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 | -$0.11 | -$0.13 | -18.2% | — | $0 | — |
| Q1 26 | -$0.1 | -$0.1 | 0.0% | — | $0 | — |
| Q3 25 | -$0.13 | -$0.08 | +38.5% | — | $0 | — |
| Q2 25 | -$0.12 | -$0.14 | -16.7% | — | $0 | — |
| Q1 25 | -$0.11 | -$0.12 | -9.1% | — | $0 | — |
| Q4 24 | -$0.09 | -$0.11 | -22.2% | — | $0 | — |
| Q3 24 | -$0.11 | -$0.08 | +27.3% | — | $0 | — |
| Q2 24 | -$0.09 | -$0.1 | -11.1% | — | $850K | — |
| Q1 24 | -$0.11 | -$0.08 | +27.3% | — | $0 | — |
| Q4 23 | -$0.09 | -$0.11 | -22.2% | — | $0 | — |
| Q3 23 | -$0.11 | -$0.08 | +27.3% | — | $0 | — |
| Q2 23 | -$0.08 | -$0.09 | -12.5% | — | $0 | — |
| Q1 23 | -$0.11 | -$0.06 | +45.5% | — | $0 | — |
| Q4 22 | -$0.11 | -$0.1 | +9.1% | — | $0 | — |
| Q3 22 | -$0.12 | -$0.12 | 0.0% | — | $0 | — |
| Q2 22 | -$0.07 | -$0.08 | -14.3% | — | $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 | — | -$0.42 | — | — | $0 | — |
| FY24 | — | -$0.36 | — | — | $850K | — |
| FY23 | — | -$0.33 | — | — | $0 | — |
| FY22 | — | -$0.37 | — | — | $0 | — |
| FY21 | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $850K | $0 |
| YoY change | — | 0% | 0% | 0% | 0% | 0% | +InfinityT% | -100% |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period |
|---|
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 850K | 0 |
| Cost of revenue | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — |
| Research & development | 27.1M | 22.4M | 14.9M | 20.3M | 30M | 38.1M | 42.3M | 56M |
| Selling, general & administrative | 11.2M | 11.6M | 12.9M | 10.9M | 11.7M | 12.2M | 15.1M | 16.9M |
| Operating expenses | 38.3M | 34.1M | 27.8M | 31.3M | 41.7M | 50.4M | 57.5M | 72.8M |
| Operating income | -38.3M | -34.1M | -27.8M | -31.3M | -41.7M | -50.4M | -56.6M | -72.8M |
| Operating margin | — | — | — | — | — | — | -6.7K% | — |
| Non-operating income, net | 233K | -116K | -836K | -50.6M | 70K | — | -50K | -50K |
| Pretax income | -38.2M | -34.7M | -29.5M | -82.2M | -39.2M | -42.5M | -49.4M | -66.5M |
| Income tax | 103K | 91K | 32K | 0 | 0 | 0 | 0 | — |
| Net income | -38.3M | -34.7M | -29.5M | -82.2M | -39.2M | -42.5M | -49.4M | -66.5M |
| Net margin | — | — | — | — | — | — | -5.8K% | — |
| EBITDA | -35.7M | -31.2M | -25.3M | -29.6M | -39.8M | -48.5M | -54.9M | -71.4M |
| EPS | -0.73 | -0.67 | -0.96 | -1.31 | -0.37 | -0.33 | -0.36 | -0.42 |
| Diluted EPS | -0.73 | -0.67 | -0.96 | -1.31 | -0.37 | -0.33 | -0.36 | -0.42 |
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 | 850K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Research & development | 8.8M | 12.4M | 9.5M | 11.2M | 8.6M | 13M | 13.1M | 16.4M | 12.8M | 13.7M | 13.4M | 19.6M |
| Selling, general & administrative | 3.1M | 3M | 3.2M | 4.7M | 3.6M | 3.5M | 4.9M | 4.7M | 3M | 4.3M | 6.9M | 7.4M |
| Operating expenses | 11.9M | 15.4M | 12.8M | 15.9M | 12.2M | 16.6M | 18M | 21.1M | 15.8M | 18M | 20.3M | 27M |
