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 | — | -$4.9 | — | — | $75.7M | — |
| FY24 | — | -$6.51 | — | — | $88.9M | — |
| FY23 | — | -$14.7 | — | — | $101.2M | — |
| FY22 | — | -$2.73 | — | — | $96.1M | — |
| FY21 | — | $4.71 | — | — | $221.8M | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $221.8M | $96.1M | $101.2M | $88.9M | $75.7M |
| YoY change | — | -56.7% | +5.27% | -12.2% | -14.9% |
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 | Q4 24 | Q1 25 | Q2 25 | Q3 25 |
|---|
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 221.8M | 96.1M | 101.2M | 88.9M | 75.7M |
| Cost of revenue | 217.1M | 113.3M | 130.1M | 114.4M | 89.7M |
| Gross profit | 4.7M | -17.2M | -28.9M | -25.6M | -14.1M |
| Gross margin | 2.14% | -17.9% | -28.6% | -28.8% | -18.6% |
| Research & development | — | — | — | — | — |
| Selling, general & administrative | 46.3M | 10.9M | 16.5M | 3.6M | 3.3M |
| Operating expenses | 17.4M | 40.3M | -1.5M | -17.8M | 2.7M |
| Operating income | -19.2M | -62.5M | -32M | -12.1M | -22M |
| Operating margin | -8.64% | -65% | -31.6% | -13.6% | -29.1% |
| Non-operating income, net | 126.2M | 55.8M | -143.4M | -62.9M | -34.9M |
| Pretax income | 85.2M | -36.3M | -196.3M | -88.4M | -70.7M |
| Income tax | 22.5M | 0 | 0 | 2K | 27K |
| Net income | 62.7M | -36.3M | -196.3M | -88.4M | -70.8M |
| Net margin | 28.3% | -37.8% | -194% | -99.4% | -93.5% |
| EBITDA | 99.8M | -69K | 4.7M | -5.4M | 9.7M |
| EPS | 4.71 | -2.73 | -14.7 | -6.51 | -4.9 |
| Diluted EPS | 4.71 | -2.73 | -14.7 | -6.51 | -4.9 |
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 | 36.6M | 49.8M | 20.5M | 23.8M | 17.6M | 27M | 9M | 34.6M | 13.4M | 18.7M | 15.1M | 10.5M |
| Cost of revenue | 31.8M | 34.3M | 24.1M | 31.2M | 21M | 38.1M | 16.5M | 30.9M | 17.8M | 24.6M | 20.8M | 14.1M |
| Gross profit | 4.8M | 15.5M | -3.6M | -7.4M | -3.4M | -11.1M | -7.5M | 3.7M | -4.3M | -5.9M | -5.8M | -3.6M |
| Gross margin | 13.2% | 31% | -17.7% | -31% | -19.6% | -41.2% | -82.8% | 10.7% | -32.3% | -31.3% | -38.5% | -34.4% |
| Research & development | — | — | — | — | — | — | — | — | — | — | — | — |
| Selling, general & administrative | 7.3M | 7.2M | 7.4M | 4.6M | 4.6M | -12.9M | 4.7M | 3.3M | 3.3M | -8M | 3.3M | 2.6M |
| Operating expenses | 680K | 20.2M | 2.9M | -1.7M | -1.8M | -17.2M | 93K | -3.1M | 3.3M | -8.5M | -687K | 2.6M |
| Operating income | 3M | -6M | -7.7M | -6.8M | -2.6M | 5.1M | -8.6M | 5.9M | -8.8M | 423K | -7.3M | -7.1M |
| Operating margin | 8.28% | -12.1% | -37.4% | -28.7% | -14.9% | 18.8% | -94.7% | 17% | -65.3% | 2.26% | -48.8% | -67.7% |
| Non-operating income, net | -80.6M | 75.5M | -37.9M | -17.7M | 97.5M | -104.8M | 3.2M | -42.7M | 12.5M | -18.9M | -1.5M | 51.6M |
| Pretax income | -81.8M | 66.1M | -49M | -28M | 91.5M | -102.9M | -8M | -39.7M | 274K | -23.3M | -14.5M | 41.5M |
| Income tax | 0 | — | 2K | 0 | 0 | 0 | 0 | 0 | 0 | 27K | — | — |
| Net income | -81.8M | 66.1M | -49M | -28M | 91.5M | -102.9M | -8M | -39.7M | 274K | -23.3M | -14.5M | 41.5M |
| Net margin | -223.4% | 132.9% | -239.1% | -117.4% | 520.4% | -381.2% | -89% | -114.9% | 2.04% | -124.2% | -96.1% | 396.4% |
| EBITDA | 4.4M | -4M | -6.2M | -22.9M | -1.1M | 7M | -6.5M | -34.8M | 14K | 3.5M | -5M | 29.5M |
| EPS | -6.14 | — | -3.68 | -2.04 | 6.9 | — | -0.57 | -2.95 | 0.14 | — | -0.85 | 3.43 |
| Diluted EPS | -6.14 | — | -3.68 | -2.04 | 6.9 | — | -0.57 | -2.95 | 0.14 | — | -0.85 | 3.43 |
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 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Market cap | — | — | 199.5M | 129.6M | 107.9M | 102.4M |
