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 | -$0.09 | -$0.14 | -55.6% | — | — | — |
| Q2 26 | -$0.06 | -$0.08 | -33.3% | — | — | — |
| Q1 26 | -$0.1 | -$0.08 | +20.0% | — | $0 | — |
| Q4 25 | -$0.11 | -$0.13 | -18.2% | — | — | — |
| Q3 25 | -$0.16 | -$0.12 | +25.0% | — | — | — |
| Q2 25 | -$0.11 | -$0.15 | -36.4% | — | — | — |
| Q1 25 | -$0.16 | -$0.19 | -18.8% | — | $0 | — |
| Q4 24 | -$0.2 | -$0.18 | +10.0% | — | — | — |
| Q3 24 | -$0.16 | -$0.2 | -25.0% | — | — | — |
| Q2 24 | -$0.16 | -$0.19 | -18.8% | — | — | — |
| Q1 24 | -$0.16 | -$0.16 | 0.0% | — | — | — |
| Q4 23 | -$0.16 | -$0.24 | -50.0% | — | — | — |
| Q3 23 | -$0.21 | -$0.15 | +28.6% | — | — | — |
| Q2 23 | -$0.21 | -$0.19 | +9.5% | — | — | — |
| Q1 23 | -$0.17 | -$0.18 | -5.9% | — | — | — |
| Q4 22 | -$0.2 | -$0.14 | +30.0% | — | — | — |
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 | — | -$0.48 | — | — | $0 | — |
| FY24 | — | -$0.76 | — | — | $0 | — |
| FY23 | — | -$0.74 | — | — | $0 | — |
| FY22 | — | -$0.65 | — | — | $0 | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| YoY change | 0% | 0% | 0% | 0% | 0% | 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.
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — |
| Research & development | 15.3M | 11.7M | 6.5M | 7.5M | 18M | 23.8M | 31.7M | 32.1M | 36.6M | 14.3M |
| Selling, general & administrative | 6.2M | 4.5M | 7.1M | 6M | 5.5M | 6.4M | 6.6M | 5.9M | 5.9M | 5.8M |
| Operating expenses | 21.5M | 16.2M | 13.6M | 13.4M | 23.4M | 30.2M | 38.4M | 38.1M | 42.4M | 20.1M |
| Operating income | -21.5M | -16.2M | -13.6M | -13.4M | -23.4M | -30.2M | -38.4M | -38.1M | -42.4M | -20.1M |
| Operating margin | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | 0 | — | — | — | — | 138K | 557K | -432K | 588K | -3.5M |
| Pretax income | -21.4M | -16.2M | -13.9M | -13.3M | -23.5M | -30.5M | -38.8M | -41.1M | -47M | -30.8M |
| Income tax | — | — | — | — | — | — | — | — | — | — |
| Net income | -21.4M | -16.2M | -13.9M | -13.3M | -23.5M | -30.5M | -38.8M | -41.1M | -47M | -30.8M |
| Net margin | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -21.4M | -16.2M | -13.6M | -13.2M | -23.3M | -30.1M | -38.3M | -37.8M | -42.1M | -19.9M |
| EPS | -0.76 | -0.49 | -0.38 | -0.39 | -0.41 | -0.52 | -0.65 | -0.74 | -0.76 | -0.48 |
| Diluted EPS | -0.76 | -0.49 | -0.38 | -0.39 | -0.41 | -0.52 | -0.65 | -0.74 | -0.76 | -0.48 |
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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Research & development | 7.7M | 8.2M | 8.1M | 9.8M | 7.6M | 11.1M | 6.5M | 3.3M | 2.6M | 1.9M | 2.2M | 2.1M |
| Selling, general & administrative | 1.4M | 1.3M | 1.6M | 1.5M | 1.5M | 1.3M | 1.4M | 1.4M | 1.6M | 1.4M | 1.8M | 1.8M |
| Operating expenses | 9.2M | 9.6M | 9.6M | 11.3M | 9.1M | 12.4M | 7.9M | 4.6M | 4.2M | 3.4M | 4.1M | 4M |
