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 % |
|---|---|---|---|---|---|---|
| Q2 26 | -$0.22 | -$0.22 | 0.0% | — | $0 | — |
| Q1 26 | -$0.3 | -$0.25 | +16.7% | — | $0 | — |
| Q4 25 | -$0.3 | -$0.31 | -3.3% | — | $0 | — |
| Q3 25 | -$0.29 | -$0.31 | -6.9% | — | $0 | — |
| Q2 25 | -$0.29 | -$0.28 | +3.4% | — | $0 | — |
| Q1 25 | -$0.29 | -$0.28 | +3.4% | — | $0 | — |
| Q4 24 | -$0.29 | -$0.31 | -6.9% | — | $0 | — |
| Q3 24 | -$0.4 | -$0.46 | -15.0% | — | $0 | — |
| Q2 24 | $0.06 | $0.87 | +1350.0% | — | $80M | — |
| Q1 24 | -$0.44 | -$0.43 | +2.3% | — | $0 | — |
| Q4 23 | -$0.43 | -$0.4 | +7.0% | — | $871K | — |
| Q3 23 | -$0.44 | -$0.39 | +11.4% | — | $759K | — |
| Q2 23 | -$0.44 | -$0.38 | +13.6% | — | $880K | — |
| Q1 23 | -$0.46 | -$0.41 | +10.9% | — | $295K | — |
| Q4 22 | -$0.48 | -$0.5 | -4.2% | — | $685K | — |
| Q3 22 | -$0.61 | -$0.5 | +18.0% | — | $1.2M | — |
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 | — | -$1.18 | — | — | $0 | — |
| FY24 | — | -$0.16 | — | — | $80M | — |
| FY23 | — | -$1.59 | — | — | $2.8M | — |
| FY22 | — | -$2.44 | — | — | $6.3M | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $8.8M | $19.2M | $6.3M | $2.8M | $80M | $0 |
| YoY change | — | 0% | 0% | +InfinityT% | +117.2% | -66.9% | -55.8% | +2.8K% | -100% |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 8.8M | 19.2M | 6.3M | 2.8M | 80M | 0 |
| Cost of revenue | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — |
| Research & development | 18.5M | 25.2M | 71.1M | 59M | 69.7M | 76.8M | 71.8M | 63.4M | 56.1M |
| Selling, general & administrative | 4.5M | 8.3M | 13.1M | 21.4M | 30.5M | 41.7M | 41.7M | 36.4M | 28.7M |
| Operating expenses | 23M | 33.5M | 84.2M | 80.4M | 100.2M | 118.5M | 113.5M | 99.8M | 84.8M |
| Operating income | -23M | -33.5M | -84.2M | -71.6M | -81.1M | -112.1M | -110.7M | -19.8M | -84.8M |
| Operating margin | — | — | — | -811.6% | -423% | -1.8K% | -3.9K% | -24.8% | — |
| Non-operating income, net | 28K | 392K | 1.5M | 792K | 207K | 2.3M | 13.3M | 10.1M | 9.9M |
| Pretax income | -23M | -32.6M | -82.7M | -70.8M | -80.8M | -109.9M | -97.3M | -9.7M | -74.9M |
| Income tax | — | — | — | — | — | — | — | — | — |
| Net income | -23M | -32.6M | -82.7M | -70.8M | -80.8M | -109.9M | -97.3M | -9.7M | -74.9M |
| Net margin | — | — | — | -802.7% | -421.9% | -1.7K% | -3.5K% | -12.2% | — |
| EBITDA | -22.3M | -32.2M | -82.2M | -69.2M | -78.5M | -109.3M | -108.5M | -16.2M | -83.4M |
| EPS | -2.32 | -2.31 | -8.13 | -2.79 | -2.29 | -2.44 | -1.59 | -0.16 | -1.18 |
| Diluted EPS | -2.32 | -2.31 | -8.13 | -2.79 | -2.29 | -2.44 | -1.59 | -0.16 | -1.18 |
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 | 759K | 871K | 0 | 80M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Research & development | 18.2M | 19M | 19.8M | 17.3M | 14.6M | 11.7M | 13.4M | 13M | 14.3M | 15.4M | 14.1M | 12.4M |
| Selling, general & administrative | 10M | 9.9M | 10.1M | 10.2M | 8.4M | 7.7M | 7M | 6.8M | 7.6M | 7.3M | 8.1M | 7.5M |
| Operating expenses | 28.2M | 28.9M | 29.8M | 27.5M | 23.1M | 19.4M | 20.4M | 19.8M | 21.9M | 22.7M | 22.2M | 19.9M |
