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 % |
|---|---|---|---|---|---|---|
| Q1 26 | -$0.58 | -$0.51 | +12.1% | — | $0 | — |
| Q4 25 | -$0.66 | $1.1 | +266.7% | — | $0 | — |
| Q3 25 | -$1.31 | $0.73 | +155.7% | — | $0 | — |
| Q2 25 | -$4.6 | -$4.83 | -5.0% | — | $0 | — |
| Q1 25 | -$2.53 | -$4.6 | -81.8% | — | $0 | — |
| Q4 24 | -$2.22 | -$5.52 | -148.6% | — | $0 | — |
| Q3 24 | -$1.38 | -$1.95 | -41.3% | — | $0 | — |
| Q2 24 | -$3.1 | -$5.52 | -78.1% | — | $0 | — |
| Q1 24 | -$4.6 | -$4.83 | -5.0% | — | $0 | — |
| Q4 23 | -$0.23 | -$0.23 | 0.0% | — | $0 | — |
| Q3 23 | -$4.83 | -$4.8 | +0.6% | — | $0 | — |
| Q2 23 | -$0.19 | -$0.34 | -78.9% | — | $0 | — |
| Q1 23 | -$0.15 | -$0.19 | -26.7% | — | $0 | — |
| Q4 22 | -$2.99 | -$6.9 | -130.8% | — | $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 | — | -$3.95 | — | — | $0 | — |
| FY24 | — | -$27.1 | — | — | $0 | — |
| FY23 | — | -$16.1 | — | — | $0 | — |
| FY22 | — | -$37.5 | — | — | $0 | — |
| FY21 | — | -$0.45 | — | — | $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 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 |
|---|
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 | 0 | 133K | 262K | 45K | 0 |
| Selling, general & administrative | 11.6M | 54.7M | 25.4M | 24M | 14.4M |
| Operating expenses | 17.6M | 67.7M | 35.6M | 30.7M | 23.8M |
| Operating income | -17.6M | -67.8M | -35.8M | -35.9M | -43.7M |
| Operating margin | — | — | — | — | — |
| Non-operating income, net | -1.6M | 1.1M | 10.9M | -20.2M | 18.7M |
| Pretax income | -19.3M | -66.7M | -30.6M | -62M | -31.4M |
| Income tax | 0 | 0 | 0 | 0 | 179K |
| Net income | -19.3M | -66.7M | -30.6M | -62M | -31.6M |
| Net margin | — | — | — | — | — |
| EBITDA | -17.5M | -66.5M | -34.3M | -30.3M | -23.5M |
| EPS | -0.45 | -37.5 | -16.1 | -27.1 | -3.95 |
| Diluted EPS | -0.45 | -37.5 | -16.1 | -27.1 | -3.95 |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 | Q3 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | — | 0 | 0 | — | — | 1.6M | 1.1M | 897K | — | — | — | — |
| Gross profit | — | 0 | 0 | — | — | -1.6M | -1.1M | -897K | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Research & development | 139K | 39K | 6K | 0 | 0 | 0 | 0 | 0 | 0 | — | — | — |
| Selling, general & administrative | 6.8M | 6M | 7.4M | 3M | 7.6M | 4.8M | 3.3M | 3.3M | 3.1M | 3.4M | 2.9M | 3.2M |
| Operating expenses | 8.6M | 7.7M | 8.8M | 4.2M | 10M | 7.9M | 6M | 5.2M | 4.6M | 5.4M | 5.5M | 5.4M |
| Operating income | -8.7M | -7.7M | -8.9M | -4.2M | -15.1M | -12.9M | -11M | -10.2M | -9.6M | -10.7M | -10.9M | -10.7M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | 12K | -2K | -1K | -21M | 748K | 2.2M | -826K | 17.3M | 6K | -4K | -11K | -1.6M |
| Pretax income | -10.3M | -9.4M | -10.6M | -25.9M | -16.1M | -12.9M | -14.3M | 5.3M | -9.5M | -10.7M | -10.9M | -12.1M |
| Income tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 179K | 0 | 0 | 0 |
| Net income | -10.3M | -9.4M | -10.6M | -25.9M | -16.1M | -12.9M | -14.3M | 5.3M | -9.7M | -10.7M | -10.9M | -12.1M |
| Net margin | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -8.3M | -7.5M | -8.8M | -4M | -10M | -7.9M | -6M | -5.2M | -4.5M | -5.4M | -5.5M | -5.2M |
