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 % |
|---|---|---|---|---|---|---|
| Q3 26 | -$1.16 | -$0.8 | +31.0% | — | — | — |
| Q2 26 | -$0.96 | -$1.08 | -12.5% | — | — | — |
| Q1 26 | -$1.11 | -$0.7 | +36.9% | — | — | — |
| Q4 25 | -$1.77 | -$1.3 | +26.6% | — | — | — |
| Q3 25 | -$1.58 | -$2 | -26.6% | — | — | — |
| Q2 25 | -$2.4 | -$2.5 | -4.2% | — | — | — |
| Q1 25 | -$2.38 | -$2.5 | -5.0% | — | $0 | — |
| Q3 24 | -$2.18 | -$2.4 | -10.1% | — | $0 | — |
| Q2 24 | -$2.33 | -$2.1 | +9.9% | — | $0 | — |
| Q1 24 | -$2.65 | -$3 | -13.2% | — | $0 | — |
| Q4 23 | -$5.4 | -$4.8 | +11.1% | — | $0 | — |
| Q3 23 | -$5.07 | -$5.1 | -0.6% | — | $0 | — |
| Q2 23 | -$5.12 | -$5.4 | -5.5% | — | $0 | — |
| Q1 23 | -$4.8 | -$5.8 | -20.8% | — | $0 | — |
| Q4 22 | -$7.42 | -$5.88 | +20.8% | — | $0 | — |
| Q3 22 | -$6.95 | -$6.9 | +0.7% | — | $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 | — | -$6.2 | — | — | $0 | — |
| FY24 | — | -$1 | — | — | $0 | — |
| FY23 | — | -$2.11 | — | — | $0 | — |
| FY22 | — | -$3.78 | — | — | $0 | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| YoY change | 0% | 0% | 0% | 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.
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — |
| Research & development | 30M | 39.3M | 24.8M | 22.5M | 38.6M | 61.1M | 71.3M | 83.2M | 80M | 82M |
| Selling, general & administrative | 11.2M | 13.3M | 16M | 14.5M | 10.3M | 13.3M | 15.3M | 16M | 18M | 21.2M |
| Operating expenses | 41.3M | 52.7M | 40.8M | 37M | 49M | 91.7M | 86.5M | 99.2M | 98.1M | 103.2M |
| Operating income | -41.3M | -52.7M | -40.8M | -37M | -49M | -91.7M | -86.5M | -99.2M | -98.1M | -103.2M |
| Operating margin | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | 13K | -73K | -1.2M | 2M | 4.9M | -1.3M | -34.9M | 2.5M | -5.8M | 5M |
| Pretax income | -41M | -52.1M | -41.5M | -34.9M | -44M | -92.9M | -120.4M | -93.6M | -100.5M | -97.2M |
| Income tax | — | — | — | — | — | — | — | — | — | — |
| Net income | -41M | -52.1M | -41.5M | -34.9M | -44M | -92.9M | -120.4M | -93.6M | -100.5M | -97.2M |
| Net margin | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -39.5M | -51.7M | -38.9M | -37M | -48.9M | -91.6M | -53.5M | -99.1M | -97.9M | -103.1M |
| EPS | -52.4 | -52.4 | -39.2 | -4.52 | -2.81 | -3.93 | -3.78 | -2.11 | -1 | -6.2 |
| Diluted EPS | -52.4 | -52.4 | -39.2 | -4.52 | -2.81 | -3.93 | -3.78 | -2.11 | -1 | -6.2 |
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 | 19.8M | 19.3M | 18.7M | 18.3M | 21.4M | 21.6M | 21.5M | 21.4M | 20M | 19.1M | 25.6M | 25.9M |
| Selling, general & administrative | 3.8M | 4.1M | 5.1M | 4.5M | 4.4M | 4M | 5.3M | 5.7M | 6M | 4.3M | 7.6M | 9.4M |
| Operating expenses | 23.6M | 23.4M | 23.9M | 22.8M | 25.7M | 25.6M | 26.8M | 27.1M | 26M | 23.3M | 33.2M | 35.3M |
| Operating income | -23.6M | -23.4M | -23.9M | -22.8M | -25.7M | -25.6M | -26.8M | -27.1M | -26M | -23.3M | -33.2M | -35.3M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | 35K | 1.3M | -6.9M | 436K | 582K | 27K | 1.2M | 22K | -5K | 3.8M | -113K | -58K |
