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 % |
|---|---|---|---|---|---|---|
| Q1 26 | -$0.05 | -$0.04 | +20.0% | — | $6.1M | — |
| Q4 25 | -$0.05 | $0.31 | +720.0% | — | $6.2M | — |
| Q4 22 | — | -$0.66 | — | — | — | — |
| Q3 22 | — | -$0.42 | — | — | — | — |
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 | — | -$0.04 | — | — | $17.7M | — |
| FY24 | — | -$1.28 | — | — | $12.9M | — |
| FY23 | — | -$0.68 | — | — | $10.1M | — |
| FY22 | — | -$0.44 | — | — | $6M | — |
| FY21 | — | -$1.4 | — | — | $4.2M | — |
| FY20 | — | -$0.31 | — | — | $0 | — |
| FY19 | — | -$0.3 | — | — | $0 | — |
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 | $0 | $0 | $4.2M | $6M | $10.1M | $12.9M | $17.7M |
| YoY change | — | 0% | +InfinityT% | +41.6% | +67.6% | +27.8% | +37.6% |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | Q1 24 | Q2 24 | Q4 24 |
|---|
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 | 0 | 0 | 4.2M | 6M | 10.1M | 12.9M | 17.7M |
| Cost of revenue | 0 | 0 | 1.9M | 3.3M | 5.1M | 5M | 4.9M |
| Gross profit | 0 | 0 | 2.4M | 2.7M | 5M | 7.8M | 12.8M |
| Gross margin | — | — | 55.8% | 45.4% | 49.8% | 61% | 72.5% |
| Research & development | 6.4M | 5.9M | 9.6M | 13.1M | 22.2M | 14.4M | 10.4M |
| Selling, general & administrative | 8.2M | 11.8M | 46.6M | 55.9M | 33.8M | 30.5M | 25.8M |
| Operating expenses | 16.5M | 19.4M | 58.5M | 77.5M | 65.5M | 59.3M | 38.6M |
| Operating income | -20.7M | -22.4M | -68.6M | -90.9M | -69.4M | -49.8M | -31M |
| Operating margin | — | — | -1.6K% | -1.5K% | -688.9% | -386.7% | -175.2% |
| Non-operating income, net | 4.1M | 991K | -19.1M | 59.4M | 15.7M | -62.2M | 25.3M |
| Pretax income | -20.7M | -21.4M | -96.5M | -32.1M | -51.9M | -113.4M | -4.1M |
| Income tax | 83K | 148K | -232K | 4.6M | 9.1M | 2.9M | 673K |
| Net income | -20.8M | -21.5M | -96.3M | -36.6M | -61M | -116.3M | -4.8M |
| Net margin | — | — | -2.3K% | -609.5% | -605.7% | -903.4% | -27% |
| EBITDA | -16.1M | -18.7M | -56.9M | -74.4M | -41.1M | -40.6M | -22.2M |
| EPS | -0.3 | -0.31 | -1.4 | -0.44 | -0.68 | -1.28 | -0.04 |
| Diluted EPS | -0.3 | -0.31 | -1.4 | -0.66 | -0.68 | -1.28 | -0.18 |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | Q1 24 | Q2 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 3.3M | 3.5M | 3.2M | 3.4M | 4.4M | 3.6M | 6.2M | 6.1M | 15.9M |
| Cost of revenue | 1.3M | 1.2M | 1.2M | 1.2M | 1.2M | 1.2M | 1.3M | 1.5M | 2.8M |
| Gross profit | 2M | 2.3M | 2M | 2.1M | 3.3M | 2.5M | 5M | 4.7M | 13.1M |
| Gross margin | 60.8% | 64.3% | 61.5% | 63.5% | 73.2% | 67.8% | 79.5% | 76.2% | 82.3% |
| Research & development | 4.4M | 138K | — | 2.5M | 2.3M | 2.6M | 2.9M | 3.1M | 3.1M |
| Selling, general & administrative | 9.4M | 13.2M | -4.5M | 6.5M | 5.4M | 6.4M | 7.5M | 6.6M | 8.6M |
