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 26 | -$0.16 | -$0.23 | -43.8% | — | — | — |
| Q2 26 | -$0.15 | -$0.17 | -13.3% | — | — | — |
| Q1 26 | -$0.17 | -$0.17 | 0.0% | — | $225K | — |
| Q3 25 | -$0.3 | -$0.2 | +33.3% | — | — | — |
| Q2 25 | -$0.5 | -$0.23 | +54.0% | — | — | — |
| Q1 25 | -$0.53 | -$0.32 | +39.6% | — | $0 | — |
| Q3 24 | -$0.57 | -$0.49 | +14.0% | — | $0 | — |
| Q2 24 | -$0.48 | -$0.53 | -10.4% | — | $0 | — |
| Q1 24 | -$0.56 | -$0.39 | +30.4% | — | $0 | — |
| Q4 23 | -$0.6 | -$0.44 | +26.7% | — | $0 | — |
| Q3 23 | -$0.65 | -$0.41 | +36.9% | — | $0 | — |
| Q2 23 | -$0.47 | -$0.5 | -6.4% | — | $0 | — |
| Q1 23 | -$0.7 | -$0.64 | +8.6% | — | $0 | — |
| Q4 22 | -$0.73 | -$0.54 | +26.0% | — | $0 | — |
| Q3 22 | -$0.49 | -$0.7 | -42.9% | — | $0 | — |
| Q2 22 | -$0.52 | -$0.46 | +11.5% | — | $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 | — | -$0.78 | — | — | $0 | — |
| FY24 | — | -$1.72 | — | — | $0 | — |
| FY23 | — | -$1.87 | — | — | $0 | — |
| FY22 | — | -$4.77 | — | — | $0 | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $6.6M | $2M | $0 | $0 | $0 | $0 | $0 |
| YoY change | -100% | 0% | 0% | +InfinityT% | -69.3% | -100% | 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.
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 6.6M | 2M | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — |
| Research & development | 101.7M | 5.8M | 4.7M | 4M | 6M | 8.8M | 12.4M | 15.2M | 12.5M | 5.1M |
| Selling, general & administrative | 4.1M | 2.4M | 4.4M | 4.9M | 5.6M | 5.4M | 5.7M | 6M | 5.3M | 4M |
| Operating expenses | 105.8M | 8.3M | 9M | 8.9M | 11.6M | 14.2M | 18.1M | 21.2M | 17.9M | 9M |
| Operating income | -105.8M | -8.3M | -9M | -2.3M | -9.6M | -14.2M | -18.1M | -21.2M | -17.9M | -9M |
| Operating margin | — | — | — | -35.1% | -476% | — | — | — | — | — |
| Non-operating income, net | 1.4M | 776K | -53.6M | -45.8M | -54K | 40K | -20.7M | 2.5M | -163K | 54K |
| Pretax income | -104.3M | -7.5M | -62.6M | -48.2M | -9.6M | -14.2M | -38.8M | -18M | -17.5M | -8.8M |
| Income tax | -29.4M | -6.9M | -13.6M | 0 | 0 | — | — | — | — | — |
| Net income | -74.9M | -613K | -49M | -48.2M | -9.6M | -14.2M | -38.8M | -18M | -17.5M | -8.8M |
| Net margin | — | — | — | -733.8% | -479% | — | — | — | — | — |
| EBITDA | -107M | -9M | -9M | -2.2M | -9.4M | -13.8M | 2.9M | -23.7M | -17.3M | -8.7M |
| EPS | -38.1 | -0.36 | -21 | -18.1 | -2.04 | -0.16 | -4.77 | -1.87 | -1.72 | -0.78 |
| Diluted EPS | -39.6 | -0.36 | -21 | -18.1 | -2.04 | -0.16 | -4.77 | -1.87 | -1.72 | -0.78 |
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 | 225K | 105K |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Research & development | 4.2M | 4.3M | 3M | 4.3M | 3.2M | 2M | 1.4M | 1.1M | 954K | 1.6M | 1.4M | 2.1M |
| Selling, general & administrative | 1.8M | 1.4M | 1.2M | 1.1M | 1.8M | 1.2M | 981K | 986K | 1.1M | 862K | 1.2M | 1.1M |
| Operating expenses | 6M | 5.7M | 4.2M | 5.4M | 5M | 3.2M | 2.3M | 2.1M | 2.1M | 2.5M | 2.6M | 3.3M |
| Operating income | -6M | -5.7M | -4.2M | -5.4M | -5M | -3.2M | -2.3M | -2.1M | -2.1M | -2.5M | -2.4M | -3.2M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | -1K% | -3K% |
