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 | -$1.38 | -$0.14 | +89.9% | — | $27.8M | — |
| Q1 26 | -$2.37 | -$2.21 | +6.8% | — | $2.8M | — |
| Q4 25 | -$2.49 | -$1.91 | +23.3% | — | $169K | — |
| Q3 25 | -$2.01 | -$3.04 | -51.2% | — | $741K | — |
| Q2 25 | -$2.53 | -$1.53 | +39.5% | — | $965K | — |
| Q1 25 | -$3.15 | $5.12 | +262.5% | — | $311K | — |
| Q4 24 | -$3.67 | -$13.1 | -256.9% | — | $629K | — |
| Q3 24 | -$1.32 | -$3.07 | -132.6% | — | $1.3M | — |
| Q2 24 | -$4 | $0.75 | +118.8% | — | $1.1M | — |
| Q1 24 | -$4.75 | -$5.5 | -15.8% | — | $986K | — |
| Q4 23 | -$6.75 | -$5.5 | +18.5% | — | $2.7M | — |
| Q3 23 | -$0.47 | -$0.41 | +12.8% | — | $3.2M | — |
| Q2 23 | -$0.49 | -$0.43 | +12.2% | — | $6.9M | — |
| Q1 23 | -$0.48 | -$0.53 | -10.4% | — | $2.7M | — |
| Q4 22 | -$0.47 | -$0.51 | -8.5% | — | $3.5M | — |
| Q3 22 | -$0.58 | -$0.44 | +24.1% | — | $4.1M | — |
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 | — | -$2.45 | — | — | $2.2M | — |
| FY24 | — | -$20.9 | — | — | $3.9M | — |
| FY23 | — | -$34 | — | — | $15.5M | — |
| FY22 | — | -$56.3 | — | — | $13.9M | — |
| 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 | $0 | $0 | $0 | $4.4M | $13.9M | $15.5M | $3.9M | $2.2M |
| YoY change | — | 0% | 0% | +InfinityT% | +219% | +11.7% | -74.6% | -44.6% |
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 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 4.4M | 13.9M | 15.5M | 3.9M | 2.2M |
| Cost of revenue | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — |
| Research & development | 10.5M | 44M | 79.9M | 104.2M | 85.1M | 73M | 70.3M | 69.5M |
| Selling, general & administrative | 3.2M | 10M | 17.9M | 28.5M | 26.4M | 30.6M | 22.8M | 20.7M |
| Operating expenses | 13.7M | 54M | 97.8M | 132.7M | 111.5M | 103.7M | 93.1M | 90.2M |
| Operating income | -13.7M | -54M | -97.8M | -128.3M | -97.6M | -88.1M | -89.2M | -88M |
| Operating margin | — | — | — | -2.9K% | -701.7% | -567.5% | -2.3K% | -4K% |
| Non-operating income, net | -435K | 302K | -10.5M | — | — | — | -46.1M | 60.2M |
| Pretax income | -13.9M | -52.2M | -108.4M | -128.2M | -95.9M | -86.9M | -130.9M | -23.9M |
| Income tax | 0 | 85K | 161K | 143K | 106K | 795K | 331K | 314K |
| Net income | -13.9M | -52.3M | -108.5M | -128.3M | -96M | -87.7M | -131.2M | -24.2M |
| Net margin | — | — | — | -2.9K% | -690.6% | -564.6% | -3.3K% | -1.1K% |
| EBITDA | -12.4M | -51.7M | -94.5M | -124.5M | -93.9M | -85.1M | -40.4M | -145.4M |
| EPS | -0.66 | -59.6 | -271.8 | -80.5 | -56.3 | -34 | -20.9 | -2.45 |
| Diluted EPS | -0.66 | -59.6 | -271.8 | -80.5 | -56.3 | -34 | -20.9 | -2.45 |
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 | 3.2M | 2.7M | 986K | 1.1M | 1.3M | 629K | 311K | 965K | 741K | 169K | 2.8M | 27.8M |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Research & development | 15.9M | 22.3M | 16.4M | 21.1M | 16.8M | 16M | 14.5M | 14M | 23.9M | 17M | 23.4M | 24.1M |
| Selling, general & administrative | 6.4M | 6.4M | 6.7M | 6.4M | 4.6M | 5.2M | 5.1M | 5.6M | 5.2M | 4.9M | 6.4M | 5.6M |
| Operating expenses | 22.3M | 28.7M | 23M | 27.5M | 21.4M | 21.2M | 19.6M | 19.5M | 29.1M | 22M | 29.8M | 29.7M |
