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 | -$6 | -$5.25 | +12.5% | — | $0 | — |
| Q2 25 | -$5.25 | -$5.25 | 0.0% | — | $0 | — |
| Q1 25 | -$2.25 | -$3.75 | -66.7% | — | $0 | — |
| Q4 24 | -$1.5 | -$3.75 | -150.0% | — | $0 | — |
| Q3 24 | -$1.5 | -$1.5 | 0.0% | — | $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 % |
|---|---|---|---|---|---|---|
| FY25 | — | -$18.8 | — | — | $21.8K | — |
| FY24 | — | -$0.08 | — | — | $0 | — |
| FY23 | — | -$0.15 | — | — | $0 | — |
| FY22 | — | -$0.15 | — | — | $233.3K | — |
| FY21 | — | -$0.44 | — |
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 | $1.1M | $638K | $233.3K | $0 | $0 | $21.8K |
| YoY change | — | +InfinityT% | -43.3% | -63.4% | -100% | 0% | +InfinityT% |
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 | 1.1M | 638K | 233.3K | 0 | 0 | 21.8K |
| Cost of revenue | — | — | — | — | — | — | 4.2K |
| Gross profit | — | — | — | — | — | — | 17.6K |
| Gross margin | — | — | — | — | — | — | 80.6% |
| Research & development | 685.7K | 1.6M | 1.4M | 942.8K | 954.8K | 492.7K | 2.1M |
| Selling, general & administrative | 1.5M | 1.3M | 3.1M | 2.7M | 2.9M | 2.6M | 6.8M |
| Operating expenses | 2.2M | 3M | 4.5M | 3.7M | 3.9M | 3.1M | 8.9M |
| Operating income | -2.2M | -1.9M | -3.9M | -3.4M | -3.9M | -3.1M | -8.9M |
| Operating margin | — | -164.4% | -612.4% | -1.5K% | — | — | -40.9K% |
| Non-operating income, net | -553K | 210.4K | -179.3K | -784.9K | -694.7K | 894.5K | 329.8K |
| Pretax income | -3M | -1.7M | -4.2M | -5M | -4.8M | -2.4M | -8.6M |
| Income tax | — | — | — | — | — | — | — |
| Net income | -3M | -1.7M | -4.2M | -5M | -4.8M | -2.4M | -8.6M |
| Net margin | — | -146.9% | -658.3% | -2.1K% | — | — | -39.7K% |
| EBITDA | -2.2M | -1.8M | -3.9M | -3.4M | -3.8M | -3M | -8.6M |
| EPS | -0.35 | -0.17 | -0.44 | -0.15 | -0.15 | -0.08 | -18.8 |
| Diluted EPS | -0.35 | -0.17 | -0.44 | -0.15 | -0.15 | -0.08 | -18.8 |
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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 21.8K | 18.7K | 24.2K |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — | 4.4K | 3.2K |
| Gross profit | — | — | — | — | — | — | — | — | — | — | 14.3K | 21.1K |
| Gross margin | — | — | — | — | — | — | — | — | — | — | 76.6% | 86.9% |
| Research & development | 239.5K | 244.7K | 98.7K | 101.1K | 91.9K | 201K | 466.7K | 759.4K | 816.7K | 43.7K | 411K | 600.4K |
| Selling, general & administrative | 1.2M | 290.9K | 472K | 456K | 401.6K | 1.3M | 1.1M | 1.5M | 1.5M | 2.8M | 1.6M | 2.2M |
| Operating expenses | 1.4M | 535.6K | 570.7K | 557.1K | 493.5K | 1.5M | 1.5M | 2.3M | 2.3M | 2.8M | 2M | 2.8M |
| Operating income | -1.4M | -535.6K | -570.7K | -557.1K | -493.5K | -1.5M | -1.5M | -2.3M | -2.3M | -2.8M | -2M | -2.7M |
