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 | -$0.22 | -$0.5 | -127.3% | — | $8.4M | — |
| Q3 25 | -$0.15 | -$0.34 | -126.7% | — | $4.3M | — |
| Q2 25 | -$0.12 | -$0.19 | -58.3% | — | $2.2M | — |
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 | — | -$1.32 | — | — | $12.9M | — |
| FY24 | — | -$0.16 | — | — | $2M | — |
| FY23 | — | -$0.01 | — | — | $1.8M | — |
| FY22 | — | $0 | — | — | $3M | — |
| FY21 | — | -$0.01 | — | — | $2.3M | — |
| FY20 | — | -$0 | — | — | $992.7K | — |
| FY19 | — | -$0.02 | — | — | $567.7K | — |
| FY18 | — | -$0.01 | — | — | $0 | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | $567.7K | $992.7K | $2.3M | $3M | $1.8M | $2M | $12.9M |
| YoY change | — | +InfinityT% | +74.9% | +130.2% | +32.4% | -39.6% | +7.43% | +557.6% |
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 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 567.7K | 992.7K | 2.3M | 3M | 1.8M | 2M | 12.9M |
| Cost of revenue | — | — | — | — | — | 149.4K | 819.2K | 17.7M |
| Gross profit | — | — | — | — | — | 1.7M | 1.1M | -4.8M |
| Gross margin | — | — | — | — | — | 91.8% | 58.3% | -37% |
| Research & development | — | — | — | — | — | — | — | — |
| Selling, general & administrative | 113.1K | 659.1K | 1.1M | 2.2M | 2.4M | 1.2M | 3.9M | 18M |
| Operating expenses | 197.3K | 1M | 1.8M | 3.1M | 2.4M | 1.2M | 3.9M | 18.4M |
| Operating income | -118.9K | -111.9K | -147.6K | -52.8K | 345.5K | 244.5K | -3M | -25.3M |
| Operating margin | — | -19.7% | -14.9% | -2.31% | 11.4% | 13.4% | -153.5% | -196.1% |
| Non-operating income, net | 14.9K | -144.6K | -94.4K | -52.8K | -157K | -19.7K | -48.1K | -106.2K |
| Pretax income | -106.3K | -316.9K | -217.7K | -221.9K | -1.2K | -245.7K | -4.5M | -45.2M |
| Income tax | 6K | -3.1K | -5.8K | -5.8K | -15.5K | -4.2K | 0 | — |
| Net income | -112.3K | -313.8K | -211.9K | -216.1K | 14.3K | -241.5K | -4.5M | -45.2M |
| Net margin | — | -55.3% | -21.3% | -9.45% | 0.47% | -13.2% | -228.2% | -350.2% |
| EBITDA | -113.1K | -43.2K | -61.5K | 160K | 621.9K | 507.6K | -2.7M | -23.1M |
| EPS | -0.01 | -0.02 | -0 | -0.01 | 0 | -0.01 | -0.16 | -1.32 |
| Diluted EPS | -0.01 | -0.02 | -0 | -0.01 | 0 | -0.01 | -0.22 | -1.32 |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | Q4 22 | Q1 23 | Q3 23 | Q4 23 | Q1 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 703.3K | 404.8K | 266.2K | 704.3K | 591.4K | 234.3K | 673.3K | 1.1M | 2.2M | 4.3M | 5.2M | 8.4M |
| Cost of revenue | — | — | — | 14.8K | 23.8K | 2.9K | 567.6K | 897.9K | 3M | 5.2M | 8.2M | 10.5M |
| Gross profit | — | — | — | 689.5K | 567.6K | 231.4K | 105.7K | 237.8K | -768.9K | -850.7K | -3M | -2.1M |
| Gross margin | — | — | — | 97.9% | 96% | 98.7% | 15.7% | 20.9% | -34.3% | -19.6% | -57.2% | -25.4% |
| Research & development | — | — | — | — | — | — | — | — | — | — | — | — |
| Selling, general & administrative | 522.5K | 363.7K | 275.6K | 193.3K | 470.5K | 561.7K | 2.4M | 3M | 2.8M | 3.4M | 9.3M | 18.1M |
| Operating expenses | 522.5K | 363.7K | 275.6K | 193.3K | 470.5K | 561.7K | 2.4M | 3.1M | 2.9M | 3.5M | 9.3M | 18.1M |
| Operating income | 119.9K | -16.5K | -81.7K | 424.7K | 30.3K | -379.9K | -2.4M | -3M | -3.9M | -4.8M | -13.6M | -21.6M |
| Operating margin | 17.1% | -4.08% | -30.7% | 60.3% | 5.12% | -162.1% | -359.4% | -263.5% | -174.4% | -110.5% | -262.4% | -256.7% |
