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 | -$0.01 | -$0.01 | 0.0% | — | $0 | — |
| Q1 26 | -$0.01 | -$0.01 | 0.0% | — | $0 | — |
| Q4 25 | -$0.01 | -$0.01 | 0.0% | — | $0 | — |
| Q3 25 | -$0.01 | $0.01 | +200.0% | — | $7.5M | — |
| Q2 25 | -$0.58 | -$1 | -72.4% | — | $37K | — |
| Q1 25 | -$0.7 | -$0.5 | +28.6% | — | $0 | — |
| Q3 24 | -$0.6 | -$0.2 | +66.7% | — | $3M | — |
| Q2 24 | -$3.5 | -$6 | -71.4% | — | $154K | — |
| Q1 24 | -$4.95 | $1.5 | +130.3% | — | $51K | — |
| Q4 23 | -$8 | -$8 | 0.0% | — | $73K | — |
| Q3 23 | -$0.19 | -$0.21 | -10.5% | — | $0 | — |
| Q2 23 | -$10.8 | -$10.5 | +2.3% | — | $0 | — |
| Q1 23 | -$12 | -$12 | 0.0% | — | $0 | — |
| Q3 22 | -$13.3 | -$12 | +10.0% | — | $0 | — |
| Q2 22 | -$15 | -$10 | +33.3% | — | $0 | — |
| Q1 22 | -$14.8 | -$12.5 | +15.3% | — | $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 | — | — | $7.5M | — |
| FY24 | — | -$10 | — | — | $3.3M | — |
| FY23 | — | -$8.1 | — | — | $73K | — |
| FY22 | — | -$9.8 | — | — | $0 | — |
| 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 | $0 | $73K | $3.3M | $7.5M |
| YoY change | — | 0% | 0% | 0% | 0% | +InfinityT% | +4.5K% | +125.1% |
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 | 0 | 73K | 3.3M | 7.5M |
| Cost of revenue | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — |
| Research & development | 3.7M | 8.2M | 10.9M | 19.6M | 17.1M | 11.9M | 10.5M | 10M |
| Selling, general & administrative | 1.9M | 2.6M | 5.7M | 6.2M | 8.1M | 10.1M | 7.3M | 6.5M |
| Operating expenses | 5.6M | 10.8M | 16.6M | 25.8M | 25.1M | 22M | 17.8M | 16.5M |
| Operating income | -5.6M | -10.9M | -16.6M | -25.8M | -25.3M | -22.2M | -14.7M | -9.2M |
| Operating margin | — | — | — | — | — | -30.4K% | -440.6% | -122.7% |
| Non-operating income, net | 53K | 56K | 22K | 1.3M | 2.1M | 25K | 4.1M | -1.4M |
| Pretax income | -6.3M | -12M | -16.6M | -24.7M | -23.9M | -22.9M | -11.4M | -8.6M |
| Income tax | -735K | -825K | -1.6M | -178K | -772K | -790K | -788K | -908K |
| Net income | -5.5M | -11.2M | -15M | -24.5M | -23.2M | -22.1M | -10.6M | -7.7M |
| Net margin | — | — | — | — | — | -30.3K% | -316% | -102.4% |
| EBITDA | -5.6M | -10.8M | -16.5M | -25.5M | -24.7M | -21.4M | -13.9M | -5.8M |
| EPS | -2.88 | -5.83 | -9.27 | -12.6 | -9.8 | -8.1 | -10 | -1 |
| Diluted EPS | -2.88 | -5.83 | -9.27 | -12.6 | -9.8 | -8.1 | -10 | -1 |
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 | 73K | 51K | 154K | 3M | 122K | 0 | 37K | 7.5M | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Research & development | 2.8M | 2.3M | 2.8M | 2.8M | 2.6M | 2.3M | 2.2M | 2.2M | 3.1M | 2.6M | 2.3M | 2.3M |
| Selling, general & administrative | 2.9M | 1.9M | 1.6M | 2M | 2.1M | 1.6M | 1.7M | 2.2M | 1.4M | 1.2M | 1.5M | 1.5M |
| Operating expenses | 5.8M | 4.2M | 4.4M | 4.7M | 4.7M | 3.8M | 3.9M | 4.4M | 4.5M | 3.8M | 3.8M | 3.8M |
