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 | -$0.09 | -$0.09 | 0.0% | — | $3.9M | — |
| Q4 25 | -$0.08 | -$0.08 | 0.0% | — | $5.3M | — |
| Q3 25 | -$0.1 | -$0.14 | -40.0% | — | $3.4M | — |
| Q2 25 | -$0.12 | -$0.12 | 0.0% | — | $2.7M | — |
| Q1 25 | -$0.12 | -$0.12 | 0.0% | — | $2.1M | — |
| Q4 24 | -$0.13 | -$0.14 | -7.7% | — | $2.3M | — |
| Q3 24 | -$0.14 | -$0.14 | 0.0% | — | $3.6M | — |
| Q2 24 | -$0.14 | -$0.14 | 0.0% | — | $3.6M | — |
| Q1 24 | -$0.15 | -$0.14 | +6.7% | — | $3.3M | — |
| Q4 23 | -$0.18 | -$0.15 | +16.7% | — | $2.7M | — |
| Q3 23 | -$0.16 | -$0.15 | +6.3% | — | $2.3M | — |
| Q2 23 | -$0.16 | -$0.15 | +6.3% | — | $3.4M | — |
| Q1 23 | -$0.13 | -$0.17 | -30.8% | — | $2.6M | — |
| Q4 22 | -$0.22 | -$0.19 | +13.6% | — | $1.4M | — |
| Q3 22 | -$0.26 | -$0.19 | +26.9% | — | $2.3M | — |
| Q2 22 | -$0.27 | -$0.33 | -22.2% | — | $1.5M | — |
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 | — | -$0.43 | — | — | $13.6M | — |
| FY24 | — | -$0.56 | — | — | $12.9M | — |
| FY23 | — | -$0.62 | — | — | $11M | — |
| FY22 | — | -$1.04 | — | — | $6.8M | — |
| FY21 | — | -$17.6 |
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 | $294K | $1.5M | $6.8M | $11M | $12.9M | $13.6M |
| YoY change | — | +InfinityT% | +408.8% | +355.5% | +61.9% | +16.8% | +5.22% |
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 | 294K | 1.5M | 6.8M | 11M | 12.9M | 13.6M |
| Cost of revenue | 0 | 771K | 2.7M | 5.9M | 6.3M | 7M | 6.8M |
| Gross profit | 0 | -477K | -1.2M | 907K | 4.8M | 5.9M | 6.8M |
| Gross margin | — | -162.2% | -78% | 13.3% | 43.1% | 45.7% | 49.8% |
| Research & development | 13.4M | 14.6M | 25.8M | 28.2M | 22.5M | 22.5M | 17.5M |
| Selling, general & administrative | 6.6M | 8.4M | 37.9M | 46.6M | 30.4M | 26.6M | 26.4M |
| Operating expenses | 20M | 23M | 63.7M | 74.8M | 52.9M | 49.1M | 43.8M |
| Operating income | -20M | -23.5M | -64.9M | -73.9M | -48.1M | -43.2M | -37.1M |
| Operating margin | — | -8K% | -4.3K% | -1.1K% | -436.1% | -335.3% | -273.4% |
| Non-operating income, net | -77K | -6K | -1K | -51K | 35K | 12K | 488K |
| Pretax income | -19.4M | -23.4M | -64.9M | -73.2M | -44.2M | -40.7M | -35.6M |
| Income tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income | -19.4M | -23.4M | -64.9M | -73.2M | -44.2M | -40.7M | -35.6M |
| Net margin | — | -8K% | -4.3K% | -1.1K% | -401% | -315.9% | -262.3% |
| EBITDA | -19.8M | -23.2M | -64.1M | -72.9M | -47.1M | -42.2M | -36.8M |
| EPS | -0.28 | -0.33 | -17.6 | -1.04 | -0.62 | -0.56 | -0.43 |
| Diluted EPS | -0.28 | -0.33 | -17.6 | -1.04 | -0.62 | -0.56 | -0.43 |
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 | 2.3M | 2.7M | 3.3M | 3.6M | 3.6M | 2.3M | 2.1M | 2.7M | 3.4M | 5.3M | 3.9M | 3.9M |
| Cost of revenue | 1.2M | 1.7M | 1.9M | 1.8M | 1.7M | 1.5M | 1.3M | 1.4M | 1.6M | 2.6M | 1.9M | 1.9M |
| Gross profit | 1.1M | 1M | 1.4M | 1.8M | 1.9M | 826K | 883K | 1.3M | 1.8M | 2.7M | 2M | 2M |
| Gross margin | 48.2% | 38.5% | 41.1% | 49.7% | 52.4% | 35.6% | 41.3% | 49.3% | 53.8% | 50.9% | 50.7% | 50.7% |
