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 | -$0.16 | -$0.16 | 0.0% | — | $0 | — |
| Q1 26 | -$0.45 | -$0.12 | +73.3% | — | $0 | — |
| Q4 25 | -$0.18 | -$0.89 | -394.4% | — | $0 | — |
| Q2 23 | -$3.4 | -$2.84 | +16.5% | — | $0 | — |
| Q1 23 | — | -$0.13 | — | — | $0 | — |
| Q4 22 | — | -$0.19 | — | — | $240.7K | — |
| Q3 22 | — | -$0.17 | — | — | $0 | — |
| Q2 22 | — | -$0.11 | — | — | $0 | — |
| Q1 22 | -$0.02 | -$0.07 | -250.0% | — | $0 | — |
| Q4 21 | -$0.05 | $0.12 | +340.0% | — | $15.1K | — |
| Q3 21 | — | -$0.14 | — | — | $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 | — | -$2.91 | — | — | $0 | — |
| FY24 | — | -$12.7 | — | — | $0 | — |
| FY23 | — | -$13 | — | — | $0 | — |
| FY22 | — | -$11 | — | — | $0 | — |
| FY21 | — | -$4.2 | — | — | $15.1K |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $15.1K | $0 | $0 | $0 | $0 |
| YoY change | — | -100% | 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 | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 |
|---|
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 15.1K | 0 | 0 | 0 | 0 |
| Cost of revenue | 17.3K | 113.2K | — | — | — |
| Gross profit | -2.2K | 373.4K | — | — | — |
| Gross margin | -14.7% | — | — | — | — |
| Research & development | 0 | 2.7M | 8.1M | 7.2M | 8M |
| Selling, general & administrative | 4.5M | 9.9M | 7.9M | 7.1M | 12.9M |
| Operating expenses | 4.5M | 12.6M | 16M | 14.2M | 20.9M |
| Operating income | -4.5M | -12.6M | -16M | -14.2M | -20.9M |
| Operating margin | -29.9K% | — | — | — | — |
| Non-operating income, net | 2.3M | 861.1K | 56.2K | -77.8K | 102.4K |
| Pretax income | -2.2M | -11.7M | -15.5M | -13.9M | -20.4M |
| Income tax | 0 | 0 | 0 | 0 | 0 |
| Net income | -2.2M | -13.9M | -16M | -13.9M | -20.4M |
| Net margin | -14.4K% | — | — | — | — |
| EBITDA | -4.5M | -13.4M | -15.4M | -13.5M | -19.9M |
| EPS | -4.2 | -11 | -13 | -12.7 | -2.91 |
| Diluted EPS | -4.2 | -11 | -13 | -12.7 | -2.91 |
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 | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Research & development | 1.6M | 3.4M | 1.7M | 2.4M | 1.6M | 1.5M | 1.7M | 2.1M | 1.4M | 2.7M | 2.9M | 3.7M |
| Selling, general & administrative | 2.2M | 1.8M | 2.3M | 1.6M | 1.4M | 1.7M | 2M | 1.7M | 1.8M | 7.5M | 1.9M | 2M |
| Operating expenses | 3.8M | 5.1M | 4M | 3.9M | 3M | 3.3M | 3.7M | 3.8M | 3.1M | 10.3M | 4.9M | 5.7M |
| Operating income | -3.8M | -5.1M | -4M | -3.9M | -3M | -3.3M | -3.7M | -3.8M | -3.1M | -10.3M | -4.9M | -5.7M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | 45K | -55.3K | 26.7K | -35.6K | -70.3K | 1.4K | 69.7K | 40.3K | 29.2K | -36.8K | 1.6M | 29K |
| Pretax income | -3.6M | -5M | -3.9M | -3.9M | -3M | -3.2M | -3.6M | -3.7M | -3M | -10.1M | -2.9M | -5.3M |
| Income tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income | -3.6M | -5M | -3.9M | -3.9M | -3M | -3.2M | -3.6M | -3.7M | -3M | -10.1M | -2.9M | -5.3M |
| Net margin | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -3.7M | -4.9M | -3.9M | -3.7M | -2.8M | -3.1M | -3.6M | -3.7M | -2.9M | -9.7M | -6.3M | -5.5M |
| EPS | -2.87 | — | -3.7 | -3.71 | -2.87 | — | -1.61 | -0.66 | -0.41 | — | -0.12 | -0.16 |
| Diluted EPS | -2.87 | — | -3.7 | -3.71 | -2.87 | — | -1.61 | -0.66 | -0.41 | — | -0.12 | -0.16 |
