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 % |
|---|---|---|---|---|---|---|
| Q1 27 | -$0.18 | -$0.18 | 0.0% | — | $0 | — |
| Q3 26 | -$0.39 | -$0.19 | +51.3% | — | $0 | — |
| Q2 26 | -$0.34 | -$0.08 | +76.5% | — | $0 | — |
| Q1 26 | -$0.31 | -$0.29 | +6.5% | — | $0 | — |
| Q4 25 | -$0.4 | $0.14 | +135.0% | — | $0 | — |
| Q3 25 | -$0.46 | -$0.51 | -10.9% | — | $0 | — |
| Q2 25 | -$0.5 | -$0.42 | +16.0% | — | $0 | — |
| Q1 25 | -$0.36 | -$0.33 | +8.3% | — | $0 | — |
| Q4 24 | -$0.47 | -$0.36 | +23.4% | — | $0 | — |
| Q3 24 | -$0.31 | -$0.28 | +9.7% | — | $0 | — |
| Q2 24 | -$0.35 | -$0.31 | +11.4% | — | $0 | — |
| Q1 24 | -$0.37 | -$0.48 | -29.7% | — | $0 | — |
| Q4 23 | -$1.13 | -$0.3 | +73.5% | — | $0 | — |
| Q3 23 | -$1.01 | -$0.72 | +28.7% | — | $0 | — |
| Q4 22 | -$1 | -$0.31 | +69.0% | — | $0 | — |
| Q3 22 | -$0.62 | -$0.69 | -11.3% | — | $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 % |
|---|---|---|---|---|---|---|
| FY26 | — | -$0.47 | — | — | $0 | — |
| FY25 | — | -$0.79 | — | — | $0 | — |
| FY24 | — | -$1.73 | — | — | $0 | — |
| FY23 | — | -$5.71 | — | — | $0 | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | $0 | $0 | $0 | $196K | $0 | $0 | $0 | $0 | $0 |
| YoY change | — | — | 0% | 0% | +InfinityT% | -100% | 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 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | 0 | 0 | 0 | 196K | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | 0 | 76K | 0 | — | — | — | — |
| Gross profit | — | — | — | 0 | 120K | 0 | — | — | — | — |
| Gross margin | — | — | — | — | 61.2% | — | — | — | — | — |
| Research & development | — | 8.5M | 20.6M | 16M | 4.2M | 5.6M | 10M | 4.7M | 9.5M | 2.4M |
| Selling, general & administrative | — | 2.2M | 3M | 8.5M | 6.7M | 9.8M | 8.2M | 6.6M | 7.2M | 8.7M |
| Operating expenses | — | 10.7M | 23.6M | 24.4M | 10.8M | 15.3M | 18.2M | 11.3M | 16.7M | 11.1M |
| Operating income | — | -10.7M | -23.6M | -24.4M | -10.7M | -15.3M | -18.2M | -11.4M | -16.7M | -11.1M |
| Operating margin | — | — | — | — | -5.5K% | — | — | — | — | — |
| Non-operating income, net | — | -204.5K | -3.7M | -1.1M | -8.8M | 4.8M | -34M | -4.2M | 3.2M | 899K |
| Pretax income | — | -11.7M | -27.6M | -25.5M | -19.7M | -10.5M | -52M | -14.7M | -12.8M | -9.5M |
| Income tax | — | 0 | 0 | — | 0 | -648K | -9.5M | -1.8M | -3.2M | -1.7M |
| Net income | — | -11.7M | -27.6M | -25.5M | -19.7M | -9.8M | -42.4M | -12.9M | -9.6M | -7.8M |
| Net margin | — | — | — | — | -10K% | — | — | — | — | — |
| EBITDA | — | -9.8M | -22.1M | -21.8M | -987K | -20M | 15.8M | -7.1M | -19.9M | -12M |
| EPS | 0 | -45.7 | -35 | -14.4 | -7.98 | -1.62 | -5.71 | -1.73 | -0.79 | -0.47 |
| Diluted EPS | 0 | -45.7 | -35 | -14.4 | -7.98 | -1.62 | -5.71 | -1.73 | -0.79 | -0.47 |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 | Q3 26 | Q4 26 | Q1 27 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Research & development | 460K | 1.4M | 1.7M | 2.7M | 3M | 2.2M | 1.6M | 955K | 568K | 462K | 420K | 697K |
| Selling, general & administrative | 1.6M | 1.6M | 1.5M | 2.3M | 1.9M | 1.5M | 1.5M | 2.1M | 2M | 2M | 2.6M | 1.7M |
| Operating expenses | 2.1M | 3M | 3.2M | 5M | 4.8M | 3.7M | 3.2M | 3.1M | 2.5M | 2.4M | 3M | 2.4M |
