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 | -$0.35 | -$0.15 | +57.1% | — | $33.3M | — |
| Q1 26 | -$0.39 | -$0.48 | -23.1% | — | $20.8M | — |
| Q4 25 | -$0.28 | -$0.06 | +78.6% | — | $35.2M | — |
| Q3 25 | -$0.35 | -$0.43 | -22.9% | — | $19.6M | — |
| Q2 25 | -$0.48 | -$0.4 | +16.7% | — | $22.2M | — |
| Q1 25 | -$0.46 | -$0.35 | +23.9% | — | $29.5M | — |
| Q4 24 | -$0.26 | -$0.38 | -46.2% | — | $30.4M | — |
| Q3 24 | -$0.49 | -$0.7 | -42.9% | — | $22.5M | — |
| Q2 24 | -$0.64 | -$0.67 | -4.7% | — | $24.9M | — |
| Q1 24 | -$0.64 | -$0.68 | -6.3% | — | $24.2M | — |
| Q4 23 | -$0.72 | -$0.23 | +68.1% | — | $35.5M | — |
| Q3 23 | -$0.88 | -$0.66 | +25.0% | — | $21.3M | — |
| Q2 23 | -$0.84 | -$1.12 | -33.3% | — | $19.3M | — |
| Q1 23 | -$1.06 | -$1.18 | -11.3% | — | $18.4M | — |
| Q4 22 | -$1.17 | -$1.09 | +6.8% | — | $19.4M | — |
| Q3 22 | -$1.38 | -$1.4 | -1.4% | — | $16.9M | — |
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 | — | -$2.09 | — | — | $106.6M | — |
| FY24 | — | -$2.66 | — | — | $102.1M | — |
| FY23 | — | -$3.2 | — | — | $94.5M | — |
| FY22 | — | -$5.04 | — | — | $65.3M | — |
| FY21 | — | -$27.1 | — |
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 | $21.1M | $34.1M | $65.3M | $94.5M | $102.1M | $106.6M |
| YoY change | — | +61.3% | +91.7% | +44.6% | +8.04% | +4.39% |
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 | Q1 24 | Q2 24 | Q3 24 |
|---|
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 | 21.1M | 34.1M | 65.3M | 94.5M | 102.1M | 106.6M |
| Cost of revenue | 23.9M | 34.7M | 35.8M | 33.8M | 27.4M | 35.3M |
| Gross profit | -2.7M | -663K | 29.5M | 60.7M | 74.7M | 71.3M |
| Gross margin | -12.9% | -1.95% | 45.2% | 64.2% | 73.1% | 66.9% |
| Research & development | 7.4M | 1.5M | 1.6M | 1.7M | 2.3M | 2.5M |
| Selling, general & administrative | 21.4M | 85.2M | 78.8M | 71.6M | 73.1M | 85.3M |
| Operating expenses | 28.9M | 86.8M | 80.4M | 73.3M | 75.4M | 87.8M |
| Operating income | -41.4M | -101.7M | -86.5M | -56M | -44.3M | -46.9M |
| Operating margin | -195.9% | -298.5% | -132.4% | -59.2% | -43.4% | -44% |
| Non-operating income, net | -1.1M | -89.4M | 16M | 11.8M | -1.9M | -12.1M |
| Pretax income | -47.7M | -244M | -74.9M | -53.2M | -56.8M | -70.1M |
| Income tax | 0 | 0 | 0 | 673K | 370K | 125K |
| Net income | -19.5M | -245.6M | -74.2M | -53.9M | -57.2M | -70.3M |
| Net margin | -92.4% | -720.7% | -113.5% | -57% | -56% | -65.9% |
| EBITDA | -32.4M | -233.8M | -45.9M | -7.2M | 2.3M | -12.1M |
| EPS | -1.35 | -27.1 | -5.04 | -3.2 | -2.66 | -2.09 |
| Diluted EPS | -1.35 | -27.1 | -5.04 | -3.2 | -2.66 | -2.09 |
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 | 21.3M | 35.5M | 24.2M | 24.9M | 22.5M | 30.4M | 29.5M | 22.2M | 19.6M | 35.2M | 20.8M | 33.3M |
| Cost of revenue | 6.8M | 12M | 7M | 6.9M | 6.7M | 6.9M | 12.6M | 6.2M | 6.8M | 9.6M | 7.3M | 9M |
| Gross profit | 14.5M | 23.5M | 17.2M | 18.1M | 15.9M | 23.5M | 16.9M | 16M | 12.8M | 25.6M | 13.4M | 24.3M |
