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 % |
|---|---|---|---|---|---|---|
| Q4 21 | — | -$0.5 | — | — | — | — |
| Q3 21 | — | -$7.1 | — | — | — | — |
| Q2 21 | — | -$4.7 | — | — | — | — |
| Q1 21 | — | $2 | — | — | — | — |
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 | — |
| FY24 | — | -$7.8 | — | — | $0 | — |
| FY23 | — | -$0.62 | — | — | $431.4K | — |
| FY22 | — | -$2.75 | — | — | $1.3M | — |
| FY21 | — | -$7.15 | — | — | $1.5M | — |
| FY20 | — | $2.03 | — | — | $911.5K | — |
| FY19 | — | -$6.4 | — | — | $535.2K | — |
| FY18 | — | -$5.3 | — | — | $383.4K | — |
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 | $383.4K | $535.2K | $911.5K | $1.5M | $1.3M | $431.4K | $0 | $0 |
| YoY change | — | +39.6% | +70.3% | +69.1% | -15.9% | -66.7% | -100% | 0% |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | Q3 24 | Q4 24 |
|---|
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 | 383.4K | 535.2K | 911.5K | 1.5M | 1.3M | 431.4K | 0 | 0 |
| Cost of revenue | 318K | 794.5K | 1M | 1.5M | 1.2M | 420.8K | 0 | 0 |
| Gross profit | 65.4K | -259.4K | -103.5K | 81.9K | 80.1K | 10.6K | 0 | 0 |
| Gross margin | 17.1% | -48.5% | -11.4% | 5.31% | 6.18% | 2.45% | — | — |
| Research & development | 3.1M | 6.9M | 11.6M | 10.9M | 9.2M | 5.2M | 2.2M | 352.9K |
| Selling, general & administrative | 6.7M | 10.4M | 7.7M | 8M | 8M | 4.4M | 1.5M | 1.6M |
| Operating expenses | 10.4M | 17.5M | 20.2M | 19.3M | 17.1M | 10.6M | 3M | 1.8M |
| Operating income | -10.3M | -18.2M | -20.3M | -19.2M | -17.2M | -10.6M | -3M | -1.8M |
| Operating margin | -2.7K% | -3.4K% | -2.2K% | -1.2K% | -1.3K% | -2.5K% | — | — |
| Non-operating income, net | -348.2K | 1.8M | 25.4M | -7.8M | 5.5M | 6.4M | -1M | 536.8K |
| Pretax income | -15.1M | -20.1M | 4.9M | -27.1M | -11.5M | -4.3M | -4.2M | -1.4M |
| Income tax | — | — | — | — | — | — | — | — |
| Net income | -15.1M | -20.1M | 4.9M | -27.1M | -11.5M | -4.3M | -4.2M | -1.4M |
| Net margin | -3.9K% | -3.8K% | 539.8% | -1.8K% | -889.4% | -1K% | — | — |
| EBITDA | -9.6M | -16.6M | -18.5M | -10.1M | -21.1M | -15.6M | -1.7M | -2.4M |
| EPS | -5.3 | -6.4 | 2.03 | -7.15 | -2.75 | -0.62 | -7.8 | — |
| Diluted EPS | -5.3 | -6.4 | 2 | -7.15 | -2.75 | -0.62 | -7.8 | — |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | Q3 24 | Q4 24 | Q3 25 | Q4 25 |
|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — |
| Gross profit | — | — | — | — |
| Gross margin | — | — | — | — |
| Research & development | 440.7K | -284.5K | 241.8K | 91.7K |
| Selling, general & administrative | 321.8K | 445.3K | 411.9K | 617.2K |
| Operating expenses | 692.4K | -562.1K | 589.6K | 825.1K |
| Operating income | -692.4K | 558.6K | -589.6K | -825.1K |
| Operating margin | — | — | — | — |
| Non-operating income, net | 4.6K | -1.3M | — | — |
| Pretax income | -728.5K | -770.3K | -616.6K | -310.5K |
| Income tax | — | — | — | — |
| Net income | -728.5K | -770.3K | -616.6K | -310.5K |
| Net margin | — | — | — | — |
| EBITDA | -687.8K | 1.3M | -589.6K | -1.4M |
| EPS | — | — | — | — |
| Diluted EPS | — | — | — | — |
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 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| Market cap | — | 423.7M | 459.8M | 76.9M | — | 19.6M | — | — | — | 3.9M |
