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 23 | — | -$0.22 | — | — | $0 | — |
| Q3 22 | -$0.17 | -$0.47 | -176.5% | — | $0 | — |
| Q2 22 | -$0.06 | -$0.45 | -650.0% | — | $292K | — |
| Q1 22 | -$0.51 | -$0.44 | +13.7% | — | $0 | — |
| Q4 21 | -$0.41 | -$0.92 | -124.4% | — | -$131K | — |
| Q3 21 | -$0.53 | -$1.94 | -266.0% | — | $0 | — |
| Q2 21 | -$0.59 | -$0.55 | +6.8% | — | $33K | — |
| Q1 21 | -$0.62 | -$0.77 | -24.2% | — | $0 | — |
| Q4 20 | -$0.59 | -$0.59 | 0.0% | — | $0 | — |
| Q3 20 | -$0.63 | -$0.65 | -3.2% | — | $0 | — |
| Q2 20 | -$0.74 | -$0.47 | +36.5% | — | $1M | — |
| Q1 20 | -$0.67 | -$0.73 | -9.0% | — | $0 | — |
| Q3 19 | -$0.33 | -$0.87 | -163.6% | — | $0 | — |
| Q2 19 | -$0.84 | -$1.03 | -22.6% | — | $0 | — |
| Q1 19 | -$0.87 | -$0.99 | -13.8% | — | $1M | — |
| Q4 18 | -$1.55 | -$0.67 | +56.8% | — | $2.8M | — |
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 % |
|---|---|---|---|---|---|---|
| FY22 | — | -$1.62 | — | — | $0 | — |
| FY21 | — | -$3.85 | — | — | $0 | — |
| FY20 | — | -$2.44 | — | — | $0 | — |
| FY19 | — | -$3.51 | — | — | $0 | — |
| FY18 | — | -$7.45 |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 |
|---|---|---|---|---|---|---|---|
| Revenue | $2.3M | $860K | $2.8M | $0 | $0 | $0 | $0 |
| YoY change | — | -62.1% | +220.6% | -100% | 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 | Q4 20 | Q1 21 | Q2 21 |
|---|
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 |
|---|---|---|---|---|---|---|---|
| Revenue | 2.3M | 860K | 2.8M | 0 | 0 | 0 | 0 |
| Cost of revenue | 1.9M | 0 | — | — | — | — | — |
| Gross profit | 342K | 860K | — | — | — | — | — |
| Gross margin | 15.1% | 100% | — | — | — | — | — |
| Research & development | 6.3M | 17.4M | 23M | 24.1M | 17M | 36.9M | 25.9M |
| Selling, general & administrative | 2M | 3.2M | 3.9M | 6M | 6.4M | 7.3M | 7.2M |
| Operating expenses | 8.2M | 20.6M | 26.9M | 29.1M | 22.4M | 42.7M | 30M |
| Operating income | -7.9M | -19.7M | -24.1M | -29.1M | -22.4M | -42.7M | -30M |
| Operating margin | -347.5% | -2.3K% | -874.8% | — | — | — | — |
| Non-operating income, net | -172K | -5.2M | 1.6M | -951K | -9K | 763K | -257K |
| Pretax income | -8.4M | -24.7M | -22.1M | -29.7M | -22.3M | -42.2M | -30.4M |
| Income tax | — | — | — | — | — | — | — |
| Net income | -8.4M | -24.7M | -22.1M | -29.7M | -22.3M | -42.2M | -30.4M |
| Net margin | -371.2% | -2.9K% | -801.8% | — | — | — | — |
| EBITDA | -7.7M | -14.5M | -25.5M | -28.7M | -22.1M | -43M | -29.5M |
| EPS | -1.13 | -3.48 | -7.45 | -3.51 | -2.44 | -3.85 | -1.62 |
| Diluted EPS | -1.13 | -3.48 | -7.45 | -3.51 | -2.44 | -3.85 | -1.62 |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | Q4 20 | Q1 21 | Q2 21 | Q3 21 | Q4 21 | Q1 22 | Q2 22 | Q3 22 | Q4 22 | Q1 23 | Q2 23 | Q3 23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 33K | 0 | -131K | 0 | 292K | 0 | 0 | 0 | 19.6M | 0 |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Research & development | 4.2M | 5M | 4.6M | 19.8M | 7.6M | 6.5M | 6.3M | 6.1M | 7M | 5.5M | 4.7M | 175K |
| Selling, general & administrative | 1.6M | 1.9M | 1.7M | 1.7M | 2M | 2.2M | 1.7M | 1.7M | 1.6M | 1.8M | 1.3M | 1.1M |
