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 | -$0.29 | -$0.35 | -20.7% | — | $10.3M | — |
| Q1 26 | -$0.52 | -$0.39 | +25.0% | — | $3.7M | — |
| Q4 25 | -$0.64 | -$0.51 | +20.3% | — | $0 | — |
| Q3 25 | -$0.61 | -$0.39 | +36.1% | — | $10M | — |
| Q2 25 | -$0.47 | -$0.55 | -17.0% | — | $0 | — |
| Q1 25 | -$0.39 | -$0.38 | +2.6% | — | $0 | — |
| Q4 24 | -$0.45 | -$0.36 | +20.0% | — | $0 | — |
| Q3 24 | -$0.36 | -$0.51 | -41.7% | — | $439K | — |
| Q2 24 | -$0.29 | -$0.11 | +62.1% | — | $8.9M | — |
| Q1 24 | -$0.33 | -$0.3 | +9.1% | — | $1.3M | — |
| Q4 23 | -$0.39 | -$0.25 | +35.9% | — | $2.5M | — |
| Q3 23 | -$0.47 | -$0.25 | +46.8% | — | $2.5M | — |
| Q2 23 | -$0.52 | -$0.42 | +19.2% | — | $1.1M | — |
| Q1 23 | -$0.49 | -$0.42 | +14.3% | — | $2M | — |
| Q4 22 | -$0.49 | -$0.39 | +20.4% | — | $2.8M | — |
| Q3 22 | -$0.49 | -$0.4 | +18.4% | — | $1.8M | — |
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 | — | -$1.83 | — | — | $10M | — |
| FY24 | — | -$1.28 | — | — | $10.6M | — |
| FY23 | — | -$1.32 | — | — | $8.1M | — |
| FY22 | — | -$1.52 | — | — | $8.6M | — |
| FY21 | — | -$1.39 |
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 | $3.6M | $8.6M | $8.1M | $10.6M | $10M |
| YoY change | — | 0% | +InfinityT% | +136.8% | -6.14% | +31% | -5.55% |
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 | 3.6M | 8.6M | 8.1M | 10.6M | 10M |
| Cost of revenue | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — |
| Research & development | 3M | 3M | 26.2M | 53.4M | 54.9M | 68.4M | 125.9M |
| Selling, general & administrative | 772K | 1.8M | 10.3M | 22.3M | 26.1M | 41M | 41.8M |
| Operating expenses | 3.8M | 4.8M | 36.6M | 75.7M | 81.1M | 109.4M | 167.7M |
| Operating income | -3.8M | -4.8M | -32.9M | -67.1M | -73M | -98.8M | -157.7M |
| Operating margin | — | — | -905.4% | -779% | -902.9% | -933.6% | -1.6K% |
| Non-operating income, net | — | -1.7M | — | — | — | — | — |
| Pretax income | -4M | -6.8M | -32.7M | -63.1M | -58.3M | -69M | -113.6M |
| Income tax | — | — | — | — | — | — | — |
| Net income | -4M | -6.8M | -32.7M | -63.1M | -58.3M | -69M | -113.6M |
| Net margin | — | — | -898.3% | -732.2% | -721.2% | -651.6% | -1.1K% |
| EBITDA | -3.8M | -6.6M | -32.8M | -66.3M | -71M | -96.8M | -155.6M |
| EPS | -0.62 | -0.54 | -1.39 | -1.52 | -1.32 | -1.28 | -1.83 |
| Diluted EPS | -0.62 | -0.54 | -1.39 | -1.52 | -1.32 | -1.28 | -1.83 |
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 | 2.5M | 2.5M | 1.3M | 8.9M | 439K | 0 | 0 | 0 | 10M | 0 | 3.7M | 10.3M |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Research & development | 11.9M | 12.2M | 14.1M | 14.9M | 18.6M | 20.8M | 25.1M | 34.7M | 34.6M | 31.5M | 26.8M | 31M |
| Selling, general & administrative | 6.4M | 6.4M | 7.3M | 7.8M | 17.7M | 8.2M | 9.8M | 10.5M | 10.6M | 10.9M | 11.1M | 11M |
| Operating expenses | 18.3M | 18.6M | 21.4M | 22.7M | 36.3M | 29M | 34.9M | 45.1M | 45.3M | 42.4M | 37.9M | 42M |