| Operating margin | — | — | — | — | — | — | — | — | — | -12.9K% | -10.5K% | -11.3K% |
| Non-operating income, net | -251.6K | 208.7K | 2.3K | 926.4K | 9.9K | -44.1K | — | — | — | — | 1.3K | 549.1K |
| Pretax income | -1.8M | -429.6K | -634.1K | 313.1K | -591K | -1.5M | -1.5M | -2.3M | -2.3M | -2.6M | -2.1M | -2.3M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — |
| Net income | -1.8M | -429.6K | -634.1K | 313.1K | -591K | -1.5M | -1.5M | -2.3M | -2.3M | -2.6M | -2.1M | -2.3M |
| Net margin | — | — | — | — | — | — | — | — | — | -11.8K% | -11.1K% | -9.4K% |
| EBITDA | -1.4M | -535.5K | -530.6K | -557K | -493.5K | -1.4M | -1.5M | -2.3M | -2.3M | -2.5M | -1.9M | -2.2M |
| EPS | -0.07 | — | -0.02 | 0.01 | -0.02 | — | -0.05 | -5.25 | -5.25 | — | -4.5 | -4.08 |
| Diluted EPS | -0.07 | — | -0.02 | 0.01 | -0.02 | — | -0.05 | -5.25 | -5.25 | — | -4.5 | -4.08 |
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 | — | — | — | — | — | — | — | 3.3M |
| Enterprise value | — | — | — | — | — | — | — | 2.3M |
| Shares outstanding | 8.7M | 9.5M | 9.5M | 32.9M | 32.9M | 28.8M | 461.7K | 461.7K |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | -0.13 |
| P/S | — | — | — | — | — | — | — | 54.4 |
| P/B | — | — | — | — | — | — | — | -3.75 |
| EV/EBITDA | — | — | — | — | — | — | — | -0.27 |
| EV/Sales | — | — | — | — | — | — | — | 35.3 |
| Earnings yield | — | — | — | — | — | — | — | -761.3% |
| FCF yield | — | — | — | — | — | — | — | -98.5% |
| PEG | — | — | — | — | — | — | — | 0.01 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Gross margin | — | — | — | — | — | — | 80.6% | 86.9% |
| Operating margin | — | -164.4% | -612.4% | -1.5K% | — | — | -40.9K% | -11.3K% |
| Net margin | — | -146.9% | -658.3% | -2.1K% | — | — | -39.7K% | 80.6% |
| ROE | 60.7% | 44.6% | 81.1% | 69.4% | 82.5% | -58.5% | 471.9% | -1.9K% |
| ROA | -49.3K% | -300.9% | -629.4% | -2.1K% | -3.2K% | -39.3% | -155.4% | -159.6% |
| Return on tangible assets | -49.3K% | -300.9% | -629.4% | -2.1K% | -3.2K% | -39.3% | -155.4% | -247.4% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Current ratio | 0 | 0.13 | 0.08 | 0.01 | 0 | 2.31 | 0.65 | 0.66 |
| Quick ratio | 0 | 0.13 | 0.08 | 0.01 | 0 | 2.31 | 0.63 | 0.62 |
| Debt / equity | -0.24 | -0.03 | -0.13 | -0.27 | -0.39 | 0.05 | -2.9 | -0.05 |
| Debt / assets | 195.7 | 0.2 | 0.98 | 8.05 | 15.1 | 0.04 | 0.96 | 0.47 |
| Net debt / EBITDA | -0.56 | 0.06 | -0.08 | -0.53 | -0.58 | 1.19 | -0.18 | -0.03 |
| Interest coverage | -8.61 | -121.3 | -35.8 | -5.69 | -20.9 | -8.82 | -129.9 | -32.7 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0.12 | 0.07 | 0.01 | 0 | 0 | 0.05 | 0.13 |
| EPS (basic) | -0.35 | -0.17 | -0.44 | -0.15 | -0.15 | -0.08 | -18.8 | -18.8 |
