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 | -$0.34 | -$0.32 | +5.9% | — | $0 | — |
| Q1 26 | -$0.33 | -$0.29 | +12.1% | — | $0 | — |
| Q4 25 | -$0.35 | -$0.27 | +22.9% | — | $0 | — |
| Q3 25 | -$0.34 | -$0.3 | +11.8% | — | $0 | — |
| Q2 25 | -$0.33 | -$0.34 | -3.0% | — | $0 | — |
| Q1 25 | -$0.28 | -$0.31 | -10.7% | — | $0 | — |
| Q4 24 | -$0.27 | -$0.24 | +11.1% | — | $0 | — |
| Q3 24 | -$0.24 | -$0.23 | +4.2% | — | $0 | — |
| Q2 24 | -$0.23 | -$0.21 | +8.7% | — | $0 | — |
| Q1 24 | -$0.26 | -$0.2 | +23.1% | — | $0 | — |
| Q4 23 | -$0.32 | -$0.21 | +34.4% | — | $0 | — |
| Q3 23 | -$0.41 | -$0.28 | +31.7% | — | $0 | — |
| Q2 23 | -$0.4 | -$0.36 | +10.0% | — | $0 | — |
| Q1 23 | -$0.36 | -$0.35 | +2.8% | — | $0 | — |
| Q4 22 | -$0.34 | -$0.31 | +8.8% | — | $0 | — |
| Q3 22 | -$0.29 | -$0.32 | -10.3% | — | $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 | — | -$1.22 | — | — | $0 | — |
| FY24 | — | -$0.88 | — | — | $0 | — |
| FY23 | — | -$1.19 | — | — | $0 | — |
| FY22 | — | -$1.14 | — | — | $0 | — |
| FY21 | — | -$0.77 |
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 | 1.7M | 6.1M | 24.8M | 48.6M | 57.1M | 44.4M | 59.1M |
| Selling, general & administrative | 1.1M | 2.5M | 11.1M | 19M | 21.1M | 18M | 20.3M |
| Operating expenses | 1.9M | 8.3M | 35.8M | 67.6M | 78.2M | 62.4M | 79.5M |
| Operating income | -1.9M | -8.3M | -35.8M | -67.6M | -78.2M | -62.4M | -79.5M |
| Operating margin | — | — | — | — | — | — | — |
| Non-operating income, net | -139K | 50K | 298K | 4.3M | 11.3M | — | — |
| Pretax income | -2M | -8.3M | -35.5M | -63.3M | -66.9M | -49.6M | -69.8M |
| Income tax | — | — | — | — | — | — | — |
| Net income | -2M | -8.3M | -35.5M | -63.3M | -66.9M | -49.6M | -69.8M |
| Net margin | — | — | — | — | — | — | — |
| EBITDA | -1.9M | -8.3M | -35.7M | -67.2M | -77.7M | -61.8M | -78.8M |
| EPS | -0.08 | -0.15 | -0.77 | -1.14 | -1.19 | -0.88 | -1.22 |
| Diluted EPS | -0.08 | -0.15 | -0.77 | -1.14 | -1.19 | -0.88 | -1.22 |
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 | 13.3M | 11M | 9.8M | 10.5M | 11.9M | 12.2M | 15.4M | 15.7M | 14.6M | 13.4M | 14.4M | 16.4M |
| Selling, general & administrative | 5.6M | 4.1M | 4.6M | 4.5M | 4.4M | 4.5M | 5M | 5.8M | 4.7M | 4.7M | 5.3M | 5.8M |
| Operating expenses | 18.8M | 15.1M | 14.4M | 15M | 16.2M | 16.7M | 20.4M | 21.6M | 19.3M | 18.2M | 19.7M | 22.2M |
| Operating income | -18.8M | -15.1M | -14.4M | -15M | -16.2M | -16.7M | -20.4M | -21.6M | -19.3M | -18.2M | -19.7M | -22.2M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | 3M | 3.3M | 3.3M | 3.3M | 3.2M | — | 2.7M | — | — | — | — | — |
| Pretax income | -15.8M | -11.8M | -11.1M | -11.8M | -13M | -13.7M | -17.7M | -19.1M | -17M | -16M | -17.6M | -20.2M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — |
| Net income | -15.8M | -11.8M | -11.1M | -11.8M | -13M | -13.7M | -17.7M | -19.1M | -17M | -16M | -17.6M | -20.2M |
| Net margin | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -18.7M | -15M | -14.3M | -14.9M | -16.1M | -16.5M | -20.3M | -21.4M | -19.2M | -18M | -19.5M | -22M |
| EPS | -0.28 | — | -0.2 | -0.21 | -0.23 | -0.24 | -0.31 | -0.34 | -0.3 | -0.27 | -0.29 | -0.32 |
| Diluted EPS | -0.28 | — | -0.2 | -0.21 | -0.23 | -0.24 | -0.31 | -0.34 | -0.3 | -0.27 | -0.29 | -0.32 |
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 | — | — | — | — | 148.4M | 349.1M | 537.8M | 773.5M |
