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 | -$1.04 | -$1.01 | +2.9% | — | $898K | — |
| Q1 26 | -$1.02 | -$0.95 | +6.9% | — | $875K | — |
| Q4 25 | -$1.16 | -$0.94 | +19.0% | — | $1.3M | — |
| Q2 25 | -$0.86 | -$1.04 | -20.9% | — | $1.9M | — |
| Q1 25 | -$0.77 | -$0.42 | +45.5% | — | $20.6M | — |
| Q4 24 | -$0.66 | $0.03 | +104.5% | — | $37.4M | — |
| Q3 24 | -$0.62 | -$0.35 | +43.5% | — | $19.6M | — |
| Q2 24 | $0.33 | $1.55 | +369.7% | — | $94.7M | — |
| Q1 24 | -$0.47 | $0.68 | +244.7% | — | $59.1M | — |
| Q4 23 | -$0.14 | -$0.28 | -100.0% | — | $41.8M | — |
| Q3 23 | -$0.63 | $1.02 | +261.9% | — | $43.7M | — |
| Q2 23 | -$0.6 | -$0.78 | -30.0% | — | $18.2M | — |
| Q1 23 | -$0.84 | -$0.21 | +75.0% | — | $25.3M | — |
| Q4 22 | -$0.83 | -$0.78 | +6.0% | — | $0 | — |
| Q3 22 | -$0.77 | -$0.8 | -3.9% | — | $0 | — |
| Q2 22 | -$0.73 | -$0.74 | -1.4% | — | $0 | — |
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 | — | -$3.47 | — | — | $25.4M | — |
| FY24 | — | $1.76 | — | — | $210.8M | — |
| FY23 | — | -$0.2 | — | — | $129M | — |
| FY22 | — | -$3.02 | — | — | $0 | — |
| FY21 | — | -$8.16 |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $129M | $210.8M | $25.4M |
| YoY change | — | 0% | 0% | 0% | +InfinityT% | +63.4% | -87.9% |
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 |
|---|
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 129M | 210.8M | 25.4M |
| Cost of revenue | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — |
| Research & development | 8.2M | 21.1M | 35.9M | 66.6M | 99.9M | 125.3M | 142.3M |
| Selling, general & administrative | 3.6M | 5.6M | 15.2M | 30.6M | 32.3M | 38.5M | 41M |
| Operating expenses | 11.8M | 26.7M | 51.1M | 97.2M | 132.2M | 163.8M | 183.3M |
| Operating income | -11.8M | -26.7M | -51.1M | -97.2M | -3.2M | 47M | -157.9M |
| Operating margin | — | — | — | — | -2.45% | 22.3% | -621.1% |
| Non-operating income, net | 6.3M | — | — | — | — | — | — |
| Pretax income | -5.1M | -26.5M | -51.2M | -94.6M | 12.1M | 66.5M | -142.8M |
| Income tax | — | — | — | 0 | 18.7M | 859K | 924K |
| Net income | -5.1M | -26.5M | -51.2M | -94.6M | -6.7M | 65.6M | -143.8M |
| Net margin | — | — | — | — | -5.18% | 31.1% | -565.5% |
| EBITDA | -11.7M | -26.3M | -50M | -95.4M | -321K | 50.8M | -153.8M |
| EPS | -0.4 | -1.3 | -8.16 | -3.02 | -0.2 | 1.76 | -3.47 |
| Diluted EPS | -0.4 | -1.3 | -8.16 | -3.02 | -0.2 | 1.68 | -3.47 |
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 | 43.7M | 41.8M | 59.1M | 94.7M | 19.6M | 37.4M | 20.6M | 1.9M | 1.6M | 1.3M | 875K | 898K |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Research & development | 22.2M | 28.3M | 28.6M | 32M | 31.3M | 33.4M | 32.1M | 37.9M | 38.4M | 34M | 33.1M | 35.4M |
| Selling, general & administrative | 7.5M | 8.7M | 9.4M | 9.2M | 10M | 9.9M | 10.3M | 10.9M | 10.3M | 9.6M | 10.1M | 10.5M |
| Operating expenses | 29.7M | 36.9M | 38M | 41.3M | 41.2M | 43.3M | 42.3M | 48.8M | 48.7M | 43.5M | 43.2M | 45.9M |