| Operating expenses | 13.8M | 14M | 7.9M | 9M | 8.2M | 9.6M | 11.3M | 9.7M | 11.7M |
| Operating income | -14.6M | -14.7M | -9M | -9.5M | -6.3M | -8.1M | -7.1M | -6.4M | 266K |
| Operating margin | -438.6% | -419.2% | -278.9% | -280.9% | -141.6% | -222.5% | -114.2% | -104.2% | 1.67% |
| Non-operating income, net | 649K | -3.4M | -58.9M | -22.5M | -692K | 11.9M | 36.7M | -112.9M | -19.4M |
| Pretax income | -13.7M | -17.7M | -70.1M | -31.9M | -6.7M | 4.1M | 30.4M | -118.3M | -18.1M |
| Income tax | 1.4M | 355K | 789K | 715K | -40K | 119K | -121K | 40K | 1.9M |
| Net income | -15.2M | -18.1M | -70.9M | -32.6M | -6.7M | 4M | 30.5M | -118.3M | -20M |
| Net margin | -456.1% | -517% | -2.2K% | -961.9% | -149.8% | 109.2% | 488% | -1.9K% | -125.9% |
| EBITDA | -11M | -10.4M | -11.9M | 15.5M | -4.5M | -6.3M | -4.6M | -3.9M | 2.7M |
| EPS | -0.17 | -0.2 | — | -0.34 | -0.06 | 0.04 | — | -0.84 | -0.13 |
| Diluted EPS | -0.17 | -0.2 | — | -0.34 | -0.06 | -0.02 | — | -0.84 | -0.13 |
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 | — | — | 667.6M | — | 156.7M | 259.8M | — | 930.1M |
| Enterprise value | — | — | 770.6M | — | 137.2M | 317.3M | — | 932.3M |
| Shares outstanding | 68.8M | 68.8M | 68.8M | 83.2M | 89.5M | 91.2M | 109.1M | 109.1M |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | -151.4 |
| P/S | — | — | 157.2 | — | 15.6 | 20.2 | — | 29.7 |
| P/B | — | — | -2.79 | — | 3.03 | -4.9 | — | 13.8 |
| EV/EBITDA | — | — | -13.5 | — | -3.34 | -7.81 | — | -59.9 |
| EV/Sales | — | — | 181.4 | — | 13.6 | 24.7 | — | 29.2 |
| Earnings yield | — | — | — | — | — | — | — | -0.66% |
| FCF yield | — | — | -5.94% | — | -41.1% | -15.8% | — | -2.03% |
| PEG | — | — | — | — | — | — | — | -1.3 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Gross margin | — | — | 55.8% | 45.4% | 49.8% | 61% | 72.5% | 82.3% |
| Operating margin | — | — | -1.6K% | -1.5K% | -688.9% | -386.7% | -175.2% | 1.67% |
| Net margin | — | — | -2.3K% | -609.5% | -605.7% | -903.4% | -27% | 72.5% |
| ROE | 381.1% | 18.4% | 40.2% | -34.5% | -118.1% | 219.2% | -7.9% | -7.9% |
| ROA | -43.3% | -39.4% | -192.9% | -25.5% | -79.9% | -188.5% | -3.16% | -9.86% |
| ROIC | -108.1% | -87.1% | 50.3% | -239.7% | -216% | -1.1K% | -105.2% | -121.4% |
| Return on tangible assets | -43.3% | -39.4% | -192.9% | -25.5% | -79.9% | -188.5% | -3.16% | -52.9% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Current ratio | 1.05 | 0.14 | 0.04 | 2.7 | 1.24 | 0.8 | 5.12 | 2.34 |
| Quick ratio | 1.05 | 0.14 | 0.04 | 2.7 | 1.24 | 0.8 | 5.02 | 2.31 |
| Debt / equity | -9.02 | -1.37 | -0.47 | 0.08 | 0.08 | -1.51 | 1.05 | 2.85 |
| Debt / assets | 1.03 | 2.93 | 2.23 | 0.06 | 0.05 | 1.3 | 0.42 | 0.49 |
| Net debt / EBITDA | -1.53 | -7.65 | -1.81 | 0.92 | 0.48 | -1.41 | 1.4 | 1.36 |
