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 % |
|---|---|---|---|---|---|---|
| Q3 26 | -$1.98 | -$11.6 | -484.8% | — | — | — |
| Q2 26 | -$2.64 | $2.22 | +184.1% | — | — | — |
| Q1 26 | -$5.04 | -$6.12 | -21.4% | — | $6.5M | — |
| Q2 25 | $10.8 | -$40.7 | -477.2% | — | $6.5K | — |
| Q4 24 | $21.6 | -$19.2 | -188.9% | — | $394.8K | — |
| Q3 24 | -$31.2 | -$24 | +23.1% | — | $426.4K | — |
| Q2 24 | -$43.2 | -$96 | -122.2% | — | $618.9K | — |
| Q1 24 | -$36 | -$72 | -100.0% | — | $1.1M | — |
| Q3 23 | -$31.2 | -$33.6 | -7.7% | — | $853.1K | — |
| Q2 23 | -$37.2 | -$28.8 | +22.6% | — | $622.8K | — |
| Q1 23 | -$38.4 | -$33.6 | +12.5% | — | $41.9K | — |
| Q4 22 | -$0.16 | -$0.15 | +6.3% | — | $1.3M | — |
| Q3 22 | -$0.12 | -$0.11 | +8.3% | — | $1.8M | — |
| Q2 22 | -$30 | -$24 | +20.0% | — | $454K | — |
| Q1 22 | -$33.6 | -$14.4 | +57.1% | — | $3.1M | — |
| Q4 21 | -$28.8 | -$14.4 | +50.0% | — | $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 | — | -$63.8 | — | — | $54.2K | — |
| FY24 | — | -$30.8 | — | — | $2.6M | — |
| FY23 | — | -$0.7 | — | — | $2.8M | — |
| FY22 | — | -$0.42 | — | — | $6.7M | — |
| 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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Revenue | $0 | $4.1M | $0 | $6.7M | $2.8M | $2.6M | $54.2K |
| YoY change | — | +InfinityT% | -100% | +InfinityT% | -57.7% | -9.68% | -97.9% |
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 |
|---|
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Revenue | 0 | 4.1M | 0 | 6.7M | 2.8M | 2.6M | 54.2K |
| Cost of revenue | — | — | 0 | 4.1M | 2.3M | 1.6M | 43.4K |
| Gross profit | — | — | 0 | 2.6M | 560.4K | 959.4K | 10.8K |
| Gross margin | — | — | — | 38.5% | 19.7% | 37.4% | 20% |
| Research & development | 5.4M | 7.3M | 8.2M | 9.3M | 7.7M | 6.4M | 5.4M |
| Selling, general & administrative | 1.8M | 2.4M | 5M | 8M | 13.1M | 21.9M | 5.6M |
| Operating expenses | 7.2M | 9.7M | 13.1M | 17.3M | 20.8M | 28.3M | 11M |
| Operating income | -7.4M | -5.8M | -13.4M | -15.1M | -25.7M | -29M | -11.3M |
| Operating margin | — | -142.1% | — | -224.3% | -905% | -1.1K% | -20.8K% |
| Non-operating income, net | — | — | 505.4K | 304.7K | 1M | 87K | 4.5M |
| Pretax income | -7.3M | -5.8M | -12.9M | -14.9M | -25M | -30M | -8M |
| Income tax | — | — | — | — | — | — | — |
| Net income | -7.3M | -5.8M | -12.9M | -14.9M | -25M | -30M | -8M |
| Net margin | — | -141.5% | — | -221.7% | -879.5% | -1.2K% | -14.7K% |
| EBITDA | -6.9M | -5.3M | -12.3M | -14.1M | -23.6M | -27.7M | -3.6M |
| EPS | -0.3 | -0.2 | -0.69 | -0.42 | -0.7 | -30.8 | -63.8 |
| Diluted EPS | -0.3 | -0.2 | -0.69 | -0.42 | -0.7 | -30.8 | -63.8 |
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 | 853.1K | 1.3M | 1.1M | 618.9K | 426.4K | 394.8K | 5.1K | 6.5K | 15.6K | 27K | 6.5M | 135.6K |
| Cost of revenue | 678.3K | 1.1M | 512K | 438.4K | 341.1K | 315.8K | 4.1K | 5.2K | 12.5K | 21.6K | 11.1K | 229.5K |
| Gross profit | 174.8K | 252.6K | 614.7K | 180.4K | 85.3K | 79K | 1K | 1.3K | 3.1K | 5.4K | 6.5M | -93.9K |
