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 24 | -$0.29 | -$0.01 | +96.6% | — | — | — |
| Q4 23 | -$8.8 | -$3.58 | +59.3% | — | — | — |
| Q3 23 | -$8.4 | -$12 | -42.9% | — | — | — |
| Q2 23 | -$6.8 | -$12 | -76.5% | — | $0 | — |
| Q1 23 | -$5.6 | -$6 | -7.1% | — | $0 | — |
| Q4 22 | -$0.14 | -$0.08 | +42.9% | — | $0 | — |
| Q3 22 | -$4.53 | -$6 | -32.5% | — | $0 | — |
| Q2 22 | -$0.11 | -$0.15 | -36.4% | — | $0 | — |
| Q1 22 | -$0.09 | -$0.15 | -66.7% | — | $0 | — |
| Q4 21 | -$0.14 | -$0.1 | +28.6% | — | $0 | — |
| Q3 21 | -$0.16 | -$0.15 | +6.3% | — | $0 | — |
| Q2 21 | -$4.6 | -$6 | -30.4% | — | $0 | — |
| Q1 21 | -$7.47 | -$0.8 | +89.3% | — | $0 | — |
| Q4 20 | -$9.73 | -$24 | -146.7% | — | $0 | — |
| Q3 20 | -$13.6 | -$12 | +11.8% | — | $0 | — |
| Q2 20 | -$24 | -$18 | +25.0% | — | $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 | — | — | $1.2M | — |
| FY24 | — | -$6 | — | — | $28.9M | — |
| FY23 | — | -$0.9 | — | — | $4.8M | — |
| FY22 | — | -$0.45 | — | — | $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 | $4.8M | $28.9M | $1.2M |
| YoY change | 0% | 0% | 0% | 0% | 0% | 0% | 0% | +InfinityT% | +502.9% | -95.9% |
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 | 4.8M | 28.9M | 1.2M |
| Cost of revenue | — | — | — | — | — | 0 | 0 | 3.7M | 9.3M | 230K |
| Gross profit | — | — | — | — | — | 0 | 0 | 1.1M | 19.7M | 950K |
| Gross margin | — | — | — | — | — | — | — | 23.1% | 68% | 80.5% |
| Research & development | 11.2M | 19.5M | 19.8M | 23.4M | 18.2M | 19.5M | 17.6M | 12.5M | 9.1M | 8.1M |
| Selling, general & administrative | 5.3M | 5.7M | 5.8M | 4.6M | 4.7M | 5.3M | 11.5M | 31.2M | 28.5M | 3.9M |
| Operating expenses | 17M | 25.7M | 26.1M | 28.4M | 22.9M | 24.7M | 29.1M | 43.7M | 37.7M | 12M |
| Operating income | -16.5M | -25.2M | -25.6M | -28.1M | -22.9M | -24.8M | -29.2M | -43M | -19.2M | -10.3M |
| Operating margin | — | — | — | — | — | — | — | -895.7% | -66.2% | -871.8% |
| Non-operating income, net | 217K | 85K | 2.2M | 4.2M | -5.8M | -1.5M | 5.3M | -17.5M | 17.2M | 8.4M |
| Pretax income | -15.8M | -24.4M | -23M | -25.4M | -30M | -27.1M | -25M | -60.6M | -9.2M | -2M |
| Income tax | — | — | — | — | — | — | — | — | — | — |
| Net income | -15.8M | -24.4M | -23M | -25.4M | -30M | -27.1M | -25M | -60.6M | -9.2M | -2M |
| Net margin | — | — | — | — | — | — | — | -1.3K% | -31.9% | -171.7% |
| EBITDA | -16.2M | -24.1M | -24.2M | -26.9M | -22.3M | -23.7M | -28.6M | -39.4M | -13.8M | -9.2M |
| EPS | -4.2 | -4.05 | -3.15 | -2.55 | -1.8 | -0.6 | -0.45 | -0.9 | -6 | 0 |
| Diluted EPS | -4.2 | -4.05 | -3.15 | -2.55 | -1.8 | -0.6 | -0.45 | -0.9 | -6 | 0 |
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 | — | — | — | — | — | — | — | — | 427K | 194K | 477K | 294K |
| Cost of revenue | — | — | — | — | — | — | — | — | 84K | 40K | 95K | 59K |
| Gross profit | — | — | — | — | — | — | — | — | 343K | 154K | 382K | 235K |
| Gross margin | — | — | — | — | — | — | — | — | 80.3% | 79.4% | 80.1% | 79.9% |
| Research & development | — | — | — | — | — | — | — | — | 1.7M | 2.4M | 2.5M | 2.9M |
