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 25 | -$0.04 | -$0.02 | +50.0% | — | $0 | — |
| Q1 25 | -$0.04 | -$0.03 | +25.0% | — | $0 | — |
| Q4 24 | -$0.04 | -$0.03 | +25.0% | — | $0 | — |
| Q3 24 | -$0.04 | -$0.04 | 0.0% | — | $0 | — |
| Q2 24 | -$0.04 | $0.05 | +225.0% | — | $0 | — |
| Q1 24 | -$0.06 | -$0.06 | 0.0% | — | $0 | — |
| Q4 23 | -$0.08 | -$0.05 | +37.5% | — | $0 | — |
| Q3 23 | -$0.08 | -$0.07 | +12.5% | — | $0 | — |
| Q2 23 | -$0.16 | -$0.14 | +12.5% | — | $0 | — |
| Q1 23 | -$0.14 | -$0.16 | -14.3% | — | $0 | — |
| Q4 22 | -$0.03 | -$0.72 | -2300.0% | — | $0 | — |
| Q3 22 | -$0.92 | -$0.14 | +84.8% | — | $0 | — |
| Q2 22 | -$0.72 | -$0.11 | +84.7% | — | $0 | — |
| Q1 22 | -$0.68 | -$0.09 | +86.8% | — | $0 | — |
| Q4 21 | -$0.41 | -$0.09 | +78.0% | — | $0 | — |
| Q3 21 | -$0.06 | -$0.05 | +16.7% | — | $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 | — | -$1.44 | — | — | $0 | — |
| FY24 | — | -$3.44 | — | — | $0 | — |
| FY23 | — | -$2.06 | — | — | $0 | — |
| FY22 | — | -$2.42 | — | — | $0 | — |
| FY21 | — | -$1.2 | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 |
| YoY change | — | 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 | Q3 24 | Q4 24 | Q1 25 |
|---|
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — |
| Research & development | 4.7M | 6.3M | 17M | 18.4M | 11.3M | 5.8M |
| Selling, general & administrative | 1.3M | 6M | 11.6M | 7.1M | 3.4M | 3.7M |
| Operating expenses | 6M | 12.4M | 28.5M | 25.5M | 14.7M | 9.6M |
| Operating income | -6M | -12.4M | -28.5M | -25.5M | -14.7M | -9.6M |
| Operating margin | — | — | — | — | — | — |
| Non-operating income, net | — | — | — | — | — | — |
| Pretax income | -6M | -12.5M | -28.2M | -24.2M | -13.9M | -9M |
| Income tax | — | 0 | -534K | 0 | 0 | 0 |
| Net income | -6M | -12.5M | -27.6M | -24.2M | -13.9M | -9M |
| Net margin | — | — | — | — | — | — |
| EBITDA | -5.9M | -12.3M | -28.5M | -25.4M | -14.7M | -9.5M |
| EPS | -0.54 | -1.2 | -2.42 | -2.06 | -3.44 | -1.44 |
| Diluted EPS | -0.54 | -1.2 | -2.42 | -2.06 | -3.44 | -1.44 |
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 | 3.4M | 3.1M | 3.1M | 2.9M | 2.8M | 2.4M | 2.5M | 1.3M | 960K | 1.1M | 925K | 1.1M |
| Selling, general & administrative | 990K | 751K | 936K | 840K | 874K | 802K | 994K | 975K | 884K | 881K | 925K | 1.1M |
| Operating expenses | 4.4M | 3.8M | 4M | 3.8M | 3.7M | 3.2M | 3.5M | 2.3M | 1.8M | 2M | 1.9M | 2.2M |
| Operating income | -4.4M | -3.8M | -4M | -3.8M | -3.7M | -3.2M | -3.5M | -2.3M | -1.8M | -2M | -1.9M | -2.2M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | — | — | — | — | — | — | — | — | — | — | — | — |
| Pretax income | -4.1M | -3.4M | -3.9M | -3.6M | -3.5M | -3M | -3.3M | -2.1M | -1.7M | -1.9M | -1.8M | -2.2M |
| Income tax | -55K | 0 | 0 | 0 | 0 | 0 | — | 0 | 0 | 0 | 0 | 0 |
| Net income | -4.1M | -3.4M | -3.9M | -3.6M | -3.5M | -3M | -3.3M | -2.1M | -1.7M | -1.9M | -1.8M | -2.2M |
| Net margin | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -4.4M | -3.8M | -4M | -3.8M | -3.7M | -3.2M | -3.5M | -2.3M | -1.8M | -2M | -1.9M | -2.2M |
| EPS | -0.34 | — | -0.28 | -0.26 | -0.8 | -0.64 | -0.56 | -0.32 | -0.32 | -0.24 | -0.24 | -0.96 |
| Diluted EPS | -0.34 | — | -0.28 | -0.26 | -0.8 | -0.64 | -0.56 | -0.32 | -0.32 | -0.24 | -0.24 | -0.96 |
