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 % |
|---|---|---|---|---|---|---|
| Q2 26 | -$0.04 | -$0.01 | +75.0% | — | $32.6M | — |
| Q1 26 | -$0.05 | -$0.03 | +40.0% | — | $26.5M | — |
| Q4 25 | -$0.04 | -$0.02 | +50.0% | — | $31.5M | — |
| Q2 25 | -$0.05 | -$0.03 | +40.0% | — | $23.4M | — |
| Q1 25 | -$0.07 | -$0.04 | +42.9% | — | $21.2M | — |
| Q4 24 | -$0.08 | -$0.08 | 0.0% | — | $22.4M | — |
| Q3 24 | -$0.09 | -$0.05 | +44.4% | — | $20.6M | — |
| Q2 24 | -$0.1 | -$0.07 | +30.0% | — | $21.5M | — |
| Q1 24 | -$0.12 | -$0.1 | +16.7% | — | $17.7M | — |
| Q4 23 | -$0.15 | -$0.21 | -40.0% | — | $16.5M | — |
| Q3 23 | -$0.15 | -$0.13 | +13.3% | — | $15.4M | — |
| Q2 23 | -$0.16 | -$0.14 | +12.5% | — | $18.5M | — |
| Q1 23 | -$0.19 | -$0.16 | +15.8% | — | $15.5M | — |
| Q4 22 | -$0.23 | -$0.15 | +34.8% | — | $19M | — |
| Q3 22 | -$0.24 | -$0.26 | -8.3% | — | $19.6M | — |
| Q2 22 | -$0.27 | -$0.18 | +33.3% | — | $19.2M | — |
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 | — | -$0.31 | — | — | $97.6M | — |
| FY24 | — | -$0.34 | — | — | $82.1M | — |
| FY23 | — | -$0.65 | — | — | $65.9M | — |
| FY22 | — | -$0.84 | — | — | $73.4M | — |
| FY21 | — | -$0.19 |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Revenue | $27.6M | $46.3M | $62.6M | $73.4M | $65.9M | $82.1M | $97.6M |
| YoY change | — | +67.7% | +35.3% | +17.3% | -10.2% | +24.5% | +19% |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | Q3 23 | Q4 23 |
|---|
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Revenue | 27.6M | 46.3M | 62.6M | 73.4M | 65.9M | 82.1M | 97.6M |
| Cost of revenue | 48.5M | 107.5M | 45.5M | 33.9M | 49M | 33.2M | 51.9M |
| Gross profit | -20.9M | -61.2M | 17.1M | 39.5M | 16.9M | 48.8M | 45.7M |
| Gross margin | -75.8% | -132.4% | 27.3% | 53.8% | 25.6% | 59.5% | 46.9% |
| Research & development | 48.9M | 49.7M | 74.5M | 88M | 55.6M | 37.8M | 36.3M |
| Selling, general & administrative | 32.5M | 50.7M | 135.3M | 137.1M | 88.7M | 85.4M | 95.9M |
| Operating expenses | 81.4M | 100.4M | 209.8M | 232.5M | 162.5M | 123.2M | 132.1M |
| Operating income | -102.3M | -161.6M | -192.7M | -193M | -145.6M | -74.4M | -86.4M |
| Operating margin | -370.9% | -349.4% | -308% | -263% | -221% | -90.7% | -88.5% |
| Non-operating income, net | -96K | -231K | 158.5M | 21M | 4.5M | -1.9M | 5M |
| Pretax income | -99.7M | -162.7M | -32.3M | -168.7M | -133.6M | -72.5M | -77M |
| Income tax | 0 | 39K | 121K | 42K | 82K | -32K | 110K |
| Net income | -99.7M | -162.7M | -32.4M | -168.7M | -133.7M | -72.5M | -77.1M |
| Net margin | -361.4% | -351.9% | -51.8% | -229.9% | -202.9% | -88.3% | -79% |
