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 % |
|---|---|---|---|---|---|---|
| Q4 24 | -$2.82 | -$5 | -77.3% | — | $0 | — |
| Q3 24 | -$3.7 | -$3.39 | +8.4% | — | $0 | — |
| Q2 24 | -$6 | -$5 | +16.7% | — | $0 | — |
| Q1 24 | -$4.25 | -$5 | -17.6% | — | $0 | — |
| Q4 23 | -$6.25 | -$4.76 | +23.8% | — | $0 | — |
| Q3 23 | -$0.47 | -$0.3 | +36.2% | — | $0 | — |
| Q2 23 | -$0.59 | -$0.41 | +30.5% | — | $0 | — |
| Q1 23 | -$17.3 | -$12.8 | +26.1% | — | $0 | — |
| Q4 22 | -$14.3 | -$13.8 | +3.5% | — | $0 | — |
| Q3 22 | -$17 | -$13.5 | +20.6% | — | $0 | — |
| Q2 22 | -$17.3 | -$16.8 | +2.9% | — | $0 | — |
| Q1 22 | -$15.3 | -$16.8 | -9.8% | — | $0 | — |
| Q4 21 | -$0.56 | -$0.53 | +5.4% | — | $0 | — |
| Q3 21 | -$0.56 | -$0.5 | +10.7% | — | $0 | — |
| Q2 21 | -$13.5 | -$12.3 | +9.3% | — | $0 | — |
| Q1 21 | -$11.5 | -$13.3 | -15.2% | — | $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 | — |
| FY24 | — | -$18.5 | — | — | $0 | — |
| FY23 | — | -$36 | — | — | $0 | — |
| FY22 | — | -$60.8 | — | — | $0 | — |
| FY21 | — | -$51.3 |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| YoY change | — | 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.
| Period | Q1 23 |
|---|
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — |
| Research & development | 10.1M | 36.5M | 24.6M | 38.5M | 48.2M | 23.8M | 10.8M | 201.2M |
| Selling, general & administrative | 2.8M | 2.4M | 9M | 13.7M | 13M | 12.7M | 10.5M | 9.7M |
| Operating expenses | 12.9M | 39M | 33.6M | 52.2M | 61.2M | 36.5M | 21.3M | 210.9M |
| Operating income | -12.9M | -39M | -33.6M | -52.2M | -61.2M | -36.5M | -21.3M | -210.9M |
| Operating margin | — | — | — | — | — | — | — | — |
| Non-operating income, net | 8K | 2.5M | -1.2M | 319K | -1.1M | -3.6M | -950K | -84K |
| Pretax income | -15.9M | -36.5M | -34.8M | -51.8M | -61.6M | -38.3M | -21.4M | -209.8M |
| Income tax | — | — | — | — | — | — | 41K | 50K |
| Net income | -15.9M | -36.5M | -34.8M | -51.8M | -61.6M | -38.3M | -21.4M | -209.8M |
| Net margin | — | — | — | — | — | — | — | — |
| EBITDA | -13.4M | -39.4M | -32.2M | -52.1M | -59.6M | -32M | -20.2M | -210.8M |
| EPS | -66.1 | -82.4 | -190.5 | -51.3 | -60.8 | -36 | -18.5 | — |
| Diluted EPS | -66.1 | -82.4 | -190.5 | -51.3 | -60.8 | -36 | -18.5 | — |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | Q1 23 | Q2 23 | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Research & development | 10.4M | 8.1M | 2.6M | 2.8M | 2.5M | 1.8M | 1.1M | 5.4M | 678K | 1.5M | 1.4M | 197.6M |
| Selling, general & administrative | 3.1M | 3.1M | 3.3M | 3.2M | 3.3M | 2.8M | 2.7M | 1.7M | 1.9M | 2M | 1.7M | 4.1M |
| Operating expenses | 13.5M | 11.2M | 5.9M | 6M | 5.7M | 4.6M | 3.8M | 7.1M | 2.6M | 3.4M | 3.2M | 201.7M |
