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 | $0.04 | $0.04 | 0.0% | — | $67.5M | — |
| Q1 26 | $0.02 | $0.03 | +50.0% | — | $65.5M | — |
| Q4 25 | $0.04 | $0.03 | -25.0% | — | $63.4M | — |
| Q3 25 | $0.02 | $0.03 | +50.0% | — | $61.3M | — |
| Q2 25 | — | $0.02 | — | — | $58.5M | — |
| Q1 25 | $0.01 | $0.01 | 0.0% | — | $55.8M | — |
| Q4 24 | $0.02 | $0.03 | +50.0% | — | $54.2M | — |
| Q3 24 | — | $0.03 | — | — | $52.4M | — |
| Q1 24 | -$0.02 | -$0.01 | +50.0% | — | $47.2M | — |
| Q4 23 | -$0.03 | -$0.01 | +66.7% | — | $45.7M | — |
| Q3 23 | -$0.06 | -$0.01 | +83.3% | — | $43.5M | — |
| Q2 23 | -$0.07 | -$0.05 | +28.6% | — | $41.7M | — |
| Q1 23 | -$0.08 | -$0.05 | +37.5% | — | $39.6M | — |
| Q4 22 | -$0.11 | -$0.06 | +45.5% | — | $37.7M | — |
| Q3 22 | -$0.14 | -$0.1 | +28.6% | — | $36.2M | — |
| Q2 22 | -$0.16 | -$0.16 | 0.0% | — | $34.9M | — |
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 | — | -$0.37 | — | — | $239M | — |
| FY24 | — | -$0.4 | — | — | $204.3M | — |
| FY23 | — | -$0.46 | — | — | $170.5M | — |
| FY22 | — | -$0.76 | — | — | $142.1M | — |
| FY21 | — | -$2.6 |
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 | $45.7M | $79.9M | $115.9M | $142.1M | $170.5M | $204.3M | $239M |
| YoY change | — | +74.7% | +45% | +22.7% | +19.9% | +19.9% | +17% |
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 | 45.7M | 79.9M | 115.9M | 142.1M | 170.5M | 204.3M | 239M |
| Cost of revenue | 18.5M | 34.4M | 49.4M | 53.3M | 54.4M | 58.4M | 66.7M |
| Gross profit | 27.2M | 45.4M | 66.5M | 88.8M | 116.1M | 145.9M | 172.3M |
| Gross margin | 59.5% | 56.9% | 57.4% | 62.5% | 68.1% | 71.4% | 72.1% |
| Research & development | 14.4M | 20M | 27M | 30.7M | 34M | 40.2M | 44.5M |
| Selling, general & administrative | 44.7M | 65.1M | 89.9M | 107.8M | 116.4M | 137.1M | 158.5M |
| Operating expenses | 59.1M | 85M | 116.9M | 138.5M | 150.5M | 177.3M | 202.9M |
| Operating income | -31.9M | -39.6M | -50.4M | -49.7M | -34.4M | -31.4M | -30.6M |
| Operating margin | -69.8% | -49.5% | -43.5% | -35% | -20.2% | -15.4% | -12.8% |
| Non-operating income, net | 674K | 247K | -55K | 356K | 3.3M | 2.9M | 1.5M |
| Pretax income | -32.1M | -40.4M | -51.6M | -49.6M | -30.8M | -28.2M | -29M |
| Income tax | 0 | 0 | 60K | 104K | 260K | 189K | -924K |
| Net income | -32.1M | -40.4M | -51.7M | -49.7M | -31M | -28.3M | -28.1M |
| Net margin | -70.1% | -50.6% | -44.6% | -35% | -18.2% | -13.9% | -11.7% |
| EBITDA | -25.5M | -29.9M | -38.3M | -31.5M | -13M | -11.2M | -10.8M |
| EPS | -0.6 | -0.75 | -2.6 | -0.76 | -0.46 | -0.4 | -0.37 |
