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 25 | -$5.42 | -$3.15 | +41.9% | — | — | — |
| Q4 24 | -$0.25 | -$0.19 | +24.0% | — | $0 | — |
| Q3 24 | -$24.6 | -$19.6 | +20.4% | — | $0 | — |
| Q2 24 | -$28.8 | -$30.1 | -4.6% | — | $0 | — |
| Q1 24 | -$26.8 | -$29.1 | -8.5% | — | $0 | — |
| Q4 23 | -$25.7 | -$25.9 | -0.7% | — | $0 | — |
| Q3 23 | -$25 | -$24.9 | +0.7% | — | $0 | — |
| Q2 23 | -$24.4 | -$26.6 | -9.2% | — | $0 | — |
| Q1 23 | -$21.7 | -$23.4 | -8.1% | — | $0 | — |
| Q4 22 | -$21.9 | -$21.4 | +2.6% | — | $0 | — |
| Q3 22 | -$17.4 | -$19.6 | -12.6% | — | $0 | — |
| Q2 22 | -$15.4 | -$17.1 | -11.4% | — | $0 | — |
| Q1 22 | -$11.6 | -$15.8 | -36.4% | — | $0 | — |
| Q4 21 | -$9.1 | -$2.45 | +73.1% | — | $0 | — |
| Q3 21 | -$9.1 | -$9.1 | 0.0% | — | $0 | — |
| Q2 21 | -$3.5 | -$8.28 | -136.6% | — | $0 | — |
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 % |
|---|---|---|---|---|---|---|
| FY24 | — | — | — | — | $0 | — |
| FY23 | — | -$2.87 | — | — | $0 | — |
| FY22 | — | -$2.1 | — | — | $0 | — |
| FY21 | — | -$1.87 | — | — | $0 | — |
| FY20 | — | -$40.2 | — | — | $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 |
|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 |
| YoY change | — | 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.
| Period | Q1 22 | Q2 22 | Q3 22 | Q4 22 | Q1 23 | Q2 23 | Q3 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 |
|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — |
| Research & development | 3.1M | 7.9M | 15M | 38.6M | 64.2M | 53.2M |
| Selling, general & administrative | 218K | 949K | 8M | 14.6M | 17.2M | 21.4M |
| Operating expenses | 3.3M | 8.9M | 23M | 53.2M | 81.4M | 74.6M |
| Operating income | -3.3M | -8.9M | -23M | -53.2M | -81.4M | -74.6M |
| Operating margin | — | — | — | — | — | — |
| Non-operating income, net | 1K | -647K | -3K | -79K | -1K | -19K |
| Pretax income | -3.3M | -9.6M | -23M | -51.5M | -75.5M | -69.6M |
| Income tax | — | 0 | 3K | 25K | 56K | 55K |
| Net income | -3.3M | -9.6M | -23M | -51.5M | -75.5M | -69.6M |
| Net margin | — | — | — | — | — | — |
| EBITDA | -3.3M | -8.9M | -23M | -53.2M | -81.3M | -74.3M |
| EPS | -1.4 | -40.2 | -1.87 | -2.1 | -2.87 | — |
| Diluted EPS | -1.4 | -40.2 | -1.87 | -2.1 | -2.87 | — |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | Q1 22 | Q2 22 | Q3 22 | Q4 22 | Q1 23 | Q2 23 | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Research & development | 7.3M | 8.4M | 10.8M | 12.2M | 13.5M | 16M | 16.9M | 17.8M | 20.1M | 21.2M | 10.3M | 1.5M |
| Selling, general & administrative | 3.8M | 3.9M | 3.4M | 3.6M | 4.2M | 4.3M | 4.5M | 4.3M | 4.5M | 4.9M | 7.1M | 4.9M |
| Operating expenses | 11M | 12.2M | 14.2M | 15.9M | 17.6M | 20.3M | 21.4M | 22.1M | 24.6M | 26.2M | 17.4M | 6.4M |
| Operating income | -11M | -12.2M | -14.2M | -15.9M | -17.6M | -20.3M | -21.4M | -22.1M | -24.6M | -26.2M | -17.4M | -6.4M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | — | -6K | 4K | -77K | -1K | -1K | 1K | 0 | -3K | -6K | -10K | 0 |
| Pretax income | -10.9M | -12M | -13.6M | -15M | -16.5M | -19M | -19.6M | -20.4M | -23.2M | -24.8M | -16.2M | -5.4M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — |
| Net income | -10.9M | -12M | -13.6M | -15M | -16.5M | -19M | -19.6M | -20.4M | -23.2M | -24.8M | -16.2M | -5.4M |
| Net margin | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -11M | -12.2M | -14.1M | -15.8M | -17.6M | -20.3M | -21.3M | -22M | -24.6M | -26.1M | -17.2M | -6.4M |
| EPS | -0.45 | -0.49 | -0.56 | — | -0.67 | -0.76 | -0.71 | — | -0.83 | -0.86 | -0.56 | — |
| Diluted EPS | -0.45 | -0.49 | -0.56 | — | -0.67 | -0.76 | -0.71 | — | -0.83 | -0.86 | -0.56 | — |
