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 22 | — | -$0.18 | — | — | $0 | — |
| Q2 22 | — | -$0.14 | — | — | $0 | — |
| Q1 22 | — | -$0.2 | — | — | $0 | — |
| Q4 21 | — | -$0.79 | — | — | $0 | — |
| Q3 21 | — | -$0.31 | — | — | $0 | — |
| Q2 21 | — | -$0.27 | — | — | $0 | — |
| Q1 21 | — | -$0.33 | — | — | $0 | — |
| Q4 20 | — | -$1.37 | — | — | $0 | — |
| Q3 20 | — | -$0.8 | — | — | $0 | — |
| Q2 20 | — | -$0.66 | — | — | $0 | — |
| Q1 20 | — | -$0.74 | — | — | $0 | — |
| Q4 19 | — | -$0.56 | — | — | $0 | — |
| Q3 19 | — | -$0.81 | — | — | $0 | — |
| Q2 19 | — | -$1.08 | — | — | $0 | — |
| Q1 19 | — | -$1.08 | — | — | $0 | — |
| Q4 18 | — | -$0.96 | — | — | $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 | — | -$0.8 | — | — | $0 | — |
| FY24 | — | -$0.81 | — | — | $0 | — |
| FY23 | — | -$0.65 | — | — | $0 | — |
| FY22 | — | -$0.69 | — | — | $0 | — |
| FY21 |
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 | $760.6K | $175.4K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| YoY change | -16.5% | -76.9% | -100% | 0% | 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.
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 | 760.6K | 175.4K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | 456.6K | 107.1K | 0 | — | — | — | — | — | — | — |
| Gross profit | 304K | 68.4K | 0 | — | — | — | — | — | — | — |
| Gross margin | 40% | 39% | — | — | — | — | — | — | — | — |
| Research & development | 2.7M | 2.3M | 3.5M | 2.7M | 818.9K | 838.6K | 297.2K | 1.9M | 4.6M | 9.2M |
| Selling, general & administrative | 5.2M | 4.4M | 6.7M | 5.8M | 8.3M | 7.2M | 7.5M | 7.1M | 8.5M | 14M |
| Operating expenses | 7.9M | 6.7M | 9.1M | 7.7M | 9.1M | 7.5M | 7.4M | 9M | 13.1M | 23.2M |
| Operating income | -7.6M | -6.6M | -9.1M | -7.7M | -9.1M | -8M | -7.8M | -9M | -13.1M | -23.2M |
| Operating margin | -1K% | -3.8K% | — | — | — | — | — | — | — | — |
| Non-operating income, net | 1.5M | — | -5.8M | -3.3M | -5.4M | 153.3K | — | — | — | — |
| Pretax income | -6.3M | -7.1M | -15.7M | -10.7M | -14.4M | -7.8M | -7.5M | -7.9M | -11.8M | -19.6M |
| Income tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income | -6.3M | -7.1M | -15.7M | -10.7M | -14.4M | -7.8M | -7.5M | -7.9M | -11.8M | -19.6M |
| Net margin | -834.3% | -4K% | — | — | — | — | — | — | — | — |
| EBITDA | -7.8M | -7.1M | -14.7M | -7.7M | -3.7M | -8M | -7.8M | -9M | -13.1M | -23.2M |
| EPS | -17.8 | -8.52 | -8.52 | -3.66 | -3.59 | -1.71 | -0.69 | -0.65 | -0.81 | -0.8 |
| Diluted EPS | -17.8 | -8.52 | -8.52 | -3.66 | -3.59 | -1.71 | -0.69 | -0.65 | -0.81 | -0.8 |
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 | 552.8K | 555.2K | 1M | 909.6K | 1.3M | 1.4M | 1.7M | 1.6M | 2M | 3.9M | 3.3M | 3.9M |
| Selling, general & administrative | 1.6M | 2.1M | 2.2M | 1.8M | 1.7M | 2.8M | 3.5M | 2.5M | 3.2M | 4.9M | 4.3M | 3.7M |
