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 % |
|---|---|---|---|---|---|---|
| Q4 23 | -$1.97 | -$1.31 | +33.5% | — | — | — |
| Q3 23 | -$1.54 | -$1.96 | -27.3% | — | — | — |
| Q2 23 | -$28.1 | -$31.7 | -12.9% | — | — | — |
| Q1 23 | -$32.7 | -$33.5 | -2.7% | — | $0 | — |
| Q3 22 | -$4.4 | -$3.6 | +18.2% | — | — | — |
| Q2 22 | -$4.13 | -$4.8 | -16.2% | — | — | — |
| Q1 22 | -$3.7 | -$5.2 | -40.5% | — | — | — |
| Q4 21 | -$4.8 | -$5.6 | -16.7% | — | — | — |
| Q3 21 | -$5.4 | -$4.4 | +18.5% | — | — | — |
| Q2 21 | -$5.5 | -$8 | -45.5% | — | — | — |
| Q1 21 | -$6.4 | -$8.8 | -37.5% | — | — | — |
| Q4 20 | -$8.6 | -$6 | +30.2% | — | — | — |
| Q3 20 | -$7.78 | -$6.4 | +17.7% | — | — | — |
| Q2 20 | -$91.1 | -$88 | +3.4% | — | — | — |
| Q1 20 | -$11.9 | -$8 | +33.0% | — | — | — |
| Q4 19 | -$13 | -$11.6 | +10.9% | — | — | — |
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 | — | -$5.39 | — | — | $0 | — |
| FY24 | — | -$9.24 | — | — | $6.4M | — |
| FY23 | — | -$6.63 | — | — | $0 | — |
| FY22 | — | -$16.6 | — | — | $0 | — |
| FY21 | — | -$38 | — |
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 | $6.4M | $0 |
| YoY change | — | 0% | 0% | 0% | +InfinityT% | -100% |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | Q1 23 | Q2 23 | Q3 23 | Q1 25 | Q2 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|
| Revenue |
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 | 6.4M | 0 |
| Cost of revenue | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — |
| Research & development | 14.6M | 45.6M | 23.7M | 8.6M | 3.6M | 3.1M |
| Selling, general & administrative | 14.8M | 20.4M | 10.7M | 8.7M | 5.3M | 3.4M |
| Operating expenses | 29.4M | 66M | 34.4M | 17.3M | 8.8M | 6.4M |
| Operating income | -29.4M | -66M | -34.4M | -17.3M | -2.5M | -6.4M |
| Operating margin | — | — | — | — | -38.8% | — |
| Non-operating income, net | -4.1M | 542K | 29K | 1.1M | 442K | 1.3M |
| Pretax income | -34.6M | -66.7M | -36.1M | -17.1M | -3.1M | -6M |
| Income tax | 0 | — | — | — | — | — |
| Net income | -34.6M | -66.7M | -36.1M | -17.1M | -3.1M | -6M |
| Net margin | — | — | — | — | -49.4% | — |
| EBITDA | -28.5M | -65M | -33.4M | -16.5M | -2.2M | -6.3M |
| EPS | -34.4 | -38 | -16.6 | -6.63 | -9.24 | -5.39 |
| Diluted EPS | -34.4 | -38 | -16.6 | -6.63 | -9.24 | -5.39 |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | Q1 23 | Q2 23 | Q3 23 | Q1 25 | Q2 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — |
| Research & development | 3.5M | 2.3M | 1.3M | 510K | 898K | 1.7M | 2.8M |
| Selling, general & administrative | 2M | 1.8M | 2.4M | 712K | 684K | 2.1M | 1.6M |
| Operating expenses | 5.5M | 4.1M | 3.6M | 1.2M | 1.6M | 3.8M | 4.5M |
| Operating income | -5.5M | -4.1M | -3.6M | -1.2M | -1.6M | -3.8M | -4.5M |
| Operating margin | — | — | — | — | — | — | — |
| Non-operating income, net | -430K | -28K | 260K | -9K | -4K | 47K | -85K |
| Pretax income | -6.2M | -4.3M | -3.6M | -1.7M | -1.9M | -3.8M | -4.5M |
| Income tax | — | — | — | — | — | — | — |
| Net income | -6.2M | -4.3M | -3.6M | -1.7M | -1.9M | -3.8M | -4.5M |
| Net margin | — | — | — | — | — | — | — |
| EBITDA | -5.1M | -3.9M | -3.7M | -1.2M | -1.6M | -3.8M | -4.4M |
| EPS | -2.88 | -1.96 | -1.31 | -4.95 | -5.45 | -0.88 | -0.66 |
