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 | -$0.54 | -$0.43 | +20.4% | — | — | — |
| Q2 26 | -$0.46 | -$0.65 | -41.3% | — | — | — |
| Q1 26 | -$0.44 | -$0.49 | -11.4% | — | — | — |
| Q4 25 | -$0.48 | -$0.6 | -25.0% | — | — | — |
| Q3 25 | -$0.68 | -$0.66 | +2.9% | — | — | — |
| Q2 25 | -$0.83 | -$0.87 | -4.8% | — | — | — |
| Q1 25 | -$0.87 | -$1.02 | -17.2% | — | $0 | — |
| Q3 24 | -$0.73 | -$1.39 | -90.4% | — | $0 | — |
| Q2 24 | -$0.96 | -$0.64 | +33.3% | — | $0 | — |
| Q1 24 | -$1.09 | -$1.15 | -5.5% | — | $0 | — |
| Q4 23 | -$1.03 | -$3.78 | -267.0% | — | $0 | — |
| Q3 23 | -$0.8 | -$1.27 | -58.7% | — | $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 | — | -$2.58 | — | — | $0 | — |
| FY24 | — | -$4.25 | — | — | $0 | — |
| FY23 | — | -$6.96 | — | — | $0 | — |
| FY22 | — | -$2.7 | — | — | $0 | — |
| FY21 | — | -$2.52 |
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 | 9.5M | 12.7M | 17.9M | 18.1M | 23.8M | 33.7M | 24.9M |
| Selling, general & administrative | 2.8M | 3M | 7.5M | 5.6M | 11.9M | 11.3M | 12.8M |
| Operating expenses | 12.3M | 15.7M | 25.5M | 23.7M | 35.7M | 45M | 37.3M |
| Operating income | -12.3M | -15.7M | -25.5M | -23.7M | -35.7M | -45M | -37.3M |
| Operating margin | — | — | — | — | — | — | — |
| Non-operating income, net | — | — | -53K | -943K | 1.2M | -7.2M | -1.9M |
| Pretax income | -12.3M | -15.7M | -26.4M | -28.2M | -35.2M | -51.9M | -39.6M |
| Income tax | — | — | — | — | — | 0 | 0 |
| Net income | -12.3M | -15.7M | -26.4M | -28.2M | -35.2M | -51.9M | -39.6M |
| Net margin | — | — | — | — | — | — | — |
| EBITDA | -12.2M | -15.5M | -25.2M | -22.6M | -34.2M | -46.5M | -35.4M |
| EPS | -1.5 | -1.93 | -2.52 | -2.7 | -6.96 | -4.25 | -2.58 |
| Diluted EPS | -1.5 | -1.93 | -2.52 | -2.7 | -6.96 | -4.25 | -2.58 |
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 | 7.3M | 6.2M | 7.6M | 8.2M | 7.2M | 10.7M | 7.8M | 7M | 5M | 5.1M | 6.8M | 6.8M |
| Selling, general & administrative | 3.5M | 3.2M | 2.7M | 2.7M | 3.1M | 2.8M | 3M | 3.1M | 3M | 3.8M | 3.8M | 3.6M |
| Operating expenses | 10.8M | 9.4M | 10.2M | 10.9M | 10.3M | 13.5M | 10.7M | 9.7M | 8M | 8.8M | 10.6M | 10.4M |
| Operating income | -10.8M | -9.4M | -10.2M | -10.9M | -10.3M | -13.5M | -10.7M | -9.7M | -8M | -8.8M | -10.6M | -10.4M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | -132K | 370K | -1.1M | 3.6M | -8.5M | -599K | -507K | -859K | -1.8M | 1.3M | -971K | 2.5M |
| Pretax income | -10.7M | -8.9M | -11.8M | -7.2M | -18.8M | -14M | -11.2M | -10.6M | -10.1M | -7.7M | -11.8M | -8.2M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — |
| Net income | -10.7M | -8.9M | -11.8M | -7.2M | -18.8M | -14M | -11.2M | -10.6M | -10.1M | -7.7M | -11.8M | -8.2M |
| Net margin | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -10.3M | -9M | -10.4M | -10.5M | -12.8M | -12.9M | -10.2M | -9.2M | -7.6M | -8.4M | -10.2M | -10M |
| EPS | -1.27 | — | -1.15 | -0.64 | -1.39 | — | -0.87 | -0.66 | -0.6 | — | -0.65 | -0.43 |
| Diluted EPS | -1.27 | — | -1.15 | -0.64 | -1.39 | — | -0.87 | -0.66 | -0.6 | — | -0.65 | -0.43 |
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 | — | — | — | 85M | — | — | — | 48.6M |
| Enterprise value | — | — | — | 86.3M | — | — | — | 39M |
| Shares outstanding | 8.1M | 8.1M | 10.5M | 10.5M | 5.1M | 12.2M | 15.3M | 15.3M |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | 5.75 |
