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 | -$5.1 | -$6.9 | -35.3% | — | $2.9M | — |
| Q4 25 | -$9.45 | -$5.44 | +42.4% | — | $3.6M | — |
| Q3 25 | -$36.8 | -$17.8 | +51.7% | — | $2.7M | — |
| Q2 25 | -$13.3 | -$13.1 | +1.9% | — | $3.4M | — |
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 | — | -$57.1 | — | — | $15.2M | — |
| FY24 | — | -$11.6 | — | — | $32.1M | — |
| FY23 | — | -$2.31 | — | — | $53.5M | — |
| FY22 | — | -$0.87 | — | — | $64.2M | — |
| FY21 | — | -$0.29 | — | — | $38.2M | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $38.2M | $64.2M | $53.5M | $32.1M | $15.2M |
| YoY change | — | +67.9% | -16.7% | -39.9% | -52.6% |
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 | $5.6M | $5.6M | $3.4M | $2.7M | $3.6M |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 38.2M | 64.2M | 53.5M | 32.1M | 15.2M |
| Cost of revenue | 9.1M | 13.5M | 12M | 10.6M | 5.7M |
| Gross profit | 29.2M | 50.7M | 41.5M | 21.5M | 9.6M |
| Gross margin | 76.3% | 79% | 77.6% | 67% | 62.8% |
| Research & development | 5.7M | 17M | 27.7M | 17.4M | 7.6M |
| Selling, general & administrative | 36M | 65.8M | 92.9M | 54.3M | 32.2M |
| Operating expenses | 41.7M | 82.7M | 120.6M | 71.7M | 39.7M |
| Operating income | -12.5M | -32M | -79.1M | -50.2M | -30.2M |
| Operating margin | -32.7% | -49.9% | -147.9% | -156.3% | -198% |
| Non-operating income, net | 3.8M | -1.2M | 9.3M | 46M | 1.5M |
| Pretax income | -12.4M | -37.6M | -80.3M | -6.5M | -28.7M |
| Income tax | 0 | 143K | 264K | 718K | 74K |
| Net income | -12.4M | -37.7M | -80.6M | -7.2M | -28.8M |
| Net margin | -32.4% | -58.8% | -150.8% | -22.4% | -188.8% |
| EBITDA | -12.3M | -31.5M | -79M | -29.9M | -31.8M |
| EPS | -0.29 | -0.87 | -2.31 | -11.6 | -57.1 |
| Diluted EPS | -0.29 | -0.87 | -2.31 | -11.6 | -57.1 |
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 | 5.6M | 5.6M | 3.4M | 2.7M | 3.6M | 2.9M |
| Cost of revenue | 3.1M | 1.4M | 882K | 1.4M | 2M | 1.7M |
| Gross profit | 2.5M | 4.2M | 2.5M | 1.3M | 1.6M | 1.2M |
| Gross margin | 45.3% | 74.6% | 73.9% | 49.1% | 44.5% | 41.7% |
| Research & development | 4.1M | 2.6M | 1.8M | 2M | 1.1M | 912K |
| Selling, general & administrative | 15.5M | 8.8M | 7.5M | 8.9M | 6.8M | 4M |
| Operating expenses | 19.6M | 11.4M | 9.3M | 10.9M | 7.9M | 5M |
| Operating income | -17.1M | -7.3M | -7M | -9.6M | -6.3M | -3.7M |
| Operating margin | -306.1% | -130.5% | -205.7% | -362.3% | -174.2% | -126.6% |
| Non-operating income, net | -2.9M | 5.9M | -2.3M | -2.2M | 186K | -522K |
| Pretax income | -20.1M | -1.4M | -9.3M | -11.9M | -6.1M | -6.1M |
| Income tax | 508K | 95K | 43K | 9K | -73K | 22K |
| Net income | -20.6M | -1.5M | -9.3M | -11.9M | -6M | -6.1M |
| Net margin | -367.9% | -26.9% | -276.3% | -447.1% | -167% | -206.8% |
| EBITDA | -18.7M | -4M | -10.5M | -10.5M | -6.8M | -4.3M |
| EPS | -7.95 | 1.54 | -19.2 | -22.9 | — | -6.9 |
| Diluted EPS | -7.95 | 0.2 | -19.2 | -22.9 | — | -6.9 |