| EPS (diluted) | -0.35 | -0.17 | -0.44 | -0.15 | -0.15 | -0.08 | -18.8 | -18.7 |
| Book value per share | -0.57 | -0.39 | -0.55 | -0.22 | -0.18 | 0.14 | -3.97 | -0.55 |
| FCF per share | -0.02 | -0.03 | -0.18 | -0.04 | -0.01 | -0.14 | -11.7 | -13 |
| Cash per share | 0 | 0.02 | 0.03 | 0 | 0 | 0.13 | 8.21 | 1.98 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Payout ratio | — | — | — | — | — | — | — | 0% |
| — |
| $638K |
| — |
| FY20 | — | -$0.17 | — | — | $1.1M | — |
| FY19 | — | -$0.35 | — | — | $0 | — |
| Q1 24 |
|---|
| Q2 24 |
|---|
| Q3 24 |
|---|
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $21.8K | $18.7K | $24.2K |
| YoY change | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | +InfinityT% | +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 | 1.3K | 208K | 330.6K | 64.4K | 28.5K | 3.8M | 3.8M |
| Receivables | — | — | — | — | — | — | 2.6K |
| Inventory | — | — | — | — | — | — | 159.8K |
| Total current assets | 5K | 550K | 454.7K | 69.7K | 28.7K | 4.7M | 4.8M |
| Property, plant & equipment | — | — | 208.9K | -73.5K | -119.9K | -166.4K | -212.8K |
| Goodwill & intangibles | — | — | — | — | — | — | — |
| Total assets | 6.2K | 550K | 667.4K | 235.9K | 148.6K | 6.2M | 5.6M |
| Accounts payable | 131.1K | 252.2K | 256.9K | 187K | 189.5K | 278.7K | 131.1K |
| Short-term debt | 1.2M | 108.5K | 486.8K | 1.8M | 2.1M | 196.5K | 5.3M |
| Total current liabilities | 5M | 4.3M | 5.7M | 7.3M | 5.8M | 2M | 7.4M |
| Long-term debt | — | 0 | 164.4K | 119.5K | 178K | 21.2K | 0 |
| Total liabilities | 5M | 4.3M | 5.8M | 7.4M | 5.9M | 2M | 7.4M |
| Shareholders' equity | -5M | -3.7M | -5.2M | -7.1M | -5.8M | 4.2M | -1.8M |
| Total debt | 1.2M | 108.5K | 651.2K | 1.9M | 2.2M | 217.8K | 5.3M |
| Net debt | 1.2M | -99.5K | 320.6K | 1.8M | 2.2M | -3.6M | 1.5M |
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 | Q4 22 | 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 | 64.4K | 28.5K | 8.3K | 14.9K | 253 | 3.8M | 2.7M | 1.9M | 723.8K | 3.8M | 2.4M | 1.5M |
| Receivables | — | — | — | — | — | — | — | — | — | 2.6K | 0 | 10.2K |
| Inventory | — | — | — | — | — | — | — | — | — | 159.8K | 148.1K | 135.3K |
| Total current assets | 69.7K | 28.7K | 8.6K | 40.1K | 514 | 4.7M | 3.6M | 2.8M | 1.6M | 4.8M | 3.4M | 2.5M |
| Property, plant & equipment | -73.5K | -119.9K | -131.5K | -143.2K | -154.8K | -166.4K | -178K | -189.4K | -201.2K | -212.8K | -224.4K | -2.9K |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 235.9K | 148.6K | 116.8K | 136.8K | 85.5K | 6.2M | 5M | 4M | 2.6M | 5.6M | 3.9M | 3.7M |
| Accounts payable | 187K | 189.5K | 208.9K | 200.3K | 205.8K | 278.7K | 158.5K | 465.1K | 367.4K | 131.1K | 92.4K | 360.2K |
