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 % |
|---|---|---|---|---|---|---|
| FY24 | — | -$82.8 | — | — | $1.4M | — |
| FY23 | — | -$1.82 | — | — | $3.4M | — |
| FY22 | — | -$1.63 | — | — | $346K | — |
| FY21 | — | -$1.22 | — | — | $305K | — |
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 |
|---|---|---|---|---|
| Revenue | $305K | $346K | $3.4M | $1.4M |
| YoY change | — | +13.4% | +894.5% | -60.1% |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | Q1 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 |
|---|---|---|---|---|---|---|
| Revenue | $19K | $5K | $1.3M | $171K | $1.3M | $370K |
| YoY change | — | — | — | +800% | — | +7.3K% |
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 |
|---|---|---|---|---|
| Revenue | 305K | 346K | 3.4M | 1.4M |
| Cost of revenue | 880K | 734K | 4.8M | 1.5M |
| Gross profit | -575K | -388K | -1.4M | -93K |
| Gross margin | -188.5% | -112.1% | -40.8% | -6.77% |
| Research & development | 23.6M | 15.9M | 9.6M | 6.2M |
| Selling, general & administrative | 17.1M | 36.8M | 19.6M | 35.3M |
| Operating expenses | 40.7M | 52.7M | 29.3M | 41.5M |
| Operating income | -41.2M | -53M | -30.7M | -41.6M |
| Operating margin | -13.5K% | -15.3K% | -891% | -3K% |
| Non-operating income, net | 9.3M | 2.3M | -23.6M | -22.3M |
| Pretax income | -38.5M | -51.7M | -57.7M | -65.4M |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -38.5M | -51.7M | -57.7M | -65.4M |
| Net margin | -12.6K% | -14.9K% | -1.7K% | -4.8K% |
| EBITDA | -36M | -48M | -26.4M | -77.5M |
| EPS | -1.22 | -1.63 | -1.82 | -82.8 |
| Diluted EPS | -1.22 | -1.63 | -1.82 | -82.8 |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | Q1 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 |
|---|---|---|---|---|---|---|
| Revenue | 19K | 5K | 1.3M | 171K | 1.3M | 370K |
| Cost of revenue | 65K | 5K | 1.3M | 172K | 1.2M | 312K |
| Gross profit | -46K | 0 | -18K | -1K | 62K | 58K |
| Gross margin | -242.1% | 0% | -1.39% | -0.58% | 4.76% | 15.7% |
| Research & development | 413K | 3.5M | 1.4M | 925K | 690K | 420K |
| Selling, general & administrative | 4.8M | 16.7M | 5.1M | 4.5M | 4.2M | 4M |
| Operating expenses | 5.2M | 20.2M | 6.5M | 5.4M | 4.9M | 4.4M |
| Operating income | -5.3M | -20.2M | -6.5M | -5.4M | -4.8M | -4.4M |
| Operating margin | -27.7K% | -404.1K% | -504.4% | -3.2K% | -370% | -1.2K% |
| Non-operating income, net | -1M | 26.9M | 837K | -238K | 548K | -2.8M |
| Pretax income | -6.6M | 6.4M | -6.3M | -6M | -4.6M | -7.5M |
| Income tax | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income | -6.6M | 6.4M | -6.3M | -6M | -4.6M | -7.5M |
| Net margin | -34.7K% | 127.8K% | -484.1% | -3.5K% | -352% | -2K% |
| EBITDA | -6.3M | -32.2M | -6.6M | -5.2M | -4.8M | -4M |
| EPS | -4.17 | 6.4 | -3.8 | -3 | -2.2 | -2.7 |
| Diluted EPS | -4.17 | 6.4 | -3.8 | -3 | -2.2 | -2.7 |
