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 | -$0.09 | -$0.1 | -11.1% | — | $0 | — |
| Q1 26 | -$0.13 | -$0.12 | +7.7% | — | $0 | — |
| Q4 25 | -$0.14 | -$0.14 | 0.0% | — | $0 | — |
| Q3 25 | -$0.15 | -$0.15 | 0.0% | — | $0 | — |
| Q2 25 | -$0.16 | -$0.15 | +6.3% | — | $0 | — |
| Q1 25 | -$0.15 | -$0.18 | -20.0% | — | $0 | — |
| Q4 24 | -$0.19 | -$0.18 | +5.3% | — | $0 | — |
| Q3 24 | -$0.17 | -$0.19 | -11.8% | — | $0 | — |
| Q2 24 | -$0.16 | -$0.19 | -18.8% | — | $0 | — |
| Q1 24 | -$0.15 | -$0.17 | -13.3% | — | $0 | — |
| Q4 23 | -$0.14 | -$0.13 | +7.1% | — | $0 | — |
| Q3 23 | -$0.13 | -$0.13 | 0.0% | — | $0 | — |
| Q2 23 | -$0.23 | -$0.16 | +30.4% | — | $0 | — |
| Q1 23 | -$0.31 | -$0.5 | -61.3% | — | $0 | — |
| Q4 22 | -$0.37 | -$0.45 | -21.6% | — | $0 | — |
| Q3 22 | -$0.32 | -$0.44 | -37.5% | — | $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 | — | -$0.62 | — | — | $0 | — |
| FY24 | — | -$0.73 | — | — | $0 | — |
| FY23 | — | -$0.72 | — | — | $0 | — |
| FY22 | — | -$1.59 | — | — | $0 | — |
| FY21 | — | -$1.03 |
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 | FY25 |
|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| YoY change | — | 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.
| Period | Q3 23 | Q4 23 | Q1 24 | Q2 24 |
|---|
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 | FY25 |
|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — |
| Research & development | 41K | 133K | 255K | 5.7M | 6.8M | 11.1M | 13.4M |
| Selling, general & administrative | 253K | 655K | 2M | 7.4M | 8.5M | 8.8M | 7.7M |
| Operating expenses | 294K | 788K | 2.3M | 13M | 15.3M | 19.9M | 21.1M |
| Operating income | -294K | -788K | -2.3M | -13M | -15.3M | -19.9M | -21.1M |
| Operating margin | — | — | — | — | — | — | — |
| Non-operating income, net | — | — | 22K | 3K | — | -7K | 2K |
| Pretax income | -536K | -1.1M | -4.4M | -13M | -14.6M | -19.4M | -21M |
| Income tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income | -536K | -1.1M | -4.4M | -13M | -14.6M | -19.4M | -21M |
| Net margin | — | — | — | — | — | — | — |
| EBITDA | -294K | -788K | -2.3M | -13M | -15.3M | -19.9M | -21.1M |
| EPS | -0.07 | -0.14 | -1.03 | -1.59 | -0.72 | -0.73 | -0.62 |
| Diluted EPS | -0.07 | -0.14 | -1.03 | -1.59 | -0.72 | -0.73 | -0.62 |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | Q3 23 | Q4 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 | 1.6M | 2M | 2.4M | 2.8M | 2.9M | 2.9M | 3.5M | 3.3M | 3.3M | 3.4M | 2.4M | 2.3M |
| Selling, general & administrative | 2.1M | 2.1M | 2.4M | 2.2M | 2.2M | 2.1M | 2M | 1.7M | 2M | 2M | 2.3M | 2.8M |
| Operating expenses | 3.7M | 4.1M | 4.8M | 5.1M | 5.1M | 4.9M | 5.5M | 5M | 5.3M | 5.3M | 4.7M | 5.1M |
| Operating income | -3.7M | -4.1M | -4.8M | -5.1M | -5.1M | -4.9M | -5.5M | -5M | -5.3M | -5.3M | -4.7M | -5.1M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | — | — | — | — | -6K | -1K | — | — | -1K | 3K | — | — |
| Pretax income | -3.5M | -3.9M | -4.6M | -5M | -5M | -4.9M | -5.5M | -5M | -5.3M | -5.3M | -4.7M | -5M |
| Income tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income | -3.5M | -3.9M | -4.6M | -5M | -5M | -4.9M | -5.5M | -5M | -5.3M | -5.3M | -4.7M | -5M |
| Net margin | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -3.7M | -4.1M | -4.8M | -5.1M | -5.1M | -4.9M | -5.5M | -5M | -5.3M | -5.3M | -4.7M | -5M |
