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 | -$0.88 | -$0.97 | -10.2% | — | — | — |
| Q2 26 | -$1.16 | -$1.24 | -6.9% | — | — | — |
| Q1 26 | -$1.15 | -$1.45 | -26.1% | — | $0 | — |
| Q3 25 | -$1.07 | -$0.99 | +7.5% | — | $0 | — |
| Q2 25 | -$1.11 | -$0.96 | +13.5% | — | — | — |
| Q1 25 | -$0.95 | -$1.37 | -44.2% | — | — | — |
| Q4 24 | -$3.27 | -$2.45 | +25.1% | — | — | — |
| Q3 24 | -$7.12 | -$4.54 | +36.2% | — | — | — |
| Q2 24 | -$4.12 | -$6.75 | -63.8% | — | — | — |
| Q1 24 | -$4.25 | -$4 | +5.9% | — | — | — |
| Q4 23 | -$7 | -$1 | +85.7% | — | — | — |
| Q4 22 | — | -$0.23 | — | — | $0 | — |
| Q3 22 | -$0.15 | -$0.18 | -20.0% | — | $0 | — |
| Q2 22 | — | -$0.21 | — | — | $0 | — |
| Q1 22 | — | -$0.17 | — | — | $0 | — |
| Q4 21 | -$0.32 | -$0.21 | +34.4% | — | $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 | — | -$4.71 | — | — | $0 | — |
| FY24 | — | -$12.2 | — | — | $0 | — |
| FY23 | — | -$25 | — | — | $0 | — |
| FY22 | — | -$20 | — | — | $0 | — |
| FY21 | — | -$38.8 |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Revenue | — | $0 | $0 | $0 | $0 | $0 | $0 |
| YoY change | — | — | 0% | 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 |
|---|
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Revenue | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — |
| Research & development | — | 10M | 13.9M | 5.6M | 21.9M | 21.2M | 58.2M |
| Selling, general & administrative | — | 4.2M | 7.6M | 8.3M | 10.6M | 15.4M | 12.4M |
| Operating expenses | — | 14.2M | 21.5M | 13.9M | 32.5M | 36.6M | 70.7M |
| Operating income | — | -14.2M | -21.5M | -13.9M | -32.5M | -36.6M | -70.7M |
| Operating margin | — | — | — | — | — | — | — |
| Non-operating income, net | — | -32.3M | -222K | -145K | -114K | -190K | -396K |
| Pretax income | — | -46.5M | -21.7M | -13.9M | -31.5M | -35.5M | -68.3M |
| Income tax | — | — | — | — | — | — | 1M |
| Net income | — | -46.5M | -21.7M | -13.9M | -31.5M | -35.5M | -69.4M |
| Net margin | — | — | — | — | — | — | — |
| EBITDA | — | 17.9M | -21.4M | -13.9M | -32.5M | -36.6M | -70.6M |
| EPS | -9.42 | -158 | -38.8 | -20 | -25 | -12.2 | -4.71 |
| Diluted EPS | -9.42 | -158 | -38.8 | -20 | -25 | -12.2 | -4.71 |
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 |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Research & development | — | — | — | — | — | — | — | — | 15.2M | 21.7M | 20.5M | 22.3M |
| Selling, general & administrative | 3.8M | 2.8M | 3.5M | 7.1M | 2.8M | 2.1M | 3.4M | 3M | 3.2M | 2.8M | 2M | 2.3M |
| Operating expenses | 3.8M | 2.8M | 3.5M | 7.1M | 2.8M | 2.1M | 3.4M | 3M | 18.4M | 24.6M | 22.4M | 24.6M |
| Operating income | — | — | — | — | — | — | — | — | -18.4M | -24.6M | -22.4M | -24.6M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | — | — | — | — | — | — | — | — | 701K | -1.9M | 676K | 1.5M |
| Pretax income | — | — | — | — | — | — | — | — | -17.7M | -23.8M | -21.8M | -23.1M |
| Income tax | — | — | — | — | — | — | — | — | — | — | 373K | 193K |
| Net income | — | — | — | — | — | — | — | — | -17.7M | -24.8M | -22.1M | -23.3M |
| Net margin | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA | — | — | — | — | — | — | — | — | -18.4M | -24.6M | -22.4M | -24.6M |
| EPS | -6.57 | — | -4 | -6.75 | -4.54 | — | -1.37 | -0.96 | -0.99 | — | -1.24 | -0.97 |
| Diluted EPS | -6.57 | — | -4 | -6.75 | -4.54 | — | -1.37 | -0.96 | -0.99 | — | -1.24 | -0.98 |
