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 % |
|---|---|---|---|---|---|---|
| Q4 22 | -$0.15 | -$0.28 | -86.7% | — | — | — |
| Q3 22 | — | -$0.48 | — | — | — | — |
| Q2 22 | — | -$0.27 | — | — | — | — |
| Q1 22 | — | -$0.32 | — | — | — | — |
| Q4 21 | -$0.95 | -$1.76 | -85.3% | — | $83.1M | — |
| Q3 21 | -$0.26 | -$0.16 | +38.5% | — | — | — |
| Q2 21 | -$255.3 | -$309.9 | -21.4% | — | $132.4M | — |
| Q3 20 | -$487.2 | -$156.9 | +67.8% | — | $100M | — |
| Q2 20 | -$337.2 | -$162.5 | +51.8% | — | $54.7M | — |
| Q1 20 | -$842.4 | -$254.4 | +69.8% | — | $9.7M | — |
| Q3 19 | -$758.4 | -$156 | +79.4% | — | $135.6M | — |
| Q2 19 | $0.28 | -$1.6 | -671.4% | — | $203.5M | — |
| Q1 19 | — | -$83 | — | — | $122.9M | — |
| Q4 18 | $0.04 | $0.68 | +1600.0% | — | $226.4M | — |
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 | — | — | — | — | $5.9M | — |
| FY24 | — | -$1.7K | — | — | $0 | — |
| FY23 | — | -$960 | — | — | $0 | — |
| FY22 | — | -$2.5K | — | — | $183.2M | — |
| FY21 |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $117.4M | $280.7M | $651M | $644.8M | $330.2M | $357.6M | $183.2M | $0 | $0 | $5.9M |
| YoY change | — | +139.2% | +132% | -0.96% | -48.8% | +8.27% | -48.8% | -100% | 0% | +InfinityT% |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 117.4M | 280.7M | 651M | 644.8M | 330.2M | 357.6M | 183.2M | 0 | 0 | 5.9M |
| Cost of revenue | 17.7M | 85.7M | 183.4M | 186.5M | 88.8M | 85.3M | 70.5M | 0 | 0 | 5.8M |
| Gross profit | 99.6M | 194.9M | 467.6M | 458.2M | 241.4M | 272.3M | 112.7M | 0 | 0 | 168K |
| Gross margin | 84.9% | 69.5% | 71.8% | 71.1% | 73.1% | 76.1% | 61.5% | — | — | 2.84% |
| Research & development | 19.6M | 15.9M | 19.3M | 43.3M | 34.3M | 35.7M | 19.8M | 11.3M | 11.9M | — |
| Selling, general & administrative | 161.1M | 250.7M | 516.4M | 675.9M | 378.5M | 347.5M | 192.4M | 24.5M | 37.6M | 34.6M |
| Operating expenses | 180.7M | 266.7M | 535.7M | 719.3M | 412.8M | 383.1M | 212.2M | 35.8M | 49.5M | 34.6M |
| Operating income | -81.1M | -71.7M | -68M | -261M | -171.3M | -110.8M | -99.6M | -24.5M | -37.6M | -34.5M |
| Operating margin | -69.1% | -25.6% | -10.5% | -40.5% | -51.9% | -31% | -54.3% | — | — | -582.3% |
| Non-operating income, net | 963K | -1.5M | -3.9M | 2.7M | 4.4M | 8.3M | -72.2M | 21.2M | -56.7M | 77M |
| Pretax income | -81.5M | -75.7M | -75.1M | -251.3M | -164.5M | -101.9M | -171.9M | -3.2M | -94.3M | 42.5M |
| Income tax | 0 | 0 | 0 | 0 | -1M | 0 | -5.5M | 0 | 0 | 0 |
| Net income | -86.6M | -90.7M | -78.7M | -251.3M | -163.5M | -101.9M | -166.5M | -83M | -188M | 2.3M |
| Net margin | -73.8% | -32.3% | -12.1% | -39% | -49.5% | -28.5% | -90.9% | — | — | 38.3% |
