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 | -$0.04 | -$0.04 | 0.0% | — | $5.1M | — |
| Q1 26 | -$0.03 | -$0.03 | 0.0% | — | $6.7M | — |
| Q4 25 | -$0.02 | -$0.04 | -100.0% | — | $4.6M | — |
| Q2 25 | -$0.02 | -$0.07 | -250.0% | — | $3.5M | — |
| Q1 25 | -$0.06 | -$0.04 | +33.3% | — | $5.8M | — |
| Q4 24 | -$0.09 | -$0.11 | -22.2% | — | $2M | — |
| Q3 24 | -$0.08 | -$0.09 | -12.5% | — | $0 | — |
| Q2 24 | -$0.07 | -$0.06 | +14.3% | — | $0 | — |
| Q1 24 | -$0.05 | -$0.05 | 0.0% | — | $0 | — |
| Q4 23 | -$0.12 | -$0.03 | +75.0% | — | $0 | — |
| Q3 23 | -$0.07 | -$0.04 | +42.9% | — | $0 | — |
| Q2 23 | -$0.08 | -$0.04 | +50.0% | — | $0 | — |
| Q1 23 | -$0.06 | -$0.05 | +16.7% | — | $0 | — |
| Q4 22 | -$0.09 | -$0.03 | +66.7% | — | $0 | — |
| Q3 22 | -$0.08 | -$0.08 | 0.0% | — | $0 | — |
| Q1 13 | — | -$0.24 | — | — | — | — |
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 | — | -$0.22 | — | — | $21M | — |
| FY24 | — | -$0.31 | — | — | $2M | — |
| FY23 | — | -$0.17 | — | — | $0 | — |
| FY22 | — | -$0.17 | — | — | $0 | — |
| FY21 | — | -$0.09 |
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 | $0 | $0 | $2M | $21M |
| YoY change | — | 0% | 0% | 0% | 0% | +InfinityT% | +929.4% |
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 |
|---|
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 | 0 | 0 | 2M | 21M |
| Cost of revenue | — | — | — | — | — | 752K | 9.7M |
| Gross profit | — | — | — | — | — | 1.3M | 11.3M |
| Gross margin | — | — | — | — | — | 63.1% | 53.8% |
| Research & development | 10.5M | 9.4M | 15.5M | 28M | 30.7M | 72.1M | 67M |
| Selling, general & administrative | 4.8M | 4.5M | 16.5M | 51.6M | 47.5M | 38.4M | 26.9M |
| Operating expenses | 15.3M | 13.9M | 32M | 79.6M | 78.2M | 110.5M | 93.9M |
| Operating income | -15.3M | -13.9M | -32M | -79.6M | -78.2M | -109.2M | -82.6M |
| Operating margin | — | — | — | — | — | -5.4K% | -393.4% |
| Non-operating income, net | 12K | -55K | 528K | 23.6M | 7.2M | -5.8M | 467K |
| Pretax income | -14.6M | -13.9M | -31.2M | -49.7M | -54.3M | -100M | -72.8M |
| Income tax | 108K | 7K | 25K | 1.3M | -853K | 188K | 231K |
| Net income | -14.7M | -13.9M | -31.3M | -51M | -53.4M | -100.2M | -73M |
| Net margin | — | — | — | — | — | -4.9K% | -347.8% |
| EBITDA | -14.4M | -12.2M | -31.2M | -102.4M | -79.4M | -95.6M | -74M |
| EPS | -0.04 | -0.04 | -0.09 | -0.17 | -0.17 | -0.31 | -0.22 |
| Diluted EPS | -0.04 | -0.04 | -0.09 | -0.17 | -0.17 | -0.31 | -0.22 |
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 | 0 | 0 | 0 | 0 | 0 | 2M | 5.8M | 3.5M | 7.1M | 4.6M | 6.7M | 5.1M |
| Cost of revenue | — | — | — | — | — | — | 1.2M | 927K | 3.5M | 4M | 5.5M | 3.9M |
| Gross profit | — | — | — | — | — | — | 4.6M | 2.6M | 3.6M | 514K | 1.2M | 1.1M |
| Gross margin | — | — | — | — | — | — | 78.7% | 73.7% | 51.1% | 11.3% | 18.1% | 22.6% |
| Research & development | 8.5M | 7.4M | 11.8M | 15.1M | 24.4M | 20.9M | 20.5M | 19.1M | 15.6M | 11.8M | 11M | 11.4M |
| Selling, general & administrative | 10.9M | 10.6M | 9.5M | 9.6M | 9.8M | 9.5M | 7.3M | 6.5M | 6.7M | 6.4M | 8.1M | 9M |
