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 | -$0.31 | -$0.27 | +12.9% | — | $2.8M | — |
| Q1 26 | -$0.3 | -$0.27 | +10.0% | — | $169K | — |
| Q3 25 | -$0.23 | -$0.31 | -34.8% | — | $16K | — |
| Q2 25 | -$0.22 | -$0.23 | -4.5% | — | $48K | — |
| Q1 25 | -$0.26 | -$0.19 | +26.9% | — | $0 | — |
| Q1 22 | — | -$2.1 | — | — | — | — |
| Q4 21 | -$0.25 | -$0.9 | -260.0% | — | — | — |
| Q3 21 | -$0.48 | -$0.5 | -4.2% | — | — | — |
| Q2 21 | — | -$3.1 | — | — | — | — |
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 | — | — | $64K | — |
| FY24 | — | -$0.28 | — | — | $26M | — |
| FY23 | — | -$1.13 | — | — | $0 | — |
| FY22 | — | -$2.1 | — | — | $0 | — |
| FY21 | — | -$3.92 |
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 | $0 | $0 | $0 | $0 | $26M | $64K |
| YoY change | — | 0% | 0% | 0% | 0% | +InfinityT% | -99.8% |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | Q1 24 | Q2 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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 26M | 64K |
| Cost of revenue | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — |
| Research & development | 15.2M | 3.2M | 11M | 13.4M | 53M | 29.3M | 37.8M |
| Selling, general & administrative | 1.4M | 998.8K | 2.6M | 2.9M | 16.1M | 19.2M | 20.3M |
| Operating expenses | 16.2M | 4M | 13.2M | 16.2M | 67.5M | 48.5M | 58.1M |
| Operating income | -16.2M | -4M | -13.2M | -16.2M | -69.1M | -22.5M | -58.1M |
| Operating margin | — | — | — | — | — | -86.2% | -90.7K% |
| Non-operating income, net | -8.1M | -12.3M | -14.4M | -389.7K | 1.8M | 2.6M | 523K |
| Pretax income | -24.1M | -16.3M | -27.6M | -16.3M | -62M | -15.4M | -55.3M |
| Income tax | 0 | 0 | 36.4K | 41.3K | 120K | 223K | 197K |
| Net income | -24.1M | -16.3M | -27.7M | -16.4M | -62.1M | -15.6M | -55.5M |
| Net margin | — | — | — | — | — | -60% | -86.7K% |
| EBITDA | -15.9M | -4M | -13.3M | -15.8M | -68.3M | -21.8M | -57.4M |
| EPS | -0.43 | -2.21 | -3.92 | -2.1 | -1.13 | -0.28 | -1 |
| Diluted EPS | -0.43 | -2.21 | -3.92 | -2.1 | -1.13 | -0.28 | -1 |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | Q1 24 | Q2 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 24.1M | 698K | 0 | 48K | 16K | 0 | 169K | 2.8M |
| Cost of revenue | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — |
| Research & development | 8.7M | 5.3M | 6.2M | 6.6M | 8.8M | 11.1M | 11.3M | 15M | 16.3M |
| Selling, general & administrative | 4M | 5.1M | 4.1M | 4.8M | 4.7M | 6.6M | 4.2M | 4.7M | 4.1M |
| Operating expenses | 12.6M | 10.5M | 10.3M | 11.4M | 13.5M | 17.7M | 15.5M | 19.8M | 20.4M |
| Operating income | -12.6M | 13.6M | -9.6M | -11.4M | -13.4M | -17.7M | -15.5M | -19.6M | -17.6M |
| Operating margin | — | 56.6% | -1.4K% | — | -28K% | -110.5K% | — | -11.6K% | -636% |
| Non-operating income, net | 2.7M | 9K | -30K | 509K | -39K | -7K | 60K | -3K | 67K |
| Pretax income | -8.7M | 14.9M | -8.8M | -10.2M | -12.8M | -17.1M | -15.1M | -19.4M | -17.2M |
| Income tax | 30K | 30K | 106K | 54K | 55K | 61K | 27K | 48K | 60K |
| Net income | -8.7M | 14.8M | -8.9M | -10.3M | -12.9M | -17.2M | -15.1M | -19.4M | -17.3M |
| Net margin | — | 61.6% | -1.3K% | — | -26.9K% | -107.5K% | — | -11.5K% | -624.4% |
| EBITDA | -12.5M | 13.8M | -9.5M | -11.3M | -13.3M | -17.5M | -15.3M | -19.4M | -17.4M |
| EPS | -0.16 | 0.27 | — | -0.19 | -0.23 | -0.31 | -0.27 | -0.34 | -0.27 |
| Diluted EPS | -0.16 | 0.27 | — | -0.19 | -0.23 | -0.31 | -0.27 | -0.34 | -0.27 |
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 | — | — | — | — | — | — | — | 68M |
