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 25 | -$0.82 | -$1.22 | -48.8% | — | $2M | — |
| Q4 24 | -$0.69 | -$0.74 | -7.2% | — | $1.4M | — |
| Q3 24 | -$1.9 | -$1.1 | +42.1% | — | $4.7M | — |
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 % |
|---|---|---|---|---|---|---|
| FY24 | — | -$3.47 | — | — | $43.9M | — |
| FY23 | — | -$8.63 | — | — | $20.1M | — |
| FY22 | — | -$9.9 | — | — | $14.2M | — |
| FY21 | — | -$23 | — | — | $18.4M | — |
| FY20 | — | -$16.9 | — | — | $19.6M | — |
| FY19 | — | -$24.1 | — | — | $11.9M | — |
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 |
|---|---|---|---|---|---|---|
| Revenue | $11.9M | $19.6M | $18.4M | $14.2M | $20.1M | $43.9M |
| YoY change | — | +64% | -5.8% | -22.8% | +41.3% | +118.3% |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 |
|---|---|---|---|---|---|---|
| Revenue | — |
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 |
|---|---|---|---|---|---|---|
| Revenue | 11.9M | 19.6M | 18.4M | 14.2M | 20.1M | 43.9M |
| Cost of revenue | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — |
| Research & development | 46.3M | 54.8M | 82.9M | 68.6M | 86.4M | 68.5M |
| Selling, general & administrative | 16.7M | 18.1M | 17.3M | 18.8M | 18.6M | 20.2M |
| Operating expenses | 56.3M | 66.4M | 90.4M | 79.5M | 93.9M | 81.3M |
| Operating income | -44.3M | -46.8M | -72M | -65.2M | -73.7M | -37.4M |
| Operating margin | -371.4% | -238.8% | -390% | -457.8% | -366.3% | -85.1% |
| Non-operating income, net | 601K | 3.1M | -2.8M | -392K | -12.5M | -9.9M |
| Pretax income | -43M | -44.1M | -75.7M | -64.7M | -81.2M | -43.6M |
| Income tax | 0 | 0 | 1K | 230K | 368K | -106K |
| Net income | -43M | -44.1M | -75.7M | -64.9M | -81.6M | -43.5M |
| Net margin | -360.4% | -225.1% | -410.2% | -455.6% | -405.3% | -99% |
| EBITDA | -39.1M | -39.1M | -70.1M | -60.4M | -64.6M | -34.2M |
| EPS | -24.1 | -16.9 | -23 | -9.9 | -8.63 | -3.47 |
| Diluted EPS | -24.1 | -16.9 | -23 | -9.9 | -8.63 | -3.47 |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 |
|---|---|---|---|---|---|---|
| Revenue | — | — | 4.7M | 1.4M | 2M | 6.8M |
| Cost of revenue | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — |
| Research & development | — | — | 15.6M | 13M | 12.9M | 8.9M |
| Selling, general & administrative | — | — | 6.7M | 5.5M | 6.9M | 4.5M |
| Operating expenses | — | — | 20.1M | 18M | 19.5M | 13.3M |
| Operating income | — | — | -15.4M | -16.7M | -17.5M | -6.5M |
| Operating margin | — | — | -327.7% | -1.2K% | -874% | -95.8% |
| Non-operating income, net | — | — | 761K | -8.9M | 1.9M | 4.5M |
| Pretax income | — | — | -13.8M | -25.1M | -15.4M | -1.8M |
| Income tax | — | — | 0 | -106K | 0 | 0 |
| Net income | — | — | -13.8M | -24.9M | -15.4M | -1.8M |
| Net margin | — | — | -294.3% | -1.8K% | -769.8% | -26.3% |
| EBITDA | — | — | -12.1M | -20.1M | -14.9M | -1.3M |
| EPS | 1.1 | -15.2 | -1.1 | — | -1.23 | -0.4 |
| Diluted EPS | 1.1 | -15.2 | -1.1 | — | -1.23 | -0.4 |
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 | Current |
|---|---|---|---|---|---|---|---|
| Market cap | — | — | — | — | — | — | 14.2M |
| Enterprise value | — | — | — | — | — | — | -25.1M |