| Operating income | 14M | 4.9M | 21.1M | 53.4M | -21.7M | -5.9M | -21.8M | -46.8M | -47.1M | -42.2M | -42.3M | -45M |
| Operating margin | 32% | 11.7% | 35.7% | 56.4% | -110.7% | -15.7% | -106% | -2.4K% | -2.9K% | -3.2K% | -4.8K% | -5K% |
| Non-operating income, net | — | — | — | — | — | — | — | — | — | — | — | — |
| Pretax income | 18.1M | 9.2M | 25.3M | 57.8M | -15.9M | -739K | -17.3M | -42.9M | -43.5M | -39.1M | -39.7M | -42.7M |
| Income tax | -17.4M | 18.7M | 1.8M | 2.8M | -1.9M | -1.9M | 0 | 178K | 654K | 92K | 38K | 35K |
| Net income | 35.5M | -9.5M | 23.5M | 55M | -14M | 1.1M | -17.3M | -43.1M | -44.1M | -39.2M | -39.7M | -42.8M |
| Net margin | 81.1% | -22.8% | 39.7% | 58.1% | -71.7% | 3.02% | -84.4% | -2.2K% | -2.7K% | -3K% | -4.5K% | -4.8K% |
| EBITDA | 14.8M | 5.6M | 22M | 54.3M | -20.7M | -4.9M | -20.8M | -45.8M | -45.8M | -41.3M | -41.5M | -44.1M |
| EPS | 1.07 | — | 0.7 | 1.61 | -0.35 | 0.03 | -0.42 | -1.04 | -1.06 | -0.94 | -0.95 | -1.01 |
| Diluted EPS | 1.02 | — | 0.68 | 1.55 | -0.35 | 0.03 | -0.42 | -1.04 | -1.06 | -0.94 | -0.95 | -1.01 |
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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Market cap | — | — | — | — | 498.7M | — | — | 242.2M |
| Enterprise value | — | — | — | — | 215M | — | — | 47.7M |
| Shares outstanding | 12.9M | 20.5M | 6.3M | 31.3M | 33.1M | 37.3M | 41.4M | 41.4M |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | 10.1 |
| P/S | — | — | — | — | 3.87 | — | — | 51.2 |
| P/B | — | — | — | — | 2.06 | — | — | 0.95 |
| EV/EBITDA | — | — | — | — | -669.8 | — | — | -0.28 |
| EV/Sales | — | — | — | — | 1.67 | — | — | 10.2 |
| Earnings yield | — | — | — | — | — | — | — | 9.95% |
| FCF yield | — | — | — | — | 26.9% | — | — | -32.1% |
| PEG | — | — | — | — | — | — | — | -3.48 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | -2.45% | 22.3% | -621.1% | -5K% |
| Net margin | — | — | — | — | -5.18% | 31.1% | -565.5% | 0% |
| ROE | 32.9% | 63.9% | -17.1% | -44.5% | -2.76% | 15.3% | -47% | -54.1% |
| ROA | -28% | -60.9% | -16.7% | -37.5% | -1.42% | 12.5% | -38.1% | -29.2% |
| ROIC | — | — | — | -195.4% | 0% | 68.4% | -257.3% | -299.4% |
| Return on tangible assets | -28% | -60.9% | -16.7% | -37.5% | -1.42% | 12.5% | -38.1% | -55.5% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Current ratio | 9.08 | 11.9 | 44.5 | 9.55 | 2.33 | 11.1 | 12.5 | 10.9 |
| Quick ratio | 9.08 | 11.9 | 44.5 | 9.55 | 2.33 | 11.1 | 12.5 | 10.9 |
| Debt / equity | — | — | 0 | 0.12 | 0.28 | 0.14 | 0.17 | 0.21 |
| Debt / assets | — | — | 0 | 0.1 | 0.15 | 0.11 | 0.13 | 0.16 |
| Net debt / EBITDA | — | — | 5.82 | 1.71 | 883.9 | -7.1 | 1.59 | 1.01 |
| Effective tax rate | — | — | — | 0% | 100% | 1.29% | 0% | 0% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 0 | 0 | 3.9 | 5.65 | 0.61 | 0.11 |
| EPS (basic) | -0.4 | -1.3 | -8.16 | -3.02 | -0.2 | 1.76 | -3.47 | -3.47 |