| EBITDA | -81.1M | -69.2M | -63.5M | -254.9M | -164.2M | -102.6M | -17.4M | -45.3M | 19.5M | -111.5M |
| EPS | -78.8 | -85 | -223.2 | -204 | -129.6 | -79.2 | -2.5K | -960 | -1.7K | — |
| Diluted EPS | -78.8 | -85 | -223.2 | -204 | -129.6 | -79.2 | -2.5K | -960 | -1.7K | — |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | Q1 19 | Q2 19 | Q3 19 | Q4 19 | Q1 20 | Q2 20 | Q3 20 | Q4 20 | Q1 21 | Q2 21 | Q3 21 | Q4 21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 122.9M | 203.5M | 135.6M | 182.8M | 9.7M | 54.7M | 100M | 165.8M | 80.9M | 132.4M | 61.1M | 83.1M |
| Cost of revenue | 34M | 59.5M | 42.4M | 50.7M | 4M | 11.7M | 27.9M | 45.2M | 16.5M | 34.9M | 14.3M | 19.6M |
| Gross profit | 88.9M | 144M | 93.2M | 132.1M | 5.7M | 43M | 72.1M | 120.6M | 64.4M | 97.5M | 46.8M | 63.5M |
| Gross margin | 72.4% | 70.8% | 68.7% | 72.3% | 58.6% | 78.6% | 72.1% | 72.8% | 79.6% | 73.6% | 76.6% | 76.4% |
| Research & development | 7.5M | 9.9M | 12.2M | 13.8M | 8.6M | 8.3M | 7.1M | 10.2M | 8.9M | 8.8M | 9.2M | 8.8M |
| Selling, general & administrative | 109M | 245.6M | 133.8M | 187.4M | 56M | 76.6M | 107.6M | 138.3M | 73.5M | 98M | 76.9M | 99.1M |
| Operating expenses | 116.5M | 255.5M | 146M | 201.2M | 64.7M | 84.9M | 114.7M | 148.5M | 82.4M | 106.8M | 86.1M | 107.9M |
| Operating income | -27.6M | -111.4M | -52.8M | -69.1M | -59M | -41.8M | -42.6M | -27.9M | -18M | -9.3M | -39.3M | -44.4M |
| Operating margin | -22.5% | -54.8% | -39% | -37.8% | -608.7% | -76.4% | -42.6% | -16.8% | -22.2% | -7.01% | -64.3% | -53.4% |
| Non-operating income, net | -2.5M | 571K | 4.1M | 514K | 1.1M | 1.1M | 634K | 1.5M | 720K | 2.9M | 1.7M | 3M |
| Pretax income | -27.3M | -109M | -47.5M | -67.6M | -56.9M | -40.2M | -41.4M | -25.9M | -16.8M | -6.3M | -37M | -41.8M |
| Income tax | 0 | 0 | 0 | 0 | -352K | -164K | -258K | -258K | -258K | -258K | -258K | 774K |
| Net income | -27.3M | -109M | -47.5M | -67.6M | -56.5M | -40.1M | -41.2M | -25.7M | -16.6M | -6M | -36.8M | -42.6M |
| Net margin | -22.2% | -53.5% | -35% | -37% | -583.3% | -73.2% | -41.2% | -15.5% | -20.5% | -4.56% | -60.2% | -51.2% |
| EBITDA | -25.2M | -110.8M | -53.6M | -68.8M | -59.5M | -41.7M | -42.3M | -28.2M | -17.9M | -8.7M | -39.3M | -43.9M |
| EPS | -21.6 | -86.4 | -38.4 | -55.2 | -45.6 | -31.2 | -31.2 | -19.2 | -12 | -4.8 | -28.8 | -33.6 |
| Diluted EPS | -21.6 | -86.4 | -38.4 | -55.2 | -45.6 | -31.2 | -31.2 | -19.2 | -12 | -4.8 | -28.8 | -33.6 |
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 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market cap | — | — | — | — | 9.3B | 7.9B | — | — | — | — | — |