| Pretax income | -22.8M | -21.6M | -29.6M | -21.4M | -24.4M | -25.2M | -25.5M | -26.8M | -25.6M | -19.3M | -32.6M | -34.1M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — |
| Net income | -22.8M | -21.6M | -29.6M | -21.4M | -24.4M | -25.2M | -25.5M | -26.8M | -25.6M | -19.3M | -32.6M | -34.1M |
| Net margin | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -23.5M | -23.4M | -19.1M | -22.8M | -25.7M | -25.6M | -26.8M | -27M | -26M | -23.3M | -33.2M | -35.3M |
| EPS | -0.51 | — | -0.3 | -0.21 | -0.24 | — | -2.5 | -2 | -1.3 | — | -1.08 | -0.8 |
| Diluted EPS | -0.51 | — | -0.3 | -0.21 | -0.24 | — | -2.5 | -2 | -1.3 | — | -1.08 | -0.8 |
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 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market cap | — | — | — | — | — | — | — | — | — | — | 129.8M |
| Enterprise value | — | — | — | — | — | — | — | — | — | — | -27M |
| Shares outstanding | 784.7K | 996.5K | 1.1M | 7.7M | 15.7M | 23.7M | 31.8M | 44.3M | 100.2M | 15.6M | 15.6M |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | — | — | — | -1.54 |
| P/B | — | — | — | — | — | — | — | — | — | — | 1 |
| EV/EBITDA | — | — | — | — | — | — | — | — | — | — | 0.23 |
| Earnings yield | — | — | — | — | — | — | — | — | — | — | -65.1% |
| FCF yield | — | — | — | — | — | — | — | — | — | — | -39.6% |
| PEG | — | — | — | — | — | — | — | — | — | — | 0.03 |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | — | — | — | — | — | 0% |
| Net margin | — | — | — | — | — | — | — | — | — | — | 0% |
| ROE | -70.1% | -104.1% | -333.7% | -59.9% | -27.7% | -73.1% | -105.9% | -323.6% | -545.4% | 1.5K% | -138.2% |
| ROA | -64% | -86.2% | -276.9% | -53% | -26.2% | -66.8% | -94.2% | -172.4% | -245.9% | -404% | -66.8% |
| Return on tangible assets | -64% | -86.2% | -276.9% | -232.9K% | -43.2% | -127% | -94.2% | -172.4% | -245.9% | -404% | -70.1% |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 11.2 | 5.65 | 5.67 | 4.56 | 15.9 | 9.21 | 9.62 | 2.12 | 1.77 | 0.75 | 5.05 |
| Quick ratio | 11.2 | 5.65 | 5.67 | 4.56 | 15.9 | 9.21 | 9.62 | 2.12 | 1.77 | 0.75 | 5.05 |
| Debt / equity | — | — | — | 0.01 | 0.01 | 0.01 | 0.01 | 0.05 | 0.05 | -0.09 | 0 |
| Debt / assets | — | — | — | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 | 0.02 | 0 |
| Net debt / EBITDA | — | — | — | 0.78 | 2.58 | 0.94 | 2.15 | 0.46 | 0.35 | 0.14 | 1.31 |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (basic) | -52.4 | -52.4 | -39.2 | -4.52 | -2.81 | -3.93 | -3.78 | -2.11 | -1 | -6.2 | -6.2 |
| EPS (diluted) | -52.4 | -52.4 | -39.2 | -4.52 | -2.81 | -3.93 | -3.78 | -2.11 | -1 | -6.2 | -3.55 |
| Book value per share | 74.5 | 50.2 | 11.7 | 7.56 | 10.1 | 5.37 | 3.57 | 0.65 | 0.18 | -0.43 | 9.35 |
| FCF per share | -46.3 | -41.2 | -41.3 | -3.7 | -2.95 | -3.52 | -2.05 | -1.61 | -0.85 | -5.52 | -2.07 |
