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 24 | -$1.15 | -$0.92 | +20.0% | — | $0 | — |
| Q2 24 | -$2.07 | -$1.11 | +46.4% | — | $0 | — |
| Q1 24 | -$3.62 | -$4.18 | -15.5% | — | $0 | — |
| Q4 23 | -$9.77 | -$12.2 | -24.8% | — | $0 | — |
| Q3 23 | -$9.52 | -$8.97 | +5.8% | — | $0 | — |
| Q2 23 | -$10.1 | -$11 | -9.1% | — | $0 | — |
| Q1 23 | -$10.5 | -$10.1 | +3.8% | — | $0 | — |
| Q4 22 | -$11.1 | -$8.51 | +23.5% | — | $0 | — |
| Q3 22 | -$11.3 | -$11.5 | -2.1% | — | $0 | — |
| Q2 22 | -$16.2 | -$15.9 | +1.8% | — | $0 | — |
| Q1 22 | -$18.3 | -$15.9 | +13.3% | — | $0 | — |
| Q4 21 | -$16.2 | -$21.2 | -30.3% | — | $0 | — |
| Q3 21 | -$12.2 | -$16.6 | -35.5% | — | $0 | — |
| Q2 21 | -$9.91 | -$13.8 | -39.3% | — | $0 | — |
| Q1 21 | -$8.79 | -$11.5 | -30.8% | — | $0 | — |
| Q4 20 | -$8.23 | $7.82 | +195.0% | — | $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 % |
|---|---|---|---|---|---|---|
| FY24 | — | — | — | — | $0 | — |
| FY23 | — | -$1.83 | — | — | $0 | — |
| FY22 | — | -$2.2 | — | — | $0 | — |
| FY21 | — | -$2.74 | — | — | $0 | — |
| FY20 | — | -$2.59 | — | — |
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 |
|---|---|---|---|---|---|---|---|
| Revenue | $1.1M | $165K | $0 | $0 | $0 | $0 | $0 |
| YoY change | — | -85.5% | -100% | 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.
| Period | Q1 22 | Q2 22 | Q3 22 |
|---|
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 |
|---|---|---|---|---|---|---|---|
| Revenue | 1.1M | 165K | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — |
| Research & development | 1.7M | 16.2M | 49.7M | 120.7M | 118.9M | 133.1M | 12.3M |
| Selling, general & administrative | 3M | 10.6M | 21.6M | 49.1M | 52.3M | 48.3M | 42.9M |
| Operating expenses | 4.7M | 26.9M | 71.3M | 169.8M | 171.2M | 181.3M | 55.3M |
| Operating income | -3.6M | -26.7M | -71.3M | -169.8M | -171.2M | -181.3M | -55.3M |
| Operating margin | -316.8% | -16.2K% | — | — | — | — | — |
| Non-operating income, net | 1.1M | 797K | 195K | -2.5M | 351K | -14.9M | -9M |
| Pretax income | -2.4M | -23.8M | -69.8M | -171M | -169M | -190.5M | -58.8M |
| Income tax | — | — | 0 | 1M | -265K | -126K | 0 |
| Net income | -2.4M | -23.8M | -69.8M | -172M | -168.7M | -190.4M | -58.8M |
| Net margin | -214.1% | -14.4K% | — | — | — | — | — |
| EBITDA | -3.6M | -26.7M | -71.2M | -169.6M | -170.5M | -162.4M | -45.1M |
| EPS | -0.22 | -0.57 | -2.59 | -2.74 | -2.2 | -1.83 | — |
| Diluted EPS | -0.22 | -0.57 | -2.59 | -2.74 | -2.2 | -1.83 | — |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | Q1 22 | Q2 22 | Q3 22 | Q4 22 | Q1 23 | Q2 23 | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Research & development | 29.1M | 31.4M | 30M | 28.4M | 30.7M | 34.8M | 34.2M | 33.4M | 12.2M | 93K | -246K | 320K |
| Selling, general & administrative | 14.1M | 13.2M | 12.9M | 12M | 12.5M | 12.5M | 12.8M | 10.5M | 10.7M | 7.2M | 5.9M | 19.2M |
