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 23 | -$0.33 | -$0.22 | +33.3% | — | $0 | — |
| Q2 23 | -$0.28 | -$0.2 | +28.6% | — | $0 | — |
| Q1 23 | -$0.27 | -$0.22 | +18.5% | — | $0 | — |
| Q4 22 | -$0.27 | -$0.17 | +37.0% | — | $0 | — |
| Q3 22 | -$0.39 | -$0.2 | +48.7% | — | $0 | — |
| Q2 22 | -$0.28 | -$0.39 | -39.3% | — | $0 | — |
| Q1 22 | -$0.3 | -$0.26 | +13.3% | — | $0 | — |
| Q4 21 | -$0.71 | -$0.28 | +60.6% | — | $0 | — |
| Q3 21 | -$0.57 | -$0.63 | -10.5% | — | $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 % |
|---|---|---|---|---|---|---|
| FY22 | — | -$1.02 | — | — | $0 | — |
| FY21 | — | -$5.71 | — | — | $0 | — |
| FY20 | — | -$1.33 | — | — | $0 | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY20 | FY21 | FY22 |
|---|---|---|---|
| Revenue | $0 | $0 | $0 |
| YoY change | — | 0% | 0% |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | Q4 20 | Q1 21 | Q2 21 | Q3 21 | Q4 21 | Q1 22 | Q2 22 | Q3 22 | Q4 22 | Q1 23 | Q2 23 | Q3 23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY20 | FY21 | FY22 |
|---|---|---|---|
| Revenue | 0 | 0 | 0 |
| Cost of revenue | — | — | — |
| Gross profit | — | — | — |
| Gross margin | — | — | — |
| Research & development | 120.9M | 158.7M | 59.8M |
| Selling, general & administrative | 14M | 36.9M | 65.6M |
| Operating expenses | 134.9M | 195.6M | 125.4M |
| Operating income | -134.9M | -195.6M | -125.4M |
| Operating margin | — | — | — |
| Non-operating income, net | 123K | -455K | 10.4M |
| Pretax income | -139.6M | -195.8M | -110.6M |
| Income tax | 4K | 518K | -333K |
| Net income | -139.6M | -196.3M | -110.3M |
| Net margin | — | — | — |
| EBITDA | -134.8M | -195M | -124.3M |
| EPS | -1.33 | -5.71 | -1.02 |
| Diluted EPS | -1.33 | -5.71 | -1.02 |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | Q4 20 | Q1 21 | Q2 21 | Q3 21 | Q4 21 | Q1 22 | Q2 22 | Q3 22 | Q4 22 | Q1 23 | Q2 23 | Q3 23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Research & development | 2.7M | 53.4M | 93M | 4.7M | 7.7M | 12.3M | 28.6M | 8.3M | 10.6M | 10.8M | 9.5M | 9M |
| Selling, general & administrative | 6.5M | 7.1M | 6.5M | 8.9M | 14.4M | 16.1M | 14.6M | 16.3M | 18.7M | 15.1M | 15.6M | 17.3M |
| Operating expenses | 9.2M | 60.5M | 99.5M | 13.5M | 22M | 28.4M | 43.1M | 24.5M | 29.2M | 26M | 25M | 26.3M |
| Operating income | -9.2M | -60.5M | -99.5M | -13.5M | -22M | -28.4M | -43.1M | -24.5M | -29.2M | -26M | -25M | -26.3M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | 42K | -124K | -68K | 3K | -266K | 417K | 203K | 1.3M | 8.5M | -44K | 869K | 141K |
| Pretax income | -12.7M | -60.6M | -99.5M | -13.5M | -22.2M | -27.7M | -42.4M | -21.9M | -18.6M | -23.6M | -21.4M | -23.5M |
| Income tax | 2K | 975K | 975K | -397K | -1M | 6K | 5K | 6K | -350K | 438K | 200K | 586K |
| Net income | -12.7M | -61.6M | -100.4M | -13.1M | -21.2M | -27.7M | -42.4M | -21.9M | -18.3M | -24M | -21.6M | -24M |
| Net margin | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -9.2M | -60.4M | -99.4M | -13.4M | -21.8M | -28.1M | -43M | -24.3M | -28.9M | -25.6M | -24.7M | -26M |
| EPS | — | -0.58 | -0.95 | -0.12 | -0.28 | -0.26 | -0.39 | -0.2 | -0.17 | -0.22 | -0.2 | -0.22 |
