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 % |
|---|---|---|---|---|---|---|
| Q4 25 | -$2.7 | -$4.74 | -75.6% | — | — | — |
| Q3 25 | -$45 | -$76.5 | -70.0% | — | — | — |
| Q2 25 | -$72 | -$72 | 0.0% | — | — | — |
| Q1 25 | -$63 | -$94.5 | -50.0% | — | $1.9M | — |
| Q3 24 | -$67.5 | -$72 | -6.7% | — | $2.4M | — |
| Q2 24 | -$76.5 | -$85.5 | -11.8% | — | $2.4M | — |
| Q1 23 | — | -$0.18 | — | — | $921 | — |
| Q4 22 | — | -$0.44 | — | — | $2.3K | — |
| Q3 22 | — | -$1.1 | — | — | $1.1K | — |
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 | — | -$129.9 | — | — | $6.1M | — |
| FY24 | — | -$22.5 | — | — | $9.4M | — |
| FY23 | — | -$0.91 | — | — | $2.5M | — |
| FY22 | — | -$1.81 | — | — | $4.8K | — |
| FY21 | — | -$2.32 | — | — |
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 | $4.8K | $2.5M | $9.4M | $6.1M |
| YoY change | — | 0% | +InfinityT% | +52.6K% | +269.7% | -34.8% |
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 | Q3 24 |
|---|
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 | 4.8K | 2.5M | 9.4M | 6.1M |
| Cost of revenue | — | 0 | 467 | 1.7M | 6M | 4.2M |
| Gross profit | — | 0 | 4.3K | 791.6K | 3.4M | 1.9M |
| Gross margin | — | — | 90.3% | 31.3% | 36.1% | 30.8% |
| Research & development | 1.6M | 1.1M | 1.5M | 1.7M | 1.8M | 2.1M |
| Selling, general & administrative | 994.3K | 1.1M | 2.5M | 6.8M | 9.9M | 9.9M |
| Operating expenses | 2.6M | 2.2M | 4M | 8.5M | 11.7M | 12M |
| Operating income | -2.6M | -2.2M | -4M | -8M | -9M | -10.6M |
| Operating margin | — | — | -83.5K% | -314.8% | -95.6% | -174% |
| Non-operating income, net | -4.3M | -3.1M | -1.7M | -27.8K | 129 | -4.3M |
| Pretax income | -7.3M | -6.3M | -8.2M | -7.9M | -9M | -14.9M |
| Income tax | 2.8K | 1.9K | 2.5K | 21K | 11.7K | 44K |
| Net income | -7.3M | -6.3M | -8.2M | -7.9M | -9M | -14.9M |
| Net margin | — | — | -169.8K% | -313.4% | -96.6% | -244.1% |
| EBITDA | -6.9M | -1.5M | -5.8M | -7.6M | -8.3M | -10.5M |
| EPS | -2.66 | -2.32 | -1.81 | -0.91 | -22.5 | -129.9 |
| Diluted EPS | -2.66 | -2.32 | -1.81 | -0.91 | -22.5 | -129.9 |
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 | 298.5K | 2.2M | 2.4M | 2.4M | 2.4M | 2.2M | 1.9M | 1.3M | 1.4M | 1.5M | 1.4M | 1.5M |
| Cost of revenue | 74.7K | 1.7M | 1.6M | 1.4M | 1.4M | 1.6M | 1.4M | 1M | 942.2K | 900.1K | 928.6K | 1.1M |
| Gross profit | 223.8K | 548.5K | 833K | 989.9K | 910.2K | 645.4K | 485.7K | 252.9K | 503.9K | 638.7K | 422.9K | 422.7K |
| Gross margin | 75% | 24.8% | 34.6% | 41.3% | 38.7% | 29.2% | 26.2% | 19.9% | 34.8% | 41.5% | 31.3% | 28% |
| Research & development | 436.8K | 528.2K | 442.6K | 453.9K | 368.2K | 518.2K | 505.7K | 440.7K | 473.9K | 668.8K | 683.7K | 837.5K |
| Selling, general & administrative | 2M | 2.2M | 2.2M | 2.5M | 2.4M | 2.9M | 2.5M | 2.2M | 2.2M | 3M | 3.2M | 2.9M |
| Operating expenses | 2.5M | 2.7M | 2.6M | 2.9M | 2.7M | 3.4M | 3M | 2.7M | 2.7M | 3.7M | 3.9M | 3.7M |
