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 | -$0.17 | -$0.29 | -70.6% | — | $29.5M | — |
| Q1 26 | -$0.34 | -$0.26 | +23.5% | — | $25.6M | — |
| Q4 25 | -$0.35 | -$0.41 | -17.1% | — | $26.4M | — |
| Q3 25 | -$0.6 | -$0.64 | -6.7% | — | $29.2M | — |
| Q2 25 | -$1.09 | -$1.34 | -22.9% | — | $27.4M | — |
| Q1 25 | -$1.44 | -$1.09 | +24.3% | — | $23.5M | — |
| Q4 24 | -$0.67 | $0.6 | +189.6% | — | $28M | — |
| Q3 24 | -$1.05 | -$0.94 | +10.5% | — | $28.4M | — |
| Q2 24 | -$3.08 | -$1.98 | +35.7% | — | $32.4M | — |
| Q1 24 | -$1.33 | -$3.36 | -152.6% | — | $30.6M | — |
| Q4 23 | -$1.96 | -$9.24 | -371.4% | — | $26.8M | — |
| Q3 23 | -$0.17 | -$1.36 | -700.0% | — | $22M | — |
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 | — | -$3.15 | — | — | $106.6M | — |
| FY24 | — | -$5.8 | — | — | $119.4M | — |
| FY23 | — | -$44.5 | — | — | $60.5M | — |
| FY22 | — | -$10.6 | — | — | $20.3M | — |
| FY21 | — | -$5.1 | — |
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 | $7.5M | $11.8M | $20.3M | $60.5M | $119.4M | $106.6M |
| YoY change | — | +57.3% | +71.8% | +198.4% | +97.4% | -10.8% |
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 | Q2 24 | Q3 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 | 7.5M | 11.8M | 20.3M | 60.5M | 119.4M | 106.6M |
| Cost of revenue | 11M | 15.5M | 25.9M | 65.7M | 118.3M | 111.7M |
| Gross profit | -3.5M | -3.7M | -5.6M | -5.2M | 1.1M | -5.1M |
| Gross margin | -47% | -31.8% | -27.5% | -8.55% | 0.96% | -4.8% |
| Research & development | 2.2M | 3M | 3.3M | 20.9M | 24M | 10.3M |
| Selling, general & administrative | 15.1M | 26.6M | 42M | 110.7M | 37.4M | 61.5M |
| Operating expenses | 17.2M | 29.6M | 45.3M | 131.5M | 61.4M | 71.8M |
| Operating income | -20.8M | -33.4M | -50.9M | -136.7M | -60.3M | -76.9M |
| Operating margin | -276.8% | -282.7% | -251.1% | -226% | -50.5% | -72.1% |
| Non-operating income, net | -1.1M | -294K | -22.9M | -114.3M | -6.3M | -20.9M |
| Pretax income | -23.4M | -35.8M | -74.4M | -254M | -75.2M | -110.9M |
| Income tax | 0 | 0 | 0 | -3.3M | -287K | -380K |
| Net income | -23.4M | -35.8M | -74.4M | -250.7M | -74.9M | -110.6M |
| Net margin | -312.5% | -303.3% | -366.8% | -414.3% | -62.7% | -103.8% |
| EBITDA | -18.5M | -33.2M | -51M | -136.7M | -51.9M | -76M |
| EPS | -3.34 | -5.1 | -10.6 | -44.5 | -5.8 | -3.15 |
| Diluted EPS | -3.34 | -5.1 | -10.6 | -44.5 | -5.8 | -3.15 |
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 | 22M | 26.8M | 30.6M | 32.4M | 28.4M | 28M | 23.5M | 27.4M | 29.2M | 26.4M | 25.6M | 29.5M |
| Cost of revenue | 22M | 29.5M | 30.5M | 29.8M | 29.6M | 28.4M | 26.9M | 26.5M | 30.1M | 28M | 28.5M | 31.9M |
| Gross profit | 1K | -2.7M | 157K | 2.6M | -1.2M | -351K | -3.3M | 932K | -913K | -1.5M | -2.9M | -2.4M |
| Gross margin | 0% | -9.91% | 0.51% | 7.96% | -4.34% | -1.25% | -14.2% | 3.4% | -3.13% | -5.72% | -11.3% | -8.11% |
| Research & development | 2.9M | 16.3M | 7M | 5.7M | 5.7M | 5.7M | 2.7M | 2.7M | 2.3M | 2.3M | 2.4M | 1.8M |