| Operating income | -5.8M | -4.4M | -4.4M | -4.6M | -1.7M | -4M | -3.9M | -4.3M | 3M | -4.1M | -3.8M | -3.8M |
| Operating margin | — | -6K% | -8.6K% | -3K% | -57.4% | -3.3K% | — | -11.7K% | 40.3% | — | — | — |
| Non-operating income, net | — | — | — | -1.6M | — | — | — | -475K | — | — | — | 43K |
| Pretax income | -5.9M | -4.7M | 976K | -6.4M | -2M | -3.9M | -1.8M | -5M | 4.4M | -6.2M | -3.8M | -3.9M |
| Income tax | -194K | -177K | -218K | -199K | -96K | -275K | -192K | -195K | -265K | -256K | -216K | -204K |
| Net income | -5.7M | -4.5M | 1.2M | -6.2M | -1.9M | -3.6M | -1.6M | -4.8M | 4.6M | -5.9M | -3.6M | -3.7M |
| Net margin | — | -6.2K% | 2.3K% | -4K% | -64.1% | -3K% | — | -13.1K% | 61.6% | — | — | — |
| EBITDA | -5.7M | -4.6M | 1.2M | -4.5M | -1.6M | -5.6M | -1.4M | -4.3M | 5.7M | -8.3M | -3.5M | -3.8M |
| EPS | -2.1 | — | 1.5 | -6 | -2 | -3.5 | -0.5 | -1 | 0.5 | -1 | -0.5 | -0.5 |
| Diluted EPS | -2.1 | — | 1.5 | -6 | -2 | -3.5 | -0.5 | -1 | 0.5 | -1 | -0.5 | -0.5 |
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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Shares outstanding | — | 1.9M | 1.9M | 1.6M | 1.9M | 2.4M | 2.7M | 1.1M | 6.4M | 6.4M |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | — | -30.4K% | -440.6% | -122.7% | -122.7% |
| Net margin | — | — | — | — | — | — | -30.3K% | -316% | -102.4% | -102.4% |
| ROE | — | 594.5% | -119.6% | -213.4% | -75.6% | -279% | 466.9% | 639.6% | -45.2% | -45.2% |
| ROA | — | -65% | -101% | -125.5% | -61.1% | -105.2% | -171.7% | -84.6% | -27.1% | -27.1% |
| ROIC | — | -1.9K% | 6.7K% | -1.4K% | -652.2% | -470.1% | -4.1K% | -433.7% | -705.4% | -705.4% |
| Return on tangible assets | — | -65% | -101% | -126.6% | -61.2% | -105.2% | -171.7% | -84.6% | -27.1% | -27.1% |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | — | 0.89 | 6.36 | 2.22 | 8.03 | 4.51 | 1.18 | 2.01 | 5.85 | 5.85 |
| Quick ratio | — | 0.89 | 6.36 | 2.22 | 8.03 | 4.51 | 1.18 | 2.01 | 5.85 | 5.85 |
| Debt / equity | — | -9.31 | 0 | 0 | 0.11 | 1.24 | -2.29 | -6.11 | 0.44 | 0.44 |
| Debt / assets | — | 1.02 | 0 | 0 | 0.09 | 0.47 | 0.84 | 0.81 | 0.26 | 0.26 |
| Net debt / EBITDA | — | -0.22 | 0.88 | 0.35 | 1.12 | 0.12 | -0.25 | -0.36 | 2.73 | 2.73 |
| Interest coverage | — | -7.98 | -8.84 | -570.6 | -154.4 | -29 | -24.5 | -10.8 | -8.83 | -8.83 |
| Effective tax rate | — | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | — | 0 | 0 | 0 | 0 | 0 | 0.03 | 3.12 | 1.17 | 1.17 |
| EPS (basic) | — | -2.88 | -5.83 | -9.27 | -12.6 | -9.8 | -8.1 | -10 | -1 | -1 |
| EPS (diluted) | — | -2.88 | -5.83 | -9.27 | -12.6 | -9.8 | -8.1 | -10 | -1 | -1 |
| Book value per share | — | -0.48 | 4.88 | 4.34 | 16.6 | 3.51 | -1.73 | -1.54 | 2.66 | 2.66 |
| FCF per share | — | -1.04 | -3.69 | -7.92 | -11.9 | -11 | -6.5 | -12.1 | -1.04 | -1.04 |
