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 | -$0.06 | -$0.04 | +33.3% | — | $0 | — |
| Q1 26 | -$0.04 | -$0.06 | -50.0% | — | $0 | — |
| Q4 25 | -$0.06 | -$0.04 | +33.3% | — | $0 | — |
| Q3 25 | -$0.22 | -$0.06 | +72.7% | — | $0 | — |
| Q2 25 | -$0.18 | -$0.16 | +11.1% | — | $0 | — |
| Q1 25 | -$0.33 | -$0.24 | +27.3% | — | $0 | — |
| Q4 24 | -$0.31 | -$0.16 | +48.4% | — | $4.4M | — |
| Q2 24 | -$0.13 | $0.01 | +107.7% | — | $13.9M | — |
| Q1 24 | -$0.11 | -$0.08 | +27.3% | — | $10.7M | — |
| Q4 23 | -$0.11 | -$0.06 | +45.5% | — | $9.2M | — |
| Q3 23 | -$0.17 | -$0.11 | +35.3% | — | $8.9M | — |
| Q2 23 | -$0.17 | -$0.1 | +41.2% | — | $9.1M | — |
| Q1 23 | -$0.27 | -$0.11 | +59.3% | — | $8.9M | — |
| Q4 22 | -$0.03 | $0.08 | +366.7% | — | $15.8M | — |
| Q3 22 | -$0.38 | -$0.4 | -5.3% | — | $0 | — |
| Q2 22 | -$0.41 | -$0.41 | 0.0% | — | $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 | — | -$0.39 | — | — | $0 | — |
| FY24 | — | -$0.23 | — | — | $41.1M | — |
| FY23 | — | -$0.38 | — | — | $36.1M | — |
| FY22 | — | -$1.85 | — | — | $15.8M | — |
| FY21 |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $15.8M | $36.1M | $41.1M | $0 |
| YoY change | — | 0% | 0% | 0% | +InfinityT% | +129% | +13.9% | -100% |
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 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 15.8M | 36.1M | 41.1M | 0 |
| Cost of revenue | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — |
| Research & development | 4.9M | 17.6M | 19.4M | 26.4M | 37.5M | 37M | 37.4M | 12.8M |
| Selling, general & administrative | 3.7M | 9.1M | 10.2M | 11.4M | 17.2M | 13.6M | 11.9M | 10.8M |
| Operating expenses | 8.6M | 26.7M | 29.5M | 37.8M | 54.8M | 50.6M | 49.4M | 23.6M |
| Operating income | -8.6M | -26.7M | -29.5M | -37.8M | -39M | -14.5M | -8.3M | -23.6M |
| Operating margin | — | — | — | — | -247.6% | -40.2% | -20.1% | — |
| Non-operating income, net | -2.4M | 15K | 358K | -250K | -22.8M | -76K | -818K | 403K |
| Pretax income | -13.3M | -25.6M | -29.8M | -39.1M | -62.4M | -12.8M | -7.7M | -22.4M |
| Income tax | — | — | — | — | 0 | 580K | 361K | 0 |
| Net income | -13.3M | -25.6M | -29.8M | -39.1M | -62.4M | -13.3M | -8.1M | -22.4M |
| Net margin | — | — | — | — | -396.1% | -37% | -19.6% | — |
| EBITDA | -10.7M | -25.3M | -28.7M | -37.9M | -38.2M | -12.1M | -7.6M | -23.5M |
| EPS | -1.09 | -1.47 | -1.46 | -1.36 | -1.85 | -0.38 | -0.23 | -0.39 |
| Diluted EPS | -1.09 | -1.47 | -1.46 | -1.36 | -1.85 | -0.38 | -0.23 | -0.39 |
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 | 8.9M | 9.2M | 10.7M | 13.9M | 12.2M | 4.4M | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Research & development | 9M | 9.2M | 9.7M | 10.8M | 9.6M | 7.3M | 5.9M | 4.1M | 1.3M | 1.5M | 3M | 2.7M |
| Selling, general & administrative | 3.5M | 3.2M | 3.7M | 3.1M | 3.3M | 1.8M | 2.9M | 2.1M | 3.3M | 2.4M | 2.6M | 2.4M |
| Operating expenses | 12.5M | 12.4M | 13.5M | 14M | 12.8M | 9.1M | 8.9M | 6.2M | 4.6M | 4M | 5.6M | 5.2M |
| Operating income | -3.6M | -3.2M | -2.8M | -100K | -679K | -4.7M | -8.9M | -6.2M | -4.6M | -4M | -5.6M | -5.2M |
