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 21 | -$0.5 | -$0.41 | +18.0% | — | $0 | — |
| Q3 21 | -$0.47 | -$0.43 | +8.5% | — | — | — |
| Q2 21 | -$0.4 | -$0.38 | +5.0% | — | — | — |
| Q1 21 | -$0.36 | -$0.59 | -63.9% | — | — | — |
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 % |
|---|---|---|---|---|---|---|
| FY21 | — | -$4.49 | — | — | $0 | — |
| FY20 | — | -$27 | — | — | $0 | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY20 | FY21 |
|---|---|---|
| Revenue | $0 | $0 |
| YoY change | — | 0% |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | Q4 21 | Q1 22 | Q2 22 | Q3 22 |
|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 |
| YoY change | — | — | — | — |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY20 | FY21 |
|---|---|---|
| Revenue | 0 | 0 |
| Cost of revenue | — | — |
| Gross profit | — | — |
| Gross margin | — | — |
| Research & development | 28.2M | 48.7M |
| Selling, general & administrative | 5.9M | 20.3M |
| Operating expenses | 34M | 69M |
| Operating income | -34M | -69M |
| Operating margin | — | — |
| Non-operating income, net | -8K | -724K |
| Pretax income | -40.8M | -71.9M |
| Income tax | — | — |
| Net income | -40.8M | -71.9M |
| Net margin | — | — |
| EBITDA | -33.7M | -69.5M |
| EPS | -27 | -4.49 |
| Diluted EPS | -27 | -4.49 |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | Q4 21 | Q1 22 | Q2 22 | Q3 22 |
|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — |
| Gross profit | — | — | — | — |
| Gross margin | — | — | — | — |
| Research & development | 12.6M | 9.8M | 2.6M | 438K |
| Selling, general & administrative | 5.1M | 5.4M | 4.7M | 3.3M |
| Operating expenses | 17.7M | 15.2M | 7.2M | 3.7M |
| Operating income | -17.7M | -15.2M | -7.2M | -3.7M |
| Operating margin | — | — | — | — |
| Non-operating income, net | 0 | 3K | 43K | 2K |
| Pretax income | -17.8M | -15.2M | -7.1M | -3.3M |
| Income tax | — | — | — | — |
| Net income | -17.8M | -15.2M | -7.1M | -3.3M |
| Net margin | — | — | — | — |
| EBITDA | -17.7M | -15.2M | -7M | -3.2M |
| EPS | — | -3.5 | -1.6 | -0.8 |
| Diluted EPS | — | -3.5 | -1.6 | -0.8 |
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 | FY20 | FY21 |
|---|---|---|
| Cash & short-term investments | 1.2M | 136.6M |
| Receivables | — | — |
| Inventory | — | — |
| Total current assets | 1.3M | 140.1M |
| Property, plant & equipment | — | 1.6M |
| Goodwill & intangibles | — | — |
| Total assets | 122.1M | 140.4M |
| Accounts payable | 4.7K | 3M |
| Short-term debt | — | 5M |
| Total current liabilities | 4.7K | 14.4M |
| Long-term debt | — | 404K |
| Total liabilities | 4.7K | 15.2M |
| Shareholders' equity | 111.5M | -184.7M |
| Total debt | — | 5.4M |
| Net debt | — | -131.2M |
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 | Q4 21 | Q1 22 | Q2 22 | Q3 22 |
|---|---|---|---|---|
| Cash & short-term investments | 136.6M | 119.1M | 108.7M | 101.7M |
| Receivables | — | — | — | — |
| Inventory | — | — | — | — |
| Total current assets | 140.1M | 124.1M | 113.1M | 104.7M |
| Property, plant & equipment | 0 | — | — | — |
