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 23 | — | -$0.22 | — | — | $3.5M | — |
| Q4 22 | -$0.03 | -$0.86 | -2766.7% | — | $19.2M | — |
| Q3 22 | $0.11 | -$1.37 | -1345.5% | — | $22.8M | — |
| Q2 22 | $0.07 | -$0.03 | -142.9% | — | $12.9M | — |
| Q1 22 | $0.04 | -$0.49 | -1325.0% | — | $9.2M | — |
| Q4 21 | -$0.09 | -$0.18 | -100.0% | — | $3M | — |
| Q3 21 | $0.09 | $0.03 | -66.7% | — | $3.9M | — |
| Q2 21 | -$0.06 | -$0.03 | +50.0% | — | $775K | — |
| Q1 21 | -$0.09 | -$0.09 | 0.0% | — | $0 | — |
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 | — | -$0.95 | — | — | $35.5M | — |
| FY24 | — | -$0.92 | — | — | $4.6M | — |
| FY23 | — | -$2.21 | — | — | $31.6M | — |
| FY22 | — | -$3.02 | — | — | $64M | — |
| FY21 | — | -$3.03 |
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 | $7.7M | $64M | $31.6M | $4.6M | $35.5M |
| YoY change | — | 0% | +InfinityT% | +736% | -50.6% | -85.6% | +678% |
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 | 7.7M | 64M | 31.6M | 4.6M | 35.5M |
| Cost of revenue | — | 229K | 7.8M | 56.8M | 32.5M | 5.1M | 13.9M |
| Gross profit | — | -229K | -121K | 7.2M | -887K | -518K | 21.6M |
| Gross margin | — | — | -1.58% | 11.3% | -2.8% | -11.4% | 60.9% |
| Research & development | — | — | — | — | — | — | — |
| Selling, general & administrative | 3.7M | 7.9M | 21.5M | 30.2M | 39.9M | 27M | 28.4M |
| Operating expenses | 3.8M | 8.1M | 31.2M | 95.1M | 70.2M | 67M | 75.2M |
| Operating income | -3.8M | -8.3M | -31.4M | -87.9M | -71.1M | -67.6M | -53.6M |
| Operating margin | — | — | -409.5% | -137.2% | -224.7% | -1.5K% | -151.1% |
| Non-operating income, net | -90.6M | 7.4M | -114.9M | -98.9M | -124.8M | -4.6M | -108.1M |
| Pretax income | -94.4M | -1.3M | -146.3M | -190.8M | -204.4M | -85.7M | -159.5M |
| Income tax | -18.7M | 6.8M | -13M | 1.7M | -22.5M | 648K | -66K |
| Net income | -75.7M | -8.1M | -133.3M | -192.5M | -181.9M | -86.3M | -169M |
| Net margin | — | — | -1.7K% | -300.5% | -575.1% | -1.9K% | -476.4% |
| EBITDA | -44.4M | -5.9M | -21.1M | -73M | -56.5M | -53.7M | -37.4M |
| EPS | -2 | -0.21 | -3.03 | -3.02 | -2.21 | -0.92 | -0.95 |
| Diluted EPS | -2 | -0.21 | -3.03 | -3.02 | -2.21 | -0.92 | -0.95 |
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 | 10.4M | 6.9M | 1.8M | 2.6M | 114.7K | 0 | 0 | 6.9M | 4.4M | 24.2M | 2.2M | 32.7M |
| Cost of revenue | 10.1M | 6.4M | 2M | 2.7M | 70.5K | 301K | 0 | 4.1M | 3M | 6.8M | 671K | 12M |
| Gross profit | 334K | 469K | -207K | -72K | 44.2K | -301K | 0 | 2.8M | 1.4M | 17.4M | 1.5M | 20.7M |
| Gross margin | 3.21% | 6.79% | -11.7% | -2.74% | 38.5% | — | — | 40.6% | 32.8% | 71.8% | 69.7% | 63.2% |
| Research & development | — | — | — | — | — | — | — | — | — | — | — | — |
| Selling, general & administrative | 9.4M | 10.1M | 6M | 6.4M | 5.6M | 6.7M | 6.7M | 7.8M | 8.2M | 5.7M | 10M | 9.9M |
| Operating expenses | 16.8M | 18M | 14.9M | 13.4M | 11.1M | 23.2M | 16.9M | 21.3M | 43.9M | -6.8M | 10.7M | 12.6M |
| Operating income | -16.5M | -17.5M | -15.1M | -13.4M | -11.1M | -23.5M | -16.9M | -18.5M | -42.4M | 24.2M | -9.2M | 8.1M |
