Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2024 8.7% Revenue growth, 20242 Where the money goes Where each dollar of revenue went, fiscal 2024 Cost of revenue Research and development Other costs
Cost of revenue 19¢ $124.8M Research and development 33¢ $221.2M Other costs 42¢ $281.4M Interest 1¢ $5.8M Income tax 3¢ $18.5M Profit 2¢ $14.2M Out of $665.8M in revenue.2
Where each dollar of operating cash went, fiscal 2024 Kept or used elsewhere
Capital spending 9¢ $14.1M Kept or used elsewhere 91¢ $140.0M Out of $154.1M of cash from operations.2
Financial statements
Income statement Balance sheet Cash flow
Annual Quarterly
Revenue4 5 6 7 8 2 $665.8M in 2024+100% since 2017 0 $200.0M $400.0M $600.0M $800.0M 2017: $333.3M $333.3M 2017 2018: $396.4M $396.4M 2018 +19% 2019: $458.9M $458.9M 2019 +16% 2020: $469.9M $469.9M 2020 +2% 2021: $532.2M $532.2M 2021 +13% 2022: $572.2M $572.2M 2022 +8% 2023: $612.7M $612.7M 2023 +7% 2024: $665.8M $665.8M 2024 +9% Gross profit4 5 6 7 8 2 $541.0M in 2024+139% since 2017 0 $200.0M $400.0M $600.0M 2017: $226.7M $226.7M 2017 2018: $280.4M $280.4M 2018 +24% 2019: $326.3M $326.3M 2019 +16% 2020: $348.6M $348.6M 2020 +7% 2021: $402.5M $402.5M 2021 +15% 2022: $449.3M $449.3M 2022 +12% 2023: $490.9M $490.9M 2023 +9% 2024: $541.0M $541.0M 2024 +10% Operating income4 5 6 7 8 2 $17.7M in 2024-$40.0M -$20.0M 0 $20.0M $40.0M 2017: -$33.3M -$33.3M 2017 2018: $24.6M $24.6M 2018 2019: $8.2M $8.2M 2019 −67% 2020: $11.7M $11.7M 2020 +43% 2021: $12.3M $12.3M 2021 +5% 2022: -$6.9M -$6.9M 2022 2023: $243.0K $243.0K 2023 2024: $17.7M $17.7M 2024 +7178% Net income4 5 6 7 8 2 $14.2M in 2024-$150.0M -$100.0M -$50.0M 0 $50.0M 2017: -$101.9M -$101.9M 2017 2018: $15.5M $15.5M 2018 2019: -$7.5M -$7.5M 2019 2020: -$10.5M -$10.5M 2020 +39% 2021: -$8.8M -$8.8M 2021 −16% 2022: -$43.4M -$43.4M 2022 +394% 2023: -$8.9M -$8.9M 2023 −79% 2024: $14.2M $14.2M 2024 Revenue9 10 11 $151.4M in Q3 FY2024−12% since Q1 FY2024 0 $50.0M $100.0M $150.0M $200.0M Q1 FY2024: $172.9M $172.9M Q1 FY2024 Q2 FY2024: $148.8M $148.8M Q2 FY2024 −14% Q3 FY2024: $151.4M $151.4M Q3 FY2024 +2% Gross profit9 10 11 $121.4M in Q3 FY2024−14% since Q1 FY2024 0 $50.0M $100.0M $150.0M Q1 FY2024: $142.0M $142.0M Q1 FY2024 Q2 FY2024: $118.3M $118.3M Q2 FY2024 −17% Q3 FY2024: $121.4M $121.4M Q3 FY2024 +3% Operating income9 10 11 -$4.3M in Q3 FY2024-$10.0M 0 $10.0M $20.0M $30.0M Q1 FY2024: $20.9M $20.9M Q1 FY2024 Q2 FY2024: -$9.9M -$9.9M Q2 FY2024 Q3 FY2024: -$4.3M -$4.3M Q3 FY2024 −56% Net income9 10 11 $1.8M in Q3 FY2024−89% since Q1 FY2024 -$10.0M 0 $10.0M $20.0M Q1 FY2024: $16.5M $16.5M Q1 FY2024 Q2 FY2024: $16.5M $16.5M Q2 FY2024 +0% Q3 FY2024: $16.5M $16.5M Q3 FY2024 +0% Q2 FY2024: -$5.1M -$5.1M Q2 FY2024 Q3 FY2024: -$5.1M -$5.1M Q3 FY2024 +0% Q3 FY2024: $1.8M $1.8M Q3 FY2024 Fiscal year 2017 2018 2019 2020 2021 2022 2023 2024 Revenue $333.3M4 $396.4M5 $458.9M6 $469.9M7 $532.2M8 $572.2M2 $612.7M2 $665.8M2 Cost of revenue $106.6M12 $116.0M5 $132.6M6 $121.3M7 $129.7M8 $122.9M2 $121.8M2 $124.8M2 