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 | $0.02 | $0.03 | +50.0% | — | $33.8M | — |
| Q1 26 | $0.01 | $0.02 | +100.0% | — | $30.8M | — |
| Q4 25 | $0.01 | $0.03 | +200.0% | — | $32.4M | — |
| Q3 25 | $0.01 | $0.02 | +100.0% | — | $32.9M | — |
| Q2 25 | -$0.01 | -$0.04 | -300.0% | — | — | — |
| Q1 25 | -$0.01 | $0.01 | +200.0% | — | — | — |
| Q3 24 | -$0.02 | $0.01 | +150.0% | — | — | — |
| Q2 24 | -$0.04 | -$0.02 | +50.0% | — | — | — |
| Q1 24 | -$0.07 | -$0.06 | +14.3% | — | — | — |
| Q4 23 | -$0.09 | -$0.09 | 0.0% | — | — | — |
| Q3 23 | -$0.09 | -$0.09 | 0.0% | — | — | — |
| Q2 23 | -$0.13 | -$0.09 | +30.8% | — | $42.8M | — |
| Q1 23 | -$0.18 | -$0.15 | +16.7% | — | $37.3M | — |
| Q4 22 | -$0.16 | -$0.21 | -31.2% | — | $42.8M | — |
| Q3 22 | -$0.17 | -$0.19 | -11.8% | — | $55.4M | — |
| Q2 22 | -$0.19 | -$0.19 | 0.0% | — | $65.5M | — |
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 | — | -$0.1 | — | — | $123.6M | — |
| FY24 | — | -$0.24 | — | — | $162M | — |
| FY23 | — | -$0.76 | — | — | $156.8M | — |
| FY22 | — | -$3.28 | — | — | $235.2M | — |
| FY21 | — | -$1.3 |
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 | $50.7M | $96M | $234.5M | $235.2M | $156.8M | $162M | $123.6M |
| YoY change | — | +89.5% | +144.2% | +0.3% | -33.3% | +3.3% | -23.7% |
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 | 50.7M | 96M | 234.5M | 235.2M | 156.8M | 162M | 123.6M |
| Cost of revenue | 19.5M | 34.3M | 118.5M | 145.6M | 75.7M | 71.5M | 32.4M |
| Gross profit | 31.1M | 61.7M | 116M | 89.7M | 81.1M | 90.5M | 91.2M |
| Gross margin | 61.4% | 64.3% | 49.5% | 38.1% | 51.7% | 55.9% | 73.8% |
| Research & development | 48.6M | 55.5M | 92.2M | 138.1M | 81.6M | 46.1M | 32.8M |
| Selling, general & administrative | 64.2M | 81.5M | 212.9M | 224.4M | 130.8M | 86.6M | 79.2M |
| Operating expenses | 112.8M | 137M | 305.1M | 362.5M | 212.4M | 132.7M | 112M |
| Operating income | -81.7M | -75.3M | -197.2M | -281.2M | -131.3M | -42.1M | -20.9M |
| Operating margin | -161.3% | -78.4% | -84.1% | -119.6% | -83.7% | -26% | -16.9% |
| Non-operating income, net | 283K | 700K | 493K | -460M | -17.7M | 5.6M | 20M |
| Pretax income | -81.4M | -74.6M | -208M | -766.1M | -179.8M | -43.3M | -878K |
| Income tax | 13K | 26K | -38.9M | -2.2M | 94K | 109K | 249K |
| Net income | -81.5M | -74.6M | -169.1M | -763.8M | -179.9M | -43.4M | -7M |
| Net margin | -160.7% | -77.7% | -72.1% | -324.7% | -114.7% | -26.8% | -5.65% |
| EBITDA | -76.7M | -68.2M | -182.9M | -261.9M | -118.3M | -24.3M | 3.8M |
| EPS | -0.37 | -0.34 | -1.3 | -3.28 | -0.76 | -0.24 | -0.1 |
| Diluted EPS | -0.37 | -0.34 | -1.3 | -3.28 | -0.76 | -0.24 | -0.1 |
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 | — | — | — | — | — | — | — | — | 32.9M | 32.4M | 30.8M | 33.8M |
| Cost of revenue | — | — | — | — | — | — | — | — | 8.4M | 8M | 7.5M | 9M |
| Gross profit | — | — | — | — | — | — | — | — | 24.5M | 24.4M | 23.4M | 24.9M |
| Gross margin | — | — | — | — | — | — | — | — | 74.4% | 75.4% | 75.8% | 73.5% |
| Research & development | — | — | — | — | — | — | — | — | 8.5M | 9.5M | 9.4M | 8.7M |
