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 | -$0.23 | -$0.17 | +26.1% | — | — | — |
| Q2 26 | -$0.19 | -$0.17 | +10.5% | — | — | — |
| Q1 26 | -$0.22 | -$0.12 | +45.5% | — | — | — |
| Q4 25 | -$0.29 | -$0.24 | +17.2% | — | — | — |
| Q3 25 | -$0.51 | -$0.51 | 0.0% | — | — | — |
| Q2 25 | -$0.6 | -$0.8 | -33.3% | — | — | — |
| Q1 25 | -$0.93 | -$0.81 | +12.9% | — | $0 | — |
| Q3 24 | -$0.91 | -$0.91 | 0.0% | — | $0 | — |
| Q2 24 | -$1.09 | -$1.03 | +5.5% | — | $0 | — |
| Q1 24 | -$0.93 | -$1.09 | -17.2% | — | $0 | — |
| Q4 23 | -$0.88 | -$0.98 | -11.4% | — | $0 | — |
| Q3 23 | -$0.82 | -$0.8 | +2.4% | — | $0 | — |
| Q2 23 | -$0.88 | -$0.7 | +20.5% | — | $0 | — |
| Q1 23 | -$0.81 | -$0.98 | -21.0% | — | $0 | — |
| Q4 22 | -$0.81 | -$0.86 | -6.2% | — | $0 | — |
| Q3 22 | -$0.65 | -$0.78 | -20.0% | — | $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 | — | -$1.18 | — | — | $0 | — |
| FY24 | — | -$3.83 | — | — | $0 | — |
| FY23 | — | -$3.44 | — | — | $0 | — |
| FY22 | — | -$2.8 | — | — | $0 | — |
| FY21 | — | -$1.74 |
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 | 1.1M | 3.7M | 28M | 62.7M | 102.5M | 118.1M | 62M |
| Selling, general & administrative | 103K | 1.7M | 13.7M | 20.9M | 23.6M | 26M | 19.3M |
| Operating expenses | 1.2M | 5.3M | 41.7M | 83.6M | 126.1M | 144.1M | 81.3M |
| Operating income | -1.2M | -5.3M | -41.7M | -83.6M | -126.1M | -144.1M | -81.3M |
| Operating margin | — | — | — | — | — | — | — |
| Non-operating income, net | -3K | 3K | — | — | — | — | 17.7M |
| Pretax income | -1.2M | -5.3M | -41.6M | -81.8M | -117.3M | -138.4M | -61.8M |
| Income tax | — | — | — | — | — | — | — |
| Net income | -1.2M | -5.3M | -41.6M | -81.8M | -117.3M | -138.4M | -61.8M |
| Net margin | — | — | — | — | — | — | — |
| EBITDA | -1.2M | -5.3M | -41.4M | -82.9M | -124.6M | -142.3M | -97.5M |
| EPS | -0.11 | -0.5 | -1.74 | -2.8 | -3.44 | -3.83 | -1.18 |
| Diluted EPS | -0.11 | -0.5 | -1.74 | -2.8 | -3.44 | -3.83 | -1.18 |
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 | 25.3M | 30.9M | 33.8M | 31.8M | 27.2M | 25.2M | 22.9M | 16.6M | 14.4M | 8.1M | 9.1M | 9.1M |
| Selling, general & administrative | 5.8M | 6.5M | 7.3M | 7.1M | 6.8M | 4.8M | 6.8M | 4.7M | 4.2M | 3.6M | 3.7M | 3.6M |
| Operating expenses | 31.1M | 37.3M | 41.1M | 38.9M | 34M | 30.1M | 29.7M | 21.3M | 18.6M | 11.7M | 12.8M | 12.8M |
| Operating income | -31.1M | -37.3M | -41.1M | -38.9M | -34M | -30.1M | -29.7M | -21.3M | -18.6M | -11.7M | -12.8M | -12.8M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | — | — | — | — | — | — | — | — | -2.2M | 19.9M | -71K | 4.1M |
| Pretax income | -28.4M | -34.9M | -39.1M | -37.3M | -32.8M | -29.3M | -29.3M | -20.7M | -16.4M | 4.6M | -12.4M | -8.3M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — |
| Net income | -28.4M | -34.9M | -39.1M | -37.3M | -32.8M | -29.3M | -29.3M | -20.7M | -16.4M | 4.6M | -12.4M | -8.3M |
| Net margin | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -30.7M | -36.9M | -40.6M | -38.5M | -33.6M | -29.6M | -29.2M | -20.8M | -16M | -31.5M | -12.7M | -16.9M |
| EPS | -0.8 | -0.98 | -1.09 | -1.03 | -0.91 | -0.81 | -0.8 | -0.51 | -0.27 | — | -0.17 | -0.12 |
| Diluted EPS | -0.8 | -0.98 | -1.09 | -1.03 | -0.91 | -0.81 | -0.8 | -0.51 | -0.27 | — | -0.17 | -0.12 |
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 | — | — | — | — | — | 140.1M | — | 93.5M |
