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 | — | -$1.11 | — | — | $5M | — |
| FY24 | — | -$1.62 | — | — | $0 | — |
| FY23 | — | -$7.56 | — | — | $0 | — |
| FY22 | — | -$1.59 | — | — | $0 | — |
| FY21 | — | -$1.54 | — | — | $45.7M | — |
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 | $45.7M | $0 | $0 | $0 | $5M |
| YoY change | — | -100% | 0% | 0% | +InfinityT% |
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 | Q1 23 | Q2 23 |
|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 |
| YoY change | — | — | 0% | 0% |
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 | 45.7M | 0 | 0 | 0 | 5M |
| Cost of revenue | — | — | — | — | — |
| Gross profit | — | — | — | — | — |
| Gross margin | — | — | — | — | — |
| Research & development | 42.1M | 54.5M | 58.2M | 44.9M | 32.8M |
| Selling, general & administrative | 12.4M | 12.4M | 14.8M | 9.4M | 7.8M |
| Operating expenses | 54.4M | 66.7M | 72.1M | 52.4M | 40.2M |
| Operating income | -8.6M | -67.3M | -72.6M | -52.9M | -35.7M |
| Operating margin | -18.9% | — | — | — | -714% |
| Non-operating income, net | -46.7M | 8.9M | -35.9M | 3M | 1.7M |
| Pretax income | -56.7M | -58.8M | -109.2M | -51.9M | -35.5M |
| Income tax | 0 | 0 | 0 | 0 | 0 |
| Net income | -56.7M | -58.8M | -109.2M | -51.9M | -35.5M |
| Net margin | -124% | — | — | — | -710.6% |
| EBITDA | -54.3M | -57.4M | -106.3M | -48.1M | -32.6M |
| EPS | -1.54 | -1.59 | -7.56 | -1.62 | -1.11 |
| Diluted EPS | -1.54 | -1.59 | -7.56 | -1.62 | -1.11 |
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 | Q1 23 | Q2 23 |
|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — |
| Gross profit | — | — | — | — |
| Gross margin | — | — | — | — |
| Research & development | 8.9M | 13M | 13.3M | 13.9M |
| Selling, general & administrative | 2.5M | 4.5M | 2.1M | 3.1M |
| Operating expenses | 11.3M | 17.5M | 15.3M | 16.9M |
| Operating income | -11.3M | -17.5M | -15.3M | -16.9M |
| Operating margin | — | — | — | — |
| Non-operating income, net | 313K | 14.1M | 258K | -46.4M |
| Pretax income | -11.1M | -3.5M | -15M | -63.4M |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -11.1M | -3.5M | -15M | -63.4M |
| Net margin | — | — | — | — |
| EBITDA | -10.6M | -3.3M | -14.4M | -62.6M |
| EPS | -0.3 | — | -0.4 | — |
| Diluted EPS | -0.3 | — | -0.4 | — |
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 | 117.9M | 64M | 98.5M | 60.9M | 8.1M |
| Receivables | — | — | — | — | — |
| Inventory | — | — | — | — | — |
| Total current assets | 124.5M | 66.3M | 101.2M | 64.1M | 26.9M |
| Property, plant & equipment | 3.9M | 3.8M | 2.7M | 1.8M | 1.2M |
| Goodwill & intangibles | 194K | 178K | 126K | 80K | 38K |
| Total assets | 131.7M | 72.6M | 130.2M | 71.3M | 34.4M |
| Accounts payable | 3M | 13.1M | 14.3M | 10.1M | 12.6M |
| Short-term debt | 11.3M | 5.3M | 31.1M | 26.8M | 25.2M |
| Total current liabilities | 17.5M | 312.7M | 49.7M | 45.4M | 41.6M |
| Long-term debt | 2.1M | 1.2M | 469K | 425K | 1.1M |
| Total liabilities | 317.1M | 313.9M | 55.1M | 45.8M | 42.8M |
| Shareholders' equity | -185.4M | -241.3M | 75M | 25.5M | -8.3M |
| Total debt | 13.3M | 6.5M | 31.5M | 27.2M | 26.4M |
| Net debt | -50.8M | -36.2M | -59.9M | -33.7M | 18.3M |
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 23 | Q2 23 |
|---|---|---|
| Cash & short-term investments | 59.8M | 60M |
| Receivables | — | — |
| Inventory | — | — |
| Total current assets | 61.7M | 61.5M |
| Property, plant & equipment | 3.6M | 3.1M |
| Goodwill & intangibles | 164K | 144K |
| Total assets | 67.5M | 66.5M |
| Accounts payable | 15.4M | 16.9M |
| Short-term debt | 11.2M | 20.5M |
| Total current liabilities | 321.5M | 383.4M |
| Long-term debt | 945K | 664K |