| EBITDA | -98.9M | -160.2M | -190.6M | -183.6M | -127.6M | -59.1M | -69.7M |
| EPS | -16.5 | -26.9 | -0.19 | -0.84 | -0.65 | -0.34 | -0.31 |
| Diluted EPS | -16.5 | -26.9 | -0.19 | -0.84 | -0.65 | -0.34 | -0.31 |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 15.4M | 16.5M | 17.7M | 21.5M | 20.6M | 22.4M | 21.2M | 23.4M | 21.5M | 31.5M | 26.5M | 32.6M |
| Cost of revenue | 6M | 29.1M | 7.4M | 8.9M | 8.3M | 8.6M | 7.8M | 8.5M | 25.2M | 10.3M | 8.2M | 9.3M |
| Gross profit | 9.4M | -12.5M | 10.3M | 12.6M | 12.2M | 13.7M | 13.4M | 14.9M | -3.8M | 21.2M | 18.3M | 23.3M |
| Gross margin | 60.8% | -75.9% | 58.2% | 58.6% | 59.5% | 61.5% | 63% | 63.7% | -17.5% | 67.3% | 68.9% | 71.4% |
| Research & development | 12.1M | 11.2M | 10.7M | 9.4M | 8.8M | 8.8M | 9.9M | 8.3M | 8.7M | 9.3M | 9.5M | 10.5M |
| Selling, general & administrative | 29.8M | 22.7M | 22.2M | 20.4M | 20.6M | 22.2M | 21.9M | 22.7M | 22.7M | 28.6M | 22.6M | 26.4M |
| Operating expenses | 51.2M | 34.2M | 32.9M | 29.8M | 29.5M | 31M | 31.8M | 31M | 31.4M | 37.9M | 32.2M | 37M |
| Operating income | -32.6M | -46.7M | -22.6M | -17.2M | -17.2M | -17.3M | -18.5M | -16.1M | -35.1M | -16.7M | -13.9M | -13.7M |
| Operating margin | -211.2% | -282.9% | -128.1% | -80.2% | -83.9% | -77.5% | -87% | -68.9% | -163.5% | -53% | -52.3% | -41.9% |
| Non-operating income, net | 3.3M | 874K | -348K | 561K | -522K | -1.6M | 3.2M | 1.2M | 121K | 564K | 289K | -43K |
| Pretax income | -27.4M | -44.1M | -21.8M | -15.7M | -16.9M | -18.2M | -14M | -13.8M | -34M | -15.2M | -12.7M | -12.9M |
| Income tax | 2K | 0 | 3K | 17K | 58K | -110K | 7K | 20K | 16K | 67K | 0 | 0 |
| Net income | -27.4M | -44.1M | -21.8M | -15.7M | -16.9M | -18.1M | -14M | -13.8M | -34M | -15.3M | -12.7M | -12.9M |
| Net margin | -177.5% | -267.1% | -123.2% | -73.1% | -82.3% | -81% | -65.8% | -59.2% | -158.1% | -48.5% | -47.8% | -39.6% |
| EBITDA | -26.9M | -42.5M | -18.7M | -13.4M | -12.7M | -14.3M | -12.1M | -12M | -31.9M | -13.7M | -11M | -11M |
| EPS | -0.13 | -0.21 | -0.1 | -0.07 | -0.08 | -0.08 | -0.06 | -0.06 | -0.13 | -0.06 | -0.05 | -0.05 |
| Diluted EPS | -0.13 | -0.21 | -0.1 | -0.07 | -0.08 | -0.08 | -0.06 | -0.06 | -0.13 | -0.06 | -0.05 | -0.05 |
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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Market cap | — | — | 1.2B | — | 221.8M | 660.5M | — | 2.4B |
| Enterprise value | — | — | 769M | — | 112.4M | 594.5M | — | 2.3B |
| Shares outstanding | 6.1M | 191.3M | 173.8M | 199.8M | 205.4M | 211.7M | 247.1M | 247.1M |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | -29.5 |
| P/S | — | — | 18.6 | — | 3.37 | 8.05 | — | 21.7 |
