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 | -$0.37 | -$0.13 | +64.9% | — | — | — |
| Q3 25 | -$0.3 | -$0.33 | -10.0% | — | — | — |
| Q2 25 | -$0.23 | -$0.32 | -39.1% | — | — | — |
| Q1 25 | -$0.38 | -$0.45 | -18.4% | — | $0 | — |
| Q3 24 | -$0.35 | -$0.34 | +2.9% | — | $0 | — |
| Q2 24 | -$0.33 | -$0.28 | +15.2% | — | $0 | — |
| Q1 24 | -$0.39 | -$0.27 | +30.8% | — | $0 | — |
| Q4 23 | -$0.44 | -$0.37 | +15.9% | — | $0 | — |
| Q3 23 | -$0.44 | -$0.43 | +2.3% | — | $0 | — |
| Q2 23 | -$0.65 | -$0.68 | -4.6% | — | $0 | — |
| Q1 23 | -$0.7 | -$0.59 | +15.7% | — | $0 | — |
| Q4 22 | -$0.59 | -$0.7 | -18.6% | — | $0 | — |
| Q3 22 | -$0.67 | -$0.56 | +16.4% | — | $0 | — |
| Q2 22 | -$0.68 | -$0.64 | +5.9% | — | $0 | — |
| Q1 22 | -$0.66 | -$0.6 | +9.1% | — | $0 | — |
| Q4 21 | — | -$1.33 | — | — | $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 % |
|---|---|---|---|---|---|---|
| FY24 | — | -$1.45 | — | — | $0 | — |
| FY23 | — | -$1.98 | — | — | $0 | — |
| FY22 | — | -$2.48 | — | — | $0 | — |
| FY21 | — | -$17.3 | — | — | $0 | — |
| FY20 | — | -$1.26 | — | — |
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 |
|---|---|---|---|---|---|---|
| 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 | Q4 22 | Q1 23 | Q2 23 | Q3 23 | Q4 23 | Q1 24 | Q2 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 |
|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — |
| Research & development | 7.9M | 8.5M | 30.2M | 47M | 67.8M | 71.5M |
| Selling, general & administrative | 2M | 1.7M | 11.1M | 24.4M | 23.6M | 23.7M |
| Operating expenses | 9.9M | 10.1M | 41.2M | 71.4M | 91.4M | 95.2M |
| Operating income | -9.9M | -10.1M | -41.2M | -71.4M | -91.4M | -95.2M |
| Operating margin | — | — | — | — | — | — |
| Non-operating income, net | -824K | -1.9M | -26.2M | 130K | 331K | -3.6M |
| Pretax income | -10.7M | -12M | -67.8M | -70.2M | -85.2M | -94M |
| Income tax | — | 0 | 68K | 1.3M | 852K | 1.4M |
| Net income | -10.7M | -12M | -67.9M | -71.5M | -86.1M | -95.5M |
| Net margin | — | — | — | — | — | — |
| EBITDA | -10.7M | -12.1M | -67.8M | -69.5M | -84.8M | -90.7M |
| EPS | -2.22 | -1.26 | -17.3 | -2.48 | -1.98 | -1.45 |
| Diluted EPS | -2.22 | -1.26 | -17.3 | -2.48 | -1.98 | -1.45 |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | Q4 22 | Q1 23 | Q2 23 | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Research & development | 14.4M | 11.9M | 16.5M | 17.7M | 21.8M | 14.3M | 15.8M | 20.2M | 21.1M | 16.4M | 16.7M | 13.7M |
| Selling, general & administrative | 6M | 6M | 5.3M | 5.8M | 6.4M | 5.9M | 5.7M | 6.3M | 5.8M | 6.2M | 6.5M | 5.6M |
| Operating expenses | 20.4M | 17.9M | 21.9M | 23.5M | 28.2M | 20.2M | 21.5M | 26.5M | 26.9M | 22.6M | 23.2M | 19.4M |
| Operating income | -20.4M | -17.9M | -21.9M | -23.5M | -28.2M | -20.2M | -21.5M | -26.5M | -26.9M | -22.6M | -23.2M | -19.4M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | 522K | 258K | 10K | -342K | 405K | -462K | -90K | 1.6M | -4.7M | -105K | -3M | 9.9M |
| Pretax income | -19.1M | -16.6M | -20.6M | -22.1M | -25.8M | -19M | -20.3M | -23.8M | -30.9M | -22.3M | -26.1M | -10M |
| Income tax | 987K | 406K | 532K | -439K | 353K | 415K | 374K | 209K | 445K | 146K | 118K | -1.7M |
| Net income | -20.1M | -17M | -21.2M | -21.7M | -26.2M | -19.5M | -20.7M | -24M | -31.3M | -22.4M | -26.2M | -8.4M |
| Net margin | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -19.4M | -18M | -21.7M | -22.9M | -26M | -19.5M | -21.2M | -27.9M | -22.1M | -22.3M | -22.7M | -18.9M |
| EPS | -0.7 | -0.59 | -0.74 | -0.43 | — | -0.3 | -0.31 | -0.36 | — | -0.34 | -0.4 | -0.13 |
