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 | -$0.21 | -$0.3 | -42.9% | — | $1M | — |
| Q4 25 | -$0.56 | -$0.75 | -33.9% | — | $310K | — |
| Q3 25 | -$0.57 | -$0.62 | -8.8% | — | $429K | — |
| Q2 25 | -$0.48 | -$0.58 | -20.8% | — | $618K | — |
| Q1 25 | -$0.43 | -$0.61 | -41.9% | — | — | — |
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 | — | -$2.55 | — | — | $1.9M | — |
| FY24 | — | -$3.77 | — | — | — | — |
| FY23 | — | -$1.28 | — | — | $2.7M | — |
| FY22 | — | -$0.85 | — | — | $3.2M | — |
| FY21 | — | -$0.48 | — | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $5.8M | $3.2M | $2.7M | — | $1.9M |
| YoY change | — | -45.1% | -14.6% | — | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | Q2 23 | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 |
|---|
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 5.8M | 3.2M | 2.7M | — | 1.9M |
| Cost of revenue | 3.9M | 2.9M | 1.9M | — | 569K |
| Gross profit | 1.9M | 298.4K | 876.8K | — | 1.3M |
| Gross margin | 32.7% | 9.32% | 32.1% | — | 70.3% |
| Research & development | 10M | 17.6M | 31M | — | 69.1M |
| Selling, general & administrative | 9.1M | 15.2M | 17M | — | 26.1M |
| Operating expenses | 18.1M | 31.6M | 47.3M | — | 95.5M |
| Operating income | -16.3M | -31.5M | -46.8M | — | -94.1M |
| Operating margin | -279.9% | -983.8% | -1.7K% | — | -4.9K% |
| Non-operating income, net | 115.5K | 1.4M | -336.3K | — | -725K |
| Pretax income | -17.2M | -30.6M | -46.8M | — | -94.2M |
| Income tax | 0 | 0 | 0 | — | 0 |
| Net income | -17.2M | -30.6M | -46.8M | — | -94.2M |
| Net margin | -294.5% | -954.9% | -1.7K% | — | -4.9K% |
| EBITDA | -15.6M | -30.5M | -44.4M | — | -91.8M |
| EPS | -0.48 | -0.85 | -1.28 | -3.77 | -2.55 |
| Diluted EPS | -0.48 | -0.85 | -1.28 | -3.77 | -2.55 |
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 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 520.4K | 599K | 544.2K | 766.4K | 631.5K | 769K | — | 618K | 429K | 310K | 494K | 1M |
| Cost of revenue | 588.2K | 555.9K | 357.3K | 473.6K | 312.1K | 443.5K | — | 148K | 123K | 91K | 114K | 233K |
| Gross profit | -67.8K | 43.1K | 186.8K | 292.8K | 319.4K | 325.4K | — | 470K | 306K | 219K | 380K | 776K |
| Gross margin | -13% | 7.2% | 34.3% | 38.2% | 50.6% | 42.3% | — | 76.1% | 71.3% | 70.6% | 76.9% | 76.9% |
| Research & development | 6.7M | 7.7M | 9.6M | 11.6M | 12.6M | 13.9M | — | 16.3M | 16.8M | 19.5M | 17.5M | 23.4M |
| Selling, general & administrative | 3.8M | 4M | 4.8M | 6.5M | 6.2M | 7M | — | 5M | 5.8M | 9.7M | 6.9M | 8.4M |
| Operating expenses | 10.5M | 11.7M | 14.4M | 18.1M | 18.8M | 20.9M | — | 21.4M | 22.6M | 29.2M | 24.4M | 31.8M |
| Operating income | -10.5M | -11.6M | -13.8M | -17.8M | -18.5M | -20.6M | — | -20.9M | -22.3M | -29.2M | -24M | -31M |
| Operating margin | -2K% | -1.9K% | -2.5K% | -2.3K% | -2.9K% | -2.7K% | — | -3.4K% | -5.2K% | -9.4K% | -4.9K% | -3.1K% |
| Non-operating income, net | -124.8K | 1.1M | -1.5M | 1.6M | -336.7K | -1.2M | — | -156K | 71K | -515K | 1.6M | 2.4M |
| Pretax income | -10.7M | -10.6M | -14.9M | -16.2M | -18.8M | -21.8M | — | -21.1M | -22.2M | -29M | -22.4M | -28.8M |
| Income tax | 0 | 0 | 0 | 0 | 0 | 0 | — | 0 | 0 | 0 | 492K | 0 |
| Net income | -10.7M | -10.6M | -14.9M | -16.2M | -18.8M | -21.8M | — | -21.1M | -22.2M | -29M | -22.9M | -28.8M |
| Net margin | -2K% | -1.8K% | -2.7K% | -2.1K% | -3K% | -2.8K% | — | -3.4K% | -5.2K% | -9.4K% | -4.6K% | -2.9K% |
| EBITDA | -10M | -10.7M | -13.3M | -17M | -18M | -20.1M | — | -20.3M | -21.7M | -28.5M | -21.9M | -28.1M |
