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 | -$0.14 | -$0.5 | -257.1% | — | $0 | — |
| Q1 26 | -$0.12 | -$0.26 | -116.7% | — | $0 | — |
| Q4 25 | -$0.12 | -$0.14 | -16.7% | — | $0 | — |
| Q3 25 | -$0.12 | -$0.14 | -16.7% | — | $0 | — |
| Q2 25 | -$0.11 | -$0.13 | -18.2% | — | $0 | — |
| Q1 25 | -$0.13 | -$0.12 | +7.7% | — | $0 | — |
| Q4 24 | -$0.13 | -$0.13 | 0.0% | — | $0 | — |
| Q3 24 | -$0.12 | -$0.1 | +16.7% | — | $0 | — |
| Q2 24 | -$0.12 | -$0.11 | +8.3% | — | $0 | — |
| Q1 24 | -$0.13 | -$0.11 | +15.4% | — | $0 | — |
| Q4 23 | -$0.12 | -$0.11 | +8.3% | — | $0 | — |
| Q3 23 | -$0.12 | -$0.07 | +41.7% | — | $0 | — |
| Q2 23 | -$0.13 | -$0.12 | +7.7% | — | $0 | — |
| Q1 23 | -$0.11 | -$0.12 | -9.1% | — | $0 | — |
| Q4 22 | -$0.11 | -$0.05 | +54.5% | — | $0 | — |
| Q3 22 | -$0.12 | -$0.04 | +66.7% | — | $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 | — | -$0.53 | — | — | $0 | — |
| FY24 | — | -$0.45 | — | — | $0 | — |
| FY23 | — | -$0.42 | — | — | $0 | — |
| FY22 | — | -$0.53 | — | — | $0 | — |
| FY21 | — | -$0.4 |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| YoY change | — | 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.
| Period | Q3 23 | Q4 23 | Q1 24 | Q2 24 |
|---|
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — |
| Research & development | 6.6M | 7.5M | 11.4M | 20.9M | 26.4M | 27M | 32.1M |
| Selling, general & administrative | 1.4M | 1.7M | 2.3M | 11.2M | 9.3M | 9M | 10.2M |
| Operating expenses | 8M | 9.2M | 13.8M | 32.1M | 35.7M | 36M | 42.3M |
| Operating income | -8M | -9.2M | -13.8M | -32.1M | -35.7M | -36M | -42.3M |
| Operating margin | — | — | — | — | — | — | — |
| Non-operating income, net | -1.1M | -102K | -13.7M | -3.4M | 1.8M | 365K | -3.6M |
| Pretax income | -8.3M | -8.7M | -27.3M | -33.7M | -29.1M | -31.7M | -42.5M |
| Income tax | 146K | 158K | 7K | 20K | 16K | 6K | 121K |
| Net income | -8.5M | -8.9M | -27.3M | -33.8M | -29.2M | -31.8M | -42.6M |
| Net margin | — | — | — | — | — | — | — |
| EBITDA | -6.9M | -9.1M | -12.8M | -29.4M | -29.8M | -30.7M | -37.3M |
| EPS | -0.12 | -0.13 | -0.4 | -0.53 | -0.42 | -0.45 | -0.53 |
| Diluted EPS | -0.12 | -0.13 | -0.4 | -0.53 | -0.42 | -0.45 | -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 | 6.7M | 7.5M | 6.4M | 6.9M | 6.2M | 7.5M | 7.2M | 7M | 8.3M | 9.6M | 11M | 9.9M |
| Selling, general & administrative | 2.3M | 2.5M | 2M | 2.2M | 2.1M | 2.7M | 2.1M | 2.6M | 2.4M | 3M | 2.3M | 3.9M |
| Operating expenses | 8.9M | 9.9M | 8.4M | 9.1M | 8.3M | 10.3M | 9.3M | 9.6M | 10.7M | 12.6M | 13.3M | 13.8M |
| Operating income | -8.9M | -9.9M | -8.4M | -9.1M | -8.3M | -10.3M | -9.3M | -9.6M | -10.7M | -12.6M | -13.3M | -13.8M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | — | — | — | — | — | — | — | — | — | — | — | — |
| Pretax income | -5M | -7.4M | -8M | -7.4M | -6.9M | -9.5M | -8.6M | -10M | -11.7M | -12.2M | -22.9M | -45.6M |
| Income tax | -39K | 8K | 1K | 3K | 0 | 2K | 99K | 65K | -8K | -35K | -11K | 229K |
| Net income | -4.9M | -7.4M | -8M | -7.4M | -6.9M | -9.5M | -8.7M | -10.1M | -11.7M | -12.1M | -22.9M | -45.8M |
| Net margin | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -8.9M | -3.3M | -8.4M | -9.1M | -8.3M | -5.7M | -9.3M | -9.2M | -11.2M | -12.5M | -13.3M | -55.1M |