| Enterprise value | — | — | 343.3M | 313.1M | 301.9M | 275.1M |
| Shares outstanding | 13.3M | 13.3M | 13.3M | 13.3M | 13.1M | 13.1M |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | 7.06 |
| P/S | — | — | 1.97 | 1.46 | 1.43 | 1.04 |
| P/B | — | — | 0.46 | 0.38 | 0.41 | 0.36 |
| EV/EBITDA | — | — | 72.5 | -57.5 | 31.2 | 12.8 |
| EV/Sales | — | — | 3.39 | 3.52 | 3.99 | 2.8 |
| Earnings yield | — | — | — | — | — | 14.2% |
| FCF yield | — | — | -16.4% | -51.9% | -61.6% | 84.2% |
| PEG | — | — | — | — | — | -0.03 |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Gross margin | 2.14% | -17.9% | -28.6% | -28.8% | -18.6% | -34.4% |
| Operating margin | -8.64% | -65% | -31.6% | -13.6% | -29.1% | 3.13% |
| Net margin | 28.3% | -37.8% | -194% | -99.4% | -93.5% | 14.1% |
| ROE | — | -3.73% | -45.2% | -25.6% | -26.6% | 1.38% |
| ROA | — | -3.61% | -29.3% | -14.5% | -12.4% | 1.72% |
| ROIC | — | -6.44% | -5.54% | -2.28% | -4.79% | -4.79% |
| Return on tangible assets | — | -3.61% | -29.3% | -14.5% | -12.4% | 0.79% |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Current ratio | — | 3.43 | 0.37 | 0.38 | 0.38 | 20.9 |
| Quick ratio | — | 3.43 | 0.37 | 0.38 | 0.38 | 0.53 |
| Debt / equity | — | 0 | 0.45 | 0.63 | 1.01 | 0.74 |
| Debt / assets | — | 0 | 0.29 | 0.36 | 0.47 | 0.41 |
| Net debt / EBITDA | — | 32.2 | 30.3 | -33.7 | 20 | 4.57 |
| Interest coverage | 2.66 | 0.14 | -7.54 | -4.61 | -2.85 | 1.19 |
| Effective tax rate | 26.4% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Revenue per share | 16.7 | 7.22 | 7.6 | 6.67 | 5.77 | 7.86 |
| EPS (basic) | 4.71 | -2.73 | -14.7 | -6.51 | -4.9 | -4.9 |
| EPS (diluted) | 4.71 | -2.73 | -14.7 | -6.51 | -4.9 | 1.2 |
| Book value per share | — | 73 | 32.6 | 25.9 | 20.3 | 23.3 |
| FCF per share | -1.21 | -3.74 | -2.46 | -5.05 | -5.07 | -2.54 |
| Cash per share | — | 0.32 | 3.8 | 2.62 | 5.75 | 2.88 |
| Capex per share | 13.7 | 4.5 | 5.18 | 3.17 | 4.18 | 1.6 |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Capex / revenue | 82.4% | 62.4% | 68.2% | 47.5% | 72.4% | 33.5% |
| Capex / operating cash flow | 127.5% | -374.2% | -42.3% | -44.5% | -470% | -139% |
| Payout ratio | — | — | — | — | — | 0% |
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $36.6M | $49.8M | $20.5M | $23.8M | $17.6M | $27M | $9M | $34.6M | $13.4M | $18.7M | $15.1M | $10.5M |
| YoY change | +97.7% | +55.5% | +53.4% | +21.9% | -52% | -45.8% | -55.9% | +45.2% | -23.6% | -30.5% | +66.6% | -69.7% |
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 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Cash & short-term investments | 4.2M | 50.7M | 35M | 75.4M |
| Receivables | — | — | — | — |
| Inventory | — | — | — | — |
| Total current assets | 97.9M | 85.4M | 100.1M | 114.2M |
| Property, plant & equipment | 234M | 182.9M | 177.4M | 113.3M |
| Goodwill & intangibles | 319K | 180K | 127K | 102K |
| Total assets | 1B | 669.2M | 608.7M | 570.2M |
| Accounts payable | — | — | — | — |
| Short-term debt | — | 192.9M | 217.3M | 268.7M |
| Total current liabilities | 28.6M | 231M | 260.4M | 302.5M |
| Long-term debt | 2M | 1.5M | 1.1M | 634K |
| Total liabilities | 33.1M | 235.4M | 263.7M | 304.3M |
| Shareholders' equity | 972.3M | 433.8M | 345M | 265.9M |
| Total debt | 2M | 194.4M | 218.4M | 269.4M |
| Net debt | -2.2M | 143.8M | 183.5M | 219.3M |
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 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 | 45.6M | 50.7M | 45.7M | 48.3M | 45M | 35M | 45M | 58.4M | 61.8M | 75.4M | 84.6M | 80.9M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 75.8M | 85.4M | 82.5M | 93M | 90.7M | 100.1M | 94.5M | 106.9M | 113.4M | 114.2M | 118.7M | 119M |
