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 | -$0.15 | -$0.16 | -6.7% | — | $11.4M | — |
| Q4 25 | -$0.13 | -$0.05 | +61.5% | — | $13.2M | — |
| Q3 25 | -$0.16 | -$0.87 | -443.8% | — | $11.6M | — |
| Q2 25 | -$0.22 | -$0.23 | -4.5% | — | $11.2M | — |
| Q1 25 | -$0.2 | -$0.26 | -30.0% | — | $9.2M | — |
| Q4 24 | -$0.35 | -$0.4 | -14.3% | — | $8.3M | — |
| Q3 24 | -$0.36 | -$0.4 | -11.1% | — | $7.3M | — |
| Q2 24 | -$0.46 | -$0.21 | +54.3% | — | $7.4M | — |
| Q1 24 | -$0.72 | -$0.6 | +16.7% | — | $6.5M | — |
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 | — | -$1.84 | — | — | $45.2M | — |
| FY24 | — | -$1.31 | — | — | $29.4M | — |
| FY23 | — | -$6.73 | — | — | $18.5M | — |
| FY22 | — | -$161.6 | — | — | $12.4M | — |
| FY21 | — | -$93.2 | — | — |
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 | $8.4M | $12.4M | $18.5M | $29.4M | $45.2M |
| YoY change | — | +47.6% | +49.3% | +59% | +53.4% |
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 | 8.4M | 12.4M | 18.5M | 29.4M | 45.2M |
| Cost of revenue | 1.2M | 2.3M | 2.6M | 4.1M | 7M |
| Gross profit | 7.2M | 10.1M | 15.9M | 25.3M | 38.2M |
| Gross margin | 85.8% | 81.8% | 85.9% | 86.1% | 84.6% |
| Research & development | 14.2M | 21.4M | 29.5M | 17.7M | 15M |
| Selling, general & administrative | 17M | 25.2M | 40.5M | 43.8M | 50.2M |
| Operating expenses | 31.2M | 46.6M | 70.1M | 61.5M | 65.1M |
| Operating income | -24M | -36.4M | -54.1M | -36.2M | -26.9M |
| Operating margin | -286.1% | -293.9% | -292.5% | -122.9% | -59.7% |
| Non-operating income, net | -3M | -10.9M | -5.3M | 8.8M | -7.3M |
| Pretax income | -28.8M | -47.2M | -59M | -30M | -39.2M |
| Income tax | 3K | 9K | 9K | 6K | 7K |
| Net income | -28.8M | -47.2M | -59M | -30M | -39.2M |
| Net margin | -343.4% | -380.6% | -318.9% | -102.1% | -86.9% |
| EBITDA | -22.8M | -44.6M | -57.7M | -35.3M | -26.2M |
| EPS | -93.2 | -161.6 | -6.73 | -1.31 | -1.84 |
| Diluted EPS | -93.2 | -161.6 | -6.73 | -1.31 | -1.84 |
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 | 5.2M | 5.7M | 6.5M | 7.4M | 7.3M | 8.3M | 9.2M | 11.2M | 11.6M | 13.2M | 8.9M | 11.4M |
| Cost of revenue | — | — | — | — | — | — | — | — | 1.9M | 1.8M | 1.2M | 1.5M |
| Gross profit | — | — | — | — | — | — | — | — | 9.7M | 11.4M | 7.7M | 9.9M |
| Gross margin | — | — | — | — | — | — | — | — | 83.5% | 86.7% | 86.2% | 86.8% |
| Research & development | — | — | — | — | — | — | — | — | 5.2M | 2.6M | 3.2M | 3.1M |
| Selling, general & administrative | — | — | — | — | — | — | — | — | 13.5M | 12.1M | 12.9M | 16.6M |
| Operating expenses | — | — | — | — | — | — | — | — | 18.7M | 14.7M | 16.1M | 19.7M |
| Operating income | — | — | — | — | — | — | — | — | -9M | -3.3M | -8.4M | -9.8M |
