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 | -$0.15 | -$0.21 | -40.0% | — | $724K | — |
| Q1 26 | -$0.23 | -$0.47 | -104.3% | — | $858K | — |
| Q4 25 | -$0.22 | -$0.17 | +22.7% | — | $896K | — |
| Q3 25 | -$0.2 | -$0.13 | +35.0% | — | $545K | — |
| Q2 25 | -$0.1 | -$0.16 | -60.0% | — | $1.1M | — |
| Q1 25 | -$0.21 | -$0.24 | -14.3% | — | $735K | — |
| Q4 24 | -$0.24 | $0.14 | +158.3% | — | $1.3M | — |
| Q3 24 | -$0.34 | -$0.36 | -5.9% | — | $671K | — |
| Q2 24 | -$0.34 | -$0.39 | -14.7% | — | $538K | — |
| Q1 24 | -$0.34 | -$0.46 | -35.3% | — | $360K | — |
| Q4 23 | -$0.15 | -$0.38 | -153.3% | — | $1.7M | — |
| Q3 23 | -$0.19 | -$0.74 | -289.5% | — | $239K | — |
| Q2 23 | -$0.26 | -$0.41 | -57.7% | — | $1.3M | — |
| Q1 23 | — | -$0.39 | — | — | $679K | — |
| Q4 22 | — | -$0.41 | — | — | $268K | — |
| Q3 22 | -$0.23 | -$0.43 | -87.0% | — | $1.2M | — |
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 | — | -$0.79 | — | — | $3.2M | — |
| FY24 | — | -$1.07 | — | — | $2.9M | — |
| FY23 | — | -$1.95 | — | — | $3.9M | — |
| FY22 | — | -$1.91 | — | — | $8.4M | — |
| FY21 | — | -$0.64 |
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 | $3.8M | $4.6M | $4.7M | $8.4M | $3.9M | $2.9M | $3.2M |
| YoY change | — | +23.5% | +0.41% | +81.4% | -53.8% | -25.7% | +11.8% |
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 |
|---|
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 | 3.8M | 4.6M | 4.7M | 8.4M | 3.9M | 2.9M | 3.2M |
| Cost of revenue | 1.8M | 1.8M | 1.5M | 3.1M | 3M | 1M | 1.1M |
| Gross profit | 1.9M | 2.8M | 3.1M | 5.3M | 917K | 1.9M | 2.1M |
| Gross margin | 51.9% | 61.5% | 67.3% | 62.9% | 23.5% | 64.9% | 65.3% |
| Research & development | 4.2M | 3.6M | 3.8M | 5M | 6.1M | 2.9M | 275K |
| Selling, general & administrative | 11M | 11.7M | 20.6M | 27.1M | 48.5M | 45M | 39.3M |
| Operating expenses | 28.1M | 29.4M | 63.9M | 137.5M | 181.3M | 178.8M | 102.8M |
| Operating income | -26.2M | -26.6M | -60.7M | -132.2M | -180.4M | -177M | -111M |
| Operating margin | -697.8% | -574.2% | -1.3K% | -1.6K% | -4.6K% | -6.1K% | -3.4K% |
| Non-operating income, net | -3.2M | -2.7M | -5.7M | -26.5M | -33.3M | 39.3M | -9.9M |
| Pretax income | -29.5M | -29.5M | -68M | -159.6M | -216.7M | -140.2M | -125M |
| Income tax | -717K | 381K | 484K | 618K | -584K | 32K | 12K |
| Net income | -28.7M | -29.9M | -68.5M | -160.2M | -216.1M | -140.3M | -125M |
| Net margin | -766.1% | -644.3% | -1.5K% | -1.9K% | -5.5K% | -4.8K% | -3.9K% |
| EBITDA | -22.8M | -22.8M | -61.9M | -151.6M | -211.4M | -182.8M | -114.8M |
| EPS | -0.27 | -0.27 | -0.64 | -1.91 | -1.95 | -1.07 | -0.79 |
| Diluted EPS | -0.27 | -0.27 | -0.64 | -1.91 | -1.95 | -1.07 | -0.79 |
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 | 239K | 1.7M | 360K | 538K | 671K | 1.3M | 735K | 1.1M | 545K | 896K | 858K | 724K |
| Cost of revenue | 275K | 1.3M | 100K | 192K | 256K | 470K | 293K | 294K | 266K | 273K | 353K | 356K |
| Gross profit | -36K | 400K | 260K | 346K | 415K | 862K | 442K | 774K | 279K | 623K | 505K | 368K |
| Gross margin | -15.1% | 23.9% | 72.2% | 64.3% | 61.8% | 64.7% | 60.1% | 72.5% | 51.2% | 69.5% | 58.9% | 50.8% |
