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 | -$1.45 | -$2.25 | -55.2% | — | $0 | — |
| Q4 25 | -$2.06 | -$3.45 | -67.5% | — | $0 | — |
| Q3 25 | -$2.06 | -$2.6 | -26.2% | — | $0 | — |
| Q2 25 | -$1.75 | -$2 | -14.3% | — | $0 | — |
| Q1 25 | -$1.5 | -$1.8 | -20.0% | — | $0 | — |
| Q4 24 | -$1.76 | -$6.1 | -246.6% | — | $0 | — |
| Q3 24 | -$2.48 | -$2.5 | -0.8% | — | $0 | — |
| Q2 24 | -$2.63 | -$1.8 | +31.6% | — | $0 | — |
| Q1 24 | -$3.7 | $0.05 | +101.4% | — | $0 | — |
| Q4 23 | -$0.87 | -$0.23 | +73.6% | — | $0 | — |
| Q3 23 | -$1.14 | -$0.82 | +28.1% | — | $0 | — |
| Q2 23 | -$1.04 | -$1.11 | -6.7% | — | $0 | — |
| Q1 23 | -$3.65 | -$17 | -366.6% | — | $0 | — |
| Q3 22 | -$6.16 | -$6.44 | -4.5% | — | $0 | — |
| Q2 22 | -$5.63 | -$5.32 | +5.5% | — | $0 | — |
| Q1 22 | -$5.35 | -$6.72 | -25.6% | — | $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 | — | — | $0 | — |
| FY24 | — | -$1.22 | — | — | $0 | — |
| FY23 | — | -$7.66 | — | — | $0 | — |
| FY22 | — | -$111.2 | — | — | $0 | — |
| FY21 | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| YoY change | — | 0% | 0% | 0% | 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 |
|---|
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — |
| Research & development | 23M | 30.6M | 21M | 18.9M | 8.3M | 15.9M | 14.5M | 15.2M |
| Selling, general & administrative | 5.6M | 6.9M | 8.9M | 15.7M | 5.8M | 22.2M | 9.7M | 7.9M |
| Operating expenses | 28.6M | 37.5M | 29.8M | 34.6M | 14.2M | 38.1M | 24.2M | 23.1M |
| Operating income | -28.6M | -37.5M | -29.8M | -34.6M | -14.2M | -38.1M | -24.2M | -23.1M |
| Operating margin | — | — | — | — | — | — | — | — |
| Non-operating income, net | — | 72K | 2.2M | -1.4M | 6.5M | 3.8M | 10.5M | -5.7M |
| Pretax income | -28.4M | -37M | -27.5M | -35.8M | -7.8M | -34.4M | -13.7M | -29.6M |
| Income tax | — | — | — | — | — | — | — | — |
| Net income | -28.4M | -37M | -27.5M | -35.8M | -7.8M | -34.4M | -13.7M | -29.6M |
| Net margin | — | — | — | — | — | — | — | — |
| EBITDA | -28.4M | -37.2M | -29.4M | -32.7M | -14.2M | -37.4M | -33.6M | -22.1M |
| EPS | -38.1 | -42.7 | -73.5 | -23.7 | -111.2 | -7.66 | -1.22 | -1.97 |
| Diluted EPS | -38.1 | -42.7 | -73.5 | -23.7 | -111.2 | -7.66 | -1.22 | -1.97 |
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 | 2.8M | 2.8M | 2.9M | 4.2M | 3.5M | 3.8M | 4.2M | 4.1M | 3.9M | 3.1M | 3.5M | 2.1M |
| Selling, general & administrative | 2.1M | 1.5M | 2.8M | 2.4M | 2.2M | 2.3M | 2.3M | 2.6M | 1.8M | 1.3M | 2.1M | 1.9M |
| Operating expenses | 4.8M | 4.3M | 5.8M | 6.5M | 5.7M | 6.2M | 6.5M | 6.6M | 5.6M | 4.4M | 5.6M | 4M |
| Operating income | -4.8M | -4.3M | -5.8M | -6.5M | -5.7M | -6.2M | -6.5M | -6.6M | -5.6M | -4.4M | -5.6M | -4M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | 214K | 283K | 5.9M | 2.6M | 118K | 1.9M | 1.9M | 769K | -2M | -6.2M | 10.8M | -3.4M |
| Pretax income | -4.6M | -4.1M | 130K | -4M | -5.6M | -4.3M | -5M | -6M | -7.8M | -10.8M | 5M | -7.7M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — |
| Net income | -4.6M | -4.1M | 130K | -4M | -5.6M | -4.3M | -5M | -6M | -7.8M | -10.8M | 5M | -7.7M |
| Net margin | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -4.8M | -472K | -11.3M | -8.8M | -5.6M | -7.9M | -6.3M | -6.1M | -5.5M | -4.2M | -5.5M | -3.7M |
| EPS | -0.82 | — | 0.01 | -0.36 | -0.5 | — | -0.36 | -0.4 | -0.52 | — | 0.31 | -0.45 |
| Diluted EPS | -0.82 | — | 0.01 | -0.36 | -0.5 | — | -0.36 | -0.4 | -0.52 | — | 0.3 | -0.45 |
