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 % |
|---|---|---|---|---|---|---|
| Q1 25 | -$0.08 | -$0.04 | +50.0% | — | $0 | — |
| Q4 24 | -$0.09 | -$0.07 | +22.2% | — | $0 | — |
| Q3 24 | -$0.09 | -$0.06 | +33.3% | — | $0 | — |
| Q2 24 | -$0.09 | -$0.07 | +22.2% | — | $0 | — |
| Q1 24 | -$0.09 | -$0.07 | +22.2% | — | $0 | — |
| Q4 23 | -$0.07 | -$0.07 | 0.0% | — | $0 | — |
| Q3 23 | -$0.1 | -$0.13 | -30.0% | — | $0 | — |
| Q1 23 | — | -$0.08 | — | — | $0 | — |
| Q4 22 | — | $0.11 | — | — | $0 | — |
| Q3 22 | -$0.01 | -$0.11 | -1000.0% | — | $0 | — |
| Q2 22 | -$0.01 | -$0.15 | -1400.0% | — | $0 | — |
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 | — | -$0.2 | — | — | $5.8M | — |
| FY24 | — | -$0.26 | — | — | $0 | — |
| FY23 | — | -$0.45 | — | — | $0 | — |
| FY22 | — | -$0.54 | — | — | $0 | — |
| FY21 | — | -$0.33 |
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 | $0 | $0 | $0 | $0 | $0 | $0 | $5.8M |
| YoY change | — | 0% | 0% | 0% | 0% | 0% | +InfinityT% |
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 |
|---|
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 | 0 | 0 | 0 | 0 | 0 | 0 | 5.8M |
| Cost of revenue | 12.5K | 130K | 582.9K | 880.4K | 940.2K | 813.7K | 5.7M |
| Gross profit | -12.5K | -130K | -582.9K | -880.4K | -940.2K | -813.7K | 118.3K |
| Gross margin | — | — | — | — | — | — | 2.04% |
| Research & development | — | — | — | 1.2M | 1.3M | 711.5K | — |
| Selling, general & administrative | 3.3M | 30.1M | 13.8M | 13M | 5.6M | 4.8M | 17.9M |
| Operating expenses | 3.9M | 38.2M | 56.1M | 87.8M | 102.5M | 59.5M | 59.3M |
| Operating income | -3.9M | -38.3M | -56.7M | -88.7M | -104.1M | -61.2M | -59.2M |
| Operating margin | — | — | — | — | — | — | -1K% |
| Non-operating income, net | -94.6K | 5.8M | 5.9M | -2.5M | 21.4M | 8.1M | 9.9M |
| Pretax income | -4M | -32.5M | -50.6M | -90M | -79.9M | -50.3M | -48M |
| Income tax | — | — | — | — | — | — | -394.6K |
| Net income | -4M | -32.5M | -50.6M | -90M | -79.9M | -50.3M | -47.6M |
| Net margin | — | — | — | — | — | — | -819.2% |
| EBITDA | -3.9M | -36.4M | -49.3M | -69.5M | -78.2M | -46.5M | -43.2M |
| EPS | -0.03 | -0.29 | -0.33 | -0.54 | -0.45 | -0.26 | -0.2 |
| Diluted EPS | -0.03 | -0.29 | -0.33 | -0.54 | -0.45 | -0.26 | -0.2 |
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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5.8M | 9.9M | 15.7M |
| Cost of revenue | 226.9K | 224.2K | 214.6K | 204.7K | 139.6K | 198.4K | 193.4K | 205.8K | 183.2K | 5.1M | 8.5M | 13.8M |
| Gross profit | -226.9K | -224.2K | -214.6K | -204.7K | -139.6K | -198.4K | -193.4K | -205.8K | -183.2K | 700.6K | 1.4M | 1.9M |
| Gross margin | — | — | — | — | — | — | — | — | — | 12.1% | 14.5% | 12.2% |
| Research & development | 350.2K | 249.5K | 221.7K | 167.4K | 137.4K | 129.5K | — | — | — | — | — | — |
| Selling, general & administrative | 1.6M | 1M | 1.5M | 1.4M | 821.6K | 765.9K | 2.5M | 2.4M | 2.5M | 10.6M | 6.7M | 4.1M |
