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 | -$0.2 | -$0.05 | +75.0% | — | $0 | — |
| Q1 26 | -$0.18 | -$0.2 | -11.1% | — | $0 | — |
| Q3 25 | -$0.32 | -$0.24 | +25.0% | — | $0 | — |
| Q2 25 | -$0.38 | -$0.34 | +10.5% | — | $0 | — |
| Q1 25 | -$0.45 | -$0.43 | +4.4% | — | $50K | — |
| Q4 24 | -$0.53 | -$0.4 | +24.5% | — | $0 | — |
| Q3 24 | -$0.49 | -$0.6 | -22.4% | — | $0 | — |
| Q2 24 | -$0.62 | -$0.5 | +19.4% | — | $0 | — |
| Q1 24 | -$0.52 | -$0.61 | -17.3% | — | $14K | — |
| Q4 23 | -$0.46 | -$0.47 | -2.2% | — | $28K | — |
| Q3 23 | -$0.39 | -$0.48 | -23.1% | — | $43K | — |
| Q2 23 | -$0.4 | -$0.36 | +10.0% | — | $46K | — |
| Q1 23 | -$0.02 | -$0.36 | -1700.0% | — | $38K | — |
| Q4 22 | -$0.48 | -$0.32 | +33.3% | — | $97K | — |
| Q3 22 | -$0.52 | -$0.43 | +17.3% | — | $98K | — |
| Q2 22 | -$0.5 | -$0.38 | +24.0% | — | $16K | — |
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 | — | -$1.86 | — | — | $50K | — |
| FY24 | — | -$2.11 | — | — | $14K | — |
| FY23 | — | -$1.67 | — | — | $155K | — |
| FY22 | — | -$1.52 | — | — | $374K |
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 | $11K | $181K | $374K | $155K | $14K | $50K |
| YoY change | — | 0% | 0% | 0% | +InfinityT% | +1.5K% | +106.6% | -58.6% | -91% | +257.1% |
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 | 11K | 181K | 374K | 155K | 14K | 50K |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — |
| Research & development | 101.5K | 435.4K | 3.4M | 3.3M | 5.9M | 20.5M | 17.1M | 20.3M | 33.2M | 20.7M |
| Selling, general & administrative | 126K | 546.1K | 9.1M | 6M | 6.3M | 8.8M | 9.3M | 9.6M | 9.5M | 10.3M |
| Operating expenses | 227.5K | 981.5K | 12.4M | 7.8M | 12.2M | 29.3M | 26.3M | 29.9M | 42.6M | 30.9M |
| Operating income | -227.5K | -981.5K | -12.4M | -9.3M | -12.2M | -29.2M | -26M | -29.7M | -42.6M | -30.9M |
| Operating margin | — | — | — | — | -111.2K% | -16.1K% | -6.9K% | -19.2K% | -304.5K% | -61.7K% |
| Non-operating income, net | -50K | 150K | — | 1.6M | 129K | -1.2M | -1.3M | -267K | 553K | -15.1M |
| Pretax income | -277.5K | -831.5K | -12.4M | -7.7M | -12.1M | -30.3M | -27.3M | -30M | -42.1M | -45.9M |
| Income tax | — | — | — | — | — | — | — | — | — | — |
| Net income | -277.5K | -831.5K | -12.4M | -7.7M | -12.1M | -30.3M | -27.3M | -30M | -42.1M | -45.9M |
| Net margin | — | — | — | — | -110K% | -16.8K% | -7.3K% | -19.4K% | -300.6K% | -91.9K% |
| EBITDA | -177.5K | -1.1M | -12.4M | -10.8M | -12.2M | -29.2M | -26M | -29.7M | -42.6M | -14.3M |
| EPS | -0.02 | -0.07 | -1.11 | -0.75 | -1.01 | -1.88 | -1.52 | -1.67 | -2.11 | -1.86 |
| Diluted EPS | -0.02 | -0.07 | -1.11 | -0.75 | -1.01 | -1.88 | -1.52 | -1.67 | -2.11 | -1.86 |
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 | 43K | 28K | 14K | 0 | 0 | 0 | 50K | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Research & development | 6M | 6M | 8.7M | 7.1M | 10.1M | 7.4M | 7.6M | 5.8M | 4.9M | 2.3M | 3.6M | -803K |
| Selling, general & administrative | 2.6M | 2.4M | 2.3M | 2.8M | 2.2M | 2.1M | 2.3M | 2.3M | 2.5M | 3.1M | 2.2M | 2.3M |
