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 25 | -$4.4 | -$1.06 | +75.9% | — | $0 | — |
| Q2 25 | -$4.8 | -$3.92 | +18.3% | — | $0 | — |
| Q2 22 | — | -$0.1 | — | — | $0 | — |
| Q3 21 | — | -$0.03 | — | — | $0 | — |
| Q2 21 | — | -$0.11 | — | — | $0 | — |
| Q1 21 | — | -$0.23 | — | — | $0 | — |
| Q3 20 | — | $0.04 | — | — | $0 | — |
| Q2 20 | — | -$2 | — | — | $0 | — |
| Q1 20 | — | -$0.13 | — | — | $0 | — |
| Q4 19 | -$0.14 | -$0.39 | -178.6% | — | $0 | — |
| Q3 19 | -$0.12 | -$0.14 | -16.7% | — | $0 | — |
| Q2 19 | -$0.13 | -$0.25 | -92.3% | — | $0 | — |
| Q1 19 | -$0.05 | -$0.15 | -200.0% | — | $0 | — |
| Q2 18 | -$0.44 | -$0.53 | -20.5% | — | $0 | — |
| Q4 17 | -$8 | -$8 | 0.0% | — | $0 | — |
| Q3 17 | -$0.65 | -$1 | -53.8% | — | $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 | — | $0 | — | — | $0 | — |
| FY24 | — | $0 | — | — | $0 | — |
| FY23 | — | -$2.04 | — | — | — | — |
| FY22 | — | -$5.4 | — | — | $0 | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | — | $0 | $0 |
| YoY change | 0% | 0% | 0% | 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.
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — |
| Research & development | 17.3M | 23.3M | 11.8M | 8.7M | 8.8M | 9.1M | 9.6M | — | 7M | 2.8M |
| Selling, general & administrative | 9.9M | 11.8M | 11.7M | 8.2M | 9.2M | 8.1M | 13.5M | — | 9.7M | 9.3M |
| Operating expenses | 27.2M | 35.1M | 23.5M | 17M | 18M | 17.2M | 23.1M | — | 16.6M | 12.1M |
| Operating income | -27.2M | -35.1M | -23.5M | -17M | -18M | -17.2M | -23.1M | — | -16.6M | -12.1M |
| Operating margin | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | 9M | -490.5K | 2.8M | 111.4K | 885.7K | -220.7K | 5.3M | — | -2.9M | -5.3M |
| Pretax income | -18.1M | -35.4M | -20.5M | -16.8M | -17.1M | -17.4M | -17.7M | — | -19.8M | -18.3M |
| Income tax | — | — | — | — | — | — | — | — | — | -1M |
| Net income | -18.1M | -35.4M | -20.5M | -16.8M | -17.1M | -17.4M | -17.7M | — | -19.8M | -17.3M |
| Net margin | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -36.2M | -34.6M | -26.2M | -17.1M | -18.9M | -17M | -28.5M | — | -16.6M | -9.1M |
| EPS | -40 | -60 | -25.2 | -19.4 | -11.2 | -8.12 | -5.4 | -2.04 | 0 | 0 |
| Diluted EPS | -40 | -60 | -25.2 | -19.4 | -11.2 | -8.12 | -5.4 | -2.04 | 0 | 0 |
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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Research & development | -314K | 2.5M | 2.3M | 3.3M | 143K | 1.2M | 813K | 667K | 249K | 1.1M | 1.5M | 2.1M |
| Selling, general & administrative | 2.8M | 2.6M | 3.7M | 2.2M | 1.7M | 3M | 2.7M | 2.5M | 2M | 2.1M | 2.2M | 2.5M |
| Operating expenses | 2.5M | 5.1M | 6M | 5.6M | 1.9M | 4.3M | 3.5M | 3.1M | 2.2M | 3.2M | 3.6M | 4.6M |
| Operating income | -2.5M | -5.1M | -6M | -5.6M | -1.9M | -4.3M | -3.5M | -3.1M | -2.2M | -3.2M | -3.6M | -4.6M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | -380K | 945K | 421K | -2M | -977K | 646K | -125K | 1.3M | -5.1M | -1.3M | -11.6M | -125K |
