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 | -$0.08 | -$0.09 | -12.5% | — | $0 | — |
| Q1 26 | -$0.12 | -$0.06 | +50.0% | — | $0 | — |
| Q4 25 | $0.16 | -$0.1 | -162.5% | — | $0 | — |
| Q3 25 | -$0.16 | -$0.13 | +18.8% | — | $0 | — |
| Q2 25 | -$0.19 | -$0.16 | +15.8% | — | $0 | — |
| Q1 25 | -$0.28 | -$0.17 | +39.3% | — | $0 | — |
| Q4 24 | -$0.22 | -$0.27 | -22.7% | — | $0 | — |
| Q3 24 | -$0.26 | -$0.25 | +3.8% | — | $0 | — |
| Q2 24 | -$0.14 | -$0.28 | -100.0% | — | $0 | — |
| Q1 24 | -$0.11 | -$0.14 | -27.3% | — | $0 | — |
| Q4 23 | -$0.12 | -$0.08 | +33.3% | — | $0 | — |
| Q3 23 | -$0.24 | -$0.14 | +41.7% | — | $0 | — |
| Q2 23 | -$0.31 | -$0.15 | +51.6% | — | $0 | — |
| Q1 23 | -$0.28 | -$0.27 | +3.6% | — | $0 | — |
| Q4 22 | -$0.3 | -$0.22 | +26.7% | — | $0 | — |
| Q3 22 | -$0.31 | -$0.25 | +19.4% | — | $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 | — | -$0.56 | — | — | $0 | — |
| FY24 | — | -$0.94 | — | — | $0 | — |
| FY23 | — | -$0.64 | — | — | $0 | — |
| FY22 | — | -$1.06 | — | — | $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 | $0 |
| YoY change | 0% | 0% | 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 | 0 |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — |
| Research & development | 13.2M | 16.3M | 29.8M | 44.4M | 24.7M | 44.9M | 47.3M | 29.5M | 48.2M | 25.7M |
| Selling, general & administrative | 5.5M | 6.2M | 9.9M | 12.2M | 10M | 11.3M | 15.4M | 13.3M | 11.9M | 9.6M |
| Operating expenses | 18.7M | 22.5M | 39.7M | 56.5M | 34.7M | 56.2M | 62.7M | 42.8M | 60.1M | 35.3M |
| Operating income | -18.7M | -22.5M | -39.7M | -56.5M | -34.7M | -56.2M | -62.7M | -42.8M | -60.1M | -35.3M |
| Operating margin | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | 0 | — | — | -6.6M | -1.8M | — | — | — | — | — |
| Pretax income | -18.7M | -22.3M | -38.9M | -62.1M | -38M | -57.8M | -62M | -37.5M | -55.9M | -33.8M |
| Income tax | — | — | 0 | -1.3M | -479.3K | 0 | — | — | — | — |
| Net income | -18.7M | -22.3M | -38.9M | -60.8M | -37.6M | -57.8M | -62M | -37.5M | -55.9M | -33.8M |
| Net margin | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -18.6M | -22.2M | -38.7M | -54.9M | -34.3M | -55.8M | -60.1M | -35.2M | -53.7M | -31.7M |
| EPS | -1.65 | -1.4 | -1.79 | -2.24 | -1.11 | -1.07 | -1.06 | -0.64 | -0.94 | -0.56 |
| Diluted EPS | -1.65 | -1.4 | -1.79 | -2.24 | -1.11 | -1.07 | -1.06 | -0.64 | -0.94 | -0.56 |
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 | 7M | 4.3M | 6.2M | 15M | 12.4M | 14.6M | 7.4M | 8.5M | 5.4M | 4.3M | 2.4M | 3.5M |
| Selling, general & administrative | 2.6M | 1.8M | 3.2M | 3M | 3.7M | 1.9M | 3M | 1.7M | 2.6M | 2.4M | 1.1M | 2.4M |
| Operating expenses | 9.6M | 6.1M | 9.4M | 18M | 16.1M | 16.6M | 10.4M | 10.2M | 8M | 6.7M | 3.5M | 5.9M |
| Operating income | -9.6M | -6.1M | -9.4M | -18M | -16.1M | -16.6M | -10.4M | -10.2M | -8M | -6.7M | -3.5M | -5.9M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | — | — | — | — | — | — | — | — | — | — | — | — |