| Operating expenses | 8.6M | 8.4M | 11M | 9.9M | 12.3M | 9.5M | 10M | 8.1M | 7.4M | 5.5M | 5.8M | 1.5M |
| Operating income | -8.5M | -8.4M | -11M | -9.9M | -12.3M | -9.5M | -9.9M | -8.1M | -7.4M | -5.5M | -5.8M | -1.5M |
| Operating margin | -19.8K% | -29.9K% | -78.7K% | — | — | — | -19.8K% | — | — | — | — | — |
| Non-operating income, net | -35K | -29K | -8K | 119K | 193K | 249K | 166K | -16.4M | 961K | 210K | 405K | 203K |
| Pretax income | -8.6M | -8.4M | -11M | -9.7M | -12.1M | -9.2M | -9.7M | -24.5M | -6.5M | -5.3M | -5.4M | -1.3M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — |
| Net income | -8.6M | -8.4M | -11M | -9.7M | -12.1M | -9.2M | -9.7M | -24.5M | -6.5M | -5.3M | -5.4M | -1.3M |
| Net margin | -19.9K% | -30K% | -78.8K% | — | — | — | -19.5K% | — | — | — | — | — |
| EBITDA | -8.5M | -8.4M | -11M | -9.9M | -12.3M | -9.5M | -9.9M | 8.5M | -7.4M | -5.4M | -5.8M | -1.4M |
| EPS | -0.48 | — | -0.61 | -0.5 | -0.6 | — | -0.43 | -1.05 | -0.24 | — | -0.2 | -0.05 |
| Diluted EPS | -0.48 | — | -0.61 | -0.5 | -0.6 | — | -0.43 | -1.05 | -0.24 | — | -0.2 | -0.05 |
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 | — | — | — | 59.6M | — | — | — | 202.5M | — | — | 55.5M |
| Enterprise value | — | — | — | 52.8M | — | — | — | 177.1M | — | — | 39.3M |
| Shares outstanding | 11.2M | 11.2M | 11.2M | 10.3M | 12M | 16.1M | 17.9M | 18M | 19.9M | 24.8M | 24.8M |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | — | — | — | -1.08 |
| P/S | — | — | — | — | — | — | — | 1.3K | — | — | 1.1K |
| P/B | — | — | — | 2.52 | — | — | — | 5.31 | — | — | 2.7 |
| EV/EBITDA | — | — | — | -4.87 | — | — | — | -5.95 | — | — | -2.76 |
| EV/Sales | — | — | — | — | — | — | — | 1.1K | — | — | 786.7 |
| Earnings yield | — | — | — | — | — | — | — | — | — | — | -92.5% |
| FCF yield | — | — | — | -9.04% | — | — | — | -5.92% | — | — | -18.1% |
| PEG | — | — | — | — | — | — | — | — | — | — | 0.01 |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | -111.2K% | -16.1K% | -6.9K% | -19.2K% | -304.5K% | -61.7K% | -61.7K% |
| Net margin | — | — | — | — | -110K% | -16.8K% | -7.3K% | -19.4K% | -300.6K% | -91.9K% | 0% |
| ROE | 186% | -4.59% | -75.2% | -32.5% | -31.2% | -37.8% | -45.4% | -78.7% | -131.1% | -195.3% | -74.8% |
| ROA | -61.4% | -4.52% | -71.6% | -31.4% | -29.8% | -30.4% | -33.4% | -52.6% | -106.4% | -142% | -39.1% |
| Return on tangible assets | -61.4% | 5.69% | 79.4% | 89.7% | -158.6% | -45.3% | -56% | -125.2% | -644% | -142% | -68.6% |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 0.75 | 6.13 | 1.03 | 11.1 | 13.5 | 19 | 5.92 | 2.16 | 3.14 | 3.55 | 4.04 |
| Quick ratio | 0.75 | 6.13 | 1.03 | 11.1 | 13.5 | 19 | 5.92 | 2.16 | 3.14 | 3.55 | 4.04 |
| Debt / equity | -2.35 | — | 0 | 0.01 | 0 | 0.19 | 0.25 | 0.27 | 0.01 | 0.04 | 0.07 |
| Debt / assets | 0.78 | — | 0 | 0.01 | 0 | 0.15 | 0.19 | 0.18 | 0.01 | 0.03 | 0.05 |
| Net debt / EBITDA | -1.17 | — | 0.01 | 0.63 | 1.78 | 2.04 | 1.42 | 0.85 | 0.48 | 1.66 | 0.85 |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 0 | 0 | 0 | 0.01 | 0.02 | 0.01 | 0 | 0 | 0 |
