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 % |
|---|---|---|---|---|---|---|
| Q3 26 | -$0.16 | -$0.08 | +50.0% | — | — | — |
| Q2 26 | -$0.14 | -$0.75 | -435.7% | — | — | — |
| Q1 26 | -$0.1 | -$0.21 | -110.0% | — | — | — |
| Q4 25 | -$0.13 | -$0.25 | -92.3% | — | — | — |
| Q3 25 | -$0.26 | -$0.12 | +53.8% | — | — | — |
| Q2 25 | -$0.2 | -$0.24 | -20.0% | — | — | — |
| Q1 25 | -$0.34 | -$0.23 | +32.4% | — | $4.4M | — |
| Q3 24 | -$0.23 | -$0.29 | -26.1% | — | $3.9M | — |
| Q2 24 | -$0.28 | -$0.3 | -7.1% | — | $1.1M | — |
| Q1 24 | -$0.14 | -$0.29 | -107.1% | — | $1.7M | — |
| Q4 23 | -$0.05 | -$0.21 | -320.0% | — | $1.7M | — |
| Q3 23 | -$0.23 | $0.25 | +208.7% | — | $11.9M | — |
| Q2 23 | -$0.24 | -$0.24 | 0.0% | — | $3.7M | — |
| Q1 23 | -$0.15 | -$0.28 | -86.7% | — | $1.7M | — |
| Q4 22 | $1 | $1.69 | +69.0% | — | $39.9M | — |
| Q3 22 | -$0.29 | -$0.22 | +24.1% | — | $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 | — | -$0.8 | — | — | $14.2M | — |
| FY24 | — | -$2.15 | — | — | $11M | — |
| FY23 | — | -$0.46 | — | — | $19M | — |
| FY22 | — | $0.9 | — | — | $39.9M | — |
| FY21 | — | -$3.82 |
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 | $0 | $0 | $589K | $39.9M | $19M | $11M | $14.2M |
| YoY change | — | 0% | +InfinityT% | +6.7K% | -52.2% | -42.3% | +29.1% |
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 |
|---|
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 | 0 | 0 | 589K | 39.9M | 19M | 11M | 14.2M |
| Cost of revenue | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — |
| Research & development | 2.4M | 6.6M | 15.2M | 14.4M | 17.7M | 26.9M | 30.8M |
| Selling, general & administrative | 1.8M | 2.8M | 8.1M | 7.3M | 12M | 18.2M | 22M |
| Operating expenses | 4.2M | 9.5M | 23.3M | 21.6M | 29.6M | 45.1M | 52.8M |
| Operating income | -4.2M | -9.5M | -22.7M | 18.2M | -10.6M | -34.1M | -38.6M |
| Operating margin | — | — | -3.9K% | 45.7% | -55.5% | -310% | -271.9% |
| Non-operating income, net | -567K | -8.3M | -34M | -14K | 1.9M | -23.5M | -9.5M |
| Pretax income | -6.2M | -24.6M | -56.7M | 18.2M | -10M | -57.5M | -49.6M |
| Income tax | 0 | 0 | 0 | 315K | 12K | 0 | 0 |
| Net income | -6.2M | -24.6M | -56.7M | 17.9M | -10M | -57.5M | -49.6M |
| Net margin | — | — | -9.6K% | 44.9% | -52.4% | -523.4% | -349.3% |
| EBITDA | -4.3M | -9.4M | -22.9M | 18.2M | -10M | -29.6M | -36.6M |
| EPS | -0.87 | -5.28 | -3.82 | 0.9 | -0.46 | -2.15 | -0.8 |
| Diluted EPS | -0.87 | -5.28 | -3.82 | 0.87 | -0.46 | -2.15 | -0.8 |
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 | 11.9M | 1.7M | 1.7M | 1.1M | 3.9M | 4.3M | 4.4M | 2.9M | 3.1M | 3.9M | 2.2M | 755K |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Research & development | 3.5M | 3.8M | 4.7M | 6.1M | 9M | 7M | 8M | 6M | 6.4M | 10.4M | 10.6M | 11.2M |
| Selling, general & administrative | 2.1M | 3.3M | 4.7M | 3.4M | 2.9M | 7.3M | 6.3M | 5.8M | 5M | 4.9M | 5.9M | 6M |