| Enterprise value | — | 420.9M | 460M | 47.7M | — | 24.5M | — | — | — | -2.2M |
| Shares outstanding | — | 2.8M | 2.9M | 3.1M | 3.5M | 3.6M | 4.5M | 545.3K | — | — |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | 15.6 | — | — | — | — | — | 2.81 |
| P/S | — | 1.1K | 859.1 | 84.4 | — | 15.2 | — | — | — | — |
| P/B | — | 12.9 | 31 | 2.02 | — | 2.51 | — | — | — | 0.02 |
| EV/EBITDA | — | -43.6 | -27.7 | -2.57 | — | -1.16 | — | — | — | 1.4 |
| EV/Sales | — | 1.1K | 859.6 | 52.4 | — | 18.9 | — | — | — | — |
| Earnings yield | — | — | — | 6.4% | — | — | — | — | — | 35.6% |
| FCF yield | — | -3.8% | -3.15% | -20.9% | — | -63.7% | — | — | — | -28.3% |
| PEG | — | — | — | — | — | — | — | — | — | -0.99 |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin | — | 17.1% | -48.5% | -11.4% | 5.31% | 6.18% | 2.45% | — | — | — |
| Operating margin | — | -2.7K% | -3.4K% | -2.2K% | -1.2K% | -1.3K% | -2.5K% | — | — | 0% |
| Net margin | — | -3.9K% | -3.8K% | 539.8% | -1.8K% | -889.4% | -1K% | — | — | 0% |
| ROE | — | -46.2% | -135.5% | 12.9% | -154.9% | -147.1% | -28.2% | -35.3% | -9.98% | -10.8% |
| ROA | — | -33.6% | -84% | 11.1% | -123.8% | -55.2% | -21% | -25.8% | -7.36% | -6.52% |
| Return on tangible assets | — | -35.8% | -94.3% | 11.6% | -134.6% | -59.5% | -21.3% | -25.8% | -7.36% | -13% |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | — | 2.36 | 3 | 8.7 | 2.9 | 0.57 | 1.18 | 0.22 | 0.78 | 0.78 |
| Quick ratio | — | 2.35 | 2.99 | 8.69 | 2.89 | 0.56 | 1.18 | 0.22 | 0.78 | 0.78 |
| Debt / equity | — | 0.31 | 0.44 | 0.07 | 0.01 | 0.88 | 0.21 | 0.28 | 0.25 | 0.25 |
| Debt / assets | — | 0.23 | 0.27 | 0.06 | 0.01 | 0.33 | 0.16 | 0.21 | 0.18 | 0.18 |
| Net debt / EBITDA | — | 0.28 | -0.01 | 1.57 | 0.81 | -0.23 | -0.08 | -1.47 | 0 | 0.01 |
| Interest coverage | — | -2.39 | -4.44 | 21.2 | -205.2 | — | — | — | — | — |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | — | 0.14 | 0.18 | 0.29 | 0.44 | 0.36 | 0.1 | 0 | — | — |
| EPS (basic) | — | -5.3 | -6.4 | 2.03 | -7.15 | -2.75 | -0.62 | -7.8 | — | — |
| EPS (diluted) | — | -5.3 | -6.4 | 2 | -7.15 | -2.75 | -0.62 | -7.8 | — | -1.9 |
| Book value per share | — | 11.7 | 5.12 | 12.3 | 5 | 2.19 | 3.4 | 21.6 | — | 28.4 |
| FCF per share | — | -5.77 | -5 | -5.17 | -4.22 | -3.5 | -1.71 | -2.18 | — | -1.35 |
| Cash per share | — | 4.67 | 2.16 | 10.2 | 2.39 | 0.56 | 0.44 | 1.6 | — | 4.24 |
| Capex per share | — | 2.02 | 0.29 | 0.29 | 0.04 | 0.05 | — | — | — | — |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| Capex / revenue | — | 1.5K% | 156.4% | 97.6% | 8.55% | 14.4% | — | — | — | — |
| Capex / operating cash flow | — | -55% | -7.08% | 10.3% | -0.59% | -2.64% | — | — | — | — |
| Payout ratio | — | — | — | — | — | — | — | — | — | 0% |
| Q3 25 |
|---|
| Q4 25 |
|---|
| Revenue | $0 | $0 | $0 | $0 |
| YoY change | — | — | 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 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 18.2M | 13M | 6.3M | 31.9M | 8.4M | 2M | 2M | 874.2K | 3.5M |
| Receivables | 0 | 2.8K | 40.5K | 62.2K | 78.7K | 174.4K | 47.7K | 0 | — |
| Inventory | 0 | 30.6K | 34.2K | 39.1K | 35.8K | 27.7K | 0 | — | — |
| Total current assets | 20.3M | 28.7M | 8M | 33.7M | 12.7M | 7.1M | 2.5M | 959.6K | 3.6M |