| EPS (basic) | -0.02 | -0.07 | -1.11 | -0.75 | -1.01 | -1.88 | -1.52 | -1.67 | -2.11 | -1.86 | -1.86 |
| EPS (diluted) | -0.02 | -0.07 | -1.11 | -0.75 | -1.01 | -1.88 | -1.52 | -1.67 | -2.11 | -1.86 | -0.62 |
| Book value per share | -0.01 | 1.61 | 1.47 | 2.3 | 3.23 | 4.97 | 3.35 | 2.12 | 1.61 | 0.95 | 0.74 |
| FCF per share | -0.03 | -0.08 | -0.18 | -0.52 | -0.75 | -2.7 | -1.27 | -0.67 | -1.67 | -0.95 | -0.59 |
| Cash per share | 0.01 | 0.12 | 0.02 | 0.68 | 1.83 | 4.64 | 2.91 | 1.99 | 1.05 | 1 | 0.66 |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Payout ratio | — | — | — | — | — | — | — | — | — | — | 0% |
| — |
| FY21 | — | -$1.88 | — | — | $181K | — |
| FY20 | — | -$1.01 | — | — | $11K | — |
| FY19 | — | -$0.75 | — | — | $0 | — |
| FY18 | — | -$1.11 | — | — | $0 | — |
| FY17 | — | -$0.07 | — | — | $0 | — |
| FY16 | — | -$0.02 | — | — | $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 | $43K | $28K | $14K | $0 | $0 | $0 | $50K | $0 | $0 | $0 | $0 | $0 |
| YoY change | -56.1% | -71.1% | -63.2% | -100% | -100% | -100% | +257.1% | 0% | 0% | 0% | -100% | 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 | 141.7K | 1.4M | 186.2K | 7M | 22M | 74.8M | 52.2M | 35.8M | 20.9M | 24.8M |
| Receivables | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 451.6K | 1.9M | 849.3K | 7.8M | 24M | 82.6M | 64.7M | 39.9M | 22.7M | 29.9M |
| Property, plant & equipment | — | — | 0 | 383.1K | 156.2K | 0 | 0 | 0 | 0 | 955K |
| Goodwill & intangibles | 0 | 33M | 33M | 33M | 33M | 33M | 33M | 33M | 33M | 0 |
| Total assets | 451.6K | 18.4M | 17.4M | 24.5M | 40.7M | 99.9M | 81.8M | 57M | 39.6M | 32.4M |
| Accounts payable | 220.8K | 309.7K | 823.8K | 692.1K | 1.6M | 3.8M | 5.2M | 7.9M | 6.6M | 7.8M |
| Short-term debt | 350K | — | — | 8.3K | 34K | 72K | 5.1M | 10M | 140K | 623K |
| Total current liabilities | 600.8K | 309.7K | 823.8K | 700.4K | 1.8M | 4.4M | 10.9M | 18.5M | 7.2M | 8.4M |
| Long-term debt | — | — | 0 | 160.2K | 126K | 15.2M | 10.2M | 397K | 244K | 411K |
| Total liabilities | 600.8K | 309.7K | 823.8K | 860.5K | 1.9M | 19.7M | 21.7M | 18.9M | 7.5M | 8.8M |
| Shareholders' equity | -149.2K | 18.1M | 16.5M | 23.6M | 38.8M | 80.2M | 60.1M | 38.1M | 32.1M | 23.5M |
| Total debt | 350K | — | 0 | 168.5K | 160K | 15.2M | 15.3M | 10.4M | 384K | 1M |
| Net debt | 208.3K | — | -186.2K | -6.8M | -21.8M | -59.6M | -36.8M | -25.4M | -20.5M | -23.7M |
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 | 41.8M | 35.8M | 26M | 31.1M | 33.6M | 20.9M | 19.3M | 33.4M | 27.7M | 24.8M | 21.4M | 18.4M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 45.6M | 39.9M | 29.8M | 35.5M | 35.9M | 22.7M | 21M | 36M | 30.7M | 29.9M | 22.8M | 23.8M |
| Property, plant & equipment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.1M | 878K | 955K | 903K | 1.3M |
| Goodwill & intangibles | 33M | 33M | 33M | 33M | 33M | 33M | 33M | 0 | 0 | 0 | — | — |
| Total assets | 62.7M | 57M | 46.8M | 52.5M | 52.8M | 39.6M | 37.8M | 37.7M | 33.4M | 32.4M | 25.8M | 26.8M |