| Goodwill & intangibles | — | — | — | — |
| Total assets | 140.4M | 124.3M | 113.3M | 106M |
| Accounts payable | 3M | 5.1M | 1.6M | 1.1M |
| Short-term debt | 5M | 4.2M | 2.9M | — |
| Total current liabilities | 8M | 9.3M | 4.5M | 1.1M |
| Long-term debt | 404K | — | — | — |
| Total liabilities | 8.7M | 9.3M | 4.5M | 1.1M |
| Shareholders' equity | -184.7M | -199.9M | -207M | -210.3M |
| Total debt | 5.4M | 4.2M | 2.9M | — |
| Net debt | -131.2M | -114.9M | -105.7M | — |
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 | FY20 | FY21 | Current |
|---|---|---|---|
| Market cap | 166.3M | — | 0 |
| Enterprise value | 165.1M | — | -131.2M |
| Shares outstanding | 1.5M | 8M | 8M |
| Metric | FY20 | FY21 | Current |
|---|---|---|---|
| P/E | — | — | -14.5 |
| P/B | 1.49 | — | 2.68 |
| EV/EBITDA | -4.9 | — | 1.89 |
| Earnings yield | — | — | -6.92% |
| FCF yield | -19.7% | — | — |
| Metric | FY20 | FY21 | Current |
|---|---|---|---|
| ROE | -36.6% | 38.9% | 38.9% |
| ROA | -33.4% | -51.2% | -51.2% |
| Return on tangible assets | -33.4% | -51.2% | -41% |
| Metric | FY20 | FY21 | Current |
|---|---|---|---|
| Current ratio | 287.6 | 9.73 | 91.9 |
| Quick ratio | 287.6 | 9.73 | 91.9 |
| Debt / equity | — | -0.03 | 0 |
| Debt / assets | — | 0.04 | 0.04 |
| Net debt / EBITDA | — | 1.89 | 1.89 |
| Interest coverage | -4.98 | -32.3 | -179.9 |
| Metric | FY20 | FY21 | Current |
|---|---|---|---|
| Revenue per share | 0 | 0 | 0 |
| EPS (basic) | -27 | -4.49 | -4.49 |
| EPS (diluted) | -27 | -4.49 | -4.49 |
| Book value per share | 73.7 | -23 | -48.6 |
| FCF per share | -21.7 | -7.46 | -9.83 |
| Cash per share | 0.8 | 17 | 23.5 |
| Capex per share | 0.01 | 0.04 | 0.04 |
| Metric | FY20 | FY21 | Current |
|---|---|---|---|
| Capex / operating cash flow | -0.06% | -0.59% | -0.59% |
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 | FY20 | FY21 |
|---|---|---|
| Net income | -40.8M | -71.9M |
| Depreciation & amortization | 322K | 231K |
| Stock-based compensation | 983K | 7.8M |
| Change in working capital | -3.7M | 2.5M |
| Operating cash flow | -36.8M | -58.7M |
| Capital expenditure | -22K | 344K |
| Investing cash flow | -22K | 344K |
| Dividends paid | — | — |
| Share repurchases | — | — |
| Financing cash flow | 34.1M | 191.3M |
| Net change in cash | -2.7M | 132.9M |
| Free cash flow | -32.7M | -59.8M |
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 | Q4 21 | Q1 22 | Q2 22 | Q3 22 |
|---|---|---|---|---|
| Net income | -17.8M | -15.2M | -7.1M | -3.3M |
| Depreciation & amortization | 46K | 0 | 0 | 0 |
| Stock-based compensation | 1.7M | 2M | 2.4M | 941K |
| Change in working capital | 2M | 2.2M | -3.5M | -472K |
| Operating cash flow | -14.1M | -11M | -8.2M | -2.8M |
| Capital expenditure | 405K | — | — | — |
| Investing cash flow | 405K | — | — | — |
| Dividends paid | — | — | — | — |
| Share repurchases | — | — | — | — |
| Financing cash flow | -1.3M | -1.3M | -1.3M | -2.9M |
| Net change in cash | -14.9M | -12.3M | -9.4M | -5.7M |
| Free cash flow | -12.7M | -16.3M | -9.5M | -4M |