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 | -$0.26 | -$0.31 | -19.2% | — | $18M | — |
| Q1 26 | -$0.39 | -$0.37 | +5.1% | — | $15.8M | — |
| Q4 25 | -$0.5 | -$0.39 | +22.0% | — | $15.8M | — |
| Q3 25 | -$0.45 | -$0.48 | -6.7% | — | $12.7M | — |
| Q2 25 | -$0.67 | -$0.63 | +6.0% | — | — | — |
| Q1 25 | -$0.93 | -$0.83 | +10.8% | — | $23.9M | — |
| Q1 24 | -$0.43 | -$0.53 | -23.3% | — | $34.8M | — |
| Q4 23 | -$0.72 | -$0.58 | +19.4% | — | $27.7M | — |
| Q3 23 | -$0.62 | -$0.51 | +17.7% | — | $27.3M | — |
| Q2 23 | -$0.1 | -$0.07 | +30.0% | — | $26.5M | — |
| Q1 23 | -$0.12 | -$0.1 | +16.7% | — | $24.2M | — |
| Q4 22 | -$0.09 | -$0.1 | -11.1% | — | $22.4M | — |
| Q3 22 | -$0.1 | -$0.12 | -20.0% | — | $20.4M | — |
| Q2 22 | -$0.12 | -$0.09 | +25.0% | — | $19.4M | — |
| Q1 22 | -$0.13 | -$0.12 | +7.7% | — | $18.1M | — |
| Q4 21 | -$0.13 | -$0.11 | +15.4% | — | $15M | — |
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 | — | $1.66 | — | — | $71.6M | — |
| FY24 | — | -$4.28 | — | — | $110.5M | — |
| FY23 | — | -$3.27 | — | — | $105.7M | — |
| FY22 | — | -$40.9 | — | — | $80.3M | — |
| FY21 | — | -$4.88 |
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 | $28.5M | $43.4M | $80.3M | $105.7M | $110.5M | $71.6M |
| YoY change | — | +52.2% | +85.1% | +31.7% | +4.49% | -35.2% |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | Q2 23 | Q3 23 | Q4 23 | Q1 24 | Q2 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 | 28.5M | 43.4M | 80.3M | 105.7M | 110.5M | 71.6M |
| Cost of revenue | 10.3M | 18.7M | 40.3M | 42.4M | 70.6M | 42.4M |
| Gross profit | 18.2M | 24.7M | 39.9M | 63.3M | 39.9M | 29.2M |
| Gross margin | 63.9% | 56.8% | 49.8% | 59.9% | 36.1% | 40.8% |
| Research & development | 20.8M | 31.6M | 35.2M | 38.9M | 29.2M | 36.7M |
| Selling, general & administrative | 22.8M | 60.9M | 73.3M | 68.2M | 72.4M | 79.3M |
| Operating expenses | 43.5M | 92.5M | 108.5M | 107.2M | 101.7M | 116M |
| Operating income | -25.3M | -67.8M | -68.5M | -43.9M | -65.8M | -86.9M |
| Operating margin | -89% | -156.4% | -85.4% | -41.5% | -59.6% | -121.4% |
| Non-operating income, net | -40K | 41.6M | -7.5M | -3.3M | -18.6M | 146.8M |
| Pretax income | -32.1M | -37.6M | -89.1M | -63.9M | -103.2M | 54.9M |
| Income tax | 400K | 497K | 322K | 72K | 159K | 3.6M |
| Net income | -32.5M | -38.1M | -89.4M | -64M | -103.4M | 51.3M |
| Net margin | -114.1% | -87.8% | -111.4% | -60.5% | -93.6% | 71.7% |
| EBITDA | -18.9M | -61.1M | -49.8M | -21.5M | -39.6M | -70.6M |
| EPS | -1.94 | -4.88 | -40.9 | -3.27 | -4.28 | 1.66 |
| Diluted EPS | -1.94 | -4.88 | -40.9 | -3.27 | -4.28 | 1.49 |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | Q2 23 | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 26.5M | 27.3M | 27.7M | 34.8M | 25.4M | 28.6M | 21.7M | 23.9M | 12.7M | 15.8M | 15.8M | 18M |
| Cost of revenue | 9.6M | 9.6M | 12.9M | 25.6M | 14.5M | 15.8M | 14.6M | 15.1M | 8M | 9.4M | 9.5M | 11.9M |
| Gross profit | 16.9M | 17.8M | 14.8M | 9.2M | 10.9M | 12.7M | 7M | 8.8M | 4.6M | 6.4M | 6.3M | 6.2M |