| Operating expenses | 5.5M | 7.1M | 9.4M | 9.4M | 11.9M | 14.3M | 14.3M | 11.8M | 11.4M | 15.3M | 16.5M | 17.2M |
| Operating income | 6.4M | -5.4M | -7.7M | -8.3M | -8M | -10M | -9.9M | -8.9M | -8.3M | -11.5M | -14.4M | -16.5M |
| Operating margin | 53.5% | -321.1% | -450.5% | -748.9% | -207.1% | -233.1% | -227.2% | -309% | -269.9% | -296.3% | -665.9% | -2.2K% |
| Non-operating income, net | 517K | 632K | 2K | 563K | -17K | -25.1M | 3.1M | 1.5M | -9.1M | -5M | -50.5M | 8.9M |
| Pretax income | 5.6M | -4.8M | -7.1M | -7.8M | -7.5M | -35.1M | -8.2M | -7.4M | -17.5M | -16.5M | -65.5M | -8.1M |
| Income tax | 14K | -2K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income | 5.6M | -4.8M | -7.1M | -7.8M | -7.5M | -35.1M | -8.2M | -7.4M | -17.5M | -16.5M | -65.5M | -8.1M |
| Net margin | 46.6% | -283.6% | -415.3% | -698.3% | -194.6% | -816.7% | -187.5% | -257.5% | -566.9% | -427.5% | -3K% | -1.1K% |
| EBITDA | 6.8M | -4.8M | -7.7M | -8.3M | -7.5M | -35.1M | -9.6M | -9.8M | -7.8M | -9.4M | -13.5M | -14.7M |
| EPS | 0.26 | — | -0.29 | -0.3 | -0.29 | — | -0.24 | -0.12 | -0.25 | — | -0.75 | -0.08 |
| Diluted EPS | 0.25 | — | -0.29 | -0.3 | -0.29 | — | -0.24 | -0.12 | -0.25 | — | -0.75 | -0.14 |
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 | 54.2M | — | — | — | 65M | — | — | 420.1M |
| Enterprise value | 58.3M | — | — | — | 14.5M | — | — | 343.4M |
| Shares outstanding | 7.1M | 4.7M | 14.9M | 19.9M | 21.6M | 26.7M | 62.2M | 62.2M |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | -6.34 |
| P/S | — | — | — | — | 3.41 | — | — | 40.2 |
| P/B | -7.17 | — | — | — | 1.3 | — | — | -37.3 |
| EV/EBITDA | -13.7 | — | — | — | -1.44 | — | — | -6.79 |
| EV/Sales | — | — | — | — | 0.76 | — | — | 34.8 |
| Earnings yield | — | — | — | — | — | — | — | -15.8% |
| FCF yield | -6.68% | — | — | — | -1.71% | — | — | -9.18% |
| PEG | — | — | — | — | — | — | — | 0.19 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | -3.9K% | 45.7% | -55.5% | -310% | -271.9% | -2.2K% |
| Net margin | — | — | -9.6K% | 44.9% | -52.4% | -523.4% | -349.3% | 0% |
| ROE | 81.6% | 182.8% | -255.1% | 38.7% | -20% | -855.6% | -323.1% | -4.8K% |
| ROA | -345.8% | -139.2% | -217.4% | 36.5% | -18.5% | -156.1% | -98.7% | -48.1% |
| ROIC | 122.2% | 31.7% | 1.1K% | 503.7% | 1.7K% | 144.4% | 134.9% | 77.2% |
| Return on tangible assets | -345.8% | -139.2% | -217.4% | 36.5% | -18.5% | -156.1% | -98.7% | -115.7% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Current ratio | 0.19 | 5.55 | 6.76 | 17.8 | 13.3 | 3.24 | 6.43 | 12.2 |
| Quick ratio | 0.19 | 5.55 | 6.76 | 17.8 | 13.3 | 3.24 | 6.43 | 12.2 |
| Debt / equity | -0.75 | — | 0.02 | — | — | — | 0.07 | -0.03 |
| Debt / assets | 3.18 | — | 0.02 | — | — | — | 0.02 | 0.39 |
| Net debt / EBITDA | -0.97 | — | 1.06 | — | — | — | 1.2 | 1.16 |
