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 | — | -$35.7 | — | — | $0 | — |
| FY24 | — | $1.2K | — | — | $311K | — |
| FY23 | — | -$4.8K | — | — | $3.5M | — |
| FY22 | — | -$8 | — | — | $17.1M | — |
| FY21 | — | -$8.15 | — | — | $21.4M | — |
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 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $21.4M | $17.1M | $3.5M | $311K | $0 |
| YoY change | — | -20.1% | -79.7% | -91.1% | -100% |
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 | Q2 25 | Q3 25 |
|---|
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 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 21.4M | 17.1M | 3.5M | 311K | 0 |
| Cost of revenue | 7.2M | 4.4M | 1.3M | 364K | 0 |
| Gross profit | 14.2M | 12.7M | 2.2M | -53K | 0 |
| Gross margin | 66.5% | 74% | 62.6% | -17% | — |
| Research & development | 0 | 11.4M | 360K | 748K | 0 |
| Selling, general & administrative | 7.5M | 5.7M | 4.9M | 12M | 8.1M |
| Operating expenses | 7.5M | 41M | 5.3M | 12.7M | 8.1M |
| Operating income | 1.3M | -8.1M | -4.8M | -13M | -9.2M |
| Operating margin | 6.17% | -47.5% | -137.9% | -4.2K% | — |
| Non-operating income, net | -2.8M | -194K | -22.2M | -2.4M | 6.1M |
| Pretax income | -18.4M | -18.6M | -32.6M | -24.2M | -7.3M |
| Income tax | 518K | 0 | 15K | 590K | 0 |
| Net income | -18.9M | -18.4M | -69.5M | 21.1M | -7.3M |
| Net margin | -88.5% | -108% | -2K% | 6.8K% | — |
| EBITDA | 8.1M | -4.6M | -3.1M | -11.7M | -13M |
| EPS | -8.15 | -8 | -4.8K | 1.2K | -35.7 |
| Diluted EPS | -8.15 | -8 | -4.8K | 1.2K | -35.7 |
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 | 1.3M | 17.1M | 2.2M | 94K | 93K | 31K | 0 | — | 0 | 0 | 0 | 0 |
| Cost of revenue | 291K | 3.7M | 834K | 159K | 47K | 293K | 0 | — | 0 | 0 | — | — |
| Gross profit | 970K | 13.4M | 1.3M | -65K | 46K | -262K | 0 | — | 0 | 0 | — | — |
| Gross margin | 76.9% | 78.5% | 61.7% | -69.1% | 49.5% | -845.2% | — | — | — | — | — | — |
| Research & development | 0 | 463K | 7K | 0 | 741K | 0 | 0 | — | 0 | 0 | — | — |
| Selling, general & administrative | 872K | 8.2M | 3.7M | 2.8M | 1.5M | 4.8M | 1.5M | — | 984K | 1.9M | 1.3M | 1.5M |
| Operating expenses | 872K | 8.7M | 3.8M | 2.8M | 2.3M | 4.8M | 1.5M | — | 984K | 1.9M | 1.3M | 1.5M |
| Operating income | -346K | 2.4M | -3M | -2.9M | -2.3M | -5.1M | -1.6M | — | -2.1M | -1.8M | -1.8M | -2M |
| Operating margin | -27.4% | 13.9% | -136.5% | -3.1K% | -2.4K% | -16.4K% | — | — | — | — | — | — |
| Non-operating income, net | — | -35M | -520K | -1.1M | 1.1M | -2.1M | 3.6M | — | -7.2M | -467K | 1.2M | -195K |
| Pretax income | -2.1M | -48.3M | -7.7M | -4.8M | -2.7M | -11.1M | -180K | — | -9.7M | -2.6M | -892K | -2.6M |
| Income tax | 0 | 15K | 0 | 0 | 0 | 590K | — | — | 0 | 0 | 0 | 0 |
| Net income | -14.6M | -48M | -6.6M | -6.8M | -5.1M | 39.6M | -180K | — | -9.7M | -2.6M | -892K | -2.6M |
| Net margin | -1.2K% | -280.9% | -301.8% | -7.3K% | -5.5K% | 127.6K% | — | — | — | — | — | — |
| EBITDA | 98K | 3.1M | -2.6M | -2.8M | -1.1M | -4M | -638K | — | -3.5M | -3.2M | -3.7M | -1.7M |
| EPS | -0.91 | — | -3 | -516.9 | -306.2 | — | -4 | 10.9 | -14.5 | — | -0.11 | -2.45 |
| Diluted EPS | -0.91 | — | -3 | -516.9 | -306.2 | — | -4 | 7.12 | -14.5 | — | -0.11 | -2.45 |
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 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Market cap | — | — | — | — | — | 43.5K |