| Operating income | -2.3M | -2.3M | -1.9M | -2.1M | -2M | -2.9M | -2.6M | -2.5M | -2.3M | -3.2M | -3.6M | -3.3M |
| Operating margin | -768.7% | -105.8% | -80.8% | -87.1% | -84% | -133.5% | -141.7% | -198.2% | -158.6% | -207.4% | -267.6% | -220.8% |
| Non-operating income, net | -12.5K | -15.3K | 4.5K | 1 | -5K | 632 | -9.6K | -1.5M | -2.8M | -4K | -8.9K | -22.9K |
| Pretax income | -2.3M | -2.4M | -2M | -2.1M | -2M | -3M | -2.7M | -4M | -5M | -3.1M | -3.6M | -3.4M |
| Income tax | 2.3K | 2.3K | 3.7K | 5.4K | 2.6K | 0 | 8.7K | 29K | 3.2K | 3.2K | 0 | 0 |
| Net income | -2.3M | -2.4M | -2M | -2.1M | -2M | -3M | -2.7M | -4.1M | -5.1M | -3.1M | -3.6M | -3.4M |
| Net margin | -767.5% | -107.2% | -81.5% | -88% | -85.1% | -134.4% | -143.5% | -319.9% | -349.3% | -203.9% | -268.6% | -222.8% |
| EBITDA | -2.2M | -2.2M | -1.8M | -1.9M | -1.8M | -2.8M | -2.5M | -2.8M | -2.2M | -3M | -3.5M | -3.3M |
| EPS | -0.26 | — | -0.2 | -0.19 | -4.8 | — | -4.8 | -5.1 | -71.1 | — | -12.2 | -9.6 |
| Diluted EPS | -0.26 | — | -0.2 | -0.19 | -4.8 | — | -4.8 | -5.1 | -71.1 | — | -12.2 | -9.6 |
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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Market cap | — | — | — | — | — | — | 4.5M |
| Enterprise value | — | — | — | — | — | — | 3M |
| Shares outstanding | 2.7M | 2.7M | 4.5M | 8.7M | 404.2K | 114.7K | 114.7K |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | -0.06 |
| P/S | — | — | — | — | — | — | 0.75 |
| P/B | — | — | — | — | — | — | 0.89 |
| EV/EBITDA | — | — | — | — | — | — | -0.25 |
| EV/Sales | — | — | — | — | — | — | 0.51 |
| Earnings yield | — | — | — | — | — | — | -1.8K% |
| FCF yield | — | — | — | — | — | — | -155.2% |
| PEG | — | — | — | — | — | — | -0 |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Gross margin | — | — | 90.3% | 31.3% | 36.1% | 30.8% | 28% |
| Operating margin | — | — | -83.5K% | -314.8% | -95.6% | -174% | -220.8% |
| Net margin | — | — | -169.8K% | -313.4% | -96.6% | -244.1% | -257.3% |
| ROE | 48.2% | 40.1% | -73.8% | -163.5% | -347.4% | -204.9% | -1.9K% |
| ROA | -5K% | -435.3% | -66.9% | -96.5% | -138.8% | -136% | -125.1% |
| ROIC | 50.6% | 38.1% | 3.4K% | -220.7% | -298.7% | -534.3% | -448.3% |
| Return on tangible assets | -5K% | -435.3% | -66.9% | -211.9% | -419.6% | -221.9% | -442.1% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Current ratio | 0.01 | 0.11 | 10.5 | 1.77 | 0.87 | 2.6 | 1.44 |
| Quick ratio | 0.01 | 0.11 | 10.5 | 1.76 | 0.86 | 2.58 | 1.41 |
| Debt / equity | -0.66 | -0.72 | 0.02 | 0.33 | 0.58 | 0.16 | 0.38 |
| Debt / assets | 68.7 | 7.82 | 0.02 | 0.19 | 0.23 | 0.11 | 0.19 |
| Net debt / EBITDA | -1.45 | -6.77 | 1.92 | 0.16 | -0.05 | 0.5 | 0.08 |
| Interest coverage | -18 | -5.31 | -2.22 | -212.2 | -96.6 | -334 | -337.5 |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 0 | 0.29 | 23.2 | 53.2 | 23.2 |
| EPS (basic) | -2.66 | -2.32 | -1.81 | -0.91 | -22.5 | -129.9 | -129.9 |