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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Market cap | — | 18.4M | — | 9.1M | — | — | 16M |
| Enterprise value | — | -34.6M | — | -7.2M | — | — | -29M |
| Shares outstanding | — | 520.2K | 1.3M | 1.2M | 1.1M | 7M | 7M |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | -0.16 |
| P/S | — | 1.2K | — | — | — | — | — |
| P/B | — | 0.36 | — | 0.39 | — | — | 0.33 |
| EV/EBITDA | — | 7.67 | — | 0.47 | — | — | 1.51 |
| EV/Sales | — | -2.3K | — | — | — | — | — |
| Earnings yield | — | — | — | — | — | — | -606.3% |
| FCF yield | — | -17.4% | — | -141.6% | — | — | -75.8% |
| PEG | — | — | — | — | — | — | 0 |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Gross margin | — | -14.7% | — | — | — | — | — |
| Operating margin | — | -29.9K% | — | — | — | — | 0% |
| Net margin | — | -14.4K% | — | — | — | — | 0% |
| ROE | — | -4.23% | -32.8% | -68.2% | -94.1% | -37% | -65.5% |
| ROA | — | -4.08% | -30.8% | -61.1% | -86.6% | -33.9% | -36% |
| ROIC | — | 291.5% | -127% | -223.5% | -181.3% | -34.6K% | -573.7% |
| Return on tangible assets | — | -4.08% | -54.6% | -207.1% | 1.3K% | -38.8% | -47.5% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Current ratio | — | 119.2 | 18.1 | 6.34 | 6.58 | 11.4 | 26.2 |
| Quick ratio | — | 119.2 | 18.1 | 6.34 | 6.58 | 11.4 | 26.2 |
| Debt / equity | — | 0 | 0.01 | 0 | — | — | 0 |
| Debt / assets | — | 0 | 0.01 | 0 | — | — | — |
| Net debt / EBITDA | — | 11.8 | 2.43 | 1.06 | — | — | 2.39 |
| Interest coverage | — | -4.3K | -123.4K | — | — | — | — |
| Effective tax rate | — | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Revenue per share | — | 0.03 | 0 | 0 | 0 | 0 | 0 |
| EPS (basic) | — | -4.2 | -11 | -13 | -12.7 | -2.91 | -2.91 |
| EPS (diluted) | — | -4.2 | -11 | -13 | -12.7 | -2.91 | -1.35 |
| Book value per share | — | 98.8 | 33.7 | 19.1 | 13.5 | 7.85 | 1.49 |
| FCF per share | — | -6.14 | -9.51 | -10.5 | -12.7 | -2.16 | -0.55 |
| Cash per share | — | 101.8 | 26.2 | 13.3 | 6.32 | 7.85 | 1.37 |
| Capex per share | — | 0.04 | 0.08 | 0.03 | 0 | — | — |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Capex / revenue | — | 142.8% | — | — | — | — | — |
| Capex / operating cash flow | — | -2.26% | -1.04% | -0.24% | 0% | — | — |
| Payout ratio | — | — | — | — | — | — | 0% |
| — |
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| YoY change | 0% | -100% | 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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Cash & short-term investments | 243.7K | 53M | 33.1M | 16.3M | 6.9M | 55.2M |
| Receivables | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — |
| Total current assets | 248K | 53.3M | 34.1M | 16.7M | 7.4M | 56.5M |
| Property, plant & equipment | — | 20.1K | 625.6K | 220.5K | 122.3K | 0 |
| Goodwill & intangibles | — | 0 | 19.7M | 18.4M | 17.1M | 7.6M |
| Total assets | 248K | 53.3M | 45.2M | 26.1M | 16.1M | 60.2M |
| Accounts payable | — | — | — | — | — | — |
| Short-term debt | — | — | 160.4K | 81.7K | — | — |
| Total current liabilities | 6.6K | 447.3K | 1.9M | 2.6M | 1.1M | 5M |
| Long-term debt | — | 0 | 344K | 0 | — | — |
| Total liabilities | 6.6K | 1.9M | 2.7M | 2.7M | 1.3M | 5M |