| Non-operating income, net | 1.6M | 1M | -18K | -46K | -8K | -91K | 3K | 25K | 18K | 8K | 35K | 10K |
| Pretax income | -4.2M | -4.5M | -4M | -5.3M | -4.9M | -3.3M | -2.3M | -2.1M | -2M | -2.4M | -2.3M | -3.2M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — |
| Net income | -4.2M | -4.5M | -4M | -5.3M | -4.9M | -3.3M | -2.3M | -2.1M | -2M | -2.4M | -2.3M | -3.2M |
| Net margin | — | — | — | — | — | — | — | — | — | — | -1K% | -3K% |
| EBITDA | -7.5M | -6.7M | -4.1M | -5.2M | -4.8M | -3M | -2.3M | -2.1M | -1.9M | -2.4M | -2.4M | -3.2M |
| EPS | -0.41 | — | -0.39 | -0.53 | -0.49 | — | -0.23 | -0.2 | -0.19 | — | -0.17 | -0.23 |
| Diluted EPS | -0.41 | — | -0.39 | -0.53 | -0.49 | — | -0.23 | -0.2 | -0.19 | — | -0.17 | -0.23 |
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 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market cap | — | 144.8M | — | — | — | — | — | — | 20.6M | — | 23.3M |
| Enterprise value | — | 145M | — | — | — | — | — | — | 12.5M | — | 21.7M |
| Shares outstanding | 2M | 2M | 2.3M | 2.7M | 4.6M | 7.4M | 8.1M | 9.7M | 10.2M | 11.3M | 11.3M |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | — | — | — | -1.56 |
| P/S | — | — | — | — | — | — | — | — | — | — | 68.3 |
| P/B | — | 1.37 | — | — | — | — | — | — | 2.16 | — | 15.4 |
| EV/EBITDA | — | -16.2 | — | — | — | — | — | — | -0.72 | — | -2.16 |
| EV/Sales | — | — | — | — | — | — | — | — | — | — | 65.8 |
| Earnings yield | — | — | — | — | — | — | — | — | — | — | -63.9% |
| FCF yield | — | -4.8% | — | — | — | — | — | — | -80.3% | — | -18.5% |
| PEG | — | — | — | — | — | — | — | — | — | — | -0.1 |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | -35.1% | -476% | — | — | — | — | — | -3K% |
| Net margin | — | — | — | -733.8% | -479% | — | — | — | — | — | 0% |
| ROE | -73.2% | -0.58% | -73.3% | -187.4% | -18.4% | -18.3% | -98.2% | -68.2% | -183.8% | -139.5% | -311.7% |
| ROA | -60% | -0.5% | -71.5% | -168.8% | -17.8% | -17.9% | -95.1% | -57.5% | -130.1% | -90.9% | -96.1% |
| ROIC | -107.2% | -7.82% | -14% | -12.1% | -47.7% | — | — | — | — | — | — |
| Return on tangible assets | 66.1% | 0.52% | 79.3% | 499% | -60.1% | -34.4% | -95.1% | -57.5% | -130.1% | -90.9% | -213.8% |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 2.68 | 1.51 | 1.89 | 3.62 | 25 | 38.4 | 33 | 8.92 | 4.77 | 3.68 | 1.24 |
| Quick ratio | 2.68 | 1.51 | 1.89 | 3.62 | 25 | 38.4 | 33 | 8.92 | 4.77 | 3.68 | 1.24 |
| Debt / equity | — | 0.01 | 0 | 0.03 | 0.01 | 0.01 | 0.01 | 0.07 | 0.19 | 0.24 | 1.28 |
| Debt / assets | — | 0.01 | 0 | 0.03 | 0.01 | 0.01 | 0.01 | 0.06 | 0.13 | 0.15 | 0.29 |
| Net debt / EBITDA | — | -0.03 | 0.27 | 2.99 | 3.44 | 4.2 | -12.5 | 1.03 | 0.47 | 0.63 | 0.08 |
| Interest coverage | — | — | -1.1K | -2.5K | -1.2K | -3.5K | -9.1K | — | — | — | — |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | — | — | — | — | — | — |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 0 | 2.47 | 0.44 | 0 | 0 | 0 | 0 | 0 | 0.03 |
| EPS (basic) | -38.1 | -0.36 | -21 | -18.1 | -2.04 | -0.16 | -4.77 | -1.87 | -1.72 | -0.78 | -0.78 |
