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 | -$0.93 | -$0.66 | +29.0% | — | — | — |
| Q2 26 | -$1.35 | -$1.33 | +1.5% | — | — | — |
| Q1 26 | -$2 | -$0.6 | +70.0% | — | — | — |
| Q4 25 | -$2.3 | -$2.6 | -13.0% | — | — | — |
| Q3 25 | -$2.4 | -$2.4 | 0.0% | — | — | — |
| Q2 25 | -$2.5 | -$2.8 | -12.0% | — | — | — |
| Q1 25 | -$1.4 | -$1.8 | -28.6% | — | $0 | — |
| Q3 24 | -$1.73 | -$0.2 | +88.4% | — | $0 | — |
| Q2 24 | -$1.8 | $0.6 | +133.3% | — | $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 | — | -$8.4 | — | — | $0 | — |
| FY24 | — | -$0.34 | — | — | $0 | — |
| FY23 | — | -$0.59 | — | — | $0 | — |
| FY22 | — | -$0.16 | — | — | $0 | — |
| FY21 | — | -$0.05 | — | — | $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 | 521K | 1.1M | 2.4M | 4.5M | 7.4M |
| Selling, general & administrative | 1.1M | 3.3M | 6.5M | 9.2M | 9.2M |
| Operating expenses | 1.6M | 4.5M | 8.9M | 13.7M | 16.6M |
| Operating income | -1.6M | -4.5M | -8.9M | -13.7M | -16.6M |
| Operating margin | — | — | — | — | — |
| Non-operating income, net | — | — | -7.4M | 2.3M | -2M |
| Pretax income | -1.6M | -5.1M | -16.5M | -11.2M | -18.6M |
| Income tax | — | — | — | — | — |
| Net income | -1.6M | -5.1M | -16.5M | -11.2M | -18.6M |
| Net margin | — | — | — | — | — |
| EBITDA | -1.6M | -4.4M | -15.9M | -16.3M | -18M |
| EPS | -0.05 | -0.16 | -0.59 | -0.34 | -8.4 |
| Diluted EPS | -0.05 | -0.16 | -0.59 | -0.34 | -8.4 |
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 | 571K | 773K | 960K | 975K | 1.2M | 1.4M | 1.8M | 2M | 2.8M | 797K | 3M | 1.7M |
| Selling, general & administrative | 1.5M | 1.7M | 2.5M | 2.2M | 2.1M | 2.4M | 2.8M | 2.4M | 2.2M | 1.8M | 2.1M | 2.4M |
| Operating expenses | 2.1M | 2.5M | 3.5M | 3.2M | 3.4M | 3.7M | 4.5M | 4.5M | 5M | 2.6M | 5.1M | 4M |
| Operating income | -2.1M | -2.5M | -3.5M | -3.2M | -3.4M | -3.7M | -4.5M | -4.5M | -5M | -2.6M | -5.1M | -4M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | -141K | -7.2M | -5M | 4.1M | 2.8M | 556K | -534K | -218K | -813K | -475K | 52K | -92K |
| Pretax income | -2.2M | -9.7M | -8.5M | 898K | -500K | -3.1M | -5M | -4.7M | -5.8M | -3.2M | -5M | -4.1M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — |
| Net income | -2.2M | -9.7M | -8.5M | 898K | -500K | -3.1M | -5M | -4.7M | -5.8M | -3.2M | -5M | -4.1M |
| Net margin | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -2.1M | -9.6M | -8.3M | -3M | -3.1M | -5M | -4.7M | -4.5M | -5.6M | -3.1M | -4.8M | -3.9M |
| EPS | -0.07 | — | -0.27 | 0.03 | -0.01 | — | -2.8 | -2.4 | -2.6 | — | -1.33 | -0.66 |
| Diluted EPS | -0.07 | — | -0.27 | 0.03 | -0.01 | — | -2.8 | -2.4 | -2.6 | — | -1.33 | -0.66 |
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 | — | — | — | 1.3B | — | 9.5M |
| Enterprise value | — | — | — | 1.3B | — | 7.2M |
