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 % |
|---|---|---|---|---|---|---|
| Q4 23 | -$0.3 | -$0.28 | +6.7% | — | $0 | — |
| Q3 23 | -$0.42 | -$0.57 | -35.7% | — | $0 | — |
| Q2 23 | -$0.47 | -$0.61 | -29.8% | — | $354K | — |
| Q1 23 | -$0.53 | -$0.5 | +5.7% | — | $802K | — |
| Q4 22 | -$0.5 | -$0.6 | -20.0% | — | — | — |
| Q3 22 | -$0.47 | -$0.59 | -25.5% | — | — | — |
| Q2 22 | -$0.56 | -$0.51 | +8.9% | — | — | — |
| Q1 22 | -$0.35 | -$0.2 | +42.9% | — | — | — |
| Q4 21 | -$0.59 | -$0.59 | 0.0% | — | — | — |
| Q3 21 | -$0.6 | -$0.54 | +10.0% | — | — | — |
| Q2 21 | -$0.59 | -$0.54 | +8.5% | — | — | — |
| Q1 21 | -$0.67 | -$0.02 | +97.0% | — | — | — |
| Q4 20 | -$0.68 | -$0.62 | +8.8% | — | — | — |
| Q3 20 | -$0.8 | -$0.62 | +22.5% | — | — | — |
| Q2 20 | -$0.76 | -$0.78 | -2.6% | — | — | — |
| Q1 20 | -$0.68 | -$0.78 | -14.7% | — | — | — |
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 % |
|---|---|---|---|---|---|---|
| FY23 | — | -$1.95 | — | — | $1.2M | — |
| FY22 | — | -$0.09 | — | — | $3.2M | — |
| FY21 | — | -$1.73 | — | — | $34M | — |
| FY20 | — | -$2.8 | — | — | $2.7M | — |
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 | FY23 |
|---|---|---|---|---|
| Revenue | $2.7M | $34M | $3.2M | $1.2M |
| YoY change | — | +1.2K% | -90.6% | -64% |
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 | Q4 23 |
|---|---|---|---|---|
| Revenue | $802K | $354K | $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 | FY23 |
|---|---|---|---|---|
| Revenue | 2.7M | 34M | 3.2M | 1.2M |
| Cost of revenue | — | — | — | — |
| Gross profit | — | — | — | — |
| Gross margin | — | — | — | — |
| Research & development | 100.4M | 93.1M | 98.4M | 62M |
| Selling, general & administrative | 32.6M | 36.8M | 38.1M | 31.3M |
| Operating expenses | 133M | 129.9M | 136.5M | 93.3M |
| Operating income | -130.3M | -95.9M | -133.3M | -92.1M |
| Operating margin | -4.8K% | -282.4% | -4.2K% | -8K% |
| Non-operating income, net | — | — | 131.2M | -560K |
| Pretax income | -128.7M | -95.8M | 1.2M | -87.1M |
| Income tax | — | 0 | 715K | 0 |
| Net income | -128.7M | -95.8M | -5M | -113M |
| Net margin | -4.8K% | -281.9% | -156% | -9.8K% |
| EBITDA | -122.3M | -87.6M | -263.2M | -91M |
| EPS | -2.8 | -1.73 | -0.09 | -1.95 |
| Diluted EPS | -2.8 | -1.73 | -0.09 | -1.95 |
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 | Q4 23 |
|---|---|---|---|---|
| Revenue | 802K | 354K | 0 | 0 |
| Cost of revenue | — | — | — | — |
| Gross profit | — | — | — | — |
| Gross margin | — | — | — | — |
| Research & development | 20M | 23M | 17.5M | 1.5M |
| Selling, general & administrative | 8.3M | 8.2M | 6.8M | 7.9M |
| Operating expenses | 28.3M | 31.2M | 24.4M | 9.4M |
| Operating income | -27.5M | -30.8M | -24.4M | -9.4M |
| Operating margin | -3.4K% | -8.7K% | — | — |
| Non-operating income, net | — | — | -6.6M | 6.1M |
