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 | -$0.49 | -$0.63 | -28.6% | — | $33.7M | — |
| Q1 26 | -$0.53 | -$0.61 | -15.1% | — | $22.7M | — |
| Q4 25 | -$0.48 | -$0.42 | +12.5% | — | $28.1M | — |
| Q3 25 | -$0.49 | -$0.52 | -6.1% | — | $32.5M | — |
| Q2 25 | -$0.51 | -$0.46 | +9.8% | — | $15.7M | — |
| Q1 25 | -$0.36 | -$0.35 | +2.8% | — | $8M | — |
| Q4 24 | -$0.12 | $0.51 | +525.0% | — | $86.6M | — |
| Q3 24 | -$0.14 | -$0.2 | -42.9% | — | $2.1M | — |
| Q2 24 | -$0.11 | -$0.13 | -18.2% | — | $500K | — |
| Q1 24 | -$0.11 | -$0.11 | 0.0% | — | $0 | — |
| Q4 23 | -$0.12 | -$0.07 | +41.7% | — | $0 | — |
| Q3 23 | -$0.18 | -$0.16 | +11.1% | — | $0 | — |
| Q2 23 | -$0.17 | -$0.18 | -5.9% | — | $10K | — |
| Q1 23 | -$0.15 | -$0.16 | -6.7% | — | $20K | — |
| Q4 22 | -$0.13 | $0.77 | +692.3% | — | $0 | — |
| Q3 22 | -$0.35 | -$0.5 | -42.9% | — | $189K | — |
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 | — | -$1.74 | — | — | $84.3M | — |
| FY24 | — | $0.08 | — | — | $89.1M | — |
| FY23 | — | -$0.57 | — | — | $30K | — |
| FY22 | — | -$0.87 | — | — | $1.3M | — |
| FY21 | — | -$0.22 | — |
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 | $17.8M | $5.5M | $1.3M | $30K | $89.1M | $84.3M |
| YoY change | — | -69.1% | -76.1% | -97.7% | +297.1K% | -5.46% |
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 | 17.8M | 5.5M | 1.3M | 30K | 89.1M | 84.3M |
| Cost of revenue | — | — | — | — | 977K | 20.4M |
| Gross profit | — | — | — | — | 88.2M | 63.9M |
| Gross margin | — | — | — | — | 98.9% | 75.8% |
| Research & development | 14.1M | 20.3M | 18.4M | 20.3M | 19.6M | 13.2M |
| Selling, general & administrative | 4.2M | 4.7M | 18.5M | 47.3M | 71.7M | 230.1M |
| Operating expenses | 18.3M | 25M | 36.8M | 67.5M | 91.3M | 243.3M |
| Operating income | -469K | -19.5M | -35.5M | -67.5M | -3.1M | -179.4M |
| Operating margin | -2.63% | -353.3% | -2.7K% | -225.1K% | -3.46% | -212.9% |
| Non-operating income, net | -596K | -789K | 834K | 13.2M | 11.4M | — |
| Pretax income | -1.1M | -20.2M | -34.7M | -54.4M | 8.3M | -171.4M |
| Income tax | — | — | — | — | 288K | -80K |
| Net income | -1.1M | -20.2M | -34.7M | -54.4M | 8M | -171.3M |
| Net margin | -5.97% | -367.7% | -2.6K% | -181.2K% | 8.97% | -203.3% |
| EBITDA | -463K | -19.2M | -35.1M | -67.5M | -3.1M | -168.8M |
| EPS | -0.01 | -0.22 | -0.87 | -0.57 | 0.08 | -1.74 |
| Diluted EPS | -0.01 | -0.22 | -0.87 | -0.57 | 0.08 | -1.74 |
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 | 0 | 0 | 0 | 500K | 2.1M | 86.6M | 8M | 15.7M | 32.5M | 28.1M | 22.7M | 33.7M |
| Cost of revenue | 0 | — | — | — | 112K | 865K | 1.1M | 5M | 8.2M | 6.2M | 6.3M | 12.8M |
| Gross profit | 0 | — | — | — | 2M | 85.7M | 6.9M | 10.7M | 24.3M | 21.9M | 16.4M | 20.8M |
| Gross margin | — | — | — | — | 94.6% | 99% | 86.3% | 68.3% | 74.8% | 78.1% | 72.3% | 61.8% |
| Research & development | 3M | 3.4M | 5.2M | 6.9M | 4.4M | 3M | 3M | 4M | 2.8M | 3.4M | 4.3M | 4.7M |
| Selling, general & administrative | 15M | 6.8M | 8M | 8.9M | 19.3M | 35.5M | 41.1M | 54.3M | 74.8M | 60M | 72.2M | 77.6M |