| Selling, general & administrative | — | — | — | — | — | — | — | — | 20.8M | 19.5M | 18.4M | 17.8M |
| Operating expenses | — | — | — | — | — | — | — | — | 29.3M | 28.9M | 27.8M | 26.5M |
| Operating income | — | — | — | — | — | — | — | — | -4.8M | -4.5M | -4.4M | -1.6M |
| Operating margin | — | — | — | — | — | — | — | — | -14.7% | -13.8% | -14.3% | -4.65% |
| Non-operating income, net | — | — | — | — | — | — | — | — | 17.3M | 1.3M | -622K | 217K |
| Pretax income | — | — | — | — | — | — | — | — | 12.4M | -3.1M | -5M | -1.4M |
| Income tax | — | — | — | — | — | — | — | — | 27K | 151K | 63K | 119K |
| Net income | — | — | — | — | — | — | — | — | 12.5M | -3.5M | -8M | -1.5M |
| Net margin | — | — | — | — | — | — | — | — | 38.1% | -10.7% | -26.1% | -4.38% |
| EBITDA | — | — | — | — | — | — | — | — | 13.7M | -1.7M | -2.3M | 33K |
| EPS | -0.18 | — | -0.09 | -0.09 | -0.03 | -0.03 | -0.05 | -0.04 | 0.03 | -0.03 | -0.05 | -0.03 |
| Diluted EPS | -0.18 | — | -0.09 | -0.09 | -0.03 | -0.03 | -0.05 | -0.04 | 0.03 | -0.03 | -0.05 | -0.03 |
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 | — | — | — | — | 625.3M | 1.1B | 787.2M | 257.8M |
| Enterprise value | — | — | — | — | 638M | 974.4M | 720.4M | 388.9M |
| Shares outstanding | 219.6M | 219.6M | 132M | 234.2M | 245.2M | 253.9M | 258.9M | 258.9M |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | -10.9 |
| P/S | — | — | — | — | 3.99 | 6.6 | 6.37 | 1.99 |
| P/B | — | — | — | — | 23.2 | -268.5 | -25.8 | -3.52 |
| EV/EBITDA | — | — | — | — | -5.4 | -40.1 | 189 | -26.8 |
| EV/Sales | — | — | — | — | 4.07 | 6.01 | 5.83 | 3 |
| Earnings yield | — | — | — | — | — | — | — | -9.17% |
| FCF yield | — | — | — | — | -20.5% | -2.14% | -0.01% | 9.12% |
| PEG | — | — | — | — | — | — | — | 0.44 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Gross margin | 61.4% | 64.3% | 49.5% | 38.1% | 51.7% | 55.9% | 73.8% | 73.5% |
| Operating margin | -161.3% | -78.4% | -84.1% | -119.6% | -83.7% | -26% | -16.9% | -4.65% |
| Net margin | -160.7% | -77.7% | -72.1% | -324.7% | -114.7% | -26.8% | -5.65% | 0.02% |
| ROE | -60.3% | -45.7% | -20.9% | -466% | -667.5% | 1.1K% | 22.9% | 2.1% |
| ROA | -50.5% | -34.6% | -15.2% | -176.5% | -87.3% | -24.4% | -4.11% | -5.66% |
| ROIC | -1.1K% | -267% | -39.8% | -673.5% | -330.5% | 42.7% | 21.4% | 11.4% |
| Return on tangible assets | -53.2% | -35% | -88.1% | -178.2% | -89.1% | -25% | -4.11% | -0.32% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Current ratio | 6.67 | 5.31 | 10.2 | 11.2 | 5.38 | 3.47 | 2.48 | 1.63 |
| Quick ratio | 6.67 | 5.31 | 10.2 | 11.2 | 5.38 | 3.47 | 2.48 | 1.62 |
| Debt / equity | 0 | 0.1 | 0.29 | 1.42 | 5.56 | -0.96 | -0.05 | 0.02 |
| Debt / assets | 0 | 0.08 | 0.21 | 0.54 | 0.73 | 0.02 | 0.01 | 0.01 |
| Net debt / EBITDA | 1.66 | 1.98 | 1.72 | 0.47 | -0.11 | 3.9 | -17.5 | -4.39 |
| Interest coverage | — | — | -17.4 | -29.9 | -4.84 | -5.42 | — | — |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 12.3% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0.23 | 0.44 | 1.78 | 1 | 0.64 | 0.64 | 0.48 | 0.51 |