| Selling, general & administrative | 60.1M | 29.5M | 27.6M | 22.2M | 1.7M | -14.1M | 12.5M | 14.1M | 13.3M | 22.1M | 8M | 14.6M |
| Operating expenses | 63M | 45.8M | 34.6M | 27.8M | 7.4M | -8.5M | 15.2M | 16.9M | 15.6M | 24.4M | 10.5M | 16.4M |
| Operating income | -63M | -48.5M | -34.5M | -25.3M | -8.6M | 8.1M | -18.6M | -15.9M | -16.5M | -25.9M | -13.4M | -18.8M |
| Operating margin | -286.9% | -180.7% | -112.6% | -78% | -30.4% | 28.9% | -79% | -58.1% | -56.6% | -97.8% | -52.1% | -63.7% |
| Non-operating income, net | -14.2M | -60.9M | -870K | 150K | -1.5M | -4.1M | 3.9M | -8.4M | -7.5M | -8.9M | -5.7M | -8.1M |
| Pretax income | -78.2M | -110.7M | -37M | -27M | -12.2M | 1.1M | -18.5M | -28.1M | -27.3M | -37.1M | -20.3M | -28.2M |
| Income tax | -3.6M | 267K | -46K | -35K | -14K | -192K | -53K | -64K | -62K | -201K | -39K | -53K |
| Net income | -74.6M | -111M | -37M | -27M | -12.2M | 1.3M | -18.5M | -28M | -27.2M | -36.9M | -20.3M | -28.1M |
| Net margin | -339.6% | -413.6% | -120.7% | -83.4% | -43.1% | 4.51% | -78.6% | -102.1% | -93.3% | -139.4% | -79.1% | -95.3% |
| EBITDA | -65M | -46.7M | -32.8M | -22.9M | -6.8M | 10.6M | -17.9M | -14.1M | -14.2M | -29.8M | -12.9M | -17.7M |
| EPS | -9.55 | — | -3.36 | -2.31 | -0.94 | — | -1.09 | -1.34 | -0.64 | — | -0.26 | -0.29 |
| Diluted EPS | -9.55 | — | -3.36 | -2.31 | -0.94 | — | -1.09 | -1.34 | -0.64 | — | -0.26 | -0.29 |
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 | — | — | — | — | — | — | 147.1M |
| Enterprise value | — | — | — | — | — | — | 205M |
| Shares outstanding | 7M | 7M | 7M | 5.6M | 12.9M | 35.1M | 35.1M |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | -0.38 |
| P/S | — | — | — | — | — | — | 1.33 |
| P/B | — | — | — | — | — | — | -2.76 |
| EV/EBITDA | — | — | — | — | — | — | -3.16 |
| EV/Sales | — | — | — | — | — | — | 1.85 |
| Earnings yield | — | — | — | — | — | — | -264.7% |
| FCF yield | — | — | — | — | — | — | -32.1% |
| PEG | — | — | — | — | — | — | 0 |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Gross margin | -47% | -31.8% | -27.5% | -8.55% | 0.96% | -4.8% | -8.11% |
| Operating margin | -276.8% | -282.7% | -251.1% | -226% | -50.5% | -72.1% | -63.7% |
| Net margin | -312.5% | -303.3% | -366.8% | -414.3% | -62.7% | -103.8% | -101.6% |
| ROE | 16.6% | 20.7% | 33.5% | 323.5% | 62.4% | 201.5% | 201.5% |
| ROA | -200.2% | -473.5% | -542.9% | -225.9% | -60.4% | -84% | -34.5% |
| ROIC | 16.1% | 22.2% | 26.5% | 430.5% | 123.9% | -235.9% | -294.2% |
| Return on tangible assets | -349.2% | -974.5% | -961.1% | -464.2% | -101.3% | -125.3% | -108.7% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Current ratio | 0.19 | 0.03 | 0.14 | 0.13 | 0.38 | 0.23 | 0.26 |
| Quick ratio | 0.19 | 0.03 | 0.14 | 0.13 | 0.38 | 0.23 | 0.26 |
| Debt / equity | -0.14 | -0.14 | -0.14 | -0.61 | -0.77 | -1.83 | -0.02 |
| Debt / assets | 1.74 | 3.11 | 2.21 | 0.43 | 0.75 | 0.76 | 0.61 |
| Net debt / EBITDA | -0.7 | -0.69 | -0.59 | -0.33 | -1.38 | -1.15 | -0.91 |
