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 | -$0.1 | -$0.16 | -60.0% | — | $406K | — |
| Q1 26 | -$0.11 | -$0.09 | +18.2% | — | $495K | — |
| Q4 25 | -$0.13 | -$0.13 | 0.0% | — | $467K | — |
| Q3 25 | -$0.15 | -$0.11 | +26.7% | — | $753K | — |
| Q2 25 | -$0.18 | -$0.24 | -33.3% | — | $301K | — |
| Q1 25 | -$0.21 | $0.28 | +233.3% | — | $517K | — |
| Q4 24 | -$0.25 | -$0.21 | +16.0% | — | $0 | — |
| Q3 24 | -$0.24 | -$0.26 | -8.3% | — | $0 | — |
| Q2 24 | -$0.24 | -$0.48 | -100.0% | — | $0 | — |
| Q1 24 | -$0.23 | -$0.25 | -8.7% | — | $0 | — |
| Q4 23 | -$0.22 | -$0.26 | -18.2% | — | $0 | — |
| Q3 23 | -$0.25 | -$0.25 | 0.0% | — | $0 | — |
| Q2 23 | -$0.22 | -$0.18 | +18.2% | — | $0 | — |
| Q1 23 | -$0.21 | -$0.22 | -4.8% | — | $0 | — |
| Q4 22 | -$0.23 | -$0.2 | +13.0% | — | $0 | — |
| Q3 22 | -$0.22 | -$0.24 | -9.1% | — | $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 | — | -$0.26 | — | — | $2M | — |
| FY24 | — | -$1.26 | — | — | $0 | — |
| FY23 | — | -$1.07 | — | — | $0 | — |
| FY22 | — | -$0.12 | — | — | $0 | — |
| FY21 | — | -$0.66 | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $0 | $2M |
| YoY change | — | 0% | 0% | 0% | 0% | +InfinityT% |
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 |
|---|
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 2M |
| Cost of revenue | — | — | — | — | — | 9.7M |
| Gross profit | — | — | — | — | — | -7.7M |
| Gross margin | — | — | — | — | — | -376.1% |
| Research & development | 54.1M | 61.3M | 63.3M | 76.5M | 88.6M | 69.3M |
| Selling, general & administrative | 12M | 21.1M | 22.9M | 20.4M | 25.8M | 31.2M |
| Operating expenses | 64.6M | 81.2M | 84.6M | 96.9M | 114.4M | 100.5M |
| Operating income | -64.6M | -81.2M | -84.6M | -96.9M | -114.4M | -108.1M |
| Operating margin | — | — | — | — | — | -5.3K% |
| Non-operating income, net | — | 59.1M | 76.2M | -12.7M | -29.1M | 76M |
| Pretax income | -66.5M | -26.5M | -12M | -110.8M | -148.7M | -40.8M |
| Income tax | — | — | — | — | — | — |
| Net income | -66.5M | -26.5M | -12M | -110.8M | -148.7M | -40.8M |
| Net margin | — | — | — | — | — | -2K% |
| EBITDA | -56M | -73M | -73.7M | -83.8M | -103.1M | -98.2M |
| EPS | -0.65 | -0.66 | -0.12 | -1.07 | -1.26 | -0.26 |
| Diluted EPS | -0.65 | -0.66 | -0.12 | -1.07 | -1.26 | -0.26 |
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 | 0 | 0 | 0 | 0 | 0 | 517K | 301K | 753K | 467K | 495K | 406K |
| Cost of revenue | — | — | — | — | — | — | 147K | 213K | 260K | 9.1M | 2M | 1.2M |
| Gross profit | — | — | — | — | — | — | 370K | 88K | 493K | -8.6M | -1.5M | -825K |
| Gross margin | — | — | — | — | — | — | 71.6% | 29.2% | 65.5% | -1.8K% | -311.7% | -203.2% |
| Research & development | 18.6M | 20.2M | 21.3M | 23.8M | 22.9M | 20.7M | 15.4M | 22M | 17.3M | 14.6M | 19.5M | 18.1M |
| Selling, general & administrative | 6.1M | 6M | 5.3M | 5.7M | 7.3M | 7.4M | 8.1M | 7.8M | 7.6M | 7.6M | 7.9M | 8M |