| Gross margin | 68.2% | 66.2% | 71% | 72.4% | 70.5% | 77.4% | 57.4% | 71.9% | 65.3% | 72.6% | 64.7% | 72.8% |
| Research & development | 323K | 368K | 725K | 570K | 266K | 737K | 589K | 687K | 605K | 656K | 716K | 647K |
| Selling, general & administrative | 17.4M | 17.1M | 18.5M | 17.9M | 17.7M | 18.9M | 21.1M | 22M | 21.2M | 21M | 22M | 23.4M |
| Operating expenses | 17.7M | 17.4M | 19.3M | 18.5M | 18M | 19.6M | 21.7M | 22.7M | 21.8M | 21.7M | 22.7M | 24.1M |
| Operating income | -14.5M | -4.6M | -13.3M | -11.7M | -13.2M | -6.1M | -12M | -13.9M | -16.8M | -4.2M | -18.5M | -7.8M |
| Operating margin | -68.3% | -13.1% | -54.7% | -47% | -58.7% | -20% | -40.5% | -62.8% | -85.8% | -11.8% | -89.2% | -23.4% |
| Non-operating income, net | 17.3M | 3.5M | -253K | 5.3M | 3.6M | -10.5M | 2M | -24.4M | 4.2M | 6.1M | -8.2M | -10.5M |
| Pretax income | 813K | -3.4M | -15.7M | -9.1M | -12.6M | -19.4M | -12.8M | -41.2M | -15.3M | -847K | -29.7M | -20.8M |
| Income tax | 138K | 413K | 70K | 252K | 28K | 20K | 30K | 35K | 39K | 21K | 0 | 0 |
| Net income | 675K | -3.8M | -15.8M | -9.4M | -12.6M | -19.4M | -12.8M | -41.2M | -15.3M | -868K | -29.7M | -20.8M |
| Net margin | 3.17% | -10.7% | -65.2% | -37.7% | -55.8% | -63.9% | -43.4% | -185.8% | -78.2% | -2.46% | -142.8% | -62.5% |
| EBITDA | -2.2M | 10M | -1.5M | 71K | -1.7M | 5.4M | -3.9M | -5.9M | -7.5M | 5.3M | -8.1M | 1.7M |
| EPS | 0.04 | -0.24 | -0.88 | -0.48 | -0.66 | -1.01 | -0.42 | -1.27 | -0.44 | -0.02 | -0.82 | -0.54 |
| Diluted EPS | 0.04 | -0.24 | -0.88 | -0.48 | -0.66 | -1.01 | -0.42 | -1.27 | -0.44 | -0.02 | -0.82 | -0.54 |
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 | 1.2B | 513.9M | 181.4M | — | — | — | 939.2M |
| Enterprise value | 1.3B | 419.8M | 189.2M | — | — | — | 938.7M |
| Shares outstanding | 14.5M | 14.3M | 14.7M | 16.9M | 21.4M | 33.6M | 33.6M |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | -11 |
| P/S | 57.4 | 15.1 | 2.78 | — | — | — | 8.74 |
| P/B | -37 | 2.86 | 1.49 | — | — | — | 4.47 |
| EV/EBITDA | -40.4 | -1.8 | -4.12 | — | — | — | -56.1 |
| EV/Sales | 62 | 12.3 | 2.89 | — | — | — | 8.62 |
| Earnings yield | — | — | — | — | — | — | -9.1% |
| FCF yield | -2.63% | -10.7% | -30.9% | — | — | — | -7.61% |
| PEG | — | — | — | — | — | — | 0.19 |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Gross margin | -12.9% | -1.95% | 45.2% | 64.2% | 73.1% | 66.9% | 72.8% |
| Operating margin | -195.9% | -298.5% | -132.4% | -59.2% | -43.4% | -44% | -23.4% |
| Net margin | -92.4% | -720.7% | -113.5% | -57% | -56% | -65.9% | -61.2% |
| ROE | 59.5% | -136.8% | -60.9% | -57.8% | -60.9% | -74.1% | -44.8% |
| ROA | -16.3% | -80.3% | -31.7% | -24% | -22.5% | -18.2% | -7.53% |
| ROIC | -64.9% | -119% | -66.8% | -43.8% | -28% | -26.1% | -23.8% |
| Return on tangible assets | -20.9% | -87.1% | -35.1% | -26.6% | -25.7% | -19.7% | -13.6% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Current ratio | 0.33 | 5.85 | 3.29 | 2.89 | 4.1 | 3.48 | 5.83 |
