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 | -$0.6 | -$0.62 | -3.3% | — | $0 | — |
| Q1 26 | -$0.77 | -$0.57 | +26.0% | — | $0 | — |
| Q3 25 | -$0.85 | -$0.65 | +23.5% | — | $0 | — |
| Q2 25 | -$0.55 | -$1.06 | -92.7% | — | $0 | — |
| Q1 25 | -$0.61 | -$0.7 | -14.8% | — | $0 | — |
| Q4 24 | -$0.5 | -$0.62 | -24.0% | — | $0 | — |
| Q3 24 | -$0.8 | -$0.5 | +37.5% | — | $0 | — |
| Q2 24 | -$0.97 | -$0.7 | +27.8% | — | $0 | — |
| Q1 24 | -$1.53 | -$1.1 | +28.1% | — | $0 | — |
| Q4 23 | -$0.15 | -$0.16 | -6.7% | — | $0 | — |
| Q3 23 | -$1.82 | -$1.5 | +17.6% | — | $0 | — |
| Q2 23 | -$1.97 | -$1.8 | +8.6% | — | $0 | — |
| Q1 23 | -$2.37 | -$1.7 | +28.3% | — | $0 | — |
| Q4 22 | -$2.1 | -$2.3 | -9.5% | — | $0 | — |
| Q3 22 | -$2.33 | -$1.9 | +18.5% | — | $0 | — |
| Q2 22 | -$2.4 | -$1.8 | +25.0% | — | $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 | — | -$2.93 | — | — | $0 | — |
| FY24 | — | -$2.86 | — | — | $0 | — |
| FY23 | — | -$0.65 | — | — | $0 | — |
| FY22 | — | -$0.83 | — | — | $0 | — |
| FY21 | — | -$1.16 |
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 | $689.6K | $0 | $0 | $0 | $0 | $0 | $0 |
| YoY change | — | -100% | 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 |
|---|
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 | 689.6K | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — |
| Research & development | 19.7M | 9.5M | 14M | 23.1M | 15.5M | 6.3M | 5.8M |
| Selling, general & administrative | 3.8M | 1.3M | 4.6M | 7.8M | 7.4M | 4.3M | 6.7M |
| Operating expenses | 23M | 14.6M | 28.4M | 30.9M | 22.9M | 10.7M | 12.5M |
| Operating income | -22.3M | -14.6M | -28.4M | -30.9M | -22.9M | -10.7M | -12.5M |
| Operating margin | -3.2K% | — | — | — | — | — | — |
| Non-operating income, net | 43.2K | 839.2K | 577.4K | 2.7M | -10 | -307.1K | -187.2K |
| Pretax income | -23.8M | -16.2M | -30.2M | -28M | -22.5M | -10.8M | -12.5M |
| Income tax | — | — | — | — | — | — | — |
| Net income | -23.8M | -16.2M | -30.2M | -28M | -22.5M | -10.8M | -12.5M |
| Net margin | -3.5K% | — | — | — | — | — | — |
| EBITDA | -22.2M | -13.7M | -28.6M | -30.8M | -22.7M | -9.8M | -12.2M |
| EPS | -0.93 | -0.57 | -1.16 | -0.83 | -0.65 | -2.86 | -2.93 |
| Diluted EPS | -0.93 | -0.57 | -1.16 | -0.83 | -0.65 | -2.86 | -2.93 |
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 | 3.4M | 3.3M | 2.5M | 1.8M | 540.6K | 1.4M | 1.3M | 1.8M | 1.1M | 1.5M | 1.2M | 1.9M |
| Selling, general & administrative | 1.8M | 2.2M | 1.3M | 1.1M | 1.2M | 808.9K | 1.3M | 1.8M | 1.8M | 1.8M | 1.7M | 1.3M |
| Operating expenses | 5.2M | 5.5M | 3.8M | 3.1M | 1.9M | 2.2M | 2.5M | 3.7M | 3M | 3.3M | 2.9M | 3.2M |
| Operating income | -5.2M | -5.5M | -3.8M | -2.9M | -1.7M | -2.2M | -2.5M | -3.7M | -3M | -3.3M | -2.9M | -3.2M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | 8 | -18 | — | 161.5K | -180.9K | -287.7K | -247.4K | -549.8K | 46.8K | 563.2K | 58.6K | 15.8K |
| Pretax income | -5.1M | -5.5M | -3.8M | -2.7M | -1.8M | -2.5M | -2.8M | -4.2M | -2.9M | -2.6M | -2.7M | -3.1M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — |
| Net income | -5.1M | -5.5M | -3.8M | -2.7M | -1.8M | -2.5M | -2.8M | -4.2M | -2.9M | -2.6M | -2.7M | -3.1M |
| Net margin | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -5.2M | -5.4M | -3.8M | -2.7M | -1.5M | -1.9M | -2.3M | -3.3M | -2.8M | -3.8M | -2.8M | -3.2M |
| EPS | -0.15 | — | -1.1 | -0.7 | -0.5 | — | -0.7 | -1.06 | -0.65 | — | -0.57 | -0.62 |
| Diluted EPS | -0.15 | — | -1.1 | -0.7 | -0.5 | — | -0.7 | -1.06 | -0.65 | — | -0.57 | -0.62 |
