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 | -$0.06 | -$0.06 | 0.0% | — | $43.1M | — |
| Q1 26 | -$0.09 | -$0.07 | +22.2% | — | $41.9M | — |
| Q4 25 | -$0.05 | -$0.04 | +20.0% | — | $41.2M | — |
| Q2 25 | -$0.07 | -$0.04 | +42.9% | — | $38.1M | — |
| Q1 25 | -$0.11 | -$0.08 | +27.3% | — | $36.7M | — |
| Q4 24 | -$0.11 | -$0.07 | +36.4% | — | $37M | — |
| Q3 24 | -$0.09 | -$0.06 | +33.3% | — | $36.3M | — |
| Q2 24 | -$0.09 | -$0.07 | +22.2% | — | $36M | — |
| Q1 24 | -$0.11 | -$0.08 | +27.3% | — | $35.6M | — |
| Q4 23 | -$0.1 | -$0.01 | +90.0% | — | $35.7M | — |
| Q3 23 | -$0.12 | -$0.06 | +50.0% | — | $34.9M | — |
| Q2 23 | -$0.2 | -$0.11 | +45.0% | — | $34.3M | — |
| Q1 23 | -$0.26 | -$0.2 | +23.1% | — | $33.1M | — |
| Q4 22 | -$0.31 | -$0.18 | +41.9% | — | $32.5M | — |
| Q3 22 | -$0.31 | -$0.24 | +22.6% | — | $34.5M | — |
| Q2 22 | -$0.27 | -$0.23 | +14.8% | — | $33.7M | — |
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 | — | -$0.72 | — | — | $156.8M | — |
| FY24 | — | -$0.93 | — | — | $144.8M | — |
| FY23 | — | -$0.7 | — | — | $138.1M | — |
| FY22 | — | -$1.2 | — | — | $135.2M | — |
| FY21 | — |
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 | $48.6M | $68.4M | $114.3M | $135.2M | $138.1M | $144.8M | $156.8M |
| YoY change | — | +41% | +67.1% | +18.2% | +2.15% | +4.89% | +8.29% |
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 | 48.6M | 68.4M | 114.3M | 135.2M | 138.1M | 144.8M | 156.8M |
| Cost of revenue | 14.5M | 20.4M | 31.1M | 34.2M | 34.9M | 37.4M | 39.4M |
| Gross profit | 34.1M | 48M | 83.2M | 101M | 103.1M | 107.4M | 117.4M |
| Gross margin | 70.2% | 70.1% | 72.8% | 74.7% | 74.7% | 74.2% | 74.9% |
| Research & development | 25.4M | 26.6M | 34.4M | 59.3M | 51.6M | 51.5M | 56.6M |
| Selling, general & administrative | 39.1M | 45M | 72.7M | 113.6M | 101.4M | 102.4M | 109M |
| Operating expenses | 64.4M | 71.6M | 107.1M | 172.8M | 153M | 153.9M | 165.5M |
| Operating income | -30.4M | -22.5M | -23.8M | -71.8M | -49.8M | -46.5M | -48.1M |
| Operating margin | -62.5% | -32.9% | -20.8% | -53.1% | -36.1% | -32.1% | -30.7% |
| Non-operating income, net | — | — | — | — | — | -15.2M | — |
| Pretax income | -29.8M | -22.8M | -24.3M | -70.6M | -41.7M | -55.4M | -43.6M |
| Income tax | 10K | 71K | 81K | 186K | 443K | 332K | 743K |
| Net income | -29.8M | -22.9M | -24.3M | -70.8M | -42.1M | -55.8M | -44.4M |
| Net margin | -61.4% | -33.4% | -21.3% | -52.3% | -30.5% | -38.5% | -28.3% |
| EBITDA | -28.9M | -20.7M | -22M | -67.1M | -37.4M | -35.7M | -44.5M |
| EPS | -0.65 | -0.47 | -0.73 | -1.2 | -0.7 | -0.93 | -0.72 |