| Operating margin | -157.9% | -253.2% | -854.2% | -510.1% | -9.7K% | — | — | -269.6% | -962% | 100.1% | -414.1% | 24.7% |
| Non-operating income, net | 13.5M | -141M | 10.6M | -9.7M | -9.3M | 7.6M | -15.9M | -24.3M | -103.8M | 35.9M | 42.9M | 113.6M |
| Pretax income | -6.7M | -160.1M | -7.7M | -28.2M | -23.7M | -16.5M | -37.3M | -47.7M | -150.4M | 75.9M | 31.9M | 119M |
| Income tax | 458K | -22M | 268K | 439K | 419.6K | -648K | -3K | -253K | -149K | 339K | -291K | -135K |
| Net income | -7.1M | -138.1M | -8M | -28.7M | -24.1M | -15.8M | -37.3M | -47.4M | -150.3M | 66M | 60.2M | 119.1M |
| Net margin | -68.4% | -2K% | -452.1% | -1.1K% | -21K% | — | — | -691.1% | -3.4K% | 272.6% | 2.7K% | 364% |
| EBITDA | -13.2M | -15M | -5.2M | -21M | -16.4M | -4.4M | -11.8M | -9.7M | -33.2M | 17.3M | 1.8M | 20.6M |
| EPS | -0.08 | — | -0.09 | -0.34 | -0.4 | — | -0.27 | -0.35 | -0.8 | — | 0.21 | 0.39 |
| Diluted EPS | -0.08 | — | -0.09 | -0.34 | -0.4 | — | -0.27 | -0.35 | -0.8 | — | 0.19 | 0.21 |
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 | 971.7M | — | — | — | — | — | 847.1M |
| Enterprise value | 1.3B | 776.3M | — | — | — | — | — | 174.5M |
| Shares outstanding | 53.9M | 54M | 62.7M | 90.8M | 118.8M | 93.8M | 178.2M | 178.2M |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | -2.93 |
| P/S | — | — | — | — | — | — | — | 18.4 |
| P/B | 3.77 | 1.39 | — | — | — | — | — | 0.99 |
| EV/EBITDA | -30 | -132.5 | — | — | — | — | — | -5.64 |
| EV/Sales | — | — | — | — | — | — | — | 6.48 |
| Earnings yield | — | — | — | — | — | — | — | -34.2% |
| FCF yield | -0.63% | -0.62% | — | — | — | — | — | -2.15% |
| PEG | — | — | — | — | — | — | — | 0.01 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Gross margin | — | — | -1.58% | 11.3% | -2.8% | -11.4% | 60.9% | 63.2% |
| Operating margin | — | — | -409.5% | -137.2% | -224.7% | -1.5K% | -151.1% | -414.1% |
| Net margin | — | — | -1.7K% | -300.5% | -575.1% | -1.9K% | -476.4% | -189.6% |
| ROE | -21.3% | -1.15% | -22.8% | -26.3% | -31.1% | -15.1% | -24.8% | -12.4% |
| ROA | -19.1% | -1.01% | -19% | -19.9% | -23.8% | -10.1% | -13.4% | -2.58% |
| ROIC | -1.11% | -1.65% | -5.56% | -13.7% | -12.7% | -13.2% | -13.2% | -2.64% |
| Return on tangible assets | -19.1% | -1.01% | -19% | -19.9% | -23.8% | -10.1% | -13.4% | 4.93% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Current ratio | 1.46 | 5.1 | 1.47 | 2.77 | 1.48 | 0.85 | 1.45 | 2.37 |
| Quick ratio | 1.33 | 4.87 | 1.02 | 2.42 | 1.32 | 0.79 | 1.42 | 3.53 |
| Debt / equity | — | 0 | 0.02 | 0.03 | 0.03 | 0.08 | 0.21 | 0.16 |
| Debt / assets | — | 0 | 0.02 | 0.02 | 0.02 | 0.05 | 0.11 | 0.24 |
| Net debt / EBITDA | — | 33.3 | 0.94 | 1.19 | 0.44 | 1.12 | 7.43 | -59 |
| Interest coverage | — | -0.61 | -194.3 | -32.1 | -14.3 | -3.9 | -22.9 | 4.98 |
| 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 | 0.12 | 0.7 | 0.27 | 0.05 | 0.2 | 0.17 |
| EPS (basic) | -2 | -0.21 | -3.03 | -3.02 | -2.21 | -0.92 | -0.95 | -0.95 |
| EPS (diluted) | -2 | -0.21 | -3.03 | -3.02 | -2.21 | -0.92 | -0.95 | -0.39 |