| Pretax income | -8.2M | -4.8M | -8.1M | -16.8M | -15.1M | -15.8M | -9.9M | -9.8M | -7.7M | -6.5M | -3.5M | -5.5M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — |
| Net income | -8.2M | -4.8M | -8.1M | -16.8M | -15.1M | -15.8M | -9.9M | -9.8M | -7.7M | -6.5M | -3.5M | -5.5M |
| Net margin | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -7.6M | -4.2M | -7.5M | -16.3M | -14.6M | -15.3M | -9.4M | -9.2M | -7.1M | -5.9M | -2.9M | -5.4M |
| EPS | -0.14 | — | -0.14 | -0.28 | -0.25 | — | -0.17 | -0.16 | -0.13 | — | -0.06 | -0.09 |
| Diluted EPS | -0.14 | — | -0.14 | -0.28 | -0.25 | — | -0.17 | -0.16 | -0.13 | — | -0.06 | -0.09 |
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 | — | — | — | — | — | — | 406.5M | 206.9M | 296.8M | 311.1M | 70M |
| Enterprise value | — | — | — | — | — | — | 248.3M | 79.7M | 211M | 256.6M | 27.7M |
| Shares outstanding | 11.4M | 15.9M | 21.7M | 27.1M | 34M | 54M | 58.4M | 58.9M | 59.5M | 60.1M | 60.1M |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | — | — | — | -2.09 |
| P/B | — | — | — | — | — | — | 2.69 | 1.73 | 4.18 | 7.03 | 1.83 |
| EV/EBITDA | — | — | — | — | — | — | -4.13 | -2.26 | -3.93 | -8.1 | -1.17 |
| Earnings yield | — | — | — | — | — | — | — | — | — | — | -47.9% |
| FCF yield | — | — | — | — | — | — | -13.9% | -14.7% | -14.6% | -10.7% | -22.3% |
| PEG | — | — | — | — | — | — | — | — | — | — | 0.05 |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | — | — | — | — | — | 0% |
| Net margin | — | — | — | — | — | — | — | — | — | — | 0% |
| ROE | -86.4% | -56.4% | -44.9% | -126.5% | -63.1% | -28.1% | -41.1% | -31.3% | -78.7% | -76.5% | -49.5% |
| ROA | -74.2% | -50.6% | -40.9% | -80.5% | -45.1% | -24.8% | -34.2% | -25.3% | -53.4% | -47% | -22.7% |
| ROIC | — | — | 568.6% | 536.8% | 1.1K% | 685.9% | — | — | — | — | — |
| Return on tangible assets | -74.2% | -50.6% | -40.9% | -80.5% | -45.1% | -24.8% | -34.2% | -25.3% | -53.4% | -47% | -48.5% |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 10.9 | 13.1 | 11.2 | 5.82 | 6.69 | 19.8 | 11.8 | 6.64 | 5.59 | 2.58 | 4.91 |
| Quick ratio | 10.9 | 13.1 | 11.2 | 5.82 | 6.69 | 19.8 | 11.8 | 6.64 | 5.59 | 2.58 | 4.91 |
| Debt / equity | 0.06 | 0.03 | — | 0.31 | 0.26 | 0.08 | 0.11 | 0.13 | 0.22 | 0.35 | 0 |
| Debt / assets | 0.05 | 0.03 | — | 0.2 | 0.18 | 0.07 | 0.09 | 0.11 | 0.15 | 0.22 | 0 |
| Net debt / EBITDA | 1.27 | 1.88 | — | 1.07 | 1.82 | 3.84 | 2.63 | 3.61 | 1.6 | 1.72 | 2.1 |
| Interest coverage | -176.2 | -195.9 | -264 | -101.9 | -19 | -32.2 | -35.6 | -17.1 | -28 | -16.8 | -15.2 |
| Effective tax rate | — | — | 0% | 0% | 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 | 0 |
| EPS (basic) | -1.65 | -1.4 | -1.79 | -2.24 | -1.11 | -1.07 | -1.06 | -0.64 | -0.94 | -0.56 | -0.56 |
| EPS (diluted) | -1.65 | -1.4 | -1.79 | -2.24 | -1.11 | -1.07 | -1.06 | -0.64 | -0.94 | -0.56 | -0.38 |
| Book value per share | 1.91 | 2.49 | 3.99 | 1.77 | 1.75 | 3.81 | 2.59 | 2.03 | 1.19 | 0.74 | 0.63 |
