Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2024 15.3% Revenue growth, 20243 Where the money goes Where each dollar of revenue went, fiscal 2024 Research and development Other costs
Research and development 23¢ $101.1M Other costs 72¢ $317.4M Interest 3¢ $11.3M Income tax 0¢ $921.0K Profit 2¢ $8.1M Out of $438.9M in revenue.3
Where each dollar of operating cash went, fiscal 2024 Share buybacks Kept or used elsewhere
Share buybacks 70¢ $50.1M Kept or used elsewhere 30¢ $21.8M Out of $71.9M of cash from operations.3
Financial statements
Income statement Balance sheet Cash flow
Annual Quarterly
Revenue4 5 6 3 $438.9M in 2024+193% since 2019 0 $200.0M $400.0M $600.0M 2019: $149.6M $149.6M 2019 2020: $185.9M $185.9M 2020 +24% 2021: $248.4M $248.4M 2021 +34% 2022: $316.4M $316.4M 2022 +27% 2023: $380.7M $380.7M 2023 +20% 2024: $438.9M $438.9M 2024 +15% Operating income4 5 6 3 -$2.6M in 2024−97% since 2019 -$150.0M -$100.0M -$50.0M 0 2019: -$77.1M -$77.1M 2019 2020: -$75.1M -$75.1M 2020 −3% 2021: -$108.7M -$108.7M 2021 +45% 2022: -$87.4M -$87.4M 2022 −20% 2023: -$53.5M -$53.5M 2023 −39% 2024: -$2.6M -$2.6M 2024 −95% Net income4 5 6 3 $8.1M in 2024-$200.0M -$100.0M 0 $100.0M 2019: -$93.5M -$93.5M 2019 2020: -$101.2M -$101.2M 2020 +8% 2021: -$199.6M -$199.6M 2021 +97% 2022: -$101.3M -$101.3M 2022 −49% 2023: -$47.3M -$47.3M 2023 −53% 2024: $8.1M $8.1M 2024 Revenue7 8 $110.6M in Q2 FY2025+2% since Q1 FY2025 0 $50.0M $100.0M $150.0M Q1 FY2025: $107.9M $107.9M Q1 FY2025 Q2 FY2025: $110.6M $110.6M Q2 FY2025 +2% Operating income7 8 -$12.4M in Q2 FY2025+49% since Q1 FY2025 -$15.0M -$10.0M -$5.0M 0 Q1 FY2025: -$8.4M -$8.4M Q1 FY2025 Q2 FY2025: -$12.4M -$12.4M Q2 FY2025 +49% Net income7 8 -$9.5M in Q2 FY2025+29% since Q1 FY2025 -$10.0M -$7.5M -$5.0M -$2.5M 0 Q1 FY2025: -$7.3M -$7.3M Q1 FY2025 Q2 FY2025: -$7.3M -$7.3M Q2 FY2025 +0% Q2 FY2025: -$9.5M -$9.5M Q2 FY2025 +29% Fiscal year 2018 2019 2020 2021 2022 2023 2024 Revenue $149.6M4 $185.9M5 $248.4M6 $316.4M3 $380.7M3 $438.9M3 Research and development $33.6M4 $44.5M5 $65.1M6 $83.9M3 $97.6M3 $101.1M3 Operating income -$77.1M4 -$75.1M5 -$108.7M6 -$87.4M3 -$53.5M3 -$2.6M3 Interest $17.3M4 $20.1M5 $20.1M6 $20.7M3 $13.5M3 $11.3M3 Income tax $60.0K4 $234.0K5 -$4.7M6 $321.0K3 $1.2M3 $921.0K3 Net income -$93.5M4 -$101.2M5 -$199.6M6 -$101.3M3 -$47.3M3 $8.1M3 Earnings per share -$3.345 -$2.646 -$0.513 -$0.233 $0.043 Earnings per share (diluted) -$3.345 -$2.646 -$0.513 -$0.233 $0.043
Total assets4 5 6 3 $2.1B in 2024+188% since 2020 0 $1.0B $2.0B $3.0B 2020: $726.5M $726.5M 2020 2021: $2.3B $2.3B 2021 +212% 2022: $2.2B $2.2B 2022 −2% 2023: $2.5B $2.5B 2023 +12% 2024: $2.1B $2.1B 2024 −16% Total liabilities4 5 6 3 $1.4B in 2024+250% since 2020 0 $500.0M $1.0B $1.5B $2.0B 2020: $405.0M $405.0M 2020 2021: $1.5B $1.5B 2021 +281% 2022: $1.6B $1.6B 2022 +1% 2023: $1.8B $1.8B 2023 +18% 2024: $1.4B $1.4B 2024 −22% Shareholders’ equity4 5 6 3 $671.8M in 2024-$1.0B -$500.0M 0 $500.0M $1.0B 2018: -$315.5M -$315.5M 2018 2019: -$411.8M -$411.8M 2019 +30% 2020: -$511.1M -$511.1M 2020 +24% 2021: $723.1M $723.1M 2021 2022: $657.4M $657.4M 2022 −9% 2023: $656.4M $656.4M 2023 −0% 2024: $671.8M $671.8M 2024 +2% Cash4 5 6 3 $355.6M in 2024+41% since 2020 0 $200.0M $400.0M $600.0M 2020: $252.5M $252.5M 2020 2021: $562.8M $562.8M 2021 +123% 2022: $350.6M $350.6M 2022 −38% 2023: $407.0M $407.0M 2023 +16% 2024: $355.6M $355.6M 2024 −13% Long-term debt4 5 6 3 $4.3M in 2024−96% since 2020 0 $50.0M $100.0M $150.0M 2020: $98.4M $98.4M 2020 2021: $119.9M $119.9M 2021 +22% 2022: $75.9M $75.9M 2022 −37% 2023: $69.8M $69.8M 2023 −8% 2024: $4.3M $4.3M 2024 −94% Total assets7 8 $2.0B in Q2 FY2025−4% since Q1 FY2024 0 $1.0B $2.0B $3.0B Q1 FY2024: $2.1B $2.1B Q1 FY2024 Q2 FY2024: $2.1B $2.1B Q2 FY2024 +0% Q1 FY2025: $2.0B $2.0B Q1 FY2025 −5% Q2 FY2025: $2.0B $2.0B Q2 FY2025 +1% Total liabilities7 8 $1.3B in Q2 FY2025−7% since Q1 FY2024 0 $500.0M $1.0B $1.5B Q1 FY2024: $1.4B $1.4B Q1 FY2024 Q2 FY2024: $1.4B $1.4B Q2 FY2024 +0% Q1 FY2025: $1.3B $1.3B Q1 FY2025 −7% Q2 FY2025: $1.3B $1.3B Q2 FY2025 +0% Shareholders’ equity7 8 $687.5M in Q2 FY2025+2% since Q1 FY2024 0 $200.0M $400.0M $600.0M $800.0M Q1 FY2024: $671.8M $671.8M Q1 FY2024 Q2 FY2024: $671.8M $671.8M Q2 FY2024 +0% Q1 FY2025: $679.2M $679.2M Q1 FY2025 +1% Q2 FY2025: $679.2M $679.2M Q2 FY2025 +0% Q2 FY2025: $687.5M $687.5M Q2 FY2025 +1% Cash7 8 $335.8M in Q2 FY2025−6% since Q1 FY2024 0 $100.0M $200.0M $300.0M $400.0M Q1 FY2024: $355.6M $355.6M Q1 FY2024 Q2 FY2024: $355.6M $355.6M Q2 FY2024 +0% Q1 FY2025: $307.3M $307.3M Q1 FY2025 −14% Q2 FY2025: $335.8M $335.8M Q2 FY2025 +9% Long-term debt7 8 $4.3M in Q2 FY2025+0% since Q1 FY2024 0 $2.0M $4.0M $6.0M Q1 FY2024: $4.3M $4.3M Q1 FY2024 Q2 FY2024: $4.3M $4.3M Q2 FY2024 +0% Q1 FY2025: $4.3M $4.3M Q1 FY2025 +0% Q2 FY2025: $4.3M $4.3M Q2 FY2025 +0% Fiscal year 2018 2019 2020 2021 2022 2023 2024 Cash $252.5M4 $562.8M5 $350.6M6 $407.0M3 $355.6M3 Current assets $432.3M4 $1.9B5 $1.8B6 $2.1B3 $1.7B3 Total assets $726.5M4 $2.3B5 $2.2B6 $2.5B3 $2.1B3 Current liabilities $213.1M4 $1.3B5 $1.4B6 $1.7B3 $1.3B3 Long-term debt $98.4M4 $119.9M5 $75.9M6 $69.8M3 $4.3M3 Total liabilities $405.0M4 $1.5B5 $1.6B6 $1.8B3 $1.4B3 Shareholders’ equity -$315.5M4 -$411.8M5 -$511.1M6 $723.1M3 $657.4M3 $656.4M3 $671.8M3 Shares outstanding 50.1M shares4 196.8M shares5 199.4M shares6 204.1M shares3 204.3M shares3
Cash from operations4 5 6 3 $71.9M in 2024-$100.0M -$50.0M 0 $50.0M $100.0M 2019: -$61.8M -$61.8M 2019 2020: -$44.1M -$44.1M 2020 −29% 2021: -$68.7M -$68.7M 2021 +56% 2022: -$28.7M -$28.7M 2022 −58% 2023: $8.5M $8.5M 2023 2024: $71.9M $71.9M 2024 +751% Share buybacks5 3 $50.1M in 2024−66% since 2020 0 $50.0M $100.0M $150.0M 2020: $148.8M $148.8M 2020 2024: $50.1M $50.1M 2024 −66% Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Fiscal year 2018 2019 2020 2021 2022 2023 2024 Cash from operations -$61.8M4 -$44.1M5 -$68.7M6 -$28.7M3 $8.5M3 $71.9M3 Share buybacks $148.8M5 $50.1M3
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