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 |
|---|---|---|---|---|
| Cash & short-term investments | 57M | 22.9M | 894K | 3.5M |
| Receivables | — | — | 0 | 870K |
| Inventory | 63K | 0 | 235K | 1.8M |
| Total current assets | 62.6M | 26.1M | 4.7M | 8.7M |
| Property, plant & equipment | 39.5M | 39.9M | 0 | 21K |
| Goodwill & intangibles | — | — | — | — |
| Total assets | 104.9M | 77.8M | 24.3M | 12.2M |
| Accounts payable | 1.3M | 969K | 1.8M | 413K |
| Short-term debt | 4M | 3.6M | 18.1M | — |
| Total current liabilities | 8M | 5.5M | 27.3M | 6.8M |
| Long-term debt | 25.1M | 51.2M | 15.4M | 13.2M |
| Total liabilities | 372.9M | 396.3M | 136.8M | 20.8M |
| Shareholders' equity | -268M | -318.4M | -112.5M | -8.6M |
| Total debt | 29.1M | 54.7M | 33.5M | 13.2M |
| Net debt | -27.9M | 31.8M | 32.6M | 9.7M |
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 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 |
|---|---|---|---|---|---|
| Cash & short-term investments | 6.5M | 3.5M | 984K | 974K | 4.7M |
| Receivables | — | 870K | 993K | 697K | 167K |
| Inventory | 3M | 1.8M | 1.6M | 346K | 1M |
| Total current assets | 12.4M | 8.7M | 5.1M | 3.2M | 7.3M |
| Property, plant & equipment | — | 21K | 33K | 32K | 30K |
| Goodwill & intangibles | — | — | — | — | — |
| Total assets | 15.9M | 12.2M | 8.8M | 6.8M | 11.1M |
| Accounts payable | 378K | 413K | 780K | 2.5M | 2.3M |
| Short-term debt | — | — | — | — | — |
| Total current liabilities | 5.8M | 6.8M | 7.2M | 8.7M | 10.6M |
| Long-term debt | 13.3M | 13.2M | 13.1M | 13M | 12.9M |
| Total liabilities | 21.1M | 20.8M | 21.2M | 22M | 23.9M |
| Shareholders' equity | -5.2M | -8.6M | -12.4M | -15.2M | -12.7M |
| Total debt | 13.3M | 13.2M | 13.1M | 13M | 12.9M |
| Net debt | 6.8M | 9.7M | 12.1M | 12M | 8.2M |
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 | Current |
|---|---|---|---|---|---|
| Market cap | — | — | — | — | 21.8K |
| Enterprise value | — | — | — | — | 8.2M |
| Shares outstanding | 31.7M | 31.7M | 31.7M | 789.3K | 789.3K |
| Metric | FY21 | FY22 | FY23 | FY24 | Current |
|---|---|---|---|---|---|
| P/E | — | — | — | — | 0 |
| P/S | — | — | — | — | 0.01 |
| P/B | — | — | — | — | -0 |
| EV/EBITDA | — | — | — | — | -0.39 |
| EV/Sales | — | — | — | — | 2.6 |
| Earnings yield | — | — | — | — | 596.4K% |
| FCF yield | — | — | — | — | 9.8K% |
| PEG | — | — | — | — | -0 |
| Metric | FY21 | FY22 | FY23 | FY24 | Current |
|---|---|---|---|---|---|
| Gross margin | -188.5% | -112.1% | -40.8% | -6.77% | 15.7% |
| Operating margin | -13.5K% | -15.3K% | -891% | -3K% | -1.2K% |
| Net margin | -12.6K% | -14.9K% | -1.7K% | -4.8K% | -6.77% |
| ROE | 14.4% | 16.2% | 51.3% | 759.5% | 759.5% |
| ROA | -36.7% | -66.4% | -237.8% | -534.7% | -97.5% |
| ROIC | 13.9% | 18.5% | 38.4% | -3.9K% | 460.7% |
