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 % |
|---|---|---|---|---|---|---|
| Q4 22 | — | -$1.42 | — | — | $0 | — |
| Q3 22 | -$1.93 | -$2.01 | -4.1% | — | $0 | — |
| Q2 22 | -$2.65 | -$1.59 | +40.0% | — | $0 | — |
| Q1 22 | -$3.7 | -$3.6 | +2.7% | — | $0 | — |
| Q4 21 | -$4.8 | -$4.8 | 0.0% | — | $0 | — |
| Q3 21 | -$4.56 | -$3 | +34.2% | — | $6.8M | — |
| Q2 21 | -$4.81 | -$3.8 | +21.0% | — | $3M | — |
| Q1 21 | -$5.52 | -$5.6 | -1.4% | — | $0 | — |
| Q4 20 | -$6.48 | -$6.4 | +1.2% | — | $0 | — |
| Q3 20 | -$6.21 | -$6.4 | -3.1% | — | $0 | — |
| Q2 20 | -$6.69 | -$5.8 | +13.3% | — | $0 | — |
| Q1 20 | -$7.19 | -$7.6 | -5.7% | — | $0 | — |
| Q4 19 | -$7.45 | -$7.8 | -4.7% | — | $0 | — |
| Q3 19 | -$8.93 | -$7.6 | +14.9% | — | $0 | — |
| Q2 19 | -$11.1 | -$11.6 | -4.4% | — | $0 | — |
| Q1 19 | -$8.89 | -$12.2 | -37.2% | — | $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 % |
|---|---|---|---|---|---|---|
| FY22 | — | — | — | — | $0 | — |
| FY21 | — | -$31.2 | — | — | $9.8M | — |
| FY20 | — | -$26.2 | — | — | $0 | — |
| FY19 | — | -$38 | — | — | $0 | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY13 | FY14 | FY15 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $26M | $22.3M | $0 | $0 | $9.8M | $0 |
| YoY change | 0% | 0% | 0% | 0% | +InfinityT% | -14.3% | -100% | 0% | +InfinityT% | -100% |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY13 | FY14 | FY15 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 26M | 22.3M | 0 | 0 | 9.8M | 0 |
| Cost of revenue | 0 | 0 | 0 | — | — | — | — | — | — | — |
| Gross profit | 0 | 0 | 0 | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — |
| Research & development | 9.9M | 16.4M | 23.7M | 27.7M | 43.1M | 66.2M | 76.3M | 71M | 53.5M | 28.5M |
| Selling, general & administrative | 2.5M | 5.4M | 9.1M | 10.6M | 12.5M | 13.3M | 16.6M | 20.4M | 20.9M | 13.5M |
| Operating expenses | 12.4M | 21.7M | 32.8M | 38.3M | 55.6M | 79.5M | 92.9M | 91.4M | 74.3M | 42.1M |
| Operating income | -12.4M | -21.7M | -32.8M | -38.3M | -29.7M | -57.3M | -92.9M | -91.4M | -64.6M | -42.1M |
| Operating margin | — | — | — | — | -114.4% | -257.4% | — | — | -662.1% | — |
| Non-operating income, net | 1K | 9K | 0 | 0 | — | — | — | — | -50.9M | 1.9M |
| Pretax income | -12.4M | -21.7M | -32.6M | -38M | -27.8M | -54.6M | -89.9M | -90.1M | -115.1M | -39.6M |
| Income tax | — | — | — | — | — | — | — | — | — | — |
| Net income | -12.4M | -21.7M | -32.6M | -38M | -27.8M | -54.6M | -89.9M | -90.1M | -115.1M | -39.6M |
| Net margin | — | — | — | — | -107.2% | -245.5% | — | — | -1.2K% | — |
| EBITDA | -12.1M | -21.4M | -32.4M | -38M | -29.3M | -56.8M | -92.4M | -91M | -13.4M | -43.8M |
