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 | -$0.64 | -$0.62 | +3.1% | — | $0 | — |
| Q1 26 | -$0.95 | -$0.7 | +26.3% | — | $1M | — |
| Q4 25 | -$2.82 | -$4.92 | -74.5% | — | $10.8M | — |
| Q3 25 | -$1.38 | -$1.37 | +0.7% | — | $0 | — |
| Q2 25 | -$3.68 | -$3.72 | -1.1% | — | — | — |
| Q1 25 | -$3.64 | -$18.4 | -405.2% | — | — | — |
| Q3 23 | -$0.75 | -$1.05 | -40.0% | — | $0 | — |
| Q2 23 | -$0.07 | -$0.07 | 0.0% | — | $0 | — |
| Q1 23 | — | $0.01 | — | — | $0 | — |
| Q4 22 | -$0.07 | -$1.28 | -1728.6% | — | $0 | — |
| Q2 21 | -$0.1 | -$0.16 | -60.0% | — | — | — |
| Q1 21 | -$0.24 | $1.64 | +783.3% | — | — | — |
| Q4 20 | -$0.44 | -$0.46 | -4.5% | — | — | — |
| Q3 20 | -$0.59 | -$0.64 | -8.5% | — | — | — |
| Q2 20 | -$0.66 | -$0.8 | -21.2% | — | — | — |
| Q1 20 | -$0.69 | -$0.64 | +7.2% | — | — | — |
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 | — | -$12.8 | — | — | $10.8M | — |
| FY22 | — | -$0.26 | — | — | $794K | — |
| FY21 | — | -$2.87 | — | — | $7.3M | — |
| FY20 | — | -$2.93 | — | — | $20.9M | — |
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 | FY25 |
|---|---|---|---|---|
| Revenue | $20.9M | $7.3M | $794K | $10.8M |
| YoY change | — | -65% | -89.2% | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | Q4 22 | Q1 23 | Q2 23 | Q3 23 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $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 | FY25 |
|---|---|---|---|---|
| Revenue | 20.9M | 7.3M | 794K | 10.8M |
| Cost of revenue | 9.2M | 7.4M | 798K | — |
| Gross profit | 11.8M | -42K | -4K | — |
| Gross margin | 56.3% | -0.57% | -0.5% | — |
| Research & development | 53M | 68.9M | 13M | 138.1M |
| Selling, general & administrative | 16.2M | 19M | 17.4M | 25.4M |
| Operating expenses | 69.2M | 87.9M | 30.4M | 163.5M |
| Operating income | -57.4M | -87.9M | -30.4M | -152.6M |
| Operating margin | -273.9% | -1.2K% | -3.8K% | -1.4K% |
| Non-operating income, net | 568K | -78K | 22M | — |
| Pretax income | -56.2M | -87.9M | -7.9M | -151.9M |
| Income tax | — | — | 348K | 2M |
| Net income | -56.2M | -87.9M | -8.2M | -153.9M |
| Net margin | -268.5% | -1.2K% | -1K% | -1.4K% |
| EBITDA | -57.4M | -87.6M | -52.2M | -149.7M |
| EPS | -2.93 | -2.87 | -0.26 | -12.8 |
| Diluted EPS | -2.93 | -2.87 | -0.26 | -12.8 |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | Q4 22 | Q1 23 | Q2 23 | Q3 23 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | — | — | 0 | 10.8M | 1M | 0 |
| Cost of revenue | 0 | 0 | 0 | 0 | — | — | — | — | — | — | — |
| Gross profit | 0 | 0 | 0 | 0 | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — | — |
| Research & development | 660K | 588K | 318K | 415K | 14M | — | — | 20.3M | 95M | 17.9M | 19.4M |
| Selling, general & administrative | 4.2M | 4M | 2.2M | 2.4M | 3.2M | — | — | 5.5M | 7.3M | 7.9M | 8.7M |