| Diluted EPS | -0.65 | -0.47 | -0.73 | -1.2 | -0.7 | -0.93 | -0.72 |
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 | 34.9M | 35.7M | 35.6M | 36M | 36.3M | 37M | 36.7M | 38.1M | 40.9M | 41.2M | 41.9M | 43.1M |
| Cost of revenue | 8.9M | 8.7M | 8.9M | 9.3M | 9.7M | 9.5M | 9.5M | 9.7M | 10M | 10.2M | 10.8M | 11M |
| Gross profit | 26M | 27M | 26.7M | 26.7M | 26.5M | 27.5M | 27.1M | 28.4M | 30.9M | 30.9M | 31.1M | 32.1M |
| Gross margin | 74.4% | 75.7% | 75.1% | 74.2% | 73.1% | 74.2% | 74.1% | 74.6% | 75.5% | 75.1% | 74.2% | 74.4% |
| Research & development | 12.1M | 10.5M | 12.1M | 12.9M | 12.8M | 13.8M | 14.3M | 14M | 13.4M | 15M | 14.7M | 14.9M |
| Selling, general & administrative | 16.8M | 24.2M | 27M | 26.2M | 24.6M | 24.6M | 25.5M | 26.3M | 32M | 25.2M | 26.5M | 26.4M |
| Operating expenses | 28.9M | 34.7M | 39.1M | 39.1M | 37.4M | 38.4M | 39.8M | 40.2M | 45.4M | 40.2M | 41.2M | 41.3M |
| Operating income | -2.9M | -7.7M | -12.3M | -12.4M | -10.9M | -10.9M | -12.6M | -11.8M | -14.5M | -9.2M | -10.1M | -9.2M |
| Operating margin | -8.29% | -21.5% | -34.7% | -34.4% | -30% | -29.5% | -34.4% | -31% | -35.3% | -22.4% | -24.1% | -21.4% |
| Non-operating income, net | — | — | — | — | — | — | — | — | — | — | — | — |
| Pretax income | -966K | -5.6M | -10.5M | -10.7M | -9M | -25.2M | -11.3M | -10.6M | -13.5M | -8.2M | -9.5M | -8.5M |
| Income tax | 64K | 282K | 86K | 105K | 118K | 23K | 137K | 210K | 140K | 256K | 141K | 135K |
| Net income | -1M | -5.8M | -10.6M | -10.8M | -9.2M | -25.2M | -11.4M | -10.8M | -13.7M | -8.5M | -9.6M | -8.7M |
| Net margin | -2.95% | -16.3% | -29.7% | -30.1% | -25.3% | -68.1% | -31.1% | -28.4% | -33.4% | -20.7% | -23% | -20.1% |
| EBITDA | 348K | -4.5M | -9.3M | -9.6M | -9.9M | -23.8M | -11.7M | -10.9M | -13.6M | -8.3M | -9.1M | -8.6M |
| EPS | -0.02 | — | -0.17 | -0.18 | -0.15 | -0.42 | -0.19 | -0.18 | -0.22 | -0.13 | -0.15 | -0.13 |
| Diluted EPS | -0.02 | — | -0.17 | -0.18 | -0.15 | -0.42 | -0.19 | -0.18 | -0.22 | -0.13 | -0.15 | -0.13 |
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 | — | — | — | — | 456.5M | 300.5M | 479M | 266.8M |
| Enterprise value | — | — | — | — | 306.1M | 180.6M | 371.3M | 174.3M |
| Shares outstanding | 46M | 49.2M | 33.2M | 58.8M | 60.1M | 60.2M | 61.7M | 61.7M |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | -5.78 |
| P/S | — | — | — | — | 3.31 | 2.07 | 3.05 | 1.6 |
| P/B | — | — | — | — | 2.28 | 2.04 | 3.74 | 2.25 |
| EV/EBITDA | — | — | — | — | -8.19 | -5.05 | -8.35 | -5.03 |
| EV/Sales | — | — | — | — | 2.22 | 1.25 | 2.37 | 1.04 |