| Operating expenses | 29.3M | 22.2M | 16.3M | 12M | 10.4M | 16.6M | 9.2M | 11.7M | 17.1M | 21.4M | 19.2M | 18.9M |
| Operating income | -29.5M | -23M | -16.8M | -12.6M | -10.6M | -17M | -9.4M | -11.9M | -17.3M | -20.6M | -18M | -17.3M |
| Operating margin | — | — | — | — | — | — | — | — | — | -354.7% | -182% | -109.8% |
| Non-operating income, net | 5.6M | 1.9M | 2.8M | -338.1K | 1.9M | 3.1M | 199.6K | 1.2M | 3.9M | 4.7M | -894.6K | 6.8M |
| Pretax income | -23.4M | -20.5M | -13.2M | -12.1M | -8.3M | -13.4M | -8.9M | -10.6M | -12.9M | -15.5M | -18.6M | -10.8M |
| Income tax | — | — | — | — | — | — | — | — | — | — | 466.2K | 275K |
| Net income | -23.4M | -20.5M | -13.2M | -12.1M | -8.3M | -13.4M | -8.9M | -10.6M | -12.9M | -15.1M | -19.1M | -11.1M |
| Net margin | — | — | — | — | — | — | — | — | — | -260.5% | -193.3% | -70.5% |
| EBITDA | -21.7M | -19.2M | -12.8M | -9.4M | -7.9M | -13.2M | -8.9M | -10.9M | -12.3M | -11.2M | -14.8M | -13.2M |
| EPS | -0.13 | — | -0.07 | -0.06 | -0.06 | — | -0.04 | -0.05 | -0.06 | — | -0.08 | -0.03 |
| Diluted EPS | -0.13 | — | -0.07 | -0.06 | -0.06 | — | -0.04 | -0.05 | -0.06 | — | -0.08 | -0.03 |
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 | — | — | — | 956.3M | 896.2M | — | — | 645.7M |
| Enterprise value | — | — | — | 866.8M | 839.1M | — | — | 362M |
| Shares outstanding | 196.9M | 159.8M | 219.8M | 236.7M | 256.1M | 194M | 234.6M | 234.6M |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | -8.32 |
| P/S | — | — | — | — | — | — | — | 20.6 |
| P/B | — | — | — | 11.5 | 13.7 | — | — | 1.8 |
| EV/EBITDA | — | — | — | -12.5 | -10.7 | — | — | -7.1 |
| EV/Sales | — | — | — | — | — | — | — | 16.3 |
| Earnings yield | — | — | — | — | — | — | — | -12% |
| FCF yield | — | — | — | -8.36% | -11.3% | — | — | -7.66% |
| PEG | — | — | — | — | — | — | — | 0.21 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Gross margin | — | — | — | — | — | — | 2.04% | 12.2% |
| Operating margin | — | — | — | — | — | — | -1K% | -109.8% |
| Net margin | — | — | — | — | — | — | -819.2% | -185.4% |
| ROE | -44.9% | -44.6% | -41.3% | -107.8% | -122% | -75.5% | -11.4% | -19.4% |
| ROA | -43% | -44.2% | -34.2% | -81.3% | -94.5% | -67.9% | -8.87% | -11.2% |
| ROIC | — | — | — | — | — | — | -16.8% | -16.8% |
| Return on tangible assets | -43% | -44.2% | -34.2% | -81.3% | -94.5% | -67.9% | -16.2% | -12.8% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Current ratio | 20.9 | 112 | 10.7 | 3.48 | 3.28 | 4.03 | 3.89 | 5.36 |
| Quick ratio | 20.9 | 112 | 10.7 | 3.48 | 3.28 | 4.03 | 3.48 | 5.01 |
| Debt / equity | — | 0 | 0 | 0 | 0 | 0 | 0 | 0.13 |
| Debt / assets | — | 0 | 0 | 0 | 0 | 0 | 0 | 0.1 |
| Net debt / EBITDA | — | 1.89 | 2.61 | 1.29 | 0.73 | 0.49 | 1.54 | 2.63 |
| Interest coverage | — | -9.2K | -6.8K | -5.6K | -2.9K | -2K | -425.1 | -43.3 |
| Effective tax rate | — | — | — | — | — | — | 0% | 0% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 0 | 0 | 0 | 0 | 0.02 | 0.12 |
| EPS (basic) | -0.03 | -0.29 | -0.33 | -0.54 | -0.45 | -0.26 | -0.2 | -0.2 |