| Selling, general & administrative | — | — | — | — | — | — | — | — | 831K | 1.9M | 858K | 865K |
| Operating expenses | — | — | — | — | — | — | — | — | 2.5M | 4.3M | 3.4M | 3.8M |
| Operating income | — | — | — | — | — | — | — | — | -2.2M | -3.4M | -3M | -3.6M |
| Operating margin | — | — | — | — | — | — | — | — | -516.9% | -1.7K% | -629.8% | -1.2K% |
| Non-operating income, net | — | — | — | — | — | — | — | — | 1.2M | 1.5M | 458K | -690K |
| Pretax income | — | — | — | — | — | — | — | — | -977K | -2.2M | -2.6M | -4.3M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — |
| Net income | — | — | — | — | — | — | — | — | -977K | -2.2M | -2.6M | -4.3M |
| Net margin | — | — | — | — | — | — | — | — | -228.8% | -1.2K% | -542.6% | -1.5K% |
| EBITDA | — | — | — | — | — | — | — | — | -554K | -1.9M | -2.3M | -4.1M |
| EPS | -0.3 | — | -0.38 | 0.24 | -2.91 | — | 0 | 0 | 0 | — | 0 | 0 |
| Diluted EPS | -0.3 | — | -0.38 | 0.24 | -2.91 | — | 0 | 0 | 0 | — | 0 | 0 |
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 | 51.7M | — | — | — | — | — | — | — | — | — | 10.6M |
| Enterprise value | 16.4M | — | — | — | — | — | — | — | — | — | 9.1M |
| Shares outstanding | 3.7M | 6M | 7.2M | 9.8M | 16.9M | 44.2M | 51.6M | 64.2M | 2M | 4.1M | 4.1M |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| P/S | — | — | — | — | — | — | — | — | — | — | 7.69 |
| P/B | 1.47 | — | — | — | — | — | — | — | — | — | 0.82 |
| EV/EBITDA | -1.01 | — | — | — | — | — | — | — | — | — | -0.75 |
| EV/Sales | — | — | — | — | — | — | — | — | — | — | 6.51 |
| FCF yield | -28.2% | — | — | — | — | — | — | — | — | — | -83.4% |
| PEG | — | — | — | — | — | — | — | — | — | — | -0.97 |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin | — | — | — | — | — | — | — | 23.1% | 68% | 80.5% | 79.9% |
| Operating margin | — | — | — | — | — | — | — | -895.7% | -66.2% | -871.8% | -1.2K% |
| Net margin | — | — | — | — | — | — | — | -1.3K% | -31.9% | -171.7% | 80.5% |
| ROE | -45.2% | -46.1% | -55.6% | -76.2% | -136.3% | -39.7% | -49.1% | -458.4% | -68.5% | -8.68% | -55.3% |
| ROA | -40.7% | -39.9% | -40.8% | -47.5% | -63.5% | -33.2% | -32.7% | -94.8% | -23.7% | -4.95% | -19.8% |
| Return on tangible assets | -41.1% | -51.9% | -186.9% | -260.1% | -777.3% | -71.2% | -76.5% | -177.1% | -51.2% | -24.8% | -59.1% |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 9.86 | 7.49 | 4.74 | 2.36 | 2.15 | 5.91 | 4.87 | 1.53 | 1.76 | 1.95 | 1.2 |
| Quick ratio | 9.86 | 7.49 | 4.74 | 2.36 | 2.15 | 5.91 | 4.87 | 1.47 | 1.56 | 1.78 | 1.04 |
| Debt / equity | 0.01 | 0 | 0.21 | 0.31 | 0.35 | 0.07 | 0.24 | 0.88 | 1.12 | 0.43 | 0.48 |
| Debt / assets | 0.01 | 0 | 0.16 | 0.2 | 0.16 | 0.06 | 0.16 | 0.18 | 0.39 | 0.25 | 0.24 |
| Net debt / EBITDA | 2.17 | 2.04 | 0.88 | 0.63 | 0.67 | 2.21 | 1.36 | 0.8 | 0.33 | 1.17 | 0.59 |
| Interest coverage | -1.2K | — | -78.2 | -10.3 | -19.4 | -26.5 | -13 | -27.3 | -0.02 | -0.62 | -9.01 |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.07 | 14.5 | 0.29 | 0.6 |
| EPS (basic) | -4.2 | -4.05 | -3.15 | -2.55 | -1.8 | -0.6 | -0.45 | -0.9 | -6 | 0 | 0 |
| EPS (diluted) | -4.2 | -4.05 | -3.15 | -2.55 | -1.8 | -0.6 | -0.45 | -0.9 | -6 | 0 | 0 |
