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 | -$0.37 | -$0.25 | +32.4% | — | $0 | — |
| Q4 25 | -$0.47 | -$0.45 | +4.3% | — | $0 | — |
| Q3 25 | -$1.25 | -$0.85 | +32.0% | — | $0 | — |
| Q2 25 | -$1.8 | -$1.24 | +31.1% | — | $0 | — |
| Q1 25 | -$2 | -$2.1 | -5.0% | — | $0 | — |
| Q4 24 | -$2.4 | -$1.2 | +50.0% | — | $0 | — |
| Q3 24 | -$4.72 | -$4.5 | +4.7% | — | $0 | — |
| Q2 24 | -$5.04 | -$5.7 | -13.1% | — | $0 | — |
| Q1 24 | -$5.18 | -$6 | -15.8% | — | $0 | — |
| Q4 23 | -$4.6 | -$6.3 | -37.0% | — | $0 | — |
| Q3 23 | -$0.24 | -$0.23 | +4.2% | — | $0 | — |
| Q2 23 | -$0.27 | -$0.27 | 0.0% | — | $0 | — |
| Q1 23 | -$9.6 | -$9 | +6.2% | — | $0 | — |
| Q4 22 | -$0.32 | -$0.37 | -15.6% | — | $0 | — |
| Q3 22 | -$8.1 | -$10.2 | -25.9% | — | $0 | — |
| Q2 22 | -$0.29 | -$0.38 | -31.0% | — | $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 | — | -$4.44 | — | — | $0 | — |
| FY24 | — | -$17.1 | — | — | $0 | — |
| FY23 | — | -$1 | — | — | $0 | — |
| FY22 | — | -$1.36 | — | — | $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 | 581K | 2.4M | 5.4M | 7.3M | 14.1M | 16.8M | 17M | 10.2M |
| Selling, general & administrative | 1.4M | 2.7M | 3.2M | 7.3M | 14.5M | 13.5M | 12.6M | 9.7M |
| Operating expenses | 2M | 5.1M | 8.6M | 14.7M | 28.5M | 30.3M | 29.6M | 19.9M |
| Operating income | -2M | -5.1M | -8.6M | -14.7M | -28.5M | -30.3M | -29.6M | -19.9M |
| Operating margin | — | — | — | — | — | — | — | — |
| Non-operating income, net | -63K | -68K | — | — | — | 330K | -1.1M | — |
| Pretax income | -2.1M | -5.1M | -8.6M | -14.7M | -28.5M | -30M | -30.4M | -19.4M |
| Income tax | — | — | — | — | — | — | — | — |
| Net income | -2.1M | -5.1M | -8.6M | -14.7M | -28.5M | -30M | -30.4M | -19.4M |
| Net margin | — | — | — | — | — | — | — | — |
| EBITDA | -2M | -4.9M | -8.5M | -13.9M | -27.4M | -27.8M | -25.9M | -17.4M |
| EPS | -0.41 | -0.63 | -0.53 | -1.47 | -1.36 | -1 | -17.1 | -4.44 |
| Diluted EPS | -0.41 | -0.63 | -0.53 | -1.47 | -1.36 | -1 | -17.1 | -4.44 |
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 | 3.8M | 4.5M | 4.9M | 5.2M | 3.3M | 3.6M | 3M | 2.5M | 2.1M | 2.6M | 2.6M | 2.5M |
| Selling, general & administrative | 3.4M | 3.1M | 3.7M | 3.5M | 2.7M | 2.6M | 2.7M | 2.7M | 1.9M | 2.4M | 2.7M | 2.4M |
| Operating expenses | 7.2M | 7.6M | 8.6M | 8.7M | 6M | 6.2M | 5.7M | 5.2M | 4M | 5M | 5.3M | 4.9M |
| Operating income | -7.2M | -7.9M | -8.6M | -8.7M | -6M | -6.2M | -5.7M | -5.2M | -4M | -5M | -5.3M | -4.9M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | — | — | — | — | -1.1M | 0 | — | — | — | — | — | — |
| Pretax income | -7.2M | -7.6M | -8.6M | -8.6M | -7.1M | -6.2M | -5.5M | -5.1M | -3.9M | -4.9M | -5.1M | -4.8M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — |
| Net income | -7.2M | -7.6M | -8.6M | -8.6M | -7.1M | -6.2M | -5.5M | -5.1M | -3.9M | -4.9M | -5.1M | -4.8M |
| Net margin | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -6.5M | -7.3M | -8M | -8.1M | -4.3M | -5.5M | -5M | -4.4M | -3.4M | -4.5M | -4.8M | -4.5M |
| EPS | -0.23 | — | -0.2 | -0.19 | -4.5 | — | -2.1 | -1.24 | -0.85 | — | -0.26 | -0.25 |
| Diluted EPS | -0.23 | — | -0.2 | -0.19 | -4.5 | — | -2.1 | -1.24 | -0.85 | — | -0.26 | -0.25 |
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 | — | — | — | — | — | — | — | — | 12.2M |
| Enterprise value | — | — | — | — | — | — | — | — | -3.9M |