| Operating income | -19.1M | -26M | -22M | -26.4M | -20.1M | -20.6M | -19.2M | -18.6M | -28.4M | -21.8M | -26.9M | -1.9M |
| Operating margin | -588.8% | -969.7% | -2.2K% | -2.5K% | -1.6K% | -3.3K% | -6.2K% | -1.9K% | -3.8K% | -12.9K% | -951.6% | -6.8% |
| Non-operating income, net | 54K | — | -13.4M | 31.3M | 506K | -64.6M | 61.5M | 2.5M | -3.5M | -343K | 4.1M | 3M |
| Pretax income | -18M | -27.9M | -34.8M | 5.3M | -19.2M | -82.1M | 43.1M | -15.7M | -31.5M | -19.9M | -22.7M | 1.3M |
| Income tax | 29K | -30K | 24K | 189K | 91K | 27K | 43K | 185K | 56K | 30K | 317K | 2.8M |
| Net income | -18M | -27.9M | -34.9M | 5.1M | -19.3M | -82.2M | 43.1M | -15.9M | -31.5M | -19.9M | -23M | -1.5M |
| Net margin | -557% | -1K% | -3.5K% | 477% | -1.5K% | -13.1K% | 13.9K% | -1.6K% | -4.3K% | -11.8K% | -814.1% | -5.41% |
| EBITDA | -18.4M | -25.2M | -21.4M | -25.8M | -19.5M | -19.9M | -80.2M | -19.4M | -23.5M | -22.3M | -29.5M | -4.1M |
| EPS | -10.4 | — | -5.5 | 0.75 | -3.07 | -13.1 | 5.12 | -1.53 | -3.04 | -1.91 | -2.21 | -0.14 |
| Diluted EPS | -10.4 | — | -5.5 | 0.75 | -3.07 | -13.1 | -2.11 | -1.53 | -3.04 | -1.91 | -2.21 | -0.14 |
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 |
|---|---|---|---|---|---|---|---|---|---|
| Market cap | — | — | — | — | 40.7M | — | — | — | 34.6M |
| Enterprise value | — | — | — | — | -72.6M | — | — | — | 7.5M |
| Shares outstanding | 21.2M | 877.3K | 399.5K | 1.6M | 1.7M | 2.6M | 6.3M | 9.9M | 9.9M |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | — | -2.18 |
| P/S | — | — | — | — | 2.93 | — | — | — | 1.09 |
| P/B | — | — | — | — | 0.39 | — | — | — | 1.08 |
| EV/EBITDA | — | — | — | — | 0.77 | — | — | — | -0.1 |
| EV/Sales | — | — | — | — | -5.22 | — | — | — | 0.24 |
| Earnings yield | — | — | — | — | — | — | — | — | -45.9% |
| FCF yield | — | — | — | — | -197.4% | — | — | — | -177.5% |
| PEG | — | — | — | — | — | — | — | — | 0.02 |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | -2.9K% | -701.7% | -567.5% | -2.3K% | -4K% | -6.8% |
| Net margin | — | — | — | -2.9K% | -690.6% | -564.6% | -3.3K% | -1.1K% | -241% |
| ROE | 101.3% | 80.5% | -49.3% | -69.5% | -92.4% | -95.2% | 452.9% | -45.2% | -113.6% |
| ROA | -12.9% | -35.7% | -40.9% | -54.5% | -65.5% | -57.9% | -187.2% | -27.3% | -49.1% |
| ROIC | 15.1% | 32.1% | 934.7% | -1.5K% | 1K% | 271.3% | 115% | 461.9% | -1.6K% |
| Return on tangible assets | -12.9% | -35.7% | -40.9% | -54.5% | -65.5% | -57.9% | -187.2% | -27.3% | -114.5% |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 12.3 | 8.7 | 8.26 | 5.25 | 4.03 | 5.9 | 2.86 | 3.9 | 2.19 |
| Quick ratio | 12.3 | 8.7 | 8.26 | 5.25 | 4.03 | 5.9 | 2.86 | 3.9 | 2.19 |
| Debt / equity | -1.01 | -0.22 | 0.06 | 0.08 | 0.12 | 0.12 | -0.29 | 0.1 | 0.11 |
| Debt / assets | 0.13 | 0.1 | 0.05 | 0.06 | 0.09 | 0.07 | 0.12 | 0.06 | 0.05 |
| Net debt / EBITDA | 6.22 | 2 | 2.44 | 1.42 | 1.21 | 1.46 | 1.2 | 0.5 | 0.34 |
| 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 | 0 | 0 | 2.73 | 8.14 | 6.04 | 0.63 | 0.22 | 3.03 |
| EPS (basic) | -0.66 | -59.6 | -271.8 | -80.5 | -56.3 | -34 | -20.9 | -2.45 | -2.45 |
