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 23 | — | -$0.08 | — | — | — | — |
| Q3 23 | — | -$0.32 | — | — | -$53K | — |
| Q2 23 | -$0.07 | -$0.24 | -242.9% | — | $437K | — |
| Q1 23 | $0.06 | -$0.37 | -716.7% | — | $416K | — |
| Q3 22 | -$0.57 | -$3.13 | -449.1% | — | $354K | — |
| Q2 22 | -$3.04 | $12.4 | +507.6% | — | $348K | — |
| Q1 22 | -$4 | -$5.69 | -42.3% | — | $695K | — |
| Q4 21 | -$3.83 | -$5 | -30.5% | — | $18.7M | — |
| Q3 21 | -$5 | -$5.5 | -10.0% | — | $25.4M | — |
| Q2 21 | -$5.5 | -$5.5 | 0.0% | — | $23M | — |
| Q1 21 | -$5.8 | -$5.5 | +5.2% | — | $19.9M | — |
| Q4 20 | -$5.25 | -$7.5 | -42.9% | — | $22.6M | — |
| Q3 20 | -$6.7 | -$6 | +10.4% | — | $19.3M | — |
| Q2 20 | -$8.17 | -$9.5 | -16.3% | — | $10.7M | — |
| Q1 20 | -$9.3 | -$10.5 | -12.9% | — | $12.3M | — |
| Q4 19 | -$9.44 | -$9.5 | -0.6% | — | $15.9M | — |
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 | — | -$0.05 | — | — | $3M | — |
| FY24 | — | -$0.19 | — | — | $1.8M | — |
| FY23 | — | -$0.98 | — | — | — | — |
| FY22 | — | $12.4 | — | — | $70M | — |
| 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 | $19.4M | $16.8M | $16.1M | $49.6M | $64.9M | $2.6M | $70M | — | $1.8M | $3M |
| YoY change | -3.9% | -13.3% | -4.04% | +208.4% | +30.7% | -96% | +2.6K% | — | — | +71.6% |
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 | 19.4M | 16.8M | 16.1M | 49.6M | 64.9M | 2.6M | 70M | — | 1.8M | 3M |
| Cost of revenue | 4.2M | 2.6M | 2.7M | 6.3M | 16M | 1.4M | 1.4M | — | — | — |
| Gross profit | 15.2M | 14.1M | 13.4M | 43.3M | 48.9M | 1.2M | 68.6M | — | — | — |
| Gross margin | 78.4% | 84.3% | 83% | 87.2% | 75.4% | 45.5% | 98% | — | — | — |
| Research & development | 53.9M | 33.9M | 27.3M | 19.8M | 10.4M | 0 | 0 | — | — | — |
| Selling, general & administrative | 51.3M | 57.7M | 116M | 174.7M | 194M | 80.7M | 56.7M | — | 4.7M | 6.9M |
| Operating expenses | 105.3M | 91.6M | 143.3M | 194.5M | 204.4M | 80.7M | 56.7M | — | 4.7M | 6.9M |
| Operating income | -90.3M | -77.6M | -130.2M | -151.2M | -155.5M | -79.6M | 10.7M | — | -3.5M | -4.2M |
| Operating margin | -466.3% | -462.7% | -808.8% | -304.6% | -239.8% | -3.1K% | 15.2% | — | -198.3% | -139.4% |
| Non-operating income, net | 367.3K | 695.6K | 2.3M | -7.6M | 598K | 272K | -9.6M | — | 1.1M | 3.4M |
| Pretax income | -89.9M | -76.9M | -132.6M | -176.1M | -183.5M | -79.3M | 1.1M | — | -2.3M | -653K |
| Income tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — | -31K | 0 |
| Net income | -89.9M | -76.9M | -132.6M | -176.1M | -183.5M | -172.4M | 112M | — | -2.2M | -569K |
| Net margin | -464.3% | -458.5% | -823.7% | -354.8% | -282.9% | -6.7K% | 160.1% | — | -123.9% | -18.8% |