| Shares outstanding | 6.2M | 9.4M | 19.4M | 10M | 21M | 29.9M | 1.8M | 4.4M | 4.4M |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | — | -0.28 |
| P/B | — | — | — | — | — | — | — | — | 0.64 |
| EV/EBITDA | — | — | — | — | — | — | — | — | 0.22 |
| Earnings yield | — | — | — | — | — | — | — | — | -361% |
| FCF yield | — | — | — | — | — | — | — | — | -64.8% |
| PEG | — | — | — | — | — | — | — | — | 0 |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | — | — | — | 0% |
| Net margin | — | — | — | — | — | — | — | — | 0% |
| ROE | -44.8% | 1.5K% | -46.7% | -38.4% | -125.5% | -120.3% | -210.2% | -70.5% | -111.1% |
| ROA | -35.3% | -454.3% | -40.9% | -34.7% | -86.3% | -89% | -145.3% | -60.2% | -58.4% |
| Return on tangible assets | -35.3% | -454.3% | -40.9% | -34.7% | -87% | -89% | -145.3% | -60.2% | -85.8% |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 12.1 | 1.18 | 7.05 | 17.3 | 3.82 | 4.57 | 4.08 | 8.82 | 8.21 |
| Quick ratio | 12.1 | 1.18 | 7.05 | 17.3 | 3.82 | 4.57 | 4.08 | 8.82 | 8.21 |
| Debt / equity | — | — | 0.01 | 0.06 | 0.26 | 0.2 | 0.35 | 0.1 | 0.12 |
| Debt / assets | — | — | 0.01 | 0.06 | 0.18 | 0.15 | 0.24 | 0.09 | 0.1 |
| Net debt / EBITDA | — | — | 2.1 | 2.5 | 0.45 | 0.59 | 0.24 | 1.4 | 0.92 |
| Interest coverage | -147.6 | — | — | — | — | — | — | — | — |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (basic) | -0.41 | -0.63 | -0.53 | -1.47 | -1.36 | -1 | -17.1 | -4.44 | -4.44 |
| EPS (diluted) | -0.41 | -0.63 | -0.53 | -1.47 | -1.36 | -1 | -17.1 | -4.44 | -1.3 |
| Book value per share | 0.75 | -0.04 | 0.94 | 3.83 | 1.08 | 0.83 | 8.11 | 6.3 | 1.86 |
| FCF per share | -0.57 | -0.55 | -0.37 | -1.39 | -1.33 | -0.8 | -13.6 | -2.91 | -0.75 |
| Cash per share | 0.81 | 0.07 | 0.93 | 3.71 | 0.87 | 0.71 | 6.23 | 6.19 | 1.82 |
| Capex per share | 0.12 | 0.04 | 0 | 0.03 | 0.18 | 0.02 | 0.1 | — | — |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Capex / operating cash flow | -35.7% | -7.23% | 0% | -2.54% | -16.1% | -2.42% | -0.77% | — | — |
| Payout ratio | — | — | — | — | — | — | — | — | 0% |
| -$1.47 |
| — |
| — |
| $0 |
| — |
| FY20 | — | -$0.53 | — | — | $0 | — |
| FY19 | — | -$0.63 | — | — | $0 | — |
| FY18 | — | -$0.41 | — | — | $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 | 5M | 610K | 18M | 37M | 18.2M | 21.3M | 11.1M | 27.1M |
| Receivables | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — |
| Total current assets | 5.1M | 763K | 18.1M | 39M | 22.2M | 24.6M | 12.6M | 27.9M |
| Property, plant & equipment | 795K | 274K | 186K | 2.8M | 10.3M | 8.6M | 7.8M | 4M |
| Goodwill & intangibles | — | — | — | 0 | 252K | — | — | — |
| Total assets | 5.9M | 1.1M | 20.9M | 42.2M | 33M | 33.7M | 20.9M | 32.3M |
| Accounts payable | 419K | 560K | 620K | 395K | 2.1M | 924K | 389K | 309K |
| Short-term debt | — | — | 174K | 626K | 1.4M | 1.5M | 1.6M | 1.2M |
| Total current liabilities | 419K | 647K | 2.6M | 2.3M | 5.8M | 5.4M | 3.1M | 3.2M |
| Long-term debt | — | — | 0 | 1.8M | 4.5M | 3.4M | 3.4M | 1.6M |
| Total liabilities | 1.2M | 1.5M | 2.6M | 4M | 10.3M | 8.8M | 6.5M | 4.7M |
| Shareholders' equity | 4.6M | -346K | 18.3M | 38.2M | 22.7M | 24.9M | 14.5M | 27.6M |
| Total debt | — | — | 174K | 2.4M | 5.9M | 4.9M | 5M | 2.8M |
| Net debt | — | — | -17.8M | -34.6M | -12.3M | -16.4M | -6.1M | -24.3M |
