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 | -$0.09 | -$0.13 | -44.4% | — | $3.1M | — |
| Q1 26 | -$0.08 | -$0.05 | +37.5% | — | $2.9M | — |
| Q4 25 | -$0.06 | -$0.09 | -50.0% | — | $2.8M | — |
| Q3 25 | -$0.07 | -$0.05 | +28.6% | — | $3.7M | — |
| Q2 25 | -$0.05 | -$0.08 | -60.0% | — | $3.1M | — |
| Q1 25 | -$0.04 | -$0.03 | +25.0% | — | $15M | — |
| Q4 24 | -$0.06 | -$0.08 | -33.3% | — | $2.3M | — |
| Q3 24 | -$0.08 | -$0.1 | -25.0% | — | $1.9M | — |
| Q2 24 | -$0.08 | -$0.11 | -37.5% | — | $2.2M | — |
| Q1 24 | -$0.07 | -$0.1 | -42.9% | — | $2.5M | — |
| Q4 23 | -$0.08 | -$0.09 | -12.5% | — | $2.9M | — |
| Q3 23 | -$0.12 | -$0.14 | -16.7% | — | $2.6M | — |
| Q2 23 | -$0.13 | -$0.16 | -23.1% | — | $1.7M | — |
| Q1 23 | -$0.11 | -$0.14 | -27.3% | — | $1.6M | — |
| Q3 22 | -$0.12 | -$0.11 | +8.3% | — | $1.7M | — |
| Q2 22 | — | -$0.12 | — | — | $1.4M | — |
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 | — | -$1.11 | — | — | $24.6M | — |
| FY24 | — | -$0.75 | — | — | $8.8M | — |
| FY23 | — | -$0.6 | — | — | $8.8M | — |
| FY22 | — | -$0.45 | — | — | $7.2M | — |
| FY21 | — | -$0.37 | — |
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 | $5.2M | $6.3M | $7.2M | $8.8M | $8.8M | $24.6M |
| YoY change | — | +21.7% | +14.2% | +22.1% | +0.79% | +178.5% |
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 | 5.2M | 6.3M | 7.2M | 8.8M | 8.8M | 24.6M |
| Cost of revenue | 915K | 1.8M | 2.9M | 4.1M | 3.3M | 4.3M |
| Gross profit | 4.2M | 4.5M | 4.3M | 4.6M | 5.6M | 20.3M |
| Gross margin | 82.3% | 72.1% | 59.2% | 52.8% | 63% | 82.6% |
| Research & development | 20.4M | 25.4M | 32.1M | 37.9M | 35.3M | 50.7M |
| Selling, general & administrative | 15.3M | 18.1M | 31.6M | 47.3M | 47.5M | 69.9M |
| Operating expenses | 23.7M | 36.3M | 63.7M | 85.2M | 82.8M | 120.7M |
| Operating income | -31.5M | -38.9M | -59.5M | -80.5M | -77.2M | -100.4M |
| Operating margin | -609.8% | -620.3% | -828.9% | -919.7% | -874.8% | -408.2% |
| Non-operating income, net | 14.7M | 2M | 8.1M | -14K | -62.8M | -274.8M |
| Pretax income | -22M | -41M | -53.7M | -82.7M | -143.9M | -355.1M |
| Income tax | — | — | — | — | — | — |
| Net income | -22M | -41M | -53.7M | -82.7M | -143.9M | -355.1M |
| Net margin | -425.7% | -652.5% | -748.7% | -944.5% | -1.6K% | -1.4K% |
| EBITDA | -25.8M | -35.5M | -54.6M | -81.1M | -71.3M | -78M |
| EPS | -0.2 | -0.37 | -0.45 | -0.6 | -0.75 | -1.11 |
| Diluted EPS | -0.2 | -0.37 | -0.45 | -0.6 | -0.75 | -1.11 |
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 | 2.6M | 2.9M | 2.5M | 2.2M | 1.9M | 2.3M | 15M | 3.1M | 3.7M | 2.8M | 2.9M | 3.1M |
| Cost of revenue | 1M | 939K | 806K | 795K | 827K | 836K | 1.1M | 1.1M | 1.1M | 968K | 1M | 1.4M |
| Gross profit | 1.5M | 2M | 1.7M | 1.4M | 1M | 1.5M | 13.9M | 2M | 2.7M | 1.8M | 1.8M | 1.7M |
| Gross margin | 59.7% | 67.7% | 67.3% | 63.6% | 55.8% | 63.8% | 92.5% | 63.8% | 71.4% | 64.8% | 63.6% | 55.4% |
| Research & development | 9.5M | 8M | 8.5M | 8.4M | 8.7M | 9.8M | 10.3M | 12.7M | 14.1M | 13.7M | 25.8M | 28.2M |
