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 26 | -$0.6 | -$0.38 | +36.7% | — | — | — |
| Q4 25 | -$0.65 | -$1.18 | -81.5% | — | — | — |
| Q3 25 | -$1.95 | -$1.44 | +26.2% | — | — | — |
| Q2 25 | -$1.31 | -$3.8 | -190.1% | — | — | — |
| Q1 25 | -$3.89 | -$4.41 | -13.4% | — | $11.6M | — |
| Q3 24 | -$2.78 | -$3.95 | -42.1% | — | $10.2M | — |
| Q2 24 | -$3.19 | -$3.04 | +4.7% | — | $9.4M | — |
| Q1 24 | -$2.76 | -$2.25 | +18.5% | — | $8.4M | — |
| Q4 23 | -$3.18 | -$2.82 | +11.3% | — | $6.9M | — |
| Q3 23 | -$2.84 | -$3.02 | -6.3% | — | $6.8M | — |
| Q2 23 | -$2.55 | -$2.84 | -11.4% | — | $7.2M | — |
| Q1 23 | -$2.93 | -$2.83 | +3.4% | — | $6.7M | — |
| Q4 22 | -$3.4 | -$2.98 | +12.4% | — | $6.6M | — |
| Q3 22 | -$3.49 | -$3.82 | -9.5% | — | $6.3M | — |
| Q2 22 | -$2.6 | -$4.17 | -60.4% | — | $6.3M | — |
| Q1 22 | -$0.12 | -$0.32 | -166.7% | — | $282K | — |
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 | — | -$5.61 | — | — | $48.4M | — |
| FY24 | — | -$14.1 | — | — | $38.1M | — |
| FY23 | — | -$15.6 | — | — | $27.6M | — |
| FY22 | — | -$16.5 | — | — | $19.5M | — |
| FY21 | — | -$13.8 | — | — |
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 | $82K | $638K | $19.5M | $27.6M | $38.1M | $48.4M |
| YoY change | — | +678% | +3K% | +41.5% | +38.4% | +26.8% |
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 | 82K | 638K | 19.5M | 27.6M | 38.1M | 48.4M |
| Cost of revenue | 91K | 432K | 17.3M | 25.3M | 34M | 42.5M |
| Gross profit | -9K | 206K | 2.2M | 2.2M | 4.1M | 5.9M |
| Gross margin | -11% | 32.3% | 11.4% | 8.04% | 10.7% | 12.1% |
| Research & development | 1.1M | 3.4M | 14.1M | 16.1M | 22.3M | 25.6M |
| Selling, general & administrative | 6.8M | 41.5M | 82.7M | 64.6M | 40.8M | 42.9M |
| Operating expenses | 7.9M | 44.8M | 96.7M | 80.6M | 63.1M | 68.5M |
| Operating income | -7.9M | -44.7M | -94.5M | -78.4M | -59M | -62.6M |
| Operating margin | -9.6K% | -7K% | -485.4% | -284.6% | -154.6% | -129.5% |
| Non-operating income, net | — | -4.8M | 189K | -19.8M | -2M | 415K |
| Pretax income | -8.4M | -56.1M | -111.1M | -124M | -119.9M | -94.4M |
| Income tax | 0 | 0 | — | — | — | — |
| Net income | -8.4M | -56.1M | -111.1M | -124M | -119.9M | -94.4M |
| Net margin | -10.3K% | -8.8K% | -570.4% | -450% | -314.4% | -195.1% |
| EBITDA | -7.6M | -43.7M | -83.9M | -65.1M | -42.9M | -35.7M |
| EPS | -2.22 | -13.8 | -16.5 | -15.6 | -14.1 | -5.61 |
| Diluted EPS | -2.22 | -13.8 | -16.5 | -15.6 | -14.1 | -5.61 |
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 | 6.8M | 6.9M | 8.4M | 9.4M | 10.2M | 10.1M | 11.6M | 12.1M | 12.2M | 12.5M | 13.3M | 13.8M |
| Cost of revenue | 6.4M | 6.2M | 7.6M | 8.1M | 8.8M | 9.5M | 10.1M | 10.6M | 10.8M | 10.9M | 11.8M | 12.8M |
| Gross profit | 405K | 680K | 786K | 1.4M | 1.4M | 540K | 1.5M | 1.5M | 1.4M | 1.5M | 1.5M | 1M |
| Gross margin | 5.95% | 9.9% | 9.38% | 14.3% | 13.8% | 5.36% | 12.6% | 12.2% | 11.5% | 12.2% | 11.5% | 7.55% |
| Research & development | 5M | 4M | 3.5M | 4.5M | 7.1M | 7.2M | 7M | 6.5M | 6.7M | 5.4M | 5.7M | 4.6M |
