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 | -$0.33 | -$0.23 | +30.3% | — | $0 | — |
| Q1 26 | -$0.26 | -$0.31 | -19.2% | — | $0 | — |
| Q4 25 | -$0.27 | -$0.22 | +18.5% | — | $0 | — |
| Q3 25 | -$0.23 | -$0.23 | 0.0% | — | $0 | — |
| Q2 25 | -$0.2 | -$0.15 | +25.0% | — | $0 | — |
| Q1 25 | -$0.2 | -$0.19 | +5.0% | — | $0 | — |
| Q4 24 | -$0.22 | -$0.17 | +22.7% | — | $0 | — |
| Q3 24 | -$0.25 | -$0.23 | +8.0% | — | $0 | — |
| Q2 24 | -$0.22 | -$0.2 | +9.1% | — | $0 | — |
| Q1 24 | -$0.22 | -$0.15 | +31.8% | — | $0 | — |
| Q4 23 | -$0.2 | -$0.21 | -5.0% | — | $0 | — |
| Q3 23 | -$0.2 | -$0.11 | +45.0% | — | $0 | — |
| Q2 23 | -$0.21 | -$0.15 | +28.6% | — | $0 | — |
| Q1 23 | -$0.19 | -$0.21 | -10.5% | — | $0 | — |
| Q4 22 | -$0.15 | -$0.32 | -113.3% | — | $0 | — |
| Q3 22 | -$0.16 | -$0.01 | +93.8% | — | $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 | — | -$0.79 | — | — | $0 | — |
| FY24 | — | -$0.75 | — | — | $0 | — |
| FY23 | — | -$0.68 | — | — | $0 | — |
| FY22 | — | -$0.43 | — | — | $0 | — |
| FY21 | — | -$0.21 |
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 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| YoY change | — | 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.
| Period | Q3 23 | Q4 23 | Q1 24 | Q2 24 |
|---|
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 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — |
| Research & development | 296K | 338K | 8.6M | 20.5M | 29.8M | 35M | 38.8M |
| Selling, general & administrative | 14K | 108K | 6.5M | 10.1M | 11.1M | 15M | 21.7M |
| Operating expenses | 310K | 446K | 15.1M | 30.5M | 40.9M | 50M | 60.4M |
| Operating income | -310K | -446K | -15.1M | -30.7M | -41.2M | -50.2M | -60.7M |
| Operating margin | — | — | — | — | — | — | — |
| Non-operating income, net | — | — | 5.9M | 7.5M | 329K | 5.7M | 7.8M |
| Pretax income | -310K | -446K | -9.2M | -22.5M | -35.6M | -39M | -48.3M |
| Income tax | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income | -310K | -446K | -9.2M | -22.5M | -35.6M | -39M | -48.3M |
| Net margin | — | — | — | — | — | — | — |
| EBITDA | -310K | -446K | -15.1M | -29.9M | -35.5M | -44.3M | -55.7M |
| EPS | -0.01 | -0.01 | -0.21 | -0.43 | -0.68 | -0.75 | -0.79 |
| Diluted EPS | -0.01 | -0.01 | -0.21 | -0.43 | -0.68 | -0.75 | -0.79 |
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 | 7.1M | 8.3M | 8.7M | 9.8M | 8.4M | 8.2M | 7.9M | 9M | 10.6M | 11.4M | 12.4M | 12.4M |
| Selling, general & administrative | 2.6M | 2.8M | 2.8M | 3.4M | 4.2M | 4.7M | 4.8M | 5.7M | 5.9M | 5.3M | 6.4M | 7.1M |
| Operating expenses | 9.6M | 11.1M | 11.5M | 13.1M | 12.5M | 12.9M | 12.7M | 14.6M | 16.5M | 16.6M | 18.7M | 19.5M |
| Operating income | -9.7M | -11.2M | -11.5M | -13.2M | -12.6M | -12.9M | -12.8M | -14.7M | -16.5M | -16.7M | -18.7M | -19.4M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | 3.1M | -2.7M | 2.4M | 1.5M | -748K | 2.5M | 103K | 4.3M | 1.5M | 1.8M | -801K | 3.3M |
| Pretax income | -5.6M | -11.3M | -7.7M | -10.4M | -12.1M | -8.8M | -10.8M | -9.3M | -14M | -14.1M | -19M | -15.1M |
| Income tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income | -5.6M | -11.3M | -7.7M | -10.4M | -12.1M | -8.8M | -10.8M | -9.3M | -14M | -14.1M | -19M | -15.1M |
| Net margin | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -8.6M | -8.5M | -9.8M | -11.8M | -11.3M | -11.3M | -10.8M | -13.5M | -15.5M | -15.9M | -18.1M | -18.4M |
| EPS | -0.11 | — | -0.15 | -0.2 | -0.23 | — | -0.19 | -0.15 | -0.23 | — | -0.31 | -0.23 |
