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 | -$0.15 | $0.02 | +113.3% | — | $2.5M | — |
| Q1 26 | -$0.2 | -$0.25 | -25.0% | — | $1.8M | — |
| Q4 25 | -$0.16 | -$0.13 | +18.8% | — | $1.2M | — |
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 | — | -$0.55 | — | — | $1.9M | — |
| FY24 | — | -$1.92 | — | — | $4K | — |
| FY23 | — | -$4 | — | — | $256 | — |
| FY22 | — | -$1.41 | — | — | $0 | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Revenue | $0 | $256 | $4K | $1.9M |
| YoY change | — | +InfinityT% | +1.5K% | +47.9K% |
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 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Revenue | 0 | 256 | 4K | 1.9M |
| Cost of revenue | — | — | — | — |
| Gross profit | — | — | — | — |
| Gross margin | — | — | — | — |
| Research & development | 824.5K | 915.8K | 996.5K | 993.7K |
| Selling, general & administrative | 599.6K | 3M | 2.7M | 5.9M |
| Operating expenses | 1.4M | 4M | 3.7M | 6.8M |
| Operating income | -1.4M | -4M | -3.7M | -4.9M |
| Operating margin | — | -1.5M% | -92K% | -254.3% |
| Non-operating income, net | — | -31.7K | 121.8K | 22K |
| Pretax income | -1.4M | -3.9M | -3.4M | -4.3M |
| Income tax | — | — | — | — |
| Net income | -1.4M | -3.9M | -3.4M | -4.3M |
| Net margin | — | -1.5M% | -85K% | -221.5% |
| EBITDA | -1.4M | -3.9M | -3.8M | -4.7M |
| EPS | -1.41 | -4 | -1.92 | -0.55 |
| Diluted EPS | -1.41 | -4 | -1.92 | -0.55 |
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 | 256 | 19 | 0 | 2.7K | 1.3K | 23.7K | 171K | 498.3K | 1.2M | 1.8M | 2.5M |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Research & development | 258.4K | 285.2K | 182.3K | 249.3K | 252.7K | 312.2K | 221K | 243K | 274K | 255.6K | 446.4K | 507K |
| Selling, general & administrative | 615.2K | 545.7K | 861.5K | 605.2K | 655.9K | 588.5K | 1.2M | 910.6K | 1.5M | 2.2M | 3.9M | 3.8M |
| Operating expenses | 873.6K | 831K | 1M | 854.5K | 908.6K | 900.7K | 1.4M | 1.2M | 1.8M | 2.5M | 4.4M | 4.3M |
| Operating income | -873.6K | -830.7K | -1M | -854.5K | -905.9K | -899.4K | -1.4M | -982.7K | -1.3M | -1.2M | -2.5M | -1.9M |
| Operating margin | — | -324.5K% | -5.5M% | — | -33.5K% | -69K% | -5.9K% | -574.8% | -263.9% | -99% | -140.8% | -75.9% |
| Non-operating income, net | — | 20.7K | 119.7K | — | 2K | 0 | 11.4K | 11.2K | 17.8K | -18.5K | -85.2K | 1.7M |
| Pretax income | -857.1K | -801K | -912.1K | -809.2K | -864.4K | -838.5K | -1.2M | -824.6K | -1.1M | -1.1M | -2.5M | -22.2K |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — |
| Net income | -857.1K | -801K | -912.1K | -809.2K | -864.4K | -838.5K | -1.2M | -824.6K | -1.1M | -1.1M | -2.5M | -22.2K |
| Net margin | — | -312.9K% | -4.8M% | — | -32K% | -64.3K% | -5.2K% | -482.3% | -229% | -87.5% | -136.7% | -0.9% |
| EBITDA | -872.9K | -847.7K | -1.2M | -840.3K | -893.7K | -884K | -1.4M | -937.4K | -1.3M | -1.1M | -2.4M | -3.5M |
| EPS | -0.85 | — | -0.91 | -0.72 | -0.61 | — | -0.17 | -0.11 | -0.14 | — | -0.25 | 0.02 |
| Diluted EPS | -0.85 | — | -0.91 | -0.72 | -0.61 | — | -0.17 | -0.11 | -0.14 | — | -0.25 | 0.02 |
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 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Market cap | — | — | 4M | — | — | 7.6M |