| Operating income | -11.9M | -15.4M | -12.8M | -15M | -12.2M | -16.6M | -18M | -21.1M | -15.8M | -18M | -20.3M | -27M |
| Operating margin | — | — | — | -1.8K% | — | — | — | — | — | — | — | — |
| Non-operating income, net | — | — | 2M | — | — | — | 1.3M | -15K | — | — | 2M | — |
| Pretax income | -10M | -13.4M | -10.8M | -13.1M | -10.5M | -15M | -16.6M | -19.9M | -14.3M | -15.7M | -18.3M | -25.2M |
| Income tax | 0 | 0 | 0 | 0 | — | — | 0 | — | — | — | — | — |
| Net income | -10M | -13.4M | -10.8M | -13.1M | -10.5M | -15M | -16.6M | -19.9M | -14.3M | -15.7M | -18.3M | -25.2M |
| Net margin | — | — | — | -1.5K% | — | — | — | — | — | — | — | — |
| EBITDA | -11.5M | -14.9M | -12.3M | -14.6M | -11.8M | -16.2M | -17.6M | -20.7M | -15.4M | -17.6M | -19.9M | -26.6M |
| EPS | -0.08 | — | -0.08 | -0.1 | -0.08 | -0.11 | -0.12 | -0.14 | -0.08 | -0.09 | -0.1 | -0.13 |
| Diluted EPS | -0.08 | — | -0.08 | -0.1 | -0.08 | -0.11 | -0.12 | -0.14 | -0.08 | -0.09 | -0.1 | -0.13 |
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 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Market cap | — | — | — | — | — | — | — | — | 199.9M |
| Enterprise value | — | — | — | — | — | — | — | — | 33.3M |
| Shares outstanding | 52.1M | 52.1M | 30.8M | 62.9M | 105.2M | 127M | 137.2M | 157.7M | 157.7M |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | — | -2.65 |
| P/B | — | — | — | — | — | — | — | — | 1.23 |
| EV/EBITDA | — | — | — | — | — | — | — | — | -0.41 |
| Earnings yield | — | — | — | — | — | — | — | — | -37.7% |
| FCF yield | — | — | — | — | — | — | — | — | -15.7% |
| PEG | — | — | — | — | — | — | — | — | 0.37 |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | — | -6.7K% | — | 0% |
| Net margin | — | — | — | — | — | — | -5.8K% | — | 0% |
| ROE | 45.2% | 29.3% | -73.9% | -58.7% | -21.6% | -28.6% | -39.4% | -33.8% | -56.7% |
| ROA | -59.2% | -114.4% | -56.8% | -53.4% | -19.6% | -27.1% | -35.2% | -30.3% | -33% |
| ROIC | 30% | 26.4% | -1.3K% | 7.8K% | 2K% | 2.3K% | -1.1K% | — | — |
| Return on tangible assets | -59.2% | -114.4% | -56.8% | -53.4% | -19.6% | -27.1% | -35.2% | -30.3% | -38.6% |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 6.96 | 2.67 | 4.97 | 13.8 | 12 | 19.7 | 15 | 15 | 11.2 |
| Quick ratio | 6.96 | 2.67 | 4.97 | 13.8 | 12 | 19.7 | 15 | 15 | 11.2 |
| Debt / equity | -0.17 | -0.13 | 0.23 | 0.03 | 0.02 | 0.01 | 0.05 | 0.05 | 0.06 |
| Debt / assets | 0.23 | 0.49 | 0.18 | 0.03 | 0.01 | 0.01 | 0.05 | 0.04 | 0.05 |
| Net debt / EBITDA | 1.2 | 0.33 | 1.49 | 4.74 | 4.61 | 3.11 | 2.19 | 2.79 | 2.14 |
| Interest coverage | -48.8 | -27.2 | -31.5 | -221.1 | — | — | — | — | — |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — | — |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 0 | 0 | 0 | 0 | 0.01 | 0 | 0 |
| EPS (basic) | -0.73 | -0.67 | -0.96 | -1.31 | -0.37 | -0.33 | -0.36 | -0.42 | -0.42 |
| EPS (diluted) | -0.73 | -0.67 | -0.96 | -1.31 | -0.37 | -0.33 | -0.36 | -0.42 | -0.39 |