| P/B | — | — | 2.6 | — | 1.01 | 3.91 | — | 12.8 |
| EV/EBITDA | — | — | -4.03 | — | -0.88 | -10.1 | — | -49.8 |
| EV/Sales | — | — | 12.3 | — | 1.71 | 7.25 | — | 20.8 |
| Earnings yield | — | — | — | — | — | — | — | -3.39% |
| FCF yield | — | — | -16.9% | — | -47.2% | -6.72% | — | 0.04% |
| PEG | — | — | — | — | — | — | — | 1.77 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Gross margin | -75.8% | -132.4% | 27.3% | 53.8% | 25.6% | 59.5% | 46.9% | 71.4% |
| Operating margin | -370.9% | -349.4% | -308% | -263% | -221% | -90.7% | -88.5% | -30.9% |
| Net margin | -361.4% | -351.9% | -51.8% | -229.9% | -202.9% | -88.3% | -79% | -66.7% |
| ROE | — | 45% | -7.24% | -51.9% | -60.8% | -42.9% | -39.3% | -35.5% |
| ROA | — | -110.6% | -5.67% | -40.4% | -43.9% | -28.3% | -26% | -10.5% |
| ROIC | — | 43.9% | -357.4% | -161.6% | -131.6% | -72.3% | -131.2% | -94.7% |
| Return on tangible assets | — | -110.6% | -5.67% | -40.4% | -47.1% | -36.8% | -32.8% | -27.1% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Current ratio | — | 1.4 | 10.3 | 6.96 | 5.22 | 3.99 | 3.83 | 4.06 |
| Quick ratio | — | 1.03 | 9.55 | 5.79 | 3.57 | 2.53 | 2.88 | 3.06 |
| Debt / equity | — | -0.15 | 0.06 | 0.1 | 0.11 | 0.14 | 0.1 | 0.1 |
| Debt / assets | — | 0.37 | 0.05 | 0.08 | 0.08 | 0.09 | 0.07 | 0.07 |
| Net debt / EBITDA | — | 0.04 | 2.07 | 1.12 | 0.86 | 1.12 | 1.87 | 1.56 |
| Interest coverage | — | -141.6 | -48.6 | -84.3K | — | -56.5 | -50.6 | -55 |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Revenue per share | 4.55 | 0.24 | 0.36 | 0.37 | 0.32 | 0.39 | 0.39 | 0.44 |
| EPS (basic) | -16.5 | -26.9 | -0.19 | -0.84 | -0.65 | -0.34 | -0.31 | -0.31 |
| EPS (diluted) | -16.5 | -26.9 | -0.19 | -0.84 | -0.65 | -0.34 | -0.31 | -0.29 |
| Book value per share | — | -1.89 | 2.58 | 1.63 | 1.07 | 0.8 | 0.79 | 0.72 |
| FCF per share | -20.6 | -0.44 | -1.13 | -0.94 | -0.51 | -0.21 | -0.06 | -0.11 |
| Cash per share | — | 0.31 | 2.43 | 1.19 | 0.65 | 0.42 | 0.61 | 0.47 |
| Capex per share | 0.74 | 0.01 | 0.05 | 0.09 | 0.03 | 0.01 | — | — |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Capex / revenue | 16.2% | 5.14% | 12.6% | 24.9% | 8.76% | 3.24% | — | — |
| Capex / operating cash flow | -5% | -1.52% | 750.2% | -12.9% | -4.45% | -5.75% | — | — |
| Payout ratio | — | — | — | — | — | — | — | 0% |
| — |
| — |
| $62.6M |
| — |
| FY20 | — | -$26.9 | — | — | $46.3M | — |
| FY19 | — | -$16.5 | — | — | $27.6M | — |
| Q1 24 |
|---|
| Q2 24 |
|---|
| Q3 24 |
|---|
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $15.4M | $16.5M | $17.7M | $21.5M | $20.6M | $22.4M | $21.2M | $23.4M | $21.5M | $31.5M | $26.5M | $32.6M |
