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 % |
|---|---|---|---|---|---|---|
| Q3 22 | -$0.36 | -$0.15 | +58.3% | — | — | — |
| Q2 22 | -$1.58 | -$1.6 | -1.3% | — | — | — |
| Q1 22 | -$0.36 | -$0.36 | 0.0% | — | — | — |
| Q4 21 | — | -$0.96 | — | — | — | — |
| Q3 21 | -$0.32 | -$0.25 | +21.9% | — | — | — |
| Q2 21 | — | -$1.36 | — | — | — | — |
| Q1 21 | — | -$0.74 | — | — | — | — |
| Q4 20 | -$0.4 | -$0.64 | -60.0% | — | $391.4K | — |
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 | — | -$0.38 | — | — | $7.7M | — |
| FY24 | — | -$0.74 | — | — | $103.2K | — |
| FY23 | — | -$0.44 | — | — | $18.1M | — |
| FY22 | — | -$1.85 | — | — | $9.3M | — |
| FY21 |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.5M | $480K | $700.9K | $10.2M | $9.3M | $18.1M | $103.2K | $7.7M |
| YoY change | — | -68.2% | +46% | +1.4K% | -8.67% | +94.9% | -99.4% | +7.3K% |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | Q4 19 | Q3 20 |
|---|
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1.5M | 480K | 700.9K | 10.2M | 9.3M | 18.1M | 103.2K | 7.7M |
| Cost of revenue | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — |
| Research & development | 16.1M | 16.2M | 33.5M | 68.1M | 81.3M | 36.6M | 28.8M | 22M |
| Selling, general & administrative | 2.8M | 3.4M | 10.3M | 14.4M | 11.9M | 8.7M | 7.3M | 7.1M |
| Operating expenses | 18.8M | 19.6M | 43.9M | 82.5M | 93.2M | 41.8M | 36.1M | 29.1M |
| Operating income | -17.3M | -19.2M | -43.2M | -72.4M | -83.9M | -23.7M | -36M | -21.4M |
| Operating margin | -1.1K% | -4K% | -6.2K% | -711.2% | -903.1% | -131% | -34.8K% | -279.5% |
| Non-operating income, net | 1.4M | 2M | 327.3K | 1.2M | 4.7M | 3.3M | -439.6K | 1.7M |
| Pretax income | -15.3M | -16.4M | -42.4M | -71.5M | -79.5M | -17.3M | -33.4M | -17.9M |
| Income tax | 0 | 0 | 0 | 1.7M | 459.1K | 1.7M | -17.6K | -297.9K |
| Net income | -15.3M | -16.4M | -42.4M | -73.2M | -80M | -18.9M | -33.4M | -17.6M |
| Net margin | -1K% | -3.4K% | -6K% | -719.2% | -860.6% | -104.6% | -32.4K% | -229.6% |
| EBITDA | -14.8M | -16.7M | -40.7M | -69.4M | -79.9M | -16.4M | -30.7M | -18.2M |
| EPS | -0.44 | -0.48 | -1.01 | -1.82 | -1.85 | -0.44 | -0.74 | -0.38 |
| Diluted EPS | -0.44 | -0.48 | -1.01 | -1.82 | -1.85 | -0.44 | -0.74 | -0.38 |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | Q4 19 | Q3 20 | Q4 20 |
|---|---|---|---|
| Revenue | 480K | 0 | 391.4K |
| Cost of revenue | — | — | — |
| Gross profit | — | — | — |
| Gross margin | — | — | — |
| Research & development | 4.7M | 8.7M | 10M |
| Selling, general & administrative | 1.2M | 2.7M | 2.9M |
| Operating expenses | 5.9M | 11.4M | 12.8M |
| Operating income | -5.4M | -11.4M | -12.4M |
| Operating margin | -1.1K% | — | -3.2K% |
| Non-operating income, net | 595.6K | -51.3K | -250.5K |
| Pretax income | -4.6M | -11.4M | -12.8M |
| Income tax | 0 | 0 | 0 |
| Net income | -4.6M | -11.4M | -12.8M |
| Net margin | -961.2% | — | -3.3K% |
| EBITDA | -4.5M | -11.3M | -11.9M |
| EPS | — | — | — |
| Diluted EPS | — | — | — |