| EBITDA | -89.7M | -76.7M | -127.6M | -148.2M | -153.4M | -78.8M | 21.3M | — | -1.7M | -2.8M |
| EPS | -23 | -18.5 | -29.5 | -36 | -33.5 | -21.5 | 12.4 | -0.98 | -0.19 | -0.05 |
| Diluted EPS | -23 | -18.5 | -29.5 | -36 | -33.5 | -21.5 | 12 | -0.98 | -0.19 | -0.05 |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | Q2 23 | Q3 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 437K | -53K | 313K | 234K | 547K | 667K | 393K | 952K | 784K | 893K | 724K | — |
| Cost of revenue | 0 | 0 | — | — | — | — | — | — | — | — | — | — |
| Gross profit | 437K | -53K | — | 234K | 547K | — | — | — | — | — | — | — |
| Gross margin | 100% | 100% | — | 100% | 100% | — | — | — | — | — | — | — |
| Research & development | — | — | — | — | — | — | — | — | — | — | — | — |
| Selling, general & administrative | 2.8M | 1.6M | 1.3M | 1.2M | 1.3M | 879K | 1.1M | 1.6M | 1.5M | 2.3M | 1.4M | — |
| Operating expenses | 2.8M | 1.6M | 1.3M | 1.2M | 1.3M | 879K | 1.1M | 1.6M | 1.5M | 2.3M | 1.4M | — |
| Operating income | -2.5M | -1.8M | -1.1M | -1.2M | -859K | -312K | -783K | -695K | -830K | -1.5M | -723K | — |
| Operating margin | -565.7% | 3.3K% | -364.9% | -503.8% | -157% | -46.8% | -199.2% | -73% | -105.9% | -167.5% | -99.9% | — |
| Non-operating income, net | 103K | 359K | 333K | 134K | 295K | 387K | 117K | 1.2M | 883K | 767K | 785K | — |
| Pretax income | -2.4M | -1.4M | -809K | -1.1M | -567K | 83K | -668K | 545K | 50K | -580K | 103K | — |
| Income tax | 0 | 0 | 0 | 0 | 0 | -31K | -32K | 0 | 0 | 32K | 0 | — |
| Net income | -2.4M | -3.4M | -734K | -1.1M | -609K | 252K | -653K | 551K | 152K | -619K | 95K | — |
| Net margin | -552.4% | 6.4K% | -234.5% | -465.8% | -111.3% | 37.8% | -166.2% | 57.9% | 19.4% | -69.3% | 13.1% | — |
| EBITDA | -2.2M | -1.3M | -676K | 396K | -468K | -967K | -483K | 643K | 181K | -3.2M | -629K | — |
| EPS | -0.24 | -0.32 | -0.06 | -0.09 | -0.05 | — | -0.06 | 0.05 | 0.01 | — | 0.01 | 0.01 |
| Diluted EPS | -0.24 | -0.32 | -0.06 | -0.09 | -0.05 | — | -0.06 | 0.05 | 0.01 | — | 0.01 | 0.01 |
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 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market cap | — | 1.2B | 857.4M | 596.2M | — | — | — | — | — | 18.9M | 25.9M |
| Enterprise value | — | 1.1B | 769.1M | 640.6M | — | — | — | — | — | 17.5M | 22.5M |
| Shares outstanding | 3.9M | 4.1M | 4.5M | 4.9M | 5.5M | 8M | 9M | 10.4M | 11.5M | 11.6M | 11.6M |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | — | — | — | 207 |
| P/S | — | 74 | 53.3 | 12 | — | — | — | — | — | 6.24 | 8 |
| P/B | — | 9.56 | 8.79 | 64.8 | — | — | — | — | — | 0.7 | 0.97 |
| EV/EBITDA | — | -14.5 | -6.03 | -4.32 | — | — | — | — | — | -6.14 | -16.5 |
| EV/Sales | — | 66.4 | 47.8 | 12.9 | — | — | — | — | — | 5.78 | 6.89 |
