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 | -$0.27 | -$0.27 | 0.0% | — | $0 | — |
| Q1 26 | -$0.25 | -$0.21 | +16.0% | — | $0 | — |
| Q4 25 | -$0.31 | -$0.18 | +41.9% | — | $0 | — |
| Q2 25 | -$0.4 | -$0.4 | 0.0% | — | $0 | — |
| Q1 25 | -$0.58 | -$0.42 | +27.6% | — | $0 | — |
| Q4 24 | -$0.44 | -$0.58 | -31.8% | — | $0 | — |
| Q3 24 | -$0.55 | -$0.49 | +10.9% | — | $0 | — |
| Q2 24 | -$0.53 | -$0.47 | +11.3% | — | $0 | — |
| Q1 24 | -$0.5 | -$0.49 | +2.0% | — | $0 | — |
| Q4 23 | -$0.48 | -$0.52 | -8.3% | — | $0 | — |
| Q3 23 | -$0.49 | -$0.43 | +12.2% | — | $0 | — |
| Q2 23 | -$0.53 | -$0.43 | +18.9% | — | $0 | — |
| Q1 23 | -$0.56 | -$0.51 | +8.9% | — | $0 | — |
| Q4 22 | -$0.58 | -$0.5 | +13.8% | — | $455 | — |
| Q3 22 | -$0.48 | -$0.49 | -2.1% | — | $38.4K | — |
| Q2 22 | -$0.52 | -$0.44 | +15.4% | — | $94.4K | — |
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 | — | -$1.27 | — | — | $0 | — |
| FY24 | — | -$2.04 | — | — | $0 | — |
| FY23 | — | -$1.88 | — | — | $0 | — |
| FY22 | — | -$1.91 | — | — | $317K | — |
| FY21 | — | -$2.46 |
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 | $1.9M | $2.3M | $2.1M | $317K | $0 | $0 | $0 |
| YoY change | — | +20.4% | -10% | -84.8% | -100% | 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 |
|---|
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 | 1.9M | 2.3M | 2.1M | 317K | 0 | 0 | 0 |
| Cost of revenue | 1.2M | 1.3M | 1.2M | 158.1K | 0 | — | — |
| Gross profit | 696.7K | 1M | 926.9K | 158.8K | 0 | — | — |
| Gross margin | 36.3% | 44.6% | 44.6% | 50.1% | — | — | — |
| Research & development | 4.3M | 15M | 26.5M | 36.3M | 41.6M | 48M | 42M |
| Selling, general & administrative | 2.7M | 3.1M | 8.3M | 15.6M | 16.8M | 16.1M | 17.3M |
| Operating expenses | 7M | 18.1M | 34.8M | 51.9M | 58.4M | 64M | 59.3M |
| Operating income | -6.3M | -17.1M | -33.9M | -51.7M | -58.4M | -64.1M | -59.4M |
| Operating margin | -327.7% | -739% | -1.6K% | -16.3K% | — | — | — |
| Non-operating income, net | — | — | -127.1K | 216.8K | 1.3M | 441.5K | 311.7K |
| Pretax income | -7.7M | -17M | -33.8M | -50.5M | -53.5M | -61M | -56M |
| Income tax | — | — | -307.5K | 0 | — | — | — |
| Net income | -7.7M | -17M | -33.5M | -50.5M | -53.5M | -61M | -56M |
| Net margin | -401.6% | -737.2% | -1.6K% | -15.9K% | — | — | — |
| EBITDA | -7.3M | -17M | -33.7M | -51.5M | -58.1M | -63.7M | -59M |
| EPS | -0.9 | -1.26 | -2.46 | -1.91 | -1.88 | -2.04 | -1.27 |
| Diluted EPS | -0.9 | -1.26 | -2.46 | -1.91 | -1.88 | -2.04 | -1.27 |
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 | 0 | 0 | — | — | — | — | — | — | — | — | — | — |
| Gross profit | 0 | 0 | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Research & development | 10.1M | 11.9M | 11.2M | 10.7M | 11.3M | 14.9M | 11.5M | 10.5M | 10.9M | 9.3M | 10.6M | 14M |