| YoY change | -21.4% | -13% | +14.1% | +16.2% | +33.3% | +35.3% | +20.2% | +8.82% | +4.51% | +41% | +25% | +39.5% |
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 | 60.2M | 422.8M | 237.8M | 134.4M | 88.8M | 150.5M |
| Receivables | 5.8M | 11.9M | 14.7M | 13.4M | 20.8M | 26.7M |
| Inventory | 25.8M | 36.2M | 60M | 73M | 70.8M | 61.4M |
| Total current assets | 97.3M | 511.9M | 357.1M | 231.3M | 192.6M | 249.1M |
| Property, plant & equipment | 6.9M | 38.8M | 52.9M | 41M | 13.1M | 5.9M |
| Goodwill & intangibles | — | — | 0 | 20.6M | 59.2M | 61.8M |
| Total assets | 147.2M | 572M | 417.6M | 304.3M | 256.1M | 296.5M |
| Accounts payable | 16.4M | 5.8M | 7.2M | 5.1M | 4.3M | 5.4M |
| Short-term debt | — | 1.4M | 1.9M | 2.2M | 2.4M | 2.7M |
| Total current liabilities | 69.7M | 49.8M | 51.3M | 44.3M | 48.2M | 65.1M |
| Long-term debt | 53.9M | 27.7M | 30M | 22.8M | 20.4M | 17.7M |
| Total liabilities | 509.1M | 124.3M | 92.2M | 84.2M | 87.3M | 100.6M |
| Shareholders' equity | -361.9M | 447.7M | 325.4M | 220.1M | 168.8M | 196M |
| Total debt | 53.9M | 29.1M | 31.9M | 25M | 22.8M | 20.4M |
| Net debt | -6.3M | -393.8M | -130.7M | -109.4M | -65.9M | -130.1M |
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 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 150M | 134.4M | 112.7M | 102.1M | 93.8M | 88.8M | 155.2M | 148.1M | 144.2M | 150.5M | 138M | 124.7M |
| Receivables | 13.6M | 13.4M | 13.9M | 16.1M | 20.6M | 20.8M | 19.9M | 24.5M | 24.4M | 26.7M | 25.2M | 34.6M |
| Inventory | 94M | 73M | 74.5M | 74.2M | 73.3M | 70.8M | 69.3M | 68.9M | 62.2M | 61.4M | 59.3M | 58.6M |
| Total current assets | 268.6M | 231.3M | 213.3M | 204.5M | 199.5M | 192.6M | 257.4M | 253.7M | 241.4M | 249.1M | 239.8M | 237.9M |
| Property, plant & equipment | 42.4M | 41M | 39.8M | 37.9M | 35.8M | 13.1M | 31.8M | 30.8M | 29.9M | 5.9M | 28.3M | 27.7M |
| Goodwill & intangibles | — | 20.6M | 10M | 9.6M | 9.3M | 59.2M | 8.6M | 8.2M | 7.9M | 61.8M | 7.2M | 6.8M |
| Total assets | 334.2M | 304.3M | 284.3M | 273.1M | 265.3M | 256.1M | 318.4M | 313.3M | 290M | 296.5M | 285.9M | 283M |
| Accounts payable | 8.1M | 5.1M | 5.8M | 4.5M | 3.7M | 4.3M | 2.3M | 3.3M | 3.3M | 5.4M | 2.8M | 3.5M |
| Short-term debt | 1.9M | 2.2M | 2.3M | 2.3M | 2.4M | 2.4M | 2.5M | 2.6M | 2.6M | 2.7M | 2.7M | 2.8M |
| Total current liabilities | 45.4M | 44.3M | 41.5M | 40.8M | 42.8M | 48.2M | 42.5M | 44.7M | 50.3M | 65.1M | 59.6M | 58.6M |
| Long-term debt | 23.4M | 22.8M | 22.3M | 21.7M | 21M | 20.4M | 19.8M | 19.1M | 18.4M | 17.7M | 17M | 16.3M |
| Total liabilities | 76.8M | 84.2M | 80.3M | 78.8M | 83.4M | 87.3M | 78.7M | 80.5M | 86.2M | 100.6M | 94.7M | 93.6M |
