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 | -$0.11 | -22.2% | — | $0 | — |
| Q4 25 | -$0.12 | -$0.09 | +25.0% | — | $0 | — |
| Q3 25 | -$0.13 | -$0.13 | 0.0% | — | $0 | — |
| Q2 25 | -$0.08 | -$0.11 | -37.5% | — | $0 | — |
| Q1 25 | -$0.09 | -$0.15 | -66.7% | — | $0 | — |
| Q4 24 | -$0.09 | -$0.5 | -455.6% | — | $0 | — |
| Q3 24 | -$0.48 | -$0.65 | -35.4% | — | $0 | — |
| Q2 24 | -$0.67 | -$0.66 | +1.5% | — | $0 | — |
| Q1 24 | -$0.79 | -$0.73 | +7.6% | — | $0 | — |
| Q4 23 | -$0.85 | -$0.64 | +24.7% | — | $0 | — |
| Q3 23 | -$1.12 | -$0.86 | +23.2% | — | $0 | — |
| Q2 23 | -$0.92 | -$1.11 | -20.7% | — | $0 | — |
| Q1 23 | -$0.9 | -$0.96 | -6.7% | — | $0 | — |
| Q4 22 | -$0.19 | -$0.18 | +5.3% | — | $0 | — |
| Q3 22 | -$0.18 | -$0.18 | 0.0% | — | $0 | — |
| Q2 22 | -$0.19 | -$0.18 | +5.3% | — | $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 | — | -$0.49 | — | — | $0 | — |
| FY24 | — | -$1.16 | — | — | $0 | — |
| FY23 | — | -$3.57 | — | — | $0 | — |
| FY22 | — | -$4.28 | — | — | $0 | — |
| FY21 | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| YoY change | — | 0% | 0% | 0% | 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 23 |
|---|
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — |
| Research & development | 3.6M | 2.6M | 893.8K | 11.4M | 12M | 13.6M | 17.2M | 29.8M |
| Selling, general & administrative | 2.5M | 4.3M | 2.6M | 6.5M | 6.2M | 6.7M | 11.4M | 23.6M |
| Operating expenses | 2.1M | 5.7M | 2.8M | 14.8M | 18.1M | 20.1M | 28.6M | 53.3M |
| Operating income | -2.1M | -5.7M | -2.8M | -14.8M | -18.1M | -20.1M | -28.6M | -53.3M |
| Operating margin | — | — | — | — | — | — | — | — |
| Non-operating income, net | — | — | — | — | — | — | — | 1.4M |
| Pretax income | -2.2M | -5.7M | -2.8M | -14.8M | -18.1M | -19M | -27.5M | -48.3M |
| Income tax | — | — | — | — | — | — | — | — |
| Net income | -2.2M | -5.7M | -2.8M | -14.8M | -18.1M | -19M | -27.5M | -48.3M |
| Net margin | — | — | — | — | — | — | — | — |
| EBITDA | -2.1M | -5.7M | -2.8M | -14.8M | -18.1M | -19.9M | -28.6M | -54.7M |
| EPS | -1.29 | -3.42 | -2.1 | -4.86 | -4.28 | -3.57 | -1.16 | -0.49 |
| Diluted EPS | -1.29 | -3.42 | -2.1 | -4.86 | -4.28 | -3.57 | -1.16 | -0.49 |
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 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Research & development | 3.2M | 3M | 2.8M | 3.1M | 4.2M | 7.2M | 10.5M | 5.3M | 7.6M | 6.4M | 10.8M | 13.4M |
| Selling, general & administrative | 1.6M | 1.4M | 2M | 2M | 1.6M | 5.7M | 5.2M | 5.9M | 5.6M | 6.8M | 7.4M | 7.7M |
| Operating expenses | 4.8M | 4.4M | 4.8M | 5.1M | 5.8M | 12.9M | 15.8M | 11.2M | 13.3M | 13.1M | 18.2M | 21.1M |