| Property, plant & equipment | 346.6K | 2.8M | 5.8M | 4.8M | 3.9M | 2.8M | 1.7M | 0 | 0 |
| Goodwill & intangibles | 2.9M | 2.8M | 2.6M | 1.9M | 1.8M | 1.5M | 294.7K | 0 | 0 |
| Total assets | 31.6M | 45.1M | 24M | 44.2M | 21.9M | 20.9M | 20.6M | 16.1M | 18.7M |
| Accounts payable | 0 | 40.1K | — | — | — | — | — | — | — |
| Short-term debt | 480K | 10.2M | 46.6K | 482K | 193.3K | 6.3M | 125.2K | 3.3M | 3.4M |
| Total current liabilities | 1.3M | 12.2M | 2.7M | 3.9M | 4.4M | 12.5M | 2.1M | 4.3M | 4.6M |
| Long-term debt | 0 | 143.9K | 6.4M | 2.2M | 23.9K | 530.8K | 3.2M | 14.2K | 0 |
| Total liabilities | 1.3M | 12.3M | 9.1M | 6.1M | 4.4M | 13M | 5.3M | 4.4M | 4.9M |
| Shareholders' equity | 30.2M | 32.7M | 14.9M | 38.2M | 17.5M | 7.8M | 15.4M | 11.8M | 13.8M |
| Total debt | 480K | 10.3M | 6.5M | 2.7M | 217.2K | 6.9M | 3.3M | 3.4M | 3.4M |
| Net debt | -15.8M | -1.7M | 1.3M | -802.9K | -7.9M | 5M | 1.3M | 2.5M | -10K |
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 24 | Q3 25 | Q4 25 |
|---|---|---|---|
| Cash & short-term investments | 874.2K | 2.3M | 3.5M |
| Receivables | 0 | — | — |
| Inventory | — | — | — |
| Total current assets | 959.6K | 2.5M | 3.6M |
| Property, plant & equipment | 0 | 0 | 0 |
| Goodwill & intangibles | 0 | — | 0 |
| Total assets | 16.1M | 17.6M | 18.7M |
| Accounts payable | — | — | — |
| Short-term debt | 3.3M | 3.4M | 3.4M |
| Total current liabilities | 4.3M | 4.4M | 4.6M |
| Long-term debt | 14.2K | 0 | 0 |
| Total liabilities | 4.4M | 4.4M | 4.9M |
| Shareholders' equity | 11.8M | 13.2M | 13.8M |
| Total debt | 3.4M | 3.4M | 3.4M |
| Net debt | 2.5M | 1.2M | -10K |
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 | -15.1M | -20.1M | 4.9M | -27.1M | -11.5M | -4.3M | -4.2M | -1.4M |
| Depreciation & amortization | 682.3K | 1.3M | 1.3M | 1.2M | 1.6M | 1.4M | 305.6K | 0 |
| Stock-based compensation | 0 | 1.6M | 1.5M | 1.7M | 1.6M | 1.3M | 0 | 0 |
| Change in working capital | -278.8K | 1.2M | 166.1K | 1.3M | 1.4M | 441K | -210.1K | -102.8K |
| Operating cash flow | -10.3M | -11.8M | 8.7M | -22.3M | -7.1M | -7.7M | -1.2M | -1.8M |
| Capital expenditure | -5.6M | -837.1K | 890K | -131.8K | -186.9K | — | — | — |
| Investing cash flow | -5.6M | -38K | 1.8M | 16.5M | 2.4M | 612.4K | 0 | 0 |
| Dividends paid | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — |
| Financing cash flow | 25.5M | -992.9K | 12.4M | 2M | 12.5M | 4.1M | 0 | 4.4M |
| Net change in cash | 9.6M | -12.9M | 22.9M | -3.9M | 7.8M | -3M | -1.2M | 2.6M |
| Free cash flow | -16.1M | -14.5M | -16.1M | -14.8M | -12.5M | -7.7M | -1.2M | -1.8M |
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 24 | Q4 24 | Q3 25 | Q4 25 |
|---|---|---|---|---|
| Net income | — | — | — | — |
| Depreciation & amortization | — | — | — | — |
| Stock-based compensation | — | — | — | — |
| Change in working capital | — | — | — | — |
| Operating cash flow | — | 119.6K | -484.3K | -535.7K |
| Capital expenditure | — | — | — | — |
| Investing cash flow | — | — | — | — |
| Dividends paid | — | — | — | — |
| Share repurchases | — | — | — | — |
| Financing cash flow | 0 | 0 | 0 | 1.7M |
| Net change in cash | 0 | 119.6K | -484.3K | 1.2M |
| Free cash flow | -28.5K | 119.6K | -484.3K | -535.7K |