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 25 | -$0.6 | -$1.14 | -90.0% | — | $201K | — |
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 % |
|---|---|---|---|---|---|---|
| FY24 | — | -$7.05 | — | — | $1.7M | — |
| FY23 | — | -$0.53 | — | — | $8.2M | — |
| FY22 | — | -$0.55 | — | — | $1.3M | — |
| FY21 | — | $0.01 | — | — | $29.6M | — |
| FY20 | — | -$0.39 | — | — | $7.9M | — |
| FY19 | — | -$0.81 | — | — | $2.2M | — |
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 |
|---|---|---|---|---|---|---|
| Revenue | $2.2M | $7.9M | $29.6M | $1.3M | $8.2M | $1.7M |
| YoY change | — | +263.3% | +274.7% | -95.5% | +519.9% | -79.8% |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 |
|---|---|---|---|---|---|---|
| Revenue | $90K |
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 |
|---|---|---|---|---|---|---|
| Revenue | 2.2M | 7.9M | 29.6M | 1.3M | 8.2M | 1.7M |
| Cost of revenue | — | 0 | 0 | 204K | 355K | 149K |
| Gross profit | — | 7.9M | 29.6M | 1.1M | 7.9M | 1.5M |
| Gross margin | — | 100% | 100% | 84.6% | 95.7% | 91% |
| Research & development | 15.7M | 15.1M | 18.5M | 19.6M | 20.8M | 18.6M |
| Selling, general & administrative | 16.8M | 10.8M | 11.7M | 11.8M | 11.9M | 11.8M |
| Operating expenses | 32.5M | 25.8M | 30.2M | 31.4M | 32.7M | 30.4M |
| Operating income | -30.3M | -17.9M | -627K | -30.3M | -24.8M | -28.9M |
| Operating margin | -1.4K% | -227.2% | -2.12% | -2.3K% | -302% | -1.7K% |
| Non-operating income, net | -466K | -275K | 1M | 669K | 1.7M | 2.8M |
| Pretax income | -30.8M | -18.2M | 376K | -32.9M | -32.5M | -34.4M |
| Income tax | — | — | — | — | — | — |
| Net income | -30.8M | -18.2M | 376K | -32.9M | -32.5M | -34.4M |
| Net margin | -1.4K% | -230.7% | 1.27% | -2.5K% | -394.9% | -2.1K% |
| EBITDA | -30.1M | -18M | 554K | -29.5M | -23.1M | -24.3M |
| EPS | -0.81 | -0.39 | 0.01 | -0.55 | -0.53 | -7.05 |
| Diluted EPS | -0.81 | -0.39 | 0.01 | -0.55 | -0.53 | -7.05 |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 |
|---|---|---|---|---|---|---|
| Revenue | 90K | 1M | 306K | 2.3M | 492K | 201K |
| Cost of revenue | 0 | 0 | 149K | 248K | 0 | 0 |
| Gross profit | 90K | 1M | 157K | 2.1M | 492K | 201K |
| Gross margin | 100% | 100% | 51.3% | 89.4% | 100% | 100% |
| Research & development | 4.6M | 4.1M | 4.2M | 4.5M | 1.6M | 2.9M |
| Selling, general & administrative | 3.1M | 2.8M | 3.1M | 2.8M | 2.5M | 4.3M |
| Operating expenses | 7.7M | 7M | 7.3M | 7.3M | 4.1M | 7.2M |
| Operating income | -7.6M | -5.9M | -7.1M | -5.2M | -3.6M | -7M |
| Operating margin | -8.4K% | -571.7% | -2.3K% | -223.4% | -725.2% | -3.5K% |
| Non-operating income, net | 1.9M | 365K | 2.1M | 207K | 1.7M | 3.6M |
| Pretax income | -7.6M | -7.7M | -7.3M | -7.5M | -4.5M | -6M |
| Income tax | — | — | — | 715K | 0 | 0 |
| Net income | -7.6M | -7.7M | -7.3M | -8.2M | -4.5M | -6M |
| Net margin | -8.4K% | -740.7% | -2.4K% | -352.9% | -913.6% | -3K% |
| EBITDA | -5.2M | -5.2M | -4.6M | -4.8M | -1.6M | -3.3M |
| EPS | -0.1 | -1.5 | -1.5 | -1.65 | -0.9 | -1.14 |
| Diluted EPS | -0.1 | -1.5 | -1.5 | -1.65 | -0.9 | -1.14 |
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 | Current |
|---|---|---|---|---|---|---|---|
| Market cap | — | — | — | — | — | — | 1.3M |