| Operating income | -27.4M | -28M | -29.8M | 52.5M | -23.1M | -19.4M | -20.4M | -19.8M | -21.9M | -22.7M | -22.2M | -19.9M |
| Operating margin | -3.6K% | -3.2K% | — | 65.6% | — | — | — | — | — | — | — | — |
| Non-operating income, net | 3.4M | 3.2M | 3M | 2.9M | 1.4M | 2.9M | 2.7M | 2.5M | 2.3M | 2.4M | 3.3M | -6.3M |
| Pretax income | -24M | -24.8M | -26.9M | 55.4M | -21.7M | -16.6M | -17.7M | -17.3M | -19.6M | -20.3M | -18.9M | -26.2M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — |
| Net income | -24M | -24.8M | -26.9M | 55.4M | -21.7M | -16.6M | -17.7M | -17.3M | -19.6M | -20.3M | -18.9M | -26.2M |
| Net margin | -3.2K% | -2.8K% | — | 69.3% | — | — | — | — | — | — | — | — |
| EBITDA | -26.9M | -27.5M | -29.4M | 52.9M | -20.6M | -19.1M | -20.1M | -19.5M | -21.5M | -22.3M | -21.8M | -10.3M |
| EPS | -0.39 | -0.4 | -0.43 | 0.89 | -0.35 | -0.31 | -0.28 | -0.28 | -0.31 | -0.31 | -0.25 | -0.34 |
| Diluted EPS | -0.39 | -0.4 | -0.43 | 0.87 | -0.35 | -0.31 | -0.28 | -0.28 | -0.31 | -0.31 | -0.25 | -0.34 |
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 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| Market cap | — | — | — | — | — | — | — | 291.3M | 716.5M | 283.8M |
| Enterprise value | — | — | — | — | — | — | — | 58.9M | 370.7M | -28.2M |
| Shares outstanding | 11M | 16.9M | 11M | 25.4M | 35.4M | 45M | 61.3M | 62M | 63.4M | 63.4M |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | — | — | -3.16 |
| P/S | — | — | — | — | — | — | — | 3.64 | — | — |
| P/B | — | — | — | — | — | — | — | 1.2 | 2.05 | 0.92 |
| EV/EBITDA | — | — | — | — | — | — | — | -3.64 | -4.45 | 0.33 |
| EV/Sales | — | — | — | — | — | — | — | 0.74 | — | — |
| Earnings yield | — | — | — | — | — | — | — | — | — | -31.7% |
| FCF yield | — | — | — | — | — | — | — | -0.86% | -8.43% | -13.2% |
| PEG | — | — | — | — | — | — | — | — | — | -0.15 |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | -811.6% | -423% | -1.8K% | -3.9K% | -24.8% | — | 0% |
| Net margin | — | — | — | -802.7% | -421.9% | -1.7K% | -3.5K% | -12.2% | — | 0% |
| ROE | -1.7K% | -42.9% | -94.9% | -74.4% | -38.2% | -55.2% | -41.4% | -4% | -21.5% | -32.4% |
| ROA | -529.1% | -38% | -74.9% | -54.7% | -34.4% | -48.5% | -37.8% | -3.73% | -20.4% | -19.6% |
| Return on tangible assets | -529.1% | -38% | -74.9% | -54.7% | -34.4% | -48.5% | -37.8% | -3.73% | -20.4% | -26.2% |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 0.48 | 17.5 | 8.24 | 4.47 | 11.8 | 12.4 | 17.7 | 22.6 | 27.4 | 31.4 |
| Quick ratio | 0.48 | 17.5 | 8.24 | 4.47 | 11.8 | 12.4 | 17.7 | 22.6 | 27.4 | 31.4 |
| Debt / equity | — | 0 | 0 | 0 | 0 | 0.07 | 0.05 | 0.04 | 0.02 | 0.02 |
| Debt / assets | — | 0 | 0 | 0 | 0 | 0.06 | 0.04 | 0.03 | 0.02 | 0.02 |
| Net debt / EBITDA | — | 2.26 | 1.18 | 1.63 | 2.78 | 1.73 | 2.08 | 14.4 | 4.15 | 4.13 |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 0 | 0.35 | 0.54 | 0.14 | 0.05 | 1.29 | 0 | 0 |
| EPS (basic) | -2.32 | -2.31 | -8.13 | -2.79 | -2.29 | -2.44 | -1.59 | -0.16 | -1.18 | -1.18 |
| EPS (diluted) | -2.32 | -2.31 | -8.13 | -2.79 | -2.29 | -2.44 | -1.59 | -0.16 | -1.18 | -1.21 |
