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 | -$0.17 | -$0.19 | -11.8% | — | $0 | — |
| Q1 26 | -$0.15 | -$0.15 | 0.0% | — | $0 | — |
| Q4 25 | -$0.13 | -$0.15 | -15.4% | — | $0 | — |
| Q3 25 | -$0.13 | -$0.12 | +7.7% | — | $0 | — |
| Q2 25 | -$0.12 | -$0.13 | -8.3% | — | $0 | — |
| Q1 25 | -$0.12 | -$0.14 | -16.7% | — | $0 | — |
| Q4 24 | -$0.12 | -$0.14 | -16.7% | — | $0 | — |
| Q3 24 | -$0.12 | -$0.6 | -400.0% | — | $0 | — |
| Q2 24 | -$0.11 | -$0.07 | +36.4% | — | $0 | — |
| Q1 24 | -$0.13 | -$0.12 | +7.7% | — | $0 | — |
| Q4 23 | -$0.13 | -$0.14 | -7.7% | — | $0 | — |
| Q3 23 | -$0.12 | -$0.12 | 0.0% | — | $0 | — |
| Q2 23 | -$0.14 | -$0.14 | 0.0% | — | $0 | — |
| Q1 23 | -$0.16 | -$0.17 | -6.3% | — | $0 | — |
| Q4 22 | -$0.23 | -$0.21 | +8.7% | — | $0 | — |
| Q3 22 | -$0.16 | -$0.32 | -100.0% | — | $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 | — | -$0.19 | — | — | $0 | — |
| FY24 | — | -$1.02 | — | — | $0 | — |
| FY23 | — | -$0.56 | — | — | $0 | — |
| FY22 | — | -$0.89 | — | — | $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 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| YoY change | 0% | 0% | 0% | 0% | 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.
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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — |
| Research & development | 29.4M | 46.3M | 38.6M | 38M | 31.8M | 29.1M | 24.5M | 16.5M | 19.4M | 33.7M |
| Selling, general & administrative | 7.6M | 10.2M | 10.6M | 10.9M | 11.9M | 9.5M | 8.1M | 6.9M | 8.2M | 9.3M |
| Operating expenses | 37M | 56.5M | 49.2M | 48.9M | 43.8M | 38.6M | 32.6M | 23.4M | 27.5M | 43M |
| Operating income | -37M | -56.5M | -49.2M | -48.9M | -43.8M | -38.6M | -32.6M | -23.4M | -27.5M | -43M |
| Operating margin | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | 0 | — | — | — | 37.2M | -4.6M | -9.4M | -5.2M | -36.6M | 25.2M |
| Pretax income | -36.4M | -55.7M | -46.9M | -46.7M | -6M | -43.2M | -41.3M | -27M | -62.3M | -15.3M |
| Income tax | — | — | — | — | — | — | — | — | — | — |
| Net income | -36.4M | -55.7M | -46.9M | -46.7M | -6M | -43.2M | -41.3M | -27M | -62.3M | -15.3M |
| Net margin | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -36.4M | -55.7M | -48.4M | -48.1M | -43.1M | -38.2M | -32.2M | -23.3M | 5.9M | -70M |
| EPS | -2.36 | -2.72 | -1.71 | -1.59 | -0.2 | -1.03 | -0.89 | -0.56 | -1.02 | -0.19 |
| Diluted EPS | -2.36 | -2.72 | -1.71 | -1.59 | -0.2 | -1.03 | -0.89 | -0.56 | -1.02 | -0.53 |
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 | 4M | 4M | 4.1M | 4.1M | 5.2M | 6M | 7.5M | 7.9M | 8.5M | 9.9M | 11.2M | 16M |
| Selling, general & administrative | 1.6M | 1.7M | 2.2M | 1.8M | 2M | 2.1M | 2.5M | 2.4M | 2.1M | 2.3M | 3.7M | 3.3M |
| Operating expenses | 5.6M | 5.7M | 6.3M | 5.9M | 7.3M | 8.1M | 9.9M | 10.3M | 10.6M | 12.2M | 14.9M | 19.3M |