| Selling, general & administrative | 10.5M | 10.6M | 10.7M | 11.9M | 13M | 12M | 14.9M | 15.8M | 16.3M | 22.9M | 30.8M | 26.7M |
| Operating expenses | 18.9M | 18.5M | 19.2M | 20.2M | 21.7M | 21.7M | 25.2M | 28.5M | 30.4M | 36.6M | 56.5M | 55M |
| Operating income | -18.4M | -17.6M | -17.5M | -18.8M | -20.6M | -20.2M | -11.3M | -26.5M | -27.7M | -34.8M | -54.7M | -53.3M |
| Operating margin | -718.5% | -605.4% | -710.6% | -863% | -1.1K% | -876.2% | -75.3% | -856.3% | -741.8% | -1.3K% | -1.9K% | -1.7K% |
| Non-operating income, net | 4.1M | -1.2M | 1.3M | 2.2M | -896K | -65.4M | 6.1M | -140.6M | -112M | -28.2M | 2.4M | 485K |
| Pretax income | -16.1M | -16.4M | -17.3M | -17.8M | -22.7M | -86.1M | -5.4M | -167.3M | -140M | -42.3M | -46.8M | -48M |
| Income tax | — | — | — | — | — | — | — | — | — | — | -28.5M | 8K |
| Net income | -16.1M | -16.4M | -17.3M | -17.8M | -22.7M | -86.1M | -5.4M | -167.3M | -140M | -42.3M | -18.4M | -48M |
| Net margin | -628.6% | -563.7% | -702.3% | -814.4% | -1.2K% | -3.7K% | -36.1% | -5.4K% | -3.7K% | -1.5K% | -642.3% | -1.6K% |
| EBITDA | -16.1M | -18.7M | -14.8M | -18.2M | -21.6M | -16.8M | -8.6M | -24.6M | -18.2M | -26.7M | -44.3M | -42.7M |
| EPS | -0.12 | -0.1 | -0.11 | -0.1 | -0.11 | -0.37 | -0.02 | -0.55 | -0.41 | -0.12 | -0.05 | -0.13 |
| Diluted EPS | -0.12 | -0.1 | -0.11 | -0.1 | -0.11 | -0.37 | -0.02 | -0.55 | -0.41 | -0.12 | -0.05 | -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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Market cap | 1.1B | 1.1B | 172.3M | — | — | — | 6.4B |
| Enterprise value | 1.1B | 1.1B | 207.5M | — | — | — | 6B |
| Shares outstanding | 109.7M | 109.7M | 119.6M | 138M | 192.1M | 321.2M | 321.2M |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | -15.1 |
| P/S | 221.4 | 171.6 | 24 | — | — | — | 531.9 |
| P/B | 34.9 | -58.7 | -5.85 | — | — | — | 5.98 |
| EV/EBITDA | -43.7 | -31.2 | -3.8 | — | — | — | -37.1 |
| EV/Sales | 218.2 | 176.4 | 28.9 | — | — | — | 481.8 |
| Earnings yield | — | — | — | — | — | — | -6.62% |
| FCF yield | -2.63% | -3.41% | -26.5% | — | — | — | -1.15% |
| PEG | — | — | — | — | — | — | 0.2 |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Gross margin | 82.3% | 72.1% | 59.2% | 52.8% | 63% | 82.6% | 55.4% |
| Operating margin | -609.8% | -620.3% | -828.9% | -919.7% | -874.8% | -408.2% | -1.7K% |
| Net margin | -425.7% | -652.5% | -748.7% | -944.5% | -1.6K% | -1.4K% | 82.6% |
| ROE | -67.1% | 223.2% | 182.3% | 337.9% | -229.7% | -41.7% | -28% |
| ROA | -46.3% | -139% | -199.3% | -139.4% | -72% | -38.8% | -10.7% |
| Return on tangible assets | -46.6% | -141.7% | -203% | -140.2% | -72.3% | -38.8% | -501.2% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Current ratio | 3.45 | 1.53 | 0.87 | 4.18 | 6.14 | 42.4 | 20.5 |
| Quick ratio | 3.24 | 1.33 | 0.73 | 4 | 6.08 | 42.2 | 20.4 |
| Debt / equity | 0.14 | -2.15 | -1.44 | -2.97 | 0.61 | 0.05 | 0.04 |
| Debt / assets | 0.1 | 1.34 | 1.57 | 1.22 | 0.19 | 0.05 | 0.04 |
| Net debt / EBITDA | 0.65 | -0.84 | -0.65 | -0.39 | 1.96 | 10.8 | 3.78 |