| Shareholders' equity | 257.4M | 220.1M | 204M | 194.3M | 181.8M | 168.8M | 239.7M | 232.8M | 203.8M | 196M | 191.2M | 189.4M |
| Total debt | 25.3M | 25M | 24.5M | 24M | 23.4M | 22.8M | 22.3M | 21.7M | 21M | 20.4M | 19.8M | 19.1M |
| Net debt | -124.7M | -109.4M | -88.1M | -78.1M | -70.3M | -65.9M | -133M | -126.5M | -123.2M | -130.1M | -118.2M | -105.6M |
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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Net income | -99.7M | -162.7M | -32.4M | -168.7M | -133.7M | -72.5M | -77.1M |
| Depreciation & amortization | 758K | 1.3M | 2.1M | 5.9M | 10.6M | 10.3M | 8.1M |
| Stock-based compensation | 6M | 11M | 47.8M | 42.5M | 27.5M | 21M | 23.4M |
| Change in working capital | 3.5M | -9.2M | -18.7M | -21.8M | -34.6M | -7.4M | 7.9M |
| Operating cash flow | -89.4M | -156.7M | 1.1M | -141.5M | -129.8M | -46.2M | -12.7M |
| Capital expenditure | -4.5M | -2.4M | -7.9M | -18.2M | -5.8M | -2.7M | — |
| Investing cash flow | -4.5M | -2.4M | -9.9M | -93.8M | 70.4M | -2.7M | 0 |
| Dividends paid | — | — | — | — | — | — | — |
| Share repurchases | — | -657K | — | — | — | — | — |
| Financing cash flow | 0 | 51.6M | 1.1B | -101K | 0 | -2.1M | 75.5M |
| Net change in cash | -93.9M | -107.4M | 1.1B | -235.4M | -59.4M | -50.9M | 62.8M |
| Free cash flow | -124.9M | -84.1M | -197.1M | -187.4M | -104.6M | -44.4M | -16M |
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 | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -27.4M | -44.1M | -21.8M | -15.7M | -16.9M | -18.1M | -14M | -13.8M | -34M | -15.3M | -12.7M | -12.9M |
| Depreciation & amortization | 4M | 2.2M | 2.6M | 2.6M | 2.6M | 2.5M | 2.4M | 2.1M | 1.9M | 1.8M | 1.8M | 1.7M |
| Stock-based compensation | 6.8M | 6.6M | 5.5M | 5.9M | 4.4M | 5.2M | 6.3M | 5.9M | 4.9M | 6.4M | 5.5M | 7M |
| Change in working capital | -3.7M | -1.3M | -2.9M | -3.1M | -3.9M | 2.5M | -361K | -3.7M | -78K | 11.9M | -3.4M | -15.5M |
| Operating cash flow | -20.3M | -35.5M | -16.1M | -9.8M | -13M | -7.3M | -5.3M | -7.2M | -2.9M | 9M | -13.9M | -16.3M |
| Capital expenditure | -1M | -2.5M | -1.1M | -699K | -413K | -408K | -353K | — | — | — | — | — |
| Investing cash flow | -1M | -2.5M | -1.1M | -699K | -413K | -408K | -353K | — | — | — | — | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | — | — | — | — | — | — | 78.3M | -103K | 0 | -2.7M | 0 | 0 |
| Net change in cash | -21.3M | -38M | -17.2M | -10.5M | -13.4M | -7.7M | 72.7M | -7.3M | -2.9M | 6.3M | -13.9M | -16.3M |
| Free cash flow | -17M | -15.6M | -21.8M | -10.7M | -8.3M | -3.5M | -12M | -8.1M | -3.9M | 7.9M | -14.8M | -17.2M |