| Operating income | -5.6M | -5.7M | -6.3M | -5.9M | -7.3M | -8.1M | -9.9M | -10.3M | -10.6M | -12.2M | -14.9M | -19.3M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | -865K | -1.4M | 236K | 1.2M | -33.5M | -4.5M | 24.6M | 1.6M | -323K | -707K | -599K | -709K |
| Pretax income | -6M | -6.7M | -5.7M | -4.3M | -40.2M | -12.1M | 15.2M | -8M | -10.2M | -12.3M | -13.7M | -18M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — |
| Net income | -6M | -6.7M | -5.7M | -4.3M | -40.2M | -12.1M | 15.2M | -8M | -10.2M | -12.3M | -13.7M | -18M |
| Net margin | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -5.5M | -5.6M | -6.2M | -7.7M | 25.6M | -5.7M | -35M | -12.2M | -10.5M | -12.2M | -14.8M | -19.3M |
| EPS | -0.12 | — | -0.12 | -0.07 | -0.6 | -0.18 | 0.21 | -0.1 | -0.12 | -0.15 | -0.15 | -0.19 |
| Diluted EPS | -0.12 | — | -0.12 | -0.07 | -0.6 | -0.18 | -0.13 | -0.1 | -0.12 | -0.15 | -0.15 | -0.19 |
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 | — | — | — | 159.7M | 104.9M | — | — | 84.5M | — | — | 998.5M |
| Enterprise value | — | — | — | 84.9M | 63M | — | — | 58.7M | — | — | 763M |
| Shares outstanding | 15.4M | 20.5M | 27.5M | 29.3M | 29.5M | 41.9M | 46.6M | 48M | 61M | 79M | 79M |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | — | — | — | -62.5 |
| P/B | — | — | — | 2.25 | 1.45 | — | — | 2.18 | — | — | 4.22 |
| EV/EBITDA | — | — | — | -1.76 | -1.46 | — | — | -2.53 | — | — | -13.4 |
| Earnings yield | — | — | — | — | — | — | — | — | — | — | -1.6% |
| FCF yield | — | — | — | -23.4% | -33.2% | — | — | -28.4% | — | — | -2.74% |
| PEG | — | — | — | — | — | — | — | — | — | — | -0.69 |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | — | — | — | — | — | 0% |
| Net margin | — | — | — | — | — | — | — | — | — | — | 0% |
| ROE | -27.4% | -65.6% | -42.5% | -65.6% | -8.31% | -44.5% | -73.6% | -69.9% | -191.3% | -25% | -35.4% |
| ROA | -26% | -58.7% | -39.7% | -55.8% | -7.01% | -39.5% | -60.5% | -59.3% | -90.4% | -21.5% | -21.7% |
| Return on tangible assets | -26% | -58.7% | -39.7% | -55.8% | -7.01% | -39.5% | -60.5% | -59.3% | -90.4% | -21.5% | -22.6% |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 22.9 | 10.2 | 16.4 | 7.76 | 3.73 | 7.36 | 4.06 | 4.07 | 1.54 | 6.21 | 16.2 |
| Quick ratio | 22.9 | 10.2 | 16.4 | 7.76 | 3.73 | 7.36 | 4.06 | 4.07 | 1.54 | 6.21 | 16.2 |
| Debt / equity | — | — | 0 | 0.04 | 0.03 | 0.04 | 0.05 | 0.04 | 0.03 | 0.02 | 0 |
| Debt / assets | — | — | 0 | 0.04 | 0.03 | 0.03 | 0.04 | 0.03 | 0.02 | 0.01 | 0 |
| Net debt / EBITDA | — | — | 2.37 | 1.55 | 0.97 | 1.72 | 1.23 | 1.11 | -8.6 | 0.8 | 3.77 |
| Interest coverage | — | — | — | — | — | -2.6K | — | — | — | — | — |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (basic) | -2.36 | -2.72 | -1.71 | -1.59 | -0.2 | -1.03 | -0.89 | -0.56 | -1.02 | -0.19 | -0.19 |
| EPS (diluted) | -2.36 | -2.72 | -1.71 | -1.59 | -0.2 | -1.03 | -0.89 | -0.56 | -1.02 | -0.53 | -0.64 |
| Book value per share | 8.61 | 4.14 | 4.01 | 2.42 | 2.45 | 2.32 | 1.21 | 0.81 | 0.53 | 0.78 | 2.68 |