| Diluted EPS | -0.7 | -0.59 | -0.74 | -0.43 | — | -0.3 | -0.31 | -0.36 | — | -0.34 | -0.4 | -0.13 |
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 | Current |
|---|---|---|---|---|---|---|---|
| Market cap | — | — | — | — | — | — | 143.9K |
| Enterprise value | — | — | — | — | — | — | -12M |
| Shares outstanding | 4.8M | 11.5M | 4.3M | 28.8M | 43.5M | 65.9M | 65.9M |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | Current |
|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | -0 |
| P/B | — | — | — | — | — | — | 3.69 |
| EV/EBITDA | — | — | — | — | — | — | 0.13 |
| Earnings yield | — | — | — | — | — | — | -72.5K% |
| FCF yield | — | — | — | — | — | — | -34.1K% |
| PEG | — | — | — | — | — | — | 0 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | Current |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | — | 0% |
| Net margin | — | — | — | — | — | — | 0% |
| ROE | 45.7% | 34.1% | -32% | -51.5% | -64.6% | -203.1% | -240.5% |
| ROA | -114% | -213% | -30.5% | -47.1% | -57.1% | -141.1% | -88.6% |
| ROIC | — | 26.2% | -10.5K% | 7.6K% | 1.2K% | 857.4% | 791.2% |
| Return on tangible assets | -114% | -213% | -30.5% | -47.1% | -57.1% | -141.1% | -221.1% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | Current |
|---|---|---|---|---|---|---|---|
| Current ratio | 0.87 | 1.85 | 21.5 | 13.9 | 9.37 | 3.33 | 2.01 |
| Quick ratio | 0.87 | 1.85 | 21.5 | 13.9 | 9.37 | 3.33 | 2.01 |
| Debt / equity | -0.37 | — | 0 | 0.02 | 0.02 | 0.04 | 19.9 |
| Debt / assets | 0.92 | — | 0 | 0.02 | 0.02 | 0.03 | 0.45 |
| Net debt / EBITDA | -0.08 | — | 3.12 | 2.01 | 1.66 | 0.64 | 0.15 |
| Interest coverage | -1.8K | -462.2 | -186.8 | -231.4 | — | — | — |
| Effective tax rate | — | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | Current |
|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (basic) | -2.22 | -1.26 | -17.3 | -2.48 | -1.98 | -1.45 | -1.45 |
| EPS (diluted) | -2.22 | -1.26 | -17.3 | -2.48 | -1.98 | -1.45 | -0.23 |
| Book value per share | -4.87 | -3.06 | 48.9 | 4.82 | 3.06 | 0.71 | 0.01 |
| FCF per share | -1.84 | -0.86 | -9.41 | -2.1 | -1.66 | -1.25 | -1.21 |
| Cash per share | 1.62 | 0.29 | 48.8 | 4.95 | 3.29 | 0.91 | 0.43 |
| Capex per share | — | 0 | 0.04 | 0.02 | 0.01 | 0 | 0 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | Current |
|---|---|---|---|---|---|---|---|
| Capex / operating cash flow | — | 0% | -0.42% | -1.08% | -0.41% | -0.05% | -0.09% |
| Payout ratio | — | — | — | — | — | — | 0% |
| $0 |
| — |
| FY19 | — | -$2.22 | — | — | $0 | — |
| Q3 24 |
|---|
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| 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 |
|---|---|---|---|---|---|---|
| Cash & short-term investments | 7.8M | 3.4M | 211.5M | 142.6M | 143.2M | 60M |
| Receivables | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — |
| Total current assets | 9.4M | 5.6M | 221.7M | 148.2M | 147.3M | 65M |
| Property, plant & equipment | — | — | 155K | 3.2M | 3.1M | 2.4M |
| Goodwill & intangibles | — | — | — | — | — | — |
| Total assets | 9.4M | 5.7M | 222.3M | 151.8M | 150.7M | 67.7M |
| Accounts payable | 997K | 522K | 3.9M | 4M | 3.9M | 4.7M |
| Short-term debt | 8.7M | — | — | 515K | 655K | 717K |
| Total current liabilities | 10.8M | 3M | 10.3M | 10.7M | 15.7M | 19.5M |
| Long-term debt | — | — | 0 | 2.3M | 1.8M | 1.2M |
| Total liabilities | 33M | 41M | 10.4M | 13M | 17.6M | 20.7M |
| Shareholders' equity | -23.5M | -35.3M | 211.9M | 138.9M | 133.2M | 47M |
| Total debt | 8.7M | — | 0 | 2.8M | 2.5M | 1.9M |
| Net debt | 817K | — | -211.5M | -139.8M | -140.7M | -58.1M |