| Operating expenses | 2.2M | 2.6M | 3.2M | 2.7M | 3M | 4.2M | 5.1M | 4.1M | 5.2M | 8.7M | 7.7M | 7.6M |
| Operating income | -2.2M | -2.6M | -3.2M | -2.7M | -3M | -4.2M | -5.1M | -4.1M | -5.2M | -8.7M | -7.7M | -7.6M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | — | — | — | — | — | — | — | — | — | — | — | — |
| Pretax income | -1.8M | -2.4M | -2.8M | -2.4M | -2.7M | -3.9M | -4.8M | -3.5M | -4.1M | -7.2M | -6.3M | -5.8M |
| Income tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income | -1.8M | -2.4M | -2.8M | -2.4M | -2.7M | -3.9M | -4.8M | -3.5M | -4.1M | -7.2M | -6.3M | -5.8M |
| Net margin | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -2.2M | -2.6M | -3.2M | -2.7M | -3M | -4.2M | -5.1M | -4.1M | -5.2M | -8.7M | -7.7M | -7.6M |
| EPS | -0.15 | — | -0.21 | -0.17 | -0.19 | — | -0.24 | -0.16 | -0.16 | — | -0.2 | -0.18 |
| Diluted EPS | -0.15 | — | -0.21 | -0.17 | -0.19 | — | -0.24 | -0.16 | -0.16 | — | -0.2 | -0.18 |
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 | — | — | — | — | — | — | — | — | — | — | 228.3M |
| Enterprise value | — | — | — | — | — | — | — | — | — | — | 3.9M |
| Shares outstanding | 394.1K | 868.7K | 2.2M | 3.1M | 4.2M | 7M | 10.8M | 12.1M | 14.5M | 24.5M | 24.5M |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | — | — | — | -8.11 |
| P/B | — | — | — | — | — | — | — | — | — | — | 0.96 |
| EV/EBITDA | — | — | — | — | — | — | — | — | — | — | -0.17 |
| Earnings yield | — | — | — | — | — | — | — | — | — | — | -12.3% |
| FCF yield | — | — | — | — | — | — | — | — | — | — | -4.54% |
| PEG | — | — | — | — | — | — | — | — | — | — | -0.65 |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin | 40% | 39% | — | — | — | — | — | — | — | — | — |
| Operating margin | -1K% | -3.8K% | — | — | — | — | — | — | — | — | 0% |
| Net margin | -834.3% | -4K% | — | — | — | — | — | — | — | — | 0% |
| ROE | -114.2% | -122.6% | -60.6% | -55.6% | -83.8% | -31.6% | -25.7% | -27.4% | -29.1% | -9.65% | -13.9% |
| ROA | -93.3% | -102.3% | -59.5% | -54.6% | -66.2% | -31.4% | -25.4% | -26.9% | -28.8% | -9.61% | -10.8% |
| ROIC | -387% | -515.7% | -740.6% | -623.9% | 211.2% | -18.4K% | -3.6K% | -2.9K% | -2.4K% | -2.1K% | -2.6K% |
| Return on tangible assets | -141.6% | -168.7% | -67.6% | -61.9% | -66.7% | -31.6% | -25.6% | -27.1% | -28.9% | -9.62% | -9.73% |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 3.83 | 4.42 | 52 | 52.5 | 4.74 | 144.9 | 82.8 | 59.2 | 95 | 239 | 116.6 |
| Quick ratio | 3.83 | 4.42 | 52 | 52.5 | 4.74 | 144.9 | 82.8 | 59.2 | 95 | 239 | 116.6 |
| Debt / equity | — | — | — | — | — | — | — | — | — | — | 0 |
| Interest coverage | -214.5 | -440.4 | -15 | — | — | — | — | — | — | — | — |