| Interest coverage | -3.38 | -2.6 | -28.3K | 2K | — | — | -32.8 | -39.6 |
| Effective tax rate | 0% | 0% | 0% | 1.73% | 0% | 0% | 0% | 0% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 0.04 | 2 | 0.88 | 0.41 | 0.23 | 0.12 |
| EPS (basic) | -0.87 | -5.28 | -3.82 | 0.9 | -0.46 | -2.15 | -0.8 | -0.8 |
| EPS (diluted) | -0.87 | -5.28 | -3.82 | 0.87 | -0.46 | -2.15 | -0.8 | -1.29 |
| Book value per share | -1.07 | -2.89 | 1.5 | 2.32 | 2.31 | 0.25 | 0.25 | -0.16 |
| FCF per share | -0.51 | -1.46 | -1.3 | 0.72 | -0.05 | -0.96 | -0.57 | -0.37 |
| Cash per share | 0.22 | 3.52 | 1.67 | 2.14 | 2.34 | 1.14 | 0.72 | 1.07 |
| Capex per share | 0 | 0 | — | — | — | — | — | — |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Capex / operating cash flow | -0.54% | 0% | — | — | — | — | — | — |
| Payout ratio | — | — | — | — | — | — | — | 0% |
| — |
| — |
| $589K |
| — |
| FY20 | — | -$5.28 | — | — | $0 | — |
| FY19 | — | -$0.87 | — | — | $0 | — |
| Q1 24 |
|---|
| Q2 24 |
|---|
| Q3 24 |
|---|
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $11.9M | $1.7M | $1.7M | $1.1M | $3.9M | $4.3M | $4.4M | $2.9M | $3.1M | $3.9M | $2.2M | $755K |
| YoY change | +InfinityT% | -95.8% | -2.17% | -69.7% | -67.6% | +154.4% | +155.4% | +159.2% | -20.4% | -10.2% | -50.6% | -73.8% |
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 | 1.5M | 16.4M | 24.8M | 42.7M | 50.5M | 30.3M | 45.1M |
| Receivables | — | — | 0 | 1.3M | 926K | 3.6M | 2M |
| Inventory | — | — | — | — | — | — | — |
| Total current assets | 1.8M | 17.7M | 26.1M | 49M | 53.9M | 36.6M | 50M |
| Property, plant & equipment | 22K | 14K | 10K | 6K | 0 | — | — |
| Goodwill & intangibles | — | — | — | — | — | — | — |
| Total assets | 1.8M | 17.7M | 26.1M | 49M | 53.9M | 36.9M | 50.2M |
| Accounts payable | 342K | 1.2M | 1.6M | 1.1M | 2.2M | 3.1M | 3.3M |
| Short-term debt | 5.7M | — | 538K | — | — | — | — |
| Total current liabilities | 9.3M | 3.2M | 3.9M | 2.8M | 4M | 11.3M | 7.8M |
| Long-term debt | — | — | — | — | — | — | 1.1M |
| Total liabilities | 9.3M | 31.1M | 3.9M | 2.8M | 4M | 30.1M | 34.9M |
| Shareholders' equity | -7.6M | -13.5M | 22.2M | 46.2M | 49.9M | 6.7M | 15.3M |
| Total debt | 5.7M | — | 538K | — | — | — | 1.1M |
| Net debt | 4.1M | — | -24M | — | — | — | -44M |
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 | 42.4M | 50.5M | 47.2M | 41.4M | 36.6M | 30.3M | 41.8M | 32.4M | 30.8M | 45.1M | 60M | 88.8M |
| Receivables | 10.1M | 926K | 1.9M | 1.4M | 1.9M | 3.6M | 3.1M | 3.4M | 2.9M | 2M | 1.7M | 1M |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 54.2M | 53.9M | 51.8M | 44.8M | 40.4M | 36.6M | 47.9M | 38.4M | 35.9M | 50M | 66.6M | 92.7M |
| Property, plant & equipment | 3K | 0 | 0 | 0 | 0 | — | — | — | — | — | — | — |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 54.2M | 53.9M | 51.8M | 44.8M | 40.4M | 36.9M | 48.2M | 38.7M | 36.1M | 50.2M | 66.8M | 93M |
