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 % |
|---|---|---|---|---|---|---|
| Q1 27 | -$6.41 | -$5.02 | +21.7% | — | $0 | — |
| Q3 26 | -$9.66 | -$7.56 | +21.7% | — | $0 | — |
| Q2 26 | -$31.5 | -$29 | +8.0% | — | $0 | — |
| Q1 26 | -$20.6 | -$22.5 | -9.2% | — | $0 | — |
| Q4 25 | -$25.9 | -$15.5 | +40.1% | — | $0 | — |
| Q3 25 | -$50.4 | -$30.7 | +39.2% | — | $0 | — |
| Q2 25 | — | -$51.9 | — | — | $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 % |
|---|---|---|---|---|---|---|
| FY26 | — | -$48.7 | — | — | $0 | — |
| FY25 | — | -$6.46 | — | — | $0 | — |
| FY24 | — | -$21 | — | — | $0 | — |
| FY23 | — | -$1.88 | — | — | $0 | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 |
| YoY change | — | 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 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 | Q3 26 | Q4 26 | Q1 27 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — |
| Gross profit | — | — | — | — |
| Gross margin | — | — | — | — |
| Research & development | 745K | 2.2M | 4.7M | 7.1M |
| Selling, general & administrative | 1.2M | 5.2M | 6.9M | 9.9M |
| Operating expenses | 2M | 7.5M | 11.6M | 17M |
| Operating income | -2M | -7.5M | -11.6M | -17M |
| Operating margin | — | — | — | — |
| Non-operating income, net | — | -8M | — | — |
| Pretax income | -2M | -15.4M | -11.4M | -16.7M |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -2M | -15.4M | -11.4M | -16.7M |
| Net margin | — | — | — | — |
| EBITDA | -2M | -7.3M | -11.1M | -16.7M |
| EPS | -1.88 | -21 | -6.46 | -48.7 |
| Diluted EPS | -1.88 | -21 | -6.46 | -48.7 |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 | Q3 26 | Q4 26 | Q1 27 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Research & development | 471K | 687K | 841K | 954K | 1.2M | 1M | 1.6M | 1.6M | 2.4M | 1.7M | 1.5M | 1.5M |
| Selling, general & administrative | 793K | 2.2M | 1.6M | 1.8M | 1.7M | 1.7M | 1.7M | 1.8M | 5.2M | 1.6M | 1.3M | 1.3M |
| Operating expenses | 1.3M | 2.9M | 2.4M | 2.8M | 2.8M | 2.7M | 3.3M | 3.4M | 7.5M | 3.3M | 2.7M | 2.8M |
| Operating income | -1.3M | -2.9M | -2.4M | -2.8M | -2.8M | -2.7M | -3.3M | -3.4M | -7.5M | -3.3M | -2.7M | -2.8M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | -4.8M | -179K | -3M | — | — | — | — | — | — | — | — | — |
| Pretax income | -6M | -3.1M | -5.4M | -2.7M | -2.8M | -2.7M | -3.2M | -3.3M | -7.5M | -3.3M | -2.7M | -2.7M |
| Income tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income | -6M | -3.1M | -5.4M | -2.7M | -2.8M | -2.7M | -3.2M | -3.3M | -7.5M | -3.3M | -2.7M | -2.7M |
| Net margin | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -1.2M | -2.9M | -2.3M | -2.6M | -2.7M | -2.6M | -3.1M | -3.3M | -7.4M | -3.3M | -2.7M | -2.8M |
| EPS | -5.72 | -2.95 | — | -2.8 | -2.47 | -1.46 | — | -22.5 | -29 | -7.56 | — | -5.02 |
| Diluted EPS | -5.72 | -2.95 | — | -2.8 | -2.47 | -1.46 | — | -22.5 | -29 | -7.56 | — | -5.02 |
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 | FY23 | FY24 | FY25 | FY26 | Current |