| Research & development | 1.2M | 892K | 810K | 842K | 871K | 330K | 52K | 55K | 54K | 114K | 404K | 174K |
| Selling, general & administrative | 11.5M | 13.6M | 12.7M | 10.8M | 10.9M | 10.6M | 11.6M | 9.7M | 9.1M | 8.8M | 9.9M | 8.3M |
| Operating expenses | 46.9M | 47.9M | 57.1M | 48.9M | 42.2M | 30.6M | 27.4M | 23.9M | 23.9M | 27.7M | 33.5M | 29.8M |
| Operating income | -47M | -47.5M | -56.9M | -48.5M | -41.8M | -29.7M | -27M | -23.1M | -23.6M | -37.3M | -28M | -29.5M |
| Operating margin | -19.7K% | -2.8K% | -15.8K% | -9K% | -6.2K% | -2.2K% | -3.7K% | -2.2K% | -4.3K% | -4.2K% | -3.3K% | -4.1K% |
| Non-operating income, net | -34.6M | -1.8M | -3.3M | -2.6M | -4.3M | 49.5M | -5.6M | -4.7M | 3M | -2.6M | 122.4M | 3.8M |
| Pretax income | -83.3M | -49.8M | -60.1M | -51.5M | -47.1M | 18.5M | -34.1M | -29M | -21.6M | -40.3M | 93.6M | -25.4M |
| Income tax | 0 | -384K | -26K | 0 | 0 | 58K | 0 | 0 | 0 | 12K | 12.2M | -51K |
| Net income | -83.3M | -49.4M | -60.1M | -51.5M | -47.1M | 18.5M | -34.1M | -29M | -21.6M | -40.3M | 81.4M | -25.3M |
| Net margin | -34.8K% | -3K% | -16.7K% | -9.6K% | -7K% | 1.4K% | -4.6K% | -2.7K% | -4K% | -4.5K% | 9.5K% | -3.5K% |
| EBITDA | -81.1M | -46.6M | -56M | -49.3M | -45.7M | -28.5M | -26.4M | -24M | -19.5M | -39.3M | -30.4M | -37.1M |
| EPS | -0.74 | — | -0.46 | -0.39 | -0.36 | — | -0.24 | -0.18 | -0.13 | — | 0.27 | -0.16 |
| Diluted EPS | -0.74 | — | -0.46 | -0.39 | -0.36 | — | -0.24 | -0.18 | -0.13 | — | 0.26 | -0.16 |
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 | — | — | — | — | — | — | — | 1.7B |
| Enterprise value | — | — | — | — | — | — | — | 1.5B |
| Shares outstanding | 92.9M | 92.9M | 92.9M | 78.5M | 102.5M | 120.4M | 133.6M | 133.6M |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | -13.2 |
| P/S | — | — | — | — | — | — | — | 561.7 |
| P/B | — | — | — | — | — | — | — | 3.23 |
| EV/EBITDA | — | — | — | — | — | — | — | -12.8 |
| EV/Sales | — | — | — | — | — | — | — | 490.4 |
| Earnings yield | — | — | — | — | — | — | — | -7.6% |
| FCF yield | — | — | — | — | — | — | — | -4.71% |
| PEG | — | — | — | — | — | — | — | 1.18 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Gross margin | 51.9% | 61.5% | 67.3% | 62.9% | 23.5% | 64.9% | 65.3% | 50.8% |
| Operating margin | -697.8% | -574.2% | -1.3K% | -1.6K% | -4.6K% | -6.1K% | -3.4K% | -4.1K% |
| Net margin | -766.1% | -644.3% | -1.5K% | -1.9K% | -5.5K% | -4.8K% | -3.9K% | 65.3% |
| ROE | — | -61.3% | -246.3% | -79.1% | -57.4% | -50% | -29.5% | -1.4% |
| ROA | — | -41.6% | -44.6% | -61.5% | -44.3% | -37.4% | -25.9% | -15.3% |
| ROIC | — | -58% | -106.2% | -147.2% | -72% | -57.2% | -38.8% | 0% |
| Return on tangible assets | — | -52.5% | -47.3% | -62.1% | -44.4% | -37.4% | -25.9% | -1.01% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Current ratio | — | 1.11 | 1.44 | 8.66 | 5.45 | 2.07 | 3.34 | 5.05 |
| Quick ratio | — | 0.87 | 1.29 | 8.34 | 5.32 | 2.07 | 3.34 | 5.05 |
| Debt / equity | — | 0.13 | 2.85 | 0.13 | 0.21 | 0.25 | 0.08 | 0.07 |
| Debt / assets | — | 0.09 | 0.52 | 0.1 | 0.16 | 0.19 | 0.07 | 0.06 |
| Net debt / EBITDA | — | 0.13 | -0.47 | 0.74 | 0.6 | -0.16 | 1.2 | 1.74 |