| Operating income | -15.8M | -16.1M | -20.2M | -13.8M | -35.8M | -29M | -34.9M | -45.1M | -35.3M | -42.4M | -34.2M | -31.7M |
| Operating margin | -628.2% | -655.7% | -1.6K% | -155.4% | -8.2K% | — | — | — | -352.5% | — | -916.5% | -308.7% |
| Non-operating income, net | — | — | — | — | — | — | — | — | — | — | — | — |
| Pretax income | -11.6M | -11.8M | -14.8M | -6M | -28.1M | -20.2M | -23.5M | -33.9M | -24.3M | -31.9M | -24.4M | -22M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — |
| Net income | -11.6M | -11.8M | -14.8M | -6M | -28.1M | -20.2M | -23.5M | -33.9M | -24.3M | -31.9M | -24.4M | -22M |
| Net margin | -459.6% | -477.8% | -1.2K% | -67% | -6.4K% | — | — | — | -243.1% | — | -652.6% | -214% |
| EBITDA | -15.3M | -15.6M | -19.6M | -13.3M | -35.3M | -28.5M | -34.4M | -44.6M | -34.8M | -41.9M | -33.7M | -31.2M |
| EPS | -0.25 | — | -0.3 | -0.11 | -0.51 | -0.36 | -0.38 | -0.55 | -0.39 | -0.51 | -0.39 | -0.35 |
| Diluted EPS | -0.25 | — | -0.3 | -0.11 | -0.51 | -0.36 | -0.38 | -0.55 | -0.39 | -0.51 | -0.39 | -0.35 |
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 | — | — | — | — | 472.3M | — | — | 1B |
| Enterprise value | — | — | — | — | 152.8M | — | — | 63.7M |
| Shares outstanding | 6.4M | 12.5M | 23.5M | 41.5M | 44M | 53.8M | 62M | 62M |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | -9.07 |
| P/S | — | — | — | — | 58.4 | — | — | 42.2 |
| P/B | — | — | — | — | 1.37 | — | — | 1.09 |
| EV/EBITDA | — | — | — | — | -2.15 | — | — | -0.45 |
| EV/Sales | — | — | — | — | 18.9 | — | — | 2.65 |
| Earnings yield | — | — | — | — | — | — | — | -11% |
| FCF yield | — | — | — | — | -11.1% | — | — | -1.62% |
| PEG | — | — | — | — | — | — | — | 0.25 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | -905.4% | -779% | -902.9% | -933.6% | -1.6K% | -308.7% |
| Net margin | — | — | -898.3% | -732.2% | -721.2% | -651.6% | -1.1K% | 0% |
| ROE | 50.4% | 46.3% | -8.92% | -19.7% | -16.9% | -6.75% | -11.9% | -10.7% |
| ROA | -589.7% | -41.8% | -8.6% | -17.3% | -15.3% | -6.5% | -11.3% | -8.8% |
| Return on tangible assets | -589.7% | -41.8% | -8.6% | -17.3% | -15.3% | -6.5% | -11.3% | -10.2% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Current ratio | 0.14 | 5.05 | 29.5 | 20.1 | 26.8 | 59.2 | 39 | 16.3 |
| Quick ratio | 0.14 | 5.05 | 29.5 | 20.1 | 26.8 | 59.2 | 39 | 16.3 |
| Debt / equity | -0.5 | — | 0 | 0.08 | 0.07 | 0.02 | 0.02 | 0.02 |
| Debt / assets | 5.89 | — | 0 | 0.07 | 0.06 | 0.02 | 0.02 | 0.02 |
| Net debt / EBITDA | -0.89 | — | 11.4 | 4.55 | 4.5 | 10.4 | 6.07 | 6.71 |
| Interest coverage | -16.2 | -31.9 | — | — | — | — | — | — |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 0.15 | 0.21 | 0.18 | 0.2 | 0.16 | 0.38 |
| EPS (basic) | -0.62 | -0.54 | -1.39 | -1.52 | -1.32 | -1.28 | -1.83 | -1.83 |
| EPS (diluted) | -0.62 | -0.54 | -1.39 | -1.52 | -1.32 | -1.28 | -1.83 | -1.67 |
