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 | -$3.12 | -$2.86 | +8.3% | — | $0 | — |
| Q1 26 | -$4.08 | -$7.36 | -80.4% | — | $0 | — |
| Q3 25 | -$4.32 | -$2.64 | +38.9% | — | $0 | — |
| Q2 25 | -$6.64 | -$5.04 | +24.1% | — | $0 | — |
| Q1 25 | -$7.12 | -$4.96 | +30.3% | — | $0 | — |
| Q4 23 | -$0.32 | -$0.98 | -206.2% | — | $0 | — |
| Q3 23 | -$0.27 | -$0.24 | +11.1% | — | $0 | — |
| Q2 23 | -$0.34 | -$0.95 | -179.4% | — | $0 | — |
| Q1 23 | -$144 | -$104.6 | +27.3% | — | $0 | — |
| Q4 22 | -$0.14 | -$0.1 | +28.6% | — | $0 | — |
| Q3 22 | -$0.16 | -$0.21 | -31.2% | — | $0 | — |
| Q2 22 | -$342 | -$216 | +36.8% | — | $0 | — |
| Q1 22 | -$453.6 | -$345.6 | +23.8% | — | $0 | — |
| Q4 21 | -$547.2 | -$446.4 | +18.4% | — | — | — |
| Q3 21 | -$604.8 | -$475.2 | +21.4% | — | — | — |
| Q2 21 | -$568.8 | -$547.2 | +3.8% | — | — | — |
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 | — | -$19.1 | — | — | $0 | — |
| FY24 | — | -$8.08 | — | — | $0 | — |
| FY23 | — | -$30 | — | — | $0 | — |
| FY22 | — | -$127.8 | — | — | $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 | $467K | $1.1M | $2M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| YoY change | +InfinityT% | +132.3% | +87.8% | -100% | 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 | 467K | 1.1M | 2M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — |
| Research & development | 14.3M | 9.7M | 8.3M | 18.2M | 26.1M | 27.2M | 13M | 3.6M | 3M | 4.9M |
| Selling, general & administrative | 3.1M | 3.8M | 4.4M | 4.2M | 4.1M | 5.7M | 4.7M | 3.9M | 3.3M | 3.6M |
| Operating expenses | 17.4M | 13.9M | 13.2M | 22.4M | 30.2M | 32.9M | 17.7M | 7.5M | 6.3M | 8.5M |
| Operating income | -16.9M | -12.4M | -10.7M | -22.4M | -30.2M | -32.9M | -17.7M | -7.5M | -6.3M | -8.5M |
| Operating margin | -3.6K% | -1.1K% | -525.8% | — | — | — | — | — | — | — |
| Non-operating income, net | -280K | -88K | 17K | -5K | 278K | -105K | -490K | 216K | -1.1M | -2.6M |
| Pretax income | -16.8M | -12.3M | -9.8M | -20.5M | -28.8M | -32.5M | -17.9M | -6.9M | -7.5M | -10.3M |
| Income tax | 106K | 0 | 75K | 0 | 0 | — | — | — | — | — |
| Net income | -17M | -12.3M | -9.9M | -20.5M | -28.8M | -32.5M | -17.9M | -6.9M | -7.5M | -10.3M |
| Net margin | -3.6K% | -1.1K% | -483.6% | — | — | — | — | — | — | — |
| EBITDA | -16.4M | -12M | -10.3M | -22.3M | -30.4M | -32.7M | -17.1M | -7.7M | -5.1M | -5.9M |
| EPS | -268.2 | -176.4 | -97.2 | -174.6 | -243 | -237.6 | -127.8 | -30 | -8.08 | -19.1 |
| Diluted EPS | -268.2 | -176.4 | -97.2 | -174.6 | -243 | -237.6 | -127.8 | -30 | -8.08 | -19.1 |
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 | 556K | 1.1M | 635K | 534K | 738K | 1.1M | 634K | 1.1M | 1.1M | 2.1M | 1.4M | 1.8M |
| Selling, general & administrative | 912K | 1M | 766K | 688K | 1.3M | 572K | 630K | 1.1M | 1M | 946K | 684K | 993K |