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 | — | — | 1.2B | — | 367.7M | — | — | 61.8M |
| Enterprise value | — | — | 1.1B | — | 364.3M | — | — | 53.3M |
| Shares outstanding | 25.5M | 28.4M | 26M | 33.7M | 34.4M | 3.8M | 4.3M | 4.3M |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | -4.13 |
| P/B | — | — | 48.8 | — | -20.4 | — | — | -4.34 |
| EV/EBITDA | — | — | -39.2 | — | -16 | — | — | -4.51 |
| Earnings yield | — | — | — | — | — | — | — | -24.2% |
| FCF yield | — | — | -1.13% | — | -4.31% | — | — | -8.65% |
| PEG | — | — | — | — | — | — | — | 0.1 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Operating margin | -3.2K% | — | — | — | — | — | — | 0% |
| Net margin | -3.5K% | — | — | — | — | — | — | 0% |
| ROE | 65.5% | 30.1% | -127.1% | 7K% | 124.4% | 55.1% | 87.8% | 87.8% |
| ROA | -1.8K% | -356.5% | -75.1% | -130.4% | -493.3% | -188.5% | -87.7% | -123.8% |
| Return on tangible assets | -1.8K% | -356.5% | -75.1% | -130.4% | -493.3% | -188.5% | -87.7% | -118.1% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Current ratio | 0.12 | 0.29 | 2.41 | 1.61 | 0.32 | 0.72 | 1.06 | 1.23 |
| Quick ratio | 0.12 | 0.29 | 2.41 | 1.61 | 0.32 | 0.72 | 1.06 | 1.23 |
| Debt / equity | -0.74 | -0.81 | — | — | — | -0.25 | -0.36 | 0 |
| Debt / assets | 20.5 | 9.62 | — | — | — | 0.86 | 0.36 | 0.36 |
| Net debt / EBITDA | -1.19 | -2.99 | — | — | — | -0.04 | 0.67 | 0.74 |
| Interest coverage | -14.2 | -5.65 | -11.7 | — | — | — | — | — |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0.03 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (basic) | -0.93 | -0.57 | -1.16 | -0.83 | -0.65 | -2.86 | -2.93 | -2.93 |
| EPS (diluted) | -0.93 | -0.57 | -1.16 | -0.83 | -0.65 | -2.86 | -2.93 | -2.37 |
| Book value per share | -1.42 | -1.9 | 0.91 | -0.01 | -0.53 | -5.19 | -3.33 | -2.75 |
| FCF per share | -0.6 | -0.3 | -0.5 | -0.57 | -0.46 | -2.53 | -1.39 | -1.36 |
| Cash per share | 0.01 | 0.09 | 1.49 | 0.58 | 0.1 | 1.21 | 3.13 | 1.73 |
| Capex per share | 0.02 | 0 | 0.01 | 0.01 | 0 | 0 | — | — |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Capex / revenue | 61.8% | — | — | — | — | — | — | — |
| Capex / operating cash flow | -3.17% | -1.79% | -1.93% | -1.14% | -0.41% | 0% | — | — |
| Payout ratio | — | — | — | — | — | — | — | 0% |
| — |
| — |
| $0 |
| — |
| FY20 | — | -$0.57 | — | — | $0 | — |
| FY19 | — | -$0.93 | — | — | $689.6K | — |
| 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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 299K | 2.7M | 38.9M | 19.6M | 3.4M | 4.6M | 13.4M |
| Receivables | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — |
| Total current assets | 918.4K | 4.1M | 39.6M | 20.4M | 3.6M | 5M | 13.8M |
| Property, plant & equipment | 390.5K | 458.4K | 606.6K | 1.1M | 954K | 732.9K | 390.9K |
| Goodwill & intangibles | — | — | — | — | — | — | — |
| Total assets | 1.3M | 4.6M | 40.2M | 21.5M | 4.6M | 5.7M | 14.2M |
| Accounts payable | 2.5M | 3.1M | 3M | 5.8M | 3.9M | 2.7M | 3.4M |
| Short-term debt | — | — | — | — | — | — | 5.2M |
| Total current liabilities | 7.4M | 14.2M | 16.5M | 12.7M | 11.4M | 7M | 13M |
| Long-term debt | 26.8M | 43.8M | — | — | — | 4.9M | — |
| Total liabilities | 37.6M | 58.4M | 16.5M | 21.9M | 22.6M | 25.3M | 28.5M |
| Shareholders' equity | -36.3M | -53.9M | 23.8M | -401.3K | -18.1M | -19.6M | -14.2M |
| Total debt | 26.8M | 43.8M | — | — | — | 4.9M | 5.2M |
| Net debt | 26.5M | 41.1M | — | — | — | 347.6K | -8.2M |