| Operating income | -9.2M | -9.6M | -9.6M | -11.3M | -9.1M | -12.4M | -7.9M | -4.6M | -4.2M | -3.4M | -4.1M | -4M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | -489K | 337K | -869K | 109K | -753K | 2.1M | -25K | -1.1M | -2.2M | -221K | 983K | -3.2M |
| Pretax income | -10.4M | -10M | -11.5M | -12.4M | -11.2M | -12M | -9.6M | -7.5M | -8.2M | -5.5M | -5M | -9.1M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — |
| Net income | -10.4M | -10M | -11.5M | -12.4M | -11.2M | -12M | -9.6M | -7.5M | -8.2M | -5.5M | -5M | -9.1M |
| Net margin | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -9.1M | -9.5M | -9.6M | -11.2M | -9M | -12.3M | -7.9M | -4.6M | -4.2M | -3.3M | -4M | -4M |
| EPS | -0.24 | — | -0.19 | -0.2 | -0.18 | — | -0.15 | -0.12 | -0.13 | — | -0.08 | -0.14 |
| Diluted EPS | -0.24 | — | -0.19 | -0.2 | -0.18 | — | -0.15 | -0.12 | -0.13 | — | -0.08 | -0.14 |
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 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market cap | — | — | — | — | 127.7M | 121.2M | 67.1M | 99.9M | 80.4M | 265.8M | 396.3M |
| Enterprise value | — | — | — | — | 100.6M | 110.6M | 88.4M | 146M | 171.5M | 381.9M | 529.2M |
| Shares outstanding | 29.2M | 35.5M | 39.4M | 52.2M | 57M | 58.5M | 59.4M | 60.2M | 62.3M | 63.9M | 63.9M |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | — | — | — | -8.17 |
| P/B | — | — | — | — | 5.28 | 46.3 | -2.08 | -1.66 | -0.78 | -2.11 | -1.89 |
| EV/EBITDA | — | — | — | — | -4.31 | -3.67 | -2.31 | -3.86 | -4.08 | -19.2 | -26.6 |
| Earnings yield | — | — | — | — | — | — | — | — | — | — | -12.2% |
| FCF yield | — | — | — | — | -16.1% | -20.1% | -46.3% | -33% | -52% | -8.98% | -3.75% |
| PEG | — | — | — | — | — | — | — | — | — | — | -0.49 |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | — | — | — | — | — | 0% |
| Net margin | — | — | — | — | — | — | — | — | — | — | 0% |
| ROE | -178.4% | -1.4K% | -201.5% | -29.2% | -97% | -1.2K% | 120.4% | 68.2% | 45.6% | 24.4% | 24.5% |
| ROA | -135.7% | -390.2% | -154.3% | -27.4% | -79.3% | -73% | -182.2% | -145.6% | -268.9% | -157.9% | -64.2% |
| Return on tangible assets | -135.7% | -390.2% | -154.3% | -27.4% | -79.3% | -73% | -182.2% | -145.6% | -268.9% | -157.9% | -187.8% |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 4.18 | 1.29 | 4.19 | 17.1 | 5.46 | 4.63 | 1.58 | 1.77 | 0.49 | 2.42 | 0.1 |
| Quick ratio | 4.18 | 1.29 | 4.19 | 17.1 | 5.46 | 4.63 | 1.58 | 1.77 | 0.49 | 2.42 | 0.1 |
| Debt / equity | — | — | — | 0 | 0 | 11.1 | -1.24 | -1.19 | -1.03 | -1.06 | -0.01 |
| Debt / assets | — | — | — | 0 | 0 | 0.69 | 1.87 | 2.55 | 6.07 | 6.85 | 9.29 |
| Net debt / EBITDA | — | — | — | 3.6 | 1.16 | 0.35 | -0.56 | -1.22 | -2.17 | -5.83 | -8.06 |
| Interest coverage | — | -1.4K | -40.4 | -151.8 | -268.7 | -61.4 | -36.5 | -13.7 | -7.49 | -3.21 | -2.59 |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (basic) | -0.76 | -0.49 | -0.38 | -0.39 | -0.41 | -0.52 | -0.65 | -0.74 | -0.76 | -0.48 | -0.48 |