| Pretax income | -2.9M | -4.1M | -5.6M | -7.6M | -2.9M | -3.8M | -3.7M | -1.9M | -7.5M | -5.2M | -15.3M | -4.8M |
| Income tax | — | — | — | — | — | — | — | — | -1.1M | 85K | -859K | 0 |
| Net income | -2.9M | -4.1M | -5.6M | -7.6M | -2.9M | -3.8M | -3.7M | -1.9M | -6.4M | -5.3M | -14.5M | -4.8M |
| Net margin | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -2.5M | -11.9M | -6.4M | -5.6M | -1.8M | -4.3M | -3.5M | -3.1M | -1.4M | -2.3M | -3.5M | -4.6M |
| EPS | -0.57 | — | -0.83 | -0.8 | -0.24 | — | 0 | 0 | 0 | — | 0 | 0 |
| Diluted EPS | -0.57 | — | -0.83 | -0.8 | -0.24 | — | 0 | 0 | 0 | — | 0 | 0 |
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 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market cap | — | 2.2B | — | — | 1.7B | — | — | — | — | — | 19.1M |
| Enterprise value | — | 2.1B | — | — | 1.6B | — | — | — | — | — | 12M |
| Shares outstanding | 588.8K | 623.6K | 790.3K | 1.1M | 1.1M | 2.1M | 3.1M | 4.9M | 11.9M | 841.6K | 841.6K |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| P/B | — | 125.9 | — | — | 177.1 | — | — | — | — | — | 1 |
| EV/EBITDA | — | -61.7 | — | — | -87.3 | — | — | — | — | — | -1.32 |
| FCF yield | — | -1.46% | — | — | -1.02% | — | — | — | — | — | -49.1% |
| PEG | — | — | — | — | — | — | — | — | — | — | -1.23 |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | — | — | — | — | — | 0% |
| Net margin | — | — | — | — | — | — | — | — | — | — | 0% |
| ROE | -53.2% | -206.4% | -658.9% | -221.7K% | -182% | -313.7% | -991% | — | -89% | -61.1% | -140.1% |
| ROA | -39.5% | -121.9% | -255.3% | -260% | -117% | -149.6% | -128.3% | — | -39.1% | -36.1% | -19.1% |
| ROIC | — | — | — | — | — | — | — | — | — | -50.7% | -118% |
| Return on tangible assets | -39.6% | -122.2% | -257.4% | -262.4% | -117.4% | -150.2% | -128.6% | — | 44.3% | 46.8% | 140.9% |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 3.9 | 2.43 | 1.52 | 1 | 2.79 | 1.91 | 1.15 | — | 0.15 | 0.44 | 0.6 |
| Quick ratio | 3.9 | 2.43 | 1.52 | 1 | 2.79 | 1.91 | 1.15 | — | 0.15 | 0.44 | 0.6 |
| Debt / equity | — | — | — | — | — | — | — | — | 0.15 | 0.03 | 0.04 |
| Debt / assets | — | — | — | — | — | — | — | — | 0.06 | 0.02 | 0.02 |
| Net debt / EBITDA | — | — | — | — | — | — | — | — | -0.04 | 0.49 | 0.59 |
| Interest coverage | — | — | — | — | — | — | — | — | -80.1 | -18.3 | -32.3 |
| Effective tax rate | — | — | — | — | — | — | — | — | — | 0% | 0% |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — | 0 | 0 | 0 |
| EPS (basic) | -40 | -60 | -25.2 | -19.4 | -11.2 | -8.12 | -5.4 | -2.04 | 0 | 0 | 0 |
| EPS (diluted) | -40 | -60 | -25.2 | -19.4 | -11.2 | -8.12 | -5.4 | -2.04 | 0 | 0 | 0 |
| Book value per share | 57.9 | 27.5 | 3.94 | 0.01 | 8.36 | 2.59 | 0.57 | — | 1.86 | 33.7 | 10.6 |
