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 | -$0.58 | -$1.06 | -82.8% | — | $0 | — |
| Q1 26 | -$0.56 | -$0.6 | -7.1% | — | $0 | — |
| Q4 25 | -$0.52 | -$0.58 | -11.5% | — | $0 | — |
| Q3 25 | -$0.58 | -$0.62 | -6.9% | — | $0 | — |
| Q2 25 | -$0.65 | -$0.7 | -7.7% | — | $0 | — |
| Q1 25 | -$0.73 | -$0.71 | +2.7% | — | $0 | — |
| Q4 24 | -$0.78 | -$0.74 | +5.1% | — | $0 | — |
| Q3 24 | -$0.74 | -$0.74 | 0.0% | — | $0 | — |
| Q2 24 | -$0.81 | -$0.77 | +4.9% | — | $0 | — |
| Q1 24 | -$0.45 | -$12.3 | -2626.7% | — | $0 | — |
| Q3 19 | -$1.07 | -$1 | +6.5% | — | — | — |
| Q2 19 | -$1.04 | -$1.01 | +2.9% | — | — | — |
| Q1 19 | -$0.89 | -$1.13 | -27.0% | — | — | — |
| Q4 18 | -$0.91 | -$0.84 | +7.7% | — | — | — |
| Q3 18 | -$0.88 | -$0.97 | -10.2% | — | — | — |
| Q2 18 | -$0.78 | -$0.85 | -9.0% | — | — | — |
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 | — | -$2.6 | — | — | $0 | — |
| FY24 | — | -$3.85 | — | — | $0 | — |
| FY23 | — | -$3.53 | — | — | $0 | — |
| FY22 | — | -$3.28 | — | — | $0 | — |
| FY21 | — | -$1.8 | — | — | $0 |
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 | $0 | $0 | $0 | $0 | $0 |
| YoY change | — | 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 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 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 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — |
| Gross profit | — | — | — | — | — |
| Gross margin | — | — | — | — | — |
| Research & development | 19.3M | 37.2M | 42.6M | 55.3M | 44.8M |
| Selling, general & administrative | 6M | 9.3M | 12.2M | 18M | 18.7M |
| Operating expenses | 25.3M | 46.5M | 54.8M | 73.3M | 63.6M |
| Operating income | -25.3M | -46.5M | -54.8M | -73.3M | -63.6M |
| Operating margin | — | — | — | — | — |
| Non-operating income, net | -5K | -100K | 80K | 12K | -2K |
| Pretax income | -25.2M | -45.9M | -49.4M | -65.4M | -58.2M |
| Income tax | — | — | — | — | — |
| Net income | -25.2M | -45.9M | -49.4M | -65.4M | -58.2M |
| Net margin | — | — | — | — | — |
| EBITDA | -24.6M | -45.5M | -53.8M | -72.2M | -62.3M |
| EPS | -1.8 | -3.28 | -3.53 | -3.85 | -2.6 |
| Diluted EPS | -1.8 | -3.28 | -3.53 | -3.85 | -2.6 |
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 | 11.6M | 10.4M | 13.1M | 14.7M | 14.1M | 13.3M | 12.1M | 12.2M | 10.7M | 9.8M | 9.7M | 14M |
| Selling, general & administrative | 3.3M | 3.4M | 3.8M | 4.7M | 4.6M | 5M | 5.2M | 4.8M | 4.5M | 4.2M | 4.7M | 10.4M |
| Operating expenses | 15M | 13.8M | 16.9M | 19.4M | 18.7M | 18.3M | 17.3M | 17.1M | 15.1M | 14M | 14.5M | 24.4M |
| Operating income | -15M | -13.8M | -16.9M | -19.4M | -18.7M | -18.3M | -17.3M | -17.1M | -15.1M | -14M | -14.5M | -24.4M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | 32K | 32K | 32K | 33K | 32K | -85K | -2K | — | — | 0 | — | 1K |
| Pretax income | -13.2M | -12.1M | -15.4M | -17M | -16.5M | -16.4M | -15.8M | -15.7M | -13.9M | -12.9M | -13.6M | -23.7M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — |
| Net income | -13.2M | -12.1M | -15.4M | -17M | -16.5M | -16.4M | -15.8M | -15.7M | -13.9M | -12.9M | -13.6M | -23.7M |
| Net margin | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -14.7M | -13.5M | -16.6M | -19.1M | -18.5M | -18M | -17M | -16.7M | -14.8M | -13.7M | -14.2M | -23.1M |