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 | 49.1M | 100.5M | 75.2M | 174.4M | 143.8M | 109.9M | 85.2M | 74.5M |
| Receivables | 0 | 480K | 0 | 3M | 0 | — | — | — |
| Inventory | — | — | — | — | — | — | — | — |
| Total current assets | 51.8M | 103.9M | 79.1M | 186M | 149.3M | 113.4M | 87.8M | 77.4M |
| Property, plant & equipment | 2.6M | 1.9M | 2.1M | 3.5M | 2.8M | 1.8M | 1.1M | 717.4K |
| Goodwill & intangibles | — | — | — | — | — | — | — | — |
| Total assets | 54.4M | 105.9M | 84.3M | 189.5M | 152.4M | 115.7M | 89.3M | 78.3M |
| Accounts payable | 559K | 712.7K | 1.8M | 3.3M | 3.7M | 3.1M | 4.2M | 2.9M |
| Short-term debt | 2.3M | 1M | 5M | 4.5M | 13.8M | 8.6M | 17.9M | 5.1M |
| Total current liabilities | 10.3M | 7.2M | 16.1M | 29.8M | 55.1M | 31.5M | 38.2M | 25.2M |
| Long-term debt | — | 1.5M | 3M | 3M | 14.2M | 13.7M | 559.6K | 1.2M |
| Total liabilities | 95.4M | 162.9M | 173.7M | 33M | 69.3M | 45.2M | 38.7M | 42.9M |
| Shareholders' equity | -41M | -57M | -89.4M | 156.6M | 83.1M | 70.6M | 50.5M | 35.3M |
| Total debt | 2.3M | 2.6M | 8M | 7.5M | 28M | 22.3M | 18.5M | 6.3M |
| Net debt | -13.7M | -90M | -67.2M | -166.9M | -115.8M | -87.6M | -66.7M | -68.3M |
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 | Q4 19 | Q3 20 | Q4 20 |
|---|---|---|---|
| Cash & short-term investments | 100.5M | 82.9M | 75.2M |
| Receivables | 480K | 0 | 0 |
| Inventory | — | — | — |
| Total current assets | 103.9M | 86.6M | 79.1M |
| Property, plant & equipment | 1.9M | 1.8M | 2.1M |
| Goodwill & intangibles | — | — | — |
| Total assets | 105.9M | 89.1M | 84.3M |
| Accounts payable | 712.7K | 1.2M | 1.8M |
| Short-term debt | 1M | 3.1M | 5M |
| Total current liabilities | 7.2M | 10.4M | 16.1M |
| Long-term debt | 1.5M | 3.1M | 3M |
| Total liabilities | 162.9M | 13.6M | 173.7M |
| Shareholders' equity | -57M | 75.5M | -89.4M |
| Total debt | 2.6M | 6.3M | 8M |
| Net debt | -90M | -76.6M | -67.2M |
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 |
|---|---|---|---|---|---|---|---|---|---|
| Shares outstanding | 34.4M | 34.4M | 42.2M | 40M | 43.3M | 43.8M | 45M | 47.2M | 47.2M |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Operating margin | -1.1K% | -4K% | -6.2K% | -711.2% | -903.1% | -131% | -34.8K% | -279.5% | -279.5% |
| Net margin | -1K% | -3.4K% | -6K% | -719.2% | -860.6% | -104.6% | -32.4K% | -229.6% | -229.6% |
| ROE | 37.2% | 28.8% | 47.4% | -46.7% | -96.2% | -26.9% | -66.2% | -49.8% | -49.8% |
| ROA | -28.1% | -15.5% | -50.3% | -38.6% | -52.5% | -16.4% | -37.4% | -22.5% | -22.5% |
| ROIC | 19.8% | 12.4% | 27.6% | 699.6% | 256.7% | 139% | 222.2% | 65.1% | 65.1% |
| Return on tangible assets | -28.1% | -15.5% | -50.3% | -38.6% | -52.5% | -16.4% | -37.4% | -22.5% | -22.5% |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 5.01 | 14.5 | 4.9 | 6.24 | 2.71 | 3.61 | 2.3 | 3.07 | 3.07 |
| Quick ratio | 5.01 | 14.5 | 4.9 | 6.24 | 2.71 | 3.61 | 2.3 | 3.07 | 3.07 |
| Debt / equity | -0.06 | -0.04 | -0.09 | 0.05 | 0.34 | 0.32 | 0.37 | 0.18 | 0.18 |