| Diluted EPS | — | -0.58 | -0.95 | -0.12 | -0.28 | -0.26 | -0.39 | -0.2 | -0.17 | -0.22 | -0.2 | -0.22 |
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 | Current |
|---|---|---|---|---|---|
| Market cap | — | — | — | — | 6.4M |
| Enterprise value | — | — | — | — | -68.5M |
| Shares outstanding | — | 105.3M | 34.4M | 107.9M | 107.9M |
| Metric | FY19 | FY20 | FY21 | FY22 | Current |
|---|---|---|---|---|---|
| P/E | — | — | — | — | -0.06 |
| P/B | — | — | — | — | 0.03 |
| EV/EBITDA | — | — | — | — | 0.55 |
| Earnings yield | — | — | — | — | -1.7K% |
| FCF yield | — | — | — | — | -1.7K% |
| PEG | — | — | — | — | -0.01 |
| Metric | FY19 | FY20 | FY21 | FY22 | Current |
|---|---|---|---|---|---|
| ROE | — | 142.4% | -50.7% | -37.6% | -37.6% |
| ROA | — | -50% | -46% | -34.5% | -34.5% |
| ROIC | — | 38.5% | -2.2K% | 2.9K% | 803.2% |
| Return on tangible assets | — | -50% | -46% | -34.5% | -33.5% |
| Metric | FY19 | FY20 | FY21 | FY22 | Current |
|---|---|---|---|---|---|
| Current ratio | — | 44.5 | 26.5 | 13.2 | 10.1 |
| Quick ratio | — | 44.5 | 26.5 | 13.2 | 10.1 |
| Debt / equity | — | -0.02 | 0.01 | 0.01 | 0 |
| Debt / assets | — | 0.01 | 0.01 | 0.01 | 0.01 |
| Net debt / EBITDA | — | 1.87 | 1.94 | 2.4 | 2.37 |
| Effective tax rate | — | 0% | 0% | 0% | 0% |
| Metric | FY19 | FY20 | FY21 | FY22 | Current |
|---|---|---|---|---|---|
| Revenue per share | — | 0 | 0 | 0 | 0 |
| EPS (basic) | — | -1.33 | -5.71 | -1.02 | -1.02 |
| EPS (diluted) | — | -1.33 | -5.71 | -1.02 | -1.02 |
| Book value per share | — | -0.93 | 11.3 | 2.72 | 2.2 |
| FCF per share | — | -0.94 | -4.79 | -0.94 | -0.78 |
| Cash per share | — | 2.42 | 11.1 | 2.8 | 2.35 |
| Capex per share | — | 0.01 | 0.03 | 0.02 | 0 |
| Metric | FY19 | FY20 | FY21 | FY22 | Current |
|---|---|---|---|---|---|
| Capex / operating cash flow | — | -0.78% | -0.58% | -1.69% | -0.6% |
Split-adjusted payout per share by ex-dividend date.
| Ex-dividend | Amount |
|---|---|
| Mar 15, 2024 | $4.80 |
| $0 |
| $0 |
| $0 |
| $0 |
| $0 |
| $0 |
| $0 |
| $0 |
| $0 |
| YoY change | — | — | — | 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 | FY19 | FY20 | FY21 | FY22 |
|---|---|---|---|---|
| Cash & short-term investments | 43.3M | 254.3M | 383.2M | 302.4M |
| Receivables | — | — | — | — |
| Inventory | — | — | — | — |
| Total current assets | 43.3M | 276.7M | 399.6M | 312.8M |
| Property, plant & equipment | 532K | 2.5M | 6.6M | 7.1M |
| Goodwill & intangibles | — | — | — | — |
| Total assets | 43.9M | 279.3M | 426.3M | 320M |
| Accounts payable | 0 | 4.3M | 3.2M | 1.5M |
| Short-term debt | 182K | 539K | 1.1M | 1.9M |
| Total current liabilities | 3.3M | 6.2M | 15.1M | 23.6M |
| Long-term debt | 350K | 1.3M | 3.7M | 2.5M |
| Total liabilities | 58.7M | 377.4M | 39M | 26.3M |
| Shareholders' equity | -14.8M | -98.1M | 387.3M | 293.6M |
| Total debt | 532K | 1.9M | 4.8M | 4.3M |
| Net debt | -42.8M | -252.5M | -223.3M | -74.9M |
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 20 | Q2 21 | Q3 21 | Q4 21 | Q1 22 | Q2 22 | Q3 22 | Q4 22 | Q1 23 | Q2 23 | Q3 23 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 254.3M | 142.6M | 109M | 383.2M | 369.1M | 329.3M | 311.7M | 302.4M | 286.5M | 267.3M | 252.2M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 276.7M | 146.4M | 121M | 399.6M | 386.1M | 343.7M | 324.2M | 312.8M | 296.1M | 273.1M | 257.8M |
