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 | -$0.2 | -$0.21 | -5.0% | — | $0 | — |
| Q1 26 | -$0.2 | -$0.2 | 0.0% | — | $0 | — |
| Q4 25 | -$0.22 | -$0.24 | -9.1% | — | $8K | — |
| Q3 25 | -$0.21 | -$0.21 | 0.0% | — | $0 | — |
| Q2 25 | -$0.22 | -$0.2 | +9.1% | — | $0 | — |
| Q1 25 | -$0.24 | -$0.21 | +12.5% | — | $0 | — |
| Q4 24 | -$0.18 | -$0.26 | -44.4% | — | $0 | — |
| Q3 24 | -$0.19 | -$0.19 | 0.0% | — | $0 | — |
| Q2 24 | -$0.21 | -$0.22 | -4.8% | — | $0 | — |
| Q1 24 | -$0.21 | -$0.29 | -38.1% | — | $8K | — |
| Q4 23 | -$0.18 | -$0.25 | -38.9% | — | $0 | — |
| Q3 23 | -$0.18 | -$0.2 | -11.1% | — | $0 | — |
| Q2 23 | -$0.15 | -$0.23 | -53.3% | — | $0 | — |
| Q1 23 | -$0.16 | -$0.53 | -231.3% | — | $170K | — |
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 | — | -$0.86 | — | — | $8K | — |
| FY24 | — | -$0.95 | — | — | $8K | — |
| FY23 | — | -$1.16 | — | — | $170K | — |
| FY22 | — | -$0.22 | — | — | $11.1M | — |
| FY21 | — | -$0.69 | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $11.1M | $170K | $8K | $8K |
| YoY change | — | 0% | +InfinityT% | -98.5% | -95.3% | 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 | Q3 24 | Q4 24 |
|---|
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 11.1M | 170K | 8K | 8K |
| Cost of revenue | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — |
| Research & development | 6.2M | 6.3M | 9.1M | 12.8M | 19M | 19.9M |
| Selling, general & administrative | 6.2M | 8.3M | 5M | 11.6M | 12.7M | 13.4M |
| Operating expenses | 12.4M | 14.6M | 14.1M | 24.3M | 31.7M | 33.2M |
| Operating income | -12.4M | -14.6M | -3M | -24.2M | -31.7M | -33.2M |
| Operating margin | — | — | -27.2% | -14.2K% | -396.2K% | -415.2K% |
| Non-operating income, net | — | 50K | 314K | -402K | 370K | — |
| Pretax income | -13.6M | -16.4M | -4.1M | -28.3M | -29.9M | -32.1M |
| Income tax | — | 0 | 1.1M | 0 | — | — |
| Net income | -13.6M | -16.4M | -5.2M | -28.3M | -29.9M | -32.1M |
| Net margin | — | — | -47% | -16.6K% | -373.4K% | -401.8K% |
| EBITDA | -11.8M | -14.1M | -2M | -26.1M | -29.3M | -32.6M |
| EPS | -0.58 | -0.69 | -0.22 | -1.16 | -0.95 | -0.86 |
| Diluted EPS | -0.58 | -0.69 | -0.22 | -1.16 | -0.95 | -0.86 |
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 | 8K | 0 | 0 | 0 | 0 | 0 | 0 | 8K | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Research & development | 2.8M | 4.2M | 4M | 4.4M | 4.1M | 6.5M | 4.7M | 4.8M | 4.7M | 5.7M | 5.8M | 6.5M |
| Selling, general & administrative | 2.5M | 2.8M | 4.1M | 2.5M | 2.9M | 3.2M | 3.1M | 3M | 3.5M | 3.8M | 3.4M | 3.1M |
| Operating expenses | 5.3M | 7M | 8.1M | 6.9M | 6.9M | 9.7M | 7.8M | 7.8M | 8.2M | 9.4M | 9.2M | 9.6M |