| Operating expenses | 24.6M | 26.2M | 26.6M | 29.5M | 30.2M | 28.1M | 23.6M | 29.8M | 24.9M | 22.2M | 27.4M | 26.2M |
| Operating income | -24.6M | -26.2M | -26.6M | -29.5M | -30.2M | -28.1M | -23.2M | -29.7M | -24.4M | -30.8M | -28.9M | -27M |
| Operating margin | — | — | — | — | — | — | -4.5K% | -9.9K% | -3.2K% | -6.6K% | -5.8K% | -6.6K% |
| Non-operating income, net | -1.3M | 1.7M | -4.5M | -26M | -7.4M | 8.8M | 64.7M | -6.2M | 8.9M | 8.6M | 13.3M | -7.9M |
| Pretax income | -26M | -25.1M | -31.9M | -56.7M | -39.2M | -20.9M | 39.1M | -37.7M | -17.5M | -24.8M | -17.6M | -36.8M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — |
| Net income | -26M | -25.1M | -31.9M | -56.7M | -39.2M | -20.9M | 39.1M | -37.7M | -17.5M | -24.8M | -17.6M | -36.8M |
| Net margin | — | — | — | — | — | — | 7.6K% | -12.5K% | -2.3K% | -5.3K% | -3.6K% | -9.1K% |
| EBITDA | -21.4M | -23.2M | -23.8M | -26.4M | -27.5M | -25.4M | -20.7M | -27M | -21.9M | -28.5M | -26.8M | -24.8M |
| EPS | -0.25 | -0.24 | -0.29 | -0.48 | -0.33 | -0.16 | 0.28 | -0.24 | -0.11 | — | -0.09 | -0.16 |
| Diluted EPS | -0.25 | -0.24 | -0.29 | -0.48 | -0.33 | -0.16 | 0.28 | -0.24 | -0.11 | — | -0.09 | -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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Market cap | 1B | — | — | 293.7M | — | — | 152M |
| Enterprise value | 1B | — | — | 232.2M | — | — | 139M |
| Shares outstanding | 103M | 40M | 103.1M | 103.4M | 118.5M | 158.2M | 158.2M |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | -2.1 |
| P/S | — | — | — | — | — | — | 71.7 |
| P/B | -2.99 | — | — | 21.7 | — | — | 4.84 |
| EV/EBITDA | -18.5 | — | — | -2.77 | — | — | -1.35 |
| EV/Sales | — | — | — | — | — | — | 65.5 |
| Earnings yield | — | — | — | — | — | — | -47.6% |
| FCF yield | -5.33% | — | — | -25.7% | — | — | -38.4% |
| PEG | — | — | — | — | — | — | 0.06 |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Gross margin | — | — | — | — | — | -376.1% | -203.2% |
| Operating margin | — | — | — | — | — | -5.3K% | -6.6K% |
| Net margin | — | — | — | — | — | -2K% | -376.1% |
| ROE | 19% | -21.7% | -10.2% | -817.8% | 282.3% | -1.3K% | -547.9% |
| ROA | -62.4% | -9.24% | -5.86% | -86.4% | -107.9% | -35.1% | -49.9% |
| Return on tangible assets | -62.4% | -9.24% | -5.86% | -86.4% | -107.9% | -35.1% | -70.1% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Current ratio | 3.69 | 20.8 | 7.88 | 4.52 | 2.4 | 3.69 | 6.21 |
| Quick ratio | 3.69 | 20.8 | 7.88 | 4.52 | 2.4 | 2.95 | 5.74 |
| Debt / equity | -0.08 | 0.42 | 0.43 | 1.4 | -0.31 | 20.9 | 2.14 |
| Debt / assets | 0.27 | 0.18 | 0.25 | 0.15 | 0.12 | 0.56 | 0.48 |
| Net debt / EBITDA | 0.2 | 2.39 | 1.38 | 0.73 | 0.28 | -0.15 | 0.13 |
| Interest coverage | -29.2 | -5.09 | -0.93 | -15.8 | -15 | -2.63 | -8.39 |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 0 | 0 | 0 | 0.01 | 0.01 |
| EPS (basic) | -0.65 | -0.66 | -0.12 | -1.07 | -1.26 | -0.26 | -0.26 |
