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 | -$0.38 | -$0.3 | +21.1% | — | $0 | — |
| Q1 26 | -$0.59 | -$0.31 | +47.5% | — | $0 | — |
| Q4 25 | -$0.55 | -$0.73 | -32.7% | — | $0 | — |
| Q3 25 | -$0.42 | -$0.61 | -45.2% | — | $0 | — |
| Q2 25 | -$0.49 | -$0.41 | +16.3% | — | $0 | — |
| Q1 25 | -$0.41 | -$0.46 | -12.2% | — | $0 | — |
| Q4 24 | -$0.32 | -$0.45 | -40.6% | — | $0 | — |
| Q3 24 | -$0.37 | -$0.24 | +35.1% | — | $0 | — |
| Q2 24 | -$0.32 | -$0.34 | -6.3% | — | $0 | — |
| Q1 24 | -$0.23 | -$0.27 | -17.4% | — | $0 | — |
| Q4 23 | -$0.25 | -$0.29 | -16.0% | — | $0 | — |
| Q3 23 | -$0.23 | -$0.21 | +8.7% | — | $0 | — |
| Q2 23 | -$0.21 | -$0.19 | +9.5% | — | $0 | — |
| Q1 23 | -$0.25 | -$0.15 | +40.0% | — | $0 | — |
| Q4 22 | -$0.37 | -$0.21 | +43.2% | — | $0 | — |
| Q3 22 | -$0.42 | -$0.37 | +11.9% | — | $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 | — | -$2.27 | — | — | $0 | — |
| FY24 | — | -$1.32 | — | — | $0 | — |
| FY23 | — | -$0.84 | — | — | $0 | — |
| FY22 | — | -$1.37 | — | — | $0 | — |
| FY21 | — | -$2.95 |
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 | $0 | $0 | $0 | $0 | $0 | $0 |
| YoY change | — | 0% | 0% | 0% | 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 |
|---|
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 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — |
| Research & development | 20.8M | 31.4M | 38.4M | 24.3M | 27.7M | 73.3M | 154.2M |
| Selling, general & administrative | 2.4M | 11.4M | 12.1M | 12.3M | 14.1M | 17.6M | 18.3M |
| Operating expenses | 23.2M | 42.8M | 50.5M | 36.5M | 41.8M | 90.9M | 172.5M |
| Operating income | -23.2M | -42.8M | -50.5M | -36.5M | -41.8M | -90.9M | -172.5M |
| Operating margin | — | — | — | — | — | — | — |
| Non-operating income, net | 82K | 322K | -171K | 1.2M | 4.8M | 10.3M | 6.8M |
| Pretax income | -23.1M | -42.5M | -50.6M | -35.4M | -36.9M | -80.6M | -165.7M |
| Income tax | — | — | — | — | — | — | — |
| Net income | -23.1M | -42.5M | -50.6M | -35.4M | -36.9M | -80.6M | -165.7M |
| Net margin | — | — | — | — | — | — | — |
| EBITDA | -23.1M | -42.6M | -50.1M | -36.2M | -41.4M | -90.6M | -172.1M |
| EPS | -2.51 | -3.57 | -2.95 | -1.37 | -0.84 | -1.32 | -2.27 |
| Diluted EPS | -2.51 | -3.57 | -2.95 | -1.37 | -0.84 | -1.32 | -2.27 |
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 | 6.6M | 10.6M | 12.9M | 19.7M | 13.9M | 26.7M | 26.6M | 23.4M | 44.9M | 59.4M | 25M | 28M |
| Selling, general & administrative | 3.8M | 3.5M | 3.8M | 4.9M | 4.3M | 4.6M | 4.6M | 4.4M | 4.6M | 4.6M | 6.1M | 6.4M |
| Operating expenses | 10.3M | 14.2M | 16.7M | 24.6M | 18.3M | 31.3M | 31.2M | 27.8M | 49.5M | 64M | 31.1M | 34.4M |
| Operating income | -10.3M | -14.2M | -16.7M | -24.6M | -18.3M | -31.3M | -31.2M | -27.8M | -49.5M | -64M | -31.1M | -34.4M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | 1.3M | 1.2M | 2.1M | 3M | 2.8M | 2.5M | 1.9M | 1.6M | 1.8M | 1.5M | 1.5M | 1.6M |
| Pretax income | -9.1M | -13M | -14.7M | -21.6M | -15.5M | -28.8M | -29.3M | -26.2M | -47.7M | -62.5M | -29.6M | -32.8M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — |
| Net income | -9.1M | -13M | -14.7M | -21.6M | -15.5M | -28.8M | -29.3M | -26.2M | -47.7M | -62.5M | -29.6M | -32.8M |
| Net margin | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -10.3M | -14.1M | -16.7M | -24.5M | -18.2M | -31.2M | -31.1M | -27.7M | -49.4M | -63.9M | -31.1M | -34.3M |
| EPS | -0.21 | — | -0.27 | -0.34 | -0.24 | -0.45 | -0.46 | -0.41 | -0.61 | -0.73 | -0.31 | -0.3 |
