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 | -$0.28 | +26.3% | — | $0 | — |
| Q1 26 | -$0.36 | -$0.3 | +16.7% | — | $0 | — |
| Q4 25 | -$0.46 | -$0.36 | +21.7% | — | $0 | — |
| Q3 25 | -$0.47 | -$0.39 | +17.0% | — | $0 | — |
| Q2 25 | -$0.48 | -$0.4 | +16.7% | — | $0 | — |
| Q1 25 | -$0.49 | -$0.42 | +14.3% | — | $0 | — |
| Q4 24 | -$0.51 | -$0.54 | -5.9% | — | $0 | — |
| Q3 24 | -$0.56 | -$0.42 | +25.0% | — | $0 | — |
| Q2 24 | -$0.55 | -$0.46 | +16.4% | — | $0 | — |
| Q1 24 | -$0.43 | -$0.51 | -18.6% | — | $0 | — |
| Q4 23 | -$0.32 | -$0.38 | -18.8% | — | $0 | — |
| Q3 23 | -$0.45 | -$0.29 | +35.6% | — | $0 | — |
| Q2 23 | -$0.43 | -$0.44 | -2.3% | — | $0 | — |
| Q1 23 | -$0.48 | -$0.36 | +25.0% | — | $0 | — |
| Q4 22 | -$0.47 | -$0.31 | +34.0% | — | $0 | — |
| Q3 22 | -$0.48 | -$0.21 | +56.3% | — | $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 | — | -$1.57 | — | — | $0 | — |
| FY24 | — | -$1.93 | — | — | $0 | — |
| FY23 | — | -$1.47 | — | — | $0 | — |
| FY22 | — | -$1.31 | — | — | $0 | — |
| 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 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| YoY change | — | 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.
| Period | Q3 23 |
|---|
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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — |
| Research & development | 572.1K | 953.2K | 2.2M | 7.6M | 8.6M | 11.9M | 16.1M | 11.5M |
| Selling, general & administrative | 1.2M | 1.5M | 3.7M | 5M | 5.8M | 6M | 6.1M | 6.5M |
| Operating expenses | 1.7M | 2.4M | 5.9M | 12.6M | 14.4M | 17.9M | 22.2M | 18M |
| Operating income | -1.7M | -2.4M | -5.9M | -12.6M | -14.4M | -17.9M | -22.2M | -18M |
| Operating margin | — | — | — | — | — | — | — | — |
| Non-operating income, net | — | — | — | 160.6K | -31.5K | 1.2M | 692.9K | 421.1K |
| Pretax income | -1.7M | -2.4M | -5.9M | -12.4M | -14.3M | -16M | -20.8M | -17.1M |
| Income tax | — | — | — | — | — | — | — | — |
| Net income | -1.7M | -2.4M | -5.9M | -12.4M | -14.3M | -16M | -20.8M | -17.1M |
| Net margin | — | — | — | — | — | — | — | — |
| EBITDA | -1.7M | -2.4M | -5.9M | -12.6M | -14.4M | -17.9M | -22.2M | -18M |
| EPS | -0.28 | -0.39 | -1.37 | -1.13 | -1.31 | -1.47 | -1.93 | -1.57 |
| Diluted EPS | -0.28 | -0.39 | -1.37 | -1.13 | -1.31 | -1.47 | -1.93 | -1.57 |
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 | 2.2M | 3.6M | 4.3M | 3.9M | 3.7M | 4.3M | 3.3M | 3.1M | 2.4M | 2.7M | 1.7M | 1.8M |
| Selling, general & administrative | 1.3M | 1.3M | 1.5M | 1.5M | 1.5M | 1.6M | 1.5M | 1.6M | 1.9M | 1.5M | 1.7M | 1.7M |
| Operating expenses | 3.5M | 4.9M | 5.7M | 5.4M | 5.2M | 5.9M | 4.8M | 4.7M | 4.3M | 4.2M | 3.4M | 3.5M |
| Operating income | -3.5M | -4.9M | -5.7M | -5.4M | -5.2M | -5.9M | -4.8M | -4.7M | -4.3M | -4.2M | -3.4M | -3.5M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | 115.8K | 424.1K | 90.2K | 260.3K | 482.5K | -140.2K | 87.5K | 206.1K | 71.5K | 56.1K | 33.9K | -3.6M |
| Pretax income | -3.2M | -4.2M | -5.4M | -5M | -4.5M | -5.9M | -4.5M | -4.3M | -4.2M | -4.1M | -3.3M | -7.1M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — |
| Net income | -3.2M | -4.2M | -5.4M | -5M | -4.5M | -5.9M | -4.5M | -4.3M | -4.2M | -4.1M | -3.3M | -7.1M |
