Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.
Outlined bar is the consensus estimate; solid is reported.
Periods without a consensus estimate or a reported figure show a dash.
| Period | EPS estimate | EPS actual | EPS surprise % | Revenue estimate | Revenue actual | Revenue surprise % |
|---|---|---|---|---|---|---|
| Q2 26 | -$0.2 | -$0.21 | -5.0% | — | $318K | — |
| Q1 26 | -$0.2 | -$0.19 | +5.0% | — | $215K | — |
| Q4 25 | -$0.17 | -$0.23 | -35.3% | — | $650K | — |
| Q3 25 | -$0.21 | -$0.2 | +4.8% | — | $378K | — |
| Q2 25 | -$0.21 | -$0.24 | -14.3% | — | $593K | — |
| Q1 25 | -$0.22 | -$0.21 | +4.5% | — | $1.2M | — |
| Q4 24 | -$0.22 | -$0.25 | -13.6% | — | $665K | — |
| Q3 24 | -$0.19 | -$0.24 | -26.3% | — | $1.7M | — |
| Q2 24 | -$0.18 | -$0.22 | -22.2% | — | $1.3M | — |
| Q1 24 | -$0.2 | -$0.22 | -10.0% | — | $898K | — |
| Q4 23 | -$0.22 | -$0.25 | -13.6% | — | $338K | — |
| Q3 23 | -$0.23 | -$0.24 | -4.3% | — | $744K | — |
| Q2 23 | -$0.24 | -$0.22 | +8.3% | — | $3.4M | — |
| Q1 23 | -$0.24 | -$0.26 | -8.3% | — | $1.3M | — |
| Q4 22 | -$0.25 | -$0.21 | +16.0% | — | $1.6M | — |
| Q3 22 | -$0.28 | -$0.3 | -7.1% | — | $2.4M | — |
Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.
Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.
Periods without a consensus estimate or a reported figure show a dash.
| Period | EPS estimate | EPS actual | EPS surprise % | Revenue estimate | Revenue actual | Revenue surprise % |
|---|---|---|---|---|---|---|
| FY25 | — | -$0.84 | — | — | $2.8M | — |
| FY24 | — | -$0.94 | — | — | $4.5M | — |
| FY23 | — | -$1.2 | — | — | $5.7M | — |
| FY22 | — | -$1.15 | — | — | $5.7M | — |
| FY21 | — | -$2.08 |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Revenue | $2.1M | $4.8M | $4.8M | $5.7M | $5.7M | $4.5M | $2.8M |
| YoY change | — | +132% | +0.04% | +20.2% | -0.5% | -20.7% | -38.2% |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | Q3 23 | Q4 23 |
|---|
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Revenue | 2.1M | 4.8M | 4.8M | 5.7M | 5.7M | 4.5M | 2.8M |
| Cost of revenue | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — |
| Research & development | 4.3M | 11.4M | 44.6M | 58.9M | 48.1M | 63.9M | 81.4M |
| Selling, general & administrative | 3.5M | 5.5M | 28.8M | 40.6M | 37.8M | 36.2M | 35.1M |
| Operating expenses | 7.8M | 16.9M | 73.4M | 99.5M | 85.9M | 100M | 116.5M |
| Operating income | -6.3M | -13.3M | -75.2M | -106.8M | -94.2M | -108.9M | -125.4M |
| Operating margin | -304.1% | -278.3% | -1.6K% | -1.9K% | -1.6K% | -2.4K% | -4.5K% |
| Non-operating income, net | -51K | -418K | -31.2M | 2.4M | -15.3M | 6.4M | 10.5M |
| Pretax income | -6.6M | -14.4M | -109.9M | -105.4M | -110.5M | -103M | -115.1M |
| Income tax | — | 0 | -8.9M | -461K | 100K | 70K | 69K |
| Net income | -6.6M | -14.4M | -101M | -104.9M | -110.6M | -103.1M | -115.2M |
| Net margin | -319.6% | -300.3% | -2.1K% | -1.8K% | -1.9K% | -2.3K% | -4.1K% |
| EBITDA | -5.8M | -12.6M | -99.8M | -91.3M | -74.1M | -89.1M | -108.3M |
| EPS | -0.26 | -0.55 | -2.08 | -1.15 | -1.2 | -0.94 | -0.84 |