| FCF per share | -1.95 | -2.27 | -1.5 | -1.27 | -1.18 | -0.88 | -0.59 | -0.5 | -0.42 | -0.42 | -0.49 |
| Cash per share | 8.75 | 4.4 | 4.17 | 2.66 | 1.5 | 1.66 | 0.91 | 0.57 | 0.85 | 0.72 | 2.56 |
| Capex per share | 0.14 | 0.01 | 0.01 | 0 | 0 | 0 | 0.01 | 0 | 0 | — | — |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Capex / operating cash flow | -8.1% | -0.56% | -0.89% | -0.07% | 5.83% | -0.01% | -0.65% | -0.14% | -0.01% | — | — |
| Payout ratio | — | — | — | — | — | — | — | — | — | — | 0% |
| FY21 | — | -$1.03 | — | — | $0 | — |
| FY20 | — | -$0.2 | — | — | $0 | — |
| FY19 | — | -$1.59 | — | — | $0 | — |
| FY18 | — | -$1.71 | — | — | $0 | — |
| FY17 | — | -$2.72 | — | — | $0 | — |
| FY16 | — | -$2.36 | — | — | $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 | $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 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 134.9M | 90.1M | 114.6M | 78M | 44.3M | 69.5M | 42.3M | 27.1M | 52M | 56.8M |
| Receivables | — | — | — | — | 0 | 507K | 588K | 26K | 75K | 37K |
| Inventory | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 136M | 91.2M | 115.6M | 79.3M | 45.3M | 71.3M | 43.7M | 28M | 54.4M | 58.2M |
| Property, plant & equipment | 3.2M | 2.7M | 2.2M | 3.8M | 2.6M | 3.6M | 2.6M | 1.4M | 1.3M | 1.1M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — |
| Total assets | 140.2M | 94.8M | 118.2M | 83.6M | 85.5M | 109.5M | 68.2M | 45.6M | 68.9M | 71.1M |
| Accounts payable | 1.9M | 3.5M | 2M | 2.4M | 3.5M | 1.6M | 2M | 1.5M | 2.6M | 2.5M |
| Short-term debt | — | — | — | 878K | 1.1M | 1M | 1.2M | 1.4M | 185K | 403K |
| Total current liabilities | 5.9M | 9M | 7M | 10.2M | 12.1M | 9.7M | 10.8M | 6.9M | 35.4M | 9.4M |
| Long-term debt | — | — | 0 | 2.3M | 1.2M | 2.6M | 1.4M | 0 | 937K | 534K |
| Total liabilities | 7.3M | 9.9M | 7.9M | 12.5M | 13.4M | 12.3M | 12.1M | 6.9M | 36.3M | 9.9M |
| Shareholders' equity | 132.8M | 84.8M | 110.3M | 71.1M | 72.1M | 97.2M | 56.1M | 38.7M | 32.6M | 61.2M |
| Total debt | — | — | 0 | 3.2M | 2.3M | 3.6M | 2.6M | 1.4M | 1.1M | 937K |
| Net debt | — | — | -39.2M | -2M | -14.1M | -59.8M | -10.6M | -11.2M | -7.6M | -3.6M |
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 | 32.2M | 27.1M | 22.1M | 47.2M | 41.7M | 52M | 44.2M | 74.4M | 65.7M | 56.8M | 236.7M | 215.2M |
| Receivables | 11K | 26K | 26K | 35K | 70K | 75K | 79K | 86K | 32K | 37K | 43K | 6K |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 33.1M | 28M | 22.9M | 48.3M | 42.9M | 54.4M | 45.5M | 75.8M | 66.9M | 58.2M | 239.9M | 221M |
| Property, plant & equipment | 1.7M | 1.4M | 1.1M | 770K | 455K | 1.3M | 1.3M | 1.3M | 1.1M | 1.1M | 1M | 1.5M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 51.9M | 45.6M | 40.1M | 64.6M | 58.8M | 68.9M | 59.4M | 89.5M | 80.5M | 71.1M | 253.2M | 239.3M |
| Accounts payable | 1.4M | 1.5M | 1.6M | 1.2M | 1.9M | 2.6M | 1.3M | 3.1M | 2M | 2.5M | 4.7M | 4M |
| Short-term debt | 1.3M | 1.4M | 1M | 700K | 354K | 185K | 319K | 355K | 379K | 403K | 428K | 454K |