| Selling, general & administrative | 14.4M | 17.5M | 7.6M | 10.7M | 12.3M | 10.1M | 8.9M | 9.2M | 11.5M | 13.3M | 8.7M | 10.4M |
| Operating expenses | 19.4M | 21.5M | 11.1M | 15.2M | 19.4M | 17.3M | 15.9M | 15.6M | 18.2M | 18.7M | 14.5M | 15M |
| Operating income | -19M | -20.8M | -10.3M | -13.9M | -18M | -16.8M | -15.7M | -15.4M | -18.2M | -13.2M | -13.9M | -13.9M |
| Operating margin | -279% | -302.5% | -122.9% | -146.8% | -176% | -166.6% | -135.6% | -127.7% | -149.4% | -106.1% | -104.5% | -100.7% |
| Non-operating income, net | 1.8M | -36.9M | -4.1M | 1.1M | 2M | -981K | -3.1M | -1.5M | -3.6M | 8.7M | 5.3M | -1.4M |
| Pretax income | -24.3M | -65.6M | -24.1M | -25.3M | -34.3M | -36.3M | -37.7M | -21.6M | -26.4M | -8.7M | -12.7M | -19.8M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — |
| Net income | -24.3M | -65.6M | -24.1M | -25.3M | -34.3M | -36.3M | -37.7M | -21.6M | -26.4M | -8.7M | -12.7M | -19.8M |
| Net margin | -356.2% | -954.8% | -286.9% | -267.6% | -335.2% | -360.1% | -324.6% | -178.3% | -216.6% | -69.8% | -95.4% | -143.1% |
| EBITDA | -15.5M | -17.8M | -7M | -10M | -12.1M | -13.8M | -9.4M | -9.6M | -12.7M | -3.9M | -8.3M | -8.4M |
| EPS | -3.02 | -8.1 | -2.89 | -3 | -4.01 | -4.21 | -4.32 | -1.63 | -1.18 | -0.38 | -0.53 | -0.68 |
| Diluted EPS | -3.02 | -8.1 | -2.89 | -3 | -4.01 | -4.21 | -4.32 | -1.63 | -1.18 | -0.38 | -0.53 | -0.68 |
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 | — | 341.1M | — | — | 17.6M | — | 24.3M |
| Enterprise value | — | 255.7M | — | — | 453.8M | — | 563.6M |
| Shares outstanding | 3.8M | 4.1M | 6.7M | 7.9M | 8.5M | 16.9M | 16.9M |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | -0.19 |
| P/S | — | 534.7 | — | — | 0.46 | — | 0.47 |
| P/B | — | 3.35 | — | — | -0.17 | — | -0.15 |
| EV/EBITDA | — | -5.85 | — | — | -10.6 | — | -17.1 |
| EV/Sales | — | 400.8 | — | — | 11.9 | — | 10.9 |
| Earnings yield | — | — | — | — | — | — | -536.8% |
| FCF yield | — | -14.6% | — | — | -623.9% | — | -78.7% |
| PEG | — | — | — | — | — | — | 0 |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Gross margin | -11% | 32.3% | 11.4% | 8.04% | 10.7% | 12.1% | 7.55% |
| Operating margin | -9.6K% | -7K% | -485.4% | -284.6% | -154.6% | -129.5% | -100.7% |
| Net margin | -10.3K% | -8.8K% | -570.4% | -450% | -314.4% | -195.1% | -130.5% |
| ROE | 327.1% | -55.2% | -91.5% | -812% | 119.3% | 56.8% | 57% |
| ROA | -92.4% | -39% | -39.8% | -32.5% | -28% | -23% | -8.38% |
| ROIC | 320.3% | -275% | — | — | — | — | — |
| Return on tangible assets | -92.4% | -39% | -103.6% | -41.5% | -34% | -27% | -18.1% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Current ratio | 0.27 | 5.87 | 1.47 | 0.84 | 0.34 | 1.35 | 1.07 |
| Quick ratio | 0.16 | 5.82 | 1.31 | 0.71 | 0.22 | 0.9 | 0.72 |
| Debt / equity | -0.06 | 0.11 | 0.99 | 18.2 | -4.35 | -2.91 | -0.03 |
| Debt / assets | 0.02 | 0.08 | 0.43 | 0.73 | 1.02 | 1.18 | 1.22 |
| Net debt / EBITDA | -0.01 | 1.95 | -1.27 | -4.11 | -10.2 | -13.4 | -14.6 |
| Interest coverage | -15.1 | -7.48 | -5.64 | -3.82 | -1.03 | -1.93 | -2.92 |
