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 | -$0.27 | -$0.3 | -11.1% | — | $0 | — |
| Q1 26 | -$0.29 | -$0.31 | -6.9% | — | $0 | — |
| Q4 25 | -$0.31 | -$0.16 | +48.4% | — | $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 | — | -$1.51 | — | — | $0 | — |
| FY23 | — | -$2.85 | — | — | $300K | — |
| FY22 | — | -$1.77 | — | — | $189K | — |
| FY21 | — | -$1.49 | — | — | $270K | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY21 | FY22 | FY23 | FY25 |
|---|---|---|---|---|
| Revenue | $270K | $189K | $300K | $0 |
| YoY change | — | -30% | +58.7% | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | Q1 23 | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY21 | FY22 | FY23 | FY25 |
|---|---|---|---|---|
| Revenue | 270K | 189K | 300K | 0 |
| Cost of revenue | 1.2M | 875K | 1.3M | 684K |
| Gross profit | -888K | -686K | -1M | -684K |
| Gross margin | -328.9% | -363% | -335.3% | — |
| Research & development | 15.4M | 17.9M | 15.4M | 10.6M |
| Selling, general & administrative | 4.4M | 5.4M | 11.5M | 10.6M |
| Operating expenses | 19.8M | 23.2M | 26.9M | 21.2M |
| Operating income | -20.6M | -23.9M | -27.9M | -21.9M |
| Operating margin | -7.6K% | -12.7K% | -9.3K% | — |
| Non-operating income, net | 704K | 338K | -8.5M | -765K |
| Pretax income | -19.9M | -23.7M | -38.1M | -25.1M |
| Income tax | — | — | — | — |
| Net income | -19.9M | -23.7M | -38.1M | -25.1M |
| Net margin | -7.4K% | -12.5K% | -12.7K% | — |
| EBITDA | -20.3M | -23M | -27.4M | -21.2M |
| EPS | -1.49 | -1.77 | -2.85 | -1.51 |
| Diluted EPS | -1.49 | -1.77 | -2.85 | -1.51 |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | Q1 23 | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 60K | — | 78K | — | — | — | — | — | 0 | 0 | 0 | 0 |
| Cost of revenue | 318K | — | 334K | — | — | — | — | — | 31K | 58K | 0 | 0 |
| Gross profit | -258K | — | -256K | — | — | — | — | — | -31K | -58K | 0 | 0 |
| Gross margin | -430% | — | -328.2% | — | — | — | — | — | — | — | — | — |
| Research & development | 4.8M | — | 1.8M | — | — | — | — | — | 2.8M | 2.2M | 2.7M | 2.5M |
| Selling, general & administrative | 1.6M | — | 3.3M | — | — | — | — | — | 2.9M | 1.7M | 2.5M | 2.5M |
| Operating expenses | 6.4M | — | 5.1M | — | — | — | — | — | 5.7M | 3.9M | 5.2M | 4.9M |
| Operating income | -6.7M | — | -5.3M | — | — | — | — | — | -5.7M | -4M | -5.2M | -4.9M |
| Operating margin | -11.1K% | — | -6.8K% | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | -2.4M | — | -3.2M | — | — | — | — | — | -3.7M | 1.3M | -1.1M | -1.1M |
| Pretax income | -9.3M | — | -9.1M | — | — | — | — | — | -10.1M | -3.3M | -7M | -6.7M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — |
| Net income | -9.3M | — | -9.1M | — | — | — | — | — | -10.1M | -3.3M | -7M | -6.7M |
| Net margin | -15.5K% | — | -11.7K% | — | — | — | — | — | — | — | — | — |
| EBITDA | -6.5M | — | -5.1M | — | — | — | — | — | -8.9M | -2.6M | -5.9M | -5.9M |
| EPS | -0.69 | -0.8 | — | -0.6 | -0.05 | — | -0.5 | -0.26 | -0.66 | -0.16 | -0.31 | -0.3 |
| Diluted EPS | -0.69 | -0.8 | — | -0.6 | -0.43 | — | -0.51 | -0.35 | -0.66 | -0.21 | -0.31 | -0.3 |
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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Market cap | — | — | — | — | — | — | 3.8M |
