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 | -$0.18 | -$0.18 | 0.0% | — | $0 | — |
| Q4 25 | -$0.16 | -$0.28 | -75.0% | — | $0 | — |
| Q3 25 | -$0.19 | -$0.24 | -26.3% | — | $0 | — |
| Q2 25 | -$0.16 | -$0.22 | -37.5% | — | — | — |
| Q1 25 | -$0.23 | -$0.15 | +34.8% | — | — | — |
| Q4 24 | -$0.25 | -$0.15 | +40.0% | — | — | — |
| Q3 24 | -$0.16 | -$0.24 | -50.0% | — | — | — |
| Q2 24 | -$0.21 | -$0.15 | +28.6% | — | — | — |
| Q1 24 | -$0.23 | -$0.22 | +4.3% | — | — | — |
| Q4 23 | -$0.23 | -$0.24 | -4.3% | — | — | — |
| Q3 23 | -$0.23 | -$0.23 | 0.0% | — | — | — |
| Q2 23 | -$0.17 | -$0.24 | -41.2% | — | $0 | — |
| Q1 23 | -$0.14 | -$0.18 | -28.6% | — | $0 | — |
| Q4 22 | -$0.22 | -$0.27 | -22.7% | — | $0 | — |
| Q3 22 | — | -$0.11 | — | — | $0 | — |
| Q2 22 | — | -$0.11 | — | — | $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 | — | -$0.89 | — | — | $0 | — |
| FY24 | — | -$0.76 | — | — | $0 | — |
| FY23 | — | -$0.89 | — | — | $0 | — |
| FY22 | — | -$0.59 | — | — | $0 | — |
| FY21 | — | -$6.64 |
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 | $0 | $0 | $0 | $0 | $0 | $0 |
| YoY change | — | 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 | Q4 23 | Q1 24 | Q2 24 |
|---|
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 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — |
| Research & development | 583.2K | 248.1K | 126.5K | 4.2M | 8.7M | 11.3M | 16.3M |
| Selling, general & administrative | 259.3K | 205.7K | 1.2M | 4M | 7.4M | 11.4M | 13.7M |
| Operating expenses | 842.5K | 453.9K | 1.4M | 8.2M | 16.1M | 22.7M | 30M |
| Operating income | -842.5K | -453.9K | -1.4M | -8.2M | -16.1M | -22.7M | -30M |
| Operating margin | — | — | — | — | — | — | — |
| Non-operating income, net | 224 | -574.5K | -22.8M | — | — | — | — |
| Pretax income | -952.3K | -1.1M | -24.4M | -8.2M | -15.6M | -21.7M | -29.4M |
| Income tax | 20.6K | 17.5K | 6K | 10.3K | 26.4K | 41K | 37.7K |
| Net income | -972.8K | -1.1M | -24.4M | -8.2M | -15.6M | -21.7M | -29.4M |
| Net margin | — | — | — | — | — | — | — |
| EBITDA | -841.2K | -451K | -1.3M | -8.2M | -15.6M | -22.6M | -29.6M |
| EPS | -0.12 | -0.13 | -6.64 | -0.59 | -0.89 | -0.76 | -0.89 |
| Diluted EPS | -0.12 | -0.13 | -6.64 | -0.59 | -0.89 | -0.76 | -0.89 |
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 |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Research & development | — | — | — | — | — | — | — | — | 4.6M | 5.7M | 6M | 5.3M |
| Selling, general & administrative | — | — | — | — | — | — | — | — | 3.1M | 5.2M | 4.8M | 7.1M |
| Operating expenses | — | — | — | — | — | — | — | — | 7.7M | 10.9M | 10.8M | 12.5M |
| Operating income | — | — | — | — | — | — | — | — | -7.7M | -10.9M | -10.8M | -12.5M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | — | — | — | — | — | — | — | — | — | — | — | — |
| Pretax income | — | — | — | — | — | — | — | — | -7.6M | -10.7M | -10.1M | -11.5M |
| Income tax | 6.8K | 8.1K | 8.8K | 10.3K | 11.1K | 10.8K | 9.8K | 8.9K | 7.7K | 11.3K | 0 | 14.3K |
| Net income | — | — | — | — | — | — | — | — | -7.6M | -10.7M | -10.1M | -11.6M |
| Net margin | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA | — | — | — | — | — | — | — | — | -7.5M | -10.8M | -10.7M | -12.3M |
| EPS | -0.23 | — | -0.22 | -0.15 | -0.24 | — | -0.15 | -0.22 | -0.24 | — | -0.18 | -0.18 |
| Diluted EPS | -0.23 | — | -0.22 | -0.15 | -0.24 | — | -0.15 | -0.22 | -0.24 | — | -0.18 | -0.18 |
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 | — | — | — | — | — | — | — | 820.6M |