| Operating expenses | 43.2M | 44.6M | 43M | 40.4M | 43.2M | 47.3M | 47M | 43.8M | 22.8M | 7.3M | 5.6M | 19.5M |
| Operating income | -43.2M | -44.6M | -43M | -40.4M | -43.2M | -47.3M | -47M | -43.8M | -22.8M | -7.3M | -5.6M | -19.5M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | -818K | -27K | 210K | 985K | 723K | 521K | 1.2M | -17.4M | -8.7M | -174K | 17K | -130K |
| Pretax income | -43.9M | -44.5M | -42.1M | -38.6M | -41.2M | -45.3M | -44.3M | -59.8M | -30.3M | -6.1M | -4.1M | -18.3M |
| Income tax | 0 | 150K | 0 | -415K | — | 0 | 0 | -126K | — | — | — | — |
| Net income | -43.9M | -44.6M | -42.1M | -38.1M | -41.2M | -45.3M | -44.3M | -59.7M | -30.3M | -6.1M | -4.1M | -18.3M |
| Net margin | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -42.7M | -44.5M | -42.9M | -40.3M | -43.1M | -47.2M | -46.9M | -43.7M | -13.4M | -6.8M | -5.6M | -19.4M |
| EPS | -0.69 | -0.69 | -0.5 | — | -0.44 | -0.48 | -0.39 | — | -5.98 | -1.15 | -0.92 | — |
| Diluted EPS | -0.69 | -0.69 | -0.5 | — | -0.44 | -0.48 | -0.39 | — | -5.98 | -1.15 | -0.92 | — |
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 | Current |
|---|---|---|---|---|---|---|---|---|
| Market cap | — | — | — | — | — | — | — | 14.7M |
| Enterprise value | — | — | — | — | — | — | — | 0 |
| Shares outstanding | 37.1M | 42.1M | 26.9M | 62.8M | 76.7M | 104.1M | — | — |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | Current |
|---|---|---|---|---|---|---|---|---|
| EV/EBITDA | — | — | — | — | — | — | — | 0 |
| FCF yield | — | — | — | — | — | — | — | -399.3% |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | Current |
|---|---|---|---|---|---|---|---|---|
| Operating margin | -316.8% | -16.2K% | — | — | — | — | — | — |
| Net margin | -214.1% | -14.4K% | — | — | — | — | — | — |
| ROE | 7.94% | 46.3% | -19.8% | -76.3% | -75.1% | -130.6% | -51.9% | -51.9% |
| ROA | -9.6% | -17.1% | -18.8% | -60% | -60.9% | -99.8% | -49.6% | -49.6% |
| ROIC | — | — | -1.3K% | -2.4K% | -655.7% | 1.7K% | 1.1K% | 1.1K% |
| Return on tangible assets | -9.6% | -17.1% | -18.8% | -60% | -60.9% | -99.8% | -49.6% | -49.6% |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | Current |
|---|---|---|---|---|---|---|---|---|
| Current ratio | 6.77 | 14 | 29.4 | 6.69 | 9.99 | 6.61 | 22.6 | 22.6 |
| Quick ratio | 6.77 | 14 | 29.4 | 6.69 | 9.99 | 6.61 | 22.6 | 22.6 |
| Debt / equity | 0 | -0.23 | 0.02 | 0.13 | 0.16 | 0.19 | 0 | 0 |
| Debt / assets | 0 | 0.08 | 0.02 | 0.1 | 0.13 | 0.14 | 0 | 0 |
| Net debt / EBITDA | 6.17 | 4.28 | 4.88 | 1.29 | 1.16 | 0.96 | 2.62 | 2.62 |
| Effective tax rate | — | — | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | Current |
|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0.03 | 0 | 0 | 0 | 0 | 0 | — | — |
| EPS (basic) | -0.22 | -0.57 | -2.59 | -2.74 | -2.2 | -1.83 | — | — |
| EPS (diluted) | -0.22 | -0.57 | -2.59 | -2.74 | -2.2 | -1.83 | — | — |
