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 | -$0.1 | -$0.05 | +50.0% | — | — | — |
| Q2 26 | -$0.09 | -$0.1 | -11.1% | — | — | — |
| Q1 26 | -$0.11 | -$0.07 | +36.4% | — | $0 | — |
| Q4 25 | -$0.1 | -$0.12 | -20.0% | — | — | — |
| Q3 25 | -$0.12 | -$0.1 | +16.7% | — | — | — |
| Q2 25 | -$0.13 | -$0.1 | +23.1% | — | — | — |
| Q1 25 | -$0.12 | -$0.09 | +25.0% | — | $0 | — |
| Q3 24 | -$0.11 | -$0.18 | -63.6% | — | $0 | — |
| Q2 24 | -$0.13 | -$0.1 | +23.1% | — | $0 | — |
| Q1 24 | -$0.1 | -$0.14 | -40.0% | — | $0 | — |
| Q3 23 | -$0.12 | -$0.09 | +25.0% | — | $0 | — |
| Q2 23 | -$0.12 | -$0.12 | 0.0% | — | $0 | — |
| Q1 23 | -$0.15 | -$0.11 | +26.7% | — | $0 | — |
| Q4 22 | -$0.15 | -$0.11 | +26.7% | — | $0 | — |
| Q3 22 | -$0.14 | -$0.13 | +7.1% | — | $0 | — |
| Q2 22 | -$0.15 | -$0.1 | +33.3% | — | $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 | — | -$0.39 | — | — | $0 | — |
| FY24 | — | -$0.51 | — | — | $0 | — |
| FY23 | — | -$0.44 | — | — | — | — |
| FY22 | — | -$0.49 | — | — | $0 | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $78.8K | $0 | — | $0 | $0 |
| YoY change | — | 0% | 0% | 0% | +InfinityT% | -100% | — | — | 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 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 78.8K | 0 | — | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — |
| Research & development | 441.3K | 1.5M | 3.5M | 10.6M | 10.9M | 19M | — | 14M | 14M |
| Selling, general & administrative | 1.1M | 5.9M | 10.4M | 10.1M | 27.9M | 22.4M | — | 26.3M | 20.2M |
| Operating expenses | 1.5M | 7.4M | 14M | 20.7M | 38.7M | 41.3M | — | 40.3M | 34.2M |
| Operating income | -1.6M | -7.5M | -14.1M | -20.7M | -38.7M | -41.3M | — | -40.3M | -34.3M |
| Operating margin | — | — | — | — | -49.1K% | — | — | — | — |
| Non-operating income, net | -11.1K | -7.8M | 198.9K | -27.1K | 6.9M | 9.2M | — | 2.4M | -229K |
| Pretax income | -1.7M | -15.9M | -13.7M | -20.6M | -31.6M | -30.9M | — | -36.7M | -33.8M |
| Income tax | — | — | — | — | — | — | — | — | — |
| Net income | -1.7M | -15.9M | -13.7M | -20.6M | -31.6M | -30.9M | — | -36.7M | -33.8M |
| Net margin | — | — | — | — | -40.2K% | — | — | — | — |
| EBITDA | -1.5M | -7.3M | -13.4M | -20.4M | -45.3M | -50.1M | — | -42.3M | -34M |
| EPS | -0.07 | -1.03 | -0.53 | -0.69 | -0.73 | -0.49 | -0.44 | -0.51 | -0.39 |
| Diluted EPS | -0.07 | -1.03 | -0.53 | -0.69 | -0.73 | -0.49 | -0.44 | -0.51 | -0.39 |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | Q2 23 | Q3 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 | 3.5M | 2.6M | 3.3M | 2M | 2.7M | 4.2M | 3.8M | 2.7M | 4.8M | 2.7M | 4.9M | 3.2M |
| Selling, general & administrative | 2.8M | 5.1M | 5.1M | 3.6M | 7.4M | 5.8M | 4.6M | 4.9M | 5.4M | 5.3M | 4.7M | 4.7M |
| Operating expenses | 6.3M | 7.7M | 8.4M | 5.6M | 10.1M | 10M | 8.4M | 7.7M | 10.2M | 8M | 9.7M | 7.9M |
| Operating income | -6.3M | -7.7M | -8.4M | -5.6M | -10.1M | -10M | -8.4M | -7.7M | -10.2M | -8M | -9.7M | -7.9M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | -1.7M | 1.2M | -1.2M | 610.1K | 863K | 1.5M | -106.9K | -858.9K | 93.6K | 643.2K | -1.3M | 1.7M |
