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 | -$0.28 | -$0.26 | +7.1% | — | $0 | — |
| Q1 26 | -$0.28 | -$0.14 | +50.0% | — | $0 | — |
| Q4 25 | -$0.34 | -$0.27 | +20.6% | — | $0 | — |
| Q3 25 | -$0.39 | -$0.24 | +38.5% | — | $0 | — |
| Q2 25 | -$0.33 | -$0.52 | -57.6% | — | $0 | — |
| Q1 25 | -$0.36 | -$0.49 | -36.1% | — | $0 | — |
| Q4 24 | -$0.37 | -$0.2 | +45.9% | — | $0 | — |
| Q3 24 | -$0.44 | -$0.21 | +52.3% | — | $15M | — |
| Q2 24 | -$0.41 | -$0.43 | -4.9% | — | $0 | — |
| Q1 24 | -$0.61 | -$0.4 | +34.4% | — | $0 | — |
| Q4 23 | -$0.56 | -$0.45 | +19.6% | — | $0 | — |
| Q3 23 | -$0.53 | -$0.37 | +30.2% | — | $0 | — |
| Q2 23 | -$0.59 | -$0.62 | -5.1% | — | $334K | — |
| Q1 23 | -$0.58 | -$0.48 | +17.2% | — | $468K | — |
| Q4 22 | -$0.43 | -$0.57 | -32.6% | — | $6.5M | — |
| Q3 22 | -$0.52 | $0.22 | +142.3% | — | $6.2M | — |
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 | — | -$1.64 | — | — | $0 | — |
| FY24 | — | -$1.55 | — | — | $15M | — |
| FY23 | — | -$1.91 | — | — | $802K | — |
| FY22 | — | $0.14 | — | — | $44.7M | — |
| FY21 | — | -$1.96 | — |
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 | $4.8M | $268K | $44.7M | $802K | $15M | $0 |
| YoY change | — | -94.4% | +16.6K% | -98.2% | +1.8K% | -100% |
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 | 4.8M | 268K | 44.7M | 802K | 15M | 0 |
| Cost of revenue | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — |
| Research & development | 11.1M | 16.4M | 41.1M | 41.4M | 38.3M | 23.6M |
| Selling, general & administrative | 10.5M | 25.1M | 6.4M | 39.8M | 29.7M | 40.8M |
| Operating expenses | 21.6M | 41.5M | 47.5M | 81.3M | 66.7M | 63.9M |
| Operating income | -16.8M | -41.2M | -2.8M | -80.5M | -51.8M | -63.9M |
| Operating margin | -347.8% | -15.4K% | -6.27% | -10K% | -345.9% | — |
| Non-operating income, net | 2.5M | -7.3M | 567K | 1.1M | -12.1M | -4.7M |
| Pretax income | -17.8M | -51.1M | 850K | -76.5M | -61.2M | -66.6M |
| Income tax | 95K | -28K | -4.5M | -3.1M | -44K | -175K |
| Net income | -17.9M | -51.1M | 5.3M | -73.4M | -61.2M | -66.5M |
| Net margin | -372% | -19.1K% | 11.9% | -9.2K% | -408.7% | — |
| EBITDA | -16.5M | -40.3M | 5.2M | -71.1M | -43.2M | -56.1M |
| EPS | -371.6 | -1.96 | 0.14 | -1.91 | -1.55 | -1.64 |
| Diluted EPS | -371.6 | -1.96 | 0.14 | -1.91 | -1.55 | -1.64 |
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 | 15M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Research & development | 13.9M | 5.8M | 10.5M | 11M | 10.5M | 6.2M | 8M | 6.6M | 5.2M | 3.8M | 3.4M | 3.9M |
| Selling, general & administrative | 961K | 13.6M | 6M | 7.2M | 13.4M | 3.1M | 12.6M | 15.4M | 5.2M | 7.6M | 2.5M | 7.1M |
| Operating expenses | 14.9M | 19.4M | 16.3M | 17.6M | 23.7M | 9.1M | 20.3M | 22M | 10.2M | 11.4M | 5.9M | 11M |