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 | 6.4M | 3.4M | 5.8M | 9.3M | 6.3M | 4.6M | 3.2M | 1.7M | 14.3M | 13.4M | 9.5M | 8.8M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 6.5M | 3.6M | 6M | 9.5M | 6.6M | 5M | 3.6M | 2M | 14.5M | 13.8M | 10M | 9.3M |
| Property, plant & equipment | 991.5K | 954K | 895K | 850K | 799.5K | 732.9K | 687.5K | 473.2K | 429.3K | 390.9K | 354.5K | 318.5K |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 7.5M | 4.6M | 6.9M | 10.3M | 7.4M | 5.7M | 4.3M | 2.5M | 15M | 14.2M | 10.4M | 9.6M |
| Accounts payable | 4.3M | 3.9M | 3.5M | 3.2M | 2.4M | 2.7M | 2.7M | 3.3M | 3.7M | 3.4M | 3.4M | 3.9M |
| Short-term debt | — | — | — | — | — | — | 5.1M | 5.5M | 5.7M | 5.2M | — | — |
| Total current liabilities | 10.4M | 11.4M | 11.1M | 10.1M | 7.4M | 7M | 12.1M | 13.2M | 13.4M | 13M | 7.3M | 7.6M |
| Long-term debt | — | — | 4.2M | 4.4M | 4.6M | 4.9M | — | — | — | — | — | — |
| Total liabilities | 21M | 22.6M | 27.2M | 26.9M | 24.9M | 25.3M | 26.1M | 27.7M | 28.5M | 28.5M | 23.1M | 23.6M |
| Shareholders' equity | -13.6M | -18.1M | -20.3M | -16.6M | -17.6M | -19.6M | -21.8M | -25.2M | -13.5M | -14.2M | -12.7M | -14M |
| Total debt | — | — | 4.2M | 4.4M | 4.6M | 4.9M | 5.1M | 5.5M | 5.7M | 5.2M | — | — |
| Net debt | — | — | -1.6M | -4.9M | -1.7M | 347.6K | 1.9M | 3.8M | -8.6M | -8.2M | — | — |
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 | -23.8M | -16.2M | -30.2M | -28M | -22.5M | -10.8M | -12.5M |
| Depreciation & amortization | 36.8K | 55.1K | 78K | 121.7K | 204.6K | 215.4K | 181.7K |
| Stock-based compensation | 219.6K | 87.8K | 1.7M | 3M | 3.9M | 1.8M | 2.7M |
| Change in working capital | 5.6M | 2.7M | 3.3M | 5.6M | 626.4K | 1M | 2.6M |
| Operating cash flow | -13.4M | -5.3M | -12.9M | -22M | -17.8M | -7M | -5.9M |
| Capital expenditure | -426.5K | -95.2K | -249K | -250K | -73.6K | 0 | — |
| Investing cash flow | -426.5K | -95.2K | -249K | -250K | -73.6K | 0 | — |
| Dividends paid | — | — | — | — | — | — | — |
| Share repurchases | — | — | 0 | -157.2K | -477.6K | 0 | — |
| Financing cash flow | 22.9M | 21.9M | 58.7M | -157.2K | -477.6K | 10.8M | 14.3M |
| Net change in cash | 9M | 16.4M | 45.6M | -22.4M | -18.3M | 3.8M | 8.4M |
| Free cash flow | -15.4M | -8.4M | -13.1M | -19.1M | -15.8M | -9.6M | -5.9M |
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 | -5.1M | -5.5M | -3.8M | -2.7M | -1.8M | -2.5M | -2.8M | -4.2M | -2.9M | -2.6M | -2.7M | -3.1M |
| Depreciation & amortization | 53.5K | 53.6K | 53.8K | 45.1K | 62.6K | 53.9K | 50.8K | 48.8K | 43.7K | 38.6K | 36.1K | 36.1K |
| Stock-based compensation | 939.3K | 1.1M | 592K | 436.9K | 391.3K | 390K | 591.1K | 896.6K | 620.6K | 565.8K | 630.4K | 422.2K |
| Change in working capital | 81.7K | 13.9K | 302.7K | 240K | -268.9K | 773.9K | 479.5K | 1.2M | 987.3K | -90.5K | 125.1K | 846.1K |
| Operating cash flow | -4M | -4.3M | -2.9M | -1.8M | -3.2M | 855.8K | -1.6M | -1.6M | -941.3K | -2.1M | -1.7M | -2.1M |
| Capital expenditure | -23K | 0 | 0 | 0 | 0 | 0 | — | — | — | — | — | — |
| Investing cash flow | -23K | 0 | 0 | 0 | 0 | 0 | — | — | — | — | — | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | 2 | -2 | 0 | 0 | 0 | 0 | — | — | — | — | — | — |
| Financing cash flow | 2 | -2 | 5M | 0 | 0 | 0 | 0 | 0 | 13.1M | 1.3M | -7.2M | 1.4M |
| Net change in cash | -4.1M | -4.3M | 2.1M | -1.8M | -3.2M | 855.8K | -1.6M | -1.6M | 12.2M | -756.3K | -9M | -716.7K |
| Free cash flow | -4.2M | -3M | -2.5M | -2.3M | -3M | -1.7M | -1.3M | -1.6M | -941.3K | -2.1M | -1.7M | -2.1M |