| Earnings yield | — | — | — | — | — | — | — | — | — | — | 0.48% |
| FCF yield | — | -6.2% | -14.9% | -31.8% | — | — | — | — | — | 13% | 3.46% |
| PEG | — | — | — | — | — | — | — | — | — | — | -1.77 |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin | 78.4% | 84.3% | 83% | 87.2% | 75.4% | 45.5% | 98% | — | — | — | — |
| Operating margin | -466.3% | -462.7% | -808.8% | -304.6% | -239.8% | -3.1K% | 15.2% | — | -198.3% | -139.4% | -32.2% |
| Net margin | -464.3% | -458.5% | -823.7% | -354.8% | -282.9% | -6.7K% | 160.1% | — | -123.9% | -18.8% | -6.64% |
| ROE | -70.5% | -59.2% | -136% | -1.9K% | 148% | 184.2% | 318.7% | — | -7.97% | -2.12% | -1.08% |
| ROA | -63.1% | -53.7% | -62.6% | -66.2% | -101.1% | -101.7% | 123.8% | — | -5.62% | -1.51% | -2.88% |
| ROIC | 2.2K% | -2.8K% | -1.4K% | -281.8% | -352.4% | -203.2% | 182.7% | — | -11.8% | -16.5% | -11.2% |
| Return on tangible assets | -65.3% | -56.1% | -81% | -99.5% | -185.9% | -111.1% | 146.3% | — | -7.23% | -1.89% | 0.59% |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 9.3 | 10.5 | 4.55 | 3.93 | 2.17 | 0.47 | 1.18 | — | 2.37 | 3.02 | 3.22 |
| Quick ratio | 9.23 | 10.4 | 4.47 | 3.71 | 2.03 | 0.44 | 1.18 | — | 2.37 | 3.02 | 3.11 |
| Debt / equity | — | — | 0.75 | 22.3 | -2.01 | -2.11 | 0.25 | — | 0.26 | 0.23 | 0.2 |
| Debt / assets | — | — | 0.35 | 0.77 | 1.37 | 1.17 | 0.1 | — | 0.18 | 0.16 | 0.16 |
| Net debt / EBITDA | — | — | 0.69 | -0.3 | -1.1 | -1.68 | -1.37 | — | -1.23 | 0.49 | 0.87 |
| Interest coverage | — | — | -27.4 | -9.66 | -6.05 | -3.53 | — | — | — | — | — |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — | 0% | 0% | 27.1% |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | 4.94 | 4.08 | 3.58 | 10.1 | 11.8 | 0.32 | 7.75 | — | 0.15 | 0.26 | 0.28 |
| EPS (basic) | -23 | -18.5 | -29.5 | -36 | -33.5 | -21.5 | 12.4 | -0.98 | -0.19 | -0.05 | -0.05 |
| EPS (diluted) | -23 | -18.5 | -29.5 | -36 | -33.5 | -21.5 | 12 | -0.98 | -0.19 | -0.05 | -0.03 |
| Book value per share | 32.5 | 31.6 | 21.7 | 1.87 | -22.5 | -11.8 | 3.89 | — | 2.37 | 2.32 | 2.33 |
| FCF per share | -17.9 | -18.7 | -28.5 | -38.5 | -29.2 | -18.2 | 1 | — | 0.1 | 0.21 | 0.23 |
| Cash per share | 33.5 | 30.9 | 35.9 | 32.6 | 14.6 | 8.15 | 4.22 | — | 0.44 | 0.65 | 0.79 |
| Capex per share | 0.1 | 0.02 | 0.05 | 0.5 | 0.04 | 0 | 0 | — | — | — | — |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Capex / revenue | 2.05% | 0.37% | 1.35% | 4.93% | 0.32% | 1.32% | 0% | — | — | — | — |
| Capex / operating cash flow | -0.55% | -0.08% | -0.19% | -1.29% | -0.13% | -0.05% | 0% | — | — | — | — |
| Payout ratio | — | — | — | — | — | — | — | — | — | — | 0% |
| — |
| -$21.5 |
| — |
| — |
| $2.6M |
| — |
| FY20 | — | -$33.5 | — | — | $64.9M | — |
