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 | — | — | — | — | $1M | — |
| FY24 | — | — | — | — | $1.7M | — |
| FY23 | — | — | — | — | $2.7M | — |
| FY22 | — | — | — | — | $1.2M | — |
| FY21 | — | — | — | — | $450K | — |
| FY20 | — | — | — | — | $316K | — |
| FY19 | — | — | — | — | $85K | — |
| FY18 | — | — | — | — | $0 | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | $85K | $316K | $450K | $1.2M | $2.7M | $1.7M | $1M |
| YoY change | — | +InfinityT% | +271.8% | +42.4% | +165.1% | +128% | -38.1% | -39.6% |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | Q3 21 | Q4 21 |
|---|
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 85K | 316K | 450K | 1.2M | 2.7M | 1.7M | 1M |
| Cost of revenue | 0 | 64K | 258K | 288K | 829K | 2M | 1.1M | 1.1M |
| Gross profit | 0 | 21K | 58K | 162K | 364K | 752K | 614K | -74K |
| Gross margin | — | 24.7% | 18.4% | 36% | 30.5% | 27.6% | 36.5% | -7.28% |
| Research & development | 7.9M | 7M | 10.6M | 18.8M | 21.5M | 22.9M | 19.4M | 18.9M |
| Selling, general & administrative | 961K | 1.2M | 6.8M | 7.6M | 8.1M | 12.4M | 14.5M | 11.8M |
| Operating expenses | 8.9M | 8.2M | 17.4M | 26.4M | 29.6M | 35M | 33.9M | 30.7M |
| Operating income | -8.9M | -8.2M | -17.4M | -26.3M | -29.2M | -34.2M | -33.3M | -30.7M |
| Operating margin | — | -9.6K% | -5.5K% | -5.8K% | -2.4K% | -1.3K% | -2K% | -3K% |
| Non-operating income, net | -2.7M | -1.3M | -6K | -136K | 5M | 1.3M | 427K | 1.5M |
| Pretax income | -11.6M | -9.4M | -13.6M | -26.5M | -25M | -33.8M | -34.9M | -29.4M |
| Income tax | — | — | — | — | — | — | — | — |
| Net income | -11.6M | -9.4M | -13.6M | -26.5M | -25M | -33.8M | -34.9M | -29.4M |
| Net margin | — | -11.1K% | -4.3K% | -5.9K% | -2.1K% | -1.2K% | -2.1K% | -2.9K% |
| EBITDA | -8.9M | -8.2M | -13.3M | -25.8M | -29.4M | -34M | -33.5M | -29.7M |
| EPS | — | — | — | — | — | — | — | — |
| Diluted EPS | — | — | — | — | — | — | — | — |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | Q3 21 | Q4 21 | Q3 22 | Q4 22 |
|---|---|---|---|---|
| Revenue | 131K | 118K | 372K | 439K |
| Cost of revenue | 86K | 37K | 257K | 305K |
| Gross profit | 45K | 81K | 115K | 134K |
| Gross margin | 34.4% | 68.6% | 30.9% | 30.5% |
| Research & development | 4.4M | 5.6M | 6.1M | 5.2M |
| Selling, general & administrative | 1.5M | 1.7M | 2.4M | 2.7M |
| Operating expenses | 5.9M | 7.3M | 8.5M | 7.9M |
| Operating income | -5.8M | -7.3M | -8.4M | -7.8M |
| Operating margin | -4.4K% | -6.2K% | -2.2K% | -1.8K% |
| Non-operating income, net | — | — | — | — |
| Pretax income | -5.9M | -7.3M | -7.8M | -5.2M |
| Income tax | — | — | — | — |
| Net income | -5.9M | -7.3M | -7.8M | -5.2M |
| Net margin | -4.5K% | -6.2K% | -2.1K% | -1.2K% |
| EBITDA | -5.8M | -7.4M | -7.9M | -6M |
| EPS | — | — | — | — |
| Diluted EPS | — | — | — | — |
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 |
|---|---|---|---|---|---|---|---|---|---|
| Gross margin | — | 24.7% | 18.4% | 36% | 30.5% | 27.6% | 36.5% | -7.28% | -7.28% |
| Operating margin | — | -9.6K% | -5.5K% | -5.8K% | -2.4K% | -1.3K% | -2K% | -3K% | -3K% |
| Net margin | — | -11.1K% | -4.3K% | -5.9K% | -2.1K% | -1.2K% | -2.1K% | -2.9K% | -2.9K% |
| ROE | — | 47.8% | -38.5% | -219.8% | -94% | -320% | -328.7% | -240.5% | -240.5% |
| ROA | — | -1.8K% | -34.1% | -141.2% | -72.5% | -125.4% | -146.7% | -140.7% | -140.7% |
| Return on tangible assets | — | -1.8K% | -34.1% | -141.2% | -72.5% | -125.4% | -146.7% | -140.7% | -140.7% |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Current ratio | — | 0.27 | 11.5 | 3.21 | 4.88 | 1.64 | 1.82 | 2.34 | 2.34 |
| Quick ratio | — | 0.22 | 11.5 | 3.05 | 4.58 | 1.33 | 1.4 | 1.88 | 1.88 |
| Debt / equity | — | 0 | 0.03 | 0.09 | 0.02 | 0.8 | 0.7 | 0.42 | 0.42 |
| Debt / assets | — | 0 | 0.02 | 0.06 | 0.02 | 0.31 | 0.31 | 0.25 | 0.25 |
| Net debt / EBITDA | — | 0.01 | 2.76 | 0.49 | 0.97 | 0.25 | 0.18 | 0.3 | 0.3 |
