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 21 | — | -$0.79 | — | — | — | — |
| Q3 21 | — | -$1.5 | — | — | — | — |
| Q2 21 | — | -$0.72 | — | — | $65K | — |
| Q3 20 | — | -$1.13 | — | — | — | — |
| Q2 20 | -$0.45 | -$0.21 | +53.3% | — | $74K | — |
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 | — | -$1.9 | — | — | $4.5M | — |
| FY24 | — | -$3.08 | — | — | $9.2M | — |
| FY23 | — | -$2.43 | — | — | $17.5M | — |
| FY22 | — | -$1.31 | — | — | $12.2M |
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 | $9.4M | $4.8M | $3.2M | $7M | $372K | $4.2M | $12.2M | $17.5M | $9.2M | $4.5M |
| YoY change | +93.8% | -49.2% | -33.4% | +118.9% | -94.7% | +1K% | +190.4% | +43.5% | -47.4% | -51.3% |
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 | 9.4M | 4.8M | 3.2M | 7M | 372K | 4.2M | 12.2M | 17.5M | 9.2M | 4.5M |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — |
| Research & development | 22.1M | 26.7M | 31.8M | 33.8M | 23.7M | 48.5M | 60.5M | 110M | 90.9M | 87M |
| Selling, general & administrative | 4M | 5.2M | 6.1M | 5.9M | 8.9M | 11.3M | 15.3M | 15.6M | 17.1M | 53.9M |
| Operating expenses | 21.2M | 26.8M | 33.7M | 35.9M | 29.6M | 53.3M | 68.8M | 119.9M | 102.5M | 137.1M |
| Operating income | -12M | -22.2M | -30.6M | -29.2M | -26.5M | -51.2M | -56.9M | -102.7M | -94M | -132.9M |
| Operating margin | -127.6% | -462.6% | -958.7% | -417.5% | -7.1K% | -1.2K% | -466.8% | -587.4% | -1K% | -3K% |
| Non-operating income, net | -998.5K | -441K | -2.3M | -1.1M | -7.2M | 2M | 2.9M | -2.9M | -78.8M | -190.6M |
| Pretax income | -12.6M | -22.4M | -33M | -30.2M | -33.6M | -49.3M | -54.3M | -109.8M | -183.9M | -354.1M |
| Income tax | -5.5M | -3.3M | 0 | 0 | 0 | 364K | -20K | 607K | 313K | 22K |
| Net income | -7M | -19.1M | -33M | -30.2M | -33.6M | -49.6M | -54.3M | -110.4M | -184.2M | -354.1M |
| Net margin | -74.6% | -397.8% | -1K% | -431.8% | -9K% | -1.2K% | -445.6% | -631.8% | -2K% | -7.9K% |
| EBITDA | -9.9M | -20.5M | -29.4M | -27.5M | -24.4M | -50.9M | -54.8M | -101.1M | -88M | -127.1M |
| EPS | -0.45 | -1.23 | -1.61 | -1.28 | -0.99 | -1.27 | -1.31 | -2.43 | -3.08 | -1.9 |
| Diluted EPS | -0.45 | -1.23 | -1.61 | -1.28 | -0.99 | -1.27 | -1.31 | -2.43 | -3.08 | -1.9 |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | Q1 20 | Q2 20 | Q1 21 | Q2 21 |
|---|---|---|---|---|
| Revenue | 87K | 74K | 74K | 65K |
| Cost of revenue | — | — | — | — |
| Gross profit | — | — | — | — |
| Gross margin | — | — | — | — |
| Research & development | 6.1M | 6.5M | 7.2M | 11.9M |
| Selling, general & administrative | 1.6M | 1.8M | 2.8M | 3.1M |
| Operating expenses | 7.7M | 8.9M | 10M | 13.7M |
| Operating income | -6.8M | -8.9M | -9.9M | -13.7M |
| Operating margin | -7.8K% | -12K% | -13.4K% | -21K% |