| Earnings yield | — | — | — | — | — | — | — | -17.3% |
| FCF yield | — | — | — | — | -9.72% | -3.84% | -3.76% | 1.67% |
| PEG | — | — | — | — | — | — | — | 0.21 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Gross margin | 70.2% | 70.1% | 72.8% | 74.7% | 74.7% | 74.2% | 74.9% | 74.4% |
| Operating margin | -62.5% | -32.9% | -20.8% | -53.1% | -36.1% | -32.1% | -30.7% | -21.4% |
| Net margin | -61.4% | -33.4% | -21.3% | -52.3% | -30.5% | -38.5% | -28.3% | -24.2% |
| ROE | 40.1% | 24.1% | -9.06% | -31.6% | -21% | -37.8% | -34.6% | -31.3% |
| ROA | -83.1% | -28.9% | -8.47% | -27.6% | -18.2% | -30.9% | -25.6% | -13.8% |
| ROIC | 31.1% | 14.9% | -167.9% | -229.4% | -99.8% | -168% | -235% | -176.1% |
| Return on tangible assets | -92.9% | -31.5% | -8.47% | -29.2% | -22.1% | -33.3% | -27.5% | -27.1% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Current ratio | 3.47 | 5.95 | 15.1 | 10.2 | 8.32 | 6.11 | 3.78 | 3.77 |
| Quick ratio | 3.47 | 5.95 | 15.1 | 10.2 | 8.32 | 6.11 | 3.78 | 3.77 |
| Debt / equity | 0 | -0.02 | 0 | 0.05 | 0.05 | 0.06 | 0.05 | 0.05 |
| Debt / assets | 0 | 0.03 | 0 | 0.04 | 0.04 | 0.05 | 0.04 | 0.04 |
| Net debt / EBITDA | 0.8 | 2.72 | 11.5 | 2.87 | 4.02 | 3.35 | 2.42 | 2.42 |
| Interest coverage | -239.5 | -49 | -43.9 | -148.2 | -247.3 | -98.7 | — | — |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Revenue per share | 1.06 | 1.39 | 3.44 | 2.3 | 2.3 | 2.41 | 2.54 | 2.64 |
| EPS (basic) | -0.65 | -0.47 | -0.73 | -1.2 | -0.7 | -0.93 | -0.72 | -0.72 |
| EPS (diluted) | -0.65 | -0.47 | -0.73 | -1.2 | -0.7 | -0.93 | -0.72 | -0.62 |
| Book value per share | -1.62 | -1.93 | 8.09 | 3.81 | 3.33 | 2.45 | 2.08 | 1.85 |
| FCF per share | -0.67 | -0.5 | -0.75 | -0.86 | -0.74 | -0.19 | -0.29 | -0.25 |
| Cash per share | 0.51 | 1.19 | 7.69 | 3.46 | 2.65 | 2.14 | 1.86 | 1.56 |
| Capex per share | 0.07 | 0.04 | 0.09 | 0.07 | 0.08 | 0.05 | — | — |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Capex / revenue | 6.85% | 2.78% | 2.72% | 3.24% | 3.52% | 1.92% | — | — |
| Capex / operating cash flow | -12.4% | -7.49% | -11.5% | -10.4% | -15.2% | -9.71% | — | — |
| Payout ratio | — | — | — | — | — | — | — | 0% |
| -$0.73 |
| — |
| — |
| $114.3M |
| — |
| FY20 | — | -$0.47 | — | — | $68.4M | — |
| FY19 | — | -$0.65 | — | — | $48.6M | — |
| Q1 24 |
|---|
| Q2 24 |
|---|
| Q3 24 |
|---|
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $34.9M | $35.7M | $35.6M | $36M | $36.3M | $37M | $36.7M | $38.1M | $40.9M | $41.2M | $41.9M | $43.1M |
| YoY change | +1.36% | +9.85% | +7.37% | +5.04% | +3.79% | +3.52% | +3.04% | +5.84% | +12.8% | +11.3% | +14.3% | +13.2% |