| Interest coverage | — | — | -221.4 | -433.3 | -579.5 | -54.1 | -23.6 | -36.3 | -36.3 |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Capex / revenue | — | 38.8% | 38.3% | 32% | 5.2% | — | — | — | — |
| Capex / operating cash flow | -0.18% | -0.34% | -1.32% | -0.62% | -0.26% | — | — | — | — |
| Q3 22 |
|---|
| Q4 22 |
|---|
| Revenue | $131K | $118K | $372K | $439K |
| YoY change | — | — | +184% | +272% |
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 | 109K | 37.6M | 13.7M | 29.3M | 17.1M | 13.3M | 14.1M |
| Receivables | 73K | 359K | 501K | 545K | 702K | 1.1M | 724K |
| Inventory | 94K | 110K | 825K | 2M | 4.5M | 5M | 3.8M |
| Total current assets | 469K | 38.6M | 16.2M | 33.1M | 24.2M | 21.6M | 19.5M |
| Property, plant & equipment | 66K | -16K | -332K | -777K | -1.2M | -1.5M | -2M |
| Goodwill & intangibles | — | — | — | — | — | — | — |
| Total assets | 535K | 39.8M | 18.8M | 34.4M | 27M | 23.8M | 20.9M |
| Accounts payable | 412K | 888K | 942K | 2M | 4.3M | 1.8M | 606K |
| Short-term debt | 0 | 300K | 467K | 467K | 7.5M | 6.8M | 5M |
| Total current liabilities | 1.7M | 3.4M | 5M | 6.8M | 14.8M | 11.9M | 8.4M |
| Long-term debt | 0 | 619K | 605K | 181K | 980K | 606K | 204K |
| Total liabilities | 20.3M | 4.6M | 6.7M | 7.9M | 16.4M | 13.2M | 8.7M |
| Shareholders' equity | -19.8M | 35.2M | 12.1M | 26.6M | 10.6M | 10.6M | 12.2M |
| Total debt | 0 | 919K | 1.1M | 648K | 8.5M | 7.4M | 5.2M |
| Net debt | -109K | -36.7M | -7.6M | -18.6M | -8.6M | -5.9M | -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 | Q4 21 | Q3 22 | Q4 22 |
|---|---|---|---|
| Cash & short-term investments | 13.7M | 32.1M | 29.3M |
| Receivables | 501K | 581K | 545K |
| Inventory | 825K | 1.5M | 2M |
| Total current assets | 16.2M | 35.9M | 33.1M |
| Property, plant & equipment | -332K | 908K | -777K |
| Goodwill & intangibles | — | — | — |
| Total assets | 18.8M | 37M | 34.4M |
| Accounts payable | 942K | 1.8M | 2M |
| Short-term debt | 467K | 467K | 467K |
| Total current liabilities | 5M | 9.5M | 6.8M |
| Long-term debt | 605K | 289K | 181K |
| Total liabilities | 6.7M | 10.7M | 7.9M |
| Shareholders' equity | 12.1M | 26.3M | 26.6M |
| Total debt | 1.1M | 756K | 648K |
| Net debt | -7.6M | -31.3M | -18.6M |
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 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Net income | -11.6M | -9.4M | -13.6M | -26.5M | -25M | -33.8M | -34.9M | -29.4M |
| Depreciation & amortization | 14K | 23K | 203K | 459K | 507K | 523K | 418K | 462K |
| Stock-based compensation | 177K | 211K | 4.4M | 3.3M | 1.2M | 978K | 598K | 175K |
| Change in working capital | 320K | -282K | 539K | -298K | -885K | -2.5M | -2.5M | 741K |
| Operating cash flow | -11M | -9.7M | -9.2M | -23.1M | -24.1M | -35M | -34.4M | -29.2M |
| Capital expenditure | -20K | -33K | -121K | -144K | -62K | — | — | — |
| Investing cash flow | 70K | -53K | -231K | -5.2M | -62K | — | -5K | — |
| Dividends paid | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — |
| Financing cash flow | 6.2M | 8.3M | 50M | -611K | 42M | 21.7M | 30.5M | 32.1M |
| Net change in cash | -4.8M | -1.4M | 40.7M | -28.9M | 17.9M | -13.3M | -3.9M | 2.9M |
| Free cash flow | -7.8M | -8.4M | -12.5M | -23.3M | -28.4M | -35.1M | -34.5M | -29.2M |
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 22 | Q4 22 | Q1 23 | Q2 23 | Q3 23 |
|---|---|---|---|---|---|
| Net income | 13.1M | 7.6M | -11.9M | 7M | -34.4M |
| Depreciation & amortization | 16.1M | 15.7M | 15.2M | 14.9M | 15M |
| Stock-based compensation | 2.5M | 2M | 2.4M | 2.6M | 2.6M |
| Change in working capital | -20.9M | -14M | -81.4M | -9.4M | -18.2M |
| Operating cash flow | 10.6M | 11M | -75.9M | 15.1M | -35.1M |
| Capital expenditure | — | — | — | — | — |
| Investing cash flow | — | — | — | — | — |
| Dividends paid | — | — | — | — | — |
| Share repurchases | -213K | -39K | -1.9M | -66K | -44K |
| Financing cash flow | -35.2M | -55M | 38.9M | -39.3M | -38.9M |
| Net change in cash | -24.6M | -44M | -37M | -24.3M | -74M |
| Free cash flow | 3.2M | -5.6M | -81M | 6.7M | -45.9M |