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 | — | -$31.2 | — | — | $0 | — |
| FY24 | — | -$4.1K | — | — | $0 | — |
| FY23 | — | -$1.9 | — | — | $0 | — |
| FY22 | — | -$1.45 | — | — | $0 | — |
| FY21 | — | -$1.3 | — | — | $0 | — |
| FY20 | — | -$0.95 | — | — | $0 | — |
| FY19 | — | -$1.3 | — | — | $208K | — |
| FY18 | — | -$308.1 | — | — | $43.5K | — |
| FY17 | — | -$121.6 | — | — | $589.5K | — |
| FY16 | — | -$70.2 | — | — | $611.7K | — |
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 | $611.7K | $589.5K | $43.5K | $208K | $0 | $0 | $0 | $0 | $0 | $0 |
| YoY change | +327.3% | -3.63% | -92.6% | +378.3% | -100% | 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 | 611.7K | 589.5K | 43.5K | 208K | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — |
| Research & development | 2.9M | 3.2M | 3M | 1.6M | 1.5M | 1.8M | 2M | 4.7M | 9.5M | 9.8M |
| Selling, general & administrative | 3.3M | 7.9M | 3.5M | 2.1M | 1.6M | 2.1M | 2.5M | 2.4M | 5M | 6.3M |
| Operating expenses | 6.2M | 11.1M | 6.6M | 3.7M | 3.1M | 4M | 4.4M | 7.1M | 14.5M | 16.1M |
| Operating income | -5.7M | -10.6M | -6.5M | -3.5M | -3.1M | -4M | -4.4M | -7.1M | -14.5M | -16.1M |
| Operating margin | -924.6% | -1.8K% | -15K% | -1.7K% | — | — | — | — | — | — |
| Non-operating income, net | 261.7K | 274.5K | -159.5K | -2.9K | 338K | -112K | -14K | — | -7.5M | -3.2M |
| Pretax income | -5.4M | -10.3M | -6.7M | -3.5M | -2.7M | -4.1M | -4.4M | -7.1M | -22.6M | -19.4M |
| Income tax | — | — | — | — | — | — | — | — | — | — |
| Net income | -5.4M | -10.3M | -6.7M | -3.5M | -2.7M | -4.1M | -4.4M | -7.1M | -22.6M | -19.4M |
| Net margin | -884.4% | -1.8K% | -15.4K% | -1.7K% | — | — | — | — | — | — |
| EBITDA | -5.6M | -10.5M | -6.5M | -3.5M | -3.1M | -3.9M | -4.4M | -7.1M | -19.2M | -12.8M |
| EPS | -70.2 | -121.6 | -308.1 | -1.3 | -0.95 | -1.3 | -1.45 | -1.9 | -4.1K | -31.2 |
| Diluted EPS | -70.2 | -121.6 | -308.1 | -1.3 | -0.95 | -1.3 | -1.45 | -1.9 | -4.1K | -31.2 |
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 | 1.7M | 1.7M | 2.1M | 3.6M | 2.1M | 1.7M | 1.9M | 3.1M | 3.2M | 1.6M | 2.1M | 2M |
| Selling, general & administrative | 531K | 672K | 803K | 902K | 1.2M | 2.1M | 1.6M | 1.6M | 1.1M | 1.9M | 2.1M | 1.4M |
| Operating expenses | 2.2M | 2.4M | 3M | 4.5M | 3.3M | 3.8M | 3.5M | 4.8M | 4.3M | 3.5M | 4.2M | 3.4M |
| Operating income | -2.2M | -2.4M | -3M | -4.5M | -3.3M | -3.9M | -3.5M | -4.8M | -4.3M | -3.5M | -4.2M | -3.4M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | — | — | — | — | 12K | -7.5M | -3.4M | 11K | 136K | -16K | -131K | -414K |
| Pretax income | -2.2M | -2.4M | -2.9M | -4.5M | -5.1M | -10.1M | -6.8M | -4.8M | -4.2M | -3.6M | -4.3M | -3.8M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — |
| Net income | -2.2M | -2.4M | -2.9M | -4.5M | -5.1M | -10.1M | -6.8M | -4.8M | -4.2M | -3.6M | -4.3M | -3.8M |
| Net margin | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -2.2M | -2.4M | -2.9M | -4.5M | -3.2M | -11.3M | -118K | -4.9M | -4.3M | -3.5M | -4M | -3.4M |
| EPS | -0.49 | — | -12 | -16.4 | -1.1K | — | -40.2 | -9.62 | -4.64 | — | -2.65 | -0.76 |
| Diluted EPS | -0.49 | — | -12 | -16.4 | -1.1K | — | -40.2 | -9.62 | -4.64 | — | -2.65 | -0.76 |
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 | — | — | — | — | — | — | — | — | — | — | 1.8M |
| Enterprise value | — | — | — | — | — | — | — | — | — | — | 2.1M |
| Shares outstanding | 89.1K | 96.7K | 129.2K | 2.4M | 3M | 3.1M | 3.1M | 4.2M | 5.5K | 621.1K | 621.1K |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | — | — | — | 0.11 |
| P/B | — | — | — | — | — | — | — | — | — | — | -5.18 |
| EV/EBITDA | — | — | — | — | — | — | — | — | — | — | -0.14 |
| Earnings yield | — | — | — | — | — | — | — | — | — | — | 947.8% |
| FCF yield | — | — | — | — | — | — | — | — | — | — | -567% |
| PEG | — | — | — | — | — | — | — | — | — | — | -0 |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | -924.6% | -1.8K% | -15K% | -1.7K% | — | — | — | — | — | — | 0% |
| Net margin | -884.4% | -1.8K% | -15.4K% | -1.7K% | — | — | — | — | — | — | 0% |
| ROE | 49.4% | 62.3% | 233.7% | 249% | -30% | -78.9% | -360.6% | -222% | 173.8% | -685.6% | -620.6% |
| ROA | -219.8% | -618.9% | -975.8% | -320.8% | -25.4% | -64.9% | -181.9% | -144.7% | -380.9% | -247.4% | -164.4% |
| Return on tangible assets | -219.8% | -618.9% | -975.8% | -320.8% | -25.4% | -64.9% | -181.9% | -144.7% | -380.9% | -247.4% | -1.1K% |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 0.86 | 0.33 | 0.1 | 0.32 | 7.61 | 6.91 | 2.35 | 3.22 | 4.52 | 1.61 | 0.46 |
| Quick ratio | 0.25 | 0.07 | 0.04 | 0.24 | 7.39 | 6.91 | 2.35 | 3.22 | 4.52 | 1.61 | 0.46 |
| Debt / equity | -0.01 | -0.01 | -0.06 | -0.27 | 0.04 | 0.05 | 0.16 | 0.06 | -0.02 | 1.22 | -0.01 |
| Debt / assets | 0.07 | 0.11 | 0.24 | 0.34 | 0.03 | 0.04 | 0.08 | 0.04 | 0.05 | 0.44 | 1.31 |
| Net debt / EBITDA | -0 | -0.01 | -0.01 | 0.01 | 3.07 | 1.5 | 0.48 | 0.61 | 0.28 | 0.31 | -0.05 |
| Interest coverage | -332.6 | -422.4 | -366.2 | -81.5K | — | — | — | — | -35 | — | — |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | 6.87 | 6.1 | 0.34 | 0.09 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (basic) | -70.2 | -121.6 | -308.1 | -1.3 | -0.95 | -1.3 | -1.45 | -1.9 | -4.1K | -31.2 | -31.2 |
| EPS (diluted) | -70.2 | -121.6 | -308.1 | -1.3 | -0.95 | -1.3 | -1.45 | -1.9 | -4.1K | -31.2 | 17.3 |
| Book value per share | -122.9 | -171.4 | -22.2 | -0.59 | 2.98 | 1.67 | 0.4 | 0.77 | -2.4K | 4.55 | -4.17 |
| FCF per share | -60.5 | -61.2 | -37.9 | -1.65 | -1.18 | -1.22 | -1.21 | -1.58 | -2.3K | -24.7 | -3.26 |