| Book value per share | 6.58 | 13 | 9.31 | 8.04 | 4.93 | 6.08 | 3.83 | 2.29 |
| FCF per share | -0.16 | -0.11 | -3.63 | -1.4 | -0.83 | -0.95 | -0.68 | -0.76 |
| Cash per share | 0.15 | 3.66 | 0.53 | 1.17 | 0.37 | 1.14 | 2.37 | 1.95 |
| Capex per share | — | — | 2.97 | 0.85 | 0.46 | 0.34 | — | — |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Capex / revenue | — | — | 2.4K% | 120.8% | 174.4% | 693.9% | — | — |
| Capex / operating cash flow | — | — | -119.5% | -54.5% | -27.8% | -56.7% | — | — |
| Payout ratio | — | — | — | — | — | — | — | 0% |
| — |
| — |
| $7.7M |
| — |
| FY20 | — | -$0.21 | — | — | $0 | — |
| FY19 | — | -$2 | — | — | $0 | — |
| Q1 24 |
|---|
| Q2 24 |
|---|
| Q3 24 |
|---|
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $10.4M | $6.9M | $1.8M | $2.6M | $114.7K | $0 | $0 | $6.9M | $4.4M | $24.2M | $2.2M | $32.7M |
| YoY change | -54.3% | -64.1% | -48.8% | -75.7% | -98.9% | -100% | -100% | +160.6% | +3.7K% | +InfinityT% | +InfinityT% | +377.1% |
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 | 8M | 197.4M | 33.4M | 105.9M | 43.5M | 106.7M | 422.3M |
| Receivables | — | — | 499K | 1.8M | 2.7M | 322K | 6.8M |
| Inventory | 1.7M | 10M | 18.6M | 17.6M | 7.2M | 8.7M | 7.8M |
| Total current assets | 18.2M | 218.5M | 61.4M | 141.3M | 67.7M | 123.3M | 479.8M |
| Property, plant & equipment | -245K | -37M | 76.7M | 8.3M | -7.7M | -17.4M | 38.1M |
| Goodwill & intangibles | — | — | — | — | — | — | — |
| Total assets | 397.3M | 802.1M | 703.1M | 968.2M | 763.9M | 856.9M | 1.3B |
| Accounts payable | 6.7M | 13.6M | 11.8M | 18.1M | 10.6M | 14.8M | 3M |
| Short-term debt | — | 578K | 9.7M | 5.9M | 12.9M | 40.7M | 6.8M |
| Total current liabilities | 12.5M | 42.8M | 41.9M | 51M | 45.8M | 144.5M | 331.9M |
| Long-term debt | — | 1.5M | 3.9M | 13.2M | 5.7M | 6M | 137.8M |
| Total liabilities | 42.2M | 102.6M | 118.9M | 237.8M | 178.7M | 286.3M | 579.6M |
| Shareholders' equity | 355M | 699.6M | 584.2M | 730.4M | 585.2M | 570.6M | 682.7M |
| Total debt | — | 2M | 13.6M | 19.1M | 18.6M | 46.6M | 144.6M |
| Net debt | — | -195.4M | -19.8M | -86.9M | -24.9M | -60M | -277.7M |
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 | 71.5M | 43.5M | 57.5M | 33.7M | 29.1M | 106.7M | 77.6M | 46.3M | 401.4M | 422.3M | 594.3M | 837.3M |
| Receivables | 3.7M | 2.7M | 2.6M | 2.8M | 1.8M | 322K | 1.5M | 1M | 9.1M | 6.8M | 5.3M | 29M |
| Inventory | 11.5M | 7.2M | 6.6M | 5.8M | 3.9M | 8.7M | 9M | 8.1M | 6.7M | 7.8M | 12.2M | 14.1M |
| Total current assets | 96.4M | 67.7M | 78.9M | 53.5M | 41.3M | 123.3M | 93.4M | 62.1M | 423.8M | 479.8M | 613.7M | 929.8M |
| Property, plant & equipment | 10M | -7.7M | -12.2M | -15.1M | -11.9M | -17.4M | -16.7M | -18.5M | -5.1M | 38.1M | 84.2M | 144M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 953.3M | 763.9M | 781.1M | 753.8M | 546.4M | 856.9M | 816.8M | 783.7M | 1.2B | 1.3B | 1.5B | 1.9B |
| Accounts payable | 11.8M | 10.6M | — | — | — | 14.8M | — | — | — | 3M | — | — |