| EPS | -0.59 | — | -12.3 | -0.77 | -0.74 | — | -0.71 | -0.7 | -0.62 | -0.58 | -0.6 | -1.06 |
| Diluted EPS | -0.59 | — | -12.3 | -0.77 | -0.74 | — | -0.71 | -0.7 | -0.62 | -0.58 | -0.6 | -1.06 |
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 | — | — | — | — | — | 59.4M |
| Enterprise value | — | — | — | — | — | -13.3M |
| Shares outstanding | 14M | 14M | 14M | 17M | 22.4M | 22.4M |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | 0.15 |
| P/B | — | — | — | — | — | 0.89 |
| EV/EBITDA | — | — | — | — | — | 0.21 |
| Earnings yield | — | — | — | — | — | 648% |
| FCF yield | — | — | — | — | — | -51.5% |
| PEG | — | — | — | — | — | 0 |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | 0% |
| Net margin | — | — | — | — | — | 0% |
| ROE | 66% | 56.2% | 38.9% | -43.4% | -59% | -67.9% |
| ROA | -22.2% | -59.7% | -38.1% | -31.7% | -37.1% | -32.8% |
| Return on tangible assets | -22.2% | -59.7% | -38.1% | -31.7% | -37.1% | -86.8% |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Current ratio | 19.3 | 8.8 | 13.3 | 19 | 8.74 | 9.48 |
| Quick ratio | 19.3 | 8.8 | 13.3 | 19 | 8.74 | 9.48 |
| Debt / equity | -0.01 | -0.06 | -0.02 | 0.32 | 0.5 | 0 |
| Debt / assets | 0 | 0.07 | 0.02 | 0.23 | 0.31 | 0 |
| Net debt / EBITDA | 2.95 | 1.35 | 2.2 | 1.45 | 0.94 | 1.1 |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (basic) | -1.8 | -3.28 | -3.53 | -3.85 | -2.6 | -2.6 |
| EPS (diluted) | -1.8 | -3.28 | -3.53 | -3.85 | -2.6 | -2.8 |
| Book value per share | -2.73 | -5.84 | -9.08 | 8.87 | 4.41 | 2.94 |
| FCF per share | -1.81 | -2.91 | -3.39 | -3.73 | -2.11 | -2.53 |
| Cash per share | 5.22 | 4.77 | 8.63 | 8.96 | 4.81 | 3.19 |
| Capex per share | 0.15 | 0.08 | 0.05 | 0.15 | — | — |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Capex / operating cash flow | -8.69% | -2.52% | -1.4% | -4.51% | — | — |
| Payout ratio | — | — | — | — | — | 0% |
| — |
| 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 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash & short-term investments | 73M | 66.7M | 120.8M | 152.1M | 107.6M |
| Receivables | — | — | — | — | — |
| Inventory | — | — | — | — | — |
| Total current assets | 74.6M | 68M | 124.2M | 154.4M | 109.6M |
| Property, plant & equipment | 3.1M | 7.7M | 4.6M | 51.4M | 46.9M |
| Goodwill & intangibles | — | — | — | — | — |
| Total assets | 113.7M | 76.8M | 129.9M | 206.4M | 157.1M |
| Accounts payable | 1.1M | 1.4M | 2.2M | 1.3M | 1.5M |
| Short-term debt | 377K | 2.3M | 2.2M | — | 3.2M |
| Total current liabilities | 3.9M | 7.7M | 9.4M | 8.1M | 12.5M |
| Long-term debt | 0 | 2.8M | 0 | 47.6M | 45.9M |
| Total liabilities | 151.9M | 158.5M | 257M | 55.8M | 58.4M |
| Shareholders' equity | -38.2M | -81.7M | -127.1M | 150.6M | 98.7M |
| Total debt | 377K | 5.2M | 2.2M | 47.6M | 49M |
| Net debt | -33.9M | -5.8M | -21.5M | 21M | 31.2M |
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 | 132.7M | 120.8M | 104.9M | 179.3M | 167.1M | 152.1M | 138.3M | 127.1M | 117.6M | 107.6M | 92.8M | 72.6M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 135.9M | 124.2M | 112.2M | 183.1M | 170.4M | 154.4M | 140.4M | 129.7M | 120.2M | 109.6M | 94.6M | 73.6M |