| EPS (diluted) | -0.65 | -0.66 | -0.12 | -1.07 | -1.26 | -0.26 | -0.51 |
| Book value per share | -3.4 | 3.06 | 1.13 | 0.13 | -0.44 | 0.02 | 0.11 |
| FCF per share | -0.54 | -2.04 | -0.7 | -0.73 | -0.84 | -0.67 | -0.42 |
| Cash per share | 0.39 | 5.64 | 1.47 | 0.78 | 0.38 | 0.32 | 0.29 |
| Capex per share | 0 | 0.01 | 0.01 | 0.02 | 0.01 | — | — |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Capex / operating cash flow | -0.5% | -0.35% | -1.45% | -2.93% | -1.63% | — | — |
| Payout ratio | — | — | — | — | — | 0% | 0% |
| — |
| $0 |
| — |
| FY20 | — | -$0.65 | — | — | $0 | — |
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $517K | $301K | $753K | $467K | $495K | $406K |
| YoY change | 0% | 0% | 0% | 0% | 0% | 0% | +InfinityT% | +InfinityT% | +InfinityT% | +InfinityT% | -4.26% | +34.9% |
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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Cash & short-term investments | 39.9M | 225.5M | 151.9M | 80.4M | 44.9M | 50.5M |
| Receivables | 113K | 176K | 31K | 0 | — | 441K |
| Inventory | — | — | — | — | — | 13.6M |
| Total current assets | 41.4M | 229.3M | 154.2M | 83.3M | 47.9M | 67.8M |
| Property, plant & equipment | 65.2M | 57.2M | 50.1M | 44.9M | 38.6M | 47.7M |
| Goodwill & intangibles | — | — | — | — | — | — |
| Total assets | 106.7M | 286.5M | 204.3M | 128.2M | 137.9M | 116.4M |
| Accounts payable | 2.3M | 2.1M | 1.6M | 6.5M | 4.5M | 5.4M |
| Short-term debt | 4.2M | 2M | 10.9M | 2.6M | 2.9M | 2.4M |
| Total current liabilities | 11.2M | 11.1M | 19.6M | 18.4M | 20M | 18.4M |
| Long-term debt | 24.6M | 49.2M | 39.2M | 16.3M | 13.6M | 62.4M |
| Total liabilities | 457M | 164.4M | 87.4M | 114.7M | 190.5M | 113.3M |
| Shareholders' equity | -350.3M | 122.2M | 116.9M | 13.5M | -52.7M | 3.1M |
| Total debt | 28.9M | 51.2M | 50.1M | 18.9M | 16.5M | 64.8M |
| Net debt | -11.1M | -166.3M | -99.7M | -61.5M | -28.4M | 14.3M |
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 | 100M | 80.4M | 115.5M | 93.6M | 20.6M | 44.9M | 62.8M | 38M | 19.5M | 50.5M | 48.5M | 79.9M |
| Receivables | 0 | 0 | — | — | — | — | 488K | 394K | 1.1M | 441K | 434K | 330K |
| Inventory | — | — | — | — | — | — | 8M | 11.1M | 18.4M | 13.6M | 9.9M | 7M |
| Total current assets | 102.9M | 83.3M | 117.9M | 96.1M | 23M | 47.9M | 73.7M | 51.7M | 41.4M | 67.8M | 63.6M | 92.8M |
| Property, plant & equipment | 45.7M | 44.9M | 42.7M | 41.4M | 40.3M | 38.6M | 37.4M | 35.6M | 49.3M | 47.7M | 46.1M | 44.4M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 149.4M | 128.2M | 161.5M | 138.3M | 114.8M | 137.9M | 162.6M | 138.8M | 91.5M | 116.4M | 110.6M | 138.1M |
| Accounts payable | 3M | 6.5M | 3.5M | 6M | 6.9M | 4.5M | 5.6M | 6.6M | 9.6M | 5.4M | 5.1M | 4.2M |
| Short-term debt | 2.5M | 2.6M | 2.7M | 2.8M | 2.9M | 2.9M | 3M | 3.1M | 2.7M | 2.4M | 2.4M | 1.5M |
