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 | -$0.26 | -$0.48 | -84.6% | — | $90K | — |
| Q1 26 | -$0.7 | -$0.24 | +65.7% | — | $15K | — |
| Q4 25 | -$0.42 | -$0.78 | -85.7% | — | $77K | — |
| Q3 25 | -$0.56 | -$0.61 | -8.9% | — | $15K | — |
| Q2 25 | -$0.46 | -$0.88 | -91.3% | — | $27K | — |
| Q1 25 | -$0.78 | -$0.5 | +35.9% | — | $81K | — |
| Q4 24 | -$0.88 | -$1.36 | -54.5% | — | $91K | — |
| Q3 24 | -$1.29 | -$1.11 | +14.0% | — | $87K | — |
| Q2 24 | -$1.42 | -$1.3 | +8.5% | — | $91K | — |
| Q1 24 | -$1.47 | -$1.53 | -4.1% | — | $73K | — |
| Q4 23 | -$1.47 | -$1.28 | +12.9% | — | $170K | — |
| Q3 23 | -$1.53 | -$1.54 | -0.7% | — | $108K | — |
| Q2 23 | -$2.13 | -$6.06 | -184.5% | — | $269K | — |
| Q1 23 | -$0.14 | -$0.15 | -7.1% | — | $107K | — |
| Q4 22 | -$2.48 | -$3.15 | -27.0% | — | $234K | — |
| Q3 22 | -$4 | -$2.94 | +26.5% | — | $174K | — |
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 | — | -$2.65 | — | — | $200K | — |
| FY24 | — | -$5.67 | — | — | $342K | — |
| FY23 | — | -$9.4 | — | — | $654K | — |
| FY22 | — | -$9.2 | — | — | $473K | — |
| FY21 | — | -$3.2 |
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 | $206K | $723K | $473K | $654K | $342K | $200K |
| YoY change | — | +InfinityT% | +251% | -34.6% | +38.3% | -47.7% | -41.5% |
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 |
|---|
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 | 206K | 723K | 473K | 654K | 342K | 200K |
| Cost of revenue | 0 | 65K | 289K | 26K | 121K | 70K | 43K |
| Gross profit | 0 | 141K | 434K | 447K | 533K | 272K | 157K |
| Gross margin | — | 68.4% | 60% | 94.5% | 81.5% | 79.5% | 78.5% |
| Research & development | 9.6M | 15.2M | 28.4M | 31.9M | 26.7M | 20.1M | 14M |
| Selling, general & administrative | 6.8M | 3.3M | 18.8M | 16.2M | 13.4M | 12.3M | 8.4M |
| Operating expenses | 15.7M | 15.3M | 45.7M | 45M | 39.1M | 32M | 21.8M |
| Operating income | -15.7M | -15.1M | -45.3M | -44.6M | -38.6M | -32M | -21.8M |
| Operating margin | — | -7.3K% | -6.3K% | -9.4K% | -5.9K% | -9.3K% | -10.9K% |
| Non-operating income, net | -334K | -917K | 39.2M | 18.5M | -6.4M | -3.5M | -885K |
| Pretax income | -16.2M | -18.9M | -10.2M | -29.9M | -49.5M | -39.4M | -26.2M |
| Income tax | 0 | 406K | -428K | 0 | 0 | 0 | 0 |
| Net income | -16.2M | -19.3M | -9.7M | -29.9M | -49.5M | -39.4M | -26.2M |
| Net margin | — | -9.4K% | -1.3K% | -6.3K% | -7.6K% | -11.5K% | -13.1K% |
| EBITDA | -14.9M | -16M | -47.5M | -44.1M | -52M | -32.5M | -21.1M |
| EPS | -18.5 | -22 | -3.2 | -9.2 | -9.4 | -5.67 | -2.65 |
| Diluted EPS | -18.5 | -22 | -3.2 | -9.2 | -9.4 | -5.67 | -2.65 |
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 | 108K | 170K | 73K | 91K | 87K | 91K | 81K | 27K | 15K | 77K | 15K | 90K |
| Cost of revenue | 12K | 38K | 16K | 18K | 18K | 18K | 20K | 0 | 0 | 23K | 0 | 36K |
| Gross profit | 96K | 132K | 57K | 73K | 69K | 73K | 61K | 27K | 15K | 54K | 15K | 54K |
| Gross margin | 88.9% | 77.6% | 78.1% | 80.2% | 79.3% | 80.2% | 75.3% | 100% | 100% | 70.1% | 100% | 60% |