| Pretax income | -26M | -29.3M | -29.6M | -2.2M |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -28.8M | -35M | -33M | -16.1M |
| Net margin | -3.6K% | -9.9K% | — | — |
| EBITDA | -27.3M | -30.6M | -17.6M | -15.5M |
| EPS | -0.5 | -0.61 | -0.57 | — |
| Diluted EPS | -0.5 | -0.61 | -0.57 | — |
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 | FY23 |
|---|---|---|---|---|---|---|
| Cash & short-term investments | 214.7M | — | 217.4M | 155.9M | 175M | 82.7M |
| Receivables | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — |
| Total current assets | 221.7M | — | 219.6M | 191.9M | 181M | 83.9M |
| Property, plant & equipment | 35.6M | 30.9M | 42.9M | 17.9M | 21.6M | 650K |
| Goodwill & intangibles | — | — | — | — | — | — |
| Total assets | 259.1M | — | 263.7M | 211.7M | 228.5M | 84.6M |
| Accounts payable | 15.7M | — | 4.7M | 2.4M | 1.1M | 3.2M |
| Short-term debt | — | — | 2.5M | 246K | 1.6M | 1.3M |
| Total current liabilities | 20.4M | — | 22.7M | 17.2M | 22.6M | 11.6M |
| Long-term debt | — | — | 12.9M | 23.7M | 27.9M | 0 |
| Total liabilities | 20.4M | — | 67.7M | 42.1M | 50.5M | 11.6M |
| Shareholders' equity | -97.5M | — | 196M | 169.7M | 178M | 73M |
| Total debt | — | — | 15.4M | 23.9M | 29.5M | 1.3M |
| Net debt | — | — | -202M | -84.4M | -4.5M | -37.9M |
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 | Q4 23 |
|---|---|---|---|---|
| Cash & short-term investments | 150M | 127.1M | 103.3M | 82.7M |
| Receivables | — | — | — | — |
| Inventory | — | — | — | — |
| Total current assets | 153.6M | 131.3M | 106.6M | 83.9M |
| Property, plant & equipment | 21.3M | 20.7M | 19.5M | 650K |
| Goodwill & intangibles | — | — | — | — |
| Total assets | 197.9M | 169.3M | 140.1M | 84.6M |
| Accounts payable | 3.6M | 3.4M | 7.8M | 3.2M |
| Short-term debt | 1.6M | 1.7M | 1.8M | 1.3M |
| Total current liabilities | 18.5M | 22.9M | 25.3M | 11.6M |
| Long-term debt | 27.5M | 27M | 26.6M | 0 |
| Total liabilities | 46M | 50M | 51.9M | 11.6M |
| Shareholders' equity | 151.9M | 119.4M | 88.2M | 73M |
| Total debt | 29.1M | 28.7M | 28.3M | 1.3M |
| Net debt | -10.4M | -48.1M | -773K | -37.9M |
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 | FY23 | Current |
|---|---|---|---|---|---|---|---|
| Market cap | — | — | — | — | — | — | 42.1M |
| Enterprise value | — | — | — | — | — | — | 4.2M |
| Shares outstanding | — | — | 45.9M | 55.3M | 57.4M | 57.8M | 57.8M |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | Current |
|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | -4.73 |
| P/S | — | — | — | — | — | — | 36.4 |
| EV/EBITDA | — | — | — | — | — | — | -0.05 |
| EV/Sales | — | — | — | — | — | — | 3.6 |
| Earnings yield | — | — | — | — | — | — | -21.1% |
| FCF yield | — | — | — | — | — | — | -268.2% |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | Current |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | -4.8K% | -282.4% | -4.2K% | -8K% | -8K% |
| Net margin | — | — | -4.8K% | -281.9% | -156% | -9.8K% | -9.8K% |
