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 % |
|---|---|---|---|---|---|---|
| Q4 25 | -$4.36 | -$9.19 | -110.8% | — | $0 | — |
| Q3 25 | -$4.17 | -$2.98 | +28.5% | — | $0 | — |
| Q2 25 | -$9.24 | -$9.09 | +1.6% | — | — | — |
| Q1 25 | -$5.04 | -$8.96 | -77.8% | — | — | — |
| Q4 24 | -$11.5 | -$10.6 | +7.3% | — | — | — |
| Q3 24 | -$13.4 | -$8.96 | +33.3% | — | — | — |
| Q2 24 | -$15.4 | -$13.2 | +14.5% | — | — | — |
| Q1 24 | -$16 | -$12.6 | +21.1% | — | — | — |
| Q4 23 | -$15.1 | -$13.2 | +13.0% | — | — | — |
| Q3 23 | -$0.55 | -$0.47 | +14.5% | — | — | — |
| Q2 23 | -$16.2 | -$10.9 | +32.8% | — | $0 | — |
| Q1 23 | -$16.5 | -$14.3 | +13.6% | — | $0 | — |
| Q4 22 | -$14.6 | -$12.3 | +15.4% | — | $0 | — |
| Q3 22 | -$0.53 | -$0.42 | +20.8% | — | $0 | — |
| Q2 22 | -$12 | -$12.9 | -7.0% | — | $0 | — |
| Q1 22 | -$10.9 | -$11.5 | -5.1% | — | $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 | — | -$21.6 | — | — | $0 | — |
| FY24 | — | -$45.1 | — | — | $0 | — |
| FY23 | — | -$1.83 | — | — | $0 | — |
| FY22 | — | -$1.73 | — | — | $0 | — |
| FY21 | — | -$1.89 | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 |
| YoY change | — | 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 | Q3 24 | Q4 24 | Q1 25 |
|---|
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — |
| Research & development | 2.7M | 2.5M | 6.3M | 7.6M | 7.3M | 9.3M |
| Selling, general & administrative | 944.2K | 5.2M | 8.6M | 8.8M | 8.1M | 10.5M |
| Operating expenses | 3.6M | 7.7M | 14.9M | 16.4M | 15.4M | 19.8M |
| Operating income | -3.6M | -7.7M | -14.9M | -16.4M | -15.4M | -19.8M |
| Operating margin | — | — | — | — | — | — |
| Non-operating income, net | — | — | 588.1K | 955K | 343.7K | -1M |
| Pretax income | -3.6M | -7.7M | -14.3M | -15.4M | -15M | -20.8M |
| Income tax | — | — | — | — | — | — |
| Net income | -3.6M | -7.7M | -14.3M | -15.4M | -15M | -20.8M |
| Net margin | — | — | — | — | — | — |
| EBITDA | -3.6M | -7.7M | -14.9M | -16.4M | -15.4M | -19.8M |
| EPS | -0.66 | -1.89 | -1.73 | -1.83 | -45.1 | -21.6 |
| Diluted EPS | -0.66 | -1.89 | -1.73 | -1.83 | -45.1 | -21.6 |
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 | — | — | — | — | — | — | — | — | 1.5M | 2.8M | 491.1K | 363.1K |
| Selling, general & administrative | — | — | — | — | — | — | — | — | 1.1M | 5.3M | 1.7M | 1.4M |
| Operating expenses | — | — | — | — | — | — | — | — | 2.6M | 8.2M | 2.2M | 1.8M |
| Operating income | — | — | — | — | — | — | — | — | -2.6M | -8.2M | -2.2M | -1.8M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | 326K | 176.9K | 136.6K | 93.6K | 73K | 40.5K | 40.1K | -772.2K | -326.6K | 43.3K | -381.5K | 14K |
| Pretax income | — | — | — | — | — | — | — | — | -3M | -8.1M | -2.5M | -1.8M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — |
| Net income | — | — | — | — | — | — | — | — | -3M | -8.1M | -2.5M | -1.8M |
| Net margin | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA | — | — | — | — | — | — | — | — | -2.6M | -8.2M | -2.2M | -1.8M |
| EPS | -0.47 | — | -0.45 | -0.47 | -8.96 | — | -8.96 | -9.09 | -2.98 | — | -0.23 | -0.02 |
| Diluted EPS | -0.47 | — | -0.45 | -0.47 | -8.96 | — | -8.96 | -9.09 | -2.98 | — | -0.23 | -0.02 |