| Property, plant & equipment | 2.5M | 2.3M | 913K | 6.6M | 7.3M | 8M | 7.5M | 7.1M | 6.4M | 5.6M | 5M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 279.3M | 168.6M | 141.9M | 426.3M | 413.5M | 371.8M | 351.8M | 320M | 302.6M | 278.8M | 262.9M |
| Accounts payable | 4.3M | 30.4M | 1.6M | 3.2M | 7.9M | 1.2M | 2M | 1.5M | 5.4M | 1.9M | 6.2M |
| Short-term debt | 539K | 403K | 306K | 1.1M | 1.4M | 1.8M | 1.8M | 1.9M | 1.9M | 1.9M | 1.9M |
| Total current liabilities | 6.2M | 42.1M | 22.3M | 15.1M | 25.2M | 21.7M | 22M | 23.6M | 25.9M | 21.6M | 25.6M |
| Long-term debt | 1.3M | 1.2M | 0 | 3.7M | 3.3M | 3.7M | 3M | 2.5M | 2M | 1.4M | 950K |
| Total liabilities | 377.4M | 416M | 395M | 39M | 48.7M | 45.6M | 45.2M | 26.3M | 28.2M | 23.3M | 26.8M |
| Shareholders' equity | -98.1M | -247.4M | -253.1M | 387.3M | 364.8M | 326.2M | 306.6M | 293.6M | 274.4M | 255.5M | 236.1M |
| Total debt | 1.9M | 1.6M | 306K | 4.8M | 4.7M | 5.5M | 4.8M | 4.3M | 3.9M | 3.3M | 2.8M |
| Net debt | -252.5M | -141M | -108.7M | -223.3M | -135.1M | -128.9M | -74.1M | -74.9M | -98.4M | -100.8M | -100.6M |
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 | FY20 | FY21 | FY22 |
|---|---|---|---|
| Net income | -139.6M | -196.3M | -110.3M |
| Depreciation & amortization | 76K | 525K | 1M |
| Stock-based compensation | 5.2M | 8.7M | 19.1M |
| Change in working capital | -15.5M | 13.2M | -3.2M |
| Operating cash flow | -113.4M | -164.6M | -108.9M |
| Capital expenditure | -886K | -947K | -1.8M |
| Investing cash flow | -886K | -155.9M | -69.2M |
| Dividends paid | — | — | — |
| Share repurchases | — | — | — |
| Financing cash flow | 309.8M | 307.7M | 0 |
| Net change in cash | 195.5M | -12.8M | -178.1M |
| Free cash flow | -99M | -164.9M | -101M |
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 | Q4 20 | Q1 21 | Q2 21 | Q3 21 | Q4 21 | Q1 22 | Q2 22 | Q3 22 | Q4 22 | Q1 23 | Q2 23 | Q3 23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -12.7M | -61.6M | -100.4M | -13.1M | -21.2M | -27.7M | -42.4M | -21.9M | -18.3M | -24M | -21.6M | -24M |
| Depreciation & amortization | 46K | 66K | 71K | 141K | 247K | 271K | 138K | 280K | 317K | 324K | 334K | 325K |
| Stock-based compensation | 2.9M | 1.7M | 1.4M | 2.2M | 3.4M | 4.7M | 4.5M | 4.7M | 5.2M | 4.3M | 4.5M | 4.5M |
| Change in working capital | -15.8M | 19.8M | 28M | -34.8M | 238K | 3.8M | -7M | 608K | -603K | 6.2M | -4.8M | 5.5M |
| Operating cash flow | -23.7M | -30.7M | -70.9M | -45.7M | -17.4M | -18.7M | -44.6M | -16.3M | -29.3M | -13.3M | -21.6M | -13.7M |
| Capital expenditure | -551K | -29K | -38K | -92K | -788K | -344K | -329K | -937K | -235K | -19K | -50K | -160K |
| Investing cash flow | -551K | -29K | -38K | -92K | -788K | -75.3M | 33.6M | -38.5M | 11M | 40.5M | 22M | 15.5M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 294.8M | 2.9M | 0 | 0 | 304.8M | 0 | 0 | 0 | 0 | — | — | — |
| Net change in cash | 270.6M | -27.8M | -70.9M | -45.8M | 286.6M | -94M | -11M | -54.9M | -18.3M | 27.3M | 395K | 1.8M |
| Free cash flow | -49.4M | -1.9M | -92.9M | -38.9M | -31.2M | -13.4M | -39.7M | -16.9M | -30.9M | -17.7M | -19.4M | -16M |