| Diluted EPS | -0.26 | -0.55 | -2.08 | -1.15 | -1.2 | -0.94 | -0.84 |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 744K | 338K | 898K | 1.3M | 1.7M | 665K | 1.2M | 593K | 378K | 650K | 215K | 318K |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Research & development | 11M | 12.3M | 12.2M | 15.3M | 18M | 18.4M | 16.4M | 20.5M | 19.2M | 25.3M | 19.3M | 22.6M |
| Selling, general & administrative | 9.5M | 9.3M | 8.7M | 9.3M | 9.3M | 8.8M | 9.5M | 8.5M | 8.4M | 8.6M | 9.1M | 9.2M |
| Operating expenses | 20.5M | 21.6M | 21M | 24.6M | 27.2M | 27.2M | 25.8M | 29M | 27.7M | 34M | 28.3M | 31.8M |
| Operating income | -23.3M | -24.7M | -23.5M | -26.7M | -28.9M | -29.8M | -27.7M | -31.4M | -30.2M | -36.1M | -30.8M | -34.2M |
| Operating margin | -3.1K% | -7.3K% | -2.6K% | -2.1K% | -1.7K% | -4.5K% | -2.4K% | -5.3K% | -8K% | -5.6K% | -14.3K% | -10.7K% |
| Non-operating income, net | 1.6M | 1.4M | 1.7M | 2.1M | 1.7M | 921K | 1.5M | 1M | 1.6M | 6.4M | 1.3M | 990K |
| Pretax income | -22M | -23.5M | -22M | -24.8M | -27.4M | -29M | -26.4M | -30.4M | -28.6M | -29.7M | -29.6M | -33.2M |
| Income tax | 34K | 48K | 12K | 0 | 37K | 21K | -4K | 131K | 104K | -162K | 18K | 40K |
| Net income | -22M | -23.5M | -22M | -24.8M | -27.4M | -29M | -26.3M | -30.6M | -28.7M | -29.6M | -29.6M | -33.2M |
| Net margin | -3K% | -7K% | -2.4K% | -1.9K% | -1.6K% | -4.4K% | -2.2K% | -5.2K% | -7.6K% | -4.5K% | -13.8K% | -10.4K% |
| EBITDA | -18.2M | -19.8M | -18.4M | -21.2M | -23.9M | -25.6M | -23.2M | -27.4M | -25.7M | -26.9M | -26.8M | -30.5M |
| EPS | -0.24 | — | -0.22 | -0.22 | -0.24 | -0.25 | -0.21 | -0.24 | -0.2 | -0.2 | -0.19 | -0.21 |
| Diluted EPS | -0.24 | — | -0.22 | -0.22 | -0.24 | -0.25 | -0.21 | -0.24 | -0.2 | -0.2 | -0.19 | -0.21 |
Annual history by fiscal year; click a table row below to chart a different metric.
Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Market cap | — | — | — | — | 386.5M | — | — | 1.6B |
| Enterprise value | — | — | — | — | 304.8M | — | — | 1.4B |
| Shares outstanding | 90.4M | 90.4M | 49.7M | 90.8M | 92M | 110.2M | 136.8M | 136.8M |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | -11.3 |
| P/S | — | — | — | — | 67.6 | — | — | 1K |
| P/B | — | — | — | — | 2.19 | — | — | 6.61 |
| EV/EBITDA | — | — | — | — | -4.11 | — | — | -12 |
| EV/Sales | — | — | — | — | 53.3 | — | — | 916.9 |
| Earnings yield | — | — | — | — | — | — | — | -8.85% |
| FCF yield | — | — | — | — | -16.9% | — | — | -3.11% |
| PEG | — | — | — | — | — | — | — | 0.9 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Operating margin | -304.1% | -278.3% | -1.6K% | -1.9K% | -1.6K% | -2.4K% | -4.5K% | -10.7K% |
| Net margin | -319.6% | -300.3% | -2.1K% | -1.8K% | -1.9K% | -2.3K% | -4.1K% | 0% |
| ROE | 16% | 16% | -27.6% | -38.2% | -62.8% | -57.6% | -60.8% | -57.7% |
| ROA | -33.8% | -16.2% | -23.7% | -32.7% | -50.9% | -48.3% | -53.3% | -34.1% |
| ROIC | — | 9.19% | -56.3% | -80.3% | -99.7% | -141.8% | -248.6% | -269% |
| Return on tangible assets | -34.8% | -16.2% | -36.9% | -59.9% | -91.5% | -83.3% | -86.4% | -64.1% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Current ratio | 3.94 | 7.25 | 8.07 | 6.17 | 4.08 | 4.67 | 6.57 | 10.6 |