| Interest coverage | -14 | -15.7 | -123.8 | -84.6 | -7.73 | -7.4 | -13.1 |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Revenue per share | 1.07 | 1.68 | 2.89 | 10.7 | 9.25 | 3.04 | 1.59 |
| EPS (basic) | -3.34 | -5.1 | -10.6 | -44.5 | -5.8 | -3.15 | -3.15 |
| EPS (diluted) | -3.34 | -5.1 | -10.6 | -44.5 | -5.8 | -3.15 | -1.24 |
| Book value per share | -20.2 | -24.7 | -31.6 | -13.7 | -9.29 | -1.56 | -0.36 |
| FCF per share | -1.29 | -3.45 | -4.04 | -12.8 | -5.3 | -2.07 | -0.69 |
| Cash per share | 1.05 | 0.1 | 0 | 0.31 | 1.63 | 0.36 | 0.15 |
| Capex per share | 0.03 | 0.02 | 0.01 | 1.35 | 0.1 | — | — |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Capex / revenue | 2.37% | 1.16% | 0.49% | 12.5% | 1.06% | — | — |
| Capex / operating cash flow | -1.57% | -0.53% | -0.18% | -3.85% | -1.89% | — | — |
| Payout ratio | — | — | — | — | — | — | 0% |
| — |
| $11.8M |
| — |
| FY20 | — | -$3.34 | — | — | $7.5M | — |
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $22M | $26.8M | $30.6M | $32.4M | $28.4M | $28M | $23.5M | $27.4M | $29.2M | $26.4M | $25.6M | $29.5M |
| YoY change | +332.3% | -68.9% | +456.1% | +422.5% | +29.2% | +4.52% | -23.2% | -15.2% | +2.77% | -5.71% | +8.96% | +7.58% |
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 | 7.4M | 719K | 6K | 1.7M | 21.1M | 12.7M |
| Receivables | 161K | 15K | 161K | 5M | 4.3M | 3.9M |
| Inventory | — | — | — | — | — | — |
| Total current assets | 8.4M | 1.9M | 7.9M | 17.7M | 33.9M | 30.9M |
| Property, plant & equipment | 507K | 549K | 1.8M | 22M | 20.9M | 14.1M |
| Goodwill & intangibles | 5M | 3.9M | 6M | 57M | 50.1M | 43.4M |
| Total assets | 11.7M | 7.6M | 13.7M | 111M | 124.1M | 131.7M |
| Accounts payable | 8.8M | 14M | 12.9M | 18.9M | 18M | 18.4M |
| Short-term debt | 20M | 23.1M | 16.9M | 20.2M | 12.8M | 51.2M |
| Total current liabilities | 43.6M | 55.6M | 57.4M | 140.1M | 89.6M | 133.6M |
| Long-term debt | 397K | 408K | 13.4M | 27.3M | 79.7M | 49M |
| Total liabilities | 153.2M | 180.6M | 235.8M | 188.5M | 244.1M | 186.5M |
| Shareholders' equity | -141.5M | -173M | -222.1M | -77.5M | -120M | -54.9M |
| Total debt | 20.4M | 23.5M | 30.2M | 47.4M | 92.5M | 100.1M |
| Net debt | 13M | 22.8M | 30.2M | 45.7M | 71.4M | 87.4M |
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 | 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 | 5.9M | 1.7M | 1.3M | 1.5M | 506K | 21.1M | 6.6M | 22.6M | 7.1M | 12.7M | 4.2M | 18.4M |
| Receivables | 3.9M | 5M | 4.7M | 4.5M | 4.4M | 4.3M | 4.7M | 5.3M | 5M | 3.9M | 3.7M | 4.8M |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 28M | 17.7M | 16.7M | 15.9M | 14.2M | 33.9M | 20M | 38.7M | 22M | 30.9M | 21.1M | 41.3M |
| Property, plant & equipment | 27.2M | 22M | 19.5M | 17.7M | 11.1M | 20.9M | 18.2M | 16.5M | 14.3M | 14.1M | 10.3M | 12M |
| Goodwill & intangibles | 185.5M | 57M | 51.6M | 49.8M | 48M | 50.1M | 44.6M | 43.1M | 41.6M | 43.4M | 38.7M | 37.2M |
| Total assets | 185.5M | 111M | 108.8M | 105.5M | 97.9M | 124.1M | 105.3M | 129M | 106.8M | 131.7M | 120.8M | 140.7M |
| Accounts payable | 20M | 18.9M | 20.6M | 26M | 26.8M | 18M | 17.8M | 19.5M | 16.4M | 18.4M | 21.1M | 22.1M |