| Operating expenses | 19.4M | 17.9M | 21.3M | 24.6M | 34.2M | 30.4M | 27.8M | 25.6M | 22.3M | 18.2M | 19.1M | 20.3M |
| Operating income | -19.4M | -17.9M | -21.3M | -24.6M | -34.2M | -29.1M | -23.3M | -23M | -18.6M | -17.7M | -17.9M | -19.2M |
| Operating margin | — | — | — | — | — | -1.4K% | -401.7% | -652.3% | -262% | -387.7% | -266.3% | -378.5% |
| Non-operating income, net | 1.9M | 1.4M | 1.7M | 831K | 504K | -8.9M | 8.2M | -1.3M | -4.7M | -1.7M | 4.5M | -47K |
| Pretax income | -13.3M | -12.3M | -15.4M | -19.8M | -30M | -34.8M | -12.4M | -22M | -21M | -17.4M | -11.7M | -17.8M |
| Income tax | 208K | -1.5M | 197K | 96K | 138K | -243K | 4K | 668K | -108K | -333K | 414K | 132K |
| Net income | -13.5M | -10.8M | -15.6M | -19.9M | -30.2M | -34.5M | -12.4M | -22.7M | -20.9M | -17M | -12.1M | -17.9M |
| Net margin | — | — | — | — | — | -1.7K% | -214.6% | -642.2% | -293.9% | -373.5% | -180.3% | -353% |
| EBITDA | -19.7M | -17.7M | -20.4M | -24.1M | -33M | -18.1M | -28.6M | -19M | -12.1M | -14.2M | -19.4M | -16.5M |
| EPS | -0.04 | -0.03 | -0.05 | -0.06 | -0.09 | -0.11 | -0.04 | -0.07 | -0.06 | -0.05 | -0.04 | -0.05 |
| Diluted EPS | -0.04 | -0.03 | -0.05 | -0.06 | -0.09 | -0.11 | -0.04 | -0.07 | -0.06 | -0.05 | -0.04 | -0.05 |
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 | — | — | 3.5B | — | 576.5M | 704.8M | 595.7M | 197.5M |
| Enterprise value | — | — | 3.3B | — | 257.8M | 452.8M | 405M | 42.6M |
| Shares outstanding | 347.9M | 347.9M | 347.9M | 288.3M | 315.1M | 321.8M | 330.9M | 330.9M |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | -2.41 |
| P/S | — | — | — | — | — | 345.5 | 28.4 | 8.46 |
| P/B | — | — | -39.2 | — | 1.61 | 2.53 | 2.77 | 1.06 |
| EV/EBITDA | — | — | -105.8 | — | -3.25 | -4.73 | -5.47 | -0.68 |
| EV/Sales | — | — | — | — | — | 222 | 19.3 | 1.82 |
| Earnings yield | — | — | — | — | — | — | — | -41.5% |
| FCF yield | — | — | -1.13% | — | -12.5% | -11.1% | -10.3% | -14.3% |
| PEG | — | — | — | — | — | — | — | 0.08 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Gross margin | — | — | — | — | — | 63.1% | 53.8% | 22.6% |
| Operating margin | — | — | — | — | — | -5.4K% | -393.4% | -378.5% |
| Net margin | — | — | — | — | — | -4.9K% | -347.8% | -289.6% |
| ROE | 30.3% | 22.4% | 35.4% | -13% | -14.9% | -36% | -34% | -31.2% |
| ROA | -40.4% | -56.5% | -16.2% | -11.6% | -13.1% | -30.4% | -26.8% | -17.4% |
| ROIC | 20.7% | 18.3% | 12.9% | -588.6% | -194.3% | -414.9% | -343.3% | -235.2% |
| Return on tangible assets | -44.9% | -65.7% | -16.4% | -11.7% | -13.2% | -30.6% | -30.4% | -33.3% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Current ratio | 11.6 | 3.9 | 15.5 | 20.5 | 17.1 | 12.1 | 8.95 | 6.52 |
| Quick ratio | 11.6 | 3.9 | 15.5 | 20.5 | 17.1 | 12.1 | 8.74 | 6.22 |
| Debt / equity | — | -0.01 | 0 | 0.03 | 0.04 | 0.04 | 0.04 | 0.04 |
| Debt / assets | — | 0.03 | 0 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 |
| Net debt / EBITDA | — | 1.14 | 5.15 | 3.69 | 4.01 | 2.63 | 2.58 | 2.5 |
| 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 | 0 | 0 | 0.01 | 0.06 | 0.07 |