| Operating income | -14.9M | -19.4M | -16.3M | -17.6M | -8.8M | -9.1M | -20.3M | -22M | -10.2M | -11.4M | -5.9M | -11M |
| Operating margin | — | — | — | — | -58.6% | — | — | — | — | — | — | — |
| Non-operating income, net | -2K | 774K | — | 20K | 26K | -12.1M | 75K | 320K | -4.9M | -104K | 39K | 26K |
| Pretax income | -14.7M | -18.1M | -15.6M | -16.9M | -8.1M | -20.6M | -19.7M | -21.2M | -14.6M | -11.2M | -5.5M | -10.6M |
| Income tax | -603K | -820K | -37K | -7K | -3K | 3K | -22K | -25K | -71K | -57K | -16K | -23K |
| Net income | -14.1M | -17.3M | -15.5M | -16.9M | -8.1M | -20.6M | -19.7M | -21.1M | -14.6M | -11.1M | -5.5M | -10.6M |
| Net margin | — | — | — | — | -54.3% | — | — | — | — | — | — | — |
| EBITDA | -13.2M | -16.7M | -14.1M | -15.5M | -6.6M | -19.1M | -17.6M | -19.1M | -9.1M | -10.2M | -4.7M | -9.8M |
| EPS | -0.37 | — | -0.4 | -0.43 | -0.21 | — | -0.49 | -0.52 | -0.36 | — | -0.14 | -0.26 |
| Diluted EPS | -0.37 | — | -0.4 | -0.43 | -0.21 | — | -0.49 | -0.52 | -0.36 | — | -0.14 | -0.26 |
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 | — | — | — | — | 141.6M | 47.5M | 28.4M | 30.2M |
| Enterprise value | — | — | — | — | 12.5M | -51.1M | -30.8M | -18.7M |
| Shares outstanding | — | 47.6K | 25.9M | 37.2M | 38.4M | 39.3M | 40.5M | 40.5M |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | -0.45 |
| P/S | — | — | — | — | 176.6 | 3.18 | — | — |
| P/B | — | — | — | — | 0.76 | 0.37 | 0.38 | 0.53 |
| EV/EBITDA | — | — | — | — | -0.18 | 1.18 | 0.55 | 0.6 |
| EV/Sales | — | — | — | — | 15.6 | -3.42 | — | — |
| Earnings yield | — | — | — | — | — | — | — | -221.6% |
| FCF yield | — | — | — | — | -39.8% | -62.8% | -169.3% | -20.4% |
| PEG | — | — | — | — | — | — | — | 0.01 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | -347.8% | -15.4K% | -6.27% | -10K% | -345.9% | — | 0% |
| Net margin | — | -372% | -19.1K% | 11.9% | -9.2K% | -408.7% | — | 0% |
| ROE | — | 48.6% | -20.2% | 2.19% | -39.3% | -47% | -89.5% | -52.4% |
| ROA | — | -35.4% | -18.2% | 1.97% | -34.2% | -38.2% | -67.7% | -19% |
| ROIC | — | 49.6% | -90.1% | -4.86% | -139% | -164.5% | -422.6% | -473.5% |
| Return on tangible assets | — | -35.4% | -26.5% | 2.81% | -52.5% | -52.5% | -79.2% | -60.7% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Current ratio | — | 6.27 | 20.3 | 17.4 | 12.5 | 8.03 | 7.77 | 5.54 |
| Quick ratio | — | 6.27 | 20.3 | 17.4 | 12.5 | 8.03 | 7.77 | 5.54 |
| Debt / equity | — | -1.26 | 0.03 | 0.04 | 0.07 | 0.09 | 0.15 | 0.18 |
| Debt / assets | — | 0.92 | 0.03 | 0.03 | 0.06 | 0.07 | 0.11 | 0.13 |
| Net debt / EBITDA | — | -0.19 | 5.13 | -35.7 | 1.82 | 2.29 | 1.06 | 1.45 |
| Interest coverage | — | -3.96 | -18.2 | 45.7 | -2.7K | -1.2K | -1.3K | -791 |
| Effective tax rate | — | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Revenue per share | — | 101.2 | 0.01 | 1.2 | 0.02 | 0.38 | 0 | 0 |