| EPS | -31.4 | -93.4 | -36.2 | -39 | -16.8 | -29.8 | -38 | -26.2 | -31.2 | — |
| Diluted EPS | -31.4 | -93.4 | -36.2 | -39 | -16.8 | -29.8 | -38 | -26.2 | -31.2 | — |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | Q1 20 | Q2 20 | Q3 20 | Q4 20 | Q1 21 | Q2 21 | Q3 21 | Q4 21 | Q1 22 | Q2 22 | Q3 22 | Q4 22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 3M | 6.8M | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Research & development | 20.1M | 15.7M | 18.2M | 17.1M | 15.3M | 12.8M | 11.6M | 13.7M | 9.6M | 7.8M | 6.4M | 4.8M |
| Selling, general & administrative | 4.9M | 5.1M | 4.7M | 5.6M | 5.4M | 4.5M | 6.3M | 4.6M | 4.3M | 3.6M | 3.1M | 2.6M |
| Operating expenses | 25.1M | 20.8M | 22.9M | 22.7M | 20.8M | 17.3M | 17.9M | 18.3M | 13.8M | 11.4M | 9.5M | 7.3M |
| Operating income | -25.1M | -20.8M | -22.9M | -22.7M | -20.8M | -14.3M | -11.2M | -18.3M | -13.8M | -11.4M | -9.5M | -7.3M |
| Operating margin | — | — | — | — | — | -476.9% | -165.2% | — | — | — | — | — |
| Non-operating income, net | — | — | — | — | — | — | — | — | — | 2.2M | -453K | 169K |
| Pretax income | -24.4M | -20.4M | -22.7M | -22.6M | -20.4M | -14.3M | -11.2M | -69.2M | -13.8M | -9.1M | -9.8M | -6.9M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — |
| Net income | -24.4M | -20.4M | -22.7M | -22.6M | -20.4M | -14.3M | -11.2M | -69.2M | -13.8M | -9.1M | -9.8M | -6.9M |
| Net margin | — | — | — | — | — | -477% | -165.5% | — | — | — | — | — |
| EBITDA | -25M | -20.7M | -22.8M | -22.6M | -20.7M | -14.2M | -11.1M | -18.3M | -13.8M | -13.5M | -9M | -7.5M |
| EPS | -7.6 | -5.8 | -6.4 | -6.4 | -5.6 | -3.86 | -3.01 | -18.4 | -3.6 | 1.63 | -2.01 | — |
| Diluted EPS | -7.6 | -5.8 | -6.4 | -6.4 | -5.6 | -3.86 | -3.01 | -18.4 | -3.6 | -1.59 | -2.01 | — |
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 | FY13 | FY14 | FY15 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market cap | — | — | — | — | — | — | — | — | — | — | 1.5K |
| Enterprise value | — | — | — | — | — | — | — | — | — | — | -1.4M |
| Shares outstanding | 394.7K | 232.6K | 902.3K | 974.3K | 1.6M | 1.8M | 2.4M | 3.4M | 3.7M | 4.6M | 4.6M |
| Metric | FY13 | FY14 | FY15 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| P/B | — | — | — | — | — | — | — | — | — | — | 0 |
| EV/EBITDA | — | — | — | — | — | — | — | — | — | — | 0.03 |
| FCF yield | — | — | — | — | — | — | — | — | — | — | -1.9M% |
| PEG | — | — | — | — | — | — | — | — | — | — | -0 |
| Metric | FY13 | FY14 | FY15 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | -114.4% | -257.4% | — | — | -662.1% | — | 0% |
| Net margin | — | — | — | — | -107.2% | -245.5% | — | — | -1.2K% | — | 0% |