| Book value per share | -1.24 | -1.17 | 15.6 | 7.73 | 7.82 | 19 | 15.4 | 15.2 |
| FCF per share | -0.6 | -0.35 | -0.78 | -1.19 | -1.19 | -0.82 | -1.34 | -0.67 |
| Cash per share | 0.1 | 0.63 | 15.9 | 7.89 | 7.82 | 19.1 | 15.6 | 15.9 |
| Capex per share | 0 | 0 | 0.06 | 0.16 | 0.04 | 0.01 | — | — |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Capex / revenue | — | — | 40.7% | 74.8% | 22.9% | 3.39% | — | — |
| Capex / operating cash flow | 0% | 0% | -8.22% | -15.5% | -4.36% | -1.04% | — | — |
| Payout ratio | — | — | — | — | — | — | — | 0% |
| — |
| — |
| $3.6M |
| — |
| FY20 | — | -$0.54 | — | — | $0 | — |
| FY19 | — | -$0.62 | — | — | $0 | — |
| Q1 24 |
|---|
| Q2 24 |
|---|
| Q3 24 |
|---|
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $2.5M | $2.5M | $1.3M | $8.9M | $439K | $0 | $0 | $0 | $10M | $0 | $3.7M | $10.3M |
| YoY change | +38.8% | -13.5% | -38.9% | +741.7% | -82.6% | -100% | -100% | -100% | +2.2K% | 0% | +InfinityT% | +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 | FY25 |
|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 658K | 7.8M | 375M | 327M | 344M | 1B | 966.6M |
| Receivables | 0 | 8M | 0 | — | — | — | — |
| Inventory | — | — | — | — | — | — | — |
| Total current assets | 658K | 16.1M | 377M | 332.4M | 349.2M | 1B | 975.9M |
| Property, plant & equipment | 21K | 155K | 1.6M | 29.4M | 27.8M | 24.1M | 22.3M |
| Goodwill & intangibles | — | — | — | — | — | — | — |
| Total assets | 679K | 16.2M | 379.8M | 364M | 380.4M | 1.1B | 1B |
| Accounts payable | 267K | 428K | 2.5M | 2.2M | 2.4M | 4M | 5M |
| Short-term debt | 4M | — | 194K | 763K | 1.5M | 1.7M | 2.4M |
| Total current liabilities | 4.6M | 3.2M | 12.8M | 16.5M | 13M | 17.5M | 25M |
| Long-term debt | — | — | 0 | 24.5M | 23M | 21.3M | 19.7M |
| Total liabilities | 8.6M | 30.9M | 13.5M | 43.3M | 36.1M | 38.7M | 44.7M |
| Shareholders' equity | -7.9M | -14.6M | 366.3M | 320.7M | 344.3M | 1B | 956.8M |
| Total debt | 4M | — | 194K | 25.3M | 24.5M | 23M | 22.1M |
| Net debt | 3.3M | — | -35.4M | -26.1M | 5.3M | -407.6M | -30.2M |
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 | 349.7M | 344M | 651.8M | 646.3M | 658M | 1B | 1B | 996M | 989M | 966.6M | 956.4M | 970.9M |
| Receivables | — | — | 519K | 7.5M | — | — | — | — | — | — | 35M | 149K |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 355.2M | 349.2M | 658.7M | 661.9M | 666.3M | 1B | 1B | 1B | 998.1M | 975.9M | 1B | 983.3M |
| Property, plant & equipment | 28.5M | 27.8M | 27M | 26M | 25.1M | 24.1M | 23.8M | 23.1M | 23.2M | 22.3M | 21.4M | 20.6M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 386.9M | 380.4M | 689M | 691.4M | 695M | 1.1B | 1.1B | 1B | 1B | 1B | 1B | 1B |
| Accounts payable | 2.5M | 2.4M | 2.3M | 1.3M | 2.5M | 4M | 2.4M | 3.5M | 3.4M | 5M | 3.4M | 3M |
| Short-term debt | 1.5M | 1.5M | 1.6M | 1.6M | 1.7M | 1.7M | 1.8M | 1.9M | 2.3M | 2.4M | 2.5M | 2.6M |
