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 25 | -$0.09 | -$0.2 | -122.2% | — | $390K | — |
| Q2 25 | -$0.11 | -$0.16 | -45.5% | — | $0 | — |
| Q1 25 | -$0.14 | -$0.14 | 0.0% | — | $0 | — |
| Q4 24 | -$0.24 | -$0.12 | +50.0% | — | $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 % |
|---|---|---|---|---|---|---|
| FY24 | — | -$1.26 | — | — | $0 | — |
| FY23 | — | -$2.73 | — | — | $0 | — |
| FY22 | — | -$3.35 | — | — | $0 | — |
| FY21 | — | -$7.74 | — | — | $0 | — |
| FY20 | — | -$30 | — | — | $0 | — |
| FY19 | — | -$98.2 | — | — | $37K | — |
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 | $37K | $0 | $0 | $0 | $0 | $0 |
| YoY change | — | -100% | 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 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 |
|---|---|---|---|---|---|---|
| Revenue | $0 | $0 |
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 | 37K | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — | 254K |
| Gross profit | — | — | — | — | — | -254K |
| Gross margin | — | — | — | — | — | — |
| Research & development | 90.8M | 21.1M | 10.7M | 17.6M | 40M | 10.5M |
| Selling, general & administrative | 11.3M | 11.1M | 13.8M | 12.8M | 7.5M | 8M |
| Operating expenses | 102.1M | 32.1M | 24.5M | 30.4M | 47.5M | 18.4M |
| Operating income | -102M | -32.1M | -24.5M | -30.4M | -47.5M | -18.7M |
| Operating margin | -275.7K% | — | — | — | — | — |
| Non-operating income, net | 196K | -1.2M | -60.8M | -11.4M | 11.1M | -3.3M |
| Pretax income | -102.7M | -51.3M | -90.9M | -44.1M | -37.8M | -24.5M |
| Income tax | 444K | 743K | 705K | 301K | 613K | 240K |
| Net income | -103.1M | -52M | -91.6M | -44.4M | -38.4M | -24.8M |
| Net margin | -278.7K% | — | — | — | — | — |
| EBITDA | -101.7M | -34.6M | -22.2M | -45.4M | -45.6M | -18.5M |
| EPS | -98.2 | -30 | -7.74 | -3.35 | -2.73 | -1.26 |
| Diluted EPS | -98.2 | -30 | -7.74 | -3.35 | -2.73 | -1.26 |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 |
|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 390K |
| Cost of revenue | — | — | — | 342K | 345K | 20K |
| Gross profit | — | — | — | -342K | -345K | 370K |
| Gross margin | — | — | — | — | — | 94.9% |
| Research & development | 2.1M | 3.1M | 1.3M | 591K | 1M | 1.3M |
| Selling, general & administrative | 1.9M | 1.8M | 2.1M | 2.8M | 4.2M | 6.5M |
| Operating expenses | 4M | 4.9M | 3.4M | 3.4M | 5.2M | 7.8M |
| Operating income | -4M | -4.9M | -3.7M | -3.7M | -5.5M | -7.7M |
| Operating margin | — | — | — | — | — | -2K% |
| Non-operating income, net | -419K | -481K | -2M | -587K | -605K | -675K |
| Pretax income | -5M | -6M | -6.6M | -4.8M | -6.5M | -8.8M |
| Income tax | 31K | 136K | 25K | 60K | 59K | 132K |
| Net income | -5M | -6.1M | -6.6M | -4.9M | -6.5M | -9M |
| Net margin | — | — | — | — | — | -2.3K% |
| EBITDA | -4M | -4.9M | -3.4M | -3.4M | -5.2M | -7.4M |
| EPS | -0.28 | -0.3 | -0.25 | -0.14 | -0.16 | -0.2 |
| Diluted EPS | -0.28 | -0.3 | -0.25 | -0.14 | -0.16 | -0.2 |
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 | — | — | — | — | — | — | 1.7M |
| Enterprise value | — | — | — | — | — | — | 25.4M |