| EPS | — | -4.83 | -5.52 | -10.1 | — | -4.6 | -4.83 | 0.73 | — | -0.51 | -0.48 | -0.35 |
| Diluted EPS | — | -4.83 | -5.52 | -10.1 | — | -4.6 | -4.83 | -0.97 | — | -0.51 | -0.48 | -0.35 |
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 | — | — | — | — | — | 116.2M |
| Enterprise value | — | — | — | — | — | 97.3M |
| Shares outstanding | 42.5M | 1.8M | 1.9M | 2.3M | 8M | 8M |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | 0.46 |
| P/B | — | — | — | — | — | 1.81 |
| EV/EBITDA | — | — | — | — | — | -4.45 |
| Earnings yield | — | — | — | — | — | 218.1% |
| FCF yield | — | — | — | — | — | -13.3% |
| PEG | — | — | — | — | — | -0 |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | 0% |
| Net margin | — | — | — | — | — | 0% |
| ROE | -30.9% | -106.5% | -57.2% | -579.2% | -49.9% | -67.4% |
| ROA | -29.8% | -94.1% | -30.4% | -69.3% | -44.6% | -39% |
| ROIC | -80.8% | -210.9% | -50.3% | -48.3% | -73.4% | -87.7% |
| Return on tangible assets | -29.8% | -94.1% | -30.4% | -69.3% | -44.6% | -55.6% |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Current ratio | 24.3 | 4.41 | 2.5 | 0.7 | 0.72 | 7.13 |
| Quick ratio | 24.3 | 4.41 | 2.5 | 0.7 | 0.72 | 6.5 |
| Debt / equity | 0 | 0.01 | 0.71 | 6.4 | 0 | 0 |
| Debt / assets | 0 | 0.01 | 0.38 | 0.77 | 0 | 0 |
| Net debt / EBITDA | 2.31 | 0.46 | -0.51 | -2.1 | 0.15 | 1.23 |
| Interest coverage | -3.8K | -11.1K | -3.47 | -9 | -3.86 | -2.7K |
| 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) | -0.45 | -37.5 | -16.1 | -27.1 | -3.95 | -3.95 |
| EPS (diluted) | -0.45 | -37.5 | -16.1 | -27.1 | -3.95 | -1.43 |
| Book value per share | 1.47 | 35.3 | 28.1 | 4.69 | 7.9 | 1.54 |
| FCF per share | -0.54 | -22.6 | -37.1 | -14.9 | -3.21 | -0.8 |
| Cash per share | 0.96 | 17.5 | 10.7 | 2.14 | 0.48 | 0.47 |
| Capex per share | 0.29 | 6.43 | 21 | 3.15 | — | — |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Capex / operating cash flow | -95% | -39.7% | -196.7% | -14.5% | — | — |
| Payout ratio | — | — | — | — | — | 0% |
| — |
| Q2 26 |
|---|
| Q3 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 | 40.8M | 31.1M | 20.3M | 4.9M | 3.8M |
| Receivables | — | — | — | — | — |
| Inventory | — | — | — | — | — |
| Total current assets | 41M | 32.6M | 22.1M | 6.8M | 4.6M |
| Property, plant & equipment | 21.8M | 36.4M | 77.6M | 81.4M | 63.6M |
| Goodwill & intangibles | — | — | — | — | — |
| Total assets | 64.6M | 70.9M | 100.9M | 89.5M | 70.7M |
| Accounts payable | 1.2M | 3.5M | 1.5M | 854K | 893K |
| Short-term debt | 91K | 202K | 176K | 183K | 125K |
| Total current liabilities | 1.7M | 7.4M | 8.9M | 9.7M | 6.4M |
| Long-term debt | 218K | 359K | 37.7M | 68.3M | 90K |
| Total liabilities | 2.3M | 8.2M | 47.3M | 78.8M | 7.5M |
| Shareholders' equity | 62.3M | 62.7M | 53.6M | 10.7M | 63.2M |
| Total debt | 309K | 561K | 37.9M | 68.5M | 215K |
| Net debt | -40.5M | -30.5M | 17.6M | 63.6M | -3.6M |
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 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 | Q3 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 20.3M | 11.8M | 2M | 8M | 4.9M | 6.9M | 824K | 4M | 3.8M | 5.5M | 571K | 25.4M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 22.1M | 13.1M | 3.5M | 10M | 6.8M | 8.1M | 1.5M | 4.6M | 4.6M | 5.9M | 1.1M | 25.8M |
