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 % |
|---|---|---|---|---|---|---|
| Q1 26 | -$0.38 | -$0.19 | +50.0% | — | $0 | — |
| Q1 23 | — | -$3.2 | — | — | $0 | — |
| Q4 22 | -$0.28 | -$0.16 | +42.9% | — | $0 | — |
| Q3 22 | -$0.31 | -$0.24 | +22.6% | — | $0 | — |
| Q2 22 | -$0.3 | -$0.31 | -3.3% | — | $72K | — |
| Q1 22 | -$0.36 | -$0.3 | +16.7% | — | $225K | — |
| Q4 21 | -$0.3 | -$0.33 | -10.0% | — | $182K | — |
| Q3 21 | -$0.35 | -$0.26 | +25.7% | — | $77K | — |
| Q4 20 | -$3.8 | -$11 | -189.5% | — | $133K | — |
| Q3 20 | -$11.2 | -$11.8 | -5.4% | — | $400K | — |
| Q2 20 | -$17.3 | -$14 | +18.9% | — | $749K | — |
| Q1 20 | -$0.87 | -$0.73 | +16.1% | — | $1M | — |
| Q4 19 | -$0.89 | -$0.95 | -6.7% | — | $1.5M | — |
| Q3 19 | -$1.3 | -$1 | +23.1% | — | $1.4M | — |
| Q2 19 | -$16.7 | -$23.6 | -41.1% | — | $1.6M | — |
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 | — | -$1.11 | — | — | $2.1M | — |
| FY24 | — | -$1.21 | — | — | $2M | — |
| FY23 | — | -$2.25 | — | — | $0 | — |
| FY22 | — | -$20.3 | — | — | $297K | — |
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 | $4.5M | $2.3M | $3.3M | $297K | $0 | $2M | $2.1M |
| YoY change | — | 0% | +InfinityT% | -49.1% | +44.6% | -91.1% | -100% | +InfinityT% | +3.7% |
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 | 4.5M | 2.3M | 3.3M | 297K | 0 | 2M | 2.1M |
| Cost of revenue | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — |
| Research & development | 78.8M | 87.7M | 95.1M | 56.4M | 37.6M | 6M | 1.5M | 286K | 959K |
| Selling, general & administrative | 15.1M | 27.5M | 34.4M | 28.8M | 20.6M | 12.9M | 8.1M | 5.3M | 6.1M |
| Operating expenses | 93.9M | 115.3M | 129.5M | 85.2M | 57.6M | 17.5M | 9.6M | 5.6M | 7M |
| Operating income | -93.9M | -115.3M | -125M | -82.9M | -54.3M | -18.5M | -9.6M | -3.6M | -5M |
| Operating margin | — | — | -2.8K% | -3.6K% | -1.6K% | -6.2K% | — | -181.4% | -239.8% |
| Non-operating income, net | — | — | — | 4.5M | 2.7M | — | -3.3M | 363K | 1.3M |
| Pretax income | -93.9M | -115.3M | -123M | -77.8M | -51.6M | -18.2M | -12.6M | -3.1M | -3.5M |
| Income tax | — | — | — | — | — | — | — | — | — |
| Net income | -93.9M | -115.3M | -123M | -77.8M | -51.6M | -44.1M | -5.3M | -3.1M | -3.5M |
| Net margin | — | — | -2.7K% | -3.4K% | -1.6K% | -14.8K% | — | -152.8% | -170.1% |
| EBITDA | -92.2M | -113.7M | -122.3M | -85.2M | -56.5M | -18.5M | -6.3M | -3.6M | -6.3M |
| EPS | -68.8 | -84.4 | -89.8 | -51.2 | -26.4 | -20.3 | -2.25 | -1.21 | -1.11 |
| Diluted EPS | -68.8 | -84.4 | -89.8 | -51.2 | -26.4 | -20.3 | -2.25 | -1.21 | -1.11 |
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 | — | — | — | — | — | — | — | — | 875K | 1M | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Research & development | — | — | — | — | — | — | — | — | 348K | 519K | 730K | 0 |