| FY19 | — | -$36 | — | — | $49.6M | — |
| FY18 | — | -$29.5 | — | — | $16.1M | — |
| FY17 | — | -$18.5 | — | — | $16.8M | — |
| FY16 | — | -$23 | — | — | $19.4M | — |
| Period | Q2 23 | Q3 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $437K | -$53K | $313K | $234K | $547K | $667K | $393K | $952K | $784K | $893K | $724K | — |
| YoY change | +25.6% | -115% | -24.8% | -46.5% | +1.1K% | — | +25.6% | +306.8% | +43.3% | +33.9% | +84.2% | — |
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 | 131.5M | 127.1M | 161.6M | 160.8M | 80.5M | 64.9M | 38.1M | — | 5.1M | 7.5M |
| Receivables | 4.5M | 4.3M | 11.1M | 24.4M | 32.4M | 36.2M | — | — | — | — |
| Inventory | 1.1M | 1.5M | 3.3M | 11.9M | 8M | 7.6M | — | — | — | — |
| Total current assets | 139.4M | 139.6M | 186.8M | 208.4M | 128.4M | 119.5M | 55.4M | — | 12.3M | 14.4M |
| Property, plant & equipment | 516.8K | 437.1K | 472.7K | 12.6M | 11.5M | 9.1M | 7.7M | — | 6.1M | 5.3M |
| Goodwill & intangibles | 4.8M | 6.2M | 48.2M | 89M | 82.9M | 14.3M | 13.9M | — | 8.6M | 7.5M |
| Total assets | 142.5M | 143.2M | 212M | 266M | 181.6M | 169.5M | 90.5M | — | 38.8M | 37.7M |
| Accounts payable | 7.4M | 4.1M | 22.7M | 19.2M | 21.1M | 3.4M | 2.2M | — | 258K | 377K |
| Short-term debt | — | — | — | 1.5M | 2.3M | 189.6M | 1.4M | — | 1.6M | 975K |
| Total current liabilities | 15M | 13.3M | 41.1M | 53M | 59.2M | 252.9M | 46.8M | — | 5.2M | 4.8M |
| Long-term debt | — | — | 73.4M | 203.8M | 246.4M | 8.1M | 7.4M | — | 5.5M | 5.1M |
| Total liabilities | 15M | 13.3M | 114.5M | 256.8M | 305.6M | 263.1M | 55.3M | — | 11.5M | 10.8M |
| Shareholders' equity | 127.5M | 129.9M | 97.5M | 9.2M | -124M | -93.6M | 35.1M | — | 27.4M | 26.9M |
| Total debt | — | — | 73.4M | 205.3M | 248.6M | 197.7M | 8.8M | — | 7.2M | 6.1M |
| Net debt | — | — | -88.2M | 44.5M | 168.1M | 132.8M | -29.3M | — | 2.1M | -1.4M |
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 23 | Q2 23 | Q3 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 17.2M | 13.7M | — | — | — | — | — | — | — | 7.1M | 7.5M | 8.4M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 24.7M | 19.6M | — | — | — | — | — | — | — | 14.5M | 14.4M | 15.3M |
| Property, plant & equipment | 7.5M | 7.3M | — | — | — | — | — | — | — | 5.5M | 5.3M | 5.1M |
| Goodwill & intangibles | 13.8M | 13.5M | — | — | — | — | — | — | — | 7.8M | 7.5M | 7.3M |
| Total assets | 59.6M | 53.7M | — | — | — | — | — | — | — | 38.7M | 37.7M | 37.6M |
| Accounts payable | 2.3M | 1.5M | — | — | — | — | — | — | — | 263K | 377K | 15K |
| Short-term debt | 1.4M | 1.4M | — | — | — | — | — | — | — | 1.1M | 975K | 1M |
| Total current liabilities | 19.3M | 14.4M | — | — | — | — | — | — | — | 4.9M | 4.8M | 4.9M |