| Interest coverage | -3.63 | -496.2 | -10.1 | -19.1 | -1K | -1.6K | -315.2 | -7.8K |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 0.06 | 0.07 | 0.11 | 0.14 | 0.16 | 0.24 |
| EPS (basic) | -0.3 | -0.31 | -1.4 | -0.44 | -0.68 | -1.28 | -0.04 | -0.04 |
| EPS (diluted) | -0.3 | -0.31 | -1.4 | -0.66 | -0.68 | -1.28 | -0.18 | -0.74 |
| Book value per share | -0.08 | -1.7 | -3.48 | 1.28 | 0.58 | -0.58 | 0.55 | 0.45 |
| FCF per share | -0.33 | -0.39 | -0.58 | -1.15 | -0.72 | -0.45 | -0.31 | -0.28 |
| Cash per share | 0.36 | 0.25 | 0.12 | 0.92 | 0.26 | 0.25 | 0.87 | 0.73 |
| Capex per share | 0.12 | 0.23 | 0.16 | 0.33 | 0.17 | 0.06 | — | — |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Capex / revenue | — | — | 264.5% | 453.3% | 147.8% | 39.1% | — | — |
| Capex / operating cash flow | -81.2% | -155.7% | -16.3% | -700.2% | -44.6% | -4.97% | — | — |
| Payout ratio | — | — | — | — | — | — | — | 0% |
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $3.3M | $3.5M | $3.2M | $3.4M | $4.4M | $3.6M | $6.2M | $6.1M | $15.9M |
| YoY change | — | — | — | +1.77% | +26.8% | — | +93.8% | +80.3% | +258.5% |
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 | 24.6M | 17.3M | 8.5M | 76.5M | 23.5M | 22.5M | 94.4M |
| Receivables | 11.4K | 4K | 1.2M | 1.4M | 901K | 1.5M | 8.5M |
| Inventory | 7.5K | 21.4K | — | — | — | — | 2.1M |
| Total current assets | 25.1M | 18M | 12.4M | 81.2M | 26.6M | 27.9M | 115.2M |
| Property, plant & equipment | 21.8M | 38.5M | 35.5M | 56.2M | 44.3M | 28.1M | 31.7M |
| Goodwill & intangibles | — | — | — | — | — | — | — |
| Total assets | 47.9M | 54.6M | 49.9M | 143.9M | 76.4M | 61.7M | 151.3M |
| Accounts payable | 1.5M | 2.9M | 6.7M | 9.8M | 7.9M | 3.8M | 2.4M |
| Short-term debt | 20.6M | 125.4M | 109.5M | 2.2M | 2.1M | 363K | 1.2M |
| Total current liabilities | 23.9M | 131.3M | 283.7M | 30.1M | 21.4M | 34.6M | 22.5M |
| Long-term debt | 28.5M | 34.8M | 2.1M | 6.1M | 1.8M | 79.6M | 62.2M |
| Total liabilities | 53.4M | 171.9M | 289.4M | 37.7M | 24.7M | 114.7M | 90.8M |
| Shareholders' equity | -5.4M | -117.3M | -239.4M | 106.2M | 51.7M | -53M | 60.5M |
| Total debt | 49.1M | 160.3M | 111.5M | 8.2M | 3.9M | 79.9M | 63.4M |
| Net debt | 24.6M | 143M | 103M | -68.3M | -19.5M | 57.5M | -31M |
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 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 25.6M | 22.5M | 17.7M | 32.6M | 28.3M | 94.4M | 121.9M | 112.8M |
| Receivables | 1.7M | 1.5M | 1.8M | 1M | 2.6M | 8.5M | 10M | 9.5M |
| Inventory | — | — | — | — | — | 2.1M | 2.4M | 1.8M |
| Total current assets | 31.6M | 27.9M | 24.1M | 37.3M | 35.5M | 115.2M | 144.5M | 139.6M |
| Property, plant & equipment | 39.3M | 28.1M | 32.3M | 31.2M | 30.9M | 31.7M | 35.7M | 40.1M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — |
| Total assets | 76.6M | 61.7M | 61.4M | 73.8M | 70.9M | 151.3M | 188.1M | 196.2M |