| 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 | 1.93 | 0.2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (basic) | -17.8 | -8.52 | -8.52 | -3.66 | -3.59 | -1.71 | -0.69 | -0.65 | -0.81 | -0.8 | -0.8 |
| EPS (diluted) | -17.8 | -8.52 | -8.52 | -3.66 | -3.59 | -1.71 | -0.69 | -0.65 | -0.81 | -0.8 | -0.78 |
| Book value per share | 14.1 | 6.67 | 11.7 | 6.18 | 4.08 | 3.52 | 2.69 | 2.39 | 2.8 | 8.28 | 6.78 |
| FCF per share | -15.7 | -6 | -3.44 | -2.22 | -2.08 | -1.57 | -0.62 | -0.54 | -0.66 | -0.58 | -0.53 |
| Cash per share | 9.1 | 5.2 | 11.1 | 5.78 | 5.11 | 3.52 | 2.67 | 2.36 | 2.76 | 8.23 | 6.74 |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Payout ratio | — | — | — | — | — | — | — | — | — | — | 0% |
| — |
| -$1.71 |
| — |
| — |
| $0 |
| — |
| FY20 | — | -$3.59 | — | — | $0 | — |
| FY19 | — | -$3.66 | — | — | $0 | — |
| FY18 | — | -$8.52 | — | — | $0 | — |
| FY17 | — | -$8.52 | — | — | $175.4K | — |
| FY16 | — | -$17.8 | — | — | $760.6K | — |
| 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 |
| 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 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 3.6M | 4.5M | 24.6M | 18M | 21.5M | 24.7M | 28.9M | 28.6M | 40M | 201.9M |
| Receivables | 388.4K | 10.4K | 0 | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 4.7M | 5.1M | 24.8M | 18.4M | 21.7M | 24.9M | 29M | 28.8M | 40.3M | 202.6M |
| Property, plant & equipment | — | — | — | — | — | — | — | — | — | — |
| Goodwill & intangibles | 2.3M | 2.7M | 3.2M | 2.3M | 171.1K | 203.2K | 216.4K | 217.7K | 217.7K | 238.8K |
| Total assets | 6.8M | 6.9M | 26.3M | 19.6M | 21.8M | 25M | 29.5M | 29.4M | 41M | 203.8M |
| Accounts payable | 1.2M | 1.2M | 258.1K | 350.3K | 200K | 100K | 200K | 100K | 200K | 600K |
| Short-term debt | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | 1.2M | 1.2M | 476.3K | 350.3K | 4.6M | 171.5K | 350.3K | 486.3K | 424.6K | 847.5K |
| Long-term debt | — | — | — | — | — | — | — | — | — | — |
| Total liabilities | 1.2M | 1.2M | 476.3K | 350.3K | 4.6M | 171.5K | 350.3K | 486.3K | 424.6K | 847.5K |
| Shareholders' equity | 5.6M | 5.8M | 25.9M | 19.2M | 17.2M | 24.8M | 29.1M | 28.9M | 40.5M | 203M |
| Total debt | — | — | — | — | — | — | — | — | — | — |
| Net debt | — | — | — | — | — | — | — | — | — | — |
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 | 29.2M | 28.6M | 27.9M | 27.1M | 26.6M | 40M | 56.9M | 97.9M | 153.3M | 201.9M | 215.7M | 237.5M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 29.5M | 28.8M | 28.3M | 27.4M | 27M | 40.3M | 57.5M | 98.4M | 154.6M | 202.6M | 217.1M | 238.5M |
| Property, plant & equipment | — | — | — | — | — | — | — | — | — | — | — | 100K |
| Goodwill & intangibles | 217.7K | 217.7K | 217.7K | 217.7K | 217.7K | 217.7K | 217.7K | 230K | 230K | 238.8K | 254K | 254.4K |
| Total assets | 30.1M | 29.4M | 28.9M | 28M | 27.6M | 41M | 58.3M | 99M | 155.1M | 203.8M | 218.9M | 240.6M |
