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 | -$0.09 | -$0.15 | -66.7% | — | $0 | — |
| Q1 26 | -$0.12 | -$0.09 | +25.0% | — | $0 | — |
| Q4 25 | -$0.11 | -$0.14 | -27.3% | — | $0 | — |
| Q2 25 | -$0.05 | -$0.09 | -80.0% | — | $0 | — |
| Q1 25 | -$0.06 | -$0.05 | +16.7% | — | $0 | — |
| Q4 24 | -$0.09 | -$0.04 | +55.6% | — | $0 | — |
| Q3 24 | -$0.09 | -$0.22 | -144.4% | — | $0 | — |
| Q2 24 | -$0.07 | -$0.04 | +42.9% | — | $0 | — |
| Q1 24 | -$0.44 | -$0.23 | +47.7% | — | $0 | — |
| Q4 23 | -$0.35 | -$0.42 | -20.0% | — | $0 | — |
| Q3 23 | -$0.31 | -$0.37 | -19.4% | — | $0 | — |
| Q2 23 | -$0.2 | -$0.31 | -55.0% | — | $0 | — |
| Q1 23 | — | -$0.4 | — | — | $0 | — |
| Q4 22 | — | -$0.22 | — | — | $0 | — |
| Q3 22 | — | -$0.24 | — | — | $0 | — |
| Q2 22 | — | -$0.25 | — | — | $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 | — | -$0.38 | — | — | $0 | — |
| FY24 | — | -$0.46 | — | — | $0 | — |
| FY23 | — | -$1.5 | — | — | $0 | — |
| FY22 | — | -$0.93 | — | — | $0 | — |
| FY21 | — | -$3.69 |
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 | $0 | $0 |
| YoY change | — | 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.
| Period | Q3 23 | Q4 23 | Q1 24 | Q2 24 |
|---|
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 | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — |
| Research & development | 2.4M | 1.6M | 3.8M | 7.1M | 17.8M | 22.7M | 31.9M |
| Selling, general & administrative | 3M | 930.7K | 3.6M | 7.8M | 7.3M | 7.2M | 7.8M |
| Operating expenses | 5.4M | 2.6M | 7.4M | 14.9M | 25.1M | 29.9M | 39.7M |
| Operating income | -5.4M | -2.6M | -7.4M | -14.9M | -25.1M | -29.9M | -39.7M |
| Operating margin | — | — | — | — | — | — | — |
| Non-operating income, net | 93.4K | 9.9M | -3M | -502K | -55.6K | -1.4K | 200.5K |
| Pretax income | -6.4M | 6.6M | -10.5M | -14.8M | -24M | -26.7M | -36.1M |
| Income tax | — | — | — | — | — | — | — |
| Net income | -6.4M | 6.6M | -10.5M | -14.8M | -24M | -26.7M | -36.1M |
| Net margin | — | — | — | — | — | — | — |
| EBITDA | -5.4M | -2.6M | -7.3M | -14.4M | -25.1M | -29.9M | -39.7M |
| EPS | -0.63 | 0.1 | -3.69 | -0.93 | -1.5 | -0.46 | -0.38 |
| Diluted EPS | -0.63 | -0.8 | -3.69 | -0.93 | -1.5 | -0.46 | -0.38 |
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 | 4.5M | 5.3M | 2M | 1.4M | 16.8M | 2.5M | 3.5M | 7.8M | 8.7M | 11.8M | 7M | 12.5M |
| Selling, general & administrative | 1.7M | 1.6M | 1.9M | 1.7M | 1.9M | 1.8M | 2.1M | 1.9M | 1.9M | 2M | 2.3M | 2.4M |
| Operating expenses | 6.2M | 6.9M | 3.8M | 3.1M | 18.7M | 4.3M | 5.5M | 9.8M | 10.6M | 13.8M | 9.3M | 15M |
| Operating income | -6.2M | -6.9M | -3.8M | -3.1M | -18.7M | -4.3M | -5.5M | -9.8M | -10.6M | -13.8M | -9.3M | -15M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | 15.4K | -61.4K | 3.4K | -6.1K | -2.2K | 3.5K | -6.6K | 27.1K | 83.5K | 96.6K | 143.1K | -9.6K |
| Pretax income | -5.9M | -6.8M | -3.7M | -2.3M | -17.5M | -3.3M | -4.6M | -8.8M | -9.7M | -13M | -8.7M | -14.6M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — |
| Net income | -5.9M | -6.8M | -3.7M | -2.3M | -17.5M | -3.3M | -4.6M | -8.8M | -9.7M | -13M | -8.7M | -14.6M |
| Net margin | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -6.2M | -6.9M | -3.8M | -3.1M | -18.7M | -4.3M | -5.5M | -9.8M | -10.6M | -13.8M | -9.3M | -15M |
| EPS | -0.37 | — | -0.23 | -0.04 | -0.22 | — | -0.05 | -0.09 | -0.1 | — | -0.09 | -0.15 |