| Enterprise value | — | — | — | — | — | — | — | 37.1M |
| Shares outstanding | 405.4M | 53.9M | 52.3M | 55M | 55.1M | 55.2M | 55.7M | 55.7M |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | -1.08 |
| P/S | — | — | — | — | — | — | — | 23 |
| P/B | — | — | — | — | — | — | — | 2.53 |
| EV/EBITDA | — | — | — | — | — | — | — | -0.53 |
| EV/Sales | — | — | — | — | — | — | — | 12.6 |
| Earnings yield | — | — | — | — | — | — | — | -92.6% |
| FCF yield | — | — | — | — | — | — | — | -51% |
| PEG | — | — | — | — | — | — | — | -0.06 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | -86.2% | -90.7K% | -636% |
| Net margin | — | — | — | — | — | -60% | -86.7K% | 0% |
| ROE | 56.5% | 76% | -74.3% | -75% | -61.2% | -17% | -132.2% | -140.5% |
| ROA | -45.3% | -71.8% | -69.5% | -67.9% | -48.8% | -15.4% | -98.9% | -69.7% |
| ROIC | 17.8% | 9.36% | -2.1K% | -2.1K% | 422.6% | 1.6K% | 3.5K% | 1.7K% |
| Return on tangible assets | -45.3% | -71.9% | -71.2% | -70.4% | -48.8% | -15.4% | -99% | -158.9% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Current ratio | 13.2 | 27.8 | 15.3 | 9.97 | 4.85 | 11.5 | 3.74 | 2.37 |
| Quick ratio | 13.2 | 27.8 | 15.3 | 9.97 | 4.85 | 11.5 | 3.74 | 2.37 |
| Debt / equity | -0 | -0 | 0 | 0 | 0 | 0 | 0.02 | 0.02 |
| Debt / assets | 0 | 0 | 0 | 0 | 0 | 0 | 0.01 | 0.01 |
| Net debt / EBITDA | 3.04 | 5.31 | 2.76 | 1.34 | 1.72 | 4.29 | 0.76 | 0.44 |
| Interest coverage | -3.2K | -18.6K | -28.9K | -5.6K | -3K | — | — | — |
| 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 | 0 | 0 | 0 | 0.47 | 0 | 0.05 |
| EPS (basic) | -0.43 | -2.21 | -3.92 | -2.1 | -1.13 | -0.28 | -1 | -1 |
| EPS (diluted) | -0.43 | -2.21 | -3.92 | -2.1 | -1.13 | -0.28 | -1 | -1.19 |
| Book value per share | -0.11 | -0.4 | 0.71 | 0.4 | 1.84 | 1.67 | 0.75 | 0.43 |
| FCF per share | -0.03 | -0.07 | -0.24 | -0.27 | -0.87 | -0.44 | -0.93 | -0.96 |
| Cash per share | 0.12 | 0.4 | 0.7 | 0.38 | 2.15 | 1.7 | 0.8 | 0.5 |
| Capex per share | 0 | 0.01 | 0.02 | 0.01 | 0.05 | 0.01 | — | — |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Capex / revenue | — | — | — | — | — | 2.88% | — | — |
| Capex / operating cash flow | -0.67% | -1.9% | -3.89% | -4.19% | -6.27% | -3.15% | — | — |
| Payout ratio | — | — | — | — | — | — | — | 0% |
| — |
| — |
| $0 |
| — |
| FY20 | — | -$2.21 | — | — | $0 | — |
| FY19 | — | -$0.43 | — | — | $0 | — |
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $0 | $24.1M | $698K | $0 | $48K | $16K | $0 | $169K | $2.8M |
| YoY change | — | — | — | 0% | -99.8% | — | -100% | +InfinityT% | +5.7K% |
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 | 48.5M | 21.4M | 36.6M | 21.1M | 118.3M | 93.7M | 44.3M |
| Receivables | — | — | — | — | 0 | 789K | 13K |
| Inventory | — | — | — | — | — | — | — |
| Total current assets | 51.9M | 22.1M | 37.6M | 21.6M | 122.6M | 97M | 50.9M |
| Property, plant & equipment | 489.1K | 145.2K | 1.3M | 690.3K | 4.7M | 4.2M | 4.5M |
| Goodwill & intangibles | 0 | 14.3K | 967.3K | 878.1K | 124K | 53K | 45K |
| Total assets | 53.3M | 22.7M | 39.8M | 24.1M | 127.4M | 101.3M | 56.1M |
| Accounts payable | 3.3M | 515.7K | 1.7M | 1.7M | 2.2M | 342K | 2M |
| Short-term debt | 58.9K | 12.6K | 13.5K | 25.8K | 285K | 154K | 322K |
| Total current liabilities | 3.9M | 795.3K | 2.5M | 2.2M | 25.3M | 8.5M | 13.6M |
| Long-term debt | 67.2K | 6.5K | 3.6K | 34K | 180K | 24K | 368K |
| Total liabilities | 95.9M | 44.2M | 2.6M | 2.3M | 25.9M | 9.1M | 14.1M |
| Shareholders' equity | -42.6M | -21.5M | 37.2M | 21.8M | 101.5M | 92.2M | 42M |
