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 | $0.03 | $0.06 | +100.0% | — | $77.2M | — |
| Q1 26 | $0.02 | $0.01 | -50.0% | — | $73.9M | — |
| Q4 25 | $0.03 | $0.03 | 0.0% | — | $72.8M | — |
| Q3 25 | $0.02 | $0.05 | +150.0% | — | $71.8M | — |
| Q2 25 | -$0.01 | $0.01 | +200.0% | — | $71M | — |
| Q1 25 | -$0.01 | -$0.02 | -100.0% | — | $67.1M | — |
| Q4 24 | $0.03 | $0.01 | -66.7% | — | $65.6M | — |
| Q3 24 | $0.04 | $0.05 | +25.0% | — | $64.7M | — |
| Q2 24 | $0.02 | $0.07 | +250.0% | — | $60.6M | — |
| Q1 24 | $0.02 | $0.03 | +50.0% | — | $59M | — |
| Q4 23 | $0.02 | $0.03 | +50.0% | — | $56.8M | — |
| Q3 23 | -$0.03 | $0.01 | +133.3% | — | $54.8M | — |
| Q2 23 | -$0.07 | -$0.04 | +42.9% | — | $53.7M | — |
| Q1 23 | -$0.16 | -$0.09 | +43.8% | — | $52.8M | — |
| Q4 22 | -$0.2 | -$0.15 | +25.0% | — | $51.3M | — |
| Q3 22 | -$0.27 | -$0.18 | +33.3% | — | $50M | — |
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 | — | -$0.39 | — | — | $282.6M | — |
| FY24 | — | -$0.14 | — | — | $249.9M | — |
| FY23 | — | -$0.38 | — | — | $218M | — |
| FY22 | — | -$1.1 | — | — | $193.2M | — |
| FY21 | — | -$1.3 |
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 | $70.6M | $93.5M | $137.7M | $193.2M | $218M | $249.9M | $282.6M |
| YoY change | — | +32.4% | +47.3% | +40.4% | +12.8% | +14.6% | +13.1% |
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 | 70.6M | 93.5M | 137.7M | 193.2M | 218M | 249.9M | 282.6M |
| Cost of revenue | 20.5M | 21.4M | 31.8M | 53.3M | 47.1M | 54.8M | 57.8M |
| Gross profit | 50.1M | 72.1M | 105.9M | 140M | 170.9M | 195.1M | 224.8M |
| Gross margin | 70.9% | 77.1% | 76.9% | 72.4% | 78.4% | 78.1% | 79.5% |
| Research & development | 16.2M | 22.1M | 44.4M | 59.9M | 56.2M | 55.6M | 72.6M |
| Selling, general & administrative | 50M | 69.7M | 127.6M | 167.9M | 143.6M | 149.2M | 175.8M |
| Operating expenses | 66.2M | 91.7M | 172M | 227.8M | 199.7M | 204.8M | 248.4M |
| Operating income | -16.1M | -19.7M | -66.1M | -87.9M | -28.8M | -9.7M | -23.6M |
| Operating margin | -22.8% | -21% | -48% | -45.5% | -13.2% | -3.87% | -8.34% |
| Non-operating income, net | — | — | — | 290K | — | — | — |
| Pretax income | -17.2M | -21.4M | -68M | -83.1M | -27.9M | -9.5M | -28.8M |
| Income tax | 458K | 640K | 981K | 516K | 1.5M | 1.9M | 4.2M |
| Net income | -17.7M | -22M | -69M | -83.7M | -29.4M | -11.5M | -32.9M |
| Net margin | -25.1% | -23.5% | -50.1% | -43.3% | -13.5% | -4.58% | -11.7% |
| EBITDA | -14.3M | -17.7M | -62.9M | -77.3M | -18.5M | 864K | -14.6M |
