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 | -$1.64 | -$0.24 | +85.4% | — | $0 | — |
| Q2 26 | -$1.26 | -$1.09 | +13.5% | — | $0 | — |
| Q1 26 | -$1.18 | -$0.97 | +17.8% | — | $0 | — |
| Q4 25 | -$1 | -$0.58 | +42.0% | — | $0 | — |
| Q3 25 | -$0.88 | -$0.74 | +15.9% | — | $0 | — |
| Q2 25 | -$0.46 | -$0.42 | +8.7% | — | $0 | — |
| Q1 25 | -$0.5 | $0.01 | +102.0% | — | $0 | — |
| Q4 24 | -$0.6 | -$0.17 | +71.7% | — | $0 | — |
| Q4 21 | — | -$0.24 | — | — | $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 | — | -$1.78 | — | — | $0 | — |
| FY24 | — | -$0.65 | — | — | $0 | — |
| FY23 | — | -$1.98 | — | — | $0 | — |
| FY22 | — | -$6.06 | — | — | $0 | — |
| FY21 | — | -$4.82 | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 |
| YoY change | — | 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 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 |
|---|
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — |
| Research & development | 354.9K | 6.3M | 12.2M | 5M | 858.4K | 11.1M |
| Selling, general & administrative | 114.5K | 2.3M | 2.6M | 2.2M | 1.1M | 2.6M |
| Operating expenses | 474.8K | 8.8M | 15M | 7.4M | 2.1M | 13.9M |
| Operating income | -474.8K | -8.8M | -15M | -7.4M | -2.1M | -13.9M |
| Operating margin | — | — | — | — | — | — |
| Non-operating income, net | -5.5K | 154.1K | 10.2K | 14.2K | -6.8K | 188.8K |
| Pretax income | -480.4K | -8.7M | -15M | -7.4M | -2M | -12.2M |
| Income tax | — | — | — | — | — | — |
| Net income | -480.4K | -8.7M | -15M | -7.4M | -2M | -12.2M |
| Net margin | — | — | — | — | — | — |
| EBITDA | -474.8K | -8.9M | -15M | -7.3M | -2M | -14M |
| EPS | -0.38 | -4.82 | -6.06 | -1.98 | -0.65 | -1.78 |
| Diluted EPS | -0.38 | -4.82 | -6.06 | -1.98 | -0.65 | -1.78 |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 | Q3 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Research & development | 1.1M | 1.2M | 105.2K | -410.1K | 302.7K | 767.6K | 2.6M | 2.7M | 4.8M | 5.7M | 13M | 9.3M |
| Selling, general & administrative | 459.2K | 401.2K | 363.6K | 232K | 255.3K | 397.2K | 676.2K | 591.9K | 756.4K | 1.1M | 2.2M | 2.2M |
| Operating expenses | 1.6M | 1.7M | 558.1K | -169.9K | 575.6K | 1.2M | 3.4M | 3.3M | 5.7M | 6.9M | 15.3M | 11.4M |
| Operating income | -1.6M | -1.7M | -558.1K | 169.9K | -575.6K | -1.2M | -3.4M | -3.3M | -5.7M | -6.9M | -15.3M | -11.4M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | 57.9K | 14.7K | -16.1K | -14.3K | 8.6K | 1.2M | -107.7K | -2.4M | 1M | -1.5M | 2.2M | 6.2M |
| Pretax income | -1.5M | -1.7M | -574.1K | 166.4K | -562.6K | 36.4K | -3M | -5.2M | -4.1M | -7.6M | -10.5M | -2.4M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — |
| Net income | -1.5M | -1.7M | -574.1K | 166.4K | -562.6K | 36.4K | -3M | -5.2M | -4.1M | -7.6M | -10.5M | -2.4M |
| Net margin | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -1.6M | -1.7M | -523.9K | 197.3K | -570.4K | -2.4M | -3.2M | -599.7K | -7M | -5.4M | -17.5M | -17.7M |
| EPS | — | -0.44 | -0.13 | 0.05 | — | 0.01 | -0.42 | -0.74 | — | -0.97 | -1.09 | -0.24 |
| Diluted EPS | — | -0.44 | -0.13 | 0.05 | — | 0.01 | -0.42 | -0.74 | — | -0.97 | -1.09 | -0.24 |
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 | — | — | — | — | — | — | 506.9M |