| Pretax income | -7.5M | -5.9M | -9.2M | -4.8M | -9.1M | -8.2M | -8.3M | -8.4M | -10M | -7.2M | -10.8M | -6.1M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — |
| Net income | -7.5M | -5.9M | -9.2M | -4.8M | -9.1M | -8.2M | -8.3M | -8.4M | -10M | -7.2M | -10.8M | -6.1M |
| Net margin | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -4.6M | -8.7M | -7.2M | -6.2M | -10.8M | -11.4M | -8.3M | -6.8M | -10.2M | -8.6M | -8.4M | -9.4M |
| EPS | -0.12 | -0.09 | -0.14 | -0.1 | -0.18 | — | -0.1 | -0.1 | -0.12 | — | -0.1 | -0.05 |
| Diluted EPS | -0.12 | -0.09 | -0.14 | -0.1 | -0.18 | — | -0.1 | -0.1 | -0.12 | — | -0.1 | -0.05 |
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 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| Market cap | — | — | — | — | — | — | 78.3M | — | — | 205.4M |
| Enterprise value | — | — | — | — | — | — | 78.3M | — | — | 122.9M |
| Shares outstanding | 32.2M | 21.8M | 36.6M | 42.4M | 61.3M | 88.7M | 92.8M | 71.6M | 87M | 87M |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | — | — | -4.35 |
| P/B | — | — | — | — | — | — | — | — | — | 11.6 |
| EV/EBITDA | — | — | — | — | — | — | — | — | — | -4.85 |
| Earnings yield | — | — | — | — | — | — | — | — | — | -23% |
| FCF yield | — | — | — | — | — | — | — | — | — | -5.33% |
| PEG | — | — | — | — | — | — | — | — | — | 0.09 |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | -49.1K% | — | — | — | — | 0% |
| Net margin | — | — | — | — | -40.2K% | — | — | — | — | 0% |
| ROE | -58.2% | -71.4% | -93.3% | -155.5% | -41.5% | -59.3% | — | -148.3% | -189.2% | -190.2% |
| ROA | -51.6% | -64.4% | -88.3% | -129.9% | -36% | -49.9% | — | -115.1% | -143.2% | -90.9% |
| Return on tangible assets | -93% | -67.9% | -95% | -137.9% | -36.3% | -50.3% | — | -115.1% | -143.2% | -116.1% |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 14.1 | 11.2 | 20.8 | 5.94 | 7.53 | 6.27 | — | 4.52 | 4.16 | 5.55 |
| Quick ratio | 14.1 | 11.2 | 19.2 | 5.93 | 7.53 | 6.27 | — | 4.52 | 4.16 | 5.55 |
| Debt / equity | 0.07 | 0.01 | 0.01 | 0.01 | 0 | 0 | — | 0.01 | 0.01 | 0 |
| Debt / assets | 0.06 | 0.01 | 0.01 | 0.01 | 0 | 0 | — | 0 | 0.01 | 0 |
| Net debt / EBITDA | 1.41 | 2.26 | 0.5 | 0.68 | 1.85 | 1.19 | — | 0.72 | 0.63 | 0.71 |
| Interest coverage | -26.4 | -23 | -22K | — | — | — | — | — | — | — |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 0 | 0 | 0 | 0 | — | 0 | 0 | 0 |
| EPS (basic) | -0.07 | -1.03 | -0.53 | -0.69 | -0.73 | -0.49 | -0.44 | -0.51 | -0.39 | -0.39 |
| EPS (diluted) | -0.07 | -1.03 | -0.53 | -0.69 | -0.73 | -0.49 | -0.44 | -0.51 | -0.39 | -0.24 |
| Book value per share | 0.09 | 1.02 | 0.4 | 0.31 | 1.24 | 0.59 | — | 0.35 | 0.21 | 0.15 |
| FCF per share | -0.04 | -0.5 | -0.32 | -0.22 | -0.38 | -0.31 | — | -0.35 | -0.27 | -0.21 |
| Cash per share | 0.07 | 0.77 | 0.19 | 0.33 | 1.37 | 0.67 | — | 0.43 | 0.25 | 0.22 |
