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 | -$0.36 | -$0.19 | +47.2% | — | — | — |
| Q1 26 | -$0.43 | -$0.13 | +69.8% | — | $0 | — |
| Q3 25 | -$0.37 | -$0.19 | +48.6% | — | $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 % |
|---|---|---|---|---|---|---|
| FY25 | — | -$1.11 | — | — | $0 | — |
| FY24 | — | -$2.31 | — | — | $0 | — |
| FY23 | — | -$6 | — | — | — | — |
| FY22 | — | -$9.9 | — | — | $0 | — |
| FY21 | — | -$10.2 | — | — | $0 | — |
| FY20 | — | -$16.1 | — | — | $0 | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | — | $0 | $0 |
| YoY change | — | 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 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 |
|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | — | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — |
| Research & development | 22.3M | 15.2M | 14M | — | 4.7M | 4.2M |
| Selling, general & administrative | 9.4M | 9.3M | 10.9M | — | 7M | 5.8M |
| Operating expenses | 31.7M | 24.5M | 24.8M | — | 11.7M | 10M |
| Operating income | -31.7M | -24.5M | -24.8M | — | -11.7M | -10M |
| Operating margin | — | — | — | — | — | — |
| Non-operating income, net | — | — | — | — | 147K | 179K |
| Pretax income | -31.8M | -24.5M | -24.3M | — | -11.6M | -10.3M |
| Income tax | — | — | — | — | — | — |
| Net income | -31.8M | -24.5M | -24.3M | — | -11.6M | -10.3M |
| Net margin | — | — | — | — | — | — |
| EBITDA | -31.5M | -24.3M | -24.5M | — | -11.6M | -9.9M |
| EPS | -16.1 | -10.2 | -9.9 | -6 | -2.31 | -1.11 |
| Diluted EPS | -16.1 | -10.2 | -9.9 | -6 | -2.31 | -1.11 |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 |
|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — |
| Research & development | 1.7M | 1.3M | 1.1M | 899K | 852K | 762K |
| Selling, general & administrative | 1.5M | 1.8M | 1.5M | 1.1M | 1.4M | 1.3M |
| Operating expenses | 3.2M | 3.1M | 2.6M | 2M | 2.2M | 2M |
| Operating income | -3.2M | -3.1M | -2.6M | -2M | -2.2M | -2M |
| Operating margin | — | — | — | — | — | — |
| Non-operating income, net | 282K | 179K | — | — | 0 | — |
| Pretax income | -3M | -2.9M | -2.9M | -2.1M | -2.4M | -2.1M |
| Income tax | — | — | — | — | — | — |
| Net income | -3M | -2.9M | -2.9M | -2.1M | -2.4M | -2.1M |
| Net margin | — | — | — | — | — | — |
| EBITDA | -3.4M | -3.2M | -2.5M | -2M | -2.2M | -2M |
| EPS | — | -0.45 | -0.34 | -0.19 | — | -0.19 |
| Diluted EPS | — | -0.45 | -0.34 | -0.19 | — | -0.19 |
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 | — | — | — | — | — | — | — | 11.9M |
| Enterprise value | — | — | — | — | — | — | — | 14.1M |
| Shares outstanding | — | 2M | 2.4M | 2.4M | 2.9M | 5M | 9.3M | 9.3M |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | -0.97 |
| P/B | — | — | — | — | — | — | — | -1.08 |
| EV/EBITDA | — | — | — | — | — | — | — | -1.61 |
| Earnings yield | — | — | — | — | — | — | — | -102.8% |
| FCF yield | — | — | — | — | — | — | — | -27.9% |
| PEG | — | — | — | — | — | — | — | 0.02 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | — | — | 0% |
| Net margin | — | — | — | — | — | — | — | 0% |
| ROE | — | -89.7% | -126.4% | 805.2% | — | 149.7% | 103.2% | 103.2% |
| ROA | — | -62.1% | -83.5% | -287.3% | — | -634.4% | -1K% | -257.5% |
| Return on tangible assets | — | -62.1% | -83.5% | -287.3% | — | -634.4% | -1K% | -1.3K% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Current ratio | — | 3.85 | 3.69 | 0.35 | — | 0.04 | 0.03 | 0.02 |
| Quick ratio | — | 3.85 | 3.69 | 0.35 | — | 0.04 | 0.03 | 0.02 |
| Debt / equity | — | 0.2 | 0.26 | -1.36 | — | -0.09 | -0.02 | -0 |
| Debt / assets | — | 0.14 | 0.17 | 0.48 | — | 0.39 | 0.2 | 1.97 |
| Net debt / EBITDA | — | 1.1 | 0.7 | -0.05 | — | -0.05 | -0.02 | -0.17 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Revenue per share | — | 0 | 0 | 0 | — | 0 | 0 | 0 |
| EPS (basic) | — | -16.1 | -10.2 | -9.9 | -6 | -2.31 | -1.11 | -1.11 |
| EPS (diluted) | — | -16.1 | -10.2 | -9.9 | -6 | -2.31 | -1.11 | -0.85 |
| Book value per share | — | 17.8 | 8.02 | -1.24 | — | -1.55 | -1.08 | -1 |
| FCF per share | — | -17.9 | -11 | -7.95 | — | -1.81 | -0.75 | -0.6 |
| Cash per share | — | 21.1 | 9.16 | 1.23 | — | 0.04 | 0 | 0 |