| Debt / assets | 0.04 | 0.02 | 0.09 | 0.04 | 0.18 | 0.19 | 0.21 | 0.08 | 0.08 |
| Net debt / EBITDA | 3.15 | 5.86 | 1.65 | 2.41 | 1.45 | 5.35 | 2.17 | 3.75 | 3.75 |
| Interest coverage | -166.6 | -118 | -208.7 | -195.5 | -113.7 | -14.6 | -38.3 | -37.7 | -37.7 |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0.04 | 0.01 | 0.02 | 0.25 | 0.21 | 0.41 | 0 | 0.16 | 0.16 |
| EPS (basic) | -0.44 | -0.48 | -1.01 | -1.82 | -1.85 | -0.44 | -0.74 | -0.38 | -0.38 |
| EPS (diluted) | -0.44 | -0.48 | -1.01 | -1.82 | -1.85 | -0.44 | -0.74 | -0.38 | -0.38 |
| Book value per share | -1.19 | -1.66 | -2.12 | 3.91 | 1.92 | 1.61 | 1.12 | 0.75 | 0.75 |
| FCF per share | -0.43 | -0.53 | -0.7 | -1.15 | -1.14 | -0.65 | -0.66 | -0.33 | -0.33 |
| Cash per share | 1.43 | 2.92 | 1.78 | 4.36 | 3.32 | 2.51 | 1.89 | 1.58 | 1.58 |
| Capex per share | 0.01 | 0 | 0.02 | 0.06 | 0.02 | — | — | — | — |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Capex / revenue | 33.7% | 30% | 132.3% | 24.7% | 7.38% | — | — | — | — |
| Capex / operating cash flow | -3.74% | -0.95% | -3.23% | -4.61% | -1.33% | — | — | — | — |
| — |
| -$1.82 |
| — |
| — |
| $10.2M |
| — |
| FY20 | — | -$1.01 | — | — | $700.9K | — |
| FY19 | — | -$0.48 | — | — | $480K | — |
| FY18 | — | -$0.44 | — | — | $1.5M | — |
| Q4 20 |
|---|
| Revenue | $480K | $0 | $391.4K |
| YoY change | — | — | -18.5% |
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 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Net income | -15.3M | -16.4M | -42.4M | -73.2M | -80M | -18.9M | -33.4M | -17.6M |
| Depreciation & amortization | 909K | 816.7K | 858.4K | 1.1M | 1.4M | 1.2M | 938.9K | 589.8K |
| Stock-based compensation | 126.5K | 611.7K | 10.1M | 18.7M | 10.5M | 7.3M | 4.9M | 3.7M |
| Change in working capital | 600.2K | -217.3K | 2.7M | -1.1M | 16.4M | -15.5M | 1.1M | 2M |
| Operating cash flow | -13.6M | -15.2M | -28.7M | -54.5M | -51.6M | -28.5M | -29.7M | -15.7M |
| Capital expenditure | -509.5K | -144.1K | -927.3K | -2.5M | -686K | — | — | — |
| Investing cash flow | -29.5M | 24.9M | 7.1M | -2.5M | -686K | 0 | 1.1M | 492.5K |
| Dividends paid | — | — | — | — | — | — | — | — |
| Share repurchases | — | 0 | 0 | -2.4M | -4M | 0 | 0 | — |
| Financing cash flow | 51.1M | 69.2M | 4.3M | 145.1M | 17.5M | -5.4M | 3.6M | 4.3M |
| Net change in cash | 7.9M | 78.9M | -17.3M | 88.2M | -34.7M | -33.8M | -25M | -10.9M |
| Free cash flow | -14.8M | -18.3M | -29.5M | -45.9M | -49.3M | -28.5M | -29.7M | -15.7M |
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 | Q4 19 | Q4 20 |
|---|---|---|
| Net income | -4.6M | -12.8M |
| Depreciation & amortization | 214K | 211.2K |
| Stock-based compensation | 172.8K | 2.1M |
| Change in working capital | -1.1M | 731K |
| Operating cash flow | -5.3M | -9.7M |
| Capital expenditure | -86.6K | -360.9K |
| Investing cash flow | 5.9M | -360.9K |
| Dividends paid | — | — |
| Share repurchases | — | — |
| Financing cash flow | 52.9M | 1.3M |
| Net change in cash | 53.5M | -8.8M |
| Free cash flow | -6.5M | -8.9M |