| Enterprise value | — | — | — | — | 9.1B | 7.8B | — | — | — | — | — |
| Shares outstanding | 9.5M | 9.5M | 3.7M | 8.9M | 9.2M | 9.3M | 66.6K | 84.8K | 108.4K | — | — |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| P/S | — | — | — | — | 28.1 | 22.1 | — | — | — | — | — |
| P/B | — | — | — | — | 32.3 | 40.8 | — | — | — | — | — |
| EV/EBITDA | — | — | — | — | -55.5 | -76.4 | — | — | — | — | — |
| EV/Sales | — | — | — | — | 27.6 | 21.9 | — | — | — | — | — |
| FCF yield | — | — | — | — | -0.98% | -1.18% | — | — | — | — | — |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin | 84.9% | 69.5% | 71.8% | 71.1% | 73.1% | 76.1% | 61.5% | — | — | 2.84% | 2.84% |
| Operating margin | -69.1% | -25.6% | -10.5% | -40.5% | -51.9% | -31% | -54.3% | — | — | -582.3% | -582.3% |
| Net margin | -73.8% | -32.3% | -12.1% | -39% | -49.5% | -28.5% | -90.9% | — | — | 38.3% | 38.3% |
| ROE | 29.8% | 22.7% | -13.1% | -59.4% | -56.9% | -52.7% | -179.4% | -425.8% | 133.5% | 1.72% | 1.72% |
| ROA | -175.3% | -80.4% | -10.8% | -44.3% | -34.5% | -28.9% | -70.8% | -69.5% | -425.9% | 1.31% | 1.31% |
| ROIC | 32.1% | 18.9% | -290.4% | -163.9% | -121.1% | -78.7% | -247% | -63.3% | 38.8% | -26.3% | -26.3% |
| Return on tangible assets | -175.3% | -80.4% | -10.8% | -44.3% | -81.8% | -117.4% | -115.5% | -294% | -425.9% | 1.31% | 1.31% |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 0.41 | 0.64 | 5.65 | 3.74 | 1.77 | 1.36 | 1.6 | 0.71 | 0.37 | 10.7 | 10.7 |
| Quick ratio | 0.41 | 0.64 | 5.65 | 3.74 | 1.77 | 1.36 | 1.6 | 0.71 | 0.37 | 10.7 | 10.7 |
| Debt / equity | -0.22 | -0.23 | — | 0 | 0.03 | 0.06 | 0.19 | 1.48 | -0.34 | — | — |
| Debt / assets | 1.27 | 0.81 | — | 0 | 0.02 | 0.03 | 0.07 | 0.24 | 1.1 | — | — |
| Net debt / EBITDA | -0.46 | -0.3 | — | 1.03 | 0.89 | 0.51 | 3.02 | -0.43 | 2.25 | — | — |
| Interest coverage | -58.9 | -29.7 | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | 12.3 | 29.5 | 176.7 | 72.4 | 35.8 | 38.5 | 2.8K | 0 | 0 | — | — |
| EPS (basic) | -78.8 | -85 | -223.2 | -204 | -129.6 | -79.2 | -2.5K | -960 | -1.7K | — | — |
| EPS (diluted) | -78.8 | -85 | -223.2 | -204 | -129.6 | -79.2 | -2.5K | -960 | -1.7K | — | — |
| Book value per share | -30.5 | -42 | 163.4 | 47.5 | 31.1 | 20.8 | 1.4K | 229.9 | -1.3K | — | — |
| FCF per share | -5.69 | -6.3 | -20.1 | -19.6 | -9.86 | -10 | -1.7K | -883.7 | -320.4 | — | — |
| Cash per share | 2.6 | 7.43 | 157.1 | 29.6 | 16.9 | 6.83 | 1K | 112.8 | 42.4 | — | — |
| Capex per share | 0.03 | 0.03 | 5.62 | 1.49 | 0.22 | 0.1 | 3.18 | — | — | — | — |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Capex / revenue | 0.2% | 0.1% | 3.18% | 2.05% | 0.62% | 0.27% | 0.12% | — | — | — | — |