| Accounts payable | — | 7.9M | — | 9.4M | 10.6M | 6.6M | 7.3M | 7.9M | 6.9M | 7.8M | 4.7M | 5.1M |
| Short-term debt | 10.1M | 10M | 7.6M | 5.1M | 2.6M | 140K | 146K | 220K | 457K | 623K | 704K | 812K |
| Total current liabilities | 14.4M | 18.5M | 17.4M | 15.1M | 13.8M | 7.2M | 7.9M | 8.6M | 7.4M | 8.4M | 5.4M | 5.9M |
| Long-term debt | 2.8M | 397K | 360K | 322K | 284K | 244K | 201K | 231K | 623K | 411K | 806K | 593K |
| Total liabilities | 18M | 18.9M | 17.8M | 15.4M | 14.1M | 7.5M | 8.1M | 8.8M | 8M | 8.8M | 6.2M | 6.5M |
| Shareholders' equity | 44.7M | 38.1M | 29M | 37.1M | 38.7M | 32.1M | 29.7M | 28.9M | 25.4M | 23.5M | 19.6M | 20.4M |
| Total debt | 12.9M | 10.4M | 7.9M | 5.4M | 2.9M | 384K | 347K | 451K | 1.1M | 1M | 1.5M | 1.4M |
| Net debt | -28.9M | -25.4M | -18.1M | -25.6M | -30.6M | -20.5M | -19M | -32.9M | -26.7M | -23.7M | -19.8M | -17M |
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 | -277.5K | -831.5K | -12.4M | -7.7M | -12.1M | -30.3M | -27.3M | -30M | -42.1M | -45.9M |
| Depreciation & amortization | — | — | — | — | — | — | — | — | — | 84K |
| Stock-based compensation | 0 | 199.6K | 10M | 4.1M | 3.1M | 4.8M | 7.1M | 7.4M | 7.6M | 9.9M |
| Change in working capital | -40.4K | 171.8K | 194.1K | -152.5K | 140K | -1.2M | -1.4M | 8.6M | -284K | -2.3M |
| Operating cash flow | -267.9K | -610.1K | -2.2M | -5.3M | -8.8M | -26.6M | -21.4M | -13.8M | -34.7M | -22.6M |
| Capital expenditure | — | — | — | — | — | — | — | — | — | — |
| Investing cash flow | — | — | — | — | — | — | — | — | — | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | 0 | -1M | 0 | — | — | — | — |
| Financing cash flow | 450K | 2.1M | 900K | 12.2M | 23.9M | 95.2M | 699K | -4.2M | 17.8M | 27.5M |
| Net change in cash | 182.1K | 1.4M | -1.3M | 6.9M | 15M | 68.6M | -20.7M | -18.1M | -16.9M | 5M |
| Free cash flow | -317.4K | -861.8K | -2.1M | -5.4M | -8.9M | -43.5M | -22.7M | -12M | -33.4M | -23.6M |
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 | -8.6M | -8.4M | -11M | -9.7M | -12.1M | -9.2M | -9.7M | -24.5M | -6.5M | -5.3M | -5.4M | -1.3M |
| Depreciation & amortization | — | — | — | — | — | — | — | — | 28K | 56K | 52K | 66K |
| Stock-based compensation | 1.9M | 1.9M | 1.8M | 2.4M | 1.7M | 1.8M | 2.1M | 1.5M | 3M | 3.3M | 1.5M | 1.4M |
| Change in working capital | 1.1M | 4M | 1.2M | -633K | 3.2M | -4.1M | 715K | -667K | -1.4M | -929K | 645K | -3.4M |
| Operating cash flow | -5.5M | -2.5M | -8M | -8M | -7.1M | -11.6M | -6.9M | -7.4M | -5.4M | -2.9M | -3.4M | -3.2M |
| Capital expenditure | — | — | — | — | — | — | — | — | — | — | — | — |
| Investing cash flow | — | — | — | — | — | — | — | — | — | — | — | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | -1.7M | -2.5M | -2.5M | 13M | 9.8M | -2.5M | 5.3M | 22.3M | 0 | 0 | 0 | 584K |
| Net change in cash | -7.3M | -5M | -10.5M | 5M | 2.7M | -14.1M | -1.7M | 14.9M | -5.4M | -2.9M | -3.4M | -2.6M |
| Free cash flow | -4.3M | -3.4M | -7.5M | -7.9M | -7M | -11M | -6.8M | -8.1M | -5.6M | -3.1M | -3.4M | -3.6M |