| Selling, general & administrative | 2.1M | 1.8M | 1.6M | 1.3M | 1.2M | 1.2M | 1.5M | 1.7M | 1.5M | 1.3M | 2.5M | 1.8M |
| Operating expenses | 2.1M | 1.8M | 1.6M | 1.3M | 1.2M | 1.2M | 1.5M | 1.7M | 1.9M | 1.9M | 3.2M | 1.8M |
| Operating income | — | — | — | — | — | — | — | — | -1M | -838K | -3.2M | -1.8M |
| Operating margin | — | — | — | — | — | — | — | — | -115% | -81.8% | — | — |
| Non-operating income, net | — | — | — | — | — | — | — | — | — | 0 | — | — |
| Pretax income | — | — | — | — | — | — | — | — | -976K | -799K | -3.2M | -1.8M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — |
| Net income | — | — | — | — | — | — | — | — | -976K | -799K | -3.2M | -1.8M |
| Net margin | — | — | — | — | — | — | — | — | -111.5% | -78% | — | — |
| EBITDA | — | — | — | — | — | — | — | — | -1M | -838K | -3.2M | -1.8M |
| EPS | 3.1 | — | -0.62 | -0.53 | -0.29 | — | -0.56 | -0.11 | -0.3 | — | -0.76 | -0.41 |
| Diluted EPS | 2.72 | — | -0.62 | -0.53 | -0.29 | — | -0.56 | -0.11 | -0.3 | — | -0.76 | -0.41 |
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 | — | — | — | — | — | — | — | — | — | 20.7M |
| Enterprise value | — | — | — | — | — | — | — | — | — | 14.1M |
| Shares outstanding | 1.4M | 1.4M | 1.4M | 1.5M | 2M | 2.2M | 2.3M | 2.5M | 3.2M | 3.2M |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | — | — | -27.9 |
| P/S | — | — | — | — | — | — | — | — | — | 8.28 |
| P/B | — | — | — | — | — | — | — | — | — | 2.81 |
| EV/EBITDA | — | — | — | — | — | — | — | — | — | -2.24 |
| EV/Sales | — | — | — | — | — | — | — | — | — | 7.42 |
| Earnings yield | — | — | — | — | — | — | — | — | — | -3.58% |
| FCF yield | — | — | — | — | — | — | — | — | — | -10% |
| PEG | — | — | — | — | — | — | — | — | — | -0.1 |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | -2.8K% | -3.6K% | -1.6K% | -6.2K% | — | -181.4% | -239.8% | -359.2% |
| Net margin | — | — | -2.7K% | -3.4K% | -1.6K% | -14.8K% | — | -152.8% | -170.1% | 0% |
| ROE | 1.1K% | 1.1K% | -125.9% | -130.8% | -107% | -421.7% | -46.6% | -34.5% | -38.8% | -98.2% |
| ROA | -1.7K% | -1.6K% | -66% | -67.4% | -87% | -243.8% | -39.4% | -31.9% | -35.3% | -52.3% |
| Return on tangible assets | -1.7K% | -1.6K% | -66% | -67.4% | -87% | -243.8% | -39.4% | -31.9% | -35.3% | -96.8% |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 0.09 | 0.05 | 5.55 | 3.45 | 5 | 1.94 | 3.85 | 5.83 | 5.15 | 0.82 |
| Quick ratio | 0.09 | 0.05 | 5.55 | 3.45 | 5 | 1.94 | 3.85 | 5.83 | 5.15 | 0.82 |
| Debt / equity | — | 0 | 0.76 | 0.77 | 0 | — | — | — | — | 0 |
| Debt / assets | — | 0 | 0.4 | 0.4 | 0 | — | — | — | — | — |
| Net debt / EBITDA | — | 0 | 0.17 | 0.1 | 0.95 | — | — | — | — | — |
| Interest coverage | — | — | — | — | -3.4K | — | — | — | — | — |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 3.29 | 1.51 | 1.7 | 0.14 | 0 | 0.79 | 0.65 | 3.43 |
