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 25 | -$0.06 | -$0.06 | 0.0% | — | $54.2M | — |
| Q4 24 | -$0.02 | -$0.03 | -50.0% | — | $65.2M | — |
| Q3 24 | -$0.05 | -$0.04 | +20.0% | — | $65.6M | — |
| Q2 24 | -$0.07 | -$0.04 | +42.9% | — | $63.3M | — |
| Q1 24 | -$0.09 | -$0.07 | +22.2% | — | $53.1M | — |
| Q4 23 | -$0.1 | -$0.1 | 0.0% | — | $55.6M | — |
| Q3 23 | -$0.1 | -$0.1 | 0.0% | — | $56.1M | — |
| Q2 23 | -$0.1 | -$0.09 | +10.0% | — | $56.9M | — |
| Q1 23 | -$0.1 | -$0.09 | +10.0% | — | $49.8M | — |
| Q4 22 | -$0.09 | -$0.09 | 0.0% | — | $53.3M | — |
| Q3 22 | -$0.09 | -$0.09 | 0.0% | — | $54M | — |
| Q2 22 | -$0.06 | -$0.05 | +16.7% | — | $54.5M | — |
| Q1 22 | -$0.08 | -$0.05 | +37.5% | — | $51M | — |
| Q4 21 | -$0.04 | -$0.11 | -175.0% | — | $59.3M | — |
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 % |
|---|---|---|---|---|---|---|
| FY24 | — | -$0.25 | — | — | $247.3M | — |
| FY23 | — | -$0.39 | — | — | $218.3M | — |
| FY22 | — | -$0.36 | — | — | $212.8M | — |
| FY21 | — | -$0.65 | — | — | $192.2M | — |
| FY20 | — | -$0.2 | — | — |
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 |
|---|---|---|---|---|---|---|
| Revenue | $82.6M | $123.3M | $192.2M | $212.8M | $218.3M | $247.3M |
| YoY change | — | +49.3% | +55.9% | +10.7% | +2.61% | +13.3% |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | Q3 22 | Q4 22 | Q1 23 | Q2 23 | Q3 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 |
|---|---|---|---|---|---|---|
| Revenue | 82.6M | 123.3M | 192.2M | 212.8M | 218.3M | 247.3M |
| Cost of revenue | 13.7M | 21.6M | 28.8M | 39M | 41.6M | 41.9M |
| Gross profit | 68.8M | 101.7M | 163.4M | 173.8M | 176.7M | 205.4M |
| Gross margin | 83.4% | 82.5% | 85% | 81.7% | 80.9% | 83.1% |
| Research & development | 42.6M | 69.2M | 97.1M | 127.1M | 150M | 127.9M |
| Selling, general & administrative | 101.6M | 109.1M | 161.1M | 190.9M | 199M | 199.1M |
| Operating expenses | 144.3M | 178.3M | 258.2M | 318M | 349M | 327.1M |
| Operating income | -75.5M | -76.7M | -94.8M | -144.2M | -172.3M | -121.6M |
| Operating margin | -91.4% | -62.2% | -49.3% | -67.8% | -78.9% | -49.2% |
| Non-operating income, net | -92K | 817K | -539K | -1.3M | -505K | -99K |
| Pretax income | -73.1M | -75.1M | -95.2M | -136.2M | -147M | -97.4M |
| Income tax | 156K | 127K | 157K | 1.7M | 756K | 706K |
| Net income | -73.3M | -75.2M | -95.3M | -137.9M | -147.8M | -98.1M |
| Net margin | -88.8% | -61% | -49.6% | -64.8% | -67.7% | -39.7% |
| EBITDA | -73.4M | -73.6M | -90.6M | -138.5M | -166.5M | -117.7M |
| EPS | -0.19 | -0.2 | -0.65 | -0.36 | -0.39 | -0.25 |
| Diluted EPS | -0.19 | -0.2 | -0.65 | -0.36 | -0.39 | -0.25 |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | Q3 22 | Q4 22 | Q1 23 | Q2 23 | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 54M | 53.3M | 49.8M | 56.9M | 56.1M | 55.6M | 53.1M | 63.3M | 65.6M | 65.2M | 54.2M | 65.1M |
| Cost of revenue | 9.9M | 9.9M | 9.9M | 10.4M | 10.7M | 10.5M | 10M | 10.3M | 11.1M | 10.5M | 9.4M | 10.6M |
| Gross profit | 44.1M | 43.4M | 39.9M | 46.5M | 45.4M | 45M | 43.2M | 53M | 54.5M | 54.8M | 44.7M | 54.5M |
| Gross margin | 81.7% | 81.5% | 80.1% | 81.7% | 80.9% | 81% | 81.2% | 83.8% | 83% | 84% | 82.6% | 83.6% |