| EPS (diluted) | -0.76 | -0.49 | -0.38 | -0.39 | -0.41 | -0.52 | -0.65 | -0.74 | -0.76 | -0.48 | -0.43 |
| Book value per share | 0.41 | 0.03 | 0.18 | 0.87 | 0.42 | 0.04 | -0.54 | -1 | -1.65 | -1.97 | -2.1 |
| FCF per share | -0.56 | -0.45 | -0.26 | -0.21 | -0.36 | -0.42 | -0.52 | -0.55 | -0.67 | -0.37 | -0.24 |
| Cash per share | 0.53 | 0.09 | 0.21 | 0.91 | 0.48 | 0.68 | 0.31 | 0.43 | 0.24 | 0.28 | 0.13 |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Payout ratio | — | — | 0% | -2.96% | 0% | — | — | — | — | — | 0% |
| Dividend yield | — | — | — | — | 0% | — | — | — | — | — | — |
| FY21 | — | -$0.52 | — | — | $0 | — |
| FY20 | — | -$0.41 | — | — | $0 | — |
| FY19 | — | -$0.39 | — | — | $0 | — |
| FY18 | — | -$0.38 | — | — | $0 | — |
| FY17 | — | -$0.49 | — | — | $0 | — |
| FY16 | — | -$0.76 | — | — | $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 | $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 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 15.4M | 3.1M | 8.3M | 47.5M | 27.1M | 39.6M | 18.6M | 25.7M | 15.1M | 17.7M |
| Receivables | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 15.8M | 3.8M | 8.8M | 48.2M | 29.5M | 41.8M | 20.6M | 27.7M | 17.3M | 19.4M |
| Property, plant & equipment | 0 | 342K | 174K | 258K | 135K | 7K | 733K | 0 | 0 | 0 |
| Goodwill & intangibles | 2K | 0 | 0 | — | — | — | — | — | — | — |
| Total assets | 15.8M | 4.2M | 9M | 48.5M | 29.6M | 41.8M | 21.3M | 28.2M | 17.5M | 19.5M |
| Accounts payable | 910K | 608K | 297K | 1.7M | 1.3M | 1.8M | 3.9M | 6.4M | 5.7M | 3.2M |
| Short-term debt | — | — | — | 39K | 44K | 8K | 40K | 46K | 21.1M | 22K |
| Total current liabilities | 3.8M | 3M | 2.1M | 2.8M | 5.4M | 9M | 13M | 15.7M | 35.4M | 8M |
| Long-term debt | — | — | — | — | — | 29M | 39.8M | 71.7M | 85.1M | 133.7M |
| Total liabilities | 3.8M | 3M | 2.1M | 2.9M | 5.4M | 39.2M | 53.5M | 88.4M | 120.6M | 145.7M |
| Shareholders' equity | 12M | 1.2M | 6.9M | 45.6M | 24.2M | 2.6M | -32.2M | -60.2M | -103.1M | -126.2M |
| Total debt | — | — | — | 39K | 44K | 29.1M | 39.9M | 71.8M | 106.2M | 133.8M |
| Net debt | — | — | — | -47.4M | -27.1M | -10.6M | 21.3M | 46.1M | 91.1M | 116M |
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 | 20.4M | 25.7M | 23.6M | 25.6M | 27.1M | 15.1M | 7.4M | 13.8M | 11.5M | 17.7M | 14.1M | 13.3M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 21.6M | 27.7M | 25.5M | 27.3M | 28.7M | 17.3M | 9.3M | 15.4M | 12.7M | 19.4M | 15.7M | 14.7M |
| Property, plant & equipment | — | 0 | — | — | — | 0 | — | — | — | 0 | — | — |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 22.2M | 28.2M | 25.9M | 27.7M | 29M | 17.5M | 9.5M | 15.6M | 12.9M | 19.5M | 15.8M | 14.8M |
| Accounts payable | 2.7M | 6.4M | 3.8M | 3.7M | 2.8M | 5.7M | 6.5M | 5.9M | 5.4M | 3.2M | 3.1M | 3.7M |
| Short-term debt | 45K | 46K | 48K | 44K | 10.6M | 21.1M | 97.2M | 52K | 122.3M | 22K | 6K | 137.8M |