| Diluted EPS | -2.88 | -1.96 | -1.31 | -4.95 | -5.45 | -0.88 | -0.66 |
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 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Market cap | — | — | 1.8B | — | — | — | — | — | 51.5M |
| Enterprise value | — | — | 1.7B | — | — | — | — | — | 10.5M |
| Shares outstanding | — | — | 1M | 1.7M | 2.2M | 2.6M | 341.7K | 1.1M | 1.1M |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | — | 4.27 |
| P/B | — | — | 171.7 | — | — | — | — | — | 1.31 |
| EV/EBITDA | — | — | -61.1 | — | — | — | — | — | -1.68 |
| Earnings yield | — | — | — | — | — | — | — | — | 23.4% |
| FCF yield | — | — | -1.6% | — | — | — | — | — | -11.6% |
| PEG | — | — | — | — | — | — | — | — | -0.09 |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | — | -38.8% | — | 0% |
| Net margin | — | — | — | — | — | — | -49.4% | — | 0% |
| ROE | — | — | -338% | -298.1% | 338.3% | 75.5% | 12.9% | 50.3% | 50.3% |
| ROA | — | — | -130.6% | -147.8% | -170.7% | -996.1% | -105.6% | -113.8% | -113.8% |
| ROIC | — | — | 1.2K% | — | — | — | — | — | — |
| Return on tangible assets | — | — | -130.6% | -147.8% | -170.7% | -996.1% | -105.6% | -113.8% | -18.7% |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Current ratio | — | — | 2.63 | 4.37 | 0.87 | 0.07 | 0.11 | 0.31 | 3.74 |
| Quick ratio | — | — | 2.63 | 4.37 | 0.87 | 0.07 | 0.11 | 0.31 | 3.74 |
| Debt / equity | — | — | 1.18 | 0.6 | -1.26 | -0.18 | -0.27 | -0.08 | 0.25 |
| Debt / assets | — | — | 0.45 | 0.3 | 0.63 | 2.32 | 2.19 | 0.19 | 0.19 |
| Net debt / EBITDA | — | — | 0.44 | 0.44 | 0.17 | -0.17 | -2.88 | 0.6 | 0.6 |
| Interest coverage | — | — | -23.5 | -52 | -17.5 | -13.8 | -1.75 | -4.71 | -13.3 |
| Effective tax rate | — | — | 0% | — | — | — | — | — | — |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | — | — | 0 | 0 | 0 | 0 | 18.6 | 0 | 0 |
| EPS (basic) | — | — | -34.4 | -38 | -16.6 | -6.63 | -9.24 | -5.39 | -5.39 |
| EPS (diluted) | — | — | -34.4 | -38 | -16.6 | -6.63 | -9.24 | -5.39 | 3.52 |
| Book value per share | — | — | 10.2 | 12.8 | -4.92 | -8.79 | -71.2 | -10.6 | 11.5 |
| FCF per share | — | — | -28.1 | -20.1 | -14.7 | -5.58 | -13.8 | -5.64 | -1.59 |
| Cash per share | — | — | 24.6 | 24.2 | 8.87 | 0.44 | 0.32 | 4.26 | 15.3 |
| Capex per share | — | — | 0 | 0.05 | 0.03 | 0.12 | — | — | — |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Capex / operating cash flow | — | — | 0% | -0.25% | -0.21% | -2.61% | — | — | — |
| Payout ratio | — | — | — | — | — | — | — | — | 0% |
| — |
| $0 |
| — |
| FY20 | — | -$34.4 | — | — | $0 | — |
| $0 |
| $0 |
| $0 |
| $0 |
| $0 |
| $0 |
| $0 |
| YoY change | — | — | — | — | — | 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 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 48.6M | 56.3M | 24.7M | 42.3M | 19.2M | 1.1M | 111K | 4.8M |
| Receivables | — | — | — | — | — | 0 | 2.4M | 0 |
| Inventory | — | — | — | — | — | — | — | — |
| Total current assets | 50.3M | 57.7M | 25.9M | 43.5M | 20.1M | 1.5M | 3M | 5.3M |
| Property, plant & equipment | 496K | 1.1M | 554K | 1.7M | 994K | 164K | 0 | 0 |
| Goodwill & intangibles | — | — | — | — | — | — | — | — |
| Total assets | 50.7M | 58.9M | 26.5M | 45.1M | 21.1M | 1.7M | 3M | 5.3M |
