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 | -$1.1 | -$0.95 | +13.6% | — | $0 | — |
| Q1 26 | -$0.99 | -$1.11 | -12.1% | — | $0 | — |
| Q4 25 | -$1.14 | -$1.34 | -17.5% | — | $0 | — |
| Q3 25 | -$1 | -$1.05 | -5.0% | — | $0 | — |
| Q2 25 | -$0.85 | -$1.05 | -23.5% | — | $0 | — |
| Q1 25 | -$0.82 | -$0.75 | +8.5% | — | $0 | — |
| Q4 24 | -$0.95 | -$0.75 | +21.1% | — | $0 | — |
| Q3 24 | -$0.9 | -$0.9 | 0.0% | — | $0 | — |
| Q2 24 | -$0.9 | -$0.75 | +16.7% | — | $0 | — |
| Q1 24 | -$1 | -$0.75 | +25.0% | — | $0 | — |
| Q4 23 | -$1 | -$0.75 | +25.0% | — | — | — |
| Q3 23 | -$0.9 | -$1.2 | -33.3% | — | — | — |
| Q2 23 | -$0.9 | -$0.75 | +16.7% | — | — | — |
| Q1 23 | -$0.06 | -$0.06 | 0.0% | — | — | — |
| Q4 22 | -$0.06 | -$0.06 | 0.0% | — | — | — |
| Q3 22 | -$0.06 | -$0.05 | +16.7% | — | — | — |
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 | — | -$4.04 | — | — | $0 | — |
| FY24 | — | -$3 | — | — | $0 | — |
| FY23 | — | -$0.24 | — | — | — | — |
| FY22 | — | -$0.21 | — | — | $0 | — |
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 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | — | $0 | $0 |
| YoY change | -100% | 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 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — | 0 | 0 |
| Cost of revenue | 0 | — | — | — | — | — | — | — | — | — |
| Gross profit | 0 | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — |
| Research & development | 770.4K | 2.3M | 4.2M | 6.6M | 6.6M | 9.2M | 15.1M | — | 14.1M | 21.2M |
| Selling, general & administrative | 6.5M | 4.9M | 7.2M | 10.6M | 8M | 11.3M | 12.6M | — | 13.5M | 16M |
| Operating expenses | 7.2M | 7.2M | 11.4M | 17.3M | 14.6M | 20.5M | 27.7M | — | 27.6M | 37.1M |
| Operating income | -7.2M | -7.2M | -11.4M | -17.3M | -14.6M | -20.5M | -27.7M | — | -27.6M | -37.1M |
| Operating margin | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | 880.7K | -935.1K | 29.3K | 25.6K | -3.2M | -91K | -146K | — | -1.9M | -6K |
| Pretax income | -6.4M | -8.1M | -11.4M | -17.2M | -17.8M | -20.6M | -27M | — | -25.5M | -34.8M |
| Income tax | 0 | — | 0 | 0 | 0 | 0 | 0 | — | 0 | 0 |
| Net income | -6.4M | -8.1M | -11.4M | -17.2M | -17.8M | -20.6M | -27M | — | -25.5M | -34.8M |
| Net margin | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -6.2M | -6.1M | -11.4M | -17.2M | -11.3M | -20.5M | -27.7M | — | -25.9M | -37.1M |
| EPS | -25.9 | -10.9 | -5.5 | -2.03 | -1.97 | -0.18 | -0.21 | -0.24 | -3 | -4.04 |
| Diluted EPS | -25.9 | -10.9 | -5.5 | -2.03 | -1.97 | -0.18 | -0.21 | -0.24 | -3 | -4.04 |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | Q2 23 | Q3 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 | 3.7M | 4.5M | 3.7M | 3.6M | 3.4M | 3.4M | 4.2M | 5.5M | 5.4M | 6.2M | 4.8M | 4.9M |
| Selling, general & administrative | 4.1M | 3M | 3.2M | 3.6M | 3M | 3.7M | 3.3M | 3.5M | 3.9M | 5.3M | 5.1M | 3.8M |
| Operating expenses | 7.8M | 7.5M | 7M | 7.1M | 6.4M | 7.2M | 7.4M | 9M | 9.3M | 11.4M | 9.9M | 8.7M |