| Enterprise value | — | — | — | — | — | 90.6M | — | 61.7M |
| Shares outstanding | 10.7M | 10.7M | 23.9M | 29.3M | 34.1M | 36.1M | 52.2M | 52.2M |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | -1.09 |
| P/B | — | — | — | — | — | 2.72 | — | 7.9 |
| EV/EBITDA | — | — | — | — | — | -0.64 | — | -1.12 |
| Earnings yield | — | — | — | — | — | — | — | -91.5% |
| FCF yield | — | — | — | — | — | -85.8% | — | -29.7% |
| PEG | — | — | — | — | — | — | — | 0.01 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | — | — | 0% |
| Net margin | — | — | — | — | — | — | — | 0% |
| ROE | 5.7K% | -103% | -23.2% | -75.4% | -69.3% | -268.4% | -209.1% | -164.1% |
| ROA | -452.1% | -8.51% | -22.4% | -63.3% | -58.6% | -173.2% | -105.5% | -63.5% |
| Return on tangible assets | -452.1% | -8.51% | -22.4% | -63.3% | -58.6% | -173.2% | -105.5% | -88.2% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Current ratio | 0.93 | 38.4 | 38.1 | 6.17 | 7.84 | 3.15 | 5.23 | 3.48 |
| Quick ratio | 0.93 | 38.4 | 38.1 | 6.17 | 7.84 | 3.15 | 5.23 | 3.47 |
| Debt / equity | — | 0.05 | 0.02 | 0.02 | 0.06 | 0.17 | 0.05 | 0.07 |
| Debt / assets | — | 0 | 0.02 | 0.02 | 0.05 | 0.11 | 0.03 | 0.02 |
| Net debt / EBITDA | — | 11.6 | 4.12 | 1.34 | 1.34 | 0.35 | 0.56 | 0.44 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (basic) | -0.11 | -0.5 | -1.74 | -2.8 | -3.44 | -3.83 | -1.18 | -1.18 |
| EPS (diluted) | -0.11 | -0.5 | -1.74 | -2.8 | -3.44 | -3.83 | -1.18 | -0.18 |
| Book value per share | -0 | 0.48 | 7.49 | 3.71 | 4.96 | 1.43 | 0.57 | 0.17 |
| FCF per share | -0.12 | -0.42 | -1.62 | -2.17 | -2.93 | -3.33 | -1.35 | -0.65 |
| Cash per share | 0.02 | 5.76 | 7.27 | 3.86 | 5.19 | 1.61 | 1.07 | 0.48 |
| Capex per share | 0 | 0 | 0.13 | 0.04 | 0.1 | 0.01 | — | — |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Capex / operating cash flow | 0% | -1.11% | -8.92% | -1.48% | -3.34% | -0.34% | — | — |
| Payout ratio | — | — | — | — | — | — | — | 0% |
| — |
| — |
| $0 |
| — |
| FY20 | — | -$0.5 | — | — | $0 | — |
| FY19 | — | -$0.11 | — | — | $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 | 239K | 61.7M | 173.5M | 113M | 176.9M | 58.3M | 55.8M |
| Receivables | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — |
| Total current assets | 265K | 62.2M | 176.6M | 117.8M | 179.2M | 68.3M | 58M |
| Property, plant & equipment | 0 | 291K | 5.7M | 8M | 14.9M | 10.6M | 153K |
| Goodwill & intangibles | — | — | — | — | — | — | — |
| Total assets | 265K | 62.5M | 185.7M | 129.3M | 199.9M | 79.9M | 58.6M |
| Accounts payable | 271K | 727K | 1.3M | 6.8M | 6.9M | 12.9M | 3.2M |
| Short-term debt | — | 259K | 565K | 618K | 2.5M | 2.1M | 1.5M |
| Total current liabilities | 286K | 1.6M | 4.6M | 19.1M | 22.9M | 21.7M | 11.1M |
| Long-term debt | — | 0 | 2.3M | 1.7M | 7.8M | 6.7M | 128K |
| Total liabilities | 286K | 57.4M | 6.9M | 20.8M | 30.7M | 28.4M | 29M |
| Shareholders' equity | -21K | 5.2M | 178.8M | 108.5M | 169.2M | 51.6M | 29.6M |
| Total debt | — | 259K | 2.9M | 2.3M | 10.3M | 8.8M | 1.6M |
| Net debt | — | -61.4M | -142.9M | -109.6M | -166.6M | -49.5M | -54.2M |
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 | 199.1M | 176.9M | 144.9M | 113.3M | 88M | 58.3M | 35.9M | 56.2M | 46.6M | 55.8M | 44.7M | 34.8M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 202.5M | 179.2M | 147.6M | 116.3M | 93.6M | 68.3M | 44.7M | 64.7M | 49.4M | 58M | 46.3M | 36.4M |