| Operating income | -13.5M | -11.2M | -5.9M | -6M | -5.7M | -4.6M | -3.8M | -7.1M | -2.6M | -3.4M | -3.2M | -201.7M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | 64K | -27K | -2.8M | -864K | 7K | -900K | -182K | 125K | -6K | -62K | -19K | 3K |
| Pretax income | -13M | -10.7M | -8.1M | -6.5M | -5.5M | -5.3M | -3.9M | -6.7M | -2.5M | -3.4M | -3.1M | -200.7M |
| Income tax | — | 0 | 0 | — | — | 42K | 7K | -8K | 2K | 4K | 0 | 44K |
| Net income | -13M | -10.7M | -8.1M | -6.5M | -5.5M | -5.3M | -3.9M | -6.7M | -2.5M | -3.4M | -3.1M | -200.7M |
| Net margin | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -13.4M | -11M | -2.7M | -4.9M | -5.7M | -3.6M | -3.6M | -7.2M | -2.6M | -3.4M | -3.1M | -201.7M |
| EPS | -12.8 | -10.3 | -7.5 | — | -5 | -5 | -3.39 | — | -1.92 | -2.6 | -2.36 | — |
| Diluted EPS | -12.8 | -10.3 | -7.5 | — | -5 | -5 | -3.39 | — | -1.92 | -2.6 | -2.36 | — |
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 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Market cap | — | — | — | — | 29.2M | 19.1M | 5.4M | — | 1.2B |
| Enterprise value | — | — | — | — | -30.2M | -13.8M | -8.7M | — | 27.7M |
| Shares outstanding | 287.3K | 510.5K | 182.9K | 1M | 1M | 1.1M | 1.2M | — | — |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| P/B | — | — | — | — | 0.47 | 0.59 | 0.34 | — | 5.71 |
| EV/EBITDA | — | — | — | — | 0.51 | 0.43 | 0.43 | — | -2.33 |
| FCF yield | — | — | — | — | -147.6% | -192.9% | -346.1% | — | -0.57% |
| PEG | — | — | — | — | — | — | — | — | -30.2 |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | — | — | — | 0% |
| Net margin | — | — | — | — | — | — | — | — | 0% |
| ROE | -51.8% | -75.3% | -21.1% | -44.1% | -99.8% | -118.6% | -135.4% | -87.3% | -109.5% |
| ROA | -45.2% | -64.5% | -20.3% | -42.3% | -84.2% | -100.3% | -125.1% | -80.5% | -43.5% |
| ROIC | — | — | — | — | — | — | -1.2K% | 1.2K% | 1.2K% |
| Return on tangible assets | -45.2% | -64.5% | -20.3% | -42.3% | -84.2% | -100.3% | -125.1% | -80.5% | -80.5% |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 7.87 | 7.07 | 30.4 | 24.2 | 5.75 | 6.31 | 14.1 | 13 | 3.73 |
| Quick ratio | 7.87 | 7.07 | 30.4 | 24.2 | 5.75 | 6.31 | 14.1 | 13 | 13 |
| Debt / equity | 0 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0 | 0 | 0.01 |
| Debt / assets | 0 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0 | 0 | 0 |
| Net debt / EBITDA | 2.31 | 0.28 | 5.04 | 1.91 | 1 | 1.03 | 0.7 | 1.22 | 1.22 |
| Interest coverage | -4.34 | — | — | — | — | — | — | — | — |
| Effective tax rate | — | — | — | — | — | — | 0% | 0% | 0% |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — | — |
| EPS (basic) | -66.1 | -82.4 | -190.5 | -51.3 | -60.8 | -36 | -18.5 | — | — |
| EPS (diluted) | -66.1 | -82.4 | -190.5 | -51.3 | -60.8 | -36 | -18.5 | — | -12.1 |
| Book value per share | 106.7 | 95 | 904.8 | 116 | 60.8 | 30.4 | 13.7 | — | 5.02 |