| Cash per share | 1.67 | 0.56 | 0.75 | 0.18 | 3.26 | 1.96 | 0.75 | 1.08 | 1K | 11.9 | 1.59 |
| Capex per share | 0.86 | 0.2 | 0.04 | 0.01 | 0.02 | 0 | 0 | 0 | 18.9 | — | — |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Capex / revenue | 12.5% | 3.3% | 12.4% | 11.1% | — | — | — | — | — | — | — |
| Capex / operating cash flow | -1.46% | -0.35% | -0.11% | -0.59% | -1.51% | -0.03% | -0.03% | 0% | -0.78% | — | — |
| Payout ratio | -0.25% | -0.06% | 0% | — | — | — | — | — | — | — | 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 | 148.8K | 53.8K | 97.1K | 419K | 9.8M | 6.1M | 2.3M | 4.5M | 5.6M | 7.4M |
| Receivables | 92.1K | 121.8K | 22.8K | 70K | 66K | 0 | — | — | — | — |
| Inventory | 1.4M | 957.3K | 171K | 184K | 284K | 0 | — | — | — | — |
| Total current assets | 2M | 1.2M | 314.1K | 718K | 10.2M | 6.1M | 2.4M | 4.9M | 5.8M | 7.7M |
| Property, plant & equipment | 240.5K | 216.7K | 149.8K | 321K | 315K | 109K | 80K | 27K | 154K | 171K |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — |
| Total assets | 2.5M | 1.7M | 688.2K | 1.1M | 10.6M | 6.3M | 2.4M | 4.9M | 5.9M | 7.8M |
| Accounts payable | 1.6M | 2.4M | 2.1M | 1.5M | 869K | 631K | 672K | 839K | 992K | 1.3M |
| Short-term debt | — | — | — | 142K | 84K | 23K | — | — | 31K | 3.2M |
| Total current liabilities | 2.3M | 3.7M | 3.2M | 2.3M | 1.3M | 883K | 1M | 1.5M | 1.3M | 4.8M |
| Long-term debt | 162K | 182.8K | 168.2K | 236K | 279K | 227K | 195K | 196K | 236K | 236K |
| Total liabilities | 13.4M | 18.2M | 3.6M | 2.5M | 1.6M | 1.1M | 1.2M | 1.7M | 18.9M | 5M |
| Shareholders' equity | -10.9M | -16.6M | -2.9M | -1.4M | 9M | 5.2M | 1.2M | 3.2M | -13M | 2.8M |
| Total debt | 162K | 182.8K | 168.2K | 378K | 363K | 250K | 195K | 196K | 267K | 3.4M |
| Net debt | 13.2K | 129K | 71.1K | -41K | -9.5M | -5.8M | -2.1M | -4.3M | -5.3M | -3.9M |
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 | 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 | 6.9M | 4.5M | 1.5M | 159K | 346K | 5.6M | 9.1M | 9.6M | 7.9M | 7.4M | 3.9M | 1.1M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 7.2M | 4.9M | 1.9M | 442K | 642K | 5.8M | 9.5M | 10.1M | 8.1M | 7.7M | 4.2M | 1.4M |
| Property, plant & equipment | 17K | 27K | 159K | 157K | 174K | 154K | 147K | 133K | 184K | 171K | 142K | 114K |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 7.2M | 4.9M | 2.1M | 608K | 826K | 5.9M | 9.6M | 10.2M | 8.3M | 7.8M | 4.4M | 1.5M |
| Accounts payable | 1.2M | 839K | 1M | 2.7M | 1.9M | 992K | 1.6M | 2.6M | 1.7M | 1.3M | 1.3M | 1.1M |
| Short-term debt | — | — | 24K | 37K | 2M | 31K | 35K | 27K | 3.1M | 3.2M | 3.4M | 1.7M |
| Total current liabilities | 1.5M | 1.5M | 1.5M | 3.7M | 4.6M | 1.3M | 1.9M | 3.1M | 5.3M | 4.8M | 5M | 3M |
