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 26 | $0.02 | $0.02 | 0.0% | — | $39.2M | — |
| Q4 25 | -$0.08 | $0.24 | +400.0% | — | $104.2M | — |
| Q3 25 | -$0.06 | -$0.04 | +33.3% | — | $72.4M | — |
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 | — | $0.07 | — | — | $237.3M | — |
| FY24 | — | -$0.33 | — | — | $28.7M | — |
| FY23 | — | -$0.57 | — | — | $7.4M | — |
| FY22 | — | -$0.84 | — | — | $107K | — |
| FY21 | — | -$0.58 | — | — | $892K | — |
| FY20 | — | -$0.36 | — | — | $4M | — |
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 | $4M | $892K | $107K | $7.4M | $28.7M | $237.3M |
| YoY change | — | -78% | -88% | +6.8K% | +288.9% | +726.7% |
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 | $15.2M |
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 | 4M | 892K | 107K | 7.4M | 28.7M | 237.3M |
| Cost of revenue | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — |
| Research & development | 19.9M | 48.7M | 81.1M | 68.1M | 74.2M | 201.6M |
| Selling, general & administrative | 15.2M | 21.9M | 29.4M | 22.6M | 20.8M | 17.6M |
| Operating expenses | 35.1M | 70.6M | 110.4M | 90.7M | 95M | 219.2M |
| Operating income | -31M | -69.7M | -110.3M | -83.3M | -66.3M | 18.1M |
| Operating margin | -766.7% | -7.8K% | -103.1K% | -1.1K% | -231% | 7.62% |
| Non-operating income, net | 836K | 783K | 2.7M | -62K | 31K | -44K |
| Pretax income | -32M | -70.4M | -107.7M | -82.2M | -66.7M | 16.8M |
| Income tax | 238K | 107K | 67K | 261K | 260K | 476K |
| Net income | -32.2M | -70.5M | -107.8M | -82.5M | -66.9M | 16.3M |
| Net margin | -796.3% | -7.9K% | -100.7K% | -1.1K% | -233.3% | 6.88% |
| EBITDA | -28.2M | -61.7M | -96.3M | -72.1M | -54.9M | 28.2M |
| EPS | -0.36 | -0.58 | -0.84 | -0.57 | -0.33 | 0.07 |
| Diluted EPS | -0.36 | -0.58 | -0.84 | -0.57 | -0.33 | 0.07 |
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 | 15.2M | 20.9M | 39.7M | 72.4M | 104.2M | 39.2M |
| Cost of revenue | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — |
| Research & development | 22.7M | 30.7M | 49.7M | 75.9M | 45.1M | 29.4M |
| Selling, general & administrative | 4M | 5.1M | 4.6M | 4.3M | 3.7M | 4.6M |
| Operating expenses | 26.7M | 35.8M | 54.3M | 80.2M | 48.8M | 34.1M |
| Operating income | -11.5M | -14.9M | -14.6M | -7.8M | 55.4M | 5.2M |
| Operating margin | -75.7% | -71.5% | -36.8% | -10.8% | 53.2% | 13.2% |
| Non-operating income, net | 5K | -1K | -1K | -7K | -35K | -11K |
| Pretax income | -11.8M | -15.5M | -15M | -8.1M | 55.4M | 5.2M |
| Income tax | 176K | 95K | 20K | 17K | 344K | 29K |
| Net income | -12M | -15.6M | -15M | -8.1M | 55M | 5.2M |
| Net margin | -78.9% | -74.7% | -37.7% | -11.2% | 52.8% | 13.2% |
| EBITDA | -8.6M | -12.3M | -12.1M | -5.4M | 58M | 6.8M |
| EPS | — | -0.07 | -0.07 | -0.04 | — | 0.02 |
| Diluted EPS | — | -0.07 | -0.07 | -0.04 | — | 0.02 |
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 | — | — | — | — | — | — | 130.9M |
| Enterprise value | — | — | — | — | — | — | 84.3M |
| Shares outstanding | 88.3M | 121.5M | 127.7M | 144.8M | 202.1M | 230.3M | 230.3M |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | 3.44 |
