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 | -$0.19 | -$0.11 | +42.1% | — | $33.7M | — |
| Q1 26 | -$0.15 | -$0.19 | -26.7% | — | $30.9M | — |
| Q4 25 | -$0.2 | -$0.03 | +85.0% | — | $32.6M | — |
| Q3 25 | -$0.26 | -$0.04 | +84.6% | — | $30.3M | — |
| Q2 25 | -$0.11 | -$0.08 | +27.3% | — | $33.6M | — |
| Q1 25 | -$0.08 | -$0.03 | +62.5% | — | $37.9M | — |
| Q4 24 | -$0.01 | $0.03 | +400.0% | — | $40.2M | — |
| Q3 24 | -$0.25 | -$0.16 | +36.0% | — | $35.3M | — |
| Q2 24 | -$0.22 | -$0.16 | +27.3% | — | $34.9M | — |
| Q1 24 | -$0.19 | -$0.12 | +36.8% | — | $29.5M | — |
| Q4 23 | -$0.27 | -$0.13 | +51.9% | — | $28.6M | — |
| Q3 23 | -$0.43 | -$0.31 | +27.9% | — | $22.2M | — |
| Q2 23 | -$0.47 | -$0.39 | +17.0% | — | $20.8M | — |
| Q1 23 | -$0.53 | -$0.42 | +20.8% | — | $17.5M | — |
| Q4 22 | -$0.75 | -$0.56 | +25.3% | — | $16.1M | — |
| Q3 22 | -$0.71 | -$0.61 | +14.1% | — | $12.6M | — |
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 | — | -$0.95 | — | — | $134.5M | — |
| FY24 | — | -$0.71 | — | — | $139.9M | — |
| FY23 | — | -$1.41 | — | — | $89.1M | — |
| FY22 | — | -$2.41 | — | — | $49M | — |
| FY21 | — | -$3.57 |
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 | $2.2M | $14.7M | $22.6M | $49M | $89.1M | $139.9M | $134.5M |
| YoY change | — | +555% | +53.9% | +116.9% | +81.8% | +57.1% | -3.89% |
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 | 2.2M | 14.7M | 22.6M | 49M | 89.1M | 139.9M | 134.5M |
| Cost of revenue | 4.1M | 13M | 18.1M | 27.7M | 35.3M | 41M | 31.5M |
| Gross profit | -1.8M | 1.7M | 4.5M | 21.3M | 53.8M | 98.9M | 103M |
| Gross margin | -81.2% | 11.6% | 20% | 43.5% | 60.4% | 70.7% | 76.6% |
| Research & development | 29.6M | 21.9M | 24.5M | 26M | 29.1M | 34.4M | 38.5M |
| Selling, general & administrative | 15.2M | 15.2M | 32.8M | 58.7M | 74.8M | 101.4M | 112.7M |
| Operating expenses | 44.8M | 37.1M | 57.3M | 84.6M | 103.8M | 135.8M | 151.2M |
| Operating income | -46.6M | -35.4M | -52.8M | -63.3M | -50.1M | -36.9M | -48.2M |
| Operating margin | -2.1K% | -241.2% | -233.6% | -129.2% | -56.2% | -26.3% | -35.8% |
| Non-operating income, net | 170.6M | 63M | 7.7M | — | -1.8M | — | — |
| Pretax income | 126.2M | 27.6M | -48.7M | -66.7M | -48.6M | -27.4M | -38.9M |
| Income tax | 24K | 57K | 8K | 9K | 20K | 50K | 66K |
| Net income | 126.2M | 27.6M | -48.7M | -66.8M | -48.6M | -27.5M | -38.9M |
| Net margin | 5.6K% | 187.9% | -215.5% | -136.2% | -54.6% | -19.6% | -29% |
| EBITDA | -40.4M | -30.9M | -48.7M | -57.8M | -39.3M | -23.8M | -35.6M |
| EPS | 1.39 | 0.18 | -3.57 | -2.41 | -1.41 | -0.71 | -0.95 |
| Diluted EPS | 1.39 | 0.18 | -3.57 | -2.41 | -1.41 | -0.71 | -0.95 |
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 | 22.2M | 28.6M | 29.5M | 34.9M | 35.3M | 40.2M | 37.9M | 33.6M | 30.3M | 32.6M | 30.9M | 33.7M |
| Cost of revenue | 8.5M | 10.9M | 8.8M | 10.6M | 10.1M | 11.4M | 9.6M | 8.4M | 6.1M | 7.3M | 7.4M | 7.9M |
| Gross profit | 13.7M | 17.7M | 20.7M | 24.3M | 25.2M | 28.8M | 28.3M | 25.2M | 24.2M | 25.3M | 23.5M | 25.9M |
| Gross margin | 61.9% | 61.8% | 70.1% | 69.5% | 71.4% | 71.6% | 74.8% | 74.9% | 79.9% | 77.5% | 76.1% | 76.7% |
