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 | -$0.45 | -$0.46 | -2.2% | — | $17.2M | — |
| Q1 26 | -$0.42 | -$0.41 | +2.4% | — | $16.7M | — |
| Q4 25 | -$0.38 | -$0.38 | 0.0% | — | $14.4M | — |
| Q3 25 | -$0.36 | -$0.64 | -77.8% | — | $11.8M | — |
| Q4 22 | $0.64 | $0.48 | -25.0% | — | — | — |
| Q3 22 | $1.38 | $1.28 | -7.2% | — | — | — |
| Q2 22 | $0.84 | $1.13 | +34.5% | — | — | — |
| Q1 22 | $0.44 | $0.79 | +79.5% | — | — | — |
| Q4 21 | $0.72 | $0.66 | -8.3% | — | — | — |
| Q3 21 | $0.71 | $0.88 | +23.9% | — | — | — |
| Q2 21 | $0.51 | $0.8 | +56.9% | — | — | — |
| Q1 21 | $0.51 | $0.55 | +7.8% | — | — | — |
| Q4 20 | $0.38 | $0.47 | +23.7% | — | — | — |
| Q3 20 | $0.23 | $0.37 | +60.9% | — | — | — |
| Q2 20 | $0.19 | $0.29 | +52.6% | — | — | — |
| Q1 20 | $0.18 | $0.2 | +11.1% | — | — | — |
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 | — | -$4.65 | — | — | $47.3M | — |
| FY24 | — | -$0.77 | — | — | $31.6M | — |
| FY23 | — | — | — | — | $19.3M | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY23 | FY24 | FY25 |
|---|---|---|---|
| Revenue | $19.3M | $31.6M | $47.3M |
| YoY change | — | +64.1% | +49.6% |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | Q1 24 | Q2 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $7.2M | $8.3M | $8.7M | $10.1M | $11M | $11.8M | $14.4M |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY23 | FY24 | FY25 |
|---|---|---|---|
| Revenue | 19.3M | 31.6M | 47.3M |
| Cost of revenue | 4M | 7.3M | 11.1M |
| Gross profit | 15.3M | 24.3M | 36.2M |
| Gross margin | 79.2% | 77% | 76.5% |
| Research & development | 3M | 4.5M | 7.7M |
| Selling, general & administrative | 23.1M | 34.5M | 54.8M |
| Operating expenses | 26.1M | 39M | 62.5M |
| Operating income | -10.9M | -14.7M | -26.3M |
| Operating margin | -56.4% | -46.3% | -55.6% |
| Non-operating income, net | -1M | 350K | -14M |
| Pretax income | -12.7M | -15.6M | -40.4M |
| Income tax | 0 | — | 0 |
| Net income | -12.7M | -15.6M | -40.4M |
| Net margin | -65.7% | -49.4% | -85.3% |
| EBITDA | -9.1M | -12.1M | -23.1M |
| EPS | — | -0.77 | -4.65 |
| Diluted EPS | — | -0.77 | -4.65 |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | Q1 24 | Q2 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 7.2M | 8.3M | 8.7M | 10.1M | 11M | 11.8M | 14.4M | 16.7M | 17.2M |
| Cost of revenue | 1.7M | 1.9M | 2M | 2.3M | 2.6M | 2.8M | 3.4M | 3.7M | 3.7M |
| Gross profit | 5.5M | 6.4M | 6.8M | 7.8M | 8.4M | 9M | 11.1M | 13M | 13.4M |
| Gross margin | 76.8% | 76.9% | 77.6% | 76.9% | 76.2% | 76.2% | 76.7% | 77.7% | 78.3% |
| Research & development | 1.1M | 1.2M | 1.2M | 1.6M | 1.4M | 1.5M | 3.2M | 3.8M | 3.4M |
| Selling, general & administrative | 7.7M | 9.2M | 9.1M | 10.5M | 12.8M | 15.1M | 16.3M | 18.2M | 20.1M |
| Operating expenses | 8.8M | 10.3M | 10.3M | 12.1M | 14.3M | 16.6M | 19.6M | 22M | 23.5M |
| Operating income | -3.3M | -4M | -3.5M | -4.3M | -5.9M | -7.6M | -8.5M | -9M | -10M |
| Operating margin | -45.3% | -48.2% | -40.5% | -42.4% | -53.2% | -65% | -59% | -53.7% | -58.4% |
| Non-operating income, net | -27K | 100K | 135K | -1K | -13.1M | -1M | 137K | 161K | -790K |