| P/S | — | — | — | — | — | — | 0.52 |
| P/B | — | — | — | — | — | — | 1.41 |
| EV/EBITDA | — | — | — | — | — | — | 1.85 |
| EV/Sales | — | — | — | — | — | — | 0.33 |
| Earnings yield | — | — | — | — | — | — | 29.1% |
| FCF yield | — | — | — | — | — | — | -25% |
| PEG | — | — | — | — | — | — | -0.03 |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Operating margin | -766.7% | -7.8K% | -103.1K% | -1.1K% | -231% | 7.62% | 13.2% |
| Net margin | -796.3% | -7.9K% | -100.7K% | -1.1K% | -233.3% | 6.88% | 14.5% |
| ROE | -26.1% | -37.6% | -97.4% | -142.7% | -113.6% | 18.6% | 53.1% |
| ROA | -21.1% | -31.9% | -70% | -89.8% | -40.2% | 8.77% | 14.1% |
| ROIC | -828.9% | -204.8% | -301.6% | -218.3% | -268.1% | 53.3% | 92% |
| Return on tangible assets | -26.4% | -36.9% | -79.9% | -111.1% | -44.6% | 9.53% | 22.4% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Current ratio | 10.9 | 15.7 | 5.55 | 3.32 | 0.75 | 1.57 | 1.71 |
| Quick ratio | 10.9 | 15.7 | 5.55 | 3.32 | 0.75 | 1.57 | 1.71 |
| Debt / equity | 0.06 | 0.07 | 0.2 | 0.35 | 0.3 | 0.1 | 0.13 |
| Debt / assets | 0.05 | 0.06 | 0.14 | 0.22 | 0.11 | 0.05 | 0.04 |
| Net debt / EBITDA | 4.24 | 2.49 | 0.77 | 0.27 | 0.62 | -1.94 | -1.12 |
| Interest coverage | -16.1 | -46.5 | -81.5 | -55.8 | -21.5 | 6.95 | 17.1 |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 2.83% | 1.09% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Revenue per share | 0.05 | 0.01 | 0 | 0.05 | 0.14 | 1.03 | 1.09 |
| EPS (basic) | -0.36 | -0.58 | -0.84 | -0.57 | -0.33 | 0.07 | 0.07 |
| EPS (diluted) | -0.36 | -0.58 | -0.84 | -0.57 | -0.33 | 0.07 | 0.16 |
| Book value per share | 1.4 | 1.54 | 0.87 | 0.4 | 0.29 | 0.38 | 0.39 |
| FCF per share | -0.28 | -0.54 | -0.82 | -0.5 | -0.22 | 0.03 | 0.06 |
| Cash per share | 1.44 | 1.37 | 0.75 | 0.27 | 0.26 | 0.28 | 0.25 |
| Capex per share | 0.01 | 0.04 | 0.08 | 0.01 | 0 | 0 | 0 |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Capex / revenue | 30.2% | 578.1% | 9K% | 23.7% | 1.93% | 0.06% | 0.26% |
| Capex / operating cash flow | -5.53% | -8.75% | -10.5% | -2.64% | 3.83% | -0.31% | -1.85% |
| Payout ratio | — | — | — | — | — | — | 0% |
Split-adjusted payout per share by ex-dividend date.
| Ex-dividend | Amount |
|---|---|
| Nov 9, 2012 | $804.408 |
| Date | Ratio |
|---|---|
| Feb 14, 2018 | 1:11 |
| $20.9M |
| $39.7M |
| $72.4M |
| $104.2M |
| $39.2M |
| YoY change | — | — | — | — | +586.5% | +87.9% |
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 | 126.9M | 166.5M | 95.7M | 39.7M | 51.7M | 63.8M |
| Receivables | 334K | 71K | 20K | 3M | 5.8M | 14.6M |
| Inventory | — | — | — | — | — | — |
| Total current assets | 128.5M | 169.2M | 99.5M | 45.5M | 68.3M | 136.1M |
| Property, plant & equipment | 8.3M | 19.8M | 41.3M | 36.6M | 29.1M | 16.9M |
| Goodwill & intangibles | 30.7M | 30.3M | 19.1M | 17.6M | 16.1M | 14.7M |
| Total assets | 152.6M | 221.2M | 153.8M | 91.8M | 166.4M | 186.1M |
| Accounts payable | 2.1M | 3.9M | 5.5M | 1.6M | 7M | 21.5M |
| Short-term debt | 2.1M | 1M | 2.2M | 2.7M | 3.1M | 3M |
| Total current liabilities | 11.8M | 10.8M | 17.9M | 13.7M | 90.9M | 86.8M |
| Long-term debt | 5.2M | 12M | 19.5M | 17.4M | 14.4M | 6M |