| ROE | 59.5% | -21.6% | -45.5% | -76.2% | -18.5% | -43.1% | -63.1% | -88% | -1.4K% | -194.4% | -114.1% |
| ROA | -35.5% | -20.7% | -43.1% | -69.4% | -14.5% | -38.3% | -53.2% | -71.8% | -177.7% | -138.3% | -56.3% |
| Return on tangible assets | -35.5% | -20.7% | -43.1% | -69.4% | -14.5% | -38.3% | -53.2% | -71.8% | -177.7% | -138.3% | -138.3% |
| Metric | FY13 | FY14 | FY15 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 25.4 | 25.2 | 18.9 | 12 | 4.3 | 9.42 | 8.14 | 6.45 | 4.39 | 3.6 | 3.6 |
| Quick ratio | 25.4 | 25.2 | 18.9 | 12 | 4.3 | 9.42 | 8.14 | 6.45 | 4.39 | 3.6 | 3.6 |
| Debt / equity | — | — | — | — | — | 0 | 0.06 | 0.07 | 0.36 | 0.08 | 0.08 |
| Debt / assets | — | — | — | — | — | 0 | 0.05 | 0.05 | 0.05 | 0.06 | 0.06 |
| Net debt / EBITDA | — | — | — | — | — | 2.4 | 1.61 | 1.19 | 4.22 | 0.54 | 0.54 |
| Metric | FY13 | FY14 | FY15 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 0 | 0 | 15.8 | 12.2 | 0 | 0 | 2.64 | 0 | 0 |
| EPS (basic) | -31.4 | -93.4 | -36.2 | -39 | -16.8 | -29.8 | -38 | -26.2 | -31.2 | — | — |
| EPS (diluted) | -31.4 | -93.4 | -36.2 | -39 | -16.8 | -29.8 | -38 | -26.2 | -31.2 | -8.56 | -3.97 |
| Book value per share | -52.7 | 431.5 | 79.6 | 51.2 | 91.2 | 69.2 | 60.2 | 29.8 | 2.27 | 4.4 | -0.4 |
| FCF per share | -30.4 | -85.1 | -33.7 | -32.3 | 7.6 | -35.5 | -33.3 | -24.5 | -18 | -9.44 | -8.98 |
| Cash per share | 85.7 | 438.4 | 77.5 | 53.1 | 99.4 | 74.4 | 66.5 | 33.5 | 16.1 | 5.49 | 5.22 |
| Capex per share | 0.42 | 2.39 | 0.49 | 0.41 | 0.75 | 0.12 | 0 | 0.02 | — | — | — |
| Metric | FY13 | FY14 | FY15 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Capex / revenue | — | — | — | — | 4.74% | 0.96% | — | — | — | — | — |
| Capex / operating cash flow | -1.39% | -2.92% | -1.71% | -1.41% | 13.1% | -0.31% | -0.01% | -0.07% | — | — | — |
| Payout ratio | — | — | — | — | — | — | — | — | — | — | 0% |
| FY18 |
| — |
| -$29.8 |
| — |
| — |
| $22.3M |
| — |
| FY17 | — | -$16.8 | — | — | $26M | — |
| FY16 | — | -$39 | — | — | $0 | — |
| FY15 | — | -$36.2 | — | — | $0 | — |
| FY14 | — | -$93.4 | — | — | $0 | — |
| FY13 | — | -$31.4 | — | — | $0 | — |
| Period | Q1 20 | Q2 20 | Q3 20 | Q4 20 | Q1 21 | Q2 21 | Q3 21 | Q4 21 | Q1 22 | Q2 22 | Q3 22 | Q4 22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $0 | $3M | $6.8M | $0 | $0 | $0 | $0 | $0 |
| YoY change | 0% | 0% | 0% | 0% | 0% | +InfinityT% | +InfinityT% | 0% | 0% | -100% | -100% | 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 | FY13 | FY14 | FY15 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 33.8M | 102M | 69.9M | 51.8M | 163.8M | 136.2M | 157.4M | 115.2M | 59.5M | 25.5M |