| EPS | -0.27 | -0.35 | -1.3 | -1.1 | -0.38 | -0.14 | -0.39 |
| Diluted EPS | -0.27 | -0.35 | -1.3 | -1.1 | -0.38 | -0.14 | -0.39 |
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 | 54.8M | 56.8M | 59M | 60.6M | 64.7M | 65.6M | 67.1M | 71M | 71.8M | 72.8M | 73.9M | 77.2M |
| Cost of revenue | 10.6M | 11.9M | 12.7M | 12.5M | 14.2M | 15.3M | 14M | 14.3M | 14.6M | 15M | 15.2M | 14.9M |
| Gross profit | 44.3M | 44.9M | 46.3M | 48.1M | 50.5M | 50.3M | 53.1M | 56.7M | 57.2M | 57.8M | 58.7M | 62.3M |
| Gross margin | 80.7% | 79.1% | 78.5% | 79.3% | 78% | 76.6% | 79.2% | 79.9% | 79.7% | 79.4% | 79.4% | 80.7% |
| Research & development | 14.2M | 13.7M | 13.5M | 12.2M | 14.5M | 15.4M | 18M | 18.3M | 18.5M | 17.8M | 19.3M | 18.2M |
| Selling, general & administrative | 34.9M | 32.3M | 35.4M | 36.8M | 38.5M | 38.5M | 44.4M | 45.3M | 41.4M | 44.7M | 43.8M | 43.3M |
| Operating expenses | 49.1M | 46M | 49M | 49M | 52.9M | 53.8M | 62.4M | 63.6M | 59.9M | 62.5M | 63.1M | 61.6M |
| Operating income | -4.9M | -1.1M | -2.7M | -953K | -2.5M | -3.6M | -9.3M | -6.9M | -2.7M | -4.7M | -4.4M | 744K |
| Operating margin | -8.91% | -1.91% | -4.55% | -1.57% | -3.81% | -5.43% | -13.8% | -9.7% | -3.75% | -6.46% | -5.98% | 0.96% |
| Non-operating income, net | — | — | — | — | — | — | — | — | — | — | — | — |
| Pretax income | -3.8M | -3.2M | -2.2M | -130K | -2.5M | -4.7M | -8.3M | -10.5M | -3.6M | -6.3M | -5M | -2.5M |
| Income tax | 1M | 238K | 504K | 608K | 56K | 759K | 975K | 1.3M | 704K | 1.2M | 1.3M | 1.1M |
| Net income | -4.8M | -3.4M | -2.7M | -738K | -2.6M | -5.4M | -9.3M | -11.8M | -4.3M | -7.5M | -6.4M | -3.6M |
| Net margin | -8.82% | -6% | -4.63% | -1.22% | -3.97% | -8.26% | -13.8% | -16.7% | -6.03% | -10.3% | -8.61% | -4.65% |
| EBITDA | -2.3M | 1.5M | -164K | 1.7M | 406K | -1M | -7.2M | -4.5M | -465K | -2.4M | -2.3M | 2.9M |
| EPS | -0.06 | -0.04 | -0.03 | -0.01 | -0.03 | -0.07 | -0.11 | -0.14 | -0.05 | -0.09 | -0.07 | -0.04 |
| Diluted EPS | -0.06 | -0.04 | -0.03 | -0.01 | -0.03 | -0.07 | -0.11 | -0.14 | -0.05 | -0.09 | -0.07 | -0.04 |
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 | — | — | — | — | 414.4M | 1.1B | 635.3M | 669.8M |
| Enterprise value | — | — | — | — | 410.1M | 1.1B | 606.2M | 641.6M |
| Shares outstanding | 66.1M | 66.1M | 53.2M | 75.7M | 77.8M | 80.8M | 84.8M | 84.8M |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | -19.5 |
| P/S | — | — | — | — | 1.9 | 4.58 | 2.25 | 2.27 |
| P/B | — | — | — | — | 26.7 | 41.6 | 27.2 | 31.9 |
| EV/EBITDA | — | — | — | — | -22.1 | 1.3K | -41.6 | -104.4 |