| Operating margin | — | — | — | — | — | — | — | — | -77.9% | -24.8% | -94.5% | -86% |
| Non-operating income, net | — | — | — | — | — | — | — | — | -502K | -5.2M | 11.2M | 1.7M |
| Pretax income | — | — | — | — | — | — | — | — | -10.8M | -9.8M | 1.5M | -9.2M |
| Income tax | — | — | — | — | — | — | — | — | 5K | 0 | 4K | 4K |
| Net income | — | — | — | — | — | — | — | — | -10.8M | -9.8M | 1.5M | -9.2M |
| Net margin | — | — | — | — | — | — | — | — | -93.5% | -73.9% | 17.3% | -80.5% |
| EBITDA | — | — | — | — | — | — | — | — | -8.8M | -3M | -8.2M | -9.1M |
| EPS | -0.14 | -1.56 | -0.6 | -0.21 | -0.12 | -0.4 | -0.39 | -0.27 | -0.96 | -0.21 | 0.03 | -0.16 |
| Diluted EPS | -0.14 | -1.56 | -0.6 | -0.21 | -0.12 | -0.4 | -0.39 | -0.27 | -0.96 | -0.21 | 0.03 | -0.16 |
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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Market cap | — | 3.1M | 3.1M | — | — | — | 270.3M |
| Enterprise value | — | -27.2M | -4.3M | — | — | — | 258.5M |
| Shares outstanding | — | 309.6K | 309.6K | 9.4M | 25.3M | 37.9M | 37.9M |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | 0.09 |
| P/S | — | 0.36 | 0.25 | — | — | — | 6 |
| P/B | — | -0.02 | -0.02 | — | — | — | 41 |
| EV/EBITDA | — | 1.19 | 0.1 | — | — | — | -8.63 |
| EV/Sales | — | -3.24 | -0.35 | — | — | — | 5.73 |
| Earnings yield | — | — | — | — | — | — | 1.2K% |
| FCF yield | — | -783.1% | -1.1K% | — | — | — | -4.02% |
| PEG | — | — | — | — | — | — | -0 |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Gross margin | — | 85.8% | 81.8% | 85.9% | 86.1% | 84.6% | 86.8% |
| Operating margin | — | -286.1% | -293.9% | -292.5% | -122.9% | -59.7% | -86% |
| Net margin | — | -343.4% | -380.6% | -318.9% | -102.1% | -86.9% | -62.6% |
| ROE | — | 22.3% | 26.8% | 227.6% | 116% | 115.8% | 205.8% |
| ROA | — | -76.2% | -214.5% | -229.5% | -125.3% | -111% | -36.8% |
| ROIC | — | 15% | 19.8% | 149.9% | 335.2% | 135.7% | 574.3% |
| Return on tangible assets | — | -77.9% | -222.7% | -240% | -125.3% | -111% | -45.2% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Current ratio | — | 5.51 | 0.53 | 1.42 | 2.02 | 2.8 | 5.35 |
| Quick ratio | — | 5.31 | 0.49 | 1.25 | 1.63 | 2.54 | 4.97 |
| Debt / equity | — | 0 | -0.01 | -0.06 | -0.91 | -1.02 | 5.26 |
| Debt / assets | — | 0 | 0.09 | 0.06 | 0.99 | 0.97 | 0.55 |
| Net debt / EBITDA | — | 1.33 | 0.17 | 0.18 | -0.43 | -0.53 | 0.41 |
| Interest coverage | — | -15.4 | -47.2K | -3.7K | -8.72 | -6.07 | -3.83 |
| Effective tax rate | — | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Revenue per share | — | 27.1 | 40 | 1.97 | 1.16 | 1.19 | 0.9 |
| EPS (basic) | — | -93.2 | -161.6 | -6.73 | -1.31 | -1.84 | -1.84 |
| EPS (diluted) | — | -93.2 | -161.6 | -6.73 | -1.31 | -1.84 | -1.35 |
