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 25 | -$0.65 | -$0.54 | +16.9% | — | — | — |
| Q2 25 | -$0.53 | -$0.55 | -3.8% | — | — | — |
| Q1 25 | -$0.76 | -$0.55 | +27.6% | — | — | — |
| Q4 24 | -$0.75 | -$0.59 | +21.3% | — | — | — |
| Q3 24 | -$0.75 | -$0.61 | +18.7% | — | — | — |
| Q2 24 | -$0.72 | -$0.65 | +9.7% | — | — | — |
| Q1 24 | -$0.85 | -$0.66 | +22.4% | — | — | — |
| Q4 23 | -$0.93 | -$0.65 | +30.1% | — | — | — |
| Q3 23 | -$0.7 | -$0.5 | +28.6% | — | — | — |
| Q2 23 | -$0.81 | -$0.77 | +4.9% | — | — | — |
| Q1 23 | -$1.01 | -$0.76 | +24.8% | — | — | — |
| Q4 22 | -$0.9 | -$7.88 | -775.6% | — | — | — |
| Q3 22 | -$1.45 | -$1.65 | -13.8% | — | — | — |
| Q2 22 | -$1.45 | -$1.05 | +27.6% | — | — | — |
| Q1 22 | -$2.17 | -$1.65 | +24.0% | — | — | — |
| Q4 21 | -$2.25 | -$1.8 | +20.0% | — | — | — |
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 | — | -$1.91 | — | — | $170K | — |
| FY24 | — | -$2.4 | — | — | $1M | — |
| FY23 | — | -$2.58 | — | — | $0 | — |
| FY22 | — | -$10.5 | — | — | $0 |
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 | $0 | $0 | $0 | $0 | $0 | $1M | $170K |
| YoY change | -100% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | +InfinityT% | -83% |
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 | 0 | 0 | 0 | 0 | 0 | 1M | 170K |
| Cost of revenue | 31.1M | — | — | — | — | — | — | — | — | — |
| Gross profit | 4.1M | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — |
| Research & development | 16.7M | 15.8M | 7.6M | 10.8M | 9.3M | 17.6M | 43.5M | 12.7M | 11.3M | 7.9M |
| Selling, general & administrative | 12.8M | 11.8M | 9.4M | 9.3M | 9.9M | 11.5M | 14.1M | 13M | 12.1M | 10.4M |
| Operating expenses | 29.5M | 27.6M | 17M | 20.1M | 19.1M | 29.1M | 57.6M | 25.7M | 23.4M | 18.4M |
| Operating income | -29.5M | -27.6M | -17M | -20.1M | -19.1M | -29.1M | -57.6M | -25.7M | -22.4M | -18.2M |
| Operating margin | — | — | — | — | — | — | — | — | -2.2K% | -10.7K% |
| Non-operating income, net | 23.9K | 273K | 824K | 740K | 132K | 76K | 897K | 2.5M | 1.6M | 661K |
| Pretax income | -31.3M | -27.7M | -16.2M | -19.4M | -19M | -29M | -56.7M | -23.2M | -20.8M | -17.5M |
| Income tax | 0 | -11.5M | 0 | 0 | -10.9M | -1.5M | -2.5M | -2.3M | -798K | -962K |
| Net income | -33.3M | 22.2M | -16.2M | -19.4M | -8.1M | -27.5M | -54.2M | -20.8M | -20M | -16.6M |
| Net margin | — | — | — | — | — | — | — | — | -2K% | -9.8K% |
| EBITDA | -29M | -26.9M | -15.9M | -20M | -19.2M | -29.1M | -58.6M | -28.2M | -24.1M | -18.9M |
| EPS | -74.8 | 38.4 | -25.1 | -28.2 | -7.95 | -7.45 | -10.5 | -2.58 | -2.4 | -1.91 |
| Diluted EPS | -74.8 | 38.4 | -25.1 | -28.2 | -7.95 | -7.45 | -10.5 | -2.58 | -2.4 | -1.91 |
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 | 1M | 0 | 70K | 0 | 100K | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Research & development | 3.4M | 3M | 3.2M | 2.6M | 2.5M | 3M | 2.6M | 2.3M | 2M | 1.1M | 1.2M | 584K |
| Selling, general & administrative | 2.6M | 3M | 3.4M | 2.9M | 2.8M | 3M | 3.2M | 2.7M | 2.5M | 2M | 3.7M | 3.4M |
| Operating expenses | 6M | 6M | 6.6M | 5.5M | 5.3M | 5.9M | 5.8M | 4.9M | 4.4M | 3.2M | 4.9M | 4M |
