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 25 | $0.92 | $0.94 | +2.2% | — | — | — |
| Q3 25 | -$0.09 | -$0.13 | -44.4% | — | — | — |
| Q2 25 | -$0.12 | -$0.22 | -83.3% | — | — | — |
| Q1 25 | -$0.16 | -$0.42 | -162.5% | — | $3.7M | — |
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 | — | -$1.46 | — | — | $19.6M | — |
| FY23 | — | -$2.59 | — | — | $14.9M | — |
| FY22 | — | -$1.52 | — | — | $9.8M | — |
| FY21 | — | -$1.01 | — | — | $0 | — |
| FY20 | — | -$0.7 | — | — | $0 | — |
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 |
|---|---|---|---|---|---|
| Revenue | $0 | $0 | $9.8M | $14.9M | $19.6M |
| YoY change | — | 0% | +InfinityT% | +51.7% | +31.6% |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 |
|---|---|---|---|---|---|---|
| Revenue | $9.2M | $3.4M | $3.7M | $3.7M | $0 |
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 |
|---|---|---|---|---|---|
| Revenue | 0 | 0 | 9.8M | 14.9M | 19.6M |
| Cost of revenue | — | — | — | — | — |
| Gross profit | — | — | — | — | — |
| Gross margin | — | — | — | — | — |
| Research & development | 23.3M | 34.4M | 56.6M | 74.1M | 59.7M |
| Selling, general & administrative | 5.1M | 6.4M | 9.4M | 29.5M | 22.1M |
| Operating expenses | 28.4M | 40.8M | 66M | 103.7M | 81.8M |
| Operating income | -28.4M | -40.8M | -56.2M | -88.7M | -62.2M |
| Operating margin | — | — | -571.1% | -594.8% | -316.7% |
| Non-operating income, net | — | — | -1.9M | -84K | — |
| Pretax income | -28.3M | -40.8M | -61.2M | -86.9M | -60.5M |
| Income tax | — | — | — | — | — |
| Net income | -28.3M | -40.8M | -61.2M | -86.9M | -60.5M |
| Net margin | — | — | -622.6% | -582.3% | -308.1% |
| EBITDA | -27.9M | -40.1M | -54.3M | -85.8M | -58.8M |
| EPS | -0.7 | -1.01 | -1.52 | -2.59 | -1.46 |
| Diluted EPS | -0.7 | -1.01 | -1.52 | -2.59 | -1.46 |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 |
|---|---|---|---|---|---|---|
| Revenue | 9.2M | 3.4M | 3.7M | 3.7M | 0 | 45.3M |
| Cost of revenue | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — |
| Research & development | 15.3M | 11.3M | 15.6M | 9.2M | 2.4M | 197K |
| Selling, general & administrative | 5.6M | 5.2M | 5.9M | 3.9M | 3.4M | 1.2M |
| Operating expenses | 20.9M | 16.5M | 21.5M | 13.1M | 5.8M | 1.4M |
| Operating income | -11.7M | -13.1M | -17.9M | -9.3M | -5.8M | 43.8M |
| Operating margin | -126.9% | -388.3% | -488.8% | -250.3% | — | 96.8% |
| Non-operating income, net | — | — | — | — | -4M | 903K |
| Pretax income | -11.2M | -12.7M | -17.6M | -9.3M | -9.8M | 44.7M |
| Income tax | 0 | 0 | — | 0 | 0 | 0 |
| Net income | -11.2M | -12.7M | -17.6M | -9.3M | -9.8M | 44.7M |
| Net margin | -121.4% | -375.2% | -482.8% | -248.5% | — | 98.8% |
| EBITDA | -11.4M | -12.4M | -17.2M | -8.7M | -1.3M | 43.5M |
| EPS | -0.27 | -0.31 | — | -0.22 | -0.23 | 1.07 |
| Diluted EPS | -0.27 | -0.31 | — | -0.22 | -0.23 | 1.07 |
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 | FY20 | FY21 | FY22 | FY23 | FY24 |
|---|---|---|---|---|---|
| Cash & short-term investments | 51.8M | 28.6M | 52M | 77.6M | 17.9M |