| Cash per share | 76.5 | 57.1 | 12.6 | 3.8 | 8.14 | 3.67 | 3.66 | 1.05 | 0.36 | 0.99 | 11.4 |
| Capex per share | 0.71 | 0.68 | 0.39 | 0 | 0.01 | 0 | 0 | 0.01 | 0 | — | — |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Capex / operating cash flow | -1.57% | -1.51% | -1.11% | -0.06% | -0.35% | -0.09% | -0.1% | -0.39% | -0.33% | — | — |
| Payout ratio | — | — | — | — | — | — | — | — | — | — | 0% |
| FY21 | — | -$3.93 | — | — | $0 | — |
| FY20 | — | -$2.81 | — | — | $0 | — |
| FY19 | — | -$4.52 | — | — | $0 | — |
| FY18 | — | -$39.2 | — | — | $0 | — |
| FY17 | — | -$52.4 | — | — | $0 | — |
| FY16 | — | -$52.4 | — | — | $0 | — |
| 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 |
| 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 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 60M | 56.9M | 13.3M | 29.4M | 127.5M | 86.9M | 116.4M | 46.7M | 35.7M | 15.5M |
| Receivables | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 61.5M | 58.1M | 14.2M | 32.2M | 133.7M | 105M | 125.9M | 52.5M | 39.3M | 22.9M |
| Property, plant & equipment | 2.5M | 2.2M | 709K | 713K | 1.1M | 1.1M | 1.8M | 1.8M | 1.5M | 1.2M |
| Goodwill & intangibles | — | — | — | 65.9M | 65.9M | 65.9M | 0 | — | — | — |
| Total assets | 64M | 60.4M | 15M | 66M | 167.9M | 139.1M | 127.8M | 54.3M | 40.9M | 24.1M |
| Accounts payable | 780K | 1M | 268K | 2.4M | 3.4M | 3.5M | 3.7M | 4.7M | 7.6M | 9.5M |
| Short-term debt | — | — | — | — | 297K | 408K | 571K | 695K | 740K | 470K |
| Total current liabilities | 5.5M | 10.3M | 2.5M | 7.1M | 8.4M | 11.4M | 13.1M | 24.7M | 22.2M | 30.6M |
| Long-term debt | — | — | — | 520K | 679K | 584K | 992K | 639K | 264K | 107K |
| Total liabilities | 5.6M | 10.3M | 2.6M | 7.6M | 9.1M | 12M | 14.1M | 25.4M | 22.4M | 30.7M |
| Shareholders' equity | 58.4M | 50M | 12.4M | 58.4M | 158.8M | 127.1M | 113.7M | 28.9M | 18.4M | -6.7M |
| Total debt | — | — | — | 520K | 976K | 992K | 1.6M | 1.3M | 1M | 577K |
| Net debt | — | — | — | -28.8M | -126.5M | -85.9M | -105.2M | -45.3M | -34.7M | -14.9M |
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 | 59.7M | 46.7M | 97.3M | 79.7M | 59.1M | 35.7M | 14.3M | 55.3M | 35.1M | 15.5M | 186.6M | 155.1M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 65.2M | 52.5M | 102.6M | 85M | 63.3M | 39.3M | 19M | 59.8M | 39.3M | 22.9M | 188.8M | 157.8M |
| Property, plant & equipment | 1.7M | 1.8M | 1.5M | 1.5M | 1.5M | 1.5M | 1.5M | 1.6M | 1.4M | 1.2M | 983K | 1.3M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 67M | 54.3M | 104.2M | 86.5M | 64.8M | 40.9M | 20.5M | 61.4M | 40.7M | 24.1M | 189.7M | 159.2M |
| Accounts payable | 2.8M | 4.7M | 6.2M | 7.6M | 5.8M | 7.6M | 5.5M | 7M | 7.3M | 9.5M | 10.5M | 11.7M |
| Short-term debt | 662K | 695K | 697K | 714K | 713K | 740K | 765K | 774K | 666K | 470K | 275K | 239K |
| Total current liabilities | 17.8M | 24.7M | 20.1M | 22.7M | 23.4M | 22.2M | 25.6M | 27.3M | 30.1M | 30.6M | 38.4M | 31.3M |