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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Market cap | 1.2B | 286.3M | 145.7M | 24M | — | — | — |
| Enterprise value | 1.2B | 225.5M | 106M | 4.6M | — | — | — |
| Shares outstanding | 11M | 10.4M | 11.4M | 11.7M | 4.1M | 6.4M | 6.4M |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| P/B | 112.8 | 4.66 | 4.02 | 1.41 | — | — | — |
| EV/EBITDA | -202.9 | -18.3 | -3.72 | -0.18 | — | — | — |
| FCF yield | -0.43% | -4.41% | -14% | -98.5% | — | — | — |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| ROE | -55.1% | -20.3% | -76.3% | -142.5% | -103% | -72.9% | -72.9% |
| ROA | -47.7% | -19.4% | -64.2% | -109.3% | -82.2% | -65.1% | -65.1% |
| ROIC | — | -1.9K% | 825.6% | 1.1K% | 3.6K% | -486.1% | -486.1% |
| Return on tangible assets | -47.7% | -19.4% | -64.2% | -109.3% | -82.3% | -65.3% | -65.3% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Current ratio | 9 | 23.7 | 6.18 | 4.32 | 4.98 | 9.08 | 9.08 |
| Quick ratio | 9 | 23.7 | 6.18 | 4.32 | 4.98 | 9.08 | 9.08 |
| Debt / equity | 0.04 | 0.01 | 0.01 | 0.02 | 0.02 | 0 | 0 |
| Debt / assets | 0.03 | 0.01 | 0 | 0.02 | 0.02 | 0 | 0 |
| Net debt / EBITDA | 1.89 | 4.93 | 1.39 | 0.76 | 0.95 | 1.09 | 1.09 |
| Effective tax rate | — | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (basic) | -0.54 | -1.2 | -2.42 | -2.06 | -3.44 | -1.44 | -1.44 |
| EPS (diluted) | -0.54 | -1.2 | -2.42 | -2.06 | -3.44 | -1.44 | -1.44 |
| Book value per share | 0.98 | 5.93 | 3.18 | 1.45 | 3.34 | 1.93 | 1.93 |
| FCF per share | -0.48 | -1.22 | -1.8 | -2.01 | -3.79 | -1.75 | -1.75 |
| Cash per share | 1.06 | 5.9 | 3.51 | 1.68 | 3.52 | 1.63 | 1.63 |
| Capex per share | 0 | 0.02 | 0.01 | 0 | 0 | — | — |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Capex / operating cash flow | -0.67% | -2.12% | -0.29% | -0.01% | 0% | — | — |
| — |
| $0 |
| — |
| FY20 | — | -$0.54 | — | — | $0 | — |
| 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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Cash & short-term investments | 11.7M | 61.2M | 39.9M | 19.8M | 14.3M | 10.4M |
| Receivables | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — |
| Total current assets | 11.8M | 62.7M | 41.7M | 20.9M | 16M | 13.4M |
| Property, plant & equipment | 580K | 702K | 594K | 695K | 532.4K | 162K |
| Goodwill & intangibles | — | — | — | — | 13.2K | 28K |
| Total assets | 12.5M | 64.4M | 43.1M | 22.2M | 17M | 13.8M |
| Accounts payable | 93K | 1.3M | 1.7M | 516K | 666K | 485K |
| Short-term debt | 70K | 106K | 123K | 76K | 115K | — |
| Total current liabilities | 1.3M | 2.6M | 6.7M | 4.8M | 3.2M | 1.5M |
| Long-term debt | 358K | 237K | 91K | 316K | 209K | 0 |
| Total liabilities | 1.7M | 2.9M | 6.8M | 5.2M | 3.4M | 1.5M |
| Shareholders' equity | 10.8M | 61.5M | 36.2M | 17M | 13.5M | 12.3M |
| Total debt | 428K | 343K | 214K | 392K | 324K | 0 |
| Net debt | -11.2M | -14.8M | -13.3M | -8.9M | -5.7M | -7.6M |
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 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 | 26.6M | 19.8M | 15.9M | 12.7M | 19.4M | 14.3M | 10.6M | 9.4M | 10.1M | 10.4M | 8M | 6.7M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 27.7M | 20.9M | 16.8M | 13.5M | 19.9M | 16M | 12M | 10.6M | 11.9M | 13.4M | 11.5M | 10M |