| Research & development | 5.7M | 6M | 5.6M | 6M | 5.9M | 5.1M | 5M | 4.5M | 4M | 3.8M | 3.8M | 3.9M |
| Selling, general & administrative | 7.1M | 6.7M | 6.4M | 6.7M | 7M | 6.5M | 6.7M | 6.4M | 6.7M | 6.5M | 6.7M | 6.6M |
| Operating expenses | 12.9M | 12.7M | 12M | 12.6M | 12.9M | 11.6M | 11.8M | 10.9M | 10.8M | 10.4M | 10.5M | 10.4M |
| Operating income | -11.8M | -11.6M | -10.7M | -10.8M | -11M | -10.8M | -10.9M | -9.6M | -8.9M | -7.7M | -8.6M | -8.5M |
| Operating margin | -504.7% | -432.9% | -323.2% | -298.7% | -300.9% | -463.8% | -510.2% | -355.9% | -259.5% | -144.9% | -219.3% | -216.9% |
| Non-operating income, net | -19K | 23K | 6K | 15K | 52K | -61K | 1.2M | 131K | -2.3M | 1.5M | -236K | -568K |
| Pretax income | -10.8M | -10.7M | -9.8M | -10.2M | -10.3M | -10.4M | -9.4M | -9.2M | -11M | -5.9M | -8.6M | -9.3M |
| Income tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income | -10.8M | -10.7M | -9.8M | -10.2M | -10.3M | -10.4M | -9.4M | -9.2M | -11M | -5.9M | -8.6M | -9.3M |
| Net margin | -461.7% | -397.8% | -298.9% | -279.7% | -283.4% | -447.7% | -440.7% | -342.2% | -320.6% | -111.7% | -220.9% | -238.2% |
| EBITDA | -11.5M | -11.4M | -10.4M | -10.6M | -10.7M | -10.5M | -12.3M | -9.4M | -6.3M | -8.9M | -8M | -7.9M |
| EPS | -0.15 | -0.15 | -0.14 | -0.14 | -0.14 | -0.14 | -0.12 | -0.12 | -0.14 | -0.06 | -0.09 | -0.09 |
| Diluted EPS | -0.15 | -0.15 | -0.14 | -0.14 | -0.14 | -0.14 | -0.12 | -0.12 | -0.14 | -0.06 | -0.09 | -0.09 |
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 | — | — | — | — | 79.9M | 63.7M | — | 88.7M |
| Enterprise value | — | — | — | — | 4.9M | 26.3M | — | 56.2M |
| Shares outstanding | 70M | 70M | 3.7M | 70.4M | 71.3M | 72.4M | 81.8M | 81.8M |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | -1.96 |
| P/S | — | — | — | — | 7.24 | 4.94 | — | 5.22 |
| P/B | — | — | — | — | 0.95 | 1.3 | — | 2.34 |
| EV/EBITDA | — | — | — | — | -0.1 | -0.62 | — | -1.73 |
| EV/Sales | — | — | — | — | 0.44 | 2.04 | — | 3.4 |
| Earnings yield | — | — | — | — | — | — | — | -50.9% |
| FCF yield | — | — | — | — | -53.4% | -61.4% | — | -19.4% |
| PEG | — | — | — | — | — | — | — | 0.08 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Gross margin | — | -162.2% | -78% | 13.3% | 43.1% | 45.7% | 49.8% | 50.7% |
| Operating margin | — | -8K% | -4.3K% | -1.1K% | -436.1% | -335.3% | -273.4% | -216.9% |
| Net margin | — | -8K% | -4.3K% | -1.1K% | -401% | -315.9% | -262.3% | -210.8% |
| ROE | 48.7% | 38.4% | -34.8% | -59.1% | -52.4% | -83% | -86.8% | -97% |
| ROA | -63.5% | -32.8% | -32% | -54.6% | -47% | -69.1% | -64.4% | -38.8% |
| ROIC | 30.1% | 19% | 2.9K% | -1.2K% | -511.8% | -370.6% | -601.2% | -500.7% |
| Return on tangible assets | -63.5% | -32.8% | -32% | -54.6% | -47% | -69.1% | -64.4% | -55.3% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Current ratio | 15.6 | 16.6 | 12.5 | 14.6 | 10.1 | 6.15 | 4.34 | 6.15 |
| Quick ratio | 15.6 | 16.2 | 12.3 | 14.1 | 9.39 | 5.48 | 3.73 | 5.45 |
| Debt / equity | — | -0 | — | — | 0 | 0.01 | 0.01 | 0.36 |