| EPS (diluted) | -2.66 | -2.32 | -1.81 | -0.91 | -22.5 | -129.9 | -1.35 |
| Book value per share | -5.53 | -5.79 | 2.45 | 0.56 | 6.44 | 63.4 | 8.34 |
| FCF per share | -0.81 | -0.75 | -0.95 | -0.69 | -18.2 | -81.8 | -33.2 |
| Cash per share | 0.03 | 0.5 | 2.54 | 0.32 | 2.73 | 56.2 | 4.5 |
| Capex per share | 0 | 0 | 0.05 | 0 | 0.2 | — | — |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Capex / revenue | — | — | 4.6K% | 0.9% | 0.84% | — | — |
| Capex / operating cash flow | -0.11% | 0% | -5.68% | -0.35% | -1.07% | — | — |
| Payout ratio | — | — | — | — | — | — | 0% |
| $0 |
| — |
| FY20 | — | -$2.66 | — | — | $0 | — |
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $298.5K | $2.2M | $2.4M | $2.4M | $2.4M | $2.2M | $1.9M | $1.3M | $1.4M | $1.5M | $1.4M | $1.5M |
| YoY change | +25.9K% | +94.2K% | +261.2K% | +12K% | +687.4% | -0.26% | -23% | -47.1% | -38.5% | -30.3% | -27.1% | +19% |
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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Cash & short-term investments | 83.1K | 1.4M | 11.4M | 2.8M | 1.1M | 6.4M |
| Receivables | 1.5K | 1.5K | 0 | 782.1K | 1.1M | 515.7K |
| Inventory | — | 0 | 5.5K | 18.5K | 27.6K | 53.5K |
| Total current assets | 118.7K | 1.4M | 12M | 4M | 2.7M | 7.6M |
| Property, plant & equipment | 9.4K | 4.6K | 214.4K | 458.6K | 1.6M | 1.3M |
| Goodwill & intangibles | — | — | 0 | 4.5M | 4.4M | 4.2M |
| Total assets | 145.6K | 1.5M | 12.2M | 8.2M | 6.5M | 11M |
| Accounts payable | 191.4K | 230.4K | 345K | 604.8K | 987.3K | 761.9K |
| Short-term debt | 10M | 11.2M | 251.7K | 460.2K | 694.5K | 383.9K |
| Total current liabilities | 11.1M | 13M | 1.1M | 2.2M | 3.1M | 2.9M |
| Long-term debt | 53.5K | 160.2K | 0 | 1.1M | 806.7K | 777K |
| Total liabilities | 15.2M | 17.2M | 1.1M | 3.4M | 3.9M | 3.7M |
| Shareholders' equity | -15.1M | -15.8M | 11M | 4.9M | 2.6M | 7.3M |
| Total debt | 10M | 11.4M | 251.7K | 1.6M | 1.5M | 1.2M |
| Net debt | 9.9M | 10M | -11.2M | -1.2M | 395.9K | -5.3M |
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 | 4.5M | 2.8M | 2.5M | 801.3K | 756.6K | 1.1M | 444.7K | 802.8K | 7.7M | 6.4M | 3.1M | 2.4M |
| Receivables | 1.1M | 782.1K | 1.1M | 1.6M | 1.3M | 1.1M | 946.4K | 402.4K | 421.8K | 515.7K | 652.7K | 875.5K |
| Inventory | 9.9K | 18.5K | 9.5K | 29.8K | 25.4K | 27.6K | 38.8K | 44K | 35.2K | 53.5K | 77.9K | 82.4K |
| Total current assets | 6M | 4M | 3.9M | 2.7M | 2.5M | 2.7M | 1.9M | 1.7M | 8.6M | 7.6M | 4.3M | 3.9M |
| Property, plant & equipment | 512.2K | 458.6K | 1.9M | 1.7M | 1.8M | 1.6M | 1.5M | 919K | 784.1K | 1.3M | 1.5M | 1.6M |
| Goodwill & intangibles | 4M | 4.5M | 4.4M | 4.4M | 4.4M | 4.4M | 4.3M | 4.3M | 4.3M | 4.2M | 4.2M | 4.2M |
| Total assets | 10.2M | 8.2M | 8M | 6.7M | 6.6M | 6.5M | 5.5M | 4.8M | 11.5M | 11M | 7.9M | 7.6M |
| Accounts payable | 827.4K | 604.8K | 384K | 848.1K | 782.9K | 987.3K | 1.4M | 1.2M | 940.8K | 761.9K | 836.2K | 969.8K |