| Enterprise value | — | — | — | — | — | — | 22.6M |
| Shares outstanding | — | 13.4M | 13.4M | 13.4M | — | 16.6M | 16.6M |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | -0.11 |
| P/B | — | — | — | — | — | — | -9.14 |
| EV/EBITDA | — | — | — | — | — | — | -1.19 |
| Earnings yield | — | — | — | — | — | — | -884.6% |
| FCF yield | — | — | — | — | — | — | -208.1% |
| PEG | — | — | — | — | — | — | -0.01 |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Gross margin | — | -328.9% | -363% | -335.3% | — | — | — |
| Operating margin | — | -7.6K% | -12.7K% | -9.3K% | — | — | 0% |
| Net margin | — | -7.4K% | -12.5K% | -12.7K% | — | — | 0% |
| ROE | — | 27.5% | 24.7% | 28.6% | — | -202.3% | -657.8% |
| ROA | — | -93% | -272.2% | -558.9% | — | -58% | -35.5% |
| Return on tangible assets | — | -93% | -272.2% | -558.9% | — | -1.8K% | 339.7% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Current ratio | — | 7.62 | 0.52 | 0.11 | — | 2.44 | 1.41 |
| Quick ratio | — | 7.49 | 0.49 | 0.04 | — | 2.24 | 1.15 |
| Debt / equity | — | 0 | -0.1 | -0.3 | — | 1.75 | -0.63 |
| Debt / assets | — | 0 | 1.13 | 5.85 | — | 0.5 | 0.77 |
| Net debt / EBITDA | — | 0.93 | -0.18 | -1.41 | — | -0.22 | -0.78 |
| Interest coverage | — | — | -171.8 | -22 | — | -7.63 | -7.73 |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Revenue per share | — | 0.02 | 0.01 | 0.02 | — | 0 | 0 |
| EPS (basic) | — | -1.49 | -1.77 | -2.85 | — | -1.51 | -1.51 |
| EPS (diluted) | — | -1.49 | -1.77 | -2.85 | — | -1.51 | -1.37 |
| Book value per share | — | -5.42 | -7.16 | -9.98 | — | 0.75 | -0.02 |
| FCF per share | — | -1.54 | -1.71 | -1.94 | — | -1.17 | -0.75 |
| Cash per share | — | 1.41 | 0.41 | 0.1 | — | 1.03 | 0.35 |
| Capex per share | — | 0.09 | 0.04 | 0.02 | — | — | — |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Capex / revenue | — | 465.9% | 259.3% | 111% | — | — | — |
| Capex / operating cash flow | — | -6.47% | -2.2% | -1.15% | — | — | — |
| Payout ratio | — | — | — | — | — | — | 0% |
| Revenue | $60K | — | $78K | — | — | — | — | — | $0 | $0 | $0 | $0 |
| YoY change | — | — | +InfinityT% | — | — | — | — | — | — | — | — | — |
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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Cash & short-term investments | 0 | 18.9M | 5.5M | 1.4M | 20.6M | 17.1M |
| Receivables | — | 33K | 0 | 71K | 35K | 0 |
| Inventory | — | 334K | 367K | 3.3M | 2.6M | 1.7M |
| Total current assets | 1.8K | 19.7M | 6.7M | 5.2M | 25.3M | 20.1M |
| Property, plant & equipment | — | 1.7M | 1.9M | 1.6M | 2.1M | 2.2M |
| Goodwill & intangibles | — | — | — | — | 41.9M | 41.9M |
| Total assets | 42.5K | 21.4M | 8.7M | 6.8M | 48.4M | 43.3M |
| Accounts payable | 25K | 578K | 1M | 3.8M | 2.8M | 1.1M |
| Short-term debt | 11.2K | — | 9.7M | 39.8M | 143K | 155K |
| Total current liabilities | 56K | 2.6M | 13M | 48.7M | 7.8M | 8.2M |
| Long-term debt | — | 0 | 134K | 195K | 16.1M | 21.6M |
| Total liabilities | 56K | 94.1M | 104.6M | 140.4M | 28.5M | 30.9M |
| Shareholders' equity | -13.5K | -72.6M | -95.9M | -133.6M | 19.9M | 12.4M |
| Total debt | 11.2K | 0 | 9.8M | 40M | 16.3M | 21.8M |
| Net debt | 11.2K | -18.9M | 4.3M | 38.6M | -4.3M | 4.7M |