| Quick ratio | 3.94 | 7.25 | 8.07 | 6.17 | 4.08 | 4.67 | 6.57 | 10.6 |
| Debt / equity | -0.15 | -0.16 | 0.05 | 0.08 | 0.09 | 0.06 | 0.03 | 0.02 |
| Debt / assets | 0.31 | 0.16 | 0.05 | 0.07 | 0.07 | 0.05 | 0.02 | 0.01 |
| Net debt / EBITDA | 1.21 | 4.4 | 2.33 | 1.55 | 1.1 | 1.15 | 1.28 | 1.8 |
| Interest coverage | -23.6 | -21.6 | -31 | -107.4 | -108.4 | -181.4 | -549.8 | -1.3K |
| Effective tax rate | — | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0.02 | 0.05 | 0.1 | 0.06 | 0.06 | 0.04 | 0.02 | 0.01 |
| EPS (basic) | -0.26 | -0.55 | -2.08 | -1.15 | -1.2 | -0.94 | -0.84 | -0.84 |
| EPS (diluted) | -0.26 | -0.55 | -2.08 | -1.15 | -1.2 | -0.94 | -0.84 | -0.77 |
| Book value per share | -0.46 | -0.99 | 7.37 | 3.02 | 1.91 | 1.62 | 1.39 | 1.44 |
| FCF per share | -0.08 | -0.15 | -1.99 | -1.07 | -0.71 | -0.66 | -0.69 | -0.69 |
| Cash per share | 0.14 | 0.77 | 5.08 | 1.81 | 1.06 | 1.02 | 1.05 | 1.17 |
| Capex per share | 0.01 | 0.02 | 0.77 | 0.18 | 0.01 | 0 | — | — |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Capex / revenue | 52.9% | 45.4% | 795.6% | 279.1% | 10.6% | 11.8% | — | — |
| Capex / operating cash flow | -18% | -19% | -66% | -19.7% | -0.72% | -0.79% | — | — |
| Payout ratio | — | — | — | — | — | — | — | 0% |
| — |
| — |
| $4.8M |
| — |
| FY20 | — | -$0.55 | — | — | $4.8M | — |
| FY19 | — | -$0.26 | — | — | $2.1M | — |
| Q1 24 |
|---|
| Q2 24 |
|---|
| Q3 24 |
|---|
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $744K | $338K | $898K | $1.3M | $1.7M | $665K | $1.2M | $593K | $378K | $650K | $215K | $318K |
| YoY change | -68.6% | -78.3% | -29.2% | -62.3% | +128.6% | +96.7% | +31.3% | -53.3% | -77.8% | -2.26% | -81.8% | -46.4% |
What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.
Click a row to chart it; unreported figures show a dash.
| Period | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 13.1M | 69.9M | 252.6M | 164.4M | 97.7M | 112.4M | 144.3M |
| Receivables | — | — | — | — | — | 0 | — |
| Inventory | — | — | — | — | — | — | — |
| Total current assets | 13.6M | 73.2M | 273.1M | 186.9M | 120.6M | 133.8M | 149.6M |
| Property, plant & equipment | 5M | 13.4M | 58.7M | 58M | 45.8M | 33.1M | 23.8M |
| Goodwill & intangibles | 566K | 188K | 152.7M | 145.9M | 96.5M | 89.8M | 83M |
| Total assets | 19.5M | 88.6M | 426.2M | 321M | 217.3M | 213.6M | 216.3M |
| Accounts payable | 268K | 2.1M | 8.4M | 2.4M | 1.5M | 3.5M | 2.8M |
| Short-term debt | 1.9M | 3.8M | 6.7M | 6.9M | 5.6M | 4.4M | 2.7M |
| Total current liabilities | 3.5M | 10.1M | 33.9M | 30.3M | 29.6M | 28.7M | 22.8M |
| Long-term debt | 4.1M | 10.7M | 13.3M | 16.1M | 10.4M | 5.7M | 2.6M |
| Total liabilities | 60.6M | 178M | 60.1M | 46.6M | 41.1M | 34.5M | 26.8M |
| Shareholders' equity | -41.2M | -89.4M | 366.1M | 274.4M | 176.2M | 179.1M | 189.4M |
| Total debt | 6M | 14.5M | 20M | 23M | 16M | 10.1M | 5.3M |
| Net debt | -7.1M | -55.4M | -232.6M | -37M | -56.4M | -31.1M | -14.7M |
What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.
Click a row to chart it; unreported figures show a dash.
