Reported results
- Revenue of $31.0 million in F1Q27, an increase of 60% compared to the prior year period.
- Gross margin expanded to 56.5% in F1Q27 compared to 45.7% in the prior year period.
- GAAP net loss was $44.1 million compared to GAAP net loss of $25.8 million in the prior year period.
- Adjusted operating expenses (non-GAAP) were $44.2 million compared to $30.3 million in the prior year period.
- Adjusted EBITDA loss (non-GAAP) was $24.0 million compared to an adjusted EBITDA loss of $19.4 million in the prior year period.
- Cash and cash equivalents, and investments totaled $244.7 million as of July 31, 2026.
Guidance
- FY27 revenue guidance increased to $141 million, representing growth of 48% compared to FY26.
Notes
The company increased FY27 revenue guidance from prior guidance of $137 million. GAAP net loss includes a loss on extinguishment of debt of $6.3 million in the current quarter.
Price and volatility reaction
The stock moved +4.7% on the print. No front-expiry chain was on file, so there is no straddle expected move.
| Measure | Value | Basis |
|---|---|---|
| Close before release | 24.06 | 2026-09-14 |
| Close after release | 25.18 | 2026-09-15 |
| Realised move | +4.7% | close to close |
Source
The figures above come from the earnings release the company filed with the SEC on 2026-09-14 (8-K, Item 2.02). Read the original filing on sec.gov.