| Diluted EPS | -0.6 | -0.75 | -2.6 | -0.76 | -0.46 | -0.4 | -0.37 |
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 | 43.5M | 45.7M | 47.2M | 50.6M | 52.4M | 54.2M | 55.8M | 58.5M | 61.3M | 63.4M | 65.5M | 67.5M |
| Cost of revenue | 13.6M | 14.1M | 14.2M | 14.5M | 14.7M | 15.1M | 15.9M | 16.5M | 17M | 17.3M | 18M | 18.9M |
| Gross profit | 29.9M | 31.6M | 33M | 36.1M | 37.7M | 39M | 39.9M | 42M | 44.3M | 46.1M | 47.5M | 48.7M |
| Gross margin | 68.7% | 69.1% | 69.9% | 71.4% | 72% | 72.1% | 71.6% | 71.7% | 72.3% | 72.7% | 72.6% | 72% |
| Research & development | 8.6M | 9.1M | 9.6M | 10M | 9.9M | 10.8M | 11.2M | 12M | 13.1M | 8.2M | 10.8M | 12.1M |
| Selling, general & administrative | 29.3M | 30.4M | 31.5M | 35.4M | 34.5M | 35.7M | 38.1M | 40.1M | 40.2M | 40M | 42.7M | 40.7M |
| Operating expenses | 38M | 39.6M | 41.1M | 45.4M | 44.4M | 46.4M | 49.3M | 52.1M | 53.3M | 48.2M | 53.6M | 52.7M |
| Operating income | -8M | -8M | -8.2M | -9.3M | -6.6M | -7.4M | -9.3M | -10.2M | -8.9M | -2.2M | -6M | -4.2M |
| Operating margin | -18.4% | -17.5% | -17.3% | -18.3% | -12.7% | -13.6% | -16.7% | -17.4% | -14.6% | -3.41% | -9.2% | -6.25% |
| Non-operating income, net | 874K | 865K | 865K | 721K | 692K | 650K | 500K | 471K | 277K | 275K | 352K | 167K |
| Pretax income | -7.1M | -6.9M | -7.2M | -8.5M | -5.8M | -6.6M | -8.8M | -9.8M | -8.6M | -1.8M | -5.7M | -4.1M |
| Income tax | 79K | 112K | 14K | 52K | 56K | 67K | 71K | -1.1M | 82K | 29K | 102K | 132K |
| Net income | -7.1M | -7M | -7.2M | -8.6M | -5.9M | -6.7M | -8.8M | -8.7M | -8.7M | -1.8M | -5.8M | -4.3M |
| Net margin | -16.4% | -15.4% | -15.3% | -16.9% | -11.2% | -12.4% | -15.8% | -14.9% | -14.1% | -2.91% | -8.81% | -6.3% |
| EBITDA | -2.6M | -2.5M | -2.9M | -4.2M | -1.7M | -2.4M | -4.6M | -5.3M | -3.9M | 3M | -772K | 1.1M |
| EPS | -0.1 | -0.1 | -0.1 | -0.12 | -0.08 | -0.09 | -0.12 | -0.11 | -0.11 | -0.02 | -0.07 | -0.05 |
| Diluted EPS | -0.1 | -0.1 | -0.1 | -0.12 | -0.08 | -0.09 | -0.12 | -0.11 | -0.11 | -0.02 | -0.07 | -0.05 |
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 | — | — | — | — | 776.5M | 1.1B | 579.2M | 592.9M |
| Enterprise value | — | — | — | — | 727.2M | 1.1B | 549.6M | 562.5M |
| Shares outstanding | 56.5M | 56.5M | 20.6M | 65.1M | 67.7M | 71.7M | 76.3M | 76.3M |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | -19.9 |
| P/S | — | — | — | — | 4.55 | 5.58 | 2.42 | 2.3 |
| P/B | — | — | — | — | 9.83 | 17 | 7.03 | 7.03 |
| EV/EBITDA | — | — | — | — | -55.9 | -98.3 | -51 | -59 |
| EV/Sales | — | — | — | — | 4.27 | 5.37 | 2.3 | 2.18 |
