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 25 | -$50.5 | -$53.5 | -5.9% | — | — | — |
| Q3 25 | -$102 | -$65.9 | +35.4% | — | — | — |
| Q2 25 | -$127 | -$50.7 | +60.1% | — | — | — |
| Q1 25 | -$123.5 | -$61.6 | +50.1% | — | $0 | — |
| Q3 24 | -$135.5 | -$96.5 | +28.8% | — | $0 | — |
| Q2 24 | -$229 | -$122.3 | +46.6% | — | $0 | — |
| Q1 24 | -$132 | -$159.3 | -20.7% | — | $0 | — |
| Q4 23 | -$200 | -$79.1 | +60.5% | — | $0 | — |
| Q3 23 | $23 | -$150.1 | -752.7% | — | $0 | — |
| Q2 23 | -$214.5 | -$174.1 | +18.9% | — | $0 | — |
| Q1 23 | -$4.52 | -$6.99 | -54.6% | — | $0 | — |
| Q4 22 | -$382.5 | -$323.2 | +15.5% | — | $0 | — |
| Q3 22 | $1.4K | -$449.3 | -131.0% | — | $420K | — |
| Q2 22 | -$900 | -$872.5 | +3.1% | — | $2.1M | — |
| Q1 22 | -$720.1 | -$1K | -39.0% | — | $1.4M | — |
| Q4 21 | -$870.4 | -$887 | -1.9% | — | $1.9M | — |
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 | — | -$165.5 | — | — | $0 | — |
| FY24 | — | -$10.2 | — | — | $0 | — |
| FY23 | — | -$17.4 | — | — | $0 | — |
| FY22 | — | -$29.5 | — | — | $3.9M | — |
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 | $0 | $0 | $0 | $6.1M | $6.4M | $11.2M | $3.9M | $0 | $0 | $0 |
| YoY change | -100% | 0% | 0% | +InfinityT% | +4.74% | +76.7% | -65.4% | -100% | 0% | 0% |
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 | 0 | 0 | 0 | 6.1M | 6.4M | 11.2M | 3.9M | 0 | 0 | 0 |
| Cost of revenue | — | — | — | 2M | 3.2M | 4.1M | 2.6M | 0 | — | — |
| Gross profit | — | — | — | 4.1M | 3.2M | 7.1M | 1.3M | 0 | — | — |
| Gross margin | — | — | — | 66.9% | 50.1% | 63.5% | 34.2% | — | — | — |
| Research & development | 25M | 29M | 29.3M | 27.3M | 18.4M | 11.5M | 17.7M | 18.6M | 22.1M | 18.8M |
| Selling, general & administrative | 7.6M | 10.9M | 35.4M | 65M | 81.1M | 105.1M | 65M | 20.6M | 18.3M | 23.6M |
| Operating expenses | 32.7M | 39.9M | 64.7M | 92.3M | 99.4M | 116.6M | 82.7M | 34.3M | 34.2M | 39M |
| Operating income | -32.7M | -39.9M | -64.7M | -88.2M | -96.2M | -109.4M | -81.4M | -34.3M | -34.2M | -39M |
| Operating margin | — | — | — | -1.5K% | -1.5K% | -973.6% | -2.1K% | — | — | — |
| Non-operating income, net | 122K | -1.8M | -390K | — | — | -24.9M | 43.1M | -4.8M | -549K | 14.2M |
| Pretax income | -33.2M | -42.2M | -66.7M | -94.3M | -104.3M | -142.6M | -44.8M | -42.2M | -38.5M | -27M |
| Income tax | — | — | — | — | — | — | — | — | — | — |
| Net income | -33.2M | -42.2M | -66.7M | -94.3M | -104.3M | -142.6M | -44.8M | -42.2M | -38.5M | -27M |
| Net margin | — | — | — | -1.6K% | -1.6K% | -1.3K% | -1.2K% | — | — | — |
| EBITDA | -32.2M | -38.7M | -62.7M | -85M | -94.8M | -107M | -81.1M | -35.6M | -31.9M | -32.4M |
| EPS | -96 | -305.5 | -124.5 | -138 | -99.5 | -108.3 | -29.5 | -17.4 | -10.2 | -165.5 |
| Diluted EPS | -96 | -305.5 | -124.5 | -138 | -99.5 | -108.3 | -29.5 | -17.4 | -10.2 | -165.5 |
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 | 0 | 0 | 0 |
| Cost of revenue | 0 | 0 | — | — | — | — | — | — | — | — | — | — |
| Gross profit | 0 | 0 | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Research & development | 5.6M | 4.7M | 6.4M | 5.3M | 5.2M | 5.3M | 6.1M | 6.2M | 6.1M | 366K | 61K | 59K |