| Effective tax rate | 0% | 0% | — | — | — | — | — |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Revenue per share | 0.02 | 0.16 | 2.91 | 3.47 | 4.5 | 2.86 | 2.1 |
| EPS (basic) | -2.22 | -13.8 | -16.5 | -15.6 | -14.1 | -5.61 | -5.61 |
| EPS (diluted) | -2.22 | -13.8 | -16.5 | -15.6 | -14.1 | -5.61 | -1.43 |
| Book value per share | -0.68 | 25 | 18.1 | 1.92 | -11.9 | -9.84 | -8.49 |
| FCF per share | -1.92 | -12.2 | -19.5 | -24.6 | -12.9 | -2.48 | -0.98 |
| Cash per share | 0.01 | 23.8 | 2.04 | 1.3 | 0.11 | 0.25 | 0.15 |
| Capex per share | 0.91 | 7.29 | 12.2 | 20.4 | 9.72 | — | — |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Capex / revenue | 4.2K% | 4.6K% | 420.2% | 588.8% | 216.2% | — | — |
| Capex / operating cash flow | -63.1% | -93.7% | -150.4% | -252.3% | -243.3% | — | — |
| Payout ratio | 0% | -48.7% | 0% | — | — | — | 0% |
| Dividend yield | — | 8.01% | — | — | — | — | — |
| $638K |
| — |
| FY20 | — | -$2.22 | — | — | $82K | — |
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $6.8M | $6.9M | $8.4M | $9.4M | $10.2M | $10.1M | $11.6M | $12.1M | $12.2M | $12.5M | $13.3M | $13.8M |
| YoY change | +8.35% | +3.43% | +25.2% | +31.5% | +50.4% | +46.7% | +38.4% | +28.2% | +19.1% | +23.7% | +14.9% | +14.4% |
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 | 45K | 96.7M | 13.7M | 10.3M | 937K | 4.2M |
| Receivables | 333K | 110K | 2.7M | 3.1M | 2.3M | 2.2M |
| Inventory | 243K | 922K | 3.6M | 4.2M | 6.8M | 7.4M |
| Total current assets | 628K | 105.5M | 34.1M | 27M | 18.8M | 22M |
| Property, plant & equipment | 8.4M | 27.2M | 102.6M | 246.6M | 112.5M | 95.6M |
| Goodwill & intangibles | — | 0 | 171.5M | 82.7M | 75.6M | 61.6M |
| Total assets | 9.1M | 143.9M | 278.7M | 381.8M | 428M | 410.5M |
| Accounts payable | 176K | 1.9M | 13.8M | 14.6M | 17M | 11.8M |
| Short-term debt | 50K | 28K | 84K | 97K | 20.3M | 113K |
| Total current liabilities | 2.4M | 18M | 23.3M | 31.9M | 55.4M | 16.3M |
| Long-term debt | 104K | 11.2M | 120M | 278.1M | 416.8M | 483.3M |
| Total liabilities | 11.7M | 42.2M | 157.4M | 366.5M | 528.5M | 576.7M |
| Shareholders' equity | -2.6M | 101.7M | 121.3M | 15.3M | -100.5M | -166.2M |
| Total debt | 154K | 11.2M | 120.1M | 278.2M | 437.2M | 483.4M |
| Net debt | 109K | -85.4M | 106.4M | 267.9M | 436.2M | 479.2M |
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 | 11.8M | 10.3M | 8.2M | 9.7M | 317K | 937K | 18M | 5.3M | 6.2M | 4.2M | 12.3M | 3.6M |
| Receivables | 2.7M | 3.1M | 3.4M | 2.5M | 2M | 2.3M | 2.6M | 2.4M | 2.4M | 2.2M | 2.9M | 2.9M |
| Inventory | 4.5M | 4.2M | 5M | 5.5M | 6.5M | 6.8M | 7.2M | 7M | 6.8M | 7.4M | 7.2M | 7.6M |
| Total current assets | 27.8M | 27M | 25.7M | 26.8M | 17.3M | 18.8M | 40.6M | 24.9M | 24.1M | 22M | 30.2M | 23.3M |
| Property, plant & equipment | 204.6M | 246.6M | 258.2M | 126M | 120.6M | 112.5M | 109.6M | 104.4M | 100.5M | 95.6M | 91.6M | 87.5M |
| Goodwill & intangibles | 161.5M | 82.7M | 40.5M | 39.6M | 38.7M | 75.6M | 36.9M | 36M | 31.4M | 61.6M | 30.1M | 29.5M |
| Total assets | 377.5M | 381.8M | 413.4M | 438.1M | 430.8M | 428M | 447.2M | 426.8M | 417.8M | 410.5M | 414.2M | 402.7M |