| EPS (basic) | -0.37 | -0.34 | -1.3 | -3.28 | -0.76 | -0.24 | -0.1 | -0.1 |
| EPS (diluted) | -0.37 | -0.34 | -1.3 | -3.28 | -0.76 | -0.24 | -0.1 | -0.07 |
| Book value per share | 0.61 | 0.74 | 6.14 | 0.7 | 0.11 | -0.02 | -0.12 | -0.31 |
| FCF per share | -0.27 | -0.3 | -0.98 | -0.82 | -0.52 | -0.09 | -0 | 0.03 |
| Cash per share | 0.58 | 0.69 | 4.15 | 1.51 | 0.56 | 0.39 | 0.26 | 0.19 |
| Capex per share | 0 | 0.01 | 0.01 | 0.01 | 0 | 0.04 | — | — |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Capex / revenue | 1.14% | 1.38% | 0.8% | 0.88% | 0.37% | 6.08% | — | — |
| Capex / operating cash flow | -1.12% | -2.26% | -1.66% | -0.32% | -0.44% | -526.1% | — | — |
| Payout ratio | — | — | — | — | — | — | — | 0% |
| — |
| — |
| $234.5M |
| — |
| FY20 | — | -$0.34 | — | — | $96M | — |
| FY19 | — | -$0.37 | — | — | $50.7M | — |
| Q1 24 |
|---|
| Q2 24 |
|---|
| Q3 24 |
|---|
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | — | — | — | — | — | — | — | — | $32.9M | $32.4M | $30.8M | $33.8M |
| YoY change | — | — | — | — | — | — | — | — | — | — | — | — |
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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 127.3M | 151.7M | 547.2M | 354.1M | 136.9M | 98.5M | 68.3M |
| Receivables | 2.9M | 15M | 34.1M | 22.7M | 18.3M | 17.4M | 8.8M |
| Inventory | — | — | — | — | — | — | — |
| Total current assets | 144.8M | 186.1M | 613M | 396.1M | 169.8M | 135.2M | 97.9M |
| Property, plant & equipment | 3M | 17.3M | 20.9M | 17.4M | 12.5M | 13.8M | 24.4M |
| Goodwill & intangibles | 8.3M | 2.4M | 920.5M | 4.3M | 4.2M | 4.2M | — |
| Total assets | 161.3M | 215.7M | 1.1B | 432.8M | 206.1M | 178M | 170M |
| Accounts payable | 3.1M | 3.4M | 6.2M | 1.3M | 2.2M | 2.4M | 1.8M |
| Short-term debt | — | 2.6M | 3.9M | 4.1M | 4.4M | 3M | 254K |
| Total current liabilities | 21.7M | 35M | 60M | 35.5M | 31.6M | 38.9M | 39.5M |
| Long-term debt | 0 | 14M | 228.4M | 227.9M | 145.3M | 801K | 1.2M |
| Total liabilities | 26.3M | 52.4M | 301.9M | 268.8M | 179.1M | 182M | 200.5M |
| Shareholders' equity | 135M | 163.3M | 810.6M | 163.9M | 26.9M | -4M | -30.5M |
| Total debt | 0 | 16.6M | 232.3M | 232M | 149.7M | 3.8M | 1.5M |
| Net debt | -22.6M | -24.5M | 19.2M | 107.8M | 118.7M | -38.4M | -42.1M |
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 | 245M | 136.9M | 128M | 112.6M | 116.8M | 98.5M | 104.8M | 88.3M | 77.3M | 68.3M | 59M | 44.9M |
| Receivables | 19.6M | 18.3M | 18.2M | 19.6M | 15.9M | 17.4M | 10.7M | 15M | 12.2M | 8.8M | 17.9M | 14.4M |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 283.2M | 169.8M | 159.5M | 142.5M | 146.4M | 135.2M | 139.9M | 126.8M | 116M | 97.9M | 93.1M | 75.9M |
| Property, plant & equipment | 13.9M | 12.5M | 14.3M | 15.1M | 11.4M | 13.8M | 17.3M | 23M | 24.6M | 24.4M | 23.9M | 23.9M |
| Goodwill & intangibles | 4.2M | 4.2M | 4.2M | 4.2M | 4.2M | 4.2M | 77K | 73K | 69K | — | — | — |
| Total assets | 318.4M | 206.1M | 201.8M | 185.4M | 186.1M | 178M | 188.3M | 183.1M | 189.6M | 170M | 161.3M | 143.6M |
| Accounts payable | 2.1M | 2.2M | 1.9M | 1.1M | 1.9M | 2.4M | 2.7M | 1.2M | 772K | 1.8M | 259K | 418K |