| Operating income | -2.1M | -3M | -3.3M | -5M | -4.8M | -3.7M | -3.2M | -3.1M | -2.5M | -2.4M | -3M | -2.4M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | -1.8M | 128K | -1M | 1.4M | 375K | -1.2M | 2.6M | -477K | 1.4M | -36K | -6K | -13.5M |
| Pretax income | -3.7M | -2.6M | -4.1M | -3.3M | -4.3M | -4.8M | -382K | -3.4M | -938K | -2.3M | -2.9M | -15.8M |
| Income tax | -446K | -208K | -889K | -724K | -852K | -605K | -1M | 0 | 0 | 0 | -1.7M | 0 |
| Net income | -3.3M | -2.4M | -3.2M | -2.6M | -3.4M | -4.2M | 636K | -3.4M | -938K | -2.3M | -1.2M | -15.8M |
| Net margin | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -251K | -3.2M | -2.2M | -6.3M | -5.2M | -2.5M | -5.8M | -2.6M | -3.9M | -2.4M | -3M | 11.2M |
| EPS | -0.43 | -0.21 | — | -0.24 | -0.3 | -0.36 | — | -0.21 | -0.06 | -0.14 | — | -0.91 |
| Diluted EPS | -0.43 | -0.21 | — | -0.24 | -0.3 | -0.36 | — | -0.21 | -0.06 | -0.14 | — | -0.91 |
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 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market cap | — | 17.8M | — | — | — | — | — | 25.5M | — | — | 44.6M |
| Enterprise value | — | 14.2M | — | — | — | — | — | 2.5M | — | — | 30.8M |
| Shares outstanding | — | 364.3K | 1.1M | 1.8M | 2.5M | 6.1M | 7.4M | 7.4M | 12.1M | 16.5M | 16.5M |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | — | — | — | -4.52 |
| P/B | — | 3.99 | — | — | — | — | — | 0.41 | — | — | 0.72 |
| EV/EBITDA | — | -1.45 | — | — | — | — | — | -0.35 | — | — | -2.98 |
| Earnings yield | — | — | — | — | — | — | — | — | — | — | -22.1% |
| FCF yield | — | -39.6% | — | — | — | — | — | -48.4% | — | — | -15.7% |
| PEG | — | — | — | — | — | — | — | — | — | — | -0.01 |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin | — | — | — | — | 61.2% | — | — | — | — | — | — |
| Operating margin | — | — | — | — | -5.5K% | — | — | — | — | — | 0% |
| Net margin | — | — | — | — | -10K% | — | — | — | — | — | 0% |
| ROE | — | -261.5% | -356.4% | -196.3% | -35.4% | -9.07% | -62.4% | -20.8% | -14.4% | -12.2% | -36.2% |
| ROA | — | -93.7% | -106.7% | -111.6% | -31.5% | -7.63% | -53.6% | -17.5% | -13.3% | -11.7% | -10.8% |
| ROIC | — | -1.2K% | 252.1% | — | 215% | -23.6% | -45% | -29.3% | -37.5% | -23.6% | -30.1% |
| Return on tangible assets | — | -760.1% | -163.2% | -177.6% | -31.5% | 26.6% | 218.6% | 50.9% | 36.1% | 24.4% | 94.5% |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | — | 1.42 | 2.05 | 2.5 | 39.5 | 13.9 | 8.59 | 14.3 | 11.8 | 8.1 | 11.5 |
| Quick ratio | — | 1.42 | 2.05 | 2.5 | 39.5 | 13.9 | 8.59 | 14.3 | 11.8 | 8.1 | 11.5 |
| Debt / equity | — | 0.2 | 0.12 | 0.01 | 0 | 0 | 0.01 | 0 | — | — | 0 |
| Debt / assets | — | 0.07 | 0.04 | 0.01 | 0 | 0 | 0.01 | 0 | — | — | — |
| Net debt / EBITDA | — | 0.37 | 0.78 | 0.65 | 61.4 | 2.17 | -1.73 | 3.24 | — | — | 1.33 |
| Interest coverage | — | -57.8 | -140.6 | -102.3 | — | — | — | — | — | — | — |
| Effective tax rate | — | 0% | 0% | — | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | — | 0 | 0 | 0 | 0.08 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (basic) | 0 | -45.7 | -35 | -14.4 | -7.98 | -1.62 | -5.71 | -1.73 | -0.79 | -0.47 | -0.47 |