| Book value per share | — | -418.6 | -569.5 | -2.76 | -1.02 | -0.89 | 0.11 |
| FCF per share | — | -77.4 | -106.9 | -5.45 | -1.63 | -0.5 | -0.4 |
| Cash per share | — | 97.9 | 30.4 | 1.25 | 0.34 | 0.54 | 0.75 |
| Capex per share | — | 3.54 | 2.12 | 0.06 | 0.01 | — | — |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Capex / revenue | — | 13.1% | 5.28% | 3.18% | 1.17% | — | — |
| Capex / operating cash flow | — | -5.38% | -2.03% | -0.95% | -0.83% | — | — |
| Payout ratio | — | — | — | — | — | — | 0% |
| $8.4M |
| — |
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $5.2M | $5.7M | $6.5M | $7.4M | $7.3M | $8.3M | $9.2M | $11.2M | $11.6M | $13.2M | $8.9M | $11.4M |
| YoY change | +32.4% | +77.3% | +116.4% | +59.7% | +41.5% | +44.4% | +42% | +52.3% | +57.4% | +59.8% | -2.92% | +1.73% |
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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Cash & short-term investments | 1.3M | 30.3M | 9.4M | 11.8M | 8.5M | 20.4M |
| Receivables | — | 1.4M | 1.6M | 3.6M | 5.1M | 6.6M |
| Inventory | — | 1.3M | 1.5M | 2.5M | 4M | 3.1M |
| Total current assets | 2M | 35.1M | 17.2M | 20.9M | 20.7M | 32.2M |
| Property, plant & equipment | — | 1.8M | 3.6M | 3.3M | 2.9M | 2.7M |
| Goodwill & intangibles | — | 794K | 802K | 1.1M | — | — |
| Total assets | 252M | 37.8M | 22M | 25.7M | 24M | 35.3M |
| Accounts payable | — | 1.3M | 4.9M | 3.4M | 2.3M | 3M |
| Short-term debt | — | — | 370K | 351K | 216K | 167K |
| Total current liabilities | 103.2K | 6.4M | 32.4M | 14.7M | 10.2M | 11.5M |
| Long-term debt | — | 0 | 1.6M | 1.2M | 23.4M | 34.3M |
| Total liabilities | 8.9M | 167.4M | 198.3M | 51.7M | 49.9M | 69.2M |
| Shareholders' equity | 243.2M | -129.6M | -176.3M | -25.9M | -25.9M | -33.9M |
| Total debt | — | 0 | 2M | 1.6M | 23.6M | 34.4M |
| Net debt | — | -30.3M | -7.5M | -10.2M | 15.1M | 14M |
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 | 21.4M | 11.8M | 4M | 16.5M | 11.3M | 8.5M | 13M | 26.5M | 22.7M | 20.4M | 56.6M | 46.3M |
| Receivables | 3.1M | 3.6M | 4.3M | 4.7M | 4.9M | 5.1M | 5.5M | 5.6M | 5M | 6.6M | 5.2M | 6.5M |
| Inventory | 1.6M | 2.5M | 2.9M | 3.4M | 4M | 4M | 4.2M | 3.8M | 3.3M | 3.1M | 3.8M | 4.2M |
| Total current assets | 29M | 20.9M | 13.2M | 27.9M | 23.8M | 20.7M | 25.1M | 38.1M | 33.3M | 32.2M | 68.1M | 59.7M |
| Property, plant & equipment | 3.1M | 3.3M | 3.2M | 3M | 3.2M | 2.9M | 3.1M | 2.8M | 2.7M | 2.7M | 2.8M | 2.6M |
| Goodwill & intangibles | 997K | 1.1M | 1.1M | 1.1M | — | — | — | — | — | — | — | — |
| Total assets | 33.6M | 25.7M | 17.9M | 32.4M | 27.5M | 24M | 28.6M | 41.3M | 36.5M | 35.3M | 71M | 62.4M |
| Accounts payable | 1.9M | 3.4M | 2.3M | 2M | 1.4M | 2.3M | 2.8M | 1.9M | 3.8M | 3M | 4.2M | 3.8M |
