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 | -$0.11 | -$0.09 | +18.2% | — | $1.7M | — |
| Q1 26 | -$0.07 | -$0.08 | -14.3% | — | $954K | — |
| Q4 25 | -$0.11 | -$1.73 | -1472.7% | — | $1.1M | — |
| Q2 25 | -$0.12 | -$0.14 | -16.7% | — | — | — |
| Q1 25 | -$0.18 | -$0.15 | +16.7% | — | — | — |
| Q4 24 | -$0.15 | -$0.24 | -60.0% | — | — | — |
| Q3 24 | -$0.16 | -$0.16 | 0.0% | — | — | — |
| Q2 24 | -$0.16 | -$0.36 | -125.0% | — | — | — |
| Q1 24 | -$0.18 | -$0.17 | +5.6% | — | — | — |
| Q4 23 | -$0.16 | -$0.12 | +25.0% | — | — | — |
| Q3 23 | -$0.2 | -$0.28 | -40.0% | — | — | — |
| Q2 23 | -$0.21 | -$0.21 | 0.0% | — | $172K | — |
| Q1 23 | -$0.22 | -$0.21 | +4.5% | — | $37K | — |
| Q4 22 | -$0.23 | -$0.28 | -21.7% | — | $38K | — |
| Q3 22 | -$0.24 | -$0.22 | +8.3% | — | $24K | — |
| Q2 22 | -$0.24 | -$0.24 | 0.0% | — | $170K | — |
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 | — | -$2.91 | — | — | $4.1M | — |
| FY24 | — | -$0.93 | — | — | $308K | — |
| FY23 | — | -$0.25 | — | — | $314K | — |
| FY22 | — | -$0.98 | — | — | $233K | — |
| FY21 | — | -$1.21 |
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 | $0 | $20.4M | $233K | $314K | $308K | $4.1M |
| YoY change | — | 0% | +InfinityT% | -98.9% | +34.8% | -1.91% | +1.2K% |
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 | 0 | 20.4M | 233K | 314K | 308K | 4.1M |
| Cost of revenue | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — |
| Research & development | 3.1M | 11.4M | 48M | 74.3M | 62.2M | 55.5M | 53.1M |
| Selling, general & administrative | 5.1M | 80.7M | 92.7M | 70.3M | 63.6M | 47.5M | 65.1M |
| Operating expenses | 8.2M | 92.1M | 140.7M | 144.7M | 123.3M | 102.5M | 118.2M |
| Operating income | -8.2M | -92.1M | -120.3M | -144.4M | -123M | -102.2M | -113.3M |
| Operating margin | — | — | -590.5% | -62K% | -39.2K% | -33.2K% | -2.8K% |
| Non-operating income, net | -9.3M | -9.7M | -16.5M | 9.6M | 84.5M | -43.9M | -546.8M |
| Pretax income | -17.5M | -101.8M | -136.6M | -135.2M | -39.3M | -148.4M | -659.8M |
| Income tax | 2K | 305K | -4M | 6.2M | 1M | -356K | 298K |
| Net income | -24.4M | -178.6M | -174.2M | -157.4M | -43.9M | -150M | -660.1M |
| Net margin | — | — | -855.1% | -67.6K% | -14K% | -48.7K% | -16.1K% |
| EBITDA | 1.6M | -98.3M | -104.6M | -144.2M | -121M | -101.4M | -113.4M |
| EPS | -0.09 | -1.11 | -1.21 | -0.98 | -0.25 | -0.93 | -2.91 |
| Diluted EPS | -0.09 | -1.11 | -1.21 | -0.98 | -0.25 | -0.93 | -2.91 |
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 | — | — | — | — | — | — | — | — | 749K | 1.1M | 954K | 1.7M |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Research & development | 13.3M | 14.2M | 11.5M | 12.6M | 12.4M | 18.9M | 11.3M | 11.1M | 14.7M | 16M | 17.4M | 28.1M |
| Selling, general & administrative | — | — | — | — | — | — | — | — | 14.5M | 25.1M | 14.4M | 17.8M |
| Operating expenses | 13.3M | 14.2M | 11.5M | 12.6M | 12.4M | 18.9M | 11.3M | 11.1M | 29.2M | 41M | 31.1M | 43.4M |
