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 % |
|---|---|---|---|---|---|---|
| Q3 26 | -$0.08 | $0.08 | +200.0% | — | $0 | — |
| Q1 26 | -$0.11 | -$0.06 | +45.5% | — | $0 | — |
| Q4 25 | -$0.15 | -$0.11 | +26.7% | — | $0 | — |
| Q3 25 | -$0.14 | -$0.16 | -14.3% | — | $0 | — |
| Q2 25 | -$0.15 | -$0.13 | +13.3% | — | $0 | — |
| Q1 25 | -$0.17 | -$0.14 | +17.6% | — | $0 | — |
| Q4 24 | -$0.17 | -$0.14 | +17.6% | — | $0 | — |
| Q3 24 | -$0.18 | -$0.14 | +22.2% | — | $0 | — |
| Q2 24 | -$0.13 | -$0.13 | 0.0% | — | $0 | — |
| Q1 24 | -$0.15 | -$0.11 | +26.7% | — | $0 | — |
| Q4 23 | -$0.15 | -$0.12 | +20.0% | — | $0 | — |
| Q3 23 | -$0.17 | -$0.14 | +17.6% | — | $0 | — |
| Q2 23 | -$0.19 | -$0.17 | +10.5% | — | $0 | — |
| Q1 23 | -$0.19 | -$0.17 | +10.5% | — | $0 | — |
| Q4 22 | -$0.16 | -$0.18 | -12.5% | — | $0 | — |
| Q3 22 | -$0.16 | -$0.16 | 0.0% | — | $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 % |
|---|---|---|---|---|---|---|
| FY25 | — | -$0.54 | — | — | $0 | — |
| FY24 | — | -$0.52 | — | — | $0 | — |
| FY23 | — | -$0.6 | — | — | $0 | — |
| FY22 | — | -$0.62 | — | — | $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 | $0 |
| YoY change | 0% | 0% | 0% | 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 | 0 |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — |
| Research & development | 7.3M | 10.7M | 13.3M | 22.3M | 25.2M | 33M | 37.9M | 43.7M | 41.8M | 37.6M |
| Selling, general & administrative | 8.3M | 5M | 6M | 6.8M | 5.9M | 9M | 13.1M | 12M | 11M | 13.8M |
| Operating expenses | 15.4M | 15.5M | 19.2M | 28.8M | 30.9M | 41.9M | 51M | 55.7M | 52.8M | 51.4M |
| Operating income | -15.4M | -15.5M | -19.2M | -28.8M | -30.9M | -41.9M | -51M | -55.7M | -52.8M | -51.4M |
| Operating margin | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | 735.3K | 2.1M | 1.8M | 2.5M | 4.5M | 4.3M | 2.4M | 2.7M | 2.5M | 316K |
| Pretax income | -14.7M | -13.4M | -17.2M | -26.2M | -26.3M | -37.6M | -47.6M | -47.5M | -43M | -46.4M |
| Income tax | 29.6K | 59.6K | 72.7K | 82.2K | 22.7K | 268K | 358K | 7K | 0 | — |
| Net income | -14.7M | -13.5M | -17.3M | -26.3M | -26.3M | -37.9M | -48M | -47.5M | -43M | -46.4M |
| Net margin | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -15.6M | -15.6M | -19.1M | -28.9M | -31.1M | -37.4M | -46.7M | -46.5M | -43.2M | -46M |
| EPS | -0.42 | -0.33 | -0.39 | -0.54 | -0.45 | -0.54 | -0.62 | -0.6 | -0.52 | -0.54 |
| Diluted EPS | -0.42 | -0.33 | -0.39 | -0.54 | -0.45 | -0.54 | -0.62 | -0.6 | -0.52 | -0.54 |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 | Q3 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Research & development | 10.1M | 8.7M | 9.7M | 11.9M | 11.6M | 10.4M | 9.9M | 10M | 7.3M | 4.7M | 4.2M | -4.7M |
| Selling, general & administrative | 2.6M | 2.6M | 2.8M | 2.9M | 2.8M | 3.1M | 2.6M | 4.5M | 3.5M | 2.1M | 2.3M | -2M |