| Diluted EPS | -0.11 | — | -0.15 | -0.2 | -0.23 | — | -0.19 | -0.15 | -0.23 | — | -0.31 | -0.23 |
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 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Market cap | — | — | — | — | 303.5M | 363.6M | — | 1.6B |
| Enterprise value | — | — | — | — | 143M | 214.9M | — | 1.2B |
| Shares outstanding | 28M | 30.4M | 43.7M | 52M | 52.3M | 51.9M | 61M | 61M |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | -29.7 |
| P/B | — | — | — | — | 1.39 | 2.03 | — | 4.47 |
| EV/EBITDA | — | — | — | — | -4.02 | -4.85 | — | -17.5 |
| Earnings yield | — | — | — | — | — | — | — | -3.37% |
| FCF yield | — | — | — | — | -11% | -11.6% | — | -2.27% |
| PEG | — | — | — | — | — | — | — | -0.56 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | — | — | 0% |
| Net margin | — | — | — | — | — | — | — | 0% |
| ROE | -77.5% | -7.87% | -3.32% | -8.99% | -16.3% | -21.8% | -17.3% | -18.8% |
| ROA | -61.5% | -7.54% | -3.29% | -8.83% | -15.7% | -20.7% | -16.7% | -13% |
| ROIC | — | 194.8% | -3.8K% | -36.6% | -70.6% | -166.1% | 12.3K% | 2.6K% |
| Return on tangible assets | -61.5% | -7.54% | -3.29% | -8.83% | -15.7% | -20.7% | -16.7% | -16.7% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Current ratio | 4.85 | 24 | 101.8 | 37.1 | 24.5 | 17.2 | 34.1 | 28.7 |
| Quick ratio | 4.85 | 24 | 101.8 | 37.1 | 24.5 | 17.2 | 34.1 | 28.7 |
| Debt / equity | — | — | — | 0 | 0 | 0 | 0 | 0 |
| Debt / assets | — | — | — | 0 | 0 | 0 | 0 | 0 |
| Net debt / EBITDA | — | — | — | 5.55 | 4.52 | 3.35 | 5.03 | 5.34 |
| Interest coverage | — | — | -1K | — | -563.9 | -810.7 | -1.4K | -2.2K |
| Effective tax rate | — | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (basic) | -0.01 | -0.01 | -0.21 | -0.43 | -0.68 | -0.75 | -0.79 | -0.79 |
| EPS (diluted) | -0.01 | -0.01 | -0.21 | -0.43 | -0.68 | -0.75 | -0.79 | -0.99 |
| Book value per share | 0.01 | 0.19 | 6.35 | 4.8 | 4.18 | 3.44 | 4.58 | 5.24 |
| FCF per share | -0.01 | -0.01 | -0.35 | -0.5 | -0.64 | -0.81 | -0.72 | -0.78 |
| Cash per share | 0.02 | 0.19 | 6.34 | 3.19 | 3.09 | 2.87 | 4.6 | 5.28 |
| Capex per share | 0 | 0 | 0 | 0 | 0 | 0 | — | — |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Capex / operating cash flow | 0% | 0% | -1.18% | -0.31% | -0.24% | -0.11% | — | — |
| Payout ratio | — | — | — | — | — | — | — | 0% |
| — |
| — |
| $0 |
| — |
| FY20 | — | -$0.01 | — | — | $0 | — |
| FY19 | — | -$0.01 | — | — | $0 | — |
| 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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 498K | 5.9M | 276.8M | 166M | 161.6M | 149.3M | 280.7M |
| Receivables | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — |
| Total current assets | 504K | 5.9M | 279.8M | 168.5M | 164.1M | 154.2M | 286M |
| Property, plant & equipment | — | — | 82K | 97K | 1.1M | 748K | 620K |
| Goodwill & intangibles | — | — | — | — | — | — | — |
| Total assets | 504K | 5.9M | 279.9M | 254.4M | 226.3M | 188.3M | 288.2M |
| Accounts payable | 93K | 1K | 883K | 1.9M | 3.5M | 3.7M | 3.8M |
| Short-term debt | — | — | — | — | 343K | 255K | 365K |
| Total current liabilities | 104K | 246K | 2.7M | 4.5M | 6.7M | 9M | 8.4M |
| Long-term debt | — | — | — | 0 | 631K | 369K | 147K |
| Total liabilities | 104K | 246K | 2.7M | 4.5M | 7.3M | 9.3M | 8.5M |
| Shareholders' equity | 400K | 5.7M | 277.2M | 249.8M | 219M | 179M | 279.7M |
| Total debt | — | — | — | 0 | 974K | 624K | 512K |
| Net debt | — | — | — | -166M | -77.4M | -100.2M | -245.7M |