| EPS (basic) | — | -371.6 | -1.96 | 0.14 | -1.91 | -1.55 | -1.64 | -1.64 |
| EPS (diluted) | — | -371.6 | -1.96 | 0.14 | -1.91 | -1.55 | -1.64 | -1.02 |
| Book value per share | — | -774.7 | 9.75 | 6.53 | 4.87 | 3.31 | 1.83 | 1.4 |
| FCF per share | — | -237.6 | -1.3 | -0.55 | -1.47 | -0.76 | -1.18 | -0.65 |
| Cash per share | — | 908.1 | 8.27 | 5.22 | 3.7 | 2.81 | 1.74 | 1.45 |
| Capex per share | — | 6.15 | 0.04 | 0.15 | 0.14 | 0.02 | — | — |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Capex / revenue | — | 6.08% | 427.6% | 12.9% | 674.9% | 5.96% | — | — |
| Capex / operating cash flow | — | -3.22% | -2.84% | 47% | -8.64% | -1.79% | — | — |
| Payout ratio | — | — | — | — | — | — | — | 0% |
| — |
| $268K |
| — |
| FY20 | — | -$371.6 | — | — | $4.8M | — |
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $0 | $0 | $0 | $0 | $15M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| YoY change | -100% | -100% | -100% | -100% | +InfinityT% | 0% | 0% | 0% | -100% | 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 | 11.4M | 43.3M | 214.1M | 194.4M | 142.1M | 110.7M | 70.5M |
| Receivables | 991.4K | 518K | 20K | 5.8M | 0 | — | — |
| Inventory | — | — | — | — | — | — | — |
| Total current assets | 16.2M | 47.9M | 226.8M | 213M | 156.9M | 125.7M | 77.8M |
| Property, plant & equipment | 2.8M | 2.8M | 9.1M | 15.7M | 19.4M | 11.8M | 5.2M |
| Goodwill & intangibles | — | 0 | 88.1M | 81M | 74.6M | 43.9M | 14.3M |
| Total assets | 19M | 50.7M | 280.7M | 270.2M | 214.5M | 160.3M | 98.2M |
| Accounts payable | 3.9M | 4.7M | 2.4M | 3.7M | 1.6M | 2.5M | 350K |
| Short-term debt | 172K | 192K | 682K | 433K | 1.8M | 1.9M | 2M |
| Total current liabilities | 5.8M | 7.6M | 11.2M | 12.2M | 12.6M | 15.7M | 10M |
| Long-term debt | 1.6M | 46.2M | 6.5M | 8.3M | 11.2M | 10.1M | 9.3M |
| Total liabilities | 41.1M | 87.6M | 28.2M | 27M | 27.5M | 30.2M | 23.9M |
| Shareholders' equity | -22.1M | -36.9M | 252.6M | 243.2M | 187M | 130.1M | 74.3M |
| Total debt | 1.8M | 46.4M | 7.2M | 8.8M | 13M | 12M | 11.3M |
| Net debt | -9.7M | 3.1M | -206.8M | -185.6M | -129.1M | -98.7M | -59.2M |
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 | 160.3M | 142.1M | 130M | 117.8M | 106.1M | 110.7M | 99.1M | 86.3M | 74.3M | 70.5M | 65.9M | 59.3M |
| Receivables | 0 | 0 | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 171.1M | 156.9M | 143.1M | 131.9M | 134.7M | 125.7M | 109.9M | 100.4M | 86.8M | 77.8M | 72.7M | 63.3M |
| Property, plant & equipment | 19.7M | 19.4M | 18.9M | 18.2M | 18.2M | 11.8M | 10.1M | 7.8M | 6.6M | 5.2M | 4.9M | 4.7M |
| Goodwill & intangibles | 76.2M | 74.6M | 73.1M | 71.5M | 69.9M | 43.9M | 42.3M | 40.7M | 29.8M | 14.3M | 27.3M | 13M |
| Total assets | 230M | 214.5M | 199.5M | 186.7M | 188.7M | 160.3M | 142M | 129.6M | 109.2M | 98.2M | 92.1M | 81.9M |
| Accounts payable | 5.1M | 1.6M | 1.2M | 2.6M | 3.1M | 2.5M | 1.4M | 1.8M | 698K | 350K | 993K | 535K |
