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 | -$0.52 | -$0.57 | -9.6% | — | $0 | — |
| Q1 26 | -$1.88 | -$1.33 | +29.3% | — | $0 | — |
| Q4 25 | -$1.23 | -$0.53 | +56.9% | — | $0 | — |
| Q3 25 | -$2.53 | -$1.41 | +44.3% | — | $0 | — |
| Q2 25 | -$3.7 | -$3.39 | +8.4% | — | $0 | — |
| Q1 25 | -$4.9 | -$4.2 | +14.3% | — | $0 | — |
| Q4 24 | -$10.6 | -$0.3 | +97.2% | — | $0 | — |
| Q3 24 | -$11.2 | -$11.1 | +0.9% | — | $0 | — |
| Q1 24 | -$16.9 | -$22.2 | -31.4% | — | $0 | — |
| Q4 23 | -$15.9 | -$12 | +24.5% | — | $0 | — |
| Q3 23 | -$13.3 | -$24.8 | -86.1% | — | $0 | — |
| Q2 23 | -$19.9 | -$21.9 | -9.8% | — | $0 | — |
| Q1 23 | -$26 | -$22.8 | +12.4% | — | $0 | — |
| Q4 22 | -$32.3 | -$16.5 | +48.8% | — | $0 | — |
| Q3 22 | -$37.7 | -$38.4 | -1.9% | — | $0 | — |
| Q2 22 | -$31.1 | -$36.6 | -17.9% | — | $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 | — | -$8.35 | — | — | $0 | — |
| FY24 | — | -$36.6 | — | — | $0 | — |
| FY23 | — | -$3.5 | — | — | $0 | — |
| FY22 | — | -$4.51 | — | — | $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 |
| YoY change | — | — | 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 |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — |
| Research & development | 4.8M | 9.5M | 6.8M | 9M | 10.1M | 17.6M | 18.3M | 27.3M | 26.1M | 11.5M |
| Selling, general & administrative | 4.7M | 4.1M | 4.8M | 5.2M | 5.1M | 6.5M | 10.5M | 11.7M | 25.6M | 11.5M |
| Operating expenses | 9.4M | 13.6M | 11.7M | 14.2M | 15.3M | 24.1M | 28.8M | 39M | 51.8M | 23M |
| Operating income | -9.4M | -13.6M | -11.7M | -14.2M | -15.3M | -24.1M | -28.8M | -39M | -51.8M | -23M |
| Operating margin | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | 3.3M | 22.1K | -1.6M | 43K | 185.3K | 6.6K | -3.2M | -4.3M | 6.1M | 753.7K |
| Pretax income | -6.2M | -13.6M | -13.2M | -14.1M | -15.1M | -24.1M | -31.9M | -42.8M | -44.5M | -21.8M |
| Income tax | — | — | — | — | — | 0 | -60K | -60K | 66K | 0 |
| Net income | -6.2M | -13.6M | -13.2M | -14.1M | -15.1M | -24.1M | -31.8M | -42.8M | -44.6M | -21.8M |
| Net margin | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -12.4M | -12.1M | -10M | -14.1M | -15.3M | -24M | -32.3M | -35M | -65.3M | -23.5M |
| EPS | -214 | -107 | -52.3 | -18.4 | -7.6 | -4.3 | -4.51 | -3.5 | -36.6 | -8.35 |
| Diluted EPS | -214 | -107 | -52.3 | -18.4 | -7.6 | -4.3 | -4.51 | -3.5 | -42 | -8.35 |
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 | 7M | 7.9M | 7.1M | 7.3M | 5.5M | 6.2M | 3.4M | 2.4M | 2.5M | 3.2M | 3M | 4.6M |
| Selling, general & administrative | 2.4M | 4.6M | 4.9M | 6.4M | 7.8M | 6.5M | 3M | 3.6M | 2.3M | 2.5M | 2.8M | 2.6M |
| Operating expenses | 9.4M | 12.5M | 12M | 13.7M | 13.3M | 12.7M | 6.4M | 6M | 4.9M | 5.7M | 5.8M | 7.2M |
| Operating income | -9.4M | -12.5M | -12M | -13.7M | -13.3M | -12.7M | -6.4M | -6M | -4.9M | -5.7M | -5.8M | -7.2M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | -8.2M | 4.9M | -15M | 12.5M | -1.7M | 10.2M | -340K | 501.6K | 294.3K | 297.8K | 77K | 132K |