| EV/Sales | — | — | — | — | 1.88 | 4.49 | 2.14 | 2.17 |
| Earnings yield | — | — | — | — | — | — | — | -5.13% |
| FCF yield | — | — | — | — | -1.31% | 2.4% | 2.04% | 4.34% |
| PEG | — | — | — | — | — | — | — | 0.27 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Gross margin | 70.9% | 77.1% | 76.9% | 72.4% | 78.4% | 78.1% | 79.5% | 80.7% |
| Operating margin | -22.8% | -21% | -48% | -45.5% | -13.2% | -3.87% | -8.34% | 1.43% |
| Net margin | -25.1% | -23.5% | -50.1% | -43.3% | -13.5% | -4.58% | -11.7% | -7.37% |
| ROE | 53.3% | 237.8% | -81.2% | -381.1% | -188.9% | -41.6% | -141.2% | -94% |
| ROA | -38.5% | -21.2% | -30.4% | -34% | -12.3% | -4.72% | -12.6% | -3.15% |
| ROIC | 67.6% | 54.1% | 150.4% | -479.9% | -256.3% | -286.7% | 406.3% | 204.4% |
| Return on tangible assets | -44% | -22.5% | -38.1% | -41.6% | -14.4% | -6.32% | -19.4% | -9.6% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Current ratio | 0.44 | 0.81 | 1.4 | 0.79 | 0.79 | 0.8 | 0.76 | 0.76 |
| Quick ratio | 0.44 | 0.81 | 1.4 | 0.79 | 0.79 | 0.8 | 0.76 | 0.76 |
| Debt / equity | -0.51 | -2.9 | 0 | 3.38 | 4.34 | 1.44 | 1.86 | 2.01 |
| Debt / assets | 0.37 | 0.26 | 0 | 0.3 | 0.28 | 0.16 | 0.17 | 0.16 |
| Net debt / EBITDA | -0.65 | 1.53 | 2.05 | 0.05 | 0.23 | -27.9 | 2 | 12.3 |
| Interest coverage | -14.2 | -11.7 | -35 | — | — | — | — | — |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Revenue per share | 1.07 | 1.41 | 2.59 | 2.55 | 2.8 | 3.09 | 3.33 | 3.4 |
| EPS (basic) | -0.27 | -0.35 | -1.3 | -1.1 | -0.38 | -0.14 | -0.39 | -0.39 |
| EPS (diluted) | -0.27 | -0.35 | -1.3 | -1.1 | -0.38 | -0.14 | -0.39 | -0.25 |
| Book value per share | -0.5 | -0.14 | 1.6 | 0.29 | 0.2 | 0.34 | 0.28 | 0.24 |
| FCF per share | -0.17 | -0.07 | -0.58 | -1.02 | -0.07 | 0.34 | 0.15 | 0.16 |
| Cash per share | 0.11 | 0.82 | 2.42 | 1.03 | 0.92 | 0.79 | 0.85 | 0.84 |
| Capex per share | 0 | 0.01 | 0.04 | 0.37 | 0.02 | 0.02 | 0 | 0.01 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Capex / revenue | 0.4% | 0.8% | 1.68% | 14.6% | 0.72% | 0.57% | 0.06% | 0.17% |
| Capex / operating cash flow | -3.07% | -18.4% | -8.37% | -61.6% | -52.2% | 4.75% | 1.11% | 3.09% |
| Payout ratio | — | — | — | — | — | — | — | 0% |
| — |
| — |
| $137.7M |
| — |
| FY20 | — | -$0.35 | — | — | $93.5M | — |
| FY19 | — | -$0.27 | — | — | $70.6M | — |
| Q1 24 |
|---|
| Q2 24 |
|---|
| Q3 24 |
|---|
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $54.8M | $56.8M | $59M | $60.6M | $64.7M | $65.6M | $67.1M | $71M | $71.8M | $72.8M | $73.9M | $77.2M |