| Operating expenses | 4.8M | 4.6M | 2.5M | 1.6M | 17.2M | — | — | 25.9M | 102.3M | 25.8M | 26.4M |
| Operating income | -4.8M | -4.6M | -2.5M | -1.6M | -17.2M | — | — | -25.9M | -91.5M | -24.7M | -26.4M |
| Operating margin | — | — | — | — | — | — | — | — | -843.7% | -2.4K% | — |
| Non-operating income, net | -35.4M | 4.7M | — | — | — | — | — | — | — | — | — |
| Pretax income | -40.1M | 274K | -2.5M | -1.6M | -17.9M | — | — | -24.6M | -90.4M | -23.3M | -24.8M |
| Income tax | — | 14K | 2K | 0 | 0 | — | — | — | — | — | — |
| Net income | -40.5M | 260K | -2.5M | -1.6M | -17.9M | — | — | -24.6M | -92.4M | -23.3M | -24.8M |
| Net margin | — | — | — | — | — | — | — | — | -852.1% | -2.2K% | — |
| EBITDA | -27.3M | -9.3M | -2.5M | -1.6M | -17M | — | — | -24.6M | -90.3M | -23.2M | -24.8M |
| EPS | -1.28 | 0.01 | -0.07 | -0.04 | -0.92 | — | -4.93 | -1.27 | -4.01 | -0.7 | -0.74 |
| Diluted EPS | -1.28 | 0.01 | -0.07 | -0.04 | -0.92 | — | -4.93 | -1.27 | -4.01 | -0.7 | -0.74 |
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 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Market cap | — | — | 7.2B | — | 9.6B | — | — | 539.7M |
| Enterprise value | — | — | 7.1B | — | 9.5B | — | — | 432.6M |
| Shares outstanding | — | — | 19.2M | 30.6M | 31.5M | — | 10.4M | 10.4M |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | 2.58 |
| P/S | — | — | 344.3 | — | 12K | — | — | 44.7 |
| P/B | — | — | 94.8 | — | -440.7 | — | — | 3 |
| EV/EBITDA | — | — | -124.3 | — | -182.9 | — | — | -2.54 |
| EV/Sales | — | — | 340.5 | — | 12K | — | — | 36.4 |
| Earnings yield | — | — | — | — | — | — | — | 38.7% |
| FCF yield | — | — | -0.77% | — | -0.35% | — | — | -28.5% |
| PEG | — | — | — | — | — | — | — | -0.03 |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Gross margin | — | — | 56.3% | -0.57% | -0.5% | — | — | — |
| Operating margin | — | — | -273.9% | -1.2K% | -3.8K% | — | -1.4K% | -1.4K% |
| Net margin | — | — | -268.5% | -1.2K% | -1K% | — | -1.4K% | 0% |
| ROE | — | — | -73.9% | -214% | 38% | — | -75.8% | -75.8% |
| ROA | — | — | -59.3% | -158% | -29% | — | -64.1% | -64.1% |
| ROIC | — | — | — | — | 70.2% | — | 1.8K% | 1.8K% |
| Return on tangible assets | — | — | -59.3% | -158% | -29% | — | -64.1% | -90.4% |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Current ratio | — | — | 5.03 | 3.63 | 1.68 | — | 6.56 | 9.66 |
| Quick ratio | — | — | 5.03 | 3.63 | 1.68 | — | 6.56 | 9.66 |
| Debt / equity | — | — | 0.02 | 0.06 | -0 | — | 0.01 | 0.01 |
| Debt / assets | — | — | 0.02 | 0.04 | 0 | — | 0.01 | 0.01 |
| Net debt / EBITDA | — | — | 1.35 | 0.51 | 0.41 | — | 1.41 | 1.04 |
| Interest coverage | — | — | — | — | — | — | -68.5 | -68.5 |