| Research & development | 33.4M | 32M | 33M | 37.1M | 39.6M | 40.3M | 31.3M | 31.1M | 31.9M | 33.6M | 33.5M | 34.6M |
| Selling, general & administrative | 47.1M | 47.7M | 45.7M | 50.8M | 50.1M | 52.4M | 46.6M | 70.9M | 43.4M | 38.2M | 38.2M | 40.1M |
| Operating expenses | 80.5M | 79.7M | 78.7M | 87.9M | 89.7M | 92.7M | 77.9M | 102M | 75.3M | 71.9M | 71.7M | 74.7M |
| Operating income | -36.4M | -36.3M | -38.8M | -41.4M | -44.4M | -47.7M | -34.7M | -49M | -20.8M | -17.1M | -27M | -20.3M |
| Operating margin | -67.5% | -68.2% | -78% | -72.8% | -79.1% | -85.8% | -65.4% | -77.4% | -31.7% | -26.2% | -49.9% | -31.1% |
| Non-operating income, net | -709K | 259K | -116K | -193K | -217K | 21K | -159K | 142K | 243K | -325K | 220K | 408K |
| Pretax income | -34.4M | -32.1M | -33.4M | -35.3M | -37.8M | -40.5M | -28.1M | -42.5M | -14.7M | -12.1M | -21.8M | -15.1M |
| Income tax | 319K | 1.3M | 301K | 124K | 289K | 42K | 199K | 316K | 168K | 23K | 141K | 268K |
| Net income | -34.7M | -33.4M | -33.7M | -35.4M | -38.1M | -40.5M | -28.3M | -42.8M | -14.9M | -12.1M | -22M | -15.4M |
| Net margin | -64.3% | -62.7% | -67.7% | -62.2% | -68% | -73% | -53.2% | -67.6% | -22.7% | -18.6% | -40.5% | -23.6% |
| EBITDA | -34.9M | -34.8M | -37.4M | -40M | -42.9M | -46.2M | -33.4M | -47.9M | -20M | -16.5M | -26.5M | -19.8M |
| EPS | -0.09 | -0.09 | -0.09 | -0.09 | -0.1 | — | -0.07 | -0.11 | -0.04 | -0.03 | -0.06 | -0.04 |
| Diluted EPS | -0.09 | -0.09 | -0.09 | -0.09 | -0.1 | — | -0.07 | -0.11 | -0.04 | -0.03 | -0.06 | -0.04 |
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 | Current |
|---|---|---|---|---|---|---|---|
| Market cap | — | — | — | — | 716.8M | 912.7M | 925.9M |
| Enterprise value | — | — | — | — | 252.3M | 526.5M | 405.1M |
| Shares outstanding | 383M | 383M | 146.3M | 378.7M | 379.3M | 385.1M | 385.1M |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | Current |
|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | -9.66 |
| P/S | — | — | — | — | 3.28 | 3.69 | 2.9 |
| P/B | — | — | — | — | 1.28 | 2.01 | 1.65 |
| EV/EBITDA | — | — | — | — | -1.52 | -4.47 | -4.75 |
| EV/Sales | — | — | — | — | 1.16 | 2.13 | 1.63 |
| Earnings yield | — | — | — | — | — | — | -10.4% |
| FCF yield | — | — | — | — | -8.31% | -2.26% | 2.29% |
| PEG | — | — | — | — | — | — | 0.15 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | Current |
|---|---|---|---|---|---|---|---|
| Gross margin | 83.4% | 82.5% | 85% | 81.7% | 80.9% | 83.1% | 83.6% |
| Operating margin | -91.4% | -62.2% | -49.3% | -67.8% | -78.9% | -49.2% | -49.9% |
| Net margin | -88.8% | -61% | -49.6% | -64.8% | -67.7% | -39.7% | -37% |
| ROE | — | 25.3% | -12.8% | -22.6% | -26.5% | -21.6% | -18.8% |
| ROA | — | -34.6% | -11.3% | -19.7% | -22.6% | -19.1% | -9.79% |
| ROIC | — | 19.4% | -96.8% | -161.4% | -183.2% | -180.9% | -161.2% |
| Return on tangible assets | — | -37.4% | -11.5% | -20% | -22.7% | -19.2% | -13.2% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | Current |
|---|---|---|---|---|---|---|---|
| Current ratio | — | 5.14 | 22.7 | 18 | 16 | 16.7 | 15.8 |
| Quick ratio | — | 5.14 | 22.7 | 18 | 16 | 16.7 | 13.7 |
| Debt / equity | — | -0.13 | 0.09 | 0.1 | 0.12 | 0.09 | 0.09 |
| Debt / assets | — | 0.18 | 0.08 | 0.09 | 0.1 | 0.08 | 0.07 |