| Short-term debt | 1.8M | 2.1M | 2.1M | 2.2M | 2.2M | 196.5K | 197K | 192.9K | 180.4K | 5.3M | 4.8M | 1.5M |
| Total current liabilities | 7.3M | 5.8M | 6M | 5.3M | 5.7M | 2M | 1.9M | 2.6M | 2.5M | 7.4M | 6.7M | 3.9M |
| Long-term debt | 119.5K | 178K | 165.8K | 163.3K | 155.7K | 21.2K | 8.5K | 0 | 0 | 0 | — | 205.1K |
| Total liabilities | 7.4M | 5.9M | 6.1M | 5.5M | 5.8M | 2M | 1.9M | 2.6M | 2.5M | 7.4M | 6.7M | 4.1M |
| Shareholders' equity | -7.1M | -5.8M | -6M | -5.4M | -5.8M | 4.2M | 3.1M | 1.3M | 57.4K | -1.8M | -2.8M | -366K |
| Total debt | 1.9M | 2.2M | 2.3M | 2.3M | 2.4M | 217.8K | 205.5K | 192.9K | 180.4K | 5.3M | 4.8M | 1.7M |
| Net debt | 1.8M | 2.2M | 2.3M | 2.3M | 2.4M | -3.6M | -2.5M | -1.7M | -543.4K | 1.5M | 2.5M | 227.2K |
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 | -3M | -1.7M | -4.2M | -5M | -4.8M | -2.4M | -8.6M |
| Depreciation & amortization | — | — | — | — | — | — | — |
| Stock-based compensation | 944.6K | 563.5K | 1.4M | 817.3K | 1.2M | 1.8M | 2.4M |
| Change in working capital | 1.1M | 958.3K | 778.7K | 1.8K | 169.9K | -151.3K | 84.4K |
| Operating cash flow | -725.5K | -70.4K | -1.9M | -3.6M | -3.4M | -692.1K | -5.4M |
| Capital expenditure | — | — | — | — | — | — | — |
| Investing cash flow | — | — | — | — | — | — | — |
| Dividends paid | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — |
| Financing cash flow | 107.8K | -52K | 1M | 982.3K | 445K | 7.7M | 5.4M |
| Net change in cash | -617.7K | -122.4K | -889.3K | -2.6M | -3M | 7M | 19.8K |
| Free cash flow | -143K | -254.8K | -1.7M | -1.2M | -481K | -3.9M | -5.4M |
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 | 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 | -1.8M | -429.6K | -634.1K | 313.1K | -591K | -1.5M | -1.5M | -2.3M | -2.3M | -2.6M | -2.1M | -2.3M |
| Depreciation & amortization | — | — | — | — | — | — | — | — | — | — | — | — |
| Stock-based compensation | 253K | 213.2K | 355.3K | 277K | 195.1K | 1M | 421.5K | 462.5K | 1.1M | 463.2K | 501K | 491K |
| Change in working capital | 74.9K | -39.2K | 13K | 21K | 107.4K | -292.7K | -114.2K | 289.8K | -124.1K | 194.5K | -175.8K | -145K |
| Operating cash flow | -1.4M | -250.6K | -300.8K | 616.1K | -283.5K | -723.9K | -1M | -828.2K | -1.2M | -2.4M | -1.4M | -2.3M |
| Capital expenditure | — | — | — | — | — | — | — | — | — | — | — | — |
| Investing cash flow | — | — | — | — | — | — | — | — | — | — | — | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 195K | 130K | 45K | 114K | 28K | 9.8M | 0 | 0 | 0 | 0 | — | — |
| Net change in cash | -1.2M | -120.6K | -255.8K | 730.1K | -255.5K | 9.1M | -1M | -828.2K | -1.2M | -2.4M | -1.4M | -2.3M |
| Free cash flow | -163.2K | -161.1K | -65.2K | -107.5K | -42.6K | -3.7M | -1.1M | -828.2K | -1.2M | -2.4M | -1.4M | -2.3M |