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 | 47.1K | 25.8M | 7.7M | 38M | 15.4M | 5.4M |
| Receivables | — | 6.8M | 29.3M | 18.2M | 7.1M | 4M |
| Inventory | — | 2.7M | 3.9M | 6.2M | 3.4M | 2.7M |
| Total current assets | 47.1K | 37.3M | 43.4M | 64.8M | 27.2M | 12.8M |
| Property, plant & equipment | — | 1.7M | 5.3M | 6.4M | 4.5M | 2.3M |
| Goodwill & intangibles | — | — | — | — | — | — |
| Total assets | 330K | 39.4M | 51.4M | 71.7M | 32.8M | 15.8M |
| Accounts payable | 117.9K | 1.6M | 5.8M | 10.4M | 6.6M | 3.6M |
| Short-term debt | 170K | 24.1M | 54.3M | 39.6M | 869K | 28.5M |
| Total current liabilities | 287.9K | 31.6M | 75.9M | 65.4M | 18.9M | 38.4M |
| Long-term debt | — | 2M | 5.3M | 2.3M | 37.1M | 571K |
| Total liabilities | 287.9K | 73.6M | 83.7M | 142.2M | 110.8M | 93M |
| Shareholders' equity | -3K | -34.3M | -32.3M | -70.5M | -78M | -77.2M |
| Total debt | 170K | 26.1M | 59.5M | 41.9M | 37.9M | 29M |
| Net debt | 122.9K | 300K | 51.8M | 3.8M | 22.5M | 23.6M |
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 | 15.4M | 20.4M | 12.7M | 6.1M | 5.4M | 5.1M |
| Receivables | 7.1M | 8.3M | 5.8M | 4M | 4M | 3.5M |
| Inventory | 3.4M | 3.4M | 3.8M | 3.7M | 2.7M | 2.1M |
| Total current assets | 27.2M | 33.2M | 23.5M | 14.6M | 12.8M | 11.3M |
| Property, plant & equipment | 4.5M | 4.2M | 3.7M | 2.6M | 2.3M | 2.1M |
| Goodwill & intangibles | — | — | — | — | — | — |
| Total assets | 32.8M | 38.4M | 28.2M | 18.1M | 15.8M | 14M |
| Accounts payable | 6.6M | 5M | 3.8M | 2.8M | 3.6M | 3.1M |
| Short-term debt | 869K | 829K | 597K | 471K | 28.5M | 29M |
| Total current liabilities | 18.9M | 15.9M | 11.6M | 11.6M | 38.4M | 37.3M |
| Long-term debt | 37.1M | 32.1M | 29.9M | 32.9M | 571K | 455K |
| Total liabilities | 110.8M | 108.2M | 92.1M | 101.1M | 93M | 91.9M |
| Shareholders' equity | -78M | -69.8M | -64M | -82.9M | -77.2M | -77.9M |
| Total debt | 37.9M | 33M | 30.5M | 33.4M | 29M | 29.4M |
| Net debt | 22.5M | 12.6M | 17.8M | 27.3M | 23.6M | 24.4M |
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 | — | — | — | — | — | — | 4.7M |
| Enterprise value | — | — | — | — | — | — | 82M |
| Shares outstanding | — | 46.5M | 46.5M | 35.6M | 2.2M | 503K | 503K |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | 32.9 |
| P/S | — | — | — | — | — | — | 0.32 |
| P/B | — | — | — | — | — | — | -0.05 |
| EV/EBITDA | — | — | — | — | — | — | -3.03 |
| EV/Sales | — | — | — | — | — | — | 6.51 |
| Earnings yield | — | — | — | — | — | — | 3.04% |
| FCF yield | — | — | — | — | — | — | -283.4% |
| PEG | — | — | — | — | — | — | -0.06 |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Gross margin | — | 76.3% | 79% | 77.6% | 67% | 62.8% | 41.7% |
| Operating margin | — | -32.7% | -49.9% | -147.9% | -156.3% | -198% | -126.6% |
| Net margin | — | -32.4% | -58.8% | -150.8% | -22.4% | -188.8% | -264.7% |
| ROE | — | 36.1% | 116.8% | 114.4% | 9.23% | 37.3% | 37.3% |
| ROA | — | -31.5% | -73.5% | -112.4% | -21.9% | -182.3% | -66.8% |
| ROIC | — | 36.8% | -163.9% | 118.6% | 90.6% | 56.3% | 49.7% |