| Non-operating income, net | -4K | -9.2K | -7.9K | -10.8K | -7.3K | 7.2K | -48.8K | -7.9K | 344.6K | -204.8K | -238.1K | 88.8K |
| Pretax income | 49.2K | -115.4K | -220.1K | 274.6K | -120.9K | -491.7K | -3.4M | -4.6M | -6.1M | -12.3M | -22.2M | -26.5M |
| Income tax | -1.4K | -1K | -1.1K | -1K | 0 | 0 | 0 | — | — | — | — | — |
| Net income | 50.6K | -114.3K | -219K | 275.6K | -120.9K | -491.7K | -3.4M | -4.6M | -6.1M | -12.3M | -22.2M | -26.5M |
| Net margin | 7.2% | -28.2% | -82.3% | 39.1% | -20.4% | -209.9% | -507.4% | -406% | -273.1% | -282.4% | -428% | -316% |
| EBITDA | 179.8K | 41.1K | -9.4K | 496.3K | 104K | -325.5K | -2.3M | -2.9M | -3.7M | -4.4M | -12.2M | -20.2M |
| EPS | — | -0.01 | -0.01 | — | -0.01 | -0.05 | — | -0.18 | -0.19 | -0.34 | — | -0.5 |
| Diluted EPS | — | -0.01 | -0.01 | — | -0.01 | -0.05 | — | -0.18 | -0.19 | -0.34 | — | -0.5 |
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 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| Market cap | — | — | — | — | — | — | — | — | — | 122.7M |
| Enterprise value | — | — | — | — | — | — | — | — | — | 148.7M |
| Shares outstanding | — | 24.3M | 24.3M | 130M | 24.3M | 24.3M | 23.8M | 18.4M | 34.2M | 34.2M |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | — | — | 49.5 |
| P/S | — | — | — | — | — | — | — | — | — | 4.63 |
| P/B | — | — | — | — | — | — | — | — | — | 0.9 |
| EV/EBITDA | — | — | — | — | — | — | — | — | — | -3.59 |
| EV/Sales | — | — | — | — | — | — | — | — | — | 7.71 |
| Earnings yield | — | — | — | — | — | — | — | — | — | 2.02% |
| FCF yield | — | — | — | — | — | — | — | — | — | -25.2% |
| PEG | — | — | — | — | — | — | — | — | — | 0.28 |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin | — | — | — | — | — | — | 91.8% | 58.3% | -37% | -25.4% |
| Operating margin | — | — | -19.7% | -14.9% | -2.31% | 11.4% | 13.4% | -153.5% | -196.1% | -234.7% |
| Net margin | — | — | -55.3% | -21.3% | -9.45% | 0.47% | -13.2% | -228.2% | -350.2% | -37% |
| ROE | — | 138.8% | -10.7% | -6.27% | -5.93% | 0.19% | -3.3% | -20.5% | -66.5% | -135.6% |
| ROA | — | -34.7% | -8.75% | -4.9% | -2.15% | 0.11% | -1.47% | -12.9% | -45.3% | -38.3% |
| ROIC | — | 104.8% | -3.52% | -3.72% | -0.74% | 2.8% | 1.57% | -10.7% | — | — |
| Return on tangible assets | — | -50.6% | 20.8% | 14.1% | 28.4% | -0.48% | 31.2% | -28.9% | -109% | -134.8% |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | — | 1.81 | 1.02 | 3 | 2.28 | 2.56 | 2.39 | 2.17 | 2.22 | 1.72 |
| Quick ratio | — | 1.81 | 1.02 | 3 | 2.28 | 2.56 | 2.39 | 2.17 | 2.03 | 2.47 |
| Debt / equity | — | -2.97 | 0.09 | 0.2 | 1.29 | 0.66 | 1.13 | 0.46 | 0.32 | 0.33 |
| Debt / assets | — | 0.74 | 0.07 | 0.16 | 0.47 | 0.37 | 0.5 | 0.29 | 0.22 | 0.15 |
| Net debt / EBITDA | — | 0.29 | -5.75 | -9.52 | 22 | 7.67 | 16.2 | -2.35 | -0.28 | -0.03 |
| Interest coverage | — | -44.7 | -1.92 | -6.35 | -0.3 | 0.99 | 0.48 | -2.1 | -1.27 | -1.88 |
| Effective tax rate | — | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — | — |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | — | 0 | 0.02 | 0.01 | 0.09 | 0.12 | 0.08 | 0.11 | 0.38 | 0.51 |
| EPS (basic) | — | -0.01 | -0.02 | -0 | -0.01 | 0 | -0.01 | -0.16 | -1.32 | -1.32 |