| Short-term debt | 10.4M | 20.2M | 21.1M | 19.5M | 14.6M | 12.8M | 12.8M | 12.7M | 11.1M | 51.2M | 53.8M | 64.2M |
| Total current liabilities | 104.5M | 140.1M | 165.5M | 186.8M | 133.1M | 89.6M | 92.1M | 97.1M | 88.1M | 133.6M | 132.9M | 157.8M |
| Long-term debt | 38.6M | 27.3M | 25.8M | 23.3M | 30M | 79.7M | 78.3M | 77.9M | 78.1M | 49M | 36.2M | 22M |
| Total liabilities | 157.2M | 188.5M | 215.1M | 233.6M | 233.5M | 244.1M | 240.9M | 244.5M | 199.3M | 186.5M | 177.4M | 183.2M |
| Shareholders' equity | 28.3M | -77.5M | -106.3M | -128.1M | -135.6M | -120M | -135.6M | -115.5M | -92.6M | -54.9M | -56.6M | -42.5M |
| Total debt | 49M | 47.4M | 46.9M | 42.8M | 44.6M | 92.5M | 91.1M | 90.7M | 89.3M | 100.1M | 90M | 86.2M |
| Net debt | 43.1M | 45.7M | 45.6M | 41.4M | 44.1M | 71.4M | 84.5M | 68.1M | 82.2M | 87.4M | 85.9M | 67.8M |
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 | -23.4M | -35.8M | -74.4M | -250.7M | -74.9M | -110.6M |
| Depreciation & amortization | 2.8M | 1.1M | 1M | 3.8M | 8.3M | 9.3M |
| Stock-based compensation | 6.2M | 3.2M | 12.5M | 48.3M | -6M | 10.1M |
| Change in working capital | 2.7M | 5.8M | 5.1M | 2.6M | -67K | -1.6M |
| Operating cash flow | -11.4M | -25.8M | -55.7M | -197.2M | -67M | -64.2M |
| Capital expenditure | -178K | -137K | -99K | -7.6M | -1.3M | — |
| Investing cash flow | 421K | -137K | -99K | -6.9M | -1.3M | — |
| Dividends paid | — | — | — | — | — | — |
| Share repurchases | — | — | 0 | -1.3M | 0 | -380K |
| Financing cash flow | 14.2M | 18.3M | 34.8M | 72.7M | 77.2M | 69.9M |
| Net change in cash | 3.2M | -7.6M | -21M | -131.4M | 8.9M | 5.7M |
| Free cash flow | -9M | -24.2M | -28.3M | -72.1M | -68.4M | -72.6M |
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 | -74.6M | -111M | -37M | -27M | -12.2M | 1.3M | -18.5M | -28M | -27.2M | -36.9M | -20.3M | -28.1M |
| Depreciation & amortization | 1.4M | 1.9M | 2M | 2.1M | 2.1M | 2.2M | 2.1M | 2.4M | 2.4M | 2.3M | 2.6M | 2.5M |
| Stock-based compensation | 32.6M | 12.9M | 12.6M | 7.4M | -5.4M | -20.6M | 1.9M | 3.8M | 2.3M | 2.1M | 1.4M | 2.7M |
| Change in working capital | 719K | 358K | 2.7M | 5.9M | -2.2M | -6.4M | -1.3M | 868K | -3.4M | 2.2M | 3.7M | 9.6M |
| Operating cash flow | -43.5M | -94.2M | -18.3M | -10.3M | -16.2M | -22.2M | -13.7M | -10.6M | -19.3M | -18.4M | -12.3M | -1.2M |
| Capital expenditure | -11.4M | 4.1M | -715K | -705K | -1.3M | 1.4M | -1.3M | — | — | — | — | — |
| Investing cash flow | -11.4M | 4.1M | -715K | -705K | -1.3M | 1.4M | 1.4M | 0 | 0 | — | — | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | 0 | — | — | — | 0 | — | — | — | — | — | — |
| Financing cash flow | 35.4M | 10.9M | 13.1M | 7.6M | 13.2M | 43.3M | 542K | 176K | 101K | 36.8M | 7.3M | -1.3M |
| Net change in cash | -19.5M | -79.3M | -5.9M | -3.4M | -4.3M | 22.5M | -11.7M | -10.5M | -19.2M | 18.4M | -4.9M | -2.4M |
| Free cash flow | -36M | -15.3M | -13.6M | -7.5M | -14.2M | -33.2M | -17.7M | -12.4M | -21.6M | -20.8M | -15.8M | -10.1M |