| Total debt | 126.1K | 19.1K | 17.1K | 59.8K | 465K | 178K | 690K |
| Net debt | -44M | -21.1M | -36.6M | -10.9M | -105.2M | -78.1M | -37.7M |
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 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 110.2M | 93.7M | 84M | 71.8M | 54.8M | 44.3M | 46M | 31.5M |
| Receivables | — | 789K | 8K | 0 | 17K | 13K | 0 | 2.9M |
| Inventory | — | — | — | — | — | — | — | — |
| Total current assets | 115.9M | 97M | 87.8M | 77.8M | 62.6M | 50.9M | 55M | 38.6M |
| Property, plant & equipment | 3.3M | 4.2M | 4.8M | 4.9M | 4.7M | 4.5M | 4.4M | 4.2M |
| Goodwill & intangibles | 57K | 53K | 50K | 48K | 47K | 45K | 43K | 42K |
| Total assets | 120.6M | 101.3M | 92.7M | 82.7M | 67.4M | 56.1M | 60.1M | 43.5M |
| Accounts payable | 5.7M | 342K | 817K | 2.3M | 2M | 2M | 4.3M | 2M |
| Short-term debt | 252K | 154K | 346K | 350K | 336K | 322K | 406K | 393K |
| Total current liabilities | 9.6M | 8.5M | 8.6M | 10.7M | 11.4M | 13.6M | 17M | 16.3M |
| Long-term debt | 73K | 24K | 594K | 520K | 445K | 368K | 287K | 203K |
| Total liabilities | 10.1M | 9.1M | 9.8M | 11.4M | 12M | 14.1M | 17.4M | 16.6M |
| Shareholders' equity | 110.5M | 92.2M | 82.9M | 71.3M | 55.4M | 42M | 42.6M | 26.9M |
| Total debt | 325K | 178K | 940K | 870K | 781K | 690K | 693K | 596K |
| Net debt | -109.8M | -78.1M | -46.8M | -39.8M | -37.1M | -37.7M | -45.3M | -26.4M |
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 | FY25 |
|---|---|---|---|---|---|---|---|
| Net income | -24.1M | -16.3M | -27.6M | -16.3M | -62.1M | -15.6M | -55.5M |
| Depreciation & amortization | 112.9K | 30.2K | 86.7K | 143K | 720K | 660K | 704K |
| Stock-based compensation | 553.8K | 527.2K | 1.2M | 958.2K | 5.4M | 6.7M | 3.7M |
| Change in working capital | 501.1K | -772.8K | 725K | 828.5K | 12.4M | -15.6M | 1.3M |
| Operating cash flow | -22.9M | -16.5M | -25.6M | -14.6M | -45.6M | -23.8M | -51.2M |
| Capital expenditure | -153.2K | -313K | -994.9K | -611.1K | 2.9M | -750K | — |
| Investing cash flow | -477.5K | 68.7K | -705.4K | -12M | 74.9M | -3.5M | 10.3M |
| Dividends paid | — | — | — | — | — | — | — |
| Share repurchases | 0 | 0 | -77.4K | 0 | 0 | — | — |
| Financing cash flow | -63.6K | 19.2M | 27.6M | -28.3K | -246K | — | — |
| Net change in cash | -23.5M | 2.8M | 1.4M | -26.6M | 29M | -27.3M | -41M |
| Free cash flow | -13.1M | -3.8M | -12.5M | -14.7M | -47.8M | -24.4M | -51.6M |
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 | Q1 24 | Q2 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|
| Net income | -8.7M | 14.8M | -8.9M | -10.3M | -12.9M | -17.2M | -15.1M | -19.4M | -17.3M |
| Depreciation & amortization | 164K | 162K | 158K | 173K | 171K | 179K | 181K | 164K | 161K |
| Stock-based compensation | 1.3M | 2M | 1.4M | 942K | 951K | 916K | 917K | 1.2M | 1.3M |
| Change in working capital | 4.8M | -23.4M | 4.2M | 1.3M | 1M | -321K | -634K | 2.2M | -5.2M |
| Operating cash flow | -2.4M | -6.4M | -3.2M | -7.9M | -12.6M | -17.4M | -11.3M | -16M | -15.9M |
| Capital expenditure | 0 | -290K | -313K | -79K | — | — | — | — | — |
| Investing cash flow | 9.3M | 3.2M | -15.8M | -20.6M | 5.4M | 14.4M | 11M | 6M | -4.5M |
| Dividends paid | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — |
| Financing cash flow | — | — | — | — | — | — | — | 17.5M | 2.7M |
| Net change in cash | 6.8M | -3.2M | -18.9M | -28.5M | -7.2M | -3M | -250K | 7.5M | -17.7M |
| Free cash flow | -591K | -8M | -2.6M | -10M | -12.9M | -17.4M | -11.3M | -16M | -15.9M |