| Operating expenses | 1.5M | 2.2M | 1.4M | 1.2M | 2M | 1.6M | 1.3M | 2.1M | 2.1M | 3M | 2M | 2.8M |
| Operating income | -1.5M | -2.2M | -1.4M | -1.2M | -2M | -1.6M | -1.3M | -2.1M | -2.1M | -3M | -2M | -2.8M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | — | — | — | — | — | — | — | -526K | — | -2.1M | — | — |
| Pretax income | -1.5M | -2M | -1.3M | -1.1M | -1.9M | -3.2M | -1.1M | -2.5M | -1.9M | -4.8M | -1.9M | -2.7M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — |
| Net income | -1.5M | -2M | -1.3M | -1.1M | -1.9M | -3.2M | -1.1M | -2.5M | -1.9M | -4.8M | -1.9M | -2.7M |
| Net margin | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -1.5M | -2.1M | -1.4M | -1.1M | -2M | -1.6M | -1.3M | -1.6M | -2.1M | -950K | -2M | -2.8M |
| EPS | -41.2 | — | -2.76 | -2.16 | -2.31 | — | -0.62 | -0.63 | -2.64 | — | -2.32 | -2.86 |
| Diluted EPS | -41.2 | — | -2.76 | -2.16 | -2.31 | — | -0.62 | -0.63 | -2.64 | — | -2.32 | -2.86 |
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 | — | — | — | — | — | — | — | — | — | — | 3.9M |
| Enterprise value | — | — | — | — | — | — | — | — | — | — | -7.5M |
| Shares outstanding | 63.2K | 69.4K | 100.8K | 117.3K | 118.2K | 136.7K | 139.7K | 230.8K | 930.8K | 538.9K | 538.9K |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | — | — | — | 0.02 |
| P/B | — | — | — | — | — | — | — | — | — | — | 0.36 |
| EV/EBITDA | — | — | — | — | — | — | — | — | — | — | 1.27 |
| Earnings yield | — | — | — | — | — | — | — | — | — | — | 5.5K% |
| FCF yield | — | — | — | — | — | — | — | — | — | — | -136% |
| PEG | — | — | — | — | — | — | — | — | — | — | 0 |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | -3.6K% | -1.1K% | -525.8% | — | — | — | — | — | — | — | 0% |
| Net margin | -3.6K% | -1.1K% | -483.6% | — | — | — | — | — | — | — | 0% |
| ROE | -153.1% | -77.9% | -11.2% | -29.3% | -65.2% | -106.5% | -133.1% | -49.8% | -46% | -65.3% | -68.2% |
| ROA | -103.1% | -62.6% | -10.9% | -26.5% | -54.9% | -88.7% | -107.9% | -41.6% | -40.6% | -55.3% | -30.2% |
| ROIC | 386.1% | 386.1% | 467.1% | 423.3% | 463.6% | — | — | — | — | — | — |
| Return on tangible assets | -103.1% | -62.6% | -10.9% | -26.5% | -54.9% | -88.7% | -107.9% | -41.6% | -40.6% | -55.3% | -207.3% |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 3.44 | 4.98 | 33.4 | 11 | 6.47 | 6.13 | 4.76 | 4.81 | 7.42 | 6.55 | 4.16 |
| Quick ratio | 3.44 | 4.98 | 33.4 | 11 | 6.47 | 6.13 | 4.76 | 4.81 | 7.42 | 6.55 | 4.16 |
| Debt / equity | — | — | 0 | 0.01 | 0 | 0.01 | 0.02 | 0 | — | — | 0.01 |
| Debt / assets | — | — | 0 | 0 | 0 | 0.01 | 0.01 | 0 | — | — | 0.01 |
| Net debt / EBITDA | — | — | 8.72 | 3.36 | 1.66 | 1.06 | 0.79 | 1.64 | — | — | 1.41 |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | — | — | — | — | — | — |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | 7.39 | 15.6 | 20.2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (basic) | -268.2 | -176.4 | -97.2 | -174.6 | -243 | -237.6 | -127.8 | -30 | -8.08 | -19.1 | -19.1 |