| Interest coverage | -257.4 | -167.4 | -43.3 | -163.2 | -72.2 | -53.3 | -29.2 | -29.2 |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 100% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0.04 | 0.05 | 0.05 | 0.11 | 0.04 | 0.02 | 0.02 | 0.02 |
| EPS (basic) | -0.27 | -0.27 | -0.64 | -1.91 | -1.95 | -1.07 | -0.79 | -0.79 |
| EPS (diluted) | -0.27 | -0.27 | -0.64 | -1.91 | -1.95 | -1.07 | -0.79 | -0.26 |
| Book value per share | — | 0.52 | 0.3 | 2.58 | 3.67 | 2.33 | 3.17 | 3.29 |
| FCF per share | -0.29 | -0.43 | -0.71 | -2.04 | -2.27 | -1.46 | -0.71 | -0.85 |
| Cash per share | — | 0.1 | 0.54 | 1.78 | 2 | 0.34 | 1.3 | 1.61 |
| Capex per share | 0.04 | 0.18 | 0.2 | 0.57 | 0.8 | 0.11 | — | — |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Capex / revenue | 106.8% | 361% | 395.4% | 526.2% | 2.1K% | 467.8% | — | — |
| Capex / operating cash flow | -15.5% | -65.2% | -34.3% | -35.5% | -43.7% | -11.8% | — | — |
| Payout ratio | — | — | — | — | — | — | — | 0% |
| — |
| — |
| $4.7M |
| — |
| FY20 | — | -$0.27 | — | — | $4.6M | — |
| FY19 | — | -$0.27 | — | — | $3.8M | — |
| Q1 24 |
|---|
| Q2 24 |
|---|
| Q3 24 |
|---|
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $239K | $1.7M | $360K | $538K | $671K | $1.3M | $735K | $1.1M | $545K | $896K | $858K | $724K |
| YoY change | -79.8% | +523.5% | -47% | -59.1% | +180.8% | -20.3% | +104.2% | +98.5% | -18.8% | -32.7% | +16.7% | -32.2% |
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 | 9.3M | 49.9M | 139.7M | 205M | 41M | 173.3M |
| Receivables | 2M | 1.4M | 1.5M | 3.3M | 762K | 14K |
| Inventory | 3.5M | 5.9M | 5.6M | 5M | 0 | — |
| Total current assets | 16.8M | 58.3M | 151M | 216.5M | 69.3M | 180.2M |
| Property, plant & equipment | 34.4M | 75.6M | 90.7M | — | — | — |
| Goodwill & intangibles | 14.9M | 8.7M | 2.5M | 123K | — | — |
| Total assets | 71.7M | 153.5M | 260.5M | 487.2M | 374.9M | 483.3M |
| Accounts payable | 1.3M | 5.7M | 4.6M | 12.9M | 6.3M | 7.8M |
| Short-term debt | 6.3M | 342K | 706K | 13.4M | 13.2M | 34.8M |
| Total current liabilities | 15.2M | 40.6M | 17.4M | 39.7M | 33.4M | 53.9M |
| Long-term debt | 143K | 78.9M | 26.3M | 65.8M | 56.7M | 1.1M |
| Total liabilities | 23M | 125.7M | 58M | 110.9M | 94.5M | 59.7M |
| Shareholders' equity | 48.7M | 27.8M | 202.4M | 376.3M | 280.4M | 423.6M |
| Total debt | 6.5M | 79.2M | 27M | 79.2M | 69.9M | 35.9M |
| Net debt | -2.9M | 29.4M | -112.6M | -125.9M | 28.9M | -137.4M |
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 | 235.7M | 205M | 149.2M | 113M | 68.1M | 41M | 78.9M | 65.3M | 53M | 173.3M | 289.8M | 256.9M |
| Receivables | 2.4M | 3.3M | 4.3M | 2.6M | 2.8M | 762K | 111K | 8K | 81K | 14K | 157K | 2K |
| Inventory | 4.8M | 5M | 5.3M | 5.5M | 0 | 0 | — | — | — | — | — | — |
| Total current assets | 260.8M | 216.5M | 191.8M | 147M | 104.7M | 69.3M | 114.3M | 104.3M | 87.7M | 180.2M | 301.5M | 270.1M |
| Property, plant & equipment | — | — | — | — | — | — | — | — | — | — | — | — |
| Goodwill & intangibles | 171K | 123K | — | — | — | — | — | — | — | — | — | — |
| Total assets | 532.9M | 487.2M | 461.2M | 416.3M | 375.4M | 374.9M | 414.4M | 400.5M | 386.2M | 483.3M | 594.3M | 584.8M |
