Updated Jun 4, 2025, 1:33 AM UTC
Income Statement - Metric | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | FY 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | FY 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | FY 2025 | Q1 2026 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue (USD, thousands) | - | - | - | - | - | - | - | 85,872 | ||||||||
Cost of Revenue (USD, thousands) | - | - | - | - | - | - | - | 34,336 | ||||||||
Gross Profit (USD, thousands) | - | - | - | - | - | - | - | 51,536 | ||||||||
Research and Development Expenses (USD, thousands) | - | - | - | - | - | - | - | 58,819 | ||||||||
Selling, General and Administrative Expenses (USD, thousands) | - | - | - | - | - | - | - | 18,575 | ||||||||
Total Operating Expenses (USD, thousands) | - | - | - | - | - | - | - | 77,394 | ||||||||
Loss from Operations (USD, thousands) | - | - | - | - | - | - | - | (25,858) | ||||||||
Other Income, Net (USD, thousands) | - | - | - | - | - | - | - | 2,175 | ||||||||
Loss Before Income Taxes (USD, thousands) | - | - | - | - | - | - | - | (23,683) | ||||||||
Provision (Benefit) for Income Taxes (USD, thousands) | - | - | - | - | - | - | - | 645 | ||||||||
Net Loss (USD, thousands) | - | - | - | - | - | - | - | (24,328) | ||||||||
Balance Sheet - Metric | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | FY 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | FY 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | FY 2025 | Q1 2026 |
Cash and cash equivalents (USD, thousands) | 144,914 | 144,914 | 131,810 | 153,925 | 127,122 | 144,622 | 144,622 | 141,285 | ||||||||
Marketable debt securities (USD, thousands) | 75,013 | 75,013 | 71,537 | 65,880 | 99,402 | 105,643 | 105,643 | 118,102 | ||||||||
Accounts receivable, net (USD, thousands) | 24,950 | 24,950 | 28,299 | 23,160 | 33,967 | 29,767 | 29,767 | 30,235 | ||||||||
Inventories (USD, thousands) | 29,043 | 29,043 | 28,325 | 30,660 | 36,592 | 34,428 | 34,428 | 39,289 | ||||||||
Restricted cash (USD, thousands) | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 441 | ||||||||
Prepaid expenses and other current assets (USD, thousands) | 6,230 | 6,230 | 6,929 | 6,051 | 6,520 | 6,084 | 6,084 | 6,197 | ||||||||
Total current assets (USD, thousands) | 280,157 | 280,157 | 266,907 | 279,683 | 303,610 | 320,551 | 320,551 | 335,549 | ||||||||
Property and equipment, net (USD, thousands) | 10,439 | 10,439 | 9,763 | 9,042 | 9,684 | 9,084 | 9,084 | 10,248 | ||||||||
Intangible assets, net (USD, thousands) | 55,136 | 55,136 | 51,099 | 48,404 | 44,962 | 47,279 | 47,279 | 44,895 | ||||||||
Operating lease right-of-use assets, net (USD, thousands) | 5,250 | 5,250 | 4,324 | 6,744 | 5,952 | 5,188 | 5,188 | 4,377 | ||||||||
Goodwill (USD, thousands) | 303,625 | 303,625 | 303,625 | 303,625 | 303,625 | 303,625 | 303,625 | 303,625 | ||||||||
Other non-current assets (USD, thousands) | 2,814 | 2,814 | 2,827 | 2,673 | 2,956 | 3,241 | 3,241 | 3,224 | ||||||||
Total assets (USD, thousands) | 657,655 | 657,655 | 638,660 | 650,334 | 670,789 | 688,968 | 688,968 | 701,918 | ||||||||
Accounts payable (USD, thousands) | 28,503 | 28,503 | 16,470 | 19,443 | 25,227 | 21,775 | 21,775 | 35,290 | ||||||||