| Book value per share | -0.83 | -1.22 | 13.1 | 3.59 | 2.93 | 1.4 | — | — |
| FCF per share | 0.05 | -0.49 | -2.27 | -1.69 | -1.85 | -1.2 | — | -11.7 |
| Cash per share | 0.6 | 3 | 13.2 | 3.95 | 3.05 | 1.77 | — | — |
| Capex per share | 0 | 0.01 | 0.01 | 0 | 0 | — | — | — |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | Current |
|---|---|---|---|---|---|---|---|---|
| Capex / revenue | 0% | 205.5% | — | — | — | — | — | — |
| Capex / operating cash flow | 0% | -1.74% | -0.41% | -0.02% | 0% | — | — | — |
| $0 |
| — |
| FY19 | — | -$0.57 | — | — | $165K | — |
| FY18 | — | -$0.22 | — | — | $1.1M | — |
| Q4 22 |
|---|
| Q1 23 |
|---|
| Q2 23 |
|---|
| Q3 23 |
|---|
| Q4 23 |
|---|
| Q1 24 |
|---|
| Q2 24 |
|---|
| Q3 24 |
|---|
| Q4 24 |
|---|
| 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 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 |
|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 22.2M | 126.1M | 356.3M | 248.1M | 233.8M | 183.9M | 118.3M |
| Receivables | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — |
| Total current assets | 25.3M | 127.3M | 361.3M | 253.3M | 243.1M | 187.6M | 118.5M |
| Property, plant & equipment | 0 | 689K | 9.5M | 31.3M | 930K | 0 | 0 |
| Goodwill & intangibles | — | — | — | — | — | — | — |
| Total assets | 25.3M | 139.4M | 370.8M | 286.6M | 277.1M | 190.8M | 118.5M |
| Accounts payable | 153K | 630K | 963K | 8.4M | 3M | 6.8M | 247K |
| Short-term debt | — | 3.1M | 3.2M | 6.6M | 7.2M | 10.8M | — |
| Total current liabilities | 3.7M | 9.1M | 12.3M | 37.9M | 24.3M | 28.4M | 5.2M |
| Long-term debt | 0 | 8.7M | 5.5M | 23.5M | 28.2M | 16.6M | 0 |
| Total liabilities | 55.9M | 190.9M | 17.8M | 61.3M | 52.6M | 45M | 5.2M |
| Shareholders' equity | -30.6M | -51.5M | 353.1M | 225.3M | 224.5M | 145.8M | 113.3M |
| Total debt | 0 | 11.8M | 8.7M | 30.1M | 35.4M | 27.4M | 0 |
| Net debt | -22.2M | -49.3M | -114M | -171.6M | -70.7M | -62.7M | -118.3M |
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 22 | Q2 22 | Q3 22 | Q4 22 | Q1 23 | Q2 23 | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 201.4M | 172.7M | 264.1M | 233.8M | 202.6M | 246.5M | 213.3M | 183.9M | 140.5M | 129.6M | 121.9M | 118.3M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 206.4M | 176.5M | 272M | 243.1M | 212.3M | 252.9M | 220M | 187.6M | 141.5M | 129.9M | 122.5M | 118.5M |
| Property, plant & equipment | 1.1M | 997K | 943K | 930K | 844K | 759K | 673K | 0 | 0 | 0 | 0 | 0 |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 231.1M | 200M | 293.7M | 277.1M | 244M | 282.7M | 248.3M | 190.8M | 144.1M | 131M | 122.5M | 118.5M |
| Accounts payable | 4.5M | 5.5M | 4.9M | 3M | 4.1M | 5.2M | 3.9M | 6.8M | 765K | 110K | 51K | 247K |
| Short-term debt | 2.4M | 2.2M | 1.9M | 7.2M | 8.3M | 8.5M | 13M | 10.8M | 2.3M | 667K | — | — |
| Total current liabilities | 18.6M | 21.6M | 20.7M | 24.3M | 25M | 30.6M | 33.1M | 28.4M | 7.7M | 2.4M | 1.4M | 5.2M |