| Operating income | — | — | — | — | — | — | — | — | -28.4M | -39.4M | -30.2M | -41.7M |
| Operating margin | — | — | — | — | — | — | — | — | -3.8K% | -3.7K% | -3.2K% | -2.4K% |
| Non-operating income, net | — | — | — | — | — | — | — | — | -33.1M | -506.1M | 299K | 9.2M |
| Pretax income | — | — | — | — | — | — | — | — | -61M | -544.9M | -29.8M | -32.5M |
| Income tax | — | — | — | — | — | — | — | — | 131K | -82K | 20K | 64K |
| Net income | — | — | — | — | — | — | — | — | -61.1M | -544.8M | -29.8M | -32.5M |
| Net margin | — | — | — | — | — | — | — | — | -8.2K% | -51.1K% | -3.1K% | -1.9K% |
| EBITDA | — | — | — | — | — | — | — | — | -28.1M | -41.1M | -31.8M | -42.3M |
| EPS | 0.28 | — | -0.17 | -0.36 | -0.16 | -0.24 | -0.15 | -0.14 | -0.28 | -1.73 | -0.08 | -0.09 |
| Diluted EPS | 0.25 | — | -0.17 | -0.36 | -0.16 | -0.24 | -0.15 | -0.14 | -0.28 | -1.73 | -0.08 | -0.09 |
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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Market cap | — | — | — | — | — | — | — | 315.2M |
| Enterprise value | — | — | — | — | — | — | — | 2.5B |
| Shares outstanding | 152.6M | 152.6M | 138.3M | 155.7M | 158.8M | 160.2M | 226.5M | 226.5M |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | -0.29 |
| P/S | — | — | — | — | — | — | — | 609.5 |
| P/B | — | — | — | — | — | — | — | 15.4 |
| EV/EBITDA | — | — | — | — | — | — | — | -17.8 |
| EV/Sales | — | — | — | — | — | — | — | 560 |
| Earnings yield | — | — | — | — | — | — | — | -342.4% |
| FCF yield | — | — | — | — | — | — | — | -23.7% |
| PEG | — | — | — | — | — | — | — | 0.01 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | -590.5% | -62K% | -39.2K% | -33.2K% | -2.8K% | -2.6K% |
| Net margin | — | — | -855.1% | -67.6K% | -14K% | -48.7K% | -16.1K% | 0% |
| ROE | -40.9% | -187.3% | -45.1% | -59.2% | -18% | -128.7% | -297.4% | -417.2% |
| ROA | -39.3% | -160.1% | -42.1% | -51.5% | -15% | -94.1% | -225.5% | -39% |
| ROIC | -27.5% | -30.8K% | -492.4% | -1.8K% | -146.1% | -129.4% | 354.6% | 294.1% |
| Return on tangible assets | -39.3% | -160.1% | -42.1% | -51.5% | -15% | -98.6% | -230.5% | -258.3% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Current ratio | 24.4 | 8.09 | 17.9 | 14.4 | 9.22 | 3.21 | 11.7 | 8.58 |
| Quick ratio | 24.4 | 8.09 | 17.9 | 14.4 | 9.22 | 3.21 | 11.7 | 8.58 |
| Debt / equity | 0 | 0.02 | 0 | 0.06 | 0.08 | 0.21 | 0.01 | 0.02 |
| Debt / assets | 0 | 0.02 | 0 | 0.05 | 0.07 | 0.16 | 0.01 | 0.01 |
| Net debt / EBITDA | -18.9 | 0.97 | 3.46 | 1.79 | 1.32 | 0.37 | 2.24 | 1.56 |
| Interest coverage | — | — | — | -145.5 | -13.8 | -46.5 | -566.9 | -334.1K |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 0.15 | 0 | 0 | 0 | 0.02 | 0.01 |
| EPS (basic) | -0.09 | -1.11 | -1.21 | -0.98 | -0.25 | -0.93 | -2.91 | -2.91 |
| EPS (diluted) | -0.09 | -1.11 | -1.21 | -0.98 | -0.25 | -0.93 | -2.91 | -2.79 |