| EPS (diluted) | -268.2 | -176.4 | -97.2 | -174.6 | -243 | -237.6 | -127.8 | -30 | -8.08 | -19.1 | -14.3 |
| Book value per share | 175.3 | 227.7 | 872.3 | 595.5 | 373.5 | 223.2 | 96.1 | 60.1 | 17.5 | 29.3 | 12.7 |
| FCF per share | -192.2 | -174.1 | -90.4 | -127.4 | -222.7 | -240.8 | -132.5 | -26.6 | -6.32 | -11.7 | -8.97 |
| Cash per share | 244.5 | 273.8 | 895 | 643.6 | 430.4 | 254.8 | 98.7 | 54.8 | 16.5 | 33.7 | 11.2 |
| Capex per share | 0.06 | 0.17 | 0.89 | 0.1 | 0.37 | 0.08 | 0.03 | 0 | 0 | — | — |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Capex / revenue | 0.86% | 1.11% | 4.42% | — | — | — | — | — | — | — | — |
| Capex / operating cash flow | -0.04% | -0.09% | -1.01% | -0.08% | -0.17% | -0.03% | -0.02% | 0% | 0% | — | — |
| FY21 | — | -$237.6 | — | — | $0 | — |
| FY20 | — | -$243 | — | — | $0 | — |
| FY19 | — | -$174.6 | — | — | $0 | — |
| FY18 | — | -$97.2 | — | — | $2M | — |
| FY17 | — | -$176.4 | — | — | $1.1M | — |
| FY16 | — | -$268.2 | — | — | $467K | — |
| 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 | 19M | 90.2M | 75.5M | 50.9M | 34.8M | 13.8M | 12.6M | 15.3M | 18.2M |
| Receivables | 284K | 155K | 51K | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 15.7M | 19.2M | 90.4M | 76.4M | 51.8M | 36.1M | 14.7M | 13.2M | 16.1M | 18.6M |
| Property, plant & equipment | 718K | 491K | 194K | 709K | 570K | 551K | 337K | 125K | 0 | — |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — |
| Total assets | 16.4M | 19.6M | 90.6M | 77.1M | 52.4M | 36.6M | 16.6M | 16.6M | 18.5M | 18.6M |
| Accounts payable | 3.1M | 2.3M | 1.8M | 6M | 7M | 4.9M | 2.6M | 1.9M | 1.3M | 2M |
| Short-term debt | — | — | — | — | — | — | 171K | 41K | — | — |
| Total current liabilities | 4.6M | 3.8M | 2.7M | 6.9M | 8M | 5.9M | 3.1M | 2.8M | 2.2M | 2.8M |
| Long-term debt | — | — | 0 | 352K | 216K | 229K | 44K | 0 | — | — |
| Total liabilities | 5.4M | 3.8M | 2.7M | 7.3M | 8.2M | 6.1M | 3.1M | 2.8M | 2.2M | 2.8M |
| Shareholders' equity | 11.1M | 15.8M | 87.9M | 69.9M | 44.2M | 30.5M | 13.4M | 13.9M | 16.3M | 15.8M |
| Total debt | — | — | 0 | 352K | 216K | 229K | 215K | 41K | — | — |
| Net debt | — | — | -24.2M | -15.6M | -6.7M | -2.7M | -1.8M | -2.8M | — | — |
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 | 13.3M | 12.6M | 10.8M | 9.8M | 17.1M | 15.3M | 15.7M | 20.5M | 19.1M | 18.2M | 15.5M | 11.2M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 14.2M | 13.2M | 11.2M | 10.1M | 17.7M | 16.1M | 16.3M | 21.1M | 19.7M | 18.6M | 16M | 11.7M |
| Property, plant & equipment | 175K | 125K | 74K | — | — | 0 | — | — | — | — | — | 164K |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | 12.8M |
