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 26 | $3.64 | $3.66 | +0.5% | — | $461K | — |
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 | — | — | — | — | $1M | — |
| FY24 | — | — | — | — | $768K | — |
| FY23 | — | — | — | — | $1.5M | — |
| FY22 | — | — | — | — | $3.5M | — |
| FY21 | — | — | — | — | $2.2M | — |
| FY20 | — | — | — | — | $332K | — |
| FY19 | — | — | — | — | $0 | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Revenue | $0 | $332K | $2.2M | $3.5M | $1.5M | $768K | $1M |
| YoY change | — | +InfinityT% | +577.4% | +56.4% | -58.2% | -47.8% | +33.6% |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | Q3 23 | Q4 23 |
|---|
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Revenue | 0 | 332K | 2.2M | 3.5M | 1.5M | 768K | 1M |
| Cost of revenue | 0 | 340K | 1.4M | 1.3M | 1.5M | 1.6M | 1.8M |
| Gross profit | 0 | -8K | 809K | 2.2M | -38K | -785K | -802K |
| Gross margin | — | -2.41% | 36% | 63.5% | -2.59% | -102.2% | -78.2% |
| Research & development | 22M | 12.8M | 28.6M | 36.7M | 34.1M | 35.1M | 34.8M |
| Selling, general & administrative | 3.1M | 2.2M | 5.5M | 13.2M | 12.8M | 13.8M | 12.6M |
| Operating expenses | 25.1M | 14.9M | 34.1M | 50M | 46.8M | 48.9M | 47.4M |
| Operating income | -25.1M | -15M | -33.3M | -47.7M | -46.9M | -49.7M | -48.2M |
| Operating margin | — | -4.5K% | -1.5K% | -1.4K% | -3.2K% | -6.5K% | -4.7K% |
| Non-operating income, net | — | — | — | — | — | — | — |
| Pretax income | -25.6M | -15.6M | -58.1M | -40.5M | -43.5M | -49.3M | -46.4M |
| Income tax | — | — | — | — | — | — | — |
| Net income | -25.6M | -15.6M | -58.1M | -40.5M | -43.5M | -49.3M | -46.4M |
| Net margin | — | -4.7K% | -2.6K% | -1.2K% | -3K% | -6.4K% | -4.5K% |
| EBITDA | -24.9M | -14.7M | -32.9M | -47.3M | -46.3M | -49.1M | -47.7M |
| EPS | — | — | — | — | — | — | — |
| Diluted EPS | — | — | — | — | — | — | — |
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 | 479K | 347K | 137K | 409K | 123K | 99K | 40K | 274K | 254K | 458K | 461K | 703K |
| Cost of revenue | 364K | 536K | 403K | 448K | 394K | 308K | 338K | 459K | 497K | 534K | 588K | 709K |
| Gross profit | 115K | -189K | -266K | -39K | -271K | -209K | -298K | -185K | -243K | -76K | -127K | -6K |
| Gross margin | 24% | -54.5% | -194.2% | -9.54% | -220.3% | -211.1% | -745% | -67.5% | -95.7% | -16.6% | -27.5% | -0.85% |
| Research & development | 8.4M | 8.4M | 9.4M | 7.9M | 8.8M | 9M | 9.7M | 8.2M | 8.3M | 8.7M | 8.1M | 7.1M |
| Selling, general & administrative | 3.3M | 3.5M | 3.1M | 3.7M | 3.4M | 3.6M | 3.4M | 3.1M | 3M | 3.1M | 3.2M | 2.8M |
| Operating expenses | 11.7M | 11.9M | 12.5M | 11.6M | 12.2M | 12.6M | 13.1M | 11.3M | 11.3M | 11.8M | 11.2M | 9.8M |
| Operating income | -11.6M | -12.1M | -12.8M | -11.6M | -12.4M | -12.8M | -13.4M | -11.5M | -11.5M | -11.9M | -11.3M | -9.8M |
| Operating margin | -2.4K% | -3.5K% | -9.3K% | -2.8K% | -10.1K% | -13K% | -33.4K% | -4.2K% | -4.5K% | -2.6K% | -2.5K% | -1.4K% |
| Non-operating income, net | — | — | — | — | — | — | — | — | — | — | — | — |
| Pretax income | -11.7M | -9.3M | -12.8M | -11.7M | -12.6M | -12.2M | -13.8M | -10.2M | -11M | -11.4M | -9.4M | -9.1M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — |
| Net income | -11.7M | -9.3M | -12.8M | -11.7M | -12.6M | -12.2M | -13.8M | -10.2M | -11M | -11.4M | -9.4M | -9.1M |
| Net margin | -2.4K% | -2.7K% | -9.3K% | -2.9K% | -10.2K% | -12.3K% | -34.5K% | -3.7K% | -4.3K% | -2.5K% | -2K% | -1.3K% |
| EBITDA | -11.4M | -12M | -12.6M | -11.5M | -12.3M | -12.7M | -13.2M | -11.3M | -11.4M | -11.7M | -11.2M | -9.7M |