| Earnings yield | — | — | — | — | — | — | — | -5.02% |
| FCF yield | — | — | — | — | 0.84% | 0.91% | 2.22% | 6.64% |
| PEG | — | — | — | — | — | — | — | 0.37 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Gross margin | 59.5% | 56.9% | 57.4% | 62.5% | 68.1% | 71.4% | 72.1% | 72% |
| Operating margin | -69.8% | -49.5% | -43.5% | -35% | -20.2% | -15.4% | -12.8% | -6.22% |
| Net margin | -70.1% | -50.6% | -44.6% | -35% | -18.2% | -13.9% | -11.7% | -7.97% |
| ROE | -48.6% | -106.4% | -46% | -59.8% | -39.3% | -42.3% | -34.1% | -25.1% |
| ROA | -29% | -43.5% | -27.6% | -23.9% | -15.4% | -15% | -13.5% | -6.23% |
| ROIC | -2.2K% | -5.4K% | -3.7K% | -114.4% | -115.9% | -131.5% | -58% | -36.9% |
| Return on tangible assets | -29% | -43.5% | -27.6% | -23.9% | -15.4% | -15% | -20.8% | -15% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Current ratio | 2.66 | 1.54 | 2.84 | 1.84 | 1.78 | 1.58 | 1.24 | 1.25 |
| Quick ratio | 2.66 | 1.54 | 2.84 | 1.84 | 1.78 | 1.58 | 1.24 | 1.25 |
| Debt / equity | 0.24 | 0.49 | 0.22 | 0.88 | 0.75 | 0.84 | 0.63 | 0.6 |
| Debt / assets | 0.14 | 0.2 | 0.13 | 0.35 | 0.3 | 0.3 | 0.25 | 0.25 |
| Net debt / EBITDA | 2.53 | 1.25 | 2.9 | 1.26 | 3.79 | 3.86 | 2.74 | 41.7 |
| Interest coverage | -38.5 | -35.8 | -42.6 | -33.4 | -15 | -17.5 | -16 | -12 |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0.81 | 1.41 | 5.61 | 2.18 | 2.52 | 2.85 | 3.13 | 3.29 |
| EPS (basic) | -0.6 | -0.75 | -2.6 | -0.76 | -0.46 | -0.4 | -0.37 | -0.37 |
| EPS (diluted) | -0.6 | -0.75 | -2.6 | -0.76 | -0.46 | -0.4 | -0.37 | -0.27 |
| Book value per share | 1.17 | 0.67 | 5.44 | 1.28 | 1.17 | 0.93 | 1.08 | 1.05 |
| FCF per share | -0.43 | -0.34 | -1.46 | -0.24 | 0.1 | 0.14 | 0.17 | 0.14 |
| Cash per share | 1.42 | 0.99 | 6.59 | 1.74 | 1.61 | 1.38 | 1.07 | 0.98 |
| Capex per share | 0.04 | 0.05 | 0.36 | 0.03 | 0.02 | 0.03 | 0.03 | 0.04 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Capex / revenue | 5.4% | 3.45% | 6.37% | 1.33% | 0.99% | 1.07% | 0.96% | 1.27% |
| Capex / operating cash flow | -11.1% | -17.4% | -40.5% | -12.8% | 22.4% | 14.6% | 13.1% | 19.4% |
| Payout ratio | — | — | — | — | — | — | — | 0% |
| — |
| — |
| $115.9M |
| — |
| FY20 | — | -$0.75 | — | — | $79.9M | — |
| FY19 | — | -$0.6 | — | — | $45.7M | — |
| Q1 24 |
|---|
| Q2 24 |
|---|
| Q3 24 |
|---|
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $43.5M | $45.7M | $47.2M | $50.6M | $52.4M | $54.2M | $55.8M | $58.5M | $61.3M | $63.4M | $65.5M | $67.5M |
| YoY change | +20.2% | +21.2% | +19.2% | +21.4% | +20.3% | +18.6% | +18.3% | +15.6% | +17.1% | +17% | +17.4% | +15.5% |