| EPS (basic) | -68.8 | -84.4 | -89.8 | -51.2 | -26.4 | -20.3 | -2.25 | -1.21 | -1.11 | -1.11 |
| EPS (diluted) | -68.8 | -84.4 | -89.8 | -51.2 | -26.4 | -20.3 | -2.25 | -1.21 | -1.11 | -11.6 |
| Book value per share | -6.28 | -7.65 | 71.4 | 39.1 | 24.7 | 4.81 | 4.83 | 3.51 | 2.86 | 8.37 |
| FCF per share | -60.5 | -73.9 | -79.7 | -48.7 | -18.7 | -18.7 | -9.09 | -1.72 | -1.04 | -1.06 |
| Cash per share | — | 0 | 69.3 | 35.8 | 27.6 | 6.16 | 3.24 | 1.28 | 1.02 | 2.11 |
| Capex per share | 1.03 | 2.52 | 4.91 | 0.01 | 0.74 | 0 | — | — | — | — |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| Capex / revenue | — | — | 149% | 0.78% | 43.9% | 0% | — | — | — | — |
| Capex / operating cash flow | -1.7% | -3.43% | -7.1% | -0.03% | -3.66% | 0% | — | — | — | — |
| Payout ratio | — | — | — | — | — | — | — | — | — | 0% |
| FY21 |
| — |
| -$26.4 |
| — |
| — |
| $3.3M |
| — |
| FY20 | — | -$51.2 | — | — | $2.3M | — |
| FY19 | — | -$89.8 | — | — | $4.5M | — |
| FY18 | — | -$84.4 | — | — | $0 | — |
| FY17 | — | -$68.8 | — | — | $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 | — | — | — | — | — | — | — | — | $875K | $1M | $0 | $0 |
| YoY change | — | — | — | — | — | — | — | — | — | — | — | — |
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 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | — | 0 | 94.9M | 54.4M | 54M | 13.4M | 7.6M | 3.2M | 3.2M |
| Receivables | — | 0 | 1.5M | 127K | 100K | 96K | 0 | 556K | 1M |
| Inventory | — | — | — | — | — | — | — | — | — |
| Total current assets | 1.3M | 879K | 101.2M | 58.5M | 55.5M | 14.8M | 8M | 4.2M | 4.6M |
| Property, plant & equipment | 4.1M | 6.5M | 79.8M | 50.3M | 1.5M | 1.2M | 0 | 0 | — |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — |
| Total assets | 5.5M | 7.4M | 186.5M | 115.4M | 59.3M | 18.1M | 13.4M | 9.6M | 10M |
| Accounts payable | 1.8M | 2.8M | 3.3M | 1.4M | 1.8M | 3M | 1.2M | 390K | 508K |
| Short-term debt | — | — | 3.4M | 6.8M | — | — | — | — | — |
| Total current liabilities | 14M | 17.8M | 18.2M | 17M | 11.1M | 7.6M | 2.1M | 725K | 900K |
| Long-term debt | — | 0 | 70.5M | 38.9M | 0 | — | — | — | — |
| Total liabilities | 14M | 17.8M | 88.7M | 55.9M | 11.1M | 7.6M | 2.1M | 725K | 900K |
| Shareholders' equity | -8.6M | -10.4M | 97.7M | 59.5M | 48.2M | 10.5M | 11.3M | 8.8M | 9.1M |
| Total debt | — | 0 | 73.9M | 45.7M | 0 | — | — | — | — |
| Net debt | — | 0 | -21M | -8.7M | -54M | — | — | — | — |
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 | 9.1M | 7.6M | 5.7M | 4.6M | 2.9M | 3.2M | 3.6M | 3M | 4.6M | 3.2M | 2.8M | 1.4M |
| Receivables | 0 | 0 | — | — | 44K | 556K | 581K | 525K | 100K | 1M | 0 | 0 |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 9.9M | 8M | 6M | 4.7M | 3.5M | 4.2M | 4.5M | 4M | 5.1M | 4.6M | 3.1M | 1.5M |