| Period | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 113.5M | 97.7M | 161.5M | 145.2M | 127.1M | 112.4M | 134M | 117.5M | 152.5M | 144.3M | 125.7M | 201.1M |
| Receivables | — | — | — | — | — | 0 | 1.4M | 700K | 1M | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 134.7M | 120.6M | 181.8M | 165.2M | 150.1M | 133.8M | 156M | 137.4M | 175M | 149.6M | 132M | 208.3M |
| Property, plant & equipment | 49.9M | 45.8M | 43M | 41M | 36.6M | 33.1M | 30.7M | 27.5M | 26.2M | 23.8M | 21.4M | 19.2M |
| Goodwill & intangibles | 98.2M | 96.5M | 94.8M | 93.1M | 91.5M | 89.8M | 88.1M | 86.4M | 84.7M | 83M | 81.5M | 80.1M |
| Total assets | 236.3M | 217.3M | 274.9M | 255.5M | 235.2M | 213.6M | 232.4M | 209.9M | 245M | 216.3M | 195.6M | 268.9M |
| Accounts payable | 1.9M | 1.5M | 1.7M | 1.7M | 1.7M | 3.5M | 4.9M | 8.2M | 4.6M | 2.8M | 8.8M | 7.2M |
| Short-term debt | 6M | 5.6M | 5.2M | 4.9M | 5M | 4.4M | 4.2M | 3.7M | 3.1M | 2.7M | 2.3M | 2.2M |
| Total current liabilities | 28M | 29.6M | 25.3M | 25.5M | 26.7M | 28.7M | 27.3M | 31.3M | 29.7M | 22.8M | 20M | 19.6M |
| Long-term debt | 11.7M | 10.4M | 9.1M | 8.4M | 7M | 5.7M | 4.7M | 3.7M | 3.2M | 2.6M | 2.1M | 1.6M |
| Total liabilities | 39.9M | 41.1M | 34.8M | 34M | 33.9M | 34.5M | 33.7M | 36.5M | 34.7M | 26.8M | 23.6M | 22.8M |
| Shareholders' equity | 196.4M | 176.2M | 240.1M | 221.5M | 201.3M | 179.1M | 198.8M | 173.4M | 210.3M | 189.4M | 172M | 246.1M |
| Total debt | 17.7M | 16M | 14.2M | 13.3M | 12M | 10.1M | 8.9M | 7.4M | 6.2M | 5.3M | 4.4M | 3.8M |
| Net debt | -52M | -56.4M | -44.6M | -29.6M | -26.2M | -31.1M | -38.1M | -30.6M | -3.3M | -14.7M | -4.2M | -104M |
Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.
Click a row to chart it; unreported figures show a dash.
| Period | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Net income | -6.6M | -14.4M | -101M | -104.9M | -110.6M | -103.1M | -115.2M |
| Depreciation & amortization | 491K | 1.1M | 6.7M | 13.1M | 14M | 13.4M | 11.7M |
| Stock-based compensation | 42K | 420K | 10.6M | 12.5M | 11.4M | 19.5M | 18.3M |
| Change in working capital | 8K | 1.4M | 3.9M | -2.2M | 1.1M | 411K | -247K |
| Operating cash flow | -6M | -11.4M | -57.7M | -81.3M | -83.7M | -67.9M | -92.9M |
| Capital expenditure | -1.1M | -2.2M | -38M | -16M | -606K | 535K | — |
| Investing cash flow | -1.1M | -2.2M | -67.4M | -127M | 81.9M | -41.6M | -50.4M |
| Dividends paid | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — |
| Financing cash flow | 12.7M | 71M | 336.2M | 5.2M | -4.5M | 82.5M | 102.6M |
| Net change in cash | 5.6M | 57.4M | 211.1M | -203.1M | -6.2M | -26.9M | -40.7M |
| Free cash flow | -7.1M | -13.2M | -98.6M | -97.5M | -65.5M | -72.8M | -94M |
Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.
Click a row to chart it; unreported figures show a dash.
| Period | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -22M | -23.5M | -22M | -24.8M | -27.4M | -29M | -26.3M | -30.6M | -28.7M | -29.6M | -29.6M | -33.2M |
| Depreciation & amortization | 3.5M | 3.5M | 3.4M | 3.4M | 3.4M | 3.2M | 3.1M | 3M | 2.8M | 2.8M | 2.7M | 2.7M |
| Stock-based compensation | 2.5M | 3.2M | 3.6M | 5.3M | 5.5M | 5.1M | 4.9M | 4.8M | 4.4M | 4.3M | 4.4M | 5.2M |
| Change in working capital | 2.3M | 1.8M | 1.2M | -1.5M | -1.8M | 2.6M | -303K | 3.8M | -3.1M | 456K | -226K | 166K |
| Operating cash flow | -13.5M | -14.3M | -13.8M | -17.6M | -19M | -17.4M | -18.7M | -16.9M | -25M | -29.2M | -26.3M | -27.6M |
| Capital expenditure | -296K | 109K | 149K | -333K | 47K | 672K | 88K | — | — | — | — | — |
| Investing cash flow | 20.1M | 19M | -76.7M | 1.3M | 14.8M | 19M | -15M | 8.2M | -62.7M | 19.3M | 7.4M | 24M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | -924K | -1.2M | 81.2M | 1.5M | 490K | 986K | 40.9M | -1.1M | 59.9M | 3M | 7.5M | 97.9M |
| Net change in cash | 5.7M | 3.4M | -9.3M | -14.9M | -3.7M | 2.6M | 7.2M | -9.8M | -27.9M | -6.9M | -11.4M | 94.3M |
| Free cash flow | -10.7M | -14.9M | -17.9M | -17.2M | -20.8M | -17M | -21.9M | -17.1M | -26M | -29.1M | -26.3M | -27.6M |