| Diluted EPS | -0.37 | — | -0.23 | -0.04 | -0.22 | — | -0.05 | -0.09 | -0.1 | — | -0.09 | -0.15 |
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 | — | — | — | — | 18M | — | — | 30M |
| Enterprise value | — | — | — | — | 3.6M | — | — | -11M |
| Shares outstanding | 10.2M | 10.2M | 2.8M | 16M | 16M | 58.4M | 95.2M | 95.2M |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | -0.86 |
| P/B | — | — | — | — | 1.52 | — | — | 0.83 |
| EV/EBITDA | — | — | — | — | -0.14 | — | — | 0.23 |
| Earnings yield | — | — | — | — | — | — | — | -116.4% |
| FCF yield | — | — | — | — | -116.7% | — | — | -105.3% |
| PEG | — | — | — | — | — | — | — | -0.01 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | — | — | 0% |
| Net margin | — | — | — | — | — | — | — | 0% |
| ROE | 26.6% | -39.3% | -21.7% | -42.7% | -201.9% | -28.1% | -59.7% | -76.1% |
| ROA | -2.3K% | 1.4K% | -20.4% | -39.1% | -149.2% | -27.2% | -52.7% | -45.7% |
| Return on tangible assets | -2.3K% | 1.4K% | -20.4% | -39.1% | -149.2% | -27.2% | -52.7% | -99.6% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Current ratio | 0.01 | 0.03 | 16.9 | 11.8 | 3.83 | 35.6 | 8.52 | 5.81 |
| Quick ratio | 0.01 | 0.03 | 16.9 | 11.8 | 3.83 | 35.6 | 8.52 | 5.81 |
| Debt / equity | -0.91 | -0.35 | — | 0 | — | 0 | 0 | 0.01 |
| Debt / assets | 79.9 | 12.7 | — | 0 | — | 0 | 0 | 0.01 |
| Net debt / EBITDA | -4.02 | -2.2 | — | 2.47 | — | 3.15 | 1.66 | 0.88 |
| Interest coverage | -4.8 | 11 | -161.8 | — | — | — | — | — |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (basic) | -0.63 | 0.1 | -3.69 | -0.93 | -1.5 | -0.46 | -0.38 | -0.38 |
| EPS (diluted) | -0.63 | -0.8 | -3.69 | -0.93 | -1.5 | -0.46 | -0.38 | -0.48 |
| Book value per share | -2.35 | -1.66 | 17 | 2.18 | 0.74 | 1.63 | 0.64 | 0.41 |
| FCF per share | -0.28 | -0.1 | -3.19 | -0.88 | -1.32 | -0.5 | -0.3 | -0.43 |
| Cash per share | 0.02 | 0.03 | 17.5 | 2.22 | 0.91 | 1.62 | 0.69 | 0.47 |
| Capex per share | — | — | 0 | 0 | 0 | 0 | — | — |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Capex / operating cash flow | — | — | 0% | -0.26% | 0% | -0.06% | — | — |
| Payout ratio | — | — | — | — | — | — | — | 0% |
| — |
| — |
| $0 |
| — |
| FY20 | — | $0.1 | — | — | $0 | — |
| FY19 | — | -$0.63 | — | — | $0 | — |
| 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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 226.6K | 290.7K | 49.6M | 35.5M | 14.4M | 94.4M | 66M |
| Receivables | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — |
| Total current assets | 239.6K | 299.3K | 51.3M | 37.9M | 16M | 97.9M | 68.4M |
| Property, plant & equipment | — | — | — | 79.5K | 15.5K | 230.8K | 140.1K |
| Goodwill & intangibles | — | — | — | — | — | — | — |
| Total assets | 273.5K | 467.3K | 51.3M | 38M | 16.1M | 98.1M | 68.5M |
| Accounts payable | 2.1M | 2.7M | 1.8M | 936.3K | 2.4M | 1.5M | 2.5M |
| Short-term debt | 21.8M | 5.9M | — | 55.1K | — | 107.3K | 112.1K |
| Total current liabilities | 24.1M | 9.5M | 3M | 3.2M | 4.2M | 2.7M | 8M |
| Long-term debt | — | 69K | — | — | — | 112.1K | 0 |
| Total liabilities | 24.2M | 17.4M | 3M | 3.2M | 4.2M | 2.9M | 8M |
| Shareholders' equity | -24M | -16.9M | 48.3M | 34.8M | 11.9M | 95.3M | 60.5M |
| Total debt | 21.8M | 6M | — | 55.1K | — | 219.4K | 112.1K |
| Net debt | 21.6M | 5.7M | — | -35.4M | — | -94.2M | -65.9M |