| Gross margin | 20.5% | 19.1% | 54.6% | 29.2% | 20% | 20% | 20% | 20% | 20% | 20% | 99.8% | -69.3% |
| Research & development | 1.7M | 2.1M | 2.1M | 2M | 1.2M | 1M | 1.5M | 1.2M | 1.4M | 1.3M | 1.3M | 1.2M |
| Selling, general & administrative | 3.5M | 3.6M | 5.9M | 11.9M | 2.5M | 1.6M | 153.8K | 2.1M | 1.8M | 1.6M | 1.8M | 1.8M |
| Operating expenses | 5.2M | 5.7M | 8M | 13.9M | 3.7M | 2.6M | 1.6M | 3.3M | 3.2M | 2.9M | 3M | 3M |
| Operating income | -5.1M | -10.8M | -7.5M | -13.8M | -3.7M | -3.9M | -1.7M | -3.4M | -3.3M | -2.9M | 3.3M | -3.2M |
| Operating margin | -595.2% | -813.3% | -665.1% | -2.2K% | -865.4% | -996.1% | -33.4K% | -51.3K% | -21K% | -10.9K% | 49.7% | -2.3K% |
| Non-operating income, net | 234.8K | 86.2K | 25.6K | -1.3M | 11.3K | 1.3M | 24.7K | 1.8M | -1.1M | 3.9M | 676.2K | -2M |
| Pretax income | -4.9M | -10.7M | -7.5M | -15.3M | -3.9M | -3.4M | -2.2M | -1.9M | -4.6M | 719.2K | 3.8M | -5.2M |
| Income tax | — | — | — | — | — | — | — | — | — | — | 330.2K | 0 |
| Net income | -4.9M | -10.7M | -7.5M | -15.3M | -3.9M | -3.4M | -2.2M | -1.9M | -4.6M | 719.2K | 3.5M | -5.2M |
| Net margin | -578.9% | -806.7% | -662.8% | -2.5K% | -915.1% | -854.4% | -43.4K% | -29.4K% | -29.2K% | 2.7K% | 53.1% | -3.8K% |
| EBITDA | -4.6M | -10.4M | -7.2M | -15M | -3.6M | -1.9M | -1.2M | -3.1M | -3.1M | 3.7M | 3.4M | -2.5M |
| EPS | -0.14 | — | -0.2 | -16 | -4 | -3.2 | -2 | -5.39 | -12.1 | -6.12 | 1.39 | -11.6 |
| Diluted EPS | -0.14 | — | -0.2 | -16 | -4 | -3.2 | -2 | -5.39 | -12.1 | -6.12 | 1.39 | -11.6 |
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 | — | — | — | — | 1.8B | — | — | 3.3M |
| Enterprise value | — | — | — | — | 1.8B | — | — | 9.4M |
| Shares outstanding | 24.4M | 28.6M | 18.8M | 35.8M | 35.9M | 969.8K | 349.6K | 349.6K |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | -0.03 |
| P/S | — | — | — | — | 619.5 | — | — | 0.53 |
| P/B | — | — | — | — | 130.8 | — | — | 0.42 |
| EV/EBITDA | — | — | — | — | -74.8 | — | — | -1.68 |
| EV/Sales | — | — | — | — | 620.5 | — | — | 1.39 |
| Earnings yield | — | — | — | — | — | — | — | -3.5K% |
| FCF yield | — | — | — | — | -1.63% | — | — | -348.9% |
| PEG | — | — | — | — | — | — | — | -0 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Gross margin | — | — | — | 38.5% | 19.7% | 37.4% | 20% | -69.3% |
| Operating margin | — | -142.1% | — | -224.3% | -905% | -1.1K% | -20.8K% | -2.3K% |
| Net margin | — | -141.5% | — | -221.7% | -879.5% | -1.2K% | -14.7K% | -83% |
| ROE | -81% | -40.3% | -25.1% | -39.8% | -185.7% | 443.5% | -287.9% | -151.4% |
| ROA | -72.5% | -37.7% | -24% | -31.8% | -87.7% | -99.3% | -32.5% | -13.9% |
| Return on tangible assets | -72.5% | -37.7% | -24% | -31.8% | -87.7% | -99.3% | -32.5% | -20.9% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Current ratio | 7.53 | 12.1 | 17.4 | 11.5 | 0.73 | 0.19 | 0.11 | 0.06 |
| Quick ratio | 7.53 | 12.1 | 17.4 | 11.5 | 0.73 | 0.19 | 0.11 | 0.06 |
| Debt / equity | — | — | — | 0.17 | 0.47 | -2.02 | 2.46 | 0.88 |
| Debt / assets | — | — | — | 0.14 | 0.22 | 0.45 | 0.28 | 0.25 |