| 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 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Market cap | — | — | — | — | — | — | — | — | 0 |
| Enterprise value | — | — | — | — | — | — | — | — | 22.8M |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| P/S | — | — | — | — | — | — | — | — | 0 |
| P/B | — | — | — | — | — | — | — | — | 0.01 |
| EV/EBITDA | — | — | — | — | — | — | — | — | -0.48 |
| EV/Sales | — | — | — | — | — | — | — | — | 22.2 |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Gross margin | — | — | -2.41% | 36% | 63.5% | -2.59% | -102.2% | -78.2% | -0.85% |
| Operating margin | — | — | -4.5K% | -1.5K% | -1.4K% | -3.2K% | -6.5K% | -4.7K% | -1.4K% |
| Net margin | — | — | -4.7K% | -2.6K% | -1.2K% | -3K% | -6.4K% | -4.5K% | -78.2% |
| ROE | — | 0.22% | 26% | -72.8% | -83.1% | -103.3% | -219.2% | -117.3% | -83.2% |
| ROA | — | -0.04% | -354.7% | -55.1% | -66.6% | -86.2% | -81.1% | -62.9% | -37.6% |
| Return on tangible assets | — | -0.04% | -354.7% | -55.1% | -66.6% | -86.2% | -81.1% | -62.9% | -56.7% |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Current ratio | — | 4.61 | 0.76 | 6.74 | 5.63 | 7.64 | 1.58 | 2.18 | 2.3 |
| Quick ratio | — | 4.61 | 0.76 | 6.74 | 5.63 | 7.64 | 1.58 | 2.18 | 2.3 |
| Debt / equity | — | -1.14 | -0.07 | 0.06 | 0.01 | 0.04 | 1.45 | 0.68 | 0.64 |
| Debt / assets | — | 0.19 | 0.95 | 0.05 | 0.01 | 0.03 | 0.54 | 0.36 | 0.36 |
| Net debt / EBITDA | — | 526.9 | -0.08 | 2.91 | 1.15 | 0.91 | -0.17 | 0.38 | 0.36 |
| Interest coverage | — | -52.9 | -22.4 | -1.34 | — | — | — | — | — |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | — | — | — | — | — | — | — | — | 0.01 |
| EPS (diluted) | — | — | — | — | — | — | — | — | -1.34 |
| Book value per share | — | — | — | — | — | — | — | — | 0.32 |
| FCF per share | — | — | — | — | — | — | — | — | -0.3 |
| Cash per share | — | — | — | — | — | — | — | — | 0.33 |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Capex / revenue | — | — | 47% | 34.9% | 26.1% | 16.9% | 81% | — | — |
| Capex / operating cash flow | — | -0.95% | -0.97% | -2.14% | -2.69% | -0.87% | -1.98% | — | — |
| Q1 24 |
|---|
| Q2 24 |
|---|
| Q3 24 |
|---|
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $479K | $347K | $137K | $409K | $123K | $99K | $40K | $274K | $254K | $458K | $461K | $703K |
| YoY change | -61.9% | +132.9% | -61.4% | +41.5% | -74.3% | -71.5% | -70.8% | -33% | +106.5% | +362.6% | +1.1K% | +156.6% |
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 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 11.6B | 26.2B | 3M | 100.8M | 54.6M | 44M | 24.3M | 44.7M |
| Receivables | 3.4B | 8.1B | 137K | 187K | 2.2M | 1.3M | 153K | 571K |
| Inventory | — | — | — | — | — | — | — | — |
| Total current assets | 27.4B | 51.9B | 4M | 104.2M | 58.8M | 47.4M | 57.6M | 71.8M |
| Property, plant & equipment | 11.1B | 11.9B | 384K | 1.2M | 2.1M | 3M | 1.4M | 1.2M |
| Goodwill & intangibles | 2.7B | 10.1B | — | — | — | — | — | — |
| Total assets | 38.9B | 67.3B | 4.4M | 105.3M | 60.8M | 50.5M | 60.8M | 73.8M |
| Accounts payable | 1.4B | 4B | 1.2M | 2M | 1.2M | 1.1M | 624K | 774K |
| Short-term debt | 3.1B | 5.2B | 1.9M | 4.9M | 364K | 436K | 31.2M | 25.4M |
| Total current liabilities | 5.6B | 11.3B | 5.3M | 15.5M | 10.4M | 6.2M | 36.4M | 32.9M |
| Long-term debt | 2.9B | 7.8B | 2.3M | 0 | 17K | 1.3M | 1.5M | 1.4M |
| Total liabilities | 8.5B | 19.2B | 64.6M | 25.5M | 12.1M | 8.4M | 38.3M | 34.3M |
| Shareholders' equity | -7.8B | -11.5B | -60.2M | 79.8M | 48.8M | 42.1M | 22.5M | 39.6M |
| Total debt | 6B | 13B | 4.2M | 4.9M | 381K | 1.7M | 32.6M | 26.8M |
| Net debt | -3.2B | -11.3B | 1.3M | -95.9M | -53.8M | -26.8M | 19.1M | 22.8M |