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 | 21.7M | 14.4M | 10.1M | 101.5M | 84.8M | 94.4M | 89.4M | 83.5M | 76.9M | 66M | 54.5M | 43M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 23M | 16M | 11M | 102.7M | 86.1M | 97.9M | 92.7M | 86.9M | 79.1M | 68.4M | 58.5M | 45.8M |
| Property, plant & equipment | 18.1K | 15.5K | — | — | 259K | 230.8K | 41.9K | 37.8K | 172.3K | 140.1K | 342.3K | 315.3K |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 23M | 16.1M | 11.1M | 102.7M | 86.3M | 98.1M | 93M | 87.2M | 79.2M | 68.5M | 58.9M | 46.1M |
| Accounts payable | 1.8M | 2.4M | 2M | 611.5K | 1M | 1.5M | 1M | 2.4M | 2.7M | 2.5M | 2.5M | 3.3M |
| Short-term debt | — | — | — | — | 104.2K | 107.3K | 111.1K | 115K | 119K | 112.1K | 160.1K | 167.5K |
| Total current liabilities | 4.6M | 4.2M | 2.6M | 1.6M | 2.3M | 2.7M | 1.9M | 4.6M | 6M | 8M | 6.5M | 7.9M |
| Long-term debt | — | — | — | — | 140.2K | 112.1K | 82.6K | 52.3K | 21.2K | 0 | 122.4K | 77.5K |
| Total liabilities | 4.6M | 4.2M | 2.6M | 1.6M | 2.5M | 2.9M | 2M | 4.6M | 6.1M | 8M | 6.7M | 8M |
| Shareholders' equity | 18.4M | 11.9M | 8.4M | 101.1M | 83.9M | 95.3M | 91M | 82.5M | 73.2M | 60.5M | 52.2M | 38.2M |
| Total debt | — | — | — | — | 244.4K | 219.4K | 193.7K | 167.3K | 140.2K | 112.1K | 282.4K | 245K |
| Net debt | — | — | — | — | -84.6M | -94.2M | -89.2M | -83.3M | -76.8M | -65.9M | -54.2M | -42.7M |
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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Net income | -6.4M | 6.6M | -10.5M | -14.8M | -24M | -26.7M | -36.1M |
| Depreciation & amortization | — | — | 0 | 9.3K | 12K | 10.9K | 16.3K |
| Stock-based compensation | 775.3K | 219.2K | 511.1K | 976.4K | 1.1M | 841.9K | 1.3M |
| Change in working capital | 505.4K | 556.3K | -866K | -896.1K | 1.4M | -987.4K | 988.7K |
| Operating cash flow | -2.9M | -1.8M | -7.7M | -14.2M | -21.5M | -12.1M | -26.4M |
| Capital expenditure | — | — | 0 | -36.8K | 0 | -7.3K | — |
| Investing cash flow | — | — | 0 | -36.8K | 0 | -7.3K | — |
| Dividends paid | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — |
| Financing cash flow | 2M | 1.1M | 58.4M | -102.1K | — | 109.3M | -15.3K |
| Net change in cash | -935.1K | -647.6K | 50.7M | -14.4M | -21.5M | 97.2M | -26.4M |
| Free cash flow | -2.8M | -1M | -9M | -14.1M | -21M | -29.3M | -28.4M |
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 | 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 | -5.9M | -6.8M | -3.7M | -2.3M | -17.5M | -3.3M | -4.6M | -8.8M | -9.7M | -13M | -8.7M | -14.6M |
| Depreciation & amortization | 3.1K | 2.6K | 2.6K | 2.6K | 2.8K | 2.9K | 4.1K | 4.1K | 4.1K | 4.1K | 4.7K | 6.6K |
| Stock-based compensation | 254.9K | 256.1K | 240K | 157K | 213K | 231.8K | 293.7K | 389.1K | 323.1K | 325.2K | 409.2K | 528.1K |
| Change in working capital | 653K | 555.2K | -337.7K | -1.5M | 445.5K | 383.3K | -461.3K | 1.4M | 297.9K | -216.1K | -97.9K | 785K |
| Operating cash flow | -5M | -6M | -3.8M | -3.6M | -16.8M | -2.7M | -4.7M | -5.8M | -6.6M | -8.9M | -11.4M | -7M |
| Capital expenditure | 0 | 0 | — | — | -7.3K | 0 | -33.9K | — | — | — | — | — |
| Investing cash flow | 0 | 0 | — | — | -7.3K | 0 | -33.9K | — | — | — | — | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 0 | — | — | — | -44.6K | 14.5M | -15.3K | 0 | 0 | 0 | — | — |
| Net change in cash | -5M | -6M | -3.8M | -3.6M | -16.9M | 11.8M | -4.8M | -5.8M | -6.6M | -8.9M | -11.4M | -7M |
| Free cash flow | -3.5M | -7.2M | -4.4M | -3.4M | -16.7M | -4.9M | -5.1M | -5.8M | -6.6M | -10.9M | -11.5M | -11.5M |