| Net debt / EBITDA | — | — | — | 1.82 | -0.11 | -0.33 | -1.34 | 3.83 |
| Interest coverage | — | — | — | -116.6 | -87.3 | -24.9 | -5.37 | -7.64 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0.14 | 0 | 0.19 | 0.08 | 2.65 | 0.16 | 8.53 |
| EPS (basic) | -0.3 | -0.2 | -0.69 | -0.42 | -0.7 | -30.8 | -63.8 | -63.8 |
| EPS (diluted) | -0.3 | -0.2 | -0.69 | -0.42 | -0.7 | -30.8 | -63.8 | -16.6 |
| Book value per share | 0.37 | 0.5 | 2.73 | 1.04 | 0.37 | -6.98 | 7.91 | 4.59 |
| FCF per share | -0.34 | -0.37 | -0.59 | -0.58 | -0.8 | -14.9 | -38.3 | -9.14 |
| Cash per share | 0.3 | 0.3 | 1.96 | 0.9 | 0.1 | 4.82 | 5.58 | 0.4 |
| Capex per share | 0.06 | 0.01 | 0 | 0.29 | 0.17 | 0.27 | — | — |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Capex / revenue | — | 4.55% | — | 152.9% | 218.3% | 10.2% | — | — |
| Capex / operating cash flow | -23.9% | -2.25% | -0.62% | -78.7% | -27.3% | -1.74% | — | — |
| Payout ratio | — | — | — | — | — | — | — | 0% |
| — |
| — |
| $0 |
| — |
| FY20 | — | -$0.2 | — | — | $4.1M | — |
| FY19 | — | -$0.3 | — | — | $0 | — |
| Q1 24 |
|---|
| Q2 24 |
|---|
| Q3 24 |
|---|
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $853.1K | $1.3M | $1.1M | $618.9K | $426.4K | $394.8K | $5.1K | $6.5K | $15.6K | $27K | $6.5M | $135.6K |
| YoY change | -52.8% | -1.31% | +2.6K% | -0.63% | -50% | -70.2% | -99.6% | -98.9% | -96.3% | -93.2% | +129.1K% | +2K% |
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 | 7.4M | 8.5M | 36.7M | 32.1M | 3.6M | 4.7M | 2M |
| Receivables | 0 | 2.5M | 133K | 417.7K | 1.5M | 582.2K | 32.2K |
| Inventory | — | — | — | — | — | — | — |
| Total current assets | 8M | 12.1M | 40.5M | 34.1M | 6.4M | 5.7M | 2.3M |
| Property, plant & equipment | 2M | 1.6M | 1.1M | 4.7M | 14.3M | 16.8M | 14.8M |
| Goodwill & intangibles | — | — | — | — | — | — | — |
| Total assets | 10.1M | 15.4M | 53.5M | 46.8M | 28.5M | 30.2M | 24.5M |
| Accounts payable | 392.3K | 155.3K | 223.7K | 1.2M | 6.2M | 22.3M | 13.1M |
| Short-term debt | — | — | — | — | — | 6.3M | 6.8M |
| Total current liabilities | 1.1M | 1M | 2.3M | 3M | 8.7M | 29.6M | 21.1M |
| Long-term debt | — | — | — | 6.4M | 6.3M | 7.4M | — |
| Total liabilities | 1.1M | 1M | 2.3M | 9.4M | 15.1M | 37M | 21.8M |
| Shareholders' equity | 9M | 14.4M | 51.2M | 37.4M | 13.5M | -6.8M | 2.8M |
| Total debt | — | — | — | 6.4M | 6.3M | 13.7M | 6.8M |
| Net debt | — | — | — | -15.9M | 2.7M | 9M | 4.9M |
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 | 11.2M | 3.6M | 4.1M | 1.2M | 998.2K | 4.7M | 1.1M | 2.4M | 1.1M | 2M | 1.2M | 741.3K |
| Receivables | 710.1K | 1.5M | 903.9K | 655K | 651.8K | 582.2K | 87.5K | 21.6K | 30.7K | 32.2K | 74.8K | 18.5K |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 13.8M | 6.4M | 6.2M | 2.4M | 2.1M | 5.7M | 1.9M | 2.9M | 1.6M | 2.3M | 1.7M | 1.1M |
| Property, plant & equipment | — | 14.3M | — | — | — | 16.8M | — | — | — | 14.8M | — | — |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 35.6M | 28.5M | 30.4M | 26.8M | 26.6M | 30.2M | 26.3M | 28.9M | 25.4M | 24.5M | 27.3M | 26.8M |