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 | 80.2M | 55.7M | 136M | 113.3M | 108.8M | 99.1M | 81.7M |
| Receivables | 2.3M | 2.5M | 3.1M | 3.3M | 3.5M | 3.7M | 4.3M |
| Inventory | — | — | — | — | — | — | — |
| Total current assets | 89.2M | 67.7M | 154.4M | 132.9M | 129.8M | 120.7M | 105M |
| Property, plant & equipment | 33.4M | 18.3M | 24.5M | 66.5M | 61.6M | 56.6M | 53.5M |
| Goodwill & intangibles | — | — | — | — | — | — | 73.2M |
| Total assets | 110.4M | 93M | 187.5M | 208.3M | 201M | 188.9M | 208M |
| Accounts payable | 3M | 3.4M | 4.1M | 3.8M | 5.2M | 8.3M | 7.3M |
| Short-term debt | 4.8M | 7.5M | 8.5M | 20.7M | 10.3M | 10.7M | 11.4M |
| Total current liabilities | 33.5M | 44M | 54.3M | 72.2M | 72.9M | 76.6M | 84.6M |
| Long-term debt | 10.9M | 11M | 16.6M | 52.9M | 49.2M | 45.3M | 40.8M |
| Total liabilities | 44.4M | 55M | 75.2M | 125.1M | 122.1M | 122M | 125.6M |
| Shareholders' equity | 65.9M | 38M | 112.3M | 83.2M | 79M | 67M | 82.4M |
| Total debt | 15.7M | 18.4M | 25M | 73.6M | 59.5M | 56.1M | 52.2M |
| Net debt | -64.5M | -37.3M | -111M | 11.6M | 8.8M | 4.5M | -2.8M |
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 | 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 | 118.4M | 108.8M | 82.3M | 99M | 98.2M | 99.1M | 98.2M | 77.8M | 80.3M | 81.7M | 72.7M | 78.5M |
| Receivables | 3.7M | 3.5M | 19M | 5.5M | 8.4M | 3.7M | 3.1M | 3.4M | 4.3M | 4.3M | 4.6M | 4.4M |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 138.5M | 129.8M | 119.7M | 121.1M | 122.5M | 120.7M | 120.3M | 99.4M | 103M | 105M | 100.7M | 104.7M |
| Property, plant & equipment | 63M | 61.6M | 60.4M | 59.6M | 57.7M | 56.6M | 56.2M | 55.5M | 54.1M | 53.5M | 53.2M | 53.7M |
| Goodwill & intangibles | — | — | — | — | — | — | — | 74.3M | 73.9M | 73.2M | 72.5M | 71.8M |
| Total assets | 210.8M | 201M | 190.2M | 191.2M | 192M | 188.9M | 188.3M | 204.3M | 206.5M | 208M | 204.3M | 208.6M |
| Accounts payable | 4.8M | 5.2M | 4.2M | 7.6M | 7.6M | 8.3M | 4.9M | 5.9M | 6.1M | 7.3M | 6.6M | 8.1M |
| Short-term debt | 10.6M | 10.3M | 10.4M | 10.4M | 10.4M | 10.7M | 10.9M | 11.1M | 11M | 11.4M | 11.6M | 11.9M |
| Total current liabilities | 69.9M | 72.9M | 68.4M | 74.1M | 76.9M | 76.6M | 75.2M | 81.3M | 82.9M | 84.6M | 81.1M | 84M |
| Long-term debt | 60M | 49.2M | 48.4M | 47.3M | 46.3M | 45.3M | 44.6M | 43.7M | 42M | 40.8M | 39.7M | 39.4M |
| Total liabilities | 129.9M | 122.1M | 116.7M | 121.4M | 123.2M | 122M | 119.7M | 125.5M | 127.8M | 125.6M | 121M | 123.6M |
