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 25 | -$2.1 | -$2.43 | -15.7% | — | — | — |
| Q4 24 | -$2.66 | -$2.69 | -1.1% | — | — | — |
| Q3 24 | -$3.31 | -$3.35 | -1.2% | — | — | — |
| Q2 24 | -$3.74 | -$3.38 | +9.6% | — | — | — |
| Q1 24 | -$3.08 | -$3.7 | -20.1% | — | — | — |
| Q4 23 | -$0.18 | -$0.16 | +11.1% | — | — | — |
| Q3 23 | -$4.36 | -$4.71 | -8.0% | — | — | — |
| Q2 23 | -$5.21 | -$5.3 | -1.7% | — | — | — |
| Q1 23 | -$0.16 | -$0.13 | +18.8% | — | — | — |
| Q4 22 | -$0.14 | -$0.09 | +35.7% | — | — | — |
| Q3 22 | -$3.28 | -$1.81 | +44.8% | — | — | — |
| Q2 22 | -$0.09 | -$0.09 | 0.0% | — | — | — |
| Q1 22 | -$1.39 | -$0.91 | +34.5% | — | — | — |
| Q4 21 | -$0.15 | -$0.1 | +33.3% | — | — | — |
| Q3 21 | -$0.14 | -$0.18 | -28.6% | — | — | — |
| Q2 21 | -$3.11 | -$3.21 | -3.2% | — | — | — |
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 % |
|---|---|---|---|---|---|---|
| FY23 | — | -$13.4 | — | — | $287M | — |
| FY22 | — | -$17.1 | — | — | $571M | — |
| FY21 | — | -$17.1 | — | — | $2.1B | — |
| FY20 | — | -$176.1 | — | — | $2.5B | — |
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 |
|---|---|---|---|---|
| Revenue | $2.5B | $2.1B | $571M | $287M |
| YoY change | — | -17.9% | -72.6% | -49.7% |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | Q1 23 | Q2 23 | Q3 23 | Q4 23 | Q1 24 |
|---|---|---|---|---|---|
| Revenue | $96M | $78M | $60M | $53M | $36M |
| YoY change | — | — | — | — | -62.5% |
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 |
|---|---|---|---|---|
| Revenue | 2.5B | 2.1B | 571M | 287M |
| Cost of revenue | 947M | 977M | 405M | 228M |
| Gross profit | 1.6B | 1.1B | 166M | 59M |
| Gross margin | 62.7% | 53.1% | 29.1% | 20.6% |
| Research & development | 222M | 208M | 194M | 152M |
| Selling, general & administrative | 2B | 1.3B | 370M | 235M |
| Operating expenses | 2.2B | 1.5B | 564M | 387M |
| Operating income | -631M | -367M | -398M | -328M |
| Operating margin | -24.8% | -17.6% | -69.7% | -114.3% |
| Non-operating income, net | -110M | — | — | — |
| Pretax income | -743M | -351M | -383M | -312M |
| Income tax | 2M | 10M | 1M | 5M |
| Net income | -745M | -361M | -384M | -317M |
| Net margin | -29.3% | -17.3% | -67.3% | -110.5% |
| EBITDA | -509M | -358M | -392M | -324M |
| EPS | -176.1 | -17.1 | -17.1 | -13.4 |
| Diluted EPS | -176.1 | -17.1 | -17.1 | -13.4 |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | Q1 23 | Q2 23 | Q3 23 | Q4 23 | Q1 24 |
|---|---|---|---|---|---|
| Revenue | 96M | 78M | 60M | 53M | 36M |
| Cost of revenue | 76M | 62M | 46M | 44M | 30M |
| Gross profit | 20M | 16M | 14M | 9M | 6M |
| Gross margin | 20.8% | 20.5% | 23.3% | 17% | 16.7% |
| Research & development | 51M | 38M | 38M | 25M | 22M |
| Selling, general & administrative | 62M | 61M | 56M | 56M | 37M |
| Operating expenses | 113M | 99M | 94M | 81M | 59M |
| Operating income | -93M | -83M | -80M | -72M | -53M |
| Operating margin | -96.9% | -106.4% | -133.3% | -135.8% | -147.2% |
| Non-operating income, net | — | — | — | — | — |
| Pretax income | -89M | -77M | -77M | -69M | -53M |