| Operating expenses | 18M | 10.2M | 13.2M | 15.8M | 23.7M | 38.5M | 44.1M | 58.3M | 77.5M | 63.4M | 76.5M | 82.3M |
| Operating income | -18M | -10.2M | -13.2M | -15.3M | -21.7M | 47.2M | -37.2M | -47.6M | -53.2M | -41.5M | -60.1M | -61.5M |
| Operating margin | — | — | — | -3.1K% | -1.1K% | 54.5% | -466.3% | -302.9% | -163.7% | -147.6% | -265.2% | -182.6% |
| Non-operating income, net | 3.1M | 3.1M | 2.9M | 2.8M | 2.6M | 3M | 3.2M | 2.7M | 2M | — | — | 1.6M |
| Pretax income | -14.9M | -7.2M | -10.3M | -12.5M | -19.1M | 50.2M | -33.9M | -44.9M | -51.2M | -41.4M | -60.6M | -62.3M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — |
| Net income | -14.9M | -7.2M | -10.3M | -12.5M | -19.1M | 49.9M | -33.9M | -44.9M | -51.2M | -41.3M | -60.6M | -62.3M |
| Net margin | — | — | — | -2.5K% | -925% | 57.7% | -425.7% | -285.6% | -157.4% | -147.1% | -267.3% | -185.2% |
| EBITDA | -18M | -10.2M | -13.2M | -15.3M | -21.7M | 47.2M | -37.2M | -47.6M | -53.2M | -30.8M | -58.2M | -59.9M |
| EPS | -0.16 | — | -0.11 | -0.13 | -0.2 | — | -0.35 | -0.46 | -0.52 | — | -0.61 | -0.63 |
| Diluted EPS | -0.16 | — | -0.11 | -0.13 | -0.2 | — | -0.35 | -0.46 | -0.52 | — | -0.61 | -0.63 |
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 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Market cap | — | — | 4.3B | 624.5M | — | — | 1B | 1.1B | 410.7M |
| Enterprise value | — | — | 4.3B | 573.5M | — | — | 708.7M | 999.7M | 433.5M |
| Shares outstanding | — | — | 93.8M | 93.8M | 40M | 95.2M | 96.9M | 98.6M | 98.6M |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | 127.9 | — | 168.3 |
| P/S | — | — | 243.6 | 113.4 | — | — | 11.5 | 13.6 | 3.47 |
| P/B | — | — | -309.2 | -20 | — | — | 3.98 | 10.1 | 32.4 |
| EV/EBITDA | — | — | -9.4K | -29.8 | — | — | -229.9 | -5.92 | -2.02 |
| EV/Sales | — | — | 242.8 | 104.2 | — | — | 7.95 | 11.9 | 3.71 |
| Earnings yield | — | — | — | — | — | — | 0.78% | — | 0.59% |
| FCF yield | — | — | 0.21% | -2.82% | — | — | 1.27% | -14.9% | -28.7% |
| PEG | — | — | — | — | — | — | — | — | 4.55 |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Gross margin | — | — | — | — | — | — | 98.9% | 75.8% | 61.8% |
| Operating margin | — | — | -2.63% | -353.3% | -2.7K% | -225.1K% | -3.46% | -212.9% | -182.6% |
| Net margin | — | — | -5.97% | -367.7% | -2.6K% | -181.2K% | 8.97% | -203.3% | -184.2% |
| ROE | — | — | 7.58% | 64.7% | -12.7% | -23.6% | 3.11% | -149.9% | -210.3% |
| ROA | — | — | -4.03% | -32.9% | -12.3% | -23.3% | 2.28% | -52.3% | -48% |
| ROIC | — | — | — | — | — | — | 5.2% | 522.3% | 522.3% |
| Return on tangible assets | — | — | -4.03% | -32.9% | -12.3% | -23.4% | 2.38% | -57.3% | -97.2% |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Current ratio | — | — | 3.21 | 7.42 | 51 | 96.9 | 14.3 | 7.28 | 3.48 |
| Quick ratio | — | — | 3.21 | 7.42 | 51 | 96.9 | 14 | 7.06 | 3.28 |
| Debt / equity | — | — | -0.71 | -0.29 | 0 | 0 | 0 | 0.84 | 13.7 |
| Debt / assets | — | — | 0.38 | 0.15 | 0 | 0 | 0 | 0.29 | 0.39 |
| Net debt / EBITDA | — | — | 31.3 | 2.65 | 7.81 | 3.38 | 101.8 | 0.88 | 0.23 |
| Interest coverage | — | — | — | — | — | — | — | -64.9 | -64.9 |