| FCF per share | -47.6 | -37.9 | -208.9 | -52 | -42.4 | -34.7 | -16.1 | — | -4.42 |
| Cash per share | 107.8 | 22.1 | 894.3 | 99.2 | 59.3 | 31.2 | 12.2 | — | 5.73 |
| Capex per share | — | — | 0 | 0.22 | 0.19 | 0.08 | 0 | — | — |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Capex / operating cash flow | — | — | 0% | -0.45% | -0.36% | -0.25% | 0% | — | — |
| Payout ratio | — | — | — | — | — | — | — | — | 0% |
| — |
| — |
| $0 |
| — |
| FY20 | — | -$190.5 | — | — | $0 | — |
| FY19 | — | -$82.4 | — | — | $0 | — |
| FY18 | — | -$66.1 | — | — | $0 | — |
| Q2 23 |
|---|
| Q3 23 |
|---|
| Q4 23 |
|---|
| Q1 24 |
|---|
| Q2 24 |
|---|
| Q3 24 |
|---|
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| 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 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 31M | 11.3M | 163.6M | 100.2M | 60.2M | 33.2M | 14.2M | 257.6M |
| Receivables | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — |
| Total current assets | 35M | 56.1M | 169.3M | 110.1M | 63.9M | 36.8M | 16.8M | 260.4M |
| Property, plant & equipment | — | 298K | 885K | 1.3M | 1.2M | 325K | 130K | 104K |
| Goodwill & intangibles | — | — | — | — | — | — | — | — |
| Total assets | 35.1M | 56.6M | 171.6M | 122.2M | 73.2M | 38.2M | 17.1M | 260.5M |
| Accounts payable | 1.4M | 3.3M | 2.9M | 1.5M | 3.4M | 1.7M | 377K | 444K |
| Short-term debt | — | 87K | 374K | 399K | 476K | 183K | 12K | 15K |
| Total current liabilities | 4.4M | 7.9M | 5.6M | 4.5M | 11.1M | 5.8M | 1.2M | 20.1M |
| Long-term debt | 0 | 211K | 541K | 448K | 328K | 66K | 61K | 53K |
| Total liabilities | 4.4M | 8.1M | 6.1M | 5M | 11.4M | 5.9M | 1.3M | 20.1M |
| Shareholders' equity | 30.7M | 48.5M | 165.5M | 117.2M | 61.8M | 32.3M | 15.8M | 240.4M |
| Total debt | 0 | 298K | 915K | 847K | 804K | 249K | 73K | 68K |
| Net debt | -31M | -11M | -162.7M | -61.7M | -32M | -21.2M | -14.1M | -257.6M |
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 | Q1 23 | Q2 23 | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 53.2M | 52.1M | 44.2M | 33.2M | 27.2M | 22.9M | 19.7M | 14.2M | 11.9M | 10.2M | 7.6M | 257.6M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 57.1M | 55.4M | 47.1M | 36.8M | 30.5M | 25.2M | 21.2M | 16.8M | 14.9M | 13M | 9.8M | 260.4M |
| Property, plant & equipment | 1M | 961K | 578K | 325K | 225K | 143K | 94K | 130K | 125K | 122K | 113K | 104K |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 64.6M | 58.8M | 50M | 38.2M | 32.5M | 27.3M | 23.4M | 17.1M | 15.4M | 13.7M | 10.7M | 260.5M |
| Accounts payable | 3.5M | 5.6M | 4.5M | 1.7M | 1.7M | 724K | 503K | 377K | 354K | 756K | 520K | 444K |
| Short-term debt | 452K | 420K | 352K | 183K | 155K | 77K | 32K | 12K | 13K | 15K | 15K | 15K |