| Selling, general & administrative | 5M | 4.6M | 5.4M | 4.3M | 4.4M | 4.2M | 4.6M | 4.6M | 4.5M | 9.9M | 1.7M | 1.7M |
| Operating expenses | 7.5M | 7.5M | 10.7M | 8.7M | 7.6M | 7.3M | 8.3M | 10.3M | 10.2M | 10.2M | 1.8M | 1.7M |
| Operating income | -7.5M | -7.5M | -10.7M | -8.7M | -7.6M | -7.3M | -8.3M | -10.3M | -10.2M | -10.2M | -1.8M | -1.7M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | -417K | -283K | -158K | 29K | -420K | 0 | -21K | -153K | 3.3M | 11.1M | 107K | — |
| Pretax income | -8.7M | -8.6M | -11.8M | -9.6M | -8.9M | -8.2M | -8.9M | -11.2M | -7.6M | 686K | -1.6M | -1.6M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — |
| Net income | -8.7M | -8.6M | -11.8M | -9.6M | -8.9M | -8.2M | -8.9M | -11.2M | -7.6M | 686K | -1.6M | -1.6M |
| Net margin | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -8.9M | -6.8M | -10.1M | -8.1M | -7M | -6.7M | -7.8M | -9.9M | -9.9M | -4.9M | -1.6M | -1.6M |
| EPS | -3.41 | -3.18 | -4.2 | -3.16 | -1.93 | -1.74 | -1.41 | -85.5 | -53.5 | — | -0.14 | -21.3 |
| Diluted EPS | -3.41 | -3.18 | -4.2 | -3.16 | -1.93 | -1.74 | -1.41 | -85.5 | -53.5 | — | -0.14 | -21.3 |
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 | — | — | — | — | — | — | — | — | — | — | 8.7M |
| Enterprise value | — | — | — | — | — | — | — | — | — | — | 2M |
| Shares outstanding | 345.7K | 138.1K | 535.1K | 684.2K | 1M | 1.3M | 1.5M | 2.4M | 3.8M | 163K | 163K |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | — | — | — | 11.4 |
| P/B | — | — | — | — | — | — | — | — | — | — | 1.02 |
| EV/EBITDA | — | — | — | — | — | — | — | — | — | — | -0.08 |
| Earnings yield | — | — | — | — | — | — | — | — | — | — | 8.74% |
| FCF yield | — | — | — | — | — | — | — | — | — | — | -211.6% |
| PEG | — | — | — | — | — | — | — | — | — | — | -0.15 |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin | — | — | — | 66.9% | 50.1% | 63.5% | 34.2% | — | — | — | — |
| Operating margin | — | — | — | -1.5K% | -1.5K% | -973.6% | -2.1K% | — | — | — | 0% |
| Net margin | — | — | — | -1.6K% | -1.6K% | -1.3K% | -1.2K% | — | — | — | 0% |
| ROE | 37.8% | -47.1% | -63.6% | -317.8% | -104.3% | -848.6% | -236.2% | -562.4% | -312.3% | -385.6% | -345.3% |
| ROA | -71.6% | -36.2% | -30.2% | -61.1% | -47.1% | -102.3% | -51.6% | -75.4% | -69.4% | -284.3% | -65.4% |
| Return on tangible assets | -71.6% | -36.2% | -30.2% | -61.1% | -47.1% | -102.3% | -51.6% | -75.4% | -69.4% | -284.3% | -95.3% |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 8.23 | 7.75 | 10.4 | 4.26 | 7.71 | 3.32 | 3.35 | 6.33 | 3.11 | 3.81 | 6.88 |
| Quick ratio | 8.23 | 7.75 | 10.2 | 4.07 | 7.48 | 3.09 | 3.35 | 6.33 | 3.11 | 3.81 | 6.88 |
| Debt / equity | -0.11 | 0.21 | 0.95 | 3.41 | 1.01 | 4.77 | 2.26 | 4.84 | 2.62 | 0 | 0 |
| Debt / assets | 0.21 | 0.16 | 0.45 | 0.66 | 0.46 | 0.58 | 0.49 | 0.65 | 0.58 | 0 | 0 |
| Net debt / EBITDA | 1.11 | 2.47 | 1.14 | -0.19 | 0.55 | 0.11 | 0.34 | 0.41 | 0.59 | 0.23 | 0.3 |
| Interest coverage | -42.2 | -40.4 | -19.1 | -10.1 | -11.1 | -16 | -5.17 | -6.26 | -5.66 | -7.24 | -8.13 |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 0 | 8.88 | 6.07 | 8.54 | 2.56 | 0 | 0 | 0 | 0 |
| EPS (basic) | -96 | -305.5 | -124.5 | -138 | -99.5 | -108.3 | -29.5 | -17.4 | -10.2 | -165.5 | -165.5 |