| Pretax income | -17.5M | -7.5M | -26.6M | -919.4K | -14.7M | -2.3M | -6.6M | -5.4M | -4.4M | -5.3M | -5.7M | -6.9M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — |
| Net income | -17.5M | -7.4M | -26.6M | -919.4K | -14.7M | -2.4M | -6.6M | -5.4M | -4.4M | -5.3M | -5.7M | -6.9M |
| Net margin | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -1.7M | -17.4M | 3M | -26.1M | -19.3M | -22.9M | -6M | -6.5M | -5.1M | -5.9M | -5.9M | -7.3M |
| EPS | -1.55 | — | -0.91 | -0.03 | -11.1 | — | -4.2 | -3.39 | -1.41 | — | -1.33 | -0.57 |
| Diluted EPS | -1.55 | — | -0.91 | -0.18 | -12 | — | -4.2 | -3.39 | -1.41 | — | -1.33 | -0.57 |
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 | — | — | — | — | — | — | — | — | — | — | 17.3M |
| Enterprise value | — | — | — | — | — | — | — | — | — | — | -15.4M |
| Shares outstanding | 43.7K | 140.3K | 296.2K | 767.5K | 2M | 5.6M | 7.1M | 12.2M | 1.2M | 2.6M | 2.6M |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | — | — | — | -0.22 |
| P/B | — | — | — | — | — | — | — | — | — | — | 0.52 |
| EV/EBITDA | — | — | — | — | — | — | — | — | — | — | 0.66 |
| Earnings yield | — | — | — | — | — | — | — | — | — | — | -456.3% |
| FCF yield | — | — | — | — | — | — | — | — | — | — | -72.4% |
| PEG | — | — | — | — | — | — | — | — | — | — | 0 |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | — | — | — | — | — | 0% |
| Net margin | — | — | — | — | — | — | — | — | — | — | 0% |
| ROE | -45.6% | -126.1% | -99.8% | -155.6% | -27.5% | -73% | -389.9% | 282.1% | -311.9% | -255.2% | -119.6% |
| ROA | -40.3% | -105.4% | -87.9% | -115% | -25.7% | -64.8% | -147.3% | -354.2% | -175% | -145.5% | -58.4% |
| ROIC | — | — | — | — | — | 1K% | 259.4% | 161.2% | 609.2% | 540.8% | 540.8% |
| Return on tangible assets | -51.6% | -142.5% | -87.9% | -115% | -25.7% | -64.8% | -147.3% | -354.2% | -175% | -145.5% | -60.9% |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 7.47 | 4.95 | 8.6 | 4.11 | 16.3 | 9.16 | 1.78 | 0.41 | 2.58 | 2.96 | 6.66 |
| Quick ratio | 7.47 | 4.95 | 8.6 | 4.11 | 16.3 | 9.16 | 1.78 | 0.41 | 2.58 | 2.96 | 6.66 |
| Debt / equity | 0.01 | 0 | 0 | 0.06 | 0.01 | 0.01 | 0.07 | -0.04 | 0.03 | 0.05 | 0.05 |
| Debt / assets | 0.01 | 0 | 0 | 0.04 | 0.01 | 0.01 | 0.03 | 0.05 | 0.02 | 0.03 | 0.04 |
| Net debt / EBITDA | 0.92 | 0.83 | 1.33 | 0.72 | 3.7 | 1.48 | 0.6 | 0.26 | 0.35 | 0.54 | 1.34 |
| Effective tax rate | — | — | — | — | — | 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 |
| EPS (basic) | -214 | -107 | -52.3 | -18.4 | -7.6 | -4.3 | -4.51 | -3.5 | -36.6 | -8.35 | -8.35 |
| EPS (diluted) | -214 | -107 | -52.3 | -18.4 | -7.6 | -4.3 | -4.51 | -3.5 | -42 | -8.35 | -2.21 |
| Book value per share | 310.1 | 76.6 | 44.8 | 11.8 | 27.7 | 5.95 | 1.16 | -1.24 | 11.7 | 3.27 | 3.62 |
| FCF per share | -191.3 | -81 | -39.9 | -15.3 | -7.06 | -4.09 | -3.61 | -2.72 | -39.1 | -8.87 | -1.59 |