| Property, plant & equipment | — | 0 | 0 | — | — | 0 | — | — | — | — | 66K | — |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 15.2M | 13.4M | 11.4M | 10.1M | 8.9M | 9.6M | 9.8M | 9.4M | 10.4M | 10M | 8.5M | 6.9M |
| Accounts payable | 814K | 1.2M | 741K | 651K | 304K | 390K | 483K | 462K | 480K | 508K | 457K | 1.6M |
| Short-term debt | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | 2.3M | 2.1M | 1.4M | 1.3M | 700K | 725K | 1.1M | 800K | 877K | 900K | 1.7M | 1.8M |
| Long-term debt | — | — | — | — | — | — | — | — | — | — | — | — |
| Total liabilities | 2.3M | 2.1M | 1.4M | 1.3M | 700K | 725K | 1.1M | 800K | 877K | 900K | 1.7M | 1.8M |
| Shareholders' equity | 12.9M | 11.3M | 9.9M | 8.8M | 8.2M | 8.8M | 8.8M | 8.6M | 9.5M | 9.1M | 6.8M | 5.1M |
| 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 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|
| Net income | -93.9M | -115.3M | -123M | -77.8M | -51.6M | -44.1M | -5.3M | -3.1M | -3.5M |
| Depreciation & amortization | 1.7M | 1.5M | 2.7M | 2.3M | 472K | 65K | 0 | — | — |
| Stock-based compensation | 9.5M | 12.4M | 19.6M | 15M | 9.6M | 6.3M | 1.1M | 625K | 441K |
| Change in working capital | 282K | 1.1M | 6M | -9.5M | 923K | 1.6M | -1.2M | -1M | -321K |
| Operating cash flow | -82.4M | -100.2M | -94.6M | -71.7M | -39.8M | -36.1M | -5.4M | -3.8M | -3.3M |
| Capital expenditure | -1.4M | -3.4M | -6.7M | 18K | 1.5M | 0 | — | — | — |
| Investing cash flow | -1.4M | -3.4M | -6.7M | 18K | 1.5M | 0 | — | — | — |
| Dividends paid | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | -130K |
| Financing cash flow | 82.6M | 100.9M | 211.1M | 27.8M | 30.5M | 0 | — | — | 3.3M |
| Net change in cash | -1.2M | -2.7M | 109.7M | -43.9M | -7.8M | -36.1M | -5.4M | -3.8M | 8K |
| Free cash flow | -82.6M | -100.9M | -109.1M | -74M | -36.5M | -40.6M | -21.2M | -4.3M | -3.3M |
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 | 7.6M | -1.7M | -1.5M | -1.3M | -723K | 530K | -1.4M | -324K | -976K | -799K | -3.2M | -1.8M |
| Depreciation & amortization | 0 | 0 | — | — | — | — | — | — | — | — | — | — |
| Stock-based compensation | 159K | 103K | 181K | 184K | 138K | 122K | 114K | 114K | 118K | 95K | 58K | 51K |
| Change in working capital | -975K | 406K | -456K | -91K | -28K | -431K | 63K | 29K | 459K | -872K | 949K | 1.1M |
| Operating cash flow | 6.8M | -1.2M | -1.8M | -1.2M | -613K | 221K | -1.3M | -503K | -264K | -1.6M | -1.2M | -1.4M |
| Capital expenditure | — | — | — | — | — | — | — | — | — | — | — | — |
| Investing cash flow | — | — | — | — | — | — | — | — | — | — | — | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 0 | — | — | 0 | 0 | — | 1.4M | 0 | 0 | 381K | 825K | 825K |
| Net change in cash | 6.8M | -1.2M | -1.8M | -1.2M | -613K | 221K | 123K | -503K | -264K | -1.2M | -351K | -607K |
| Free cash flow | -6.9M | -1.5M | -1.9M | -1.1M | -1.7M | 360K | -968K | -503K | -264K | -1.6M | -1.2M | -1.4M |