| Cash per share | — | 3.87 | 4.98 | 3.6 | 16.5 | 5.58 | 2.04 | 4.71 | 3.63 | 3.63 |
| Capex per share | — | 0 | 0.04 | 0.22 | 0.67 | 0.12 | 0.03 | 0 | — | — |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| Capex / revenue | — | — | — | — | — | — | 119.2% | 0% | — | — |
| Capex / operating cash flow | — | -0.17% | -0.73% | -2.53% | -5.71% | -1.16% | -0.46% | 0% | — | — |
| -$12.6 |
| — |
| — |
| $0 |
| — |
| FY20 | — | -$9.27 | — | — | $0 | — |
| FY19 | — | -$5.83 | — | — | $0 | — |
| FY18 | — | -$2.88 | — | — | $0 | — |
| Period |
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| Q3 23 |
|---|
| Q4 23 |
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| Q1 24 |
|---|
| Q2 24 |
|---|
| Q3 24 |
|---|
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $0 | $73K | $51K | $154K | $3M | $122K | $0 | $37K | $7.5M | $0 | $0 | $0 |
| YoY change | 0% | +InfinityT% | +InfinityT% | +InfinityT% | +InfinityT% | +67.1% | -100% | -76% | +148.3% | -100% | 0% | -100% |
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 | 468K | 7.4M | 9.6M | 5.8M | 32.2M | 13.2M | 5.6M | 5.1M | 23.2M |
| Receivables | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — |
| Total current assets | 2.7M | 8.4M | 11M | 10.9M | 34.7M | 17M | 8.3M | 8.8M | 24.9M |
| Property, plant & equipment | 245K | 148K | 151K | 459K | 5.2M | 4.7M | 4.3M | 3.5M | 3.3M |
| Goodwill & intangibles | — | — | 0 | 100K | 93K | 0 | — | — | — |
| Total assets | 2.9M | 8.5M | 11.1M | 12M | 40.2M | 22M | 12.9M | 12.5M | 28.4M |
| Accounts payable | 59K | 139K | 646K | 3.7M | 2.8M | 2.1M | 2.7M | 3M | 2.2M |
| Short-term debt | 66K | 8.6M | 36K | 20K | 440K | 439K | 485K | 473K | 550K |
| Total current liabilities | 303K | 9.4M | 1.7M | 4.9M | 4.3M | 3.8M | 7.1M | 4.4M | 4.3M |
| Long-term debt | 96K | 24K | 0 | 0 | 3.3M | 9.8M | 10.4M | 9.6M | 7M |
| Total liabilities | 399K | 9.4M | 1.7M | 4.9M | 7.7M | 13.7M | 17.6M | 14.1M | 11.4M |
| Shareholders' equity | 2.5M | -931K | 9.4M | 7M | 32.4M | 8.3M | -4.7M | -1.7M | 17M |
| Total debt | 162K | 8.7M | 36K | 20K | 3.7M | 10.3M | 10.9M | 10.1M | 7.5M |
| Net debt | -306K | 1.2M | -9.5M | -5.8M | -28.5M | -2.9M | 5.3M | 5M | -15.7M |
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 | 2.6M | 5.6M | 11.7M | 8M | 4.6M | 5.1M | 17.8M | 14.7M | 10.6M | 23.2M | 18.4M | 14M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | — | 8.3M | — | 10.7M | — | 8.8M | — | 18.2M | — | 24.9M | — | 15.9M |
| Property, plant & equipment | — | 4.3M | — | — | — | 3.5M | — | — | — | 3.3M | — | — |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | — | 12.9M | 22.7M | 15.2M | 15.2M | 12.5M | 25.2M | 22.4M | 29.7M | 28.4M | 23.6M | 19.4M |
| Accounts payable | — | 2.7M | — | 2.6M | — | 3M | — | 2.5M | — | 2.2M | — | 1.6M |
| Short-term debt | — | 485K | — | 477K | — | 473K | — | 540K | — | 550K | — | 542K |