| Book value per share | 0.39 | 0.63 | 2.79 | 1.71 | 1.54 | 0.73 | 0.98 | 0.48 |
| FCF per share | -0.05 | -0.14 | -0.47 | -0.68 | -0.53 | -0.52 | -0.5 | -0.37 |
| Cash per share | 0.2 | 0.64 | 2.62 | 1.75 | 1.13 | 0.39 | 1.13 | 0.61 |
| Capex per share | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Capex / revenue | — | — | 0.85% | 331.8% | 82.5% | 1.95% | 0% | 0% |
| Capex / operating cash flow | -0.13% | -0.07% | -0.18% | -0.67% | -0.27% | -0.01% | 0% | 0% |
| Payout ratio | — | — | — | — | — | — | — | 0% |
| — |
| — |
| $20.4M |
| — |
| FY20 | — | -$1.11 | — | — | $0 | — |
| FY19 | — | -$0.09 | — | — | $0 | — |
| Q1 24 |
|---|
| Q2 24 |
|---|
| Q3 24 |
|---|
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | — | — | — | — | — | — | — | — | $749K | $1.1M | $954K | $1.7M |
| YoY change | — | — | — | — | — | — | — | — | — | — | — | — |
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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 30.1M | 97.2M | 362.3M | 273.1M | 179.3M | 62.3M | 256M |
| Receivables | — | — | — | — | — | — | 667K |
| Inventory | — | — | — | — | — | — | — |
| Total current assets | 39.1M | 99.5M | 375.1M | 287.1M | 185.6M | 80.1M | 275.7M |
| Property, plant & equipment | 21K | 71K | — | 1.2M | 2.2M | 3.9M | 4M |
| Goodwill & intangibles | — | — | — | — | — | 7.2M | 6.4M |
| Total assets | 62.1M | 111.5M | 414.2M | 305.4M | 293.5M | 159.4M | 292.7M |
| Accounts payable | 688K | 3.1M | 6M | 2.4M | 4.6M | 2.6M | 4.9M |
| Short-term debt | — | — | — | 180K | 275K | 9.8M | 271K |
| Total current liabilities | 1.6M | 12.3M | 20.9M | 19.9M | 20.1M | 25M | 23.5M |
| Long-term debt | 157K | 2.2M | 743K | 15.2M | 18.9M | 14.9M | 1.8M |
| Total liabilities | 2.5M | 16.2M | 28.2M | 39.7M | 49.2M | 42.8M | 70.7M |
| Shareholders' equity | 59.6M | 95.4M | 386M | 265.8M | 244.3M | 116.6M | 222M |
| Total debt | 157K | 2.2M | 743K | 15.3M | 19.1M | 24.7M | 2.1M |
| Net debt | -29.9M | -95.1M | -361.5M | -175.3M | -25.9M | 7.2M | -83.2M |
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 | 209M | 179.3M | 106.2M | 88.3M | 85.9M | 62.3M | 98.2M | 95.9M | 114.6M | 256M | 230.8M | 225.8M |
| Receivables | — | — | — | — | — | — | — | — | — | 667K | 864K | 647K |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 215.8M | 185.6M | 117.5M | 117.9M | 114.1M | 80.1M | 116M | 102.7M | 130.7M | 275.7M | 250.1M | 244.7M |
| Property, plant & equipment | 992K | 2.2M | 2M | 1.9M | 865K | 3.9M | 5.6M | 5.7M | 5.7M | 4M | 3.9M | 3.6M |
| Goodwill & intangibles | — | — | — | — | — | 7.2M | 16.6M | 19.3M | 29.5M | 6.4M | 6.2M | 6.1M |
| Total assets | 308.2M | 293.5M | 269.1M | 215.8M | 197.5M | 159.4M | 195.8M | 189.2M | 239.8M | 292.7M | 264.9M | 264.8M |
| Accounts payable | 5.5M | 4.6M | 3.8M | 3.8M | 4.9M | 2.6M | 2.7M | 4M | 5.4M | 4.9M | 10.8M | 11.5M |
| Short-term debt | 292K | 275K | 244K | 239K | 2.7M | 9.8M | 14.8M | 6.6M | 532K | 271K | 310K | 314K |
