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 | -$0.23 | -$0.07 | +69.6% | — | $0 | — |
| Q1 26 | -$0.23 | -$0.22 | +4.3% | — | $0 | — |
| Q4 25 | -$0.36 | -$0.32 | +11.1% | — | $0 | — |
| Q3 25 | -$0.34 | -$0.47 | -38.2% | — | $0 | — |
| Q2 25 | -$0.71 | -$0.53 | +25.4% | — | $0 | — |
| Q4 24 | -$0.54 | -$0.49 | +9.3% | — | $0 | — |
| Q3 24 | -$0.74 | -$0.64 | +13.5% | — | $0 | — |
| Q2 24 | -$0.6 | -$0.58 | +3.3% | — | $0 | — |
| Q1 24 | -$0.8 | -$0.67 | +16.3% | — | $0 | — |
| Q4 23 | -$0.93 | -$0.92 | +1.1% | — | $0 | — |
| Q3 23 | -$1.16 | -$0.86 | +25.9% | — | $0 | — |
| Q2 23 | -$1.38 | -$0.87 | +37.0% | — | $0 | — |
| Q1 23 | -$1.5 | -$1.34 | +10.7% | — | $0 | — |
| Q4 22 | -$3.08 | -$0.92 | +70.1% | — | $0 | — |
| Q3 22 | -$5.5 | -$2.4 | +56.4% | — | $0 | — |
| Q2 22 | -$7.5 | -$19.6 | -161.3% | — | $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 % |
|---|---|---|---|---|---|---|
| FY25 | — | -$1.93 | — | — | $0 | — |
| FY24 | — | -$2.35 | — | — | $0 | — |
| FY23 | — | -$3.95 | — | — | $0 | — |
| FY22 | — | -$68 | — | — | $0 | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| YoY change | — | 0% | 0% | 0% | 0% | 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.
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — |
| Research & development | 13.4M | 14.2M | 21M | 37.9M | 23.9M | 16.4M | 7.6M | 9.4M | 7M |
| Selling, general & administrative | 2.5M | 2.3M | 8.6M | 14.9M | 13.6M | 21M | 8.4M | 6.5M | 6.5M |
| Operating expenses | 15.9M | 16.5M | 29.5M | 52.8M | 37.4M | 37.4M | 15.5M | 14.3M | 13.2M |
| Operating income | -15.9M | -16.5M | -29.5M | -52.8M | -37.4M | -37.4M | -15.5M | -14.3M | -13.2M |
| Operating margin | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | 662.1K | 961.3K | 1.3M | -890.3K | 317.4K | -75.7M | -38.9K | 71.8K | -17.8K |
| Pretax income | -15.2M | -15.5M | -28.1M | -53.5M | -37.1M | -112.7M | -14.3M | -13M | -12.6M |
| Income tax | — | — | — | — | — | — | — | — | — |
| Net income | -15.2M | -15.5M | -28.1M | -53.5M | -37.1M | -112.7M | -14.3M | -13M | -12.6M |
| Net margin | — | — | — | — | — | — | — | — | — |
| EBITDA | -16.5M | -17.4M | -30.7M | -51.7M | -37.5M | 38.6M | -15.4M | -14.4M | -13.1M |
| EPS | -21.6 | -22.1 | -93.4 | -50.6 | -34.8 | -68 | -3.95 | -2.35 | -1.93 |
| Diluted EPS | -21.6 | -22.1 | -93.4 | -50.6 | -34.8 | -68 | -3.95 | -2.35 | -1.93 |
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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Research & development | 2.1M | 2M | 1.6M | 2.6M | 2.8M | 2.4M | 2.5M | 1.9M | 1.6M | 1M | 1.6M | 2.5M |
| Selling, general & administrative | 1.7M | 1.6M | 1.9M | 1.9M | 1.6M | 1.1M | 1.8M | 1.6M | 1.5M | 1.6M | 1.8M | 1.6M |
| Operating expenses | 3.5M | 3.7M | 3.1M | 3.8M | 4.1M | 3.2M | 4.1M | 3.4M | 3.1M | 2.6M | 3.4M | 4M |