| Net debt / EBITDA | — | 1.32 | 7.14 | 3.77 | 2.79 | 3.28 | 4.55 |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | Current |
|---|---|---|---|---|---|---|---|
| Revenue per share | 0.22 | 0.32 | 1.31 | 0.56 | 0.58 | 0.64 | 0.65 |
| EPS (basic) | -0.19 | -0.2 | -0.65 | -0.36 | -0.39 | -0.25 | -0.25 |
| EPS (diluted) | -0.19 | -0.2 | -0.65 | -0.36 | -0.39 | -0.25 | -0.24 |
| Book value per share | — | -0.78 | 5.09 | 1.61 | 1.47 | 1.18 | 1.14 |
| FCF per share | -0.17 | -0.12 | -0.41 | -0.17 | -0.16 | -0.05 | 0 |
| Cash per share | — | 0.36 | 4.89 | 1.54 | 1.4 | 1.11 | 1.09 |
| Capex per share | 0 | 0.01 | 0.06 | 0.01 | 0 | 0 | 0 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | Current |
|---|---|---|---|---|---|---|---|
| Capex / revenue | 0.63% | 4.07% | 4.6% | 1.49% | 0.12% | 0.16% | 0.25% |
| Capex / operating cash flow | -0.87% | -9.65% | -18.2% | -4.38% | -0.45% | -1.37% | 8.02% |
| Payout ratio | — | — | — | — | — | — | 0% |
| $123.3M |
| — |
| FY19 | — | -$0.19 | — | — | $82.6M | — |
| Q4 23 |
|---|
| Q1 24 |
|---|
| Q2 24 |
|---|
| Q3 24 |
|---|
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Revenue | $54M | $53.3M | $49.8M | $56.9M | $56.1M | $55.6M | $53.1M | $63.3M | $65.6M | $65.2M | $54.2M | $65.1M |
| YoY change | +2.37% | -10.2% | -2.41% | +4.31% | +3.96% | +4.29% | +6.78% | +11.3% | +17% | +17.4% | +1.94% | +2.85% |
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 |
|---|---|---|---|---|---|
| Cash & short-term investments | 137M | 715.8M | 583.3M | 531.1M | 427M |
| Receivables | 21.8M | 29.7M | 29.8M | 26.2M | 31.2M |
| Inventory | — | — | — | — | — |
| Total current assets | 165.4M | 761.7M | 625.3M | 566.9M | 466.7M |
| Property, plant & equipment | 43.5M | 72M | 64.4M | 65M | 17.2M |
| Goodwill & intangibles | 16.4M | 12.1M | 8.6M | 5M | 2.9M |
| Total assets | 217.7M | 840.1M | 699.6M | 654.6M | 514M |
| Accounts payable | 3.4M | 6.2M | 4.5M | 1.9M | 249K |
| Short-term debt | 3.3M | 7.1M | 7.8M | 6.2M | 8.5M |
| Total current liabilities | 32.2M | 33.5M | 34.7M | 35.4M | 27.9M |
| Long-term debt | 36.3M | 61.6M | 53.8M | 60.4M | 32.3M |
| Total liabilities | 515.6M | 95.1M | 88.5M | 96M | 60.5M |
| Shareholders' equity | -297.9M | 745M | 611.1M | 558.6M | 453.5M |
| Total debt | 39.6M | 68.7M | 61.6M | 66.6M | 40.7M |
| Net debt | -44M | -453.1M | 6.4M | 6.4M | -4.8M |
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 | Q1 23 | Q2 23 | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 604.5M | 583.3M | 574.8M | 551.6M | 539.7M | 531.1M | 497.8M | 456.5M | 424.7M | 427M | 417.9M | 413.3M |
| Receivables | 27M | 29.8M | 28M | 28.4M | 30M | 26.2M | 26.1M | 28.1M | 29.5M | 31.2M | 21.6M | 27.1M |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 641.7M | 625.3M | 614.1M | 592.1M | 580.8M | 566.9M | 540.2M | 493.2M | 469M | 466.7M | 451.8M | 448.2M |
| Property, plant & equipment | 66.9M | 64.4M | 71.2M | 69.2M | 67.2M | 65M | 62.9M | 19.4M | 18.3M | 17.2M | 16M | 15.3M |
| Goodwill & intangibles | 9.4M | 8.6M | 7.7M | 6.8M | 5.9M | 5M | 4.1M | 3.5M | 3M | 2.9M | 2.8M | 2.7M |
| Total assets | 713.9M | 699.6M | 694.8M | 684M | 670.1M | 654.6M | 633.1M | 542.1M | 517.7M | 514M | 495M | 490.4M |
| Accounts payable | 6.4M | 4.5M | 5.1M | 6M | 3.3M | 1.9M | 2.1M | 2.8M | 239K | 249K | 1M | 4.2M |