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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Market cap | 2.1B | — | — | 414M | — | — | 438.4M |
| Enterprise value | 2.1B | — | — | 400.8M | — | — | 426.8M |
| Shares outstanding | 5.4M | 4.1M | 8.3M | 8.4M | 334.1K | 966.1K | 966.1K |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | -0.15 |
| P/B | -8.8K | — | — | 34.3 | — | — | 38.7 |
| EV/EBITDA | -580 | — | — | -24.5 | — | — | -21.5 |
| Earnings yield | — | — | — | — | — | — | -656.9% |
| FCF yield | -0.16% | — | — | -3.24% | — | — | -2.21% |
| PEG | — | — | — | — | — | — | 0 |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | — | 0% |
| Net margin | — | — | — | — | — | — | 0% |
| ROE | 1.5K% | -21.5% | -58.2% | -127.7% | -380.8% | -661.5% | -318% |
| ROA | -201.6% | -19% | -51% | -103.3% | -204.7% | -223.9% | -98.1% |
| Return on tangible assets | -201.6% | -19% | -51% | -103.3% | -204.7% | -223.9% | -128.7% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Current ratio | 0.86 | 8.77 | 7.94 | 5.05 | 1.95 | 1.51 | 19.5 |
| Quick ratio | 0.86 | 8.77 | 7.94 | 5.05 | 1.95 | 1.51 | 19.5 |
| Debt / equity | 0 | 0 | 0 | 0.01 | 0.02 | — | 0 |
| Debt / assets | 0 | 0 | 0 | 0.01 | 0.01 | — | — |
| Net debt / EBITDA | 0.46 | 5.04 | 1.77 | 0.81 | 0.37 | — | — |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (basic) | -0.66 | -1.89 | -1.73 | -1.83 | -45.1 | -21.6 | -21.6 |
| EPS (diluted) | -0.66 | -1.89 | -1.73 | -1.83 | -45.1 | -21.6 | -3.04 |
| Book value per share | -0.04 | 8.78 | 2.98 | 1.44 | 11.8 | 3.26 | 0.09 |
| FCF per share | -0.61 | -2.76 | -1.58 | -1.6 | -36.9 | -15.3 | -0.13 |
| Cash per share | 0.3 | 9.57 | 3.2 | 1.59 | 17.3 | 8.81 | 0.09 |
| Capex per share | 0 | 0 | 0 | — | — | — | — |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Capex / operating cash flow | 0% | -0.04% | 0% | — | — | — | — |
| Payout ratio | — | — | — | — | — | — | 0% |
| — |
| $0 |
| — |
| FY20 | — | -$0.66 | — | — | $0 | — |
| 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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Cash & short-term investments | 1.6M | 39.1M | 26.4M | 13.4M | 5.8M | 8.5M |
| Receivables | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — |
| Total current assets | 1.7M | 40.4M | 27.2M | 14M | 6.6M | 9.3M |
| Property, plant & equipment | 1.3K | 172.9K | 81.3K | 173.9K | 82.2K | — |
| Goodwill & intangibles | — | — | — | — | — | — |
| Total assets | 1.8M | 40.6M | 28.1M | 14.9M | 7.3M | 9.3M |
| Accounts payable | 156K | 2.5M | 1.4M | 806K | 870.2K | 544.1K |
| Short-term debt | — | 96.5K | 80.5K | 101.7K | 84.2K | — |
| Total current liabilities | 2M | 4.6M | 3.4M | 2.8M | 3.4M | 6.2M |
| Long-term debt | 0 | 72.9K | 0 | 73.3K | 0 | — |
| Total liabilities | 2M | 4.7M | 3.4M | 2.8M | 3.4M | 6.2M |
| Shareholders' equity | -237.7K | 35.9M | 24.6M | 12.1M | 3.9M | 3.2M |
| Total debt | 0 | 169.3K | 80.5K | 175.1K | 84.2K | — |
| Net debt | -1.6M | -39M | -9.5M | -13.2M | -5.7M | — |
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 | 16M | 13.4M | 9.7M | 7.3M | 7.4M | 5.8M | 3.9M | 6.2M | 5.8M | 8.5M | 1.5M | 11.6M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 16.8M | 14M | 10.3M | 7.5M | 7.6M | 6.6M | 5M | 6.4M | 6.4M | 9.3M | 2.2M | 12M |
