 65.9M | 56M | — |
| Cost of revenue | 4.8M | 10.1M | 16.8M | 40.2M | 33.6M | — |
| Gross profit | 3.7M | 16.2M | 16.1M | 25.7M | 22.4M | — |
| Gross margin | 43.4% | 61.7% | 49% | 39% | 40% | — |
| Research & development | 1.4M | 3.9M | 6.3M | 5.8M | 3.8M | — |
| Selling, general & administrative | 7.4M | 40.7M | 26.8M | 29.7M | 25.9M | — |
| Operating expenses | 8.8M | 44.5M | 33M | 35.5M | 29.7M | — |
| Operating income | -5.1M | -29.2M | -37.8M | -12.3M | -9.5M | — |
| Operating margin | -59.9% | -111% | -115% | -18.7% | -17% | — |
| Non-operating income, net | 1.6M | -1.1M | 10.7M | -24M | -13M | — |
| Pretax income | -5M | -35.3M | -49.2M | -52.8M | -25.7M | — |
| Income tax | 0 | 4.9K | -8K | 289K | 1.1M | — |
| Net income | -5M | -35.3M | -49.2M | -53.1M | -26.8M | — |
| Net margin | -58.7% | -134.1% | -149.6% | -80.6% | -47.9% | — |
| EBITDA | -2.5M | -28.8M | -23M | -37.3M | -6.9M | -8.7M |
| EPS | -1.7 | -8.7 | -10.8 | -10.1 | -140.3 | — |
| Diluted EPS | -1.7 | -8.7 | -10.8 | -10.1 | -140.3 | — |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 |
|---|---|---|---|---|---|---|
| Revenue | 12.6M | 14.7M | — | — | — | — |
| Cost of revenue | 7.7M | 8.9M | — | — | — | — |
| Gross profit | 4.9M | 5.8M | — | — | — | — |
| Gross margin | 38.5% | 39.3% | — | — | — | — |
| Research & development | 815K | 821K | — | — | — | — |
| Selling, general & administrative | 5.9M | 7.1M | — | — | — | — |
| Operating expenses | 6.7M | 7.9M | — | — | — | — |
| Operating income | -2.5M | -2.6M | — | — | — | — |
| Operating margin | -19.7% | -17.5% | — | — | — | — |
| Non-operating income, net | -1.5M | -3.7M | — | — | — | — |
| Pretax income | -4.6M | -6.9M | — | — | — | — |
| Income tax | 586K | -74K | — | — | — | — |
| Net income | -5.2M | -6.9M | — | — | — | — |
| Net margin | -41% | -46.5% | — | — | — | — |
| EBITDA | -1.8M | -2.3M | -380K | -1.7M | -1.2M | -2M |
| EPS | -0.76 | — | -11.6 | -28 | -2.45 | — |
| Diluted EPS | -0.76 | — | -11.6 | -28 | -2.45 | — |
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 | 6.8B | — | — | — | — | — | 19.1M |
| Enterprise value | 6.8B | — | — | — | — | — | 5.7M |
| Shares outstanding | 3M | 4.1M | 4.6M | 5.3M | 191.3K | — | — |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| P/S | 802 | — | — | — | — | — | 0.9 |
| P/B | 17.7K | — | — | — | — | — | 12.1 |
| EV/EBITDA | -2.8K | — | — | — | — | — | -0.64 |
| EV/Sales | 802.2 | — | — | — | — | — | 0.51 |
| FCF yield | -0.06% | — | — | — | — | — | -59% |
| PEG | — | — | — | — | — | — | 27.9 |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Gross margin | 43.4% | 61.7% | 49% | 39% | 40% | — | — |
| Operating margin | -59.9% | -111% | -115% | -18.7% | -17% | — | -78.6% |
| Net margin | -58.7% | -134.1% | -149.6% | -80.6% | -47.9% | — | -157.5% |
| ROE | -1.3K% | -119.7% | 2.6K% | -226% | 1.8K% | — | — |
| ROA | -40.8% | -30.9% | -50.4% | -41.3% | -21.9% | — | -8.7% |
| ROIC | -286% | -2.3K% | -79.7% | -38.9% | -56.2% | — | — |
| Return on tangible assets | -40.8% | -41.1% | -160.5% | -81.6% | -33.1% | — | — |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Current ratio | 1.02 | 3.98 | 1.61 | 1.05 | 0.92 | 1.11 | 1.11 |
| Quick ratio | 1.02 | 3.97 | 1.6 | 1.05 | 0.92 | 1.11 | 1.11 |
| Debt / equity | 3.63 | 2.06 | -33 | 0.87 | -14.1 | 4.68 | 4.7 |
| Debt / assets | 0.11 | 0.53 | 0.65 | 0.16 | 0.17 | 0.24 | 0.24 |
| Net debt / EBITDA | -0.57 | 0.98 | -2.15 | -0.22 | -2.67 | 0.5 | 0.82 |
| Interest coverage | -2.32 | -6.16 | -1.22 | -2.21 | -7.23 | — | — |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | — | — |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Revenue per share | 2.85 | 6.46 | 7.22 | 12.5 | 292.8 | — | 18.6 |
| EPS (basic) | -1.7 | -8.7 | -10.8 | -10.1 | -140.3 | — | — |
| EPS (diluted) | -1.7 | -8.7 | -10.8 | -10.1 | -140.3 | — | -26.9 |
| Book value per share | 0.13 | 7.24 | -0.42 | 4.47 | -7.8 | — | 0.64 |
| FCF per share | -1.4 | -5.69 | -2.2 | 6.29 | 101.3 | — | -10.9 |
| Cash per share | 0 | 21.9 | 3.06 | 2.32 | 13.6 | — | 5.8 |
| Capex per share | 0 | 0.04 | 0.04 | 0.48 | 0.25 | — | — |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Capex / revenue | 0.08% | 0.6% | 0.49% | 3.81% | 0.08% | — | — |