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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Market cap | — | — | — | — | — | — | — | 1.6B |
| Enterprise value | — | — | — | — | — | — | — | 1.7B |
| Shares outstanding | 432K | 294.4K | 558.7K | 695.3K | 1.3M | 2.9M | 14.7M | 14.7M |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | -16.3 |
| P/B | — | — | — | — | — | — | — | 10.2 |
| EV/EBITDA | — | — | — | — | — | — | — | -18.4 |
| Earnings yield | — | — | — | — | — | — | — | -6.12% |
| FCF yield | — | — | — | — | — | — | — | -2.53% |
| PEG | — | — | — | — | — | — | — | -15.7 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | — | — | 0% |
| Net margin | — | — | — | — | — | — | — | 0% |
| ROE | — | -78.8% | -52.2% | -35.8% | -89.1% | -67.6% | -113.7% | -62.3% |
| ROA | — | -75.9% | -50.1% | -33% | -80.7% | -57.6% | -83.8% | -37.8% |
| ROIC | — | — | — | — | — | — | 442.5% | 442.5% |
| Return on tangible assets | — | -75.9% | -50.1% | -33% | -80.7% | -57.6% | -83.8% | -42.7% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Current ratio | 3.93 | 26.5 | 24.2 | 13.1 | 10.5 | 6.76 | 3.88 | 10 |
| Quick ratio | 3.93 | 26.5 | 24.2 | 13.1 | 10.5 | 6.76 | 3.88 | 10 |
| Debt / equity | — | — | — | — | — | — | — | 0 |
| Net debt / EBITDA | — | — | — | — | — | — | — | 2.1 |
| Effective tax rate | — | — | — | — | — | — | 0% | 0% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Revenue per share | — | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (basic) | -9.42 | -158 | -38.8 | -20 | -25 | -12.2 | -4.71 | -4.71 |
| EPS (diluted) | -9.42 | -158 | -38.8 | -20 | -25 | -12.2 | -4.71 | -4.57 |
| Book value per share | -11 | 200.4 | 74.4 | 55.8 | 28 | 18 | 4.14 | 7.52 |
| FCF per share | — | -62.6 | -29.8 | -11.8 | -22.8 | -10.6 | -3.47 | -3.03 |
| Cash per share | 16.1 | 199.6 | 75.3 | 59.1 | 29.4 | 20 | 5.23 | 7.88 |
| Capex per share | — | 0 | — | 0 | 0.07 | 0.01 | — | — |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Capex / operating cash flow | — | 0% | — | 0% | -0.31% | -0.13% | — | — |
| Payout ratio | — | — | — | — | — | — | — | 0% |
| — |
| — |
| $0 |
| — |
| FY20 | — | -$158 | — | — | $0 | — |
| FY19 | — | -$9.42 | — | — | — | — |
| Q3 24 |
|---|
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | — | — | — | — | — | — | — | — | $0 | $0 | $0 | $0 |
| YoY change | — | — | — | — | — | — | — | — | — | — | — | — |
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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 6.9M | 58.8M | 42M | 41.1M | 37.1M | 58.4M | 77M |
| Receivables | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — |
| Total current assets | 7.5M | 59.9M | 42.5M | 41.5M | 38.3M | 61.3M | 80.6M |
| Property, plant & equipment | — | — | — | 0 | 109K | 77K | 129K |
| Goodwill & intangibles | — | — | — | — | — | — | — |
| Total assets | 7.7M | 61.2M | 43.3M | 42M | 39M | 61.6M | 82.8M |
| Accounts payable | 1.6M | 1.2M | 946K | 1.2M | 1.4M | 4.9M | 10M |
| Short-term debt | — | — | — | — | — | — | — |
| Total current liabilities | 1.9M | 2.3M | 1.8M | 3.2M | 3.7M | 9.1M | 20.8M |
| Long-term debt | — | — | — | — | — | — | — |
| Total liabilities | 12.4M | 2.3M | 1.8M | 3.2M | 3.7M | 9.1M | 21.8M |
| Shareholders' equity | -4.8M | 59M | 41.5M | 38.8M | 35.3M | 52.5M | 61M |
| Total debt | — | — | — | — | — | — | — |