| EPS (diluted) | -0.4 | -1.3 | -8.16 | -3.02 | -0.2 | 1.68 | -3.47 | -3.96 |
| Book value per share | -1.2 | -2.03 | 47.7 | 6.79 | 7.33 | 11.5 | 7.4 | 6.47 |
| FCF per share | -0.89 | -1.36 | -8.85 | -3.09 | 4.06 | -1.2 | -3.13 | -3.18 |
| Cash per share | 1.31 | 1.91 | 46.4 | 6.03 | 10.6 | 11.3 | 7.15 | 6.18 |
| Capex per share | 0.05 | 0.11 | 0.73 | 0.09 | 0.17 | 0.08 | — | — |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Capex / revenue | — | — | — | — | 4.35% | 1.5% | — | — |
| Capex / operating cash flow | -5.98% | -8.96% | -9.51% | -3.53% | 4.35% | -12.4% | — | — |
| Payout ratio | — | — | — | — | — | — | — | 0% |
| — |
| — |
| $0 |
| — |
| FY20 | — | -$1.3 | — | — | $0 | — |
| FY19 | — | -$0.4 | — | — | $0 | — |
| Q2 24 |
|---|
| Q3 24 |
|---|
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $43.7M | $41.8M | $59.1M | $94.7M | $19.6M | $37.4M | $20.6M | $1.9M | $1.6M | $1.3M | $875K | $898K |
| YoY change | +InfinityT% | +InfinityT% | +134% | +421.2% | -55.3% | -10.6% | -65.2% | -97.9% | -91.8% | -96.5% | -95.7% | -53.9% |
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 | 16.8M | 39M | 291.1M | 188.7M | 352M | 420M | 295.7M |
| Receivables | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — |
| Total current assets | 17.4M | 39.9M | 298.7M | 209.9M | 369.8M | 440M | 306.3M |
| Property, plant & equipment | 801K | 3M | 6.3M | 33M | 92.7M | 82M | 67.8M |
| Goodwill & intangibles | — | — | — | — | — | — | — |
| Total assets | 18.2M | 43.5M | 305.8M | 252.1M | 469.2M | 526.3M | 377.4M |
| Accounts payable | 710K | 1.6M | 706K | 6M | 3.3M | 4.3M | 2.3M |
| Short-term debt | — | — | — | 8.4M | 7.9M | 7.6M | 4.1M |
| Total current liabilities | 1.9M | 3.4M | 6.7M | 22M | 158.8M | 39.5M | 24.5M |
| Long-term debt | — | — | 0 | 17.5M | 60.3M | 51.6M | 46.8M |
| Total liabilities | 33.8M | 85M | 7.1M | 39.5M | 226.8M | 97.6M | 71.2M |
| Shareholders' equity | -15.5M | -41.5M | 298.7M | 212.6M | 242.4M | 428.7M | 306.1M |
| Total debt | — | — | 0 | 25.9M | 68.2M | 59.2M | 50.9M |
| Net debt | — | — | -291.1M | -19.2M | 628K | -42M | -39.5M |
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 | 353.6M | 352M | 327.4M | 469.7M | 449.3M | 420M | 382.5M | 354M | 326.8M | 295.7M | 76.4M | 223M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 383M | 369.8M | 414.2M | 489.5M | 465.3M | 440M | 403.2M | 369.1M | 338.3M | 306.3M | 266.9M | 232.7M |
| Property, plant & equipment | 11M | 92.7M | 11M | 87.7M | 84.6M | 82M | 79.1M | 75.5M | 70.5M | 67.8M | 187K | 62.8M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 485M | 469.2M | 510.8M | 582M | 554.6M | 526.3M | 486.5M | 448.8M | 412.9M | 377.4M | 335.5M | 298.9M |
| Accounts payable | 752K | 3.3M | 2.5M | 1.6M | 1.3M | 4.3M | 2.2M | 1.9M | 3.2M | 2.3M | 2.9M | 3.7M |
| Short-term debt | 6.6M | 7.9M | 8.3M | 8.6M | 7.7M | 7.6M | 6.5M | 5.5M | 4.3M | 4.1M | — | 4.4M |