| Capex / operating cash flow | -0.26% | -0.65% | 2.76% | 7.95% | 0.52% | -0.23% | -0.24% |
| Payout ratio | — | — | — | — | — | — | 0% |
| $14.7M |
| — |
| — |
| — |
| — |
| 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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Cash & short-term investments | 0 | 89M | 14M | 12.2M | 2.6M | 7.4M |
| Receivables | 10.1M | 6.7M | 8.6M | 13.7M | 1.2M | 1.1M |
| Inventory | 0 | 286.4K | 302K | — | — | — |
| Total current assets | 12M | 96.6M | 59.2M | 89.9M | 95.4M | 11.1M |
| Property, plant & equipment | 175.1K | 1.9M | 1.9M | 4.6M | 3.6M | 1.4M |
| Goodwill & intangibles | 0 | 28.3M | 67M | 63.6M | 41.3M | 510K |
| Total assets | 12.3M | 114M | 97.7M | 128.7M | 122.3M | 13.1M |
| Accounts payable | 10.4M | 2.8M | 30.5M | 78.6M | 94.3M | 2.7M |
| Short-term debt | 1.2M | 495.1K | 534K | 692K | 839K | 705K |
| Total current liabilities | 11.7M | 24.2M | 36.7M | 85.5M | 103.5M | 10M |
| Long-term debt | 149.9K | 60.3M | 62.8M | 19.6M | 20.2M | 2.4M |
| Total liabilities | 11.9M | 84.6M | 99.6M | 105.2M | 123.8M | 12.4M |
| Shareholders' equity | 385.2K | 29.5M | -1.9M | 23.5M | -1.5M | 668K |
| Total debt | 1.4M | 60.8M | 63.4M | 20.3M | 21.1M | 3.1M |
| Net debt | 1.4M | -28.2M | 49.4M | 8.1M | 18.5M | -4.3M |
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 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 |
|---|---|---|---|---|---|---|
| Cash & short-term investments | — | — | 3M | 210K | 1.2M | 7.4M |
| Receivables | — | — | 958K | 888K | 839K | 1.1M |
| Inventory | — | — | — | — | — | — |
| Total current assets | — | — | 79.8M | 16.6M | 19.8M | 11.1M |
| Property, plant & equipment | — | — | 3.3M | 2.2M | 1.9M | 1.4M |
| Goodwill & intangibles | — | — | 45.2M | 3.1M | 2.9M | 510K |
| Total assets | — | — | 108.1M | 20.6M | 23.4M | 13.1M |
| Accounts payable | — | — | 80.3M | 20.8M | 18M | 2.7M |
| Short-term debt | — | — | 15.9M | 533K | 636K | 705K |
| Total current liabilities | — | — | 103.9M | 24.7M | 24M | 10M |
| Long-term debt | — | — | 7.2M | 2.8M | 2.6M | 2.4M |
| Total liabilities | — | — | 111.2M | 27.5M | 26.6M | 12.4M |
| Shareholders' equity | — | — | -3.1M | -6.9M | -3.2M | 668K |
| Total debt | — | — | 23.1M | 3.4M | 3.3M | 3.1M |
| Net debt | — | — | 20.1M | 3.2M | 2.1M | -4.3M |
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 | -5M | -35.3M | -49.2M | -53.1M | -26.8M | -17.5M |
| Depreciation & amortization | 15.9K | 912.7K | 20.9M | 2.6M | 2.3M | 493K |
| Stock-based compensation | 3M | 3.7M | 3M | 1.9M | 624K | 889K |
| Change in working capital | -3M | -9.9M | 9.1M | 41.8M | 28.1M | -18.8M |
| Operating cash flow | -2.6M | -24.6M | 5.9M | 31.6M | 9M | -32.2M |
| Capital expenditure | -6.6K | -158.9K | -162K | 2.5M | -47K | -75K |
| Investing cash flow | -6.6K | -2.7M | -48.1M | 2.3M | -47K | -75M |
| Dividends paid | — | — | — | — | — | — |
| Share repurchases | 0 | -14.8M | -4.1M | — | — | — |
| Financing cash flow | 2.9M | 108.2M | -16.1M | -3M | -241K | 12.4M |
| Net change in cash | 321.9K | 80.9M | -58.3M | 30.9M | 8.7M | -94.9M |
| Free cash flow | -4.2M | -23.2M | -10M | 33.1M | 19.4M | -24.4M |
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 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 |
|---|---|---|---|---|---|---|
| Net income | -5.2M | -6.9M | -2.8M | -8.4M | -2M | -4.4M |
| Depreciation & amortization | 591K | 438K | 133K | 204K | -12K | 168K |
| Stock-based compensation | 136K | 82K | 55K | 441K | 133K | 260K |
| Change in working capital | 17.8M | 3.7M | -13.9M | 13.5M | -2.8M | -15.6M |
| Operating cash flow | 13.7M | -1.7M | -15.8M | 6.1M | -3.5M | -18.9M |
| Capital expenditure | -27K | -13K | -8K | -68K | 1K | 0 |
| Investing cash flow | -27K | -13K | -8K | -68K | 1K | 0 |
| Dividends paid | — | — | — | — | — | — |
| Share repurchases | -4K | — | — | — | -24K | — |
| Financing cash flow | -8K | 1K | 2M | -4K | -21K | 5M |
| Net change in cash | 13.6M | -1.7M | -13.8M | 6M | -3.6M | -13.9M |
| Free cash flow | 15.8M | 1.5M | -16.9M | 12.4M | -3.1M | -16.8M |