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 | -$1.76 | -$1.96 | -11.4% | — | $77.7M | — |
| Q1 26 | -$2.28 | -$2.23 | +2.2% | — | $80.1M | — |
| Q4 25 | -$2.7 | -$2.58 | +4.4% | — | $114.1M | — |
| Q3 25 | -$2.63 | -$3.39 | -28.9% | — | $132.7M | — |
| Q2 25 | -$3.76 | -$4.04 | -7.4% | — | $160.3M | — |
| Q1 25 | -$5.3 | -$5.37 | -1.3% | — | $160.7M | — |
| Q4 24 | -$4.83 | -$6.26 | -29.6% | — | $174.3M | — |
| Q3 24 | -$3.5 | -$4.94 | -41.1% | — | $208.1M | — |
| Q2 24 | -$3.77 | -$5.03 | -33.4% | — | $251.1M | — |
| Q1 24 | -$3.96 | -$6.53 | -64.9% | — | $285.4M | — |
| Q4 23 | -$3.85 | -$5.62 | -46.0% | — | $240.5M | — |
| Q3 23 | -$0.67 | -$0.73 | -9.0% | — | $234.2M | — |
| Q2 23 | -$12.5 | -$8.36 | +33.3% | — | $230.1M | — |
| Q1 23 | -$0.23 | -$0.17 | +26.1% | — | $609.6M | — |
| Q4 22 | -$0.25 | -$0.49 | -96.0% | — | $677.2M | — |
| Q3 22 | -$0.13 | -$0.32 | -146.2% | — | $821.7M | — |
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 | — | -$15 | — | — | $567.8M | — |
| FY24 | — | -$2.27 | — | — | $918.8M | — |
| FY23 | — | -$4.44 | — | — | $1.3B | — |
| FY22 | — | -$9.15 | — | — | $4B | — |
| FY21 | — | $0.75 |
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 | $1.1B | $1.1B | $2.1B | $4B | $1.3B | $918.8M | $567.8M |
| YoY change | — | -1.08% | +94.5% | +90.9% | -66.7% | -30.1% | -38.2% |
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 | 1.1B | 1.1B | 2.1B | 4B | 1.3B | 918.8M | 567.8M |
| Cost of revenue | 1B | 976.5M | 1.9B | 3.8B | 1.2B | 846.6M | 525.8M |
| Gross profit | 74.4M | 87.8M | 207.8M | 182.4M | 70.2M | 72.2M | 42M |
| Gross margin | 6.91% | 8.25% | 10% | 4.62% | 5.34% | 7.86% | 7.4% |
| Research & development | 7.5M | 7.3M | 10.9M | 12.1M | 7.9M | 4.5M | 3.4M |
| Selling, general & administrative | 100.3M | 94.3M | 177.2M | 297.6M | 166.6M | 113.7M | 72M |
| Operating expenses | 107.8M | 101.5M | 188M | 309.7M | 174.6M | 118.2M | 75.4M |
| Operating income | -33.4M | -13.8M | 19.8M | -127.3M | -104.4M | -46M | -33.4M |
| Operating margin | -3.1% | -1.29% | 0.95% | -3.22% | -7.94% | -5.01% | -5.88% |
| Non-operating income, net | — | 834K | 2.7M | 25.1M | 6.2M | 2.6M | 849K |
| Pretax income | -51.7M | -23M | 6.6M | -148.3M | -117.1M | -62.1M | -45.9M |
| Income tax | 254K | 163K | 170K | 359K | 163K | 31K | 441K |
| Net income | -52M | -23.1M | 6.5M | -148.6M | -117.2M | -62.2M | -46.4M |
| Net margin | -4.83% | -2.17% | 0.31% | -3.76% | -8.92% | -6.77% | -8.17% |
| EBITDA | -33M | -12.5M | 20.5M | -124.8M | -97.5M | -43.1M | -31.4M |
| EPS | -15.5 | -6 | 0.75 | -9.15 | -4.44 | -2.27 | -15 |
| Diluted EPS | -15.5 | -6 | 0.75 | -9.15 | -4.44 | -2.27 | -15 |
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 | 234.2M | 240.5M | 285.4M | 251.1M | 208.1M | 174.3M | 160.7M | 160.3M | 132.7M | 114.1M | 80.1M | 77.7M |
| Cost of revenue | 210.3M | 223.8M | 262.8M | 229.3M | 190.9M | 163.7M | 150.2M | 146.1M | 123.3M | 106.1M | 74.5M | 70.5M |
| Gross profit | 24M | 16.7M | 22.6M | 21.9M | 17.1M | 10.6M | 10.5M | 14.2M | 9.3M | 8M | 5.6M | 7.1M |