| Receivables | — | — | — | — | — |
| Inventory | — | — | — | — | — |
| Total current assets | 53.1M | 29.8M | 54.6M | 80.5M | 23.8M |
| Property, plant & equipment | 5.2M | 5.7M | 13.4M | 8.9M | 6.4M |
| Goodwill & intangibles | — | — | — | — | — |
| Total assets | 58.5M | 35.4M | 72.2M | 89.6M | 30.5M |
| Accounts payable | 3.3M | 2.3M | 1.7M | 3.9M | 2.1M |
| Short-term debt | 813K | 898K | 4.6M | 1.9M | 1.7M |
| Total current liabilities | 5.7M | 7.7M | 19.7M | 15.9M | 16.1M |
| Long-term debt | 2.6M | 1.7M | 35.6M | 1.2M | 744K |
| Total liabilities | 8.3M | 9.4M | 214.8M | 63M | 58.4M |
| Shareholders' equity | 50.2M | 26M | -142.7M | 26.5M | -27.9M |
| Total debt | 3.4M | 2.6M | 40.2M | 3.1M | 2.5M |
| Net debt | -48.3M | -25.9M | 16M | -74.5M | -15.4M |
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 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 |
|---|---|---|---|---|---|---|
| Cash & short-term investments | 40.4M | 26.9M | 17.9M | 7.7M | 2M | 2.8M |
| Receivables | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — |
| Total current assets | 50.7M | 34.1M | 23.8M | 14M | 4.3M | 5.9M |
| Property, plant & equipment | 8.5M | 7.7M | 6.4M | 2M | 717K | 684K |
| Goodwill & intangibles | — | — | — | — | — | — |
| Total assets | 59.3M | 42.1M | 30.5M | 16M | 5M | 6.6M |
| Accounts payable | 2M | 1.7M | 2.1M | 3.3M | 4.8M | 5.6M |
| Short-term debt | 6.9M | 2.5M | 1.7M | 1.6M | 1.1M | 153K |
| Total current liabilities | 15.6M | 10.6M | 16.1M | 10.4M | 8.9M | 6.8M |
| Long-term debt | 1.3M | 857K | 744K | 687K | 648K | 609K |
| Total liabilities | 59M | 53.2M | 58.4M | 52.6M | 51M | 7.4M |
| Shareholders' equity | 360K | -11.1M | -27.9M | -36.7M | -46M | -867K |
| Total debt | 8.2M | 3.3M | 2.5M | 2.3M | 1.7M | 762K |
| Net debt | -32.2M | -23.6M | -15.4M | -5.4M | -299K | -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 | FY20 | FY21 | FY22 | FY23 | FY24 | Current |
|---|---|---|---|---|---|---|
| Market cap | — | — | — | — | — | 242.7K |
| Enterprise value | — | — | — | — | — | -1.8M |
| Shares outstanding | 40.3M | 40.3M | 40.3M | 33.5M | 41.5M | 41.5M |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | Current |
|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | 0.03 |
| P/S | — | — | — | — | — | 0 |
| P/B | — | — | — | — | — | -0.28 |
| EV/EBITDA | — | — | — | — | — | -0.13 |
| EV/Sales | — | — | — | — | — | -0.03 |
| Earnings yield | — | — | — | — | — | 3.2K% |
| FCF yield | — | — | — | — | — | 5.4K% |
| PEG | — | — | — | — | — | -0 |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | Current |
|---|---|---|---|---|---|---|
| Operating margin | — | — | -571.1% | -594.8% | -316.7% | 96.8% |
| Net margin | — | — | -622.6% | -582.3% | -308.1% | 15.3% |
| ROE | -56.5% | -156.7% | 42.9% | -327.4% | 216.7% | 216.7% |
| ROA | -48.5% | -115% | -84.9% | -97% | -198.6% | 33% |
| Return on tangible assets | -48.5% | -115% | -84.9% | -97% | -198.6% | 122.7% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | Current |
|---|---|---|---|---|---|---|
