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 | -$0.15 | -$0.27 | -80.0% | — | $0 | — |
| Q1 26 | -$0.23 | -$0.33 | -43.5% | — | $0 | — |
| Q4 25 | -$0.2 | -$0.1 | +50.0% | — | $0 | — |
| Q3 25 | -$0.25 | -$0.21 | +16.0% | — | $0 | — |
| Q2 25 | -$0.23 | -$0.13 | +43.5% | — | $0 | — |
| Q1 25 | -$0.3 | -$0.08 | +73.3% | — | $0 | — |
| Q4 24 | -$0.33 | -$0.95 | -187.9% | — | $0 | — |
| Q3 24 | -$0.31 | -$0.32 | -3.2% | — | $0 | — |
| Q2 24 | -$0.3 | -$1.06 | -253.3% | — | $0 | — |
| Q1 24 | -$0.37 | -$0.34 | +8.1% | — | $0 | — |
| Q4 23 | -$0.38 | -$0.29 | +23.7% | — | $0 | — |
| Q3 23 | -$0.46 | -$0.35 | +23.9% | — | $0 | — |
| Q2 23 | -$0.45 | -$0.4 | +11.1% | — | $0 | — |
| Q1 23 | -$0.6 | -$0.75 | -25.0% | — | $0 | — |
| Q4 22 | -$0.7 | -$0.69 | +1.4% | — | $0 | — |
| Q3 22 | -$0.68 | -$0.73 | -7.4% | — | $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 | — | -$0.52 | — | — | $0 | — |
| FY24 | — | -$0.66 | — | — | $0 | — |
| FY23 | — | -$4.73 | — | — | $0 | — |
| FY22 | — | -$6.16 | — | — | $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 | 3.2M | 2M | 6.8M | 8.1M | 6.1M | 23.7M | 27.1M | 30.3M | 52M | 66.3M |
| Selling, general & administrative | 1.9M | 11.1M | 7.2M | 6.1M | 10.1M | 13.1M | 12.7M | 12.7M | 18.6M | 17M |
| Operating expenses | 5.1M | 13.1M | 14.1M | 14.2M | 16.2M | 36.9M | 39.8M | 43M | 70.6M | 83.3M |
| Operating income | -5.1M | -13.1M | -14.1M | -14.2M | -16.2M | -36.9M | -39.8M | -43M | -70.6M | -83.3M |
| Operating margin | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | -527K | 5K | -5K | -1.8M | -2.2M | 7K | -48.2M | -73.5M | 34.8M | 37.7M |
| Pretax income | -5.7M | -13.1M | -14.1M | -16M | -23.2M | -36.9M | -88M | -116.5M | -35.8M | -45.6M |
| Income tax | — | — | — | 0 | -404K | -2.4M | 0 | 0 | 431K | 35K |
| Net income | -5.7M | -13.1M | -14.1M | -16M | -22.8M | -34.5M | -88M | -116.5M | -36.2M | -45.6M |
| Net margin | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -5.1M | -13.1M | -14M | -12.1M | -13.7M | -36.7M | 9.2M | 33.6M | -101.1M | -116.4M |
| EPS | -4.92 | -41.4 | -28.1 | -24.4 | -15.7 | -2.33 | -6.16 | -4.73 | -0.66 | -0.52 |
| Diluted EPS | -4.92 | -41.4 | -28.1 | -24.4 | -15.7 | -2.33 | -6.16 | -4.73 | -0.66 | -0.52 |
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 | 7.9M | 7.1M | 7.4M | 10.1M | 16.5M | 17.9M | 13.5M | 20.3M | 15M | 17.5M | 17.2M | 18.2M |
| Selling, general & administrative | 3.3M | 3.3M | 3.5M | 4.4M | 4M | 6.8M | 4.4M | 4.5M | 4.1M | 4M | 4M | 4.6M |
| Operating expenses | 11.2M | 10.3M | 10.9M | 14.5M | 20.5M | 24.7M | 18M | 24.7M | 19.1M | 21.5M | 21.2M | 22.9M |
| Operating income | -11.2M | -10.3M | -10.9M | -14.5M | -20.5M | -24.7M | -18M | -24.7M | -19.1M | -21.5M | -21.2M | -22.9M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | 1.3M | 712K | -12.8M | -30.4M | 97.5M | -19.5M | 11.5M | 13.5M | 1.6M | 11.1M | -17.8M | -8.8M |