| Operating income | -5.3M | -7M | -8.1M | -6.9M | -6.9M | -9.7M | -7.8M | -7.8M | -8.2M | -9.4M | -9.2M | -9.6M |
| Operating margin | — | — | -101.4K% | — | — | — | — | — | — | -117.7K% | — | — |
| Non-operating income, net | — | 0 | — | — | — | — | — | — | — | — | — | — |
| Pretax income | -5.3M | -6.8M | -7.8M | -6.6M | -6.5M | -9M | -7.5M | -7.5M | -8M | -9.2M | -8.9M | -9.5M |
| Income tax | 0 | 0 | — | — | — | — | — | — | — | — | — | — |
| Net income | -5.3M | -6.8M | -7.8M | -6.6M | -6.5M | -9M | -7.5M | -7.5M | -8M | -9.2M | -8.9M | -9.5M |
| Net margin | — | — | -98.1K% | — | — | — | — | — | — | -115.6K% | — | — |
| EBITDA | -5.1M | -6.6M | -7.6M | -6.4M | -6.2M | -9.1M | -7.7M | -7.6M | -8.1M | -9.3M | -9.1M | -9.6M |
| EPS | -0.2 | — | -0.29 | -0.22 | -0.19 | — | -0.21 | -0.2 | -0.21 | — | -0.2 | -0.21 |
| Diluted EPS | -0.2 | — | -0.29 | -0.22 | -0.19 | — | -0.21 | -0.2 | -0.21 | — | -0.2 | -0.21 |
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 | — | — | — | — | 342.3M | — | — | 111.8M |
| Enterprise value | — | — | — | — | 321.6M | — | — | 94.9M |
| Shares outstanding | — | 23.6M | 23.6M | 23.6M | 24.4M | 31.5M | 37.2M | 37.2M |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | -2.87 |
| P/S | — | — | — | — | 2K | — | — | 14K |
| P/B | — | — | — | — | 17.6 | — | — | 6.87 |
| EV/EBITDA | — | — | — | — | -12.3 | — | — | -2.62 |
| EV/Sales | — | — | — | — | 1.9K | — | — | 11.9K |
| Earnings yield | — | — | — | — | — | — | — | -34.8% |
| FCF yield | — | — | — | — | -6.22% | — | — | -13.6% |
| PEG | — | — | — | — | — | — | — | -0.57 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | -27.2% | -14.2K% | -396.2K% | -415.2K% | -455.3K% |
| Net margin | — | — | — | -47% | -16.6K% | -373.4K% | -401.8K% | 0% |
| ROE | — | 60.2% | 49.5% | 14.6% | -145.3% | -113.7% | -278.5% | -177.9% |
| ROA | — | -97.4% | -201.6% | -94.1% | -101.4% | -86% | -168.9% | -77.9% |
| ROIC | — | — | 118.9% | 30.7% | 2K% | — | — | — |
| Return on tangible assets | — | -97.4% | -201.6% | -94.1% | -101.4% | -86% | -168.9% | -135.8% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Current ratio | — | 0.79 | 0.26 | 0.06 | 3.69 | 4.57 | 2.43 | 2.39 |
| Quick ratio | — | 0.79 | 0.26 | 0.06 | 3.69 | 4.57 | 2.43 | 2.39 |
| Debt / equity | — | -1.15 | -0.76 | -0.74 | 0.13 | 0.07 | 0.15 | 0.15 |
| Debt / assets | — | 1.86 | 3.11 | 4.76 | 0.09 | 0.05 | 0.09 | 0.09 |
| Net debt / EBITDA | — | -1.25 | -1.47 | -12.7 | 0.79 | 0.99 | 0.4 | 0.45 |
| Interest coverage | — | -10.2 | -10.6 | -1.92 | -33.4 | — | — | — |
| Effective tax rate | — | — | 0% | 0% | 0% | — | — | — |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Revenue per share | — | 0 | 0 | 0.47 | 0.01 | 0 | 0 | 0 |
| EPS (basic) | — | -0.58 | -0.69 | -0.22 | -1.16 | -0.95 | -0.86 | -0.86 |