| Book value per share | 9.36 | 8.82 | 5.71 | 3.42 | 1.31 | 1.54 | 0.99 | 0.21 | 6.74 | 5.68 | 3 |
| FCF per share | -3.89 | -4.13 | -4.75 | -2.33 | -1.38 | -0.54 | -0.51 | -0.36 | -22 | -1.97 | -2.44 |
| Cash per share | 9.52 | 8.25 | 4.16 | 2.82 | 1.34 | 1.29 | 0.99 | 0.67 | 9.8 | 5.08 | 2.99 |
| Capex per share | 0.01 | 0.06 | 0.02 | 0.01 | 0 | 0 | 0 | 0 | 0.03 | — | — |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Capex / revenue | — | — | — | — | — | — | — | 2.42% | 0.18% | — | — |
| Capex / operating cash flow | -0.35% | -1.48% | -0.85% | -0.29% | 0% | -0.39% | -0.61% | -0.26% | -0.25% | — | — |
| Payout ratio | — | — | — | — | — | — | — | — | — | — | 0% |
| — |
| FY21 | — | -$0.6 | — | — | $0 | — |
| FY20 | — | -$1.8 | — | — | $0 | — |
| FY19 | — | -$2.55 | — | — | $0 | — |
| FY18 | — | -$3.15 | — | — | $0 | — |
| FY17 | — | -$4.05 | — | — | $0 | — |
| FY16 | — | -$4.2 | — | — | $0 | — |
| 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 | — | — | — | — | — | — | — | — | $427K | $194K | $477K | $294K |
| YoY change | — | — | — | — | — | — | — | — | — | — | — | — |
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 | 35.6M | 49.5M | 30.2M | 27.5M | 22.6M | 57.1M | 51.1M | 43M | 19.6M | 20.9M |
| Receivables | 223K | 586K | — | — | — | — | 0 | 358K | 2.5M | 46K |
| Inventory | — | — | — | — | — | — | 0 | 2M | 3.1M | 2.1M |
| Total current assets | 36.1M | 50.4M | 32M | 28.2M | 22.9M | 57.4M | 52M | 47.2M | 27.1M | 23.7M |
| Property, plant & equipment | 2.6M | 2.5M | 2.2M | 3.5M | 2.7M | 2.3M | 2.5M | 1.9M | 1.4M | 856K |
| Goodwill & intangibles | 362K | 14M | 43.9M | 43.8M | 43.4M | 43.4M | 43.8M | 29.7M | 20.9M | 32.7M |
| Total assets | 38.9M | 61M | 56.2M | 53.6M | 47.3M | 81.4M | 76.4M | 63.9M | 38.9M | 40.9M |
| Accounts payable | 2.6M | 5.5M | 4.5M | 7.8M | 5.9M | 5.6M | 7M | 10.9M | 5.6M | 3.5M |
| Short-term debt | 93K | 93K | 895K | 2.9M | 3.3M | 2.9M | 2M | 3.7M | 5M | 4.7M |
| Total current liabilities | 3.7M | 6.7M | 6.8M | 12M | 10.6M | 9.7M | 10.7M | 30.9M | 15.4M | 12.1M |
| Long-term debt | 250K | 157K | 7.8M | 7.6M | 4.4M | 1.7M | 10.4M | 7.9M | 10M | 5.4M |
| Total liabilities | 3.9M | 8.1M | 14.9M | 20.2M | 25.3M | 13.3M | 25.5M | 50.7M | 25.4M | 17.6M |
| Shareholders' equity | 35M | 52.9M | 41.3M | 33.4M | 22M | 68.1M | 50.8M | 13.2M | 13.5M | 23.3M |
| Total debt | 343K | 250K | 8.7M | 10.5M | 7.7M | 4.7M | 12.3M | 11.6M | 15M | 10.2M |
| Net debt | -2.1M | -4.9M | 5.3M | 5.2M | -9.1M | -8.3M | 1.7M | 7.3M | 4.6M | 6.9M |
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 | 26M | — | — | — | — | — | 26.4M | 28.2M | 25.2M | 20.9M | 17.4M | 13.1M |
| Receivables | — | — | — | — | — | — | 1.5M | 78K | 0 | 46K | — | — |
| Inventory | 1.4M | — | — | — | — | — | 3.3M | 2.9M | 2.2M | 2.1M | 2.2M | 2.2M |
| Total current assets | 28.8M | — | — | — | — | — | 31.9M | 31.9M | 28.5M | 23.7M | 21.6M | 16.3M |
| Property, plant & equipment | 2M | — | — | — | — | — | 1.2M | 997K | 892K | 856K | 867K | 803K |
| Goodwill & intangibles | 22M | — | — | — | — | — | 10.4M | 10.4M | 10.4M | 32.7M | 16.3M | 16.3M |