| Property, plant & equipment | 199.9M | 182.9M | 178.9M | 162.1M | 169.1M | 177.4M | 190.3M | 192.1M | 193.4M | 113.3M | 100.9M | 101.6M |
| Goodwill & intangibles | 273K | 180K | 165K | 151K | 138K | 127K | 116K | 110K | 104K | 102K | 100K | 76K |
| Total assets | 604.3M | 669.2M | 622.9M | 601M | 696.5M | 608.7M | 618.2M | 589.9M | 595.9M | 570.2M | 480.4M | 508.2M |
| Accounts payable | — | — | — | — | — | — | — | — | — | — | — | — |
| Short-term debt | 212.8M | 192.9M | 195M | 197.2M | — | 217.3M | — | — | — | 268.7M | 207M | 208.8M |
| Total current liabilities | 251M | 231M | 235M | 240.1M | 43.4M | 260.4M | 47.8M | 45.9M | 38.9M | 302.5M | 238.4M | 223.7M |
| Long-term debt | 1.6M | 1.5M | 1.4M | 1.3M | 202.4M | 1.1M | 232.4M | 246.3M | 260M | 634K | 517K | 399K |
| Total liabilities | 255.5M | 235.4M | 238.2M | 244.3M | 247.9M | 263.7M | 281.9M | 294M | 302.2M | 304.3M | 240.2M | 225.2M |
| Shareholders' equity | 348.8M | 433.8M | 384.7M | 356.8M | 448.6M | 345M | 336.4M | 295.9M | 293.7M | 265.9M | 240.2M | 283M |
| Total debt | 214.5M | 194.4M | 196.5M | 198.5M | 202.4M | 218.4M | 232.4M | 246.3M | 260M | 269.4M | 207.5M | 209.2M |
| Net debt | 168.9M | 143.8M | 150.7M | 150.2M | 157.4M | 183.5M | 202.1M | 202.1M | 219.4M | 219.3M | 161.1M | 174.4M |
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 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Net income | 62.7M | -36.3M | -196.3M | -88.4M | -70.8M |
| Depreciation & amortization | 6.5M | 4.9M | 4.6M | 4.3M | 5.2M |
| Stock-based compensation | 23.4M | -11.8M | 1.8M | 0 | 0 |
| Change in working capital | 4.9M | -623K | 8.2M | -6.2M | -468K |
| Operating cash flow | 143.4M | -16M | -163.1M | -94.7M | -11.7M |
| Capital expenditure | 182.7M | 59.9M | 69M | 42.2M | -54.8M |
| Investing cash flow | 570.4M | 219M | 200.1M | 30.8M | -48.1M |
| Dividends paid | — | — | — | — | — |
| Share repurchases | — | — | — | — | -8M |
| Financing cash flow | -676.4M | -218.3M | -114.1M | 15.8M | 34.8M |
| Net change in cash | 37.3M | -15.3M | -77.1M | -48.1M | -24.9M |
| Free cash flow | -16.1M | -49.8M | -32.8M | -67.2M | -66.4M |
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 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 | -81.8M | 66.1M | -49M | -28M | 91.5M | -102.9M | -8M | -39.7M | 275K | -23.3M | -14.5M | 41.5M |
| Depreciation & amortization | 1.1M | 1.3M | 1.2M | 1.2M | 986K | 981K | 977K | 952K | 1.1M | 2.2M | 2.2M | 856K |
| Stock-based compensation | 0 | 0 | 0 | 0 | 0 | 0 | — | — | — | — | — | — |
| Change in working capital | -1.3M | 1.9M | -1.4M | -2.5M | -2.3M | 47K | 616K | -489K | 578K | -1.2M | 855K | -1.9M |
| Operating cash flow | -88.9M | 69.8M | -52.1M | -24.1M | 93.7M | -112.2M | -3M | -2.6M | 5.3M | -8M | -8.4M | -2.8M |
| Capital expenditure | 21.6M | 26.2M | 16.6M | 16.1M | 6.5M | 3M | 5.5M | -21.8M | -10.6M | -5.9M | 1.3M | -1.5M |
| Investing cash flow | 17.7M | 46.1M | 15.8M | 8.3M | 5.5M | 1.2M | 8.2M | -22.5M | -15.7M | 3.8M | -12.9M | -7.6M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | -189K | -3.3M | -4.5M | -2M | 0 |
| Financing cash flow | -15.3M | -24.9M | 0 | 0 | 1.8M | 14M | 12.1M | 11.6M | 8.5M | 2.6M | 2.7M | -1K |
| Net change in cash | -86.4M | 91M | -36.3M | -15.9M | 101M | -97M | 17.3M | -13.5M | -1.9M | -1.5M | -18.6M | -10.5M |
| Free cash flow | -9M | -11.7M | -20.4M | -6.8M | -15.8M | -24.2M | -22.8M | -24.4M | -5.3M | -13.9M | -8.4M | -3M |