| Property, plant & equipment | 195.8K | 173.9K | 151.1K | 128.6K | 105.7K | 82.2K | 58.1K | 33.6K | 8.5K | — | — | — |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 17.8M | 14.9M | 10.9M | 8.1M | 8.2M | 7.3M | 5.4M | 6.8M | 6.8M | 9.3M | 2.2M | 12M |
| Accounts payable | 617.3K | 806K | 405.5K | 416.6K | 555.9K | 870.2K | 1.3M | 618.5K | 707.4K | 544.1K | 557.4K | 508.9K |
| Short-term debt | 101K | 101.7K | 102.5K | 103.2K | 104K | 84.2K | 59.5K | 6.5M | 8.7K | — | — | — |
| Total current liabilities | 2.4M | 2.8M | 1.5M | 1.9M | 2.2M | 3.4M | 2.6M | 8.5M | 2.2M | 6.2M | 933K | 615.4K |
| Long-term debt | 95.2K | 73.3K | 50.7K | 27.6K | 4K | 0 | — | — | — | — | — | — |
| Total liabilities | 2.5M | 2.8M | 1.6M | 2M | 2.2M | 3.4M | 2.6M | 8.5M | 2.2M | 6.2M | 933K | 615.4K |
| Shareholders' equity | 15.3M | 12.1M | 9.4M | 6.2M | 6M | 3.9M | 2.8M | -1.7M | 4.6M | 3.2M | 1.2M | 11.4M |
| Total debt | 196.2K | 175.1K | 153.1K | 130.8K | 108K | 84.2K | 59.5K | 6.5M | 8.7K | — | — | — |
| Net debt | -15.8M | -13.2M | -9.6M | -7.2M | -7.3M | -5.7M | -3.8M | 379.2K | -5.8M | — | — | — |
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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Net income | -3.6M | -7.7M | -14.3M | -15.4M | -15M | -20.8M |
| Depreciation & amortization | 852 | 1.4K | 1.8K | 1.3K | 735 | 0 |
| Stock-based compensation | 140K | 1.5M | 3M | 3M | 2.3M | 1.4M |
| Change in working capital | 115.9K | -4.3M | -1.9M | -679.9K | 474.2K | 2.8M |
| Operating cash flow | -3.3M | -10.5M | -13.3M | -13.6M | -12.2M | -14.8M |
| Capital expenditure | 0 | -3.9K | 0 | — | — | — |
| Investing cash flow | 0 | 447.7K | -16.4M | 17.1M | 0 | — |
| Dividends paid | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — |
| Financing cash flow | 1.2M | 18M | 0 | — | 4.7M | 17.5M |
| Net change in cash | -2.2M | 8M | -29.8M | 3.6M | -7.5M | 2.7M |
| Free cash flow | -3.3M | -11.3M | -13.1M | -13.4M | -12.3M | -14.8M |
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 | 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 | -3.9M | -4M | -3.8M | -4M | -3.1M | -4.1M | -4.5M | -5.2M | -3M | -8.1M | -2.5M | -1.8M |
| Depreciation & amortization | 321 | 320 | 735 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — | — |
| Stock-based compensation | 764.8K | 745.5K | 774.7K | 782.9K | 444.2K | 304.1K | 240.9K | 180.8K | 150.6K | 785.8K | 227.2K | -64.3K |
| Change in working capital | 262.2K | 408.6K | -1.2M | 390.2K | 173.8K | 1.1M | -762.9K | -572.3K | 249.4K | 3.9M | -5.2M | -317.6K |
| Operating cash flow | -3M | -2.8M | -4.3M | -2.8M | -2.5M | -2.7M | -5.1M | -4M | -2.6M | -3.2M | -7M | -1.9M |
| Capital expenditure | — | — | — | — | — | — | — | — | — | — | — | — |
| Investing cash flow | 7M | 0 | 0 | 0 | 0 | 0 | — | — | — | — | — | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 0 | — | 316K | 38.1K | 2.6M | 1.8M | 3.2M | 570.1K | 2.2M | 5.9M | 0 | 12M |
| Net change in cash | 4M | -2.8M | -4M | -2.8M | 140.9K | -877.6K | -1.9M | -3.4M | -332.2K | 2.7M | -7M | 10.1M |
| Free cash flow | -3.7M | -2.6M | -3.9M | -2.5M | -2.5M | -3.4M | -5M | -4M | -2.6M | -3.2M | -7M | -1.9M |