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 | Q1 23 | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 60K | 2M | 1.4M | 4.1M | — | 28.3M | 13M | 8.2M | 4.7M | 17.1M | 12.9M | 7.7M |
| Receivables | — | — | 71K | — | — | — | — | — | 0 | 0 | — | — |
| Inventory | — | — | 3.3M | — | — | — | — | — | 1.5M | 1.7M | 1.6M | 2M |
| Total current assets | 114.2K | — | 5.2M | — | — | — | — | — | 8.1M | 20.1M | 15.9M | 10.7M |
| Property, plant & equipment | — | — | 1.6M | — | — | — | — | — | 2.5M | 2.2M | 2.5M | 2.3M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | 41.9M | 41.9M | 41.9M | 41.9M |
| Total assets | 38.2M | — | 6.8M | — | 0 | — | — | — | 31.5M | 43.3M | 39.3M | 33.9M |
| Accounts payable | 68.8K | — | 3.8M | — | — | — | — | — | 1M | 1.1M | 1.2M | 699K |
| Short-term debt | 720K | — | 39.8M | — | — | — | — | — | 180K | 155K | 225K | 229K |
| Total current liabilities | 7.6M | — | 48.7M | — | 5K | — | — | — | 9.7M | 8.2M | 8.6M | 7.6M |
| Long-term debt | — | — | 195K | — | — | — | — | — | 21.8M | 21.6M | 23.9M | 25.8M |
| Total liabilities | 10.2M | — | 140.4M | — | 5K | — | — | — | 32.9M | 30.9M | 33.6M | 34.3M |
| Shareholders' equity | 28M | — | -133.6M | — | -5K | — | — | — | -1.3M | 12.4M | 5.7M | -415K |
| Total debt | 720K | — | 40M | — | — | — | — | — | 22M | 21.8M | 24.1M | 26M |
| Net debt | 660K | — | 38.6M | — | — | — | — | — | 17.3M | 4.7M | 11.2M | 18.3M |
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 | FY21 | FY22 | FY23 | FY25 |
|---|---|---|---|---|
| Net income | -19.9M | -23.7M | -38.1M | -25.1M |
| Depreciation & amortization | 336K | 495K | 532K | 970K |
| Stock-based compensation | 339K | 365K | 442K | 1.5M |
| Change in working capital | -169K | 356K | -386K | -4.4M |
| Operating cash flow | -19.4M | -22.3M | -28.9M | -19M |
| Capital expenditure | -1.3M | -490K | -333K | — |
| Investing cash flow | -1.3M | -490K | -333K | — |
| Dividends paid | — | — | — | — |
| Share repurchases | — | — | — | — |
| Financing cash flow | 0 | 19M | 41.9M | 16.1M |
| Net change in cash | -20.7M | -3.8M | 12.6M | -2.9M |
| Free cash flow | -20.6M | -22.9M | -26M | -19.4M |
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 22 | Q1 23 | Q4 23 | Q1 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -6M | -9.3M | -9.1M | -8M | -7.7M | -3.9M | -10.1M | -3.3M | -7M | -6.7M |
| Depreciation & amortization | 135K | 124K | 133K | 330K | 271K | 271K | 191K | 237K | 210K | 201K |
| Stock-based compensation | 96K | 99K | 113K | 110K | 218K | 234K | 137K | 890K | 389K | 479K |
| Change in working capital | -60K | -183K | -1.4M | 630K | 97K | -818K | -3.6M | -58K | 191K | -877K |
| Operating cash flow | -5.8M | -6.8M | -6.8M | -8.6M | -7.3M | -4.7M | -3M | -4.1M | -4.1M | -5.3M |
| Capital expenditure | 18K | -60K | -20K | -162K | -335K | — | — | — | — | — |
| Investing cash flow | 18K | -60K | -20K | -162K | -335K | — | — | — | — | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 19M | 3M | 13.6M | 19.6M | 0 | 0 | 0 | 0 | — | — |
| Net change in cash | 13.2M | -3.9M | 6.7M | 10.8M | -7.7M | -4.7M | -3M | -4.1M | -4.1M | -5.3M |
| Free cash flow | -5.8M | -6.5M | -7.1M | -6.9M | -7.5M | -4.7M | -3.5M | -3.6M | -4.1M | -5.3M |