| YoY change | +9.62% | +10.5% | +11.8% | +13% | +18% | +15.6% | +13.7% | +17% | +10.9% | +10.9% | +10.1% | +8.76% |
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 | 7.5M | 53.9M | 128.9M | 77.8M | 71.7M | 63.9M | 72.4M |
| Receivables | 18.6M | 25.3M | 31M | 38.1M | 47.9M | 51M | 54.1M |
| Inventory | — | — | — | — | — | — | — |
| Total current assets | 33M | 88.2M | 187.7M | 142.2M | 146.4M | 141.4M | 150.3M |
| Property, plant & equipment | 6.9M | 6.1M | 6.4M | 72.6M | 64.6M | 60.3M | 56.5M |
| Goodwill & intangibles | 5.7M | 5.7M | 45.9M | 44.9M | 35.3M | 61.7M | 91.2M |
| Total assets | 46M | 103.6M | 227M | 246M | 239M | 242.9M | 261.1M |
| Accounts payable | 3.1M | 4.3M | 11.3M | 7.1M | 8.4M | 12.4M | 13.9M |
| Short-term debt | 16.9M | 26.9M | — | 34.1M | 32.1M | 6.9M | 8.8M |
| Total current liabilities | 75.5M | 108.4M | 134.1M | 180.9M | 184.2M | 177.2M | 196.6M |
| Long-term debt | — | — | 0 | 40.1M | 35.3M | 32.8M | 34.5M |
| Total liabilities | 79.2M | 112.9M | 142.1M | 224.1M | 223.5M | 215.4M | 237.8M |
| Shareholders' equity | -33.2M | -9.3M | 84.9M | 22M | 15.5M | 27.5M | 23.3M |
| Total debt | 16.9M | 26.9M | 0 | 74.2M | 67.4M | 39.7M | 43.3M |
| Net debt | 9.8M | 2.9M | -128.9M | -3.6M | -4.3M | -24.1M | -29.1M |
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 | 67.4M | 71.7M | 54.9M | 61.8M | 60.1M | 63.9M | 59.6M | 59.3M | 65.5M | 72.4M | 65.3M | 73.9M |
| Receivables | 34.7M | 47.9M | 41.3M | 38.6M | 35.5M | 51M | 40M | 42.9M | 41.8M | 54.1M | 48.6M | 60.2M |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 127.7M | 146.4M | 123.8M | 129.4M | 122.3M | 141.4M | 126.9M | 131.6M | 136.1M | 150.3M | 138.6M | 161.1M |
| Property, plant & equipment | 66M | 64.6M | 64.4M | 63M | 62.4M | 60.3M | 60.3M | 57.5M | 57.4M | 56.5M | 53.9M | 55.8M |
| Goodwill & intangibles | 37.6M | 35.3M | 21.2M | 20M | 32.4M | 61.7M | 40.8M | 47.3M | 46.5M | 91.2M | 111.6M | 55.2M |
| Total assets | 218.4M | 239M | 219.4M | 222.3M | 226.4M | 242.9M | 237.7M | 245.4M | 248.3M | 261.1M | 257.1M | 282.1M |
| Accounts payable | 11.4M | 8.4M | 6M | 5M | 11M | 12.4M | 9.6M | 9.4M | 14.7M | 13.9M | 12.3M | 6.9M |
| Short-term debt | 31.8M | 32.1M | 6.4M | 6.8M | 8.5M | 6.9M | 8M | 7.9M | 8.2M | 8.8M | 6.4M | 9.3M |
| Total current liabilities | 170M | 184.2M | 161.6M | 161.4M | 162.6M | 177.2M | 174.8M | 180.4M | 181.7M | 196.6M | 193.2M | 213M |
| Long-term debt | 33.9M | 35.3M | 34.6M | 32.9M | 32.5M | 32.8M | 31.9M | 32.9M | 33.9M | 34.5M | 33M | 36.4M |