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 | 23.2M | 58.6M | 255.5M | 203.2M | 159.6M | 129.1M | 114.6M |
| Receivables | 7.4M | 12.9M | 20.7M | 22.7M | 27M | 23.1M | 25.6M |
| Inventory | — | — | — | — | — | — | — |
| Total current assets | 31.9M | 72.8M | 280.9M | 231.5M | 192.3M | 156.9M | 153M |
| Property, plant & equipment | 3.6M | 5.7M | 6.2M | 17.3M | 17.8M | 16.3M | 13.7M |
| Goodwill & intangibles | 3.8M | 6.5M | 0 | 13.7M | 41.2M | 12.6M | 12.2M |
| Total assets | 35.9M | 79.1M | 287.4M | 256.3M | 231.5M | 180.3M | 173.6M |
| Accounts payable | 4M | 3.6M | 4.7M | 8.5M | 5.2M | 4M | 3.9M |
| Short-term debt | — | 1.1M | 989K | 1.9M | 1.9M | 2.3M | 2.7M |
| Total current liabilities | 9.2M | 12.2M | 18.6M | 22.8M | 23.1M | 25.7M | 40.4M |
| Long-term debt | 0 | 989K | 0 | 9M | 7.3M | 7M | 4.3M |
| Total liabilities | 110.3M | 174M | 18.7M | 32.7M | 31.2M | 32.8M | 45.5M |
| Shareholders' equity | -74.4M | -94.9M | 268.7M | 223.6M | 200.3M | 147.5M | 128.1M |
| Total debt | 0 | 2.1M | 989K | 10.9M | 9.2M | 9.3M | 7M |
| Net debt | -23.2M | -56.5M | -254.5M | -192.3M | -150.4M | -43.5M | -12.7M |
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 | 157.7M | 159.6M | 148.7M | 130M | 126.8M | 129.1M | 118.8M | 114.5M | 113.5M | 114.6M | 103M | 101.4M |
| Receivables | 27.1M | 27M | 24.5M | 22.9M | 21.3M | 23.1M | 22.3M | 23.9M | 24.2M | 25.6M | 26.8M | 28M |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 191M | 192.3M | 178.6M | 160.2M | 157.1M | 156.9M | 145.6M | 142.9M | 153.1M | 153M | 142.5M | 141.6M |
| Property, plant & equipment | 17.8M | 17.8M | 17.4M | 16.6M | 16.1M | 16.3M | 15.4M | 14.9M | 14.7M | 13.7M | 12.9M | 12.6M |
| Goodwill & intangibles | 41.3M | 41.2M | 41M | 40.9M | 40.7M | 12.6M | 12.5M | 12.4M | 12.3M | 12.2M | 12.1M | 12M |
| Total assets | 230.2M | 231.5M | 217.3M | 198M | 194.4M | 180.3M | 168M | 164.9M | 174.8M | 173.6M | 162.4M | 161.4M |
| Accounts payable | 6.5M | 5.2M | 2M | 4M | 3.4M | 4M | 5.4M | 3.1M | 3.5M | 3.9M | 2.7M | 4.2M |
| Short-term debt | 1.9M | 1.9M | 2M | 1.9M | 1.9M | 2.3M | 2.5M | 2.6M | 2.6M | 2.7M | 2.7M | 2.8M |
| Total current liabilities | 21.1M | 23.1M | 17M | 20.5M | 21M | 25.7M | 19.4M | 21.2M | 39M | 40.4M | 34M | 37.5M |
| Long-term debt | 7.7M | 7.3M | 6.8M | 6.4M | 5.9M | 7M | 6.3M | 5.7M | 5M | 4.3M | 3.6M | 2.9M |
| Total liabilities | 29.2M | 31.2M | 24.1M | 27.1M | 27.1M | 32.8M | 25.9M | 27M | 44.1M | 45.5M | 38.4M | 41.2M |
| Shareholders' equity | 201M | 200.3M | 193.2M | 170.9M | 167.3M | 147.5M | 142.2M | 137.9M | 130.6M | 128.1M | 123.9M | 120.2M |
