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 | -$0.13 | -$0.14 | -7.7% | — | $17.4M | — |
| Q1 26 | -$0.1 | -$0.12 | -20.0% | — | $21.9M | — |
| Q4 25 | -$0.02 | $0.02 | +200.0% | — | $153.3M | — |
| Q3 25 | -$0.05 | -$0.1 | -100.0% | — | $33.3M | — |
| Q2 25 | -$0.08 | -$0.12 | -50.0% | — | $8.5M | — |
| Q1 25 | -$0.13 | -$0.08 | +38.5% | — | $8.5M | — |
| Q4 24 | -$0.11 | -$0.09 | +18.2% | — | $33.5M | — |
| Q3 24 | -$0.11 | -$0.09 | +18.2% | — | $1.2M | — |
| Q2 24 | -$0.12 | -$0.1 | +16.7% | — | $3.8M | — |
| Q1 24 | -$0.13 | -$0.09 | +30.8% | — | $7.8M | — |
| Q4 23 | -$0.11 | -$0.09 | +18.2% | — | $118.2M | — |
| Q3 23 | -$0.15 | -$0.13 | +13.3% | — | $172.2M | — |
| Q2 23 | -$0.18 | -$0.11 | +38.9% | — | $39.7M | — |
| Q1 23 | -$0.24 | -$0.22 | +8.3% | — | $11.4M | — |
| Q4 22 | -$0.15 | -$0.17 | -13.3% | — | $100.3M | — |
| Q3 22 | -$0.13 | -$0.25 | -92.3% | — | $1.7M | — |
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 | — | -$0.65 | — | — | $203.7M | — |
| FY24 | — | -$0.91 | — | — | $46.2M | — |
| FY23 | — | -$0.69 | — | — | $341.5M | — |
| FY22 | — | -$0.64 | — | — | $145.9M | — |
| 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 | $0 | $0 | $0 | $145.9M | $341.5M | $46.2M | $203.7M |
| YoY change | — | 0% | 0% | +InfinityT% | +134.1% | -86.5% | +340.9% |
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 | 0 | 0 | 0 | 145.9M | 341.5M | 46.2M | 203.7M |
| Cost of revenue | — | — | 0 | 86.6M | 324M | 40M | 155.7M |
| Gross profit | — | — | 0 | 59.3M | 17.5M | 6.2M | 48M |
| Gross margin | — | — | — | 40.6% | 5.13% | 13.4% | 23.6% |
| Research & development | 2.1M | 8.5M | 7.9M | 42.6M | 37.1M | 26M | 14.6M |
| Selling, general & administrative | 7.9M | 6M | 18.9M | 69.2M | 86.3M | 78.8M | 94.9M |
| Operating expenses | 10M | 14.5M | 26.8M | 111.8M | 123.4M | 104.8M | 109.5M |
| Operating income | -10M | -14.5M | -26.8M | -60.3M | -106.7M | -129.7M | -74.4M |
| Operating margin | — | — | — | -41.3% | -31.3% | -280.7% | -36.5% |
| Non-operating income, net | 1.1M | -9.5M | -4.5M | -21.3M | -173K | -11.5M | -14.2M |
| Pretax income | -10.1M | -24.2M | -31.3M | -77.9M | -98.8M | -135.7M | -95.9M |
| Income tax | 810 | 830 | 1K | 427K | -349K | 67K | 7.8M |
| Net income | -10.1M | -24.2M | -31.3M | -78.3M | -98.4M | -135.8M | -103.7M |
| Net margin | — | — | — | -53.7% | -28.8% | -294% | -50.9% |
| EBITDA | -9.7M | -12.1M | -26.3M | -49M | -97.9M | -122.5M | -73.5M |
| EPS | -0.08 | -0.18 | -0.23 | -0.64 | -0.69 | -0.91 | -0.65 |
| Diluted EPS | -0.08 | -0.18 | -0.23 | -0.64 | -0.69 | -0.91 | -0.65 |