| Pretax income | -3.6M | -4.2M | -3.8M | -4.7M | -19.2M | -8.7M | -7.8M | -8.4M | -10.2M |
| Income tax | 0 | 0 | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income | -3.6M | -4.2M | -3.8M | -4.7M | -19.2M | -8.7M | -7.8M | -8.4M | -10.2M |
| Net margin | -50.1% | -50.5% | -43.5% | -46% | -174.3% | -74.3% | -53.9% | -50.1% | -59.1% |
| EBITDA | -2.8M | -3.4M | -2.8M | -3.6M | -6.5M | -5.6M | -7.4M | -7.8M | -8.3M |
| EPS | — | -0.21 | — | -0.23 | -0.95 | -0.64 | -0.38 | -0.41 | -0.49 |
| Diluted EPS | — | -0.21 | — | -0.23 | -0.95 | -0.64 | -0.38 | -0.41 | -0.49 |
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 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|
| Market cap | — | — | — | 350.4M |
| Enterprise value | — | — | — | 338.5M |
| Shares outstanding | — | 20.2M | 8.7M | 8.7M |
| Metric | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|
| P/E | — | — | — | -3.87 |
| P/S | — | — | — | 7.41 |
| P/B | — | — | — | 3 |
| EV/EBITDA | — | — | — | -14.6 |
| EV/Sales | — | — | — | 7.15 |
| Earnings yield | — | — | — | -25.8% |
| FCF yield | — | — | — | -11.5% |
| PEG | — | — | — | 0.08 |
| Metric | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|
| Gross margin | 79.2% | 77% | 76.5% | 78.3% |
| Operating margin | -56.4% | -46.3% | -55.6% | -85.1% |
| Net margin | -65.7% | -49.4% | -85.3% | 76.5% |
| ROE | 31.8% | 28.6% | -28.7% | -28.7% |
| ROA | -23.3% | -36.3% | -23.8% | -23.8% |
| ROIC | 18.7% | — | -83.6% | -87.5% |
| Return on tangible assets | -23.9% | -36.9% | -23.8% | -23% |
| Metric | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|
| Current ratio | 11.2 | 4.59 | 11.1 | 10.7 |
| Quick ratio | 8.85 | 2.77 | 9.55 | 8.92 |
| Debt / equity | -0.36 | -0.27 | 0.11 | 0 |
| Debt / assets | 0.27 | 0.34 | 0.09 | 0.1 |
| Net debt / EBITDA | 2.01 | 0.03 | 4.72 | 2.89 |
| Interest coverage | -15.6 | -10.9 | -575.6 | -575.6 |
| Effective tax rate | 0% | — | 0% | 0% |
| Metric | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|
| Revenue per share | — | 1.56 | 5.46 | 5.46 |
| EPS (basic) | — | -0.77 | -4.65 | -4.65 |
| EPS (diluted) | — | -0.77 | -4.65 | -4.65 |
| Book value per share | — | -2.7 | 16.2 | 6 |
| FCF per share | — | -0.9 | -4.15 | -2.27 |
| Cash per share | — | 0.74 | 14.3 | 4.77 |
| Capex per share | — | 0.2 | — | — |
| Metric | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|
| Capex / revenue | 14.3% | 12.7% | — | — |
| Capex / operating cash flow | -19.4% | -28.8% | — | — |
| $16.7M |
| $17.2M |
| YoY change | — | — | — | +41% | +33.3% | — | +65.2% | +64.9% | +56% |
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 | FY23 | FY24 | FY25 |
|---|---|---|---|
| Cash & short-term investments | 32.8M | 15M | 124.3M |
| Receivables | 4.7M | 5.1M | 8.3M |
| Inventory | 9.9M | 14M | 21.6M |
| Total current assets | 47.8M | 35.1M | 157.2M |
| Property, plant & equipment | 5.7M | 7.6M | 12.6M |
| Goodwill & intangibles | 1.4M | 800K | 200K |
| Total assets | 54.3M | 43.1M | 169.9M |
| Accounts payable | 2M | 4.9M | 8.9M |
| Short-term debt | 43K | 47K | 62K |
| Total current liabilities | 4.3M | 7.6M | 14.2M |