| Total current liabilities | 14.1M | 14.9M | 12.6M | 5.8M | 4.3M | 3.7M | 2.4M | 1.2M | 1.6M | 2.6M | 2.6M | 20.1M |
| Long-term debt | 234K | 206K | 112K | 66K | 0 | 0 | 0 | 61K | 60K | 60K | 57K | 53K |
| Total liabilities | 14.3M | 15.1M | 12.7M | 5.9M | 4.3M | 3.7M | 2.4M | 1.3M | 1.7M | 2.7M | 2.7M | 20.1M |
| Shareholders' equity | 50.3M | 43.7M | 37.4M | 32.3M | 28.2M | 23.6M | 20.9M | 15.8M | 13.7M | 11M | 8M | 240.4M |
| Total debt | 686K | 626K | 464K | 249K | 155K | 77K | 32K | 73K | 73K | 75K | 72K | 68K |
| Net debt | -24.4M | -22.3M | -22.6M | -21.2M | -20.9M | -22.8M | -19.6M | -14.1M | -11.9M | -10.1M | -7.5M | -257.6M |
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 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Net income | -15.9M | -36.5M | -34.8M | -51.8M | -61.6M | -38.3M | -21.4M | -209.8M |
| Depreciation & amortization | 0 | 111K | 188K | 441K | 490K | 830K | 181K | 34K |
| Stock-based compensation | 81K | 0 | 982K | 4.5M | 5.6M | 5.4M | 3.2M | 998K |
| Change in working capital | 733K | 1.7M | -1.9M | -2.7M | 1M | -1.1M | -482K | 17.4M |
| Operating cash flow | -12M | -19.8M | -35.5M | -49.5M | -54.5M | -33.1M | -16.5M | -17M |
| Capital expenditure | — | — | 0 | -223K | -196K | 83K | 0 | — |
| Investing cash flow | 0 | -326K | 0 | -48M | 12.4M | 22.3M | 11.7M | -17.4M |
| Dividends paid | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — |
| Financing cash flow | 42.9M | 0 | 187.4M | 0 | 507K | 2.9M | 0 | 266.8M |
| Net change in cash | 30.8M | -20.2M | 151.9M | -97.5M | -41.6M | -7.9M | -4.9M | 232.4M |
| Free cash flow | -13.7M | -19.3M | -38.2M | -52.5M | -43.1M | -36.9M | -18.6M | -6.7M |
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 | Q1 23 | Q2 23 | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -13M | -10.7M | -8.1M | -6.5M | -5.5M | -5.3M | -3.9M | -6.7M | -2.5M | -3.4M | -3.1M | -200.7M |
| Depreciation & amortization | 139K | 95K | 367K | 229K | 98K | 77K | 60K | -54K | 8K | 9K | 10K | 7K |
| Stock-based compensation | 1.4M | 1.4M | 1.5M | 1.1M | 1.4M | 891K | 681K | 308K | 179K | 172K | 164K | 483K |
| Change in working capital | -160K | 1.9M | -1.2M | -1.7M | -711K | -1.3M | -395K | 1.9M | -177K | 175K | -535K | 17.9M |
| Operating cash flow | -11.6M | -7.3M | -7.5M | -6.9M | -4.7M | -5.7M | -3.5M | -2.7M | -2.5M | -3.1M | -3.5M | -8M |
| Capital expenditure | 0 | 0 | 0 | 83K | — | — | — | — | — | — | — | — |
| Investing cash flow | 1.4M | 3.1M | 8.3M | 9.6M | 5.7M | 6M | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 23K | 2.7M | 171K | 0 | 0 | 0 | 0 | 0 | — | — | — | — |
| Net change in cash | -10.2M | -1.5M | 992K | 2.7M | 923K | 342K | -3.5M | -2.7M | -2.5M | -3.1M | -3.5M | -8M |
| Free cash flow | -9.1M | -7.8M | -8.5M | -11.5M | -5.9M | -4.1M | -3.7M | -4.9M | -2.4M | -2.2M | -2.6M | 566K |