| EPS | — | — | -0.11 | — | — | — | -0.12 | — | — | — | -0.26 | — |
| Diluted EPS | — | — | -0.11 | — | — | — | -0.12 | — | — | — | -0.26 | — |
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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Market cap | — | — | 664M | 202M | 208.8M | 216.8M | — | — |
| Enterprise value | — | — | 632.7M | 102.7M | 140.3M | 169.7M | — | — |
| Shares outstanding | 67.6M | 67.6M | 67.6M | 63.5M | 69.4M | 69.9M | 80.6M | 80.6M |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| P/B | — | — | -19.1 | 1.91 | 2.47 | 3.46 | — | — |
| EV/EBITDA | — | — | -49.4 | -3.49 | -4.71 | -5.53 | — | — |
| FCF yield | — | — | -2.22% | -12.3% | -11.7% | -10.2% | — | — |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| ROE | 4.4K% | 105.4% | 78.4% | -32% | -34.5% | -50.7% | -55.3% | -55.3% |
| ROA | -26.8% | -16.8% | -64.6% | -28.1% | -27.2% | -36.8% | -40.3% | -40.3% |
| ROIC | 28.3% | 17% | 20.9% | -508.5% | -223.5% | -231% | -238.9% | -238.9% |
| Return on tangible assets | -26.8% | -16.8% | -64.6% | -28.1% | -27.2% | -36.8% | -40.3% | -40.3% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Current ratio | 22.1 | 22.7 | 7.41 | 24.5 | 12.1 | 7.4 | 7.45 | 7.45 |
| Quick ratio | 22.1 | 22.7 | 7.41 | 24.5 | 12.1 | 7.4 | 7.45 | 7.45 |
| Debt / equity | — | — | 0 | 0.05 | 0.16 | 0.2 | 0.18 | 0.18 |
| Debt / assets | — | — | 0 | 0.04 | 0.12 | 0.15 | 0.13 | 0.13 |
| Net debt / EBITDA | — | — | 2.44 | 3.38 | 2.3 | 1.53 | 1.59 | 1.59 |
| Interest coverage | — | — | — | — | -387.5 | -103.8 | -121.5 | -121.5 |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (basic) | -0.12 | -0.13 | -0.4 | -0.53 | -0.42 | -0.45 | -0.53 | -0.53 |
| EPS (diluted) | -0.12 | -0.13 | -0.4 | -0.53 | -0.42 | -0.45 | -0.53 | -0.53 |
| Book value per share | -0 | -0.12 | -0.51 | 1.66 | 1.22 | 0.9 | 0.96 | 0.96 |
| FCF per share | -0.12 | -0.16 | -0.22 | -0.39 | -0.35 | -0.31 | -0.41 | -0.41 |
| Cash per share | 0.42 | 0.68 | 0.46 | 1.65 | 1.18 | 0.85 | 0.91 | 0.91 |
| Capex per share | 0.02 | 0.06 | 0.04 | 0.01 | 0.09 | 0.03 | — | — |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Capex / operating cash flow | -16.8% | -45.7% | -11.5% | -3.26% | -36.9% | -11.4% | — | — |
| — |
| — |
| $0 |
| — |
| FY20 | — | -$0.13 | — | — | $0 | — |
| FY19 | — | -$0.12 | — | — | $0 | — |
| 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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 28.1M | 46M | 31.3M | 104.5M | 81.8M | 59.6M | 73.1M |
| Receivables | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — |
| Total current assets | 29.8M | 47.5M | 32.6M | 106.5M | 85.8M | 64.2M | 78.3M |
| Property, plant & equipment | 1.7M | 5.4M | 7.5M | 13.3M | 21.2M | 21.5M | 26.9M |
| Goodwill & intangibles | — | — | — | — | — | — | — |
| Total assets | 31.6M | 53M | 42.2M | 120.1M | 107.4M | 86.2M | 105.7M |
| Accounts payable | 893K | 964K | 1.2M | 1.4M | 2.6M | 3.5M | 3.9M |
| Short-term debt | — | — | — | 669K | 1.1M | 1M | 1.1M |
| Total current liabilities | 1.3M | 2.1M | 4.4M | 4.3M | 7.1M | 8.7M | 10.5M |
| Long-term debt | — | — | 0 | 4.5M | 12.2M | 11.5M | 12.6M |
| Total liabilities | 31.8M | 61.4M | 77M | 14.5M | 22.9M | 23.5M | 28.6M |