| Pretax income | -9.9M | -9.6M | -23.6M | -44.9M | 77M | -44.2M | -6.5M | -11.2M | -17.5M | -10.4M | -39M | -31.6M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — |
| Net income | -9.9M | -9.6M | -23.6M | -44.9M | 77M | -44.6M | -6.5M | -11.2M | -17.5M | -10.4M | -39M | -31.6M |
| Net margin | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -11.5M | -10.2M | 2.6M | 16.8M | -116.9M | -3.7M | -28M | -37M | -19.6M | -31.9M | -2.2M | -13.2M |
| EPS | -0.33 | — | -0.79 | -1.06 | 1.05 | — | -0.08 | -0.13 | -0.21 | — | -0.33 | -0.27 |
| Diluted EPS | -0.33 | — | -0.79 | -1.06 | -0.32 | — | -0.08 | -0.13 | -0.21 | — | -0.33 | -0.27 |
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 | — | — | — | — | — | — | — | — | — | — | 214.5M |
| Enterprise value | — | — | — | — | — | — | — | — | — | — | 126.2M |
| Shares outstanding | 191.4K | 259.9K | 500.3K | 655.5K | 1.5M | 14.8M | 14.3M | 24.6M | 48.5M | 81.8M | 81.8M |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | — | — | — | 2.71 |
| P/B | — | — | — | — | — | — | — | — | — | — | 2.97 |
| EV/EBITDA | — | — | — | — | — | — | — | — | — | — | -1.08 |
| Earnings yield | — | — | — | — | — | — | — | — | — | — | 36.9% |
| FCF yield | — | — | — | — | — | — | — | — | — | — | -21% |
| PEG | — | — | — | — | — | — | — | — | — | — | 0.03 |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | — | — | — | — | — | 0% |
| Net margin | — | — | — | — | — | — | — | — | — | — | 0% |
| ROE | 209.3% | -67.4% | -97.1% | -169.2% | -12% | -21% | -104.5% | -1.6K% | -30.6% | -56.3% | -110.7% |
| ROA | -472.8% | -62.8% | -82.6% | -146.5% | -11.6% | -20.2% | -94.8% | -130.8% | -20.4% | -27% | -39% |
| ROIC | — | — | — | -1.4K% | -21.1% | -46.1% | -139.5% | 98.8% | 334.7% | 161.3% | 161.3% |
| Return on tangible assets | -472.8% | -76.4% | -105.8% | -146.5% | -65% | -406.9% | -313.9% | -479.7% | -32.1% | -43.8% | -160.7% |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 0.3 | 13.2 | 5.63 | 7.54 | 46.6 | 20.1 | 9.19 | 14.4 | 12.4 | 7.4 | 7.9 |
| Quick ratio | 0.3 | 13.2 | 5.63 | 7.54 | 46.6 | 20.1 | 9.19 | 14.4 | 12.4 | 7.4 | 7.9 |
| Debt / equity | -2.55 | — | 0 | 0.03 | 0 | 0 | 0.01 | 0.05 | 0.01 | 0.01 | 0.01 |
| Debt / assets | 5.76 | — | 0 | 0.03 | 0 | 0 | 0.01 | 0 | 0.01 | 0 | 0 |
| Net debt / EBITDA | -0.32 | — | 0.92 | 0.7 | 8.31 | 2.29 | -6.02 | -1.51 | 1.38 | 1.14 | 1.32 |
| Effective tax rate | — | — | — | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 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) | -4.92 | -41.4 | -28.1 | -24.4 | -15.7 | -2.33 | -6.16 | -4.73 | -0.66 | -0.52 | -0.52 |
| EPS (diluted) | -4.92 | -41.4 | -28.1 | -24.4 | -15.7 | -2.33 | -6.16 | -4.73 | -0.66 | -0.52 | -0.9 |
| Book value per share | -14.1 | 74.9 | 29 | 14.4 | 131.3 | 11.1 | 5.89 | 0.29 | 2.43 | 0.99 | 0.89 |