| Operating income | -7.8M | -7.5M | -7M | -7.1M | -6.4M | -7.2M | -7.4M | -9M | -9.3M | -11.4M | -9.9M | -8.7M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | -3M | -35K | -36K | -17K | -1.8M | -33K | -24K | -28K | -11K | 57K | -28K | -24K |
| Pretax income | -9.8M | -6.2M | -5.9M | -6M | -7.2M | -6.3M | -6.7M | -8.4M | -8.7M | -10.9M | -9.6M | -8.5M |
| Income tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income | -9.8M | -6.2M | -5.9M | -6M | -7.2M | -6.3M | -6.7M | -8.4M | -8.7M | -10.9M | -9.6M | -8.5M |
| Net margin | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -4.8M | -7.5M | -7M | -7.1M | -4.7M | -7.1M | -7.4M | -9M | -9.2M | -11.4M | -9.9M | -8.7M |
| EPS | -0.08 | -0.05 | -0.05 | -0.05 | -0.06 | — | -0.75 | -1.05 | -1.05 | — | -1.11 | -0.95 |
| Diluted EPS | -0.08 | -0.05 | -0.05 | -0.05 | -0.06 | — | -0.75 | -1.05 | -1.05 | — | -1.11 | -0.95 |
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 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market cap | — | — | — | — | — | — | 1B | 1.7B | — | 76.2M | 19.6M |
| Enterprise value | — | — | — | — | — | — | 895.8M | 1.7B | — | 34.9M | -7.1M |
| Shares outstanding | 245.6K | 974.8K | 4.2M | 8.5M | 11.3M | 117M | 126.6M | 126.1M | 8.4M | 8.6M | 8.6M |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | — | — | — | -0.49 |
| P/B | — | — | — | — | — | — | 8.53 | — | — | 1.94 | 0.71 |
| EV/EBITDA | — | — | — | — | — | — | -32.4 | — | — | -0.94 | 0.18 |
| Earnings yield | — | — | — | — | — | — | — | — | — | — | -205.6% |
| FCF yield | — | — | — | — | — | — | -2.06% | — | — | -39.1% | -119.3% |
| PEG | — | — | — | — | — | — | — | — | — | — | 0.05 |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | — | — | — | — | — | 0% |
| Net margin | — | — | — | — | — | — | — | — | — | — | 0% |
| ROE | -205.6% | -117.1% | -129.5% | -131% | -65.6% | -14.9% | -22.9% | — | -35.7% | -88.4% | -89.2% |
| ROA | -153.7% | -99.5% | -97.3% | -119% | -41.6% | -14.6% | -21.8% | — | -33.4% | -73% | -50.7% |
| ROIC | -10.5K% | — | 725.8% | -2.8K% | 118.1% | -1.2K% | -391.4% | — | -7K% | 1.9K% | -5.3K% |
| Return on tangible assets | -222.4% | -101.4% | -99% | -120.1% | -41.6% | -14.6% | -21.8% | — | -33.4% | -73% | -116.8% |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 3.11 | 6.45 | 3.96 | 10.8 | 2.73 | 45.2 | 21.2 | — | 15 | 5.53 | 5.69 |
| Quick ratio | 3.11 | 6.45 | 3.96 | 10.8 | 2.73 | 45.2 | 21.2 | — | 15 | 5.53 | 5.69 |
| Debt / equity | — | — | 0 | 0 | 0 | — | — | — | — | — | 0 |
| Debt / assets | — | — | 0 | 0 | 0 | — | — | — | — | — | — |
| Net debt / EBITDA | — | — | 0.91 | 0.73 | 3.5 | — | — | — | — | — | 0.67 |
| Interest coverage | — | -37.3 | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0% | — | 0% | 0% | 0% | 0% | 0% | — | 0% | 0% | 0% |
| Metric | FY16 | 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) | -25.9 | -10.9 | -5.5 | -2.03 | -1.97 | -0.18 | -0.21 | -0.24 | -3 | -4.04 | -4.04 |
