Revenue
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $233.8M | $201.3M | $186.8M | $188.3M | $159.5M | $114.2M | $93.8M | $76.1M | $51.3M | $39.3M | $34.2M | $36.4M | $39.7M | $36.8M | $33.0M | $23.1M | $18.0M |
| Gross profit | $112.3M | $99.5M | $86.4M | $87.1M | — | $73.1M | $60.4M | $44.4M | $28.8M | $16.9M | $10.8M | $15.2M | $17.1M | $16.1M | $12.1M | $9.6M | $5.4M |
| Gross margin | 48.03% | 49.43% | 46.25% | 46.25% | — | 63.98% | 64.36% | 58.40% | 56.10% | 43.00% | 31.44% | 41.82% | 43.01% | 43.71% | 36.52% | 41.68% | 30.04% |
| Research & development | $67.7M | $58.9M | $67.6M | $64.1M | $63.7M | $64.4M | $60.4M | $42.6M | $33.7M | $31.3M | $25.6M | $21.8M | $15.2M | $7.6M | $7.2M | $5.2M | $6.4M |
| Operating expenses | $148.6M | $134.8M | $146.9M | $147.4M | $145.0M | $131.4M | $126.6M | $99.4M | $86.3M | $80.4M | $71.8M | $59.7M | $45.4M | $33.5M | $30.4M | $27.0M | $29.2M |
| Operating income | −$8.7M | −$14.2M | −$30.1M | −$34.1M | −$48.9M | −$58.3M | −$66.2M | −$55.0M | −$57.5M | −$61.4M | −$61.1M | −$44.5M | −$28.3M | −$17.3M | −$15.9M | −$16.0M | −$23.8M |
| Operating margin | −3.71% | −7.07% | −16.09% | −18.10% | −30.68% | −51.06% | −70.62% | −72.30% | −112.09% | −156.45% | −178.46% | −122.21% | −71.36% | −47.03% | −48.19% | −69.06% | −132.54% |
| EBITDA | −$7.3M | −$12.4M | −$27.5M | −$31.1M | −$45.8M | −$55.2M | −$63.8M | −$53.5M | −$55.7M | −$59.6M | −$59.4M | −$43.1M | −$27.6M | −$16.6M | −$15.0M | −$15.1M | −$23.0M |
| EBITDA margin | −3.10% | −6.14% | −14.70% | −16.51% | −28.70% | −48.34% | −68.06% | −70.40% | −108.56% | −151.83% | −173.50% | −118.32% | −69.48% | −45.01% | −45.40% | −65.36% | −127.72% |
| Net income | −$15.6M | −$20.9M | −$37.5M | −$42.8M | −$54.4M | −$59.9M | −$71.2M | −$57.6M | −$60.6M | −$62.9M | −$55.9M | −$38.8M | −$43.3M | −$15.9M | −$17.0M | −$16.9M | −$24.1M |
| Net profit margin | −6.68% | −10.39% | −20.07% | −22.72% | −34.09% | −52.39% | −75.97% | −75.69% | −118.04% | −160.17% | −163.25% | −106.42% | −109.28% | −43.27% | −51.39% | −73.18% | −134.22% |
| Basic EPSper basic share | -$0.08 | -$0.11 | -$0.21 | -$0.24 | -$0.32 | -$0.37 | -$0.51 | -$0.44 | -$0.56 | -$0.62 | -$0.58 | -$0.52 | -$0.64 | -$0.29 | -$0.35 | -$0.42 | -$0.69 |
| Diluted EPSper diluted share | -$0.08 | -$0.11 | -$0.21 | -$0.24 | -$0.32 | -$0.37 | -$0.51 | -$0.44 | -$0.56 | -$0.62 | -$0.61 | -$0.61 | -$0.64 | -$0.33 | -$0.35 | -$0.42 | -$0.69 |
Reported shareholders
Reported holdings Number of shares
| Holder | Shares held |
|---|---|
BlackRock, Inc. | 22.22M |
ARK Investment Management LLC | 17.93M |
VANGUARD CAPITAL MANAGEMENT LLC | 8.56M |
BAKER BROS. ADVISORS LP | 6.4M |
D. E. Shaw & Co., Inc. | 5.49M |
GEODE CAPITAL MANAGEMENT, LLC | 5.12M |
Greenman William Mariner | 5M |
STATE STREET CORP | 4.75M |
Senvest Management, LLC | 4.61M |
ACADIAN ASSET MANAGEMENT LLC | 4.27M |
Sumitomo Mitsui Trust Group, Inc. | 4.14M |
Amova Asset Management Americas, Inc. | 4.13M |
SILVERCREST ASSET MANAGEMENT GROUP LLC | 4.08M |
TWO SIGMA INVESTMENTS, LP | 3.48M |
SILVERARC CAPITAL MANAGEMENT, LLC | 3.47M |
WASATCH ADVISORS LP | 3.38M |
MACKENZIE FINANCIAL CORP | 3M |
VANGUARD PORTFOLIO MANAGEMENT LLC | 2.77M |
Soleus Capital Management, L.P. | 2.5M |
IEQ CAPITAL, LLC | 2.41M |
Bars compare reported share counts. A matching total for this share class and reporting period is unavailable, so percentages are not shown.
| Transaction | Insider | Type | Shares | Price | Value | Owned after |
|---|---|---|---|---|---|---|
| Jun 9, 2026Form 4 | BJERKHOLT ERICDirector | SellCommon Stock | 20.5K | $2.60 | $53.2K | 261.7K |
| May 29, 2026Form 4 · 10b5-1 | Jayaraman Vivek KChief Operating Officer | SellCommon Stock | 16.7K | $3.00 | $50.0K | 1.66M |
| May 1, 2026Form 4 · 10b5-1 | Jayaraman Vivek KChief Operating Officer | SellCommon Stock | 16.7K | $3.00 | $50.0K | 1.67M |
| Mar 12, 2026Form 4 · 10b5-1 | Jayaraman Vivek KChief Operating Officer | SellCommon Stock | 165.2K | $1.66 | $274.2K | 1.75M |
| Mar 12, 2026Form 4 · 10b5-1 | Green Kevin DennisChief Financial Officer | SellCommon Stock | 127.5K | $1.66 | $211.7K | 1.04M |