| Total current liabilities | 10.5M | 15.7M | 12.6M | 14.6M | 25.3M | 35.4M | 110.8M | 10.8M | 136.4M | 8M | 7.3M | 151.6M |
| Long-term debt | 61.2M | 71.7M | 82.5M | 93.4M | 94M | 85.1M | 10.8M | 120.5M | — | 133.7M | 135.7M | — |
| Total liabilities | 73M | 88.4M | 97M | 109.8M | 121.5M | 120.6M | 121.8M | 132.8M | 138.2M | 145.7M | 146M | 151.7M |
| Shareholders' equity | -50.9M | -60.2M | -71.1M | -82.1M | -92.5M | -103.1M | -112.3M | -117.2M | -125.3M | -126.2M | -130.2M | -136.9M |
| Total debt | 61.2M | 71.8M | 82.5M | 93.5M | 104.6M | 106.2M | 108M | 120.5M | 122.3M | 133.8M | 135.7M | 137.8M |
| Net debt | 40.9M | 46.1M | 59M | 67.9M | 77.5M | 91.1M | 100.6M | 106.7M | 110.8M | 116M | 121.6M | 124.5M |
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 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -21.4M | -16.2M | -13.9M | -13.3M | -23.5M | -30.5M | -38.8M | -41.1M | -47M | -30.8M |
| Depreciation & amortization | 7K | 1K | 0 | 35K | 36K | 41K | 32K | 33K | 37K | 53K |
| Stock-based compensation | 2.5M | 1.1M | 4.4M | 1.7M | 1.8M | 2.1M | 2.9M | 2.3M | 2.4M | 1.7M |
| Change in working capital | — | — | — | — | 2.5M | 3.7M | 4.2M | 2.7M | -2.1M | -6M |
| Operating cash flow | -16.5M | -15.1M | -9.1M | -11.5M | -19M | -24.4M | -31.2M | -35.4M | -45.5M | -23.9M |
| Capital expenditure | — | — | — | — | — | — | — | — | — | — |
| Investing cash flow | — | — | — | — | — | — | — | — | — | — |
| Dividends paid | — | — | 0 | -394K | 0 | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 5.9M | 3.6M | 15.4M | 50.1M | 263K | 36.8M | 10M | 30M | 30M | 24.2M |
| Net change in cash | -10.5M | -11.5M | 6.3M | 38.6M | -18.7M | 12.4M | -21.2M | -5.4M | -15.5M | 360K |
| Free cash flow | -16.4M | -15.9M | -10.2M | -10.8M | -20.6M | -24.3M | -31.1M | -33M | -41.8M | -23.9M |
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 | -10.4M | -10M | -11.5M | -12.4M | -11.2M | -12M | -9.6M | -7.5M | -8.2M | -5.5M | -5M | -9.1M |
| Depreciation & amortization | 8K | 9K | 9K | 9K | 9K | 10K | 10K | 2K | 0 | 41K | 12K | 4K |
| Stock-based compensation | 586K | 497K | 604K | 738K | 515K | 590K | 468K | 500K | 496K | 195K | 686K | 963K |
| Change in working capital | 621K | 5.1M | -3.3M | 1.9M | -173K | -521K | -522K | -2.7M | -345K | -2.5M | -662K | 472K |
| Operating cash flow | -9M | -4.2M | -14M | -9.5M | -10.6M | -11.5M | -9.3M | -6.6M | -3.5M | -6M | -3.9M | -2.4M |
| Capital expenditure | — | — | — | — | — | — | — | — | — | — | — | — |
| Investing cash flow | — | — | — | — | — | — | — | — | — | — | — | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 0 | 10M | 10M | 10M | 10M | 0 | 0 | 11M | 853K | 11.2M | — | — |
| Net change in cash | -9M | 5.8M | -4M | 538K | -578K | -11.5M | -9.3M | 4.4M | -2.7M | 5.1M | -3.9M | -2.4M |
| Free cash flow | -7.6M | -4.7M | -12.1M | -8.3M | -8.5M | -12.8M | -7.7M | -6.6M | -3.5M | -6M | -3.9M | -2.4M |