| Short-term debt | 4.3M | 4.4M | 4.6M | 4.7M | 4.3M | 3M | 1.7M | 958K | 305K | 254K | 254K | 407K |
| Total current liabilities | 36.8M | 31.6M | 42.6M | 41.5M | 45.2M | 38.9M | 58.1M | 52.7M | 45.7M | 39.5M | 51.5M | 46.7M |
| Long-term debt | 227.1M | 145.3M | 145.3M | 5.2M | 955K | 801K | — | 1.4M | 1.3M | 1.2M | 1.1M | 1.6M |
| Total liabilities | 267.3M | 179.1M | 189.9M | 48.3M | 47.5M | 182M | 205.2M | 205.6M | 202.1M | 200.5M | 217.2M | 217.9M |
| Shareholders' equity | 51M | 26.9M | 11.9M | 137.1M | 138.6M | -4M | -16.9M | -22.6M | -12.5M | -30.5M | -55.9M | -74.4M |
| Total debt | 231.4M | 149.7M | 149.8M | 9.9M | 5.3M | 3.8M | 1.7M | 2.4M | 1.6M | 1.5M | 1.4M | 2M |
| Net debt | 146.9M | 118.7M | 65.3M | -35.6M | -49.8M | -38.4M | -54.5M | -34.1M | -53.4M | -42.1M | -36.1M | -21.3M |
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 | -81.5M | -74.6M | -169.1M | -763.8M | -179.9M | -43.4M | -1.1M |
| Depreciation & amortization | 4.8M | 6.3M | 13.8M | 14.4M | 5.8M | 4.8M | 3.8M |
| Stock-based compensation | 9.9M | 10.1M | 70.8M | 109.7M | 46M | 28.1M | 29M |
| Change in working capital | 11.2M | -4.7M | 856K | -13.9M | -6.3M | 4.9M | 3.5M |
| Operating cash flow | -51.8M | -58.5M | -113.6M | -643.7M | -133.6M | -1.9M | 11.5M |
| Capital expenditure | -580K | -1.3M | -1.9M | -2.1M | -587K | -9.8M | — |
| Investing cash flow | -65.5M | -7.9M | -633.9M | 99.4M | 127.3M | 45.4M | 30.3M |
| Dividends paid | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | -391K | — | 0 | -24.9M |
| Financing cash flow | 129.6M | 76.2M | 898.2M | -391K | -91.2M | -22.7M | -34.2M |
| Net change in cash | 12.3M | 9.8M | 150.7M | -544.7M | -97.6M | 20.8M | 7.6M |
| Free cash flow | -59.6M | -66.3M | -129.4M | -192.5M | -128.2M | -22.9M | -81K |
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 | -41.8M | -30.4M | -20.7M | -19.4M | -2.8M | -708K | -6.6M | -3.4M | 12.9M | -3.3M | -5.5M | -1.8M |
| Depreciation & amortization | 1.4M | 1.5M | 1.4M | 1.8M | 2.1M | 682K | 484K | 762K | 1.2M | 1.4M | 1.5M | 1.6M |
| Stock-based compensation | 9M | 6.2M | 8.1M | 7.3M | 6.7M | 6.1M | 6M | 7.5M | 7.7M | 7.6M | 6.8M | 7M |
| Change in working capital | 2.9M | -6.2M | 10.6M | -4M | -1.5M | -7.3M | 19.1M | -6.9M | -5.6M | -2.1M | 3.8M | 1.3M |
| Operating cash flow | -28.3M | -28.2M | -42K | -14M | 7.3M | -1.3M | 19.2M | -6.1M | -3.1M | 980K | 7.4M | 7.9M |
| Capital expenditure | -31K | -82K | -2M | -1.9M | -3.4M | -2.6M | -4.6M | — | — | — | — | — |
| Investing cash flow | 71.8M | 55.7M | 60.6M | -25.1M | 2.9M | -1.9M | 3.3M | -7.1M | 29.7M | -240K | 3M | 0 |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | -2.6M | -1.6M | -5M | -15.7M | -16.8M | -20.4M |
| Financing cash flow | -1.3M | -1.3M | -3.8M | -12.3M | -4.4M | -7.1M | -5.5M | -4.1M | -6.9M | -17.7M | -18M | -21.3M |
| Net change in cash | 42.2M | 26.2M | 56.8M | -51.4M | 5.8M | -10.3M | 17M | -17.2M | 19.7M | -17M | -7.6M | -13.4M |
| Free cash flow | -25.9M | -20.8M | -5.8M | -8.5M | -1.4M | -7.2M | 15.8M | -10.1M | -5.8M | -21K | 6.2M | 7.1M |