| Research & development | 7.1M | 7.3M | 8M | 8.3M | 8.8M | 9.2M | 10.4M | 10.2M | 9.1M | 8.9M | 9.5M | 9.2M |
| Selling, general & administrative | 19.1M | 21.2M | 23.3M | 24.3M | 25.6M | 28.2M | 28.6M | 29M | 27.3M | 27.7M | 31.9M | 30.4M |
| Operating expenses | 26.2M | 28.5M | 31.4M | 32.6M | 34.4M | 37.4M | 39M | 39.2M | 36.4M | 36.6M | 41.3M | 39.7M |
| Operating income | -12.5M | -10.9M | -10.7M | -8.3M | -9.2M | -8.6M | -10.7M | -14M | -12.2M | -11.3M | -17.8M | -13.8M |
| Operating margin | -56.4% | -38% | -36.2% | -23.9% | -26.1% | -21.5% | -28.2% | -41.6% | -40.1% | -34.8% | -57.7% | -40.8% |
| Non-operating income, net | -1.4M | 0 | — | — | — | — | — | — | — | — | — | — |
| Pretax income | -12.4M | -9.2M | -9.1M | -6.1M | -6.3M | -5.9M | -8.2M | -11.8M | -9.8M | -9.1M | -15.9M | -12M |
| Income tax | 12K | -18K | 9K | 16K | 13K | 12K | 18K | 32K | 10K | 5K | 6K | 88K |
| Net income | -12.4M | -9.2M | -9.1M | -6.1M | -6.3M | -5.9M | -8.2M | -11.8M | -9.8M | -9.2M | -15.9M | -12.1M |
| Net margin | -55.9% | -32.1% | -30.8% | -17.4% | -17.9% | -14.8% | -21.6% | -35% | -32.4% | -28.1% | -51.4% | -35.9% |
| EBITDA | -9.6M | -8.1M | -7.9M | -5.2M | -5.2M | -5.4M | -7.4M | -11M | -8.9M | -8.3M | -15M | -11M |
| EPS | -0.35 | — | -0.25 | -0.16 | -0.16 | -0.15 | -0.2 | -0.29 | -0.24 | -0.22 | -0.38 | -0.29 |
| Diluted EPS | -0.35 | — | -0.25 | -0.16 | -0.16 | -0.15 | -0.2 | -0.29 | -0.24 | -0.22 | -0.38 | -0.29 |
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 | — | — | — | — | — | — | 425.7M | 194.2M |
| Enterprise value | — | — | — | — | — | — | 208.6M | -4.4M |
| Shares outstanding | 18.8M | 19.1M | 13.6M | 27.7M | 34.5M | 38.9M | 40.9M | 40.9M |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | -4.92 |
| P/S | — | — | — | — | — | — | 3.17 | 1.52 |
| P/B | — | — | — | — | — | — | 1.54 | 0.74 |
| EV/EBITDA | — | — | — | — | — | — | -5.86 | 0.09 |
| EV/Sales | — | — | — | — | — | — | 1.55 | -0.03 |
| Earnings yield | — | — | — | — | — | — | — | -20.3% |
| FCF yield | — | — | — | — | — | — | -4.54% | -3.46% |
| PEG | — | — | — | — | — | — | — | -6.7 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Gross margin | -81.2% | 11.6% | 20% | 43.5% | 60.4% | 70.7% | 76.6% | 76.7% |
| Operating margin | -2.1K% | -241.2% | -233.6% | -129.2% | -56.2% | -26.3% | -35.8% | -40.8% |
| Net margin | 5.6K% | 187.9% | -215.5% | -136.2% | -54.6% | -19.6% | -29% | -36.8% |
| ROE | -41.4% | -9.27% | -35.2% | -74.3% | -30.3% | -9.76% | -14.1% | -17.3% |
| ROA | 114.3% | 27.4% | -25.3% | -44.5% | -26.6% | -8.62% | -12.5% | -10.4% |
| ROIC | 12.3% | 10.5% | -221.4% | -217.6% | -138.4% | -65.5% | -82.2% | -84.6% |
| Return on tangible assets | 114.3% | 27.4% | -25.3% | -44.5% | -26.6% | -8.62% | -12.5% | -13.3% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Current ratio | 10.7 | 7.03 | 15.9 | 7.81 | 8.06 | 11.4 | 10.9 | 4.07 |
| Quick ratio | 9.81 | 6.31 | 15.2 | 6.95 | 7.22 | 10.5 | 9.75 | 3.61 |
| Debt / equity | -0.02 | -0.1 | 0.33 | 0.5 | 0.02 | 0.04 | 0.04 | 0.04 |
