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 | -$0.8 | -$0.49 | +38.8% | — | $160.1K | — |
| Q1 26 | -$1.2 | -$0.51 | +57.5% | — | $104.3K | — |
| Q3 25 | -$1.4 | -$0.6 | +57.1% | — | $60.1K | — |
| Q1 25 | -$1.5 | -$0.9 | +40.0% | — | $10K | — |
| Q4 24 | -$0.17 | -$0.13 | +23.5% | — | $0 | — |
| Q3 24 | -$1.8 | -$1.6 | +11.1% | — | $50K | — |
| Q2 24 | -$1.9 | -$0.9 | +52.6% | — | $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 | — | -$1.97 | — | — | $275.1K | — |
| FY24 | — | -$10.2 | — | — | $99.8K | — |
| FY23 | — | -$0.35 | — | — | — | — |
| FY22 | — | -$0.04 | — | — | $15.6K | — |
| FY21 | — | -$0.04 | — | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $7.4K | $15.6K | — | $99.8K | $275.1K |
| YoY change | — | +111.1% | — | — | +175.7% |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | Q2 23 | Q3 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 |
|---|
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 7.4K | 15.6K | — | 99.8K | 275.1K |
| Cost of revenue | 0 | 0 | — | 0 | — |
| Gross profit | 7.4K | 15.6K | — | 99.8K | — |
| Gross margin | 100% | 100% | — | 100% | — |
| Research & development | 45.4K | 136.4K | — | 1.1M | 163K |
| Selling, general & administrative | 781.8K | 1M | — | 19.2M | 8.9M |
| Operating expenses | 827.2K | 1.2M | — | 33.8M | 9M |
| Operating income | -819.8K | -1.2M | — | -36.5M | -12.6M |
| Operating margin | -11.1K% | -7.8K% | — | -36.6K% | -4.6K% |
| Non-operating income, net | -304 | 548.2K | — | 3M | 4.4M |
| Pretax income | -820.1K | -676K | — | -33.7M | -8.6M |
| Income tax | 0 | 0 | — | 0 | 0 |
| Net income | -820.1K | -676K | — | -33.7M | -8.6M |
| Net margin | -11.1K% | -4.3K% | — | -33.8K% | -3.1K% |
| EBITDA | -819.8K | -1.7M | — | -33.7M | -8.6M |
| EPS | -0.04 | -0.04 | -0.35 | -10.2 | -1.97 |
| Diluted EPS | -0.04 | -0.04 | -0.35 | -10.2 | -1.97 |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | Q2 23 | Q3 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 49.8K | 0 | 50K | 0 | 10K | — | 60.1K | 200K | 104.3K | 160.1K |
| Cost of revenue | 0 | 0 | — | 0 | 0 | 0 | 0 | — | 0 | — | — | 0 |
| Gross profit | 0 | 0 | — | 0 | 50K | 0 | 10K | — | 60.1K | — | — | 160.1K |
| Gross margin | — | — | — | — | 100% | — | 100% | — | 100% | — | — | 100% |
| Research & development | 76.4K | 75.5K | 250.7K | 355.6K | 153.2K | 368.4K | 10.7K | — | -3.6K | 148.5K | 26.9K | 5K |
| Selling, general & administrative | 2.8M | 2.3M | 6.5M | 5.3M | 4.2M | 3.3M | 3.2M | — | 1.5M | 2.4M | 2.4M | 2.6M |
| Operating expenses | 2.9M | 2.4M | 6.7M | 5.6M | 4.4M | 3.6M | 3.2M | — | 1.4M | 2.5M | 2.4M | 2.6M |
| Operating income | -3.1M | -2.6M | -6.8M | -6.3M | -5.3M | -18.1M | -4.2M | — | -2.3M | -3.3M | -3.3M | -3.5M |
| Operating margin | — | — | -13.7K% | — | -10.6K% | — | -41.5K% | — | -3.9K% | -1.7K% | -3.2K% | -2.2K% |
| Non-operating income, net | -31.8K | 19.8K | -63.7K | 3.3M | -525.6K | 255K | 668.9K | — | -121.9K | 112.2K | 377.6K | 192.3K |
| Pretax income | -3.1M | -2.6M | -6.9M | -3M | -5.8M | -18M | -3.6M | — | -2.5M | -3.4M | -3M | -3.4M |
| Income tax | 0 | 0 | — | 0 | 0 | 0 | 0 | — | 0 | 0 | 47K | 10K |
| Net income | -3.1M | -2.6M | -6.9M | -3M | -5.8M | -18M | -3.6M | — | -2.5M | -3.4M | -3.1M | -3.4M |
| Net margin | — | — | -13.8K% | — | -11.6K% | — | -36.1K% | — | -4.1K% | -1.7K% | -2.9K% | -2.1K% |
| EBITDA | -2.9M | -2.3M | -6.7M | -5.7M | -4.3M | -17.1M | -3.2M | — | -1.3M | -2.3M | -2.3M | -2.5M |