| Enterprise value | — | — | — | — | — | — | -18M |
| Shares outstanding | 38.2M | 46.5M | 58.5M | 60.2M | 61.8M | 4.9M | 4.9M |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | Current |
|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | -0.04 |
| P/S | — | — | — | — | — | — | 0.78 |
| P/B | — | — | — | — | — | — | -0.02 |
| EV/EBITDA | — | — | — | — | — | — | 0.74 |
| EV/Sales | — | — | — | — | — | — | -10.8 |
| Earnings yield | — | — | — | — | — | — | -2.8K% |
| FCF yield | — | — | — | — | — | — | -2.6K% |
| PEG | — | — | — | — | — | — | 0 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | Current |
|---|---|---|---|---|---|---|---|
| Gross margin | — | 100% | 100% | 84.6% | 95.7% | 91% | 100% |
| Operating margin | -1.4K% | -227.2% | -2.12% | -2.3K% | -302% | -1.7K% | -1.5K% |
| Net margin | -1.4K% | -230.7% | 1.27% | -2.5K% | -394.9% | -2.1K% | 91% |
| ROE | -275.8% | -207.8% | 0.99% | -310.6% | 204.2% | 88.4% | 88.4% |
| ROA | -114.9% | -94.2% | 0.88% | -64.2% | -95.5% | -136.7% | -136.7% |
| Return on tangible assets | -114.9% | -94.2% | 0.88% | -64.2% | -95.5% | -136.7% | -223.3% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | Current |
|---|---|---|---|---|---|---|---|
| Current ratio | 2.31 | 1.82 | 9.08 | 8.54 | 4.42 | 4.44 | 2.98 |
| Quick ratio | 2.31 | 1.82 | 9.08 | 8.54 | 4.42 | 4.44 | 2.98 |
| Debt / equity | 0.57 | 0.23 | 0.02 | 0.12 | -0.06 | -0.02 | -0 |
| Debt / assets | 0.24 | 0.1 | 0.02 | 0.03 | 0.03 | 0.03 | 0.04 |
| Net debt / EBITDA | 0.54 | 0.85 | -53.7 | 1.59 | 1.21 | 0.79 | 0.44 |
| Interest coverage | — | — | — | -8.87 | -2.47 | -2.51 | -1.39 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | Current |
|---|---|---|---|---|---|---|---|
| Revenue per share | 0.06 | 0.17 | 0.51 | 0.02 | 0.13 | 0.34 | 0.34 |
| EPS (basic) | -0.81 | -0.39 | 0.01 | -0.55 | -0.53 | -7.05 | -7.05 |
| EPS (diluted) | -0.81 | -0.39 | 0.01 | -0.55 | -0.53 | -7.05 | -7.05 |
| Book value per share | 0.29 | 0.19 | 0.65 | 0.18 | -0.26 | -7.9 | -10.3 |
| FCF per share | -0.71 | -0.28 | -0.18 | -0.23 | -0.32 | -5.22 | -4.15 |
| Cash per share | 0.59 | 0.37 | 0.52 | 0.8 | 0.47 | 4.07 | 1.3 |
| Capex per share | 0 | 0 | 0 | 0 | 0.03 | 0.2 | 0.09 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | Current |
|---|---|---|---|---|---|---|---|
| Capex / revenue | 1.15% | 0.7% | 0% | 18.5% | 21.6% | 58.7% | 13.6% |
| Capex / operating cash flow | -0.12% | -0.44% | 0% | -1.75% | -9.48% | -4.87% | -3.97% |
| $1M |
| $306K |
| $2.3M |
| $492K |
| $201K |
| YoY change | — | — | — | — | +446.7% | -80.6% |
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 |
|---|---|---|---|---|---|---|
| Cash & short-term investments | 22.6M | 17.3M | 30.4M | 48.3M | 28.9M | 20M |
| Receivables | — | 0 | 10M | 0 | 170K | 507K |
| Inventory | — | — | — | — | — | — |
| Total current assets | 25.2M | 18.1M | 42.1M | 49.4M | 30.1M | 21.3M |
| Property, plant & equipment | 1.2M | 944K | 607K | 1.9M | 3.9M | 3.8M |
| Goodwill & intangibles | — | — | — | — | — | — |
| Total assets | 26.8M | 19.3M | 42.9M | 51.3M | 34M | 25.1M |
| Accounts payable | 1.3M | 2M | 941K | 1.1M | 2.2M | 1.5M |
| Short-term debt | 1.7M | 1.4M | 387K | 349K | 364K | 375K |