| EPS (diluted) | — | -0.58 | -0.69 | -0.22 | -1.16 | -0.95 | -0.86 | -0.86 |
| Book value per share | — | -0.96 | -1.4 | -1.51 | 0.8 | 0.84 | 0.31 | 0.36 |
| FCF per share | — | -0.31 | -0.28 | -0.15 | -0.87 | -0.69 | -0.71 | -0.64 |
| Cash per share | — | 0.48 | 0.19 | 0.02 | 0.95 | 0.98 | 0.39 | 0.42 |
| Capex per share | — | 0 | 0 | 0 | 0.04 | 0.01 | — | — |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Capex / revenue | — | — | — | 0.44% | 602.9% | 4.8K% | — | — |
| Capex / operating cash flow | — | -0.27% | 0% | -1.14% | -4.35% | -1.93% | — | — |
| Payout ratio | — | — | — | — | — | — | — | 0% |
| — |
| $0 |
| — |
| FY20 | — | -$0.58 | — | — | $0 | — |
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $0 | $0 | $8K | $0 | $0 | $0 | $0 | $0 | $0 | $8K | $0 | $0 |
| YoY change | -100% | -100% | -95.3% | 0% | 0% | 0% | -100% | 0% | 0% | +InfinityT% | 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 | 222.6K | 11.3M | 4.5M | 397K | 23.2M | 30.9M | 14.6M |
| Receivables | 3.8M | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — |
| Total current assets | 447.2K | 11.5M | 5.8M | 1.9M | 24.2M | 31.5M | 15.1M |
| Property, plant & equipment | 94.7K | 2.5M | 2.2M | 2M | 3.6M | 3.1M | 3.8M |
| Goodwill & intangibles | — | — | — | — | — | — | — |
| Total assets | 7.7M | 14M | 8.1M | 5.5M | 27.9M | 34.7M | 19M |
| Accounts payable | 1.8M | 3.7M | 4.5M | 6.8M | 3.8M | 5.6M | 4.4M |
| Short-term debt | 1.2M | 3.9M | 6.6M | 16.7M | 653K | 329K | 427K |
| Total current liabilities | 4M | 14.5M | 22.5M | 31.6M | 6.6M | 6.9M | 6.2M |
| Long-term debt | 689.7K | 22.2M | 18.8M | 9.7M | 1.9M | 1.5M | 1.3M |
| Total liabilities | 4.7M | 36.7M | 41.2M | 41.3M | 8.4M | 8.4M | 7.5M |
| Shareholders' equity | -3M | -22.7M | -33.1M | -35.8M | 19.5M | 26.3M | 11.5M |
| Total debt | 1.9M | 26.1M | 25.3M | 26.4M | 2.5M | 1.9M | 1.7M |
| Net debt | 1.7M | 14.7M | 20.8M | 26M | -6.9M | -6.7M | -3.6M |
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 | 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 | 29.9M | 23.2M | 19.6M | 33.6M | 34.1M | 30.9M | 35.1M | 28M | 19.9M | 14.6M | 26.2M | 18.7M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 31.2M | 24.2M | 21.2M | 34.9M | 36M | 31.5M | 35.9M | 29.2M | 21.6M | 15.1M | 26.8M | 19.1M |
| Property, plant & equipment | 2.8M | 3.6M | 3.4M | 3.4M | 3.2M | 3.1M | 3M | 2.9M | 3.3M | 3.8M | 5.5M | 6.9M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 34.1M | 27.9M | 24.7M | 45.2M | 40.3M | 34.7M | 39M | 32.2M | 25M | 19M | 32.4M | 26.2M |
| Accounts payable | 4M | 3.8M | 5.3M | 4.8M | 4.5M | 5.6M | 6.7M | 6M | 4M | 4.4M | — | — |
| Short-term debt | 607K | 653K | 584K | 500K | 415K | 329K | 337K | 345K | 354K | 427K | 316K | 326K |