| Operating expenses | 12.7M | 11.3M | 12M | 14.7M | 15.9M | 13.6M | 12.4M | 14.3M | 11.5M | 6.8M | 6.5M | -6.8M |
| Operating income | -12.7M | -11.3M | -12M | -14.7M | -15.9M | -13.6M | -12.4M | -14.3M | -11.5M | -6.8M | -6.5M | 6.8M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | 483.6K | 748K | -150K | 652K | 2.3M | 75K | 11K | -11K | 653K | 40K | 58K | -19K |
| Pretax income | -10.2M | -8.5M | -10.4M | -12.3M | -11.7M | -12.1M | -11.2M | -13.2M | -9.8M | -5.7M | -5.3M | 7.8M |
| Income tax | -64K | 85K | 105K | -67K | -124K | — | — | — | — | 18K | 0 | 0 |
| Net income | -10.1M | -8.6M | -10.5M | -12.2M | -11.6M | -12.1M | -11.2M | -13.2M | -9.8M | -5.7M | -5.3M | 7.8M |
| Net margin | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -10M | -11.4M | -10.3M | -12.3M | -11.9M | -13.2M | -12.4M | -14.3M | -6.5M | -6.8M | -6.5M | 6.8M |
| EPS | — | -0.11 | -0.13 | -0.14 | — | -0.14 | -0.13 | -0.16 | -0.11 | -0.06 | -0.06 | 0.08 |
| Diluted EPS | — | -0.11 | -0.13 | -0.14 | — | -0.14 | -0.13 | -0.16 | -0.11 | -0.06 | -0.06 | 0.08 |
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 | — | — | 121.9M | 154.5M | — | — | — | 522.6M | 474.1M | 759.1M | 217.8M |
| Enterprise value | — | — | 99M | 132.4M | — | — | — | 371.6M | 341.9M | 656.5M | 102.3M |
| Shares outstanding | 35.2M | 40.8M | 44.7M | 48.9M | 58.2M | 69.8M | 76.9M | 79.8M | 83.5M | 85.3M | 85.3M |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | — | — | — | -4.36 |
| P/B | — | — | 5.46 | 7.62 | — | — | — | 3.68 | 3.94 | 8 | 1.95 |
| EV/EBITDA | — | — | -5.17 | -4.58 | — | — | — | -7.99 | -7.92 | -14.3 | -2.22 |
| Earnings yield | — | — | — | — | — | — | — | — | — | — | -22.9% |
| FCF yield | — | — | -10.3% | -12% | — | — | — | -5.32% | -6.5% | -5.14% | -12.4% |
| PEG | — | — | — | — | — | — | — | — | — | — | 0.03 |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | — | — | — | — | — | 0% |
| Net margin | — | — | — | — | — | — | — | — | — | — | 0% |
| ROE | -233.6% | -55.5% | -77.3% | -129.6% | -96.5% | -25.1% | -33.7% | -33.5% | -35.8% | -48.9% | -12.8% |
| ROA | -155.1% | -48.4% | -65.8% | -103.8% | -76.1% | -23.5% | -31.4% | -30.8% | -31.7% | -44.7% | -9.7% |
| ROIC | 536.6% | 487.7% | 3.2K% | 1.5K% | 1.5K% | 3.3K% | 764.8% | 607.6% | 442.8% | — | — |
| Return on tangible assets | -155.1% | -48.4% | -65.8% | -103.8% | -76.1% | -23.5% | -31.4% | -30.8% | -31.7% | -44.7% | -10.8% |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 2.96 | 7.75 | 6.71 | 5.03 | 4.73 | 15 | 15 | 12.3 | 8.86 | 11.6 | 15.6 |
| Quick ratio | 2.96 | 7.75 | 6.71 | 5.03 | 4.73 | 15 | 15 | 12.3 | 8.86 | 11.6 | 15.6 |
| Debt / equity | — | — | — | — | — | — | — | — | — | — | 0 |
| Interest coverage | — | — | — | — | — | — | — | -48.3 | — | — | — |
| 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 | 0 |
| EPS (basic) | -0.42 | -0.33 | -0.39 | -0.54 | -0.45 | -0.54 | -0.62 | -0.6 | -0.52 | -0.54 | -0.54 |