| Total liabilities | 322.4M | 384M |
| Shareholders' equity | -254.9M | -317.5M |
| Total debt | 12.2M | 21.2M |
| Net debt | -47.7M | -38.9M |
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 | — | — | — | — | — | 991.7M |
| Enterprise value | — | — | — | — | — | 794M |
| Shares outstanding | 36.9M | 36.9M | 14.4M | 31.9M | 32M | 32M |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | -13.8 |
| P/S | — | — | — | — | — | 55.4 |
| P/B | — | — | — | — | — | 4.66 |
| EV/EBITDA | — | — | — | — | — | -36.7 |
| EV/Sales | — | — | — | — | — | 44 |
| Earnings yield | — | — | — | — | — | -7.22% |
| FCF yield | — | — | — | — | — | -1.15% |
| PEG | — | — | — | — | — | -52.8 |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Operating margin | -18.9% | — | — | — | -714% | -44.2% |
| Net margin | -124% | — | — | — | -710.6% | -124.8% |
| ROE | 30.6% | 24.4% | -145.5% | -203.5% | 426.9% | -20.2% |
| ROA | -43% | -81% | -83.9% | -72.8% | -103.2% | -8.7% |
| ROIC | 2.98% | 22.5% | -896.2% | 645.6% | -357.1% | 17.1% |
| Return on tangible assets | -43.1% | -81.2% | -84% | -72.9% | -103.3% | -140.1% |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Current ratio | 7.12 | 0.21 | 2.04 | 1.41 | 0.65 | 9.55 |
| Quick ratio | 7.12 | 0.21 | 2.04 | 1.41 | 0.65 | 0.16 |
| Debt / equity | -0.07 | -0.03 | 0.42 | 1.07 | -3.17 | 0.12 |
| Debt / assets | 0.1 | 0.09 | 0.24 | 0.38 | 0.77 | 0.32 |
| Net debt / EBITDA | 1.93 | 1 | 0.63 | 0.7 | -0.56 | 0.43 |
| Interest coverage | -96.9 | -134.8 | -137.1 | -25.7 | -22.9 | -183.1 |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Revenue per share | 1.24 | 0 | 0 | 0 | 0.16 | 0.45 |
| EPS (basic) | -1.54 | -1.59 | -7.56 | -1.62 | -1.11 | -1.11 |
| EPS (diluted) | -1.54 | -1.59 | -7.56 | -1.62 | -1.11 | -0.66 |
| Book value per share | -5.03 | -6.54 | 5.19 | 0.8 | -0.26 | 3.34 |
| FCF per share | -0.11 | -1.21 | -3.94 | -1.63 | -1.05 | -0.06 |
| Cash per share | 3.2 | 1.74 | 6.82 | 1.91 | 0.25 | 3.62 |
| Capex per share | 0.03 | 0.03 | — | — | — | — |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Capex / revenue | 2.23% | — | — | — | — | — |
| Capex / operating cash flow | -32.1% | -3.08% | — | — | — | -1.64% |
| Payout ratio | 0% | 0% | 0% | 0% | 0% | 0% |
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 | -56.7M | -58.8M | -109.2M | -51.9M | -35.5M |
| Depreciation & amortization | 1.8M | 2M | 2.2M | 1.9M | 1.4M |
| Stock-based compensation | 3.4M | 6.1M | 4.3M | 2.5M | 1.5M |
| Change in working capital | 50K | 10.2M | 6.3M | -4.2M | -2.5M |
| Operating cash flow | -3.2M | -40M | -56.7M | -51.8M | -33.5M |
| Capital expenditure | -1M | -1.2M | — | — | — |
| Investing cash flow | -54.8M | 28.4M | -10.8M | 27.5M | -15.4M |
| Dividends paid | 0 | 0 | 0 | 0 | 0 |
| Share repurchases | — | — | — | — | — |
| Financing cash flow | 87.2M | -19.8M | 92.8M | -53.4M | -42.4M |
| Net change in cash | 29.3M | -31.4M | 25.3M | -77.7M | -91.2M |
| Free cash flow | -4.2M | -44.5M | -56.9M | -52M | -33.6M |
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 | Q1 23 | Q2 23 |
|---|---|---|---|---|
| Net income | -11.1M | -3.5M | -15M | -63.4M |
| Depreciation & amortization | 522K | 489K | 534K | 653K |
| Stock-based compensation | 1M | 2.2M | 1.1M | 1.3M |
| Change in working capital | 585K | 2.4M | 2.3M | 1.5M |
| Operating cash flow | -8.8M | -12.4M | -11M | -13.9M |
| Capital expenditure | -203K | -468K | -22K | -63K |
| Investing cash flow | 4.1M | 1.8M | 21.3M | 39K |
| Dividends paid | 0 | 0 | 0 | 0 |
| Share repurchases | — | — | — | — |
| Financing cash flow | -12.6M | -3.3M | 4.1M | 6.7M |
| Net change in cash | -17.3M | -13.9M | 14.5M | -7.2M |
| Free cash flow | -12.2M | -11.8M | -10M | -8.4M |