| Debt / assets | — | 0 | — | — | 0 | 0 | 0 | 0.21 |
| Net debt / EBITDA | — | 2.69 | — | — | 1.59 | 0.89 | 0.95 | 0.97 |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 0.41 | 0.1 | 0.15 | 0.18 | 0.17 | 0.18 |
| EPS (basic) | -0.28 | -0.33 | -17.6 | -1.04 | -0.62 | -0.56 | -0.43 | -0.43 |
| EPS (diluted) | -0.28 | -0.33 | -17.6 | -1.04 | -0.62 | -0.56 | -0.43 | -0.37 |
| Book value per share | -0.57 | -0.87 | 50.5 | 1.76 | 1.18 | 0.68 | 0.5 | 0.35 |
| FCF per share | -0.27 | -0.33 | -13.5 | -1.04 | -0.6 | -0.54 | -0.36 | -0.28 |
| Cash per share | 0.38 | 0.89 | 51.1 | 1.67 | 1.05 | 0.52 | 0.43 | 0.41 |
| Capex per share | 0 | 0.02 | 0.73 | 0.01 | 0.01 | 0.01 | — | — |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Capex / revenue | — | 533.3% | 181.2% | 8.59% | 7.29% | 2.97% | — | — |
| Capex / operating cash flow | -1.39% | -6.72% | -4.82% | -0.89% | -1.89% | -0.99% | — | — |
| Payout ratio | — | — | — | — | — | — | — | 0% |
| — |
| — |
| $1.5M |
| — |
| FY20 | — | -$0.33 | — | — | $294K | — |
| FY19 | — | -$0.28 | — | — | $0 | — |
| Q1 24 |
|---|
| Q2 24 |
|---|
| Q3 24 |
|---|
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $2.3M | $2.7M | $3.3M | $3.6M | $3.6M | $2.3M | $2.1M | $2.7M | $3.4M | $5.3M | $3.9M | $3.9M |
| YoY change | -0.77% | +88.6% | +25% | +7.39% | +56.4% | -13.6% | -35.1% | -25.8% | -5.65% | +128% | +82.6% | +44.8% |
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 | 26.4M | 62.7M | 188.5M | 117.5M | 75.2M | 37.6M | 35.1M |
| Receivables | 0 | 174K | 553K | 2.1M | 3.2M | 6M | 5.3M |
| Inventory | 0 | 1.7M | 4.3M | 4.6M | 6.6M | 5.8M | 7.1M |
| Total current assets | 28M | 68.3M | 197.5M | 128.7M | 88.9M | 53.7M | 50.9M |
| Property, plant & equipment | 489K | 1.9M | 3.8M | 3.2M | 3M | 3.1M | 2.5M |
| Goodwill & intangibles | — | — | — | — | — | — | — |
| Total assets | 30.6M | 71.5M | 202.5M | 134.1M | 94.2M | 58.9M | 55.3M |
| Accounts payable | 1.2M | 948K | 2.2M | 678K | 1.2M | 1.6M | 4.1M |
| Short-term debt | — | — | — | — | 185K | 269K | 248K |
| Total current liabilities | 1.8M | 4.1M | 15.7M | 8.8M | 8.8M | 8.7M | 11.7M |
| Long-term debt | — | 178K | — | — | — | — | — |
| Total liabilities | 70.4M | 132.6M | 16.2M | 10.3M | 9.8M | 9.9M | 14.3M |
| Shareholders' equity | -39.9M | -61.1M | 186.2M | 123.7M | 84.4M | 49M | 41M |
| Total debt | — | 178K | — | — | 185K | 269K | 248K |
| Net debt | — | -62.5M | — | — | -75M | -37.4M | -34.8M |
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 | 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 | 85.4M | 75.2M | 63.2M | 53.8M | 45.8M | 37.6M | 33.1M | 25.4M | 21.6M | 35.1M | 40.8M | 43.5M |
| Receivables | 2.4M | 3.2M | 5.3M | 5.4M | 6.8M | 6M | 5.3M | 5.1M | 4.9M | 5.3M | 3.8M | 4.2M |
| Inventory | 6.9M | 6.6M | 7.3M | 7.5M | 7M | 5.8M | 4.6M | 4.9M | 5.8M | 7.1M | 6.3M | 6.8M |
| Total current assets | 98.2M | 88.9M | 79.7M | 71M | 64.1M | 53.7M | 48.4M | 40.1M | 36.9M | 50.9M | 56M | 59.2M |