| Capex / operating cash flow | -0.28% | -0.35% | -188.3% | -7.69% | -1.76% | -1.04% | -0.11% | — | — | — | — |
| — |
| -$79.2 |
| — |
| — |
| $357.6M |
| — |
| FY20 | — | -$129.6 | — | — | $330.2M | — |
| FY19 | — | -$204 | — | — | $644.8M | — |
| FY18 | — | -$223.2 | — | — | $651M | — |
| FY17 | — | -$85 | — | — | $280.7M | — |
| FY16 | — | -$78.8 | — | — | $117.4M | — |
| Period | Q1 19 | Q2 19 | Q3 19 | Q4 19 | Q1 20 | Q2 20 | Q3 20 | Q4 20 | Q1 21 | Q2 21 | Q3 21 | Q4 21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $122.9M | $203.5M | $135.6M | $182.8M | $9.7M | $54.7M | $100M | $165.8M | $80.9M | $132.4M | $61.1M | $83.1M |
| YoY change | +40.6% | +11.9% | -12.7% | -19.3% | -92.1% | -73.1% | -26.2% | -9.33% | +734.7% | +141.9% | -38.9% | -49.8% |
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 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 24.8M | 70.7M | 578.6M | 263.7M | 155.6M | 63.5M | 69.9M | 9.6M | 4.6M | 976K |
| Receivables | 4.9M | 8.5M | 48.6M | 60.2M | 60.9M | 78.3M | 49.5M | 28.6M | 0 | 6.5M |
| Inventory | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 46.7M | 109.5M | 699.6M | 531.4M | 311.4M | 205.7M | 173.7M | 62M | 38M | 172.9M |
| Property, plant & equipment | 1.6M | 938K | 11.6M | 20.4M | 16.5M | 8.6M | 10.1M | 5.7M | 0 | — |
| Goodwill & intangibles | — | — | — | 0 | 274.5M | 266.3M | 91.1M | 91.1M | 0 | — |
| Total assets | 49.4M | 112.8M | 725.9M | 567.2M | 474.4M | 353.1M | 235.3M | 119.3M | 44.1M | 172.9M |
| Accounts payable | 187K | 3.3M | 7M | 5.8M | 21.8M | 29.6M | 13.7M | 10.4M | 0 | 6.5M |
| Short-term debt | 62.5M | 88.9M | — | — | 5.9M | 9.6M | 8.4M | 19.8M | 35.1M | — |
| Total current liabilities | 113M | 171M | 123.9M | 142.1M | 176.2M | 151.8M | 108.6M | 86.8M | 103M | 16.2M |
| Long-term debt | — | 2.9M | — | 0 | 4M | 1.5M | 9M | 9.1M | 13.4M | — |
| Total liabilities | 339.5M | 512.9M | 123.9M | 144.2M | 187.3M | 159.8M | 142.5M | 99.9M | 184.9M | 40.6M |
| Shareholders' equity | -290.1M | -400M | 602M | 423M | 287.1M | 193.3M | 92.8M | 19.5M | -140.8M | 132.3M |
| Total debt | 62.5M | 91.8M | — | 0 | 10M | 11.1M | 17.4M | 28.9M | 48.5M | — |
| Net debt | 37.7M | 25.1M | — | -193.9M | -100M | -52.4M | -52.5M | 19.3M | 43.9M | — |
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 | Q1 19 | Q2 19 | Q3 19 | Q4 19 | Q1 20 | Q2 20 | Q3 20 | Q4 20 | Q1 21 | Q2 21 | Q3 21 | Q4 21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 505.6M | 364.3M | 291.7M | 263.7M | 205.2M | 200.4M | 183M | 155.6M | 134.4M | 126.2M | 100.2M | 63.5M |