| EPS | -0.3 | -0.29 | — | -0.45 | -0.52 | -0.61 | -0.61 | -0.58 | -0.62 | — | -0.28 | -0.3 |
| Diluted EPS | -0.3 | -0.29 | — | -0.45 | -0.52 | -0.61 | -0.61 | -0.58 | -0.62 | — | -0.28 | -0.3 |
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 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Market cap | — | — | — | — | — | 753.4M |
| Enterprise value | — | — | — | — | — | 496.2M |
| Shares outstanding | 35.9M | 35.9M | 35.9M | 20.3M | 36.9M | 36.9M |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | -3.04 |
| P/S | — | — | — | — | — | 333.9 |
| P/B | — | — | — | — | — | 2.98 |
| EV/EBITDA | — | — | — | — | — | -4.75 |
| EV/Sales | — | — | — | — | — | 221.3 |
| Earnings yield | — | — | — | — | — | -32.9% |
| FCF yield | — | — | — | — | — | -6.79% |
| PEG | — | — | — | — | — | 0.06 |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Gross margin | 32.7% | 9.32% | 32.1% | — | 70.3% | 76.9% |
| Operating margin | -279.9% | -983.8% | -1.7K% | — | -4.9K% | -3.1K% |
| Net margin | -294.5% | -954.9% | -1.7K% | — | -4.9K% | 70.3% |
| ROE | -163.1% | -338.3% | -247.5% | — | 37.2K% | -74.7% |
| ROA | -80.1% | -191.2% | -153.2% | — | -409.7% | -42.5% |
| ROIC | 2.1K% | -4.5K% | 8.8K% | — | -4.6K% | 5.7K% |
| Return on tangible assets | -86.3% | -206.9% | -157.4% | — | -410.9% | -37.8% |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Current ratio | 1.84 | 2.02 | 2.56 | — | 0.73 | 14.2 |
| Quick ratio | 1.78 | 1.97 | 2.51 | — | 0.73 | 14.2 |
| Debt / equity | 0.39 | 0.11 | 0.08 | — | -9.02 | 0.01 |
| Debt / assets | 0.19 | 0.06 | 0.05 | — | 0.1 | 0.01 |
| Net debt / EBITDA | 0.73 | 0.27 | 0.44 | — | — | 2.53 |
| Interest coverage | -15.6 | -46.1 | -696 | — | -1.3K | -558.6 |
| Effective tax rate | 0% | 0% | 0% | — | 0% | 0% |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Revenue per share | 0.16 | 0.09 | 0.08 | — | 0.05 | 0.04 |
| EPS (basic) | -0.48 | -0.85 | -1.28 | -3.77 | -2.55 | -2.55 |
| EPS (diluted) | -0.48 | -0.85 | -1.28 | -3.77 | -2.55 | -1.95 |
| Book value per share | 0.29 | 0.25 | 0.53 | — | -0.01 | 2.58 |
| FCF per share | -0.42 | -0.86 | -1.03 | — | -2.16 | -0.91 |
| Cash per share | 0.43 | 0.26 | 0.59 | — | — | 2.64 |
| Capex per share | 0.02 | 0.04 | 0.07 | — | — | — |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Capex / revenue | 9.69% | 49.1% | 86.4% | — | — | — |
| Capex / operating cash flow | -3.7% | -5.9% | -5.88% | — | — | — |
| Payout ratio | — | — | — | — | — | 0% |
| $5.8M |
| — |
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $520.4K | $599K | $544.2K | $766.4K | $631.5K | $769K | — | $618K | $429K | $310K | $494K | $1M |
| YoY change | — | — | — | -28.5% | +21.4% | +28.4% | — | -2.14% | -44.2% | — | — | +63.3% |
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 | FY21 | FY22 | FY23 | FY25 |
|---|---|---|---|---|
| Cash & short-term investments | 15.5M | 9.3M | 21M | — |
| Receivables | 205K | 440.9K | 407.6K | 32K |
| Inventory | 549.8K | 355.6K | 442.3K | 152K |
| Total current assets | 18.7M | 12.2M | 24.2M | 15.7M |
| Property, plant & equipment | 1.9M | 3.1M | 5.5M | 7.3M |
| Goodwill & intangibles | 1.5M | 1.2M | 820.3K | 65K |
| Total assets | 21.4M | 16M | 30.5M | 23M |
| Accounts payable | 2.2M | 1.7M | 3.1M | 11.1M |
| Short-term debt | 3.8M | 513K | 668.9K | 582K |
| Total current liabilities | 10.2M | 6M | 9.5M | 21.4M |
| Long-term debt | 305.8K | 439.8K | 926.8K | 1.7M |
| Total liabilities | 10.9M | 7M | 11.6M | 23.3M |
| Shareholders' equity | 10.5M | 9M | 18.9M | -253K |