| Current ratio | 9.34 | 3.87 | 2.78 | 5.06 | 1.48 | 0.86 |
| Quick ratio | 9.34 | 3.87 | 2.78 | 5.06 | 1.48 | 0.86 |
| Debt / equity | 0.07 | 0.1 | -0.28 | 0.12 | -0.09 | -0.01 |
| Debt / assets | 0.06 | 0.07 | 0.56 | 0.03 | 0.08 | 0.12 |
| Net debt / EBITDA | 1.73 | 0.65 | 0.22 | 0.87 | 0.26 | -0.12 |
| Interest coverage | — | — | -18.5 | — | — | — |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | Current |
|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 0.24 | 0.45 | 0.47 | 1.26 |
| EPS (basic) | -0.7 | -1.01 | -1.52 | -2.59 | -1.46 | -1.46 |
| EPS (diluted) | -0.7 | -1.01 | -1.52 | -2.59 | -1.46 | 0.19 |
| Book value per share | 1.25 | 0.65 | -3.54 | 0.79 | -0.67 | -0.02 |
| FCF per share | -0.68 | -0.97 | -0.24 | -2.46 | -1.45 | -0.53 |
| Cash per share | 1.29 | 0.71 | 1.29 | 2.31 | 0.43 | 0.07 |
| Capex per share | 0.01 | 0.05 | 0.12 | 0.03 | 0 | 0.01 |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | Current |
|---|---|---|---|---|---|---|
| Capex / revenue | — | — | 47.4% | 7.59% | 0.63% | 1% |
| Capex / operating cash flow | -1.66% | -4.61% | -47.1% | -1.44% | -0.22% | -1.91% |
| Payout ratio | — | — | — | — | — | 0% |
Split-adjusted payout per share by ex-dividend date.
| Ex-dividend | Amount |
|---|---|
| Mar 8, 2023 | $7.2294 |
| Date | Ratio |
|---|---|
| Mar 8, 2023 | 1:20 |
| $45.3M |
| YoY change | — | — | — | — | -100% | +1.2K% |
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 |
|---|---|---|---|---|---|
| Net income | -28.3M | -40.8M | -61.2M | -86.9M | -60.5M |
| Depreciation & amortization | 448K | 682K | 1.9M | 2.8M | 3.4M |
| Stock-based compensation | 163K | 479K | 275K | 2.3M | 3.6M |
| Change in working capital | 130K | -1.8M | 42.3M | -3.6M | -8.6M |
| Operating cash flow | -26.4M | -40.6M | -9.9M | -78.5M | -56.9M |
| Capital expenditure | -440K | -1.9M | -4.7M | -1.1M | -123K |
| Investing cash flow | -440K | -1.9M | -32.6M | 72.4M | -123K |
| Dividends paid | — | — | — | — | — |
| Share repurchases | — | — | — | — | — |
| Financing cash flow | 72.2M | 16M | 33.2M | 62M | 340K |
| Net change in cash | 45.4M | -26.5M | -9.3M | 55.9M | -56.7M |
| Free cash flow | -27.5M | -39.2M | -9.8M | -82.3M | -60M |
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 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 |
|---|---|---|---|---|---|---|
| Net income | -11.2M | -12.7M | -17.6M | -9.3M | -9.8M | 44.7M |
| Depreciation & amortization | 255K | 737K | 669K | 661K | 0 | 0 |
| Stock-based compensation | 625K | 1.1M | 852K | 508K | 431K | 421K |
| Change in working capital | -7.6M | -1.5M | 3.8M | -3.2M | 471K | -40.7M |
| Operating cash flow | -14.7M | -11.3M | -12.9M | -10.4M | -8.5M | 4.5M |
| Capital expenditure | -106K | 0 | 0 | 524K | 0 | 0 |
| Investing cash flow | -106K | 0 | 0 | 524K | 0 | 0 |
| Dividends paid | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — |
| Financing cash flow | 71K | -461K | -620K | -631K | 0 | -1.1M |
| Net change in cash | -14.7M | -11.7M | -13.6M | -10.5M | -8.5M | 3.3M |
| Free cash flow | -16.2M | -13M | -8.4M | -10.1M | -5.9M | 1.9M |