| Total liabilities | 206.2M | 223.5M | 200.3M | 198.8M | 200.2M | 215.4M | 213.7M | 221.8M | 223.3M | 237.8M | 236.3M | 259.3M |
| Shareholders' equity | 12.2M | 15.5M | 19.1M | 23.4M | 26.2M | 27.5M | 24M | 23.6M | 25M | 23.3M | 20.8M | 22.8M |
| Total debt | 65.7M | 67.4M | 41M | 39.7M | 41.1M | 39.7M | 40M | 40.9M | 42M | 43.3M | 39.4M | 45.7M |
| Net debt | -1.7M | -4.3M | -13.9M | -22.1M | -19.1M | -24.1M | -19.6M | -18.5M | -23.4M | -29.1M | -25.9M | -28.2M |
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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Net income | -17.7M | -22M | -69M | -83.7M | -29.4M | -11.5M | -32.9M |
| Depreciation & amortization | 1.8M | 2M | 3.2M | 10.6M | 10.3M | 10.5M | 9M |
| Stock-based compensation | 2M | 4.8M | 11.2M | 17M | 18.1M | 17.6M | 21.2M |
| Change in working capital | 4.7M | 11.4M | 27M | 9.1M | -3.6M | 12.9M | 18.4M |
| Operating cash flow | -9.3M | -4.1M | -27.6M | -45.9M | -3M | 30.1M | 14.6M |
| Capital expenditure | -284K | -748K | -2.3M | -28.3M | -1.6M | -1.4M | -163K |
| Investing cash flow | 422K | -820K | 8.2M | -30.1M | -1.8M | -17.4M | -11.7M |
| Dividends paid | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — |
| Financing cash flow | 9.8M | 49.8M | 67.1M | 25M | -2.4M | -25M | 0 |
| Net change in cash | 965K | 44.9M | 47.7M | -51M | -7.1M | -12.3M | 2.9M |
| Free cash flow | -11.5M | -4.9M | -30.7M | -77.2M | -5.4M | 27.4M | 13M |
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 | -4.8M | -3.4M | -2.7M | -738K | -2.6M | -5.4M | -9.3M | -11.8M | -4.3M | -7.5M | -6.4M | -3.6M |
| Depreciation & amortization | 2.6M | 2.6M | 2.5M | 2.6M | 2.9M | 2.5M | 2.1M | 2.3M | 2.2M | 2.3M | 2.1M | 2.1M |
| Stock-based compensation | 4.6M | 4.4M | 4.1M | 4.5M | 4.5M | 4.5M | 5.8M | 6.1M | 4.3M | 5M | 4.7M | 4.5M |
| Change in working capital | -8M | 312K | 5.9M | 749K | 5.2M | 1M | 6.4M | 7.3M | 2.4M | 2.2M | -478K | 5.7M |
| Operating cash flow | -4.8M | 3.8M | 10M | 7.3M | 9.4M | 3.4M | 4.9M | 2.9M | 3.5M | 3.4M | 244K | 9M |
| Capital expenditure | -62K | -182K | -364K | -540K | -290K | -232K | -501K | 0 | 0 | -163K | -237K | -99K |
| Investing cash flow | -107K | -256K | -4.3M | -685K | -12M | -342K | -9.9M | -6.5M | -255K | 4.5M | -6.8M | -172K |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 0 | 0 | -50M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — | — |
| Net change in cash | -4.9M | 3.6M | -44.3M | 6.6M | -2.7M | 3M | -5M | -3.7M | 3.2M | 7.9M | -6.6M | 8.8M |
| Free cash flow | -4.9M | 3.5M | 9.7M | 6.3M | 8.7M | 2.7M | 4.4M | 2.7M | 3M | 3M | -308K | 8.4M |