| EPS (diluted) | — | -0.01 | -0.02 | -0 | -0.01 | 0 | -0.01 | -0.22 | -1.32 | -1.18 |
| Book value per share | — | -0 | 0.12 | 0.03 | 0.15 | 0.31 | 0.31 | 1.18 | 1.99 | -0.04 |
| FCF per share | — | 0 | -0.01 | -0 | 0 | -0.11 | -0.11 | -0.61 | -1.34 | -1.14 |
| Cash per share | — | 0.01 | 0 | 0 | 0.05 | 0.01 | 0 | 0.2 | 0.44 | 0.37 |
| Capex per share | — | — | — | — | 0 | 0 | 0 | 0.02 | — | — |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| Capex / revenue | — | — | — | — | 0% | 0.28% | 0.12% | 20.3% | — | — |
| Capex / operating cash flow | — | — | — | — | 0% | 1.42% | -0.1% | -3.97% | — | — |
| Payout ratio | — | — | — | — | — | — | — | — | — | 0% |
| Period |
|---|
| Q4 22 |
|---|
| Q1 23 |
|---|
| Q3 23 |
|---|
| Q4 23 |
|---|
| Q1 24 |
|---|
| Q3 24 |
|---|
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Revenue | $703.3K | $404.8K | $266.2K | $704.3K | $591.4K | $234.3K | $673.3K | $1.1M | $2.2M | $4.3M | $5.2M | $8.4M |
| YoY change | -50.4% | — | -64.2% | +0.15% | +46.1% | -12% | -4.4% | +92% | — | +1.8K% | +670.8% | +639.9% |
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 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 0 | 272.8K | 2.4K | 94.5K | 1.2M | 200.8K | 1.2K | 3.8M | 15.1M |
| Receivables | 100 | 100 | 387.7K | 197.2K | 243.1K | 121.1K | 46.4K | 206.4K | 4.2M |
| Inventory | — | — | — | — | — | — | — | — | 2.8M |
| Total current assets | 100 | 272.9K | 390.1K | 742K | 3.8M | 2.9M | 2.6M | 6.3M | 33.2M |
| Property, plant & equipment | — | — | — | 3.1K | 55.1K | 42K | 281.8K | 1.1M | 17.5M |
| Goodwill & intangibles | 57.5K | 102.2K | 5.1M | 5.8M | 10.8M | 16.5M | 17.2M | 19.2M | 58.3M |
| Total assets | 28.8K | 324K | 3.6M | 4.3M | 10M | 13.5M | 16.5M | 34.6M | 99.8M |
| Accounts payable | — | 175.4K | — | 33.8K | 251.8K | 157.3K | — | — | — |
| Short-term debt | — | — | — | — | — | 135.3K | 183.2K | 183.7K | 4.6M |
| Total current liabilities | 33.6K | 150.9K | 380.7K | 247K | 1.7M | 1.1M | 1.1M | 2.9M | 15M |
| Long-term debt | — | 240.2K | 250.7K | 679.8K | 4.7M | 4.8M | 8.1M | 9.9M | 16.8M |
| Total liabilities | 41.4K | 404.9K | 658.6K | 942.5K | 6.4M | 6M | 9.1M | 12.8M | 31.8M |
| Shareholders' equity | -12.6K | -80.9K | 2.9M | 3.4M | 3.6M | 7.6M | 7.3M | 21.8M | 68M |
| Total debt | — | 240.2K | 250.7K | 679.8K | 4.7M | 5M | 8.2M | 10.1M | 21.5M |
| Net debt | — | -32.6K | 248.3K | 585.3K | 3.5M | 4.8M | 8.2M | 6.4M | 15.5M |
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 22 | Q4 22 | Q3 23 | Q4 23 | Q1 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 3.1K | 200.8K | 4.9K | 1.2K | 147.8K | 93.5K | 3.8M | 2.8M | 10.3M | 19.5M | 15.1M | 15M |
| Receivables | 45.3K | 121.1K | 32.2K | 46.4K | 6.4K | 948 | 206.4K | 377K | 1.6M | 2.5M | 4.2M | 4.6M |
| Inventory | — | — | — | — | — | — | — | — | — | 1.2M | 2.8M | 2.5M |
| Total current assets | 4.4M | 2.9M | 2.6M | 2.6M | 3.1M | 1.7M | 6.3M | 5.3M | 15.3M | 28.9M | 33.2M | 38.6M |
| Property, plant & equipment | 47.4K | 42K | 303.6K | 281.8K | 271.2K | 196.3K | 1.1M | 1.9M | 3.8M | 9M | 17.5M | 20.4M |
| Goodwill & intangibles | 16.3M | 16.5M | 17.1M | 17.2M | 17.6M | 12.9M | 19.2M | 22.2M | 28.3M | 38.1M | 58.3M | 59.7M |
| Total assets | 12.7M | 13.5M | 15.9M | 16.5M | 18.2M | 15.7M | 34.6M | 38.1M | 52.9M | 78.6M | 99.8M | 109.5M |