|---|---|---|---|---|---|
| Market cap | — | — | — | — | 7.5M |
| Enterprise value | — | — | — | — | 443.6K |
| Shares outstanding | 1.1M | 731.3K | 1.8M | 343.7K | 343.7K |
| Metric | FY23 | FY24 | FY25 | FY26 | Current |
|---|---|---|---|---|---|
| P/E | — | — | — | — | -0.08 |
| P/B | — | — | — | — | 0.69 |
| EV/EBITDA | — | — | — | — | -0.03 |
| Earnings yield | — | — | — | — | -1.3K% |
| FCF yield | — | — | — | — | -101.6% |
| PEG | — | — | — | — | 0 |
| Metric | FY23 | FY24 | FY25 | FY26 | Current |
|---|---|---|---|---|---|
| Operating margin | — | — | — | — | 0% |
| Net margin | — | — | — | — | 0% |
| ROE | -309% | -202.2% | -140.9% | -283.5% | -316% |
| ROA | -230.1% | -164% | -116.4% | -219.9% | -157.8% |
| ROIC | 900.5% | -34K% | 1.1K% | 1.5K% | 5.5K% |
| Return on tangible assets | -230.1% | -164% | -116.4% | -219.9% | -404.7% |
| Metric | FY23 | FY24 | FY25 | FY26 | Current |
|---|---|---|---|---|---|
| Current ratio | 3.91 | 12.1 | 5.63 | 4.45 | 4.85 |
| Quick ratio | 3.91 | 12.1 | 5.63 | 4.45 | 4.85 |
| Debt / equity | — | 0.13 | — | — | 0 |
| Debt / assets | — | 0.11 | — | — | — |
| Net debt / EBITDA | — | 1.05 | — | — | 0.21 |
| Interest coverage | — | -194.3 | -63.8 | — | — |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% |
| Metric | FY23 | FY24 | FY25 | FY26 | Current |
|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 0 | 0 | 0 |
| EPS (basic) | -1.88 | -21 | -6.46 | -48.7 | -48.7 |
| EPS (diluted) | -1.88 | -21 | -6.46 | -48.7 | -31.1 |
| Book value per share | 0.61 | 10.4 | 4.58 | 17.2 | 5.83 |
| FCF per share | -1.76 | -9.12 | -4.68 | -35.8 | -24.3 |
| Cash per share | 0.82 | 11.8 | 5.17 | 20.4 | 3.56 |
| Capex per share | 0 | 0.03 | 0.01 | — | — |
| Metric | FY23 | FY24 | FY25 | FY26 | Current |
|---|---|---|---|---|---|
| Capex / operating cash flow | 0% | -0.13% | -0.16% | — | — |
| Payout ratio | — | — | — | — | 0% |
| 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% |
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 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Cash & short-term investments | 865K | 8.6M | 9.1M | 7M |
| Receivables | — | — | — | — |
| Inventory | — | — | — | — |
| Total current assets | 865K | 9.4M | 9.6M | 7.6M |
| Property, plant & equipment | — | — | — | — |
| Goodwill & intangibles | — | — | — | — |
| Total assets | 865K | 9.4M | 9.8M | 7.6M |
| Accounts payable | 173K | 492K | 676K | 700K |
| Short-term debt | — | — | — | — |
| Total current liabilities | 221K | 777K | 1.7M | 1.7M |
| Long-term debt | — | 1M | — | — |
| Total liabilities | 221K | 1.8M | 1.7M | 1.7M |
| Shareholders' equity | 644K | 7.6M | 8.1M | 5.9M |
| Total debt | — | 1M | — | — |
| Net debt | — | -7.6M | — | — |
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 | Q4 23 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 | Q3 26 | Q4 26 | Q1 27 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 865K | 1.2M | 8.6M | 6.8M | 5.2M | 11.8M | 9.1M | 8.6M | 7.5M | 9.9M | 7M | 3.5M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 865K | 1.7M | 9.4M | 7.1M | 5.4M | 11.9M | 9.6M | 9M | 7.9M | 10.2M | 7.6M | 4M |