| Capex per share | 0 | 0 | 0.01 | 0 | 0 | 0 | — | 0 | — | — |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| Capex / revenue | — | — | — | — | 16.4% | — | — | — | — | — |
| Capex / operating cash flow | -1.73% | -0.12% | -4.21% | -0.26% | -0.07% | -0.3% | — | -0.1% | — | — |
| Payout ratio | — | — | — | — | — | — | — | — | — | 0% |
| FY21 |
| — |
| -$0.73 |
| — |
| — |
| $78.8K |
| — |
| FY20 | — | -$0.69 | — | — | $0 | — |
| FY19 | — | -$0.53 | — | — | $0 | — |
| FY18 | — | -$1.03 | — | — | $0 | — |
| FY17 | — | -$0.07 | — | — | $0 | — |
| Period | Q2 23 | Q3 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 |
| YoY change | 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 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 2.4M | 16.7M | 7M | 14M | 83.9M | 59.5M | 30.6M | 21.4M |
| Receivables | — | — | 11.7K | 5.8K | 65.7K | 209.9K | 100.4K | 55.7K |
| Inventory | 0 | 0 | 1.1M | 18K | — | — | — | — |
| Total current assets | 2.5M | 24M | 14.4M | 14.9M | 87.1M | 61.4M | 31.7M | 23.5M |
| Property, plant & equipment | 18.8K | 25.6K | 584K | 479.6K | 356.5K | 295.7K | 195.6K | 118.1K |
| Goodwill & intangibles | 1.4M | 1.3M | 1.1M | 927.4K | 758.5K | 589.6K | 0 | — |
| Total assets | 3.2M | 24.7M | 15.5M | 15.9M | 87.9M | 62M | 31.9M | 23.6M |
| Accounts payable | 176.7K | 2.1M | — | — | — | — | — | — |
| Short-term debt | — | — | 50.5K | 51.9K | 44.7K | 50.4K | 33K | 38.3K |
| Total current liabilities | 176.7K | 2.1M | 690.5K | 2.5M | 11.6M | 9.8M | 7M | 5.7M |
| Long-term debt | 190K | 269.2K | 140.3K | 104.7K | 72.9K | 22.4K | 125.5K | 87.2K |
| Total liabilities | 366.8K | 2.4M | 830.8K | 2.6M | 11.6M | 9.8M | 7.1M | 5.7M |
| Shareholders' equity | 2.9M | 22.3M | 14.7M | 13.3M | 76.2M | 52.2M | 24.7M | 17.9M |
| Total debt | 190K | 269.2K | 190.8K | 156.6K | 117.6K | 72.9K | 158.5K | 125.5K |
| Net debt | -2.2M | -16.5M | -6.8M | -13.9M | -83.8M | -59.4M | -30.4M | -21.3M |
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 23 | Q3 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 | 44.9M | 40.5M | 28.6M | 17.4M | 11.3M | 30.6M | 23.3M | 18.2M | 11.6M | 21.4M | 27.7M | 26.1M |
| Receivables | 188.3K | 178K | 154K | 67.8K | 40.7K | 100.4K | 76K | 58.9K | 37.5K | 55.7K | 70.1K | 64.1K |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 46.6M | 42.4M | 30.6M | 18.7M | 12.3M | 31.7M | 25.3M | 19.8M | 12.8M | 23.5M | 31.3M | 29.2M |
| Property, plant & equipment | 269.3K | 372K | 300K | 190.3K | 169.7K | 195.6K | 182.5K | 163.5K | 141K | 118.1K | 139K | 130.5K |
| Goodwill & intangibles | 505.2K | 462.9K | 378.5K | 243.4K | 0 | 0 | — | — | — | — | — | — |
| Total assets | 47.2M | 43.1M | 31.1M | 19M | 12.5M | 31.9M | 25.5M | 19.9M | 12.9M | 23.6M | 31.4M | 29.4M |
| Accounts payable | — | — | — | — | — | — | — | — | — | — | — | — |
| Short-term debt | 48.2K | 29.1K | 16.5K | 15.7K | 22.7K | 33K | 34.3K | 35.6K | 36.9K | 38.3K | 39.8K | 41.3K |
| Total current liabilities | 8.4M | 8M | 10.9M | 7.8M | 5M | 7M | 7.8M | 8M | 3.3M | 5.7M | 7.1M | 5.3M |