| Long-term debt | 14.4M | 14.7M | 15M |
| Total liabilities | 94M | 97.8M | 29.2M |
| Shareholders' equity | -39.7M | -54.7M | 140.8M |
| Total debt | 14.5M | 14.7M | 15M |
| Net debt | 8.2M | 8.6M | -11.8M |
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 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 15M | 27.6M | 39.6M | 137.3M | 124.3M | 108.5M | 99M |
| Receivables | 5.1M | 6.6M | 6.9M | 7.1M | 8.3M | 10.5M | 10.9M |
| Inventory | 14M | 13.1M | 17.1M | 19.4M | 21.6M | 21.8M | 22.9M |
| Total current assets | 35.1M | 49.6M | 68.9M | 166.6M | 157.2M | 145.8M | 137.4M |
| Property, plant & equipment | 7.6M | 7.6M | 8.7M | 11M | 12.6M | 14.6M | 14.6M |
| Goodwill & intangibles | 800K | 325K | 250K | 175K | 200K | 25K | 0 |
| Total assets | 43.1M | 57.5M | 77.8M | 177.8M | 169.9M | 160.4M | 152M |
| Accounts payable | 4.9M | 2.5M | 6M | 8.9M | 8.9M | 5.9M | 5.9M |
| Short-term debt | 47K | 48K | 82K | 70K | 62K | 50K | 37K |
| Total current liabilities | 7.6M | 7M | 12.5M | 15M | 14.2M | 12.3M | 12.8M |
| Long-term debt | 14.7M | 14.7M | 14.8M | 14.8M | 15M | 15M | 14.8M |
| Total liabilities | 97.8M | 116.8M | 156M | 29.9M | 29.2M | 27.3M | 27.7M |
| Shareholders' equity | -54.7M | -59.3M | -78.2M | 147.8M | 140.8M | 133M | 124.3M |
| Total debt | 14.7M | 14.8M | 14.9M | 14.9M | 15M | 15M | 14.8M |
| Net debt | 8.6M | 8.4M | -12.2M | -40M | -11.8M | 3.5M | -9.6M |
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 | FY23 | FY24 | FY25 |
|---|---|---|---|
| Net income | -12.7M | -15.6M | -40.4M |
| Depreciation & amortization | 1.6M | 2.2M | 3.2M |
| Stock-based compensation | 451K | 754K | 996K |
| Change in working capital | -4.5M | -1M | -5.7M |
| Operating cash flow | -14.2M | -14M | -28.6M |
| Capital expenditure | -2.7M | -4M | — |
| Investing cash flow | -29M | 14M | -88.2M |
| Dividends paid | — | — | — |
| Share repurchases | — | — | — |
| Financing cash flow | 44.7M | 0 | 143.6M |
| Net change in cash | 1.6M | 6K | 26.8M |
| Free cash flow | -15.9M | -18.2M | -36M |
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 | Q1 24 | Q2 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|
| Net income | -3.6M | -4.2M | -3.8M | -4.7M | -19.2M | -8.7M | -7.8M | -8.4M | -10.2M |
| Depreciation & amortization | 498K | 515K | 619K | 668K | 717K | 843K | 980K | 1.1M | 1.1M |
| Stock-based compensation | 168K | 170K | 179K | 127K | 190K | 298K | 381K | 726K | 1.1M |
| Change in working capital | -779K | 76K | -117K | -2M | -1.2M | -941K | -2.7M | -5.7M | -562K |
| Operating cash flow | -3.6M | -3.2M | -3.7M | -5.8M | -4.8M | -8.6M | -8.8M | -12.4M | -7.4M |
| Capital expenditure | -1.3M | -778K | -1M | -843K | — | — | — | — | — |
| Investing cash flow | -1M | 6.4M | 3.6M | -13.1M | 8.7M | -69.6M | -15M | -387K | 22.6M |
| Dividends paid | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 0 | 0 | 0 | 19.6M | 19.9M | 106.3M | 37.6M | 0 | 0 |
| Net change in cash | -4.6M | 3.2M | -80K | 797K | 23.8M | 28.1M | 13.9M | -12.7M | 15.2M |
| Free cash flow | -4.8M | -3.3M | -4.3M | -7.3M | -6.3M | -11.4M | -11.1M | -15.1M | -9.5M |