| Enterprise value | — | — | 413.4K | — | — | -6.3M |
| Shares outstanding | — | 1M | 987.9K | 1.8M | 7.1M | 7.1M |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | -1 |
| P/S | — | — | 15.7K | — | — | 1.3 |
| P/B | — | — | 1.18 | — | — | 0.35 |
| EV/EBITDA | — | — | -0.11 | — | — | 0.94 |
| EV/Sales | — | — | 1.6K | — | — | -1.05 |
| Earnings yield | — | — | — | — | — | -99.9% |
| FCF yield | — | — | -75.4% | — | — | -46.2% |
| PEG | — | — | — | — | — | 0.01 |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Operating margin | — | — | -1.5M% | -92K% | -254.3% | -75.9% |
| Net margin | — | — | -1.5M% | -85K% | -221.5% | -64.8% |
| ROE | — | -207.2% | -115.2% | -20.6% | -33.6% | -30.2% |
| ROA | — | -151% | -106.8% | -20.1% | -31.9% | -26.5% |
| Return on tangible assets | — | -172.4% | -110% | -20.6% | -36.4% | -29.4% |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Current ratio | — | 3.45 | 13.5 | 41.9 | 18.5 | 10.6 |
| Quick ratio | — | 3.45 | 13.5 | 41.9 | 18.5 | 10.6 |
| Debt / equity | — | — | — | — | — | 0 |
| Net debt / EBITDA | — | — | — | — | — | 1.7 |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Revenue per share | — | 0 | 0 | 0 | 0.27 | 0.72 |
| EPS (basic) | — | -1.41 | -4 | -1.92 | -0.55 | -0.55 |
| EPS (diluted) | — | -1.41 | -4 | -1.92 | -0.55 | -0.48 |
| Book value per share | — | 0.68 | 3.47 | 9.35 | 1.8 | 1.61 |
| FCF per share | — | -1.31 | -3.07 | -1.96 | -0.63 | -0.53 |
| Cash per share | — | 0.67 | 3.66 | 9.43 | 1.74 | 1.07 |
| Capex per share | — | — | — | — | 0.01 | 0 |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Capex / revenue | — | — | — | — | 4.3% | 0.68% |
| Capex / operating cash flow | — | — | — | — | -2.16% | -0.75% |
| Payout ratio | — | — | — | — | — | 0% |
| Revenue | $0 | $256 | $19 | $0 | $2.7K | $1.3K | $23.7K | $171K | $498.3K | $1.2M | $1.8M | $2.5M |
| YoY change | 0% | +InfinityT% | +InfinityT% | 0% | +InfinityT% | +409.4% | +124.8K% | +InfinityT% | +18.3K% | +95K% | +7.5K% | +1.3K% |
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 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash & short-term investments | 2.1M | 679.8K | 3.6M | 16.8M | 12.4M |
| Receivables | — | 0 | 8 | 0 | 76.2K |
| Inventory | — | — | — | — | — |
| Total current assets | 2.1M | 882.8K | 3.6M | 16.8M | 12.6M |
| Property, plant & equipment | — | — | — | — | — |
| Goodwill & intangibles | 0 | 117.3K | 106.8K | 390.8K | 1.6M |
| Total assets | 2.1M | 941.4K | 3.7M | 17M | 13.4M |
| Accounts payable | 6.3K | 245K | 215.9K | 338.8K | 270.1K |
| Short-term debt | — | — | — | — | — |
| Total current liabilities | 8.7K | 255.7K | 270K | 401.5K | 680.6K |
| Long-term debt | — | — | — | — | — |
| Total liabilities | 8.7K | 255.7K | 270K | 401.5K | 680.6K |
| Shareholders' equity | 2.1M | 685.7K | 3.4M | 16.6M | 12.7M |
| Total debt | — | — | — | — | — |
| Net debt | — | — | — | — | — |
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 | 4.3M | 3.6M | 5.4M | 4.7M | 6.8M | 16.8M | 14.9M | 14.2M | 13.2M | 12.4M | 11.8M | 11.5M |
| Receivables | — | 8 | 10 | 0 | 0 | 0 | 4.9K | 9.4K | 44.9K | 76.2K | 80.5K | 118.1K |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 4.4M | 3.6M | 5.8M | 4.9M | 6.9M | 16.8M | 15.2M | 14.5M | 13.4M | 12.6M | 12.2M | 11.9M |