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 | Q4 22 | Q1 23 | Q2 23 | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 142.6M | 128.5M | 110.1M | 165.5M | 143.2M | 118M | 100.7M | 80.2M | 60M | 37.1M | 28.1M | 30.7M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 148.2M | 132.3M | 113M | 168.3M | 147.3M | 124.1M | 107.7M | 86.2M | 65M | 42.3M | 39M | 36.8M |
| Property, plant & equipment | 3.2M | 842K | 3.4M | 3.2M | 3.1M | 2.9M | 2.7M | 2.5M | 2.4M | 2.2M | 2.1M | 1.8M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 151.8M | 136.8M | 117.6M | 172.6M | 150.7M | 128.2M | 111.5M | 89.9M | 67.7M | 45.7M | 42.3M | 40M |
| Accounts payable | 4M | 4.3M | 4.5M | 6.6M | 3.9M | 3.8M | 5M | 5.3M | 4.7M | 5.2M | 5.5M | 5.6M |
| Short-term debt | 515K | 559K | 613K | 627K | 655K | 666K | 678K | 694K | 717K | 735K | 768K | 788K |
| Total current liabilities | 10.7M | 10.4M | 10.9M | 13M | 15.7M | 11M | 13.7M | 16.1M | 19.5M | 18.3M | 19.9M | 18.3M |
| Long-term debt | 2.3M | 2.3M | 2.2M | 2M | 1.8M | 1.6M | 1.5M | 1.3M | 1.2M | 1M | 7.6M | 17.3M |
| Total liabilities | 13M | 12.6M | 13M | 15M | 17.6M | 12.7M | 15.2M | 17.4M | 20.7M | 19.3M | 40.7M | 39M |
| Shareholders' equity | 138.9M | 124.2M | 104.5M | 157.6M | 133.2M | 115.5M | 96.3M | 72.6M | 47M | 26.4M | 1.6M | 911K |
| Total debt | 2.8M | 2.8M | 2.8M | 2.6M | 2.5M | 2.3M | 2.1M | 2M | 1.9M | 1.8M | 8.4M | 18.1M |
| Net debt | -139.8M | -125.7M | -107.3M | -162.9M | -140.7M | -115.7M | -98.6M | -78.2M | -58.1M | -35.3M | -19.8M | -12.5M |
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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 |
|---|---|---|---|---|---|---|
| Net income | -10.7M | -12M | -67.9M | -71.5M | -86.1M | -95.5M |
| Depreciation & amortization | — | — | 2K | 540K | 756K | 849K |
| Stock-based compensation | 131K | 64K | 1.8M | 7M | 8.1M | 6.5M |
| Change in working capital | 103K | -475K | 3.4M | -106K | -734K | 114K |
| Operating cash flow | -9.7M | -10.6M | -36.2M | -63.9M | -78M | -88M |
| Capital expenditure | — | 0 | -153K | -690K | -323K | -44K |
| Investing cash flow | — | 0 | -153K | -690K | -323K | -44K |
| Dividends paid | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — |
| Financing cash flow | 9M | 5.1M | 253M | 0 | 71.9M | 0 |
| Net change in cash | -667K | -5.5M | 216.6M | -64.6M | -6.5M | -88M |
| Free cash flow | -8.9M | -10M | -40.8M | -60.4M | -72.1M | -82.4M |
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 | Q4 22 | Q1 23 | Q2 23 | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -20.1M | -17M | -21.2M | — | — | — | — | — | -31.3M | -22.4M | -26.2M | -8.4M |
| Depreciation & amortization | 190K | 174K | 187K | — | — | — | — | — | 219K | 227K | 234K | 230K |
| Stock-based compensation | 1.7M | 1.9M | 1.6M | — | — | — | — | — | 1.6M | 1.6M | 1.6M | 1.5M |
| Change in working capital | 1.8M | -721K | 56K | 22K | 780K | -792K | 5K | -48K | 46K | -460K | 37K | -102K |
| Operating cash flow | -16.4M | -15.7M | -19.3M | 22K | 780K | -792K | 5K | -48K | -29.4M | -21.1M | -24.3M | -5.9M |
| Capital expenditure | -349K | -148K | -39K | — | — | — | — | — | -11K | -28K | -26K | -4K |
| Investing cash flow | -349K | -148K | -39K | — | — | — | — | — | -11K | -28K | -26K | -4K |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 0 | — | — | — | — | — | — | — | 0 | — | — | 14.7M |
| Net change in cash | -16.8M | -15.9M | -19.4M | 22K | 780K | -792K | 5K | -48K | -29.4M | -21.1M | -24.4M | 8.8M |
| Free cash flow | -12.9M | -14.8M | -18.3M | — | — | — | — | — | -19.6M | -23.1M | -19.8M | -18.5M |