| Operating income | -4.8M | -4.4M | -4.8M | -5.1M | -5.8M | -12.9M | -15.8M | -11.2M | -13.3M | -13.1M | -18.2M | -21.1M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | — | — | — | — | — | — | 1.2M | 358.4K | 492.8K | -642.2K | 1.8M | — |
| Pretax income | -4.6M | -4.2M | -4.6M | -5M | -5.8M | -12.1M | -13.7M | -9.9M | -11.9M | -12.7M | -16.4M | -19.6M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — |
| Net income | -4.6M | -4.2M | -4.6M | -5M | -5.8M | -12.1M | -13.7M | -9.9M | -11.9M | -12.7M | -16.4M | -19.6M |
| Net margin | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -4.8M | -4.4M | -4.8M | -5M | -5.8M | -12.9M | -16.9M | -11.5M | -13.7M | -12.5M | -18.6M | -21.1M |
| EPS | -0.75 | — | -0.73 | -0.66 | -0.65 | — | -0.15 | -0.11 | -0.13 | — | -0.1 | -0.11 |
| Diluted EPS | -0.75 | — | -0.73 | -0.66 | -0.65 | — | -0.15 | -0.11 | -0.13 | — | -0.1 | -0.11 |
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 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Market cap | — | — | — | — | — | — | — | — | 286M |
| Enterprise value | — | — | — | — | — | — | — | — | 216.1M |
| Shares outstanding | 1.7M | 1.7M | 1.4M | 3M | 4.2M | 5.3M | 23.7M | 98.3M | 98.3M |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | — | 3.59 |
| P/B | — | — | — | — | — | — | — | — | 2.34 |
| EV/EBITDA | — | — | — | — | — | — | — | — | -3.27 |
| Earnings yield | — | — | — | — | — | — | — | — | 27.9% |
| FCF yield | — | — | — | — | — | — | — | — | -7.72% |
| PEG | — | — | — | — | — | — | — | — | -4.75 |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | — | — | — | 0% |
| Net margin | — | — | — | — | — | — | — | — | 0% |
| ROE | 276.7% | 127.5% | -29.1% | -38.5% | -85.8% | -173.3% | -29% | -27.9% | -52% |
| ROA | -75.6% | -15K% | -19.3% | -34.8% | -72.4% | -131.2% | -27.9% | -26.6% | -32.8% |
| Return on tangible assets | -75.6% | -15K% | -19.3% | -34.8% | -72.4% | -131.2% | -27.9% | -26.6% | -37.1% |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 0.35 | 0.01 | 3.13 | 10.5 | 6.59 | 4.13 | 26.4 | 21.7 | 15.8 |
| Quick ratio | 0.35 | 0.01 | 3.13 | 10.5 | 6.59 | 4.13 | 26.4 | 21.7 | 15.8 |
| Debt / equity | -0.3 | -0.08 | 0.03 | 0.01 | 0.02 | 0.02 | 0 | — | 0 |
| Debt / assets | 0.08 | 9.77 | 0.02 | 0.01 | 0.01 | 0.02 | 0 | — | — |
| Net debt / EBITDA | 0.07 | -0.06 | 4.84 | 2.74 | 1.25 | 0.65 | 3.41 | — | 2.4 |
| Interest coverage | -70 | -229.4 | -95.9 | -741.2 | — | — | — | — | — |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (basic) | -1.29 | -3.42 | -2.1 | -4.86 | -4.28 | -3.57 | -1.16 | -0.49 | -0.49 |
| EPS (diluted) | -1.29 | -3.42 | -2.1 | -4.86 | -4.28 | -3.57 | -1.16 | -0.49 | -0.44 |
| Book value per share | -0.47 | -2.69 | 7.15 | 12.7 | 4.98 | 2.06 | 4 | 1.76 | 0.88 |
| FCF per share | 0.43 | -0.2 | -0.83 | -4.71 | -4.17 | -3.39 | -0.81 | -0.29 | -0.24 |