| Long-term debt | 20.8M | 20.3M | 19.8M | 28.2M | 25.6M | 23M | 19.9M | 16.6M | 16M | 8.3M | 0 | 0 |
| Total liabilities | 39.4M | 41.9M | 40.5M | 52.6M | 50.5M | 53.6M | 53M | 45M | 23.7M | 10.7M | 1.4M | 5.2M |
| Shareholders' equity | 191.7M | 158.1M | 253.2M | 224.5M | 193.5M | 229.1M | 195.3M | 145.8M | 120.4M | 120.3M | 121.1M | 113.3M |
| Total debt | 23.1M | 22.5M | 21.7M | 35.4M | 33.8M | 31.5M | 32.9M | 27.4M | 18.3M | 9M | 0 | 0 |
| Net debt | -77.1M | -48.6M | -102.2M | -70.7M | -81.9M | -165.5M | -62.7M | -62.7M | -67.7M | -95.7M | -116.9M | -118.3M |
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 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 |
|---|---|---|---|---|---|---|---|
| Net income | -2.4M | -23.8M | -69.8M | -172M | -168.7M | -190.4M | -58.8M |
| Depreciation & amortization | 0 | 19K | 73K | 189K | 723K | 398K | 0 |
| Stock-based compensation | 967K | 2.9M | 9.4M | 44M | 41.3M | 40.8M | 26.3M |
| Change in working capital | 3.4M | 2M | 2.8M | 19.6M | -12.2M | -3.5M | -28.5M |
| Operating cash flow | 2M | -19.5M | -57.4M | -107.3M | -137.1M | -144.8M | -69.7M |
| Capital expenditure | 0 | -339K | -235K | -26K | 0 | — | — |
| Investing cash flow | 0 | -64.6M | -169.5M | 186M | -80.5M | 38M | 95M |
| Dividends paid | — | — | — | — | — | — | — |
| Share repurchases | -10M | 0 | — | — | — | — | — |
| Financing cash flow | 22.9M | 120.9M | 292M | 0 | 126.4M | 70.2M | 0 |
| Net change in cash | 24.8M | 36.7M | 65M | 78.7M | -91.1M | -36.7M | 25.3M |
| Free cash flow | 1.9M | -20.5M | -61M | -106.3M | -142.1M | -124.5M | -67.7M |
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 | Q1 22 | Q2 22 | Q3 22 | Q4 22 | Q1 23 | Q2 23 | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -43.9M | -44.6M | -42.1M | -38.1M | -41.2M | -45.3M | -44.3M | -59.7M | -30.3M | -6.1M | -4.1M | -18.3M |
| Depreciation & amortization | 466K | 86K | 85K | 86K | 86K | 85K | 86K | 141K | 0 | 0 | 0 | 0 |
| Stock-based compensation | 10.5M | 11M | 10.9M | 9M | 10M | 10.3M | 10.5M | 10M | 5M | 5.9M | 4.9M | 10.5M |
| Change in working capital | -13.8M | 3.6M | -569K | -1.5M | -451K | 5.3M | -2.7M | -5.6M | -15.6M | -9.6M | -7.2M | 3.9M |
| Operating cash flow | -46.3M | -29.6M | -31.6M | -29.5M | -31.1M | -29.8M | -32.9M | -51.1M | -46.4M | -11.5M | -7.9M | -3.9M |
| Capital expenditure | 0 | 0 | 0 | 0 | — | — | — | — | — | — | — | — |
| Investing cash flow | -55M | -479K | -38.6M | 13.5M | 41.7M | 37.9M | -66.9M | 25.2M | 40M | 30M | 20M | 5M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | — | — | 126.4M | 0 | — | — | 0 | 0 | — | — | 0 | 0 |
| Net change in cash | -101.3M | -30.1M | 56.3M | -16M | 10.7M | 8.1M | -99.7M | -25.9M | -6.3M | 18.5M | 12.1M | 1.1M |
| Free cash flow | -46.5M | -28.9M | -35.1M | -31.6M | -32.1M | -27.1M | -34.5M | -30.7M | -44.4M | -11.3M | -8.4M | -3.6M |