| Cash per share | 262.1 | 71.3 | 44.8 | 13.8 | 28.9 | 6.43 | 2.82 | 0.78 | 19.1 | 5.06 | 3.6 |
| Capex per share | 1.65 | 2.47 | 1.11 | 0.03 | 0.03 | 0.03 | 0.03 | 0.07 | 0.09 | — | — |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Capex / operating cash flow | -1.52% | -2.95% | -2.62% | -0.2% | -0.43% | -0.62% | -0.84% | -2.44% | -0.26% | — | — |
| Payout ratio | — | — | — | — | — | — | — | — | — | — | 0% |
| FY21 | — | -$4.3 | — | — | $0 | — |
| FY20 | — | -$7.6 | — | — | $0 | — |
| FY19 | — | -$18.4 | — | — | $0 | — |
| FY18 | — | -$52.3 | — | — | $0 | — |
| FY17 | — | -$107 | — | — | $0 | — |
| FY16 | — | -$214 | — | — | — | — |
| 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 | 11.4M | 10M | 13.3M | 10.6M | 57.2M | 35.7M | 19.9M | 9.6M | 23.3M | 13.2M |
| Receivables | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 12.2M | 10.5M | 14M | 11.4M | 57.9M | 36.6M | 20.5M | 10.5M | 24.3M | 14M |
| Property, plant & equipment | 1.4M | 244.7K | 543.3K | 783.9K | 638.3K | 344.5K | 979K | 1.6M | 1.2M | 909.7K |
| Goodwill & intangibles | 3.4M | 3.4M | 0 | — | — | — | — | — | — | — |
| Total assets | 15.3M | 12.9M | 15.1M | 12.3M | 58.7M | 37.2M | 21.6M | 12.1M | 25.5M | 15M |
| Accounts payable | — | 933K | 612K | 1.3M | 1.4M | 1.4M | 2.6M | 5.6M | 611K | 1.4M |
| Short-term debt | 89.3K | 3K | 2.2K | 105.9K | 119.9K | 135.4K | 50.8K | 59K | 84.4K | 100.2K |
| Total current liabilities | 1.6M | 2.1M | 1.6M | 2.8M | 3.6M | 4M | 11.5M | 25.4M | 9.4M | 4.7M |
| Long-term debt | 5.2K | 2.2K | 0 | 421.6K | 301.7K | 166.3K | 553K | 494K | 409.6K | 309.4K |
| Total liabilities | 1.8M | 2.1M | 1.8M | 3.2M | 3.9M | 4.2M | 13.4M | 27.2M | 11.2M | 6.4M |
| Shareholders' equity | 13.5M | 10.8M | 13.3M | 9.1M | 54.8M | 33M | 8.2M | -15.2M | 14.3M | 8.5M |
| Total debt | 94.6K | 5.2K | 2.2K | 527.5K | 421.6K | 301.7K | 603.8K | 553K | 494K | 409.6K |
| Net debt | -11.4M | -10M | -13.3M | -10.1M | -56.7M | -35.4M | -19.3M | -9M | -22.8M | -12.8M |
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 | 19M | 9.6M | 40M | 25.9M | 34.3M | 23.3M | 13.9M | 11M | 12.6M | 13.2M | 8.3M | 34M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 20.1M | 10.5M | 41.4M | 27.9M | 35.9M | 24.3M | 14.9M | 12.6M | 13.6M | 14M | 9.3M | 34.9M |
| Property, plant & equipment | 893.5K | 1.6M | 1.5M | 1.4M | 910.1K | 1.2M | 1.1M | 1M | 976.1K | 909.7K | 1.8M | 1.7M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 21.6M | 12.1M | 42.9M | 29.4M | 37.3M | 25.5M | 16M | 13.7M | 14.6M | 15M | 11.1M | 36.6M |
| Accounts payable | — | 5.6M | — | — | — | 611K | — | — | — | 1.4M | — | — |
| Short-term debt | 56.3K | 59K | 74K | 77.3K | 80.8K | 84.4K | 88.1K | 92K | 96K | 100.2K | — | 2K |
| Total current liabilities | 16.5M | 25.4M | 16.3M | 15.2M | 20.3M | 9.4M | 6M | 5.9M | 4.9M | 4.7M | 4.9M | 5.2M |