| Total assets | 52.9M | — | — | — | — | — | 43.5M | 43.3M | 39.8M | 40.9M | 38.8M | 33.5M |
| Accounts payable | 8.4M | — | — | — | — | — | 4.7M | 3.5M | 3.5M | 3.5M | 4.9M | 4.3M |
| Short-term debt | 3.6M | — | — | — | — | — | 5.1M | 4.9M | 4.8M | 4.7M | 4.7M | 4.8M |
| Total current liabilities | 14.7M | — | — | — | — | — | 14M | 15.5M | 13.7M | 12.1M | 13.6M | 13.7M |
| Long-term debt | 9.7M | — | — | — | — | — | 8.6M | 7.7M | 6.6M | 5.4M | 4.3M | 3.2M |
| Total liabilities | 39.7M | — | — | — | — | — | 22.6M | 23.2M | 20.3M | 17.6M | 18M | 16.9M |
| Shareholders' equity | 13.1M | — | — | — | — | — | 20.9M | 20.1M | 19.5M | 23.3M | 20.8M | 16.6M |
| Total debt | 13.3M | — | — | — | — | — | 13.7M | 12.6M | 11.4M | 10.2M | 9.1M | 7.9M |
| Net debt | 5.6M | — | — | — | — | — | 4.7M | 5.4M | 3.5M | 6.9M | 6.6M | 3.3M |
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 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -15.8M | -24.4M | -23M | -25.4M | -30M | -27.1M | -25M | -60.6M | -9.2M | -2M |
| Depreciation & amortization | 482K | 481K | 545K | 940K | 934K | 703K | 654K | 1.4M | 4.1M | 523K |
| Stock-based compensation | 1.1M | 1.5M | 2.5M | 1.8M | 1.3M | 1.5M | 2.2M | 2.3M | 1.1M | 396K |
| Change in working capital | — | — | — | — | — | 0 | 0 | 10.6M | -16.3M | 3.4M |
| Operating cash flow | -14.7M | -22.9M | -20.4M | -22.8M | -27.6M | -24.8M | -21.6M | -45.1M | -21.2M | -8.1M |
| Capital expenditure | -52K | -338K | -173K | -67K | 0 | -97K | -131K | -116K | -53K | — |
| Investing cash flow | 9.3M | -12M | 21.1M | 5.3M | 16.7M | -38.2M | 4.2M | 1.6M | 29.4M | -8.5M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 2.1M | 38.7M | 13.1M | 19.2M | 15.9M | 46.8M | 20.4M | 12.1M | 20.6M | 4.4M |
| Net change in cash | -3.3M | 3.8M | 13.7M | 1.6M | 5M | -16.2M | 3M | -31.4M | 28.8M | -12.2M |
| Free cash flow | -14.6M | -24.8M | -34.4M | -22.7M | -23.2M | -23.7M | -26.6M | -22.9M | -43.9M | -8.1M |
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 | -16M | -13.9M | -696K | 484K | -5.8M | -3.2M | 5.1M | -3.9M | -977K | -2.2M | -2.6M | -4.3M |
| Depreciation & amortization | 221K | 706K | 897K | 476K | 840K | 1.9M | 165K | 176K | 119K | 63K | 88K | 78K |
| Stock-based compensation | 472K | 929K | 533K | 437K | 319K | -154K | 194K | 53K | 101K | 48K | 78K | 79K |
| Change in working capital | -1.4M | -601K | -7.3M | -4.6M | -3.6M | -721K | 837K | 1.9M | 747K | -13K | 37K | -56K |
| Operating cash flow | -15.6M | -14M | -6.2M | -852K | -9M | -4.5M | 6.3M | -177K | -2.1M | -3.2M | -2.3M | -3.2M |
| Capital expenditure | -1K | -16K | -32K | -27K | 0 | 6K | 0 | — | — | — | — | — |
| Investing cash flow | 4.1M | -20.4M | 16.7M | -8.6M | 10.2M | 11.2M | -8.2M | -3.7M | 3.7M | -310K | 2.7M | 6.3M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 954K | 11.3M | -1.7M | 4.7M | -1.2M | -1.1M | 8.3M | 482K | -916K | -1.3M | -2.3M | -2.3M |
| Net change in cash | -10.5M | -23.1M | 8.9M | -4.8M | -100K | 5.5M | 6.4M | -3.4M | 662K | -4.8M | -1.9M | 865K |
| Free cash flow | -9.9M | 5M | -14.1M | -11.4M | -9.8M | -8.6M | -2.6M | -177K | -2.1M | -3.2M | -2.3M | -3.2M |