| Operating margin | -40.8% | -34.7% | -26.1% | -0.72% | -5.58% | -107% | — | — | — | — | — | — |
| Non-operating income, net | -142K | 357K | -382K | 197K | 341K | -974K | 43K | 367K | 110K | -116K | -10K | -47K |
| Pretax income | -3.2M | -2.3M | -2.7M | 468K | -7K | -5.4M | -8.7M | -5.7M | -4.2M | -3.8M | -5.3M | -4.7M |
| Income tax | 496K | 16K | 0 | 0 | 0 | 361K | — | — | — | — | — | — |
| Net income | -3.7M | -2.3M | -2.7M | 468K | -7K | -5.8M | -8.7M | -5.7M | -4.2M | -3.8M | -5.3M | -4.7M |
| Net margin | -41.8% | -25.4% | -25.6% | 3.38% | -0.06% | -131.9% | — | — | — | — | — | — |
| EBITDA | -3.2M | -2.3M | -2.7M | 503K | 28K | -5.4M | -8.8M | -6.2M | -4.5M | -3.9M | -5.6M | -5.1M |
| EPS | -0.11 | -0.07 | -0.08 | 0.01 | -0 | -0.16 | -0.24 | -0.16 | -0.06 | -0.04 | -0.06 | -0.04 |
| Diluted EPS | -0.11 | -0.07 | -0.08 | 0.01 | -0 | -0.16 | -0.24 | -0.16 | -0.06 | -0.04 | -0.06 | -0.04 |
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 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| Market cap | — | — | — | — | — | — | — | — | — | 106.5M |
| Enterprise value | — | — | — | — | — | — | — | — | — | 49.3M |
| Shares outstanding | — | 12.2M | 17.4M | 20.4M | 28.8M | 33.7M | 34.7M | 35.4M | 57.3M | 57.3M |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | — | — | -4.32 |
| P/B | — | — | — | — | — | — | — | — | — | 1.89 |
| EV/EBITDA | — | — | — | — | — | — | — | — | — | -2.57 |
| Earnings yield | — | — | — | — | — | — | — | — | — | -23.1% |
| FCF yield | — | — | — | — | — | — | — | — | — | -13.4% |
| PEG | — | — | — | — | — | — | — | — | — | 0.06 |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | -247.6% | -40.2% | -20.1% | — | 0% |
| Net margin | — | — | — | — | — | -396.1% | -37% | -19.6% | — | 0% |
| ROE | — | -20.4% | -61.2% | -42.7% | -58.7% | -195.4% | -59.1% | -42.3% | -78.3% | -59% |
| ROA | — | -19.7% | -46.1% | -34.9% | -45.7% | -79.6% | -26.4% | -31.5% | -70.2% | -34% |
| ROIC | — | — | — | — | — | 135.1% | 83.1% | 264.2% | 2.5K% | 2.5K% |
| Return on tangible assets | — | -19.7% | -46.1% | -34.9% | -45.7% | -79.6% | -26.4% | -31.5% | -70.2% | -30.7% |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | — | 33.1 | 14.3 | 11.8 | 9.35 | 2.4 | 1.79 | 3.93 | 10.6 | 23.4 |
| Quick ratio | — | 33.1 | 14.3 | 11.8 | 9.35 | 2.4 | 1.79 | 3.93 | 10.6 | 23.4 |
| Debt / equity | — | — | 0.23 | 0.14 | 0.18 | 0.32 | 0.04 | 0.02 | 0.03 | 0.01 |
| Debt / assets | — | — | 0.17 | 0.12 | 0.14 | 0.13 | 0.02 | 0.01 | 0.02 | 0.01 |
| Net debt / EBITDA | — | — | 1.72 | 2.52 | 1.82 | 1.59 | 3.3 | 2.93 | 1.26 | 2.95 |
| Interest coverage | — | -4.18 | -90.8 | -26.1 | -35.4 | -58.3 | -25 | — | — | — |
| Effective tax rate | — | — | — | — | — | 0% | 0% | 0% | 0% | 0% |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | — | 0 | 0 | 0 | 0 | 0.47 | 1.04 | 1.16 | 0 | 0 |
| EPS (basic) | — | -1.09 | -1.47 | -1.46 | -1.36 | -1.85 | -0.38 | -0.23 | -0.39 | -0.39 |
| EPS (diluted) | — | -1.09 | -1.47 | -1.46 | -1.36 | -1.85 | -0.38 | -0.23 | -0.39 | -0.09 |