| Total current liabilities | 15.1M | 18.4M | 14.1M | 17.8M | 20.9M | 20M | 20M | 21.1M | 25.6M | 18.4M | 16.2M | 14.9M |
| Long-term debt | 17M | 16.3M | 15.8M | 15.1M | 14.4M | 13.6M | 12.8M | 12M | 27.2M | 62.4M | 63.5M | 64.7M |
| Total liabilities | 112.4M | 114.7M | 135.3M | 166.6M | 178.5M | 190.5M | 126.5M | 134.7M | 96.3M | 113.3M | 98.9M | 106.8M |
| Shareholders' equity | 37M | 13.5M | 26.2M | -28.3M | -63.7M | -52.7M | 36M | 4.1M | -4.8M | 3.1M | 11.6M | 31.3M |
| Total debt | 19.5M | 18.9M | 18.6M | 17.9M | 17.3M | 16.5M | 15.8M | 15.1M | 29.8M | 64.8M | 65.9M | 66.2M |
| Net debt | -80.5M | -61.5M | -96.9M | -75.6M | -3.3M | -28.4M | -47M | -22.9M | 10.3M | 14.3M | 17.4M | -13.7M |
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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Net income | -66.5M | -26.5M | -12M | -110.8M | -148.7M | -40.8M |
| Depreciation & amortization | 8.4M | 8.2M | 8.2M | 7.7M | 7.2M | 7.3M |
| Stock-based compensation | 4.7M | 10.1M | 6.2M | 6.8M | 6.1M | 9.8M |
| Change in working capital | -194K | -418K | -582K | 4.8M | -2M | -21.2M |
| Operating cash flow | -53.6M | -63.3M | -72.3M | -77.8M | -96.5M | -105M |
| Capital expenditure | -268K | -220K | -1M | -2.3M | -1.6M | — |
| Investing cash flow | -268K | -8.2M | 4.8M | -173K | -1.6M | — |
| Dividends paid | — | — | — | — | — | 0 |
| Share repurchases | — | — | — | — | — | — |
| Financing cash flow | 1.8M | 266.4M | -2M | 3.9M | 105.9M | 51.5M |
| Net change in cash | -52.1M | 194.9M | -69.5M | -74M | 7.8M | -53.5M |
| Free cash flow | -55.9M | -81.4M | -72.2M | -75.6M | -99.7M | -105.9M |
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 | 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 | -26M | -25.1M | -31.9M | -56.7M | -39.2M | -20.9M | 39.1M | -37.7M | -17.5M | -24.8M | -17.6M | -36.8M |
| Depreciation & amortization | 1.8M | 1.8M | 1.8M | 1.8M | 1.8M | 1.8M | 1.8M | 1.9M | 1.9M | 1.8M | 1.8M | 1.8M |
| Stock-based compensation | 1.8M | 1.4M | 1.5M | 1.4M | 1.6M | 1.7M | 2.5M | 2.3M | 2.5M | 2.5M | 3.2M | 2.6M |
| Change in working capital | 513K | 3.5M | -3M | 2.3M | 1.1M | -2.5M | -7.7M | -1.4M | -5M | -7.1M | 2.3M | 1.5M |
| Operating cash flow | -19.7M | -18.7M | -25.6M | -23.4M | -24.2M | -23.3M | -11.8M | -26.4M | -23.9M | -26.1M | -25.1M | -22.1M |
| Capital expenditure | -493K | -150K | -391K | -184K | -934K | -63K | -228K | — | — | — | — | — |
| Investing cash flow | -493K | -150K | -391K | -184K | -934K | -63K | -228K | — | — | — | — | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | 0 | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | -863K | -588K | 62.8M | -1.3M | 354K | 44M | 46.3M | -727K | -40.9M | 7.5M | 18.7M | 53.5M |
| Net change in cash | -21M | -19.5M | 36.8M | -24.9M | -24.8M | 20.6M | 34.3M | -27.1M | -64.8M | -18.7M | -6.4M | 31.4M |
| Free cash flow | -13.5M | -19.2M | -27.7M | -21.5M | -23.8M | -26.6M | -28.8M | -27M | -24M | -26.2M | -25.3M | -22.2M |