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 | -$1.9 | -$1.9 | 0.0% | — | $287K | — |
| Q1 26 | -$1.72 | -$1.9 | -10.5% | — | $398K | — |
| Q4 25 | -$3.67 | -$2.2 | +40.1% | — | $365K | — |
| Q3 25 | -$2.57 | -$3.9 | -51.8% | — | $137K | — |
| Q2 25 | -$3.52 | -$3.3 | +6.3% | — | $316K | — |
| Q1 25 | -$3.27 | -$3.4 | -4.0% | — | $381K | — |
| Q4 24 | -$0.34 | -$0.43 | -26.5% | — | $603K | — |
| Q3 24 | -$4.43 | -$3.4 | +23.3% | — | $773K | — |
| Q2 24 | -$8.7 | -$18.3 | -110.3% | — | $468K | — |
| Q1 24 | -$20.1 | -$16.1 | +19.7% | — | $548K | — |
| Q4 23 | -$20.5 | -$25 | -22.0% | — | $63K | — |
| Q3 23 | -$0.22 | -$0.28 | -27.3% | — | $150K | — |
| Q2 23 | -$24.7 | -$27 | -9.4% | — | $217K | — |
| Q1 23 | -$0.21 | -$0.22 | -4.8% | — | $238K | — |
| Q4 22 | -$20 | -$21 | -5.0% | — | $121K | — |
| Q3 22 | -$22 | -$25 | -13.6% | — | $265K | — |
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 | — | -$1.29 | — | — | $1.2M | — |
| FY24 | — | -$2.62 | — | — | $2.4M | — |
| FY23 | — | -$10.2 | — | — | $709K | — |
| FY22 | — | -$9 | — | — | $1.2M | — |
| FY21 |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.1M | $5.6M | $5.6M | $1.3M | $1.2M | $709K | $2.4M | $1.2M |
| YoY change | — | +163.7% | -0.01% | -76.8% | -6.43% | -42% | +237.4% | -49.9% |
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 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2.1M | 5.6M | 5.6M | 1.3M | 1.2M | 709K | 2.4M | 1.2M |
| Cost of revenue | 1.5M | 3.8M | 3.8M | 716K | 725K | 488K | 508K | 396K |
| Gross profit | 680.6K | 1.8M | 1.8M | 590K | 497K | 221K | 1.9M | 803K |
| Gross margin | 31.9% | 32.4% | 32.4% | 45.2% | 40.7% | 31.2% | 78.8% | 67% |
| Research & development | 3.9M | 2.7M | 2.7M | 7.1M | 9.4M | 9.1M | 8.1M | 12M |
| Selling, general & administrative | 3.2M | 2.9M | 2.9M | 11M | 9.2M | 12.2M | 10.3M | 12M |
| Operating expenses | 7M | 5.6M | 5.6M | 18M | 18.5M | 21.3M | 18.4M | 24.1M |
| Operating income | -6.4M | -3.8M | -3.8M | -17.5M | -18M | -21M | -16.5M | -23.3M |
| Operating margin | -298% | -67.1% | -67.1% | -1.3K% | -1.5K% | -3K% | -690.7% | -1.9K% |
| Non-operating income, net | — | 63.9K | 64K | 415K | -792K | -384K | 549K | 583K |
| Pretax income | -6.3M | -3.7M | -3.7M | -17M | -18.8M | -21.4M | -16M | -22.7M |
| Income tax | — | — | — | — | — | — | — | — |
| Net income | -6.3M | -3.7M | -3.7M | -17M | -18.8M | -21.4M | -16M | -22.7M |
| Net margin | -296.8% | -66.1% | -66.1% | -1.3K% | -1.5K% | -3K% | -667.8% | -1.9K% |
| EBITDA | -5.6M | -2.9M | -2.9M | -16.4M | -15.8M | -20.1M | -15.6M | -22M |
| EPS | -4 | -2.32 | -2.21 | -9 | -9 | -10.2 | -2.62 | -1.29 |
| Diluted EPS | -4 | -2.32 | -2.21 | -9 | -9 | -10.2 | -2.62 | -1.29 |
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 | 150K | 63K | 548K | 468K | 773K | 603K | 381K | 316K | 137K | 365K | 398K | 287K |
| Cost of revenue | 96K | 65K | 219K | 124K | 91K | 73K | 106K | 170K | 12K | 108K | 134K | 105K |
| Gross profit | 54K | -2K | 329K | 344K | 682K | 530K | 275K | 146K | 125K | 257K | 264K | 182K |
| Gross margin | 36% | -3.17% | 60% | 73.5% | 88.2% | 87.9% | 72.2% | 46.2% | 91.2% | 70.4% | 66.3% | 63.4% |