| Short-term debt | 12.8M | 12.9M | 44.7M | 39.5M | 51.3M | 40.7M | 38.6M | 37.4M | 5M | 6.8M | 7.3M | 8.9M |
| Total current liabilities | 58M | 45.8M | 92.4M | 83.2M | 87.4M | 144.5M | 136.5M | 158.8M | 324.4M | 331.9M | 258.5M | 259.7M |
| Long-term debt | 6.8M | 5.7M | 3.5M | 7.3M | 4.9M | 6M | 7.7M | 6.4M | 134.4M | 137.8M | 148.7M | 448M |
| Total liabilities | 225.1M | 178.7M | 207.7M | 200.1M | 169.7M | 286.3M | 284.4M | 298.9M | 616.8M | 579.6M | 516.3M | 817.8M |
| Shareholders' equity | 728.2M | 585.2M | 573.4M | 553.7M | 376.8M | 570.6M | 532.3M | 484.8M | 546.7M | 682.7M | 981.4M | 1.1B |
| Total debt | 19.7M | 18.6M | 48.3M | 46.8M | 56.3M | 46.6M | 46.4M | 43.8M | 139.4M | 144.6M | 156M | 456.9M |
| Net debt | -51.8M | -24.9M | -9.3M | 13.1M | 27.2M | -60M | -31.2M | -2.5M | -261.9M | -277.7M | -438.3M | -380.4M |
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 | FY25 |
|---|---|---|---|---|---|---|---|
| Net income | -75.7M | -8.1M | -133.3M | -192.5M | -181.9M | -86.3M | -159.5M |
| Depreciation & amortization | 0 | 229K | 2.5M | 11.6M | 11.5M | 11M | 6.3M |
| Stock-based compensation | 610K | 829K | 4.1M | 7.4M | 7.9M | 3.5M | 4M |
| Change in working capital | -227K | -1.8M | -17.3M | 2.4M | 8M | 2.1M | -4.6M |
| Operating cash flow | -94M | -4.9M | -155.9M | -142.1M | -198.7M | -55.8M | -25M |
| Capital expenditure | — | — | -186.2M | -77.4M | -55.2M | -31.6M | — |
| Investing cash flow | 2.8M | -62M | -157M | -145.9M | -66.1M | -35.2M | -7.4M |
| Dividends paid | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — |
| Financing cash flow | 12.4M | 257.6M | 34.7M | 254.5M | 47.8M | 145.5M | 443.3M |
| Net change in cash | -78.8M | 190.7M | -278.1M | -33.5M | -217M | 54.4M | 410.9M |
| Free cash flow | -8.4M | -6M | -227.6M | -127.6M | -98.9M | -88.9M | -120.9M |
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 | -7.1M | -138.1M | -8M | -28.7M | -24.1M | -15.8M | -37.3M | -47.4M | -150.3M | 75.5M | 32.2M | 119.1M |
| Depreciation & amortization | 2.6M | 2.5M | 2.9M | 3M | 1.8M | 2.5M | 2M | 2.5M | 1.6M | 175K | 452K | 6.2M |
| Stock-based compensation | 1.9M | 1.6M | 94K | 165K | 1.1M | 1.7M | 378K | 1.5M | 1M | 1.1M | 1.1M | 1.7M |
| Change in working capital | -1.8M | 1.3M | 234K | 1.2M | 349.1K | 128K | 973K | 1.4M | 1.8M | -8.8M | 2.7M | -28.8M |
| Operating cash flow | 968K | -186.3M | -1.6M | -20.8M | -18.4M | -7.6M | -31.4M | -20.6M | -3.8M | 11.9M | 1.9M | -8.9M |
| Capital expenditure | -7.8M | -11.4M | -6.3M | -11.7M | -6.4M | -11.4M | -14.8M | — | — | — | — | — |
| Investing cash flow | -4.5M | -16.4M | -6.8M | -9.6M | -8.7M | -6.5M | -14.4M | 0 | 2.7M | 0 | 341K | -487K |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | -1.7M | -979K | 29.1M | -1.6M | 22.7M | 86M | -1.9M | -807K | 365.8M | 80.2M | 200.2M | 360.8M |
| Net change in cash | -5.3M | -203.7M | 20.8M | -32M | -4.5M | 71.9M | -47.8M | -21.4M | 364.7M | 92.2M | 202.5M | 351.4M |
| Free cash flow | -16.8M | -21.5M | -19.2M | -25.2M | -15.6M | -29.3M | -27.8M | -33.8M | -15M | -44.1M | -61.8M | -115.1M |