| Income tax | 0 | 3M | 3M | -1M | 6M |
| Net income | -89M | -80M | -80M | -68M | -59M |
| Net margin | -92.7% | -102.6% | -133.3% | -128.3% | -163.9% |
| EBITDA | -92M | -82M | -79M | -71M | -52M |
| EPS | -3.83 | -3.38 | -3.35 | — | -2.43 |
| Diluted EPS | -3.83 | -3.38 | -3.35 | — | -2.43 |
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 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 |
|---|---|---|---|---|---|---|
| Cash & short-term investments | 974M | — | 2.1B | 1.2B | 719M | 382M |
| Receivables | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — |
| Total current assets | 1.1B | — | 2.3B | 1.2B | 777M | 410M |
| Property, plant & equipment | 33M | 34M | 93M | 35M | 18M | 9M |
| Goodwill & intangibles | — | — | — | — | — | — |
| Total assets | 1.2B | — | 2.4B | 1.3B | 799M | 423M |
| Accounts payable | 131M | — | 434M | 67M | 53M | 30M |
| Short-term debt | — | — | — | — | — | — |
| Total current liabilities | 192M | — | 1.3B | 449M | 309M | 196M |
| Long-term debt | 0 | — | 38M | 16M | 13M | 6M |
| Total liabilities | 192M | — | 1.4B | 465M | 322M | 206M |
| Shareholders' equity | -1.3B | — | 1B | 818M | 477M | 217M |
| Total debt | 0 | — | 38M | 16M | 13M | 6M |
| Net debt | -712M | — | -1.9B | -993M | -493M | -232M |
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 | Q4 23 | Q1 24 |
|---|---|---|---|---|---|
| Cash & short-term investments | 627M | 531M | 445M | 382M | 305M |
| Receivables | — | — | — | — | — |
| Inventory | — | — | — | — | — |
| Total current assets | 671M | 565M | 478M | 410M | 331M |
| Property, plant & equipment | 18M | 15M | 10M | 9M | 8M |
| Goodwill & intangibles | — | — | — | — | — |
| Total assets | 693M | 584M | 492M | 423M | 342M |
| Accounts payable | 41M | 36M | 35M | 30M | 17M |
| Short-term debt | — | — | — | — | — |
| Total current liabilities | 271M | 236M | 209M | 196M | 164M |
| Long-term debt | 11M | 9M | 7M | 6M | 4M |
| Total liabilities | 282M | 247M | 220M | 206M | 178M |
| Shareholders' equity | 411M | 337M | 272M | 217M | 164M |
| Total debt | 11M | 9M | 7M | 6M | 4M |
| Net debt | -360M | -309M | -296M | -232M | -246M |
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 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | Current |
|---|---|---|---|---|---|---|---|
| Market cap | — | — | — | — | — | — | 361.3M |
| Enterprise value | — | — | — | — | — | — | 0 |
| Shares outstanding | — | — | 4.2M | 21M | 22.4M | 23.7M | 23.7M |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | Current |
|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | -1.1 |
| P/S | — | — | — | — | — | — | 1.26 |
| P/B | — | — | — | — | — | — | 2.19 |
| EV/EBITDA | — | — | — | — | — | — | 0 |
| EV/Sales | — | — | — | — | — | — | 0 |
| Earnings yield | — | — | — | — | — | — | -90.6% |
| FCF yield | — | — | — | — | — | — | -87.7% |
| PEG | — | — | — | — | — | — | 0.03 |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | Current |
|---|---|---|---|---|---|---|---|
| Gross margin | — | — | 62.7% | 53.1% | 29.1% | 20.6% | 16.7% |