| Operating income | -6M | -6M | -6.6M | -5.5M | -5.3M | -4.9M | -5.8M | -4.9M | -4.4M | -3.1M | -4.9M | -4M |
| Operating margin | — | — | — | — | — | -494.9% | — | -7K% | — | -3.1K% | — | — |
| Non-operating income, net | 703K | 660K | 402K | 479K | 406K | 339K | 161K | 209K | 165K | 125K | 66K | 1.1M |
| Pretax income | -5.3M | -5.4M | -6.2M | -5M | -4.9M | -4.6M | -5.7M | -4.7M | -4.2M | -3M | -4.9M | -2.9M |
| Income tax | 0 | 0 | -798K | 0 | 0 | 0 | -962K | 0 | 0 | 0 | -387K | 0 |
| Net income | -5.3M | -5.4M | -5.4M | -5M | -4.9M | -4.6M | -4.7M | -4.7M | -4.2M | -3M | -4.5M | -2.9M |
| Net margin | — | — | — | — | — | -461% | — | -6.7K% | — | -3K% | — | — |
| EBITDA | -6.6M | -6.6M | -7.1M | -6M | -5.7M | -5.3M | -6.1M | -5M | -4.6M | -3.2M | -5.1M | -4.1M |
| EPS | -0.65 | — | -0.65 | -0.61 | -0.59 | — | -0.55 | -0.54 | -0.49 | — | -0.5 | -0.32 |
| Diluted EPS | -0.65 | — | -0.65 | -0.61 | -0.59 | — | -0.55 | -0.54 | -0.49 | — | -0.5 | -0.32 |
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 | — | — | 34.5M | 25.9M | — | — | — | — | 24.8M | 16.2M | 16.2M |
| Enterprise value | — | — | -8.6M | 1.7M | — | — | — | — | -6.3M | 201.8K | 3.5M |
| Shares outstanding | 436.6K | 597.9K | 645.9K | 688.3K | 1M | 3.7M | 5.2M | 8.1M | 8.3M | 8.7M | 8.7M |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | — | — | — | -0.79 |
| P/S | — | — | — | — | — | — | — | — | 24.8 | 95 | 170.7 |
| P/B | — | — | 0.92 | 1.26 | — | — | — | — | 0.85 | 1.11 | 1.75 |
| EV/EBITDA | — | — | 0.54 | -0.09 | — | — | — | — | 0.26 | -0.01 | -0.22 |
| EV/Sales | — | — | — | — | — | — | — | — | -6.29 | 1.19 | 35.4 |
| Earnings yield | — | — | — | — | — | — | — | — | — | — | -127.2% |
| FCF yield | — | — | -58.3% | -72.9% | — | — | — | — | -78% | -98.9% | -50% |
| PEG | — | — | — | — | — | — | — | — | — | — | 0.02 |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | — | — | — | -2.2K% | -10.7K% | -16.4K% |
| Net margin | — | — | — | — | — | — | — | — | -2K% | -9.8K% | 0% |
| ROE | -819.1% | 44.3% | -43.2% | -94.2% | -25.2% | -29.9% | -81.8% | -43.5% | -68.2% | -113.6% | -101.7% |
| ROA | -62.2% | 35.1% | -36.3% | -71.3% | -22.6% | -28.3% | -74.2% | -38.1% | -57.1% | -93.5% | -56.7% |
| ROIC | -584.7% | 583.1% | 303.4% | 554.1% | 1.1K% | 1.3K% | 2.4K% | 1K% | 1.3K% | 1.3K% | 669.7% |
| Return on tangible assets | -95.5% | 35.1% | -36.3% | -71.3% | -22.6% | -28.3% | -74.9% | -38.5% | -57.7% | -93.5% | -132.6% |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 1.16 | 6.59 | 7.85 | 4.35 | 10.1 | 21.3 | 11.3 | 8.18 | 6.16 | 5.76 | 3.69 |
| Quick ratio | 1.16 | 6.59 | 7.85 | 4.35 | 10.1 | 21.3 | 11.3 | 8.18 | 6.16 | 5.76 | 3.69 |
| Debt / equity | 1.98 | 0 | — | 0.05 | 0.02 | 0.01 | 0.01 | 0 | 0 | — | 0 |
| Debt / assets | 0.15 | 0 | — | 0.04 | 0.02 | 0.01 | 0.01 | 0 | 0 | — | — |
| Net debt / EBITDA | -0.03 | 2.04 | — | 1.21 | 1.77 | 3.23 | 1.17 | 1.78 | 1.29 | — | 0.64 |
| Interest coverage | -16.6 | -72.3 | -3.2K | — | — | — | — | — | — | — | — |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.12 | 0.02 | 0.01 |
