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 | -$0.06 | -$0.04 | +33.3% | — | $0 | — |
| Q1 26 | -$0.07 | -$0.05 | +28.6% | — | $0 | — |
| Q4 25 | -$0.08 | -$0.02 | +75.0% | — | $0 | — |
| Q3 25 | -$0.09 | -$0.06 | +33.3% | — | $0 | — |
| Q2 25 | -$0.18 | -$0.11 | +38.9% | — | — | — |
| Q1 25 | -$0.11 | -$0.14 | -27.3% | — | — | — |
| Q4 24 | -$0.15 | -$0.17 | -13.3% | — | — | — |
| Q3 24 | -$0.21 | -$0.25 | -19.0% | — | — | — |
| Q2 24 | -$0.23 | -$0.18 | +21.7% | — | — | — |
| Q1 24 | -$0.24 | -$0.27 | -12.5% | — | — | — |
| Q4 23 | -$0.34 | -$0.27 | +20.6% | — | — | — |
| Q3 23 | -$0.29 | -$0.22 | +24.1% | — | — | — |
| Q2 23 | -$0.21 | -$0.16 | +23.8% | — | $0 | — |
| Q1 23 | -$0.18 | -$0.21 | -16.7% | — | $0 | — |
| Q4 22 | -$0.3 | -$0.2 | +33.3% | — | $0 | — |
| Q3 22 | -$0.32 | -$0.29 | +9.4% | — | $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 | — | -$0.32 | — | — | $0 | — |
| FY24 | — | -$0.86 | — | — | $0 | — |
| FY23 | — | -$0.86 | — | — | $0 | — |
| FY22 | — | -$0.91 | — | — | $0 | — |
| FY21 | — | -$3.13 |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| YoY change | — | 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 | Q4 23 | Q1 24 | Q2 24 |
|---|
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — |
| Research & development | 14.4M | 12.9M | 18.6M | 30.3M | 37.2M | 41.7M | 37.2M |
| Selling, general & administrative | 3.5M | 4.5M | 10M | 13.2M | 13.5M | 12.3M | 10.6M |
| Operating expenses | 4.7M | 6.6M | 11.2M | 21.3M | 25.9M | 34.4M | 24.4M |
| Operating income | -4.7M | -6.6M | -11.2M | -21.3M | -25.9M | -34.4M | -24.4M |
| Operating margin | — | — | — | — | — | — | — |
| Non-operating income, net | 849K | 464K | 328K | -35K | 158K | 471K | 919K |
| Pretax income | -4.8M | -7.8M | -11.7M | -21.4M | -25.8M | -34M | -23.5M |
| Income tax | — | — | — | — | — | — | — |
| Net income | -4.8M | -7.8M | -11.7M | -21.4M | -25.8M | -34M | -23.5M |
| Net margin | — | — | — | — | — | — | — |
| EBITDA | -3.5M | -6.1M | -13.4M | -21.1M | -25.5M | -33.5M | -23.2M |
| EPS | -0.41 | -0.56 | -3.13 | -0.91 | -0.86 | -0.86 | -0.32 |
| Diluted EPS | -0.41 | -0.56 | -3.13 | -0.91 | -0.86 | -0.86 | -0.32 |
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 |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Research & development | — | — | — | — | — | — | — | — | 3.8M | 11.1M | 6.1M | 5.1M |
| Selling, general & administrative | — | — | — | — | — | — | — | — | 2.6M | 2.5M | 2.7M | 2.6M |
| Operating expenses | — | — | — | — | — | — | — | — | 5.2M | 3.7M | 4.8M | 4.2M |
| Operating income | — | — | — | — | — | — | — | — | -5.2M | -3.7M | -4.8M | -4.2M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | 314K | 287K | 49K | 333K | 236K | -147K | 214K | 141K | 230K | 334K | 273K | 291K |
| Pretax income | — | — | — | — | — | — | — | — | -4.9M | -3.3M | -4.6M | -3.9M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — |
| Net income | — | — | — | — | — | — | — | — | -4.9M | -3.3M | -4.6M | -3.9M |
| Net margin | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA | — | — | — | — | — | — | — | — | -4.9M | -3.3M | -4.5M | -3.9M |
| EPS | -0.22 | — | -0.27 | -0.18 | -0.25 | — | -0.14 | -0.11 | -0.06 | — | -0.05 | -0.04 |
| Diluted EPS | -0.22 | — | -0.27 | -0.18 | -0.25 | — | -0.14 | -0.11 | -0.06 | — | -0.05 | -0.04 |
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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Market cap | — | — | — | — | — | — | — | 89.2M |