| Non-operating income, net | — | 5K | 1.5M | -589K |
| Pretax income | -6.8M | -8.9M | -8.5M | -14.3M |
| Income tax | — | 0 | 333K | 21K |
| Net income | -6.8M | -8.9M | -8.8M | -14.3M |
| Net margin | -7.8K% | -12K% | -11.9K% | -22K% |
| EBITDA | -6.5M | -8.5M | -9.6M | -13.4M |
| EPS | -0.23 | -0.23 | -0.23 | -0.37 |
| Diluted EPS | -0.23 | -0.23 | -0.23 | -0.37 |
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 | — | — | — | — | — | — | — | 204.8M | — | — | 833.9M |
| Enterprise value | — | — | — | — | — | — | — | 215.3M | — | — | 946.7M |
| Shares outstanding | 15.3M | 15.1M | 20M | 22.9M | 29.8M | 34.5M | 41.4M | 45.4M | 59.8M | 186.4M | 186.4M |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | — | — | — | -1.87 |
| P/S | — | — | — | — | — | — | — | 11.7 | — | — | 124.4 |
| P/B | — | — | — | — | — | — | — | -6.39 | — | — | -4.7 |
| EV/EBITDA | — | — | — | — | — | — | — | -2.13 | — | — | -6.27 |
| EV/Sales | — | — | — | — | — | — | — | 12.3 | — | — | 122.9 |
| Earnings yield | — | — | — | — | — | — | — | — | — | — | -53.5% |
| FCF yield | — | — | — | — | — | — | — | -40.1% | — | — | -27.4% |
| PEG | — | — | — | — | — | — | — | — | — | — | -4.43 |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | -127.6% | -462.6% | -958.7% | -417.5% | -7.1K% | -1.2K% | -466.8% | -587.4% | -1K% | -3K% | -6.7K% |
| Net margin | -74.6% | -397.8% | -1K% | -431.8% | -9K% | -1.2K% | -445.6% | -631.8% | -2K% | -7.9K% | 0% |
| ROE | -19.9% | -30.8% | -53.6% | -73% | -30.2% | -55.9% | -119.3% | 344.7% | 172.7% | 1.2K% | 1.2K% |
| ROA | -14.4% | -25.7% | -41.4% | -53.1% | -24.2% | -40.7% | -46.8% | -158.7% | -154.8% | -141.9% | -45.1% |
| ROIC | -107.4% | -657.8% | -431.3% | -515.6% | -322% | -1.4K% | 729.5% | 476.8% | 63.1% | 66.6% | 66.6% |
| Return on tangible assets | -15.7% | -27% | -43% | -55.4% | -24.5% | -41.2% | -47.2% | -161.3% | -155% | -142.1% | -33.3% |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 4.64 | 7.46 | 4.75 | 3.53 | 9.56 | 5.06 | 3.47 | 0.96 | 0.92 | 3.16 | 3.16 |
| Quick ratio | 4.58 | 7.41 | 4.72 | 3.5 | 9.54 | 5.04 | 3.45 | 0.95 | 0.92 | 3.16 | 7.36 |
| Debt / equity | 0.02 | 0.01 | 0.04 | 0 | 0.09 | 0.11 | 0.76 | -1.17 | -0.51 | -2.1 | -0.09 |
| Debt / assets | 0.01 | 0.01 | 0.03 | 0 | 0.07 | 0.08 | 0.3 | 0.54 | 0.46 | 0.24 | 0.09 |
| Net debt / EBITDA | 2.45 | 2.86 | 1.85 | 1.3 | 4.21 | 1.67 | 0.97 | -0.1 | 0.48 | 1.35 | 2.2 |
| Interest coverage | -1.7K | -4.5K | -8.3K | -10.1K | -508.4 | -356.1 | -75.8 | -20.2 | -14.1 | -9.55 | -609.1 |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0.62 | 0.32 | 0.16 | 0.31 | 0.01 | 0.12 | 0.29 | 0.39 | 0.15 | 0.02 | 0.04 |
| EPS (basic) | -0.45 | -1.23 | -1.61 | -1.28 | -0.99 | -1.27 | -1.31 | -2.43 | -3.08 | -1.9 | -1.9 |