Gross profit $226.7M4 $280.4M5 $326.3M6 $348.6M7 $402.5M8 $449.3M2 $490.9M2 $541.0M2 Research and development $93.2M4 $97.6M5 $117.5M6 $126.1M7 $167.3M8 $202.5M2 $212.6M2 $221.2M2 Operating income -$33.3M4 $24.6M5 $8.2M6 $11.7M7 $12.3M8 -$6.9M2 $243.0K2 $17.7M2 Interest $2.2M4 $200.0K5 $6.4M6 $11.6M7 $12.1M8 $4.4M2 $6.1M2 $5.8M2 Income tax $65.5M4 $11.5M5 $10.9M6 $12.5M7 $8.5M8 $15.2M2 $21.5M2 $18.5M2 Net income -$101.9M4 $15.5M5 -$7.5M6 -$10.5M7 -$8.8M8 -$43.4M2 -$8.9M2 $14.2M2 Earnings per share -$1.944 $0.235 -$0.115 -$0.147 -$0.128 -$0.552 -$0.112 $0.172 Earnings per share (diluted) -$1.944 $0.215 -$0.115 -$0.147 -$0.128 -$0.552 -$0.112 $0.162
Total assets13 4 5 6 7 8 2 $1.4B in 2024+402% since 2017 0 $500.0M $1.0B $1.5B 2017: $287.9M $287.9M 2017 2018: $487.2M $487.2M 2018 +69% 2019: $743.1M $743.1M 2019 +53% 2020: $829.9M $829.9M 2020 +12% 2021: $1.2B $1.2B 2021 +40% 2022: $1.2B $1.2B 2022 +4% 2023: $1.4B $1.4B 2023 +13% 2024: $1.4B $1.4B 2024 +6% Total liabilities13 4 5 6 7 8 2 $588.5M in 2024+162% since 2017 0 $200.0M $400.0M $600.0M $800.0M 2017: $224.9M $224.9M 2017 2018: $191.2M $191.2M 2018 −15% 2019: $386.1M $386.1M 2019 +102% 2020: $450.5M $450.5M 2020 +17% 2021: $549.3M $549.3M 2021 +22% 2022: $635.0M $635.0M 2022 +16% 2023: $652.2M $652.2M 2023 +3% 2024: $588.5M $588.5M 2024 −10% Shareholders’ equity5 6 7 8 2 $857.2M in 2024+1354% since 2017 0 $250.0M $500.0M $750.0M $1.0B 2017: $58.9M $58.9M 2017 2018: $293.7M $293.7M 2018 +398% 2019: $354.7M $354.7M 2019 +21% 2020: $378.6M $378.6M 2020 +7% 2021: $613.2M $613.2M 2021 +62% 2022: $569.7M $569.7M 2022 −7% 2023: $711.3M $711.3M 2023 +25% 2024: $857.2M $857.2M 2024 +21% Cash13 4 5 6 7 8 2 $561.9M in 2024+1333% since 2017 0 $200.0M $400.0M $600.0M 2017: $39.2M $39.2M 2017 2018: $35.3M $35.3M 2018 −10% 2019: $223.1M $223.1M 2019 +531% 2020: $241.2M $241.2M 2020 +8% 2021: $413.7M $413.7M 2021 +72% 2022: $316.1M $316.1M 2022 −24% 2023: $467.5M $467.5M 2023 +48% 2024: $561.9M $561.9M 2024 +20% Long-term debt12 13 $31.0M in 2018+15183% since 2017 0 $10.0M $20.0M $30.0M $40.0M 2017: $203.0K $203.0K 2017 2018: $31.0M $31.0M 2018 +15183% Total assets10 11 9 $1.4B in Q3 FY2024+1% since Q2 FY2023 0 $500.0M $1.0B $1.5B Q2 FY2023: $1.4B $1.4B Q2 FY2023 Q3 FY2023: $1.4B $1.4B Q3 FY2023 +0% Q1 FY2024: $1.4B $1.4B Q1 FY2024 +1% Q2 FY2024: $1.3B $1.3B Q2 FY2024 −3% Q3 FY2024: $1.4B $1.4B Q3 FY2024 +3% Total liabilities10 11 9 $541.0M in Q3 FY2024−17% since Q2 FY2023 0 $200.0M $400.0M $600.0M $800.0M Q2 FY2023: $652.2M $652.2M Q2 FY2023 Q3 FY2023: $652.2M $652.2M Q3 FY2023 +0% Q1 FY2024: $617.0M $617.0M Q1 FY2024 −5% Q2 FY2024: $544.7M $544.7M Q2 FY2024 −12% Q3 FY2024: $541.0M $541.0M Q3 FY2024 −1% Shareholders’ equity10 11 9 $836.9M in Q3 FY2024+18% since Q2 FY2023 0 $250.0M $500.0M $750.0M $1.0B Q2 FY2023: $711.3M $711.3M Q2 FY2023 Q3 FY2023: $711.3M $711.3M Q3 FY2023 +0% Q1 FY2024: $762.9M $762.9M Q1 FY2024 +7% Q2 FY2024: $762.9M $762.9M Q2 FY2024 +0% Q3 FY2024: $762.9M $762.9M Q3 FY2024 +0% Q2 FY2024: $791.3M $791.3M Q2 FY2024 +4% Q3 FY2024: $791.3M $791.3M Q3 FY2024 +0% Q3 FY2024: $836.9M $836.9M Q3 FY2024 +6% Cash10 11 9 $513.4M in Q3 FY2024+10% since Q2 FY2023 0 $200.0M $400.0M $600.0M Q2 FY2023: $467.5M $467.5M Q2 FY2023 Q3 FY2023: $467.5M $467.5M Q3 FY2023 +0% Q1 FY2024: $557.6M $557.6M Q1 FY2024 +19% Q2 FY2024: $507.0M $507.0M Q2 FY2024 −9% Q3 FY2024: $513.4M $513.4M Q3 FY2024 +1% Fiscal year 2017 2018 2019 2020 2021 2022 2023 2024 Cash $39.2M13 $35.3M4 $223.1M5 $241.2M6 $413.7M7 $316.1M8 $467.5M2 $561.9M2 Current assets $143.9M13 $154.0M4 $352.5M5 $386.9M6 $588.2M7 $526.8M8 $700.6M2 $785.0M2 Total assets $287.9M13 $487.2M4 $743.1M5 $829.9M6 $1.2B7 $1.2B8 $1.4B2 $1.4B2 Current liabilities $197.5M13 $127.2M4 $152.9M5 $200.8M6 $474.0M7 $232.7M8 $324.1M2 $487.8M2 Long-term debt $203.0K12 $31.0M13 Total liabilities $224.9M13 $191.2M4 $386.1M5 $450.5M6 $549.3M7 $635.0M8 $652.2M2 $588.5M2 Shareholders’ equity $58.9M5 $293.7M6 $354.7M7 $378.6M8 $613.2M2 $569.7M2 $711.3M2 $857.2M2
Cash from operations4 5 6 7 8 2 $154.1M in 2024+858% since 2017 0 $50.0M $100.0M $150.0M $200.0M 2017: $16.1M $16.1M 2017 2018: $36.2M $36.2M 2018 +125% 2019: $31.4M $31.4M 2019 −13% 2020: $32.9M $32.9M 2020 +5% 2021: $61.6M $61.6M 2021 +87% 2022: $39.6M $39.6M 2022 −36% 2023: $127.3M $127.3M 2023 +222% 2024: $154.1M $154.1M 2024 +21% Capital spending4 5 6 7 8 2 $14.1M in 2024+87% since 2017 0 $5.0M $10.0M $15.0M 2017: $7.5M $7.5M 2017 2018: $6.7M $6.7M 2018 −11% 2019: $9.7M $9.7M 2019 +45% 2020: $6.1M $6.1M 2020 −37% 2021: $7.8M $7.8M 2021 +29% 2022: $9.6M $9.6M 2022 +23% 2023: $10.2M $10.2M 2023 +6% 2024: $14.1M $14.1M 2024 +38% Free cash flow4 5 6 7 8 2 $140.0M in 2024+1534% since 2017 0 $50.0M $100.0M $150.0M 2017: $8.6M $8.6M 2017 2018: $29.6M $29.6M 2018 +245% 2019: $21.7M $21.7M 2019 −27% 2020: $26.8M $26.8M 2020 +23% 2021: $53.8M $53.8M 2021 +101% 2022: $29.9M $29.9M 2022 −44% 2023: $117.1M $117.1M 2023 +291% 2024: $140.0M $140.0M 2024 +20% Share buybacks4 7 2 $4.3M in 2023+307% since 2017 0 $10.0M $20.0M $30.0M 2017: $1.0M $1.0M 2017 2018: $119.0K $119.0K 2018 −89% 2020: $0 $0 2020 2021: $0 $0 2021 2022: $21.7M $21.7M 2022 2023: $4.3M $4.3M 2023 −80% Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Fiscal year 2017 2018 2019 2020 2021 2022 2023 2024 Cash from operations $16.1M4 $36.2M5 $31.4M6 $32.9M7 $61.6M8 $39.6M2 $127.3M2 $154.1M2 Capital spending $7.5M4 $6.7M5 $9.7M6 $6.1M7 $7.8M8 $9.6M2 $10.2M2 $14.1M2 Free cash flow $8.6M $29.6M $21.7M $26.8M $53.8M $29.9M $117.1M $140.0M Share buybacks $1.0M4 $119.0K4 $07 $07 $21.7M2 $4.3M2 Dividend per share $0.004 $0.005 $0.006 $0.007 $0.008 $0.002 $0.002 $0.002
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Recent filings
Mar 28, 2025 8-K Mar 26, 2025 4 Mar 26, 2025 4 Mar 26, 2025 4 Mar 26, 2025 4 Mar 26, 2025 4 Mar 26, 2025 4 Mar 26, 2025 4 Mar 26, 2025 4 Mar 26, 2025 4 Mar 26, 2025 4 Mar 26, 2025 4 Mar 26, 2025 4 Mar 26, 2025 4 Mar 26, 2025 4 Every filing from the last three years, summarized . The full record is on SEC EDGAR.1