| EPS (basic) | -74.8 | 38.4 | -25.1 | -28.2 | -7.95 | -7.45 | -10.5 | -2.58 | -2.4 | -1.91 | -1.91 |
| EPS (diluted) | -74.8 | 38.4 | -25.1 | -28.2 | -7.95 | -7.45 | -10.5 | -2.58 | -2.4 | -1.91 | -1.64 |
| Book value per share | 9.32 | 83.9 | 58 | 29.9 | 31.3 | 24.9 | 12.8 | 5.93 | 3.52 | 1.68 | 0.9 |
| FCF per share | -56.7 | -35.1 | -31.1 | -27.4 | -8.59 | -6.05 | -4.14 | -2.48 | -2.32 | -1.84 | -1.35 |
| Cash per share | 16.2 | 92.1 | 66.7 | 36.5 | 33.6 | 25.8 | 13.4 | 6.26 | 3.75 | 1.84 | 1.16 |
| Capex per share | 2.52 | 0.23 | 3.74 | 0 | 0.02 | 0.02 | 0.06 | 0 | — | — | — |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Capex / operating cash flow | -3.89% | -0.67% | -12.8% | 0% | -0.34% | -0.23% | -1.36% | 0% | — | — | — |
| Payout ratio | — | — | — | — | — | — | — | — | — | — | 0% |
| — |
| FY21 | — | -$7.45 | — | — | $0 | — |
| FY20 | — | -$7.95 | — | — | $0 | — |
| FY19 | — | -$28.2 | — | — | $0 | — |
| FY18 | — | -$25.1 | — | — | $0 | — |
| FY17 | — | $38.4 | — | — | $0 | — |
| FY16 | — | -$74.8 | — | — | $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 | $1M | $0 | $70K | $0 | $100K | $0 | $0 |
| YoY change | 0% | 0% | 0% | 0% | 0% | +InfinityT% | 0% | +InfinityT% | 0% | -90% | 0% | -100% |
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 | 7.1M | 55.1M | 43.1M | 25.2M | 34.6M | 95M | 69.2M | 50.5M | 31.2M | 16M |
| Receivables | 138.8K | 234.5K | — | — | — | — | — | — | 900K | 0 |
| Inventory | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 24.6M | 61.4M | 44.1M | 26M | 35.3M | 96.2M | 71.9M | 53.9M | 34.6M | 17.7M |
| Property, plant & equipment | 705.4K | 257K | 165K | 100K | 57K | 62K | 296K | 175K | 72K | 18K |
| Goodwill & intangibles | 18.6M | — | — | — | — | 0 | 668K | 526K | 384K | 0 |
| Total assets | 53.5M | 63.4M | 44.6M | 27.2M | 36M | 97M | 73M | 54.7M | 35M | 17.7M |
| Accounts payable | 2.2M | 1.3M | 762K | 1.5M | 1M | 1.9M | 2.7M | 2.4M | 1.3M | 1M |
| Short-term debt | 5.4M | 159K | — | 354K | 370K | 229K | 180K | 168K | 137K | — |
| Total current liabilities | 21.2M | 9.3M | 5.6M | 6M | 3.5M | 4.5M | 6.4M | 6.6M | 5.6M | 3.1M |
| Long-term debt | 2.7M | — | — | 624K | 254K | 485K | 305K | — | — | — |
| Total liabilities | 49.4M | 13.2M | 7.1M | 6.6M | 3.8M | 5M | 6.7M | 6.8M | 5.7M | 3.1M |
| Shareholders' equity | 4.1M | 50.2M | 37.5M | 20.6M | 32.2M | 92M | 66.3M | 47.9M | 29.3M | 14.6M |
| Total debt | 8.1M | 159K | — | 978K | 624K | 714K | 485K | 168K | 137K | — |
| Net debt | 979.3K | -29M | — | -13.1M | -15.9M | -23.9M | -31.7M | -22.4M | -16.1M | — |
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 | 54.4M | 50.5M | 43.3M | 38.3M | 35.9M | 31.2M | 25.8M | 22M | 19M | 16M | 13.1M | 10.4M |
| Receivables | — | — | — | — | — | 900K | 750K | 501K | 502K | 0 | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 57.2M | 53.9M | 47.6M | 42M | 37.7M | 34.6M | 28.6M | 24.9M | 21.6M | 17.7M | 14M | 11M |
| Property, plant & equipment | 204K | 175K | 146K | 119K | 96K | 72K | 74K | 48K | 22K | 18K | 16K | 14K |
| Goodwill & intangibles | 562K | 526K | 490K | 456K | 420K | 384K | 348K | 314K | 278K | 0 | — | — |