| EPS (diluted) | -25.9 | -10.9 | -5.5 | -2.03 | -1.97 | -0.18 | -0.21 | -0.24 | -3 | -4.04 | -4.34 |
| Book value per share | 12.6 | 7.12 | 2.12 | 1.55 | 2.4 | 1.18 | 0.93 | — | 8.52 | 4.57 | 2.69 |
| FCF per share | -21.9 | -6.76 | -2.18 | -1.08 | -1.02 | -0.14 | -0.16 | — | -2.51 | -3.46 | -4.02 |
| Cash per share | 12.3 | 7.4 | 2.5 | 1.48 | 3.5 | 1.17 | 0.88 | — | 8.47 | 4.8 | 2.62 |
| Capex per share | 0.04 | 0 | 0.03 | 0 | 0 | 0 | 0 | — | 0 | — | — |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Capex / operating cash flow | -0.18% | 0% | -1.24% | -0.09% | -0.07% | -0.06% | -0.14% | — | -0.08% | — | — |
| Payout ratio | — | — | — | — | — | — | — | — | — | — | 0% |
| FY21 | — | -$0.18 | — | — | $0 | — |
| FY20 | — | -$1.97 | — | — | $0 | — |
| FY19 | — | -$2.03 | — | — | $0 | — |
| FY18 | — | -$5.5 | — | — | $0 | — |
| FY17 | — | -$10.9 | — | — | $0 | — |
| FY16 | — | -$25.9 | — | — | $0 | — |
| Period | Q2 23 | Q3 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% |
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 | FY15 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 3.7M | 3M | 7.2M | 10.4M | 12.6M | 39.6M | 136.4M | 110.9M | 71.1M | 41.3M |
| Receivables | — | — | — | — | — | — | — | — | — | — |
| Inventory | 0 | — | — | — | — | — | — | — | — | — |
| Total current assets | 4.3M | 3.3M | 7.9M | 11.5M | 14.3M | 42.8M | 141.2M | 118.2M | 74.5M | 45.6M |
| Property, plant & equipment | 171.6K | 55.1K | -148K | 54K | 84.8K | 39K | 20K | — | — | — |
| Goodwill & intangibles | 3.4M | 1.3M | 151.4K | 198.8K | 137.1K | 26K | 0 | — | — | — |
| Total assets | 6.2M | 4.1M | 8.2M | 11.7M | 14.5M | 42.8M | 141.3M | 123.5M | 76.4M | 47.6M |
| Accounts payable | 814.4K | 254.3K | 334.9K | 353.3K | 293.2K | 1.6M | 1.7M | 3M | 679K | 4.3M |
| Short-term debt | — | — | — | — | 39.4K | 18K | — | — | — | — |
| Total current liabilities | 2.5M | 1M | 1.2M | 2.9M | 1.3M | 15.7M | 3.1M | 5.6M | 5M | 8.3M |
| Long-term debt | — | — | — | 0 | 11.1K | 0 | — | — | — | — |
| Total liabilities | 2.5M | 1M | 1.2M | 2.9M | 1.3M | 15.7M | 3.1M | 5.6M | 5M | 8.3M |
| Shareholders' equity | 3.7M | 3.1M | 6.9M | 8.8M | 13.2M | 27.2M | 138.1M | 118M | 71.5M | 39.4M |
| Total debt | — | — | — | 0 | 50.5K | 18K | — | — | — | — |
| Net debt | — | — | — | -10.4M | -12.5M | -39.5M | — | — | — | — |
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 | Q2 23 | Q3 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 | 99.4M | 94M | 84M | 79.5M | 74.8M | 71.1M | 65.1M | 57.9M | 51.8M | 41.3M | 31.7M | 26.1M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 106M | 97.6M | 87.1M | 81.7M | 77.1M | 74.5M | 68.7M | 62.5M | 55.7M | 45.6M | 36.7M | 31M |
| Property, plant & equipment | — | — | — | — | — | — | — | — | — | — | — | — |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 108.4M | 101.7M | 91.1M | 85.9M | 79.5M | 76.4M | 70.7M | 64.5M | 58M | 47.6M | 37.9M | 32.3M |