| Research & development | 1.8M | 2.2M | 2.2M | 1.7M | 2.2M | 2M | 2.5M | 3M | 3.9M | 2.7M | 2.3M | 3.2M |
| Selling, general & administrative | 3.4M | 3.3M | 2.2M | 2.1M | 3.1M | 2.8M | 2.9M | 2.6M | 3.6M | 2.9M | 2.7M | 3.2M |
| Operating expenses | 5.2M | 5.4M | 4.4M | 3.8M | 5.3M | 4.8M | 5.5M | 5.5M | 7.4M | 5.7M | 5M | 6.4M |
| Operating income | -5.2M | -5.4M | -4.1M | -3.5M | -4.6M | -4.3M | -5.2M | -5.4M | -7.3M | -5.4M | -4.8M | -6.2M |
| Operating margin | -3.4K% | -8.6K% | -746.4% | -747.9% | -601.4% | -710% | -1.4K% | -1.7K% | -5.3K% | -1.5K% | -1.2K% | -2.2K% |
| Non-operating income, net | 55K | -588K | 32K | 87K | 230K | 200K | 170K | 369K | 89K | -45K | 39K | 98K |
| Pretax income | -5.1M | -6M | -4.1M | -3.4M | -4.4M | -4.1M | -5M | -5M | -7.2M | -5.4M | -4.7M | -6.1M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — |
| Net income | -5.1M | -6M | -4.1M | -3.4M | -4.4M | -4.1M | -5M | -5M | -7.2M | -5.4M | -4.7M | -6.1M |
| Net margin | -3.4K% | -9.6K% | -740.5% | -729.3% | -571.7% | -676.8% | -1.3K% | -1.6K% | -5.3K% | -1.5K% | -1.2K% | -2.1K% |
| EBITDA | -4.9M | -5.2M | -3.8M | -3.3M | -4.4M | -4M | -4.8M | -5.1M | -7M | -5.1M | -4.5M | -6M |
| EPS | -2.79 | — | -1.61 | -1.83 | -0.34 | — | -0.34 | -0.33 | -0.39 | — | -0.19 | -0.19 |
| Diluted EPS | -2.79 | — | -1.61 | -1.83 | -0.34 | — | -0.34 | -0.33 | -0.39 | — | -0.19 | -0.19 |
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 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Market cap | — | — | — | — | — | — | — | — | 8.4M |
| Enterprise value | — | — | — | — | — | — | — | — | -1.1M |
| Shares outstanding | 1.6M | 1.6M | 1.7M | 1.9M | 2.1M | 2.2M | 9.4M | 17.6M | 17.6M |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | — | 2.95 |
| P/S | — | — | — | — | — | — | — | — | 7.06 |
| P/B | — | — | — | — | — | — | — | — | 0.8 |
| EV/EBITDA | — | — | — | — | — | — | — | — | 0.05 |
| EV/Sales | — | — | — | — | — | — | — | — | -0.94 |
| Earnings yield | — | — | — | — | — | — | — | — | 33.9% |
| FCF yield | — | — | — | — | — | — | — | — | -138.4% |
| PEG | — | — | — | — | — | — | — | — | -0.07 |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Gross margin | 31.9% | 32.4% | 32.4% | 45.2% | 40.7% | 31.2% | 78.8% | 67% | 63.4% |
| Operating margin | -298% | -67.1% | -67.1% | -1.3K% | -1.5K% | -3K% | -690.7% | -1.9K% | -2.2K% |
| Net margin | -296.8% | -66.1% | -66.1% | -1.3K% | -1.5K% | -3K% | -667.8% | -1.9K% | 67% |
| ROE | -93% | -83.7% | -190.1% | -45.5% | -91.9% | -317.7% | -73% | -400.1% | -203.6% |
| ROA | -60.2% | -35.2% | -40.3% | -39.9% | -68.7% | -177.3% | -62.5% | -221.3% | -90.9% |
| Return on tangible assets | -80.9% | -48.8% | -60.5% | -44.7% | -83.4% | -285.4% | -77% | -398.9% | -211.8% |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 2.24 | 0.95 | 0.48 | 13.1 | 4.17 | 1.5 | 7.6 | 1.33 | 2.63 |
| Quick ratio | 2.24 | 0.95 | 0.48 | 13.1 | 4.17 | 1.5 | 7.6 | 1.33 | 2.63 |
| Debt / equity | 0 | 0.93 | 2.12 | 0.08 | 0.13 | 0.3 | 0.07 | 0.15 | 0.06 |
| Debt / assets | 0 | 0.39 | 0.45 | 0.07 | 0.1 | 0.17 | 0.06 | 0.08 | 0.04 |
| Net debt / EBITDA | 0.72 | -0.77 | -1.14 | 1.94 | 1.08 | 0.17 | 1.14 | 0.17 | 0.42 |