| Interest coverage | -3.24 | -9.21 | -22 | -2.2K | -35.9 | -87.5 | -66.7 |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Revenue per share | 0.05 | 0.06 | 0.06 | 0.06 | 0.05 | 0.08 | 0.04 |
| EPS (basic) | -0.2 | -0.37 | -0.45 | -0.6 | -0.75 | -1.11 | -1.11 |
| EPS (diluted) | -0.2 | -0.37 | -0.45 | -0.6 | -0.75 | -1.11 | -0.7 |
| Book value per share | 0.3 | -0.17 | -0.25 | -0.18 | 0.33 | 2.65 | 2.91 |
| FCF per share | -0.27 | -0.34 | -0.38 | -0.44 | -0.23 | -0.24 | -0.32 |
| Cash per share | 0.19 | 0.09 | 0.06 | 0.3 | 0.93 | 2.75 | 1.47 |
| Capex per share | 0.01 | 0.02 | 0 | 0 | 0.01 | 0 | 0 |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Capex / revenue | 14.3% | 28.3% | 5.9% | 6.66% | 23.9% | 1.81% | 5.46% |
| Capex / operating cash flow | -5.94% | -5.32% | -1.14% | -0.95% | -1.9% | -0.62% | -0.61% |
| Payout ratio | 0% | 0% | 0% | 0% | — | — | 0% |
| Dividend yield | 0% | 0% | 0% | — | — | — | — |
| — |
| $6.3M |
| — |
| FY20 | — | -$0.2 | — | — | $5.2M | — |
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $2.6M | $2.9M | $2.5M | $2.2M | $1.9M | $2.3M | $15M | $3.1M | $3.7M | $2.8M | $2.9M | $3.1M |
| YoY change | +51.2% | +21.3% | +55.7% | +27.9% | -27% | -20.5% | +508.6% | +41.8% | +99.9% | +19.2% | -80.9% | -0.61% |
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 | 21.3M | 9.5M | 7.1M | 41.3M | 178M | 884.5M |
| Receivables | 590K | 421K | 757K | 1.7M | 1.4M | 1.6M |
| Inventory | 2.5M | 2.1M | 2.2M | 2.1M | 1.7M | 2.8M |
| Total current assets | 41.3M | 16M | 13.9M | 47M | 185M | 896.2M |
| Property, plant & equipment | 2.9M | 3.2M | 2.3M | 2.6M | 4.1M | 7.8M |
| Goodwill & intangibles | 296K | 544K | 488K | 358K | 980K | 1.8M |
| Total assets | 47.5M | 29.5M | 26.9M | 59.4M | 199.9M | 915.8M |
| Accounts payable | 2.2M | 2.1M | 3.8M | 1.5M | 815K | 950K |
| Short-term debt | 1.9M | 2.1M | 3.8M | 1.8M | 1.9M | 1.6M |
| Total current liabilities | 12M | 10.4M | 16M | 11.3M | 30.1M | 21.1M |
| Long-term debt | 2.8M | 37.3M | 38.5M | 70.9M | 36.5M | 41.9M |
| Total liabilities | 14.7M | 47.8M | 56.4M | 83.8M | 137.2M | 63.6M |
| Shareholders' equity | 32.7M | -18.4M | -29.5M | -24.5M | 62.6M | 852.2M |
| Total debt | 4.7M | 39.4M | 42.3M | 72.7M | 38.4M | 43.5M |
| Net debt | -16.7M | 29.9M | 35.2M | 31.3M | -139.6M | -591.9M |
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 | 53.3M | 41.3M | 27.3M | 40.9M | 29.3M | 178M | 304.3M | 819.3M | 836.2M | 884.5M | 588.4M | 546.2M |
| Receivables | 395K | 1.7M | 1.1M | 1.2M | 1.1M | 1.4M | 1M | 1.4M | 1.9M | 1.6M | 8.9M | 2M |
| Inventory | 2.2M | 2.1M | 2.1M | 2.1M | 1.9M | 1.7M | 1.7M | 2.4M | 2.8M | 2.8M | 2.9M | 3.5M |
| Total current assets | 58.2M | 47M | 33.7M | 46.9M | 35.1M | 185M | 310.9M | 828.5M | 848.1M | 896.2M | 607.1M | 560.6M |
| Property, plant & equipment | 1.9M | 2.6M | 2.9M | 3.2M | 3.4M | 4.1M | 4M | 4.5M | 5.6M | 7.8M | 15.1M | 22.1M |
| Goodwill & intangibles | 195K | 358K | 302K | 408K | 436K | 980K | 531K | 1.2M | 1.6M | 1.8M | 1.1B | 1.1B |
| Total assets | 70.2M | 59.4M | 48.6M | 61.8M | 49.6M | 199.9M | 325.6M | 843.6M | 865.8M | 915.8M | 1.2B | 1.2B |