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 | 49.1M | 44M | 35.4M | 26.5M | 18.8M | 24.3M | 36.4M | 26M | 52.3M | 44.7M | 53.3M | 41.6M |
| Receivables | 1.8M | 1.3M | 856K | 694K | 618K | 153K | 60K | 284K | 377K | 571K | 511K | 807K |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 52.3M | 47.4M | 38.7M | 60M | 52.2M | 57.6M | 46.9M | 37.4M | 63.6M | 71.8M | 80.7M | 69.7M |
| Property, plant & equipment | 1.7M | 3M | 3.3M | 3.3M | 3.2M | 1.4M | 2.9M | 1.2M | 1.2M | 1.2M | 1M | 999K |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 54M | 50.5M | 42M | 63.3M | 55.5M | 60.8M | 85M | 75.8M | 66.1M | 73.8M | 83.3M | 72.2M |
| Accounts payable | 594K | 1.1M | 1.7M | 832K | 942K | 624K | 564K | 524K | 396K | 774K | 352K | 422K |
| Short-term debt | 145K | 436K | 543K | 30.5M | 31.4M | 31.2M | 9.4M | 10M | 10M | 25.4M | 24.3M | 24.5M |
| Total current liabilities | 5.2M | 6.2M | 6.3M | 35.7M | 36.3M | 36.4M | 17.8M | 16M | 15.2M | 32.9M | 33.4M | 30.3M |
| Long-term debt | 35K | 1.3M | 1.6M | 1.5M | 1.4M | 1.5M | 1.4M | 1.4M | 1.4M | 1.4M | 1.3M | 1.4M |
| Total liabilities | 6.4M | 8.4M | 8.7M | 37.8M | 38.3M | 38.3M | 19.3M | 17.9M | 17M | 34.3M | 34.7M | 31.7M |
| Shareholders' equity | 47.6M | 42.1M | 33.4M | 25.5M | 17.2M | 22.5M | 65.7M | 58M | 49.1M | 39.6M | 48.6M | 40.5M |
| Total debt | 180K | 1.7M | 2.2M | 32M | 32.8M | 32.6M | 10.7M | 11.4M | 11.4M | 26.8M | 25.7M | 25.9M |
| Net debt | -23.3M | -26.8M | -3M | 23.2M | 14M | 19.1M | 3.8M | 4.8M | 7.4M | 22.8M | 17.4M | 20.9M |
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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Net income | -25.6M | -15.6M | -58.1M | -40.5M | -43.5M | -49.3M | -46.4M |
| Depreciation & amortization | 237K | 228K | 342K | 481K | 557K | 585K | 538K |
| Stock-based compensation | 411K | 491K | 2.3M | 9.1M | 13.6M | 15.7M | 9.8M |
| Change in working capital | 898K | -1.1M | 853K | -3.2M | 576K | 776K | 347K |
| Operating cash flow | -23.9M | -16M | -36.7M | -34.1M | -28.7M | -31.5M | -38.1M |
| Capital expenditure | -227K | -156K | -784K | -918K | -249K | -622K | — |
| Investing cash flow | -227K | -156K | -784K | -918K | -249K | -622K | — |
| Dividends paid | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — |
| Financing cash flow | 35.5M | 2.9M | 112M | -10.4M | 22.5M | 13.3M | 52.5M |
| Net change in cash | 11.4M | -13.3M | 74.5M | -45.5M | -6.5M | -18.8M | 14.3M |
| Free cash flow | -22.8M | -15.4M | -27.2M | -41.3M | -33.8M | -33.1M | -38.4M |
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 | -11.7M | -9.3M | -12.8M | -11.7M | -12.6M | -12.2M | -13.8M | -10.2M | -11M | -11.4M | -9.4M | -9.1M |
| Depreciation & amortization | 139K | 142K | 142K | 147K | 148K | 148K | 135K | 132K | 137K | 134K | 127K | 116K |
| Stock-based compensation | 3.7M | 4.2M | 3.7M | 3.6M | 3.8M | 4.3M | 3.3M | 2.3M | 2M | 2.2M | 1.2M | 989K |
| Change in working capital | -349K | 1M | 1M | -999K | 1.1M | 202K | 1.8M | -1.7M | -131K | 358K | 159K | -950K |
| Operating cash flow | -8.2M | -3.9M | -7.9M | -8.8M | -7.5M | -6.9M | -8.8M | -11.8M | -11.1M | -9M | -8.6M | -11.9M |
| Capital expenditure | -71K | -59K | -81K | -126K | -119K | -89K | -25K | — | — | — | — | — |
| Investing cash flow | -71K | -59K | -81K | -127K | -119K | -89K | -25K | — | — | — | — | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 0 | 0 | — | -459K | 0 | 13.8M | 52.5M | 0 | 0 | 0 | 16.8M | -233K |
| Net change in cash | -8.3M | -3.9M | -8M | -9.4M | -7.6M | 6.8M | 43.6M | -11.8M | -11.1M | -9M | 8.2M | -12.2M |
| Free cash flow | -8.2M | -5.1M | -8.5M | -8.5M | -7.9M | -8.3M | -6.2M | -11.8M | -11.3M | -9M | -8.6M | -12M |