| Cash per share | 0.23 | 0.01 | 10.2 | 13.4 | 5.46 | 2.48 | 4.11 | 1.82 | 0.87 |
| Capex per share | — | — | — | 0 | 0.06 | 0 | 0 | — | — |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Capex / operating cash flow | — | — | — | 0% | -1.4% | -0.08% | 0% | — | — |
| Payout ratio | — | — | — | — | — | — | — | — | 0% |
| -$4.86 |
| — |
| — |
| $0 |
| — |
| FY20 | — | -$2.1 | — | — | $0 | — |
| FY19 | — | -$3.42 | — | — | $0 | — |
| FY18 | — | -$1.29 | — | — | $0 | — |
| 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 | $0 | $0 | $0 | $0 | $0 | $0 |
| YoY change | 0% | 0% | 0% | 0% | 0% | 0% | 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 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 379.6K | 18.5K | 14M | 40.8M | 23.1M | 13.3M | 97.5M | 178.8M |
| Receivables | 472.9K | 0 | 0 | 110.1K | 39.9K | 0 | — | — |
| Inventory | — | — | — | — | — | — | — | — |
| Total current assets | 1.3M | 35.4K | 14.8M | 42.5M | 24.4M | 14.2M | 98.5M | 180.1M |
| Property, plant & equipment | — | — | — | — | 236.5K | 90.3K | 47.1K | 0 |
| Goodwill & intangibles | — | — | — | — | — | — | — | — |
| Total assets | 2.8M | 38.3K | 14.8M | 42.5M | 24.9M | 14.5M | 98.6M | 181.2M |
| Accounts payable | 954.2K | 1M | 1.7M | 1.1M | 1.2M | 646.8K | 943K | 1.2M |
| Short-term debt | 233.7K | 98.4K | 42.5K | 248.9K | 145.8K | 150.1K | 110.5K | — |
| Total current liabilities | 3.6M | 4.3M | 4.7M | 4.1M | 3.7M | 3.4M | 3.7M | 8.3M |
| Long-term debt | — | 275.4K | 276.5K | 0 | 205.5K | 90.1K | 0 | — |
| Total liabilities | 3.6M | 4.5M | 5M | 4.1M | 3.9M | 3.5M | 3.7M | 8.3M |
| Shareholders' equity | -778K | -4.5M | 9.8M | 38.4M | 21M | 11M | 94.9M | 172.9M |
| Total debt | 233.7K | 373.8K | 319K | 248.9K | 351.3K | 240.2K | 110.5K | — |
| Net debt | -145.8K | 355.3K | -13.6M | -40.5M | -6.8M | -8.9M | -56.4M | — |
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 | 16.8M | 13.3M | 9.7M | 7.9M | 3.2M | 97.5M | 93.2M | 87.7M | 77.3M | 178.8M | 170.4M | 159M |
| Receivables | 0 | 0 | 0 | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 17.6M | 14.2M | 10.8M | 8.6M | 4.2M | 98.5M | 94.2M | 88.8M | 78.5M | 180.1M | 172.2M | 162.3M |
| Property, plant & equipment | 330K | 90.3K | 260.3K | 224K | 186.8K | 47.1K | 47.8K | 23.7K | 0 | 0 | — | — |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 17.9M | 14.5M | 11.1M | 8.8M | 4.4M | 98.6M | 94.3M | 88.9M | 79.6M | 181.2M | 173.3M | 163.6M |
| Accounts payable | 734.6K | 646.8K | 1.3M | 1.3M | 2.5M | 943K | 1.7M | 2.7M | 620.5K | 1.2M | 1.6M | 991.7K |
| Short-term debt | 149K | 150.1K | 151.2K | 152.2K | 145.2K | 110.5K | 74.8K | 37.9K | — | — | — | — |
| Total current liabilities | 2.7M | 3.4M | 4.2M | 3.7M | 4.9M | 3.7M | 8.6M | 8.8M | 6.7M | 8.3M | 5.7M | 10.3M |
| Long-term debt | 121K | 90.1K | 58.3K | 25.6K | 0 | 0 | — | — | — | — | — | — |