| Enterprise value | — | — | — | — | — | — | — | 55.8M |
| Shares outstanding | 21.4M | 21.4M | 5.2M | 23.6M | 30M | 39.7M | 72.8M | 72.8M |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | -2.95 |
| P/B | — | — | — | — | — | — | — | 2.7 |
| EV/EBITDA | — | — | — | — | — | — | — | -1.53 |
| Earnings yield | — | — | — | — | — | — | — | -33.9% |
| FCF yield | — | — | — | — | — | — | — | -26.9% |
| PEG | — | — | — | — | — | — | — | 0.05 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | — | — | 0% |
| Net margin | — | — | — | — | — | — | — | 0% |
| ROE | 8.29% | 11.5% | -22.9% | -53.2% | -105.4% | -181.2% | -68.5% | -83.8% |
| ROA | -64.9% | -110.1% | -19.8% | -42.4% | -73.3% | -112.4% | -48.5% | -78.2% |
| Return on tangible assets | -64.9% | -110.1% | -19.8% | -42.4% | -73.3% | -112.4% | -48.5% | -43.1% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Current ratio | 1.94 | 2.13 | 7.5 | 6.11 | 3.37 | 2.65 | 3.45 | 7.03 |
| Quick ratio | 1.94 | 2.13 | 7.5 | 6.11 | 3.37 | 2.65 | 3.45 | 7.03 |
| Debt / equity | -0.12 | -0.19 | 0 | 0.04 | 0.05 | 0.04 | 0.02 | 0.02 |
| Debt / assets | 0.93 | 1.81 | 0 | 0.03 | 0.04 | 0.03 | 0.01 | 0.02 |
| Net debt / EBITDA | -1.15 | -1.26 | 4.09 | 1.9 | 1.12 | 0.72 | 1.56 | 2.02 |
| Interest coverage | -3.73 | -3.48 | -12.1 | -763.2 | -954.1 | -1.4K | -1.8K | -1.3K |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (basic) | -0.41 | -0.56 | -3.13 | -0.91 | -0.86 | -0.86 | -0.32 | -0.32 |
| EPS (diluted) | -0.41 | -0.56 | -3.13 | -0.91 | -0.86 | -0.86 | -0.32 | -0.17 |
| Book value per share | -2.73 | -3.19 | 9.88 | 1.7 | 0.82 | 0.47 | 0.47 | 0.35 |
| FCF per share | -0.15 | -0.16 | -0.7 | -0.79 | -0.54 | -0.72 | -0.34 | -0.2 |
| Cash per share | 0.14 | 0.24 | 10.5 | 1.76 | 1 | 0.63 | 0.51 | 0.36 |
| Capex per share | 0.01 | 0 | 0.01 | 0.01 | 0 | 0 | — | — |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Capex / operating cash flow | -3.39% | -0.28% | -0.6% | -0.89% | -0.72% | -0.01% | — | — |
| Payout ratio | — | — | — | — | — | — | — | 0% |
| — |
| — |
| $0 |
| — |
| FY20 | — | -$0.56 | — | — | $0 | — |
| FY19 | — | -$0.41 | — | — | $0 | — |
| Q3 24 |
|---|
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | — | — | — | — | — | — | — | — | $0 | $0 | $0 | $0 |
| YoY change | — | — | — | — | — | — | — | — | — | — | — | — |
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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 2.9M | 5.2M | 54.7M | 41.6M | 29.9M | 25M | 36.8M |
| Receivables | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — |
| Total current assets | 7.2M | 6.9M | 59M | 47.6M | 34.2M | 29.6M | 48M |
| Property, plant & equipment | 299K | 211K | 145K | 233K | 284K | 181K | 93K |
| Goodwill & intangibles | — | — | — | — | — | — | — |
| Total assets | 7.5M | 7.1M | 59.1M | 50.4M | 35.2M | 30.2M | 48.4M |
| Accounts payable | 2.4M | 2M | 4.2M | 3.2M | 3.7M | 2M | 1.1M |
| Short-term debt | 4K | — | — | 783K | 718K | 472K | 443K |
| Total current liabilities | 3.7M | 3.3M | 7.9M | 7.8M | 10.2M | 11.1M | 13.9M |
| Long-term debt | 6.9M | 12.9M | 0 | 695K | 520K | 342K | 195K |
| Total liabilities | 65.9M | 75.3M | 7.9M | 10.2M | 10.7M | 11.5M | 14.1M |
| Shareholders' equity | -58.4M | -68.2M | 51.3M | 40.2M | 24.5M | 18.8M | 34.3M |
| Total debt | 6.9M | 12.9M | 0 | 1.5M | 1.2M | 814K | 638K |
| Net debt | 4M | 7.7M | -54.7M | -40.1M | -28.7M | -24.2M | -36.2M |