| Total current liabilities | 165.4M | 158.8M | 173.9M | 85.8M | 70.6M | 39.5M | 18.4M | 19.8M | 24M | 24.5M | 19.2M | 21.4M |
| Long-term debt | 62.4M | 60.3M | 58.1M | 55.9M | 53.6M | 51.6M | 50.5M | 49.3M | 48M | 46.8M | 45.5M | 44.1M |
| Total liabilities | 238.4M | 226.8M | 241.5M | 152M | 132.1M | 97.6M | 69.2M | 69.3M | 72.2M | 71.2M | 64.7M | 65.5M |
| Shareholders' equity | 246.7M | 242.4M | 269.4M | 429.9M | 422.4M | 428.7M | 417.3M | 379.5M | 340.7M | 306.1M | 270.9M | 233.4M |
| Total debt | 69.1M | 68.2M | 66.4M | 64.4M | 61.3M | 59.2M | 57M | 54.7M | 52.4M | 50.9M | 45.5M | 48.5M |
| Net debt | 17.2M | 628K | -2M | -120.8M | -16.7M | -42M | -10.8M | -17.7M | -40.9M | -39.5M | -31M | -50.7M |
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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Net income | -5.1M | -26.5M | -51.2M | -94.6M | -6.7M | 65.6M | -143.8M |
| Depreciation & amortization | 104K | 326K | 1.1M | 1.9M | 2.8M | 3.8M | 4.1M |
| Stock-based compensation | 294K | 325K | 2.5M | 9.9M | 13.1M | 17.9M | 19.6M |
| Change in working capital | 442K | 15K | -650K | 1.1M | 119.9M | -112.8M | -16.5M |
| Operating cash flow | -10.5M | -25.9M | -48.2M | -81.7M | 129.1M | -25.5M | -128.5M |
| Capital expenditure | -630K | -2.3M | -4.6M | -2.9M | -5.6M | -3.2M | — |
| Investing cash flow | -630K | -2.3M | -4.6M | -148.7M | -138.4M | -27.8M | 117.8M |
| Dividends paid | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — |
| Financing cash flow | 0 | 49.8M | 306.5M | 0 | 19.4M | 99.6M | 0 |
| Net change in cash | -11.2M | 21.7M | 253.8M | -230.3M | 10.1M | 46.4M | -10.7M |
| Free cash flow | -11.4M | -27.9M | -55.4M | -96.7M | 134.2M | -44.7M | -129.6M |
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 | 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 | 35.5M | -9.5M | 23.5M | 55M | -14M | 1.1M | -17.3M | -43.1M | -44.1M | -39.2M | -39.7M | -42.8M |
| Depreciation & amortization | 834K | 736K | 934K | 910K | 937K | 992K | 946K | 1M | 1.2M | 886K | 805K | 841K |
| Stock-based compensation | 3.4M | 3.8M | 3.7M | 4.6M | 4.9M | 4.7M | 5.1M | 5M | 5.1M | 4.4M | 4.7M | 5.2M |
| Change in working capital | -43M | -15.5M | -53.6M | -15.5M | -12.7M | -30.9M | -18.3M | 301K | 2.1M | -684K | 1.4M | 1.2M |
| Operating cash flow | -3.3M | -20.5M | -25.5M | 45.1M | -21M | -24.1M | -29.6M | -29.5M | -28.3M | -32.2M | -41.7M | -32.5M |
| Capital expenditure | -1.4M | -976K | -838K | -1M | -639K | -635K | -1.1M | — | — | — | — | — |
| Investing cash flow | -3.7M | 19M | 26.1M | -24.4M | -82.9M | 53.4M | 4.8M | 34.1M | 48.9M | 28.9M | 27M | 55M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 0 | 0 | 0 | 100M | -392K | 0 | — | — | 0 | 0 | — | — |
| Net change in cash | -7M | -1.5M | 676K | 120.7M | -104.3M | 29.2M | -24.8M | 4.6M | 20.6M | -3.3M | -14.7M | 22.5M |
| Free cash flow | -25.9M | -5M | -26.4M | 38.8M | -24.9M | -32.2M | -39.7M | -29.8M | -28.1M | -32M | -41.7M | -32.5M |