| Diluted EPS | -0.21 | — | -0.27 | -0.34 | -0.24 | -0.45 | -0.46 | -0.41 | -0.61 | -0.73 | -0.31 | -0.3 |
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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Market cap | 122.7M | — | — | — | — | — | — | 329.3M |
| Enterprise value | 121.8M | — | — | — | — | — | — | 169.7M |
| Shares outstanding | 9.2M | 11.9M | 17.2M | 25.8M | 43.9M | 61.3M | 72.9M | 72.9M |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | -1.4 |
| P/B | -176.8 | — | — | — | — | — | — | 2.52 |
| EV/EBITDA | -5.27 | — | — | — | — | — | — | -0.95 |
| Earnings yield | — | — | — | — | — | — | — | -71.4% |
| FCF yield | -18.6% | — | — | — | — | — | — | -28.6% |
| PEG | — | — | — | — | — | — | — | 0.05 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | — | — | 0% |
| Net margin | — | — | — | — | — | — | — | 0% |
| ROE | 3.3K% | -47.4% | -78.6% | -31.9% | -45.2% | -46.9% | -212.2% | -139.6% |
| ROA | -444.8% | -40.6% | -64.4% | -28% | -38.5% | -40.3% | -113.6% | -71% |
| Return on tangible assets | -444.8% | -40.6% | -64.4% | -28% | -38.5% | -40.3% | -113.6% | -104.4% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Current ratio | 0.81 | 10.9 | 8.16 | 11.3 | 9.49 | 8.02 | 2.19 | 4.7 |
| Quick ratio | 0.81 | 10.9 | 8.16 | 11.3 | 9.49 | 8.02 | 2.19 | 4.7 |
| Debt / equity | -0.14 | 0.07 | 0.09 | 0.05 | 0.07 | 0.03 | 0.05 | 0.04 |
| Debt / assets | 0.02 | 0.06 | 0.08 | 0.04 | 0.06 | 0.03 | 0.03 | 0.03 |
| Net debt / EBITDA | 0.04 | 2.02 | 1.28 | 3.12 | 1.96 | 1.97 | 0.77 | 0.85 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (basic) | -2.51 | -3.57 | -2.95 | -1.37 | -0.84 | -1.32 | -2.27 | -2.27 |
| EPS (diluted) | -2.51 | -3.57 | -2.95 | -1.37 | -0.84 | -1.32 | -2.27 | -2.01 |
| Book value per share | -0.08 | 7.55 | 3.75 | 4.31 | 1.86 | 2.8 | 1.07 | 1.22 |
| FCF per share | -2.47 | -3.56 | -2.47 | -1.07 | -0.77 | -1.16 | -1.55 | -1.5 |
| Cash per share | 0.11 | 7.8 | 4.08 | 4.6 | 1.98 | 2.99 | 1.88 | 1.5 |
| Capex per share | 0.01 | 0.01 | 0.02 | 0 | 0 | 0.01 | — | — |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Capex / operating cash flow | -0.41% | -0.14% | -0.72% | -0.35% | -0.56% | -0.73% | — | — |
| Payout ratio | — | — | — | — | — | — | — | 0% |
| — |
| — |
| $0 |
| — |
| FY20 | — | -$3.57 | — | — | $0 | — |
| FY19 | — | -$2.51 | — | — | $0 | — |
| 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 | 0% | 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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 1M | 92.6M | 70.1M | 118.4M | 86.8M | 183.5M | 136.9M |
| Receivables | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — |
| Total current assets | 4.8M | 98M | 72.2M | 120.7M | 90.2M | 195.3M | 142M |
| Property, plant & equipment | 361K | 5M | 4.5M | 3.7M | 3.8M | 3.7M | 2.7M |
| Goodwill & intangibles | — | — | — | — | — | — | — |
| Total assets | 5.2M | 104.7M | 78.7M | 126.4M | 95.9M | 200.2M | 145.8M |
| Accounts payable | 3.5M | 2.6M | 1.7M | 1.7M | 1.3M | 2.4M | 5.2M |
| Short-term debt | 97K | 515K | 594K | 611K | 837K | 1.1M | 1.1M |
| Total current liabilities | 5.9M | 9M | 8.8M | 10.7M | 9.5M | 24.4M | 64.8M |
| Long-term debt | 0 | 6M | 5.4M | 4.8M | 4.7M | 4.1M | 3M |
| Total liabilities | 5.9M | 15M | 14.3M | 15.5M | 14.2M | 28.4M | 67.8M |
| Shareholders' equity | -694K | 89.7M | 64.4M | 110.9M | 81.7M | 171.8M | 78.1M |
| Total debt | 97K | 6.5M | 6M | 5.4M | 5.5M | 5.1M | 4.1M |
| Net debt | -912K | -61.6M | -64.1M | -21.4M | -21.2M | -28.1M | -81.3M |