| Long-term debt | 184K | 196K | 248K | 237K | 237K | 236K | 227K | 240K | 239K | 236K | 232K | 248K |
| Total liabilities | 1.6M | 1.7M | 1.7M | 3.9M | 4.8M | 18.9M | 2.4M | 3.3M | 5.5M | 5M | 5.2M | 3.2M |
| Shareholders' equity | 5.6M | 3.2M | 376K | -3.3M | -4M | -13M | 7.3M | 6.9M | 2.8M | 2.8M | -851K | -1.7M |
| Total debt | 184K | 196K | 272K | 274K | 2.3M | 267K | 262K | 267K | 3.3M | 3.4M | 3.6M | 2M |
| Net debt | -6.7M | -4.3M | -1.2M | 115K | 1.9M | -5.3M | -8.8M | -9.3M | -4.6M | -3.9M | -341K | 835K |
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 | -5.4M | -10.3M | -6.7M | -3.5M | -2.7M | -4.1M | -4.4M | -7.1M | -22.6M | -19.4M |
| Depreciation & amortization | 59.6K | 67.9K | 58.8K | 51K | 47K | 42K | 23K | 13K | 36K | 42K |
| Stock-based compensation | 70.2K | 2.7M | 705.2K | 356K | 22K | 223K | 439K | 281K | 173K | 211K |
| Change in working capital | 47.3K | 2M | 1.1M | -953K | -1M | -53K | 184K | 190K | 67K | 209K |
| Operating cash flow | -5.2M | -5.6M | -4.9M | -3.9M | -3.5M | -3.8M | -3.7M | -6.6M | -13.3M | -15.2M |
| Capital expenditure | -76.5K | -19.5K | -5.4K | -23K | -53K | -1K | 1K | 0 | -104K | — |
| Investing cash flow | -76.5K | -19.5K | -5.4K | -23K | -53K | -1K | 1K | 0 | -104K | — |
| Dividends paid | -13.5K | -5.7K | 0 | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 3.3M | 5.6M | 2.7M | 4.2M | 13M | 0 | 0 | 8.7M | 13.7M | 17.2M |
| Net change in cash | -2M | -35.3K | -2.2M | 243K | 9.5M | -3.8M | -3.7M | 2.2M | 266K | 2M |
| Free cash flow | -5.4M | -5.9M | -4.9M | -3.9M | -3.6M | -3.8M | -3.7M | -6.6M | -12.6M | -15.3M |
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 | 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 | -2.2M | -2.4M | -2.9M | -4.5M | -5.1M | -10.1M | -6.8M | -4.8M | -4.2M | -3.6M | -4.3M | -3.8M |
| Depreciation & amortization | 14K | -8K | 4K | 8K | 10K | 14K | 8K | 11K | 9K | 14K | 22K | 21K |
| Stock-based compensation | 31K | 21K | 22K | 206K | 11K | -66K | 40K | 40K | 41K | 90K | 61K | 59K |
| Change in working capital | 300K | -58K | -118K | 2.3M | -969K | -1.2M | 467K | 971K | -535K | -694K | 56K | -298K |
| Operating cash flow | -1.9M | -2.4M | -2.9M | -1.9M | -4.1M | -4.3M | -6.3M | -3.7M | -4.6M | -3.9M | -4M | -3.6M |
| Capital expenditure | 0 | 0 | -59K | -12K | -33K | 0 | -9K | — | — | — | — | — |
| Investing cash flow | 0 | 0 | -59K | -12K | -33K | 0 | -9K | — | — | — | — | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 0 | 0 | — | 500K | 4.4M | 8.7M | 6.4M | 4.3M | 3M | 3.5M | 590K | 0 |
| Net change in cash | -1.9M | -2.4M | -3M | -1.4M | 205K | 4.4M | 71K | 576K | -1.6M | -442K | -3.5M | -3.6M |
| Free cash flow | -1.9M | -2.4M | -3M | -1.9M | -4.2M | -3.5M | -2.9M | -3.7M | -4.7M | -4M | -4M | -3.6M |