| Property, plant & equipment | 17.4M | 14.9M | 13.8M | 3.2M | 11.8M | 10.6M | 9.4M | 8.1M | 5.4M | 153K | 67K | 47K |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 225.1M | 199.9M | 168.5M | 136.2M | 110.4M | 79.9M | 55.1M | 73.2M | 55.2M | 58.6M | 46.4M | 36.9M |
| Accounts payable | 3.2M | 6.9M | 4.7M | 5.8M | 9M | 12.9M | 7.7M | 8.4M | 6.4M | 3.2M | 4.6M | 3.3M |
| Short-term debt | 2.8M | 2.5M | 3.2M | — | 2.7M | 2.1M | 1.4M | 755K | 787K | 1.5M | 1.2M | 877K |
| Total current liabilities | 16.2M | 22.9M | 25.3M | 25.2M | 27.6M | 21.7M | 19.8M | 17.6M | 15.6M | 11.1M | 9.3M | 10.5M |
| Long-term debt | 9.3M | 7.8M | 7.9M | 7.1M | 6.9M | 6.7M | 6.5M | 6.3M | 6.1M | 128K | 0 | 0 |
| Total liabilities | 25.5M | 30.7M | 33.2M | 32.2M | 34.4M | 28.4M | 26.3M | 45.7M | 39.6M | 29M | 27.7M | 24.7M |
| Shareholders' equity | 199.6M | 169.2M | 135.3M | 103.9M | 76M | 51.6M | 28.7M | 27.5M | 15.6M | 29.6M | 18.7M | 12.1M |
| Total debt | 12.1M | 10.3M | 11.1M | 7.1M | 9.6M | 8.8M | 7.9M | 7.1M | 6.9M | 1.6M | 1.2M | 877K |
| Net debt | -187M | -166.6M | -133.8M | -106.2M | -78.4M | -49.5M | -27.9M | -49.2M | -39.8M | -54.2M | -43.5M | -33.9M |
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 | -1.2M | -5.3M | -41.6M | -81.8M | -117.3M | -138.4M | -61.8M |
| Depreciation & amortization | 0 | 8K | 249K | 691K | 1.5M | 1.7M | 1.4M |
| Stock-based compensation | 0 | 322K | 6.2M | 10.3M | 14.1M | 19.1M | 9.5M |
| Change in working capital | -98K | 295K | -1.2M | 480K | -2M | 9.5M | -11.3M |
| Operating cash flow | -1.3M | -4.6M | -35.5M | -69.8M | -101M | -105.3M | -70.4M |
| Capital expenditure | 0 | -51K | -3.2M | -1M | -3.4M | -362K | — |
| Investing cash flow | 0 | -51K | -33.4M | 27.3M | -2.2M | -362K | 0 |
| Dividends paid | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — |
| Financing cash flow | 1.4M | 66M | 152.8M | 0 | 161.8M | 0 | 67.7M |
| Net change in cash | 144K | 61.3M | 83.9M | -42.4M | 58.6M | -105.6M | -2.6M |
| Free cash flow | -1.3M | -4.5M | -38.6M | -63.4M | -100M | -120.3M | -70.4M |
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 | -28.4M | -34.9M | -39.1M | -37.3M | -32.8M | -29.3M | -29.3M | -20.7M | -16.4M | 4.6M | -12.4M | -8.3M |
| Depreciation & amortization | 419K | 420K | 420K | 423K | 436K | 469K | 468K | 467K | 427K | 47K | 46K | 20K |
| Stock-based compensation | 3.6M | 3.9M | 5M | 4.8M | 4.7M | 4.5M | 3.2M | 2.6M | 1.9M | 1.8M | 1.6M | 1.6M |
| Change in working capital | -2.5M | 2.6M | -2.9M | 680K | 4.5M | 7.2M | -6.1M | 256K | -2M | -3.5M | 1M | -2.1M |
| Operating cash flow | -26.2M | -27.3M | -35.5M | -31M | -22.4M | -16.4M | -30.9M | -19.2M | -11.6M | -13.9M | -11.7M | -10M |
| Capital expenditure | -39K | -8K | -35K | -59K | -186K | -82K | 0 | — | — | — | — | — |
| Investing cash flow | -39K | -8K | -35K | -59K | -186K | -82K | 0 | — | — | — | — | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 0 | 0 | — | 0 | 0 | 0 | 3.3M | 39.5M | 2M | 22.3M | 0 | 0 |
| Net change in cash | -26.3M | -27.3M | -35.6M | -31M | -22.6M | -16.4M | -27.7M | 20.2M | -9.6M | 8.4M | -11.7M | -10M |
| Free cash flow | -23.9M | -22.8M | -32.1M | -32.7M | -25.4M | -30.1M | -25.7M | -19.2M | -11.6M | -13.9M | -11.7M | -10M |