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 % |
|---|---|---|---|---|---|---|
| Q3 26 | -$1.08 | -$1.07 | +0.9% | — | — | — |
| Q2 26 | -$0.89 | -$0.86 | +3.4% | — | — | — |
| Q1 26 | -$1.01 | -$0.73 | +27.7% | — | — | — |
| Q4 25 | -$0.96 | -$0.78 | +18.7% | — | — | — |
| Q3 25 | -$0.84 | -$0.93 | -10.7% | — | — | — |
| Q2 25 | -$0.86 | -$0.81 | +5.8% | — | — | — |
| Q1 25 | -$0.67 | -$0.75 | -11.9% | — | $0 | — |
| Q3 24 | -$0.7 | -$0.65 | +7.1% | — | $0 | — |
| Q2 24 | -$0.55 | -$0.58 | -5.5% | — | $0 | — |
| Q1 24 | -$0.7 | -$0.64 | +8.6% | — | $0 | — |
| Q4 23 | -$0.75 | -$0.61 | +18.7% | — | $0 | — |
| Q3 23 | -$0.53 | -$0.78 | -47.2% | — | $0 | — |
| Q2 23 | -$0.6 | -$0.66 | -10.0% | — | $0 | — |
| Q1 23 | -$0.52 | -$0.55 | -5.8% | — | $0 | — |
| Q4 22 | -$0.44 | -$0.69 | -56.8% | — | $0 | — |
| Q3 22 | -$0.58 | -$0.73 | -25.9% | — | $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 | — | -$3.79 | — | — | $0 | — |
| FY24 | — | -$2.83 | — | — | $0 | — |
| FY23 | — | -$2.69 | — | — | $0 | — |
| FY22 | — | -$2.64 | — | — | $0 | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| YoY change | 0% | 0% | 0% | 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.
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — |
| Research & development | 3.1M | 5M | 6.3M | 6.3M | 7.7M | 25.8M | 35.3M | 60.6M | 104.2M | 145M |
| Selling, general & administrative | 263.7K | 972.5K | 1.6M | 1.5M | 1.9M | 2.6M | 4.1M | 5.6M | 9.1M | 27.2M |
| Operating expenses | 3.3M | 6M | 7.9M | 7.8M | 9.6M | 28.4M | 39.4M | 66.2M | 113.3M | 172.2M |
| Operating income | -3.3M | -6M | -7.9M | -7.8M | -9.6M | -28.4M | -39.4M | -66.2M | -113.3M | -172.2M |
| Operating margin | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | 0 | — | 3K | — | — | -263 | — | — | — | — |
| Pretax income | -3.3M | -6.3M | -7.5M | -7.4M | -9.5M | -29.6M | -40.4M | -63.8M | -111.8M | -177M |
| Income tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income | -3.3M | -6.3M | -7.5M | -7.4M | -9.5M | -29.6M | -40.4M | -63.8M | -111.8M | -177M |
| Net margin | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -3.2M | -5.7M | -7.3M | -7M | -9.1M | -28M | -38.1M | -58.3M | -101.4M | -159.7M |
| EPS | -0.49 | -0.84 | -0.74 | -0.72 | -0.92 | -2.21 | -2.64 | -2.69 | -2.83 | -3.79 |
| Diluted EPS | -0.49 | -0.84 | -0.74 | -0.72 | -0.92 | -2.21 | -2.64 | -2.69 | -2.83 | -3.79 |
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 | 17.5M | 18.1M | 20.6M | 22.5M | 27.6M | 33.5M | 32.2M | 40.2M | 34.9M | 37.6M | 33.1M | 31.1M |
| Selling, general & administrative | 1.4M | 1.6M | 1.8M | 1.8M | 2.5M | 3M | 3.9M | 3.8M | 7.9M | 11.6M | 17.4M | 35M |
| Operating expenses | 18.9M | 19.7M | 22.5M | 24.3M | 30.1M | 36.4M | 36.1M | 44M | 42.8M | 49.2M | 50.5M | 66.1M |
| Operating income | -18.9M | -19.7M | -22.5M | -24.3M | -30.1M | -36.4M | -36.1M | -44M | -42.8M | -49.2M | -50.5M | -66.1M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | — | — | — | — | — | — | — | — | — | — | — | -11.5M |