| Total current liabilities | 19.7M | 20.1M | 15M | 17.6M | 19.6M | 25M | 28.5M | 25.5M | 16.5M | 23.5M | 25M | 28.5M |
| Long-term debt | 16.4M | 18.9M | 20.6M | 19.4M | 21.1M | 14.9M | 11.9M | 2.6M | 2.4M | 1.8M | 1.7M | 1.6M |
| Total liabilities | 39.7M | 49.2M | 45.9M | 47.2M | 51.2M | 42.8M | 43.5M | 45.3M | 79.9M | 70.7M | 66.1M | 88.4M |
| Shareholders' equity | 268.5M | 244.3M | 223.3M | 168.5M | 146.3M | 116.6M | 152.3M | 143.9M | 159.9M | 222M | 198.8M | 176.4M |
| Total debt | 16.7M | 19.1M | 20.8M | 19.6M | 23.8M | 24.7M | 26.7M | 9.2M | 3M | 2.1M | 2M | 1.9M |
| Net debt | -59.8M | -25.9M | 1.9M | 299K | -6.2M | 7.2M | -21.6M | -52.7M | -27.4M | -83.2M | -41.1M | -166.9M |
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 | -24.4M | -178.6M | -174.2M | -157.4M | -43.9M | -150M | -660.1M |
| Depreciation & amortization | 6K | 24K | 47K | 168K | 319K | 473K | 1M |
| Stock-based compensation | 57K | 67.2M | 63.4M | 42.4M | 33M | 25.5M | 14.2M |
| Change in working capital | 249K | 1.7M | -3.7M | -3M | 2.1M | -1.9M | -929K |
| Operating cash flow | -15M | -79.9M | -98.4M | -114.6M | -94.8M | -80M | -102.7M |
| Capital expenditure | -19K | -59K | -173K | -773K | -259K | -6K | 0 |
| Investing cash flow | -9M | -28.3M | -80.3M | -86.6M | -53M | 59.3M | -98.3M |
| Dividends paid | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | -6.6M |
| Financing cash flow | 40.4M | 112.9M | 408.4M | 18.5M | -8.6M | 4.8M | 237.5M |
| Net change in cash | 16.4M | 4.8M | 229.6M | -182.7M | -156.3M | -15.9M | 36.6M |
| Free cash flow | -7.9M | -20.8M | -64.4M | -105.5M | -84.7M | -82.5M | -113.5M |
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 | 43.4M | -19.1M | -27.4M | -57.4M | -26.3M | -39M | -26.5M | -27.7M | -61.1M | -544.8M | -29.8M | -32.5M |
| Depreciation & amortization | 74K | 101K | 83K | 82K | 83K | 225K | 216K | 227K | 233K | 336K | 167K | 215K |
| Stock-based compensation | 8.3M | 7.3M | 5.8M | 6.3M | 5M | 8.4M | 3.4M | 2.7M | 3.3M | 4.9M | 5.4M | 7.4M |
| Change in working capital | 1.7M | -958K | -742K | -22K | 1M | -2.1M | 36K | 777K | 1.8M | -4.3M | 5.9M | -6.6M |
| Operating cash flow | -17M | -99.5M | -20.2M | -19.3M | -16.6M | -24M | -15.6M | -14.1M | -23.3M | -47.5M | -21.1M | -35.3M |
| Capital expenditure | 0 | -8K | 0 | 0 | 0 | -6K | -268K | 0 | 0 | 0 | — | — |
| Investing cash flow | -46M | -814K | 11.5M | 16.3M | 24.8M | 6.6M | -11M | 9.9M | -52.2M | -40.2M | -21.7M | 158.6M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | -3.6M | -905K | — | — |
| Financing cash flow | 0 | -8.5M | — | — | — | 0 | 59.2M | 18.4M | 57.9M | 117.6M | 0 | 0 |
| Net change in cash | -63M | -108.8M | -8.7M | -3M | 8.3M | -17.4M | 32.6M | 14.2M | -17.5M | 29.8M | -42.7M | 123.3M |
| Free cash flow | -18.4M | -22M | -22.6M | -16.2M | -19.3M | -24.4M | -18.1M | -14.2M | -28.6M | -47.6M | -21.1M | -35.3M |