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 | — | -$46.6 | — | — | $107K | — |
| FY22 | — | -$72 | — | — | $861K | — |
| FY21 | — | -$44.4 | — | — | $18.5M | — |
| FY20 | — | -$25.7 | — | — | $7.7M | — |
| FY19 | — | -$17.9 | — | — | $10.2M | — |
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 |
|---|---|---|---|---|---|
| Revenue | $10.2M | $7.7M | $18.5M | $861K | $107K |
| YoY change | — | -24% | +140.1% | -95.4% | -87.6% |
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 | Q1 24 | Q2 24 |
|---|---|---|---|---|---|---|
| Revenue | $107K | $0 | $0 | $0 | $0 |
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 |
|---|---|---|---|---|---|
| Revenue | 10.2M | 7.7M | 18.5M | 861K | 107K |
| Cost of revenue | 314K | 0 | — | — | — |
| Gross profit | 9.8M | 7.7M | — | — | — |
| Gross margin | 96.9% | 100% | — | — | — |
| Research & development | 23.5M | 33.1M | 57.3M | 52.9M | 7.2M |
| Selling, general & administrative | 7.4M | 14M | 21.2M | 36.2M | 26.9M |
| Operating expenses | 31M | 47.2M | 78.5M | 89.1M | 34.1M |
| Operating income | -21.1M | -39.4M | -60M | -88.2M | -34M |
| Operating margin | -208.2% | -510.9% | -323.7% | -10.2K% | -31.8K% |
| Non-operating income, net | -100K | -11K | 1.8M | -26.7M | -45.8M |
| Pretax income | -20.8M | -39.3M | -58.2M | -114.6M | -78.2M |
| Income tax | 0 | 0 | 0 | 0 | -3.5M |
| Net income | -20.8M | -39.3M | -58.2M | -114.6M | -74.8M |
| Net margin | -204.4% | -509.7% | -313.8% | -13.3K% | -69.9K% |
| EBITDA | -20.5M | -38.6M | -59.5M | -55.3M | 17.4M |
| EPS | -17.9 | -25.7 | -44.4 | -72 | -46.6 |
| Diluted EPS | -17.9 | -25.7 | -44.4 | -72 | -46.6 |
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 | Q1 24 | Q2 24 |
|---|---|---|---|---|---|---|
| Revenue | 107K | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — |
| Research & development | 7M | 203K | 0 | 0 | 0 | 0 |
| Selling, general & administrative | 9.6M | 8.9M | 3.7M | 4.7M | 5.2M | 6.1M |
| Operating expenses | 16.6M | 9.1M | 3.7M | 4.7M | 5.2M | 6.1M |
| Operating income | -16.5M | -9.1M | -3.7M | -4.7M | -5.2M | -6.1M |
| Operating margin | -15.4K% | — | — | — | — | — |
| Non-operating income, net | -49.7M | 1.7M | 927K | 1.3M | 1M | 1M |
| Pretax income | -65.8M | -7M | -2.4M | -3M | -3.9M | -4.8M |
| Income tax | -3.5M | 0 | 0 | 0 | 0 | 0 |
| Net income | -62.3M | -7M | -2.4M | -3M | -3.9M | -4.8M |
| Net margin | -58.3K% | — | — | — | — | — |
| EBITDA | 35.6M | -9.7M | -3.6M | -4.9M | -5.1M | -6.1M |
| EPS | -39.9 | -4.33 | -1.51 | — | -2.41 | -3.01 |
| Diluted EPS | -39.9 | -4.33 | -1.51 | — | -2.41 | -3.01 |
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 |
|---|---|---|---|---|---|
| Cash & short-term investments | 42.2M | 99.7M | 133.5M | 71M | 25.1M |
| Receivables | 1.2M | 1M | 494K | 144K | 0 |
| Inventory | — | — | — | — | — |
| Total current assets | 48.6M | 106.2M | 142.6M | 74.6M | 25.8M |