| EPS | -0.13 | — | -0.17 | -0.19 | -0.19 | — | -0.18 | -0.15 | -0.15 | — | -0.12 | -0.1 |
| Diluted EPS | -0.13 | — | -0.17 | -0.19 | -0.19 | — | -0.18 | -0.15 | -0.15 | — | -0.12 | -0.1 |
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 | 359.1M | 556.5M | — | — | — | — | — | 21M |
| Enterprise value | 362.5M | 560.7M | — | — | — | — | — | 11.6M |
| Shares outstanding | 7.8M | 7.7M | 4.3M | 8.2M | 20.3M | 26.6M | 33.7M | 33.7M |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | -0.61 |
| P/B | -96.3 | -116.3 | — | — | — | — | — | 2.5 |
| EV/EBITDA | -1.2K | -711.6 | — | — | — | — | — | -0.57 |
| Earnings yield | — | — | — | — | — | — | — | -163.5% |
| FCF yield | -0.06% | -0.11% | — | — | — | — | — | -31.2% |
| PEG | — | — | — | — | — | — | — | 0.02 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | — | — | 0% |
| Net margin | — | — | — | — | — | — | — | 0% |
| ROE | 14.4% | 22.3% | -33% | -546% | -91.9% | -1.2K% | -807.3% | -328.4% |
| ROA | -7.7K% | -2.1K% | -31.6% | -320.9% | -85.5% | -593.7% | -359.7% | -153.5% |
| ROIC | 94.8% | 153.3% | -1K% | 1.1K% | 6.1K% | 2.8K% | 1.2K% | 3.7K% |
| Return on tangible assets | -7.7K% | -2.1K% | -31.6% | -320.9% | -85.5% | -593.7% | -359.7% | -190.8% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Current ratio | 0.02 | 0.01 | 23.8 | 2.43 | 14.1 | 1.71 | 1.45 | 3.66 |
| Quick ratio | 0.02 | 0.01 | 23.8 | 2.43 | 14.1 | 1.71 | 1.41 | 3.61 |
| Debt / equity | -0.92 | -0.9 | — | — | — | — | — | 0 |
| Debt / assets | 488.9 | 84.2 | — | — | — | — | — | — |
| Net debt / EBITDA | -11.6 | -5.42 | — | — | — | — | — | 0.43 |
| Interest coverage | -1.21 | -2.81 | -1.06 | — | — | — | — | — |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (basic) | -0.07 | -0.14 | -1.03 | -1.59 | -0.72 | -0.73 | -0.62 | -0.62 |
| EPS (diluted) | -0.07 | -0.14 | -1.03 | -1.59 | -0.72 | -0.73 | -0.62 | -0.51 |
| Book value per share | -0.48 | -0.62 | 3.13 | 0.29 | 0.78 | 0.06 | 0.08 | 0.14 |
| FCF per share | -0.03 | -0.08 | -0.75 | -1.22 | -0.61 | -0.55 | -0.43 | -0.27 |
| Cash per share | 0 | 0 | 3.08 | 0.44 | 0.8 | 0.09 | 0.13 | 0.15 |
| Capex per share | — | — | — | 0 | 0.01 | 0.01 | — | — |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Capex / operating cash flow | — | — | — | 0% | -2.15% | -1.37% | — | — |
| Payout ratio | — | — | — | — | — | — | — | 0% |
| — |
| — |
| $0 |
| — |
| FY20 | — | -$0.14 | — | — | $0 | — |
| FY19 | — | -$0.07 | — | — | $0 | — |
| 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% | 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 | FY25 |
|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 5K | 24K | 13.2M | 3.6M | 16.2M | 2.4M | 4.4M |
| Receivables | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | 103K |
| Total current assets | 7K | 51K | 14M | 4M | 16.8M | 2.8M | 4.7M |
| Property, plant & equipment | — | — | — | — | — | — | — |
| Goodwill & intangibles | — | — | — | — | — | — | — |
| Total assets | 7K | 51K | 14M | 4M | 17.1M | 3.3M | 5.8M |
| Accounts payable | — | — | — | — | — | 531K | 1.1M |
| Short-term debt | 42K | 4.3M | — | — | — | — | — |
| Total current liabilities | 354K | 4.8M | 588K | 1.7M | 1.2M | 1.6M | 3.2M |
| Long-term debt | 3.4M | — | — | — | — | — | — |
| Total liabilities | 3.7M | 4.8M | 588K | 1.7M | 1.2M | 1.6M | 3.2M |