| Pretax income | -18.4M | -18.8M | -21.6M | -23.7M | -29.8M | -36.7M | -37M | -45.3M | -43.8M | -51M | -52.8M | -78.9M |
| Income tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income | -18.4M | -18.8M | -21.6M | -23.7M | -29.8M | -36.7M | -37M | -45.3M | -43.8M | -51M | -52.8M | -78.9M |
| Net margin | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -17M | -17.4M | -20.2M | -21.4M | -26.4M | -33.3M | -33.8M | -42M | -39.2M | -44.8M | -46.7M | -61.9M |
| EPS | -0.83 | — | -0.64 | -0.62 | -0.7 | -0.85 | -0.86 | -1.04 | -0.92 | -0.97 | -0.97 | -1.44 |
| Diluted EPS | -0.83 | — | -0.64 | -0.62 | -0.7 | -0.85 | -0.86 | -1.04 | -0.92 | -0.97 | -0.97 | -1.44 |
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 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market cap | — | — | — | 108.8M | 94M | — | — | — | — | — | 3.9B |
| Enterprise value | — | — | — | 90.3M | 82.7M | — | — | — | — | — | 3.9B |
| Shares outstanding | 6.7M | 7.5M | 10.1M | 10.2M | 10.3M | 13.4M | 15.4M | 23.7M | 39.4M | 46.8M | 46.8M |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | — | — | — | -21 |
| P/B | — | — | — | 5.64 | 8.04 | — | — | — | — | — | -341.6 |
| EV/EBITDA | — | — | — | -12.9 | -9.1 | — | — | — | — | — | -18.7 |
| Earnings yield | — | — | — | — | — | — | — | — | — | — | -4.76% |
| FCF yield | — | — | — | -5.86% | -7.69% | — | — | — | — | — | -1.85% |
| PEG | — | — | — | — | — | — | — | — | — | — | -0.55 |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | — | — | — | — | — | 0% |
| Net margin | — | — | — | — | — | — | — | — | — | — | 0% |
| ROE | -59% | -19.9% | -29.5% | -38.1% | -81% | -43.1% | -30.2% | -45.6% | -96.7% | -176.1% | -1.4K% |
| ROA | -54.7% | -19.6% | -28.7% | -36.3% | -73.1% | -34.5% | -23% | -33.4% | -45.6% | -37.9% | -25.8% |
| ROIC | 1.4K% | -82.7% | -1.7K% | -953.4% | -2.9K% | 4.1K% | -9.3K% | 2K% | 526% | 904.5% | 1.7K% |
| Return on tangible assets | -54.7% | -19.6% | -28.7% | -36.3% | -73.1% | -34.5% | -23% | -33.4% | -45.6% | -37.9% | -31.1% |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 13.3 | 42.4 | 38.1 | 21.1 | 10.3 | 34.1 | 25.5 | 13.4 | 7.71 | 10.5 | 8.93 |
| Quick ratio | 13.3 | 42.4 | 38.1 | 21.1 | 10.3 | 34.1 | 25.5 | 13.4 | 7.71 | 10.5 | 8.93 |
| Debt / equity | — | 0 | 0 | 0.01 | 0.02 | 0.22 | 0.26 | 0.27 | 0.85 | 3.2 | -0.59 |
| Debt / assets | — | 0 | 0 | 0.01 | 0.02 | 0.17 | 0.2 | 0.2 | 0.4 | 0.69 | 0.91 |
| Net debt / EBITDA | — | 4.25 | 3.43 | 2.63 | 1.25 | 2.48 | 3.5 | 2.45 | 1.35 | 0.75 | -0 |
| Interest coverage | — | -12.8 | -67.4K | -46.3K | -79K | -22.5 | -18.2 | -11 | -9.87 | -9.32 | -9.17 |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (basic) | -0.49 | -0.84 | -0.74 | -0.72 | -0.92 | -2.21 | -2.64 | -2.69 | -2.83 | -3.79 | -3.79 |
| EPS (diluted) | -0.49 | -0.84 | -0.74 | -0.72 | -0.92 | -2.21 | -2.64 | -2.69 | -2.83 | -3.79 | -4.3 |
| Book value per share | 0.84 | 4.21 | 2.5 | 1.89 | 1.14 | 5.13 | 8.68 | 5.9 | 2.93 | 2.15 | -0.26 |