Accrued and other current liabilities (USD, thousands) | 48,598 | 48,598 | 49,714 | 62,400 | 72,974 | 80,781 | 80,781 | 73,479 | ||||||||
Operating lease liabilities, current (USD, thousands) | 3,443 | 3,443 | 3,148 | 3,652 | 3,251 | 2,829 | 2,829 | 2,335 | ||||||||
Income taxes payable (USD, thousands) | 1,541 | 1,541 | 904 | 809 | 838 | 1,383 | 1,383 | 1,633 | ||||||||
Deferred revenue, current (USD, thousands) | 894 | 894 | 2,009 | 5,152 | 4,580 | 14,226 | 14,226 | 12,114 | ||||||||
Total current liabilities (USD, thousands) | 82,979 | 82,979 | 72,245 | 91,456 | 106,870 | 120,994 | 120,994 | 124,851 | ||||||||
Operating lease liabilities, non-current (USD, thousands) | 1,896 | 1,896 | 1,243 | 3,101 | 2,716 | 2,436 | 2,436 | 2,056 | ||||||||
Other long-term liabilities (USD, thousands) | 12,909 | 12,909 | 9,747 | 8,226 | 6,908 | 4,126 | 4,126 | 2,295 | ||||||||
Total liabilities (USD, thousands) | 97,784 | 97,784 | 83,235 | 102,783 | 116,494 | 127,556 | 127,556 | 129,202 | ||||||||
Ordinary shares, $ 0.00045 par value per share, 200,000,000 shares authorized; 41,963,959 and 40,520,558 shares issued and outstanding at January 31, 2025 and January 31, 2024, respectively (USD, thousands) | 18 | 18 | 18 | 19 | 19 | 19 | 19 | 19 | ||||||||
Additional paid-in capital (USD, thousands) | 694,967 | 694,967 | 728,842 | 755,449 | 786,396 | 813,683 | 813,683 | 848,756 | ||||||||
Accumulated other comprehensive loss (USD, thousands) | (183) | (183) | (572) | (165) | (297) | (233) | (233) | 326 | ||||||||
Accumulated deficit (USD, thousands) | (134,931) | (134,931) | (172,863) | (207,752) | (231,823) | (252,057) | (252,057) | (276,385) | ||||||||
Total shareholders’ equity (USD, thousands) | 559,871 | 559,871 | 555,425 | 547,551 | 554,295 | 561,412 | 561,412 | 572,716 | ||||||||
Total liabilities and shareholders' equity (USD, thousands) | 657,655 | 657,655 | 638,660 | 650,334 | 670,789 | 688,968 | 688,968 | 701,918 | ||||||||
Cash Flow - Metric | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | FY 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | FY 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | FY 2025 | Q1 2026 |
Net loss (USD, thousands) | (60,607.00) | (169,417) | (37,932) | (34,889.00) | (24,071.00) | (20,234.00) | (117,126) | (24,328) | ||||||||
Depreciation and amortization (USD, thousands) | 6,411.00 | 24,813 | 6,354 | 6,401.00 | 6,479.00 | 6,826.00 | 26,060 | 6,748 | ||||||||
Amortization (accretion) of premium (discount) on marketable debt securities, net (USD, thousands) | (197.00) | (1,154) | (205) | (166.00) | (120.00) | (91.00) | (582) | (70) | ||||||||
Stock-based compensation (USD, thousands) | 28,520.00 | 111,316 | 26,036 | 27,612.00 | 26,847.00 | 27,308.00 | 107,803 | 26,130 | ||||||||
Other non-cash items, net (USD, thousands) | 55.00 | 1,121 | 478 | 31.00 | (247.00) | 240.00 | 502 | (239) | ||||||||
Net cash provided by operating activities (USD, thousands) | (4,032.00) | 19,024 | (14,951) | 16,738.00 | 6,619.00 | 25,430.00 | 33,836 | 14,801 | ||||||||
Purchases of investments (USD, thousands) | 255.00 | (34,178) | (6,653) | (1,608.00) | (49,082.00) | (13,327.00) | (70,670) | (21,048) | ||||||||