| Shareholders' equity | -3.7M | -4.8M | 13.4M | 2.4M | 15.9M | 1.7M | 2.6M |
| Total debt | 3.4M | 4.3M | — | — | — | — | — |
| Net debt | 3.4M | 4.3M | — | — | — | — | — |
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 | Q3 23 | Q4 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 | 19.2M | 16.2M | 12.6M | 9.2M | 5.8M | 2.4M | 8.2M | 5.1M | 1.9M | 4.4M | 2M | 8.7M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | 103K | 133K | 110K |
| Total current assets | 19.5M | 16.8M | 13.2M | 9.7M | 6.1M | 2.8M | 8.6M | 5.4M | 2.1M | 4.7M | 2.4M | 9M |
| Property, plant & equipment | 144K | — | 344K | 370K | 457K | — | 443K | 564K | 694K | — | 1.4M | 1.6M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 19.6M | 17.1M | 13.6M | 10.1M | 6.7M | 3.3M | 9.1M | 6M | 2.9M | 5.8M | 3.9M | 10.6M |
| Accounts payable | — | — | — | — | — | 531K | 523K | 814K | 1M | 1.1M | 747K | 608K |
| Short-term debt | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | 1M | 1.2M | 1.1M | 1.4M | 1.9M | 1.6M | 1.6M | 1.8M | 2.5M | 3.2M | 3.3M | 2.5M |
| Long-term debt | — | — | — | — | — | — | — | — | — | — | — | — |
| Total liabilities | 1M | 1.2M | 1.1M | 1.4M | 1.9M | 1.6M | 1.6M | 1.8M | 2.5M | 3.2M | 3.3M | 2.5M |
| Shareholders' equity | 18.6M | 15.9M | 12.5M | 8.7M | 4.8M | 1.7M | 7.5M | 4.2M | 406K | 2.6M | 635K | 8.2M |
| 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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Net income | -536K | -1.1M | -4.4M | -13M | -14.6M | -19.4M | -21M |
| Depreciation & amortization | — | — | — | — | — | 7K | 40K |
| Stock-based compensation | 0 | 10K | 192K | 1.1M | 3.2M | 4.3M | 5.1M |
| Change in working capital | — | — | — | 1.5M | -471K | 428K | 1.4M |
| Operating cash flow | -294K | -782K | -2.1M | -10.3M | -11.9M | -14.7M | -14M |
| Capital expenditure | — | — | — | 0 | -256K | -201K | — |
| Investing cash flow | — | — | — | 0 | -256K | -201K | 0 |
| Dividends paid | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — |
| Financing cash flow | 206K | 599K | 16.4M | 348K | 24.8M | 730K | 16.6M |
| Net change in cash | -88K | -183K | 14.3M | -10M | 12.6M | -14.2M | 2.6M |
| Free cash flow | -218K | -600K | -3.2M | -9.9M | -12.3M | -14.7M | -14.6M |
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 | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -3.5M | -3.9M | -4.6M | -5M | -5M | -4.9M | -5.5M | -5M | -5.3M | -5.3M | -4.7M | -5M |
| Depreciation & amortization | — | — | — | — | — | — | 7K | 8K | 8K | 17K | 24K | 57K |
| Stock-based compensation | 926K | 1.2M | 1.2M | 1M | 1.1M | 999K | 1.1M | 1.2M | 1.4M | 1.4M | 1.2M | 1.7M |
| Change in working capital | — | — | — | — | — | — | — | — | — | — | -30K | 23K |
| Operating cash flow | -2.5M | -2.7M | -3.4M | -3.9M | -3.9M | -3.9M | -4.4M | -3.4M | -3.2M | -2.9M | -3.6M | -3.3M |
| Capital expenditure | -144K | -112K | -88K | -10K | -103K | 0 | 0 | — | — | — | — | — |
| Investing cash flow | -144K | -112K | -88K | -10K | -103K | 0 | -3.8M | 0 | 1.8M | 0 | 0 | 0 |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 0 | 0 | 0 | 76K | 0 | 654K | 10.3M | 450K | 44K | 5.8M | 1.5M | 10.3M |
| Net change in cash | -2.7M | -2.8M | -3.5M | -3.9M | -4M | -3.3M | 2.1M | -3M | -1.3M | 2.9M | -2.1M | 6.9M |
| Free cash flow | -2.2M | -3M | -3.6M | -3.6M | -3.4M | -4.2M | -4.5M | -3.5M | -3.2M | -3.3M | -3.9M | -3.6M |