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 | -$0.5 | -$0.43 | +14.0% | — | $0 | — |
| Q4 25 | -$0.46 | -$0.49 | -6.5% | — | $0 | — |
| Q2 25 | -$0.59 | -$0.55 | +6.8% | — | — | — |
| Q1 25 | -$0.65 | -$0.51 | +21.5% | — | — | — |
| Q4 24 | -$0.7 | -$0.54 | +22.9% | — | — | — |
| Q3 24 | -$0.59 | -$0.59 | 0.0% | — | — | — |
| Q2 24 | -$0.57 | -$0.52 | +8.8% | — | — | — |
| Q1 24 | -$0.85 | -$0.73 | +14.1% | — | — | — |
| Q4 23 | -$0.69 | -$0.87 | -26.1% | — | — | — |
| Q3 23 | -$0.69 | -$0.66 | +4.3% | — | — | — |
| Q2 23 | -$0.62 | -$0.63 | -1.6% | — | $0 | — |
| Q1 23 | -$0.62 | -$0.58 | +6.5% | — | $0 | — |
| Q4 22 | -$0.81 | -$0.8 | +1.2% | — | $0 | — |
| Q3 22 | — | -$5.17 | — | — | $0 | — |
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 | — | -$2.02 | — | — | $0 | — |
| FY24 | — | -$2.38 | — | — | $0 | — |
| FY23 | — | -$2.74 | — | — | $0 | — |
| FY22 | — | -$7.56 | — | — | $0 | — |
| FY21 | — | -$1.26 | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 |
| YoY change | — | 0% | 0% | 0% | 0% | 0% |
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 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 |
|---|
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — |
| Research & development | 1.9M | 13.7M | 23.9M | 46M | 64M | 60M |
| Selling, general & administrative | 1.3M | 2.5M | 8.7M | 21.1M | 25.2M | 24.1M |
| Operating expenses | 3.2M | 16.2M | 32.7M | 67.1M | 89.2M | 84.1M |
| Operating income | -3.2M | -16.2M | -32.7M | -67.1M | -89.2M | -84.1M |
| Operating margin | — | — | — | — | — | — |
| Non-operating income, net | -2.1M | -59K | 1.5M | 6.7M | -558K | -270K |
| Pretax income | -5.3M | -16.2M | -31.2M | -60.4M | -80.6M | -77.9M |
| Income tax | — | — | — | — | — | — |
| Net income | -5.3M | -16.2M | -31.2M | -60.4M | -80.6M | -77.9M |
| Net margin | — | — | — | — | — | — |
| EBITDA | -3.2M | -16.1M | -32.3M | -66.6M | -88.2M | -82.8M |
| EPS | -0.41 | -1.26 | -7.56 | -2.74 | -2.38 | -2.02 |
| Diluted EPS | -0.41 | -1.26 | -7.56 | -2.74 | -2.38 | -2.02 |
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 | — | — | — | — | — | — | — | — | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Research & development | — | — | — | — | — | — | — | — | 13.6M | 14.7M | 15.2M | 13.8M |
| Selling, general & administrative | — | — | — | — | — | — | — | — | 6M | 5.4M | 4.7M | 4.8M |
| Operating expenses | — | — | — | — | — | — | — | — | 19.7M | 20.1M | 19.9M | 18.7M |
| Operating income | -16.1M | -21.1M | -17.7M | -21.4M | -25.1M | -25M | -21.7M | -22.6M | -19.7M | -20.1M | -19.9M | -18.7M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | — | — | — | — | — | — | — | — | -53K | -116K | -129K | -156K |
| Pretax income | — | — | — | — | — | — | — | — | -18.2M | -19M | -19M | -18M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — |
| Net income | — | — | — | — | — | — | — | — | -18.2M | -19M | -19M | -18M |
| Net margin | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA | — | — | — | — | — | — | — | — | -19.3M | -19.8M | -19.5M | -18.3M |
| EPS | -0.66 | — | -0.73 | -0.52 | -0.59 | -0.6 | -0.51 | -0.55 | -0.47 | — | -0.49 | -0.43 |
| Diluted EPS | -0.66 | — | -0.73 | -0.52 | -0.59 | -0.6 | -0.51 | -0.55 | -0.47 | — | -0.49 | -0.43 |
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 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Market cap | — | — | — | — | — | — | — | — | 88.3M |
| Enterprise value | — | — | — | — | — | — | — | — | 2.1M |