| EPS (diluted) | -0.66 | -59.6 | -271.8 | -80.5 | -56.3 | -34 | -20.9 | -2.45 | -7.71 |
| Book value per share | -0.65 | -74 | 550.7 | 115.9 | 60.8 | 35.8 | -4.62 | 5.42 | 5.11 |
| FCF per share | -0.4 | -56.5 | -191 | -73.1 | -47 | -30.7 | -12.9 | -8.39 | -9.06 |
| Cash per share | 4.29 | 134.1 | 609.5 | 119.6 | 73.7 | 52.8 | 9.09 | 7.87 | 4.87 |
| Capex per share | 0.12 | 3.18 | 5.17 | 0.56 | 0.55 | 0.01 | 0.02 | — | — |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Capex / revenue | — | — | — | 20.5% | 6.78% | 0.12% | 3.3% | — | — |
| Capex / operating cash flow | -27.6% | -5.5% | -2.45% | -0.71% | -1.35% | -0.02% | -0.11% | — | — |
| Payout ratio | — | — | — | — | — | — | — | — | 0% |
| — |
| -$80.5 |
| — |
| — |
| $4.4M |
| — |
| FY20 | — | -$271.8 | — | — | $0 | — |
| FY19 | — | -$59.6 | — | — | $0 | — |
| FY18 | — | -$0.66 | — | — | $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 | $3.2M | $2.7M | $986K | $1.1M | $1.3M | $629K | $311K | $965K | $741K | $169K | $2.8M | $27.8M |
| YoY change | -21.1% | -24.2% | -63.8% | -84.6% | -60.8% | -76.5% | -68.5% | -9.05% | -41.6% | -73.1% | +810% | +2.8K% |
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 | 90.9M | 117.7M | 243.5M | 190.7M | 125.8M | 135.7M | 56.9M | 77.8M |
| Receivables | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — |
| Total current assets | 92.4M | 120.2M | 250M | 204.4M | 133.5M | 141.1M | 62.1M | 82.9M |
| Property, plant & equipment | 15.2M | 16.1M | 14.9M | 15M | 12.5M | 9.8M | 7.3M | 5M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — |
| Total assets | 107.7M | 146.5M | 265.3M | 235.4M | 146.7M | 151.5M | 70.1M | 88.5M |
| Accounts payable | 3M | 3.8M | 3.3M | 3M | 4.7M | 2.5M | 2.6M | 4M |
| Short-term debt | 1.3M | 2.5M | 2.5M | 2.9M | 3.1M | 3.2M | 3.5M | 3.7M |
| Total current liabilities | 7.5M | 13.8M | 30.3M | 39M | 33.1M | 23.9M | 21.7M | 21.2M |
| Long-term debt | 12.6M | 11.9M | 10.5M | 11.5M | 9.4M | 7.9M | 4.9M | 1.5M |
| Total liabilities | 121.5M | 211.4M | 45.3M | 50.6M | 42.8M | 59.4M | 99.1M | 35M |
| Shareholders' equity | -13.7M | -64.9M | 220M | 184.7M | 103.9M | 92.1M | -29M | 53.5M |
| Total debt | 13.9M | 14.3M | 13M | 14.5M | 12.6M | 11.1M | 8.4M | 5.3M |
| Net debt | -10.2M | -55.2M | -207.4M | -172.4M | -68.8M | -124.6M | -28.6M | -13.1M |
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 | 70.4M | 135.7M | 112.7M | 94.5M | 74.9M | 56.9M | 137.9M | 122.9M | 99.1M | 77.8M | 54.9M | 30.4M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | 27.8M |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 74.6M | 141.1M | 118.1M | 99.6M | 79.8M | 62.1M | 143.2M | 127.9M | 103.4M | 82.9M | 59.6M | 62.1M |
| Property, plant & equipment | 10.6M | 9.8M | 9.2M | 8.6M | 8M | 7.3M | 6.9M | 6.1M | 5.6M | 5M | 4.2M | 3.4M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 85.9M | 151.5M | 127.9M | 108.8M | 88.4M | 70.1M | 150.7M | 134.7M | 109.8M | 88.5M | 64.6M | 66.3M |
| Accounts payable | 2.9M | 2.5M | 2.8M | 6.8M | 2.7M | 2.6M | 4.5M | 3.9M | 4.7M | 4M | 7.6M | 6.4M |