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 | 161.3M | 161.6M | 157.9M | 151.3M | 150M | 149.3M | 291.3M | 291.5M | 288.5M | 280.7M | 267.3M | 362.6M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 164M | 164.1M | 160.5M | 152.9M | 154.9M | 154.2M | 294.7M | 293.9M | 294.8M | 286M | 272.2M | 368.8M |
| Property, plant & equipment | — | 1.1M | — | — | — | 748K | — | — | — | 620K | — | — |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 232.6M | 226.3M | 217.6M | 207M | 199.6M | 188.3M | 320.5M | 313.4M | 302M | 288.2M | 275.3M | 372.3M |
| Accounts payable | 2.7M | 3.5M | 3.6M | 2.6M | 2.9M | 3.7M | 4.8M | 3.4M | 3.8M | 3.8M | 5.2M | 5.9M |
| Short-term debt | 260K | 343K | 336K | 263K | 275K | 255K | 336K | 364K | 365K | 365K | 357K | 354K |
| Total current liabilities | 6.1M | 6.7M | 7.3M | 7.8M | 9.8M | 9M | 9.9M | 10M | 10.4M | 8.4M | 11.8M | 12.9M |
| Long-term debt | 661K | 631K | 561K | 497K | 458K | 369K | 322K | 283K | 217K | 147K | 75K | 6K |
| Total liabilities | 6.8M | 7.3M | 7.8M | 8.3M | 10.2M | 9.3M | 10.2M | 10.2M | 10.6M | 8.5M | 11.9M | 12.9M |
| Shareholders' equity | 225.8M | 219M | 209.7M | 198.7M | 189.4M | 179M | 310.2M | 303.2M | 291.4M | 279.7M | 263.4M | 359.5M |
| Total debt | 921K | 974K | 897K | 760K | 733K | 624K | 658K | 647K | 582K | 512K | 432K | 360K |
| Net debt | -85.5M | -77.4M | -76.6M | -86.4M | -89.3M | -100.2M | -244.3M | -253.2M | -249.1M | -245.7M | -242.2M | -344.7M |
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 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Net income | -310K | -446K | -9.2M | -22.5M | -35.6M | -39M | -48.3M |
| Depreciation & amortization | 0 | 0 | 19K | 47K | 315K | 315K | 335K |
| Stock-based compensation | 0 | 0 | 366K | 1.7M | 2.3M | 1.2M | 8.5M |
| Change in working capital | — | — | — | — | — | — | — |
| Operating cash flow | -310K | -446K | -8.8M | -21.8M | -41.2M | -46.6M | -43.6M |
| Capital expenditure | 0 | 0 | -104K | -67K | -100K | -49K | — |
| Investing cash flow | 0 | 0 | -104K | -84.7M | -54.1M | 65.1M | 46.3M |
| Dividends paid | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — |
| Financing cash flow | 797K | 5.5M | 286.4M | 0 | -204K | -304K | 139.7M |
| Net change in cash | 487K | 5.1M | 277.5M | -106.5M | -95.5M | 18.2M | 142.4M |
| Free cash flow | -289K | -330K | -15.4M | -26.3M | -33.4M | -42.3M | -43.7M |
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 | -5.6M | -11.3M | -7.7M | -10.4M | -12.1M | -8.8M | -10.8M | -9.3M | -14M | -14.1M | -19M | -15.1M |
| Depreciation & amortization | 80K | 78K | 80K | 78K | 79K | 78K | 76K | 82K | 89K | 88K | 91K | 91K |
| Stock-based compensation | 647K | 642K | 277K | -138K | 273K | 759K | 1.6M | 1.9M | 2.3M | 2.7M | 1.8M | 2.2M |
| Change in working capital | — | — | — | — | — | — | — | — | — | — | — | — |
| Operating cash flow | -7.2M | -13.3M | -9.8M | -12.8M | -14.1M | -9.9M | -11.7M | -9M | -13.7M | -12.3M | -10.7M | -15M |
| Capital expenditure | -8K | -24K | -12K | -8K | -4K | -25K | -4K | — | — | — | — | — |
| Investing cash flow | -8K | -24K | 8.8M | 19.7M | 15.3M | 21.3M | 11.8M | 15.8M | 9.8M | 8.9M | 8.7M | 6.4M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | -56K | -56K | -71K | -114K | -60K | -59K | 140.9M | -1.1M | -66K | -68K | 2K | 117.9M |
| Net change in cash | -7.2M | -13.4M | -1.1M | 6.8M | 1.1M | 11.4M | 141M | 5.7M | -3.9M | -3.5M | -2M | 109.2M |
| Free cash flow | -10.3M | -8.1M | -9.6M | -9.9M | -12.3M | -10.5M | -8.6M | -9M | -13.7M | -12.3M | -10.7M | -15M |