| Selling, general & administrative | 3.9M | 4.4M | 4.1M | 4.3M | 4M | 3.7M | 4M | 4.3M | 4.5M | 4.5M | 4.7M | 5M |
| Operating expenses | 13.9M | 16.3M | 15.3M | 14.9M | 15.3M | 18.6M | 15.5M | 14.8M | 15.4M | 13.7M | 15.3M | 19M |
| Operating income | -13.9M | -16.3M | -15.3M | -14.9M | -15.3M | -18.6M | -15.5M | -14.8M | -15.4M | -13.8M | -15.3M | -19M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | 475.6K | 464.4K | 213K | 7.7K | 129.3K | 91.4K | — | — | — | — | 513.7K | 647.2K |
| Pretax income | -12.6M | -15.1M | -14.3M | -14.1M | -14.6M | -18.1M | -15M | -14.4M | -15M | -11.6M | -13.5M | -17.3M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — |
| Net income | -12.6M | -15.1M | -14.3M | -14.1M | -14.6M | -18.1M | -15M | -14.4M | -15M | -11.6M | -13.5M | -17.3M |
| Net margin | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -13.8M | -16.2M | -15.2M | -14.8M | -15.2M | -18.5M | -15.4M | -14.7M | -15.3M | -13.7M | -15.2M | -18.9M |
| EPS | -0.43 | — | -0.49 | -0.47 | -0.49 | -0.58 | -0.42 | -0.4 | -0.38 | -0.18 | -0.21 | -0.27 |
| Diluted EPS | -0.43 | — | -0.49 | -0.47 | -0.49 | -0.58 | -0.42 | -0.4 | -0.38 | -0.18 | -0.21 | -0.27 |
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 | — | — | 220.1M | — | 208.9M | 66M | — | 269.1M |
| Enterprise value | — | — | 76.3M | — | 127.7M | 34M | — | 130M |
| Shares outstanding | 8.6M | 13.5M | 13.6M | 26.4M | 28.4M | 30M | 44M | 44M |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | -3.28 |
| P/S | — | — | 105.8 | — | — | — | — | — |
| P/B | — | — | 1.41 | — | 2.31 | 1.59 | — | 1.45 |
| EV/EBITDA | — | — | -2.26 | — | -2.2 | -0.53 | — | -2.06 |
| EV/Sales | — | — | 36.7 | — | — | — | — | — |
| Earnings yield | — | — | — | — | — | — | — | -30.5% |
| FCF yield | — | — | -14% | — | -23.6% | -83.5% | — | -14.6% |
| PEG | — | — | — | — | — | — | — | 0.1 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Gross margin | 36.3% | 44.6% | 44.6% | 50.1% | — | — | — | — |
| Operating margin | -327.7% | -739% | -1.6K% | -16.3K% | — | — | — | 0% |
| Net margin | -401.6% | -737.2% | -1.6K% | -15.9K% | — | — | — | 0% |
| ROE | 118.1% | 75.8% | -21.5% | -46% | -59% | -147.5% | -25.6% | -52.1% |
| ROA | -54.7% | -44.3% | -20.1% | -41.3% | -52.1% | -115.8% | -24.2% | -32.8% |
| ROIC | — | — | -279% | -564.5% | — | — | — | — |
| Return on tangible assets | -54.7% | -44.3% | -22% | -46.7% | -60.5% | -158% | -25.7% | -30.5% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Current ratio | 27.8 | 16.7 | 27 | 13.5 | 11.4 | 5.28 | 17.5 | 19.5 |
| Quick ratio | 27.8 | 16.7 | 27 | 13.5 | 11.4 | 5.28 | 17.5 | 19.5 |
| Debt / equity | 0 | -0.03 | 0.03 | 0.04 | 0.05 | 0.1 | 0.02 | 0.02 |
| Debt / assets | 0 | 0.02 | 0.03 | 0.04 | 0.04 | 0.08 | 0.02 | 0.02 |
| Net debt / EBITDA | 1.88 | 2.14 | 4.26 | 1.96 | 1.4 | 0.5 | 2.86 | 2.32 |
| Interest coverage | -20.9 | — | — | — | — | — | — | — |