| FCF per share | -41.9 | -50.7 | -28.8 | -11.5 | -15.1 | -8.78 | -6.89 | — | -1.05 | -12.6 | -6.01 |
| Cash per share | 74.9 | 45.1 | 6.89 | 5.1 | 12.5 | 4.36 | 4.24 | — | 0.22 | 6.18 | 3.95 |
| Capex per share | 0.09 | 0.06 | 0 | 0 | — | — | — | — | — | — | — |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Capex / operating cash flow | -0.39% | -0.12% | 0% | 0% | — | — | — | — | — | — | — |
| Payout ratio | — | — | — | — | — | — | — | — | — | — | 0% |
| FY21 | — | -$8.12 | — | — | $0 | — |
| FY20 | — | -$11.2 | — | — | $0 | — |
| FY19 | — | -$19.4 | — | — | $0 | — |
| FY18 | — | -$25.2 | — | — | $0 | — |
| FY17 | — | -$60 | — | — | $0 | — |
| FY16 | — | -$40 | — | — | $0 | — |
| 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 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| YoY change | — | — | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
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 | FY15 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 68.9M | 44.1M | 28.1M | 5.4M | 5.7M | 14.1M | 9.4M | 13.3M | 2.6M | 5.2M |
| Receivables | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 69.7M | 45.6M | 28.8M | 7.5M | 6.4M | 14.6M | 11.6M | 13.8M | 3M | 5.5M |
| Property, plant & equipment | — | — | — | 20.4K | 5K | 0 | 0 | — | — | — |
| Goodwill & intangibles | 105K | 78.7K | 78.2K | 66K | 60.3K | 54.3K | 45.9K | 34K | 95.2M | 84.9M |
| Total assets | 69.9M | 45.9M | 29.1M | 8M | 6.5M | 14.6M | 11.6M | 13.8M | 50.6M | 47.9M |
| Accounts payable | 4.3M | 2.2M | 2M | 1.6M | 1.2M | 3.4M | 1.8M | 947K | 12.4M | 8.8M |
| Short-term debt | — | — | — | — | — | — | — | — | 3.3M | 754K |
| Total current liabilities | 21.1M | 11.7M | 11.8M | 4.9M | 6.5M | 5.2M | 6.1M | 12M | 19.9M | 12.4M |
| Long-term debt | — | — | — | — | — | — | — | — | — | — |
| Total liabilities | 21.2M | 11.8M | 11.9M | 4.9M | 6.5M | 5.2M | 6.1M | 12M | 28.3M | 19.6M |
| Shareholders' equity | 48.7M | 34.1M | 17.2M | 3.1M | 7.6K | 9.4M | 5.6M | 1.8M | 22.2M | 28.3M |
| Total debt | — | — | — | — | — | — | — | — | 3.3M | 754K |
| Net debt | — | — | — | — | — | — | — | — | 661K | -4.4M |
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 | Q2 22 | Q2 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 | 8.2M | 7.2M | 1.3M | 4.2M | 2.2M | 2.6M | 2.6M | 2.7M | 2.5M | 5.2M | 2.8M | 7.7M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 11.4M | 8M | 2.8M | 5.1M | 2.7M | 3M | 3.3M | 3.3M | 2.9M | 5.5M | 3.6M | 8.3M |
| Property, plant & equipment | — | — | — | — | — | — | — | — | — | — | — | — |
| Goodwill & intangibles | 37.7K | 31.6K | 0 | 0 | 0 | 95.2M | 95.2M | 95.2M | 84.9M | 84.9M | 60.6M | 60.6M |
| Total assets | 11.4M | 8M | 2.8M | 5.1M | 2.7M | 50.6M | 51M | 50.9M | 45.4M | 47.9M | 33.9M | 38.6M |
| Accounts payable | 1.6M | 1M | 3.2M | 4.7M | 4.8M | 12.4M | 13.1M | 11.6M | 10.8M | 8.8M | 8.6M | 9.4M |