| Accounts payable | 1.9M | 2.2M | 2.1M | 634K | 844K | 3.1M | 2.4M | 1.5M | 2.4M | 3.3M | 4.4M | 1.9M |
| Short-term debt | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | 3.9M | 4M | 5.8M | 4.2M | 6.1M | 11.3M | 24.3M | 20.2M | 29.1M | 7.8M | 9.3M | 7.6M |
| Long-term debt | — | — | — | — | — | — | — | 1M | 1.1M | 1.1M | 1.2M | 36.2M |
| Total liabilities | 3.9M | 4M | 5.8M | 4.2M | 6.1M | 30.1M | 43.1M | 21.2M | 30.2M | 34.9M | 112.6M | 106M |
| Shareholders' equity | 50.3M | 49.9M | 46.1M | 40.6M | 34.3M | 6.7M | 5.1M | 17.5M | 6M | 15.3M | -45.8M | -13M |
| Total debt | — | — | — | — | — | — | — | 1M | 1.1M | 1.1M | 1.2M | 36.2M |
| Net debt | — | — | — | — | — | — | — | -31.4M | -29.7M | -44M | -58.8M | -52.6M |
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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Net income | -6.2M | -24.6M | -56.7M | 17.9M | -10M | -57.5M | -49.6M |
| Depreciation & amortization | 3K | 8K | 4K | 4K | 6K | 10K | 53K |
| Stock-based compensation | 308K | 1.5M | 1.9M | 1.8M | 3.5M | 3.4M | 3.4M |
| Change in working capital | -168K | 792K | 381K | -5.4M | 3.6M | -3.2M | 2.6M |
| Operating cash flow | -4.6M | -5.7M | -52.8M | 14.3M | -1.5M | -29.4M | -35.3M |
| Capital expenditure | -25K | 0 | — | — | — | — | — |
| Investing cash flow | -25K | 539K | -100K | — | — | 1.2M | — |
| Dividends paid | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | -79K | -152K |
| Financing cash flow | 4.7M | 21.6M | 27.4M | 3.2M | 8.9M | 4.2M | 33.3M |
| Net change in cash | 62K | 16.5M | -25.5M | 17.6M | 7.4M | -24M | -1.9M |
| Free cash flow | -3.6M | -6.8M | -19.4M | 14.3M | -1.1M | -25.6M | -35.3M |
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 | 5.6M | -4.8M | -7.1M | -7.8M | -7.5M | -35.1M | -8.2M | -7.4M | -17.5M | -16.5M | -65.5M | -8.1M |
| Depreciation & amortization | 1K | 3K | 0 | 0 | 0 | 10K | 13K | 14K | 13K | 13K | 13K | 14K |
| Stock-based compensation | 573K | 711K | 985K | 806K | 776K | 795K | 913K | 896K | 816K | 774K | 1.5M | 1.4M |
| Change in working capital | -9.2M | 9.4M | -874K | -618K | -819K | -908K | 299K | -807K | 1.2M | 1.9M | 1.6M | -1.3M |
| Operating cash flow | -3M | 5.3M | -7M | -7.6M | -7.6M | -35.2M | -5.6M | -10.3M | -6.2M | -9.8M | -12.7M | -11.9M |
| Capital expenditure | — | — | — | — | — | — | — | — | — | — | — | — |
| Investing cash flow | — | — | — | — | — | — | — | — | — | — | — | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | 0 | — | -42K | 0 | 0 | -37K | -36K | 0 | 0 | -116K | -33K | 0 |
| Financing cash flow | 5.5M | 3.6M | 2.4M | 1.5M | 353K | -83K | 4.9M | 906K | 4.5M | 23M | 26.9M | 3.8M |
| Net change in cash | 2.5M | 8.9M | -4.6M | -6M | -7.2M | -35.3M | -657K | -9.4M | -1.6M | 13.1M | 14.1M | -8.2M |
| Free cash flow | -3M | 4.5M | -5.7M | -7.3M | -5.1M | -7.4M | -9M | -10.3M | -6.2M | -9.8M | -12.7M | -11.9M |