| Property, plant & equipment | 3.8M | 7M | 24.7M | 48.7M | 27.2M |
| Goodwill & intangibles | 101.9M | 101.9M | 101.9M | 65.8M | 0 |
| Total assets | 103.6M | 165.3M | 225.4M | 162.9M | 55.4M |
| Accounts payable | 655K | 2.6M | 3.7M | 1.1M | 141K |
| Short-term debt | — | — | 1.1M | 3.4M | 1.7M |
| Total current liabilities | 7.3M | 11.5M | 14.8M | 14.7M | 4.1M |
| Long-term debt | — | 1.8M | 4.9M | 48.9M | 28.4M |
| Total liabilities | 163.1M | 261.1M | 23.1M | 67.2M | 32.5M |
| Shareholders' equity | -59.5M | -95.7M | 202.2M | 95.7M | 22.9M |
| Total debt | — | 1.8M | 6M | 52.3M | 30.1M |
| Net debt | — | -97.9M | -127.5M | -18.7M | 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 | Q1 23 | Q2 23 | Q3 23 | Q4 23 | Q1 24 | Q2 24 |
|---|---|---|---|---|---|---|
| Cash & short-term investments | 41.7M | 34.1M | 28.8M | 25.1M | 20.8M | 16M |
| Receivables | 107K | 0 | 0 | 0 | — | — |
| Inventory | — | — | — | — | — | — |
| Total current assets | 43.4M | 36.5M | 29.9M | 25.8M | 21.2M | 17.3M |
| Property, plant & equipment | 33.1M | 28M | 27.2M | 27.2M | 26.6M | 25.9M |
| Goodwill & intangibles | 0 | 0 | 0 | 0 | — | — |
| Total assets | 79M | 66.9M | 59.5M | 55.4M | 50.1M | 45.6M |
| Accounts payable | 2.6M | 432K | 357K | 141K | 47K | 29K |
| Short-term debt | 3.3M | 1.7M | 2M | 1.7M | 2M | 2.1M |
| Total current liabilities | 13.2M | 9.6M | 4.9M | 4.1M | 3.5M | 4.5M |
| Long-term debt | 32.9M | 29.4M | 28.8M | 28.4M | 27.6M | 26.9M |
| Total liabilities | 46.1M | 39M | 33.7M | 32.5M | 31.1M | 31.4M |
| Shareholders' equity | 33M | 27.9M | 25.8M | 22.9M | 19M | 14.2M |
| Total debt | 36.1M | 31M | 30.8M | 30.1M | 29.6M | 29M |
| Net debt | -5.5M | -3M | 2M | 5M | 8.8M | 13M |
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 | Current |
|---|---|---|---|---|---|---|
| Market cap | — | — | — | — | — | 16.9M |
| Enterprise value | — | — | — | — | — | 25.8M |
| Shares outstanding | 1.2M | 1.5M | 1.3M | 1.6M | 1.6M | 1.6M |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | Current |
|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | -0.23 |
| P/S | — | — | — | — | — | 157.6 |
| P/B | — | — | — | — | — | 1.04 |
| EV/EBITDA | — | — | — | — | — | -1.32 |
| EV/Sales | — | — | — | — | — | 241 |
| Earnings yield | — | — | — | — | — | -443.7% |
| FCF yield | — | — | — | — | — | -94.7% |
| PEG | — | — | — | — | — | 0.01 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | Current |
|---|---|---|---|---|---|---|
| Gross margin | 96.9% | 100% | — | — | — | — |
| Operating margin | -208.2% | -510.9% | -323.7% | -10.2K% | -31.8K% | -31.8K% |
| Net margin | -204.4% | -509.7% | -313.8% | -13.3K% | -69.9K% | 0% |
| ROE | 34.9% | 41.1% | -28.8% | -119.8% | -326.6% | -67.3% |
| ROA | -20% | -23.8% | -25.8% | -70.4% | -135% | -21.9% |
| ROIC | 20.8% | 20.4% | -80.2% | -114.5% | -121.9% | -72.5% |
| Return on tangible assets | -1.3K% | -62% | -47.1% | -118% | -135% | -31.1% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | Current |