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 | 172.2M | 118.2M | 7.8M | 3.8M | 1.2M | 33.5M | 8.5M | 8.5M | 33.3M | 153.3M | 21.9M | 17.4M |
| Cost of revenue | 165.1M | 114.2M | 5.7M | 2.7M | 716K | 30.9M | 3.7M | 6M | 24.3M | 121.7M | 17.1M | 12M |
| Gross profit | 7.1M | 4M | 2.1M | 1M | 483K | 2.6M | 4.9M | 2.5M | 9M | 31.6M | 4.8M | 5.4M |
| Gross margin | 4.15% | 3.4% | 26.7% | 27.8% | 40.3% | 7.73% | 57.1% | 29.6% | 27% | 20.6% | 21.9% | 31% |
| Research & development | 8.2M | 7.6M | 7M | 7M | 5.7M | 6.4M | 3.8M | 4.1M | 3.4M | 3.4M | 2.6M | 2.5M |
| Selling, general & administrative | 20M | 20.4M | 19.4M | 21.1M | 21.6M | 16.6M | 21.7M | 22.3M | 23M | 27.9M | 24.2M | 25.5M |
| Operating expenses | 28.1M | 28M | 26.4M | 28.1M | 27.3M | 23M | 25.5M | 26.3M | 26.4M | 31.3M | 26.7M | 28.1M |
| Operating income | -21.2M | -24.2M | -24.6M | -27.3M | -27.1M | -50.6M | -20.9M | -28.1M | -17.6M | -7.7M | -24.2M | -24.7M |
| Operating margin | -12.3% | -20.5% | -317.4% | -724.7% | -2.3K% | -151.2% | -244.8% | -330.7% | -52.8% | -5.05% | -110.6% | -142% |
| Non-operating income, net | -8K | 86K | 1.7M | -587K | -923K | -11.7M | -118K | -2.5M | -1.1M | -10.4M | -5.4M | -690K |
| Pretax income | -19.3M | -22.1M | -21.1M | -26.2M | -26.6M | -61.8M | -20.8M | -32.9M | -21.3M | -21M | -32.5M | -28.8M |
| Income tax | -401K | 48K | 0 | 0 | 0 | 67K | 383K | 2.1M | 5.5M | -228K | 1K | 855K |
| Net income | -18.9M | -22.2M | -21.1M | -26.2M | -26.6M | -61.9M | -21.2M | -34.9M | -26.8M | -20.7M | -32.5M | -29.7M |
| Net margin | -11% | -18.8% | -272.4% | -694.9% | -2.2K% | -184.8% | -248.1% | -410.4% | -80.5% | -13.5% | -148.5% | -170.9% |
| EBITDA | -19.1M | -21.9M | -20.8M | -25.3M | -26.3M | -50M | -20.4M | -29.9M | -17.7M | -4.8M | -26M | -23.8M |
| EPS | -0.13 | -0.15 | -0.14 | -0.18 | -0.18 | -0.43 | -0.14 | -0.22 | -0.16 | -0.13 | -0.2 | -0.17 |
| Diluted EPS | -0.13 | -0.15 | -0.14 | -0.18 | -0.18 | -0.43 | -0.14 | -0.22 | -0.16 | -0.13 | -0.2 | -0.18 |
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 | — | — | 1.3B | 384.5M | — | 341.6M | 740.1M | 736.5M |
| Enterprise value | — | — | 1.2B | 183M | — | 315.9M | 778.2M | 977.4M |
| Shares outstanding | 133.6M | 133.6M | 133.6M | 123.2M | 142.9M | 149.8M | 160.5M | 160.5M |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | -6.24 |
| P/S | — | — | — | 2.64 | — | 7.4 | 3.63 | 3.54 |
| P/B | — | — | -19.3 | 1.34 | — | 2.71 | 8.35 | 115.8 |
| EV/EBITDA | — | — | -46.4 | -3.73 | — | -2.58 | -10.6 | -14.7 |
| EV/Sales | — | — | — | 1.25 | — | 6.84 | 3.82 | 4.33 |
| Earnings yield | — | — | — | — | — | — | — | -16% |