| Effective tax rate | — | — | — | — | — | — | 3.48% | 0% | 0% |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | — | — | 0.19 | 0.06 | 0.03 | 0 | 0.92 | 0.86 | 1.18 |
| EPS (basic) | — | — | -0.01 | -0.22 | -0.87 | -0.57 | 0.08 | -1.74 | -1.74 |
| EPS (diluted) | — | — | -0.01 | -0.22 | -0.87 | -0.57 | 0.08 | -1.74 | -2.18 |
| Book value per share | — | — | -0.15 | -0.33 | 6.83 | 2.42 | 2.65 | 1.16 | 0.13 |
| FCF per share | — | — | 0.1 | -0.19 | -1.01 | -0.62 | 0.13 | -1.74 | -1.98 |
| Cash per share | — | — | 0.26 | 0.64 | 6.87 | 2.4 | 3.24 | 2.49 | 1.45 |
| Capex per share | — | — | 0 | 0 | 0 | 0 | 0.01 | — | — |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Capex / revenue | — | — | 0% | 1% | 15.1% | 583.3% | 0.63% | — | — |
| Capex / operating cash flow | — | — | 0% | -0.28% | -0.69% | -0.32% | 17% | — | — |
| Payout ratio | — | — | — | — | — | — | — | — | 0% |
| — |
| $5.5M |
| — |
| FY20 | — | -$0.01 | — | — | $17.8M | — |
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $0 | $0 | $0 | $500K | $2.1M | $86.6M | $8M | $15.7M | $32.5M | $28.1M | $22.7M | $33.7M |
| YoY change | -100% | 0% | -100% | +4.9K% | +InfinityT% | +InfinityT% | +InfinityT% | +3K% | +1.5K% | -67.6% | +184.5% | +114.2% |
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 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 131.2M | 125.7M | 24.5M | 60.1M | 274.4M | 228.4M | 314M | 245M |
| Receivables | — | — | 380K | 0 | — | — | 8.2M | 25.3M |
| Inventory | — | — | — | — | — | — | 5.2M | 8.4M |
| Total current assets | 133.3M | 128.6M | 26.4M | 60.7M | 277.7M | 231.7M | 334.3M | 284.9M |
| Property, plant & equipment | 335K | 669K | 23K | 693K | 774K | 824K | 1.1M | — |
| Goodwill & intangibles | — | — | — | — | 0 | 1.2M | 15.4M | 28.9M |
| Total assets | 137.2M | 130.2M | 26.4M | 61.4M | 281.4M | 233.2M | 351.2M | 327.7M |
| Accounts payable | 5.9M | 5.6M | 1.2M | 1.8M | 1.7M | 759K | 9.9M | 5.7M |
| Short-term debt | — | 495K | 2.6M | 3.6M | 230K | 237K | 42K | — |
| Total current liabilities | 5.9M | 6.1M | 8.2M | 8.2M | 5.4M | 2.4M | 23.4M | 39.1M |
| Long-term debt | — | — | 7.5M | 5.4M | 251K | 37K | 0 | 96.4M |
| Total liabilities | 5.9M | 6.1M | 40.5M | 92.7M | 8.5M | 2.4M | 94.4M | 213.4M |
| Shareholders' equity | -421.6M | -480.5M | -14.1M | -31.3M | 272.9M | 230.8M | 256.8M | 114.3M |
| Total debt | — | 495K | 10M | 9M | 481K | 274K | 42K | 96.4M |
| Net debt | — | -125.2M | -14.5M | -51M | -210M | -70.7M | -50.8M | 55.1M |
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 | 241.9M | 228.4M | 223.6M | 218.7M | 204.6M | 314M | 275.7M | 240.1M | 288.2M | 245M | 201M | 143.8M |
| Receivables | — | — | — | — | 773K | 8.2M | 9.3M | 25.1M | 36.5M | 25.3M | 28.7M | 46.8M |
| Inventory | — | — | — | — | 715K | 5.2M | 7.3M | 8.7M | 7.8M | 8.4M | 8.8M | 11.7M |
| Total current assets | 244.5M | 231.7M | 226.2M | 220.7M | 208.8M | 334.3M | 303.9M | 281.4M | 338.9M | 284.9M | 245.2M | 211.5M |
| Property, plant & equipment | 917K | 824K | 814K | 782K | 935K | 1.1M | 1.1M | 2.6M | 2.6M | — | — | — |