| Operating expenses | 5.8M | 6.9M | 6.3M | 21M | 8.4M | 7.4M | 8M | 7.4M | 7.4M | 6.3M | 6M | 869K |
| Operating income | -5.8M | -6.9M | -6.2M | -21M | -8.6M | -7.4M | -7.7M | -7.4M | -7.4M | -6.3M | 13.7M | -869K |
| Operating margin | — | — | -18.9K% | — | 6.5K% | — | -2.6K% | — | — | — | 69.6% | — |
| Non-operating income, net | 0 | 7K | 744K | 23K | -11K | -94K | -250K | -800K | 887K | -580K | -1.5M | 785K |
| Pretax income | -5.8M | -6.9M | -5.5M | -21M | -8.8M | -7.8M | -8M | -8.2M | -6.4M | -6.8M | 12.1M | -83K |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — |
| Net income | -5.8M | -6.9M | -5.5M | -21M | -8.8M | -7.8M | -8M | -8.2M | -6.4M | -6.8M | 12.1M | -83K |
| Net margin | — | — | -16.6K% | — | 6.7K% | — | -2.7K% | — | — | — | 61.8% | — |
| EBITDA | -5.7M | -6.8M | -6.9M | -20.9M | -8.4M | -7.3M | -7.6M | -7.3M | -7.3M | -6.2M | 13.7M | -810K |
| EPS | -0.59 | -0.77 | -0.49 | -1.94 | -0.92 | -0.44 | -0.45 | -0.47 | — | -0.22 | 0.34 | -0 |
| Diluted EPS | -0.59 | -0.77 | -0.49 | -1.94 | -0.92 | -0.44 | -0.45 | -0.47 | — | -0.22 | 0.33 | -0 |
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 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | Current |
|---|---|---|---|---|---|---|---|---|
| Market cap | — | — | — | — | — | — | — | 4.5K |
| Enterprise value | — | — | — | — | — | — | — | 4.8M |
| Shares outstanding | 7.9M | 7.9M | 3.1M | 8.5M | 9.2M | 12.3M | 18.8M | 18.8M |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | Current |
|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | -0 |
| P/S | — | — | — | — | — | — | — | 0 |
| P/B | — | — | — | — | — | — | — | -0 |
| EV/EBITDA | — | — | — | — | — | — | — | -13.9 |
| EV/Sales | — | — | — | — | — | — | — | 0.21 |
| Earnings yield | — | — | — | — | — | — | — | -1.6M% |
| FCF yield | — | — | — | — | — | — | — | -367.6K% |
| PEG | — | — | — | — | — | — | — | 0 |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | Current |
|---|---|---|---|---|---|---|---|---|
| Gross margin | 15.1% | 100% | — | — | — | — | — | — |
| Operating margin | -347.5% | -2.3K% | -874.8% | — | — | — | — | -208.4% |
| Net margin | -371.2% | -2.9K% | -801.8% | — | — | — | — | -5.11% |
| ROE | -61.1% | -215.6% | -84% | -816.3% | 257.3% | 321.8% | 125.3% | 125.3% |
| ROA | -37.4% | -93.1% | -69.9% | -106.1% | -147.7% | -157.5% | -206.7% | -4.4% |
| Return on tangible assets | -37.5% | -93.4% | -70.1% | -106.4% | -148.3% | -157.7% | -207.2% | -17.5% |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | Current |
|---|---|---|---|---|---|---|---|---|
| Current ratio | 9.35 | 7.98 | 5.35 | 1.34 | 0.57 | 0.73 | 0.32 | 0.23 |
| Quick ratio | 9.35 | 7.98 | 5.35 | 1.34 | 0.57 | 0.73 | 0.32 | 0.24 |
| Debt / equity | — | — | — | — | -0.08 | -0.46 | -0.25 | -0 |
| Debt / assets | — | — | — | — | 0.05 | 0.22 | 0.42 | 0.74 |
| Net debt / EBITDA | — | — | — | — | 0.34 | 0.28 | -0.04 | -8.37 |
| Interest coverage | -21.5 | — | -57.4 | — | — | — | — | — |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | Current |
|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0.29 | 0.11 | 0.88 | 0 | 0 | 0 | 0 | 0.69 |