| Effective tax rate | — | — | — | — | 0% | — | 0% | 0% |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Revenue per share | — | — | 1.09 | 0.24 | 0.03 | — | 1.04 | 0.43 |
| EPS (basic) | — | — | -2.93 | -2.87 | -0.26 | — | -12.8 | -12.8 |
| EPS (diluted) | — | — | -2.93 | -2.87 | -0.26 | — | -12.8 | -0.14 |
| Book value per share | — | — | 3.97 | 1.34 | -0.69 | — | 19.5 | 4.77 |
| FCF per share | — | — | -2.88 | -2.76 | -1.05 | — | -13.9 | -5.03 |
| Cash per share | — | — | 4.14 | 1.53 | 0.69 | — | 20.5 | 4.01 |
| Capex per share | — | — | 0.01 | 0.03 | 0.02 | — | — | — |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Capex / revenue | — | — | 1.27% | 11.4% | 62.7% | — | — | — |
| Capex / operating cash flow | — | — | -0.51% | -0.96% | 2.24% | — | — | — |
| Payout ratio | — | — | — | — | -546.4% | — | — | 0% |
| Dividend yield | — | — | — | — | 0.47% | — | — | 663.9% |
Split-adjusted payout per share by ex-dividend date.
| Ex-dividend | Amount |
|---|---|
| Jan 13, 2023 | $2400.00 |
| Sep 21, 2022 | $14300.00 |
| Date | Ratio |
|---|---|
| Jun 16, 2025 | 1:100 |
| Feb 13, 2017 | 1:15 |
| Aug 21, 2015 | 1:7 |
| $0 |
| $0 |
| $0 |
| $0 |
| — |
| — |
| $0 |
| $10.8M |
| $1M |
| $0 |
| YoY change | — | — | — | — | — | — | — | — | +InfinityT% | — | — |
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 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 120.1M | 76.9M | 79.4M | 46.9M | 21.7M | 34.8M | 213.2M |
| Receivables | — | 15M | 3.3M | 1.8M | 5M | 0 | 18M |
| Inventory | — | — | — | — | — | — | — |
| Total current assets | 124M | 96.1M | 89.5M | 51.5M | 28.2M | 34.8M | 236.7M |
| Property, plant & equipment | 772K | 1.8M | 2.3M | 3.7M | 70K | — | 2.3M |
| Goodwill & intangibles | — | — | — | — | — | — | — |
| Total assets | 124.9M | 98.6M | 94.8M | 55.7M | 28.4M | 35.6M | 240.3M |
| Accounts payable | 1.2M | 4.3M | 5.9M | 6.4M | 194K | 107K | 10M |
| Short-term debt | — | 483K | 663K | 2M | 38K | — | 435K |
| Total current liabilities | 1.3M | 28.9M | 17.8M | 14.2M | 16.8M | 9.6M | 36.1M |
| Long-term debt | — | 1.3M | 981K | 408K | 0 | 37.5M | 1.2M |
| Total liabilities | 1.3M | 30.2M | 18.8M | 14.6M | 50.1M | 51.1M | 37.3M |
| Shareholders' equity | -203.3M | 68.3M | 76.1M | 41.1M | -21.7M | -15.5M | 203M |
| Total debt | — | 1.8M | 1.6M | 2.4M | 38K | 37.5M | 1.6M |
| Net debt | — | -13.6M | -28.7M | -42M | -21.6M | 2.7M | -211.5M |
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 | Q4 22 | Q1 23 | Q2 23 | Q3 23 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 21.7M | 8.1M | 6.9M | 2.2M | — | 133.3M | 213.2M | 189.2M | 171.6M |
| Receivables | 5M | 5M | 0 | 0 | — | — | 18M | 0 | 0 |
| Inventory | — | — | — | — | — | — | — | — | — |
| Total current assets | 28.2M | 14M | 7.6M | 5.1M | — | 134.6M | 236.7M | 195.6M | 179M |