| Short-term debt | 379K | 351K | 363K | 323K | 266K | 216K | 118K | 123K | 129K | 167K | 218K | 244K |
| Total current liabilities | 9.3M | 14.7M | 14.4M | 12M | 9.9M | 10.2M | 11.8M | 9.3M | 10.9M | 11.5M | 11.8M | 11.2M |
| Long-term debt | 1.3M | 1.2M | 1.2M | 22.4M | 23.2M | 23.4M | 33M | 33.5M | 34M | 34.3M | 34.3M | 34.2M |
| Total liabilities | 25.1M | 51.7M | 52.8M | 56.6M | 47.9M | 49.9M | 63M | 60.7M | 63.2M | 69.2M | 58.2M | 55.9M |
| Shareholders' equity | 8.5M | -25.9M | -34.9M | -24.1M | -20.4M | -25.9M | -34.4M | -19.4M | -26.7M | -33.9M | 12.8M | 6.5M |
| Total debt | 1.7M | 1.6M | 1.6M | 22.8M | 23.4M | 23.6M | 33.1M | 33.7M | 34.1M | 34.4M | 34.5M | 34.4M |
| Net debt | -19.7M | -10.2M | -2.4M | 6.3M | 12.2M | 15.1M | 20.1M | 7.2M | 11.4M | 14M | -22.1M | -11.9M |
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 | -28.8M | -47.2M | -59M | -30M | -39.2M |
| Depreciation & amortization | 464K | 398K | 702K | 744K | 626K |
| Stock-based compensation | 109K | 368K | 1.4M | 5.4M | 9.1M |
| Change in working capital | 1.7M | 4.9M | -292K | -7.9M | -797K |
| Operating cash flow | -20.4M | -32.2M | -62.2M | -41.5M | -18M |
| Capital expenditure | -1.1M | -655K | -588K | -345K | — |
| Investing cash flow | -2.1M | -1.7M | -1.6M | -345K | — |
| Dividends paid | — | — | — | — | — |
| Share repurchases | — | — | — | — | — |
| Financing cash flow | 50.7M | 13.4M | 44.8M | 37.9M | 29.9M |
| Net change in cash | 28.2M | -20.5M | -18.9M | -4M | 11.8M |
| Free cash flow | -24M | -33.1M | -51.2M | -41.2M | -18.9M |
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 | -1.5M | -35.5M | -13.2M | -4.3M | -2.4M | -10.1M | -10.4M | -8.3M | -10.8M | -9.8M | 1.5M | -9.2M |
| Depreciation & amortization | 156K | 202K | 188K | 207K | 182K | 193K | 172K | 165K | 163K | 126K | 135K | 136K |
| Stock-based compensation | 260K | 1M | 1.1M | 1.3M | 1.4M | 1.7M | 1.6M | 1.9M | 3.4M | 2.2M | 2.5M | 2.6M |
| Change in working capital | -1.3M | 4.3M | -1.5M | -1M | -830K | -449K | 1.1M | 156K | 1M | -1.4M | 719K | -1.7M |
| Operating cash flow | -19.6M | -20.2M | -9.4M | -17.1M | -3.5M | -7.4M | -6M | -7.3M | -3.7M | -2.5M | -6.5M | -10.1M |
| Capital expenditure | -178K | -372K | -66K | -60K | -169K | -50K | -714K | — | — | — | — | — |
| Investing cash flow | -178K | -372K | -66K | -60K | -169K | -50K | -714K | — | — | — | — | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 9.6M | -9.7M | 3.1M | 28.6M | 5.8M | 2.9M | 9.4M | 20.7M | -6K | -214K | 42.4M | -71K |
| Net change in cash | -10.2M | -30.3M | -6.3M | 11.4M | 2.1M | -4.5M | 2.7M | 13.3M | -3.7M | -2.7M | 35.9M | -10.2M |
| Free cash flow | -21.8M | -9.5M | -10.9M | -13.5M | -11M | -5.8M | -5.3M | -7.2M | -3.9M | -2.5M | -6.6M | -10.2M |