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 % |
|---|---|---|---|---|---|---|
| Q1 23 | — | -$0.76 | — | — | — | — |
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 | — | -$318 | — | — | $104.4M | — |
| FY24 | — | -$152 | — | — | $89.8M | — |
| FY23 | — | -$0.56 | — | — | $59.3M | — |
| FY22 | — | -$1.22 | — | — | $28.1M | — |
| FY21 | — | -$0.46 | — | — | $1.1M | — |
| FY20 | — | -$0.23 | — | — | $1.5M | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Revenue | $1.5M | $1.1M | $28.1M | $59.3M | $89.8M | $104.4M |
| YoY change | — | -25.3% | +2.5K% | +111.1% | +51.4% | +16.3% |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 |
|---|---|---|---|---|---|---|
| Revenue |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Revenue | 1.5M | 1.1M | 28.1M | 59.3M | 89.8M | 104.4M |
| Cost of revenue | 1.4M | 1.1M | 25.2M | 54.3M | 79.6M | 66.7M |
| Gross profit | 101.4K | 37.8K | 2.9M | 5M | 10.2M | 37.7M |
| Gross margin | 6.96% | 3.47% | 10.2% | 8.46% | 11.4% | 36.1% |
| Research & development | — | — | — | — | — | — |
| Selling, general & administrative | 3.4M | 5.5M | 10.4M | 7.4M | 12.2M | 43M |
| Operating expenses | 3.4M | 5.5M | 10.4M | 7.4M | 12.2M | 43M |
| Operating income | -4.8M | -6.9M | -10.4M | -6.3M | -13.4M | -23.3M |
| Operating margin | -331.7% | -636.3% | -37.2% | -10.7% | -14.9% | -22.3% |
| Non-operating income, net | 2.5M | -881.7K | -12.7M | -400.8K | -8.1M | -59.8M |
| Pretax income | -2.4M | -8.3M | -24.7M | -10.7M | -26.2M | -110.1M |
| Income tax | 467K | -1.1M | -4.4M | 92.7K | 126.9K | 117K |
| Net income | -2.9M | -7.3M | -20.2M | -10.8M | -26.4M | -110.2M |
| Net margin | -197% | -666.6% | -72% | -18.3% | -29.3% | -105.6% |
| EBITDA | -3.2M | -5.3M | -7.3M | -2.1M | -1.8M | -5.4M |
| EPS | -0.23 | -0.46 | -1.22 | -0.56 | -152 | -318 |
| Diluted EPS | -0.23 | -0.46 | -1.22 | -0.56 | -152 | -318 |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 |
|---|---|---|---|---|---|---|
| Revenue | 41.7M | 37.3M | 29.1M | 17M | 21M | 19.5M |
| Cost of revenue | 35.4M | 32.6M | 24.5M | 12.3M | -2.7M | 13.7M |
| Gross profit | 6.3M | 4.8M | 4.6M | 4.7M | 23.7M | 5.7M |
| Gross margin | 15.1% | 12.7% | 15.7% | 27.8% | 112.8% | 29.4% |
| Research & development | — | — | — | — | — | — |
| Selling, general & administrative | 5M | 5.4M | 4.5M | 10.7M | 22.5M | 5.6M |
| Operating expenses | 5M | 5.4M | 4.5M | 10.7M | 22.5M | 5.6M |
| Operating income | -6.9M | -6.4M | -6.8M | -9M | -1M | -2.4M |
| Operating margin | -16.6% | -17.3% | -23.3% | -53.2% | -4.8% | -12.5% |
| Non-operating income, net | -9.1M | 67.4K | -1.3M | -10.4M | -48.1M | -146.7K |
| Pretax income | -19.3M | -7.5M | -12.5M | -34.3M | -55.8M | -4.6M |
| Income tax | 92.9K | 0 | 0 | 0 | 117K | 0 |
| Net income | -19.4M | -7.5M | -12.5M | -34.3M | -55.9M | -4.6M |
| Net margin | -46.5% | -20.2% | -43.1% | -201.9% | -266.1% | -23.5% |
| EBITDA | 1.4M | -572.9K | 124.6K | -6.4M | 1.5M | 184.7K |
| EPS | — | -42 | -60 | -418 | — | -2.32 |
| Diluted EPS | — | -42 | -60 | -418 | — | -2.32 |
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 | — | — | — | — | — | — | 2.9M |
| Enterprise value | — | — | — | — | — | — | 32.6M |