| Enterprise value | — | — | — | — | — | — | — | 553.7M |
| Shares outstanding | 8.4M | 8.8M | 3.7M | 13.9M | 17.3M | 28.3M | 33M | 33M |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | -12.9 |
| P/B | — | — | — | — | — | — | — | 3.69 |
| EV/EBITDA | — | — | — | — | — | — | — | -13.3 |
| Earnings yield | — | — | — | — | — | — | — | -7.75% |
| FCF yield | — | — | — | — | — | — | — | -3.09% |
| PEG | — | — | — | — | — | — | — | 0.71 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | — | — | 0% |
| Net margin | — | — | — | — | — | — | — | 0% |
| ROE | 26.7% | 24.3% | -135.5% | -62.5% | -96.2% | -163.7% | -31.4% | -34.2% |
| ROA | -103.2% | -212.7% | -134% | -55.2% | -78.3% | -94.6% | -28.1% | -20.5% |
| ROIC | 300.5% | 44.4% | -341.8% | 3K% | 1.2K% | 675.6% | 540.7% | 1.9K% |
| Return on tangible assets | -103.2% | -212.7% | -134% | -55.2% | -78.3% | -94.6% | -28.1% | -16.7% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Current ratio | 0.2 | 0.1 | 90 | 11.7 | 5.32 | 2.33 | 10 | 25.1 |
| Quick ratio | 0.2 | 0.1 | 90 | 11.7 | 5.32 | 2.33 | 10 | 25.1 |
| Debt / equity | -1.12 | -0.87 | 0 | — | — | 0.08 | 0.01 | 0 |
| Debt / assets | 4.35 | 7.6 | 0 | — | — | 0.05 | 0.01 | 0 |
| Net debt / EBITDA | -4 | -8.22 | 13 | — | — | 0.74 | 3.36 | 5.59 |
| Interest coverage | -7.66 | -10.1 | -134.5 | -16.5K | — | — | — | — |
| 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 | 0 | 0 | 0 | 0 | 0 |
| EPS (basic) | -0.12 | -0.13 | -6.64 | -0.59 | -0.89 | -0.76 | -0.89 | -0.89 |
| EPS (diluted) | -0.12 | -0.13 | -6.64 | -0.59 | -0.89 | -0.76 | -0.89 | -0.88 |
| Book value per share | -0.43 | -0.54 | 4.9 | 0.95 | 0.93 | 0.47 | 2.85 | 3.2 |
| FCF per share | -0.09 | -0.05 | -0.43 | -0.53 | -0.66 | -0.56 | -0.75 | -0.61 |
| Cash per share | 0.09 | 0.04 | 4.8 | 0.97 | 1.01 | 0.63 | 3.05 | 3.24 |
| Capex per share | 0 | 0 | 0 | 0 | 0 | 0.04 | — | — |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Capex / operating cash flow | -0.83% | 0% | -0% | 0% | -0.45% | -7.77% | — | — |
| Payout ratio | — | — | — | — | — | — | — | 0% |
| — |
| — |
| $0 |
| — |
| FY20 | — | -$0.13 | — | — | $0 | — |
| FY19 | — | -$0.12 | — | — | $0 | — |
| Q3 24 |
|---|
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | — | — | — | — | — | — | — | — | $0 | $0 | $0 | $0 |
| 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 | FY25 |
|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 734K | 391.1K | 17.6M | 13.4M | 17.5M | 17.7M | 100.4M |
| Receivables | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — |
| Total current assets | 933.3K | 532.2K | 18.2M | 14.9M | 19.8M | 20.2M | 101.2M |
| Property, plant & equipment | 9.7K | 7.4K | 5.7K | 3.6K | 50.2K | 1.7M | 2.5M |
| Goodwill & intangibles | — | — | — | — | — | — | — |
| Total assets | 942.9K | 539.6K | 18.2M | 14.9M | 19.9M | 22.9M | 104.8M |
| Accounts payable | 247.5K | 252.3K | 142.9K | 143.1K | 1.4M | 5.4M | 5.4M |
| Short-term debt | 4.1M | 4.1M | 50K | — | — | 65.2K | 139.3K |
| Total current liabilities | 4.6M | 5.3M | 202K | 1.3M | 3.7M | 8.7M | 10.1M |
| Long-term debt | — | — | — | — | — | 1M | 933.6K |
| Total liabilities | 4.6M | 5.3M | 202K | 1.7M | 3.7M | 9.7M | 11M |
| Shareholders' equity | -3.6M | -4.7M | 18M | 13.2M | 16.2M | 13.3M | 93.8M |
| Total debt | 4.1M | 4.1M | 50K | — | — | 1.1M | 1.1M |
| Net debt | 3.4M | 3.7M | -17.6M | — | — | -16.6M | -92.9M |
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 | 19.6M | 17.5M | 29.3M | 24M | 19.7M | 17.7M | 15.9M | 11.6M | 15.9M | 100.4M | 90.6M | 232.1M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 22.3M | 19.8M | 32.9M | 27.3M | 22.8M | 20.2M | 16.8M | 12.3M | 16.6M | 101.2M | 92.3M | 233.8M |