| Total debt | 9.7M | 9.2M | 8.9M | 8.3M | 7.8M | 9.3M | 8.8M | 8.2M | 7.6M | 7M | 6.3M | 5.7M |
| Net debt | -148M | -150.4M | -139.8M | -121.7M | -68.7M | -43.5M | -25.7M | -13.5M | -21.2M | -12.7M | -11.3M | -5.2M |
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 | -29.8M | -22.9M | -24.3M | -70.8M | -42.1M | -55.8M | -44.4M |
| Depreciation & amortization | 803K | 1.6M | 1.7M | 3M | 4.2M | 3.9M | 3.7M |
| Stock-based compensation | 4.1M | 2M | 5.6M | 21.7M | 16.2M | 22.3M | 24.5M |
| Change in working capital | -2M | -7.6M | -11.2M | 816K | -12.3M | -1.1M | -12.9M |
| Operating cash flow | -26.9M | -25.4M | -27.1M | -42.1M | -31.9M | -28.6M | -14.9M |
| Capital expenditure | -3.3M | -1.9M | -3.1M | -4.4M | -4.9M | -2.8M | — |
| Investing cash flow | -3.3M | -1.9M | -3.1M | -9.7M | -6M | -78M | -15.2M |
| Dividends paid | — | — | — | — | — | — | — |
| Share repurchases | 0 | -138K | -476K | -548K | -89K | -20.2M | -105K |
| Financing cash flow | 44M | 59.5M | 219.2M | -590K | -129K | -20.7M | -443K |
| Net change in cash | 13.8M | 32.2M | 189M | -52.4M | -38.1M | -127.3M | -30.5M |
| Free cash flow | -30.6M | -24.6M | -24.7M | -50.4M | -44.4M | -11.5M | -18M |
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 | -1M | -5.8M | -10.6M | -10.8M | -9.2M | -25.2M | -11.4M | -10.8M | -13.7M | -8.5M | -9.6M | -8.7M |
| Depreciation & amortization | 1.1M | 1.1M | 1.1M | 1M | 989K | 834K | 927K | 902K | 902K | 927K | 977K | 596K |
| Stock-based compensation | -2.9M | 4.9M | 5.7M | 6.1M | 5.1M | 5.4M | 5.9M | 6.5M | 6.1M | 6M | 5.4M | 5.1M |
| Change in working capital | -2.6M | -870K | -2M | 84K | -1.2M | 2M | 896K | -5.4M | -10M | 1.5M | -4.9M | -633K |
| Operating cash flow | -4.9M | 379K | -5.6M | -3.2M | -3.7M | -16.1M | -3.3M | -4.2M | -979K | 762K | -11.7M | -1.1M |
| Capital expenditure | -1.1M | -1.3M | -688K | -656K | -876K | -557K | -523K | — | — | — | — | — |
| Investing cash flow | -1.1M | -1.3M | -688K | -656K | -50.8M | -38.6M | -7.7M | -7.7M | 9M | -9.4M | 10.3M | -4.4M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | -26K | -25K | -2.8M | -17.4M | -29K | -27K | -24K | -20K | -26K | -35K | -132K | -171K |
| Financing cash flow | -35K | -36K | -3.2M | -17.4M | -39K | -37K | -330K | -31K | -37K | -45K | -143K | -182K |
| Net change in cash | -6.1M | -926K | -9.5M | -21.2M | -54.6M | -54.7M | -11.3M | -11.9M | 8M | -8.6M | -1.5M | -5.6M |
| Free cash flow | -22M | 1.9M | -8M | -1.3M | -3.7M | 1.5M | -11M | -5.2M | -2M | 255K | -12.4M | -2.2M |