| Debt / assets | 0.05 | 0.31 | 0.23 | 0.3 | 0.02 | 0.04 | 0.04 | 0.03 |
| Net debt / EBITDA | 1.86 | 1.24 | 2.35 | 1.05 | 3.16 | 9.47 | 6.1 | 4.58 |
| Interest coverage | 4.9K | 55.2 | -12.2 | -12.5 | -13.7 | -1.3K | -2K | -3.1K |
| Effective tax rate | 0.02% | 0.21% | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0.12 | 0.77 | 1.66 | 1.77 | 2.59 | 3.6 | 3.29 | 3.09 |
| EPS (basic) | 1.39 | 0.18 | -3.57 | -2.41 | -1.41 | -0.71 | -0.95 | -0.95 |
| EPS (diluted) | 1.39 | 0.18 | -3.57 | -2.41 | -1.41 | -0.71 | -0.95 | -1.14 |
| Book value per share | -16.2 | -15.6 | 10.1 | 3.25 | 4.65 | 7.24 | 6.75 | 6.33 |
| FCF per share | -2.38 | -1.98 | -3.42 | -2.21 | -1.35 | -0.58 | -0.47 | -0.65 |
| Cash per share | 4.29 | 3.62 | 11.7 | 3.82 | 3.69 | 6.1 | 5.58 | 5.02 |
| Capex per share | 0.19 | 0.13 | 0.14 | 0.09 | 0.14 | 0.14 | — | — |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Capex / revenue | 155.4% | 17.3% | 8.59% | 4.88% | 5.4% | 3.89% | — | — |
| Capex / operating cash flow | 2.69% | 8.05% | -4.83% | -3.75% | -12.3% | -41.7% | — | — |
| Payout ratio | — | — | — | — | — | — | — | 0% |
| — |
| — |
| $22.6M |
| — |
| FY20 | — | $0.18 | — | — | $14.7M | — |
| FY19 | — | $1.39 | — | — | $2.2M | — |
| Q1 24 |
|---|
| Q2 24 |
|---|
| Q3 24 |
|---|
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $22.2M | $28.6M | $29.5M | $34.9M | $35.3M | $40.2M | $37.9M | $33.6M | $30.3M | $32.6M | $30.9M | $33.7M |
| YoY change | +76% | +77.6% | +68.7% | +67.6% | +59.1% | +40.7% | +28.4% | -3.58% | -14.1% | -18.9% | -18.5% | +0.31% |
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 | 80.7M | 69M | 159.3M | 105.8M | 127.2M | 237.2M | 228.1M |
| Receivables | 789K | 2.9M | 4.9M | 11M | 20.3M | 30.1M | 23.4M |
| Inventory | 7.2M | 8.3M | 8M | 14.8M | 17.4M | 22M | 31.6M |
| Total current assets | 90.2M | 81.5M | 176.3M | 134.6M | 168.4M | 293.8M | 287.5M |
| Property, plant & equipment | 19.3M | 18.6M | 15.5M | 14.1M | 13.3M | 23.6M | 23M |
| Goodwill & intangibles | — | — | — | — | — | — | — |
| Total assets | 110.4M | 100.7M | 192.7M | 150.2M | 182.6M | 318.6M | 311.8M |
| Accounts payable | 2.2M | 1.1M | 1.7M | 2.6M | 3.9M | 4.5M | 5.3M |
| Short-term debt | 990K | 1.3M | 1.5M | 2M | 1.8M | 974K | 1.2M |
| Total current liabilities | 8.5M | 11.6M | 11.1M | 17.2M | 20.9M | 25.9M | 26.3M |
| Long-term debt | 4.5M | 29.5M | 43.4M | 43M | 1.2M | 11.3M | 9.9M |
| Total liabilities | 415M | 398.2M | 54.5M | 60.3M | 22.2M | 37.3M | 36.1M |
| Shareholders' equity | -304.6M | -297.5M | 138.2M | 89.9M | 160.4M | 281.2M | 275.7M |
| Total debt | 5.5M | 30.8M | 44.9M | 45M | 3M | 12.3M | 11M |
| Net debt | -2.4M | 16.8M | 20.6M | 33.2M | -6.7M | -4.4M | -8.9M |
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 | 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 | — | — | — | — | — | — | — | — | 227.5M | 228.1M | 217.9M | 208.8M |
| Receivables | — | — | — | — | — | — | — | — | 24.2M | 23.4M | 22.4M | 18.5M |
| Inventory | — | — | — | — | — | — | — | — | 28.9M | 31.6M | 34.9M | 37.1M |
| Total current assets | — | — | — | — | — | — | — | — | 283.9M | 287.5M | 279.2M | 327.4M |
