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 | -$0.58 | -$0.69 | -19.0% | — | — | — |
| Q1 26 | -$1.03 | -$1.16 | -12.6% | — | $29.1M | — |
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 | — | -$4.51 | — | — | $104.5M | — |
| FY24 | — | -$2.7 | — | — | $92.9M | — |
| FY23 | — | -$4.85 | — | — | $152.1M | — |
| FY22 | — | -$21.4 | — | — | $269.7M | — |
| FY21 | — | -$9.4 | — | — | $380.2M | — |
| FY20 | — | -$8.4 | — | — | $229M | — |
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 | $229M | $380.2M | $269.7M | $152.1M | $92.9M | $104.5M |
| YoY change | — | +66% | -29.1% | -43.6% | -38.9% | +12.5% |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 |
|---|---|---|---|---|---|---|
| Revenue | $17.8M |
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 | 229M | 380.2M | 269.7M | 152.1M | 92.9M | 104.5M |
| Cost of revenue | 12.3M | 25.2M | 30.7M | 15.4M | 13.4M | 13.1M |
| Gross profit | 216.8M | 354.9M | 239M | 136.7M | 79.5M | 91.4M |
| Gross margin | 94.6% | 93.4% | 88.6% | 89.9% | 85.6% | 87.5% |
| Research & development | 23.2M | 46.2M | 52.3M | 28.1M | 16.7M | 20.6M |
| Selling, general & administrative | 296.7M | 602.5M | 440M | 219.5M | 155.2M | 142.2M |
| Operating expenses | 320M | 648.7M | 492.3M | 247.7M | 172M | 162.9M |
| Operating income | -103.2M | -293.8M | -253.3M | -111M | -92.5M | -71.4M |
| Operating margin | -45.1% | -77.3% | -93.9% | -73% | -99.6% | -68.3% |
| Non-operating income, net | -44.4M | 88M | -159.4M | 12.7M | 45.5M | 6.9M |
| Pretax income | -149M | -207.1M | -439.2M | -101.1M | -46.7M | -70.3M |
| Income tax | 115K | -19.1M | -345K | 239K | 66K | 108K |
| Net income | -149.1M | -187.9M | -438.9M | -101.4M | -46.8M | -70.4M |
| Net margin | -65.1% | -49.4% | -162.7% | -66.6% | -50.4% | -67.4% |
| EBITDA | -123M | -282.1M | -235.3M | -108.5M | -91.4M | -61.2M |
| EPS | -8.4 | -9.4 | -21.4 | -4.85 | -2.7 | -4.51 |
| Diluted EPS | -8.4 | -13.8 | -21.4 | -4.85 | -2.7 | -4.51 |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 |
|---|---|---|---|---|---|---|
| Revenue | 17.8M | 21.9M | 25.2M | 27.4M | 30M | 29.1M |
| Cost of revenue | 3.2M | 3M | 3.2M | 3.4M | 3.5M | 3.6M |
| Gross profit | 14.5M | 18.9M | 22M | 24M | 26.5M | 25.5M |
| Gross margin | 81.8% | 86.5% | 87.2% | 87.7% | 88.3% | 87.6% |
| Research & development | 3.1M | 4.8M | 4.8M | 5.4M | 5.5M | 5.1M |
| Selling, general & administrative | 35.7M | 37.1M | 33.1M | 34.8M | 37.2M | 36.7M |
| Operating expenses | 38.8M | 41.9M | 38M | 40.3M | 42.7M | 41.8M |
| Operating income | -24.2M | -23M | -16M | -16.3M | -16.2M | -16.3M |
| Operating margin | -136.4% | -104.9% | -63.4% | -59.4% | -53.9% | -55.8% |
| Non-operating income, net | -452K | 6.9M | -637K | 430K | 199K | 7.7M |
| Pretax income | -25.1M | -17.1M | -17.9M | -17.4M | -17.9M | -10.9M |
| Income tax | -76K | 39K | -19K | 40K | 49K | 74K |
| Net income | -25M | -17.1M | -17.9M | -17.4M | -17.9M | -10.9M |
| Net margin | -140.7% | -78.3% | -71.1% | -63.7% | -59.7% | -37.6% |
| EBITDA | -36.2M | -20.6M | -13.9M | -13.4M | -13.2M | -13.8M |
| EPS | -1.5 | -0.92 | -0.58 | -1.14 | -1.07 | -0.69 |
| Diluted EPS | -1.5 | -0.92 | -0.58 | -1.14 | -1.07 | -0.69 |
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 | — | — | — | — | — | — | 129.5M |