| Property, plant & equipment | 6.7M | 4.6M | 3.8M | 4.5M | 4.1M | 51.4M | 50.3M | 49.2M | 48M | 46.9M | 45.8M | 97K |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 143.7M | 129.9M | 117.1M | 188.2M | 175.1M | 206.4M | 191.2M | 179.5M | 168.7M | 157.1M | 141M | 73.7M |
| Accounts payable | 809K | 2.2M | 2.9M | 1.7M | 2.5M | 1.3M | 1.4M | 2.3M | 1.1M | 1.5M | 2M | 1.1M |
| Short-term debt | 2.6M | 2.2M | 1.5M | 837K | 121K | — | 262K | 2M | 3.1M | 3.2M | 3.3M | — |
| Total current liabilities | 10.4M | 9.4M | 10.6M | 9M | 10M | 8.1M | 6.3M | 9.2M | 11.8M | 12.5M | 9.6M | 7.8M |
| Long-term debt | 1.8M | 0 | — | — | — | 47.6M | 48.3M | 47.5M | 46.7M | 45.9M | 45M | 0 |
| Total liabilities | 259.8M | 257M | 258.3M | 9M | 10M | 55.8M | 54.6M | 56.8M | 58.6M | 58.4M | 54.6M | 7.8M |
| Shareholders' equity | -116M | -127.1M | -141.2M | 179.2M | 165.1M | 150.6M | 136.6M | 122.7M | 110.2M | 98.7M | 86.4M | 66M |
| Total debt | 4.4M | 2.2M | 1.5M | 837K | 121K | 47.6M | 48.6M | 49.5M | 49.8M | 49M | 48.3M | 0 |
| Net debt | -16.6M | -21.5M | -23.6M | -30.5M | -40.1M | 21M | 33.5M | 34.8M | 34.8M | 31.2M | 30.8M | -20.2M |
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 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Net income | -25.2M | -45.9M | -49.4M | -65.4M | -58.2M |
| Depreciation & amortization | 682K | 942K | 957K | 1.1M | 1.3M |
| Stock-based compensation | 1.2M | 2.3M | 3.3M | 7.5M | 6.1M |
| Change in working capital | -459K | -1.3M | -2.5M | -2.2M | 1.5M |
| Operating cash flow | -23.4M | -42.2M | -45.3M | -56.3M | -46.7M |
| Capital expenditure | -2M | -1.1M | -633K | -2.5M | — |
| Investing cash flow | -59.3M | 16.1M | -38.3M | -26.1M | 38.3M |
| Dividends paid | — | — | — | — | — |
| Share repurchases | — | — | — | — | — |
| Financing cash flow | 105.3M | 0 | 97.7M | 89.7M | 0 |
| Net change in cash | 22.6M | -26.1M | 14.2M | 7.3M | -8.3M |
| Free cash flow | -25.3M | -40.7M | -47.5M | -63.4M | -47.2M |
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 | -13.2M | -12.1M | -15.4M | -17M | -16.5M | -16.4M | -15.8M | -15.7M | -13.9M | -12.9M | -13.6M | -23.7M |
| Depreciation & amortization | 235K | 247K | 263K | 265K | 262K | 296K | 317K | 317K | 310K | 307K | 284K | 1.3M |
| Stock-based compensation | 883K | 911K | 1.3M | 2.1M | 2M | 2M | 1.8M | 1.7M | 1.3M | 1.3M | 1.4M | 3.2M |
| Change in working capital | -657K | -816K | -672K | -686K | -716K | -77K | 942K | 936K | 333K | -715K | -747K | -11.7M |
| Operating cash flow | -12.1M | -11.1M | -13.9M | -14.6M | -14.3M | -13.5M | -11.8M | -11.8M | -10.2M | -10.1M | -15M | -21M |
| Capital expenditure | -151K | -268K | -83K | -1.5M | -483K | -466K | -59K | — | — | — | — | — |
| Investing cash flow | -7.7M | 15.8M | 18.1M | -68.2M | 22.1M | 1.8M | 3.1M | 11.3M | 10.5M | 13.4M | 14.6M | 23.1M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | -533K | -1.4M | -983K | -2.4M | -13K | 0 | — | — | 0 | 0 | — | — |
| Net change in cash | -20.4M | 3.3M | 3.3M | -85.2M | 7.8M | -11.6M | -8.8M | -489K | 298K | 3.3M | -377K | 2.1M |
| Free cash flow | -12.3M | -12M | -15.9M | -17.7M | -13.7M | -16M | -14.6M | -11.9M | -10.2M | -10.5M | -15M | -21M |