| FCF per share | -25.8 | -57.5 | -23.8 | -21.1 | -10.5 | -1.95 | -1.99 | -1.61 | -0.97 | -0.76 | -0.65 |
| Cash per share | 27.6 | 66.3 | 25.9 | 13.4 | 78.7 | 5.72 | 3.95 | 2.08 | 2.89 | 1.63 | 1.09 |
| Capex per share | 0.01 | 0.03 | 0 | — | — | — | — | — | — | — | — |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Capex / operating cash flow | -0.02% | -0.06% | 0% | — | — | — | — | — | — | — | — |
| Payout ratio | — | — | — | 0% | -0.11% | — | — | — | — | — | 0% |
| FY21 | — | -$2.33 | — | — | $0 | — |
| FY20 | — | -$15.7 | — | — | $0 | — |
| FY19 | — | -$24.4 | — | — | $0 | — |
| FY18 | — | -$28.1 | — | — | $0 | — |
| FY17 | — | -$41.4 | — | — | $0 | — |
| FY16 | — | -$4.92 | — | — | $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 | 5.3M | 17.2M | 13M | 8.8M | 114.2M | 84.8M | 56.4M | 51.1M | 140.2M | 133.3M |
| Receivables | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 1.1M | 19M | 14.3M | 10M | 115.6M | 88.3M | 59.5M | 56.1M | 143.7M | 135.7M |
| Property, plant & equipment | 98K | 25K | 14K | 321K | 138K | 768K | 739K | 365K | 0 | 0 |
| Goodwill & intangibles | 0 | 3.7M | 3.7M | 0 | 162.1M | 162.1M | 64.8M | 64.8M | 64.8M | 64.8M |
| Total assets | 1.2M | 20.9M | 17M | 10.9M | 197.2M | 170.5M | 92.8M | 89.1M | 177.4M | 169M |
| Accounts payable | 338K | 418K | 689K | 329K | 1.4M | 1.8M | 2.2M | 967K | 5.8M | 3.6M |
| Short-term debt | 3.4M | — | — | 180K | 144K | 369K | 363K | 383K | 314K | 358K |
| Total current liabilities | 3.9M | 1.4M | 2.5M | 1.3M | 2.5M | 4.4M | 6.5M | 3.9M | 11.6M | 18.3M |
| Long-term debt | 3.4M | — | 0 | 144K | 0 | 400K | 383K | 0 | 640K | 283K |
| Total liabilities | 3.9M | 1.4M | 2.5M | 1.5M | 6.6M | 6.6M | 8.6M | 81.9M | 59.3M | 87.9M |
| Shareholders' equity | -2.7M | 19.5M | 14.5M | 9.5M | 190.6M | 164M | 84.2M | 7.2M | 118.1M | 81.1M |
| Total debt | 6.9M | — | 0 | 324K | 144K | 769K | 746K | 383K | 954K | 641K |
| Net debt | 5.8M | — | -13M | -8.5M | -114.1M | -84.1M | -55.7M | -4.2M | -19.6M | -22.2M |
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 | 59.6M | 51.1M | 42.9M | 83.6M | 78.2M | 140.2M | 124.9M | 107.6M | 93.4M | 133.3M | 111.1M | 88.8M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 63M | 56.1M | 48M | 87.2M | 81.5M | 143.7M | 127.7M | 111.4M | 96.3M | 135.7M | 113.6M | 93.1M |
| Property, plant & equipment | 0 | 365K | 270K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Goodwill & intangibles | 64.8M | 64.8M | 64.8M | 64.8M | 64.8M | 64.8M | 64.8M | 64.8M | 64.8M | 64.8M | 64.8M | 64.8M |
| Total assets | 96.1M | 89.1M | 80.8M | 120.5M | 114.6M | 177.4M | 161.3M | 144.9M | 129.9M | 169M | 146.7M | 126.1M |
| Accounts payable | 465K | 967K | 1.9M | 2.1M | 5.9M | 5.8M | 2.9M | 5.8M | 4.6M | 3.6M | 6.6M | 3.2M |
| Short-term debt | 396K | 383K | 284K | 269K | 186K | 314K | 325K | 336K | 346K | 358K | 369K | 381K |
| Total current liabilities | 2.9M | 3.9M | 4.2M | 6M | 12.5M | 11.6M | 9.2M | 13.7M | 14.3M | 18.3M | 13.5M | 11.8M |
