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 % |
|---|---|---|---|---|---|---|
| Q4 26 | -$0.25 | -$0.13 | +48.0% | — | $0 | — |
| Q3 26 | -$0.11 | -$0.16 | -45.5% | — | $0 | — |
| Q1 26 | -$0.12 | -$0.29 | -141.7% | — | $0 | — |
| Q4 25 | -$0.05 | -$0.28 | -460.0% | — | $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 % |
|---|---|---|---|---|---|---|
| FY26 | — | — | — | — | $0 | — |
| FY25 | — | $0.2 | — | — | $0 | — |
| FY24 | — | -$0.76 | — | — | $0 | — |
| FY23 | — | $0.52 | — | — | $0 | — |
| FY23 | — | -$0.07 | — | — | $0 | — |
| FY22 | — | -$0.1 | — | — | $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 | FY26 |
|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $0 |
| YoY change | — | 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.
| Period | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 | Q3 26 | Q4 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 | FY26 |
|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | 613.4K | — | — | — | — |
| Gross profit | -613.4K | — | — | — | — |
| Gross margin | — | — | — | — | — |
| Research & development | 666K | — | 636.5K | 3.7M | 13.2M |
| Selling, general & administrative | 501.4K | — | 2.7M | 9.9M | 10.2M |
| Operating expenses | 1.2M | 1.7M | 3.3M | 13.6M | 23.5M |
| Operating income | -1.8M | -1.7M | -3.3M | -13.6M | -23.5M |
| Operating margin | — | — | — | — | — |
| Non-operating income, net | 130K | 6.2M | -2.4M | 18.7M | -10.3M |
| Pretax income | -1.7M | 9.7M | -5.9M | 5.2M | -33.1M |
| Income tax | 0 | 1.1M | 0 | 0 | 0 |
| Net income | -1.7M | 8.6M | -5.9M | 5.2M | -33.1M |
| Net margin | — | — | — | — | — |
| EBITDA | -1.6M | -7.8M | -448.4K | -10.7M | -12.4M |
| EPS | -0.1 | 0.52 | -0.76 | 0.2 | — |
| Diluted EPS | -0.1 | 0.52 | -0.76 | 0.17 | — |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 | Q3 26 | Q4 26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — |
| Research & development | 270K | 177.2K | 211.6K | 307.6K | 443K | 2.5M | 2.7M | 2.6M | 4.3M | 3.6M |
| Selling, general & administrative | 989K | 1.4M | 1.7M | 2.1M | 3.1M | 1.6M | 3.2M | 2.5M | 3.3M | 1.2M |
| Operating expenses | 1.3M | 1.6M | 1.9M | 2.4M | 3.6M | 4.1M | 5.9M | 5.1M | 7.6M | 4.9M |
| Operating income | -1.3M | -1.6M | -1.9M | -2.4M | -3.6M | -4.1M | -5.9M | -5.1M | -7.6M | -4.9M |
| Operating margin | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | -4M | 311.7K | -154.6K | 16.5M | -1.4M | -2.6M | -5.1M | -3.7M | 508K | -2M |
| Pretax income | -5.3M | -1.2M | -2.1M | 14.2M | -4.9M | -6.6M | -10.9M | -8.7M | -6.9M | -6.6M |
| Income tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income | -5.3M | -1.2M | -2.1M | 14.2M | -4.9M | -6.6M | -10.9M | -8.7M | -6.9M | -6.6M |
| Net margin | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -1.3M | 1.1M | -1.8M | -18.8M | -2.1M | 20M | -721K | -1.1M | -8.5M | -2.1M |
| EPS | -0.45 | — | -0.15 | 0.83 | -0.17 | — | -0.29 | -0.21 | -0.16 | — |
| Diluted EPS | -0.45 | — | -0.15 | 0.8 | -0.17 | — | -0.29 | -0.21 | -0.16 | — |
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 | FY22 | FY23 | FY24 | FY25 | FY26 | Current |
|---|---|---|---|---|---|---|
| Market cap | — | 197.8M | — | — | — | 113.6M |
| Enterprise value | — | 197.9M | — | — | — | 30.9M |