| Effective tax rate | — | — | 0% | 0% | — | — | — | — |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0.22 | 0.17 | 0.15 | 0.01 | 0 | 0 | 0 | 0 |
| EPS (basic) | -0.9 | -1.26 | -2.46 | -1.91 | -1.88 | -2.04 | -1.27 | -1.27 |
| EPS (diluted) | -0.9 | -1.26 | -2.46 | -1.91 | -1.88 | -2.04 | -1.27 | -0.93 |
| Book value per share | -0.76 | -1.66 | 11.5 | 4.16 | 3.19 | 1.38 | 4.96 | 2.95 |
| FCF per share | -0.52 | -1.09 | -2.27 | -1.7 | -1.74 | -1.84 | -1.03 | -0.88 |
| Cash per share | 1.61 | 2.75 | 11 | 4 | 3.01 | 1.21 | 3.93 | 2.32 |
| Capex per share | 0 | 0 | 0 | 0.03 | 0.01 | 0 | — | — |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Capex / revenue | 1.07% | 2.31% | 2.92% | 234.3% | — | — | — | — |
| Capex / operating cash flow | -0.39% | -0.36% | -0.19% | -1.66% | -0.7% | -0.15% | — | — |
| Payout ratio | — | — | — | — | — | — | — | 0% |
| — |
| — |
| $2.1M |
| — |
| FY20 | — | -$1.26 | — | — | $2.3M | — |
| FY19 | — | -$0.9 | — | — | $1.9M | — |
| 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 | -100% | -100% | 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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 13.8M | 37.1M | 149.2M | 105.5M | 85.7M | 36.1M | 172.8M |
| Receivables | 209.9K | 500.1K | 246K | 12.4K | 0 | — | — |
| Inventory | — | — | — | — | — | — | — |
| Total current assets | 14.1M | 37.7M | 152.3M | 108.7M | 89.1M | 39.6M | 176.2M |
| Property, plant & equipment | 35.3K | 677.5K | 6.1M | 5.8M | 5.4M | 4.8M | 4.3M |
| Goodwill & intangibles | — | 0 | 14.3M | 14.2M | 14.1M | 14.1M | 14M |
| Total assets | 14.1M | 38.4M | 166.7M | 122.4M | 102.6M | 52.7M | 232M |
| Accounts payable | 294.9K | 1.5M | 1.4M | 3.2M | 2.1M | 2M | 1.5M |
| Short-term debt | — | 76.3K | 274K | 378.7K | 300.1K | 338.4K | 397.1K |
| Total current liabilities | 505.3K | 2.3M | 5.6M | 8.1M | 7.8M | 7.5M | 10.1M |
| Long-term debt | 0 | 544.8K | 5.1M | 4.5M | 4.2M | 3.8M | 3.4M |
| Total liabilities | 20.6M | 60.9M | 10.7M | 12.5M | 12M | 11.3M | 13.5M |
| Shareholders' equity | -6.5M | -22.5M | 156M | 109.9M | 90.6M | 41.4M | 218.5M |
| Total debt | 0 | 621.1K | 5.4M | 4.8M | 4.5M | 4.2M | 3.8M |
| Net debt | -13.8M | -36.5M | -69.5M | -67.8M | -54.9M | -32M | -124.8M |
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 | — | — | — | — | — | — | — | — | 227.6M | 172.8M | 156.7M | 149.9M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | — | — | — | — | — | — | — | — | 229.1M | 176.2M | 161.4M | 158M |
| Property, plant & equipment | — | — | — | — | — | — | — | — | 4.3M | 4.3M | 4.2M | 4M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | 14M | 14M | 14M | 14M |
| Total assets | — | — | — | — | — | — | — | — | 241.1M | 232M | 214.8M | 202.1M |
| Accounts payable | — | — | — | — | — | — | — | — | 1.6M | 1.5M | 1.5M | 3.4M |