| Shares outstanding | 1.8M | 6.4M | 6.6M | 6.6M | 9.5M | 12.5M | 12.5M |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | Current |
|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | -0.33 |
| P/S | — | — | — | — | — | — | 1.52 |
| P/B | — | — | — | — | — | — | 0.42 |
| EV/EBITDA | — | — | — | — | — | — | 0.35 |
| EV/Sales | — | — | — | — | — | — | -2.69 |
| Earnings yield | — | — | — | — | — | — | -301.7% |
| FCF yield | — | — | — | — | — | — | -230.5% |
| PEG | — | — | — | — | — | — | 0 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | Current |
|---|---|---|---|---|---|---|---|
| Operating margin | -371.4% | -238.8% | -390% | -457.8% | -366.3% | -85.1% | -885.3% |
| Net margin | -360.4% | -225.1% | -410.2% | -455.6% | -405.3% | -99% | 0% |
| ROE | -36.5% | -28.2% | -84.5% | -63.3% | -90.8% | -84.9% | -105.8% |
| ROA | -29.9% | -23.5% | -60% | -38.1% | -50.6% | -52.7% | -45.2% |
| ROIC | -265.1% | -195.8% | -209.8% | 1.9K% | 356.6% | -301.4% | 1.1K% |
| Return on tangible assets | -29.9% | -23.5% | -60% | -38.1% | -50.6% | -52.7% | -106.3% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | Current |
|---|---|---|---|---|---|---|---|
| Current ratio | 8.68 | 8.11 | 3.69 | 4.13 | 3.5 | 3.27 | 3.61 |
| Quick ratio | 8.68 | 8.11 | 3.69 | 4.13 | 3.5 | 3.27 | 3.93 |
| Debt / equity | 0.1 | 0.07 | 0.12 | 0.06 | 0.07 | 0.02 | 0.02 |
| Debt / assets | 0.08 | 0.06 | 0.08 | 0.04 | 0.04 | 0.01 | 0.01 |
| Net debt / EBITDA | 2.59 | 3.38 | 0.79 | 1.75 | 1.71 | 1.14 | 0.7 |
| Interest coverage | -48.1 | -55.1 | -83.3 | -93.2 | -255.2 | -21.8K | -21.8K |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | Current |
|---|---|---|---|---|---|---|---|
| Revenue per share | 6.69 | 3.05 | 2.81 | 2.17 | 2.13 | 3.5 | 0.75 |
| EPS (basic) | -24.1 | -16.9 | -23 | -9.9 | -8.63 | -3.47 | -3.47 |
| EPS (diluted) | -24.1 | -16.9 | -23 | -9.9 | -8.63 | -3.47 | -4.83 |
| Book value per share | 66 | 24.3 | 13.7 | 15.6 | 9.51 | 4.08 | 2.71 |
| FCF per share | -24.5 | -6.5 | -12 | -3.81 | -6.53 | -6.15 | -3.59 |
| Cash per share | 63.4 | 22.3 | 10.1 | 17.2 | 12.4 | 3.16 | 3.18 |
| Capex per share | 1.12 | 0.37 | 1.92 | 0.77 | 0.44 | 0.02 | 0 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | Current |
|---|---|---|---|---|---|---|---|
| Capex / revenue | 16.7% | 12.1% | 68.2% | 35.2% | 20.7% | 0.44% | 0.36% |
| Capex / operating cash flow | -4.28% | -6.43% | -19.8% | -20.5% | -5.74% | -0.26% | -0.1% |
| Payout ratio | — | — | — | — | — | — | 0% |
| — |
| $4.7M |
| $1.4M |
| $2M |
| $6.8M |
| YoY change | — | — | — | — | — | — |
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 |
|---|---|---|---|---|---|---|
| Cash & short-term investments | 113.2M | 142.7M | 65.9M | 112.5M | 117.1M | 39.7M |
| Receivables | 1.5M | 5.5M | 6.9M | 6.5M | 511K | 290K |
| Inventory | — | — | — | — | — | — |
| Total current assets | 128M | 171.5M | 102.1M | 147.2M | 147.1M | 80.7M |
| Property, plant & equipment | 14.6M | 14M | 22.1M | 22M | 13.2M | 1.1M |
| Goodwill & intangibles | — | — | — | — | — | — |
| Total assets | 143.7M | 187.8M | 126M | 170.5M | 161.3M | 82.5M |
| Accounts payable | 944K | 8M | 8.8M | 5.5M | 12.5M | 8.7M |
| Short-term debt | 3.2M | 2.2M | 4.5M | 3.3M | 2.8M | 552K |
| Total current liabilities | 14.8M | 21.1M | 27.7M | 35.6M | 42M | 24.7M |