| Return on tangible assets | -36.7% | -66.4% | -237.8% | -534.7% | -218.1% |
| Metric | FY21 | FY22 | FY23 | FY24 | Current |
|---|---|---|---|---|---|
| Current ratio | 7.79 | 4.72 | 0.17 | 1.28 | 0.69 |
| Quick ratio | 7.79 | 4.72 | 0.16 | 1.02 | 0.59 |
| Debt / equity | -0.11 | -0.17 | -0.3 | -1.53 | -0.01 |
| Debt / assets | 0.28 | 0.7 | 1.38 | 1.08 | 1.16 |
| Net debt / EBITDA | 0.78 | -0.66 | -1.24 | -0.12 | -0.4 |
| Interest coverage | -4.85 | -55.6 | -15.5 | -42.5 | -14.9 |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% |
| Metric | FY21 | FY22 | FY23 | FY24 | Current |
|---|---|---|---|---|---|
| Revenue per share | 0.01 | 0.01 | 0.11 | 1.74 | 1.52 |
| EPS (basic) | -1.22 | -1.63 | -1.82 | -82.8 | -82.8 |
| EPS (diluted) | -1.22 | -1.63 | -1.82 | -82.8 | 29.8 |
| Book value per share | -8.47 | -10.1 | -3.55 | -10.9 | -3.44 |
| FCF per share | -1.53 | -2.02 | -0.95 | -20.5 | -1.94 |
| Cash per share | 1.8 | 0.72 | 0.03 | 4.45 | 1.09 |
| Capex per share | 0.39 | 0.26 | 0.02 | 0.03 | 0.01 |
| Metric | FY21 | FY22 | FY23 | FY24 | Current |
|---|---|---|---|---|---|
| Capex / revenue | 4K% | 2.3K% | 19.7% | 1.68% | 0.54% |
| Capex / operating cash flow | -43.1% | -15.4% | -1.36% | -0.71% | -0.16% |
| Payout ratio | — | — | — | — | 0% |
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 |
|---|---|---|---|---|
| Net income | -38.5M | -51.7M | -57.7M | -65.4M |
| Depreciation & amortization | 4.3M | 3.8M | 2.1M | 2K |
| Stock-based compensation | 1.7M | 1.2M | 643K | 18.2M |
| Change in working capital | -3.5M | -5.8M | 1.3M | -3.2M |
| Operating cash flow | -28.3M | -52.5M | -49.8M | -3.3M |
| Capital expenditure | -12.2M | -8.1M | -678K | -23K |
| Investing cash flow | 8.5M | -8.1M | -678K | -23K |
| Dividends paid | — | — | — | — |
| Share repurchases | — | — | — | — |
| Financing cash flow | 68.3M | 29.7M | 5.6M | 15.6M |
| Net change in cash | 48.5M | -30.9M | -44.9M | 12.4M |
| Free cash flow | -48.5M | -64M | -30.2M | -16.2M |
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 | Q1 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 |
|---|---|---|---|---|---|---|
| Net income | -6.6M | 6.4M | -6.3M | -6M | -4.6M | -7.5M |
| Depreciation & amortization | 0 | 1K | 0 | 1K | 0 | 2K |
| Stock-based compensation | 98K | 14.9M | 3M | 2.1M | 1.6M | 1.5M |
| Change in working capital | -242K | -1.1M | 1.1M | -920K | 3M | 1M |
| Operating cash flow | -2.9M | 32.8M | -1.6M | -4.4M | -101K | -4.6M |
| Capital expenditure | -13K | -10K | 0 | -14K | 2K | -1K |
| Investing cash flow | -13K | -10K | 0 | -14K | 2K | -1K |
| Dividends paid | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — |
| Financing cash flow | 4.5M | 2.6M | -1.1M | -47K | 0 | 3.6M |
| Net change in cash | 1.6M | 35.5M | -2.7M | -4.5M | -99K | -1.1M |
| Free cash flow | -4.5M | -6M | -2.8M | -2.5M | -387K | 300K |