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 | — | -$1.09 | — | — | $0 | — |
| FY24 | — | -$0.89 | — | — | $0 | — |
| FY23 | — | -$0.25 | — | — | $0 | — |
| FY22 | — | -$0.17 | — | — | $0 | — |
| FY21 | — | -$0.15 | — | — | $0 | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $0 |
| YoY change | — | 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 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 |
|---|
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — |
| Gross profit | — | — | — | — | — |
| Gross margin | — | — | — | — | — |
| Research & development | 454.5K | 376.7K | 527.5K | 1.9M | 3.7M |
| Selling, general & administrative | 838.4K | 984.6K | 1.3M | 4.1M | 6M |
| Operating expenses | 1.3M | 1.3M | 1.8M | 5.9M | 9.7M |
| Operating income | -1.3M | -1.3M | -1.8M | -5.9M | -9.7M |
| Operating margin | — | — | — | — | — |
| Non-operating income, net | 83.7K | — | -200K | -6.8K | 88.7K |
| Pretax income | -1.2M | -1.3M | -2M | -5.9M | -9.3M |
| Income tax | 0 | 63.6K | 42.3K | 0 | -105.2K |
| Net income | -1.2M | -1.4M | -2M | -5.9M | -9.2M |
| Net margin | — | — | — | — | — |
| EBITDA | -1.3M | -1.2M | -1.4M | -5.7M | -9.4M |
| EPS | -0.15 | -0.17 | -0.25 | -0.89 | -1.09 |
| Diluted EPS | -0.15 | -0.17 | -0.25 | -0.89 | -1.09 |
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 | 27.9K | 550.3K | 277.6K | 237.4K | 723.5K | 630.3K | 575K | 803K | 1.2M | 1.1M | 1.1M | 1.4M |
| Selling, general & administrative | 363.9K | 504.8K | 730.9K | 1.1M | 888.2K | 1.4M | 1.4M | 1.7M | 1.3M | 1.6M | 1.3M | 1.5M |
| Operating expenses | 391.8K | 1.1M | 1M | 1.3M | 1.6M | 2M | 2M | 2.5M | 2.5M | 2.7M | 2.4M | 3M |
| Operating income | -391.8K | -985K | -1M | -1.3M | -1.6M | -2M | -2M | -2.5M | -2.5M | -2.7M | -2.4M | -3M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | -128.8K | -71.3K | — | — | — | — | — | 111.2K | 176K | -196.8K | 3K | 73.4K |
| Pretax income | -520.6K | -1.1M | -1M | -1.4M | -1.7M | -1.8M | -1.9M | -2.4M | -2.3M | -2.8M | -2.4M | -2.9M |
| Income tax | 0 | — | — | — | 0 | -2.1K | 0 | 0 | 0 | -105.2K | 0 | 0 |
| Net income | -520.6K | -1.1M | -1M | -1.4M | -1.7M | -1.8M | -1.9M | -2.4M | -2.3M | -2.7M | -2.4M | -2.9M |
| Net margin | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -213.4K | -854.8K | -945.7K | -1.3M | -1.5M | -1.9M | -1.9M | -2.5M | -2.6M | -2.6M | -2.3M | -3M |
| EPS | -0.06 | — | -0.12 | — | -0.2 | — | -0.22 | -0.28 | -0.27 | — | -0.28 | -0.33 |
| Diluted EPS | -0.06 | — | -0.12 | — | -0.2 | — | -0.22 | -0.28 | -0.27 | — | -0.28 | -0.33 |
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 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Market cap | — | — | — | — | — | 55.7M |
| Enterprise value | — | — | — | — | — | 53.4M |
| Shares outstanding | 8.1M | 8.1M | 8.1M | 6.6M | 8.4M | 8.4M |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | -5.55 |
| P/B | — | — | — | — | — | 15.9 |
| EV/EBITDA | — | — | — | — | — | -5.2 |
| Earnings yield | — | — | — | — | — | -18% |