| Short-term debt | — | — | — | 1M | 1M | 3.3M | 1.8M | 1.5M | 2.1M | 754K | 732K | 693K |
| Total current liabilities | 3M | 5.2M | 6.3M | 8.8M | 9.4M | 19.9M | 20.9M | 17.1M | 15.6M | 12.4M | 13.4M | 13.9M |
| Long-term debt | — | — | — | — | — | — | — | — | — | — | — | — |
| Total liabilities | 3M | 5.2M | 6.3M | 8.8M | 9.4M | 28.3M | 29.2M | 25.3M | 22.7M | 19.6M | 19.5M | 20M |
| Shareholders' equity | 8.3M | 2.8M | -3.6M | -3.7M | -6.7M | 22.2M | 21.7M | 25.6M | 22.7M | 28.3M | 14.4M | 18.6M |
| Total debt | — | — | — | 1M | 1M | 3.3M | 1.8M | 1.5M | 2.1M | 754K | 732K | 693K |
| Net debt | — | — | — | -3.2M | -1.2M | 661K | -736K | -1.2M | -367K | -4.4M | -2M | -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 | FY15 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -45.3M | -18.1M | -35.4M | -20.5M | -16.8M | -17.1M | -17.4M | -17.7M | -19.8M | -17.3M |
| Depreciation & amortization | 10.2K | 39.9K | 42.4K | 35.8K | 19.2K | 8.9K | 4.1K | 4K | 14K | 0 |
| Stock-based compensation | 1.8M | 3.9M | 2.7M | 1.6M | 1M | 325.5K | 314.6K | 735K | 2.2M | 2.9M |
| Change in working capital | 6.9K | 14.6K | -8.4K | -48K | 0 | 0 | — | — | — | — |
| Operating cash flow | 1.8M | -14.2M | -29.9M | -18.3M | -15.8M | -15.8M | -17.1M | -17M | -17.3M | -10.6M |
| Capital expenditure | -10.6K | -54.8K | -36.9K | 0 | 0 | — | — | — | — | — |
| Investing cash flow | 1.4M | -10.1M | 10M | 0 | 0 | — | — | — | 382K | 0 |
| Dividends paid | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 68.5M | 0 | 13.9M | 500K | 12.6M | 25M | 14.3M | 25.2M | 9.1M | 10.7M |
| Net change in cash | 71.7M | -24.2M | -6M | -17.8M | -3.1M | 9.2M | -2.8M | 8.2M | -7.8M | 152K |
| Free cash flow | -5M | -24.7M | -31.6M | -22.8M | -12.9M | -17M | -18.8M | -21.5M | -12.6M | -10.6M |
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 | -2.9M | -4.1M | -5.6M | -7.6M | -2.9M | -3.8M | -3.7M | -1.9M | -6.4M | -5.3M | -14.5M | -4.8M |
| Depreciation & amortization | 1K | 1K | 13K | 0 | 0 | 1K | 0 | 0 | 0 | 0 | — | — |
| Stock-based compensation | 305K | 304K | 296K | 445K | 248K | 1.3M | 1M | 719K | 685K | 471K | 305K | 711K |
| Change in working capital | — | — | — | — | — | — | — | — | — | — | — | — |
| Operating cash flow | -2.6M | -3.8M | -5.3M | -7.1M | -2.6M | -2.5M | -2.7M | -3.3M | -2.1M | -3M | -2.5M | -3.1M |
| Capital expenditure | — | — | — | — | — | — | — | — | — | — | — | — |
| Investing cash flow | — | — | — | — | — | — | — | — | — | — | — | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 0 | 3.5M | 1.3M | 7.4M | -805K | 1.2M | 1.6M | 3.9M | 1.7M | 4.6M | -82K | 7.8M |
| Net change in cash | -2.6M | -319K | -4M | 319K | -3.5M | -1.3M | -1.1M | 638K | -426K | 1.6M | -2.6M | 4.7M |
| Free cash flow | -2.4M | -4.4M | -4M | -4.9M | -1.5M | -2.1M | -2.1M | -3.3M | -2.1M | -3M | -2.5M | -3.1M |