| Shares outstanding | 10.3M | 12M | 16M | 19.3M | 152.3K | 362.6K | 362.6K |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | -0 |
| P/S | — | — | — | — | — | — | 0.03 |
| P/B | — | — | — | — | — | — | 0.03 |
| EV/EBITDA | — | — | — | — | — | — | -7.17 |
| EV/Sales | — | — | — | — | — | — | 0.38 |
| Earnings yield | — | — | — | — | — | — | -100.4K% |
| FCF yield | — | — | — | — | — | — | -324.1% |
| PEG | — | — | — | — | — | — | 0 |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Gross margin | 6.96% | 3.47% | 10.2% | 8.46% | 11.4% | 36.1% | 29.4% |
| Operating margin | -331.7% | -636.3% | -37.2% | -10.7% | -14.9% | -22.3% | -12.5% |
| Net margin | -197% | -666.6% | -72% | -18.3% | -29.3% | -105.6% | -124% |
| ROE | -11% | -26.3% | -74.8% | -62.9% | -22.9% | -296.4% | -150.7% |
| ROA | -6.79% | -15.2% | -26.5% | -15.2% | -10.9% | -97.1% | -6.68% |
| ROIC | -15.9% | -18.8% | -16.6% | -12.8% | -6.89% | -32.3% | -27.9% |
| Return on tangible assets | -34.4% | -46.3% | 223.5% | 121.6% | -5K% | -499.3% | -463.1% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Current ratio | 1.74 | 0.71 | 0.71 | 0.13 | 0.11 | 0.13 | 0.15 |
| Quick ratio | 1.27 | 0.52 | 0.71 | 0.13 | 0.1 | 0.13 | 0.14 |
| Debt / equity | 0.33 | 0.47 | 1.5 | 1.94 | 0.7 | 0.95 | 1.06 |
| Debt / assets | 0.21 | 0.27 | 0.53 | 0.47 | 0.33 | 0.31 | 0.32 |
| Net debt / EBITDA | -1.34 | -1.74 | -4.88 | -15.6 | -43.5 | -6.41 | -7.59 |
| Interest coverage | -26.9 | -15.6 | -15.2 | -1.67 | -4.44 | -3.06 | -2.84 |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Revenue per share | 0.14 | 0.09 | 1.76 | 3.08 | 589.8 | 288 | 83.3 |
| EPS (basic) | -0.23 | -0.46 | -1.22 | -0.56 | -152 | -318 | -318 |
| EPS (diluted) | -0.23 | -0.46 | -1.22 | -0.56 | -152 | -318 | -278 |
| Book value per share | 2.53 | 2.3 | 1.69 | 0.89 | 755.9 | 102.6 | 9.81 |
| FCF per share | -0.29 | -0.62 | -0.42 | -0.21 | -17.9 | -43.6 | -6.55 |
| Cash per share | 0.43 | 0.31 | 0.3 | 0.06 | 8.62 | 1.41 | 0.06 |
| Capex per share | 0.12 | 0.35 | 0.16 | 0.17 | 29.8 | 6.67 | 0.34 |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Capex / revenue | 82.2% | 389.2% | 8.84% | 5.6% | 5.05% | 2.32% | 1.14% |
| Capex / operating cash flow | 313.4% | -73.3% | -12.4% | -67.5% | -37% | -3.19% | -1.01% |
| Payout ratio | — | — | — | — | — | — | 0% |
| $41.7M |
| $37.3M |
| $29.1M |
| $17M |
| $21M |
| $19.5M |
| YoY change | — | — | — | — | -49.6% | -47.9% |
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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Cash & short-term investments | 4.4M | 3.7M | 4.8M | 1.2M | 1.3M | 512.9K |
| Receivables | 7.7K | 845 | 2.6M | 2.5M | 6.2M | 5M |
| Inventory | 1.7M | 1.4M | 47.2K | 44.6K | 205.5K | 82.4K |
| Total current assets | 6.2M | 5.2M | 9.2M | 5.1M | 12M | 8.2M |
| Property, plant & equipment | 19M | 25.4M | 24.5M | 25.8M | 103.3M | 58.8M |
| Goodwill & intangibles | 34M | 32.1M | 85.4M | 80.1M | 240.5M | 91.4M |
| Total assets | 42.3M | 47.7M | 76.3M | 71.2M | 241M | 113.5M |
| Accounts payable | 1M | 1.5M | 910K | 5.2M | 28.4M | 14M |
| Short-term debt | 2.2M | 5.2M | 4.3M | 19.5M | 68M | 20.4M |
| Total current liabilities | 3.6M | 7.2M | 12.9M | 40M | 113.5M | 61.5M |
| Long-term debt | 6.5M | 7.8M | 36.3M | 13.9M | 12.3M | 14.8M |