| FCF yield | — | — | -1.68% | -6.67% | — | -33.6% | -6.5% | -15.7% |
| PEG | — | — | — | — | — | — | — | 0.27 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Gross margin | — | — | — | 40.6% | 5.13% | 13.4% | 23.6% | 31% |
| Operating margin | — | — | — | -41.3% | -31.3% | -280.7% | -36.5% | -142% |
| Net margin | — | — | — | -53.7% | -28.8% | -294% | -50.9% | -48.6% |
| ROE | 72.2% | 61% | 45.6% | -27.2% | -44% | -107.6% | -117% | -178.6% |
| ROA | -26.2% | -79.6% | -25% | -18.8% | -28.9% | -73.9% | -33.1% | -15.5% |
| ROIC | 37% | 30.5% | 15.5% | -69.9% | -92.2% | -129% | -58.7% | -40.3% |
| Return on tangible assets | -26.2% | -79.6% | -25% | -18.8% | -29% | -77.7% | -35% | -30.8% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Current ratio | 5.2 | 2.77 | 15.1 | 3.11 | 2.5 | 1.26 | 0.73 | 1.19 |
| Quick ratio | 5.2 | 2.77 | 15.1 | 3.08 | 2.5 | 1.26 | 0.73 | 1.19 |
| Debt / equity | -0.12 | -0.05 | -0.02 | 0.01 | 0.01 | 0.01 | 1.09 | 7.51 |
| Debt / assets | 0.04 | 0.07 | 0.01 | 0 | 0.01 | 0.01 | 0.31 | 0.66 |
| Net debt / EBITDA | 1.34 | 0.65 | 3.95 | 4.11 | 1.1 | 0.21 | -0.52 | -2.1 |
| Interest coverage | -7.51 | -187.6 | -4.5K | -38.9K | -2.8K | -1.1K | -10.3 | -7.17 |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 0 | 1.18 | 2.39 | 0.31 | 1.27 | 1.33 |
| EPS (basic) | -0.08 | -0.18 | -0.23 | -0.64 | -0.69 | -0.91 | -0.65 | -0.65 |
| EPS (diluted) | -0.08 | -0.18 | -0.23 | -0.64 | -0.69 | -0.91 | -0.65 | -0.67 |
| Book value per share | -0.11 | -0.3 | -0.51 | 2.33 | 1.57 | 0.84 | 0.55 | 0.04 |
| FCF per share | -0.12 | -0.14 | -0.17 | -0.21 | -0.9 | -0.77 | -0.3 | -0.82 |
| Cash per share | 0.11 | 0.08 | 0.79 | 1.65 | 0.77 | 0.18 | 0.36 | 0.51 |
| Capex per share | 0.01 | 0.01 | 0 | 0.02 | 0.26 | 0.39 | — | — |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Capex / revenue | — | — | — | 1.59% | 10.7% | 126.4% | — | — |
| Capex / operating cash flow | -7.96% | -5.67% | -0.59% | -3.72% | -25.3% | -183.5% | — | — |
| Payout ratio | — | — | — | — | — | — | — | 0% |
| -$0.23 |
| — |
| — |
| $0 |
| — |
| FY20 | — | -$0.18 | — | — | $0 | — |
| FY19 | — | -$0.08 | — | — | $0 | — |
| Q1 24 |
|---|
| Q2 24 |
|---|
| Q3 24 |
|---|
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $172.2M | $118.2M | $7.8M | $3.8M | $1.2M | $33.5M | $8.5M | $8.5M | $33.3M | $153.3M | $21.9M | $17.4M |
| YoY change | +10.1K% | +17.9% | -32.1% | -90.5% | -99.3% | -71.7% | +9.99% | +125.8% | +2.7K% | +358% | +156.4% | +104.1% |
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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 14.7M | 10.1M | 105.1M | 203M | 109.9M | 27.1M | 58.6M |