| FCF per share | -0.44 | -0.7 | -0.66 | -0.62 | -0.7 | -1.52 | -2.35 | -2.28 | -2.12 | -3.28 | -3.51 |
| Cash per share | 0.87 | 3.24 | 2.46 | 1.83 | 1.13 | 6.3 | 10.9 | 7.63 | 5.96 | 9.44 | 15.4 |
| Capex per share | 0.01 | 0.03 | 0.06 | 0.04 | 0.01 | 0.01 | 0.01 | 0 | 0.01 | — | — |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Capex / operating cash flow | -1.46% | -4.7% | -10.5% | -6.23% | -1.22% | -0.41% | -0.41% | -0.17% | -0.26% | — | — |
| Payout ratio | — | — | — | — | — | — | — | — | — | — | 0% |
| FY21 | — | -$2.21 | — | — | $0 | — |
| FY20 | — | -$0.92 | — | — | $0 | — |
| FY19 | — | -$0.72 | — | — | $0 | — |
| FY18 | — | -$0.74 | — | — | $0 | — |
| FY17 | — | -$0.84 | — | — | $0 | — |
| FY16 | — | -$0.49 | — | — | $0 | — |
| 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 |
| 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 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 5.9M | 24.2M | 24.9M | 18.7M | 11.6M | 84.3M | 168.6M | 180.6M | 235.1M | 441.5M |
| Receivables | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 5.9M | 24.5M | 25.2M | 19.3M | 12.2M | 85.4M | 175.2M | 190.6M | 244.6M | 465.7M |
| Property, plant & equipment | 144.9K | 280.1K | 813.6K | 1M | 789.8K | 554.3K | 506.6K | 628.8K | 552K | 550K |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — |
| Total assets | 6.1M | 32M | 26M | 20.3M | 13M | 85.9M | 175.7M | 191.2M | 245.1M | 466.6M |
| Accounts payable | 331.5K | 71.9K | 119.8K | 142.8K | 217.4K | 1.5M | 2.6M | 5.1M | 9.4M | 6.4M |
| Short-term debt | — | — | 5.7K | 184.2K | 193.3K | 195.7K | 194.2K | 184.9K | 172K | 54K |
| Total current liabilities | 445.4K | 578.1K | 662.3K | 911.3K | 1.2M | 2.5M | 6.9M | 14.2M | 31.7M | 44.2M |
| Long-term debt | — | 0 | 19.9K | 71.9K | 69.2K | 14.7M | 35M | 37.3M | 97.8M | 321.9M |
| Total liabilities | 445.4K | 578.1K | 682.2K | 983.2K | 1.3M | 17.2M | 41.9M | 51.5M | 129.5M | 366M |
| Shareholders' equity | 5.6M | 31.4M | 25.3M | 19.3M | 11.7M | 68.7M | 133.8M | 139.8M | 115.6M | 100.6M |
| Total debt | — | 0 | 25.6K | 256.1K | 262.5K | 14.9M | 35.2M | 37.4M | 98M | 321.9M |
| Net debt | — | -2.6M | -15.9M | -18.5M | -11.4M | -69.4M | 10.7M | 6.8M | 75.4M | 156.2M |
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 | — | — | — | — | — | — | — | — | 455M | 441.5M | 387.1M | 754M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | — | — | — | — | — | — | — | — | 475.5M | 465.7M | 408.9M | 775.8M |
| Property, plant & equipment | — | — | — | — | — | — | — | — | 507K | 550K | 632K | 1.7M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | 100M |
| Total assets | — | — | — | — | — | — | — | — | 476M | 466.6M | 410.2M | 828.2M |
| Accounts payable | 5.6M | 5.1M | 5.3M | 6.2M | 9.2M | 9.4M | 9.9M | 11.2M | 11.4M | 6.4M | 10.5M | 8.1M |
| Short-term debt | — | — | — | — | — | — | — | — | 96K | 54K | 13K | 257K |
| Total current liabilities | — | — | — | — | — | — | — | — | 38.8M | 44.2M | 33.2M | 86.9M |