| EPS (diluted) | -96 | -305.5 | -124.5 | -138 | -99.5 | -108.3 | -29.5 | -17.4 | -10.2 | -165.5 | -9.39 |
| Book value per share | -253.9 | 649.5 | 196.2 | 43.4 | 95.5 | 12.8 | 12.5 | 3.09 | 3.25 | 42.9 | 0.47 |
| FCF per share | -79.6 | -250.4 | -104.1 | -137.5 | -88.4 | -86.4 | -52.1 | -11.7 | -7.79 | -196.4 | -268 |
| Cash per share | 131.5 | 829.8 | 319.4 | 124.9 | 146.6 | 70 | 46.4 | 20.9 | 13.5 | 46.4 | 0.37 |
| Capex per share | 0.44 | 3.48 | 2.95 | 1.95 | 1.85 | 0.6 | 0.13 | 0.23 | 0.05 | — | — |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Capex / revenue | — | — | — | 22% | 30.5% | 7.06% | 5.11% | — | — | — | — |
| Capex / operating cash flow | -0.49% | -1.26% | -2.76% | -1.33% | -2.16% | -0.71% | -0.97% | -1.8% | -0.74% | — | — |
| Payout ratio | — | — | — | — | — | — | — | — | — | — | 0% |
| FY21 |
| — |
| -$108.3 |
| — |
| — |
| $11.2M |
| — |
| FY20 | — | -$99.5 | — | — | $6.4M | — |
| FY19 | — | -$138 | — | — | $6.1M | — |
| FY18 | — | -$124.5 | — | — | $0 | — |
| FY17 | — | -$305.5 | — | — | $0 | — |
| FY16 | — | -$96 | — | — | $0 | — |
| 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 | $0 | $0 | $0 |
| YoY change | -100% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
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 | 45.5M | 114.6M | 170.9M | 85.4M | 153.5M | 92.1M | 70.5M | 50.9M | 51.2M | 7.6M |
| Receivables | — | — | 0 | 11.6M | 9.6M | 15.3M | 195K | 117K | — | — |
| Inventory | — | 0 | 4.1M | 4.6M | 5.2M | 8.6M | 0 | — | — | — |
| Total current assets | 45.6M | 115.2M | 177M | 105.5M | 171.4M | 124.4M | 85.9M | 52.9M | 52.8M | 9.5M |
| Property, plant & equipment | 594K | 786K | 2.2M | 2.7M | 3.2M | 2.7M | 400K | 753K | 749K | 0 |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — |
| Total assets | 46.3M | 116.5M | 221M | 154.3M | 221.6M | 139.4M | 86.8M | 55.9M | 55.5M | 9.5M |
| Accounts payable | 997K | 1.2M | 5.4M | 2.5M | 1.7M | 4.9M | 2.8M | 919K | 628K | 986K |
| Short-term debt | 556K | 7.1M | 463K | 1.3M | 1.5M | 711K | 5M | 334K | 10.7M | — |
| Total current liabilities | 5.5M | 14.9M | 17M | 24.8M | 22.2M | 37.4M | 25.7M | 8.3M | 17M | 2.5M |
| Long-term debt | 9.1M | 12M | 99M | 99.9M | 99.4M | 79.5M | 37.9M | 36M | 21.5M | 0 |
| Total liabilities | 134.1M | 26.9M | 116M | 124.6M | 121.6M | 122.6M | 67.8M | 48.4M | 43.2M | 2.5M |
| Shareholders' equity | -87.8M | 89.7M | 105M | 29.7M | 100M | 16.8M | 19M | 7.5M | 12.3M | 7M |
| Total debt | 9.7M | 19.1M | 99.4M | 101.2M | 100.9M | 80.2M | 43M | 36.3M | 32.3M | 0 |
| Net debt | -35.8M | -95.5M | -71.5M | 15.7M | 23.7M | -11.9M | -27.5M | -14.6M | -18.9M | -7.6M |
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 | 56.1M | 50.9M | 48.5M | 54.2M | 49.2M | 51.2M | 42.2M | 31.9M | 21.1M | 7.6M | 8.8M | 7.2M |
| Receivables | 117K | 117K | — | 117K | — | — | 112K | 112K | 0 | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 57.9M | 52.9M | 50.1M | 58.9M | 51.3M | 52.8M | 45.7M | 33.7M | 24.3M | 9.5M | 12.3M | 10.6M |
| Property, plant & equipment | 802K | 753K | 714K | 617K | 762K | 749K | 695K | 657K | 603K | 0 | — | — |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 61.1M | 55.9M | 53M | 61.6M | 54.1M | 55.5M | 48.3M | 36.1M | 25M | 9.5M | 12.3M | 10.6M |