| Total liabilities | 29.2M | 33.6M | 43.3M | 34M | 107.5M | 98.3M |
| Shareholders' equity | 123.4M | 187.5M | 110.6M | 57.8M | 58.9M | 87.8M |
| Total debt | 7.2M | 13M | 21.7M | 20.1M | 17.5M | 9M |
| Net debt | -119.7M | -130.7M | -24.3M | -14.7M | -7.7M | -44.8M |
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 | 51.7M | 41.9M | 26.3M | 28.8M | 63.8M | 61M |
| Receivables | 5.8M | 1.5M | 4.3M | 42.7M | 14.6M | 7.1M |
| Inventory | — | — | — | — | — | — |
| Total current assets | 68.3M | 62.6M | 70.4M | 117.4M | 136.1M | 131.7M |
| Property, plant & equipment | 29.1M | 27.1M | 25.1M | 23.2M | 16.9M | 15.5M |
| Goodwill & intangibles | 16.1M | 15.8M | 15.4M | 15M | 14.7M | 14.3M |
| Total assets | 166.4M | 158.6M | 164.1M | 209M | 186.1M | 180.1M |
| Accounts payable | 7M | 16.6M | 10.6M | 53.1M | 21.5M | 24.2M |
| Short-term debt | 3.1M | 3.3M | 3.5M | 3.8M | 3M | 2.5M |
| Total current liabilities | 90.9M | 98.5M | 117.9M | 169.3M | 86.8M | 76.8M |
| Long-term debt | 14.4M | 13.6M | 12.6M | 11.7M | 6M | 5.4M |
| Total liabilities | 107.5M | 112.9M | 131.2M | 182.2M | 98.3M | 85.9M |
| Shareholders' equity | 58.9M | 45.6M | 32.9M | 26.8M | 87.8M | 94.1M |
| Total debt | 17.5M | 16.8M | 16.1M | 15.4M | 9M | 8M |
| Net debt | -7.7M | -11.9M | -4M | -1.4M | -44.8M | -42.8M |
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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Net income | -32.2M | -70.5M | -107.8M | -82.5M | -66.9M | 16.3M |
| Depreciation & amortization | 2.7M | 4.2M | 5.8M | 8.6M | 8.8M | 8.6M |
| Stock-based compensation | 4.4M | 8.9M | 13.6M | 14.1M | 11.5M | 8.3M |
| Change in working capital | 4.5M | 1.9M | 2.4M | -7.4M | 61.7M | -75.1M |
| Operating cash flow | -22.1M | -58.9M | -91.8M | -66.4M | 14.4M | -44.6M |
| Capital expenditure | -1.2M | -5.2M | -9.6M | -1.8M | -554K | -140K |
| Investing cash flow | -1.2M | -49.1M | -20.4M | 44M | -21.3M | 16.6M |
| Dividends paid | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — |
| Financing cash flow | 111.8M | 122.2M | 17.2M | 14.7M | 56.1M | 4.1M |
| Net change in cash | 88.5M | 14.2M | -94.9M | -7.8M | 49.2M | -23.9M |
| Free cash flow | -25M | -65M | -104.4M | -72.3M | -45.3M | 7.6M |
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 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 |
|---|---|---|---|---|---|---|
| Net income | -12M | -15.6M | -15M | -8.1M | 55M | 5.2M |
| Depreciation & amortization | 2.2M | 2.2M | 2.2M | 2.1M | 2.1M | 1.1M |
| Stock-based compensation | 2.4M | 2.5M | 2.1M | 2M | 1.7M | 1.5M |
| Change in working capital | -4M | 5.6M | -31M | -2.9M | -46.8M | -6.4M |
| Operating cash flow | -10.5M | -7.4M | -42.5M | -6.3M | 11.6M | 1.5M |
| Capital expenditure | -44K | -130K | 103K | -112K | -1K | -445K |
| Investing cash flow | 10.4M | 13.2M | 7.2M | -5.8M | 2M | -676K |
| Dividends paid | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — |
| Financing cash flow | -6K | -167K | 46K | -4K | 4.2M | -338K |
| Net change in cash | -121K | 5.7M | -35.2M | -12.1M | 17.8M | 532K |
| Free cash flow | -7.4M | -9.7M | -15.8M | 2.5M | 30.7M | -2.5M |