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 23 | -$1.17 | -$0.52 | +55.6% | — | $0 | — |
| Q2 23 | -$3.81 | -$3.07 | +19.4% | — | $0 | — |
| Q1 23 | -$0.16 | -$0.23 | -43.8% | — | $0 | — |
| Q4 22 | -$5.5 | -$2.83 | +48.5% | — | — | — |
| Q3 22 | -$0.33 | -$0.28 | +15.2% | — | — | — |
| Q2 22 | -$9.53 | -$8 | +16.1% | — | — | — |
| Q1 22 | -$10 | -$9.54 | +4.6% | — | — | — |
| Q4 21 | -$10.8 | -$9.08 | +15.9% | — | — | — |
| Q3 21 | -$10.1 | -$12.6 | -25.4% | — | — | — |
| Q2 21 | -$9.95 | -$10.6 | -6.8% | — | — | — |
| Q1 21 | -$9.87 | -$9.71 | +1.6% | — | — | — |
| Q4 20 | -$10.6 | -$11.4 | -7.7% | — | — | — |
| Q3 20 | -$10 | -$9 | +10.0% | — | — | — |
| Q2 20 | -$14.3 | -$12.6 | +11.9% | — | — | — |
| Q1 20 | -$14.1 | -$14.2 | -0.7% | — | — | — |
| Q4 19 | -$11.5 | -$14 | -21.7% | — | — | — |
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 % |
|---|---|---|---|---|---|---|
| FY22 | — | -$26.2 | — | — | $0 | — |
| FY21 | — | -$46.2 | — | — | $0 | — |
| FY20 | — | -$47.4 | — | — | $0 | — |
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 |
|---|---|---|---|
| Revenue | $0 | $0 | $0 |
| YoY change | — | 0% | 0% |
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 |
|---|---|---|---|
| Revenue | $0 | $0 | $0 |
| YoY change | — | — | — |
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 |
|---|---|---|---|
| Revenue | 0 | 0 | 0 |
| Cost of revenue | — | — | — |
| Gross profit | — | — | — |
| Gross margin | — | — | — |
| Research & development | 69.6M | 83.6M | 78.6M |
| Selling, general & administrative | 22.3M | 31.8M | 29.9M |
| Operating expenses | 91.9M | 115.4M | 108.5M |
| Operating income | -91.9M | -115.4M | -108.5M |
| Operating margin | — | — | — |
| Non-operating income, net | 738K | -2.7M | -459K |
| Pretax income | -93.3M | -121.7M | -113.6M |
| Income tax | 409K | 428K | 930K |
| Net income | -93.7M | -122.2M | -114.5M |
| Net margin | — | — | — |
| EBITDA | -89.1M | -112.7M | -106.3M |
| EPS | -47.4 | -46.2 | -26.2 |
| Diluted EPS | -47.4 | -46.2 | -26.2 |
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 |
|---|---|---|---|
| Revenue | 0 | 0 | 0 |
| Cost of revenue | — | — | — |
| Gross profit | — | — | — |
| Gross margin | — | — | — |
| Research & development | 17.9M | 13M | 6.5M |
| Selling, general & administrative | 7M | 4.9M | 3.9M |
| Operating expenses | 24.9M | 18M | 10.4M |
| Operating income | -24.9M | -18M | -10.4M |
| Operating margin | — | — | — |
| Non-operating income, net | 815K | -1.5M | -829K |
| Pretax income | -25.2M | -20.9M | -12.4M |
| Income tax | 145K | 233K | -17K |
| Net income | -25.3M | -21.1M | -12.4M |
| Net margin | — | — | — |
| EBITDA | -24.3M | -17.5M | -10.2M |
| EPS | -4.6 | -3.78 | -1.42 |
| Diluted EPS | -4.6 | -3.78 | -1.42 |
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 |
|---|---|---|---|---|---|
| Cash & short-term investments | 147.9M | 77.8M | 68.9M | 68.4M | 47.9M |
| Receivables | — | — | — | — | — |
| Inventory | — | — | — | — | — |
| Total current assets | 151.6M | 81M | 71M | 71M | 51.6M |
| Property, plant & equipment | 6.9M | 8.3M | 7.5M | 6.6M | 4.8M |
| Goodwill & intangibles | — | — | — | — | — |
| Total assets | 159.9M | 90.9M | 90.6M | 87.9M | 64.4M |
| Accounts payable | 1.5M | 620K | 1.4M | 1.6M | 1.8M |
| Short-term debt | — | — | 1.7M | 2M | 2.3M |
| Total current liabilities | 4.3M | 9.7M | 19.8M | 17.4M | 12.4M |
| Long-term debt | 12.3M | 19.6M | 40M | 54.3M | 48.9M |
| Total liabilities | 16.9M | 30.7M | 60.2M | 79.2M | 69.4M |
| Shareholders' equity | -113.4M | 60.2M | 30.5M | 8.7M | -5M |
| Total debt | 12.3M | 19.6M | 41.7M | 56.3M | 51.1M |