| Short-term debt | 7.6M | 7.8M | 5.7M | 5.8M | 6M | 6.2M | 6.4M | 8M | 8.3M | 8.5M | 8.7M | 9M |
| Total current liabilities | 34.6M | 34.7M | 33.2M | 37.1M | 34.6M | 35.4M | 32.7M | 32.7M | 26.8M | 27.9M | 28.6M | 32.8M |
| Long-term debt | 55.8M | 53.8M | 65.1M | 63.6M | 62M | 60.4M | 58.7M | 36.7M | 34.5M | 32.3M | 30M | 27.7M |
| Total liabilities | 90.5M | 88.5M | 98.4M | 101M | 96.9M | 96M | 91.6M | 69.8M | 61.6M | 60.5M | 58.9M | 60.8M |
| Shareholders' equity | 623.5M | 611.1M | 596.4M | 583.1M | 573.2M | 558.6M | 541.4M | 472.3M | 456M | 453.5M | 436.1M | 429.5M |
| Total debt | 63.4M | 61.6M | 70.8M | 69.5M | 68M | 66.6M | 65.1M | 44.7M | 42.7M | 40.7M | 38.7M | 36.7M |
| Net debt | -27.3M | 6.4M | 3M | -4.8M | 19.6M | 6.4M | -4.6M | -8.3M | -7M | -4.8M | -18.6M | -25.4M |
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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 |
|---|---|---|---|---|---|---|
| Net income | -73.3M | -75.2M | -95.3M | -137.9M | -147.8M | -98.1M |
| Depreciation & amortization | 2.1M | 3.1M | 4.2M | 5.7M | 5.8M | 3.9M |
| Stock-based compensation | 14.1M | 22.6M | 47.5M | 64.4M | 83M | 74.1M |
| Change in working capital | -2.1M | -2.7M | -4.7M | -2M | -131K | -10M |
| Operating cash flow | -59.3M | -52.1M | -48.6M | -72.2M | -59.4M | -29.5M |
| Capital expenditure | -517K | -5M | -8.8M | -3.2M | -267K | -404K |
| Investing cash flow | -73.8M | 36.8M | -149.5M | -342.4M | 66.5M | 86.4M |
| Dividends paid | — | — | — | — | — | — |
| Share repurchases | — | 0 | 0 | -77.2M | 0 | -75.5M |
| Financing cash flow | 169.8M | 0 | 622.2M | -78.2M | -273K | -95.4M |
| Net change in cash | 36.7M | -15.3M | 424.1M | -492.9M | 6.8M | -38.5M |
| Free cash flow | -64.5M | -46.6M | -60.1M | -63.7M | -59.5M | -20.6M |
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 | Q3 22 | Q4 22 | Q1 23 | Q2 23 | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -34.7M | -33.4M | -33.7M | -35.4M | -38.1M | -40.5M | -28.3M | -42.8M | -14.9M | -12.1M | -22M | -15.4M |
| Depreciation & amortization | 1.5M | 1.5M | 1.5M | 1.5M | 1.5M | 1.4M | 1.4M | 1.1M | 777K | 591K | 544K | 514K |
| Stock-based compensation | 17.3M | 17.5M | 15.8M | 21.6M | 23.3M | 22.3M | 19.5M | 16.2M | 18.4M | 19.9M | 17.1M | 17.1M |
| Change in working capital | -621K | -4.2M | 2.1M | 316K | -4.6M | 2.1M | 125K | -1.7M | -5.4M | -3M | 9.3M | -3.8M |
| Operating cash flow | -17M | -20.2M | -14.7M | -12.2M | -17.2M | -15.3M | -6.9M | -27.1M | -581K | 5.1M | 5.1M | -1.9M |
| Capital expenditure | -879K | -979K | -59K | -80K | -129K | 1K | -20K | -101K | -194K | -89K | -28K | -309K |
| Investing cash flow | 110.2M | -12M | 24.7M | 30.5M | -12.4M | 26.3M | 35.9M | 25.5M | 32M | -7M | 21.6M | 10.1M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | -52.3M | 68K | 0 | 0 | 0 | 0 | -15.1M | -38.4M | -19.8M | -2.2M | -9.1M | -5.4M |
| Financing cash flow | -52.3M | 68K | 0 | 0 | 0 | -36K | -16.3M | -42.9M | -25.5M | -10.8M | -15.1M | -8.6M |
| Net change in cash | 40.9M | -32.1M | 10M | 18.3M | -29.6M | 10.9M | 12.7M | -44.5M | 6M | -12.7M | 11.5M | -307K |
| Free cash flow | -13.6M | -20.7M | -13.8M | -12.4M | -18.4M | -14.9M | -13.6M | -5.5M | -13.2M | 11.7M | 340K | 2.6M |