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 | -$0.36 | -$0.28 | +22.2% | — | $243.7K | — |
| Q1 26 | -$0.39 | -$0.32 | +17.9% | — | $251.1K | — |
| Q4 25 | -$0.3 | -$0.34 | -13.3% | — | $4M | — |
| Q3 25 | -$0.3 | -$0.13 | +56.7% | — | $3.6M | — |
| Q2 25 | -$0.43 | -$0.36 | +16.3% | — | $163.6K | — |
| Q1 25 | -$0.12 | -$0.44 | -266.7% | — | $257.9K | — |
| Q4 24 | -$0.14 | -$0.18 | -28.6% | — | $2K | — |
| Q3 24 | -$0.41 | -$0.26 | +36.6% | — | $0 | — |
| Q2 24 | -$0.14 | -$0.19 | -35.7% | — | $3.4M | — |
| Q1 24 | -$0.3 | -$0.35 | -16.7% | — | $126.8K | — |
| Q4 23 | $0.26 | $0.15 | -42.3% | — | $6M | — |
| Q3 23 | -$0.37 | -$0.34 | +8.1% | — | $0 | — |
| Q2 23 | -$0.32 | -$0.31 | +3.1% | — | $0 | — |
| Q1 23 | -$0.43 | -$0.28 | +34.9% | — | $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 | — | -$1.27 | — | — | $7.9M | — |
| FY24 | — | -$0.98 | — | — | $3.6M | — |
| FY23 | — | -$0.79 | — | — | $6M | — |
| FY22 | — | -$4.73 | — | — | $0 | — |
| FY21 | — | -$0.74 | — | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $0 | $0 | $6M | $3.6M | $7.9M |
| YoY change | — | 0% | +InfinityT% | -40.8% | +123.6% |
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 | Q2 25 | Q3 25 |
|---|
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 0 | 0 | 6M | 3.6M | 7.9M |
| Cost of revenue | — | — | — | — | — |
| Gross profit | — | — | — | — | — |
| Gross margin | — | — | — | — | — |
| Research & development | 2.5M | 4.9M | 6M | 11.9M | 19M |
| Selling, general & administrative | 2.3M | 4.8M | 7.8M | 8.9M | 11.4M |
| Operating expenses | 4.9M | 9.8M | 13.9M | 20.8M | 30.5M |
| Operating income | -4.9M | -9.8M | -7.9M | -17.2M | -22.6M |
| Operating margin | — | — | -131.7% | -485.4% | -283.9% |
| Non-operating income, net | -21.5K | -2.4M | 639.4K | 1.6M | 1.3M |
| Pretax income | -4.9M | -12.2M | -7.3M | -15.6M | -21.2M |
| Income tax | — | 0 | 723.9K | -720.3K | 3.1K |
| Net income | -4.9M | -12.2M | -8M | -14.9M | -21.2M |
| Net margin | — | — | -133.1% | -418.7% | -267.1% |
| EBITDA | -4.9M | -7.3M | -7.9M | -17.2M | -22.5M |
| EPS | -0.74 | -4.73 | -0.79 | -0.98 | -1.27 |
| Diluted EPS | -0.74 | -4.73 | -0.79 | -0.98 | -1.27 |
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 | 6M | 126.8K | 3.4M | 0 | 2K | 257.9K | 163.6K | 3.6M | 4M | 251.1K | 243.7K |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Research & development | 1.6M | 1.8M | 3.2M | 4.6M | 2.2M | 1.9M | 5.2M | 3.7M | 3.4M | 6.7M | 4.1M | 5M |
| Selling, general & administrative | 2M | 2.4M | 2.4M | 2.1M | 2.2M | 2.1M | 2.7M | 2.9M | 2.6M | 3.3M | 3.8M | 2.3M |
| Operating expenses | 3.6M | 4.2M | 5.6M | 6.7M | 4.4M | 4.1M | 7.9M | 6.6M | 6M | 10M | 7.9M | 7.3M |
| Operating income | -3.6M | 1.8M | -5.5M | -3.2M | -4.5M | -4.1M | -7.7M | -6.4M | -2.4M | -6M | -7.6M | -7M |
| Operating margin | — | 30.2% | -4.3K% | -94.5% | — | -209K% | -3K% | -3.9K% | -68.3% | -152.3% | -3K% | -2.9K% |
| Non-operating income, net | 142.1K | 174.7K | 431.1K | 344.4K | 428.9K | 444.2K | 370.2K | 319.5K | 317.1K | 325.4K | 433.2K | 408.7K |
| Pretax income | -3.4M | 2M | -5.1M | -2.9M | -4M | -3.6M | -7.3M | -6.1M | -2.1M | -5.7M | -7.2M | -6.6M |
| Income tax | — | — | — | — | — | — | 0 | 0 | — | — | 0 | 0 |
| Net income | -3.4M | 1.3M | -5.1M | -2.9M | -4M | -2.9M | -7.3M | -6.1M | -2.1M | -5.7M | -7.2M | -6.6M |