| Enterprise value | — | — | — | — | — | 189.6M |
| Shares outstanding | 2.3M | 2.3M | 14.5K | 17.7K | 479.6K | 479.6K |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | 0 |
| P/B | — | — | — | — | — | 3.87 |
| EV/EBITDA | — | — | — | — | — | -33 |
| Earnings yield | — | — | — | — | — | 272K% |
| FCF yield | — | — | — | — | — | 9.1K% |
| PEG | — | — | — | — | — | -0 |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Gross margin | 66.5% | 74% | 62.6% | -17% | — | — |
| Operating margin | 6.17% | -47.5% | -137.9% | -4.2K% | — | 0% |
| Net margin | -88.5% | -108% | -2K% | 6.8K% | — | 0% |
| ROE | -114.1% | 714.5% | 109.8% | -62.2% | -31.7% | -427.4% |
| ROA | -9.04% | -10.3% | -37.5% | 272.8% | -12.8% | -14.4% |
| ROIC | 0.79% | -5.19% | 13.9% | 239.5% | -23.6% | -21.3% |
| Return on tangible assets | -9.35% | -11.5% | -37.5% | 509.5% | 13.1% | 29.4% |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Current ratio | 1.37 | 1.16 | 0.64 | 0.02 | 0 | 0.04 |
| Quick ratio | 1.37 | 1.16 | 0.64 | 0.02 | 0 | 0.04 |
| Debt / equity | 10.2 | -61.9 | -0.52 | -0.84 | 0.7 | 0.32 |
| Debt / assets | 0.81 | 0.9 | 0.18 | 3.7 | 0.28 | 0.16 |
| Net debt / EBITDA | 18.8 | -34.9 | -9.14 | -2.44 | -1.24 | -0.68 |
| Interest coverage | -0.09 | -0.81 | -4.79 | -1.75 | -0.74 | -10.2 |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Revenue per share | 9.3 | 7.43 | 240.4 | 17.6 | 0 | 0 |
| EPS (basic) | -8.15 | -8 | -4.8K | 1.2K | -35.7 | -35.7 |
| EPS (diluted) | -8.15 | -8 | -4.8K | 1.2K | -35.7 | -143.6K |
| Book value per share | 7.21 | -1.12 | -4.4K | -1.9K | 48 | -61 |
| FCF per share | -58.9 | -5.92 | -323.4 | 5.1K | -5.18 | -3.49 |
| Cash per share | 7.84 | 0.31 | 279.5 | 9.12 | 0.07 | 1.48 |
| Capex per share | 50.6 | 1.88 | 361.9 | 95.1 | 0 | 0 |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Capex / revenue | 543.8% | 25.3% | 150.6% | 539.9% | — | — |
| Capex / operating cash flow | -566.2% | -28.9% | -21.1% | -21.7% | 0% | 0% |
| Payout ratio | — | -162.6% | -6.59% | 0% | — | 0% |
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $1.3M | $17.1M | $2.2M | $94K | $93K | $31K | $0 | — | $0 | $0 | $0 | $0 |
| YoY change | — | — | -43.3% | -98.4% | -92.6% | -99.8% | -100% | — | -100% | -100% | 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 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash & short-term investments | 18M | 705K | 4M | 161K | 32K |
| Receivables | 4.7M | 3.3M | 3K | 0 | — |
| Inventory | — | — | — | — | — |
| Total current assets | 33.3M | 11.9M | 158.9M | 639K | 44K |
| Property, plant & equipment | 164.4M | 166.7M | 19.8M | 4.8M | 0 |
| Goodwill & intangibles | 7.1M | 18M | 0 | 3.6M | 113M |
| Total assets | 209.5M | 178.3M | 185.3M | 7.7M | 57M |
| Accounts payable | 12.4M | 1.1M | 3.6M | 9.8M | 6.6M |
| Short-term debt | 1.7M | 75K | 31.7M | 26.6M | 16.1M |
| Total current liabilities | 24.3M | 10.3M | 247.4M | 39.6M | 34M |
| Long-term debt | 168M | 159.7M | 1.1M | 2M | — |
| Total liabilities | 192.9M | 180.9M | 248.5M | 41.6M | 34M |
| Shareholders' equity | 16.6M | -2.6M | -63.3M | -33.9M | 23M |
| Total debt | 169.7M | 159.7M | 32.8M | 28.6M | 16.1M |
| Net debt | 151.6M | 159M | 28.8M | 28.5M | 16M |
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 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 3.3M | 4.6M | 1.4M | 1.1M | 290K | 161K | 81K | 39K | 32K | 363K | 1.1M |