| EPS (diluted) | -0.03 | -0.29 | -0.33 | -0.54 | -0.45 | -0.26 | -0.2 | -0.15 |
| Book value per share | 0.05 | 0.46 | 0.56 | 0.35 | 0.26 | 0.34 | 1.79 | 0.93 |
| FCF per share | -0.02 | -0.09 | -0.25 | -0.34 | -0.39 | -0.31 | -0.25 | -0.26 |
| Cash per share | 0.04 | 0.43 | 0.59 | 0.38 | 0.22 | 0.12 | 0.29 | 0.53 |
| Capex per share | 0 | 0.01 | 0.02 | 0.02 | 0.01 | 0.02 | — | — |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Capex / operating cash flow | -15.8% | -18.4% | -10.9% | -5.6% | -1.77% | -7.67% | — | — |
| Payout ratio | 0% | 0% | 0% | — | — | 0% | 0% | 0% |
| — |
| — |
| $0 |
| — |
| FY20 | — | -$0.29 | — | — | $0 | — |
| FY19 | — | -$0.03 | — | — | $0 | — |
| Q2 24 |
|---|
| Q3 24 |
|---|
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $5.8M | $9.9M | $15.7M |
| YoY change | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | +InfinityT% | +InfinityT% | +InfinityT% |
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 | 68.8M | 129.1M | 89.6M | 57.3M | 23.1M | 67.7M |
| Receivables | 46.1K | 2.8K | 0 | — | — | — | — |
| Inventory | — | — | — | — | — | — | 8.8M |
| Total current assets | 8.2M | 71.2M | 136.5M | 94.3M | 62.4M | 29.8M | 84.2M |
| Property, plant & equipment | 1.1M | 2.4M | 11.5M | 16.4M | 16.9M | 42.6M | 81.7M |
| Goodwill & intangibles | — | — | — | — | — | — | 242.1M |
| Total assets | 9.4M | 73.5M | 148.1M | 110.7M | 84.6M | 74M | 536.1M |
| Accounts payable | — | — | — | — | — | — | 8.7M |
| Short-term debt | — | 53.2K | 54.3K | 81.4K | 89K | 53.8K | 297.8K |
| Total current liabilities | 392.8K | 635.1K | 12.8M | 27.1M | 19M | 7.4M | 21.7M |
| Long-term debt | — | — | 46.6K | 68.8K | 68.8K | 69.3K | 843.6K |
| Total liabilities | 392.8K | 635.1K | 25.4M | 27.2M | 19.1M | 7.4M | 117M |
| Shareholders' equity | 9M | 72.9M | 122.7M | 83.5M | 65.5M | 66.6M | 419.1M |
| Total debt | — | 53.2K | 100.8K | 150.2K | 157.8K | 123.1K | 1.1M |
| Net debt | — | -47.7M | -100.4M | -82M | -53.7M | -22.2M | -57.7M |
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 | 29.5M | 57.3M | 53.3M | 54.5M | 28.9M | 23.1M | 12.9M | 66.7M | 71.7M | 67.7M | 43.4M | 203.2M |
| Receivables | — | — | 115.5K | — | — | — | 146.8K | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | 8.8M | 9.9M | 15.2M |
| Total current assets | 35.2M | 62.4M | 57M | 57.6M | 33.2M | 29.8M | 17.8M | 69.3M | 74.9M | 84.2M | 61.1M | 230.1M |
| Property, plant & equipment | 16.5M | 16.9M | 16.9M | 16.8M | 29.2M | 42.6M | 7.9M | 7.8M | 7.9M | 81.7M | 86.4M | 100.8M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | 242.1M | 249.1M | 249.1M |
| Total assets | 58.4M | 84.6M | 79M | 79.5M | 63.9M | 74M | 61.7M | 113.1M | 119.9M | 536.1M | 521.2M | 705.7M |
| Accounts payable | — | — | — | — | — | — | — | — | — | 8.7M | 6.1M | 14.3M |
| Short-term debt | 77.3K | 89K | 68.6K | 31.8K | 41.4K | 53.8K | 32K | 10K | 450 | 297.8K | 324.8K | 7.4M |
| Total current liabilities | 10.4M | 19M | 14.5M | 11.4M | 7.6M | 7.4M | 4M | 20.9M | 18.5M | 21.7M | 21.1M | 42.9M |