| Enterprise value | — | — | — | — | — | — | 76.2M |
| Shares outstanding | 14.7M | 19.2M | 20.5M | 20.9M | 17.8M | 15.6M | 15.6M |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | -1.84 |
| P/S | — | — | — | — | — | — | 1.24 |
| P/B | — | — | — | — | — | — | 1.35 |
| EV/EBITDA | — | — | — | — | — | — | -1.21 |
| EV/Sales | — | — | — | — | — | — | 0.68 |
| Earnings yield | — | — | — | — | — | — | -54.3% |
| FCF yield | — | — | — | — | — | — | -27.2% |
| PEG | — | — | — | — | — | — | 0.07 |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Gross margin | 94.6% | 93.4% | 88.6% | 89.9% | 85.6% | 87.5% | 87.6% |
| Operating margin | -45.1% | -77.3% | -93.9% | -73% | -99.6% | -68.3% | -55.8% |
| Net margin | -65.1% | -49.4% | -162.7% | -66.6% | -50.4% | -67.4% | -57.5% |
| ROE | -262.5% | -30.8% | -157.6% | -48.2% | -27% | -63% | -49.6% |
| ROA | -52.8% | -18.4% | -70.6% | -25.6% | -12.5% | -24% | -12.5% |
| ROIC | 50.1% | -85% | -329% | -245.7% | -242.7% | -155.2% | -141% |
| Return on tangible assets | -52.8% | -27.2% | -70.6% | -25.6% | -12.5% | -24% | -22.3% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Current ratio | 5.77 | 5.91 | 10.1 | 6.51 | 4.6 | 1.2 | 1.13 |
| Quick ratio | 5.77 | 5.91 | 10.1 | 6.51 | 4.6 | 1.2 | 1.13 |
| Debt / equity | 0 | 0.49 | 1.04 | 0.65 | 0.79 | 1.15 | 1.26 |
| Debt / assets | 0 | 0.29 | 0.46 | 0.35 | 0.37 | 0.44 | 0.45 |
| Net debt / EBITDA | 2.14 | 0.93 | 0.86 | 1.52 | 1.48 | 1.08 | 1.04 |
| Interest coverage | -111.4 | -168.4 | -15.5 | -34.5 | -157.8 | -3.61 | -3.19 |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Revenue per share | 15.6 | 19.8 | 13.2 | 7.28 | 5.2 | 6.7 | 7.21 |
| EPS (basic) | -8.4 | -9.4 | -21.4 | -4.85 | -2.7 | -4.51 | -4.51 |
| EPS (diluted) | -8.4 | -13.8 | -21.4 | -4.85 | -2.7 | -4.51 | -4.15 |
| Book value per share | 3.86 | 31.7 | 13.6 | 10.1 | 9.7 | 7.17 | 6.55 |
| FCF per share | -4.04 | -9.54 | -8.85 | -4.07 | -0.54 | -4.81 | -4.43 |
| Cash per share | 17.8 | 29.1 | 23.9 | 14.5 | 15.2 | 12.5 | 11.9 |
| Capex per share | 0.22 | 0.17 | 0.09 | 0.63 | 0.04 | 0.3 | 0.3 |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Capex / revenue | 1.42% | 0.85% | 0.7% | 8.7% | 0.72% | 4.53% | 4.3% |
| Capex / operating cash flow | -2.89% | -2.55% | -0.59% | -24.3% | -11.4% | -6.87% | -7.42% |
| Payout ratio | — | — | — | — | — | — | 0% |
| $21.9M |
| $25.2M |
| $27.4M |
| $30M |
| $29.1M |
| YoY change | — | — | — | — | +68.9% | +32.9% |
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 | 262.7M | 560.4M | 489.8M | 302M | 271.9M | 194.5M |
| Receivables | 0 | 12.8M | 7.2M | 5.9M | 4.9M | 14.4M |
| Inventory | — | — | — | — | — | — |
| Total current assets | 273.2M | 589.9M | 501.7M | 324.7M | 303.2M | 216.5M |
| Property, plant & equipment | 5.3M | 24.5M | 3.5M | 4M | 4M | 9M |
| Goodwill & intangibles | 0 | 330M | 0 | — | — | — |
| Total assets | 282.4M | 1B | 621.3M | 395.8M | 374.3M | 293.5M |
| Accounts payable | 22M | 19.8M | 1.7M | 1.7M | 9.8M | 9.7M |
| Short-term debt | — | 4.6M | 3.7M | 2.2M | 2M | 128.1M |
| Total current liabilities | 47.4M | 99.8M | 49.5M | 49.9M | 65.9M | 180.7M |
| Long-term debt | 0 | 292.5M | 284.7M | 134.5M | 135M | 665K |
| Total liabilities | 225.6M | 412M | 342.9M | 185.3M | 201.2M | 181.6M |