| Accounts payable | — | 12.9M | 22.3M | 21.4M | 14.5M | 6.3M | 10.8M | 11.3M | 9.5M | 7.8M | — | — |
| Short-term debt | 37.7M | 13.4M | 14.4M | 16.1M | 17M | 13.2M | 14M | 14.8M | 48.6M | 34.8M | 35M | 35.9M |
| Total current liabilities | 62.5M | 39.7M | 39.2M | 40.2M | 41.9M | 33.4M | 37.2M | 27.1M | 62M | 53.9M | 48.2M | 53.5M |
| Long-term debt | 76.4M | 65.8M | 66.8M | 67.9M | 68.2M | 56.7M | 57.2M | 57.8M | 25.4M | 1.1M | 410K | 748K |
| Total liabilities | 144.1M | 110.9M | 111.4M | 113.1M | 115.2M | 94.5M | 99M | 89.7M | 92.4M | 59.7M | 48.6M | 54.2M |
| Shareholders' equity | 388.8M | 376.3M | 349.7M | 303.1M | 260.3M | 280.4M | 315.3M | 310.8M | 293.8M | 423.6M | 545.7M | 530.6M |
| Total debt | 114.1M | 79.2M | 81.2M | 84M | 85.1M | 69.9M | 71.2M | 72.6M | 74M | 35.9M | 35.4M | 36.6M |
| Net debt | -121.7M | -125.9M | -67.9M | -29M | 17.1M | 28.9M | -7.7M | 7.2M | 21.1M | -137.4M | -254.5M | -220.2M |
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 | -28.7M | -29.9M | -68.5M | -160.2M | -216.1M | -140.3M | -125M |
| Depreciation & amortization | 3.9M | 4M | 4.3M | 4.2M | 2.6M | 2.7M | 3M |
| Stock-based compensation | 382K | 1.1M | 3.7M | 4.8M | 21M | 15M | 11.7M |
| Change in working capital | -1.4M | -1.2M | -652K | -5.2M | -619K | 2.6M | -2.4M |
| Operating cash flow | -25.8M | -25.6M | -53.6M | -125M | -188M | -114.9M | -89.2M |
| Capital expenditure | -4M | -16.7M | -18.4M | -44.4M | -82.1M | -13.6M | — |
| Investing cash flow | -9.5M | -16.7M | -24.2M | -48.4M | -150.8M | -14.5M | 9.7M |
| Dividends paid | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — |
| Financing cash flow | 34M | 41.3M | 111M | 254.2M | 363M | 18M | 208.8M |
| Net change in cash | -1.4M | -1.1M | 33.2M | 80.9M | 24.3M | -111.4M | 129.2M |
| Free cash flow | -27M | -39.7M | -66.2M | -160.1M | -232.6M | -175.7M | -94.3M |
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 | 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 | -83.3M | -49.4M | -60.1M | -51.5M | -47.1M | 18.5M | -34.1M | -29M | -21.6M | -40.3M | 81.4M | -25.3M |
| Depreciation & amortization | 419K | 507K | 622K | 713K | 494K | 874K | 622K | 740K | 808K | 781K | 564K | 503K |
| Stock-based compensation | 5.7M | 4.7M | 3.3M | 4.1M | 4M | 3.5M | 3M | 3.4M | 2.7M | 2.6M | 2.6M | 3.2M |
| Change in working capital | 1.3M | 1.6M | -1.2M | -1.2M | 4.4M | 565K | 8.5M | 8.4M | 2.6M | -2M | -2.9M | -1.4M |
| Operating cash flow | -71.6M | -45.4M | -54.7M | -46.3M | -35.5M | 20.7M | -19.8M | -10.3M | -18M | -25.7M | -42.3M | -20M |
| Capital expenditure | -7M | -35.4M | -972K | -844K | -10.1M | -1.7M | -2K | — | — | — | — | — |
| Investing cash flow | -73.8M | -36.1M | -1.5M | -1.2M | -10.1M | -1.7M | -2K | -9.7M | 0 | 0 | 117.3M | 6.5M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 299.9M | 33.7M | 26M | 380K | 0 | -1.3M | 70.7M | 20.4M | 199K | 127.9M | -41.4M | -78K |
| Net change in cash | 154.5M | -47.9M | -30.1M | -47.2M | -45.6M | 17.7M | 50.9M | 420K | -17.8M | 102.2M | 33.6M | -13.5M |
| Free cash flow | -48.1M | -78.9M | -50.9M | -45.4M | -46.9M | -32.4M | -15.8M | -12.3M | -17.9M | -28.9M | -44.4M | -42.7M |