| Receivables | 66.6M | 82.7M | 81.1M | 60.2M | 47.9M | 50.1M | 48.6M | 60.9M | 61.5M | 57.8M | 52.6M | 78.3M |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 659.3M | 633.7M | 578.9M | 531.4M | 352.9M | 339.7M | 324.6M | 311.4M | 278.6M | 274.3M | 246.4M | 205.7M |
| Property, plant & equipment | — | — | — | 20.4M | — | — | — | 16.5M | 14.8M | 12.7M | 10.8M | 8.6M |
| Goodwill & intangibles | — | — | — | 0 | 279.9M | 278.6M | 276.5M | 274.5M | 272.4M | 270.4M | 268.3M | 266.3M |
| Total assets | 685.2M | 659.8M | 614.3M | 567.2M | 507.2M | 494.6M | 478.6M | 474.4M | 433.8M | 426.7M | 396.4M | 353.1M |
| Accounts payable | 7.9M | 9.6M | 7.3M | 5.8M | 1.5M | 3.8M | 4.5M | 21.8M | 18M | 21.6M | 31.3M | 29.6M |
| Short-term debt | — | — | — | — | — | 3M | 3M | 5.9M | 10M | 11.4M | 10M | 9.6M |
| Total current liabilities | 106.9M | 132.7M | 127.4M | 142.1M | 109.1M | 128.3M | 156.1M | 176.2M | 150.2M | 149.2M | 154.4M | 151.8M |
| Long-term debt | — | — | — | 0 | — | — | — | 4M | 3M | 2.5M | 1.9M | 1.5M |
| Total liabilities | 106.9M | 135.1M | 129.7M | 144.2M | 118.3M | 138.6M | 164.6M | 187.3M | 160.6M | 158.7M | 162.6M | 159.8M |
| Shareholders' equity | 578.3M | 524.8M | 484.6M | 423M | 389M | 356.1M | 314M | 287.1M | 273.1M | 268M | 233.8M | 193.3M |
| Total debt | — | — | — | 0 | — | 3M | 3M | 10M | 12.9M | 14M | 11.9M | 11.1M |
| Net debt | — | — | — | -193.9M | — | -139M | -75.8M | -100M | -121.5M | -112.2M | -88.3M | -52.4M |
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 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -86.6M | -90.7M | -78.7M | -251.3M | -163.5M | -101.9M | -166.5M | -3.2M | -94.3M | 42.5M |
| Depreciation & amortization | 1.2M | 965K | 1.1M | 4.4M | 7.1M | 7.4M | 4.2M | 0 | 0 | — |
| Stock-based compensation | 2.9M | 1.9M | 78.1M | 110.4M | 17.4M | 9.8M | 10.3M | 9.5M | 28.4M | 24.6M |
| Change in working capital | -3.5M | 8.3M | -13.6M | -35M | 23.5M | -9M | -39.1M | 22.8M | 6.6M | 4M |
| Operating cash flow | -84.6M | -78.3M | -11M | -172.1M | -116.6M | -92.7M | -197.1M | -74.9M | -34.7M | -176.4M |
| Capital expenditure | 239K | -272K | -20.7M | -13.2M | -2M | -968K | -212K | — | — | — |
| Investing cash flow | 15M | -4.3M | -20.7M | -187.5M | 37.7M | 47.9M | -212K | 0 | — | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | 0 | -449K | -1.6M | -13.7M | 0 | 0 | — | — | — | — |
| Financing cash flow | 52.5M | 100.1M | 502.8M | -11M | -3.1M | -6M | 176.3M | 7.5M | 14.4M | 165M |
| Net change in cash | -17.2M | 17.5M | 471M | -370.7M | -82M | -50.9M | -21M | -67.3M | -20.4M | -11.3M |
| Free cash flow | -54.2M | -59.9M | -74M | -175M | -90.9M | -93.2M | -109.9M | -74.9M | -34.7M | -181.3M |