| EPS (basic) | -1.13 | -3.48 | -7.45 | -3.51 | -2.44 | -3.85 | -1.62 | -1.62 |
| EPS (diluted) | -1.13 | -3.48 | -7.45 | -3.51 | -2.44 | -3.85 | -1.62 | -0.01 |
| Book value per share | 1.75 | 1.45 | 8.36 | 0.43 | -0.95 | -1.07 | -1.29 | -0.27 |
| FCF per share | -0.77 | -2.31 | -7.93 | -0.99 | -2.27 | -1.91 | -1.56 | -0.48 |
| Cash per share | 2.83 | 3.18 | 7.7 | 2.47 | 0.9 | 1.47 | 0.26 | 0 |
| Capex per share | 0 | 0.09 | 0.22 | 0.02 | 0.04 | — | — | 0 |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | Current |
|---|---|---|---|---|---|---|---|---|
| Capex / revenue | 0.66% | 81.2% | 24.6% | — | — | — | — | 0.32% |
| Capex / operating cash flow | -0.25% | -3.08% | -3.18% | -2.27% | -1.79% | — | — | -0.36% |
| Payout ratio | — | — | — | — | — | — | — | 0% |
| — |
| — |
| $2.8M |
| — |
| FY17 | — | -$3.48 | — | — | $860K | — |
| FY16 | — | -$1.13 | — | — | $2.3M | — |
| Q3 21 |
|---|
| Q4 21 |
|---|
| Q1 22 |
|---|
| Q2 22 |
|---|
| Q3 22 |
|---|
| Q4 22 |
|---|
| Q1 23 |
|---|
| Q2 23 |
|---|
| Q3 23 |
|---|
| Revenue | $0 | $0 | $33K | $0 | -$131K | $0 | $292K | $0 | $0 | $0 | $19.6M | $0 |
| YoY change | -100% | 0% | -96.7% | 0% | -InfinityT% | 0% | +784.8% | 0% | +100% | 0% | +6.6K% | 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 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 |
|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 22.3M | 25.1M | 24.2M | 20.9M | 8.2M | 18.1M | 4.9M |
| Receivables | 67K | 0 | 1.7M | 0 | — | 0 | 1M |
| Inventory | — | — | — | — | — | — | — |
| Total current assets | 22.4M | 25.3M | 28.3M | 25.8M | 12.8M | 24.4M | 11.6M |
| Property, plant & equipment | 39K | 750K | 1.3M | 1M | 1.3M | 1.4M | 2.1M |
| Goodwill & intangibles | 96K | 86K | 76K | 64K | 54K | 44K | 34K |
| Total assets | 22.5M | 26.5M | 31.6M | 28M | 15.1M | 26.8M | 14.7M |
| Accounts payable | 678K | 933K | 2.3M | 1.8M | 1.9M | 5.2M | 2.3M |
| Short-term debt | — | — | — | — | 439K | 696K | 4.8M |
| Total current liabilities | 2.4M | 3.2M | 5.3M | 19.3M | 22.4M | 33.3M | 36.9M |
| Long-term debt | — | — | — | — | 276K | 5.3M | 1.3M |
| Total liabilities | 8.8M | 15M | 5.3M | 24.3M | 23.8M | 39.9M | 38.9M |
| Shareholders' equity | 13.8M | 11.4M | 26.3M | 3.6M | -8.7M | -13.1M | -24.2M |
| Total debt | — | — | — | — | 715K | 6M | 6.1M |
| Net debt | — | — | — | — | -7.5M | -12.1M | 1.3M |
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 | Q4 20 | Q1 21 | Q2 21 | Q3 21 | Q4 21 | Q1 22 | Q2 22 | Q3 22 | Q4 22 | Q1 23 | Q2 23 | Q3 23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 8.2M | 10.5M | 3.6M | 18.2M | 18.1M | 12.5M | 6.3M | 1.9M | 4.9M | 1.3M | 19K | 35K |
| Receivables | — | — | — | 1M | 0 | — | 1M | — | 1M | 0 | 200K | 417K |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 12.8M | 15.1M | 8.9M | 23.6M | 24.4M | 19.8M | 12.9M | 8.6M | 11.6M | 6.6M | 3.9M | 4.1M |
| Property, plant & equipment | 1.3M | 1.4M | 1.4M | 1.4M | 1.4M | 3M | 2.7M | 2.5M | 2.1M | 1.9M | 1.8M | 1.6M |
| Goodwill & intangibles | 54K | 52K | 48K | 46K | 44K | 42K | 38K | 36K | 34K | 30K | 28K | 26K |
| Total assets | 15.1M | 17.6M | 11.4M | 26.1M | 26.8M | 23.8M | 16.7M | 12.1M | 14.7M | 9.4M | 6.5M | 6.5M |