| Enterprise value | — | — | — | — | — | — | 142.7M |
| Shares outstanding | 1.8M | 2.5M | 3.5M | 5.3M | 3.1M | 6.9M | 6.9M |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | 0.28 |
| P/B | — | — | — | — | — | — | 2.32 |
| EV/EBITDA | — | — | — | — | — | — | -10.2 |
| Earnings yield | — | — | — | — | — | — | 352.1% |
| FCF yield | — | — | — | — | — | — | -2.62% |
| PEG | — | — | — | — | — | — | -0 |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | — | 0% |
| Net margin | — | — | — | — | — | — | 0% |
| ROE | -65.9% | -44.6% | -141.9% | -111.7% | -50.6% | -14.9% | -13.6% |
| ROA | -54.6% | -43.2% | -123.8% | -107.2% | -45.9% | -14.5% | -13.5% |
| Return on tangible assets | -54.7% | -43.2% | -123.8% | -107.2% | -45.9% | -14.5% | -7.9% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Current ratio | 5.82 | 31.4 | 8.11 | 24.3 | 11.3 | 36.1 | 122 |
| Quick ratio | 5.82 | 31.4 | 8.11 | 24.3 | 11.3 | 36.1 | 122 |
| Debt / equity | — | 0 | 0.01 | 0.01 | 0.02 | 0 | 0 |
| Debt / assets | — | 0 | 0.01 | 0.01 | 0.02 | 0 | 0 |
| Net debt / EBITDA | — | 2.21 | 0.77 | 0.91 | 2.04 | 5.89 | 6.48 |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (basic) | -0.38 | -4.82 | -6.06 | -1.98 | -0.65 | -1.78 | -1.78 |
| EPS (diluted) | -0.38 | -4.82 | -6.06 | -1.98 | -0.65 | -1.78 | -2.01 |
| Book value per share | 0.4 | 7.62 | 3.01 | 1.25 | 1.28 | 11.9 | 22.3 |
| FCF per share | -0.16 | -2.87 | -3.88 | -1.33 | -0.43 | -1.26 | -2.51 |
| Cash per share | 0.44 | 7.76 | 3.32 | 1.28 | 1.33 | 12.1 | 31.2 |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Payout ratio | — | — | — | — | — | — | 0% |
| — |
| $0 |
| — |
| FY20 | — | -$0.38 | — | — | $0 | — |
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Q3 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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Cash & short-term investments | 799.9K | 19.8M | 11.6M | 6.7M | 4.2M | 82.9M |
| Receivables | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — |
| Total current assets | 878.2K | 20M | 11.9M | 6.8M | 4.4M | 84.3M |
| Property, plant & equipment | — | — | 277.7K | 66.4K | 85.6K | 112K |
| Goodwill & intangibles | 2K | 2K | 0 | — | — | — |
| Total assets | 880.2K | 20M | 12.1M | 6.9M | 4.4M | 84.4M |
| Accounts payable | 138.4K | 596.6K | 1.2M | 182.3K | 296.5K | 1.7M |
| Short-term debt | — | — | 67.9K | 73.5K | 57.7K | 84.5K |
| Total current liabilities | 150.9K | 638.6K | 1.5M | 280.9K | 384.6K | 2.3M |
| Long-term debt | — | 0 | 72K | 0 | 28.8K | 41.2K |
| Total liabilities | 150.9K | 638.6K | 1.5M | 280.9K | 413.4K | 2.4M |
| Shareholders' equity | 729.3K | 19.4M | 10.5M | 6.6M | 4M | 82M |
| Total debt | — | 0 | 139.9K | 73.5K | 86.5K | 125.8K |
| Net debt | — | -19.8M | -11.5M | -6.7M | -4.1M | -82.8M |
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 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 | Q3 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 6.7M | 6.8M | 5.9M | 4.5M | 4.2M | 42.5M | 55.7M | 51.4M | 82.9M | 89M | 309.7M | 307.8M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 6.8M | 6.8M | 6.5M | 4.5M | 4.4M | 42.8M | 56.3M | 52.4M | 84.3M | 90.8M | 312.3M | 310.3M |