| P/B | — | — | — | -0.83 | — | — | — | 5.08 |
| EV/EBITDA | — | — | — | -3.82 | — | — | — | -1.03 |
| Earnings yield | — | — | — | — | — | — | — | 17.4% |
| FCF yield | — | — | — | -26.9% | — | — | — | -45.9% |
| PEG | — | — | — | — | — | — | — | -0.16 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | — | — | 0% |
| Net margin | — | — | — | — | — | — | — | 0% |
| ROE | 35.1% | 32% | 35.4% | 27.6% | -309.5% | 458.8% | -2.4K% | -774.6% |
| ROA | -138.8% | -79.9% | -178.2% | -124.5% | -129.7% | -184.2% | -153% | -77.9% |
| ROIC | — | — | — | — | — | 1.6K% | 1.5K% | 1.5K% |
| Return on tangible assets | -138.8% | -79.9% | -178.2% | -124.5% | -129.7% | -184.2% | -153% | -120.8% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Current ratio | 4.15 | 4.67 | 0.55 | 1.56 | 1.67 | 1.8 | 2.38 | 2.77 |
| Quick ratio | 4.15 | 4.67 | 0.55 | 1.56 | 1.67 | 1.8 | 2.38 | 2.77 |
| Debt / equity | -0.02 | -0.01 | -0.16 | -0.07 | 0.61 | -2.3 | 8.87 | 1.78 |
| Debt / assets | 0.1 | 0.02 | 0.8 | 0.33 | 0.25 | 0.92 | 0.56 | 0.45 |
| Net debt / EBITDA | 0.49 | 0.94 | -0.1 | -0.06 | 0.17 | -0.18 | 0.11 | 0.26 |
| Interest coverage | — | — | -29.1 | -6.84 | -32.2 | -113.1 | -33.9 | -22.9 |
| Effective tax rate | — | — | — | — | — | 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) | -1.5 | -1.93 | -2.52 | -2.7 | -6.96 | -4.25 | -2.58 | -2.58 |
| EPS (diluted) | -1.5 | -1.93 | -2.52 | -2.7 | -6.96 | -4.25 | -2.58 | -2.15 |
| Book value per share | -4.28 | -6.03 | -7.12 | -9.76 | 2.25 | -0.93 | 0.11 | 0.36 |
| FCF per share | -1.2 | -2.07 | -2.34 | -2.18 | -6.48 | -3.04 | -2.41 | -1.96 |
| Cash per share | 0.84 | 1.84 | 0.89 | 0.59 | 2.55 | 1.44 | 1.21 | 0.89 |
| Capex per share | 0.06 | 0.02 | 0.05 | 0.06 | 0.01 | 0.01 | — | — |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Capex / operating cash flow | -4.08% | -1.42% | -2.11% | -3.22% | -0.1% | -0.16% | — | — |
| Payout ratio | — | — | — | — | — | — | — | 0% |
| — |
| — |
| $0 |
| — |
| FY20 | — | -$1.93 | — | — | $0 | — |
| FY19 | — | -$1.5 | — | — | $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 | 6.8M | 15M | 9.3M | 6.2M | 12.9M | 17.6M | 18.6M |
| Receivables | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — |
| Total current assets | 7.3M | 15.5M | 10.4M | 10.7M | 16.3M | 20.7M | 19.3M |
| Property, plant & equipment | 1.4M | 1M | 890.4K | 8.5M | 7.3M | 6.2M | 5.1M |
| Goodwill & intangibles | — | — | — | — | — | — | — |
| Total assets | 8.8M | 19.7M | 14.8M | 22.7M | 27.1M | 28.2M | 25.9M |
| Accounts payable | 529.5K | 1.7M | 1.7M | 2.8M | 4.4M | 1M | 672K |
| Short-term debt | 428.2K | 439.4K | 11.8M | 692K | 910K | 901K | 1M |
| Total current liabilities | 1.7M | 3.3M | 18.9M | 6.9M | 9.8M | 11.5M | 8.1M |
| Long-term debt | 439.4K | 0 | 0 | 6.8M | 6M | 25.1M | 13.5M |
| Total liabilities | 43.7M | 68.8M | 89.4M | 124.8M | 15.8M | 39.5M | 24.2M |
| Shareholders' equity | -34.9M | -49.1M | -74.5M | -102.1M | 11.4M | -11.3M | 1.6M |
| Total debt | 867.6K | 439.4K | 11.8M | 7.5M | 6.9M | 26M | 14.5M |
| Net debt | -5.9M | -14.5M | 2.5M | 1.3M | -6M | 8.4M | -4.1M |
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 | 14.8M | 12.9M | 11.9M | 3.4M | 26M | 17.6M | 18.4M | 22.1M | 20.6M | 18.6M | 14.9M | 23.5M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 19.9M | 16.3M | 14.1M | 6.7M | 30.6M | 20.7M | 20.9M | 22.6M | 21.5M | 19.3M | 16.2M | 25.5M |