| Accounts payable | 9.5M | 3.8M | 3.7M | 2.9M | 2.4M | 2.4M | 3.7M | 4.4M |
| Short-term debt | 1.5M | 363K | 989K | 1M | 927K | 1.2M | 1.3M | 1.3M |
| Total current liabilities | 18.4M | 34.6M | 41.6M | 38.1M | 32.9M | 22.5M | 59.1M | 59.8M |
| Long-term debt | 37.7M | 79.6M | 102.4M | 103.3M | 94.4M | 62.2M | 148.4M | 95.2M |
| Total liabilities | 57.5M | 114.7M | 144.5M | 142M | 127.8M | 90.8M | 213.6M | 162.4M |
| Shareholders' equity | 19.1M | -53M | -83.1M | -68.1M | -56.9M | 60.5M | -25.5M | 33.9M |
| Total debt | 39.2M | 79.9M | 103.4M | 104.3M | 95.3M | 63.4M | 149.7M | 96.5M |
| Net debt | 13.6M | 57.5M | 85.7M | 71.7M | 67M | -31M | 27.8M | -16.3M |
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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Net income | -20.8M | -21.5M | -96.3M | -36.6M | -61M | -116.3M | -4.8M |
| Depreciation & amortization | 4.2M | 3M | 10.7M | 14.3M | 17.3M | 12.7M | 7.7M |
| Stock-based compensation | 959K | 1.7M | 10.9M | 8.4M | 6.3M | 2.3M | 4.3M |
| Change in working capital | 763.7K | 6.3M | -3.2M | -6.1M | -487K | -3M | -965K |
| Operating cash flow | -10.2M | -10.1M | -68.7M | -3.9M | -33.3M | -101.4M | -26.9M |
| Capital expenditure | -8.3M | -15.8M | -11.2M | -27.3M | -14.9M | -5M | — |
| Investing cash flow | -8.3M | -15.8M | -11.2M | -30.9M | -14.4M | -5M | — |
| Dividends paid | — | — | — | — | — | — | — |
| Share repurchases | — | 0 | 0 | -8.6M | 0 | — | — |
| Financing cash flow | 27M | 17.1M | 27.9M | 158.9M | -458K | 36.5M | 110.8M |
| Net change in cash | 8.5M | -8.8M | -52M | 124.2M | -48.2M | -69.9M | 83.9M |
| Free cash flow | -22.4M | -27M | -39.7M | -95.7M | -64.5M | -40.9M | -34.3M |
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 | Q1 24 | Q2 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|
| Net income | -15.2M | -18.1M | -70.9M | -32.6M | -6.7M | 4M | 30.5M | -118.3M | -20M |
| Depreciation & amortization | 2.8M | 3.1M | 3.1M | 2.7M | 1.8M | 1.5M | 1.7M | 1.4M | 1.1M |
| Stock-based compensation | 1.4M | -188K | 570K | 595K | 576K | 1.7M | 1.4M | 735K | 1.4M |
| Change in working capital | 252K | 337K | 2.8M | 817K | 379K | -1.3M | -91K | 5.1M | -1.8M |
| Operating cash flow | -10.5M | -12.3M | -64.4M | -28.1M | -4.3M | -8.4M | -9.5M | 158K | -8.6M |
| Capital expenditure | -1.9M | -1.4M | -703K | -1.9M | — | — | — | — | — |
| Investing cash flow | -1.9M | -1.4M | -711K | -1.9M | — | — | — | — | — |
| Dividends paid | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — |
| Financing cash flow | -184K | -2.5M | 9.3M | 768K | 19.4M | 5.1M | 85.5M | 32.5M | -394K |
| Net change in cash | -12.7M | -16.2M | -55.8M | -29.3M | 15M | -3.3M | 76.1M | 32.7M | -9M |
| Free cash flow | -12.1M | -15.2M | -4.3M | -6.6M | -5.1M | -9.7M | -12.8M | -5.4M | -14.3M |