| Long-term debt | 8.8M | 8.4M | 6.1M | 3.2M | 3.8M | 323K |
| Total liabilities | 25.8M | 31.7M | 36.5M | 67.9M | 71.5M | 31.3M |
| Shareholders' equity | 117.9M | 156.1M | 89.6M | 102.5M | 89.9M | 51.2M |
| Total debt | 12M | 10.5M | 10.6M | 6.5M | 6.6M | 875K |
| Net debt | -101.2M | -132.2M | -55.3M | -106M | -110.5M | -38.8M |
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 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 |
|---|---|---|---|---|---|---|
| Cash & short-term investments | 92.8M | 77.2M | 59.8M | 39.7M | 40.3M | 34.2M |
| Receivables | 10.2M | 82K | 324K | 290K | 545K | 903K |
| Inventory | — | — | — | — | — | — |
| Total current assets | 132.7M | 107.4M | 93.2M | 80.7M | 60.1M | 51.7M |
| Property, plant & equipment | 12.3M | 12M | 9.7M | 1.1M | 686K | 522K |
| Goodwill & intangibles | — | — | — | — | — | — |
| Total assets | 145.9M | 125M | 109.7M | 82.5M | 61.3M | 52.7M |
| Accounts payable | 11.2M | 11.3M | 9M | 8.7M | 3.7M | 7.6M |
| Short-term debt | 2.7M | 1.5M | 1.2M | 552K | 312K | 248K |
| Total current liabilities | 29.5M | 27.8M | 28.6M | 24.7M | 16.6M | 13.2M |
| Long-term debt | 3.4M | 3.4M | 1.6M | 323K | 284K | 298K |
| Total liabilities | 41.3M | 39M | 37.9M | 31.3M | 27.2M | 24M |
| Shareholders' equity | 104.5M | 86.1M | 71.8M | 51.2M | 34.1M | 28.7M |
| Total debt | 6.1M | 4.9M | 2.8M | 875K | 596K | 546K |
| Net debt | -86.7M | -72.3M | -56.9M | -38.8M | -39.7M | -33.7M |
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 |
|---|---|---|---|---|---|---|
| Net income | -43M | -44.1M | -75.7M | -64.9M | -81.6M | -43.5M |
| Depreciation & amortization | 3.1M | 4.2M | 4.6M | 3.6M | 3.6M | 2.8M |
| Stock-based compensation | 5.6M | 8.7M | 7.6M | 5M | 2.3M | 2M |
| Change in working capital | -12.4M | -5.6M | -1.5M | 31.6M | 3.1M | -36.2M |
| Operating cash flow | -46.8M | -36.9M | -63.7M | -24.5M | -72.5M | -74.9M |
| Capital expenditure | -2M | -2.4M | -12.6M | -5M | -4.2M | -194K |
| Investing cash flow | -2M | -2.4M | -12.6M | -5M | -4.2M | -194K |
| Dividends paid | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — |
| Financing cash flow | 109.8M | 73.4M | -235K | 72.3M | 65.7M | -1.3M |
| Net change in cash | 61M | 34.2M | -76.5M | 42.7M | -11M | -76.4M |
| Free cash flow | -43.7M | -41.7M | -78.6M | -25M | -61.7M | -77.2M |
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 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 |
|---|---|---|---|---|---|---|
| Net income | 14.4M | -19.1M | -13.8M | -24.9M | -15.4M | -1.8M |
| Depreciation & amortization | 640K | 714K | 700K | 699K | 389K | 464K |
| Stock-based compensation | -249K | 459K | 939K | 865K | -353K | 183K |
| Change in working capital | -39.1M | 6.6M | -5.7M | 1.9M | 10.7M | -5.6M |
| Operating cash flow | -24.3M | -11.3M | -17.9M | -21.5M | -4.7M | -6.7M |
| Capital expenditure | -116K | -45K | -31K | -2K | -20K | 0 |
| Investing cash flow | -116K | -45K | -31K | -2K | -20K | 0 |
| Dividends paid | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — |
| Financing cash flow | -135K | -1.1M | 0 | 0 | — | — |
| Net change in cash | -24.5M | -12.5M | -17.9M | -21.5M | -4.7M | -6.7M |
| Free cash flow | -24.3M | -14.4M | -17.5M | -20.9M | 32K | -7.1M |