| Receivables | — | — | 0 | 39M | 29.8M | 16.7M | 25.9M |
| Inventory | — | — | 0 | 4.4M | 415K | 107K | 139K |
| Total current assets | 15.1M | 10.8M | 110.7M | 390.1M | 279.6M | 68.9M | 121.1M |
| Property, plant & equipment | 2.9M | 4.2M | 13.1M | 4.5M | 32M | 99.9M | 97.5M |
| Goodwill & intangibles | — | — | — | 0 | 1.8M | 9.1M | 16.6M |
| Total assets | 38.7M | 30.4M | 125.3M | 416.7M | 340.8M | 183.9M | 312.9M |
| Accounts payable | 1.1M | 2.1M | 2M | 60.3M | 21.2M | 20.3M | 30.8M |
| Short-term debt | 395.4K | 424.4K | 660K | 825K | 724K | 499K | 57.2M |
| Total current liabilities | 2.9M | 3.9M | 7.3M | 125.3M | 111.9M | 54.7M | 165M |
| Long-term debt | 1.2M | 1.7M | 696K | 725K | 1.1M | 866K | 39.5M |
| Total liabilities | 52.7M | 70M | 194M | 129M | 117M | 57.6M | 224.3M |
| Shareholders' equity | -14M | -39.6M | -68.7M | 287.7M | 223.8M | 126.3M | 88.6M |
| Total debt | 1.6M | 2.2M | 1.4M | 1.6M | 1.9M | 1.4M | 96.7M |
| Net debt | -13M | -7.9M | -103.8M | -201.5M | -108.1M | -25.7M | 38.5M |
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 | 74.2M | 109.9M | 135.8M | 106.8M | 51.1M | 27.1M | 17.8M | 21.4M | 32.7M | 58.6M | 55.6M | 93.4M |
| Receivables | 28.1M | 29.8M | 4M | 4.8M | 3.6M | 16.7M | 6.1M | 5.9M | 3.7M | 25.9M | 4.9M | 7.2M |
| Inventory | 5M | 415K | 415K | 111K | 107K | 107K | 107K | — | 7M | 139K | 126K | 366K |
| Total current assets | 245.1M | 279.6M | 207.7M | 161.9M | 131.7M | 68.9M | 74.4M | 94.9M | 103.2M | 121.1M | 103.8M | 181.5M |
| Property, plant & equipment | 26M | 32M | 48.1M | 63.1M | 90.8M | 99.9M | 127.2M | 122.4M | 95M | 97.5M | 102.8M | 97.4M |
| Goodwill & intangibles | 953K | 1.8M | 5M | 6.4M | 7.6M | 9.1M | 10.3M | 11.5M | 12.6M | 16.6M | 14.1M | 14.4M |
| Total assets | 300.5M | 340.8M | 285.9M | 255.6M | 252.9M | 183.9M | 217.4M | 248.8M | 281.9M | 312.9M | 298M | 370.5M |
| Accounts payable | 20.7M | 21.2M | 52.6M | 28.6M | 38.8M | 20.3M | 24.9M | 35.8M | 36M | 30.8M | 9.1M | 15M |
| Short-term debt | 725K | 724K | 427K | 286K | 391K | 499K | 13.8M | 23.6M | 29.1M | 57.2M | 21.7M | 78.5M |
| Total current liabilities | 58.9M | 111.9M | 69.8M | 56.5M | 70.5M | 54.7M | 86.2M | 143.8M | 164.4M | 165M | 72M | 152.2M |
| Long-term debt | — | 1.1M | 1.1M | 1.1M | 1M | 866K | 14.7M | 12M | 33.3M | 39.5M | 152M | 166.4M |
| Total liabilities | 62.2M | 117M | 73.6M | 60.1M | 73.8M | 57.6M | 102.5M | 158.5M | 201.3M | 224.3M | 244.3M | 337.9M |
| Shareholders' equity | 238.3M | 223.8M | 212.3M | 195.6M | 179.1M | 126.3M | 114.9M | 90.3M | 80.5M | 88.6M | 53.8M | 32.6M |