| Accounts payable | 787K | 919K | 732K | 665K | 711K | 628K | 931K | 658K | 917K | 986K | 1M | 1.1M |
| Short-term debt | 324K | 334K | 6.3M | 12.3M | 18.3M | 10.7M | 15.9M | 9.9M | 28.8M | — | — | — |
| Total current liabilities | 10.3M | 8.3M | 11.9M | 19.2M | 23.9M | 17M | 23M | 16M | 32.6M | 2.5M | 1.6M | 1.5M |
| Long-term debt | 35.8M | 36M | 30.2M | 24.5M | 18.7M | 21.5M | 16.5M | 20M | 1.1M | 0 | — | — |
| Total liabilities | 49.9M | 48.4M | 46.4M | 47.9M | 47.2M | 43.2M | 42.5M | 39.3M | 33.7M | 2.5M | 1.6M | 1.5M |
| Shareholders' equity | 11.2M | 7.5M | 6.7M | 13.7M | 6.9M | 12.3M | 5.7M | -3.2M | -8.7M | 7M | 10.8M | 9M |
| Total debt | 36.1M | 36.3M | 36.6M | 36.8M | 37M | 32.3M | 32.3M | 29.9M | 29.9M | 0 | — | — |
| Net debt | -20M | -14.6M | -11.9M | -17.4M | -12.2M | -18.9M | -9.9M | -2M | 8.8M | -7.6M | — | — |
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 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -33.2M | -42.2M | -66.7M | -94.3M | -104.3M | -142.6M | -44.8M | -42.2M | -38.5M | -27M |
| Depreciation & amortization | 297K | 643K | 352K | 843K | 912K | 975K | 537K | 303K | 259K | 317K |
| Stock-based compensation | 2.1M | 3.6M | 8.6M | 10M | 13.3M | 16.1M | 7M | 7.5M | 8.4M | 7M |
| Change in working capital | -362K | -170K | -198K | -19.8M | -2.6M | -9.5M | 14.4M | 5.6M | -610K | -1.3M |
| Operating cash flow | -31.1M | -38.1M | -57.1M | -100.6M | -89.7M | -112.5M | -20.6M | -31.3M | -28.2M | -32M |
| Capital expenditure | -153K | -480K | -1.6M | -1.3M | -1.9M | -794K | -199K | -563K | -208K | — |
| Investing cash flow | -153K | -480K | -1.6M | -1.3M | -78.2M | 75.5M | 62.7M | -429K | -208K | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 67.2M | 100.6M | 123.6M | 8.4M | 158.5M | 41M | -8.2M | 8.5M | 29.8M | -11.7M |
| Net change in cash | 36M | 62.1M | 64.9M | -93.5M | -9.4M | 3.9M | 33.9M | -23.2M | 1.4M | -43.7M |
| Free cash flow | -27.5M | -34.6M | -55.7M | -94.1M | -92.6M | -113.8M | -79.2M | -28.5M | -29.6M | -32M |
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 | -8.7M | -8.6M | -11.8M | -9.6M | -8.9M | -8.2M | -8.9M | -11.2M | -7.6M | 686K | -1.6M | -1.6M |
| Depreciation & amortization | 79K | 70K | 66K | 61K | 63K | 69K | 68K | 67K | 128K | 54K | 0 | 0 |
| Stock-based compensation | 2.4M | 2.4M | 2.4M | 1.9M | 2M | 2.1M | 2.3M | 2.2M | 2M | 401K | -471K | -136K |
| Change in working capital | 5.3M | 60K | -260K | -143K | -38K | -169K | 208K | -365K | 159K | -1.5M | 58K | 98K |
| Operating cash flow | -6.5M | -5.5M | -9.1M | -7.3M | -6M | -5.8M | -6.1M | -7.7M | -10.9M | -4.6M | -2.9M | -1.5M |
| Capital expenditure | -281K | -7K | -13K | -36K | -90K | -69K | 0 | — | — | — | — | — |
| Investing cash flow | 9.7M | -7K | -13K | -36K | -90K | -69K | 0 | — | — | — | -7M | 0 |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 0 | 2.5M | 8.4M | 15M | -236K | 6.6M | -148K | -2.5M | -30K | -9M | 4.1M | 0 |
| Net change in cash | 3.2M | -2.9M | -652K | 7.6M | -6.4M | 782K | -6.2M | -10.3M | -10.9M | -13.5M | -5.8M | -1.5M |
| Free cash flow | -3.2M | -7.7M | -10.9M | -9.3M | -4.8M | -4.7M | -8.8M | -7.8M | -10.9M | -4.6M | -2.9M | -1.5M |