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 | 33M | 29.9M | 34.7M | 28.5M | 22M | 25M | 16.4M | 10.7M | 39.3M | 36.8M | 31.1M | 34M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 36M | 34.2M | 38M | 33.5M | 26.8M | 29.6M | 22.9M | 19M | 42.9M | 48M | 35.8M | 38.3M |
| Property, plant & equipment | 977K | 284K | 257K | 819K | 207K | 181K | 190K | 573K | 512K | 93K | 77K | 597K |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 38.8M | 35.2M | 38.9M | 34.4M | 27.6M | 30.2M | 23.5M | 19.6M | 43.4M | 48.4M | 36.1M | 38.9M |
| Accounts payable | 2.9M | 3.7M | 2.6M | 3M | 1.9M | 2M | 1.8M | 771K | 827K | 1.1M | 3.9M | 673K |
| Short-term debt | 172K | 718K | 546K | 369K | 188K | 472K | 355K | 239K | 168K | 443K | 289K | 167K |
| Total current liabilities | 8.2M | 10.2M | 9.5M | 10.9M | 12.7M | 11.1M | 10.9M | 12.4M | 6.7M | 13.9M | 6.1M | 5.5M |
| Long-term debt | 565K | 520K | 488K | 440K | 392K | 342K | 280K | 229K | 212K | 195K | 176K | 422K |
| Total liabilities | 9.8M | 10.7M | 10M | 11.4M | 13.1M | 11.5M | 11.2M | 12.6M | 6.9M | 14.1M | 6.2M | 5.9M |
| Shareholders' equity | 28.9M | 24.5M | 28.9M | 23M | 14.5M | 18.8M | 12.3M | 7M | 36.5M | 34.3M | 29.9M | 33M |
| Total debt | 737K | 1.2M | 1M | 809K | 580K | 814K | 635K | 468K | 380K | 638K | 465K | 589K |
| Net debt | -32.2M | -28.7M | -33.6M | -27.7M | -21.4M | -24.2M | -15.8M | -10.3M | -39M | -36.2M | -30.7M | -33.4M |
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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Net income | -4.8M | -7.8M | -11.7M | -21.4M | -25.8M | -34M | -23.5M |
| Depreciation & amortization | 81K | 98K | 93K | 235K | 252K | 266K | 228K |
| Stock-based compensation | 361K | 475K | 5.2M | 3.6M | 4.4M | 3.7M | 2.1M |
| Change in working capital | -342K | 2.9M | 1.6M | -1.7M | 554K | -2.2M | -8.1M |
| Operating cash flow | -4.2M | -3.5M | -4.5M | -19.3M | -20.3M | -32.2M | -24.6M |
| Capital expenditure | -144K | -10K | -27K | -171K | -147K | -4K | — |
| Investing cash flow | -144K | -10K | -27K | -171K | -147K | -4K | — |
| Dividends paid | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — |
| Financing cash flow | 2.8M | 5.7M | 52.9M | 3.9M | 4.5M | 23.5M | 36.5M |
| Net change in cash | -1.6M | 2.2M | 48.4M | -15.5M | -15.9M | -8.7M | 11.9M |
| Free cash flow | -3.2M | -3.4M | -3.7M | -18.7M | -16.2M | -28.5M | -24.6M |
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 | -6.7M | -8.1M | -9.2M | -7M | -9.9M | -7.8M | -8.5M | -6.7M | -4.9M | -3.3M | -4.6M | -3.9M |
| Depreciation & amortization | 65K | 66K | 58K | 67K | 70K | 71K | 45K | 61K | 61K | 61K | 68K | 55K |
| Stock-based compensation | 1.1M | 1.1M | 1.2M | 1.1M | 896K | 534K | 586K | 621K | 522K | 358K | 330K | 319K |
| Change in working capital | 570K | 55K | 277K | -2.4M | -650K | 587K | -2.2M | -1.6M | 4.1M | -9.4M | 6.1M | 1.2M |
| Operating cash flow | -5M | -7M | -7.6M | -8.2M | -9.6M | -6.7M | -10M | -5.6M | -5.7M | -3.4M | -5.5M | -3.1M |
| Capital expenditure | -58K | -30K | 0 | -3K | 0 | -1K | 0 | — | — | — | — | — |
| Investing cash flow | -58K | -30K | 0 | -3K | 0 | -1K | 0 | — | — | — | — | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | -3K | 2.4M | 12M | -203K | 312K | 11.4M | 1.3M | 752K | 33.9M | 599K | -277K | 6.6M |
| Net change in cash | -5.1M | -4.5M | 4.3M | -8.4M | -9.3M | 4.7M | -8.7M | -4.9M | 28.2M | -2.8M | -5.8M | 3.6M |
| Free cash flow | -4.2M | -5.5M | -7.2M | -6M | -6.9M | -8.4M | -9.9M | -5.6M | -5.7M | -3.4M | -5.5M | -3.1M |