| Total current liabilities | 14.5M | 13M | 10.6M | 11.5M | 17.2M | 17.5M | 17.5M | 21.4M | 27.8M | 25M | 58.9M | 60.2M |
| Long-term debt | 23.4M | 23M | 22.6M | 22.2M | 21.7M | 21.3M | 20.8M | 20.3M | 20.4M | 19.7M | 19.1M | 18.4M |
| Total liabilities | 37.9M | 36.1M | 33.2M | 33.7M | 38.9M | 38.7M | 38.3M | 41.7M | 48.2M | 44.7M | 86.7M | 79.7M |
| Shareholders' equity | 348.9M | 344.3M | 655.8M | 657.7M | 656.1M | 1B | 1B | 990.5M | 976.6M | 956.8M | 941.5M | 928M |
| Total debt | 24.9M | 24.5M | 24.2M | 23.8M | 23.4M | 23M | 22.6M | 22.2M | 22.7M | 22.1M | 21.6M | 21M |
| Net debt | 7.7M | 5.3M | -188.6M | 9.2M | -3.3M | -407.6M | -51.1M | -30.3M | -25.7M | -30.2M | -30.3M | -6.8M |
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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Net income | -4M | -6.8M | -32.7M | -63.1M | -58.3M | -69M | -113.6M |
| Depreciation & amortization | 6K | 13K | 113K | 841K | 2M | 2.1M | 2M |
| Stock-based compensation | 6K | 72K | 6.9M | 17.2M | 20M | 33M | 40.2M |
| Change in working capital | 4K | 14K | 7.6M | 3.5M | -6.1M | -461K | 1.3M |
| Operating cash flow | -3.8M | -4.7M | -18M | -41.5M | -42.4M | -34.4M | -82.2M |
| Capital expenditure | 0 | 0 | -1.5M | -6.4M | -1.9M | -359K | — |
| Investing cash flow | 0 | 0 | -341M | 58.3M | -41.2M | -258M | -299.9M |
| Dividends paid | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | -347K |
| Financing cash flow | 4M | 11.5M | 384.7M | 0 | 56.5M | 698.3M | -347K |
| Net change in cash | 245K | 6.7M | 25.7M | 16.7M | -27.1M | 405.9M | -382.5M |
| Free cash flow | -3.8M | -4.4M | -18.5M | -49.4M | -52.4M | -44.2M | -83.3M |
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 | -11.6M | -11.8M | -14.8M | -6M | -28.1M | -20.2M | -23.5M | -33.9M | -24.3M | -31.9M | -24.4M | -22M |
| Depreciation & amortization | 500K | 531K | 532K | 506K | 510K | 512K | 519K | 541K | 501K | 468K | 469K | 463K |
| Stock-based compensation | 4.5M | 4.5M | 5.6M | 5.8M | 15.4M | 6.3M | 10.7M | 11M | 9M | 9.5M | 9.3M | 9.1M |
| Change in working capital | -1.6M | -1.8M | -1.7M | -8.7M | 900K | 1.5M | -1.6M | 1.2M | -93K | 1.7M | 8.3M | 25.4M |
| Operating cash flow | -8.1M | -8.5M | -10.3M | -8.3M | -11.3M | -12M | -13.8M | -23.8M | -12.9M | -28.5M | -12.3M | 12.5M |
| Capital expenditure | -470K | -515K | -197K | -95K | -25K | -42K | -371K | — | — | — | — | — |
| Investing cash flow | -61.5M | 11.1M | -113.7M | -190.9M | 12.7M | 33.9M | -340.4M | 2M | 8.4M | 29.6M | 8.6M | -38.6M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | -347K | 0 | 0 | 0 | 0 | 0 |
| Financing cash flow | 56.5M | 0 | 320.5M | -455K | 0 | 378.2M | -347K | 0 | 0 | 0 | 0 | 0 |
| Net change in cash | -13.1M | 2.6M | 196.5M | -199.7M | 1.4M | 400.2M | -354.6M | -21.8M | -4.5M | 1.1M | -3.8M | -26.1M |
| Free cash flow | -12.2M | -10.4M | -15M | -10.1M | -2.3M | -16.8M | -17.4M | -24.3M | -12.9M | -28.6M | -12.6M | 12.3M |