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 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Market cap | — | — | — | — | — | — | — | — | 11.5M |
| Enterprise value | — | — | — | — | — | — | — | — | 2.1M |
| Shares outstanding | 857.3K | 1M | 472.7K | 1.5M | 82.2K | 4.5M | 11.2M | 15M | 15M |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | — | 0.3 |
| P/B | — | — | — | — | — | — | — | — | 1.87 |
| EV/EBITDA | — | — | — | — | — | — | — | — | -0.1 |
| Earnings yield | — | — | — | — | — | — | — | — | 338.6% |
| FCF yield | — | — | — | — | — | — | — | — | -91.9% |
| PEG | — | — | — | — | — | — | — | — | 0.02 |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | — | — | — | 0% |
| Net margin | — | — | — | — | — | — | — | — | 0% |
| ROE | -236.1% | -130.4% | -29% | -55.1% | 84.7% | -421.2% | -95.1% | 445.1% | -365.7% |
| ROA | -159.3% | -91.1% | -27% | -51.8% | -233.6% | -282% | -69.2% | -217.5% | -63.6% |
| Return on tangible assets | -159.3% | -91.1% | -27% | -51.8% | -233.6% | -282% | -69.2% | -217.5% | -108.9% |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 2.32 | 2.96 | 14.2 | 16.5 | 0.36 | 2.88 | 5.34 | 3.58 | 5.58 |
| Quick ratio | 2.32 | 2.96 | 14.2 | 16.5 | 0.36 | 2.88 | 5.34 | 3.58 | 5.58 |
| Debt / equity | — | — | — | — | -0.58 | — | — | -1.46 | 1.67 |
| Debt / assets | — | — | — | — | 1.6 | — | — | 0.71 | 0.47 |
| Net debt / EBITDA | — | — | — | — | -0.28 | — | — | 0.15 | 0.5 |
| Interest coverage | — | — | — | — | -58.3 | -311.3 | — | -19.8 | -15.4 |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (basic) | -38.1 | -42.7 | -73.5 | -23.7 | -111.2 | -7.66 | -1.22 | -1.97 | -1.97 |
| EPS (diluted) | -38.1 | -42.7 | -73.5 | -23.7 | -111.2 | -7.66 | -1.22 | -1.97 | -6.85 |
| Book value per share | 14 | 27.5 | 200.5 | 42.9 | -112.3 | 1.82 | 1.28 | -0.44 | 0.9 |
| FCF per share | -34.6 | -30.8 | -70 | -21.1 | -143 | -5.75 | -1.88 | -1.41 | -1.12 |
| Cash per share | 15 | 34.8 | 201 | 42 | 16.1 | 2.5 | 1.66 | 0.87 | 2.73 |
| Capex per share | 1.7 | 0.59 | 2.16 | 0.32 | 0.05 | 0.02 | 0 | — | — |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Capex / operating cash flow | -5.53% | -1.81% | -3.57% | -1.53% | -0.06% | -0.33% | -0.07% | — | — |
| Payout ratio | — | — | — | — | — | — | — | — | 0% |
| -$23.7 |
| — |
| — |
| $0 |
| — |
| FY20 | — | -$73.5 | — | — | $0 | — |
| FY19 | — | -$42.7 | — | — | $0 | — |
| FY18 | — | -$38.1 | — | — | $0 | — |
| 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 |
| 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 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 12.8M | 36M | 95M | 63.7M | 1.3M | 11.2M | 18.7M | 13M |
| Receivables | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — |
| Total current assets | 13.4M | 36.3M | 99.2M | 67.1M | 1.7M | 11.6M | 19.7M | 13.5M |
| Property, plant & equipment | 1.5M | 2M | 1.9M | 2M | 195K | 167K | 119K | 50K |
| Goodwill & intangibles | — | — | — | — | — | — | — | — |
| Total assets | 17.8M | 40.7M | 101.8M | 69.1M | 3.3M | 12.2M | 19.8M | 13.6M |
| Accounts payable | 2.5M | 4.6M | 2.5M | 527K | 2.9M | 1.4M | 2M | 1.2M |
| Short-term debt | — | — | — | — | 203K | — | — | 1.3M |
| Total current liabilities | 5.8M | 12.3M | 7M | 4.1M | 4.8M | 4M | 3.7M | 3.8M |
| Long-term debt | — | — | — | — | 5.2M | — | — | 8.4M |
| Total liabilities | 5.8M | 12.3M | 7M | 4.1M | 12.6M | 4M | 5.4M | 20.2M |
| Shareholders' equity | 12M | 28.4M | 94.8M | 65M | -9.2M | 8.2M | 14.4M | -6.6M |
| Total debt | — | — | — | — | 5.4M | — | — | 9.7M |
| Net debt | — | — | — | — | 4M | — | — | -1.8M |