| Shares outstanding | 1M | 1.7M | 11.8M | 13.3M | 14.1M | 19.7M | 19.7M |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | Current |
|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | -0.02 |
| P/S | — | — | — | — | — | — | 4.1 |
| P/B | — | — | — | — | — | — | -0.19 |
| EV/EBITDA | — | — | — | — | — | — | -1.31 |
| EV/Sales | — | — | — | — | — | — | 65 |
| Earnings yield | — | — | — | — | — | — | -4.1K% |
| FCF yield | — | — | — | — | — | — | -838.4% |
| PEG | — | — | — | — | — | — | 0 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | Current |
|---|---|---|---|---|---|---|---|
| Gross margin | — | — | — | — | — | — | 94.9% |
| Operating margin | -275.7K% | — | — | — | — | — | -2K% |
| Net margin | -278.7K% | — | — | — | — | — | 0% |
| ROE | 393.1% | 102.9% | -182.3% | -158.7% | 599.3% | 607.1% | 607.1% |
| ROA | -400.5% | -158.6% | -100.1% | -66.5% | -146.1% | -55.6% | -53.3% |
| ROIC | 544% | 128.1% | 530.9% | 700.2% | 417.2% | -107.9% | -134.4% |
| Return on tangible assets | -400.5% | -158.6% | -104% | -68.2% | -146.1% | -99.7% | -195.5% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | Current |
|---|---|---|---|---|---|---|---|
| Current ratio | 0.32 | 0.51 | 6.43 | 6.89 | 1.89 | 1.41 | 2.13 |
| Quick ratio | 0.32 | 0.51 | 6.43 | 6.89 | 1.89 | 1.41 | 1.96 |
| Debt / equity | -0.51 | -0.84 | 0.53 | 1.02 | -2.96 | -11.2 | -0.05 |
| Debt / assets | 0.52 | 1.29 | 0.29 | 0.43 | 0.72 | 1.02 | 1.04 |
| Net debt / EBITDA | -0.07 | -0.74 | 2.47 | 0.71 | 0.11 | -1.16 | -1.17 |
| Interest coverage | -118.3 | -2.4 | -15.4 | -17.7 | -25.4 | -8.73 | -11.3 |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | Current |
|---|---|---|---|---|---|---|---|
| Revenue per share | 0.04 | 0 | 0 | 0 | 0 | 0 | 0.01 |
| EPS (basic) | -98.2 | -30 | -7.74 | -3.35 | -2.73 | -1.26 | -1.26 |
| EPS (diluted) | -98.2 | -30 | -7.74 | -3.35 | -2.73 | -1.26 | -0.72 |
| Book value per share | -25 | -29.1 | 4.25 | 2.11 | -0.46 | -0.21 | -0.15 |
| FCF per share | -78.1 | -31.4 | -1.35 | -1.4 | -2.8 | -1.36 | -0.43 |
| Cash per share | 5.66 | 9.72 | 6.89 | 4.58 | 1.7 | 1.22 | 0.21 |
| Capex per share | 0.02 | 0.01 | 0.01 | 0 | 0 | 0 | 0 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | Current |
|---|---|---|---|---|---|---|---|
| Capex / revenue | 64.9% | — | — | — | — | — | 3.59% |
| Capex / operating cash flow | -0.03% | -0.02% | -0.08% | -0.19% | -0.05% | -0.01% | -0.06% |
| Payout ratio | — | — | — | — | — | — | 0% |
| $0 |
| $0 |
| $0 |
| $390K |
| YoY change | — | — | — | — | 0% | +InfinityT% |
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 | 5.9M | 16.9M | 81.4M | 60.8M | 23.9M | 24.1M |
| Receivables | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — |
| Total current assets | 11.7M | 21.5M | 83.3M | 62.4M | 25.6M | 24.8M |
| Property, plant & equipment | 572K | 421K | 91K | 69K | 51K | 23K |
| Goodwill & intangibles | — | 0 | 3.4M | 1.7M | 0 | 19.7M |
| Total assets | 25.8M | 32.8M | 91.5M | 66.8M | 26.3M | 44.6M |
| Accounts payable | 15.5M | 816K | 878K | 2.8M | 5M | 251K |
| Short-term debt | 5.8M | 6.5M | 1.6M | — | — | 14.5M |
| Total current liabilities | 37M | 41.7M | 12.9M | 9.1M | 13.5M | 17.6M |