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 | 95.6M | 24.7M | 227.3M | 226.1M | 203.7M | 26.7M | 157.5M | 138.5M | 175.4M | 136.9M | 200.4M | 156.3M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 98.5M | — | 231M | 231.1M | 213.3M | — | 165.5M | 145.6M | 183.2M | 142M | 205M | 160.7M |
| Property, plant & equipment | 3.5M | — | 3.5M | 4.1M | 3.8M | — | 3.5M | 3.3M | 3M | 2.7M | 2.4M | 3.7M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 104M | — | 248.2M | 237.2M | 219M | — | 170.2M | 150M | 187.3M | 145.8M | 208.5M | 165.3M |
| Accounts payable | 756K | — | 1.9M | 2.9M | 1.7M | — | 2.3M | 4.2M | 11.1M | 5.2M | 8.6M | 7.6M |
| Short-term debt | 708K | — | 825K | 992K | 1M | — | 1.1M | 1.1M | 1.2M | 1.1M | 1.1M | 1.2M |
| Total current liabilities | 6.6M | — | 12.8M | 21.2M | 16.3M | — | 22.1M | 26.6M | 45.1M | 64.8M | 47.8M | 34.2M |
| Long-term debt | 4.7M | — | 4.5M | 4.6M | 4.3M | — | 3.8M | 3.5M | 3.2M | 3M | 2.7M | 3.8M |
| Total liabilities | 11.2M | — | 17.4M | 25.8M | 20.6M | — | 25.9M | 30.1M | 48.3M | 67.8M | 50.5M | 37.9M |
| Shareholders' equity | 92.7M | — | 230.8M | 211.4M | 198.4M | — | 144.3M | 119.9M | 139M | 78.1M | 158M | 127.4M |
| Total debt | 5.4M | — | 5.3M | 5.6M | 5.4M | — | 4.9M | 4.6M | 4.3M | 4.1M | 3.8M | 5M |
| Net debt | -33.3M | — | -104.8M | -26.7M | -29.7M | — | -16.3M | -16M | -85.8M | -81.3M | -174.1M | -87.7M |
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 | -23.1M | -42.5M | -50.6M | -35.4M | -36.9M | -80.6M | -165.7M |
| Depreciation & amortization | 78K | 155K | 326K | 318K | 311K | 318K | 350K |
| Stock-based compensation | 129K | 2.2M | 5.5M | 6.6M | 7.6M | 8.8M | 7M |
| Change in working capital | 2.5M | -3.5M | -1.7M | 57K | -424K | 1.2M | 2.9M |
| Operating cash flow | -20.4M | -43.7M | -46.6M | -28.4M | -29.5M | -70.5M | -113.2M |
| Capital expenditure | -83K | -62K | -333K | -100K | -164K | -515K | — |
| Investing cash flow | -83K | 17.1M | 24.2M | -91M | 33.4M | -85.4M | 100.4M |
| Dividends paid | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — |
| Financing cash flow | 19.4M | 93.6M | 19.9M | 75.3M | 0 | 161.8M | 65.1M |
| Net change in cash | -1.1M | 67M | -2.5M | -44.1M | 3.8M | 5.9M | 52.3M |
| Free cash flow | -22.8M | -42.3M | -42.4M | -27.7M | -33.6M | -71.3M | -113.3M |
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 | -9.1M | -13M | -14.7M | -21.6M | -15.5M | -28.8M | -29.3M | -26.2M | -47.7M | -62.5M | -29.6M | -32.8M |
| Depreciation & amortization | 76K | 81K | 80K | 87K | 74K | 77K | 88K | 87K | 88K | 87K | 64K | 62K |
| Stock-based compensation | 1.8M | 1.9M | 2.1M | 2.3M | 2M | 2.4M | 1.8M | 1.8M | 1.8M | 1.6M | 2M | 2.1M |
| Change in working capital | -1.6M | 502K | 271K | 1.4M | -1.2M | 763K | -136K | 1.9M | 6.9M | -5.8M | 2.9M | -533K |
| Operating cash flow | -8.8M | -10.5M | -12.2M | -17.9M | -14.7M | -25.6M | -27.6M | -19.4M | -28.8M | -38.5M | -44.6M | -44M |
| Capital expenditure | 0 | -164K | — | — | -62K | -179K | -49K | — | — | — | — | — |
| Investing cash flow | -46.4M | -2.6M | -68.4M | -63.2M | 27.3M | 19.2M | 14.4M | 18.9M | 33M | 34M | 29M | -40.8M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 0 | 0 | 162.2M | -345K | 0 | 0 | 0 | 0 | 65.3M | -201K | 108.1M | -435K |
| Net change in cash | -55.2M | -13.1M | 81.6M | -81.5M | 12.6M | -6.4M | -13.1M | -520K | 69.6M | -4.7M | 92.5M | -85.2M |
| Free cash flow | -9.2M | -9.5M | -10.4M | -14.3M | -24.6M | -22M | -26.6M | -19.4M | -28.8M | -38.5M | -44.6M | -44.2M |