| Property, plant & equipment | 498K | 695K | 656K | 617K | 577K | 532.4K | 501K | 217K | 188K | 162K | 167K | 158K |
| Goodwill & intangibles | — | — | — | — | — | 13.2K | — | — | — | 28K | — | — |
| Total assets | 28.8M | 22.2M | 18M | 14.5M | 20.9M | 17M | 12.8M | 11.1M | 12.4M | 13.8M | 11.8M | 10.2M |
| Accounts payable | 2.3M | 516K | 527K | 1.1M | 386K | 666K | 490K | 378K | 194K | 485K | 204K | 257K |
| Short-term debt | 108K | 76K | 110K | 109K | 112K | 115K | 113K | — | — | — | — | — |
| Total current liabilities | 6.8M | 4.8M | 4.4M | 4.3M | 4.3M | 3.2M | 2.2M | 1.4M | 1.1M | 1.5M | 1.1M | 1.6M |
| Long-term debt | 33K | 316K | 280K | 251K | 230K | 209K | 179K | 0 | 0 | 0 | — | — |
| Total liabilities | 6.9M | 5.2M | 4.7M | 4.6M | 4.6M | 3.4M | 2.4M | 1.4M | 1.1M | 1.5M | 1.1M | 1.6M |
| Shareholders' equity | 22M | 17M | 13.3M | 10M | 16.3M | 13.5M | 10.4M | 9.7M | 11.2M | 12.3M | 10.7M | 8.7M |
| Total debt | 141K | 392K | 390K | 360K | 342K | 324K | 292K | 0 | 0 | 0 | — | — |
| Net debt | -10.2M | -8.9M | -4.3M | -4.7M | -6.3M | -5.7M | -8M | -5.4M | -7M | -7.6M | — | — |
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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Net income | -6M | -12.5M | -27.6M | -24.2M | -13.9M | -9M |
| Depreciation & amortization | 24K | 34K | 58K | 67K | 53K | 70K |
| Stock-based compensation | 130K | 2M | 3.2M | 1.5M | 617K | 623K |
| Change in working capital | 163K | -670K | 1.2M | -993K | -251K | -1.6M |
| Operating cash flow | -5.6M | -11.1M | -23.2M | -23.7M | -13.5M | -11.1M |
| Capital expenditure | -38K | -235K | -68K | -3K | 0 | — |
| Investing cash flow | -62K | -91.1M | 39.1M | 15.9M | 2.3M | 5.4M |
| Dividends paid | — | — | — | — | — | — |
| Share repurchases | — | 0 | -1.2M | 0 | 0 | — |
| Financing cash flow | 3.5M | 61.1M | -951K | 3.5M | 9.9M | 7.1M |
| Net change in cash | -2.2M | -41.2M | 15M | -4.3M | -1.4M | 1.4M |
| Free cash flow | -5.3M | -12.6M | -20.4M | -23.6M | -15.4M | -11.1M |
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 20 | Q4 20 | Q1 21 | Q2 21 | Q3 21 | Q4 21 | Q1 22 | Q2 22 | Q3 22 | Q4 22 | Q1 23 | Q2 23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -1.2M | -2M | -1.7M | -2.8M | -3M | -5M | -5.1M | -6.2M | -8.1M | -8.3M | -8.8M | -8M |
| Depreciation & amortization | 8K | 6K | 7K | 7K | 9K | 11K | 13K | 14K | 17K | 14K | 16K | 16K |
| Stock-based compensation | 23K | 33K | 43K | 527K | 441K | 1M | 874K | 761K | 836K | 740K | 484K | 639K |
| Change in working capital | -106K | 96K | 423K | -2.4M | 206K | 1.1M | -187K | -750K | 1.1M | 999K | 1.3M | 484K |
| Operating cash flow | -1.3M | -1.8M | -1.2M | -4.7M | -2.3M | -2.9M | -4.4M | -6.2M | -6.1M | -6.5M | -7M | -6.8M |
| Capital expenditure | -20K | -1K | -3K | -102K | 0 | -130K | -14K | -11K | -42K | -1K | -1K | -2K |
| Investing cash flow | -20K | -3K | -2K | -20.6M | -10M | -19.6M | 4.8M | 3.5M | 6.1M | -1K | 14.4M | -4.3M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 0 | 500K | 47.8M | 13.4M | -72K | -91K | 0 | 0 | 0 | 267K | — | — |
| Net change in cash | -1.3M | -1.3M | 46.6M | -11.9M | -12.4M | -22.5M | 374K | -2.7M | -46K | -6.3M | 7.5M | -11.1M |
| Free cash flow | -921K | -1.6M | -1.3M | -5.7M | -2.6M | -3M | -3.7M | -5.7M | -5.3M | -5.7M | -7.2M | -7.5M |