| Long-term debt | 7.6M | 35.9M | 24.9M | 28.5M | 19M | 31.1M |
| Total liabilities | 52M | 83.4M | 41.3M | 38.8M | 32.7M | 48.7M |
| Shareholders' equity | -26.2M | -50.6M | 50.2M | 28M | -6.4M | -4.1M |
| Total debt | 13.4M | 42.3M | 26.5M | 28.5M | 19M | 45.5M |
| Net debt | 8.6M | 27.8M | -921K | 7.4M | 12.9M | 21.4M |
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 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 |
|---|---|---|---|---|---|---|
| Cash & short-term investments | 11.7M | 14.5M | 24.1M | 12.7M | 13M | 11M |
| Receivables | — | — | — | — | — | 448K |
| Inventory | — | — | — | 533K | 948K | 1.1M |
| Total current assets | 13.7M | 15.9M | 24.8M | 13.5M | 14.9M | 13.7M |
| Property, plant & equipment | 38K | 30K | 23K | 18K | 12K | 18K |
| Goodwill & intangibles | — | — | 19.7M | 19.4M | 19.1M | 18.7M |
| Total assets | 14.2M | 15.9M | 44.6M | 33M | 34M | 32.5M |
| Accounts payable | 822K | 835K | 251K | 413K | 1.2M | 577K |
| Short-term debt | 13M | 13.7M | 14.5M | 124K | 190K | 281K |
| Total current liabilities | 16.8M | 18.7M | 17.6M | 3.6M | 5.5M | 6.4M |
| Long-term debt | 8.3M | 8.7M | 31.1M | 31.9M | 32.4M | 33.5M |
| Total liabilities | 25.1M | 27.4M | 48.7M | 35.5M | 37.9M | 39.9M |
| Shareholders' equity | -10.9M | -11.5M | -4.1M | -2.6M | -3.9M | -7.4M |
| Total debt | 21.2M | 22.4M | 45.5M | 32M | 32.6M | 33.7M |
| Net debt | 16.3M | 9M | 21.4M | 19.4M | 19.5M | 22.7M |
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 | -103.1M | -52M | -91.6M | -44.4M | -38.4M | -24.8M |
| Depreciation & amortization | 152K | 161K | 2.1M | 1.8M | 1.8M | 284K |
| Stock-based compensation | 2.2M | 2.8M | 4.3M | 4.8M | 784K | 363K |
| Change in working capital | 8.4M | -15.6M | -786K | 677K | 2.5M | -5M |
| Operating cash flow | -91.3M | -47M | -77.8M | -31.8M | -27.4M | -21.9M |
| Capital expenditure | -24K | -11K | -61K | -62K | -13K | -2K |
| Investing cash flow | 40.1M | -11K | -54.6M | 14M | 23.3M | 18.2M |
| Dividends paid | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — |
| Financing cash flow | 2M | 64.5M | 83.1M | -1.8M | 1M | 26.7M |
| Net change in cash | -49.2M | 17.5M | -49.3M | -19.7M | -3.1M | 23M |
| Free cash flow | -81.9M | -54.5M | -15.9M | -18.5M | -39.3M | -26.8M |
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 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 |
|---|---|---|---|---|---|---|
| Net income | -5M | -6.1M | -6.6M | -4.9M | -6.5M | -9M |
| Depreciation & amortization | 8K | 8K | 261K | 349K | 351K | 355K |
| Stock-based compensation | 68K | 68K | 89K | 61K | 56K | 53K |
| Change in working capital | -2.4M | -88K | -668K | -360K | -164K | -813K |
| Operating cash flow | -6.1M | -3.1M | -5.2M | -3.7M | -5.3M | -7.9M |
| Capital expenditure | -2K | 0 | 0 | -2K | 0 | -12K |
| Investing cash flow | 4.2M | 5.7M | 1.1M | -2K | 0 | -12K |
| Dividends paid | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — |
| Financing cash flow | 167K | 5.4M | 13.9M | -8.4M | 5.1M | 5.4M |
| Net change in cash | -1.8M | 8M | 9.8M | -12.1M | -209K | -2.5M |
| Free cash flow | -6.8M | -2.7M | -4.3M | -3.1M | -4.8M | -7.5M |