| Gross margin | 63.6% | 65% | 53.5% | 26.5% | 43% | 44.5% | 32.4% | 36.8% | 36.6% | 40.6% | 39.8% | 34.1% |
| Research & development | 9.8M | 10.5M | 9M | 6M | 7.5M | 5.6M | 10M | 8.5M | 9.1M | 8.7M | 8.7M | 8.2M |
| Selling, general & administrative | 17.6M | 18M | 14M | 15M | 15.2M | 18M | 23.9M | 20.5M | 16.6M | 18M | 21.3M | 17.3M |
| Operating expenses | 27.4M | 28.6M | 22.9M | 21M | 22.7M | 23.6M | 33.9M | 29.1M | 25.7M | 26.7M | 30M | 25.5M |
| Operating income | -10.5M | -10.8M | -8.1M | -11.8M | -11.8M | -13.5M | -28.2M | -20.3M | -21.1M | -20.3M | -23.7M | -19.4M |
| Operating margin | -39.7% | -39.6% | -29.2% | -33.9% | -46.5% | -47.2% | -130.1% | -84.9% | -166.1% | -128% | -149.5% | -107.3% |
| Non-operating income, net | -1.5M | -2.7M | -191K | -9.1M | -467K | 5.5M | -14.4M | 5.3M | 360K | -3.8M | -2.6M | -1.1M |
| Pretax income | -16.1M | -17.7M | -12.7M | -25.6M | -16.5M | -12.4M | -48.2M | -20.7M | -19.7M | -23.3M | -25.8M | -19.7M |
| Income tax | 213K | 78K | -488K | -9K | 67K | 44K | 57K | -6K | -2K | 1.8M | 55K | 263K |
| Net income | -16.3M | -17.8M | -12.2M | -25.5M | -16.6M | -12.5M | -48.2M | -20.7M | -19.7M | -25.1M | -25.8M | -20M |
| Net margin | -61.4% | -65.1% | -44.1% | -73.3% | -65.2% | -43.7% | -222.7% | -86.5% | -155.3% | -158.6% | -163.2% | -110.6% |
| EBITDA | -6.1M | -6.1M | 1.2M | -4.2M | -5.1M | -7.4M | -22.3M | -15.3M | -17M | -16.7M | -19.3M | -13.7M |
| EPS | -0.88 | -1.12 | — | -1.17 | -0.68 | -0.5 | — | -0.77 | -0.61 | -0.76 | -0.78 | -0.52 |
| Diluted EPS | -0.88 | -1.12 | — | -1.17 | -0.68 | -0.5 | — | -0.77 | -0.61 | -0.76 | -0.78 | -0.52 |
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 | 1.3B | — | — | — | — | — | 459.2M |
| Enterprise value | 1.4B | — | — | — | — | — | 390.5M |
| Shares outstanding | 16.7M | 7.8M | 2.2M | 19.6M | 24.2M | 30.9M | 30.9M |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | 9.32 |
| P/S | 47 | — | — | — | — | — | 7.58 |
| P/B | -27.5 | — | — | — | — | — | 3.27 |
| EV/EBITDA | -73.9 | — | — | — | — | — | -5.61 |
| EV/Sales | 49.1 | — | — | — | — | — | 6.26 |
| Earnings yield | — | — | — | — | — | — | 10.7% |
| FCF yield | -1.88% | — | — | — | — | — | -11.4% |
| PEG | — | — | — | — | — | — | -0.29 |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Gross margin | 63.9% | 56.8% | 49.8% | 59.9% | 36.1% | 40.8% | 34.1% |
| Operating margin | -89% | -156.4% | -85.4% | -41.5% | -59.6% | -121.4% | -107.3% |
| Net margin | -114.1% | -87.8% | -111.4% | -60.5% | -93.6% | 71.7% | -145.2% |
| ROE | 66.7% | -20% | -81.2% | -90.7% | 884.4% | 45.4% | -61.7% |
| ROA | -73.2% | -13.1% | -34.9% | -25.9% | -53.4% | 24.3% | -22% |
| ROIC | -231.1% | -51.4% | -45.3% | -27.4% | -86.7% | -182.2% | -135.4% |
| Return on tangible assets | -75.7% | -40.2% | -102.7% | -79.5% | -71.9% | 31.7% | -50.1% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Current ratio | 1.68 | 5.28 | 2.9 | 1.67 | 0.61 | 1.3 | 1.87 |
| Quick ratio | 1.68 | 5.28 | 2.9 | 1.67 | 0.61 | 1.3 | 1.87 |
| Debt / equity | -1.54 | 0.27 | 1.01 | 1.85 | -9.14 | 0.12 | 0.07 |