| Short-term debt | — | — | — | — | — | — | — | — | 381.8K | 397.1K | 412.8K | 429K |
| Total current liabilities | — | — | — | — | — | — | — | — | 9.5M | 10.1M | 5M | 8.1M |
| Long-term debt | — | — | — | — | — | — | — | — | 3.5M | 3.4M | 3.3M | 3.2M |
| Total liabilities | — | — | — | — | — | — | — | — | 13.1M | 13.5M | 8.3M | 11.3M |
| Shareholders' equity | — | — | — | — | — | — | — | — | 228M | 218.5M | 206.5M | 190.7M |
| Total debt | — | — | — | — | — | — | — | — | 3.9M | 3.8M | 3.7M | 3.6M |
| Net debt | — | — | — | — | — | — | — | — | -223.6M | -124.8M | -43.6M | -37.7M |
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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Net income | -7.7M | -17M | -33.5M | -50.5M | -53.5M | -61M | -56M |
| Depreciation & amortization | 18.1K | 79.3K | 159.1K | 277.3K | 352.1K | 385.1K | 353.8K |
| Stock-based compensation | 596.6K | 1.1M | 1.8M | 4.1M | 5.7M | 6.5M | 6.3M |
| Change in working capital | 419.6K | 834.1K | 68.5K | 1.5M | -1.5M | -699.7K | 432.9K |
| Operating cash flow | -5.2M | -15M | -31.8M | -44.6M | -48.9M | -54.8M | -45.3M |
| Capital expenditure | -20.5K | -53.4K | -60.8K | -742.5K | -342.7K | -84.9K | — |
| Investing cash flow | -20.5K | -53.4K | -75.6M | 41.8M | 7.3M | 26.4M | -88.6M |
| Dividends paid | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — |
| Financing cash flow | 17.2M | 38M | 143M | -281.4K | 28M | 4.2M | 225.8M |
| Net change in cash | 12M | 22.9M | 35.6M | -3.1M | -13.6M | -24.2M | 91.9M |
| Free cash flow | -4.5M | -14.7M | -30.9M | -44.8M | -49.3M | -55.1M | -45.5M |
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 | 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 | -12.6M | -15.1M | -14.3M | -14.1M | -14.6M | -18.1M | -15M | -14.4M | -15M | -11.6M | -13.5M | -17.3M |
| Depreciation & amortization | 85.6K | 97.1K | 97.5K | 97.8K | 96.3K | 93.4K | 92.6K | 91.8K | 86.2K | 83.2K | 88.7K | 91.8K |
| Stock-based compensation | 1.5M | 1.6M | 1.5M | 1.7M | 1.6M | 1.7M | 1.7M | 1.5M | 1.5M | 1.6M | 1.6M | 1.6M |
| Change in working capital | -826.1K | -20.6K | -170.4K | 166.9K | -848.7K | 152.6K | -396.2K | 1.2M | -840K | 504.3K | -425.7K | 2M |
| Operating cash flow | -11.9M | -13.4M | -12.9M | -12.2M | -13.7M | -16.1M | -13.7M | -9.4M | -12M | -9.8M | -18.4M | -16.5M |
| Capital expenditure | -57.1K | -170.9K | -37.5K | -32.8K | -5.3K | -9.4K | -8.9K | — | — | — | — | — |
| Investing cash flow | -24M | 3.1M | 21.4M | 5M | -5.3K | 5.5M | -8.9K | 0 | 0 | -88.6M | -63M | 10.5M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 0 | 0 | — | 0 | 4.2M | 0 | 13.7M | 0 | 212.8M | -587.4K | 0 | 0 |
| Net change in cash | -35.8M | -10.2M | 8.5M | -7.2M | -9.5M | -10.6M | 10.2K | -9.4M | 200.8M | -99M | -81.4M | -6M |
| Free cash flow | -12.1M | -11.9M | -15.5M | -11.6M | -13.5M | -14.5M | -14.1M | -9.4M | -12M | -10M | -18.5M | -16.5M |