| Net debt | — | — | — | — | — | — | — |
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 | 46.2M | 37.1M | 30.4M | 24.5M | 16.4M | 58.4M | 45.9M | 106.1M | 93.4M | 77M | 58.2M | 198.5M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 47.1M | 38.3M | 31.5M | 25.7M | 17.7M | 61.3M | 47.2M | 107.6M | 95.4M | 80.6M | 65.1M | 203.1M |
| Property, plant & equipment | — | 109K | 106K | 96K | 86K | 77K | 125K | 110K | 148K | 129K | 110K | 90K |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 47.9M | 39M | 32M | 26.1M | 17.9M | 61.6M | 47.5M | 107.8M | 97.1M | 82.8M | 67.2M | 205.7M |
| Accounts payable | 5.4M | 1.4M | 1.7M | 5.3M | 5.2M | 4.9M | 5M | 5.3M | 5.5M | 10M | 13.1M | 14M |
| Short-term debt | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | 7.5M | 3.7M | 3.3M | 9.1M | 8.6M | 9.1M | 9M | 9.2M | 13M | 20.8M | 23.6M | 20.3M |
| Long-term debt | — | — | — | — | — | — | — | — | — | — | — | — |
| Total liabilities | 7.5M | 3.7M | 3.3M | 9.1M | 8.6M | 9.1M | 9M | 9.2M | 13M | 21.8M | 25.1M | 21.9M |
| Shareholders' equity | 40.4M | 35.3M | 28.7M | 17M | 9.4M | 52.5M | 38.4M | 98.6M | 84.1M | 61M | 42.1M | 183.8M |
| Total debt | — | — | — | — | — | — | — | — | — | — | — | — |
| Net debt | — | — | — | — | — | — | — | — | — | — | — | — |
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 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Net income | -46.5M | -21.7M | -13.9M | -31.5M | -35.5M | -69.4M |
| Depreciation & amortization | 54K | 36K | 0 | 9K | 39K | 64K |
| Stock-based compensation | 956K | 4.2M | 4M | 3.3M | 3.1M | 6.3M |
| Change in working capital | -369K | -294K | 207K | 271K | 3M | 5.5M |
| Operating cash flow | -15M | -17.8M | -9.7M | -28M | -29.5M | -50.9M |
| Capital expenditure | 0 | — | 0 | -88K | -37K | — |
| Investing cash flow | 3.6M | — | 0 | 47K | -36M | 36.4M |
| Dividends paid | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | -1K | 0 |
| Financing cash flow | 66.4M | -106K | 7.2M | 24.7M | 51.8M | 67.5M |
| Net change in cash | 55M | -17.9M | -2.4M | -3.3M | -13.6M | 53M |
| Free cash flow | -18.4M | -16.7M | -8.2M | -28.8M | -30.8M | -51M |
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 | -10M | -5.9M | -7.4M | -12.5M | -8.4M | -7.2M | -15.7M | -11.2M | -17.7M | -24.8M | -22.1M | -23.3M |
| Depreciation & amortization | 3K | 6K | 9K | 10K | 10K | 10K | 13K | 15K | 17K | 19K | 19K | 20K |
| Stock-based compensation | 772K | 780K | 805K | 802K | 791K | 697K | 1.6M | 1.5M | 1.5M | 1.7M | 3.2M | 3.7M |
| Change in working capital | 2.3M | -3.9M | 261K | 3.6M | -116K | -714K | 578K | -90K | 558K | 4.5M | 3.5M | 572K |
| Operating cash flow | -6.9M | -9M | -6.3M | -8.1M | -7.7M | -7.2M | -13.4M | -10.1M | -14M | -16.5M | -18.8M | -22.7M |
| Capital expenditure | -71K | -17K | -6K | 0 | 0 | -31K | -61K | — | — | — | — | — |
| Investing cash flow | -71K | -16K | -6K | 0 | 0 | -36M | 36.3M | 0 | 0 | 0 | 0 | 0 |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | 0 | — | — | — | 0 | — | — |
| Financing cash flow | -24K | -76K | -16K | -10K | -7K | 51.9M | -2.3M | -4.7M | -480K | -6K | -27K | -10.6M |
| Net change in cash | -7M | -9M | -6.4M | -8.1M | -7.7M | 8.7M | 20.5M | -14.7M | -14.5M | -16.5M | -18.8M | -33.3M |
| Free cash flow | -9.1M | -9M | -6.7M | -5.9M | -8.1M | -10M | -10.4M | -10.1M | -14.1M | -16.5M | -18.8M | -22.7M |