| EPS (diluted) | -0.45 | -1.23 | -1.61 | -1.28 | -0.99 | -1.27 | -1.31 | -2.43 | -3.08 | -1.9 | -2.16 |
| Book value per share | 2.31 | 4.09 | 3.07 | 1.8 | 3.73 | 2.58 | 1.1 | -0.71 | -1.78 | -0.15 | -0.17 |
| FCF per share | -0.98 | -1.15 | -1.73 | -1.24 | -1.04 | -1.4 | -1.1 | -1.81 | -1.44 | -0.56 | -0.72 |
| Cash per share | 1.62 | 3.9 | 2.83 | 1.56 | 3.79 | 2.77 | 2.12 | 0.6 | 1.62 | 1.24 | 0.48 |
| Capex per share | 0.01 | 0.01 | 0.03 | 0.01 | 0.01 | 0.01 | 0.01 | — | — | — | 0 |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Capex / revenue | 2.23% | 3.4% | 17.2% | 1.9% | 78.5% | 10.6% | 4.27% | — | — | — | 34.7% |
| Capex / operating cash flow | -1.07% | -0.67% | -1.45% | -0.45% | -0.67% | -0.77% | -0.99% | — | — | — | -0.21% |
| Payout ratio | 0% | — | — | — | — | — | — | 0% | 0% | 0% | 0% |
| Dividend yield | — | — | — | — | — | — | — | 0% | — | — | — |
| — |
| FY21 | — | -$1.27 | — | — | $4.2M | — |
| FY20 | — | -$0.99 | — | — | $372K | — |
| FY19 | — | -$1.28 | — | — | $7M | — |
| FY18 | — | -$1.61 | — | — | $3.2M | — |
| FY17 | — | -$1.23 | — | — | $4.8M | — |
| FY16 | — | -$0.45 | — | — | $9.4M | — |
| Period | Q1 20 | Q2 20 | Q1 21 | Q2 21 |
|---|---|---|---|---|
| Revenue | $87K | $74K | $74K | $65K |
| YoY change | — | — | -14.9% | -12.2% |
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 | 24.9M | 59M | 56.7M | 35.8M | 113M | 95.4M | 87.8M | 27M | 96.6M | 230.9M |
| Receivables | 771K | 64K | 6K | 4K | 48K | 4M | 0 | 3.8M | 531K | 2M |
| Inventory | 472K | 473K | 410K | 387K | 320K | 392K | 373K | 417K | 0 | 0 |
| Total current assets | 41.2M | 67.2M | 71.6M | 48.9M | 133M | 115.6M | 106.4M | 48.2M | 111.5M | 244.5M |
| Property, plant & equipment | 1.5M | 1.1M | 854K | 314K | -126K | -209K | 3.9M | 5.7M | 1.5M | -488K |
| Goodwill & intangibles | 4.1M | 3.6M | 3.1M | 2.5M | 1.9M | 1.5M | 1.1M | 1.1M | 96K | 366K |
| Total assets | 49M | 74.4M | 79.8M | 57M | 138.9M | 122M | 116M | 69.6M | 119M | 249.5M |
| Accounts payable | 4.4M | 5.4M | 8.4M | 7.5M | 6.9M | 14.6M | 19.4M | 37.7M | 32.9M | 26M |
| Short-term debt | 146K | 307K | 2.1M | 112K | 18K | 1.3M | 5.9M | 5.3M | 5.9M | 32.3M |
| Total current liabilities | 8.9M | 9M | 15.1M | 13.9M | 13.9M | 22.9M | 30.7M | 50.2M | 120.7M | 77.4M |
| Long-term debt | 482K | 220K | 74K | 2K | 10M | 8.8M | 28.7M | 32.2M | 48.5M | 27.6M |
| Total liabilities | 13.5M | 12.5M | 18.2M | 15.6M | 27.7M | 33.1M | 70.5M | 101.6M | 225.6M | 278M |
| Shareholders' equity | 35.5M | 61.9M | 61.6M | 41.4M | 111.2M | 88.9M | 45.5M | -32M | -106.6M | -28.5M |
| Total debt | 628K | 527K | 2.2M | 114K | 10.1M | 10.1M | 34.5M | 37.5M | 54.3M | 59.9M |
| Net debt | -24.2M | -58.5M | -54.5M | -35.7M | -95.6M | -76.4M | -52.2M | 10.6M | -42.2M | -39.5M |