| Book value per share | — | 5.33 | 2.41 | 3.43 | 2.31 | 0.95 | 0.65 | 0.54 | 0.5 | 0.88 |
| FCF per share | — | -0.62 | -1.32 | -1.22 | -1.12 | -0.27 | -0.63 | -0.54 | -0.4 | -0.18 |
| Cash per share | — | 5.41 | 3.06 | 4.04 | 2.8 | 2.11 | 1.18 | 0.64 | 0.53 | 0.9 |
| Capex per share | — | 0 | 0 | 0.01 | 0 | 0.01 | 0 | 0 | — | — |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| Capex / revenue | — | — | — | — | — | 1.77% | 0.14% | 0.21% | — | — |
| Capex / operating cash flow | — | -0.5% | -0.33% | -0.82% | -0.16% | -2.97% | -0.27% | -0.47% | — | — |
| Payout ratio | — | — | — | — | — | — | — | — | — | 0% |
| — |
| -$1.36 |
| — |
| — |
| $0 |
| — |
| FY20 | — | -$1.46 | — | — | $0 | — |
| FY19 | — | -$1.47 | — | — | $0 | — |
| FY18 | — | -$1.09 | — | — | $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 | $8.9M | $9.2M | $10.7M | $13.9M | $12.2M | $4.4M | $0 | $0 | $0 | $0 | $0 | $0 |
| YoY change | +InfinityT% | -41.6% | +20.4% | +51.8% | +37.1% | -52.3% | -100% | -100% | -100% | -100% | 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 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 7.1M | 65.9M | 53.1M | 82.2M | 80.7M | 71M | 40.9M | 22.6M | 30.3M |
| Receivables | — | — | — | — | 0 | 2.8M | 3.7M | 0 | — |
| Inventory | — | — | — | — | — | — | — | — | — |
| Total current assets | 7.1M | 67.1M | 55.4M | 85.2M | 83.4M | 76.7M | 49.3M | 25M | 31M |
| Property, plant & equipment | 2.1K | 64K | 93K | 239K | 1.9M | 1.6M | 1.1M | 626K | 822K |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — |
| Total assets | 7.2M | 67.2M | 55.5M | 85.4M | 85.4M | 78.4M | 50.5M | 25.6M | 31.9M |
| Accounts payable | 243.7K | 1.1M | 1.9M | 2.8M | 1.2M | 4M | 4.7M | 2.7M | 755K |
| Short-term debt | — | — | — | 1.7M | 1.8M | 6.1M | 440K | 197K | 363K |
| Total current liabilities | 568.8K | 2M | 3.9M | 7.2M | 8.9M | 32M | 27.6M | 6.4M | 2.9M |
| Long-term debt | 8.1M | — | 9.7M | 8.3M | 10M | 4.1M | 384K | 187K | 356K |
| Total liabilities | 9.4M | 2.2M | 13.7M | 15.6M | 18.9M | 46.5M | 28M | 6.5M | 3.3M |
| Shareholders' equity | -2.3M | 64.9M | 41.8M | 69.9M | 66.5M | 31.9M | 22.6M | 19.1M | 28.6M |
| Total debt | 8.1M | — | 9.7M | 9.9M | 11.8M | 10.2M | 824K | 384K | 719K |
| Net debt | 955.3K | — | -3.5M | -14M | -38.6M | -48.9M | -22.4M | -17.7M | -29.6M |
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 | 46.3M | 40.9M | 32.3M | 33.3M | 25.9M | 22.6M | 14.5M | 11.5M | 33.1M | 30.3M | 61.3M | 57.2M |
| Receivables | 3.8M | 3.7M | 5M | 5.9M | — | 0 | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 53.9M | 49.3M | 42.5M | 41.9M | 33.6M | 25M | 16.2M | 12M | 33.6M | 31M | 62.3M | 58M |
| Property, plant & equipment | 1.2M | 1.1M | 1.1M | 921K | 766K | 626K | 513K | 447K | 927K | 822K | 781K | 663K |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 55.2M | 50.5M | 43.6M | 42.9M | 34.5M | 25.6M | 16.7M | 12.4M | 34.5M | 31.9M | 63.1M | 58.7M |
| Accounts payable | 3.6M | 4.7M | 2.8M | 4.5M | 3.7M | 2.7M | 3.1M | 4.8M | 1.1M | 755K | 1.3M | 850K |