| Capex per share | — | 0.19 | 0.14 | 0.01 | — | 0 | 0 | 0 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Capex / operating cash flow | — | -1.04% | -1.36% | -0.15% | — | -0.13% | 0% | 0% |
| Payout ratio | — | — | — | — | — | — | — | 0% |
| $0 |
| $0 |
| $0 |
| YoY change | — | — | — | — | 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 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Cash & short-term investments | 569K | 41.9M | 22.1M | 3M | 187K | 29K |
| Receivables | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — |
| Total current assets | 3.4M | 43.2M | 23.3M | 3.1M | 385K | 307K |
| Property, plant & equipment | 3.1M | 8M | 6M | 5.3M | 1.2M | 443K |
| Goodwill & intangibles | — | — | — | — | — | — |
| Total assets | 6.5M | 51.3M | 29.3M | 8.5M | 1.8M | 1M |
| Accounts payable | 15.4M | 7.3M | 4.8M | 6.2M | 6.1M | 7.1M |
| Short-term debt | 1.3M | 2.7M | 1.5M | 1.4M | 549K | 208K |
| Total current liabilities | 17.7M | 11.2M | 6.3M | 8.8M | 9M | 11M |
| Long-term debt | 1.1M | 4.6M | 3.6M | 2.7M | 171K | 0 |
| Total liabilities | 18.8M | 15.8M | 9.9M | 11.5M | 9.6M | 11M |
| Shareholders' equity | -12.2M | 35.5M | 19.3M | -3M | -7.8M | -10M |
| Total debt | 2.4M | 7.2M | 5.1M | 4.1M | 720K | 208K |
| Net debt | 1.8M | -30.6M | -13.8M | 3.3M | 533K | 179K |
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 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 |
|---|---|---|---|---|---|---|
| Cash & short-term investments | 187K | 1.6M | 824K | 5K | 29K | 15K |
| Receivables | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — |
| Total current assets | 385K | 2.3M | 1.5M | 508K | 307K | 184K |
| Property, plant & equipment | 1.2M | 1M | 826K | 617K | 443K | 355K |
| Goodwill & intangibles | — | — | — | — | — | — |
| Total assets | 1.8M | 3.6M | 2.6M | 1.4M | 1M | 755K |
| Accounts payable | 6.1M | 6.8M | 6M | 6.4M | 7.1M | 7.3M |
| Short-term debt | 549K | 1.6M | 482K | 377K | 208K | 1.5M |
| Total current liabilities | 9M | 10.9M | 8.5M | 9M | 11M | 11.8M |
| Long-term debt | 171K | 127K | 95K | 50K | 0 | — |
| Total liabilities | 9.6M | 11M | 8.6M | 9.1M | 11M | 11.8M |
| Shareholders' equity | -7.8M | -7.5M | -6.1M | -7.7M | -10M | -11M |
| Total debt | 720K | 1.8M | 577K | 427K | 208K | 1.5M |
| Net debt | 533K | 126K | -247K | 422K | 179K | 1.5M |
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 | FY19 | FY20 | FY21 | FY22 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Net income | -23.3M | -31.8M | -24.5M | -24.3M | -11.6M | -10.3M |
| Depreciation & amortization | 164K | 219K | 260K | 285K | 240K | 199K |
| Stock-based compensation | 764K | 2.6M | 1.4M | 1.7M | 750K | 1.5M |
| Change in working capital | 11M | -7.6M | -1.4M | 3M | 1.2M | 1.1M |
| Operating cash flow | -11.3M | -36.5M | -24.3M | -19.3M | -9.5M | -7.5M |
| Capital expenditure | -473K | -378K | -330K | -29K | 12K | 0 |
| Investing cash flow | -473K | -378K | -330K | -29K | 12K | 0 |
| Dividends paid | — | — | — | — | — | — |
| Share repurchases | 0 | -116K | 0 | — | — | — |
| Financing cash flow | 2.1M | 60.6M | 7M | 238K | 8M | 5.4M |
| Net change in cash | -9.7M | 23.8M | -17.6M | -19.1M | -1.5M | -2.1M |
| Free cash flow | -11.7M | -35.6M | -26.6M | -19.3M | -9.1M | -7M |
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 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 |
|---|---|---|---|---|---|---|
| Net income | -3M | -2.9M | -2.9M | -2.1M | -2.4M | -2.1M |
| Depreciation & amortization | 53K | 52K | 51K | 48K | 48K | 37K |
| Stock-based compensation | 208K | 717K | 503K | 157K | 143K | 133K |
| Change in working capital | 1.5M | 231K | -741K | 622K | 655K | 555K |
| Operating cash flow | -1.2M | -1.9M | -3.1M | -1.3M | -1.6M | -1.3M |
| Capital expenditure | — | — | — | — | — | — |
| Investing cash flow | — | — | — | — | — | — |
| Dividends paid | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — |
| Financing cash flow | 1.1M | 1.6M | 1.6M | 313K | 780K | 1.3M |
| Net change in cash | -146K | -279K | -1.5M | -966K | -808K | -70K |
| Free cash flow | -1M | -1.6M | -3.5M | -1.1M | -740K | -1.3M |