| Gross margin | 10.2% | 6.94% | 7.92% | 8.71% | 8.24% | 6.08% | 6.54% | 8.85% | 7.04% | 7.02% | 6.94% | 9.17% |
| Research & development | 2.2M | 1.2M | 1.8M | 964K | 947K | 840K | 1M | 986K | 788K | 611K | 886K | 954K |
| Selling, general & administrative | 41.4M | 26.7M | 34.4M | 30.8M | 25.1M | 23.4M | 21M | 21M | 15.3M | 14.7M | 13.7M | 14.4M |
| Operating expenses | 43.5M | 27.9M | 36.2M | 31.7M | 26.1M | 24.3M | 22M | 22M | 16.1M | 15.3M | 14.6M | 15.4M |
| Operating income | -19.5M | -11.3M | -13.6M | -9.9M | -8.9M | -13.7M | -11.5M | -7.8M | -6.7M | -7.3M | -9M | -8.2M |
| Operating margin | -8.34% | -4.68% | -4.76% | -3.93% | -4.29% | -7.84% | -7.18% | -4.85% | -5.08% | -6.42% | -11.3% | -10.6% |
| Non-operating income, net | 4M | 956K | 1.1M | 606K | 526K | 367K | 39K | 573K | -836K | 1.1M | 530K | 354K |
| Pretax income | -20M | -15.4M | -17.4M | -13.8M | -13.5M | -17.4M | -15M | -10.9M | -11.2M | -8.8M | -10.1M | -9.3M |
| Income tax | 6K | -8K | 123K | -54K | 24K | -62K | 37K | 30K | 380K | -6K | 16K | 16K |
| Net income | -20M | -15.4M | -17.5M | -13.8M | -13.5M | -17.3M | -15.1M | -10.9M | -11.6M | -8.8M | -10.1M | -9.3M |
| Net margin | -8.53% | -6.42% | -6.14% | -5.49% | -6.51% | -9.94% | -9.37% | -6.8% | -8.75% | -7.73% | -12.7% | -12% |
| EBITDA | -15.5M | -10M | -12.7M | -9.1M | -8.3M | -13M | -11M | -7.3M | -6.3M | -6.8M | -8.4M | -7.7M |
| EPS | -0.73 | -0.57 | -0.64 | -0.5 | -0.49 | -0.63 | -0.55 | -3.9 | -3.7 | -2.4 | -2.2 | -1.94 |
| Diluted EPS | -0.73 | -0.57 | -0.64 | -0.5 | -0.49 | -0.63 | -0.55 | -3.9 | -3.7 | -2.4 | -2.2 | -1.94 |
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 | — | — | — | — | — | 78.1M | — | 15.8M |
| Enterprise value | — | — | — | — | — | 273.3M | — | 96.2M |
| Shares outstanding | 3.4M | 3.9M | 7.9M | 16.3M | 26.4M | 27.4M | 3.1M | 3.1M |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | -0.22 |
| P/S | — | — | — | — | — | 0.09 | — | 0.04 |
| P/B | — | — | — | — | — | 1.64 | — | 0.42 |
| EV/EBITDA | — | — | — | — | — | -6.35 | — | -3.18 |
| EV/Sales | — | — | — | — | — | 0.3 | — | 0.24 |
| Earnings yield | — | — | — | — | — | — | — | -455.2% |
| FCF yield | — | — | — | — | — | 19.7% | — | 610.7% |
| PEG | — | — | — | — | — | — | — | 0 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Gross margin | 6.91% | 8.25% | 10% | 4.62% | 5.34% | 7.86% | 7.4% | 9.17% |
| Operating margin | -3.1% | -1.29% | 0.95% | -3.22% | -7.94% | -5.01% | -5.88% | -10.6% |
| Net margin | -4.83% | -2.17% | 0.31% | -3.76% | -8.92% | -6.77% | -8.17% | -9.85% |
| ROE | — | 16.1% | 2.51% | -121.9% | -115.2% | -130.4% | -121.4% | -128.9% |
| ROA | — | -9.8% | 0.48% | -18% | -30.9% | -19.9% | -30% | -9.15% |
| ROIC | — | 249.3% | 1.73% | -18.4% | -36.6% | -19% | -31.6% | -29.8% |
| Return on tangible assets | — | -9.8% | 0.48% | -18% | -30.9% | -19.9% | -30% | -24.9% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Current ratio | — | 1.19 | 1.26 | 1.16 | 1.35 | 1.17 | 1.48 | 1.44 |
| Quick ratio | — | 0.29 | 0.2 | 0.21 | 0.34 | 0.32 | 0.43 | 0.46 |