| Book value per share | 0.12 | 4.49 | 7.89 | 3.75 | 5.98 | 4.42 | 3.84 | 3.92 | 5.51 | 4.07 |
| FCF per share | -2.01 | -1.86 | -3.65 | -2.17 | -2.27 | -2.2 | -1.49 | -0.04 | -0.95 | -0.87 |
| Cash per share | 0.04 | 4.3 | 8.76 | 4.45 | 6.17 | 4.51 | 3.85 | 3.89 | 5.56 | 4.18 |
| Capex per share | 0.17 | 0.53 | 0.08 | 0.05 | 0.05 | 0.04 | 0.01 | 0 | — | — |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| Capex / revenue | — | — | — | 15.2% | 8.94% | 31% | 18.1% | 0.35% | — | — |
| Capex / operating cash flow | -9.33% | -37.8% | -2.13% | -2.36% | -2.12% | -2.01% | -0.61% | 6.08% | — | — |
| Payout ratio | — | — | — | — | — | — | — | — | — | 0% |
| FY21 |
| — |
| -$2.29 |
| — |
| — |
| $19.2M |
| — |
| FY20 | — | -$2.79 | — | — | $8.8M | — |
| FY19 | — | -$8.13 | — | — | $0 | — |
| FY18 | — | -$2.31 | — | — | $0 | — |
| FY17 | — | -$2.32 | — | — | $0 | — |
| 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 | $759K | $871K | $0 | $80M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| YoY change | -35.8% | +27.2% | -100% | +9K% | -100% | -100% | 0% | -100% | 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 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 407K | 72.8M | 96.7M | 112.9M | 218.2M | 202.9M | 236.2M | 241M | 352.3M |
| Receivables | — | — | 0 | 2M | 2.5M | 0 | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — |
| Total current assets | 1.3M | 74.1M | 100.1M | 119.5M | 226M | 207.5M | 242.2M | 249.9M | 357.5M |
| Property, plant & equipment | 2.9M | 10.5M | 9.2M | 8.4M | 7.4M | 16M | 12.4M | 9.6M | 7.1M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — |
| Total assets | 4.3M | 85.8M | 110.4M | 129.6M | 235M | 226.7M | 257.7M | 260.7M | 366.3M |
| Accounts payable | 1.7M | 1.3M | 2.2M | 4.1M | 4.8M | 3.6M | 2.8M | 1.2M | 1.6M |
| Short-term debt | — | 46K | 50K | 17K | — | 2.6M | 2.2M | 2.2M | 2.4M |
| Total current liabilities | 2.8M | 4.2M | 12.1M | 26.7M | 19.2M | 16.7M | 13.7M | 11M | 13M |
| Long-term debt | — | — | — | — | 0 | 10.8M | 8.6M | 6.4M | 4M |
| Total liabilities | 3M | 9.8M | 23.3M | 34.4M | 23.5M | 27.7M | 22.5M | 17.7M | 17.3M |
| Shareholders' equity | 1.3M | 76M | 87.2M | 95.2M | 211.5M | 198.9M | 235.2M | 243M | 349M |
| Total debt | — | 46K | 50K | 17K | 0 | 13.4M | 10.8M | 8.6M | 6.4M |
| Net debt | — | -72.8M | -96.7M | -57M | -35.4M | -21.7M | -14.7M | -49.6M | -191.1M |
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 | 257.1M | 236.2M | 213.3M | 273.8M | 257.2M | 241M | 226.6M | 214.1M | 200.6M | 352.3M | 333.3M | 318.8M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 262.5M | 242.2M | 218M | 280.3M | 267.5M | 249.9M | 232.6M | 219.4M | 205.9M | 357.5M | 338.7M | 322.9M |
| Property, plant & equipment | 13.3M | 12.4M | 11.4M | 10.8M | 10.2M | 9.6M | 8.9M | 8.2M | 7.8M | 7.1M | 6.4M | 0 |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 278.9M | 257.7M | 232.6M | 294.3M | 279M | 260.7M | 242.6M | 228.8M | 214.9M | 366.3M | 346.8M | 324M |
| Accounts payable | 3.6M | 2.8M | 3.9M | 3.6M | 4M | 1.2M | 1.5M | 1.8M | 2.9M | 1.6M | 2.5M | 3.4M |