| Shares outstanding | 32.5M | 32.5M | 32.5M | 32.9M | 2.2M | 2.2M |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | -0.16 |
| P/B | — | — | — | 480.8 | — | 1.82 |
| EV/EBITDA | — | — | — | -80.5 | — | -0.44 |
| Earnings yield | — | — | — | — | — | -618.4% |
| FCF yield | — | — | — | -0.92% | — | -88.4% |
| PEG | — | — | — | — | — | 0 |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | 0% |
| Net margin | — | — | — | — | — | 0% |
| ROE | 122.6% | 128.2% | -1.3K% | -408.1% | -302.9% | -660.1% |
| ROA | -338% | -106.2% | -139.5% | -67.9% | -193.8% | -95.8% |
| Return on tangible assets | -338% | -106.2% | -139.5% | -67.9% | -193.8% | -228.8% |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Current ratio | 0.27 | 0.37 | 1 | 1.12 | 3.61 | 2.64 |
| Quick ratio | 0.27 | 0.37 | 1 | 1.12 | 3.61 | 2.64 |
| Debt / equity | -1.01 | -1.88 | 1.39 | 3.86 | 0.39 | 0.32 |
| Debt / assets | 2.78 | 1.56 | 0.15 | 0.64 | 0.25 | 0.18 |
| Net debt / EBITDA | -0.57 | -1.2 | 0.47 | 0.21 | 0.14 | 0.12 |
| Interest coverage | -394.5 | -6.83 | -111.1 | -557 | -90.4 | -83.4 |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (basic) | -0.05 | -0.16 | -0.59 | -0.34 | -8.4 | -8.4 |
| EPS (diluted) | -0.05 | -0.16 | -0.59 | -0.34 | -8.4 | -5.1 |
| Book value per share | -0.04 | -0.12 | 0.04 | 0.08 | 2.76 | 0.76 |
| FCF per share | -0.04 | -0.13 | -0.21 | -0.37 | -7.46 | -2.36 |
| Cash per share | 0.01 | 0.07 | 0.28 | 0.43 | 2.19 | 0.53 |
| Capex per share | — | 0 | 0.02 | 0.01 | — | — |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Capex / operating cash flow | — | 0% | -3.58% | -3.28% | — | — |
| 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% | 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 | 407K | 2.3M | 9.2M | 14M | 4.9M |
| Receivables | — | — | — | — | — |
| Inventory | — | — | — | — | — |
| Total current assets | 468K | 2.6M | 9.2M | 14.2M | 6.3M |
| Property, plant & equipment | — | 2.2M | 2.6M | 2.2M | 3.2M |
| Goodwill & intangibles | — | — | — | — | — |
| Total assets | 468K | 4.8M | 11.8M | 16.4M | 9.6M |
| Accounts payable | 233K | 758K | 1.4M | 2.7M | 945K |
| Short-term debt | 1.3M | 5.8M | 362K | 9.6M | 706K |
| Total current liabilities | 1.8M | 7.1M | 9.2M | 12.7M | 1.8M |
| Long-term debt | 0 | 1.7M | 1.4M | 984K | 1.7M |
| Total liabilities | 1.8M | 8.8M | 10.6M | 13.7M | 3.5M |
| Shareholders' equity | -1.3M | -4M | 1.3M | 2.7M | 6.2M |
| Total debt | 1.3M | 7.5M | 1.7M | 10.6M | 2.4M |
| Net debt | 893K | 5.3M | -7.4M | -3.4M | -2.5M |
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 | 10.8M | 9.2M | 8.2M | 6M | 7.8M | 14M | 8.7M | 8.8M | 4.9M | 4.9M | 1.5M | 3.5M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 10.9M | 9.2M | 8.9M | 6.5M | 8.2M | 14.2M | 9.3M | 10.2M | 5.2M | 6.3M | 2.9M | 5.8M |