| Operating income | -3.5M | -3.7M | -3.1M | -3.8M | -4.1M | -3.2M | -4.1M | -3.4M | -3.1M | -2.6M | -3.4M | -4M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | -2.9K | -78.6K | 56.2K | -5.5K | -35.5K | 56.6K | -51.8K | -29.1K | -5.7K | 68.8K | 7.7K | 82K |
| Pretax income | -3.2M | -3.4M | -2.8M | -3.5M | -3.8M | -2.9M | -3.9M | -3.2M | -3M | -2.5M | -3.3M | -3.6M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — |
| Net income | -3.2M | -3.4M | -2.8M | -3.5M | -3.8M | -2.9M | -3.9M | -3.2M | -3M | -2.5M | -3.3M | -3.6M |
| Net margin | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -3.5M | -3.6M | -3.2M | -3.8M | -4.1M | -3.3M | -4M | -3.4M | -3.1M | -2.6M | -3.4M | -4M |
| EPS | -0.86 | — | -0.67 | -0.58 | -0.64 | -0.49 | -0.66 | -0.53 | -0.47 | -0.32 | -0.22 | -0.07 |
| Diluted EPS | -0.86 | — | -0.67 | -0.58 | -0.64 | -0.49 | -0.66 | -0.53 | -0.47 | -0.32 | -0.22 | -0.07 |
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 | — | — | — | — | — | — | — | — | — | 9.5M |
| Enterprise value | — | — | — | — | — | — | — | — | — | -30.9M |
| Shares outstanding | 703.8K | 703.8K | 300.1K | 1.1M | 1.1M | 1.7M | 3.6M | 5.5M | 6.5M | 6.5M |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | — | — | 0.48 |
| P/S | — | — | — | — | — | — | — | — | — | 1.8K |
| P/B | — | — | — | — | — | — | — | — | — | 0.24 |
| EV/EBITDA | — | — | — | — | — | — | — | — | — | 2.34 |
| EV/Sales | — | — | — | — | — | — | — | — | — | -6K |
| Earnings yield | — | — | — | — | — | — | — | — | — | 208.6% |
| FCF yield | — | — | — | — | — | — | — | — | — | -86.1% |
| PEG | — | — | — | — | — | — | — | — | — | -0.01 |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | — | — | — | — | -255K% |
| Net margin | — | — | — | — | — | — | — | — | — | 0% |
| ROE | 42.5% | 30.2% | -22.6% | -69.1% | -75% | -439.3% | -84.3% | -67.1% | -101.3% | -46.1% |
| ROA | -61.3% | -23.5% | -21% | -57.6% | -65.3% | -373.6% | -63.1% | -54% | -79.1% | -27.7% |
| Return on tangible assets | -61.3% | -23.5% | -21% | -57.6% | -65.3% | -373.6% | -63.1% | -54% | -79.1% | -29.1% |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 5.75 | 13.6 | 14.7 | 6.03 | 7.73 | 9.42 | 5.14 | 7.01 | 5.63 | 13.6 |
| Quick ratio | 5.75 | 13.6 | 14.7 | 6.03 | 7.73 | 9.42 | 5.14 | 7.01 | 5.63 | 13.6 |
| Debt / equity | — | 0 | 0 | 0 | 0 | 0 | — | — | — | 0 |
| Debt / assets | — | 0 | 0 | 0 | 0 | 0 | — | — | — | — |
| Net debt / EBITDA | — | 3.77 | 4.22 | 1.72 | 1.41 | -0.75 | — | — | — | 3.12 |
| Interest coverage | -1.1M | -90.6K | — | — | — | — | — | — | — | — |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (basic) | -21.6 | -22.1 | -93.4 | -50.6 | -34.8 | -68 | -3.95 | -2.35 | -1.93 | -1.93 |
| EPS (diluted) | -21.6 | -22.1 | -93.4 | -50.6 | -34.8 | -68 | -3.95 | -2.35 | -1.93 | -0.94 |