| Short-term debt | 428K | 440K | 424K | 350K | 274K | 197K | 146K | 150K | 272K | 363K | 441K | 412K |
| Total current liabilities | 28.2M | 27.6M | 22.2M | 20.2M | 11.1M | 6.4M | 6M | 7.2M | 3.1M | 2.9M | 3.3M | 2.5M |
| Long-term debt | 498K | 384K | 295K | 259K | 223K | 187K | 149K | 109K | 473K | 356K | 251K | 172K |
| Total liabilities | 31.1M | 28M | 22.5M | 20.4M | 11.3M | 6.5M | 6.2M | 7.3M | 3.6M | 3.3M | 3.6M | 2.6M |
| Shareholders' equity | 24.1M | 22.6M | 21.1M | 22.4M | 23.2M | 19.1M | 10.6M | 5.1M | 30.9M | 28.6M | 59.5M | 56M |
| Total debt | 926K | 824K | 719K | 609K | 497K | 384K | 295K | 259K | 745K | 719K | 692K | 584K |
| Net debt | -33.5M | -22.4M | -10.8M | -10.4M | -15M | -17.7M | -14.2M | -11.2M | -32.4M | -29.6M | -60.6M | -56.6M |
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 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Net income | -13.3M | -25.6M | -29.8M | -39.1M | -62.4M | -13.3M | -8.1M | -22.4M |
| Depreciation & amortization | 6K | 23K | 45K | 72K | 118K | 126K | 137K | 116K |
| Stock-based compensation | 442K | 2.3M | 3.8M | 4.4M | 4.8M | 4M | 3.8M | 2.3M |
| Change in working capital | 843K | 775K | 894K | -1.7M | -255K | -187K | 1.7M | -1.9M |
| Operating cash flow | -7M | -22.5M | -24.7M | -36M | -9.4M | -18.6M | -18.2M | -22.7M |
| Capital expenditure | -35K | -74K | -202K | -57K | -279K | -50K | -85K | — |
| Investing cash flow | -37.4M | -2.2M | -18.6M | 27.4M | 18.7M | -4.8M | 13.8M | 4.5M |
| Dividends paid | — | — | — | — | — | — | — | — |
| Share repurchases | 0 | -156K | — | — | 0 | -260K | 0 | — |
| Financing cash flow | 66.1M | 9.7M | 53.8M | 29.9M | -1.4M | -9.4M | 0 | 682K |
| Net change in cash | 21.7M | -14.9M | 10.5M | 21.3M | 7.9M | -32.7M | -4.4M | -17.6M |
| Free cash flow | -7.6M | -23M | -24.8M | -32.1M | -9M | -21.8M | -19.1M | -22.8M |
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 | 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 | -3.7M | -2.3M | -2.7M | 468K | -7K | -5.8M | -8.7M | -5.7M | -4.2M | -3.8M | -5.3M | -4.7M |
| Depreciation & amortization | 31K | 33K | 32K | 35K | 35K | 35K | 33K | 32K | 28K | 23K | 24K | 26K |
| Stock-based compensation | 979K | 1M | 972K | 952K | 1M | 821K | 621K | 563K | 401K | 737K | 930K | 1.1M |
| Change in working capital | 552K | 1.1M | -3.3M | 903K | 49K | 4.1M | 377K | 1.7M | -4.1M | 36K | 498K | -362K |
| Operating cash flow | -4.1M | -2.7M | -7.4M | -2.6M | -5.3M | -3M | -7.6M | -3M | -8.4M | -3.1M | -4.3M | -4.1M |
| Capital expenditure | -15K | -35K | -19K | -62K | 0 | -4K | -4K | — | — | — | — | — |
| Investing cash flow | 11M | -5.6M | -2.8M | -1.4M | 12M | 6M | 4.5M | 0 | 0 | 0 | 0 | 0 |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | 0 | — | — | — | 0 | — | — | — | — | — | — |
| Financing cash flow | 0 | 0 | 0 | 0 | 0 | 0 | 53K | -16K | 28.9M | -28.2M | 34.9M | -34.9M |
| Net change in cash | 6.9M | -8.2M | -10.2M | -3.9M | 6.7M | 3M | -3.1M | -3M | 20.4M | -31.4M | 30.6M | -39M |
| Free cash flow | -1.9M | -5.7M | -8.8M | 668K | -7.7M | -3.3M | -8.2M | -3M | -8.4M | -3.2M | -4.3M | -4.2M |