| Long-term debt | 512.8K | 494K | 474.3K | 453.5K | 431.9K | 409.6K | 386.2K | 361.5K | 335.9K | 309.4K | 1.5M | 1.5M |
| Total liabilities | 34.9M | 27.2M | 16.7M | 17M | 22.1M | 11.2M | 7.8M | 7.6M | 6.6M | 6.4M | 7.8M | 6.8M |
| Shareholders' equity | -13.4M | -15.2M | 26.2M | 12.4M | 15.2M | 14.3M | 8.3M | 6.1M | 8M | 8.5M | 3.3M | 29.9M |
| Total debt | 569K | 553K | 548.3K | 530.9K | 512.8K | 494K | 474.3K | 453.5K | 431.9K | 409.6K | 1.5M | 1.5M |
| Net debt | -18.4M | -9M | -39.5M | -25.3M | -33.8M | -22.8M | -13.4M | -10.6M | -12.1M | -12.8M | -6.8M | -32.5M |
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 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -6.2M | -13.6M | -13.2M | -14.1M | -15.1M | -24.1M | -28.6M | -38M | -44.6M | -21.8M |
| Depreciation & amortization | 356.7K | 1.5M | 82.3K | 132.8K | 141.5K | 149.9K | 148.4K | 192.4K | 291.7K | 213.6K |
| Stock-based compensation | 529.2K | 758.8K | 721.2K | 866.8K | 467.5K | 1.1M | 1.5M | 2.4M | 4.3M | 2.3M |
| Change in working capital | -2.3K | -481.1K | -162.4K | 873.4K | -105.9K | -119.9K | -144K | -50.8K | -59K | -84.4K |
| Operating cash flow | -4.8M | -11.7M | -12.6M | -12.2M | -14.5M | -22.9M | -27.1M | -35.4M | -40M | -23.1M |
| Capital expenditure | -72.3K | -346.7K | -330K | -24.5K | -62.4K | -141.4K | -226K | -864K | -104.2K | — |
| Investing cash flow | -72.3K | -346.7K | -330K | -24.5K | -62.4K | -141.4K | -226K | -864K | -104.2K | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 15.9M | 9.9M | 15M | 9M | 59.9M | 34.9K | 9.6M | 22.1M | 0 | 5.8M |
| Net change in cash | 11.1M | -2.2M | 2.1M | -3.2M | 45.3M | -23M | -17.7M | -14.1M | -40.1M | -17.3M |
| Free cash flow | -8.4M | -11.4M | -11.8M | -11.7M | -14M | -22.7M | -25.4M | -33.2M | -47.7M | -23.1M |
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 | -17.5M | -7.4M | -26.6M | -919.4K | -14.7M | -2.4M | -6.6M | -5.4M | -4.4M | -5.3M | -5.7M | -6.9M |
| Depreciation & amortization | 41.2K | 70K | 88.5K | 66K | 68.6K | 68.6K | 56.3K | 55.6K | 52.3K | 49.5K | -110K | 35.5K |
| Stock-based compensation | 497.9K | 1.1M | 454.4K | 799.3K | 1.5M | 1.5M | 562.7K | 565.4K | 567.8K | 567.8K | 451.9K | 428.3K |
| Change in working capital | -15.5K | -16K | 10.8K | -17.5K | -18.1K | -18.7K | -1.7K | -20.8K | -21.6K | -22.3K | 0 | 2.7K |
| Operating cash flow | -17M | -6.3M | -26.1M | -55.6K | -13.1M | -803.1K | -6M | -5.1M | -4.3M | -4.3M | -4.8M | -6M |
| Capital expenditure | -597.3K | -266.8K | -21.6K | -21.3K | 0 | -61.3K | 0 | — | — | — | — | — |
| Investing cash flow | -597.3K | -266.8K | -21.6K | -21.3K | 0 | -61.3K | 0 | — | — | — | — | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | — | 0 | — | — | — | 0 | — | — | 5.8M | 0 | — | — |
| Net change in cash | -17.6M | -6.6M | -26.1M | -76.8K | -13.1M | -864.4K | -6M | -5.1M | 1.5M | -4.3M | -4.8M | -6M |
| Free cash flow | -8.7M | -9.9M | -13.4M | -14.2M | -9.2M | -11M | -9.4M | -5.1M | -4.3M | -4.4M | -4.8M | -6M |