| EPS (diluted) | -39.6 | -0.36 | -21 | -18.1 | -2.04 | -0.16 | -4.77 | -1.87 | -1.72 | -0.78 | -0.75 |
| Book value per share | 52.2 | 52.4 | 28.7 | 9.68 | 11.4 | 10.5 | 4.86 | 2.73 | 0.94 | 0.56 | 0.08 |
| FCF per share | -7.5 | -3.45 | -3.56 | -0.64 | -2.19 | -1.73 | -2.64 | -1.53 | -1.62 | -0.73 | -0.58 |
| Cash per share | 1.84 | 0.37 | 1.17 | 2.79 | 7.17 | 7.97 | 4.56 | 2.73 | 0.97 | 0.62 | 0.11 |
| Capex per share | 0.03 | 0.02 | 0.01 | 0.05 | 0.05 | 0.01 | 0.01 | 0.01 | 0 | — | — |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Capex / revenue | — | — | — | 2.21% | 11.9% | — | — | — | — | — | — |
| Capex / operating cash flow | -0.05% | -0.59% | -0.05% | -0.3% | -2.75% | -0.43% | -0.19% | -0.69% | -0.05% | — | — |
| Payout ratio | — | — | — | — | — | — | — | — | — | — | 0% |
| FY21 | — | -$0.16 | — | — | $0 | — |
| FY20 | — | -$2.04 | — | — | $2M | — |
| FY19 | — | -$18.1 | — | — | $6.6M | — |
| FY18 | — | -$21 | — | — | $0 | — |
| FY17 | — | -$0.36 | — | — | $0 | — |
| FY16 | — | -$38.1 | — | — | $0 | — |
| 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 | $225K | $105K |
| YoY change | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | +InfinityT% | +InfinityT% |
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 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 3.6M | 748K | 2.7M | 7.4M | 33M | 58.7M | 37.1M | 26.4M | 9.9M | 7M |
| Receivables | 21K | 1K | 0 | 644K | 556K | 0 | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 5.5M | 2.2M | 2.9M | 8.3M | 34M | 59.3M | 40.2M | 29.1M | 11.6M | 8.1M |
| Property, plant & equipment | 280K | 119K | 384K | 1.1M | 1.1M | 931K | 616K | 2.1M | 1.8M | 1.5M |
| Goodwill & intangibles | 238.2M | 238.2M | 130.4M | 38.2M | 38.2M | 38.2M | 0 | — | — | — |
| Total assets | 124.9M | 121.4M | 68.6M | 28.5M | 54.2M | 79.4M | 40.8M | 31.3M | 13.5M | 9.7M |
| Accounts payable | 563K | 494K | 616K | 1.5M | 657K | 578K | 614K | 1.2M | 1.5M | 890K |
| Short-term debt | — | — | 214K | 280K | 217K | 236K | 240K | 240K | 301K | 334K |
| Total current liabilities | 2M | 1.4M | 1.6M | 2.3M | 1.4M | 1.5M | 1.2M | 3.3M | 2.4M | 2.2M |
| Long-term debt | — | 1M | 117K | 537K | 379K | 298K | 57K | 1.6M | 1.5M | 1.2M |
| Total liabilities | 22.6M | 16M | 1.7M | 2.8M | 1.7M | 1.8M | 1.3M | 4.9M | 3.9M | 3.4M |
| Shareholders' equity | 102.3M | 105.4M | 66.9M | 25.7M | 52.5M | 77.5M | 39.6M | 26.4M | 9.5M | 6.3M |
| Total debt | — | 1M | 331K | 817K | 596K | 534K | 297K | 1.9M | 1.8M | 1.5M |
| Net debt | — | 259K | -2.4M | -6.6M | -32.4M | -58.2M | -36.8M | -24.5M | -8.1M | -5.5M |
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 | 29.7M | 26.4M | 21.8M | 18.1M | 13M | 9.9M | 6.9M | 4.8M | 7.7M | 7M | 4.7M | 2.2M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 32.2M | 29.1M | 24.5M | 19.7M | 14.3M | 11.6M | 8.8M | 6.8M | 8.8M | 8.1M | 5.9M | 3.2M |
| Property, plant & equipment | 363K | 2.1M | 2M | 1.9M | 1.9M | 1.8M | 1.7M | 1.7M | 1.6M | 1.5M | 1.4M | 1.3M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 32.6M | 31.3M | 26.5M | 21.6M | 16.2M | 13.5M | 10.7M | 8.5M | 10.4M | 9.7M | 7.4M | 4.6M |