| Short-term debt | 3.3M | 3.2M | 3.3M | 3.4M | 3.4M | 3.5M | 3.5M | 3.5M | 3.6M | 3.7M | 3.7M | 3.2M |
| Total current liabilities | 22.5M | 23.9M | 18.9M | 23.6M | 21M | 21.7M | 18.9M | 20.3M | 22M | 21.2M | 23.3M | 28.3M |
| Long-term debt | 8.5M | 7.9M | 7.2M | 6.5M | 5.7M | 4.9M | 4.4M | 3.3M | 2.5M | 1.5M | 659K | 288K |
| Total liabilities | 31M | 59.4M | 68.1M | 41.6M | 38.3M | 99.1M | 34.3M | 32.8M | 37.9M | 35M | 32.8M | 34.4M |
| Shareholders' equity | 54.8M | 92.1M | 59.8M | 67.2M | 50.1M | -29M | 116.4M | 101.9M | 71.8M | 53.5M | 31.8M | 31.9M |
| Total debt | 11.8M | 11.1M | 10.5M | 9.8M | 9.1M | 8.4M | 7.9M | 6.9M | 6.1M | 5.3M | 4.4M | 3.5M |
| Net debt | -58.7M | -124.6M | -13.7M | -35.2M | -26.2M | -28.6M | -65.9M | -11.8M | -35.9M | -13.1M | -25.6M | -26.9M |
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 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Net income | -13.9M | -52.3M | -108.5M | -128.3M | -96M | -87.7M | -131.2M | -24.2M |
| Depreciation & amortization | 1.3M | 2.3M | 3.3M | 3.8M | 3.7M | 3.1M | 2.6M | 2.8M |
| Stock-based compensation | 179K | 752K | 3M | 13.5M | 14.7M | 12.7M | 8.5M | 5M |
| Change in working capital | 1.7M | -1.5M | 6.5M | -14.4M | 7.6M | -10.4M | -3.6M | -1.8M |
| Operating cash flow | -9.1M | -50.7M | -84.4M | -125.5M | -70.1M | -82.4M | -123.7M | -82.5M |
| Capital expenditure | -2.5M | -2.8M | -2.1M | -892K | -943K | -19K | -130K | — |
| Investing cash flow | -69.3M | 6.8M | 32.8M | 3M | -26.3M | 45M | -18.3M | -37.4M |
| Dividends paid | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — |
| Financing cash flow | 99.8M | 84.9M | 191M | 77.6M | -61K | 17.3M | -83K | 101.3M |
| Net change in cash | 21.4M | 41M | 139.4M | -44.8M | -96.4M | -20.1M | -142.1M | -18.6M |
| Free cash flow | -8.6M | -49.6M | -76.3M | -116.6M | -80.3M | -79M | -80.9M | -82.9M |
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 | 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 | -18M | -27.9M | -34.9M | 5.1M | -19.3M | -82.2M | 43.1M | -15.9M | -31.5M | -19.9M | -23M | -1.5M |
| Depreciation & amortization | 681K | 775K | 674K | 610K | 667K | 671K | 510K | 848K | 698K | 749K | 855K | 728K |
| Stock-based compensation | 3.2M | 2.6M | 2.6M | 2.1M | 2M | 1.7M | 959K | 1.2M | 1.5M | 1.5M | 1.3M | 1.4M |
| Change in working capital | -4.7M | -4.9M | -694K | 4.1M | -5.3M | -1.7M | 930K | -483K | 132K | -2.3M | 3.1M | -1.4M |
| Operating cash flow | -18.9M | -29.4M | -32.2M | 11.8M | -21.8M | -81.5M | 45.5M | -15.5M | -24.3M | -21.7M | -23.1M | -24.9M |
| Capital expenditure | -19K | -7K | -69K | -7K | -26K | -28K | -43K | — | — | — | — | — |
| Investing cash flow | -9K | -7K | -88.6M | 40M | 10.4M | 20M | -44.1M | -39.3M | 47.9M | -1.9M | 35M | 25M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | -21K | -4K | -19K | -16K | -5K | -43K | 101.7M | -357K | -10K | -3K | -62K | -16K |
| Net change in cash | -18.9M | -29.4M | -120.9M | 51.8M | -11.4M | -61.5M | 103.2M | -55.2M | 23.5M | -23.7M | 11.8M | 34K |
| Free cash flow | -20.3M | -22.7M | -22.8M | -19.5M | -20.1M | -18.4M | -21M | -15.6M | -24.5M | -21.8M | -23.2M | -25M |