| Research & development | 6M | 6.7M | 5.9M | 4.2M | 4.5M | 5.6M | 1.5M | 3.5M | 3.5M | 5.5M | 329K | 3.5M |
| Selling, general & administrative | 3.2M | 3.3M | 3.2M | 3.2M | 3.2M | 2.7M | 2.4M | 2.2M | 2M | 1.8M | 1.6M | 1.9M |
| Operating expenses | 8.9M | 9.9M | 8.8M | 7.3M | 7.7M | 8.2M | 3.6M | 5.6M | 5.4M | 7.3M | 1.7M | 5.2M |
| Operating income | -8.8M | -9.8M | -8.7M | -7.2M | -7.6M | -8.4M | -3.6M | -5.6M | -5.4M | -7.2M | -1.7M | -5.2M |
| Operating margin | -8.2K% | -5.7K% | -11.9K% | -8K% | -8.7K% | -9.3K% | -4.4K% | -20.8K% | -35.8K% | -9.4K% | -11.3K% | -5.7K% |
| Non-operating income, net | 7.5M | 438K | -1.2M | 1.6M | 697K | -4.5M | 3.7M | -954K | -2.5M | -1.1M | -5.3M | -7.5M |
| Pretax income | -2.4M | -10.2M | -11.1M | -6.8M | -8M | -13.5M | -751K | -7.4M | -8.8M | -9.2M | -8.1M | -13.4M |
| Income tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income | -2.4M | -10.2M | -11.1M | -6.8M | -8M | -13.5M | -751K | -7.4M | -8.8M | -9.2M | -8.1M | -13.4M |
| Net margin | -2.2K% | -6K% | -15.2K% | -7.5K% | -9.2K% | -14.9K% | -927.2% | -27.5K% | -58.5K% | -12K% | -53.9K% | -14.9K% |
| EBITDA | -8.3M | -9M | -8.2M | -6.7M | -7.3M | -10.4M | -3.4M | -5.4M | -5.2M | -7.1M | -6.6M | -4.9M |
| EPS | -0.38 | — | -1.8 | -1.06 | -1.22 | — | -0.09 | -0.78 | -0.85 | — | -0.69 | -1.08 |
| Diluted EPS | -0.38 | — | -1.8 | -1.06 | -1.22 | — | -0.09 | -0.78 | -0.85 | — | -0.69 | -1.08 |
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 | 183.4M | 189.4M | — | 65.2M | — | — | — | 57.7M |
| Enterprise value | 177.5M | 134.4M | — | 73.7M | — | — | — | 64.8M |
| Shares outstanding | 875.2K | 875.2K | 3.1M | 3.3M | 5.2M | 7M | 9.9M | 9.9M |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | -1.54 |
| P/S | — | 919.4 | — | 137.9 | — | — | — | 292.9 |
| P/B | -2.71 | 555.4 | — | 20.1 | — | — | — | -2.04 |
| EV/EBITDA | -11.9 | -8.4 | — | -1.67 | — | — | — | -3.39 |
| EV/Sales | — | 652.6 | — | 155.8 | — | — | — | 329.1 |
| Earnings yield | — | — | — | — | — | — | — | -65% |
| FCF yield | -7.35% | -10.2% | — | -67.8% | — | — | — | -17.1% |
| PEG | — | — | — | — | — | — | — | -0.04 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Gross margin | — | 68.4% | 60% | 94.5% | 81.5% | 79.5% | 78.5% | 60% |
| Operating margin | — | -7.3K% | -6.3K% | -9.4K% | -5.9K% | -9.3K% | -10.9K% | -5.9K% |
| Net margin | — | -9.4K% | -1.3K% | -6.3K% | -7.6K% | -11.5K% | -13.1K% | 78.5% |
| ROE | 23.8% | -5.7K% | -77.3% | -924.3% | -369.7% | 444.8% | 148.8% | 148.8% |
| ROA | -108.6% | -28.2% | -15.4% | -67.2% | -94.6% | -144.1% | -144.4% | -56.9% |
| ROIC | 21.4% | 27.7% | 331.7% | -379.3% | -365.8% | 18.9K% | 2K% | 160.9% |
| Return on tangible assets | -108.6% | -28.2% | -15.4% | -67.2% | -94.6% | -144.1% | -144.4% | -171.5% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Current ratio | 2.2 | 5.4 | 9.06 | 2.11 | 1.53 | 1.57 | 0.83 | 3.07 |
| Quick ratio | 2.19 | 5.38 | 9.05 | 2.1 | 1.53 | 1.56 | 0.83 | 3.07 |
| Debt / equity | -0.04 | 12.7 | 1.91 | 9.83 | 2.4 | -2.35 | -1.23 | -0.01 |
| Debt / assets | 0.19 | 0.06 | 0.38 | 0.72 | 0.61 | 0.76 | 1.2 | 0.97 |