| Net margin | — | 21.1% | -4K% | -84.4% | — | -149.4K% | -2.8K% | -3.7K% | -59.4% | -144.2% | -2.9K% | -2.7K% |
| EBITDA | -3.6M | 1.8M | -5.5M | -3.2M | -4.4M | -4.1M | -7.7M | -6.4M | -2.4M | -6M | -7.6M | -7M |
| EPS | -0.34 | — | -0.35 | -0.19 | -0.26 | — | -0.44 | -0.36 | -0.13 | — | -0.32 | -0.28 |
| Diluted EPS | -0.34 | — | -0.35 | -0.19 | -0.26 | — | -0.44 | -0.36 | -0.13 | — | -0.32 | -0.28 |
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 | — | — | — | — | — | 97M | 116.8M |
| Enterprise value | — | — | — | — | — | 50.2M | 76M |
| Shares outstanding | — | 6.6M | 2.6M | 10.2M | 15.2M | 16.7M | 16.7M |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | -3.93 |
| P/S | — | — | — | — | — | 12.2 | 14.9 |
| P/B | — | — | — | — | — | 2.26 | 2.75 |
| EV/EBITDA | — | — | — | — | — | -2.23 | -3.65 |
| EV/Sales | — | — | — | — | — | 6.32 | 9.47 |
| Earnings yield | — | — | — | — | — | — | -25.4% |
| FCF yield | — | — | — | — | — | -11.1% | -9.37% |
| PEG | — | — | — | — | — | — | 0.18 |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | -131.7% | -485.4% | -283.9% | -2.9K% |
| Net margin | — | — | — | -133.1% | -418.7% | -267.1% | -270.2% |
| ROE | — | -134.3% | 145.9% | -22.4% | -37.6% | -49.3% | -60.5% |
| ROA | — | -102.1% | -145.8% | -19.4% | -33.6% | -42.5% | -32.3% |
| ROIC | — | — | 720.5% | -262.7% | -1.4K% | 594.4% | 594.4% |
| Return on tangible assets | — | -102.1% | -145.8% | -19.4% | -33.6% | -42.5% | -45.8% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Current ratio | — | 3.99 | 1.88 | 8.15 | 11.6 | 8.5 | 13.4 |
| Quick ratio | — | 3.99 | 1.88 | 8.15 | 11.6 | 8.5 | 13.4 |
| Debt / equity | — | — | -1.54 | — | — | — | 0 |
| Debt / assets | — | — | 1.54 | — | — | — | — |
| Net debt / EBITDA | — | — | -0.96 | — | — | — | 2.07 |
| Effective tax rate | — | — | 0% | 0% | 0% | 0% | 0% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Revenue per share | — | 0 | 0 | 0.59 | 0.23 | 0.47 | 0.4 |
| EPS (basic) | — | -0.74 | -4.73 | -0.79 | -0.98 | -1.27 | -1.27 |
| EPS (diluted) | — | -0.74 | -4.73 | -0.79 | -0.98 | -1.27 | -1.07 |
| Book value per share | — | 0.55 | -3.24 | 3.51 | 2.6 | 2.57 | 1.84 |
| FCF per share | — | -0.61 | -2.79 | -1.1 | -0.68 | -0.64 | -0.71 |
| Cash per share | — | 0.66 | 2.29 | 3.21 | 2.52 | 2.8 | 1.84 |
| Capex per share | — | 0.02 | 0 | — | — | — | — |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Capex / operating cash flow | — | -3.44% | 0% | — | — | — | — |
| Payout ratio | — | — | — | — | — | — | 0% |
| $0 |
| — |
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $0 | $6M | $126.8K | $3.4M | $0 | $2K | $257.9K | $163.6K | $3.6M | $4M | $251.1K | $243.7K |
| YoY change | 0% | +InfinityT% | +InfinityT% | +InfinityT% | 0% | -100% | +103.3% | -95.2% | +InfinityT% | +202.8K% | -2.61% | +49% |
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 | 8.7M | 4.3M | 5.9M | 32.6M | 38.3M | 46.8M |
| Receivables | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — |
| Total current assets | 8.7M | 4.6M | 7.2M | 41.2M | 44.3M | 49.9M |
| Property, plant & equipment | 0 | 120.7K | 93.3K | 65.9K | 38.6K | — |
| Goodwill & intangibles | — | — | — | — | — | — |
| Total assets | 8.7M | 4.8M | 8.4M | 41.3M | 44.3M | 50M |
| Accounts payable | 447.1K | 857.6K | 1.8M | 1.2M | 1.6M | 1.1M |
| Short-term debt | — | — | — | — | — | — |
| Total current liabilities | 447.1K | 1.1M | 3.8M | 5.1M | 3.8M | 5.9M |