| Receivables | — | — | — | — | 1.1M | 2M | 482K | 1.5M | 0 | — |
| Inventory | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 34.2M | 103.9M | 72.5M | 53.6M | 167.7M | 140.3M | 159.8M | 118.7M | 61.5M | 26.6M |
| Property, plant & equipment | 559K | 861K | 931K | 899K | 1.8M | 1.5M | 8.3M | 6.4M | 3M | 1.8M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — |
| Total assets | 34.8M | 104.8M | 75.8M | 54.8M | 192.5M | 142.7M | 168.8M | 125.6M | 64.8M | 28.7M |
| Accounts payable | 150K | 693K | 562K | 398K | 1.1M | 1.2M | 2.1M | 2M | 3.6M | 732K |
| Short-term debt | — | — | — | — | — | — | 1.5M | 1.9M | 1.4M | 1.5M |
| Total current liabilities | 1.3M | 4.1M | 3.8M | 4.5M | 39M | 14.9M | 19.6M | 18.4M | 14M | 7.4M |
| Long-term debt | — | — | — | — | — | 0 | 6.7M | 4.8M | 1.7M | 136K |
| Total liabilities | 55.7M | 4.4M | 4M | 4.9M | 42.1M | 16M | 26.3M | 23.2M | 56.4M | 8.3M |
| Shareholders' equity | -20.8M | 100.4M | 71.8M | 49.9M | 150.3M | 126.7M | 142.4M | 102.4M | 8.4M | 20.4M |
| Total debt | — | — | — | — | — | 0 | 8.2M | 6.7M | 3M | 1.7M |
| Net debt | — | — | — | — | — | -51.1M | -52.2M | -100.4M | -56.5M | -23.8M |
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 | Q1 20 | Q2 20 | Q3 20 | Q4 20 | Q1 21 | Q2 21 | Q3 21 | Q4 21 | Q1 22 | Q2 22 | Q3 22 | Q4 22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 135.1M | 154.1M | 137.7M | 115.2M | 102.9M | 92.2M | 84.5M | 59.5M | 44.7M | 41.8M | 34.1M | 25.5M |
| Receivables | 976K | 923K | 466K | 1.5M | 1M | 12K | 12K | 0 | 127K | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 137.9M | 156.6M | 140M | 118.7M | 106.5M | 94M | 86.3M | 61.5M | 47.3M | 42.8M | 34.7M | 26.6M |
| Property, plant & equipment | 7.8M | 7.3M | 6.9M | 6.4M | 3.9M | 3.5M | 3.4M | 3M | 2.7M | 2.5M | 2.1M | 1.8M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 149.7M | 164.9M | 147.7M | 125.6M | 110.7M | 97.9M | 90M | 64.8M | 50.2M | 45.6M | 37.1M | 28.7M |
| Accounts payable | 739K | 672K | 2.6M | 2M | 1.6M | 1.5M | 3M | 3.6M | 2.1M | 990K | 1M | 732K |
| Short-term debt | 1.5M | 1.6M | 1.8M | 1.9M | 1M | 1.3M | 1.3M | 1.4M | 1.4M | 1.5M | 1.5M | 1.5M |
| Total current liabilities | 15.8M | 15.9M | 19.8M | 18.4M | 13.8M | 12.5M | 13.5M | 14M | 11.4M | 8.9M | 9.2M | 7.4M |
| Long-term debt | 6.3M | 5.8M | 5.3M | 4.8M | 2.7M | 2.4M | 2M | 1.7M | 1.3M | 917K | 533K | 136K |
| Total liabilities | 22M | 21.6M | 25.1M | 23.2M | 16.5M | 14.8M | 15.6M | 56.4M | 53.4M | 10.3M | 10.7M | 8.3M |
| Shareholders' equity | 127.7M | 143.3M | 122.6M | 102.4M | 94.2M | 83M | 74.4M | 8.4M | -3.1M | 35.3M | 26.4M | 20.4M |
| Total debt | 7.8M | 7.4M | 7.2M | 6.7M | 3.7M | 3.7M | 3.4M | 3M | 2.7M | 2.4M | 2M | 1.7M |