| Long-term debt | 68.7K | 68.8K | 69K | 69.1K | 49.3K | 69.3K | 69.5K | 69.6K | 68.7K | 843.6K | 1.4M | 60.5M |
| Total liabilities | 10.5M | 19.1M | 14.6M | 11.4M | 7.7M | 7.4M | 4M | 20.9M | 18.6M | 117M | 115.7M | 197.7M |
| Shareholders' equity | 47.9M | 65.5M | 64.4M | 68.1M | 56.2M | 66.6M | 57.7M | 92.2M | 101.3M | 419.1M | 405.5M | 508M |
| Total debt | 146.1K | 157.8K | 137.6K | 100.9K | 90.7K | 123.1K | 101.5K | 79.6K | 69.2K | 1.1M | 1.7M | 67.9M |
| Net debt | -25.8M | -53.7M | -50.1M | -52.1M | -27.8M | -22.2M | -12.3M | -66.3M | -71.1M | -57.7M | -36.2M | -125.9M |
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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Net income | -4M | -32.5M | -50.6M | -90M | -79.9M | -50.3M | -47.6M |
| Depreciation & amortization | 12.5K | 130K | 582.9K | 880.4K | 940.2K | 813.7K | 827.9K |
| Stock-based compensation | 2.1M | 26.5M | 7.6M | 8.5M | 1.4M | 889K | 6.3M |
| Change in working capital | -62.9K | -690K | -887.2K | -1.3M | -336.9K | 1.1M | 787.4K |
| Operating cash flow | -1.9M | -8.4M | -49.9M | -99.1M | -100.8M | -58.4M | -55.1M |
| Capital expenditure | -307.4K | -1.5M | -5.4M | -5.5M | -1.8M | -4.5M | — |
| Investing cash flow | -26.6K | -1.6M | -17.1M | -737.9K | -4.4M | -3.4M | 12.5M |
| Dividends paid | 0 | 0 | 0 | — | — | 0 | 0 |
| Share repurchases | — | — | — | — | — | — | — |
| Financing cash flow | 9.3M | 35.4M | 115.9M | 49.1M | 75.3M | 26.3M | 79.4M |
| Net change in cash | 7.3M | 25.5M | 48.9M | -50.7M | -29.9M | -35.5M | 36.8M |
| Free cash flow | -3M | -14.8M | -53.9M | -80M | -101.1M | -60.2M | -58.4M |
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 | -23.4M | -20.5M | -13.2M | -12.1M | -8.3M | -13.4M | -8.9M | -10.6M | -12.9M | -15.1M | -19.1M | -11.1M |
| Depreciation & amortization | 226.9K | 224.2K | 214.6K | 204.7K | 139.6K | 198.4K | 193.4K | 205.8K | 183.2K | 245.5K | 321.6K | 352.8K |
| Stock-based compensation | 285.2K | 206.6K | 550.9K | 75.5K | 134.5K | 73.8K | -152.6K | 1.5M | 766.2K | 4.2M | 1.8M | 1.7M |
| Change in working capital | -92.8K | 362.5K | 1.2M | 584.2K | -179K | -455K | 1.4M | -97.6K | -671K | -930.2K | 1M | -6.3M |
| Operating cash flow | -30.2M | -23M | -14.7M | -12.1M | -10.5M | -17M | -7.6M | -9M | -16M | -20.4M | -18.6M | -5.9M |
| Capital expenditure | -300.1K | -440.6K | -122.5K | -225.5K | -1.7M | -1.7M | -676.9K | — | — | — | — | — |
| Investing cash flow | -303.1K | -440.6K | -124.9K | -481.7K | -1.1M | -1.3M | -434.4K | 3.3M | -242.3K | 205.3K | -372.6K | -400K |
| Dividends paid | 0 | — | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 12.8M | 53M | 11.6M | 13.9M | 645.4K | -37.1K | -21.7K | 63.5M | 19.7M | -96.4K | 524.3K | 176.4M |
| Net change in cash | -17.7M | 29.5M | -3.3M | 1.3M | -11M | -18.3M | -8M | 57.8M | 3.4M | -20.3M | -18.4M | 170.1M |
| Free cash flow | -25.7M | -25.1M | -15.3M | -11.8M | -10.6M | -18.2M | -10.4M | -9.2M | -16.2M | -22.7M | -24.4M | -20.2M |