| Debt / assets | 1.69 | 0.18 | 0.44 | 0.53 | 0.55 | 0.06 | 0.04 |
| Net debt / EBITDA | -3.16 | 0.95 | -0.83 | -4.18 | -2.21 | 0.97 | 1.23 |
| Interest coverage | -3.74 | -2.29 | -5.38 | -2.36 | -4.07 | 8.4 | -44.2K |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 6.58% | 0% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Revenue per share | 1.7 | 5.58 | 36.7 | 5.4 | 4.57 | 2.31 | 1.82 |
| EPS (basic) | -1.94 | -4.88 | -40.9 | -3.27 | -4.28 | 1.66 | 1.66 |
| EPS (diluted) | -1.94 | -4.88 | -40.9 | -3.27 | -4.28 | 1.49 | -2.91 |
| Book value per share | -2.92 | 24.5 | 50.4 | 3.6 | -0.48 | 3.65 | 3.69 |
| FCF per share | -1.51 | -9.47 | -30.5 | -2.74 | -1.86 | -3 | -2.6 |
| Cash per share | 0.93 | 14.1 | 32.2 | 2.09 | 0.79 | 2.65 | 2.34 |
| Capex per share | 0.62 | 1.99 | 8.65 | 1.53 | 1.1 | — | — |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Capex / revenue | 36.2% | 35.6% | 23.6% | 28.4% | 24.1% | — | — |
| Capex / operating cash flow | -59.5% | -23.1% | -30.4% | -131.5% | -74.2% | — | — |
| Payout ratio | — | — | — | — | — | — | 0% |
| — |
| — |
| $43.4M |
| — |
| FY21 | — | -$0.96 | — | — | — | — |
| FY20 | — | -$1.94 | — | — | $28.5M | — |
| Q3 24 |
|---|
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $26.5M | $27.3M | $27.7M | $34.8M | $25.4M | $28.6M | $21.7M | $23.9M | $12.7M | $15.8M | $15.8M | $18M |
| YoY change | +36.6% | +33.8% | +23.9% | +44.1% | -4.13% | +4.58% | -21.9% | -31.4% | -55.6% | -26.9% | -33.7% | — |
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 | 15.6M | 109.3M | 70.3M | 40.9M | 19.2M | 81.8M |
| Receivables | 3.7M | 10.2M | 13.9M | 9.9M | 11.9M | 4.2M |
| Inventory | — | — | — | — | — | — |
| Total current assets | 22.3M | 131.6M | 96.8M | 69.3M | 92.2M | 93.8M |
| Property, plant & equipment | 20.5M | 48.7M | 65.4M | 86.1M | 74.4M | 91.6M |
| Goodwill & intangibles | 1.5M | 195.6M | 169.5M | 166.4M | 49.8M | 49.1M |
| Total assets | 44.4M | 290.2M | 256.5M | 246.8M | 193.6M | 211M |
| Accounts payable | 1.8M | 5.8M | 4.8M | 8M | 11.6M | 14.9M |
| Short-term debt | — | — | 2.3M | 3.5M | 97.2M | 4.6M |
| Total current liabilities | 13.3M | 24.9M | 33.4M | 41.5M | 151.6M | 72.3M |
| Long-term debt | 75.3M | 51.1M | 109.3M | 127.2M | 9.6M | 8.8M |
| Total liabilities | 93.2M | 100M | 146.4M | 176.3M | 205.3M | 98.1M |
| Shareholders' equity | -48.7M | 190.2M | 110.1M | 70.5M | -11.7M | 112.9M |
| Total debt | 75.3M | 51.1M | 111.6M | 130.7M | 106.8M | 13.4M |
| Net debt | 59.7M | -58.1M | 64.4M | 101.6M | 87.6M | -11.4M |
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 | Q2 23 | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | — | — | — | — | — | — | 19.2M | — | 96.8M | 81.8M | 49.5M | 91.7M |
| Receivables | — | — | — | — | — | — | 11.9M | — | 5.8M | 4.2M | 7M | 6.4M |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | — | — | — | — | — | — | 92.2M | — | 113M | 93.8M | 64.4M | 109.8M |
| Property, plant & equipment | — | — | — | — | — | — | 74.4M | — | 85.5M | 91.6M | 93.7M | 93M |