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 | 12.9M | 21.3M | 13M | 10.2M | 4M | 11.1M | 11.9M | 13.2M | 10.7M | 27.1M | 21.9M | 18M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 16.5M | 24.6M | 15.8M | 12.7M | 6.7M | 12.6M | 12.7M | 13.7M | 11.8M | 27.9M | 22.7M | 18.5M |
| Property, plant & equipment | 9.2M | 8.6M | 9.2M | 9.2M | 8.5M | 7.8M | 6.6M | 5.1M | 4.6M | 4M | 3.3M | 3M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 26.2M | 33.7M | 25.5M | 22.5M | 16M | 20.9M | 19.9M | 19.4M | 16.8M | 32.3M | 26.3M | 21.7M |
| Accounts payable | 748K | 924K | 1.4M | 1.4M | 1.1M | 389K | 575K | 379K | 204K | 309K | 449K | 444K |
| Short-term debt | 1.5M | 1.5M | 1.5M | 1.8M | 1.7M | 1.6M | 1.2M | 940K | 1.1M | 1.2M | 1M | 1M |
| Total current liabilities | 4.7M | 5.4M | 3.8M | 4.8M | 3.6M | 3.1M | 3M | 2M | 1.7M | 3.2M | 2.2M | 2.3M |
| Long-term debt | 3.8M | 3.4M | 4.2M | 4.1M | 3.7M | 3.4M | 3M | 2.2M | 1.9M | 1.6M | 1.3M | 1.1M |
| Total liabilities | 8.4M | 8.8M | 8M | 8.9M | 7.4M | 6.5M | 6M | 4.1M | 3.6M | 4.7M | 3.5M | 3.4M |
| Shareholders' equity | 17.8M | 24.9M | 17.5M | 13.6M | 8.6M | 14.5M | 13.9M | 15.2M | 13.2M | 27.6M | 22.8M | 18.4M |
| Total debt | 5.3M | 4.9M | 5.7M | 5.9M | 5.5M | 5M | 4.3M | 3.1M | 3M | 2.8M | 2.4M | 2.2M |
| Net debt | -7.6M | -16.4M | -7.3M | -4.3M | 1.5M | -6.1M | -7.6M | -10.1M | -7.7M | -24.3M | -19.6M | -15.8M |
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 | -2.1M | -5.1M | -8.6M | -14.7M | -28.5M | -30M | -30.4M | -19.4M |
| Depreciation & amortization | 96K | 96K | 88K | 788K | 1.1M | 2.5M | 2.7M | 2.5M |
| Stock-based compensation | 31K | 76K | 357K | 2.2M | 3.5M | 4.4M | 5M | 3.2M |
| Change in working capital | -238K | 41K | -208K | -517K | 999K | -1.7M | -1.4M | -218K |
| Operating cash flow | -2.1M | -4.9M | -8M | -12.2M | -23M | -24.8M | -24.2M | -12.7M |
| Capital expenditure | -757K | 356K | 0 | -309K | -3.7M | -600K | -187K | — |
| Investing cash flow | -757K | 356K | 0 | -309K | -3.7M | -600K | -187K | — |
| Dividends paid | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — |
| Financing cash flow | 8.4M | 0 | 24.5M | 32.8M | 8.9M | 23.8M | 9.1M | 26.4M |
| Net change in cash | 5.5M | -4.6M | 16.6M | 20.3M | -17.7M | -1.7M | -15.3M | 13.7M |
| Free cash flow | -3.5M | -5.1M | -7.1M | -13.8M | -27.8M | -23.9M | -24.3M | -12.7M |
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 | -7.2M | -7.6M | -8.6M | -8.6M | -7.1M | -6.2M | -5.5M | -5.1M | -3.9M | -4.9M | -5.1M | -4.8M |
| Depreciation & amortization | 647K | 627K | 632K | 631K | 690K | 702K | 669K | 784K | 527K | 521K | 500K | 457K |
| Stock-based compensation | 1.2M | 1.3M | 1.2M | 1.2M | 1.8M | 825K | 831K | 955K | 692K | 711K | 401K | 352K |
| Change in working capital | 27K | 21K | 228K | -177K | -525K | -919K | 209K | -384K | -108K | 65K | 127K | -34K |
| Operating cash flow | -5.3M | -5.7M | -6.5M | -7M | -5.2M | -5.6M | -3.8M | -3.9M | -3.5M | -2.1M | -4.9M | -3.7M |
| Capital expenditure | -77K | -72K | -71K | -83K | 0 | -33K | 0 | — | — | — | — | — |
| Investing cash flow | -77K | -72K | -71K | -83K | 0 | -33K | 0 | — | — | — | — | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 1.7M | 10.1M | -277K | 3.4M | -105K | 6.1M | 3.5M | 3.4M | -5.6M | 25.1M | -195K | -51K |
| Net change in cash | -3.7M | 4.3M | -6.8M | -3.7M | -5.3M | 503K | -331K | -544K | -9.1M | 22.9M | -5.1M | -3.8M |
| Free cash flow | -5.8M | -4.9M | -8M | -6.2M | -6.1M | -4.1M | -3.1M | -3.9M | -3.5M | -2.1M | -5M | -4M |