| Accounts payable | 230.6K | 157.3K | — | — | — | — | — | — | — | — | — | — |
| Short-term debt | — | 135.3K | 186.7K | 183.2K | 187.8K | 134.8K | 183.7K | 131.4K | 57.5K | 110.1K | 4.6M | 4.6M |
| Total current liabilities | 1.3M | 1.1M | 1M | 1.1M | 1.1M | 1.1M | 2.9M | 4M | 2.3M | 5.3M | 15M | 14.6M |
| Long-term debt | 3.9M | 4.8M | 7.8M | 8.1M | 9.1M | 6.7M | 9.9M | 15.5M | 18.8M | 32M | 16.8M | 11.7M |
| Total liabilities | 5.1M | 6M | 8.9M | 9.1M | 10.2M | 7.8M | 12.8M | 19.5M | 21M | 37.3M | 31.8M | 26.3M |
| Shareholders' equity | 7.5M | 7.6M | 7M | 7.3M | 8M | 8M | 21.8M | 18.6M | 31.9M | 41.2M | 68M | 83.2M |
| Total debt | 3.9M | 5M | 8M | 8.2M | 9.3M | 6.8M | 10.1M | 15.7M | 18.8M | 32.1M | 21.5M | 16.3M |
| Net debt | 3.9M | 4.8M | 8M | 8.2M | 9.1M | 6.7M | 6.4M | 12.9M | 8.6M | 21.9M | 15.5M | 7.8M |
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 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Net income | -112.3K | -313.8K | -211.9K | -216.1K | 14.3K | -241.5K | -4.5M | -45.2M |
| Depreciation & amortization | 5.7K | 20.5K | 32.2K | 158K | 246.9K | 263.1K | 281.7K | 2.2M |
| Stock-based compensation | 24K | 293.5K | 182.4K | 0 | 266.4K | 0 | 521.5K | 2.9M |
| Change in working capital | 0 | 27.6K | -313.1K | 15.6K | -73.7K | -2.4M | -8.4M | -10.9M |
| Operating cash flow | -74.2K | -17.8K | -343.3K | 20.6K | 599.4K | -2.1M | -10M | -35.5M |
| Capital expenditure | — | — | — | 0 | -8.5K | -2.1K | -398.5K | — |
| Investing cash flow | 0 | 6.2K | -229.5K | 2.8K | -545.1K | -321.8K | -875.8K | -19.1M |
| Dividends paid | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | -46K | 0 | — | — |
| Financing cash flow | 267.1K | -57.9K | 837.7K | 1M | -569.2K | 2.8M | 14.9M | 64.1M |
| Net change in cash | 192.8K | -69.5K | 264.9K | 1.1M | -515K | 382.7K | 4M | 9.6M |
| Free cash flow | 5.8K | -231.4K | -488.7K | 49.7K | -2.7M | -2.6M | -11.3M | -45.7M |
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 | Q4 21 | Q4 22 | Q1 23 | Q4 23 | Q1 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -495.3K | 50.6K | -114.3K | 275.6K | -120.9K | -491.7K | -3.4M | -4.7M | -6.1M | -12.3M | -22.2M | -26.5M |
| Depreciation & amortization | 92.9K | 60.9K | 57.6K | 71.6K | 66.8K | 49.5K | 78.1K | 122.1K | 249.1K | 426.2K | 1.4M | 1.4M |
| Stock-based compensation | 0 | 0 | 0 | 0 | 32K | 0 | 489.5K | 395K | 35K | 35K | 2.4M | 8.9M |
| Change in working capital | 1.7M | 1.8M | -491.6K | -35.8K | -939.9K | -2.1M | -3.8M | -2.8M | -2.4M | -4.8M | -949.5K | -7M |
| Operating cash flow | 1.3M | 1.9M | -492.5K | 380.6K | -704.4K | -2.1M | -5.5M | -6.4M | -5.9M | -9.5M | -15.1M | -18.8M |
| Capital expenditure | — | 2.2K | — | -2.1K | 0 | -28.3K | -358.5K | -505.3K | — | — | — | — |
| Investing cash flow | 568K | 13.5K | 6.2K | 1.8M | 22.7K | -28.3K | -340.1K | -1.2M | -1.9M | — | 4.5M | 128K |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | 0 | — | — | — | — | — | — | — | — |
| Financing cash flow | -865.2K | 940.2K | 582.1K | 287K | 1.6M | 2.9M | 6.4M | 4.5M | 16.7M | 23.1M | 64.9M | 22.7M |
| Net change in cash | 1M | 2.9M | 95.8K | 2.5M | 871K | 753.2K | 585.3K | -3.2M | 8.8M | 13.7M | 54.3M | 4M |
| Free cash flow | 1.4M | 1.9M | -696.7K | -2M | -772.8K | -2.2M | -6.6M | -5.7M | -7.4M | -12.4M | -20.2M | -21.2M |