| Goodwill & intangibles | — | — | — | — | — | — | 49.8M | — | 49.1M | 49.1M | 47.5M | 45.8M |
| Total assets | — | — | — | — | — | — | 193.6M | — | 224.3M | 211M | 182.9M | 226.7M |
| Accounts payable | — | — | — | — | — | — | 11.6M | — | 11.4M | 14.9M | 16M | 12.4M |
| Short-term debt | — | — | — | — | — | — | 97.2M | — | 4.2M | 4.6M | 3.9M | 2.9M |
| Total current liabilities | — | — | — | — | — | — | 151.6M | — | 59.4M | 72.3M | 68.5M | 58.7M |
| Long-term debt | — | — | — | — | — | — | 9.6M | — | 8.4M | 8.8M | 7.8M | 6.8M |
| Total liabilities | — | — | — | — | — | — | 205.3M | — | 91.1M | 98.1M | 91.7M | 82.4M |
| Shareholders' equity | — | — | — | — | — | — | -11.7M | — | 133.1M | 112.9M | 91.2M | 144.3M |
| Total debt | — | — | — | — | — | — | 106.8M | — | 12.5M | 13.4M | 11.8M | 9.7M |
| Net debt | — | — | — | — | — | — | 87.6M | — | -7.8M | -11.4M | -4.3M | -29.1M |
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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Net income | -32.5M | -38.1M | -89.4M | -64M | -103.4M | 51.3M |
| Depreciation & amortization | 5.5M | 8.5M | 20.7M | 21.2M | 26.6M | 15.5M |
| Stock-based compensation | 2.2M | 11.6M | 11.5M | 13M | 22.4M | 18.7M |
| Change in working capital | 2.5M | -6.9M | 923K | 5.1M | 13.2M | 8.6M |
| Operating cash flow | -17.3M | -66.6M | -62.2M | -22.8M | -35.8M | -59.8M |
| Capital expenditure | -10.3M | -15.4M | -18.9M | -30M | -26.6M | — |
| Investing cash flow | -10.3M | -119.3M | -41.8M | -17.7M | -14.2M | 184M |
| Dividends paid | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — |
| Financing cash flow | 16.5M | 269.2M | 24.9M | 23.2M | 17.8M | -77.5M |
| Net change in cash | -11.1M | 83.3M | -79.1M | -17.3M | -32.3M | 46.6M |
| Free cash flow | -25.2M | -73.6M | -66.7M | -53.7M | -45M | -92.6M |
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 | 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 | -17.8M | -12.2M | -25.5M | -16.6M | -12.5M | -48.2M | -20.7M | 119.6M | -19.7M | -25.1M | -25.8M | -20M |
| Depreciation & amortization | 4.8M | 7.3M | 7.6M | 6.6M | 6.2M | 6.1M | 5.2M | — | 3.3M | 3.7M | 3.8M | 4.8M |
| Stock-based compensation | 3.5M | 3.5M | 6M | 4.8M | 2.6M | 8.5M | 3.9M | 6.2M | 3.8M | 3.7M | 4M | 3M |
| Change in working capital | 4.2M | 5.7M | -4.1M | 2M | 11.7M | 3.6M | -1.2M | — | 2.6M | 8.2M | -3.8M | -10.4M |
| Operating cash flow | -5M | 5.2M | -14.8M | -1.5M | 8.5M | -28M | -12.2M | 125.8M | -12M | -4.3M | -26.2M | -23.4M |
| Capital expenditure | -11M | -6.3M | -7.1M | -5.5M | -8.9M | -5.1M | -8.9M | — | — | — | — | — |
| Investing cash flow | -9.8M | 2.3M | -7.2M | -15.6M | 6M | 2.5M | -8.9M | — | 6M | 20.2M | 24M | 33.6M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 0 | -4.5M | 37.9M | 0 | -10M | 0 | 37.3M | — | -9.1M | 0 | 0 | 65.4M |
| Net change in cash | -14.8M | 3M | 15.9M | -17M | 4.5M | -25.5M | 16.2M | 125.8M | -15.2M | 15.9M | -2.2M | 75.6M |
| Free cash flow | -16.2M | -2.2M | -15.9M | -9.9M | 5.1M | -24.3M | -17.3M | — | -20.4M | -16.2M | -34.2M | -28.8M |