| Total debt | 4.1M | 952.8K | 1.6M | 2.3M |
| Net debt | -11.3M | -8.3M | -19.4M | — |
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 23 | Q1 24 | Q2 24 | Q3 24 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 21M | 6.9M | 7.1M | 10.1M | 28.4M | 9.1M | — | 282.7M | 256.9M |
| Receivables | 407.6K | 382.4K | 158.4K | 126K | 687K | 234K | 32K | 231K | 548K |
| Inventory | 442.3K | 414.4K | 380.3K | 459.6K | 449K | 436K | 152K | 122K | 8K |
| Total current assets | 24.2M | 11M | 10.7M | 15.2M | 32.2M | 11.2M | 15.7M | 286.7M | 260.7M |
| Property, plant & equipment | 5.5M | 5.3M | 5.8M | 5.7M | 7.1M | 7.3M | 7.3M | 7.9M | 8.3M |
| Goodwill & intangibles | 820.3K | 341.9K | 291K | 264.6K | 98K | 70K | 65K | 105K | 97K |
| Total assets | 30.5M | 16.6M | 16.8M | 21.1M | 39.9M | 19.1M | 23M | 294.7M | 272.5M |
| Accounts payable | 3.1M | 4.1M | 4.1M | 5.9M | 5.4M | 4.3M | 11.1M | 3.8M | 5.1M |
| Short-term debt | 668.9K | 1.7M | 1.8M | 1.8M | 1.1M | 720K | 582K | 1.3M | 1M |
| Total current liabilities | 9.5M | 9.7M | 11.7M | 16.3M | 13.3M | 13.4M | 21.4M | 13.7M | 18.4M |
| Long-term debt | 926.8K | 785.5K | 1M | 915.7K | 1.7M | 1.6M | 1.7M | 2.4M | 2.3M |
| Total liabilities | 11.6M | 12.3M | 14.3M | 18.2M | 15.8M | 15.7M | 23.3M | 16.3M | 20.8M |
| Shareholders' equity | 18.9M | 4.4M | 2.6M | 2.9M | 24M | 3.4M | -253K | 278.4M | 251.7M |
| Total debt | 1.6M | 2.5M | 2.9M | 2.7M | 2.8M | 2.4M | 2.3M | 3.7M | 3.3M |
| Net debt | -19.4M | -4.3M | -4.3M | -7.4M | -25.6M | -6.8M | — | -279M | -253.5M |
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 | FY21 | FY22 | FY23 | FY25 |
|---|---|---|---|---|
| Net income | -17.2M | -30.6M | -46.8M | -94.2M |
| Depreciation & amortization | 640.1K | 774.1K | 1.2M | 1.7M |
| Stock-based compensation | 254.8K | 2.9M | 5.8M | 7.8M |
| Change in working capital | 69.7K | -339.6K | -431.7K | 6.3M |
| Operating cash flow | -15.3M | -26.6M | -40.2M | -77.8M |
| Capital expenditure | -564.9K | -1.6M | -2.4M | — |
| Investing cash flow | -876.7K | -1.6M | -2.6M | — |
| Dividends paid | — | — | — | — |
| Share repurchases | — | — | — | — |
| Financing cash flow | 25.4M | 22.3M | 49.3M | 20.6M |
| Net change in cash | 9.2M | -5.9M | 6.6M | -57.2M |
| Free cash flow | -15M | -31.1M | -37M | -79.8M |
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 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -10.7M | -10.6M | -14.9M | -16.2M | -18.8M | -21.8M | — | — | -22.2M | -29M | -22.9M | -28.8M |
| Depreciation & amortization | 324.6K | 277.7K | 293.8K | 345.4K | 376.7K | 380.6K | — | — | 417K | 423K | 429K | 469K |
| Stock-based compensation | 1M | 1.2M | 1.6M | 1.5M | 1.7M | 2M | — | — | 1.5M | 3M | 1.8M | 2.1M |
| Change in working capital | 312.9K | -62.2K | -252.8K | -293.7K | 479.7K | -959.7K | — | — | 2M | 6.9M | -8.1M | 5.3M |
| Operating cash flow | -8.9M | -9.2M | -13.3M | -14.6M | -16.3M | -20.3M | -21.5M | -19.5M | -18.3M | -18.5M | -28.7M | -20.8M |
| Capital expenditure | -373.8K | -719.8K | -451K | -716.7K | -646.7K | -539.5K | — | — | — | — | — | — |
| Investing cash flow | -373.8K | -719.8K | -451K | -716.7K | -646.7K | -539.5K | — | — | — | — | — | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 874.1K | 427.7K | 25.5M | 1.6M | 14.4M | 18.5M | — | — | -294K | 22.4M | 299.5M | -877K |
| Net change in cash | -8.4M | -9.5M | 11.8M | -13.8M | -2.5M | -2.4M | -21.5M | -19.5M | -18.5M | 3.9M | 270.8M | -21.7M |
| Free cash flow | -8.7M | -9.3M | -8.4M | -16.2M | -14M | -14.7M | — | — | -19M | -18.9M | -28.9M | -21.4M |