| EPS (basic) | -0.04 | -0.04 | -0.09 | -0.17 | -0.17 | -0.31 | -0.22 | -0.22 |
| EPS (diluted) | -0.04 | -0.04 | -0.09 | -0.17 | -0.17 | -0.31 | -0.22 | -0.2 |
| Book value per share | -0.14 | -0.18 | -0.25 | 1.36 | 1.14 | 0.86 | 0.65 | 0.5 |
| FCF per share | -0.05 | -0.03 | -0.11 | -0.21 | -0.23 | -0.24 | -0.19 | -0.18 |
| Cash per share | 0.07 | 0.04 | 0.46 | 1.35 | 1.06 | 0.82 | 0.6 | 0.44 |
| Capex per share | 0.01 | 0 | 0.03 | 0.05 | 0.05 | 0.04 | — | — |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Capex / revenue | — | — | — | — | — | 598.3% | — | — |
| Capex / operating cash flow | -19.6% | -9.13% | -28.4% | -29.7% | -42.5% | -18.8% | — | — |
| Payout ratio | — | — | — | — | — | — | — | 0% |
| — |
| — |
| $0 |
| — |
| FY20 | — | -$0.04 | — | — | $0 | — |
| FY19 | — | -$0.04 | — | — | $0 | — |
| Q2 24 |
|---|
| Q3 24 |
|---|
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $0 | $0 | $0 | $0 | $0 | $2M | $5.8M | $3.5M | $7.1M | $4.6M | $6.7M | $5.1M |
| YoY change | 0% | 0% | 0% | 0% | 0% | +InfinityT% | +InfinityT% | +InfinityT% | +InfinityT% | +123.6% | +15.8% | +43.8% |
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 | 25.4M | 14.7M | 160.5M | 390.1M | 332.4M | 262.5M | 199.6M |
| Receivables | — | — | — | — | — | 950K | 4.8M |
| Inventory | — | — | 0 | 383K | 558K | 212K | 5.2M |
| Total current assets | 25.9M | 15.1M | 170M | 396.6M | 348.6M | 276.9M | 216.3M |
| Property, plant & equipment | 7.2M | 6M | 12.5M | 39.1M | 51.1M | 48.1M | 36.5M |
| Goodwill & intangibles | 3.7M | 3.5M | 3.3M | 2.9M | 2.7M | 2.4M | 32.2M |
| Total assets | 36.4M | 24.6M | 193.4M | 440.4M | 406.8M | 329.8M | 272.6M |
| Accounts payable | 640K | 1M | 4.7M | 6.2M | 4.8M | 1.9M | 5.7M |
| Short-term debt | — | 840K | — | 1.9M | 2.4M | 2.6M | 3.1M |
| Total current liabilities | 2.2M | 3.9M | 11M | 19.4M | 20.4M | 22.8M | 24.2M |
| Long-term debt | — | — | 0 | 10.2M | 11.3M | 8M | 5.8M |
| Total liabilities | 84.9M | 86.7M | 281.7M | 48.9M | 47.9M | 51.5M | 57.9M |
| Shareholders' equity | -48.5M | -62.1M | -88.3M | 391.5M | 358.9M | 278.3M | 214.8M |
| Total debt | — | 840K | 0 | 12.1M | 13.7M | 10.6M | 8.9M |
| Net debt | — | -1.6M | -160.5M | -94.6M | -72M | -118.2M | -20.6M |
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 | 342.2M | 332.4M | 318.8M | 294.8M | 273.7M | 262.5M | 239.8M | 228.9M | 214M | 199.6M | 177.7M | 163M |
| Receivables | — | — | — | — | — | 950K | 1.5M | 3M | 3.4M | 4.8M | 8.2M | 7.7M |
| Inventory | 596K | 558K | 425K | 519K | 320K | 212K | 155K | 114K | 3.7M | 5.2M | 7M | 8.4M |
| Total current assets | 352.1M | 348.6M | 327.1M | 310.1M | 291.5M | 276.9M | 256.1M | 243M | 230.4M | 216.3M | 200.6M | 186M |
| Property, plant & equipment | 46.3M | 51.1M | 51.8M | 52.4M | 52.8M | 48.1M | 45.2M | 42.8M | 39.2M | 36.5M | 33.3M | 30.6M |
| Goodwill & intangibles | 1.4M | 2.7M | 1.3M | 1.3M | 1.2M | 2.4M | 1.2M | 1.2M | 31M | 32.2M | 32M | 31.9M |
| Total assets | 403.3M | 406.8M | 385.9M | 368.4M | 349.9M | 329.8M | 306M | 290.5M | 288.8M | 272.6M | 253.5M | 236.2M |