| Accounts payable | 9M | 14.6M | 12.8M | 13.7M | 16.4M | 17M | 15.3M | 9.5M | 9.2M | 11.8M | 14.4M | 14.3M |
| Short-term debt | 91K | 97K | 76K | 6.9M | 13.6M | 20.3M | 111K | 112K | 112K | 113K | 135K | 144K |
| Total current liabilities | 24.8M | 31.9M | 32.2M | 43.5M | 53.1M | 55.4M | 20M | 19.4M | 14.3M | 16.3M | 18.7M | 21.7M |
| Long-term debt | 217.1M | 278.1M | 329.9M | 367.6M | 385.2M | 416.8M | 480.3M | 478.6M | 485.1M | 483.3M | 491.1M | 489.6M |
| Total liabilities | 299.7M | 366.5M | 422.9M | 470.9M | 496.4M | 528.5M | 581.7M | 559.5M | 575.9M | 576.7M | 592.2M | 599.6M |
| Shareholders' equity | 77.8M | 15.3M | -9.4M | -32.8M | -65.6M | -100.5M | -134.5M | -132.7M | -158.1M | -166.2M | -178M | -196.9M |
| Total debt | 217.2M | 278.2M | 329.9M | 374.5M | 398.8M | 437.2M | 480.4M | 478.7M | 485.2M | 483.4M | 491.2M | 489.7M |
| Net debt | 205.4M | 267.9M | 321.7M | 364.8M | 398.5M | 436.2M | 462.4M | 473.4M | 479M | 479.2M | 479M | 486.1M |
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 | -8.4M | -56.1M | -111.1M | -124M | -119.9M | -94.4M |
| Depreciation & amortization | 287K | 684K | 10.4M | 13.1M | 18.9M | 23.2M |
| Stock-based compensation | 3.3M | 17.9M | 39.2M | 16.3M | 3.3M | 5.2M |
| Change in working capital | -598K | -1.1M | 3.9M | -1.3M | 4.4M | 1.2M |
| Operating cash flow | -5.4M | -31.6M | -54.4M | -64.3M | -33.9M | -30.3M |
| Capital expenditure | -3.4M | -29.7M | -81.8M | -162.3M | -82.5M | — |
| Investing cash flow | -3.4M | -29.7M | -172.4M | -162.3M | -82.5M | — |
| Dividends paid | 0 | -27.3M | 0 | — | — | — |
| Share repurchases | -80K | 0 | 0 | -3K | 0 | — |
| Financing cash flow | 5.2M | 150.8M | 145.1M | 187.4M | 100.1M | 45.2M |
| Net change in cash | -3.7M | 89.5M | -81.7M | -39.2M | -16.3M | 14.8M |
| Free cash flow | -7.3M | -49.8M | -130.6M | -195.4M | -109.5M | -41.9M |
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 | -24.3M | -65.6M | -24.1M | -25.3M | -34.3M | -36.3M | -37.7M | -21.6M | -26.4M | -8.7M | -12.7M | -19.8M |
| Depreciation & amortization | 3.4M | 3M | 3.2M | 3.9M | 5.9M | 5.9M | 5.9M | 5.9M | 5.9M | 5.6M | 5.6M | 5.6M |
| Stock-based compensation | 3.3M | 2.6M | -934K | 1.6M | 1.4M | 1.2M | 590K | 2.3M | 1.3M | 1.1M | 993K | 995K |
| Change in working capital | -2.1M | 1.2M | -3.2M | 887K | 1.6M | 5.2M | -892K | -235K | 0 | 2.3M | 2.4M | -340K |
| Operating cash flow | -11.2M | -48.3M | -12.9M | -4.7M | -21.6M | 5.4M | -14.5M | -8.7M | -8.9M | -3.1M | -6.1M | -7.4M |
| Capital expenditure | -41.1M | -45M | -35M | -24.8M | -12.8M | -9.8M | -5M | — | — | — | — | — |
| Investing cash flow | -41.1M | -45M | -35M | -24.8M | -12.8M | -9.8M | -5M | — | — | — | — | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | 0 | 0 | — | — | 0 | 0 | — | — | — | — | — | — |
| Financing cash flow | 28.9M | 50.7M | 39.9M | 30.3M | 20.6M | 9.3M | 35.5M | -67K | 9.6M | 672K | 15.2M | -221K |
| Net change in cash | -23.4M | -42.6M | -8M | 732K | -13.8M | 4.8M | 16M | -8.8M | 727K | -2.5M | 9.2M | -7.6M |
| Free cash flow | -51M | -52.2M | -42.1M | -28.8M | -30M | -8.6M | -14.5M | -14.6M | -10.1M | -2.7M | -7.2M | -8.4M |