| Interest coverage | — | -567.8 | -530.6 | -4.3K | — | — | — | — | — |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | 1.34 | 3.51 | 3.34 | 0.69 | 0.58 | 0.33 | 0.25 | 0.07 | 0.49 |
| EPS (basic) | -4 | -2.32 | -2.21 | -9 | -9 | -10.2 | -2.62 | -1.29 | -1.29 |
| EPS (diluted) | -4 | -2.32 | -2.21 | -9 | -9 | -10.2 | -2.62 | -1.29 | -9.39 |
| Book value per share | 4.28 | 2.78 | 1.16 | 19.8 | 9.78 | 3.1 | 2.33 | 0.32 | 3.28 |
| FCF per share | -3.39 | -1.57 | -1.56 | -5.79 | -7.07 | -9.06 | -1.58 | -1.09 | -0.66 |
| Cash per share | 2.53 | 1.16 | 0.48 | 18.5 | 9.37 | 2.47 | 2.04 | 0.27 | 3.16 |
| Capex per share | 0.06 | 0.02 | 0.08 | 0.13 | 0.27 | 0.14 | 0.07 | — | — |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Capex / revenue | 4.5% | 0.67% | 2.33% | 18.8% | 46.6% | 42.5% | 27.4% | — | — |
| Capex / operating cash flow | -1.83% | -1.23% | -3.89% | -2.71% | -3.86% | -1.43% | -4.79% | — | — |
| Payout ratio | — | — | — | — | — | — | — | — | 0% |
| — |
| -$9 |
| — |
| — |
| $1.3M |
| — |
| FY20 | — | -$2.21 | — | — | $5.6M | — |
| FY19 | — | -$2.32 | — | — | $5.6M | — |
| FY18 | — | -$4 | — | — | $2.1M | — |
| 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 | $150K | $63K | $548K | $468K | $773K | $603K | $381K | $316K | $137K | $365K | $398K | $287K |
| YoY change | -43.4% | -47.9% | +130.3% | +115.7% | +415.3% | +857.1% | -30.5% | -32.5% | -82.3% | -39.5% | +4.46% | -9.18% |
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 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 4M | 1.9M | 816K | 35M | 19.7M | 5.4M | 19.2M | 4.7M |
| Receivables | 0 | 84.8K | 15K | 0 | 0 | 15K | 25K | 104K |
| Inventory | — | — | — | — | — | — | — | — |
| Total current assets | 4.2M | 2.4M | 1.8M | 35.4M | 20.3M | 5.8M | 19.6M | 5.5M |
| Property, plant & equipment | 4.8M | 6.5M | 5.7M | 4.9M | 7.4M | 3.8M | 3.3M | 1.8M |
| Goodwill & intangibles | 2.7M | 3M | 3.1M | 4.7M | 4.8M | 4.6M | 4.8M | 4.6M |
| Total assets | 10.5M | 10.6M | 9.2M | 42.8M | 27.4M | 12.1M | 25.6M | 10.3M |
| Accounts payable | 1.2M | 1.2M | 1.6M | 645K | 1.8M | 638K | 99K | 423K |
| Short-term debt | — | 485.8K | 688K | 537K | 564K | 593K | 623K | 655K |
| Total current liabilities | 1.9M | 2.5M | 3.8M | 2.7M | 4.9M | 3.9M | 2.6M | 4.1M |
| Long-term debt | 0 | 3.7M | 3.5M | 2.6M | 2M | 1.4M | 824K | 169K |
| Total liabilities | 3.7M | 6.1M | 7.3M | 5.3M | 6.9M | 5.3M | 3.7M | 4.6M |
| Shareholders' equity | 6.8M | 4.4M | 2M | 37.5M | 20.5M | 6.7M | 21.9M | 5.7M |
| Total debt | 0 | 4.1M | 4.1M | 3.1M | 2.6M | 2M | 1.4M | 824K |
| Net debt | -4M | 2.3M | 3.3M | -22.5M | -7.9M | -2.9M | -17.8M | -3.8M |
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 | 3.9M | 5.4M | 2.3M | 12.4M | 22.8M | 19.2M | 14.3M | 10.3M | 9.2M | 4.7M | 15.8M | 10.1M |
| Receivables | — | 15K | 82K | 159K | 321K | 25K | 29K | 31K | 52K | 104K | 68K | 65K |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 5M | 5.8M | 3.8M | 13.4M | 23.8M | 19.6M | 15.3M | 11.3M | 10.3M | 5.5M | 16.9M | 11.3M |
| Property, plant & equipment | 3.8M | 3.8M | 3.5M | 3.4M | 3.6M | 3.3M | 3.1M | 3M | 2.1M | 1.8M | 1.7M | 1.6M |
| Goodwill & intangibles | 5.1M | 4.6M | 4.5M | 4.7M | 4.7M | 4.8M | 4.6M | 4.6M | 4.6M | 4.6M | 4.5M | 4.4M |