| Total liabilities | 16.3M | 20.2M | 49.3M | 54M | 125.9M | 76.3M |
| Shareholders' equity | 26M | 27.6M | 27.1M | 17.2M | 115.1M | 37.2M |
| Total debt | 8.7M | 13M | 40.6M | 33.4M | 80.2M | 35.2M |
| Net debt | 8.3M | 11.5M | 37.4M | 32.7M | 79.6M | 35M |
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 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 |
|---|---|---|---|---|---|---|
| Cash & short-term investments | 1.3M | 3.1M | 930.2K | 568.2K | 512.9K | 241K |
| Receivables | 6.2M | 17.4M | 23.5M | 5.8M | 5M | 8.2M |
| Inventory | 205.5K | 132.3K | 132.3K | 110.8K | 82.4K | 82.4K |
| Total current assets | 12M | 28.5M | 30.6M | 9.2M | 8.2M | 9.2M |
| Property, plant & equipment | 103.3M | 97.3M | 90.7M | 60.9M | 58.8M | 57.5M |
| Goodwill & intangibles | 240.5M | 234.1M | 234.8M | 175.4M | 91.4M | 88.6M |
| Total assets | 241M | 248.2M | 244.5M | 160.1M | 113.5M | 111.8M |
| Accounts payable | 28.4M | 44.1M | 47.7M | 22.1M | 14M | 13.4M |
| Short-term debt | 68M | 70.9M | 75.9M | 37M | 20.4M | 20.4M |
| Total current liabilities | 113.5M | 127.4M | 136.4M | 76.5M | 61.5M | 63M |
| Long-term debt | 12.3M | 11.9M | 9.9M | 10.7M | 14.8M | 15.2M |
| Total liabilities | 125.9M | 139.4M | 146.5M | 96.1M | 76.3M | 78.1M |
| Shareholders' equity | 115.1M | 108.8M | 98M | 64M | 37.2M | 33.6M |
| Total debt | 80.2M | 82.8M | 85.8M | 47.7M | 35.2M | 35.6M |
| Net debt | 79.6M | 82M | 85.4M | 47.4M | 35M | 35.6M |
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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Net income | -2.9M | -7.3M | -20.2M | -10.8M | -26.4M | -110.2M |
| Depreciation & amortization | 1.6M | 1.5M | 3M | 3.9M | 11.4M | 18M |
| Stock-based compensation | 146.1K | 446.1K | 2.6M | 1.6M | 2.6M | 3.4M |
| Change in working capital | 797.5K | 274K | -817K | 382K | 86.4K | -2.2M |
| Operating cash flow | 382.3K | -5.8M | -20.1M | -4.9M | -12.3M | -75.7M |
| Capital expenditure | -1.2M | -4.2M | -2.5M | -3.3M | -4.5M | 2.4M |
| Investing cash flow | -1.2M | -4.2M | -2.3M | -3.7M | 302.2K | 1.7M |
| Dividends paid | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — |
| Financing cash flow | 2.8M | 8.5M | 8.2M | 2M | 819.7K | 12.5M |
| Net change in cash | 1.9M | -1.5M | -14.2M | -6.6M | -11.1M | -61.5M |
| Free cash flow | -3M | -7.4M | -6.6M | -4.1M | -2.7M | -15.8M |
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 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 |
|---|---|---|---|---|---|---|
| Net income | -19.4M | -7.5M | -12.5M | -34.3M | -55.9M | -4.6M |
| Depreciation & amortization | 8.3M | 5.8M | 6.9M | 3M | 2.2M | 2.6M |
| Stock-based compensation | 945.5K | 801.4K | 351.7K | 1.2M | 1M | 337.5K |
| Change in working capital | -2.2M | 2.4M | -5.7M | 17.1M | -16M | -3.4M |
| Operating cash flow | -12.2M | 1.5M | -11M | -12.9M | -68.5M | -5.1M |
| Capital expenditure | -2.2M | 1.5M | 378K | 583.5K | -25.5K | 0 |
| Investing cash flow | -2.2M | 1.5M | 378K | 583.5K | -25.5K | 0 |
| Dividends paid | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — |
| Financing cash flow | -1.3M | -370.2K | 5.5M | -13.6M | 21M | 1.3M |
| Net change in cash | -15.7M | 2.6M | -5.2M | -25.9M | -47.5M | -3.8M |
| Free cash flow | -531.5K | -35 | -7M | 11.3M | -20.1M | -3.3M |