| Property, plant & equipment | 77.6M | 81.5M | 82.5M | 85.8M | 81.4M | 76.4M | 72.1M | 67.5M | 63.6M | 60.3M | 54.9M | 49.7M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 100.9M | 95.7M | 87.1M | 97M | 89.5M | 85.8M | 74.8M | 73.4M | 70.7M | 68.7M | 58.6M | 78.1M |
| Accounts payable | 1.5M | 2M | 2.9M | 2M | 854K | 1.5M | 1.5M | 1.1M | 893K | 2.6M | 920K | 2M |
| Short-term debt | 176K | 163K | 145K | 187K | 183K | 163K | 144K | 135K | 125K | 128K | 131K | 123K |
| Total current liabilities | 8.9M | 9.2M | 9M | 7.3M | 9.7M | 7.5M | 9.4M | 6.1M | 6.4M | 7.4M | 5.9M | 4M |
| Long-term debt | 37.7M | 41M | 42.4M | 63.5M | 68.3M | 75.3M | 72.9M | 123K | 90K | 57K | 24K | 0 |
| Total liabilities | 47.3M | 51M | 52.1M | 71.5M | 78.8M | 83.7M | 83.2M | 7.1M | 7.5M | 8.5M | 7M | 5.1M |
| Shareholders' equity | 53.6M | 44.8M | 35M | 25.5M | 10.7M | 2.1M | -8.4M | 66.3M | 63.2M | 60.2M | 51.6M | 73M |
| Total debt | 37.9M | 41.2M | 42.6M | 63.6M | 68.5M | 75.5M | 73.1M | 258K | 215K | 185K | 155K | 123K |
| Net debt | 17.6M | 29.4M | 40.5M | 55.7M | 63.6M | 68.6M | 72.3M | -3.8M | -3.6M | -5.3M | -416K | -25.3M |
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 | -19.3M | -66.7M | -30.6M | -62M | -31.6M |
| Depreciation & amortization | 31K | 237K | 348K | 5.3M | 20.1M |
| Stock-based compensation | 6.4M | 6.7M | 5M | 3.5M | 2.1M |
| Change in working capital | 0 | -6K | 0 | — | — |
| Operating cash flow | -12.8M | -28.7M | -20.4M | -49.6M | -23.6M |
| Capital expenditure | -12.2M | -11.4M | -40.1M | -7.2M | — |
| Investing cash flow | -13M | -11.4M | -39.3M | -7.2M | — |
| Dividends paid | — | — | — | — | — |
| Share repurchases | — | — | — | — | — |
| Financing cash flow | 28.5M | 25.4M | 55.8M | 18.6M | 24.5M |
| Net change in cash | 2.8M | -14.7M | -3.9M | -38.2M | 909K |
| Free cash flow | -23.1M | -40M | -70.8M | -34.1M | -25.7M |
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 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 | Q3 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -10.3M | -9.4M | -10.6M | -25.9M | -16.1M | -12.9M | -14.3M | 5.3M | -9.7M | -10.7M | -10.9M | -12.1M |
| Depreciation & amortization | 92K | 93K | 93K | 93K | 5M | 5M | 5M | 5M | 5M | 5.3M | 5.4M | 5.3M |
| Stock-based compensation | 702K | 599K | 906K | 583K | 1.4M | 1.4M | 179K | 312K | 258K | 302K | 318K | 317K |
| Change in working capital | — | — | — | — | — | — | — | — | — | — | — | — |
| Operating cash flow | -8M | -7.2M | -8.1M | -24.8M | -9.5M | -6.2M | -8.6M | 10.1M | -6.2M | -4.3M | -5.2M | -4.3M |
| Capital expenditure | -10M | -1.6M | -1.9M | -2.4M | -1.3M | -400K | -381K | -614K | — | — | — | — |
| Investing cash flow | -10M | -1.6M | -1.9M | -2.4M | -1.3M | -400K | -381K | -614K | — | — | — | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 4.2M | -10K | -10K | 15.8M | 5.5M | 8.7M | -344K | 9.6M | 6.6M | 7.4M | -312K | 33.6M |
| Net change in cash | -13.9M | -8.8M | -10M | -11.4M | -5.3M | 2.2M | -9.3M | 19.1M | 378K | 3.1M | -5.5M | 29.3M |
| Free cash flow | -16.6M | -8.5M | -9.7M | -7.3M | -8.5M | -6.9M | -5.7M | -6.3M | -6.8M | -5.7M | -6.8M | -8.7M |