| Quick ratio | 0.33 | 5.85 | 3.29 | 2.89 | 3.87 | 3.37 | 5.72 |
| Debt / equity | -3.1 | 0.4 | 0.66 | 0.94 | 1.24 | 2.21 | 1.05 |
| Debt / assets | 0.85 | 0.23 | 0.34 | 0.39 | 0.46 | 0.54 | 0.43 |
| Net debt / EBITDA | -2.98 | 0.4 | -0.17 | -4.83 | 28.2 | -7.04 | 1.49 |
| Interest coverage | -8.18 | -46.2 | -12.8 | -4.72 | -3.66 | -3.69 | -3.19 |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Revenue per share | 1.46 | 2.38 | 4.44 | 5.58 | 4.76 | 3.17 | 2.99 |
| EPS (basic) | -1.35 | -27.1 | -5.04 | -3.2 | -2.66 | -2.09 | -2.09 |
| EPS (diluted) | -1.35 | -27.1 | -5.04 | -3.2 | -2.66 | -2.09 | -1.73 |
| Book value per share | -2.26 | 12.6 | 8.28 | 5.5 | 4.38 | 2.83 | 5.21 |
| FCF per share | -2.2 | -3.85 | -3.81 | -1.93 | -1.03 | -1.33 | -1.81 |
| Cash per share | 0.35 | 11.6 | 4.9 | 3.1 | 2.45 | 3.71 | 5.72 |
| Capex per share | 0.02 | 0.09 | 0.79 | 0.9 | 0.73 | — | — |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Capex / revenue | 1.33% | 3.71% | 17.9% | 16.1% | 15.4% | — | — |
| Capex / operating cash flow | -1.45% | -1.43% | -36.6% | -146.7% | -306.5% | — | — |
| Payout ratio | — | — | — | — | — | — | 0% |
| — |
| $34.1M |
| — |
| FY20 | — | -$1.35 | — | — | $21.1M | — |
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $21.3M | $35.5M | $24.2M | $24.9M | $22.5M | $30.4M | $29.5M | $22.2M | $19.6M | $35.2M | $20.8M | $33.3M |
| YoY change | +25.5% | +82.9% | +31.7% | +29% | +6.06% | -14.5% | +21.9% | -11% | -13% | +15.9% | -29.7% | +50.1% |
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 | 5.1M | 165.6M | 72.2M | 52.5M | 52.5M | 124.5M |
| Receivables | 2.9M | 2.6M | 3.1M | 7.1M | 14.7M | 34.1M |
| Inventory | — | — | — | — | 6M | 6.2M |
| Total current assets | 18.2M | 178.7M | 88.5M | 79.3M | 106.7M | 206.8M |
| Property, plant & equipment | 83.5M | 110.7M | 126.1M | 124.7M | 130.2M | 163.1M |
| Goodwill & intangibles | 26.4M | 23.7M | 22.6M | 21.5M | 31.4M | 29.4M |
| Total assets | 119.9M | 305.8M | 234.1M | 224.1M | 254.1M | 386.2M |
| Accounts payable | 4.2M | 1.7M | 2.4M | 2.3M | 8.2M | 2.3M |
| Short-term debt | 16.8M | 49K | 530K | 621K | 2.7M | 8.7M |
| Total current liabilities | 55.4M | 30.5M | 26.9M | 27.5M | 26M | 59.5M |
| Long-term debt | 84.9M | 71.4M | 79.4M | 86.5M | 113.8M | 200.8M |
| Total liabilities | 152.7M | 126.1M | 112.2M | 130.9M | 160.2M | 291.4M |
| Shareholders' equity | -32.8M | 179.6M | 121.9M | 93.2M | 94M | 94.9M |
| Total debt | 101.7M | 71.5M | 79.9M | 87.2M | 116.5M | 209.5M |
| Net debt | 96.6M | -94.1M | 45.7M | 54.3M | 103.4M | 167M |
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 | — | — | — | — | — | — | — | — | 146.5M | 124.5M | 115.5M | 234.2M |
| Receivables | — | — | — | — | — | — | — | — | 4M | 34.1M | 24.6M | 28M |
| Inventory | — | — | — | — | — | — | — | — | 0 | 6.2M | 6.2M | 6.2M |
| Total current assets | — | — | — | — | — | — | — | — | 201M | 206.8M | 185.3M | 309.8M |