| Net debt / EBITDA | 0.4 | 3.43 | 0.55 | -0.19 | 0.05 | -0.27 | -0.78 | -0.53 |
| Interest coverage | -182.6 | -18.9 | -10.7 | -8.08 | -9.86 | -8.69 | -8.76 | -12.7 |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0.24 | 0.23 | 0.15 | 0.12 | 0.05 | 0.02 | 0.02 |
| EPS (basic) | -18.5 | -22 | -3.2 | -9.2 | -9.4 | -5.67 | -2.65 | -2.65 |
| EPS (diluted) | -18.5 | -22 | -3.2 | -9.2 | -9.4 | -5.67 | -2.65 | -3.35 |
| Book value per share | -77.4 | 0.39 | 4.09 | 0.99 | 2.55 | -1.27 | -1.78 | -1.94 |
| FCF per share | -15.4 | -22.1 | -11.7 | -13.6 | -5.81 | -3.07 | -1.89 | -1.29 |
| Cash per share | 10 | 67.7 | 16.3 | 7.15 | 6.67 | 1.75 | 0.53 | 0.75 |
| Capex per share | 0.34 | 0.44 | 0.43 | 1.59 | 0.06 | 0 | — | — |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Capex / revenue | — | 187.9% | 184.2% | 1.1K% | 50.5% | 4.39% | — | — |
| Capex / operating cash flow | -1.95% | -1.25% | -4.03% | -13.8% | -1.29% | -0.06% | — | — |
| Payout ratio | — | — | — | — | — | — | — | 0% |
| — |
| — |
| $723K |
| — |
| FY20 | — | -$22 | — | — | $206K | — |
| FY19 | — | -$18.5 | — | — | $0 | — |
| Q1 24 |
|---|
| Q2 24 |
|---|
| Q3 24 |
|---|
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $108K | $170K | $73K | $91K | $87K | $91K | $81K | $27K | $15K | $77K | $15K | $90K |
| YoY change | -37.9% | -27.4% | -31.8% | -66.2% | -19.4% | -46.5% | +11% | -70.3% | -82.8% | -15.4% | -81.5% | +233.3% |
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 | 8.8M | 59.3M | 50.3M | 23.3M | 35M | 12.2M | 5.2M |
| Receivables | 0 | 21K | 49K | 189K | 143K | 64K | 0 |
| Inventory | 28K | 191K | 41K | 43K | 37K | 68K | 37K |
| Total current assets | 9.5M | 63M | 54.6M | 29.2M | 38.9M | 16.2M | 9M |
| Property, plant & equipment | 5.4M | 5.3M | 8.4M | 15.2M | 13.4M | 11.1M | 9.1M |
| Goodwill & intangibles | — | — | — | — | — | — | — |
| Total assets | 14.9M | 68.2M | 63.1M | 44.5M | 52.3M | 27.3M | 18.1M |
| Accounts payable | 889K | 1.1M | 1.9M | 3M | 1.5M | 1.2M | 892K |
| Short-term debt | 416K | 384K | 493K | 7M | 20.1M | 1.3M | 4.9M |
| Total current liabilities | 4.3M | 11.7M | 6M | 13.9M | 25.3M | 10.3M | 10.8M |
| Long-term debt | 2.5M | 3.9M | 23.5M | 24.8M | 12.1M | 19.6M | 16.8M |
| Total liabilities | 82.7M | 67.9M | 50.5M | 41.3M | 39M | 36.2M | 35.7M |
| Shareholders' equity | -67.8M | 341K | 12.6M | 3.2M | 13.4M | -8.9M | -17.6M |
| Total debt | 2.9M | 4.3M | 24M | 31.8M | 32.2M | 20.8M | 21.7M |
| Net debt | -5.9M | -55M | -26.2M | 13.5M | 3.3M | 8.7M | 16.5M |
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 | 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 | 42.1M | 35M | 27.9M | 21.7M | 14.6M | 12.2M | 9.8M | 7.3M | 7.9M | 5.2M | 5.9M | 9.7M |
| Receivables | 64K | 143K | 64K | 0 | 0 | 64K | 0 | 0 | 0 | 0 | 3M | 43K |
| Inventory | 104K | 37K | 37K | 37K | 128K | 68K | 38K | 79K | 61K | 37K | 54K | 37K |
| Total current assets | 46.4M | 38.9M | 32.1M | 27.9M | 19.7M | 16.2M | 14.7M | 12M | 12.7M | 9M | 13M | 14.9M |