| Shares outstanding | — | — | 12.9M | 12.9M | 4.1M | 22.1M | 33.8M | 38.5M | 38.5M |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | — | -1.01 |
| P/B | — | — | — | — | — | — | — | — | 1.04 |
| EV/EBITDA | — | — | — | — | — | — | — | — | -0.03 |
| Earnings yield | — | — | — | — | — | — | — | — | -98.5% |
| FCF yield | — | — | — | — | — | — | — | — | -45.1% |
| PEG | — | — | — | — | — | — | — | — | 0.05 |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | — | — | — | 0% |
| Net margin | — | — | — | — | — | — | — | — | 0% |
| ROE | — | — | 63.1% | 68.2% | -18.3% | -49.8% | -45.6% | -69.2% | -64.6% |
| ROA | — | — | -242.8% | -15.2% | -17.2% | -43.7% | -41% | -60.1% | -38% |
| Return on tangible assets | — | — | -242.8% | -15.2% | -17.2% | -43.7% | -41% | -60.1% | -74.9% |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Current ratio | — | — | 2.8 | 34.5 | 20.3 | 9.75 | 10.6 | 7.69 | 7.99 |
| Quick ratio | — | — | 2.8 | 34.5 | 20.3 | 9.75 | 10.6 | 7.69 | 7.99 |
| Debt / equity | — | — | -0.01 | -0.24 | 0.03 | 0.04 | 0.02 | 0.02 | 0.02 |
| Debt / assets | — | — | 0.03 | 0.05 | 0.03 | 0.03 | 0.02 | 0.02 | 0.02 |
| Net debt / EBITDA | — | — | 0.48 | 5.82 | 3.8 | 1.84 | 1.99 | 1.4 | 1.14 |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | — | — | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (basic) | — | — | -0.41 | -1.26 | -7.56 | -2.74 | -2.38 | -2.02 | -2.02 |
| EPS (diluted) | — | — | -0.41 | -1.26 | -7.56 | -2.74 | -2.38 | -2.02 | -1.88 |
| Book value per share | — | — | -0.65 | -1.84 | 41.4 | 5.49 | 5.23 | 2.92 | 2.02 |
| FCF per share | — | — | -0.22 | -1.1 | -7.83 | -1.99 | -2.03 | -1.7 | -1.53 |
| Cash per share | — | — | 0.12 | 7.72 | 31 | 5.77 | 5.31 | 3.08 | 2.1 |
| Capex per share | — | — | 0 | 0.02 | 0.53 | 0.06 | 0.08 | — | — |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Capex / operating cash flow | — | — | -0.48% | -1.66% | -7.52% | -2.89% | -3.95% | — | — |
| Payout ratio | — | — | — | — | — | — | — | — | 0% |
| Dividend yield | — | — | — | — | — | — | — | — | 80% |
Split-adjusted payout per share by ex-dividend date.
| Ex-dividend | Amount |
|---|---|
| Dec 21, 2022 | $0.1367 |
| Nov 16, 2022 | $0.1367 |
| Oct 19, 2022 | $0.1367 |
| Sep 19, 2022 | $0.1367 |
| Aug 17, 2022 | $0.1367 |
| Jul 20, 2022 | $0.1367 |
| Jun 22, 2022 | $0.1367 |
| May 18, 2022 | $0.1367 |
| — |
| $0 |
| — |
| FY20 | — | -$0.41 | — | — | $0 | — |
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | — | — | — | — | — | — | — | — | $0 | $0 | $0 | $0 |
| YoY change | — | — | — | — | — | — | — | — | — | — | — | — |
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 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 207.2M | 436.4M | 1.6M | 99.6M | 127.8M | 127.5M | 179.5M | 118.6M |
| Receivables | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — |
| Total current assets | — | — | 1.7M | 100.4M | 132.1M | 129.7M | 181.6M | 120.4M |
| Property, plant & equipment | — | — | 137K | 5.8M | 6.9M | 7.9M | 8M | 7.4M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — |
| Total assets | — | — | 2.2M | 106.6M | 181.2M | 138.3M | 196.6M | 129.7M |
| Accounts payable | 273.6M | 440.7M | 136K | 964K | 904K | 5M | 758K | 2.3M |
| Short-term debt | — | — | 58K | 664K | 726K | 877K | 1.1M | 1.2M |
| Total current liabilities | 273.6M | 440.7M | 613K | 2.9M | 6.5M | 13.3M | 17.2M | 15.7M |
| Long-term debt | 473.5M | 587.1M | 0 | 5M | 4.2M | 3.8M | 2.6M | 1.5M |
| Total liabilities | 747.2M | 1B | 10.6M | 130.4M | 10.8M | 17.1M | 19.8M | 17.2M |