| Short-term debt | 2.4M | 2.2M | 2M | 2.1M | 2.1M | 2.2M | 2.2M | 2.3M | 2.3M | 2.4M | 2.5M | 2.5M |
| Total current liabilities | 14.1M | 13.7M | 10.7M | 12.7M | 14.5M | 11M | 8.1M | 9M | 11.6M | 13M | 9.9M | 10.3M |
| Long-term debt | 9.1M | 8.6M | 8.1M | 7.6M | 7M | 6.4M | 5.9M | 5.3M | 4.7M | 4M | 3.4M | 2.8M |
| Total liabilities | 23.4M | 22.5M | 19M | 20.5M | 21.7M | 17.7M | 14.2M | 14.5M | 16.5M | 17.3M | 13.5M | 13.3M |
| Shareholders' equity | 255.5M | 235.2M | 213.6M | 273.8M | 257.3M | 243M | 228.5M | 214.4M | 198.4M | 349M | 333.3M | 310.7M |
| Total debt | 11.5M | 10.8M | 10.1M | 9.7M | 9.1M | 8.6M | 8.1M | 7.6M | 7M | 6.4M | 5.9M | 5.3M |
| Net debt | -18.6M | -14.7M | -29.8M | -77M | -63.5M | -49.6M | -34.1M | -35M | -40.1M | -191.1M | -44.4M | -43.2M |
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 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|
| Net income | -23M | -32.6M | -82.7M | -70.8M | -80.8M | -109.9M | -97.3M | -9.7M | -74.9M |
| Depreciation & amortization | 715K | 1.3M | 2.1M | 2.4M | 2.5M | 2.4M | 2.2M | 1.6M | 1.4M |
| Stock-based compensation | 1.4M | 2.2M | 4.2M | 7.3M | 11.1M | 13.3M | 14.8M | 14.6M | 12.5M |
| Change in working capital | 425K | 5.3M | 10.8M | 6.2M | -13.7M | -3.5M | -2.7M | -1.9M | 1.3M |
| Operating cash flow | -20.5M | -23.7M | -40M | -56.9M | -81M | -97.6M | -83.1M | 4.6M | -60.1M |
| Capital expenditure | -1.9M | -9M | -853K | -1.3M | -1.7M | -2M | -508K | -278K | — |
| Investing cash flow | -1.9M | -9M | -944K | -57.1M | -129.7M | 12.4M | -36.7M | 32.2M | 31M |
| Dividends paid | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | -34K | -193K | — | — | — | — | — |
| Financing cash flow | 17.7M | 105M | 64.1M | 69.5M | 182.8M | 80.8M | 117.3M | 0 | 164.5M |
| Net change in cash | -4.7M | 72.3M | 23.2M | -44.5M | -27.8M | -4.4M | -2.4M | 36.8M | 135.5M |
| Free cash flow | -22M | -31.5M | -40.3M | -55M | -80.2M | -99M | -91.5M | -2.5M | -60.4M |
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 | -24M | -24.8M | -26.9M | 55.4M | -21.7M | -16.6M | -17.7M | -17.3M | -19.6M | -20.3M | -18.9M | -26.2M |
| Depreciation & amortization | 531K | 508K | 479K | 376K | 369K | 369K | 353K | 344K | 346K | 347K | 338K | 216K |
| Stock-based compensation | 3.7M | 3.4M | 3.9M | 4.3M | 3.8M | 2.5M | 3.2M | 2.9M | 3.4M | 3.1M | 3.9M | 3.3M |
| Change in working capital | -574K | -1.3M | 1.5M | -2.8M | 713K | -1.2M | 1.3M | 1M | 754K | -1.8M | 655K | 1.2M |
| Operating cash flow | -20.3M | -22.1M | -21M | 57.3M | -16.8M | -15M | -12.8M | -13.8M | -14.2M | -16.8M | -18.8M | -16M |
| Capital expenditure | -65K | -77K | -28K | 0 | -19K | -231K | 0 | — | — | — | — | — |
| Investing cash flow | 19M | 18.4M | 38.1M | -12.5M | 4.3M | 2.3M | -777K | 14M | 18.7M | -890K | -128.2M | 13.4M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 0 | 0 | 0 | 0 | 0 | 0 | — | — | — | — | -333K | — |
| Net change in cash | -1.3M | -3.8M | 17.1M | 44.8M | -12.4M | -12.7M | -13.6M | 178K | 4.5M | -17.7M | -147.3M | -2.6M |
| Free cash flow | -23M | -23.2M | -25.3M | 58.9M | -19.1M | -17M | -15.3M | -13.9M | -14.3M | -17M | -18.8M | -16.1M |