| Total current liabilities | 7.3M | 6.9M | 6.7M | 13.3M | 46.4M | 35.4M | 9.3M | 8.5M | 8.1M | 9.4M | 12.1M | 13.7M |
| Long-term debt | 354K | 0 | — | — | — | 937K | 834K | 728K | 632K | 534K | 406K | 274K |
| Total liabilities | 7.7M | 6.9M | 6.7M | 13.3M | 46.4M | 36.3M | 10.1M | 9.2M | 8.7M | 9.9M | 12.5M | 13.9M |
| Shareholders' equity | 44.3M | 38.7M | 33.4M | 51.2M | 12.4M | 32.6M | 49.3M | 80.2M | 71.8M | 61.2M | 240.7M | 225.3M |
| Total debt | 1.7M | 1.4M | 1M | 700K | 354K | 1.1M | 1.2M | 1.1M | 1M | 937K | 834K | 728K |
| Net debt | -18.4M | -11.2M | -6.4M | -14.1M | -4.3M | -7.6M | -3.8M | -13.6M | -1.9M | -3.6M | -39.3M | -18.2M |
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 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -36.4M | -55.7M | -46.9M | -46.7M | -6M | -43.2M | -41.3M | -27M | -62.3M | -15.3M |
| Depreciation & amortization | 594K | 842K | 847K | 743K | 632K | 460K | 367K | 151K | 85K | 105K |
| Stock-based compensation | 3.8M | 6.2M | 7.1M | 7.3M | 5.7M | 4.2M | 2.7M | 2.1M | 3M | 5.3M |
| Change in working capital | 344K | 1.1M | -1.2M | 244K | 919K | -2.4M | 364K | -8K | 185K | -123K |
| Operating cash flow | -27.1M | -47.5M | -40.1M | -38.3M | 1.3M | -41M | -37.9M | -24.7M | -59M | -32.8M |
| Capital expenditure | -2.2M | -266K | -355K | -25K | -76K | -5K | -247K | -34K | 5K | — |
| Investing cash flow | -42.6M | 84.8M | -30.2M | 3.3M | 44.8M | 21.6M | -23.3M | 15.5M | -27.5M | -7.6M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 71.4M | 711K | 64.9M | 0 | 1.2M | 60.9M | 0 | 7.8M | 16.4M | 0 |
| Net change in cash | 1.7M | 38.1M | -5.4M | -35.1M | 47.3M | 41.5M | -61.2M | -1.4M | -70.1M | -40.4M |
| Free cash flow | -30.1M | -46.5M | -41.3M | -37.3M | -34.9M | -36.7M | -27.3M | -24M | -25.4M | -33M |
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 | -6M | -6.7M | -5.7M | -4.3M | -40.2M | -12.1M | 15.2M | -8M | -10.2M | -12.3M | -13.7M | -18M |
| Depreciation & amortization | 30K | 28K | 23K | 21K | 21K | 20K | 22K | 29K | 28K | 26K | 29K | 34K |
| Stock-based compensation | 546K | 572K | 689K | 768K | 733K | 813K | 1.3M | 1.3M | 1.2M | 1.6M | 2.6M | 2.6M |
| Change in working capital | -706K | 64K | 34K | -498K | 450K | 199K | -1.2M | 1.8M | -1.3M | 523K | 1.3M | -620K |
| Operating cash flow | -6.1M | -6M | -5M | -4M | -39M | -11.1M | 15.3M | -5.8M | -9.6M | -9.2M | -10.4M | -15.4M |
| Capital expenditure | 0 | 0 | 0 | 0 | 0 | 5K | -36K | — | — | — | — | — |
| Investing cash flow | 17.5M | -2.3M | -7K | -17.5M | -3.9M | -6.1M | 4.2M | -20.2M | -2.6M | 10.9M | -144.8M | -383K |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 327K | 0 | — | — | 0 | 0 | — | 0 | 0 | 0 | 189.4M | 0 |
| Net change in cash | 11.7M | -8.3M | -5M | -21.5M | -42.9M | -17.2M | 19.5M | -26M | -12.2M | 1.7M | 34.3M | -15.8M |
| Free cash flow | -5.4M | -5.2M | -5.2M | -5.5M | -6.3M | -8.5M | -8.3M | -5.9M | -9.6M | -9.2M | -10.5M | -16M |