| Accounts payable | 1.5M | 1.5M | 1M | 1.2M | 696K | 815K | 1M | 1.2M | 992K | 950K | 1.7M | 4.5M |
| Short-term debt | 31.5M | 1.8M | 1.8M | 34.1M | 15.7M | 1.9M | 1.9M | 1.6M | 1.6M | 1.6M | 1.7M | 1.4M |
| Total current liabilities | 43.3M | 11.3M | 10.9M | 42.9M | 25.8M | 30.1M | 15M | 19.3M | 15.5M | 21.1M | 28.4M | 27.3M |
| Long-term debt | 16M | 70.9M | 70M | 38.3M | 39M | 36.5M | 36.6M | 38.4M | 38.2M | 41.9M | 45.1M | 46.7M |
| Total liabilities | 61.4M | 83.8M | 85.6M | 83.3M | 66.5M | 137.2M | 118.2M | 149.3M | 195.3M | 63.6M | 75.6M | 75.3M |
| Shareholders' equity | 8.8M | -24.5M | -37M | -21.5M | -16.9M | 62.6M | 207.4M | 694.3M | 670.6M | 852.2M | 1.1B | 1.1B |
| Total debt | 47.5M | 72.7M | 71.8M | 72.4M | 54.6M | 38.4M | 38.5M | 40M | 39.8M | 43.5M | 46.8M | 48.1M |
| Net debt | -5.8M | 31.3M | 44.5M | 31.5M | 25.4M | -139.6M | -265.9M | -779.3M | -796.4M | -591.9M | -291.4M | -248.5M |
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 | -22M | -41M | -53.7M | -82.7M | -143.9M | -355.1M |
| Depreciation & amortization | 2.7M | 2.6M | 2.3M | 1.8M | 1.9M | 2.3M |
| Stock-based compensation | 3M | 1.7M | 9.2M | 21.9M | 15.7M | 22.7M |
| Change in working capital | -1.5M | -731K | 2.7M | -3M | 16.9M | -21M |
| Operating cash flow | -12.4M | -33.4M | -37M | -61.6M | -110.8M | -72M |
| Capital expenditure | -736K | -1.8M | -423K | -583K | -2.1M | -445K |
| Investing cash flow | -736K | -1.8M | -423K | -583K | -2.9M | -247.3M |
| Dividends paid | 0 | 0 | 0 | 0 | — | — |
| Share repurchases | — | — | — | — | — | — |
| Financing cash flow | 43.1M | 24.8M | 43.1M | 93.2M | 180.7M | 564M |
| Net change in cash | 30M | -10.3M | 5.7M | 31M | 67M | 244.8M |
| Free cash flow | -30.1M | -36.8M | -45.7M | -61.3M | -45M | -76.3M |
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 | -16.1M | -16.4M | -17.3M | -17.8M | -22.7M | -86.1M | -5.4M | -167.3M | -140M | -42.3M | -18.4M | -48M |
| Depreciation & amortization | 383K | 444K | 428K | 480K | 450K | 574K | 553K | 507K | 568K | 678K | 4.2M | 5.1M |
| Stock-based compensation | 5.9M | 4.6M | 3.5M | 4.2M | 4.1M | 3.9M | 4M | 6.7M | 6.5M | 5.5M | 8M | 11.1M |
| Change in working capital | -3.5M | -529K | -674K | 170K | 623K | 16.8M | -12.9M | -2.7M | -3.2M | -2.2M | -5.1M | 4.8M |
| Operating cash flow | -13.3M | -12.7M | -14.2M | -11.5M | -20.5M | -65.5M | -13.3M | -15.3M | -19M | -18.4M | -45M | -28.5M |
| Capital expenditure | -62K | -442K | -305K | -545K | -306K | -950K | -438K | -69K | -194K | -122K | -163K | -200K |
| Investing cash flow | -62K | -442K | -1.1M | -545K | -306K | -950K | -438K | -69K | -194K | -247.9M | -251M | -2.2M |
| Dividends paid | — | 0 | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 61.8M | 2.7M | -726K | 28.4M | 7M | 146.4M | 145.6M | 522.2M | -103.9M | -316K | -237K | -6.9M |
| Net change in cash | 48.4M | -10.4M | -15.9M | 16.3M | -13.9M | 79.9M | 131.8M | 506.9M | -123.1M | -266.6M | -296.2M | -37.6M |
| Free cash flow | -17M | -15.2M | -12.6M | -15.1M | -18.4M | 1.1M | -19.8M | -16.1M | -20.3M | -20.2M | -46.2M | -33.1M |