| Property, plant & equipment | 13.9M | 13.4M | 12.9M | 12.4M | 11.8M | 11.1M | 10.6M | 10.1M | 9.6M | 9.1M | 8.6M | 8.1M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 60.4M | 52.3M | 45.1M | 40.3M | 31.6M | 27.3M | 25.3M | 22.1M | 22.3M | 18.1M | 21.7M | 23M |
| Accounts payable | 1.9M | 1.5M | 1.6M | 1.1M | 1.7M | 1.2M | 1.4M | 828K | 1.4M | 892K | 1.3M | 1.1M |
| Short-term debt | 10.2M | 20.1M | 20.6M | 21.1M | 11.6M | 1.3M | 4.1M | 1.4M | 2M | 4.9M | 2.7M | 1.2M |
| Total current liabilities | 15.3M | 25.3M | 26.2M | 28.1M | 23.8M | 10.3M | 10.8M | 7.6M | 8.3M | 10.8M | 6.7M | 4.9M |
| Long-term debt | 21.7M | 12.1M | 11.8M | 11.5M | 11.3M | 19.6M | 16.8M | 19.5M | 19.3M | 16.8M | 19.4M | 21.1M |
| Total liabilities | 39M | 39M | 40.8M | 40.8M | 35.7M | 36.2M | 30.3M | 30.7M | 34.7M | 35.7M | 40.5M | 47.8M |
| Shareholders' equity | 21.4M | 13.4M | 4.3M | -504K | -4.1M | -8.9M | -5M | -8.6M | -12.4M | -17.6M | -18.8M | -24.8M |
| Total debt | 31.9M | 32.2M | 32.4M | 32.6M | 22.9M | 20.8M | 20.9M | 20.8M | 21.3M | 21.7M | 22M | 22.3M |
| Net debt | -10.2M | 3.3M | 10.7M | 10.9M | 8.2M | 8.7M | 11.1M | 13.6M | 13.4M | 16.5M | 16.1M | 12.7M |
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 | -16.2M | -19.3M | -9.7M | -29.9M | -49.5M | -39.4M | -26.2M |
| Depreciation & amortization | 848K | 963K | 955K | 1M | 1.7M | 1.6M | 1.5M |
| Stock-based compensation | 399K | 761K | 12.4M | 8.5M | 9.1M | 8M | 6.4M |
| Change in working capital | -341K | -266K | 975K | -350K | -2M | -637K | -1.3M |
| Operating cash flow | -15.1M | -31M | -33M | -37.7M | -25.7M | -26.6M | -18.5M |
| Capital expenditure | -294K | -387K | -1.3M | -5.2M | -330K | -15K | — |
| Investing cash flow | -294K | -387K | -1.3M | -10.2M | -1.5M | 6.3M | 0 |
| Dividends paid | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — |
| Financing cash flow | 5.5M | 69.5M | 26.7M | 16.9M | 42.2M | -1.7M | 11.5M |
| Net change in cash | -9.9M | 38.1M | -7.7M | -30.9M | 15M | -22M | -7M |
| Free cash flow | -13.5M | -19.3M | -36M | -44.2M | -30.5M | -21.3M | -18.6M |
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 | -2.4M | -10.2M | -11.1M | -6.8M | -8M | -13.5M | -751K | -7.4M | -8.8M | -9.2M | -8.1M | -13.4M |
| Depreciation & amortization | 439K | 422K | 420K | 414K | 406K | 405K | 404K | 366K | 365K | 360K | 355K | 353K |
| Stock-based compensation | 2.4M | 2M | 2M | 2M | 2.2M | 1.8M | 1.9M | 1.4M | 1.7M | 1.4M | 1.3M | 1M |
| Change in working capital | 957K | -551K | 60K | -681K | 435K | -451K | 116K | -814K | 107K | -662K | 185K | -416K |
| Operating cash flow | 735K | -7.8M | -8.1M | -4.7M | -4.4M | -9.4M | 2.1M | -4.7M | -4M | -4.8M | -4.5M | -2.6M |
| Capital expenditure | -48K | -43K | -11K | -2K | -1K | -1K | 0 | — | — | — | — | — |
| Investing cash flow | -48K | -6.2M | 71K | 6.2M | -1K | -2K | 0 | 0 | 0 | 0 | — | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | -37K | -18K | -19K | -8K | -8M | 6.3M | 2.7M | 2.1M | 3.1M | 2.1M | 5.2M | 6.3M |
| Net change in cash | 650K | -14M | -8.1M | 1.5M | -12.4M | -3M | 4.8M | -2.6M | -850K | -2.7M | 706K | 3.7M |
| Free cash flow | -6.8M | -7.2M | -7.1M | -6.4M | -3M | -4.9M | -5M | -4.7M | -4M | -4.8M | -4.5M | -2.6M |