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 | 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 | 14.6M | 11.2M | 25.7M | 19.1M | 14.6M | 18.7M | 24.6M | 18M | 14.1M | 13M | 8.2M | 18.6M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 15.3M | 11.6M | 26.6M | 20.4M | 15.7M | 19.7M | 25.2M | 19M | 14.9M | 13.5M | 8.6M | 19.5M |
| Property, plant & equipment | 187K | 167K | 153K | 138K | 130K | 119K | 118K | 105K | 49K | 50K | 43K | 36K |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 15.8M | 12.2M | 27.1M | 21.1M | 16.2M | 19.8M | 25.3M | 19.1M | 14.9M | 13.6M | 8.6M | 19.5M |
| Accounts payable | 1.4M | 1.4M | 1.5M | 2.1M | 1.5M | 2M | 2M | 1.9M | 1.1M | 1.2M | 1.7M | 2.1M |
| Short-term debt | — | — | — | — | — | — | — | — | — | 1.3M | 2.5M | — |
| Total current liabilities | 3.7M | 4M | 4.3M | 3.9M | 3.8M | 3.7M | 4.5M | 3.5M | 3.7M | 3.8M | 5.3M | 3.5M |
| Long-term debt | — | — | — | — | — | — | 8.6M | 8.5M | 8.9M | 8.4M | 4.2M | 9.2M |
| Total liabilities | 3.7M | 4M | 9.9M | 7.2M | 7.2M | 5.4M | 14.5M | 13M | 15.2M | 20.2M | 9.7M | 14M |
| Shareholders' equity | 12.2M | 8.2M | 17.2M | 13.8M | 9M | 14.4M | 10.9M | 6.1M | -268K | -6.6M | -1.1M | 5.5M |
| Total debt | — | — | — | — | — | — | 8.6M | 8.5M | 8.9M | 9.7M | 6.7M | 9.2M |
| Net debt | — | — | — | — | — | — | -4M | 2.6M | 3.4M | -1.8M | -1.5M | -9.4M |
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 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Net income | -28.4M | -37M | -27.5M | -35.8M | -7.8M | -34.4M | -13.7M | -29.6M |
| Depreciation & amortization | 175K | 303K | 395K | 519K | 52K | 58K | 58K | 46K |
| Stock-based compensation | 348K | 738K | 1.8M | 5.4M | 1.8M | 12M | 2.3M | 3M |
| Change in working capital | 1.4M | 2.7M | -1.2M | -2M | -1.3M | -1.4M | 601K | -840K |
| Operating cash flow | -26.4M | -33.4M | -28.7M | -31.9M | -7.2M | -23.6M | -10.7M | -21.2M |
| Capital expenditure | -1.5M | -605K | -1M | -488K | -4K | -78K | -8K | — |
| Investing cash flow | -1.5M | -20.6M | -42.6M | 10.8M | -4K | 8.9M | -4.4M | 9.6M |
| Dividends paid | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — |
| Financing cash flow | 41.9M | 54.7M | 92.1M | 0 | 8.3M | 20.9M | 28M | 15.2M |
| Net change in cash | 14M | 733K | 20.8M | -21.1M | 1.2M | 6.2M | 12.8M | 3.6M |
| Free cash flow | -29.7M | -31.8M | -33.1M | -32M | -11.8M | -25.8M | -21.2M | -21.2M |
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 | -4.6M | -4.1M | 130K | -4M | -5.6M | -4.3M | -5M | -6M | -7.8M | -10.8M | 5M | -7.7M |
| Depreciation & amortization | 12K | 19K | 15K | 14K | 15K | 14K | 15K | 14K | 12K | 5K | 7K | 7K |
| Stock-based compensation | 482K | -32K | 414K | 486K | 781K | 632K | 549K | 1.2M | 625K | 622K | 561K | 540K |
| Change in working capital | -1.5M | 47K | 129K | 597K | -609K | 484K | -87K | -1K | -796K | 44K | 514K | -627K |
| Operating cash flow | -5.6M | -4.1M | 1.5M | -2.9M | -5.4M | -3.1M | -4.2M | -6.7M | -4.8M | -4.9M | -4.9M | -4.6M |
| Capital expenditure | 0 | 0 | — | 0 | -6K | -2K | -9K | — | — | — | — | — |
| Investing cash flow | -2.9M | -2.7M | -13.1M | 5.1M | 8.7M | -5.2M | -1.2M | 139K | 3.5M | 7.2M | 1.5M | 0 |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 72K | 175K | 19M | -11K | 0 | 8.9M | 10.7M | -102K | 793K | 3.8M | 0 | 12M |
| Net change in cash | -8.4M | -6.6M | 7.4M | 2.2M | 3.3M | 627K | 5.3M | -6.6M | -465K | 6.1M | -3.4M | 7.4M |
| Free cash flow | -4.6M | -3.6M | -4.7M | -6.8M | -4.7M | -5M | -4.9M | -6.7M | -4.8M | -4.9M | -4.9M | -4.6M |