| Debt / equity | — | -1.27 | 3.99 | 5.48 | 2.55 | 5 | 2.46 | 3.04 |
| Debt / assets | — | 0.77 | 0.76 | 0.81 | 0.68 | 0.76 | 0.61 | 0.63 |
| Net debt / EBITDA | — | -11 | 41.8 | -4.58 | -1.88 | -4.53 | -2.14 | -2.32 |
| Interest coverage | -1.83 | -1.29 | 1.42 | -2.22 | -5.21 | -2.33 | -2.43 | -3.28 |
| Effective tax rate | 0% | 0% | 2.56% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Revenue per share | 320.8 | 275.9 | 261.9 | 241.8 | 49.8 | 33.5 | 183.2 | 99.4 |
| EPS (basic) | -15.5 | -6 | 0.75 | -9.15 | -4.44 | -2.27 | -15 | -15 |
| EPS (diluted) | -15.5 | -6 | 0.75 | -9.15 | -4.44 | -2.27 | -15 | -9.75 |
| Book value per share | — | -37.1 | 32.6 | 7.46 | 3.86 | 1.74 | 12.3 | 7.72 |
| FCF per share | -32.8 | 39.4 | -118.4 | 18.6 | 9.91 | 0.56 | 21.2 | 15.3 |
| Cash per share | — | 11.4 | 21.5 | 5.95 | 2.88 | 1.57 | 8.57 | 6.85 |
| Capex per share | 0.29 | 0.74 | 1.47 | 0.07 | 0 | 0.19 | — | — |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Capex / revenue | 0.09% | 0.27% | 0.56% | 0.03% | 0.01% | 0.58% | — | — |
| Capex / operating cash flow | -0.86% | 1.91% | -1.24% | 0.45% | 0.05% | 57.7% | — | — |
| Payout ratio | — | — | — | — | — | — | — | 0% |
| — |
| — |
| $2.1B |
| — |
| FY20 | — | -$6 | — | — | $1.1B | — |
| FY19 | — | -$15.5 | — | — | $1.1B | — |
| Q1 24 |
|---|
| Q2 24 |
|---|
| Q3 24 |
|---|
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $234.2M | $240.5M | $285.4M | $251.1M | $208.1M | $174.3M | $160.7M | $160.3M | $132.7M | $114.1M | $80.1M | $77.7M |
| YoY change | -71.5% | -64.5% | -53.2% | +9.11% | -11.2% | -27.5% | -43.7% | -36.2% | -36.2% | -34.5% | -50.2% | -51.6% |
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 | 43.9M | 169.8M | 97.2M | 76M | 43M | 26.5M |
| Receivables | 2.3M | 6.2M | 2.4M | 9.9M | 3.8M | 7.9M |
| Inventory | 171.4M | 1.1B | 664.7M | 276.5M | 214.2M | 93.8M |
| Total current assets | 227.3M | 1.3B | 814.2M | 371.6M | 294.2M | 131.7M |
| Property, plant & equipment | — | — | — | — | — | 10.3M |
| Goodwill & intangibles | — | — | — | — | — | — |
| Total assets | 235.9M | 1.4B | 825.1M | 379.7M | 313.1M | 154.8M |
| Accounts payable | 2.1M | 6.4M | 4.6M | 4.9M | 1.9M | 1.7M |
| Short-term debt | 177M | 1B | 668.3M | 259.5M | 238.2M | 79.2M |
| Total current liabilities | 190.3M | 1.1B | 699M | 276M | 251M | 88.8M |
| Long-term debt | 4.7M | — | — | — | — | 14.7M |
| Total liabilities | 379.1M | 1.1B | 703.2M | 277.9M | 265.4M | 116.6M |
| Shareholders' equity | -143.3M | 257.6M | 121.9M | 101.8M | 47.7M | 38.2M |
| Total debt | 181.7M | 1B | 668.3M | 259.5M | 238.2M | 93.8M |
| Net debt | 137.7M | 857.7M | 571.1M | 183.5M | 195.2M | 67.3M |
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 | — | — | — | — | — | — | — | — | 31M | 26.5M | 40.8M | 33.1M |
| Receivables | 3.9M | 9.9M | 4.3M | 6.7M | 5.6M | 3.8M | 6.3M | 7.5M | 7.4M | 7.9M | 8.2M | 6.1M |
| Inventory | — | — | — | — | — | — | — | — | 162.4M | 93.8M | 74.7M | 94.2M |
| Total current assets | — | — | — | — | — | — | — | — | 205.6M | 131.7M | 127.1M | 138.1M |