| FCF yield | — | — | — | — | — | -5.84% |
| PEG | — | — | — | — | — | -0.31 |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | 0% |
| Net margin | — | — | — | — | — | 0% |
| ROE | -101% | -101.7% | 530.4% | -56.2% | -269.6% | -187.2% |
| ROA | -51.5% | -52% | -57.3% | -45% | -153.4% | -74.7% |
| ROIC | -94.4% | -93.7% | -154.7% | -284.1% | -606.8% | 1.2K% |
| Return on tangible assets | -51.5% | -52% | -57.3% | -45% | -153.4% | -127.7% |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Current ratio | 2.61 | 2.32 | 0.5 | 8.12 | 2.51 | 3.81 |
| Quick ratio | 2.61 | 2.32 | 0.5 | 8.12 | 2.51 | 3.81 |
| Debt / equity | 0.6 | 0.44 | -4.19 | 0.13 | 0.37 | 0.3 |
| Debt / assets | 0.31 | 0.23 | 0.45 | 0.11 | 0.21 | 0.14 |
| Net debt / EBITDA | -0.13 | -0.04 | -1.1 | 1.47 | 0.19 | 0.43 |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (basic) | -0.15 | -0.17 | -0.25 | -0.89 | -1.09 | -1.09 |
| EPS (diluted) | -0.15 | -0.17 | -0.25 | -0.89 | -1.09 | -1.2 |
| Book value per share | 0.15 | 0.17 | -0.05 | 1.59 | 0.41 | 0.39 |
| FCF per share | -0.25 | -0.18 | -0.18 | -1.36 | -0.8 | -0.82 |
| Cash per share | 0.07 | 0.07 | 0.01 | 1.48 | 0.36 | 0.61 |
| Capex per share | 0.05 | 0.02 | 0.04 | 0.06 | — | — |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Capex / operating cash flow | -28.2% | -14.4% | -20.6% | -9.62% | — | — |
| Payout ratio | — | — | — | — | — | 0% |
| 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% |
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 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash & short-term investments | 547.8K | 558.6K | 66.5K | 9.7M | 3M |
| Receivables | — | — | — | — | — |
| Inventory | — | — | — | — | — |
| Total current assets | 1M | 1.5M | 1.2M | 10.8M | 3.9M |
| Property, plant & equipment | 1.3M | 1.2M | 2.3M | 2.2M | 1.9M |
| Goodwill & intangibles | — | — | — | — | — |
| Total assets | 2.3M | 2.7M | 3.6M | 13M | 6M |
| Accounts payable | 267.3K | 385.8K | 702.9K | 924.3K | 1.2M |
| Short-term debt | 133.5K | 145K | 225K | 230K | 326.2K |
| Total current liabilities | 400.8K | 634.4K | 2.4M | 1.3M | 1.6M |
| Long-term debt | 587.1K | 463.8K | 1.4M | 1.2M | 917K |
| Total liabilities | 1.1M | 1.3M | 3.9M | 2.6M | 2.6M |
| Shareholders' equity | 1.2M | 1.4M | -384.3K | 10.4M | 3.4M |
| Total debt | 720.6K | 608.8K | 1.6M | 1.4M | 1.2M |
| Net debt | 172.8K | 50.2K | 1.5M | -8.3M | -1.8M |
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 | 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 | 474.6K | 66.5K | 113.8K | 158.2K | 233.9K | 9.7M | 8.5M | 7M | 5.1M | 3M | 1.4M | 5.7M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 1.3M | 1.2M | 1.6M | 1.8M | 1.4M | 10.8M | 9.4M | 7.5M | 5.6M | 3.9M | 2.1M | 6.2M |
| Property, plant & equipment | 2.1M | 2.3M | 2.4M | 2.3M | 2.1M | 2.2M | 2.1M | 2.1M | 2M | 1.9M | 1.8M | 1.7M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 3.4M | 3.6M | 4M | 4.1M | 3.6M | 13M | 11.5M | 9.7M | 7.7M | 6M | 4M | 8M |