| FCF per share | -1.34 | -1.21 | -1.39 | -1.66 | -1.1 | -0.79 | -0.97 | -0.51 | -0.73 | -0.56 | -0.37 |
| Cash per share | 2.19 | 2.7 | 4.32 | 2.71 | 2.29 | 4.25 | 2.98 | 2.42 | 1.7 | 1.17 | 0.75 |
| Capex per share | 0 | 0 | 0.01 | 0 | 0 | 0 | 0 | 0 | — | — | — |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Capex / operating cash flow | -0.07% | -0.13% | -0.81% | -0.02% | 0% | -0.02% | -0.03% | 0% | — | — | — |
| Payout ratio | — | — | — | — | — | — | — | — | — | — | 0% |
| FY21 | — | -$1.07 | — | — | $0 | — |
| FY20 | — | -$1.11 | — | — | $0 | — |
| FY19 | — | -$2.24 | — | — | $0 | — |
| FY18 | — | -$1.79 | — | — | $0 | — |
| FY17 | — | -$1.4 | — | — | $0 | — |
| FY16 | — | -$1.65 | — | — | $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% | 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 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 24.9M | 42.9M | 93.6M | 73.4M | 77.9M | 229.8M | 174.3M | 142.8M | 101.2M | 70M |
| Receivables | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 25.1M | 44M | 94.8M | 75.2M | 83.1M | 232.8M | 181M | 147.8M | 104.1M | 71.8M |
| Property, plant & equipment | 56.4K | 43.3K | 235.2K | 349.5K | 293.2K | 384.4K | 268.5K | 516.6K | 267K | 275.9K |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — |
| Total assets | 25.2M | 44.2M | 95.1M | 75.5M | 83.4M | 233.1M | 181.3M | 148.3M | 104.6M | 72.1M |
| Accounts payable | 275.4K | 1M | 3.1M | 808.3K | 381.6K | 1M | 133.6K | 1.3M | 180.5K | 158.5K |
| Short-term debt | 77.5K | 116.3K | — | 226.3K | 3.9M | 229.6K | 1.2M | 15.4M | 303K | 15.5M |
| Total current liabilities | 2.3M | 3.4M | 8.5M | 12.9M | 12.4M | 11.8M | 15.4M | 22.3M | 18.6M | 27.8M |
| Long-term debt | 1.2M | 1.2M | — | 14.5M | 11.4M | 15.6M | 14.9M | 271.6K | 15M | — |
| Total liabilities | 3.5M | 4.6M | 8.5M | 27.4M | 23.8M | 27.4M | 30.3M | 28.5M | 33.6M | 27.8M |
| Shareholders' equity | 21.6M | 39.6M | 86.6M | 48.1M | 59.5M | 205.7M | 151M | 119.8M | 71M | 44.3M |
| Total debt | 1.3M | 1.3M | — | 14.8M | 15.3M | 15.9M | 16.1M | 15.7M | 15.3M | 15.5M |
| Net debt | -10.7M | -18.7M | — | -29.7M | -62.5M | -213.9M | -128.3M | -127.2M | -39.2M | -54.5M |
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 | 143.3M | 142.8M | 133M | 120.3M | 112.7M | 101.2M | 90.1M | 81.9M | 75.3M | 70M | 65M | 45.1M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 147.2M | 147.8M | 140.8M | 125.6M | 116.7M | 104.1M | 92.7M | 84.6M | 77.5M | 71.8M | 66.3M | 47.4M |
| Property, plant & equipment | 72.2K | 516.6K | 455.9K | 394.3K | 331.3K | 267K | 466.9K | 404.7K | 341K | 275.9K | 209.3K | 161.7K |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 147.3M | 148.3M | 141.3M | 126M | 117.3M | 104.6M | 93.2M | 85M | 77.8M | 72.1M | 66.5M | 47.5M |
| Accounts payable | 247.2K | 1.3M | 280.3K | 254.4K | 186.9K | 180.5K | 346.1K | 1.5M | 13.4K | 158.5K | 141.4K | 137.5K |
| Short-term debt | 13.5M | 15.4M | 15.5M | 15.5M | 543.2K | 303K | 255.3K | 15.4M | 15.5M | 15.5M | 15.5M | 143.4K |