| Accounts payable | 568K | 1.2M | 1.2M | 1.7M | 859K | 1.5M | 808K | 856K | 745K | 890K | 1.4M | 1.9M |
| Short-term debt | 118K | 240K | 240K | 251K | 293K | 301K | 309K | 317K | 326K | 334K | 343K | 352K |
| Total current liabilities | 1.9M | 3.3M | 2.4M | 2.7M | 1.9M | 2.4M | 1.9M | 1.8M | 1.5M | 2.2M | 2.2M | 2.6M |
| Long-term debt | 0 | 1.6M | 1.6M | 1.5M | 1.6M | 1.5M | 1.4M | 1.3M | 1.3M | 1.2M | 1.1M | 989K |
| Total liabilities | 1.9M | 4.9M | 4M | 4.2M | 3.5M | 3.9M | 3.4M | 3.2M | 2.8M | 3.4M | 3.3M | 3.6M |
| Shareholders' equity | 30.7M | 26.4M | 22.6M | 17.4M | 12.7M | 9.5M | 7.3M | 5.3M | 7.7M | 6.3M | 4.1M | 1M |
| Total debt | 118K | 1.9M | 1.8M | 1.8M | 1.9M | 1.8M | 1.7M | 1.7M | 1.6M | 1.5M | 1.4M | 1.3M |
| Net debt | -29.6M | -24.5M | -20M | -16.4M | -11.1M | -8.1M | -5.2M | -3.1M | -6.1M | -5.5M | -3.3M | -828K |
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 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -74.9M | -613K | -49M | -48.2M | -9.6M | -14.2M | -38.8M | -18M | -17.5M | -8.8M |
| Depreciation & amortization | 201K | 101K | 50K | 98K | 157K | 382K | 388K | -1.4M | 446K | 376K |
| Stock-based compensation | 548K | 614K | 562K | 351K | 662K | 724K | 855K | 801K | 643K | 270K |
| Change in working capital | 13K | -12K | -28K | -498K | 271K | 748K | -716K | -174K | -325K | 509K |
| Operating cash flow | -103.5M | -6.8M | -62.1M | -48.4M | -8.7M | -12.1M | -38.5M | -17.2M | -16.9M | -8.2M |
| Capital expenditure | -51K | -40K | -28K | -145K | -240K | -52K | -74K | -118K | -8K | — |
| Investing cash flow | -30K | -40K | 1.4M | -145K | -240K | -52K | -74K | -118K | -8K | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 9M | 4M | 8.7M | 6.4M | 35.7M | 38.5M | -27K | 4M | 0 | 5.4M |
| Net change in cash | -94.5M | -2.8M | -52.1M | -42.1M | 26.7M | 26.3M | -38.6M | -13.3M | -17M | -2.8M |
| Free cash flow | -14.7M | -6.9M | -8.3M | -1.7M | -10.1M | -12.8M | -21.5M | -14.8M | -16.5M | -8.2M |
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 | -4.2M | -4.5M | -4M | -5.3M | -4.9M | -3.3M | -2.3M | -2.1M | -2M | -2.4M | -2.3M | -3.2M |
| Depreciation & amortization | 108K | -1.7M | 35K | 211K | 277K | 101K | 25K | 21K | 239K | 91K | 12K | 12K |
| Stock-based compensation | 173K | 158K | 157K | 148K | 253K | 85K | 82K | 84K | 48K | 56K | 84K | 92K |
| Change in working capital | 212K | -340K | -940K | -693K | 425K | -563K | -733K | -123K | 196K | 740K | -47K | 108K |
| Operating cash flow | -3.7M | -4.6M | -4.7M | -5.7M | -4.1M | -3.7M | -2.9M | -2.2M | -1.4M | -1.7M | -2.3M | -2.5M |
| Capital expenditure | 0 | -59K | -8K | 0 | 0 | 0 | 0 | — | — | — | — | — |
| Investing cash flow | 0 | -59K | -8K | 0 | 0 | 0 | 0 | — | — | — | — | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 0 | 0 | 0 | 0 | 0 | 0 | — | — | — | 5.2M | — | — |
| Net change in cash | -3.7M | -4.7M | -4.7M | -5.7M | -4.1M | -3.7M | -2.9M | -2.2M | -1.4M | 3.5M | -2.3M | -2.5M |
| Free cash flow | -2.7M | -3.4M | -4.5M | -3.7M | -5.1M | -3.2M | -2.9M | -2.2M | -1.4M | -1.7M | -2.3M | -2.5M |