| Property, plant & equipment | — | — | — | — | — | — | — | — | — | — | — | — |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 865K | 1.8M | 9.4M | 7.1M | 5.4M | 12M | 9.8M | 9M | 7.9M | 10.2M | 7.6M | 4M |
| Accounts payable | 173K | 663K | 492K | 287K | 574K | 232K | 676K | 815K | 842K | 714K | 700K | 371K |
| Short-term debt | — | — | — | — | — | 1.1M | — | — | — | — | — | — |
| Total current liabilities | 221K | 973K | 777K | 763K | 1.3M | 2.2M | 1.7M | 2M | 1.5M | 1.6M | 1.7M | 818K |
| Long-term debt | — | 1.5M | 1M | 1M | 1.1M | — | — | — | — | — | — | — |
| Total liabilities | 221K | 7.4M | 1.8M | 1.8M | 2.3M | 2.2M | 1.7M | 2M | 1.5M | 1.6M | 1.7M | 818K |
| Shareholders' equity | 644K | -5.6M | 7.6M | 5.3M | 3M | 9.7M | 8.1M | 7M | 6.4M | 8.6M | 5.9M | 3.2M |
| Total debt | — | 1.5M | 1M | 1M | 1.1M | 1.1M | — | — | — | — | — | — |
| Net debt | — | 239K | -7.6M | -5.7M | -4.1M | -10.7M | — | — | — | — | — | — |
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 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Net income | -2M | -15.4M | -11.4M | -16.7M |
| Depreciation & amortization | 0 | 81K | 183K | 12K |
| Stock-based compensation | 0 | 618K | 1.6M | 796K |
| Change in working capital | 90K | -158K | 494K | -80K |
| Operating cash flow | -1.9M | -14.9M | -9M | -12.3M |
| Capital expenditure | 0 | -19K | -14K | — |
| Investing cash flow | 0 | -19K | -14K | — |
| Dividends paid | — | — | — | — |
| Share repurchases | — | — | — | — |
| Financing cash flow | 675K | 14.4M | 8.8M | 7.6M |
| Net change in cash | -1.2M | -494K | -219K | -4.7M |
| Free cash flow | -1.9M | -6.7M | -8.3M | -12.3M |
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 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 | Q3 26 | Q4 26 | Q1 27 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -6M | -3.1M | -5.4M | -2.7M | -2.8M | -2.7M | -3.2M | -3.3M | -7.5M | -3.3M | -2.7M | -2.7M |
| Depreciation & amortization | 0 | 35K | 46K | 43K | 45K | 47K | 48K | 3K | 2K | 4K | 3K | 3K |
| Stock-based compensation | 151K | 212K | 255K | 360K | 445K | 418K | 405K | 388K | 405K | 2K | 1K | 2K |
| Change in working capital | -17K | -144K | -181K | 253K | 413K | -252K | 80K | 224K | -1K | -5K | -298K | -256K |
| Operating cash flow | -5.9M | -3M | -5.3M | -2M | -1.9M | -2.5M | -2.7M | -2.6M | -3.8M | -3M | -2.9M | -3.5M |
| Capital expenditure | 0 | -16K | -3K | -5K | 0 | -5K | -4K | — | — | — | — | — |
| Investing cash flow | 0 | -16K | -3K | -5K | 0 | -5K | -4K | — | — | — | — | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 0 | 1.6M | 9.7M | 0 | 0 | 10M | -174K | 2.1M | -342K | 4.5M | -30K | 0 |
| Net change in cash | -5.9M | -1.4M | 4.4M | -2M | -1.9M | 7.5M | -2.8M | -547K | -4.2M | 1.6M | -2.9M | -3.5M |
| Free cash flow | -1.1M | -2.6M | -2.3M | -1.9M | -1.6M | -2.3M | -2.5M | -2.6M | -3.8M | -3M | -2.9M | -3.5M |