| Property, plant & equipment | 20.1M | 26.1M | 29.2M | 33.2M | 39.1M | 43.3M | 46.4M | 50.2M | 156M | 163.1M | 171.2M | 192.1M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | 30.3M | 29.4M | 28.3M | 27.6M |
| Total assets | — | — | — | — | — | — | — | — | 380.9M | 386.2M | 371.7M | 517M |
| Accounts payable | — | — | — | — | — | — | — | — | 11.9M | 2.3M | 3.3M | 5.4M |
| Short-term debt | — | — | — | — | — | — | — | — | 5.8M | 8.7M | 10M | 12.1M |
| Total current liabilities | — | — | — | — | — | — | — | — | 51.7M | 59.5M | 53.6M | 53.1M |
| Long-term debt | — | — | — | — | — | — | — | — | 196.9M | 200.8M | 200.9M | 209.2M |
| Total liabilities | — | — | — | — | — | — | — | — | 289.8M | 291.4M | 290.9M | 305.5M |
| Shareholders' equity | — | — | — | — | — | — | — | — | 91.1M | 94.9M | 80.8M | 211.5M |
| Total debt | — | — | — | — | — | — | — | — | 202.7M | 209.5M | 210.9M | 221.3M |
| Net debt | — | — | — | — | — | — | — | — | 173.9M | 167M | 171.5M | 184.4M |
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 | -47.7M | -244M | -74.9M | -53.9M | -57.2M | -70.3M |
| Depreciation & amortization | 9.8M | 14.3M | 37.3M | 44.4M | 44.1M | 31M |
| Stock-based compensation | 2M | 42.6M | 20M | 10.9M | 11.2M | 14.2M |
| Change in working capital | 15.4M | -3.1M | -15.6M | -23.7M | -11.7M | 21.2M |
| Operating cash flow | -19.4M | -88.7M | -31.9M | -10.4M | -5.1M | -28.3M |
| Capital expenditure | -281K | -1.3M | -11.7M | -15.3M | -15.7M | — |
| Investing cash flow | -18.4M | -63.6M | -80.6M | -15.2M | -68.3M | -70.4M |
| Dividends paid | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — |
| Financing cash flow | 3.4M | 274.7M | -5.1M | 29M | 55.4M | 131.3M |
| Net change in cash | -34.4M | 122.4M | -117.6M | 3.4M | -18.1M | 32.6M |
| Free cash flow | -32M | -55.1M | -56.1M | -32.7M | -22.1M | -44.5M |
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 | 675K | -3.8M | -15.8M | -9.4M | -12.6M | -19.4M | -12.8M | -41.2M | -15.3M | -868K | -29.7M | -20.8M |
| Depreciation & amortization | 11.4M | 10.9M | 11.4M | 11.5M | 11.3M | 10M | 7.4M | 7.4M | 8M | 8.2M | 9.4M | 8.2M |
| Stock-based compensation | 2.4M | 3.1M | 3.4M | 2.4M | 2.5M | 2.9M | 2.9M | 3.5M | 3.7M | 4.2M | 4.1M | 4.3M |
| Change in working capital | 4M | -24.5M | -2.4M | -3.5M | 1.2M | -6.9M | 36.5M | -1.8M | 9.6M | -17M | 6.7M | -14M |
| Operating cash flow | 18.3M | -2M | -1.6M | 2.9M | 4.6M | -11M | 36M | -7.3M | -39M | -9.3M | -2.4M | -3.5M |
| Capital expenditure | -3.9M | -3M | -3.3M | -3.3M | -5.7M | -3.4M | -4.5M | — | — | — | — | — |
| Investing cash flow | -8.3M | -277K | -15.1M | -7.9M | -4.4M | -41.4M | -24.1M | -22M | -56.7M | 28.1M | -5.5M | -132.2M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | -514K | 1.4M | 861K | 847K | 34M | -394K | 4.4M | 34.6M | 95M | -2.7M | 9.5M | 143.7M |
| Net change in cash | 9.5M | -888K | -15.9M | -4.2M | 34.2M | -52.8M | 16.3M | 5.3M | -680K | 16.1M | 1.7M | 8M |
| Free cash flow | -4M | -4.6M | -7.1M | -5.1M | -4.7M | -5.2M | 22.8M | -10.9M | -42.8M | -13.6M | -6.2M | -6.9M |