| Shareholders' equity | 241.4K | 51.4M | 42.5M | 23.4M | 14.8M | 55.2M |
| Total debt | — | 0 | 504.4K | 81.7K | — | — |
| Net debt | — | -53M | -32.6M | -16.2M | — | — |
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 | 19.6M | 16.3M | 12M | 8M | 9.4M | 6.9M | 5.3M | 7.2M | 4.1M | 55.2M | 50.4M | 45.7M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 20.8M | 16.7M | 13.2M | 8.6M | 9.8M | 7.4M | 6.1M | 8.6M | 5.5M | 56.5M | 52.7M | 48.2M |
| Property, plant & equipment | 145.9K | 220.5K | 168.5K | 131.8K | 127.1K | 122.3K | 117.5K | 113.6K | 0 | 0 | — | — |
| Goodwill & intangibles | 18.7M | 18.4M | 18.1M | 17.8M | 17.5M | 17.1M | 16.8M | 16.5M | 16.2M | 7.6M | 7.2M | 6.9M |
| Total assets | 30.7M | 26.1M | 22.4M | 17.7M | 18.6M | 16.1M | 14.7M | 17M | 13.6M | 60.2M | 56.4M | 51.7M |
| Accounts payable | — | — | — | — | — | — | — | — | — | — | — | — |
| Short-term debt | 174.5K | 81.7K | 33K | — | — | — | — | — | — | — | — | — |
| Total current liabilities | 2M | 2.6M | 2.5M | 1.4M | 660.4K | 1.1M | 1.6M | 1.7M | 1.4M | 5M | 1.5M | 1.8M |
| Long-term debt | 210.8K | 0 | — | — | — | — | — | — | — | — | — | — |
| Total liabilities | 2.3M | 2.7M | 2.5M | 1.5M | 824K | 1.3M | 1.7M | 1.8M | 1.4M | 5M | 1.5M | 1.9M |
| Shareholders' equity | 28.4M | 23.4M | 19.9M | 16.2M | 17.8M | 14.8M | 13M | 15.2M | 12.2M | 55.2M | 54.8M | 49.8M |
| Total debt | 385.3K | 81.7K | 33K | — | — | — | — | — | — | — | — | — |
| Net debt | -19.2M | -16.2M | -12M | — | — | — | — | — | — | — | — | — |
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 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Net income | -2.2M | -11.7M | -15.5M | -13.9M | -20.4M |
| Depreciation & amortization | 1.4K | 5.1K | 648.5K | 649K | 662.6K |
| Stock-based compensation | 471.3K | 835.1K | 592.3K | 773.7K | 297.5K |
| Change in working capital | 0 | 281K | 156.7K | -147 | -269.3K |
| Operating cash flow | -950.9K | -10.3M | -14.1M | -12.5M | -15.2M |
| Capital expenditure | -21.5K | -107.1K | -34.3K | 0 | — |
| Investing cash flow | -21.5K | -2.3M | 75.2K | 0 | — |
| Dividends paid | — | — | — | — | — |
| Share repurchases | 0 | -3.2M | -3.7M | 0 | — |
| Financing cash flow | 48.9M | -3.2M | -3.7M | -481.5K | 61.3M |
| Net change in cash | 48M | -15.8M | -17.8M | -13M | 46.1M |
| Free cash flow | -3.2M | -12M | -12.8M | -13.9M | -15.2M |
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 | — | — | — | — | — | — | — | — | -3M | -10.1M | -2.9M | -5.3M |
| Depreciation & amortization | — | — | — | — | — | — | — | — | 181.6K | 157.5K | 157.5K | 157.5K |
| Stock-based compensation | — | — | — | — | — | — | — | — | 53K | 88.3K | 139.2K | 329.9K |
| Change in working capital | — | — | — | — | — | — | — | — | 84.8K | -379.2K | -12.6K | 377.9K |
| Operating cash flow | — | — | — | — | — | — | — | — | -2.9M | -5.4M | -4.8M | -4.7M |
| Capital expenditure | — | — | — | — | — | — | — | — | — | — | — | — |
| Investing cash flow | — | — | — | — | — | — | — | — | — | — | — | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | — | — | — | — | — | — | — | — | -116.1K | 55.5M | 0 | 0 |
| Net change in cash | — | — | — | — | — | — | — | — | -3M | 50.1M | -4.8M | -4.7M |
| Free cash flow | — | — | — | — | — | — | — | — | -2.9M | -5.4M | -4.8M | -4.7M |