| Property, plant & equipment | 3.2M | 3M | 3.7M | 3.4M | 3.1M | 3.1M | 3.1M | 3.1M | 2.7M | 2.5M | 2.5M | 2.3M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 103.1M | 94.2M | 85.4M | 76.6M | 69.4M | 58.9M | 53.4M | 45.2M | 41.5M | 55.3M | 60.3M | 63M |
| Accounts payable | 908K | 1.2M | 2.5M | 2.2M | 1.4M | 1.6M | 2.3M | 3M | 3.7M | 4.1M | 4.6M | 2.4M |
| Short-term debt | — | 185K | 189K | 160K | 113K | 269K | 263K | 238K | 182K | 248K | 229K | 178K |
| Total current liabilities | 8.2M | 8.8M | 8.8M | 8.8M | 10M | 8.7M | 8M | 8M | 10.2M | 11.7M | 10.2M | 9.6M |
| Long-term debt | — | — | — | — | — | — | — | — | — | — | 13.1M | 13.2M |
| Total liabilities | 9.3M | 9.8M | 9.8M | 9.8M | 11.1M | 9.9M | 10.3M | 10.1M | 14.6M | 14.3M | 26M | 26.2M |
| Shareholders' equity | 93.8M | 84.4M | 75.6M | 66.8M | 58.3M | 49M | 43.1M | 35.1M | 26.9M | 41M | 34.4M | 36.8M |
| Total debt | — | 185K | 189K | 160K | 113K | 269K | 263K | 238K | 182K | 248K | 13.4M | 13.4M |
| Net debt | — | -75M | -63M | -53.6M | -45.7M | -37.4M | -32.8M | -25.2M | -21.4M | -34.8M | -27.4M | -30M |
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 | -19.4M | -23.4M | -64.9M | -73.2M | -44.2M | -40.7M | -35.6M |
| Depreciation & amortization | 141K | 289K | 726K | 1M | 1.1M | 1M | 1.1M |
| Stock-based compensation | 896K | 1.1M | 6.9M | 10.7M | 4.7M | 4.4M | 2.8M |
| Change in working capital | 858K | -1.3M | 943K | -4.7M | -4M | -3.4M | 3.7M |
| Operating cash flow | -17.5M | -23.3M | -56.2M | -66.1M | -42.4M | -38.8M | -27.9M |
| Capital expenditure | -244K | -1.6M | -2.7M | -585K | -804K | -383K | — |
| Investing cash flow | -244K | -1.6M | -2.7M | -585K | -804K | -383K | — |
| Dividends paid | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — |
| Financing cash flow | 4.7M | 60.8M | 175.3M | 0 | — | 848K | 27M |
| Net change in cash | -13.1M | 35.9M | 116.4M | -66.7M | -43.2M | -38.3M | -939K |
| Free cash flow | -18.6M | -23.1M | -49.9M | -72.9M | -42.6M | -39.1M | -29.1M |
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 | -10.8M | -10.7M | -9.8M | -10.2M | -10.3M | -10.4M | -9.4M | -9.2M | -11M | -5.9M | -8.6M | -9.3M |
| Depreciation & amortization | 278K | 263K | 263K | 253K | 259K | 234K | 229K | 283K | 297K | 281K | 274K | 264K |
| Stock-based compensation | 1.2M | 1.3M | 1M | 1.2M | 1.1M | 1.1M | 945K | 547K | 617K | 692K | 647K | 903K |
| Change in working capital | -513K | -831K | -2M | -2M | -1.6M | 2.2M | 3.3M | -1K | 977K | -606K | 1.5M | -1.3M |
| Operating cash flow | -9.8M | -10M | -10.5M | -10.7M | -10.6M | -6.9M | -4.9M | -7.9M | -5.6M | -5.2M | -9M | -7.3M |
| Capital expenditure | -263K | -258K | -145K | -71K | -159K | -8K | -472K | — | — | — | — | — |
| Investing cash flow | -263K | -258K | -145K | -71K | -159K | -8K | -472K | — | — | — | — | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | — | — | — | — | 805K | 43K | 5.5M | 470K | 2.1M | 18.9M | 14.4M | 10.6M |
| Net change in cash | -10M | -10.2M | -10.7M | -10.8M | -10M | -6.9M | 129K | -7.4M | -3.5M | 13.7M | 5.4M | 3.3M |
| Free cash flow | -9M | -10.2M | -12.7M | -9.5M | -8.7M | -8.4M | -9.7M | -8.4M | -5.7M | -5.3M | -9.3M | -7.3M |