| Long-term debt | — | — | — | — | — | — | — | — | 320.2M | 321.9M | 323.4M | 754.1M |
| Total liabilities | — | 51.5M | 54.4M | 115.9M | 123.3M | 129.5M | 131.5M | 139.2M | 359M | 366M | 356.6M | 841M |
| Shareholders' equity | — | — | — | — | — | — | — | — | 117M | 100.6M | 53.5M | -12.8M |
| Total debt | — | — | — | — | — | — | — | — | 320.3M | 321.9M | 323.4M | 754.4M |
| Net debt | — | — | — | — | — | — | — | — | 246.1M | 156.2M | 178.3M | 572.3M |
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 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -3.3M | -6.3M | -7.5M | -7.4M | -9.5M | -29.6M | -40.4M | -63.8M | -111.8M | -177M |
| Depreciation & amortization | 73.1K | 104.7K | 223K | 339K | 385.6K | 303.2K | 210.9K | 142.8K | 129.9K | 167K |
| Stock-based compensation | 187.3K | 874.4K | 1.2M | 1M | 1.8M | 2.6M | 4.6M | 4.9M | 7M | 21.4M |
| Change in working capital | 69.8K | -262.5K | 25.4K | -162.6K | 9.4K | 1.2M | -4.4M | -1M | 5.1M | -6M |
| Operating cash flow | -2.8M | -5.1M | -6M | -6.1M | -7.3M | -19.9M | -39.2M | -58.7M | -96.7M | -153.3M |
| Capital expenditure | -40.9K | -239.8K | -625.6K | -380.2K | -89.4K | -81.4K | -158.8K | -97.6K | -249.9K | — |
| Investing cash flow | -40.9K | -29M | 19.1M | 8.5M | -89.4K | -81.4K | -144M | -5M | -63.1M | -63.8M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 3.7M | 30.7M | -88.8K | -7K | 77.7K | 92.9M | 120M | 14.4M | 122.6M | 314.3M |
| Net change in cash | 884.4K | -3.4M | 13M | 2.4M | -7.3M | 72.9M | -63.2M | -49.3M | -37.2M | 97.2M |
| Free cash flow | -2.9M | -5.2M | -6.7M | -6.4M | -7.2M | -20.4M | -36.2M | -53.9M | -83.7M | -153.5M |
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 | 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 | -18.4M | -18.8M | -21.6M | -23.7M | -29.8M | -36.7M | -37M | -45.3M | -43.8M | -51M | -52.8M | -78.9M |
| Depreciation & amortization | 33.6K | 27.9K | 29.6K | 30.7K | 33.7K | 35.3K | 37K | 40K | 41K | 49K | 47K | 59K |
| Stock-based compensation | 1.1M | 1.2M | 1.3M | 1.4M | 1.9M | 2.3M | 2.4M | 2.7M | 6.8M | 9.5M | 5.3M | 6.9M |
| Change in working capital | 1.5M | -3M | 506.8K | 2.1M | 3.2M | -743K | -1.8M | -3.7M | -10.1M | 2.9M | 3.1M | -4.9M |
| Operating cash flow | -15.8M | -20.6M | -19.4M | -20M | -24.4M | -33M | -36.5M | -36.2M | -44.8M | -36.4M | -55.1M | -55.4M |
| Capital expenditure | -53.1K | -32.7K | -89.7K | -63.9K | -50.7K | -45.1K | -60K | — | — | — | -36K | -85K |
| Investing cash flow | 6.3M | -41.2M | 3.5M | -106.1M | 1.9M | 37.6M | 24.3M | 65.9M | -257.5M | 103.5M | 34.8M | -330.5M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | -28.8K | 82.5K | -56.4K | 21.9K | -81.7K | -125.2K | -46K | -41K | 315.1M | -709K | -203K | 0 |
| Net change in cash | -9.5M | -61.7M | -15.9M | -126M | -22.6M | 4.5M | -12.3M | 29.6M | 12.8M | 66.4M | -20.5M | -386M |
| Free cash flow | -12.8M | -18.6M | -17.2M | -18.1M | -20.6M | -27.8M | -35.9M | -36.3M | -44.9M | -36.5M | -55.4M | -55.6M |