| Book value per share | -50.8 | -73.1 | 414 | 73.2 | 46.5 | 15.5 | 4.69 | 3.5 | 1.9 | 3.1 |
| FCF per share | -19.9 | -21.7 | -89.1 | -39.6 | -35.4 | -15.1 | -3.39 | -2.46 | -1.97 | -0.23 |
| Cash per share | 34.7 | 93.3 | 433.5 | 84.2 | 49.9 | 17.4 | 5.97 | 4.15 | 2.23 | 3.27 |
| Capex per share | 0 | 0.01 | 0.1 | 0.02 | 0 | 0 | 0.03 | 0 | — | — |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| Capex / operating cash flow | 0% | -0.02% | -0.12% | -0.06% | 0% | 0% | -0.75% | -0.12% | — | — |
| Payout ratio | — | — | — | — | — | — | — | — | — | 0% |
| FY21 |
| — |
| -$34.8 |
| — |
| — |
| $0 |
| — |
| FY20 | — | -$50.6 | — | — | $0 | — |
| FY19 | — | -$93.4 | — | — | $0 | — |
| FY18 | — | -$22.1 | — | — | $0 | — |
| FY17 | — | -$21.6 | — | — | $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 | $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 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 24.4M | 65.7M | 130.1M | 89M | 53.1M | 28.8M | 21.6M | 22.8M | 14.6M |
| Receivables | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — |
| Total current assets | 24.7M | 66M | 133M | 92.4M | 56.6M | 30.2M | 22.5M | 23.6M | 15.6M |
| Property, plant & equipment | 30.3K | 24.4K | 563K | 359.1K | 209.7K | 2.3K | 88.4K | 81.5K | 59.8K |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — |
| Total assets | 24.8M | 66M | 133.6M | 92.8M | 56.8M | 30.2M | 22.7M | 24M | 15.9M |
| Accounts payable | 1.7M | 1.7M | 2.2M | 4.5M | 1.8M | 842.8K | 1.7M | 1.4M | 713.7K |
| Short-term debt | — | — | 242.3K | 256.3K | 190.5K | — | — | — | — |
| Total current liabilities | 4.3M | 4.9M | 9.1M | 15.3M | 7.3M | 3.2M | 4.4M | 3.4M | 2.8M |
| Long-term debt | — | 0 | 302.6K | 78.8K | 0 | 0 | — | — | — |
| Total liabilities | 60.5M | 117.5M | 9.4M | 15.4M | 7.3M | 4.5M | 5.7M | 4.7M | 3.5M |
| Shareholders' equity | -35.8M | -51.4M | 124.2M | 77.4M | 49.5M | 25.6M | 17M | 19.3M | 12.4M |
| Total debt | — | 0 | 545K | 335.2K | 190.5K | 0 | — | — | — |
| Net debt | — | -65.7M | -129.5M | -88.7M | -52.9M | -28.8M | — | — | — |
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 | 25.4M | 21.6M | 32.4M | 28.7M | 26.2M | 22.8M | 19.3M | 16.5M | 13.7M | 14.6M | 46.5M | 41.2M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 25.6M | 22.5M | 33.1M | 29.6M | 26.5M | 23.6M | 19.8M | 16.9M | 13.9M | 15.6M | 47.2M | 41.9M |
| Property, plant & equipment | — | 88.4K | — | — | 87K | 81.5K | 76.1K | 70.7K | 65.2K | 59.8K | 54.4K | 64K |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 25.8M | 22.7M | 33.2M | 30M | 26.9M | 24M | 20.2M | 17.3M | 14.3M | 15.9M | 47.6M | 42.3M |
| Accounts payable | 862.6K | 1.7M | 1.3M | 964.3K | 1.2M | 1.4M | 1.3M | 1.2M | 641.3K | 713.7K | 2.9M | 935.1K |