| Total assets | 58.1M | 54.7M | 48.2M | 42.6M | 38.2M | 35M | 29M | 25.2M | 21.8M | 17.7M | 14.1M | 11M |
| Accounts payable | 1.3M | 2.4M | 1.3M | 728K | 556K | 1.3M | 602K | 782K | 619K | 1M | 510K | 836K |
| Short-term debt | 164K | 168K | 172K | 176K | 181K | 137K | 92K | 47K | — | — | — | — |
| Total current liabilities | 5.1M | 6.6M | 5.3M | 4.5M | 4.7M | 5.6M | 3.8M | 4.3M | 4.6M | 3.1M | 3.3M | 3M |
| Long-term debt | — | — | — | — | — | — | — | — | — | — | — | — |
| Total liabilities | 5.4M | 6.8M | 5.5M | 4.6M | 4.8M | 5.7M | 3.9M | 4.4M | 4.6M | 3.1M | 3.4M | 3M |
| Shareholders' equity | 52.7M | 47.9M | 42.7M | 38M | 33.4M | 29.3M | 25.1M | 20.8M | 17.1M | 14.6M | 10.7M | 8M |
| Total debt | 164K | 168K | 172K | 176K | 181K | 137K | 92K | 47K | — | — | — | — |
| Net debt | -32.3M | -22.4M | -21.6M | -28.1M | -19.3M | -16.1M | -20.1M | -16.8M | — | — | — | — |
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 | -31.3M | -16.2M | -16.2M | -19.4M | -8.1M | -27.5M | -54.2M | -20.8M | -20M | -16.6M |
| Depreciation & amortization | 450.3K | 372K | 225K | 65K | 63K | 55K | 69K | 189K | 174K | 146K |
| Stock-based compensation | 1.8M | 2M | 2.5M | 1.3M | 1.3M | 2M | 2.6M | 2M | 1.7M | 1.2M |
| Change in working capital | 644.8K | 5.9M | -5.3M | 1M | 932K | -150K | 237K | 274K | -1.7M | -2M |
| Operating cash flow | -28.3M | -20.1M | -18.8M | -17M | -5.9M | -25.6M | -20.9M | -18.3M | -19.9M | -15.9M |
| Capital expenditure | -1.1M | -135K | 2.4M | 0 | -20K | -60K | -285K | 0 | — | — |
| Investing cash flow | -1.1M | 41.5M | -4.7M | 21.4M | -7.3M | -54.9M | 28.9M | 10.1M | 13.2M | 15.1M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 16.9M | -871K | 469K | 1.2M | 18.6M | 85.3M | -224K | 230K | -206K | 591K |
| Net change in cash | -12.4M | 20.5M | -23M | 5.6M | 5.4M | 4.8M | 7.8M | -8M | -6.9M | -244K |
| Free cash flow | -24.8M | -21M | -20.1M | -18.9M | -8.8M | -22.3M | -21.5M | -20M | -19.4M | -16M |
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 | -5.3M | -5.4M | -5.4M | -5M | -4.9M | -4.6M | -4.7M | -4.7M | -4.2M | -3M | -4.5M | -2.9M |
| Depreciation & amortization | 47K | 47K | 46K | 45K | 42K | 41K | 43K | 44K | 44K | 15K | 2K | 3K |
| Stock-based compensation | 307K | 473K | 454K | 237K | 327K | 635K | 530K | 239K | 232K | 225K | 364K | 214K |
| Change in working capital | 760K | 144K | -1.2M | -908K | 180K | 1.1M | -1.6M | 782K | 301K | -1.5M | 233K | -333K |
| Operating cash flow | -4.1M | -4.7M | -6.1M | -5.7M | -4.4M | -2.8M | -5.8M | -4M | -3.3M | -3.2M | -3.1M | -2.6M |
| Capital expenditure | 0 | 0 | — | — | — | — | -28K | — | — | — | — | — |
| Investing cash flow | 12.3M | -5.7M | 6.4M | 11.7M | -6.3M | 1.4M | 9.4M | 505K | 5.2M | 0 | 0 | 0 |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | -6K | 24K | -142K | 32K | 0 | -96K | -31K | 64K | 353K | 205K | -159K | 29K |
| Net change in cash | 8.1M | -10.4M | 191K | 6.1M | -10.7M | -1.5M | 3.6M | -3.4M | 2.2M | -3M | -3.2M | -2.6M |
| Free cash flow | -3.6M | -4.1M | -7M | -5.3M | -2.5M | -4.5M | -5.4M | -4M | -3.3M | -3.2M | -3.1M | -2.6M |