|---|---|---|---|---|---|---|
| Current ratio | 6.64 | 9.24 | 9.64 | 5.08 | 6.33 | 3.87 |
| Quick ratio | 6.64 | 9.24 | 9.64 | 5.08 | 6.33 | 3.87 |
| Debt / equity | — | -0.02 | 0.03 | 0.55 | 1.32 | 2.04 |
| Debt / assets | — | 0.01 | 0.03 | 0.32 | 0.54 | 0.64 |
| Net debt / EBITDA | — | 2.53 | 2.14 | 0.34 | 0.29 | -0.66 |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | Current |
|---|---|---|---|---|---|---|
| Revenue per share | 8.78 | 5.05 | 14.2 | 0.54 | 0.07 | 0.07 |
| EPS (basic) | -17.9 | -25.7 | -44.4 | -72 | -46.6 | -46.6 |
| EPS (diluted) | -17.9 | -25.7 | -44.4 | -72 | -46.6 | -8.8 |
| Book value per share | -51.5 | -62.6 | 154.8 | 60.2 | 14.3 | 8.86 |
| FCF per share | -15.8 | -22.2 | -63.6 | -48.5 | -19.6 | -11.2 |
| Cash per share | 36.5 | 65.2 | 102.1 | 44.7 | 15.7 | 9.99 |
| Capex per share | 0.84 | 1.72 | 12.2 | 1.37 | 0.83 | 0.04 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | Current |
|---|---|---|---|---|---|---|
| Capex / revenue | 9.58% | 34.1% | 85.9% | 253.4% | 1.2K% | 1.2K% |
| Capex / operating cash flow | -4.93% | -9.37% | -23.7% | -2.24% | -1.83% | -0.52% |
| Payout ratio | — | — | — | — | — | 0% |
| $0 |
| YoY change | — | — | — | — | -100% | 0% |
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 | FY19 | FY20 | FY21 | FY22 | FY23 |
|---|---|---|---|---|---|
| Net income | -20.8M | -39.3M | -58.2M | -114.6M | -74.8M |
| Depreciation & amortization | 482K | 790K | 2.3M | 5.5M | 1.5M |
| Stock-based compensation | 606K | 3.1M | 4.2M | 7.8M | 1.9M |
| Change in working capital | -82K | 7.4M | -16.5M | 728K | 288K |
| Operating cash flow | -19.7M | -28.1M | -67.2M | -97.5M | -72.6M |
| Capital expenditure | -973K | -2.6M | -15.9M | -2.2M | 1.3M |
| Investing cash flow | -973K | -2.6M | -15.9M | -2.2M | 1.3M |
| Dividends paid | — | — | — | — | — |
| Share repurchases | -245K | 0 | — | — | — |
| Financing cash flow | 53.1M | 91.4M | 115.9M | 14.6M | -16.2M |
| Net change in cash | 32.4M | 60.7M | 32.7M | -85.1M | -87.4M |
| Free cash flow | -18.3M | -34M | -83.1M | -77M | -31.5M |
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 | Q1 24 | Q2 24 |
|---|---|---|---|---|---|---|
| Net income | -62.3M | -7M | -2.4M | -3M | -3.9M | -4.8M |
| Depreciation & amortization | 1.4M | 57K | 52K | 44K | 43K | 44K |
| Stock-based compensation | 1.2M | 300K | 335K | 114K | 28K | 15K |
| Change in working capital | 2.8M | -1.7M | -347K | -459K | -657K | -592K |
| Operating cash flow | -59.5M | -8.1M | -1.7M | -3.3M | -3.9M | -4.8M |
| Capital expenditure | -14K | 1.3M | 20K | 51K | 0 | 0 |
| Investing cash flow | -14K | 1.3M | 20K | 51K | 0 | 0 |
| Dividends paid | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — |
| Financing cash flow | -16.2M | 4K | 0 | -1.2M | 0 | 0 |
| Net change in cash | -75.6M | -6.8M | -1.6M | -4.4M | -3.9M | -4.8M |
| Free cash flow | -13.4M | -9.2M | -5.3M | -3.7M | -4.4M | -4.7M |