| Long-term debt | 789K | 639K | 433K | 241K | 186K | 264K | 210K | 205K | 126K | 107K | 146K | 328K |
| Total liabilities | 18.6M | 25.4M | 20.6M | 22.9M | 23.5M | 22.4M | 25.8M | 27.5M | 30.2M | 30.7M | 38.5M | 31.6M |
| Shareholders' equity | 48.4M | 28.9M | 83.6M | 63.6M | 41.2M | 18.4M | -5.3M | 33.9M | 10.5M | -6.7M | 151.2M | 127.6M |
| Total debt | 1.5M | 1.3M | 1.1M | 955K | 899K | 1M | 975K | 979K | 792K | 577K | 421K | 567K |
| Net debt | -58.2M | -45.3M | -96.2M | -78.7M | -58.2M | -34.7M | -13.3M | -54.3M | -34.3M | -14.9M | -186.2M | -154.5M |
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 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -41M | -52.1M | -41.5M | -34.9M | -44M | -92.9M | -120.4M | -93.6M | -100.5M | -97.2M |
| Depreciation & amortization | 1.8M | 998K | 727K | 50K | 39K | 85K | 77K | 111K | 134K | 168K |
| Stock-based compensation | 4.7M | 5.5M | 3.7M | 6.5M | 2.7M | 5.9M | 7.9M | 7.1M | 8.5M | 8.9M |
| Change in working capital | -887K | 464K | -692K | 640K | -255K | 346K | 675K | 913K | 5.4M | -2.6M |
| Operating cash flow | -35.3M | -44.9M | -37.5M | -26.2M | -41.5M | -77.9M | -111.7M | -85.5M | -79.9M | -85.8M |
| Capital expenditure | -554K | -678K | -415K | -15K | -146K | -67K | -112K | -334K | -264K | — |
| Investing cash flow | -21K | -678K | -415K | 10.5M | -146K | -67K | -9.7M | 9.5M | -264K | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 12.3M | 38M | 0 | 34.9M | 144.4M | 42.7M | 95.6M | 853K | 74.5M | 65.4M |
| Net change in cash | -23M | -7.6M | -37.9M | 19.2M | 102.8M | -35.3M | -25.9M | -75.2M | -5.7M | -20.4M |
| Free cash flow | -36.3M | -41.1M | -43.8M | -28.6M | -46.3M | -83.3M | -65.3M | -71.2M | -85M | -86M |
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 | -22.8M | -21.6M | -29.6M | -21.4M | -24.4M | -25.2M | -25.5M | -26.8M | -25.6M | -19.3M | -32.6M | -34.1M |
| Depreciation & amortization | 34K | 23K | 26K | 31K | 42K | 35K | 43K | 43K | 40K | 42K | 33K | 34K |
| Stock-based compensation | 1.7M | 1.6M | 2.8M | 1.9M | 1.9M | 2M | 2M | 1.9M | 3.6M | 1.3M | 4.5M | 6.8M |
| Change in working capital | 2.2M | 1.8M | 2.2M | 1.4M | -613K | 3M | -3.2M | 1.5M | 309K | -1.3M | 6.4M | 602K |
| Operating cash flow | -18.9M | -18.1M | -23M | -18.3M | -28.2M | -15.3M | -26.5M | -24.6M | -20.1M | -19.3M | -17.3M | -31M |
| Capital expenditure | -44K | -165K | -31K | -180K | -50K | -3K | -47K | — | — | — | — | — |
| Investing cash flow | -44K | -165K | -31K | -180K | -50K | -3K | -47K | — | — | — | — | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 282K | 571K | 74.5M | 0 | 0 | 0 | 0 | 65.4M | 0 | 0 | — | — |
| Net change in cash | -18.6M | -17.7M | 51.5M | -18.4M | -28.2M | -15.3M | -26.5M | 40.8M | -20.1M | -19.3M | -17.3M | -31M |
| Free cash flow | -17.4M | -14.2M | -24M | -17.2M | -20.8M | -23M | -21.8M | -24.6M | -20.2M | -19.3M | -17.3M | -31.2M |