| Book value per share | -1.63 | -2.28 | 1.3 | 2.23 | 1.73 | 1.17 | 0.91 | 1.25 | 0.92 |
| FCF per share | -0.69 | -0.62 | -0.87 | -0.34 | -0.33 | -0.32 | -0.33 | -0.31 | -0.3 |
| Cash per share | 1.1 | 0.49 | 1.53 | 2.3 | 1.77 | 1.2 | 0.92 | 1.32 | 1 |
| Capex per share | 0.04 | 0.01 | 0 | 0.02 | 0 | 0 | 0 | — | — |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Capex / revenue | — | — | — | — | — | — | 5.18% | — | — |
| Capex / operating cash flow | -5.85% | -1.42% | -0.16% | -1.87% | -0.12% | -0.09% | -0.1% | — | — |
| Payout ratio | — | — | — | — | — | — | — | — | 0% |
| -$1.31 |
| — |
| — |
| $0 |
| — |
| FY20 | — | -$0.96 | — | — | $0 | — |
| FY19 | — | -$0.67 | — | — | $0 | — |
| FY18 | — | -$0.73 | — | — | $0 | — |
| 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 | $850K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| YoY change | 0% | 0% | 0% | +InfinityT% | 0% | 0% | 0% | -100% | 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 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 57.5M | 25.3M | 47.1M | 144.5M | 186.6M | 152.5M | 126.7M | 208.9M |
| Receivables | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — |
| Total current assets | 58.9M | 26.2M | 50.2M | 147.1M | 194.8M | 153.9M | 132.8M | 209.8M |
| Property, plant & equipment | 5.4M | 3.8M | 1.1M | 6.3M | 4.5M | 2.7M | 7.1M | 9.2M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — |
| Total assets | 64.6M | 30.4M | 51.9M | 153.8M | 199.6M | 156.9M | 140.4M | 219.6M |
| Accounts payable | 1.7M | 629K | 1.1M | 867K | 3.4M | 4.1M | 2.2M | 1.6M |
| Short-term debt | 3.7M | 5.6M | 7.5M | 989K | 1.1M | 1.2M | 338K | 1M |
| Total current liabilities | 8.5M | 9.8M | 10.1M | 10.6M | 16.2M | 7.8M | 8.9M | 14M |
| Long-term debt | 11.1M | 9.3M | 1.9M | 3M | 1.8M | 536K | 6.3M | 8.8M |
| Total liabilities | 149.4M | 149M | 12M | 13.7M | 18M | 8.3M | 15.2M | 22.8M |
| Shareholders' equity | -84.8M | -118.6M | 39.9M | 140.1M | 181.6M | 148.5M | 125.2M | 196.8M |
| Total debt | 14.8M | 14.9M | 9.3M | 4M | 2.9M | 1.7M | 6.6M | 9.8M |
| Net debt | -42.8M | -10.4M | -37.7M | -140.5M | -32M | -22.5M | -36.8M | -20.8M |
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 | 163.7M | 152.5M | 156.3M | 146.2M | 135.4M | 126.7M | 112.6M | 100.9M | 219.9M | 208.9M | 194.7M | 179.9M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 166.6M | 153.9M | 158.6M | 153.5M | 141.1M | 132.8M | 124.1M | 106.2M | 221.1M | 209.8M | 195.7M | 180.9M |
| Property, plant & equipment | 3.1M | 2.7M | 2.2M | 1.7M | 7.4M | 7.1M | 6.7M | 9.9M | 9.6M | 9.2M | 8.9M | 8.7M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 170M | 156.9M | 161.1M | 155.6M | 149.2M | 140.4M | 131.5M | 116.7M | 231.3M | 219.6M | 205.2M | 190.2M |
| Accounts payable | 2.3M | 4.1M | 854K | 1.2M | 960K | 2.2M | 1.6M | 2.6M | 3.1M | 1.6M | 906K | 2.9M |
| Short-term debt | 1.2M | 1.2M | 1.2M | 1.1M | 557K | 338K | 109K | 271K | 633K | 1M | 1.4M | 1.6M |