| Short-term debt | 1.5M | 1.8M | 1.9M | 1.9M | 2M | 1.9M | 2M | 2M | 2M | 2M | 2M | 1.7M |
| Total current liabilities | 18.6M | 12.6M | 12.8M | 15.6M | 15.1M | 15.7M | 12M | 12.7M | 10.8M | 10M | 12M | 11.4M |
| Long-term debt | 11.2M | 11.2M | 10.9M | 10.7M | 10.7M | 10.1M | 10M | 10M | 9.6M | 9.3M | 9M | 8.6M |
| Total liabilities | 34.4M | 27.5M | 27.5M | 30M | 29.2M | 30.2M | 26.4M | 27.1M | 24.6M | 23.9M | 25.7M | 24.8M |
| Shareholders' equity | 195.6M | 187M | 172M | 156.8M | 159.5M | 130.1M | 115.6M | 102.5M | 84.6M | 74.3M | 66.5M | 57.1M |
| Total debt | 12.7M | 13M | 12.8M | 12.6M | 12.7M | 12M | 11.9M | 12M | 11.6M | 11.3M | 11M | 10.3M |
| Net debt | -147.6M | -129.1M | -117.2M | -105.2M | -93.4M | -98.7M | -87.2M | -74.3M | -62.7M | -59.2M | -54.9M | -49M |
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 | -17.9M | -51.1M | 5.3M | -73.4M | -61.2M | -66.5M |
| Depreciation & amortization | 208K | 602K | 4.3M | 5.4M | 5.8M | 5.8M |
| Stock-based compensation | 3.6M | 16.5M | 9.9M | 5.1M | 4.7M | 468K |
| Change in working capital | 1.4M | -7.4M | -4.1M | 2M | -1.5M | 1.7M |
| Operating cash flow | -9.1M | -40.4M | 12.2M | -62.6M | -49.9M | -48M |
| Capital expenditure | -293K | -1.1M | -5.8M | -5.4M | -892K | — |
| Investing cash flow | -293K | -12.9M | -5.8M | -5.4M | -892K | — |
| Dividends paid | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — |
| Financing cash flow | 41.4M | 222.7M | 166K | 1.9M | 2.2M | 0 |
| Net change in cash | 32M | 169.5M | 6.7M | -66.2M | -48.6M | -48M |
| Free cash flow | -11.3M | -33.7M | -20.6M | -56.3M | -29.8M | -48M |
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 | -14.1M | -17.3M | -15.5M | -16.9M | -8.1M | -20.6M | -19.7M | -21.1M | -14.6M | -11.1M | -5.5M | -10.6M |
| Depreciation & amortization | 1.5M | 1.4M | 1.4M | 1.5M | 1.5M | 1.4M | 2M | 2M | 901K | 909K | 856K | 820K |
| Stock-based compensation | 57K | 786K | 1.6M | 1.2M | 1.1M | 755K | 468K | -281K | -415K | 696K | 556K | 433K |
| Change in working capital | 1.2M | -4.1M | 233K | 1.1M | -14.4M | 11.6M | 2.3M | -1.4M | -1.8M | 2.6M | -898K | -1.5M |
| Operating cash flow | -12M | -19.5M | -11.8M | -12.8M | -20M | -5.3M | -14M | -18.1M | -10.7M | -4.2M | -3.4M | -8.1M |
| Capital expenditure | -36K | 153K | -308K | -192K | -114K | -278K | -5K | — | — | — | — | — |
| Investing cash flow | -36K | 153K | -308K | -192K | -114K | -278K | -5K | — | — | — | — | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 46K | 109K | 503K | 358K | 465K | 837K | 0 | 0 | 0 | 0 | — | — |
| Net change in cash | -12M | -19.3M | -11.7M | -12.6M | -19.6M | -4.7M | -14M | -18.1M | -10.7M | -4.2M | -3.4M | -8.1M |
| Free cash flow | -11.2M | -19.4M | -12.1M | -12.2M | -18.3M | 12.8M | -14.9M | -18.1M | -10.7M | -4.2M | -3.4M | -8.1M |