| Property, plant & equipment | 2.4M | 2.6M | 2.5M | 2.4M | 2.3M | 2.2M | 2.1M | 3.7M | 3.5M | 3.2M | 3M | 2M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 13.3M | 11.8M | 11.4M | 8.9M | 10.5M | 16.4M | 11.4M | 13.9M | 8.7M | 9.6M | 5.9M | 7.9M |
| Accounts payable | 820K | 1.4M | 814K | 1.2M | 1.2M | 2.7M | 1.4M | — | — | 945K | 850K | 1.8M |
| Short-term debt | 353K | 362K | 831K | 669K | 507K | 9.6M | 6.3M | 8.7M | 5.2M | 706K | 969K | 382K |
| Total current liabilities | 1.3M | 9.2M | 14M | 10.1M | 6.7M | 12.7M | 8.2M | 11M | 6.7M | 1.8M | 1.8M | 2.2M |
| Long-term debt | 1.4M | 1.4M | 1.3M | 1.2M | 1.1M | 984K | 865K | 2.1M | 1.9M | 1.7M | 1.5M | 1.1M |
| Total liabilities | 2.8M | 10.6M | 15.3M | 11.3M | 7.7M | 13.7M | 9.1M | 13M | 8.6M | 3.5M | 3.3M | 3.3M |
| Shareholders' equity | 10.5M | 1.3M | -3.9M | -2.4M | 2.7M | 2.7M | 2.4M | 860K | 125K | 6.2M | 2.6M | 4.6M |
| Total debt | 1.8M | 1.7M | 2.1M | 1.8M | 1.6M | 10.6M | 7.1M | 10.8M | 7.1M | 2.4M | 2.5M | 1.5M |
| Net debt | -9M | -7.4M | -6M | -4.1M | -6.3M | -3.4M | -1.6M | 1.9M | 2.2M | -2.5M | 996K | -2.1M |
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 | -1.6M | -5.1M | -16.5M | -11.2M | -18.6M |
| Depreciation & amortization | 0 | 94K | 437K | 573K | 832K |
| Stock-based compensation | 0 | 265K | 1.8M | 2.2M | 2.7M |
| Change in working capital | -24K | 299K | 359K | 889K | -2.1M |
| Operating cash flow | -1.6M | -4.1M | -13.8M | -5.6M | -16.4M |
| Capital expenditure | — | 0 | -495K | -184K | — |
| Investing cash flow | — | 0 | -495K | -184K | — |
| Dividends paid | — | — | — | — | — |
| Share repurchases | — | — | — | — | — |
| Financing cash flow | 1.1M | 5.4M | 13.8M | 16.9M | 4.2M |
| Net change in cash | -539K | 1.3M | -545K | 11.1M | -12.2M |
| Free cash flow | -1.4M | -4.1M | -6.9M | -12.1M | -16.7M |
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 | — | — | — | 898K | -500K | -3.1M | -5M | -4.7M | -5.8M | -3.2M | -5M | -4.1M |
| Depreciation & amortization | — | — | — | 140K | 143K | 153K | 161K | 206K | 231K | 234K | 237K | 161K |
| Stock-based compensation | — | — | — | 578K | 572K | 544K | 551K | 729K | 704K | 702K | 694K | 707K |
| Change in working capital | — | — | — | 294K | -131K | 1.5M | -1.1M | 212K | -902K | -254K | -676K | -502K |
| Operating cash flow | 0 | 0 | 3.1M | 1.9M | 84K | -946K | -5.4M | -4M | -4M | -3.2M | -4.4M | -3.3M |
| Capital expenditure | — | — | — | -66K | -11K | -99K | -43K | — | — | — | — | — |
| Investing cash flow | — | — | — | -66K | -11K | -99K | -43K | — | — | — | — | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | — | — | — | -344K | 4.3M | 9.3M | 0 | 4.4M | 0 | -210K | 871K | 2.6M |
| Net change in cash | 0 | 0 | 3.1M | 1.5M | 4.4M | 8.3M | -5.4M | 391K | -4M | -3.4M | -3.5M | -673K |
| Free cash flow | — | — | — | -2M | -2.6M | -3.2M | -5.3M | -4.2M | -4M | -3.2M | -4.4M | -3.3M |