| Property, plant & equipment | 40.1K | 50.2K | 360.8K | 454K | 1.4M | 1.7M | 2.1M | 2.2M | 2.4M | 2.5M | 2.4M | 2.4M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 22.5M | 19.9M | 34.3M | 28.8M | 25.1M | 22.9M | 19.9M | 15.6M | 20.1M | 104.8M | 95.8M | 239.1M |
| Accounts payable | — | 1.4M | 3.5M | 2.3M | 3.3M | 5.4M | 5.7M | 6.6M | 7.1M | 5.4M | 4.7M | 5.3M |
| Short-term debt | — | — | 34.3K | 48.4K | 62.7K | 65.2K | 67.8K | 70.5K | 141.3K | 139.3K | 125.4K | 111.1K |
| Total current liabilities | 2.8M | 3.7M | 5.7M | 3.9M | 6.6M | 8.7M | 9.3M | 10M | 10.9M | 10.1M | 10.5M | 9.3M |
| Long-term debt | — | — | 1.1M | 1M | 1M | 1M | 991.1K | 972.3K | 965.1K | 933.6K | 912.3K | 890.6K |
| Total liabilities | 2.8M | 3.7M | 6.7M | 4.9M | 7.6M | 9.7M | 10.3M | 11M | 11.8M | 11M | 11.5M | 10.2M |
| Shareholders' equity | 19.6M | 16.2M | 27.6M | 23.9M | 17.6M | 13.3M | 9.6M | 4.7M | 8.3M | 93.8M | 84.4M | 228.9M |
| Total debt | — | — | 1.1M | 1.1M | 1.1M | 1.1M | 1.1M | 1M | 1.1M | 1.1M | 1M | 1M |
| Net debt | — | — | -28.2M | -22.9M | -18.6M | -16.6M | -14.9M | -10.6M | -14.8M | -92.9M | -78.2M | -224.5M |
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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Net income | -972.8K | -1.1M | -24.4M | -8.2M | -15.6M | -21.7M | -29.4M |
| Depreciation & amortization | 1.1K | 2.3K | 2.5K | 2.1K | 5.5K | 115.4K | 364.5K |
| Stock-based compensation | — | 0 | 219K | 624.1K | 2.6M | 3M | 2.4M |
| Change in working capital | 86.7K | 54.7K | -8.4K | 895.4K | 1.5M | 3.4M | 3M |
| Operating cash flow | -885.1K | -1.1M | -24.1M | -6.6M | -11.5M | -15.1M | -23.9M |
| Capital expenditure | -7.3K | 0 | -802 | 0 | -52.1K | -1.2M | — |
| Investing cash flow | -7.3K | 0 | -802 | 0 | -52.1K | -1.2M | -6.5M |
| Dividends paid | — | — | — | — | — | — | — |
| Share repurchases | — | — | 0 | -100K | 0 | — | — |
| Financing cash flow | 1.1M | 0 | 19M | 3.2M | 15.5M | 15.9M | 107.3M |
| Net change in cash | 157.6K | -1.1M | -5M | -3.4M | 3.9M | -381.5K | 76.8M |
| Free cash flow | -797.3K | -404.7K | -1.6M | -7.4M | -11.4M | -15.8M | -24.7M |
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 | 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 | — | -5.2M | -5.3M | -4.4M | -7.1M | -4.8M | -4.5M | -6.6M | -7.6M | -10.7M | -10.1M | -11.6M |
| Depreciation & amortization | — | 3.1K | 23.9K | 24.3K | 25.9K | 41.3K | 59.2K | 79.8K | 134.9K | 90.6K | 130.8K | 130.9K |
| Stock-based compensation | — | 1.1M | 943.3K | 637.9K | 733.8K | 705.7K | 868.4K | 532.2K | 470.5K | 570.8K | 575.6K | 978.1K |
| Change in working capital | — | 388.3K | -910.6K | 94.2K | 66.4K | -239.1K | 2M | 5.8K | -11.1K | -21K | -36K | -35.3K |
| Operating cash flow | — | -3.7M | -5.3M | -3.6M | -6.3M | -4.3M | -1.6M | -5.3M | -5.9M | -11M | -9.8M | -11.7M |
| Capital expenditure | — | -13.2K | -301.9K | -97.1K | -271.5K | -507.2K | -67.7K | — | — | — | — | — |
| Investing cash flow | — | -13.2K | -301.9K | -97.1K | -271.5K | -507.2K | -67.7K | — | — | — | -4.8M | 2.7M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | 0 | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | — | 584.1K | 15.9M | 0 | 0 | 0 | 0 | 1.1M | 10.8M | 95.5M | -71.1K | — |
| Net change in cash | — | -3.1M | 10.4M | -3.7M | -6.6M | -4.8M | -1.7M | -4.2M | 4.9M | 84.5M | -14.7M | -9M |
| Free cash flow | — | -2.7M | -4.1M | -5.4M | -4.3M | -2M | -1.8M | -5.4M | -6.3M | -11.2M | -9.9M | -11.8M |