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 | Current |
|---|---|---|---|---|---|---|---|
| Market cap | — | — | — | — | 20.9B | — | 415.9M |
| Enterprise value | — | — | — | — | 20.7B | — | 382.6M |
| Shares outstanding | 2.4M | 243.1K | 12.3M | 24.5M | 26.3M | — | — |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | Current |
|---|---|---|---|---|---|---|---|
| P/B | — | — | — | — | 190.5 | — | — |
| EV/EBITDA | — | — | — | — | -255 | — | -5.15 |
| FCF yield | — | — | — | — | -0.27% | — | -16.7% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | Current |
|---|---|---|---|---|---|---|---|
| ROE | 91.4% | 72% | -13.3% | -40.6% | -69% | -91.1% | -91.1% |
| ROA | -94.8% | -203.8% | -13.1% | -38.1% | -59.3% | -86.7% | -86.7% |
| ROIC | — | 49.6% | -409.9% | 3.8K% | 661.4% | 4.2K% | 4.2K% |
| Return on tangible assets | -94.8% | -203.8% | -13.1% | -38.1% | -59.3% | -86.7% | -86.7% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | Current |
|---|---|---|---|---|---|---|---|
| Current ratio | 5.35 | 2.64 | 68.4 | 16.9 | 7.04 | 20.9 | 20.9 |
| Quick ratio | 5.35 | 2.64 | 68.4 | 16.9 | 7.04 | 20.9 | 20.9 |
| Debt / equity | -0.69 | 0 | 0 | 0.01 | 0.01 | 0.01 | 0 |
| Debt / assets | 0.71 | 0 | 0 | 0.01 | 0.01 | 0.01 | 0.01 |
| Net debt / EBITDA | 0.3 | 0.51 | 7.25 | 2.41 | 1.5 | 1.05 | 1.05 |
| Interest coverage | — | -118.5 | — | — | — | — | — |
| Effective tax rate | — | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | Current |
|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 0 | 0 | 0 | — | — |
| EPS (basic) | -1.4 | -40.2 | -1.87 | -2.1 | -2.87 | — | — |
| EPS (diluted) | -1.4 | -40.2 | -1.87 | -2.1 | -2.87 | — | — |
| Book value per share | -1.53 | -54.9 | 14 | 5.18 | 4.16 | — | — |
| FCF per share | -1.17 | -32.3 | -2.24 | -1.61 | -2.16 | — | -2.4 |
| Cash per share | 1.48 | 18.8 | 13.6 | 5.28 | 4.65 | — | — |
| Capex per share | — | 0 | 0.01 | 0.01 | 0.01 | — | — |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | Current |
|---|---|---|---|---|---|---|---|
| Capex / operating cash flow | — | 0% | -0.88% | -0.42% | -0.22% | 0% | 0% |
Split-adjusted payout per share by ex-dividend date.
| Ex-dividend | Amount |
|---|---|
| Apr 29, 2025 | $2.40 |
| Date | Ratio |
|---|---|
| Apr 29, 2025 | 1:35 |
| — |
| FY19 | — | -$1.4 | — | — | $0 | — |
| Q4 23 |
|---|
| Q1 24 |
|---|
| Q2 24 |
|---|
| Q3 24 |
|---|
| Q4 24 |
|---|
| 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% | 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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 |
|---|---|---|---|---|---|---|
| Cash & short-term investments | 3.5M | 4.6M | 167.4M | 129.2M | 122.4M | 78.6M |
| Receivables | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — |
| Total current assets | 3.5M | 4.7M | 174.3M | 131.5M | 124.2M | 80.1M |
| Property, plant & equipment | 0 | 78K | 728K | 1.2M | 902K | 215K |
| Goodwill & intangibles | — | — | — | — | — | — |
| Total assets | 3.5M | 4.7M | 175.4M | 135.3M | 127.4M | 80.3M |
| Accounts payable | 542K | 618K | 1.2M | 2.6M | 2.4M | 224K |
| Short-term debt | — | — | 192K | 385K | 420K | 417K |
| Total current liabilities | 657K | 1.8M | 2.5M | 7.8M | 17.6M | 3.8M |
| Long-term debt | 2.5M | 0 | 382K | 705K | 255K | 0 |
| Total liabilities | 7.2M | 18.1M | 2.9M | 8.6M | 18M | 3.9M |
| Shareholders' equity | -3.6M | -13.3M | 172.4M | 126.7M | 109.5M | 76.4M |
| Total debt | 2.5M | 0 | 574K | 1.1M | 675K | 417K |
| Net debt | -1M | -4.6M | -53.6M | -21.3M | -22.8M | -33.3M |