| Shareholders' equity | 56.8M | 609.2M | 278.4M | 210.5M | 173M | 111.8M |
| Total debt | 0 | 297M | 288.4M | 136.7M | 137M | 128.7M |
| Net debt | -262.7M | 55.7M | -74.1M | -165.3M | -134.9M | -65.8M |
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 |
|---|---|---|---|---|---|---|
| Cash & short-term investments | 271.9M | 254.3M | 228.7M | 211.8M | 194.5M | 185.4M |
| Receivables | 4.9M | 8.1M | 9M | 14.3M | 14.4M | 16.1M |
| Inventory | — | — | — | — | — | — |
| Total current assets | 303.2M | 287.5M | 254.2M | 233.1M | 216.5M | 209.1M |
| Property, plant & equipment | 4M | 5.1M | 6.6M | 8.7M | 9M | 9.1M |
| Goodwill & intangibles | — | — | — | — | — | — |
| Total assets | 374.3M | 359.9M | 328.2M | 309.2M | 293.5M | 287.3M |
| Accounts payable | 9.8M | 9.4M | 8.6M | 8M | 9.7M | 8.6M |
| Short-term debt | 2M | 1.9M | 265K | 474K | 128.1M | 128.5M |
| Total current liabilities | 65.9M | 67.7M | 60.9M | 53.9M | 180.7M | 184.3M |
| Long-term debt | 135M | 135M | 126.6M | 127.8M | 665K | 547K |
| Total liabilities | 201.2M | 203.1M | 187.9M | 182.1M | 181.6M | 185.1M |
| Shareholders' equity | 173M | 156.8M | 140.3M | 127.2M | 111.8M | 102.2M |
| Total debt | 137M | 136.9M | 126.9M | 128.3M | 128.7M | 129.1M |
| Net debt | -134.9M | -117.4M | -101.8M | -83.5M | -65.8M | -56.3M |
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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Net income | -149.1M | -187.9M | -438.9M | -101.4M | -46.8M | -70.4M |
| Depreciation & amortization | 1.6M | 11.7M | 17.9M | 2M | 1.7M | 1.4M |
| Stock-based compensation | 23.8M | 60.3M | 108.2M | 43.7M | 30M | 19.6M |
| Change in working capital | 10.7M | 8.4M | -11.6M | -887K | 7.6M | -19.5M |
| Operating cash flow | -112.4M | -126.8M | -321.4M | -54.4M | -5.8M | -68.9M |
| Capital expenditure | -3.2M | -3.2M | -1.9M | -13.2M | -668K | -4.7M |
| Investing cash flow | -3.2M | -643.9M | 311.4M | 168.3M | 464K | -4.7M |
| Dividends paid | — | — | — | — | — | — |
| Share repurchases | -2.5M | 0 | 0 | -13M | -19.3M | -9.3M |
| Financing cash flow | 295M | 668.2M | -11.9M | -150M | -20.2M | -9.7M |
| Net change in cash | 179.3M | -102.5M | -21.9M | -36M | -25.6M | -83.4M |
| Free cash flow | -59.5M | -183.4M | -181.5M | -85M | -9.6M | -75.1M |
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 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 |
|---|---|---|---|---|---|---|
| Net income | -25M | -17.1M | -17.9M | -17.4M | -17.9M | -10.9M |
| Depreciation & amortization | 477K | 167K | 194K | 224K | 796K | 716K |
| Stock-based compensation | 7.1M | 5.5M | 4.4M | 4.3M | 5.4M | 2.8M |
| Change in working capital | 993K | -4M | -11.8M | -5.9M | 2.3M | -2.8M |
| Operating cash flow | -16M | -14.9M | -20.8M | -24.5M | -12.7M | -6.7M |
| Capital expenditure | 649K | -1.2M | -1.1M | -1M | -2.1M | -602K |
| Investing cash flow | 649K | -1.2M | -1.1M | -1M | -2.1M | -602K |
| Dividends paid | — | — | — | — | — | — |
| Share repurchases | -8.4M | -4.7M | -3M | -15K | -1.5M | 0 |
| Financing cash flow | -8.6M | -4.9M | -3.2M | -70K | -1.6M | -485K |
| Net change in cash | -23.9M | -21.1M | -25M | -25.6M | -16.4M | -7.8M |
| Free cash flow | -20.7M | -12.7M | -22.5M | -25.8M | -14.1M | -7.7M |