| ROE | — | — | -65.7% | -56.4% | -2.81% | -154.8% | -154.8% |
| ROA | — | — | -48.8% | -45.2% | -2.19% | -133.6% | -133.6% |
| ROIC | — | — | — | -254.4% | -165.7% | 1.1K% | 1.1K% |
| Return on tangible assets | — | — | -48.8% | -45.2% | -2.19% | -133.6% | -133.6% |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | Current |
|---|---|---|---|---|---|---|---|
| Current ratio | — | — | 9.69 | 11.1 | 8.02 | 7.25 | 7.25 |
| Quick ratio | — | — | 9.69 | 11.1 | 8.02 | 7.25 | 7.25 |
| Debt / equity | — | — | 0.08 | 0.14 | 0.17 | 0.02 | 0 |
| Debt / assets | — | — | 0.06 | 0.11 | 0.13 | 0.02 | 0.02 |
| Net debt / EBITDA | — | — | 1.65 | 1.51 | 0.55 | 0.89 | 0.89 |
| Effective tax rate | — | — | — | 0% | 59.7% | 0% | 0% |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | Current |
|---|---|---|---|---|---|---|---|
| Revenue per share | — | — | 0.06 | 0.61 | 0.06 | 0.02 | 0.02 |
| EPS (basic) | — | — | -2.8 | -1.73 | -0.09 | -1.95 | -1.95 |
| EPS (diluted) | — | — | -2.8 | -1.73 | -0.09 | -1.95 | -1.95 |
| Book value per share | — | — | 4.27 | 3.07 | 3.1 | 1.26 | 1.26 |
| FCF per share | — | — | -2.14 | -2.03 | -2 | -1.67 | -35 |
| Cash per share | — | — | 4.74 | 2.82 | 3.05 | 1.43 | 1.43 |
| Capex per share | — | — | 0.08 | 0.04 | 0.02 | 0.01 | 0.01 |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | Current |
|---|---|---|---|---|---|---|---|
| Capex / revenue | — | — | 138.2% | 7.05% | 40.1% | 28.2% | 67.6% |
| Capex / operating cash flow | — | — | -3.75% | -2.23% | 22.4% | -0.29% | -0.7% |
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 |
|---|---|---|---|---|
| Net income | -128.7M | -95.8M | -5M | -113M |
| Depreciation & amortization | 8M | 8.4M | 1.3M | 578K |
| Stock-based compensation | 13.2M | 17.2M | 13.1M | 7.3M |
| Change in working capital | 7M | -38.3M | -4.9M | -511K |
| Operating cash flow | -99.5M | -107.3M | 5.7M | -112.4M |
| Capital expenditure | -3.7M | -2.4M | -1.3M | 326K |
| Investing cash flow | 204.9M | -50.8M | 36.7M | 101.3M |
| Dividends paid | — | — | — | — |
| Share repurchases | — | — | — | — |
| Financing cash flow | 52M | 51.2M | 0 | — |
| Net change in cash | 157.4M | -106.9M | 42.5M | -11M |
| Free cash flow | -98.1M | -112.1M | -114.9M | -96.5M |
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 | Q4 23 |
|---|---|---|---|---|
| Net income | -28.8M | -35M | -33M | -16.1M |
| Depreciation & amortization | 225K | 217K | 136K | 0 |
| Stock-based compensation | 2.4M | 2.4M | 1.7M | 847K |
| Change in working capital | 1.3M | -974K | 4M | -4.9M |
| Operating cash flow | -24.6M | -33M | -26.7M | -28M |
| Capital expenditure | -228K | 0 | 338K | 216K |
| Investing cash flow | 31.4M | 61M | -22.8M | 31.7M |
| Dividends paid | — | — | — | — |
| Share repurchases | — | — | — | — |
| Financing cash flow | — | — | — | — |
| Net change in cash | 6.8M | 28M | -49.5M | 3.7M |
| Free cash flow | -26.3M | -23.7M | -24.9M | -21.6M |