| Total assets | 17.6M | 16.6M | 14.5M | 13.3M | 20.9M | 18.5M | 18.7M | 22.9M | 21.6M | 18.6M | 16M | 18.3M |
| Accounts payable | 1.5M | 1.9M | 1.4M | 1.2M | 1.3M | 1.3M | 1.3M | 1.4M | 1.7M | 2M | 1.7M | 1.9M |
| Short-term debt | — | 41K | — | — | — | — | — | — | — | — | — | 83K |
| Total current liabilities | 2.1M | 2.8M | 1.8M | 1.6M | 2.5M | 2.2M | 1.8M | 2.4M | 2.5M | 2.8M | 2.1M | 2.8M |
| Long-term debt | 0 | 0 | — | — | — | — | — | — | — | — | — | 46K |
| Total liabilities | 2.1M | 2.8M | 1.8M | 1.6M | 2.5M | 2.2M | 1.8M | 2.4M | 2.5M | 2.8M | 2.1M | 5.5M |
| Shareholders' equity | 15.5M | 13.9M | 12.8M | 11.8M | 18.4M | 16.3M | 16.9M | 20.5M | 19.1M | 15.8M | 13.9M | 12.7M |
| Total debt | 0 | 41K | — | — | — | — | — | — | — | — | — | 129K |
| Net debt | -1.5M | -2.8M | — | — | — | — | — | — | — | — | — | -2.8M |
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 | -17M | -12.3M | -9.9M | -20.5M | -28.8M | -32.5M | -17.9M | -6.9M | -7.5M | -10.3M |
| Depreciation & amortization | 169K | 239K | 387K | 35K | 39K | 42K | 35K | 31K | 83K | 0 |
| Stock-based compensation | 1.6M | 1.4M | 1.8M | 2.2M | 2.1M | 1.9M | 1.3M | 892K | 531K | 546K |
| Change in working capital | 2.7M | -2.1M | -1.1M | 3.6M | 1.1M | -2.5M | -2M | -336K | -756K | 935K |
| Operating cash flow | -10.8M | -12.9M | -8.9M | -14.7M | -25.9M | -33M | -18.6M | -6.4M | -7M | -6.3M |
| Capital expenditure | -4K | -12K | -90K | -12K | -44K | -11K | -4K | 0 | 0 | — |
| Investing cash flow | 6.3M | 6.4M | -60M | 6.7M | 16.5M | 11.5M | 17.6M | 800K | -1.1M | -3.4M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 4.5M | 15M | 79.1M | 0 | 707K | 17.4M | 70K | 6.2M | 8.8M | 9M |
| Net change in cash | 2K | 8.6M | 10.2M | -8M | -8.6M | -4.2M | -949K | 613K | 627K | -664K |
| Free cash flow | -12.1M | -12.1M | -9.1M | -14.9M | -26.3M | -32.9M | -18.5M | -6.1M | -5.9M | -6.3M |
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 | — | — | — | — | — | — | — | — | -1.9M | -4.8M | -1.9M | -2.7M |
| Depreciation & amortization | — | — | — | — | — | — | — | — | 0 | 0 | — | — |
| Stock-based compensation | — | — | — | — | — | — | — | — | 105K | 240K | 156K | 156K |
| Change in working capital | -429K | 290K | 226K | 119K | -291K | -246K | 225K | 14K | 189K | 446K | -383K | 376K |
| Operating cash flow | -429K | 290K | 226K | 119K | -291K | -246K | 225K | 14K | -1.9M | -1.9M | -2.5M | -2.1M |
| Capital expenditure | — | — | — | — | — | — | — | — | — | — | — | — |
| Investing cash flow | — | — | — | — | — | — | — | — | -3K | 1.4M | 152K | 5.4M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | — | — | — | — | — | — | — | — | 289K | 1.2M | 0 | 1.2M |
| Net change in cash | -429K | 290K | 226K | 119K | -291K | -246K | 225K | 14K | -1.6M | 671K | -2.4M | 4.5M |
| Free cash flow | — | — | — | — | — | — | — | — | -1.9M | -1.9M | -2.5M | -2.1M |