| Property, plant & equipment | 7.5M | 7.3M | 7M | 6.7M | 6.4M | 6.2M | 5.9M | 5.6M | 5.3M | 5.1M | 4.8M | 4.5M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 31M | 27.1M | 24.5M | 15.8M | 38.4M | 28.2M | 28.1M | 29.5M | 28.3M | 25.9M | 22.7M | 31.3M |
| Accounts payable | 4.4M | 4.4M | 1.1M | 1.1M | 2M | 1M | 4M | 3.9M | 321K | 672K | 272K | 839K |
| Short-term debt | 938K | 910K | 881K | 854K | 877K | 901K | 926K | 952K | 981K | 1M | 1M | 1.1M |
| Total current liabilities | 11.5M | 9.8M | 6M | 7.6M | 9M | 11.5M | 11.4M | 9.9M | 6.5M | 8.1M | 7.2M | 9.2M |
| Long-term debt | 6.2M | 6M | 5.8M | 5.6M | 25.2M | 25.1M | 4.9M | 13.9M | 14.1M | 13.5M | 13.3M | 13.1M |
| Total liabilities | 17.7M | 15.8M | 19.6M | 17.4M | 57.4M | 39.5M | 19.2M | 27.7M | 24.5M | 24.2M | 24.1M | 23.4M |
| Shareholders' equity | 13.3M | 11.4M | 4.9M | -1.7M | -19M | -11.3M | 8.9M | 1.8M | 3.8M | 1.6M | -1.4M | 7.9M |
| Total debt | 7.2M | 6.9M | 6.7M | 6.4M | 26.1M | 26M | 5.8M | 14.9M | 15.1M | 14.5M | 14.3M | 14.1M |
| Net debt | -7.7M | -6M | -5.2M | 3M | 34K | 8.4M | -12.6M | -7.2M | -5.6M | -4.1M | -608K | -9.3M |
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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Net income | -12.3M | -15.7M | -26.4M | -28.2M | -35.2M | -51.9M | -39.6M |
| Depreciation & amortization | 108.4K | 193.4K | 251.5K | 1.1M | 1.2M | 1.2M | 1.1M |
| Stock-based compensation | 145.1K | 304.5K | 617.8K | 579K | 1.2M | 1.5M | 2.7M |
| Change in working capital | -4.5K | 1.1M | 1.7K | 2.7M | -1.5M | -3.8M | -2.4M |
| Operating cash flow | -12M | -14.1M | -24.9M | -20.3M | -33.3M | -52.2M | -37M |
| Capital expenditure | -489.1K | -199.9K | -525.4K | -654K | -32K | -84K | — |
| Investing cash flow | -489.1K | -199.9K | -525.4K | -654K | -32K | -84K | — |
| Dividends paid | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | 0 | -150K | — | — |
| Financing cash flow | 6.3M | 24.8M | 19.3M | 21.1M | 38.5M | 24.8M | 25.4M |
| Net change in cash | -6.2M | 10.6M | -6.1M | 183.2K | 5.2M | -27.4M | -11.6M |
| Free cash flow | -9.8M | -16.9M | -24.5M | -22.8M | -32.8M | -37.2M | -37M |
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 | -10.7M | -8.9M | -11.8M | -7.2M | -18.8M | -14M | -11.2M | -10.6M | -10.1M | -7.7M | -11.8M | -8.2M |
| Depreciation & amortization | 273K | 286K | 290K | 293K | 290K | 305K | 278K | 281K | 283K | 286K | 289K | 283K |
| Stock-based compensation | 339K | 337K | 324K | 350K | 314K | 464K | 517K | 710K | 698K | 772K | 868K | 935K |
| Change in working capital | 1.6M | -1.2M | -3.6M | -581K | 1.7M | -1.3M | 2.3M | -1.1M | -3.8M | 119K | -700K | 375K |
| Operating cash flow | -8.5M | -9.5M | -14.8M | -7.2M | -16.6M | -13.8M | -8M | -8.9M | -11.1M | -6.8M | -11.6M | -8.2M |
| Capital expenditure | -45K | 0 | 3K | -42K | 0 | -45K | 0 | — | — | — | — | — |
| Investing cash flow | -45K | 0 | 3K | -42K | 0 | -45K | 0 | — | — | — | — | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | 0 | 0 | — | — | 0 | — | — | — | — | — | — | — |
| Financing cash flow | 0 | 7M | 5.1M | 303K | 48K | 222K | 10M | 2M | 8.5M | -5M | 7.9M | 16.4M |
| Net change in cash | -8.5M | -2.5M | -9.7M | -6.9M | -16.5M | -13.6M | 2M | -6.9M | -2.6M | -11.8M | -3.7M | 8.3M |
| Free cash flow | -5.2M | -9.9M | -12.1M | -9M | -7.3M | -8.8M | -10.1M | -8.9M | -11.1M | -6.8M | -11.6M | -8.2M |