Analyst Ratings

Date	Action	Analyst	Rating	Target
May-15-26	Reiterated	Canaccord Genuity	Buy	$5.25 → $4.50
May-08-26	Reiterated	Goldman Sachs	Buy	$4.00 → $3.50
Mar-11-26	Reiterated	UBS	Neutral	$2.00
Feb-28-25	Reiterated	Canaccord Genuity	Buy	$4.75 → $5.25
Aug-12-24	Upgrade	Canaccord Genuity	Hold → Buy	$3.00 → $4.75
Aug-09-24	Upgrade	William Blair	Market Perform → Outperform
Dec-20-23	Upgrade	Wells Fargo	Equal Weight → Overweight
Nov-14-22	Upgrade	Keefe, Bruyette & Woods	Underperform → Market Perform
Nov-14-22	Reiterated	Canaccord Genuity	Hold	$3.00
Jul-25-22	Downgrade	Keefe, Bruyette & Woods	Market Perform → Underperform

Financial Statements

DataTimeframe

Line Item (USD, M)	TTM —	FY 2025 12/31/2025	FY 2024 12/31/2024	FY 2023 12/31/2023
Total Revenue	128	124	162	Upgrade your experience to unlock full historical data
Cost of Goods Sold Incl. D&A	31	32	71
Gross Profit	94	91	91
Selling, General and Administrative Excl. Other	79	79	87
Research and Development	34	33	46
Other Operating Expense	1	0	7
Operating Income	-18	-21	-50
Interest Expense	0	0	7
Unusual Expense	—	—	—
Non-Operating Income (Expense)	-18	-20	-13
Net Income Before Taxes	0	-1	-43
Income Taxes	0	0	0
Consolidated Net Income	-5	-8	-50
Net Income From Continuing Operations	0	-1	-43
Net Income	-5	-8	-50
EPS (Recurring)	-0.09	-0.10	-0.24
EPS (Basic, Before Extraordinaries)	-0.09	-0.10	-0.24
EPS (Diluted)	-0.10	-0.10	-0.24
EBITDA	4	3	-32
Other After Tax Adjustments	—	—	—
Stock Option Compensation Expense	—	—	—
Price To Earnings Ratio	—	—	—
Price To Sales Ratio	3.30	6.35	—
Gross Margin	73.44	73.39	56.17
Operating Margin	-14.06	-16.94	-30.86
Net Margin	-3.91	-6.45	-30.86
Shares Outstanding	256	259	254
Market Capitalization	422	787	—
Operating Lease Expense	—	—	—

Insider Trading

Insider	Relationship	Date	Transaction	Cost	#Shares	Value ($)	#Shares Total	SEC Form 4
Haveli Investments, L.P.	director, 10 percent owner:	Jun 15 '26	Buy	1.72	650,000	1,120,080	18,693,657	Jun 15 12:00 AM
Haveli Investments, L.P.	director, 10 percent owner:	Jun 12 '26	Buy	1.70	256,928	436,161	18,043,657	Jun 15 12:00 AM
Sullivan Bryan Edmund	Director	Jun 11 '26	Option Exercise	0.00	100,000	0	100,000	Jun 15 12:00 AM
Chen Gerald C.	Director	Jun 11 '26	Option Exercise	0.00	100,000	0	137,760	Jun 15 12:00 AM
Lantz Erin N	Director	Jun 11 '26	Option Exercise	0.00	100,000	0	137,760	Jun 15 12:00 AM
Mayopoulos Timothy J	Director	Jun 11 '26	Option Exercise	0.00	100,000	0	431,130	Jun 15 12:00 AM
Woersching Eric H.	Director	Jun 11 '26	Option Exercise	0.00	100,000	0	80,000	Jun 15 12:00 AM
Haveli Investments, L.P.	director, 10 percent owner:	Jun 11 '26	Buy	1.74	250,000	435,125	17,786,729	Jun 15 12:00 AM
Haveli Investments, L.P.	director, 10 percent owner:	Jun 10 '26	Buy	1.67	723,460	1,210,349	17,536,729	Jun 10 12:00 AM
Haveli Investments, L.P.	director, 10 percent owner:	Jun 09 '26	Buy	1.70	178,677	303,876	16,813,269	Jun 10 12:00 AM
Haveli Investments, L.P.	director, 10 percent owner:	Jun 08 '26	Buy	1.70	216,798	368,166	16,634,592	Jun 10 12:00 AM
Haveli Investments, L.P.	director, 10 percent owner:	Jun 05 '26	Buy	1.60	28,299	45,278	16,417,794	Jun 05 12:00 AM
Haveli Investments, L.P.	director, 10 percent owner:	Jun 03 '26	Buy	1.56	240,307	376,056	16,389,495	Jun 05 12:00 AM
Haveli Investments, L.P.	director, 10 percent owner:	May 27 '26	Buy	1.49	1,600	2,391	16,149,188	May 27 12:00 AM
Haveli Investments, L.P.	director, 10 percent owner:	May 26 '26	Buy	1.46	243,805	355,736	16,147,588	May 27 12:00 AM


Market Cap	384.97M	Forward P/E	16.18	EPS next Y	0.10	Insider Trans	5.04%	Shs Float	-	Perf Month	11.49%


Enterprise Value	511.18M	PEG	-	EPS next Q	0.02	Inst Own	-	Short Float	-	Perf Quarter	-0.60%


Income	-5312524.00	P/S	3.02	EPS this Y	156.00%	Inst Trans	-	Short Ratio	-	Perf Half Y	-45.72%


Sales	127.66M	P/B	-	EPS next Y	82.14%	ROA	-3.49%	Short Interest	-	Perf YTD	-45.72%


Book/sh	-0.23	P/C	-	EPS next 5Y	58.11%	ROE	-12.24%	52W High	4.49 -63.25%	Perf Year	-47.45%


Cash/sh	0.25	P/FCF	-	EPS past 3/5Y	-	ROIC	-0.95%	52W Low	1.18 39.83%	Perf 3Y	-


Dividend Est.	-	EV/EBITDA	116.01	Sales past 3/5Y	-19.19% 5.25%	Gross Margin	74.87%	Volatility	5.74% 5.17%	Perf 5Y	-


Dividend TTM	-	EV/Sales	4.00	EPS Y/Y TTM	50.00%	Oper. Margin	-14.42%	ATR (14)	0.13	Perf 10Y	-


Dividend Ex-Date	-	Quick Ratio	1.78	Sales Y/Y TTM	-20.99%	Profit Margin	-4.40%	RSI (14)	50.88	Recom	2.33


Dividend Gr. 3/5Y	-	Current Ratio	1.78	EPS Q/Q	-	SMA20	-0.15%	Beta	1.57	Target Price	3.33


Payout	0.00%	Debt/Eq	-2.96	Sales Q/Q	14.81%	SMA50	5.93%	Rel Volume	2.02	Prev Close	1.59


Employees	540	LT Debt/Eq	-5.16	Earnings	Aug 06	SMA200	-34.21%	Avg Volume	3.70M	Price	1.65


IPO Date	Jul 16, 2021	Option/Short	No / Yes	EPS/Sales Surpr.	-250.00% 3.33%	Net Debt/EBITDA	28.64	Volume	7,496,061	Change	3.77%

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