| EPS | -0.15 | -0.13 | -0.27 | -0.09 | -0.16 | — | -0.9 | 0.2 | -0.6 | — | -0.51 | -0.49 |
| Diluted EPS | -0.15 | -0.13 | -0.27 | -0.09 | -0.16 | — | -0.9 | 0.2 | -0.6 | — | -0.51 | -0.49 |
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 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Market cap | — | — | — | — | — | 45.5M |
| Enterprise value | — | — | — | — | — | 47.5M |
| Shares outstanding | 18.7M | 18.7M | 33.7M | 3.3M | 4.4M | 4.4M |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | -3.04 |
| P/S | — | — | — | — | — | 89.7 |
| P/B | — | — | — | — | — | 2.36 |
| EV/EBITDA | — | — | — | — | — | -5.99 |
| EV/Sales | — | — | — | — | — | 90.6 |
| Earnings yield | — | — | — | — | — | -32.9% |
| FCF yield | — | — | — | — | — | -4.07% |
| PEG | — | — | — | — | — | 0.01 |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Gross margin | 100% | 100% | — | 100% | — | 100% |
| Operating margin | -11.1K% | -7.8K% | — | -36.6K% | -4.6K% | -2.2K% |
| Net margin | -11.1K% | -4.3K% | — | -33.8K% | -3.1K% | 0% |
| ROE | -184.4% | 1.7K% | — | -1.3K% | -249.2% | -98.1% |
| ROA | -111.6% | -108% | — | -185.8% | -56.4% | -31.4% |
| ROIC | -184.3% | 2.9K% | — | -628.9% | -221.5% | -60.3% |
| Return on tangible assets | 132.4% | 117.7% | — | 239.1% | 79.9% | 59.3% |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Current ratio | 0.23 | 0.03 | — | 0.09 | 0.15 | 0.28 |
| Quick ratio | 0.23 | 0.03 | — | 0.09 | 0.15 | 0.28 |
| Debt / equity | — | — | — | 1.25 | 0.7 | 0.1 |
| Debt / assets | — | — | — | 0.18 | 0.16 | 0.07 |
| Net debt / EBITDA | — | — | — | -0.09 | -0.26 | -0.16 |
| Interest coverage | — | — | — | -165.1 | -20 | -35.6 |
| Effective tax rate | 0% | 0% | — | 0% | 0% | 0% |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | — | 0.03 | 0.06 | 0.1 |
| EPS (basic) | -0.04 | -0.04 | -0.35 | -10.2 | -1.97 | -1.97 |
| EPS (diluted) | -0.04 | -0.04 | -0.35 | -10.2 | -1.97 | -2.31 |
| Book value per share | 0.02 | -0 | — | 0.8 | 0.79 | 2.62 |
| FCF per share | -0.01 | -0 | — | -4.35 | -1.17 | -0.81 |
| Cash per share | 0 | 0 | — | 0.05 | 0.04 | 0.1 |
| Capex per share | — | — | — | 0.02 | 0 | 0 |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Capex / revenue | — | — | — | 53.1% | 0% | 0% |
| Capex / operating cash flow | — | — | — | -0.68% | 0% | 0% |
| Payout ratio | — | — | — | 0% | 0% | 0% |
| $7.4K |
| — |
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $0 | $0 | $49.8K | $0 | $50K | $0 | $10K | — | $60.1K | $200K | $104.3K | $160.1K |
| YoY change | — | — | +InfinityT% | 0% | +InfinityT% | — | -79.9% | — | +20.2% | +InfinityT% | +943.1% | — |
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 | FY21 | FY22 | FY24 | FY25 |
|---|---|---|---|---|
| Cash & short-term investments | 0 | 2K | 149.3K | 172.1K |
| Receivables | 0 | 1K | 30.9K | 250.1K |
| Inventory | — | — | — | — |
| Total current assets | 55K | 16.9K | 1.2M | 1.6M |
| Property, plant & equipment | — | — | 799.9K | 616.6K |
| Goodwill & intangibles | 1.4M | 1.2M | 32.2M | 26.1M |
| Total assets | 735K | 626.1K | 18.1M | 15.3M |
| Accounts payable | 215.8K | 580.7K | 6M | 5M |
| Short-term debt | — | — | 3M | 2.1M |
| Total current liabilities | 240.3K | 666.2K | 14.3M | 10.8M |
| Long-term debt | — | — | 335.8K | 309.8K |
| Total liabilities | 290.3K | 666.2K | 15.5M | 11.8M |
| Shareholders' equity | 444.7K | -40.1K | 2.6M | 3.5M |