| Accounts payable | 1.2M | 718K | 1.2M | 1.1M | 1.6M | 679K | 1.2M | 2M | 3.5M | 4.3M | 2.6M | 2M |
| Short-term debt | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | 3.5M | 3.4M | 5.3M | 5.7M | 5.8M | 5M | 5.4M | 6.8M | 8.2M | 8.3M | 7.5M | 5.5M |
| Long-term debt | — | — | — | — | — | — | — | — | — | — | — | — |
| Total liabilities | 3.5M | 3.4M | 5.3M | 5.7M | 5.8M | 5M | 5.4M | 6.8M | 8.2M | 8.3M | 7.5M | 5.5M |
| Shareholders' equity | 104.9M | 98.3M | 85.8M | 80.2M | 73.7M | 71.5M | 65.3M | 57.7M | 49.8M | 39.4M | 30.5M | 26.8M |
| 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 | FY15 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -15.8M | -6.4M | -8.1M | -11.4M | -17.2M | -17.8M | -20.6M | -27M | -25.5M | -34.8M |
| Depreciation & amortization | 272.6K | 303.5K | 129K | 44.2K | 52.8K | 47K | 23K | 8K | 17K | 16K |
| Stock-based compensation | 840.1K | 876.2K | 786.5K | 2.5M | 8.8M | 3M | 5.3M | 6.8M | 2.3M | 2.6M |
| Change in working capital | 219.4K | -253.2K | -348.7K | -42.7K | -303.9K | 761K | -813K | 978K | 116K | 2.9M |
| Operating cash flow | -11.7M | -5.2M | -7.4M | -8.9M | -8.6M | -13.1M | -16.1M | -19.2M | -23.1M | -29.8M |
| Capital expenditure | -130.7K | -9.2K | 0 | -110.9K | -7.6K | -9K | -9K | -27K | -19K | — |
| Investing cash flow | -130.7K | -9.2K | 0 | -110.9K | -7.6K | -9K | -9K | -4.7M | -19K | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | 0 | — |
| Financing cash flow | 9.5M | 4.7M | 10M | 12.3M | 0 | 38.6M | 69.1M | 0 | 0 | — |
| Net change in cash | -2.4M | -535.8K | 2.7M | 3.2M | -8.7M | 25.5M | 53M | -23.9M | -23.1M | -29.8M |
| Free cash flow | -14.1M | -5.4M | -6.6M | -9.1M | -9.1M | -11.6M | -16.5M | -20.8M | -21M | -29.8M |
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 | Q2 23 | Q3 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -9.8M | -6.2M | -5.9M | -6M | -7.2M | -6.3M | -6.7M | -8.4M | -8.7M | -10.9M | -9.6M | -8.5M |
| Depreciation & amortization | 3K | 3K | 5K | 4K | 4K | 4K | 4K | 4K | 4K | 4K | 4K | 4K |
| Stock-based compensation | 1.6M | 926K | 417K | 352K | 749K | 774K | 563K | 796K | 784K | 503K | 722K | 815K |
| Change in working capital | -441K | -1.3M | -548K | -37K | 384K | 317K | -422K | 984K | 1.3M | 1.1M | -1.6M | -579K |
| Operating cash flow | -8.7M | -6.6M | -6M | -5.7M | -6.1M | -5.3M | -6.6M | -7.3M | -6M | -10.5M | -9.6M | -9.6M |
| Capital expenditure | -13K | -1K | -6K | -3K | -10K | 0 | -9K | — | — | — | — | — |
| Investing cash flow | -13K | -1K | -6K | -3K | -10K | 0 | -9K | — | — | — | — | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | 0 | — | — | — | — | — | — |
| Financing cash flow | — | — | — | — | — | 0 | — | — | — | — | — | — |
| Net change in cash | -8.7M | -6.6M | -6M | -5.7M | -6.1M | -5.3M | -6.6M | -7.3M | -6M | -10.5M | -9.6M | -9.6M |
| Free cash flow | -4.5M | -3.9M | -4.7M | -4.5M | -4.8M | -7.1M | -6M | -7.3M | -6M | -10.5M | -9.6M | -9.6M |