| Operating margin | — | — | -24.8% | -17.6% | -69.7% | -114.3% | -114.3% |
| Net margin | — | — | -29.3% | -17.3% | -67.3% | -110.5% | 20.6% |
| ROE | — | — | -72.5% | -44.1% | -80.5% | -146.1% | -146.1% |
| ROA | — | — | -31.1% | -28.1% | -48.1% | -74.9% | -74.9% |
| ROIC | — | — | 59.3% | 112.9% | 173.8% | 206.3% | 210.2% |
| Return on tangible assets | — | — | -31.1% | -28.1% | -48.1% | -74.9% | -83.9% |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | Current |
|---|---|---|---|---|---|---|---|
| Current ratio | — | — | 1.74 | 2.73 | 2.51 | 2.09 | 2.02 |
| Quick ratio | — | — | 1.74 | 2.73 | 2.51 | 2.09 | 2.02 |
| Debt / equity | — | — | 0.04 | 0.02 | 0.03 | 0.03 | 0 |
| Debt / assets | — | — | 0.02 | 0.01 | 0.02 | 0.01 | 0.01 |
| Net debt / EBITDA | — | — | 4.11 | 3.19 | 1.8 | 1.16 | 1.06 |
| Effective tax rate | — | — | 0% | 0% | 0% | 0% | 0% |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | Current |
|---|---|---|---|---|---|---|---|
| Revenue per share | — | — | 600.2 | 99.4 | 25.5 | 12.1 | 12.1 |
| EPS (basic) | — | — | -176.1 | -17.1 | -17.1 | -13.4 | -13.4 |
| EPS (diluted) | — | — | -176.1 | -17.1 | -17.1 | -13.4 | -13.4 |
| Book value per share | — | — | 242.6 | 39 | 21.3 | 9.14 | 6.74 |
| FCF per share | — | — | -0.47 | -45.5 | -18.9 | -14.5 | -13.4 |
| Cash per share | — | — | 502.9 | 55.3 | 32.1 | 16.1 | 12.5 |
| Capex per share | — | — | 0.47 | 0.1 | 0.09 | 0.13 | 0.13 |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | Current |
|---|---|---|---|---|---|---|---|
| Capex / revenue | — | — | 0.08% | 0.1% | 0.35% | 1.05% | 1.05% |
| Capex / operating cash flow | — | — | -2.99% | -0.37% | -0.62% | -1.12% | -1.12% |
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 |
|---|---|---|---|---|
| Net income | -745M | -361M | -384M | -317M |
| Depreciation & amortization | 12M | 9M | 6M | 4M |
| Stock-based compensation | 390M | 141M | 72M | 64M |
| Change in working capital | 268M | -340M | -21M | -22M |
| Operating cash flow | -67M | -536M | -321M | -267M |
| Capital expenditure | -2M | -2M | -2M | -3M |
| Investing cash flow | 165M | -3M | -47M | 74M |
| Dividends paid | — | — | — | — |
| Share repurchases | -1M | 0 | 0 | — |
| Financing cash flow | 1B | -6M | -23M | -5M |
| Net change in cash | 1.1B | -545M | -391M | -198M |
| Free cash flow | -2M | -953M | -424M | -344M |
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 | Q4 23 | Q1 24 |
|---|---|---|---|---|---|
| Net income | -89M | -80M | -80M | -68M | -59M |
| Depreciation & amortization | 1M | 1M | 1M | 1M | 1M |
| Stock-based compensation | 26M | 15M | 13M | 10M | 9M |
| Change in working capital | -7M | -4M | -3M | -8M | -10M |
| Operating cash flow | -72M | -68M | -62M | -65M | -59M |
| Capital expenditure | 0 | -3M | 0 | 0 | — |
| Investing cash flow | -40M | 43M | 72M | -1M | 90M |
| Dividends paid | — | — | — | — | — |
| Share repurchases | — | — | — | — | — |
| Financing cash flow | -3M | -1M | -1M | 0 | -1M |
| Net change in cash | -115M | -26M | 9M | -66M | 30M |
| Free cash flow | -92M | -91M | -86M | -75M | -75M |