| Total liabilities | 2.9M | 3.5M | 4.3M | 3.7M | 4.9M | 3.7M | 8.6M | 8.8M | 6.7M | 8.3M | 5.7M | 10.3M |
| Shareholders' equity | 15M | 11M | 6.8M | 5.1M | -530.6K | 94.9M | 85.7M | 80.1M | 72.9M | 172.9M | 167.6M | 153.3M |
| Total debt | 270K | 240.2K | 209.5K | 177.8K | 145.2K | 110.5K | 74.8K | 37.9K | — | — | — | — |
| Net debt | -14.6M | -8.9M | -2.1M | -2.9M | -768.2K | -56.4M | -73.4M | -77.7M | — | — | — | — |
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 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Net income | -2.2M | -5.7M | -2.8M | -14.8M | -18.1M | -19M | -27.5M | -48.3M |
| Depreciation & amortization | — | — | — | 0 | 6.7K | 177.4K | 26.3K | 60.5K |
| Stock-based compensation | 642.2K | 1.4M | 573.7K | 1.5M | 458.1K | 500.1K | 8.1M | 15.3M |
| Change in working capital | 565.3K | 1.7M | 650K | -3.1M | 197.9K | -469.2K | 262.9K | 42.6K |
| Operating cash flow | -832.4K | -857.7K | -1.5M | -16.3M | -17.3M | -18.8M | -19.1M | -27.8M |
| Capital expenditure | — | — | — | 0 | -243.3K | -14.2K | 0 | — |
| Investing cash flow | 87.1K | — | — | 0 | -16M | 11.7M | -37M | 2.5M |
| Dividends paid | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — |
| Financing cash flow | -465.5K | -45.6K | 15.1M | 41M | -497.8K | 8.4M | 103.5M | 107.6M |
| Net change in cash | -1.2M | -903.3K | 13.6M | 24.7M | -33.8M | 1.3M | 47.4M | 82.3M |
| Free cash flow | 715K | -338.3K | -1.1M | -14.3M | -17.6M | -18.1M | -19.1M | -28.2M |
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 | 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 | -4.6M | -4.2M | -4.6M | -5M | -5.8M | -12.1M | -13.7M | -9.9M | -11.9M | -12.7M | -16.4M | -19.6M |
| Depreciation & amortization | 6.6K | 6.6K | 6.6K | 6.6K | 6.6K | 6.6K | 12.7K | 24.2K | 23.7K | 0 | 0 | 0 |
| Stock-based compensation | 129.8K | 122.2K | 53.4K | 30.7K | 148K | 7.9M | 2M | 4.2M | 4.5M | 4.5M | 5.6M | 5.3M |
| Change in working capital | 86.1K | -89.8K | 477.3K | 394.5K | 451.5K | -1.1M | 677.8K | 908.8K | -2M | 500.3K | 368.6K | -714.5K |
| Operating cash flow | -4.4M | -4.1M | -4.1M | -4.5M | -5.2M | -5.3M | -4.8M | -5.6M | -10.6M | -7.5M | -12.1M | -12.4M |
| Capital expenditure | 0 | 0 | — | 0 | 0 | 0 | -13.4K | — | — | — | — | — |
| Investing cash flow | 17.1M | -2.1M | -3.3M | 2.5M | 2.5M | -38.8M | 21.1M | 9.8M | -28.7M | -98.8K | -80.5M | -5.9M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 70 | 452 | 367K | 3.2M | 182K | 99.7M | 0 | 150 | 0 | 107.6M | 2.9M | 0 |
| Net change in cash | 12.7M | -6.2M | -7.1M | 1.2M | -2.5M | 55.6M | 16.3M | 4.3M | -39.3M | 100M | -89.6M | -18.4M |
| Free cash flow | -4.1M | -3.4M | -3.9M | -5.1M | -4.9M | -5.3M | -4.6M | -5.6M | -10.6M | -7.5M | -12.1M | -12.4M |