| EPS (diluted) | 0 | -45.7 | -35 | -14.4 | -7.98 | -1.62 | -5.71 | -1.73 | -0.79 | -0.47 | -1.17 |
| Book value per share | — | 12.3 | 6.86 | 7.37 | 22.5 | 17.6 | 9.14 | 8.3 | 5.51 | 3.87 | 2.96 |
| FCF per share | — | -19.4 | -15.7 | -13.2 | -5.82 | -2.81 | -2.14 | -1.66 | -1.23 | -0.54 | -0.6 |
| Cash per share | — | 12.3 | 16 | 8.08 | 24.6 | 7.11 | 3.75 | 3.09 | 1.83 | 1.03 | 0.65 |
| Capex per share | — | 0.68 | 0.33 | 0.18 | 0.03 | 0 | 0 | 0.01 | 0 | — | — |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Capex / revenue | — | — | — | — | 35.2% | — | — | — | — | — | — |
| Capex / operating cash flow | — | -2.63% | -1.45% | -1.54% | -0.4% | 0% | -0.03% | -0.65% | 0% | — | — |
| Payout ratio | — | 0% | 0% | — | — | — | — | — | — | — | 0% |
| Dividend yield | — | 0% | — | — | — | — | — | — | — | — | — |
| FY22 | — | -$1.62 | — | — | $0 | — |
| FY21 | — | -$7.98 | — | — | $196K | — |
| FY20 | — | -$14.4 | — | — | $0 | — |
| FY19 | — | -$35 | — | — | $0 | — |
| FY18 | — | -$45.7 | — | — | $0 | — |
| FY17 | — | $0 | — | — | — | — |
| Period | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 | Q3 26 | Q4 26 | Q1 27 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 5.4M | 4.5M | 18.1M | 14.2M | 60.7M | 43.7M | 27.9M | 23M | 22.1M | 17M |
| Receivables | 0 | — | — | — | — | — | — | — | — | 20K |
| Inventory | 0 | — | — | — | — | — | — | — | — | — |
| Total current assets | 5.9M | 5.2M | 19.6M | 18.5M | 62.4M | 45.3M | 29.3M | 24M | 22.7M | 17.4M |
| Property, plant & equipment | 222.6K | 2.3M | 2.4M | 2.1M | 86K | 565K | 567K | 24K | 15K | 8K |
| Goodwill & intangibles | 15.4M | 10.9M | 9M | 8.5M | 0 | 165.5M | 98.5M | 98.5M | 98.5M | 98.5M |
| Total assets | 14.8M | 12.5M | 25.9M | 22.9M | 62.5M | 128.6M | 79.1M | 73.3M | 72M | 66.7M |
| Accounts payable | 194.3K | 1.9M | 2.1M | 1.7M | 115K | 1.7M | 1.2M | 1M | 601K | 702K |
| Short-term debt | — | — | 955.8K | 76K | 86K | 104K | 75K | — | — | — |
| Total current liabilities | 591.3K | 3.6M | 9.6M | 7.4M | 1.6M | 3.3M | 3.4M | 1.7M | 1.9M | 2.1M |
| Long-term debt | — | 876.6K | 0 | 71K | 0 | 191K | 410K | 0 | — | — |
| Total liabilities | 672.2K | 8M | 18.2M | 9.9M | 6.8M | 20.4M | 11.2M | 11.6M | 5.4M | 2.8M |
| Shareholders' equity | 14.1M | 4.5M | 7.8M | 13M | 55.7M | 108.3M | 68M | 61.7M | 66.6M | 63.9M |
| Total debt | — | 876.6K | 955.8K | 147K | 86K | 295K | 485K | 0 | — | — |
| Net debt | — | -3.6M | -10.9M | -14.1M | -50.9M | -30M | -27.4M | -23M | — | — |
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 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 | Q3 26 | Q4 26 | Q1 27 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 27M | 25.1M | 23M | 19.4M | 15.2M | 11.1M | 22.1M | 20M | 16.9M | 18.7M | 17M | 13.8M |
| Receivables | — | — | — | — | — | — | — | — | 20K | 20K | 20K | 20K |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 28.9M | 26.9M | 24M | 20.4M | 16.1M | 11.9M | 22.7M | 20.5M | 17.3M | 19.2M | 17.4M | 14.3M |
| Property, plant & equipment | 57K | 35K | 24K | 23K | 21K | 19K | 15K | 14K | 12K | 11K | 8K | 7K |
| Goodwill & intangibles | 98.5M | 98.5M | 98.5M | 98.5M | 98.5M | 98.5M | 98.5M | 98.5M | 98.5M | 98.5M | 98.5M | 71.5M |