| Receivables | 4M | 651K | 2.1M | 1.2M | 21K | 0 | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 19.4M | 115M | 14.1M | 14.5M | 58.7M | 639K | 4.3M | 48K | 44K | 375K | 1.1M |
| Property, plant & equipment | 183.5M | 13.5M | 13.5M | 15.8M | 26M | 4.8M | 2.9M | 0 | 0 | — | — |
| Goodwill & intangibles | 12.1M | — | — | — | — | 3.6M | 3.3M | 113.9M | 113M | 112M | 111.1M |
| Total assets | 211.5M | 185.3M | 84.4M | 86.6M | 92.3M | 7.7M | 9.4M | 57.5M | 57M | 56.9M | 57.1M |
| Accounts payable | 17.2M | 5.1M | 10.5M | 10.8M | 10.2M | 9.8M | 10.7M | 8.4M | 6.6M | 6.9M | 7.7M |
| Short-term debt | 181.6M | 197.7M | 118.1M | 120M | 32.9M | 26.6M | 9.6M | 16.7M | 16.1M | 7.5M | 9.3M |
| Total current liabilities | 216.1M | 247.1M | 154.7M | 162.3M | 173.9M | 39.6M | 40.7M | 34.9M | 34M | 25.8M | 28.6M |
| Long-term debt | 23M | 1.3M | 1.2M | 1.2M | 1.1M | 2M | — | — | — | — | — |
| Total liabilities | 240.6M | 248.5M | 156.1M | 163.7M | 175M | 41.6M | 40.7M | 34.9M | 34M | 26.2M | 29M |
| Shareholders' equity | -29.1M | -63.3M | -71.7M | -77.1M | -82.7M | -33.9M | -31.4M | 22.6M | 23M | 30.7M | 28.1M |
| Total debt | 204.5M | 199M | 119.2M | 121.2M | 34M | 28.6M | 9.6M | 16.7M | 16.1M | 7.5M | 9.3M |
| Net debt | 201.2M | 194.4M | 117.9M | 120.1M | 33.7M | 28.5M | 9.5M | 16.7M | 16M | 7.1M | 8.2M |
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 | FY24 | FY25 |
|---|---|---|---|---|---|
| Net income | -18.9M | -18.6M | -32.6M | -24.8M | -7.3M |
| Depreciation & amortization | 5.4M | 3.7M | 1.7M | 215K | 593K |
| Stock-based compensation | 419K | 63K | 0 | 321K | 2.4M |
| Change in working capital | -11.7M | -2.9M | 4M | 12.7M | 2.3M |
| Operating cash flow | -20.5M | -14.9M | -24.9M | -7.7M | -2.5M |
| Capital expenditure | -116.3M | -4.3M | 5.2M | -1.7M | 0 |
| Investing cash flow | -116.7M | -8.3M | 5.2M | -1.7M | 0 |
| Dividends paid | — | -30M | -4.6M | 0 | — |
| Share repurchases | — | — | — | — | — |
| Financing cash flow | 161.2M | 5M | 21.1M | 1.2M | 2.4M |
| Net change in cash | 24M | -18.2M | 1.5M | -8.2M | -129K |
| Free cash flow | -135.4M | -13.6M | -4.7M | 90.7M | -2.5M |
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 | 913K | -48.3M | -7.7M | -4.8M | -3.1M | -11.7M | -180K | — | -9.7M | -2.6M | -892K | -2.6M |
| Depreciation & amortization | -439K | 2.3M | 568K | 50K | 55K | 40K | 130K | — | 0 | 463K | 477K | 469K |
| Stock-based compensation | 0 | — | 117K | 268K | 0 | 53K | 60K | — | 226K | -230K | 0 | 0 |
| Change in working capital | -295K | 6.7M | 3.6M | -2.1M | 4.5M | 6.1M | 4K | — | -386K | 457K | 247K | 879K |
| Operating cash flow | -2.3M | -35.5M | -2.6M | -4.7M | 1.8M | -4.6M | 2.1M | 3M | -473K | -164K | -1.2M | -722K |
| Capital expenditure | -5.7M | 12.5M | 64.9M | -2.1M | -1.6M | 4.7M | 0 | — | 0 | 0 | — | — |
| Investing cash flow | -5.7M | 12.5M | 64.9M | -2.1M | -1.6M | 4.7M | 0 | — | 0 | 0 | — | — |
| Dividends paid | -5.8M | -11.2M | 0 | 0 | 0 | 0 | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 10M | -3.3M | -76.6M | 6.9M | -5.2M | -3M | 450K | 0 | 503K | 0 | 1.5M | 1.4M |
| Net change in cash | 2M | -26.2M | -14.4M | 32K | -5M | -2.9M | 2.5M | 3M | 30K | -164K | 331K | 709K |
| Free cash flow | -21.7M | 12M | -9.6M | -5.8M | 468K | 103.6M | -552K | — | -473K | -164K | -1.2M | -722K |