| Net debt | -32.7M | -107.5M | -113.4M | -100.4M | -97.6M | -88.5M | -81.1M | -56.5M | -42M | -39.4M | -32M | -23.8M |
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 | FY13 | FY14 | FY15 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -12.4M | -21.7M | -32.6M | -38M | -27.8M | -54.6M | -89.9M | -90.1M | -115.1M | -39.6M |
| Depreciation & amortization | 281K | 361K | 404K | 297K | 365K | 505K | 479K | 364K | 280K | 255K |
| Stock-based compensation | 70K | 689K | 3.3M | 4.3M | 5.5M | 7.4M | 6.5M | 8.1M | 10.3M | 4M |
| Change in working capital | 156K | 915K | -535K | 130K | 31.3M | -23.2M | 1.4M | -2M | 2M | -4.3M |
| Operating cash flow | -11.8M | -19.1M | -25.8M | -28.5M | 9.4M | -69.9M | -80.1M | -82.2M | -66.3M | -43.6M |
| Capital expenditure | -164K | -556K | -441K | -401K | -1.2M | -214K | -7K | -61K | — | — |
| Investing cash flow | -173K | -486K | -66.8M | 23.7M | -98.8M | 52.8M | -10.8M | 89M | 8M | 0 |
| Dividends paid | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 43.6M | 87.6M | 0 | 11.3M | 121.6M | 13.7M | 97.7M | 40.9M | 10.5M | 9.6M |
| Net change in cash | 31.6M | 68M | -92.6M | 6.5M | 32.2M | -3.4M | 6.8M | 47.6M | -47.8M | -34M |
| Free cash flow | -12M | -19.8M | -30.4M | -31.4M | 12.5M | -65.1M | -78.8M | -84.4M | -66.4M | -43.7M |
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 20 | Q2 20 | Q3 20 | Q4 20 | Q1 21 | Q2 21 | Q3 21 | Q4 21 | Q1 22 | Q2 22 | Q3 22 | Q4 22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -24.4M | -20.4M | -22.7M | -22.6M | -20.4M | -14.3M | -11.2M | -69.2M | -13.8M | -9.1M | -9.8M | -6.9M |
| Depreciation & amortization | 105K | 91K | 86K | 82K | 73K | 73K | 69K | 65K | 64K | 64K | 62K | 65K |
| Stock-based compensation | 2M | 2.1M | 2.1M | 1.9M | 2.7M | 2.6M | 2.6M | 2.3M | 1.2M | 975K | 939K | 936K |
| Change in working capital | -2.8M | -507K | 2.6M | -1.4M | -346K | 824K | 1.1M | 410K | -2M | -1.3M | -323K | -637K |
| Operating cash flow | -24.8M | -18.4M | -17.5M | -21.6M | -18M | -10.5M | -7.1M | -25.2M | -14.3M | -9.1M | -8.8M | -6.3M |
| Capital expenditure | -13K | 0 | -12K | -36K | 0 | 0 | -108K | -39K | — | — | 0 | -23K |
| Investing cash flow | -614K | 58.5M | 22M | 9.1M | 6.5M | 1.5M | -108K | -39K | 0 | 0 | 0 | -23K |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 7.4M | 33.5M | 2K | 0 | 9.5M | 353K | 0 | 776K | 1.1M | 8.5M | 15K | 0 |
| Net change in cash | -18M | 73.6M | 4.5M | -12.6M | -1.9M | -8.7M | -7.2M | -24.5M | -13.2M | -618K | -8.8M | -6.3M |
| Free cash flow | -27M | -18M | -16.3M | -23M | -22M | -11.1M | -7.7M | -25.6M | -16M | -11.4M | -7.7M | -8.6M |