| Property, plant & equipment | 0 | — | 0 | 0 | 0 | 0 | — | 0 | 9.3M | 10.3M | 10M | 9.6M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | — | — | — | — | — | — | — | — | 223.5M | 154.8M | 149.8M | 160.3M |
| Accounts payable | — | — | — | — | — | — | — | — | 1.9M | 1.7M | 2.1M | 2.9M |
| Short-term debt | — | — | — | — | — | — | — | — | 143.2M | 79.2M | 66.9M | 86.3M |
| Total current liabilities | — | — | — | — | — | — | — | — | 155.6M | 88.8M | 76.4M | 95.7M |
| Long-term debt | — | — | — | — | — | — | — | — | 14.6M | 14.7M | 14.7M | 14.7M |
| Total liabilities | — | — | — | — | — | — | — | — | 183.6M | 116.6M | 103.9M | 123M |
| Shareholders' equity | — | — | — | — | — | — | — | — | 39.9M | 38.2M | 45.8M | 37.3M |
| Total debt | — | — | — | — | — | — | — | — | 157.9M | 93.8M | 81.6M | 101M |
| Net debt | — | — | — | — | — | — | — | — | 126.9M | 67.3M | 40.7M | 67.9M |
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 | -52M | -23.1M | 6.5M | -148.6M | -117.2M | -62.2M | -46.4M |
| Depreciation & amortization | 377K | 434K | 523K | 1M | 728K | 611K | 979K |
| Stock-based compensation | 1.3M | 1.4M | 3.1M | 8.3M | 7.9M | 8.1M | 2.8M |
| Change in working capital | -64.2M | 170.9M | -949.3M | 376.1M | 372M | 60.9M | 105.1M |
| Operating cash flow | -114.5M | 149.8M | -938.3M | 239.8M | 267.7M | 9.2M | 66.8M |
| Capital expenditure | -979K | -2.9M | -11.7M | -1.1M | -127K | -5.3M | — |
| Investing cash flow | -979K | -2.9M | -11.7M | -1.1M | 2M | -5.3M | 0 |
| Dividends paid | — | — | — | — | — | — | — |
| Share repurchases | -10.7M | 0 | 0 | — | — | — | — |
| Financing cash flow | -897M | -1.1B | -836.5M | -3.9B | -1.7B | -851.3M | -687.6M |
| Net change in cash | -1B | -944.7M | -1.8B | -3.7B | -1.5B | -847.4M | -620.8M |
| Free cash flow | -110M | 152M | -935.6M | 304.3M | 261.5M | 15.4M | 65.7M |
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 | -20M | -15.4M | -17.5M | -13.8M | -13.5M | -17.3M | -15.1M | -10.9M | -11.6M | -8.8M | -10.1M | -9.3M |
| Depreciation & amortization | 176K | 172K | 166K | 148K | 150K | 147K | 206K | 253K | 253K | 267K | 287K | 285K |
| Stock-based compensation | 2M | 2M | 3.9M | 3.2M | 715K | 249K | 1.8M | 1.3M | 815K | -1M | 942K | 1M |
| Change in working capital | -81.8M | 5.1M | 14.8M | -46.1M | 51.3M | 40.9M | -633K | -5M | 49.1M | 61.6M | 18.9M | -17M |
| Operating cash flow | -98.5M | -6.9M | 2.1M | -56.2M | 39M | 24.3M | -13.4M | -13.5M | 40M | 50.5M | 9M | -25.9M |
| Capital expenditure | 0 | -37K | -323K | 5K | -881K | -4.1M | -994K | — | — | — | — | — |
| Investing cash flow | -697K | 1.7M | -323K | 5K | -881K | -4.1M | -994K | — | — | — | — | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | -1.2M | — |
| Financing cash flow | -107.6M | -229M | -249.1M | -156.1M | -238.6M | -207.5M | -216.2M | -138.9M | -193.3M | -175.9M | -71.8M | -37.7M |
| Net change in cash | -206.8M | -234.3M | -247.3M | -212.3M | -200.5M | -187.3M | -230.5M | -152.3M | -153.4M | -125.4M | -62.8M | -63.5M |
| Free cash flow | -94.5M | -15.4M | 2M | -54.4M | 38.7M | 29.1M | -11.2M | -13.6M | 40M | 50.5M | 9M | -25.9M |