| Total current liabilities | — | 7.1M | — | 3.8M | — | 4.4M | — | 5.3M | — | 4.3M | — | 3.1M |
| Long-term debt | — | 10.4M | — | 10M | — | 9.6M | — | 10.7M | — | 7M | — | 6.6M |
| Total liabilities | — | 17.6M | 22.7M | 14M | 15.2M | 14.1M | 25.2M | 16.2M | 13.1M | 11.4M | 10.4M | 9.8M |
| Shareholders' equity | -2.7M | -4.7M | 5.5M | 1.3M | 74K | -1.7M | 10.3M | 6.2M | 16.6M | 17M | 13.2M | 9.5M |
| Total debt | — | 10.9M | — | 10.5M | — | 10.1M | — | 11.3M | — | 7.5M | — | 7.1M |
| Net debt | — | 5.3M | — | 2.5M | — | 5M | — | -3.5M | — | -15.7M | — | -6.9M |
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 | -5.5M | -11.2M | -15M | -24.5M | -23.2M | -22.1M | -10.6M | -7.7M |
| Depreciation & amortization | 74K | 81K | 105K | 344K | 571K | 615K | 607K | 615K |
| Stock-based compensation | 2.1M | 2.4M | 3.4M | 1.4M | 942K | 479K | 357K | 307K |
| Change in working capital | 535K | 163K | -703K | 1.2M | -2.1M | 1.6M | 823K | -543K |
| Operating cash flow | -3.6M | -9.3M | -14.1M | -22.8M | -25.3M | -19M | -9M | -6.6M |
| Capital expenditure | 6K | -68K | -358K | -1.3M | -292K | -87K | 0 | — |
| Investing cash flow | 6K | -68K | -358K | -1.3M | -268K | -93K | -3K | -3K |
| Dividends paid | — | — | — | — | — | — | — | — |
| Share repurchases | 0 | -13K | — | — | — | — | — | — |
| Financing cash flow | 17M | 9.6M | 8.8M | 49.8M | 7.9M | 8.1M | 13.1M | 22.4M |
| Net change in cash | 13.5M | 309K | -5.7M | 25.8M | -17.7M | -11M | 4.2M | 15.8M |
| Free cash flow | -2M | -7.1M | -12.8M | -23.3M | -26.1M | -17.8M | -12.9M | -6.6M |
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 | Q4 19 | Q1 20 | Q2 20 | Q3 20 | Q4 20 | Q1 21 | Q2 21 | Q3 21 | Q4 21 | Q1 22 | Q2 22 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -3.5M | -3.1M | -3.6M | -4M | -4.3M | -4.1M | -6.8M | -5.3M | -8.4M | -5.8M | -4.8M |
| Depreciation & amortization | 30K | — | — | — | 29K | — | — | — | — | — | — |
| Stock-based compensation | 637K | — | — | — | 625K | — | — | — | — | — | — |
| Change in working capital | -559K | -358K | 297K | 145K | — | 1M | -738K | — | — | — | — |
| Operating cash flow | -3.4M | -3M | -3.1M | -2.8M | -4.5M | -4M | -7.5M | -5.4M | -8.3M | -5.9M | -5.6M |
| Capital expenditure | -47K | -64K | -10K | -2K | -281K | -282K | -510K | -332K | -146K | -181K | -83K |
| Investing cash flow | -47K | -64K | -10K | -2K | -281K | -282K | -510K | -332K | -146K | -181K | -83K |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | 0 | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 244K | -18K | -18K | 6.6M | 2.4M | 25.3M | -35K | -65K | 24.7M | 7.7M | -79K |
| Net change in cash | -3.2M | -3M | -3.1M | 3.8M | -2.4M | 20.9M | -8M | -5.8M | 16.2M | 1.6M | -5.8M |
| Free cash flow | -2.3M | -3M | -2.3M | -2.8M | -4.7M | -4.4M | -8M | -6.6M | -4.3M | -8.4M | -5.3M |