Sales of investments (USD, thousands) | 1,840.00 | 7,062 | 7,195 | 2,044.00 | 8,627.00 | 3,521.00 | 21,387 | 1,428 | ||||||||
Maturities of investments (USD, thousands) | 2,625.00 | 46,935 | 2,725 | 5,750.00 | 7,138.00 | 3,525.00 | 19,138 | 8,031 | ||||||||
Purchase of tangible and intangible assets (USD, thousands) | (1,930.00) | (11,977) | (1,132) | (2,564.00) | (2,500.00) | (4,185.00) | (10,381) | (4,565) | ||||||||
Net cash provided by (used in) investing activities (USD, thousands) | 2,790.00 | 7,842 | 2,135 | 3,622.00 | (35,817.00) | (10,466.00) | (40,526) | (16,154) | ||||||||
Proceeds from exercise of stock options and employee stock purchase plan (USD, thousands) | 3,624.00 | 10,536 | 2,903 | 3,047.00 | 3,707.00 | 3,868.00 | 13,525 | 2,627 | ||||||||
Long-term financing payment for intangible assets (USD, thousands) | (1,255.00) | (6,030) | (3,191) | (1,292.00) | (1,312.00) | (1,332.00) | (7,127) | (3,177) | ||||||||
Net cash provided by financing activities (USD, thousands) | 2,369.00 | 4,506 | (288) | 1,755.00 | 2,395.00 | 2,536.00 | 6,398 | (1,550) | ||||||||
Net increase (decrease) in cash, cash equivalents and restricted cash (USD, thousands) | 1,127.00 | 31,372 | (13,104) | 22,115.00 | (26,803.00) | 17,500.00 | (292) | (2,903) | ||||||||
Cash paid for income taxes (USD, thousands) | 1,613.00 | 7,112 | 1,084 | 668.00 | 484.00 | (818.00) | 1,418 | 294 | ||||||||
Deferred income taxes (USD, thousands) | 19,042 | 19,042 | 119 | 71 | - | (119) | (119) | 6,119 | ||||||||
Cash, cash equivalents and restricted cash at beginning of period (USD, thousands) | 113,549 | 113,549 | 144,921 | 144,921 | 144,921 | 144,921 | 144,921 | 144,629 | ||||||||
Cash, cash equivalents and restricted cash at end of period (USD, thousands) | 144,921 | 144,921 | 131,817 | 153,932 | 127,129 | 144,629 | 144,629 | 141,726 | ||||||||
Unpaid liabilities related to tangible and intangible assets purchases (USD, thousands) | 6,880 | 6,880 | 298 | 333 | 763 | 4,213 | 4,213 | 3,519 | ||||||||
Revenue by Geography - in Millions of USD | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | FY 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | FY 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | FY 2025 | Q1 2026 |
Taiwan | 28.31 | 119.601 | 33.69 | 39.83 | 54.612 | 51.19 | 179.324 | - | ||||||||
- Asia Pacific (excluding Taiwan) | 13.13 | 58.506 | 12.75 | 13.62 | 15.733 | 19.56 | 61.663 | - | ||||||||
Europe | 2.89 | 11.949 | 4.20 | 5.74 | 5.991 | 6.85 | 22.778 | - | ||||||||
- North America (excluding US) | 1.35 | 25.754 | 2.77 | 3.51 | 5.756 | 6.04 | 18.074 | - | ||||||||
United States | 5.93 | 10.664 | 1.07 | 1.02 | 0.561 | 0.38 | 3.026 | - | ||||||||
Total Revenue | 51.61 | 226.474 | 54.47 | 63.72 | 82.653 | 84.02 | 284.865 | - | ||||||||
KPIs - Metric (Unit, Scale) | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | FY 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | FY 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | FY 2025 | Q1 2026 |
Remaining performance obligations on contracts (USD millions) | - | 6.9 | - | - | - | - | 47.0 | - | ||||||||
Percentage of remaining performance obligations recognized within next 12 months (percentage) | - | 96 | - | - | - | - | 77 | - |