| Property, plant & equipment | 66.4K | 0 | 0 | 0 | 85.6K | 130K | 154.5K | 129K | 112K | 92.2K | 72.4K | 52.9K |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 6.9M | 6.9M | 6.5M | 4.5M | 4.4M | 42.9M | 56.5M | 52.5M | 84.4M | 90.9M | 312.4M | 310.3M |
| Accounts payable | 182.3K | 799.6K | 801.1K | 108.3K | 296.5K | 274.4K | 551.2K | 510.8K | 1.7M | 1.4M | 3.6M | 2.4M |
| Short-term debt | 73.5K | 54.6K | 34.7K | 10.1K | 57.7K | 53.4K | 77.8K | 78.2K | 84.5K | 88.2K | 82.1K | 65.6K |
| Total current liabilities | 280.9K | 854.2K | 845.8K | 129.3K | 384.6K | 338.9K | 638K | 605K | 2.3M | 1.6M | 3.8M | 2.5M |
| Long-term debt | 0 | — | — | — | 28.8K | 80.8K | 88.8K | 62.8K | 41.2K | 16.7K | 0 | 0 |
| Total liabilities | 280.9K | 854.2K | 845.8K | 129.3K | 413.4K | 419.7K | 726.8K | 667.8K | 2.4M | 1.6M | 3.8M | 2.5M |
| Shareholders' equity | 6.6M | 6M | 5.7M | 4.4M | 4M | 42.5M | 55.7M | 51.8M | 82M | 89.3M | 308.5M | 307.8M |
| Total debt | 73.5K | 54.6K | 34.7K | 10.1K | 86.5K | 134.2K | 166.6K | 141K | 125.8K | 104.9K | 82.1K | 65.6K |
| Net debt | -6.7M | -6.7M | -5.9M | -4.5M | -4.1M | -42.4M | -55.5M | -51.2M | -82.8M | -88.9M | -309.6M | -307.8M |
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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Net income | -480.4K | -8.7M | -15M | -7.4M | -2M | -12.2M |
| Depreciation & amortization | 0 | 0 | 6K | 72.5K | 53.4K | 76.9K |
| Stock-based compensation | 161.3K | 880.6K | 875.1K | 1.2M | 610.9K | 3.2M |
| Change in working capital | 0 | -110.1K | -43.5K | 118.8K | -9.6K | -362.8K |
| Operating cash flow | -319.1K | -7.5M | -14.1M | -6M | -1.4M | -8.7M |
| Capital expenditure | — | — | — | — | — | — |
| Investing cash flow | — | — | — | — | — | — |
| Dividends paid | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — |
| Financing cash flow | 1M | 25.9M | 3.2M | 1.1M | 589.4K | 81.6M |
| Net change in cash | 689.3K | 18.4M | -10.9M | -4.9M | -787.7K | 72.9M |
| Free cash flow | -288.4K | -7.3M | -13.6M | -7M | -1.3M | -8.7M |
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 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 | Q3 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -1.5M | -1.7M | -574.1K | 166.4K | -562.6K | 36.4K | -3M | -5.2M | -4.1M | -7.6M | -10.5M | -2.4M |
| Depreciation & amortization | 18.1K | 18.1K | 18.1K | 13.1K | 13.8K | 15.8K | 22.5K | 15.8K | 17K | 19.8K | 19.8K | 19.5K |
| Stock-based compensation | 400.5K | 218.9K | 226.6K | 133.1K | 152.9K | 129.5K | 615.9K | 1.3M | 1.1M | 1.3M | 1.2M | 1.5M |
| Change in working capital | 66.7K | -8.1K | -508.2K | 387.9K | -24K | -12.3K | -166.5K | -39.1K | -140.4K | -30.6K | -696.3K | 38K |
| Operating cash flow | -1M | -1.5M | -835.5K | 701.4K | -418K | 174.2K | -2.5M | -3.5M | -1.3M | -5.8M | -9.2M | -8.3M |
| Capital expenditure | — | — | — | — | — | — | — | — | — | — | — | — |
| Investing cash flow | — | — | — | — | — | — | — | — | — | — | — | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | -21.6K | 878K | -22K | -15.9K | -17.4K | 35.6M | -24.6K | -25.6K | 33.2M | 13.4M | 228.4M | -26.4K |
| Net change in cash | -1.1M | -574.3K | -857.4K | 685.5K | -435.3K | 35.8M | -2.5M | -3.5M | 31.9M | 7.6M | 219.2M | -8.4M |
| Free cash flow | -1.2M | -822.1K | -805.1K | 173.8K | -336.9K | -1.1M | -2.4M | -3.5M | -1.3M | -5.8M | -9.2M | -8.3M |