| Accounts payable | 5.8M | 4.8M | 2.8M | 2.4M | 2.2M | 1.9M | 1.8M | 2M | 4.8M | 5.7M | 5.9M | 5.6M |
| Short-term debt | 2.1M | 2.4M | 2.4M | 2.5M | 2.6M | 2.6M | 2.6M | 2.7M | 4.2M | 3.1M | 2.3M | 2.1M |
| Total current liabilities | 15.8M | 20.4M | 13.9M | 14M | 19.1M | 22.8M | 16.4M | 19.5M | 28M | 24.2M | 29.2M | 28.5M |
| Long-term debt | 9.5M | 11.3M | 9.7M | 9.3M | 8.4M | 8M | 6.9M | 6.6M | 6.2M | 5.8M | 5.4M | 5.1M |
| Total liabilities | 39.5M | 47.9M | 38.5M | 36.8M | 40.6M | 51.5M | 36.1M | 41.2M | 60.6M | 57.9M | 50.3M | 49.2M |
| Shareholders' equity | 363.7M | 358.9M | 347.4M | 331.6M | 309.3M | 278.3M | 269.9M | 249.2M | 228.2M | 214.8M | 203.2M | 187.1M |
| Total debt | 11.7M | 13.7M | 12.1M | 11.8M | 11M | 10.6M | 9.5M | 9.3M | 10.4M | 8.9M | 7.7M | 7.1M |
| Net debt | -38.3M | -72M | -117.5M | -43M | -55.7M | -118.2M | -46.5M | -2.5M | -24.9M | -20.6M | -39.2M | -57M |
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 | -14.7M | -13.9M | -31.3M | -51M | -53.4M | -100.2M | -73M |
| Depreciation & amortization | 918K | 1.7M | 1.7M | 2.6M | 5.5M | 8.3M | 10.3M |
| Stock-based compensation | 123K | 154K | 4.6M | 22.8M | 20.6M | 19.9M | 11M |
| Change in working capital | -84K | 1.3M | -6.6M | 1.2M | -2.8M | 3M | -3.1M |
| Operating cash flow | -13.7M | -10.8M | -31.6M | -49.4M | -37.1M | -65M | -58.4M |
| Capital expenditure | -2.7M | -982K | -9M | -14.7M | -15.8M | -12.2M | — |
| Investing cash flow | -2.7M | -13.3M | -272.7M | -296M | 32.7M | 108.2M | -36.3M |
| Dividends paid | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | -1.6M |
| Financing cash flow | 1.1M | 840K | 184.1M | 289.6M | 2.8M | — | -2M |
| Net change in cash | -15.3M | -23.2M | -120.1M | -55.8M | -1.6M | 43.2M | -96.7M |
| Free cash flow | -18.9M | -12M | -39M | -61.2M | -72.2M | -78.3M | -61.2M |
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 | -13.5M | -10.8M | -15.6M | -19.9M | -30.2M | -34.5M | -12.4M | -22.7M | -20.9M | -17M | -12.1M | -17.9M |
| Depreciation & amortization | 1.6M | 1.6M | 1.7M | 1.9M | 2.2M | 2.4M | 2.5M | 2.5M | 2.6M | 2.6M | 2.7M | 2.7M |
| Stock-based compensation | 2.4M | 4.4M | 4.8M | 4.8M | 6.5M | 3.8M | 4M | 2.7M | 2.2M | 2.1M | 2.1M | 2M |
| Change in working capital | -2.4M | -2.1M | 2.4M | 532K | -2.2M | 2.3M | -951K | -1.1M | 5.3M | -6.1M | -5.1M | -842K |
| Operating cash flow | -13.9M | -7.9M | -10.3M | -12.7M | -24.1M | -17.8M | -15.8M | -10.8M | -14.3M | -10.4M | -19.8M | -13.8M |
| Capital expenditure | -4.5M | -3.5M | -6.8M | -3.7M | -1.5M | -233K | -916K | — | — | — | — | — |
| Investing cash flow | 11.5M | 45.1M | 53.2M | -52.7M | 33.6M | 74M | -49.8M | -32.5M | 39.1M | 5.2M | 39.5M | 32.1M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | 0 | — | — |
| Financing cash flow | — | — | — | — | — | — | — | — | -60K | -15K | -2.1M | -376K |
| Net change in cash | -2.4M | 37.2M | 42.9M | -65.4M | 9.5M | 56.3M | -65.7M | -43.4M | 24.8M | -5.2M | 17.6M | 17.9M |
| Free cash flow | -17.5M | -16M | -15.7M | -25.8M | -24.2M | -12.5M | -23.7M | -11.6M | -14.7M | -11.1M | -20.1M | -14.5M |