| Total assets | 78.2M | 76.2M | 73.3M | 69.7M | 65.3M | 61.2M | 72M | 69.8M | 66.6M | 68.5M | 66.7M | 50.1M |
| Accounts payable | 685K | 913K | 1M | 1.5M | 1.7M | 665K | 601K | 1.3M | 459K | 114K | 702K | 408K |
| Short-term debt | 46K | 24K | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | 1.4M | 1.8M | 1.7M | 2.6M | 2.7M | 2M | 1.9M | 2.3M | 1.2M | 1.3M | 2.1M | 1.3M |
| Long-term debt | 0 | 0 | 0 | — | — | — | — | — | — | — | — | — |
| Total liabilities | 11.5M | 11.5M | 11.6M | 10.4M | 9.2M | 9.1M | 5.4M | 6.3M | 3.8M | 3.6M | 2.8M | 1.9M |
| Shareholders' equity | 66.7M | 64.7M | 61.7M | 59.4M | 56.1M | 52.1M | 66.6M | 63.5M | 62.8M | 64.9M | 63.9M | 48.2M |
| Total debt | 46K | 24K | 0 | — | — | — | — | — | — | — | — | — |
| Net debt | -26.9M | -18.5M | -23M | — | — | — | — | — | — | — | — | — |
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 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -3.3M | -11.7M | -27.6M | -25.5M | -19.7M | -9.8M | -42.4M | -12.9M | -9.6M | -7.8M |
| Depreciation & amortization | 1.2M | 1.5M | 1.6M | 2.3M | 924K | 0 | 124K | 11K | 7K | 7K |
| Stock-based compensation | 160.1K | 505.2K | 545.7K | 2M | 1.2M | 1.3M | 1.8M | 913K | 730K | 798K |
| Change in working capital | 307.9K | -659.1K | -509.9K | 363K | 83K | -18K | -302K | 57K | 596K | 106K |
| Operating cash flow | -3.3M | -9.4M | -25.9M | -20.7M | -17.2M | -9.1M | -50.3M | -13.7M | -11.4M | -8.9M |
| Capital expenditure | -143K | -247.4K | -375K | -319K | -69K | 0 | -17K | 89K | 0 | — |
| Investing cash flow | 4.3M | -261.6K | -6.6M | 8.1M | -9.9M | -3.5M | 13.2M | 104K | 0 | 0 |
| Dividends paid | 0 | 0 | 0 | — | — | — | — | — | — | — |
| Share repurchases | — | -21.8K | — | — | — | — | — | — | — | — |
| Financing cash flow | -517 | 6M | 31.5M | 5.4M | 59.2M | 0 | 304K | 7.3M | 14M | -327K |
| Net change in cash | 980.5K | -3.7M | -964.8K | -7.2M | 32.1M | -12.7M | -36.9M | -6.3M | 2.6M | -9.2M |
| Free cash flow | -3.6M | -7.1M | -17.8M | -23.3M | -14.4M | -17.2M | -15.9M | -12.4M | -14.9M | -8.9M |
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 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 | Q3 26 | Q4 26 | Q1 27 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -3.3M | -2.4M | -3.2M | -2.6M | -3.4M | -4.2M | 636K | -3.4M | -939K | -2.3M | -1.2M | -15.8M |
| Depreciation & amortization | 2K | 1K | 1K | 1K | 2K | 2K | 2K | 2K | 0 | 3K | 2K | 2K |
| Stock-based compensation | 280K | 326K | 229K | 238K | 202K | 160K | 130K | 302K | 206K | 108K | 182K | 105K |
| Change in working capital | -10K | -122K | 237K | 326K | -19K | 114K | 175K | 106K | 0 | 0 | 0 | 0 |
| Operating cash flow | -3.4M | -2.4M | -3.6M | -2.8M | -4.1M | -4.5M | -75K | -1.8M | -3.1M | -2.2M | -1.7M | -3.2M |
| Capital expenditure | 110K | 0 | -21K | — | — | 0 | 0 | — | — | — | — | — |
| Investing cash flow | 110K | -6.6M | 6.5M | -15K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 7.3M | 0 | 0 | — | — | 0 | 15M | -327K | 0 | 0 | -4M | — |
| Net change in cash | 4M | -8.9M | 3M | -2.8M | -4.1M | -4.5M | 14.9M | -2.1M | -3.1M | -2.2M | -5.7M | -3.2M |
| Free cash flow | -2.1M | -1.9M | -2.1M | -3.6M | -4.2M | -4.1M | -3M | -1.8M | -3.1M | -2.2M | -1.7M | -3.2M |