| Long-term debt | 7.1M | 6.9M | — | — | — | — | — | — | — | 5.4M | 5.1M | 4.8M |
| Total liabilities | 27.6M | 22.5M | — | — | — | — | — | — | — | 11.2M | 10.8M | 10.6M |
| Shareholders' equity | 32M | 31.2M | — | — | — | — | — | — | — | 27.4M | 26.9M | 27M |
| Total debt | 8.6M | 8.4M | — | — | — | — | — | — | — | 6.5M | 6.1M | 5.8M |
| Net debt | -8.7M | -5.3M | — | — | — | — | — | — | — | -632K | -1.4M | -2.6M |
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 | FY15 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -85.1M | -89.9M | -76.9M | -132.6M | -176.1M | -183.5M | -79.3M | 1.1M | -2.3M | -653K |
| Depreciation & amortization | 62.4K | 132.5K | 213.1K | 293.9K | 1.4M | 4.1M | 736K | 1.2M | 509K | 1.2M |
| Stock-based compensation | 7.2M | 17.4M | 6.9M | 8.7M | 10.7M | 10.7M | 18.1M | 11.6M | 264K | 75K |
| Change in working capital | -1.2M | 664.7K | -6.3M | 6.9M | -27.9M | -6M | -4M | -9M | 2.3M | 1.2M |
| Operating cash flow | -79.1M | -71.7M | -76.2M | -116.5M | -190M | -163.5M | -63.7M | 4.5M | 511K | 2.5M |
| Capital expenditure | -165.3K | -396.2K | -61.8K | -217K | -2.5M | -207K | -34K | 0 | — | — |
| Investing cash flow | -165.3K | -410.2K | -61.8K | -392.4K | -2.5M | -207K | -34K | 0 | — | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | 0 | -38.7M | — | — |
| Financing cash flow | 91.4M | 134.9M | 68.6M | 161.1M | 107.1M | 80.5M | 79.2M | -454.6M | 0 | — |
| Net change in cash | 12.1M | 62.8M | -7.6M | 44.3M | -85.4M | -83.3M | 15.5M | -450.2M | 511K | 2.5M |
| Free cash flow | -79.6M | -70.4M | -77M | -128.1M | -189.6M | -161.1M | -144.9M | 9M | 1.2M | 2.5M |
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 | Q1 23 | Q2 23 | Q3 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -2.3M | -2.4M | -1.4M | -809K | -1.1M | -567K | 114K | -636K | 545K | 50K | -612K | 103K |
| Depreciation & amortization | 27K | 129K | 129K | 133K | 180K | 96K | 100K | 95K | 96K | 96K | 906K | 94K |
| Stock-based compensation | 483K | 438K | 234K | 111K | 96K | 33K | 24K | 23K | 1K | 0 | 51K | 2K |
| Change in working capital | -961K | -254K | 387K | 529K | 320K | 546K | 874K | 268K | 338K | 176K | 408K | 276K |
| Operating cash flow | -2.8M | -2.1M | -81K | 150K | -264K | 304K | 321K | -96K | 381K | 999K | 375K | 944K |
| Capital expenditure | 0 | 0 | 0 | — | — | — | — | — | — | — | — | — |
| Investing cash flow | 0 | 0 | 0 | — | — | — | — | — | — | — | — | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 0 | 0 | -1K | — | — | 0 | 0 | — | — | — | — | — |
| Net change in cash | -2.8M | -2.1M | -82K | 150K | -264K | 304K | 321K | -96K | 381K | 999K | 375K | 944K |
| Free cash flow | -8.7M | -3.4M | -6M | -229K | 1.5M | -71K | 17K | 699K | 381K | 999K | 375K | 944K |