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 | Q1 22 | Q2 22 | Q3 22 | Q4 22 | Q1 23 | Q2 23 | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 161.1M | 152M | 142.6M | 129.2M | 118.9M | 150.1M | 135.2M | 122.4M | 99.3M | 104.2M | 88.7M | 78.6M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 165.9M | 153.4M | 145.2M | 131.5M | 120.6M | 152.5M | 137.6M | 124.2M | 103.2M | 110.8M | 90.6M | 80.1M |
| Property, plant & equipment | 787K | 1.5M | 1.4M | 1.2M | 1.2M | 1.1M | 1M | 902K | 985K | 853K | 273K | 215K |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 167M | 155.7M | 147.7M | 135.3M | 124.4M | 155.8M | 140.9M | 127.4M | 106.8M | 111.7M | 91M | 80.3M |
| Accounts payable | 2.9M | 2.1M | 4.5M | 2.6M | 4.7M | 5.5M | 3.5M | 2.4M | 3.3M | 4.2M | 908K | 224K |
| Short-term debt | 193K | 347K | 379K | 385K | 373K | 379K | 451K | 420K | 445K | 475K | 459K | 417K |
| Total current liabilities | 4.7M | 3.8M | 7.7M | 7.8M | 10.6M | 13.3M | 14.7M | 17.6M | 15.5M | 17M | 10.3M | 3.8M |
| Long-term debt | 335K | 862K | 800K | 705K | 591K | 476K | 358K | 255K | 329K | 206K | 81K | 0 |
| Total liabilities | 5.1M | 4.6M | 8.5M | 8.6M | 11.3M | 13.8M | 15.2M | 18M | 15.9M | 17.3M | 10.5M | 3.9M |
| Shareholders' equity | 161.9M | 151.1M | 139.1M | 126.7M | 113.1M | 141.9M | 125.7M | 109.5M | 90.9M | 94.4M | 80.5M | 76.4M |
| Total debt | 528K | 1.2M | 1.2M | 1.1M | 964K | 855K | 809K | 675K | 774K | 681K | 540K | 417K |
| Net debt | -27.6M | -26.2M | -21.2M | -21.3M | -25.6M | -60M | -31.4M | -22.8M | -8.3M | -30.4M | -30.6M | -33.3M |
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 |
|---|---|---|---|---|---|---|
| Net income | -3.3M | -9.6M | -23M | -51.5M | -75.5M | -69.6M |
| Depreciation & amortization | 0 | 1K | 15K | 68K | 96K | 282K |
| Stock-based compensation | 0 | 58K | 2M | 5.5M | 11.9M | 11.3M |
| Change in working capital | 436K | 37K | 351K | -594K | -684K | -1.6M |
| Operating cash flow | -2.9M | -8.8M | -20.6M | -46.6M | -64.2M | -59.6M |
| Capital expenditure | — | 0 | -181K | -195K | -142K | 0 |
| Investing cash flow | — | 0 | -113.4M | 6.9M | 11.9M | 56M |
| Dividends paid | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — |
| Financing cash flow | 2.5M | 8.9M | 190.5M | -371K | 44.7M | 23.6M |
| Net change in cash | -394K | 117K | 56.5M | -40M | -7.7M | 20.1M |
| Free cash flow | -2.8M | -7.9M | -27.6M | -39.3M | -56.9M | -71.2M |
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 | Q1 22 | Q2 22 | Q3 22 | Q4 22 | Q1 23 | Q2 23 | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -10.9M | -12M | -13.6M | -15M | -16.5M | -19M | -19.6M | -20.4M | -23.2M | -24.8M | -16.2M | -5.4M |
| Depreciation & amortization | 11K | 17K | 20K | 20K | 21K | 22K | 25K | 28K | 28K | 28K | 218K | 8K |
| Stock-based compensation | 1M | 1.2M | 1.5M | 1.7M | 2.4M | 3M | 3.2M | 3.3M | 4.2M | 3.9M | 2M | 1.2M |
| Change in working capital | 1.6M | -1.1M | 2.3M | -3.2M | 2M | 561K | -1.9M | -1.4M | 1.2M | 3.2M | -4.6M | -1.4M |
| Operating cash flow | -8.3M | -11.9M | -9.8M | -16.5M | -12.1M | -15.4M | -18.2M | -18.5M | -17.7M | -17.7M | -18.6M | -5.6M |
| Capital expenditure | -28K | -130K | -33K | -4K | -16K | -30K | -32K | -64K | 0 | 0 | 0 | 0 |
| Investing cash flow | -20.4M | 8.2M | 4.6M | 14.5M | 15.4M | 4M | -13.1M | 5.6M | 8.8M | 18M | 16.1M | 13.1M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 0 | 0 | 0 | -236K | — | — | -75K | 0 | -233K | -74K | 0 | 307K |
| Net change in cash | -28.7M | -3.7M | -5.1M | -2.2M | 3.3M | -11.4M | -31.4M | -12.9M | -9.1M | 232K | -2.5M | 7.8M |
| Free cash flow | -5.7M | -9M | -9.8M | -14.9M | -11.4M | -15M | -15.6M | -14.9M | -23.7M | -20.4M | -16M | -11M |