| Total assets | 11.6M | 12.1M | 9.7M | 19.4M | 29.9M | 25.6M | 20.8M | 16.7M | 15.6M | 10.3M | 21.2M | 15.5M |
| Accounts payable | 829K | 638K | 1.5M | 600K | 887K | 99K | 367K | 700K | 1.1M | 423K | 293K | 633K |
| Short-term debt | 586K | 593K | 601K | 608K | 616K | 623K | 631K | 639K | 647K | 655K | 688K | 581K |
| Total current liabilities | 3.4M | 3.9M | 5.3M | 3.2M | 3.1M | 2.6M | 2.7M | 3.3M | 4.9M | 4.1M | 4.3M | 4.3M |
| Long-term debt | 1.6M | 1.4M | 1.3M | 1.1M | 983K | 824K | 664K | 501K | 336K | 169K | 60K | 0 |
| Total liabilities | 5M | 5.3M | 6.7M | 4.5M | 4.3M | 3.7M | 3.7M | 4.1M | 5.6M | 4.6M | 5.2M | 5.1M |
| Shareholders' equity | 6.6M | 6.7M | 3M | 14.9M | 25.6M | 21.9M | 17.2M | 12.7M | 10M | 5.7M | 16M | 10.4M |
| Total debt | 2.2M | 2M | 1.9M | 1.7M | 1.6M | 1.4M | 1.3M | 1.1M | 983K | 824K | 748K | 581K |
| Net debt | 218K | -2.9M | -44K | -10.6M | -21.2M | -17.8M | -13M | -9.2M | -8.3M | -3.8M | -15M | -9.5M |
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 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Net income | -6.3M | -3M | -3.7M | -17M | -18.8M | -21.4M | -16M | -22.7M |
| Depreciation & amortization | 745.8K | 768.8K | 785K | 914K | 893K | 946K | 958K | 1.2M |
| Stock-based compensation | 423.9K | 136.8K | 83K | 7.7M | 2.2M | 2M | 2.3M | 1.7M |
| Change in working capital | -88.7K | -989.2K | -557K | -649K | 1M | -1.2M | -977K | 142K |
| Operating cash flow | -5.3M | -3M | -3.4M | -9M | -14.7M | -21M | -13.7M | -18.6M |
| Capital expenditure | -96K | -37.6K | -131K | -245K | -569K | -301K | -655K | — |
| Investing cash flow | -96K | -37.6K | -131K | -245K | -569K | -301K | -303K | 0 |
| Dividends paid | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — |
| Financing cash flow | 1.4M | 350K | 1.6M | 44.5M | -511K | 5.2M | 12.6M | 4.7M |
| Net change in cash | -4M | -2.7M | -1.9M | 35.2M | -15.8M | -16.2M | -1.4M | -14M |
| Free cash flow | -5.4M | -2.5M | -2.6M | -10.9M | -14.8M | -19.7M | -14.9M | -19.2M |
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 | -5.1M | -6M | -4.1M | -3.4M | -4.4M | -4.1M | -5M | -5M | -7.2M | -5.4M | -4.7M | -6.1M |
| Depreciation & amortization | 232K | 236K | 252K | 229K | 235K | 242K | 421K | 263K | 264K | 278K | 252K | 221K |
| Stock-based compensation | 499K | 413K | 295K | 230K | 1.4M | 390K | 340K | 513K | 448K | 376K | 379K | 373K |
| Change in working capital | -900K | -266K | 1.1M | -1.3M | -151K | -567K | 335K | 237K | 203K | -633K | -215K | 187K |
| Operating cash flow | -5.3M | -5.6M | -2.4M | -4.3M | -2.9M | -4M | -3.9M | -3.6M | -5.1M | -5.3M | -4.4M | -5.7M |
| Capital expenditure | -3K | -164K | -16K | -196K | -430K | -13K | -27K | — | — | — | — | — |
| Investing cash flow | 3.9M | -164K | 45K | 93K | -428K | -13K | -27K | 0 | 0 | 0 | — | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | -50K | -21K | 63K | -6K | 7.9M | -53K | -58K | -133K | 4.1M | 777K | 14.2M | -12K |
| Net change in cash | -1.4M | -5.8M | -2.3M | -4.2M | 4.5M | -4.1M | -4M | -3.7M | -972K | -4.5M | 9.8M | -5.7M |
| Free cash flow | -4.7M | -4.3M | -3.1M | -4.9M | -3.3M | -3.5M | -4.8M | -3.9M | -5.2M | -5.4M | -4.4M | -5.8M |