| Shareholders' equity | 80.9M | 79M | 73.4M | 69.8M | 68.8M | 67M | 68.6M | 78.9M | 78.6M | 82.4M | 83.3M | 85M |
| Total debt | 70.6M | 59.5M | 58.8M | 57.8M | 56.7M | 56.1M | 55.5M | 54.8M | 53M | 52.2M | 51.3M | 51.4M |
| Net debt | 7.3M | 8.8M | 28.2M | 6.1M | 5.6M | 4.5M | 2M | 10.1M | -11.3M | -2.8M | 9.1M | 3.8M |
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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Net income | -32.1M | -40.4M | -51.7M | -49.7M | -31M | -28.3M | -28.1M |
| Depreciation & amortization | 5.7M | 9.4M | 12.1M | 16.6M | 15.8M | 15.5M | 16.5M |
| Stock-based compensation | 1.4M | 11.6M | 14.1M | 18.8M | 22.8M | 32.2M | 32.1M |
| Change in working capital | -1.1M | -3.3M | -2.2M | -11.6M | -12.3M | -17.8M | -26.8M |
| Operating cash flow | -22.2M | -15.9M | -18.2M | -14.8M | 7.5M | 15M | 17.5M |
| Capital expenditure | -2.5M | -2.8M | -7.4M | -1.9M | -1.7M | -2.2M | -2.3M |
| Investing cash flow | -2.5M | -2.8M | -7.4M | -52.8M | -5.7M | 10.5M | -4.5M |
| Dividends paid | — | — | — | — | — | — | — |
| Share repurchases | -1.4M | 0 | 0 | — | — | — | — |
| Financing cash flow | 64.2M | -6M | 106.3M | -9.4M | -37.9M | -25.9M | -10.1M |
| Net change in cash | 39.6M | -24.6M | 80.7M | -77M | -36.1M | -450K | 3M |
| Free cash flow | -24.5M | -19.4M | -30.2M | -15.9M | 6.5M | 10.4M | 12.9M |
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 | -7.1M | -7M | -7.2M | -8.6M | -5.9M | -6.7M | -8.8M | -8.7M | -8.7M | -1.8M | -5.8M | -4.3M |
| Depreciation & amortization | 3.9M | 4M | 4M | 3.9M | 3.7M | 3.9M | 3.8M | 4M | 4.3M | 4.4M | 4.5M | 4.6M |
| Stock-based compensation | 6.2M | 6.2M | 6.8M | 8.3M | 8M | 9.1M | 9M | 9.3M | 9.9M | 4M | 7.1M | 7M |
| Change in working capital | -3.4M | -2.9M | -21.1M | 12.1M | -8M | -769K | -9.7M | -4.6M | -7.6M | -4.9M | -10.7M | -4.5M |
| Operating cash flow | 2.5M | 3.5M | -14.2M | 19M | 1.2M | 8.9M | -2.2M | 5.4M | 6.1M | 6.2M | -5.7M | 10.2M |
| Capital expenditure | -675K | -178K | -513K | -741K | -548K | -383K | -444K | -423K | -743K | -726K | -898K | -906K |
| Investing cash flow | 3.6M | -2.4M | 6.4M | 4.1M | 389K | -445K | 2.7M | 11.5M | 16.1M | -11.4M | -4.5M | -1.1M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | -6.7M | -14.8M | -7.9M | -5.1M | -6.2M | -6.7M | -1.8M | -1.9M | -3.3M | -3.1M | -3.4M | -3.2M |
| Net change in cash | -520K | -13.7M | -15.7M | 18.1M | -4.6M | 1.7M | -1.4M | 15.1M | 18.9M | -8.3M | -13.6M | 5.9M |
| Free cash flow | 2.1M | 2.9M | -20.5M | 21.2M | 3.5M | 6.1M | -1.1M | 4.5M | 5M | 4.4M | -7.1M | 8.7M |