| Property, plant & equipment | 70K | 1K | 0 | — | — | 2.3M | 2.3M | 2.3M | 2.1M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — |
| Total assets | 28.4M | 18.8M | 12.4M | 10M | — | 138.3M | 240.3M | 199.1M | 182.8M |
| Accounts payable | 194K | 16K | 5K | 158K | — | 2.6M | 10M | 1.2M | 2.5M |
| Short-term debt | 38K | — | — | — | — | 417K | 435K | 453K | 471K |
| Total current liabilities | 16.8M | 6.8M | 2.8M | 1.8M | — | 20.3M | 36.1M | 14.2M | 18.5M |
| Long-term debt | 0 | — | — | — | — | 1.3M | 1.2M | 1.1M | 966K |
| Total liabilities | 50.1M | 44.7M | 40.7M | 6.4M | — | 21.6M | 37.3M | 15.3M | 19.5M |
| Shareholders' equity | -21.7M | -26M | -28.3M | 3.5M | — | 116.6M | 203M | 183.8M | 163.3M |
| Total debt | 38K | — | — | — | — | 1.7M | 1.6M | 1.5M | 1.4M |
| Net debt | -21.6M | — | — | — | — | -131.5M | -211.5M | -187.6M | -170.2M |
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 | FY20 | FY21 | FY22 | FY25 |
|---|---|---|---|---|
| Net income | -56.2M | -87.9M | -8.2M | -153.9M |
| Depreciation & amortization | 138K | 290K | 230K | 84K |
| Stock-based compensation | 3.6M | 3.4M | 1.3M | 13.3M |
| Change in working capital | 471K | -3.4M | -6.6M | -6.6M |
| Operating cash flow | -52M | -87.6M | 22.3M | -71.5M |
| Capital expenditure | -267K | -839K | 498K | — |
| Investing cash flow | 9.7M | 48.2M | 55.4M | — |
| Dividends paid | — | — | -45M | — |
| Share repurchases | — | — | — | -177K |
| Financing cash flow | 59.9M | 49.3M | -45M | 323M |
| Net change in cash | 17.6M | 9.8M | 32.7M | 251.4M |
| Free cash flow | -55.3M | -84.6M | -33.1M | -144.5M |
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 | Q4 22 | Q1 23 | Q2 23 | Q3 23 | Q4 24 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -40.5M | 260K | -2.5M | -1.6M | -17.9M | -21.8M | -24.6M | -92.4M | -23.3M | -24.8M |
| Depreciation & amortization | 10K | 3K | 1K | 0 | 0 | 2K | 28K | 54K | 64K | 66K |
| Stock-based compensation | 257K | 210K | 89K | 98K | 1.1M | 5.3M | 2M | 4.7M | 4.1M | 4M |
| Change in working capital | 2.6M | -2.6M | -329K | -710K | 107K | -935K | 1.6M | 10.1M | 14.6M | 1.1M |
| Operating cash flow | -2.1M | -2.1M | -2.8M | -2.2M | -16.6M | -16.4M | -17.5M | -26.7M | -8.9M | -19.5M |
| Capital expenditure | 51K | — | — | 0 | 0 | — | — | — | — | — |
| Investing cash flow | 51K | 411K | 4.8M | 1M | 0 | — | — | — | — | — |
| Dividends paid | 0 | -7.8M | -3.5M | -1.5M | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | 0 | — | — | — | — | — |
| Financing cash flow | 0 | -7.8M | -3.5M | -1.5M | 41M | 2.8M | -1.3M | 178.9M | -6.9M | -144K |
| Net change in cash | -2.1M | -9.5M | -1.5M | -2.7M | 24.4M | -13.6M | -18.8M | 152.1M | -15.9M | -19.6M |
| Free cash flow | -1.5M | -6.2M | -2.5M | -3.2M | -6.3M | -16.5M | -18.1M | -98.9M | -17.1M | -19.5M |