| Long-term debt | 83K | 0 | — | 386K | 315K | 640K | 555K | 467K | 376K | 283K | 186K | 86K |
| Total liabilities | 4.7M | 81.9M | 6M | 129M | 38.5M | 59.3M | 46.7M | 94.6M | 94.5M | 87.9M | 101.9M | 93.1M |
| Shareholders' equity | 91.3M | 7.2M | 74.8M | -8.5M | 76.1M | 118.1M | 114.6M | 50.3M | 35.4M | 81.1M | 44.8M | 33M |
| Total debt | 479K | 383K | 284K | 655K | 501K | 954K | 880K | 803K | 722K | 641K | 555K | 467K |
| Net debt | -3.2M | -4.2M | -5.4M | -25.4M | -6.3M | -19.6M | -7.6M | -4.9M | -2.9M | -22.2M | -5.6M | -6.3M |
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 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -5.7M | -13.1M | -14.1M | -16M | -22.8M | -34.5M | -88M | -116.5M | -36.2M | -45.6M |
| Depreciation & amortization | 35K | 22K | 11K | 182K | 183K | 195K | 373K | 374K | 359K | 313K |
| Stock-based compensation | 171K | 579K | 1.5M | 1.3M | 3.2M | 7.9M | 8.2M | 6.5M | 13.1M | 10.5M |
| Change in working capital | -786K | — | 0 | -165K | -180K | -200K | 1.7M | -3M | 7.4M | 6.4M |
| Operating cash flow | -5.7M | -12.5M | -12.5M | -14.7M | -20M | -29M | -77.7M | -112.6M | -14.9M | -62.3M |
| Capital expenditure | 1K | 8K | 0 | — | — | — | — | — | — | — |
| Investing cash flow | 35.7M | 23.3M | 0 | 0 | 11M | 0 | 0 | -45.3M | -70.3M | 10.8M |
| Dividends paid | — | — | — | 0 | -25K | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 5.9M | 4.8M | 7.5M | 9.7M | 104.2M | -450K | 0 | 33M | 133.3M | 53.6M |
| Net change in cash | 35.8M | 15.5M | -5M | -5M | 95.2M | -29.4M | -77.7M | -124.9M | 48.1M | 2M |
| Free cash flow | -4.9M | -14.9M | -11.9M | -13.9M | -15.2M | -28.9M | -28.4M | -39.5M | -47.3M | -62.3M |
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 | -9.9M | -9.6M | -23.6M | -44.9M | 77M | -44.6M | -6.5M | -11.2M | -17.5M | -10.4M | -39M | -31.6M |
| Depreciation & amortization | 94K | 94K | 95K | 97K | 79K | 88K | — | — | — | 81K | — | — |
| Stock-based compensation | 1.7M | 1.7M | 1.7M | 3.1M | 1.8M | 6.6M | 2.9M | 2.7M | 2.4M | 2.5M | 2.2M | 3.2M |
| Change in working capital | -2.1M | -96K | 352K | 1.7M | 6.5M | -1.1M | -2.5M | 4.4M | 485K | 4M | -4.4M | -1.8M |
| Operating cash flow | -10.2M | -7.9M | -21.5M | -40.1M | 85.1M | -39.1M | -6M | -17.7M | -14.5M | -14.1M | -22.6M | -22.7M |
| Capital expenditure | — | — | — | — | — | — | — | — | — | — | — | — |
| Investing cash flow | -25M | 10.1M | 9.8M | -19.9M | -12.8M | -47.4M | 3.9M | 15M | 12.4M | -20.5M | 6M | 23.2M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 0 | 0 | 1K | 48.1M | 5.3M | 80M | 0 | 0 | 0 | 53.6M | — | — |
| Net change in cash | -35.2M | 2.2M | -11.7M | -12M | 77.6M | -6.5M | -2.1M | -2.8M | -2.1M | 19M | -16.7M | 560K |
| Free cash flow | -12.3M | -9.1M | -8.7M | -7.8M | -11.8M | -19M | -16.1M | -17.7M | -14.5M | -14.1M | -22.6M | -22.7M |