| Return on tangible assets | — | -31.5% | -73.5% | -112.4% | -21.9% | -182.3% | -238.3% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Current ratio | — | 1.18 | 0.57 | 0.99 | 1.44 | 0.33 | 0.3 |
| Quick ratio | — | 1.09 | 0.52 | 0.9 | 1.26 | 0.26 | 0.25 |
| Debt / equity | — | -0.76 | -1.84 | -0.59 | -0.49 | -0.38 | -0.01 |
| Debt / assets | — | 0.66 | 1.16 | 0.58 | 1.16 | 1.84 | 2.1 |
| Net debt / EBITDA | — | -0.02 | -1.65 | -0.05 | -0.75 | -0.74 | -0.76 |
| Interest coverage | — | -2.38 | -7.5 | -6.6 | -1.86 | — | -17.3 |
| Effective tax rate | — | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Revenue per share | — | 0.82 | 1.38 | 1.5 | 14.3 | 30.3 | 1.3 |
| EPS (basic) | — | -0.29 | -0.87 | -2.31 | -11.6 | -57.1 | -57.1 |
| EPS (diluted) | — | -0.29 | -0.87 | -2.31 | -11.6 | -57.1 | -3.96 |
| Book value per share | — | -0.74 | -0.69 | -1.98 | -34.7 | -153.5 | -5.2 |
| FCF per share | — | -0.33 | -1.04 | -1.84 | -29.2 | -57.6 | -25.5 |
| Cash per share | — | 0.56 | 0.17 | 1.07 | 6.84 | 10.8 | 0.34 |
| Capex per share | — | 0.02 | 0.03 | 0.05 | 0.71 | 0 | 0 |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Capex / revenue | — | 2.38% | 2.41% | 3% | 5% | 0% | 0% |
| Capex / operating cash flow | — | -6.34% | -2.78% | -1.69% | -2.07% | 0% | 0% |
| $2.9M |
| YoY change | — | — | — | — | -35.4% | -47.2% |
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 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Net income | -12.4M | -37.7M | -80.6M | -80.6M | -28.8M |
| Depreciation & amortization | 707K | 895K | 746K | 746K | 983K |
| Stock-based compensation | 313K | 437K | 8.4M | 8.4M | 3.1M |
| Change in working capital | -2.7M | -21.4M | -1.1M | -1.1M | -3.6M |
| Operating cash flow | -14.4M | -55.7M | -94.8M | -77.6M | -24.6M |
| Capital expenditure | -912K | -1.6M | -1.6M | -1.6M | 0 |
| Investing cash flow | -912K | -1.6M | -1.6M | -1.6M | 0 |
| Dividends paid | — | — | — | — | — |
| Share repurchases | — | — | — | — | — |
| Financing cash flow | 28.4M | 30.4M | 95.8M | 95.8M | 19M |
| Net change in cash | 13.1M | -26.9M | -636K | 16.6M | -5.6M |
| Free cash flow | -15.2M | -48.5M | -65.6M | -65.6M | -28.9M |
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 | -20.6M | -1.5M | -9.3M | -11.9M | -6M | -6.1M |
| Depreciation & amortization | 219K | 203K | 347K | 268K | 165K | 171K |
| Stock-based compensation | 839K | 897K | 1M | 531K | 702K | 638K |
| Change in working capital | -1.8M | -3.5M | 589K | -79K | -620K | 121K |
| Operating cash flow | -19.6M | -7.2M | -6.7M | -9.6M | -4.4M | -1M |
| Capital expenditure | 0 | 0 | 0 | 0 | 0 | 0 |
| Investing cash flow | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends paid | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — |
| Financing cash flow | -53K | 14.5M | -71K | -55K | 4.6M | 0 |
| Net change in cash | -19.7M | 7.3M | -6.8M | -9.7M | 191K | -1M |
| Free cash flow | -13.3M | -9.5M | -7.6M | -6.5M | -5.3M | -3.2M |