| Short-term debt | 449.1K | 460.2K | 474.1K | 483K | 779.6K | 694.5K | 638.7K | 346K | 396.4K | 383.9K | 283.7K | 265.4K |
| Total current liabilities | 2M | 2.2M | 1.8M | 2.3M | 2.5M | 3.1M | 3.4M | 2.6M | 2.4M | 2.9M | 3.2M | 2.7M |
| Long-term debt | 1.2M | 1.1M | 1M | 897K | 939.8K | 806.7K | 692.5K | 324K | 284.6K | 777K | 1.1M | 1.2M |
| Total liabilities | 3.2M | 3.4M | 2.8M | 3.2M | 3.4M | 3.9M | 4.1M | 6.9M | 2.6M | 3.7M | 4.3M | 3.9M |
| Shareholders' equity | 7M | 4.9M | 5.3M | 3.4M | 3.1M | 2.6M | 1.4M | -2.1M | 8.9M | 7.3M | 3.7M | 3.8M |
| Total debt | 1.7M | 1.6M | 1.5M | 1.4M | 1.7M | 1.5M | 1.3M | 670K | 680.9K | 1.2M | 1.4M | 1.4M |
| Net debt | -2.8M | -1.2M | -958.4K | 578.7K | 962.8K | 395.9K | 886.5K | -132.8K | -7M | -5.3M | -1.7M | -994.7K |
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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Net income | -7.3M | -6.3M | -8.2M | -7.9M | -9M | -14.9M |
| Depreciation & amortization | 22.2K | 4.8K | 10.2K | 249.6K | 605.6K | 504.8K |
| Stock-based compensation | 275.7K | 43K | 248.6K | 748.8K | 989.7K | 671.5K |
| Change in working capital | 88K | 39K | 100.1K | 324.4K | 36.4K | 365.1K |
| Operating cash flow | -2.6M | -6.5M | -3.9M | -6.6M | -7.4M | -9.3M |
| Capital expenditure | -2.9K | 0 | -220K | -22.9K | -79.1K | — |
| Investing cash flow | -2.9K | 0 | -220K | -2.2M | -79.1K | — |
| Dividends paid | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — |
| Financing cash flow | 1.7M | 3.3M | 6.1M | -345K | 4.2M | 9.9M |
| Net change in cash | -890K | -3.2M | 2M | -9.2M | -3.3M | 591K |
| Free cash flow | -2.2M | -2M | -4.3M | -6.1M | -7.3M | -9.4M |
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 | -2.3M | -2.4M | -2M | -2.1M | -2M | -3M | -2.7M | -4.1M | -5.1M | -3.1M | -3.6M | -3.4M |
| Depreciation & amortization | 57.6K | 148.8K | 149.6K | 151.1K | 151.3K | 153.6K | 154.6K | 113.2K | 113.4K | 123.7K | 114.5K | 61.6K |
| Stock-based compensation | 186.4K | 234.5K | 283.7K | 286.2K | 185.7K | 234.1K | 326.6K | 211.6K | 67.1K | 66.1K | 14.3K | 784.9K |
| Change in working capital | 730.7K | -194.1K | -527.1K | -32.7K | 205.8K | 390.5K | 559K | 325.4K | -233.3K | -285.6K | -76.3K | -84.8K |
| Operating cash flow | -1.3M | -2.2M | -2.1M | -1.7M | -1.5M | -2.2M | -1.6M | -2.6M | -2.5M | -2.6M | -3.2M | -3.2M |
| Capital expenditure | -169 | 13.4K | -41.4K | -28.3K | -9.4K | -1 | -50.8K | — | — | — | — | — |
| Investing cash flow | -169 | 13.4K | -41.4K | -28.3K | -9.4K | -1 | -50.8K | — | — | — | — | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | -50.8K | 166.9K | 1.9M | -91.3K | 68.8K | 2.1M | -139.2K | 2.6M | 7.5M | 1.3M | -118.5K | -66.1K |
| Net change in cash | -1.4M | -2M | -152.9K | -1.8M | -1.4M | -93.7K | -1.8M | -15.9K | 5M | -1.2M | -3.3M | -3.3M |
| Free cash flow | -1.5M | -1.6M | -2.4M | -1.6M | -1.7M | -1.7M | -1.7M | -2.7M | -2.5M | -2.6M | -3.2M | -3.3M |