| Shares outstanding | 23.8M | 23.8M | 7.8M | 25.8M | — | — |
| Metric | FY22 | FY23 | FY24 | FY25 | FY26 | Current |
|---|---|---|---|---|---|---|
| P/E | — | 23 | — | — | — | 104.5 |
| P/B | — | 1.72 | — | — | — | 2.27 |
| EV/EBITDA | — | -25.3 | — | — | — | -1.89 |
| Earnings yield | — | 4.36% | — | — | — | 0.96% |
| FCF yield | — | -1.07% | — | — | — | -6.12% |
| PEG | — | — | — | — | — | -2.22 |
| Metric | FY22 | FY23 | FY24 | FY25 | FY26 | Current |
|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | 0% |
| Net margin | — | — | — | — | — | 0% |
| ROE | 129.4% | 7.49% | 45.5% | 200.8% | -46.5% | -89.8% |
| ROA | -142% | 7.06% | -165% | 61.8% | -39.5% | -31.8% |
| ROIC | -183% | -1.28% | 23.5% | 275.7% | 330.7% | 330.7% |
| Return on tangible assets | -142% | 7.06% | -175.9% | 64.1% | -39.6% | -39.6% |
| Metric | FY22 | FY23 | FY24 | FY25 | FY26 | Current |
|---|---|---|---|---|---|---|
| Current ratio | 0.02 | 0.12 | 3.5 | 6.16 | 22.8 | 22.8 |
| Quick ratio | 0.02 | 0.12 | 3.5 | 6.16 | 22.8 | 22.8 |
| Debt / equity | -1.76 | 0 | -0 | 0.01 | 0 | 0 |
| Debt / assets | 1.94 | 0 | 0.01 | 0 | 0 | 0 |
| Net debt / EBITDA | -1.39 | -0.02 | 2.81 | 0.7 | 6.32 | 6.32 |
| Interest coverage | -767.5 | — | — | — | — | — |
| Effective tax rate | 0% | 11.3% | 0% | 0% | 0% | 0% |
| Metric | FY22 | FY23 | FY24 | FY25 | FY26 | Current |
|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 0 | 0 | — | — |
| EPS (basic) | -0.1 | 0.52 | -0.76 | 0.2 | — | — |
| EPS (diluted) | -0.1 | 0.52 | -0.76 | 0.17 | — | -0.54 |
| Book value per share | -0.05 | 4.84 | -1.67 | 0.1 | — | 0.76 |
| FCF per share | -0.07 | -0.09 | -0.33 | -0.37 | — | -0.11 |
| Cash per share | 0 | 0 | 0.17 | 0.29 | — | 1.17 |
| Capex per share | 0 | — | 0.02 | 0.01 | — | — |
| Metric | FY22 | FY23 | FY24 | FY25 | FY26 | Current |
|---|---|---|---|---|---|---|
| Capex / operating cash flow | -2.73% | — | -2.59% | 1.92% | — | — |
| Payout ratio | — | — | — | — | — | 0% |
| Revenue |
| $0 |
| $0 |
| $0 |
| $0 |
| $0 |
| $0 |
| $0 |
| $0 |
| $0 |
| $0 |
| YoY change | — | — | — | — | 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 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash & short-term investments | 88.3K | 16.1K | 1.3M | 7.5M | 78.3M |
| Receivables | — | — | — | 96K | 798K |
| Inventory | — | — | — | — | — |
| Total current assets | 89.6K | 121.8K | 3.4M | 8.2M | 82.8M |
| Property, plant & equipment | — | — | 92.6K | 87K | 798K |
| Goodwill & intangibles | — | — | 219.9K | 304K | 304K |
| Total assets | 458.5K | 122.1M | 3.6M | 8.4M | 83.8M |
| Accounts payable | 0 | 685K | 517.1K | 679K | 2.8M |
| Short-term debt | 300K | 175K | 31.8K | 22K | 51K |
| Total current liabilities | 442.1K | 986.2K | 964.1K | 1.3M | 3.6M |
| Long-term debt | — | — | 21.7K | 8K | 21K |
| Total liabilities | 442.1K | 7.1M | 16.5M | 5.8M | 12.7M |
| Shareholders' equity | 16.3K | 115M | -13M | 2.6M | 71.1M |
| Total debt | 300K | 175K | 53.5K | 30K | 72K |
| Net debt | 211.7K | 158.9K | -1.3M | -7.5M | -78.2M |
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 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 | Q3 26 | Q4 26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 4.4M | 1.3M | 2.7M | 638.9K | 9.2M | 7.5M | 16.3M | 24.3M | 19.7M | 78.3M |