| Property, plant & equipment | — | — | — | — | — | — | — | — | 23.4M | 23M | 23M | 23.5M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | — | — | — | — | — | — | — | — | 308.5M | 311.8M | 304M | 352.7M |
| Accounts payable | — | — | — | — | — | — | — | — | 3.4M | 5.3M | 7.1M | 6.3M |
| Short-term debt | 2M | — | — | — | — | 974K | 1.1M | — | 1.3M | 1.2M | 1.5M | 1.7M |
| Total current liabilities | — | — | — | — | — | — | — | — | 22.3M | 26.3M | 27.4M | 80.4M |
| Long-term debt | — | — | — | — | — | — | — | — | 10.3M | 9.9M | 9.3M | 8.9M |
| Total liabilities | — | — | — | — | — | — | — | — | 32.6M | 36.1M | 36.7M | 89.4M |
| Shareholders' equity | — | — | — | — | — | — | — | — | 276M | 275.7M | 267.3M | 263.3M |
| Total debt | 2M | — | — | — | — | 974K | 1.1M | — | 11.6M | 11M | 10.8M | 10.6M |
| Net debt | — | — | — | — | — | — | — | — | -18.1M | -8.9M | -6.7M | -2.8M |
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 | 126.2M | 27.6M | -48.7M | -66.8M | -48.6M | -27.5M | -38.9M |
| Depreciation & amortization | 3.9M | 4M | 4M | 4M | 4.2M | 3.6M | 3.3M |
| Stock-based compensation | 4.6M | 4.2M | 7.6M | 11.4M | 15.7M | 24.6M | 31.6M |
| Change in working capital | -5.1M | -4.3M | -3.6M | -13M | -10.8M | -13.8M | -4.2M |
| Operating cash flow | 129.6M | 31.5M | -40.2M | -63.8M | -39.2M | -13M | -15.5M |
| Capital expenditure | -3.5M | -2.5M | -1.9M | -2.4M | -4.8M | -5.4M | — |
| Investing cash flow | -5.9M | 15.6M | -81.9M | 40M | -22.1M | -99.3M | 20.7M |
| Dividends paid | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — |
| Financing cash flow | -261K | 24.2M | 136.6M | 6.3M | 61.5M | 123.3M | 1.9M |
| Net change in cash | 123.5M | 71.3M | 14.5M | -17.5M | 239K | 11M | 7.1M |
| Free cash flow | -44.7M | -37.7M | -46.6M | -61.2M | -46.4M | -22.4M | -19.3M |
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 | 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 | -12.4M | -9.2M | -9.1M | -6.1M | -6.3M | -5.9M | -8.2M | -11.8M | -9.8M | -9.2M | -15.9M | -12.1M |
| Depreciation & amortization | 1.1M | 1.1M | 1.1M | 820K | 1.1M | 523K | 785K | 776K | 854K | 851K | 834K | 999K |
| Stock-based compensation | 4.1M | 4.4M | 4.7M | 6.1M | 6.6M | 7.3M | 7.1M | 8.5M | 8.1M | 7.8M | 7.9M | 7.5M |
| Change in working capital | -2.8M | -3.8M | -1.5M | -5.4M | -2M | -5M | -299K | -3.5M | -134K | -233K | -857K | -10.3M |
| Operating cash flow | -10.1M | -7.5M | -4.7M | -4.5M | -680K | -3.1M | -564K | -4.4M | -1.2M | -1.1M | -10.9M | -9.5M |
| Capital expenditure | -653K | -1.6M | -2M | -1.5M | -1.1M | -847K | -575K | — | — | — | — | — |
| Investing cash flow | 17.3M | 4.6M | 24.3M | -115.6M | -9.3M | 1.3M | 20.9M | 16.2M | -8.4M | -8.5M | 9.6M | 6.6M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | -8.2M | 3.6M | 8M | 111.5M | 878K | 3M | -735K | 2.1M | -530K | 1.1M | -336K | 662K |
| Net change in cash | -1M | 617K | 27.5M | -8.7M | -9.1M | 1.2M | 19.6M | 13.9M | -10.1M | -8.5M | -1.6M | -2.3M |
| Free cash flow | -8.6M | -9.9M | -11.3M | -5.5M | -453K | -5.1M | -9.4M | -5.9M | -1.8M | -2.3M | -11.7M | -11.5M |