| Short-term debt | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | 4.2M | 4.4M | 3M | 3.1M | 3.6M | 3.4M | 3.4M | 3.2M | 2.7M | 2.8M | 5.3M | 3.1M |
| Long-term debt | — | — | — | — | — | — | — | — | — | — | — | — |
| Total liabilities | 5.5M | 5.7M | 4.3M | 4.4M | 4.9M | 4.7M | 4.7M | 3.9M | 3.4M | 3.5M | 6M | 3.8M |
| Shareholders' equity | 20.3M | 17M | 28.9M | 25.6M | 21.9M | 19.3M | 15.5M | 13.4M | 10.9M | 12.4M | 41.6M | 38.5M |
| Total debt | — | — | — | — | — | — | — | — | — | — | — | — |
| Net debt | — | — | — | — | — | — | — | — | — | — | — | — |
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 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|
| Net income | -15.2M | -15.5M | -28.1M | -53.5M | -37.1M | -112.7M | -14.3M | -13M | -12.6M |
| Depreciation & amortization | 7.9K | 8.3K | 170.3K | 229.6K | 271.7K | 186.4K | 7.1K | 22.3K | 21.7K |
| Stock-based compensation | 395.4K | 329.2K | 1.3M | 5M | 7.8M | 17M | 444.5K | 489.4K | 478.1K |
| Change in working capital | 327.1K | 214.4K | 283.2K | 2.1M | -3M | -1M | 1.4M | -843.2K | -646.7K |
| Operating cash flow | -14.5M | -15M | -26.3M | -46.1M | -32M | -24M | -12.5M | -13.3M | -12.9M |
| Capital expenditure | 0 | -3.7K | -30.9K | -25.7K | 0 | 0 | -93.1K | -15.5K | — |
| Investing cash flow | 0 | -3.7K | -30.9K | -25.7K | 0 | 0 | -93.1K | -15.5K | — |
| Dividends paid | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 23.3M | 56.4M | 92.5M | 0 | 1.5M | 683K | 5.1M | 14.8M | 4.6M |
| Net change in cash | 8.9M | 41.4M | 66.2M | -46.2M | -30.5M | -23.3M | -7.4M | 1.5M | -8.3M |
| Free cash flow | -14M | -15.3M | -26.7M | -41.8M | -37.7M | -25M | -12.3M | -13.6M | -12.9M |
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 | -3.2M | -3.4M | -2.8M | -3.5M | -3.8M | -2.9M | -3.9M | -3.2M | -3M | -2.5M | -3.3M | -3.6M |
| Depreciation & amortization | 1.4K | 5K | 6.2K | 5.3K | 5.4K | 5.4K | 5.4K | 5.4K | 5.4K | 5.4K | 5.4K | 5.7K |
| Stock-based compensation | 76K | 82.9K | 85.8K | 128.5K | 149.1K | 126K | 118.6K | 136.7K | 113.8K | 109K | 101.1K | 103.2K |
| Change in working capital | -267.7K | 805.6K | -730.8K | -450.9K | 136.8K | 201.8K | -71.9K | -89.7K | -554K | 68.9K | 32.5K | 189.8K |
| Operating cash flow | -3.4M | -2.5M | -3.4M | -3.8M | -3.5M | -2.6M | -3.9M | -3.1M | -3.2M | -3M | -2.8M | -3.3M |
| Capital expenditure | -85.9K | -7.2K | -8K | -7.5K | 0 | 0 | 0 | — | — | — | — | — |
| Investing cash flow | -85.9K | -7.2K | -8K | -7.5K | 0 | 0 | 0 | — | — | — | — | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 0 | 0 | 14.7M | -21.1K | -1.2K | 134.4K | 55.8K | 384.9K | 357.9K | 3.8M | 34.6M | -1.9M |
| Net change in cash | -3.5M | -2.6M | 11.3M | -3.8M | -3.5M | -2.4M | -3.8M | -2.7M | -2.8M | 880.2K | 31.9M | -5.2M |
| Free cash flow | -2.3M | -3.7M | -3.9M | -3.6M | -2.5M | -3.5M | -3.6M | -3.1M | -3.2M | -3M | -2.8M | -3.3M |