| Enterprise value | — | — | — | — | -130.4M | 106M | 319.4M | 568.8M |
| Shares outstanding | 27.2M | 53.8M | 45.9M | 55.7M | 56M | 56.6M | 57.3M | 57.3M |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | -10.1 |
| P/B | — | — | — | — | 0.53 | 1.44 | 2.53 | 3.83 |
| EV/EBITDA | — | — | — | — | 1.68 | -1.72 | -4.05 | -7.26 |
| Earnings yield | — | — | — | — | — | — | — | -9.86% |
| FCF yield | — | — | — | — | -39.6% | -12.4% | -10.1% | -4.18% |
| PEG | — | — | — | — | — | — | — | 1.72 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | — | — | 0% |
| Net margin | — | — | — | — | — | — | — | 0% |
| ROE | 56.2% | 73.2% | -9.3% | -19.3% | -24.1% | -20.5% | -32.8% | -34.1% |
| ROA | -2.3K% | -22.7% | -9.1% | -18.6% | -23.1% | -19.7% | -30.9% | -22.5% |
| Return on tangible assets | -2.3K% | -22.7% | -9.1% | -18.6% | -23.1% | -19.7% | -30.9% | -32.9% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Current ratio | 0.02 | 15.6 | 73 | 31.1 | 29.6 | 29.3 | 17.1 | 18.9 |
| Quick ratio | 0.02 | 15.6 | 73 | 31.1 | 29.6 | 29.3 | 17.1 | 18.9 |
| Debt / equity | -0.19 | 0 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Debt / assets | 7.72 | 0 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Net debt / EBITDA | -0.32 | 4.34 | 10.7 | 4.86 | 3.59 | 3.94 | 2.77 | 2.6 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (basic) | -0.08 | -0.15 | -0.77 | -1.14 | -1.19 | -0.88 | -1.22 | -1.22 |
| EPS (diluted) | -0.08 | -0.15 | -0.77 | -1.14 | -1.19 | -0.88 | -1.22 | -1.21 |
| Book value per share | -0.13 | -0.21 | 8.32 | 5.88 | 4.96 | 4.28 | 3.71 | 3.23 |
| FCF per share | -0.01 | -0.16 | -0.67 | -0.94 | -1.05 | -0.77 | -0.95 | -0.88 |
| Cash per share | 0 | 0.67 | 8.36 | 5.93 | 5.03 | 4.34 | 3.83 | 3.31 |
| Capex per share | 0 | 0 | 0.03 | 0.02 | 0 | 0.01 | — | — |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Capex / operating cash flow | 0% | -0.92% | -5.44% | -1.97% | -0.47% | -0.92% | — | — |
| Payout ratio | — | — | — | — | — | — | — | 0% |
| — |
| — |
| $0 |
| — |
| FY20 | — | -$0.15 | — | — | $0 | — |
| FY19 | — | -$0.08 | — | — | $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 | 77K | 36.1M | 384.1M | 330.4M | 281.8M | 245.5M | 219.8M |
| Receivables | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — |
| Total current assets | 90K | 36.2M | 385.4M | 335.1M | 284.6M | 248M | 223.8M |
| Property, plant & equipment | 0 | 71K | 5.1M | 5.6M | 4.6M | 3.6M | 2.4M |
| Goodwill & intangibles | — | — | — | — | — | — | — |
| Total assets | 90K | 36.5M | 390.6M | 341.1M | 289.6M | 252.1M | 226.2M |
| Accounts payable | 2.5M | 1.4M | 1.6M | 3M | 1.9M | 2.2M | 2.3M |
| Short-term debt | 695K | — | 489K | 640K | 716K | 800K | 890K |
| Total current liabilities | 3.7M | 2.3M | 5.3M | 10.8M | 9.6M | 8.5M | 13.1M |
| Long-term debt | — | 0 | 3.1M | 3.1M | 2.3M | 1.5M | 645K |
| Total liabilities | 3.7M | 47.8M | 8.4M | 13.8M | 12M | 10M | 13.7M |
| Shareholders' equity | -3.6M | -11.3M | 382.1M | 327.3M | 277.7M | 242.1M | 212.5M |
| Total debt | 695K | 0 | 3.6M | 3.7M | 3M | 2.3M | 1.5M |
| Net debt | 618K | -2.4M | -294.9M | -22.8M | -18.1M | -20.2M | -15.3M |
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 | 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 | 290.9M | 281.8M | 270.7M | 261M | 254.1M | 245.5M | 229.7M | 216.3M | 206M | 219.8M | 222.8M | 207.4M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 294.5M | 284.6M | 273.9M | 264.8M | 257.2M | 248M | 233.6M | 219.8M | 209M | 223.8M | 227M | 212M |