| Total current liabilities | 8.8M | 6.6M | 7.8M | 5.8M | 5.6M | 6.9M | 7.7M | 7M | 5.1M | 6.2M | 7.3M | 8M |
| Long-term debt | 1.3M | 1.9M | 1.8M | 1.7M | 1.6M | 1.5M | 1.4M | 1.4M | 1.3M | 1.3M | 2.2M | 2.1M |
| Total liabilities | 10M | 8.4M | 9.6M | 7.5M | 7.2M | 8.4M | 9.1M | 8.3M | 6.4M | 7.5M | 9.5M | 10.1M |
| Shareholders' equity | 24M | 19.5M | 15.1M | 37.7M | 33.1M | 26.3M | 29.8M | 23.9M | 18.6M | 11.5M | 22.9M | 16.1M |
| Total debt | 1.9M | 2.5M | 2.4M | 2.2M | 2M | 1.9M | 1.8M | 1.7M | 1.6M | 1.7M | 2.5M | 2.4M |
| Net debt | -28M | -6.9M | -1.7M | -5.7M | -4.1M | -6.7M | -14.4M | -4.8M | -2.1M | -3.6M | -6.8M | -6.8M |
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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Net income | -13.6M | -16.4M | -5.2M | -28.3M | -29.9M | -32.1M |
| Depreciation & amortization | 658K | 895K | 968K | 1M | 903K | 574K |
| Stock-based compensation | 5.3M | 4.3M | 2.4M | 5.2M | 6.1M | 6.7M |
| Change in working capital | 221K | 5M | -2.4M | -3.1M | 1.5M | -1.6M |
| Operating cash flow | -7.4M | -6M | -4.3M | -23.5M | -19.7M | -25.3M |
| Capital expenditure | -20K | 0 | -49K | -1M | -381K | — |
| Investing cash flow | -20K | 0 | -49K | -14.7M | -8.1M | 13.2M |
| Dividends paid | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — |
| Financing cash flow | 18.1M | -415K | 502K | 38.9M | 27.8M | 9.7M |
| Net change in cash | 10.8M | -6.5M | -3.8M | 611K | -30K | -2.4M |
| Free cash flow | -7.2M | -6.6M | -3.6M | -21.3M | -21.6M | -26.4M |
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 | -5.3M | -6.8M | -7.8M | -6.6M | -6.5M | -9M | -7.5M | -7.5M | -8M | -9.2M | -8.9M | -9.5M |
| Depreciation & amortization | 272K | 201K | 248K | 204K | 224K | 227K | 139K | 143K | 144K | 148K | 98K | 92K |
| Stock-based compensation | 540K | 1.6M | 1.8M | 1.3M | 1.5M | 1.4M | 1.4M | 1.3M | 2.3M | 1.6M | 1.5M | 1.5M |
| Change in working capital | -641K | -317K | 1.4M | -691K | -830K | 1.6M | 1M | -745K | -2.1M | 281K | 1.6M | 749K |
| Operating cash flow | -5M | -5.2M | -3.4M | -5.6M | -5.3M | -5.3M | -4.8M | -7.1M | -6.6M | -6.2M | -6.1M | -6.4M |
| Capital expenditure | -277K | -243K | -30K | -228K | -27K | -96K | -30K | — | — | — | — | — |
| Investing cash flow | -277K | -243K | -1.7M | -17.1M | 4M | 6.7M | 3.5M | -2.5M | 5.2M | 7M | -7.6M | 7.5M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 3.5M | 0 | 0 | 27.7M | 0 | 91K | 9.6M | 52K | 0 | 52K | 18.5M | 387K |
| Net change in cash | -1.9M | -5.4M | -5.1M | 4.9M | -1.3M | 1.4M | 8.3M | -9.5M | -1.3M | 853K | 4.8M | 1.4M |
| Free cash flow | -3.6M | -7.2M | -4.4M | -7.1M | -5.8M | -4.4M | -5.5M | -7.2M | -7.1M | -6.6M | -7M | -8M |