| Long-term debt | — | — | 13M | — | — | — |
| Total liabilities | 447.1K | 1.1M | 16.8M | 5.6M | 4.8M | 6.9M |
| Shareholders' equity | 8.3M | 3.6M | -8.4M | 35.6M | 39.6M | 43M |
| Total debt | — | — | 13M | — | — | — |
| Net debt | — | — | 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 | 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 | 10.9M | — | — | — | — | — | — | — | 28.1M | 46.8M | 50.7M | 43.2M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 11.8M | — | — | — | — | — | — | — | 32M | 49.9M | 53.3M | 47.1M |
| Property, plant & equipment | — | — | — | — | — | — | — | — | — | — | — | — |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 11.9M | — | — | — | — | — | — | — | 32M | 50M | 53.3M | 47.3M |
| Accounts payable | 634K | — | — | — | — | — | — | — | 1.1M | 1.1M | 948.2K | 1.1M |
| Short-term debt | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | 1.8M | — | — | — | — | — | — | — | 3.7M | 5.9M | 3.5M | 3.5M |
| Long-term debt | — | — | — | — | — | — | — | — | — | — | — | — |
| Total liabilities | 1.8M | — | — | — | — | — | — | — | 4.8M | 6.9M | 4.3M | 4M |
| Shareholders' equity | 10.1M | — | — | — | — | — | — | — | 27.3M | 43M | 49M | 43.3M |
| Total debt | — | — | — | — | — | — | — | — | — | — | — | — |
| Net debt | — | — | — | — | — | — | — | — | — | — | — | — |
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 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Net income | -4.9M | -12.2M | -8M | -14.9M | -21.2M |
| Depreciation & amortization | 16.1K | 27.4K | 27.4K | 27.4K | 27.4K |
| Stock-based compensation | 233.2K | 207.3K | 872.2K | 2.7M | 4.3M |
| Change in working capital | 665.2K | 845.3K | -5.7M | 8.3M | -72.8K |
| Operating cash flow | -4M | -7.1M | -12.2M | -3.9M | -10.7M |
| Capital expenditure | -136.8K | 0 | — | — | — |
| Investing cash flow | -136.8K | -525K | -543.2K | -25K | -1.2M |
| Dividends paid | — | — | — | — | — |
| Share repurchases | — | — | — | — | — |
| Financing cash flow | -340.9K | 9.4M | 38.3M | 13.9M | 20.3M |
| Net change in cash | -4.5M | 1.7M | 25.5M | 10M | 8.4M |
| Free cash flow | -4M | -7.2M | -11.2M | -10.3M | -10.7M |
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 | 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 | -3.4M | 1.3M | -5.1M | -2.9M | -4M | -2.9M | -7.3M | -6.1M | -2.1M | -5.7M | -7.2M | -6.6M |
| Depreciation & amortization | 6.8K | 6.8K | 6.8K | 6.8K | 6.8K | 6.8K | 6.8K | 6.8K | 6.8K | 6.8K | 2.8K | 2.8K |
| Stock-based compensation | 262.8K | 238K | 435.7K | 662.3K | 775K | 790.5K | 1.1M | 1M | 1.1M | 1.1M | 2.2M | 943.9K |
| Change in working capital | 396.4K | 476.7K | 7.9M | 663.5K | -1.5M | 1.2M | -156K | -922.3K | 816.1K | 189.4K | -405.9K | -185.1K |
| Operating cash flow | -2.8M | 2.2M | 3.2M | -1.6M | -4.7M | -868.9K | -6.4M | -5.8M | -1.1M | -1M | -6.2M | -7.4M |
| Capital expenditure | — | — | — | — | — | — | — | — | — | — | — | — |
| Investing cash flow | — | — | — | — | — | — | — | — | — | — | -885K | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 0 | 24.1M | -120.7K | 5M | -56.3K | 9.1M | — | 0 | 0 | 20.3M | 11M | -41.8K |
| Net change in cash | -2.8M | 26.3M | 3.1M | 3.4M | -4.8M | 8.2M | -6.4M | -5.8M | -1.1M | 19.3M | 3.9M | -7.4M |
| Free cash flow | -2.2M | -1.9M | 2.1M | -4.6M | -5.5M | -2.4M | -2.8M | -5.8M | -1.6M | -491.1K | -6.2M | -8.3M |