| Property, plant & equipment | — | — | — | — | — | — | — | — | — | — | — | — |
| Goodwill & intangibles | 49.5K | 106.8K | 432.1K | 406.2K | 377.8K | 390.8K | 1.9M | 1.8M | 1.7M | 1.6M | 1.5M | 1.4M |
| Total assets | 4.4M | 3.7M | 6M | 5.1M | 7.1M | 17M | 16.1M | 15.4M | 14.3M | 13.4M | 15.8M | 17.5M |
| Accounts payable | 179.9K | 215.9K | 393.1K | 297.7K | 329.3K | 338.8K | 321.7K | 250.7K | 213.5K | 270.1K | 228K | 326K |
| Short-term debt | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | 201.5K | 270K | 513.8K | 392.1K | 404.9K | 401.5K | 500.7K | 505.4K | 451.9K | 680.6K | 569.3K | 1.1M |
| Long-term debt | — | — | — | — | — | — | — | — | — | — | — | — |
| Total liabilities | 201.5K | 270K | 513.8K | 392.1K | 404.9K | 401.5K | 500.7K | 505.4K | 451.9K | 680.6K | 569.3K | 1.1M |
| Shareholders' equity | 4.2M | 3.4M | 5.5M | 4.7M | 6.7M | 16.6M | 15.6M | 14.9M | 13.8M | 12.7M | 15.3M | 16.3M |
| Total debt | — | — | — | — | — | — | — | — | — | — | — | — |
| Net debt | — | — | — | — | — | — | — | — | — | — | — | — |
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 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Net income | -1.4M | -3.9M | -3.4M | -4.3M |
| Depreciation & amortization | 4.2K | 10.6K | 52.4K | 204.7K |
| Stock-based compensation | 0 | 936.4K | 119.4K | 136.9K |
| Change in working capital | 148.8K | -29.9K | 124K | -16K |
| Operating cash flow | -1.3M | -3M | -3.1M | -3.9M |
| Capital expenditure | — | — | — | -83K |
| Investing cash flow | 0 | -2.5M | 262.9K | -9.2M |
| Dividends paid | — | — | — | — |
| Share repurchases | 0 | -99.7K | -19.6K | 0 |
| Financing cash flow | -75.1K | 5.9M | 8.2M | 0 |
| Net change in cash | -1.3M | 351.5K | 5.3M | -13.1M |
| Free cash flow | -1.3M | -3M | -3.5M | -4.4M |
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 | -857.1K | -801K | -912.1K | -809.2K | -864.4K | -838.5K | -1.2M | -824.6K | -1.1M | -1.1M | -2.5M | -22.2K |
| Depreciation & amortization | 684 | 3.7K | 8.7K | 14.2K | 14.2K | 15.4K | 29.7K | 56.6K | 58.4K | 60K | 60.6K | 59.5K |
| Stock-based compensation | 21.9K | 21.9K | 15.8K | 33.4K | 34.9K | 35.3K | 32.9K | 30.5K | 33.5K | 40K | 53.9K | 45.2K |
| Change in working capital | -3.4K | 36K | 177.3K | -95.5K | 31.6K | 8.3K | -23.1K | -74.9K | -46.3K | 128.3K | 65.9K | 180.6K |
| Operating cash flow | -837.8K | -739.3K | -710.4K | -857.1K | -783.6K | -779.6K | -1.2M | -716.9K | -1.1M | -733.1K | -2.5M | -1.1M |
| Capital expenditure | — | — | — | — | — | — | — | -22.1K | -21.7K | -16.4K | -2.6K | 0 |
| Investing cash flow | 0 | 0 | 520.9K | -200K | 695K | -753K | -10M | -135.5K | 311.5K | 659.7K | -2.1M | -339.9K |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | -25.5K | -50K | -19.6K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — | — |
| Financing cash flow | -25.5K | -50K | 139.5K | 0 | 0 | 8M | 0 | 0 | 0 | 0 | 5.3M | 1M |
| Net change in cash | -863.3K | -789.3K | -50K | -1.1M | -88.6K | 6.5M | -11.2M | -852.4K | -794.8K | -73.4K | 672.8K | -424.1K |
| Free cash flow | -898.5K | -705.2K | -1.3M | -740.5K | -674.3K | -790.1K | -1.8M | -739K | -1.1M | -749.6K | -2.5M | -1.1M |