| Long-term debt | 0 | 152.1K | 150.7K | 103.2K | 95.7K | 125.5K | 116.4K | 107K | 97.3K | 87.2K | 76.6K | 65.7K |
| Total liabilities | 8.4M | 8.2M | 11.1M | 7.9M | 5.1M | 7.1M | 7.9M | 8.1M | 3.4M | 5.7M | 7.2M | 5.3M |
| Shareholders' equity | 38.8M | 34.9M | 20.1M | 11.1M | 7.4M | 24.7M | 17.6M | 11.8M | 9.6M | 17.9M | 24.2M | 24M |
| Total debt | 48.2K | 181.2K | 167.1K | 118.9K | 118.4K | 158.5K | 150.7K | 142.6K | 134.2K | 125.5K | 116.4K | 107K |
| Net debt | -44.9M | -40.4M | -28.4M | -17.3M | -11.2M | -30.4M | -23.1M | -18.1M | -11.5M | -21.3M | -27.6M | -26M |
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 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Net income | -1.7M | -15.9M | -13.7M | -20.6M | -31.6M | -30.9M | -36.7M | -33.8M |
| Depreciation & amortization | 53.3K | 91.5K | 150.6K | 229.5K | 220.4K | 219.9K | 373.1K | 102K |
| Stock-based compensation | 0 | 1.7M | 3.3M | 2.8M | 8.5M | 5M | 14.3M | 10.7M |
| Change in working capital | 75K | 1.6M | -324.5K | 1.8M | -169.2K | -73.1K | -81.7K | 135.4K |
| Operating cash flow | -1.3M | -12M | -10.1M | -15.7M | -19M | -25.2M | -22.1M | -23.9M |
| Capital expenditure | -21.9K | -13.8K | -424.3K | -40.6K | -12.9K | -74.7K | -21.3K | — |
| Investing cash flow | -21.9K | -13.8K | -424.3K | -40.6K | -12.9K | -74.7K | -21.3K | — |
| Dividends paid | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — |
| Financing cash flow | 3.7M | 25.3M | 1.6M | 16.1M | 78.8M | -53.9K | 18.7M | 15.5M |
| Net change in cash | 2.4M | 13.3M | -8.9M | 378.1K | 59.8M | -25.4M | -3.4M | -8.3M |
| Free cash flow | -1.3M | -10.9M | -11.8M | -9.2M | -23.6M | -27.3M | -25.1M | -23.9M |
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 | Q2 23 | Q3 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -7.5M | -5.9M | -9.2M | -4.8M | -9.1M | -8.2M | -8.3M | -8.4M | -10M | -7.2M | -10.8M | -6.1M |
| Depreciation & amortization | 58.5K | 64.9K | 61.6K | 44.8K | 143.4K | 48.5K | 25K | 25.5K | 25.6K | 26K | 26.7K | 11.5K |
| Stock-based compensation | 666.4K | 2.1M | 902.1K | 1.3M | 6M | 3.1M | 1.1M | 2.5M | 4M | 3M | 1.8M | 2.4M |
| Change in working capital | 103.1K | 15.5K | -37.2K | 54K | -17.3K | -94.9K | 14.9K | 66.8K | 84K | -30.3K | -113.5K | 27.1K |
| Operating cash flow | -6.6M | -3.8M | -8.2M | -3.4M | -2.9M | -5.1M | -7.1M | -4.6M | -6.9M | -5.2M | -7.5M | -4.4M |
| Capital expenditure | -3.9K | -5.6K | -3.5K | -2.7K | -5.6K | -6.2K | -11.9K | — | — | — | — | — |
| Investing cash flow | -3.9K | -5.6K | -3.5K | -2.7K | -5.6K | -6.2K | -11.9K | — | — | — | — | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | -13.8K | -13.8K | -13.8K | -6.7K | -3.3K | -13.8K | -13.8K | -13.8K | -13.8K | -13.8K | 13.6M | -13.8K |
| Net change in cash | -6.7M | -3.8M | -8.3M | -3.4M | -2.9M | -5.1M | -7.1M | -4.6M | -6.9M | -5.2M | 6.1M | -4.4M |
| Free cash flow | -5.4M | -3.4M | -6.9M | -3.5M | -5.5M | -5.6M | -7.2M | -4.6M | -6.9M | -5.2M | -7.6M | -4.4M |