| EPS (diluted) | -0.42 | -0.33 | -0.39 | -0.54 | -0.45 | -0.54 | -0.62 | -0.6 | -0.52 | -0.54 | -0.14 |
| Book value per share | 0.18 | 0.59 | 0.5 | 0.41 | 0.47 | 2.16 | 1.85 | 1.78 | 1.44 | 1.11 | 1.21 |
| FCF per share | -0.26 | -0.22 | -0.28 | -0.38 | -0.37 | -0.44 | -0.32 | -0.35 | -0.37 | -0.46 | -0.32 |
| Cash per share | 0.26 | 0.67 | 0.51 | 0.45 | 0.5 | 2.18 | 1.94 | 1.89 | 1.58 | 1.2 | 1.28 |
| Capex per share | 0 | — | — | — | — | — | — | — | — | — | — |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Capex / operating cash flow | 0% | — | — | — | — | — | — | — | — | — | — |
| Payout ratio | — | — | — | — | — | — | — | — | — | — | 0% |
| FY21 | — | -$0.54 | — | — | $0 | — |
| FY20 | — | -$0.45 | — | — | $0 | — |
| FY19 | — | -$0.54 | — | — | $0 | — |
| FY18 | — | -$0.39 | — | — | $0 | — |
| FY17 | — | -$0.33 | — | — | $0 | — |
| FY16 | — | -$0.42 | — | — | $0 | — |
| Period | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 | Q3 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% | 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 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 9.2M | 27.4M | 22.9M | 22.2M | 29.2M | 152.1M | 149.2M | 151M | 132.2M | 102.6M |
| Receivables | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 9.4M | 27.8M | 26.1M | 25.3M | 34.5M | 161.6M | 152.7M | 154.4M | 135.6M | 103.8M |
| Property, plant & equipment | 0 | — | — | — | — | — | — | — | — | — |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — |
| Total assets | 9.5M | 27.8M | 26.2M | 25.3M | 34.5M | 161.6M | 152.7M | 154.4M | 135.6M | 103.8M |
| Accounts payable | — | — | 3M | 3.5M | 4M | 4.7M | 3.8M | 4.3M | 9.6M | 4.2M |
| Short-term debt | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | 3.2M | 3.6M | 3.9M | 5M | 7.3M | 10.8M | 10.2M | 12.5M | 15.3M | 8.9M |
| Long-term debt | — | — | — | — | — | — | — | — | — | — |
| Total liabilities | 3.2M | 3.6M | 3.9M | 5M | 7.3M | 10.8M | 10.2M | 12.5M | 15.3M | 8.9M |
| Shareholders' equity | 6.3M | 24.3M | 22.3M | 20.3M | 27.2M | 150.8M | 142.5M | 141.9M | 120.3M | 94.9M |
| Total debt | — | — | — | — | — | — | — | — | — | — |
| Net debt | — | — | — | — | — | — | — | — | — | — |
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 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 | Q3 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 151M | 143.8M | 139.4M | 138.8M | 132.2M | 120.8M | 115.8M | 101.2M | 102.6M | 131.7M | 127.4M | 118.3M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 154.4M | 148.1M | 144.5M | 141.5M | 135.6M | 124M | 117.1M | 102.4M | 103.8M | 133M | 128.8M | 120.1M |
| Property, plant & equipment | — | — | — | — | — | — | — | — | — | — | — | — |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 154.4M | 148.1M | 144.5M | 141.5M | 135.6M | 124M | 117.1M | 102.4M | 103.8M | 133M | 128.8M | 120.1M |