| Receivables | 127K | — | — | 16.6K | 149K | 96K | 81K | — | — | 798K |
| Inventory | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 6.6M | 3.4M | 4.3M | 1.3M | 10.1M | 8.2M | 16.7M | 24.8M | 21.1M | 82.8M |
| Property, plant & equipment | 257K | 92.6K | 106.3K | 35.3K | 90K | 87K | 171K | 643K | 698K | 798K |
| Goodwill & intangibles | — | 219.9K | 126.5K | 219K | 304K | 304K | 304K | 304K | 304K | 304K |
| Total assets | 6.8M | 3.6M | 4.4M | 1.4M | 10.3M | 8.4M | 17M | 25.6M | 21.9M | 83.8M |
| Accounts payable | 1.4M | 517.1K | 879.8K | 269.4K | 832K | 679K | 382K | 906K | 1.1M | 2.8M |
| Short-term debt | 53K | 31.8K | 25.6K | 20.9K | 21K | 22K | 23K | 19K | 14K | 51K |
| Total current liabilities | 2.3M | 964.1K | 1.1M | 460.3K | 1.4M | 1.3M | 2.1M | 3.8M | 1.4M | 3.6M |
| Long-term debt | 35K | 21.7K | 17.8K | 13.7K | 14K | 8K | 2K | 0 | 0 | 21K |
| Total liabilities | 23M | 16.5M | 20.2M | 3.1M | 3.3M | 5.8M | 6.2M | 11.2M | 7.8M | 12.7M |
| Shareholders' equity | -16.1M | -13M | -15.8M | -1.7M | 7M | 2.6M | 10.8M | 14.5M | 14.1M | 71.1M |
| Total debt | 88K | 53.5K | 43.5K | 34.6K | 35K | 30K | 25K | 19K | 14K | 72K |
| Net debt | -4.3M | -1.3M | -2.7M | -604.3K | -9.2M | -7.5M | -16.2M | -24.3M | -19.7M | -78.2M |
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 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Net income | -1.7M | 8.6M | -5.9M | 5.2M | -33.1M |
| Depreciation & amortization | 24.3K | — | 40.5K | 138K | 298K |
| Stock-based compensation | 0 | — | 47.7K | 1.5M | 7.2M |
| Change in working capital | -23.8K | 685K | -157.7K | 288K | 1.4M |
| Operating cash flow | -1.6M | 4.1M | -5.8M | 7.4M | -16.5M |
| Capital expenditure | -44.4K | — | -151.2K | -142K | — |
| Investing cash flow | -44.4K | -116.7M | -151.2K | -142K | — |
| Dividends paid | — | — | — | — | — |
| Share repurchases | — | — | — | — | — |
| Financing cash flow | 1.6M | 118.5M | 3.7M | 12.4M | 23.1M |
| Net change in cash | -74.6K | 5.8M | -2.3M | 19.7M | 6.6M |
| Free cash flow | -1.8M | -2.1M | -2.5M | -9.5M | -17.5M |
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 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 | Q3 26 | Q4 26 |
|---|---|---|---|---|---|---|---|---|---|
| Net income | -1.2M | -2.1M | 14.2M | -4.9M | -6.6M | -10.9M | -8.7M | -6.9M | -6.6M |
| Depreciation & amortization | 10.8K | 21.4K | 22.3K | 37K | 40K | 51K | 57K | 79K | 111K |
| Stock-based compensation | 7.2K | 71.2K | 13K | 71K | 1.3M | 2.4M | 357K | 4.2M | 161K |
| Change in working capital | -739.9K | 624.8K | -595.7K | 335K | -97K | -283K | 386K | 125K | 1.2M |
| Operating cash flow | -1.9M | -1.1M | 13.6M | -4.5M | -5.4M | -2.4M | -2.6M | -6.8M | -4.7M |
| Capital expenditure | -36.9K | 0 | -5K | -91K | -44K | — | — | — | — |
| Investing cash flow | -36.9K | 0 | -5K | -91K | -44K | — | — | — | — |
| Dividends paid | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 0 | 2.4M | -200.2K | 8.4M | 887K | 8.3M | 10.8M | 2.3M | -21.4M |
| Net change in cash | -2M | 1.3M | 13.4M | 3.8M | -4.5M | 5.9M | 8.2M | -4.5M | -26.1M |
| Free cash flow | -1.9M | -1.1M | -2M | -2.7M | -2.5M | -2.5M | -3.1M | -7M | -4.9M |