| Accounts payable | 100K | 100K | 200K | 200K | 100K | 200K | 300K | 400K | 500K | 600K | 500K | 600K |
| Short-term debt | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | 875.6K | 486.3K | 907.4K | 932.8K | 1.2M | 424.6K | 966.2K | 1.2M | 1.6M | 847.5K | 1.3M | 2M |
| Long-term debt | — | — | — | — | — | — | — | — | — | — | — | — |
| Total liabilities | 875.6K | 486.3K | 907.4K | 932.8K | 1.2M | 424.6K | 966.2K | 1.2M | 1.6M | 847.5K | 1.3M | 2M |
| Shareholders' equity | 29.2M | 28.9M | 28M | 27M | 26.5M | 40.5M | 57.3M | 97.8M | 153.5M | 203M | 217.6M | 238.6M |
| Total debt | — | — | — | — | — | — | — | — | — | — | — | — |
| Net debt | — | — | — | — | — | — | — | — | — | — | — | — |
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 | -6.3M | -7.1M | -15.7M | -10.7M | -14.4M | -7.8M | -7.5M | -7.9M | -11.8M | -19.6M |
| Depreciation & amortization | — | — | — | 89.6K | 100.1K | 0 | — | — | — | — |
| Stock-based compensation | 2M | 1.2M | 2.4M | 822.8K | 53.3K | 826.5K | 842.7K | 1.3M | 2M | 5.8M |
| Change in working capital | -512.1K | 192.4K | -82.9K | -214.5K | 431.8K | -140.9K | 193.8K | — | 193.3K | 422.9K |
| Operating cash flow | -4.5M | -5.2M | -12.4M | -10M | -13.8M | -6.9M | -6.4M | -6.6M | -9.4M | -14.3M |
| Capital expenditure | — | — | — | — | — | — | — | — | — | — |
| Investing cash flow | — | 0 | -5.6M | -3.5M | 0 | — | — | — | — | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 9.1M | 6.1M | 33.4M | 3.8M | 12.3M | 14M | 10.9M | 6.2M | 20.8M | 173.8M |
| Net change in cash | 4.7M | 966.9K | 15.4M | -9.8M | -1.5M | 7.1M | 4.5M | -422.1K | 11.4M | 159.5M |
| Free cash flow | -6.2M | -5.2M | -7.6M | -6.9M | -8.8M | -11.1M | -6.8M | -6.5M | -9.5M | -14.3M |
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 | -1.8M | -2.4M | -2.8M | -2.4M | -2.7M | -3.9M | -4.8M | -3.5M | -4.1M | -7.2M | -6.3M | -5.8M |
| Depreciation & amortization | — | — | — | — | — | — | — | — | — | — | — | — |
| Stock-based compensation | 300.7K | 355.8K | 456.9K | 384.2K | 373.5K | 808.6K | 1.4M | 750.9K | 1.6M | 2M | 2.5M | 1.4M |
| Change in working capital | — | — | 676.1K | — | — | — | — | — | — | -712.6K | — | — |
| Operating cash flow | -1.5M | -2M | -1.7M | -2M | -2.2M | -3.1M | -3.4M | -2.3M | -2.5M | -6.2M | -4.8M | -3.5M |
| Capital expenditure | — | — | — | — | — | — | — | — | — | — | — | — |
| Investing cash flow | — | — | — | — | — | — | — | — | — | — | — | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 2.2M | 1.9M | 1.2M | — | 1.5M | 17.7M | 20M | 42.9M | 57.3M | 53.6M | 18.6M | 25.3M |
| Net change in cash | 643K | -75.2K | -464.6K | -2M | -745.7K | 14.6M | 16.6M | 40.6M | 54.8M | 47.4M | 13.8M | 21.8M |
| Free cash flow | -1.1M | -2.3M | -1.9M | -1.8M | -1.9M | -3.8M | -3.3M | -2.3M | -2.5M | -6.2M | -4.8M | -3.5M |