| Accounts payable | 747K | 1.9M | 481K | 1.4M | 3M | 5.7M | 5.3M | 2.7M |
| Short-term debt | — | 4.8M | 5.6M | 657K | 4.7M | 2.4M | 6.5M | 1M |
| Total current liabilities | 747K | 11.8M | 9.8M | 10M | 23.1M | 22.7M | 27.3M | 17.2M |
| Long-term debt | — | 10.9M | 6.4M | 12.8M | 8.7M | 1.6M | 0 | 0 |
| Total liabilities | 747K | 22.7M | 16.2M | 22.8M | 31.8M | 24.3M | 27.3M | 17.2M |
| Shareholders' equity | -85.8M | 36.2M | 10.2M | 22.4M | -10.7M | -22.6M | -24.3M | -11.9M |
| Total debt | — | 15.8M | 12M | 13.5M | 13.4M | 4M | 6.5M | 1M |
| Net debt | — | -6.7M | -12.6M | -28.8M | -5.8M | 2.8M | 6.4M | -3.8M |
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 | Q1 23 | Q2 23 | Q3 23 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|
| Cash & short-term investments | 4.9M | 4.3M | 4.8M | 6.4M | 62M |
| Receivables | — | — | — | — | — |
| Inventory | — | — | — | — | — |
| Total current assets | 6.4M | 5.4M | 5.6M | 8.5M | 63.4M |
| Property, plant & equipment | 797K | 611K | 413K | — | — |
| Goodwill & intangibles | — | — | — | — | — |
| Total assets | 7.2M | 6M | 6M | 8.5M | 63.4M |
| Accounts payable | 2.4M | 3.1M | 3.1M | 3M | 3M |
| Short-term debt | 2.2M | 2.8M | 3.1M | — | — |
| Total current liabilities | 19.5M | 21.3M | 23.5M | 16.1M | 17M |
| Long-term debt | 4M | 3.3M | 2.6M | — | — |
| Total liabilities | 23.5M | 24.6M | 26.1M | 16.1M | 17M |
| Shareholders' equity | -16.3M | -18.6M | -20M | -7.6M | 46.4M |
| Total debt | 6.2M | 6.1M | 5.8M | — | — |
| Net debt | 1.3M | 1.8M | 983K | — | — |
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 | -34.6M | -66.7M | -36.1M | -17.1M | -3.1M | -6M |
| Depreciation & amortization | 571K | 960K | 695K | 809K | 164K | 0 |
| Stock-based compensation | 8.7M | 9.2M | 3M | 2M | 541K | 235K |
| Change in working capital | -1.9M | -1.1M | 1M | 2M | -3.2M | 81K |
| Operating cash flow | -26.7M | -35.7M | -30.8M | -11.8M | -4.7M | -6.3M |
| Capital expenditure | 0 | -89K | -66K | 309K | — | — |
| Investing cash flow | 33.8M | 2.1M | -66K | 309K | — | — |
| Dividends paid | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — |
| Financing cash flow | -3.5M | 50.8M | 8.8M | -4.1M | 3.4M | 1.3M |
| Net change in cash | 3.6M | 17.2M | -22M | -15.6M | -1.3M | -5M |
| Free cash flow | -28.2M | -35.1M | -31.9M | -14.3M | -4.7M | -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 | Q1 23 | Q2 23 | Q3 23 | Q1 25 | Q2 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|
| Net income | -6.2M | -4.3M | -3.6M | -1.7M | -1.9M | -3.8M | -4.5M |
| Depreciation & amortization | 186K | 185K | 188K | — | — | — | — |
| Stock-based compensation | 597K | 610K | 418K | 20K | 16K | 46K | 95K |
| Change in working capital | -760K | 510K | -146K | 2.3M | -89K | 315K | -782K |
| Operating cash flow | -6.1M | -3M | -2.9M | 1.2M | -1.8M | -5.5M | -4.8M |
| Capital expenditure | 11K | 14K | 233K | — | — | — | — |
| Investing cash flow | 11K | 14K | 233K | — | — | — | — |
| Dividends paid | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — |
| Financing cash flow | -7.5M | 0 | 3.2M | -865K | 1.9M | 0 | 0 |
| Net change in cash | -13.6M | -3M | 621K | 339K | 122K | -5.5M | -4.8M |
| Free cash flow | -6.8M | -2.1M | -3.5M | 1.2M | -1.8M | -5.5M | -4.8M |