| Total debt | 725K | 1.9M | 1.5M | 1.3M | 1.4M | 1.4M | 28.5M | 35.6M | 62.5M | 96.7M | 173.7M | 245M |
| Net debt | -73.5M | -108.1M | -134.2M | -105.5M | -49.7M | -25.7M | 10.7M | 14.2M | 29.8M | 38.5M | 118.5M | 151.9M |
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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Net income | -10.1M | -24.2M | -31.3M | -78.3M | -98.4M | -135.8M | -103.7M |
| Depreciation & amortization | 8.4K | 54.6K | 2.3M | 7.7M | 893K | 1.1M | 5.7M |
| Stock-based compensation | 32.2K | 28.1K | 500K | 41.1M | 43.1M | 38.7M | 36.7M |
| Change in working capital | -5.7M | -7.6M | -213K | -32.5M | -88.3M | 65.7M | -30.9M |
| Operating cash flow | -14.5M | -31M | -28.7M | -62.4M | -144.2M | -31.8M | -5.6M |
| Capital expenditure | -1.2M | -1.8M | -170K | -2.3M | -36.5M | -58.4M | — |
| Investing cash flow | -1.2M | -1.8M | -1.2M | -13.3M | -42.5M | -58.7M | -2.1M |
| Dividends paid | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — |
| Financing cash flow | 28M | 15.6M | 116.4M | 209.7M | -5.7M | -294K | 122.3M |
| Net change in cash | 12.4M | -17.1M | 86.5M | 134M | -192.4M | -90.9M | 114.5M |
| Free cash flow | -16M | -18.5M | -22.2M | -25.7M | -129.2M | -114.7M | -48.1M |
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 | 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 | -18.9M | -22.2M | -21.1M | -26.2M | -26.6M | -61.9M | -21.2M | -34.9M | -26.8M | -20.7M | -32.5M | -29.7M |
| Depreciation & amortization | 235K | 223K | 295K | 279K | 251K | 233K | 305K | 473K | 1.5M | 3.5M | 3.5M | 3.2M |
| Stock-based compensation | 10.7M | 8.6M | 9.7M | 9.5M | 10.2M | 9.3M | 9.3M | 9M | 10.2M | 8.3M | 7.1M | 4.4M |
| Change in working capital | -15.9M | 73.3M | 12.5M | 3M | 20.9M | -23M | 8.8M | 54.6M | -9.4M | -87.2M | 29.9M | 6.8M |
| Operating cash flow | -24.3M | 59.9M | 976K | -13.8M | 4.4M | -75.7M | -2.9M | 15.4M | -11.7M | -6.6M | -53.8M | -30.6M |
| Capital expenditure | -8.4M | -9.4M | -8.8M | -12.1M | -27.3M | -10.3M | -6.8M | — | — | — | — | — |
| Investing cash flow | -8.4M | -9.4M | -8.8M | -12.1M | -27.3M | -10.3M | -7.3M | -1.6M | 0 | 0 | 11.8M | 0 |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | -295K | -828K | -678K | 1M | 205K | -859K | 27.1M | 3.9M | 31.2M | 58.9M | 61.1M | 69.1M |
| Net change in cash | -32.9M | 49.7M | -8.5M | -24.9M | -22.7M | -86.8M | 16.9M | 17.6M | 19.5M | 52.4M | 19.1M | 38.5M |
| Free cash flow | -32.6M | 14M | -7.8M | -25.1M | -36.4M | -45.4M | -9.5M | 6.9M | -27.2M | -18.4M | -60.9M | -39.7M |