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 20 | Q1 21 | Q2 21 |
|---|---|---|---|
| Cash & short-term investments | 52.3M | 107.8M | 93.6M |
| Receivables | 1K | 1K | 7K |
| Inventory | 349K | 375K | 434K |
| Total current assets | 60.2M | 125.4M | 109.8M |
| Property, plant & equipment | -6.2M | -6.7M | -6.8M |
| Goodwill & intangibles | 2.2M | 1.8M | 826K |
| Total assets | 68.7M | 132.2M | 117.2M |
| Accounts payable | 8.5M | 8.7M | 10.2M |
| Short-term debt | 12M | 3.2M | 14K |
| Total current liabilities | 25.2M | 16.1M | 14.9M |
| Long-term debt | 0 | 10.1M | 10.1M |
| Total liabilities | 27M | 30M | 28.7M |
| Shareholders' equity | 41.7M | 102.3M | 88.5M |
| Total debt | 12M | 13.3M | 10.1M |
| Net debt | -40.3M | -94.5M | -83.5M |
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 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -7M | -19.1M | -33M | -30.2M | -33.6M | -49.6M | -54.3M | -110.4M | -184.2M | -354.1M |
| Depreciation & amortization | 1.6M | 1.4M | 1.3M | 1.6M | 1.9M | -1.3M | 1.7M | 2.6M | 5.2M | 3.2M |
| Stock-based compensation | — | 684K | 833K | 1.4M | 938K | 2.1M | 2.2M | 4M | 3.6M | 26.8M |
| Change in working capital | -4.4M | 473.2K | -2.7M | 2.2M | -3.2M | -6.6M | 2.2M | -2.7M | 5M | -790K |
| Operating cash flow | -19.6M | -24.3M | -37.9M | -29.3M | -43.3M | -58M | -52.4M | -81.6M | -85.9M | -104.9M |
| Capital expenditure | -210.6K | -163K | -549K | -133K | -292K | -445K | -520K | — | — | — |
| Investing cash flow | 17.2M | 6.2M | -420K | -826K | -8.6M | -1.8M | 8.9M | -7.3M | 9.1M | -132.9M |
| Dividends paid | 0 | — | — | — | — | — | — | 0 | 0 | 0 |
| Share repurchases | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | -70.9K | 45M | 32.3M | 8.2M | 121.7M | 25.4M | 67.5M | 29.1M | 87.4M | 183.3M |
| Net change in cash | -2.5M | 26.9M | -6M | -21.9M | 69.8M | -34.3M | 24M | -59.9M | 10.5M | -54.5M |
| Free cash flow | -15.1M | -17.4M | -34.8M | -28.5M | -30.9M | -48.2M | -45.5M | -82.2M | -86.3M | -105.1M |
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 | Q1 20 | Q2 20 | Q1 21 | Q2 21 |
|---|---|---|---|---|
| Net income | -6.8M | -8.9M | -8.8M | -14.3M |
| Depreciation & amortization | 337K | 330K | 304K | 230K |
| Stock-based compensation | 241K | 312K | 16K | 607K |
| Change in working capital | -833K | -164K | 479K | -4.5M |
| Operating cash flow | -7.9M | -9.1M | -8M | -24.5M |
| Capital expenditure | 0 | 0 | -41K | -63K |
| Investing cash flow | 0 | -1M | 6.4M | -1.6M |
| Dividends paid | — | — | — | — |
| Share repurchases | — | — | — | — |
| Financing cash flow | 14.6M | -4K | -16K | 48K |
| Net change in cash | 6.7M | -10.1M | -1.7M | -26.1M |
| Free cash flow | -3.6M | -3.6M | -7.8M | -12.1M |