| Property, plant & equipment | 4.9M | 4.6M | 4.5M | 4.3M | 4M | 3.6M | 3.4M | 3.1M | 2.7M | 2.4M | 3.4M | 3.1M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 299.9M | 289.6M | 278.8M | 269.6M | 261.6M | 252.1M | 237.5M | 222.9M | 211.8M | 226.2M | 230.4M | 215.1M |
| Accounts payable | 2.2M | 1.9M | 1.4M | 1.3M | 1.5M | 2.2M | 3.2M | 1M | 1.9M | 2.3M | 2.3M | 3.1M |
| Short-term debt | 697K | 716K | 736K | 757K | 778K | 800K | 821K | 844K | 866K | 890K | 536K | 631K |
| Total current liabilities | 12.4M | 9.6M | 7.1M | 6.4M | 7.4M | 8.5M | 8.2M | 8.7M | 11.2M | 13.1M | 10.2M | 11.2M |
| Long-term debt | 2.5M | 2.3M | 2.1M | 1.9M | 1.7M | 1.5M | 1.3M | 1.1M | 877K | 645K | 2.2M | 2M |
| Total liabilities | 14.9M | 12M | 9.2M | 8.3M | 9.2M | 10M | 9.6M | 9.8M | 12.1M | 13.7M | 12.4M | 13.3M |
| Shareholders' equity | 285M | 277.7M | 269.6M | 261.2M | 252.5M | 242.1M | 227.9M | 213M | 199.7M | 212.5M | 218.1M | 201.9M |
| Total debt | 3.2M | 3M | 2.9M | 2.7M | 2.5M | 2.3M | 2.1M | 1.9M | 1.7M | 1.5M | 2.7M | 2.7M |
| Net debt | -24.7M | -18.1M | -26.5M | -43M | -27.8M | -20.2M | -11.5M | -17.8M | -13.3M | -15.3M | -10M | -10.2M |
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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Net income | -2M | -8.3M | -35.5M | -63.3M | -66.9M | -49.6M | -69.8M |
| Depreciation & amortization | 0 | 5K | 129K | 406K | 537K | 596K | 622K |
| Stock-based compensation | 0 | 450K | 4.7M | 10.9M | 13.1M | 13.1M | 14.5M |
| Change in working capital | 202K | -470K | 2.4M | 5.4M | -1.2M | -1.2M | 4.5M |
| Operating cash flow | -1.8M | -8.3M | -28.3M | -46.5M | -54.5M | -37.1M | -54.4M |
| Capital expenditure | 0 | -76K | -1.5M | -918K | -256K | -340K | — |
| Investing cash flow | 0 | -33.6M | -53.6M | -221M | 52.5M | 44M | 23.1M |
| Dividends paid | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — |
| Financing cash flow | 196K | 44.5M | 379M | -427K | — | — | 24.8M |
| Net change in cash | -1.6M | 2.7M | 297.1M | -267.9M | -1.9M | 6.8M | -6.4M |
| Free cash flow | -139K | -8.7M | -30.9M | -52.2M | -58.8M | -43.4M | -54.6M |
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 | -15.8M | -11.8M | -11.1M | -11.8M | -13M | -13.7M | -17.7M | -19.1M | -17M | -16M | -17.6M | -20.2M |
| Depreciation & amortization | 137K | 138K | 143K | 151K | 153K | 149K | 159K | 152K | 155K | 156K | 157K | 151K |
| Stock-based compensation | 3.2M | 2.7M | 3.2M | 3.3M | 3.1M | 3.5M | 3.5M | 4M | 3.6M | 3.4M | 3.9M | 3.9M |
| Change in working capital | 239K | -2.8M | -2.5M | -720K | 1M | 1M | -301K | 542K | 2.4M | 1.8M | -2.5M | 955K |
| Operating cash flow | -12.2M | -11.8M | -10.3M | -9.1M | -8.8M | -9M | -14.3M | -14.4M | -11.2M | -12M | -16.4M | -15.5M |
| Capital expenditure | -53K | -27K | -195K | -161K | 16K | 0 | -72K | — | — | — | — | — |
| Investing cash flow | 15.3M | 5.6M | 20.6M | 27.3M | -5.8M | 1.8M | 7.9M | 20.2M | 6.5M | -11.5M | -7.6M | 15.1M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | — | — | — | — | — | — | — | — | — | — | 19.9M | 0 |
| Net change in cash | 3.1M | -6.2M | 10.3M | 18.3M | -14.6M | -7.2M | -6.5M | 5.8M | -4.7M | -23.5M | -4.1M | -447K |
| Free cash flow | -14.6M | -12.8M | -12.6M | -11.4M | -9.5M | -9.9M | -16.9M | -14.5M | -11.2M | -12M | -16.4M | -15.5M |