| Shareholders' equity | -73.3M | -82.9M | -8.4M | -23.8M | 170.5M | 121.2M | 176.8M | 112.5M |
| Total debt | 473.5M | 587.1M | 58K | 5.6M | 5M | 4.6M | 3.6M | 2.7M |
| Net debt | 266.3M | 150.8M | -1.5M | -94M | -24.6M | -31.4M | -36.2M | -38.8M |
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 | — | — | — | — | — | — | — | — | 129.3M | 118.6M | 97.7M | 90M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | — | — | — | — | — | — | — | — | 130.4M | 120.4M | 99.2M | 91.5M |
| Property, plant & equipment | — | — | — | — | — | — | — | — | 8M | 7.4M | 6.9M | 6.2M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | — | — | — | — | — | — | — | — | 145.3M | 129.7M | 107.8M | 99.1M |
| Accounts payable | 1.5M | 5M | 2.1M | 1.3M | 1.5M | 758K | 3.7M | 1.2M | 996K | 2.3M | 1.2M | 861K |
| Short-term debt | — | — | — | — | — | — | — | — | 1.2M | 1.2M | 1.2M | 1.1M |
| Total current liabilities | — | — | — | — | — | — | — | — | 14.9M | 15.7M | 11.1M | 11.4M |
| Long-term debt | — | — | — | — | — | — | — | — | 1.8M | 1.5M | 1.3M | 980K |
| Total liabilities | — | 17.1M | 12.5M | 14.5M | 17.8M | 19.8M | 16M | 15.5M | 16.7M | 17.2M | 12.3M | 12.4M |
| Shareholders' equity | — | — | — | — | — | — | — | — | 128.6M | 112.5M | 95.5M | 86.7M |
| Total debt | — | — | — | — | — | — | — | — | 3M | 2.7M | 2.4M | 2.1M |
| Net debt | — | — | — | — | — | — | — | — | -32.4M | -38.8M | -31.6M | -39.3M |
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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Net income | -5.3M | -16.2M | -31.2M | -60.4M | -80.6M | -77.9M |
| Depreciation & amortization | 13K | 37K | 364K | 536K | 1M | 1.4M |
| Stock-based compensation | 3K | 497K | 2.2M | 11.6M | 14.3M | 14.7M |
| Change in working capital | 81K | 226K | -912K | 2.9M | -5.8M | 737K |
| Operating cash flow | -3.1M | -14.3M | -28.8M | -44.6M | -70.2M | -63.7M |
| Capital expenditure | -15K | -238K | -2.2M | -1.3M | -2.8M | — |
| Investing cash flow | -15K | -238K | -141.7M | 50.7M | -51.8M | 67.8M |
| Dividends paid | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — |
| Financing cash flow | 2.9M | 112.2M | 101.7M | -2.3M | 60.9M | -750K |
| Net change in cash | -236K | 97.6M | -68.8M | 3.8M | -61M | 3.4M |
| Free cash flow | -2.8M | -14.2M | -32.3M | -43.9M | -68.4M | -65.3M |
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 | -14.5M | -19.3M | -16.5M | -18.8M | -22.4M | -22.8M | -19.7M | -21M | -18.2M | -19M | -19M | -18M |
| Depreciation & amortization | 133K | 149K | 224K | 228K | 251K | 303K | 311K | 335K | 349K | 361K | 383K | 405K |
| Stock-based compensation | 3.2M | 3.1M | 3.3M | 3.6M | 3.7M | 3.7M | 3.8M | 3.9M | 3.9M | 3.1M | 2.2M | 2.2M |
| Change in working capital | -105K | 3M | -2.5M | -1.2M | -404K | -599K | 2.7M | -2.8M | -283K | 1.1M | -1.5M | -514K |
| Operating cash flow | -11M | -12.9M | -15.2M | -15.9M | -18.7M | -19.2M | -12.6M | -16.6M | -12.3M | -15.2M | -20.5M | -14.9M |
| Capital expenditure | 0 | -1.2M | -815K | -137K | -989K | -827K | -58K | — | — | — | — | — |
| Investing cash flow | 1.5M | 20.5M | 5.8M | -88M | 16M | 14.4M | 19.2M | 19.9M | 6.8M | 21.7M | 13.1M | 15M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 0 | — | -251K | -6.7M | -1.5M | -647K | -344K | -97K | -117K | -192K | -33K | -38K |
| Net change in cash | -9.5M | 7.6M | -9.6M | -110.6M | -4.2M | -5.4M | 6.2M | 3.2M | -5.6M | 6.3M | -7.4M | 134K |
| Free cash flow | -9.8M | -13.5M | -17.9M | -14M | -18.3M | -18.2M | -19.6M | -17.1M | -13.2M | -15.5M | -20.6M | -14.9M |