| Accounts payable | 338.9K | 702.9K | 756.7K | 502.9K | 908.6K | 924.3K | 1.1M | 930.6K | 904.4K | 1.2M | 1.2M | 1.3M |
| Short-term debt | 240.5K | 225K | 241.2K | 3.1M | 3.6M | 230K | 236.8K | 286.3K | 316.9K | 326.2K | 334.9K | 343.7K |
| Total current liabilities | 1.5M | 2.4M | 3.8M | 4.9M | 5.8M | 1.3M | 1.4M | 1.2M | 1.2M | 1.6M | 1.6M | 1.6M |
| Long-term debt | 1.1M | 1.4M | 1.3M | 1.3M | 1.2M | 1.2M | 1.1M | 1.1M | 1M | 917K | 830K | 741.3K |
| Total liabilities | 2.8M | 3.9M | 5.3M | 6.3M | 7.2M | 2.6M | 2.6M | 2.4M | 2.3M | 2.6M | 2.5M | 4.3M |
| Shareholders' equity | 607.1K | -384.3K | -1.2M | -2.3M | -3.6M | 10.4M | 8.9M | 7.2M | 5.4M | 3.4M | 1.5M | 3.7M |
| Total debt | 1.4M | 1.6M | 1.6M | 4.4M | 4.9M | 1.4M | 1.3M | 1.4M | 1.3M | 1.2M | 1.2M | 1.1M |
| Net debt | 909.7K | 1.5M | 1.4M | 4.2M | 4.6M | -8.3M | -7.2M | -5.6M | -3.8M | -1.8M | -279.7K | -4.6M |
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 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Net income | -1.2M | -1.4M | -2M | -5.9M | -9.2M |
| Depreciation & amortization | 59.4K | 147.8K | 196.9K | 267.4K | 288K |
| Stock-based compensation | 198.5K | 216.5K | 281.5K | 1.1M | 2M |
| Change in working capital | -531.5K | -222.7K | 200.1K | 366.4K | 425.8K |
| Operating cash flow | -1.5M | -1.3M | -1.4M | -4.1M | -6.5M |
| Capital expenditure | -422.6K | -186K | -288.7K | -396.5K | — |
| Investing cash flow | -312.3K | -87.2K | -311.2K | -359.2K | 19.7K |
| Dividends paid | — | — | — | — | — |
| Share repurchases | — | — | — | — | — |
| Financing cash flow | 2.3M | 1.4M | 1M | 18.5M | -27.7K |
| Net change in cash | 502.2K | -21.8K | -712.2K | 14M | -6.5M |
| Free cash flow | -2M | -1.4M | -1.5M | -8.9M | -6.7M |
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 | -520.6K | -1.1M | -1M | -1.4M | -1.7M | -1.8M | -1.9M | -2.4M | -2.3M | -2.7M | -2.4M | -2.9M |
| Depreciation & amortization | 49.7K | 59K | 62.8K | 68.1K | 68.9K | 67.6K | 70.5K | 72.3K | 71.6K | 73.6K | 74.1K | 76.9K |
| Stock-based compensation | 61.4K | 107.1K | 142.8K | 348.3K | 317.3K | 317.3K | 317.3K | 567.3K | 425.7K | 677.9K | 501.1K | 1.2M |
| Change in working capital | 426.2K | 193.5K | -175.5K | -441.4K | 866.4K | 116.9K | 289.7K | 196.6K | -177.3K | 116.9K | 213.2K | 123.1K |
| Operating cash flow | 9.1K | -738.9K | -981.9K | -1.4M | -409.9K | -1.3M | -1.2M | -1.5M | -1.9M | -2M | -1.5M | -1.6M |
| Capital expenditure | -142.2K | -109.7K | -148.8K | -37.2K | 0 | -210.4K | -31K | — | — | — | — | — |
| Investing cash flow | -142.2K | -109.7K | -142.4K | -37.2K | 30.9K | -210.4K | -31K | — | 2 | -2 | — | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | — | 485K | -91.5K | -20.5K | 586.4K | 4.1M | -43.3K | — | -17.2K | -10.6K | -12.7K | -12.7K |
| Net change in cash | -133.1K | -363.7K | -1.2M | -1.4M | 207.4K | 2.5M | -1.3M | -1.5M | -1.9M | -2M | -1.5M | -1.7M |
| Free cash flow | -176.2K | -893K | 132.4K | -2.6M | -541.5K | -5.9M | -1.2M | -1.6M | -1.9M | -2M | -1.6M | -1.6M |