| Goodwill & intangibles | 1.4M | 1.2M | 1.1M | 892K | 15.8M | 15.4M | 15M | 26.3M | 29.7M | 28.9M | 28.4M | 27.8M |
| Total assets | 248.6M | 233.2M | 227.6M | 222M | 217.6M | 351.2M | 327.3M | 313.5M | 372.8M | 327.7M | 287.6M | 249.5M |
| Accounts payable | 3M | 759K | 839K | 3.3M | 8.3M | 9.9M | 4.1M | 15.6M | 8.4M | 5.7M | 4.7M | 5.2M |
| Short-term debt | 235K | 237K | 217K | 160K | 102K | 42K | 73K | 589K | 583K | — | — | — |
| Total current liabilities | 11.2M | 2.4M | 3.7M | 6.7M | 16.6M | 23.4M | 27.6M | 45.6M | 50.9M | 39.1M | 49.6M | 60.9M |
| Long-term debt | 92K | 37K | 0 | 0 | 0 | 0 | — | 1.1M | 97.2M | 96.4M | 96.5M | 96.7M |
| Total liabilities | 11.3M | 2.4M | 3.7M | 6.7M | 16.6M | 94.4M | 98.3M | 121.2M | 225.1M | 213.4M | 226.3M | 237M |
| Shareholders' equity | 237.3M | 230.8M | 223.9M | 215.2M | 201M | 256.8M | 229M | 192.3M | 147.7M | 114.3M | 61.3M | 12.5M |
| Total debt | 327K | 274K | 217K | 160K | 102K | 42K | 73K | 1.7M | 97.8M | 96.4M | 96.5M | 96.7M |
| Net debt | -60.2M | -70.7M | -55.8M | -36.5M | -39.6M | -50.8M | -39.8M | -49.9M | 38.2M | 55.1M | 72.2M | 88.5M |
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 | -1.1M | -20.2M | -34.7M | -54.4M | 8M | -171.3M |
| Depreciation & amortization | 6K | 213K | 319K | -6.8M | -7.2M | -4.2M |
| Stock-based compensation | 3.5M | 2.8M | 5.8M | 9.2M | 14.5M | 22.1M |
| Change in working capital | 7M | -2.5M | -1.3M | -3.1M | -12.1M | -39.5M |
| Operating cash flow | 9.6M | -19.5M | -28.7M | -55.1M | 3.3M | -170.9M |
| Capital expenditure | 0 | -55K | -199K | -175K | -563K | — |
| Investing cash flow | 0 | -55K | -199K | -87.2M | -106.1M | 57.1M |
| Dividends paid | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — |
| Financing cash flow | 5M | 53M | 190.2M | 0 | 69.4M | 98.9M |
| Net change in cash | 14.6M | 33.4M | 161.2M | -142.2M | -33.4M | -14.8M |
| Free cash flow | 9.1M | -17.6M | -40.3M | -59.4M | 13M | -171.2M |
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 | -14.9M | -7.2M | -10.3M | -12.5M | -19.1M | 49.9M | -33.9M | -44.9M | -51.2M | -41.3M | -60.6M | -62.3M |
| Depreciation & amortization | -1.5M | -6.9M | -2M | -1.9M | -1.8M | -1.5M | -1.7M | -1.2M | -701K | -586K | -593K | -234K |
| Stock-based compensation | 2.6M | 2.3M | 3.3M | 3.4M | 3.6M | 4.3M | 5.3M | 5.4M | 5.7M | 5.7M | 7.4M | 12.4M |
| Change in working capital | -3K | 27K | 25K | 25K | -990K | -11.1M | -9.8M | -18M | -13M | 1.3M | -1.2M | -20.6M |
| Operating cash flow | -13.8M | -11.7M | -8.9M | -11M | -18.3M | 41.6M | -40.1M | -39.6M | -47M | -43.5M | -44.9M | -60.9M |
| Capital expenditure | -43K | 91K | -83K | -38K | -140K | -302K | -91K | — | — | — | — | — |
| Investing cash flow | -46.6M | 26M | -8.5M | -12.6M | 19.3M | -101.8M | 29.1M | 48.6M | -38.9M | 24.1M | 27.8M | 41.6M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 0 | 0 | — | — | — | — | — | — | — | -1.4M | 97K | 2.4M |
| Net change in cash | -60.4M | 14.3M | -17.4M | -23.7M | 986K | -60.2M | -11.1M | 9M | -86M | -20.8M | -17.1M | -16.9M |
| Free cash flow | -12.8M | -17.3M | -6.8M | -7.3M | -14.6M | 41.7M | -40.8M | -39.6M | -47.2M | -43.5M | -44.9M | -60.9M |