| Net debt | -80.8M | -58.2M | -27.1M | -12.1M | 3.2M |
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 | Q1 23 | Q2 23 | Q3 23 |
|---|---|---|---|
| Cash & short-term investments | 27.5M | 7.6M | 17.3M |
| Receivables | — | — | — |
| Inventory | — | — | — |
| Total current assets | 30.1M | 11.3M | 18.9M |
| Property, plant & equipment | 4.4M | 2.4M | 894K |
| Goodwill & intangibles | — | — | — |
| Total assets | 42M | 20.8M | 20.6M |
| Accounts payable | 1.5M | 3.8M | 526K |
| Short-term debt | 46.1M | 46.6M | 33.9M |
| Total current liabilities | 57.2M | 55.5M | 39.8M |
| Long-term debt | 4.6M | 3.9M | 0 |
| Total liabilities | 69.4M | 66.9M | 47.3M |
| Shareholders' equity | -27.4M | -46.1M | -26.7M |
| Total debt | 50.7M | 50.5M | 33.9M |
| Net debt | 23.2M | 42.9M | 16.7M |
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 | Current |
|---|---|---|---|---|---|---|
| Shares outstanding | — | — | 2M | 2.6M | 4.4M | 4.4M |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | Current |
|---|---|---|---|---|---|---|
| ROE | — | — | -307.3% | -1.4K% | 2.3K% | 2.3K% |
| ROA | — | — | -103.3% | -139% | -177.7% | -177.7% |
| ROIC | — | — | -2.8K% | 3.3K% | 6K% | 6K% |
| Return on tangible assets | — | — | -103.3% | -139% | -177.7% | -177.7% |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | Current |
|---|---|---|---|---|---|---|
| Current ratio | — | — | 3.58 | 4.09 | 4.16 | 4.16 |
| Quick ratio | — | — | 3.58 | 4.09 | 4.16 | 4.16 |
| Debt / equity | — | — | 1.37 | 6.5 | -10.2 | -10.2 |
| Debt / assets | — | — | 0.46 | 0.64 | 0.79 | 0.79 |
| Net debt / EBITDA | — | — | 0.3 | 0.11 | -0.03 | -0.03 |
| Interest coverage | — | — | -43.2 | -32.7 | -23.3 | -23.3 |
| Effective tax rate | — | — | 0% | 0% | 0% | 0% |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | Current |
|---|---|---|---|---|---|---|
| Revenue per share | — | — | 0 | 0 | 0 | 0 |
| EPS (basic) | — | — | -47.4 | -46.2 | -26.2 | -26.2 |
| EPS (diluted) | — | — | -47.4 | -46.2 | -26.2 | -26.2 |
| Book value per share | — | — | 15.4 | 3.28 | -1.15 | -1.15 |
| FCF per share | — | — | -37.7 | -37.1 | -23.4 | -23.4 |
| Cash per share | — | — | 34.9 | 25.9 | 11 | 11 |
| Capex per share | — | — | 0.67 | — | — | — |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | Current |
|---|---|---|---|---|---|---|
| Capex / operating cash flow | — | — | -1.61% | — | — | — |
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 |
|---|---|---|---|
| Net income | -93.7M | -122.2M | -114.5M |
| Depreciation & amortization | 2M | 2.2M | 2.1M |
| Stock-based compensation | 8.5M | 15.8M | 15.2M |
| Change in working capital | -971K | 5.4M | -2.9M |
| Operating cash flow | -81.8M | -96.7M | -101.2M |
| Capital expenditure | -1.3M | — | — |
| Investing cash flow | -1.3M | — | — |
| Dividends paid | — | — | — |
| Share repurchases | — | — | — |
| Financing cash flow | 65M | 96.5M | 81.4M |
| Net change in cash | -18.1M | -196K | -19.8M |
| Free cash flow | -74.4M | -98.2M | -101.9M |
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 | Q1 23 | Q2 23 | Q3 23 |
|---|---|---|---|
| Net income | -25.3M | -21.1M | -12.4M |
| Depreciation & amortization | 445K | 424K | 169K |
| Stock-based compensation | 2.9M | 2.4M | 2.5M |
| Change in working capital | -1M | 1.7M | -4.9M |
| Operating cash flow | -22.1M | -15.7M | -12.6M |
| Capital expenditure | -12K | 0 | 513K |
| Investing cash flow | -12K | 0 | 513K |
| Dividends paid | — | — | — |
| Share repurchases | — | — | — |
| Financing cash flow | -235K | 0 | 24.3M |
| Net change in cash | -22.4M | -15.7M | 12.1M |
| Free cash flow | -20.3M | -19.8M | -10.5M |