| Shareholders' equity | -193K | -8.4M | -34.8M | 105.7M | 84.5M | 62.7M | 77.1M |
| Total debt | — | — | 0 | 5.2M | 13.3M | 12.5M | 13.7M |
| Net debt | — | — | -23.2M | -643K | 619K | -1.2M | 1.5M |
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 | 87.2M | 81.8M | 77.6M | 71M | 65.2M | — | 51.6M | — | 72.2M | 73.1M | 76.4M | 100.6M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 91.4M | 85.8M | 81.2M | 75.2M | 69.8M | — | 56.8M | — | 77.1M | 78.3M | 81.3M | 106.8M |
| Property, plant & equipment | 14.9M | 21.2M | 20.8M | 20.4M | 20.5M | — | 23.7M | — | 27.1M | 26.9M | 27M | 26.9M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 106.7M | 107.4M | 102.4M | 96M | 90.7M | — | 80.9M | — | 104.7M | 105.7M | 108.8M | 134.3M |
| Accounts payable | 2.3M | 2.6M | 2.5M | 2M | 2.5M | — | 2.6M | — | 3.1M | 3.9M | 3.7M | 3.2M |
| Short-term debt | 848K | 1.1M | 1.1M | 1M | 1M | — | 1M | — | 1.1M | 1.1M | 1.2M | 1.3M |
| Total current liabilities | 6.2M | 7.1M | 7M | 6.5M | 6.3M | — | 9.8M | — | 9.1M | 10.5M | 10.4M | 9.6M |
| Long-term debt | 5.2M | 12.2M | 11.9M | 11.5M | 11.5M | — | 11.3M | — | 12.4M | 12.6M | 13.1M | 13.8M |
| Total liabilities | 16.9M | 22.9M | 23.4M | 22M | 21.3M | — | 24.6M | — | 27.1M | 28.6M | 39.4M | 90.2M |
| Shareholders' equity | 89.9M | 84.5M | 79.1M | 74M | 69.4M | — | 56.3M | — | 77.6M | 77.1M | 69.4M | 44.1M |
| Total debt | 6.1M | 13.3M | 12.9M | 12.6M | 12.6M | — | 12.3M | — | 13.5M | 13.7M | 14.3M | 15.2M |
| Net debt | 6M | 619K | 5.6M | 9.8M | 7M | — | 7.3M | — | 10.2M | 1.5M | 9.7M | -7.8M |
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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Net income | -8.5M | -8.9M | -27.3M | -33.8M | -29.2M | -31.8M | -42.6M |
| Depreciation & amortization | 66K | 86K | 776K | 979K | 1.1M | 1.1M | 1.2M |
| Stock-based compensation | 546K | 596K | 812K | 6.7M | 7.9M | 9.9M | 10.6M |
| Change in working capital | 148K | 114K | 239K | -397K | 1.1M | 1M | 1.2M |
| Operating cash flow | -7.7M | -8.2M | -25.4M | -27.8M | -17.4M | -19.7M | -26.7M |
| Capital expenditure | -1.3M | -3.8M | -2.9M | -904K | -6.4M | -2.2M | — |
| Investing cash flow | -10.2M | -7.8M | 19.3M | -89.9M | 18.7M | 20.8M | -14.5M |
| Dividends paid | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — |
| Financing cash flow | 4.3M | 28.7M | 0 | 93.5M | 5.2M | 0 | 40.3M |
| Net change in cash | -13.6M | 12.7M | -6.1M | -24.1M | 6.6M | 1.1M | -850K |
| Free cash flow | -8.2M | -11M | -14.7M | -24.8M | -24.4M | -22M | -32.8M |
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 | Q1 21 | Q2 21 | Q1 22 | Q2 22 |
|---|---|---|---|---|
| Net income | -11.7M | -7M | -25.7M | -2M |
| Depreciation & amortization | 164K | 189K | 231K | 244K |
| Stock-based compensation | 145K | 119K | 2M | 1.5M |
| Change in working capital | 72K | 331K | 2.6M | -2.6M |
| Operating cash flow | -2.4M | -14.9M | -4M | -20M |
| Capital expenditure | -609K | -598K | -298K | -377K |
| Investing cash flow | -609K | -598K | -298K | -377K |
| Dividends paid | — | — | — | — |
| Share repurchases | — | — | — | — |
| Financing cash flow | — | — | 80.6M | 12.9M |
| Net change in cash | -3M | -15.5M | 76.4M | -7.4M |
| Free cash flow | -3.7M | -2.8M | -6.9M | -9.1M |