| Total current liabilities | 21.6M | 22.3M | 21.7M | 27.6M | 17.2M | 18.6M | 14.3M | 29.5M | 28.5M | 27.8M | 24.3M | 9.7M |
| Long-term debt | 2.7M | 271.6K | 206K | 138.9K | 15.1M | 15M | 15.3M | 143.4K | 72.5K | — | — | — |
| Total liabilities | 24.3M | 28.5M | 27.9M | 27.7M | 32.2M | 33.6M | 29.6M | 29.7M | 28.6M | 27.8M | 24.3M | 9.7M |
| Shareholders' equity | 123M | 119.8M | 113.4M | 98.3M | 85.1M | 71M | 63.6M | 55.3M | 49.2M | 44.3M | 42.2M | 37.9M |
| Total debt | 16.2M | 15.7M | 15.7M | 15.6M | 15.6M | 15.3M | 15.6M | 15.6M | 15.5M | 15.5M | 15.5M | 143.4K |
| Net debt | -127.2M | -127.2M | -86.8M | -55.4M | -52.5M | -39.2M | -34.8M | -25.7M | -43.8M | -54.5M | -49.5M | -44.9M |
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 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -18.7M | -22.3M | -38.9M | -60.8M | -37.6M | -57.8M | -62M | -37.5M | -55.9M | -33.8M |
| Depreciation & amortization | 35.8K | 37.8K | 71K | 96.3K | 56.2K | 264.2K | 258.7K | 262.8K | 249.6K | 252K |
| Stock-based compensation | 2.8M | 2.7M | 4.1M | 8.1M | 7.1M | 7.1M | 8.3M | 5.8M | 8M | 6.1M |
| Change in working capital | -575.7K | 725.5K | 2M | -2.8M | -426.7K | 638.1K | -886.1K | 7.2M | -1.2M | -22K |
| Operating cash flow | -16.5M | -18.8M | -32.6M | -50M | -29M | -49.4M | -54M | -24M | -48.6M | -33.3M |
| Capital expenditure | -11.8K | -24.8K | -263K | -9.5K | 0 | -7.8K | -16.3K | 0 | — | — |
| Investing cash flow | -225.2K | -10.2M | -23.3M | 18.5M | 29M | -7.8K | -30M | 30M | -44.9M | 47.7M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 12.7M | 37.4M | 80.4M | 22.2M | 40.7M | 189.8M | 0 | -1.6M | -559.8K | 0 |
| Net change in cash | -3.9M | 8.4M | 24.5M | -9.3M | 40.7M | 140.4M | -84M | 4.5M | -94.1M | 14.4M |
| Free cash flow | -15.2M | -19.2M | -30.1M | -45M | -37.5M | -42.6M | -56.7M | -30.3M | -43.2M | -33.3M |
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 | -8.2M | -4.8M | -8.1M | -16.8M | -15.1M | -15.8M | -9.9M | -9.8M | -7.7M | -6.5M | -3.5M | -5.5M |
| Depreciation & amortization | 65K | 66.5K | 60.6K | 61.6K | 63K | 64.4K | 60.9K | 62.3K | 63.7K | 65.1K | 66.6K | 70.7K |
| Stock-based compensation | 789.2K | -800.3K | 1.5M | 1.9M | 3.2M | 1.3M | 2.2M | 196.6K | 2.6M | 1.1M | -987.6K | 1.6M |
| Change in working capital | -23.6K | 1.1M | -1.1M | -25.9K | -67.5K | -6.5K | 165.7K | 683.4K | -1M | 145K | -17.1K | -3.9K |
| Operating cash flow | -7.3M | -4.3M | -7.5M | -14.8M | -11.9M | -14.4M | -7.4M | -8.6M | -7M | -5.3M | -5.1M | -4.6M |
| Capital expenditure | 0 | 0 | — | — | — | — | — | — | — | — | — | — |
| Investing cash flow | 0 | 0 | -30.4M | -18.2M | 5.3M | -1.6M | 7.3M | -554.1K | 25M | 16M | 0 | 0 |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | — | -1M | — | — | — | -50K | — | — | — | — | — | — |
| Net change in cash | -7.3M | -5.4M | -37.8M | -33.1M | -6.6M | -16.1M | -121.3K | -9.1M | 18M | 10.7M | -5.1M | -4.6M |
| Free cash flow | -8M | 500.4K | -10M | -13.2M | -8M | -12M | -12.5M | -8.6M | -7M | -5.3M | -5.1M | -4.6M |