| Total current liabilities | 10.9M | 9.9M | 4.6M | 5.8M | 6.8M | 4.8M |
| Long-term debt | 4.7M | 616K | 288K | 936K | 649K | 328K |
| Total liabilities | 15.6M | 10.6M | 4.9M | 40.7M | 49.9M | 64M |
| Shareholders' equity | 11.2M | 8.8M | 38M | 10.6M | -15.9M | -38.9M |
| Total debt | 6.4M | 2M | 675K | 1.3M | 1M | 703K |
| Net debt | -16.2M | -15.3M | -29.8M | -47M | -27.9M | -19.3M |
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 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 |
|---|---|---|---|---|---|---|
| Cash & short-term investments | 29.4M | 23.6M | 20M | 13.6M | 9.4M | 6.8M |
| Receivables | 0 | 788K | 507K | 1.5M | 816K | 266K |
| Inventory | — | — | — | — | — | — |
| Total current assets | 29.8M | 25.1M | 21.3M | 16M | 11.8M | 8.3M |
| Property, plant & equipment | 4.1M | 4M | 3.8M | 3.7M | 3.5M | 3.4M |
| Goodwill & intangibles | — | — | — | — | — | — |
| Total assets | 33.9M | 29.2M | 25.1M | 19.7M | 15.3M | 11.6M |
| Accounts payable | 1.6M | 2.4M | 1.5M | 1.9M | 1.1M | 796K |
| Short-term debt | 370K | 373K | 375K | 378K | 381K | 384K |
| Total current liabilities | 5.9M | 5.6M | 4.8M | 5M | 3M | 2.8M |
| Long-term debt | 493K | 412K | 328K | 241K | 152K | 62K |
| Total liabilities | 62.2M | 64M | 64M | 65.6M | 64.1M | 65.6M |
| Shareholders' equity | -28.3M | -34.8M | -38.9M | -45.9M | -48.7M | -54M |
| Total debt | 863K | 785K | 703K | 619K | 533K | 446K |
| Net debt | -17.4M | -13.1M | -19.3M | -13M | -8.8M | -6.4M |
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 |
|---|---|---|---|---|---|---|
| Net income | -30.8M | -18.2M | 376K | -32.9M | -32.5M | -34.4M |
| Depreciation & amortization | 211K | 180K | 178K | 145K | 67K | 226K |
| Stock-based compensation | 4.6M | 3.6M | 5.1M | 4.9M | 4.2M | 4.5M |
| Change in working capital | 4.3M | 1.8M | -16M | 10.5M | 106K | -244K |
| Operating cash flow | -21.4M | -12.5M | -10.4M | -14.1M | -18.7M | -20.1M |
| Capital expenditure | -25K | -55K | 0 | -246K | -1.8M | -977K |
| Investing cash flow | 32.9M | -55K | 0 | -246K | -1.8M | -638K |
| Dividends paid | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — |
| Financing cash flow | 19M | 7.6M | 23.3M | 31.2M | 316K | 16.4M |
| Net change in cash | 30.5M | -4.9M | 12.9M | 16.9M | -20.2M | -4.3M |
| Free cash flow | -27.1M | -13.2M | -10.7M | -13.6M | -19.9M | -25.7M |
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 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 |
|---|---|---|---|---|---|---|
| Net income | -7.6M | -7.7M | -7.3M | -8.2M | -4.5M | -6M |
| Depreciation & amortization | 44K | 75K | 79K | 85K | 84K | 84K |
| Stock-based compensation | 1.1M | 1.2M | 1.2M | 721K | 694K | 746K |
| Change in working capital | 66K | -234K | 388K | -12K | -13K | -11K |
| Operating cash flow | -4M | -4.2M | -3.1M | -4.8M | -968K | -2.6M |
| Capital expenditure | -423K | -53K | -444K | -9K | 0 | 0 |
| Investing cash flow | -423K | -6M | 9.3M | -9K | 0 | 0 |
| Dividends paid | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — |
| Financing cash flow | 0 | 0 | 2.1M | -566K | 477K | 2.9M |
| Net change in cash | -4.4M | -10.2M | 8.3M | -5.3M | -491K | 312K |
| Free cash flow | -6.1M | -6M | -5.7M | -5.8M | -4.7M | -5.5M |