| Accounts payable | 4.3M | 4.3M | 3.7M | 3.5M | 9.6M | 4.6M | 7M | 6.7M | 4.2M | 2.6M | 2.5M | 3.7M |
| Short-term debt | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | 12.5M | 12.5M | 9.6M | 11.8M | 15.3M | 13.1M | 17.4M | 11.5M | 8.9M | 6.4M | 7.1M | 7.7M |
| Long-term debt | — | — | — | — | — | — | — | — | — | — | — | — |
| Total liabilities | 12.5M | 12.5M | 9.6M | 11.8M | 15.3M | 13.1M | 17.4M | 11.5M | 8.9M | 6.4M | 7.1M | 7.7M |
| Shareholders' equity | 141.9M | 135.6M | 135M | 129.8M | 120.3M | 110.9M | 99.8M | 91M | 94.9M | 126.6M | 121.7M | 112.4M |
| 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 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -14.7M | -13.5M | -17.3M | -26.3M | -26.3M | -37.9M | -48M | -47.5M | -43M | -46.4M |
| Depreciation & amortization | 1.3K | 0 | 0 | — | — | — | — | — | — | — |
| Stock-based compensation | 5.1M | 4.1M | 5.5M | 6.4M | 4.9M | 8.2M | 18.4M | 16.4M | 9.4M | 11.5M |
| Change in working capital | -3.6K | -16.1K | -192.9K | -88.6K | -1.7M | -3.1M | 5M | 1.5M | 5.5M | -3.8M |
| Operating cash flow | -9.8M | -9.4M | -11.9M | -19.9M | -23.1M | -32.8M | -24.6M | -28.8M | -28.1M | -39M |
| Capital expenditure | 0 | — | — | — | — | — | — | — | — | — |
| Investing cash flow | 0 | — | — | — | — | — | — | — | — | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 3.1M | 27.3M | 8.1M | 17.8M | 28.4M | 147.7M | 20.3M | 27.9M | 11.3M | 9.2M |
| Net change in cash | -6.7M | 17.9M | -3.9M | -2.1M | 5.2M | 114.9M | -4.3M | -961K | -16.8M | -29.8M |
| Free cash flow | -9.2M | -9M | -12.6M | -18.5M | -21.3M | -30.4M | -24.2M | -27.8M | -30.8M | -39M |
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 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 | Q3 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -10.1M | -8.6M | -10.5M | -12.2M | -11.6M | -12.1M | -11.2M | -13.2M | -9.8M | -5.7M | -5.3M | 7.8M |
| Depreciation & amortization | — | — | — | — | — | — | — | — | — | — | — | — |
| Stock-based compensation | 3.2M | 2.3M | 2.7M | 2.5M | 2M | 2.1M | 1.4M | 4.3M | 3.7M | 1.1M | 314K | -17.1M |
| Change in working capital | -374.5K | -870K | -802K | 1.9M | 5.3M | -5.2M | 2.1M | 1.8M | -2.5M | -1.6M | -207K | 1.1M |
| Operating cash flow | -7.3M | -7.2M | -8.7M | -7.8M | -4.3M | -15.2M | -5.9M | -12.5M | -8.6M | -7.2M | -4.4M | -9.1M |
| Capital expenditure | — | — | — | — | — | — | — | — | — | — | — | — |
| Investing cash flow | — | — | — | — | — | — | — | — | — | — | — | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 1.2M | — | — | 4.1M | 0 | — | 0 | 0 | 8.8M | 36.3M | 107K | 0 |
| Net change in cash | -6.1M | -7.2M | -8.7M | -3.7M | -4.3M | -15.2M | -5.9M | -12.5M | 149K | 29.2M | -4.3M | -9.1M |
| Free cash flow | -5.8M | -7.3M | -11.7M | -5.2M | -6.7M | -12.1M | -5.9M | -12.5M | -8.6M | -7.2M | -4.4M | -9.1M |