| Accounts payable | 1.9M | 3.2M | 2.5M | 2.6M | 5.2M | 3M | 2.6M | 4.2M | 2.3M | 4.1M | 6.2M | 5.4M |
| Short-term debt | 439K | 605K | — | — | 696K | 629K | 514K | 9.2M | 4.8M | 2.8M | 5.3M | 4M |
| Total current liabilities | 22.4M | 24.8M | 23.7M | 28.9M | 33.3M | 31M | 31.3M | 42.3M | 36.9M | 35.4M | 20.4M | 17.5M |
| Long-term debt | 276K | 110K | — | — | 5.3M | 12.4M | 12.5M | 4.9M | 1.3M | 1.1M | 1M | 854K |
| Total liabilities | 23.8M | 26.1M | 24.9M | 30.2M | 39.9M | 44.2M | 44.6M | 47.9M | 38.9M | 37.3M | 21.4M | 18.3M |
| Shareholders' equity | -8.7M | -8.6M | -13.5M | -4.2M | -13.1M | -20.4M | -27.9M | -35.8M | -24.2M | -27.9M | -14.9M | -11.8M |
| Total debt | 715K | 715K | — | — | 6M | 13M | 13M | 14.1M | 6.1M | 3.9M | 6.3M | 4.8M |
| Net debt | -7.5M | -9.8M | — | — | -12.1M | 512K | 6.7M | 12.2M | 1.3M | 2.6M | 6.3M | 4.8M |
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 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 |
|---|---|---|---|---|---|---|---|
| Net income | -8.4M | -24.7M | -22.1M | -29.7M | -22.3M | -42.2M | -30.4M |
| Depreciation & amortization | 23K | 62K | 283K | 338K | 337K | 435K | 487K |
| Stock-based compensation | 858K | 1.6M | 1.7M | 2M | 2.1M | 2.3M | 1.5M |
| Change in working capital | 1.1M | 314K | -1.1M | 19.7M | -623K | 5M | -4.7M |
| Operating cash flow | -6M | -22.7M | -21.3M | -7.7M | -20.5M | -22.9M | -29.1M |
| Capital expenditure | -15K | -698K | -677K | -174K | -367K | — | — |
| Investing cash flow | -15K | -698K | -2.7M | -174K | -367K | — | — |
| Dividends paid | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — |
| Financing cash flow | 25.5M | 21.1M | 25.1M | 5M | 8.7M | 34.7M | 14.8M |
| Net change in cash | 19.5M | -2.3M | 1.1M | -2.9M | -12.2M | 11.8M | -14.3M |
| Free cash flow | -6.1M | -18.3M | -24.9M | -8.3M | -20.8M | -23.5M | -29.2M |
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 | Q4 20 | Q1 21 | Q2 21 | Q3 21 | Q4 21 | Q1 22 | Q2 22 | Q3 22 | Q4 22 | Q1 23 | Q2 23 | Q3 23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -5.8M | -6.9M | -5.5M | -21M | -8.8M | -7.8M | -8M | -8.2M | -6.4M | -6.8M | 12.1M | -83K |
| Depreciation & amortization | 85K | 91K | 93K | 94K | 157K | 131K | 131K | 125K | 100K | 87K | 63K | 59K |
| Stock-based compensation | 566K | 567K | 553K | 580K | 551K | 467K | 345K | 349K | 318K | 245K | 210K | 200K |
| Change in working capital | 184K | 1.8M | -215K | -475K | 3.9M | -3.4M | -855K | 2.7M | -3.1M | 1.9M | -15.5M | -1.1M |
| Operating cash flow | -5M | -4.4M | -5.1M | -14.3M | -3.9M | -10.2M | -8.1M | -4.3M | -10.2M | -4M | -3M | -212K |
| Capital expenditure | -334K | -335K | -124K | -114K | 43K | -21K | -12K | 0 | -49K | 0 | 14K | 0 |
| Investing cash flow | -334K | -335K | -124K | -114K | 43K | -21K | -12K | 0 | -49K | 0 | 14K | 0 |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 7.9M | 6.6M | -154K | 23.3M | 5M | 9.4M | -139K | -554K | 11M | -1.2M | 3M | 1M |
| Net change in cash | 2.6M | 1.8M | -5.3M | 8.9M | 1.1M | -797K | -8.2M | -4.8M | 815K | -5.3M | 43K | 790K |
| Free cash flow | -5.4M | -4.3M | -6.7M | -8.7M | -3.7M | -10.2M | -6.2M | -4.3M | -8.6M | -4M | -4.3M | -983K |