| Total debt | — | — | 3.3M | 2.4M |
| Net debt | — | — | 3.2M | 2.2M |
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 | Q2 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 288.1K | — | — | — | — | — | 102.7K | 172.1K | 1.8M | 708.2K |
| Receivables | 0 | — | — | — | — | — | 50.1K | 250.1K | 130.4K | 829.1K |
| Inventory | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 412.5K | — | — | — | — | — | 1.8M | 1.6M | 3.6M | 2.6M |
| Property, plant & equipment | 182.8K | — | — | — | — | — | 449.8K | 616.6K | 561.6K | 1.2M |
| Goodwill & intangibles | 36.1M | — | — | — | — | — | 28.2M | 26.1M | 24.3M | 51.5M |
| Total assets | 18.8M | — | — | — | — | — | 16.4M | 15.3M | 16.3M | 30.7M |
| Accounts payable | 265.7K | — | — | — | — | — | 5M | 5M | 3.4M | 3.2M |
| Short-term debt | 892K | — | — | — | — | — | 3.7M | 2.1M | 1.1M | 1.4M |
| Total current liabilities | 1.8M | — | — | — | — | — | 12.3M | 10.8M | 8.3M | 9.3M |
| Long-term debt | 620K | — | — | — | — | — | 361.8K | 309.8K | 289.1K | 589.1K |
| Total liabilities | 2.4M | — | — | — | — | — | 12.9M | 11.8M | 9M | 11.3M |
| Shareholders' equity | 16.4M | — | — | — | — | — | 3.5M | 3.5M | 7.3M | 19.4M |
| Total debt | 1.5M | — | — | — | — | — | 4.1M | 2.4M | 1.4M | 2M |
| Net debt | 1.2M | — | — | — | — | — | 4M | 2.2M | -433.4K | 1.3M |
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 | FY21 | FY22 | FY24 | FY25 |
|---|---|---|---|---|
| Net income | -820.1K | -676K | -33.7M | -8.6M |
| Depreciation & amortization | 0 | 76.9K | 2.7M | 4M |
| Stock-based compensation | 203.9K | 18.8K | 1.8M | 822.4K |
| Change in working capital | 420.6K | 943.8K | 5.9M | 2.5M |
| Operating cash flow | -195.6K | 363.4K | -7.8M | -5.1M |
| Capital expenditure | — | — | -53K | 0 |
| Investing cash flow | 89 | -2.6K | -53K | 0 |
| Dividends paid | — | — | 0 | 0 |
| Share repurchases | — | — | — | — |
| Financing cash flow | — | — | 13.6M | 3.6M |
| Net change in cash | -195.5K | 360.8K | 5.8M | -1.5M |
| Free cash flow | -170.6K | -85.4K | -14.3M | -5.1M |
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 | Q2 23 | Q3 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -3.1M | -2.6M | -6.9M | -3M | -5.8M | -18M | -3.6M | — | -2.5M | -3.4M | -3.1M | -3.4M |
| Depreciation & amortization | 220.7K | 209.7K | 117.3K | 682.2K | 972.4K | 956.4K | 939.2K | — | 1.1M | 1.1M | 1M | 1.1M |
| Stock-based compensation | 1.8M | 443.3K | 407K | 855.1K | 319.7K | 232.3K | 369.6K | — | 209.9K | 114K | 112K | 112K |
| Change in working capital | -274.5K | 228K | 753.8K | 2.8M | 1.8M | 618.9K | 806.6K | — | 434.7K | 1.6M | -1.6M | -625.3K |
| Operating cash flow | -1.3M | -1.7M | -4.2M | 1.3M | -2.2M | -2.6M | -1.4M | — | -107.3K | 258K | -3.7M | -1.9M |
| Capital expenditure | -7.4K | -21.1K | -13K | -13.3K | -26.7K | 0 | 0 | — | — | — | -148.4K | -13K |
| Investing cash flow | -7.4K | -21.1K | -13K | -13.3K | -26.7K | 0 | 0 | — | — | — | -148.4K | -13K |
| Dividends paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — | 0 | 0 | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 61.3K | 2.7M | 7.2M | 2.2M | 1.8M | 2.5M | 1.3M | 988.5K | 632.6K | -1.6M | 996.5K | 8.9M |
| Net change in cash | -1.3M | 936.9K | 3M | 3.5M | -505.4K | -69.5K | -40.1K | 988.5K | 525.3K | -1.3M | -2.9M | 7M |
| Free cash flow | -1.5M | -1.9M | -4.7M | -4M | -3.2M | -2.4M | -2.7M | — | -550.2K | 819K | -3.9M | -1.9M |