| Accounts payable | 3.2M | 6.2M | 10.5M | 16.9M | 22.7M | 22.3M | 19.7M | 19.4M | 19M | 13.1M | 11.8M | 10.6M |
| Short-term debt | — | — | 122.2K | 124K | 6.3M | 6.3M | 6.2M | 6.4M | 6.8M | 6.8M | 6.6M | 6.6M |
| Total current liabilities | 5.4M | 8.7M | 13.4M | 23.2M | 30.1M | 29.6M | 27.1M | 26.8M | 26.9M | 21.1M | 20M | 18.6M |
| Long-term debt | 6.3M | 6.3M | 8.3M | 9.9M | 6.5M | 7.4M | 7.7M | 367.2K | — | — | — | — |
| Total liabilities | 11.7M | 15.1M | 21.7M | 33.1M | 36.5M | 37M | 34.8M | 29M | 27.6M | 21.8M | 21.6M | 19.3M |
| Shareholders' equity | 23.9M | 13.5M | 8.7M | -6.3M | -10M | -6.8M | -8.6M | -52K | -2.1M | 2.8M | 5.8M | 7.4M |
| Total debt | 6.3M | 6.3M | 8.4M | 10M | 12.8M | 13.7M | 13.9M | 6.8M | 6.8M | 6.8M | 6.6M | 6.6M |
| Net debt | -4.9M | 2.7M | 4.3M | 8.9M | 11.8M | 9M | 12.8M | 4.3M | 5.7M | 4.9M | 5.3M | 5.8M |
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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Net income | -7.3M | -5.8M | -12.9M | -14.9M | -25M | -30M | -8M |
| Depreciation & amortization | 421.8K | 572.9K | 543.6K | 717.9K | 1.1M | 1.2M | 1M |
| Stock-based compensation | 1.8K | 21.9K | 361K | 1.1M | 1M | 1M | 768.6K |
| Change in working capital | 766.4K | -3.1M | 4.3M | 5.3K | 174.6K | 12.8M | -2.9M |
| Operating cash flow | -6.1M | -8.3M | -7.7M | -13.1M | -22.7M | -15.1M | -13.4M |
| Capital expenditure | -1.5M | -186.7K | -47.3K | -10.3M | -6.2M | -261.6K | — |
| Investing cash flow | -1.5M | -186.7K | -35M | 14.7M | 3.8M | -261.6K | — |
| Dividends paid | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — |
| Financing cash flow | 13.4M | 11.7M | 49.3M | 6.3M | -14.5K | 12.6M | 6.8M |
| Net change in cash | 5.9M | 3.2M | 6.6M | 7.9M | -18.9M | -2.7M | -6.5M |
| Free cash flow | -8.2M | -10.6M | -11M | -20.7M | -28.7M | -14.5M | -13.4M |
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 | -4.9M | -10.7M | -7.5M | -15.3M | -3.9M | -3.4M | -2.2M | -1.9M | -4.6M | 719.2K | 3.5M | -5.2M |
| Depreciation & amortization | 277.5K | 274.6K | 243.5K | 129.9K | 128.4K | 682.5K | 419K | 291.9K | 173.9K | 156.9K | 142K | 127.1K |
| Stock-based compensation | 219.8K | 261.3K | 244.7K | 239.8K | 232.4K | 292.1K | 275.6K | 278.3K | 205.5K | 9.2K | 10K | 1.2K |
| Change in working capital | -905.5K | 317.1K | 3.1M | 9.6M | 489.7K | -438.8K | -1.9M | -308K | -371.2K | -340.7K | -914.5K | -844.8K |
| Operating cash flow | -5.3M | -9.8M | -3.9M | -5.3M | -3.1M | -2.8M | -3.3M | -3.3M | -3.2M | -3.4M | -1.6M | -4M |
| Capital expenditure | -630K | -3.7M | -129.7K | 18.6K | -37.1K | -113.4K | 0 | — | — | — | — | — |
| Investing cash flow | 9.4M | -3.7M | -129.7K | 18.6K | -37.1K | -113.4K | 0 | — | — | — | — | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | -8.9K | -15.3K | 4.2M | 1.9M | 2.8M | 4.3M | -53.1K | 4.6M | -1.9M | 4.2M | -259.3K | 5.5M |
| Net change in cash | 4M | -13.6M | 186.3K | -3.3M | -288.3K | 1.4M | -3.3M | 1.3M | -5.2M | 855.6K | -1.8M | 1.5M |
| Free cash flow | -6.2M | -7.6M | -3.7M | -4.8M | -3M | -2.9M | -3.5M | -3.3M | -3.2M | -3.4M | -1.6M | -4M |