| Total current liabilities | 9.1M | 7.8M | 3.9M | 9.5M | 4.4M | 8.9M | 14.9M | 13.9M | 12.4M | 14M | 10.3M | 16.1M |
| Long-term debt | 869K | 536K | 189K | 0 | 6.3M | 6.3M | 6.3M | 9.6M | 9.2M | 8.8M | 8.4M | 8M |
| Total liabilities | 10M | 8.3M | 4.1M | 9.5M | 10.8M | 15.2M | 21.2M | 23.5M | 21.6M | 22.8M | 18.7M | 24.1M |
| Shareholders' equity | 160M | 148.5M | 157.1M | 146.1M | 138.4M | 125.2M | 110.3M | 93.2M | 209.6M | 196.8M | 186.5M | 166M |
| Total debt | 2M | 1.7M | 1.4M | 1.1M | 6.9M | 6.6M | 6.4M | 9.9M | 9.9M | 9.8M | 9.8M | 9.6M |
| Net debt | -28.4M | -22.5M | -22.3M | -18.3M | -29.9M | -36.8M | -34.7M | -13M | -36.3M | -20.8M | -45.4M | -25.8M |
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 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Net income | -38.3M | -34.7M | -29.5M | -82.2M | -39.2M | -42.5M | -49.4M | -66.5M |
| Depreciation & amortization | 1.9M | 2.1M | 2.4M | 1.6M | 1.9M | 1.9M | 1.8M | 1.5M |
| Stock-based compensation | 656K | 915K | 4M | 4M | 5.3M | 6.1M | 8.6M | 8.4M |
| Change in working capital | 1.1M | -1.2M | -148K | -1.3M | 1.4M | -494K | -3.1M | -1M |
| Operating cash flow | -34.5M | -32.8M | -24.2M | -77.8M | -30.6M | -35M | -42.1M | -49.1M |
| Capital expenditure | -2M | -466K | 38K | -1.5M | -36K | -30K | -44K | — |
| Investing cash flow | -2M | -466K | 38K | -1.8M | -151.2M | 27M | 46.8M | -93.3M |
| Dividends paid | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — |
| Financing cash flow | 64M | 0 | 48.5M | 118.6M | 75.7M | 2.9M | 17.3M | 128.3M |
| Net change in cash | 27.5M | -33.3M | 24.4M | 39M | -106M | -5.1M | 22M | -14.1M |
| Free cash flow | -35.7M | -32.2M | -26.9M | -21.2M | -34.3M | -40.6M | -44.9M | -49.2M |
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 | -10M | -13.4M | -10.8M | -13.1M | -10.5M | -15M | -16.6M | -19.9M | -14.3M | -15.7M | -18.3M | -25.2M |
| Depreciation & amortization | 466K | 468K | 463K | 466K | 465K | 359K | 364K | 367K | 371K | 370K | 368K | 376K |
| Stock-based compensation | 1.6M | 1.6M | 2M | 2.1M | 2.2M | 2.2M | 2.5M | 2.8M | 1.2M | 1.8M | 5.1M | 4.8M |
| Change in working capital | 1.3M | 1.5M | -3.6M | 13K | -227K | 712K | -925K | 977K | 463K | -1.5M | -717K | 1.8M |
| Operating cash flow | -6.6M | -9.9M | -11.9M | -10.5M | -8M | -11.7M | -14.7M | -11.8M | -10.8M | -13.3M | -17.3M | -14.7M |
| Capital expenditure | -10K | -9K | — | 0 | -44K | 0 | -18K | — | — | — | — | — |
| Investing cash flow | 17M | 6.3M | -4.1M | 6.5M | 29M | 15.4M | 11.6M | -6.4M | -95.1M | -3.4M | 38.5M | -4.8M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 0 | -158K | 17.4M | 1K | -2K | -94K | -815K | 0 | 129.4M | -212K | 3.4M | 0 |
| Net change in cash | 10.5M | -3.7M | 1.5M | -4M | 21M | 3.6M | -3.9M | -18.2M | 23.4M | -16.8M | 24.6M | -19.5M |
| Free cash flow | -5.9M | -12.4M | -13.9M | -10.8M | -11.1M | -9.2M | -13.2M | -11.8M | -10.9M | -13.3M | -17.4M | -14.9M |