| Net margin | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -3.5M | -4.9M | -5.7M | -5.4M | -5.2M | -5.9M | -4.8M | -4.6M | -4.3M | -4.2M | -3.4M | -1.4M |
| EPS | -0.29 | — | -0.51 | -0.46 | -0.42 | — | -0.42 | -0.4 | -0.39 | — | -0.3 | -0.57 |
| Diluted EPS | -0.29 | — | -0.51 | -0.46 | -0.42 | — | -0.42 | -0.4 | -0.39 | — | -0.3 | -0.57 |
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 | — | — | — | — | — | — | — | — | 13.9M |
| Enterprise value | — | — | — | — | — | — | — | — | 8.3M |
| Shares outstanding | 6.2M | 6.2M | 4.3M | 10.9M | 10.9M | 10.8M | 10.8M | 10.9M | 10.9M |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | — | -0.69 |
| P/B | — | — | — | — | — | — | — | — | -4.21 |
| EV/EBITDA | — | — | — | — | — | — | — | — | -0.54 |
| Earnings yield | — | — | — | — | — | — | — | — | -144% |
| FCF yield | — | — | — | — | — | — | — | — | -59.1% |
| PEG | — | — | — | — | — | — | — | — | -0.02 |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | — | — | — | 0% |
| Net margin | — | — | — | — | — | — | — | — | 0% |
| ROE | 855.5% | -257.4% | -30% | -17.3% | -25.4% | -39% | -98.1% | -262% | -400.9% |
| ROA | -383.8% | -169.5% | -29% | -16.7% | -24.2% | -36.6% | -81.3% | -155.1% | -74.3% |
| Return on tangible assets | -383.8% | -169.5% | -29% | -16.7% | -24.2% | -36.6% | -81.3% | -155.1% | -216.8% |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 0.68 | 2.52 | 36.6 | 31.3 | 21 | 16.2 | 5.83 | 2.4 | 1.96 |
| Quick ratio | 0.68 | 2.52 | 36.6 | 31.3 | 21 | 16.2 | 5.83 | 2.4 | 1.96 |
| Debt / equity | — | — | 0.01 | 0 | 0 | 0.01 | 0.01 | 0.01 | -0 |
| Debt / assets | — | — | 0.01 | 0 | 0 | 0.01 | 0.01 | 0.01 | 0 |
| Net debt / EBITDA | — | — | 3.24 | 5.6 | 3.82 | 2.3 | 1.07 | 0.56 | 0.55 |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (basic) | -0.28 | -0.39 | -1.37 | -1.13 | -1.31 | -1.47 | -1.93 | -1.57 | -1.57 |
| EPS (diluted) | -0.28 | -0.39 | -1.37 | -1.13 | -1.31 | -1.47 | -1.93 | -1.57 | -1.63 |
| Book value per share | -0.03 | 0.15 | 4.58 | 6.56 | 5.16 | 3.77 | 1.97 | 0.6 | -0.25 |
| FCF per share | -0.2 | -0.34 | -1.32 | -0.97 | -1.18 | -1.32 | -1.66 | -1.44 | -1.13 |
| Cash per share | 0.07 | 0.2 | 4.47 | 6.49 | 5.09 | 3.81 | 2.23 | 0.93 | 0.58 |
| Capex per share | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — | — |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Capex / operating cash flow | -0.39% | -0.23% | -0.34% | -0.14% | -0.21% | -0.13% | -0.06% | — | — |
| Payout ratio | — | — | — | — | — | — | — | — | 0% |
| -$1.13 |
| — |
| — |
| $0 |
| — |
| FY20 | — | -$1.37 | — | — | $0 | — |
| FY19 | — | -$0.39 | — | — | $0 | — |
| FY18 | — | -$0.28 | — | — | $0 | — |
| 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 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 445.2K | 1.2M | 19.2M | 70.7M | 55.2M | 41.3M | 24M | 10.1M |
| Receivables | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — |
| Total current assets | 445.2K | 1.2M | 20.2M | 72.7M | 58.7M | 43.3M | 25.2M | 10.8M |
| Property, plant & equipment | 4.7K | 8.8K | 21.5K | 216.2K | 95.7K | 280.4K | 287.4K | 107.5K |
| Goodwill & intangibles | — | — | — | — | — | — | — | — |
| Total assets | 449.8K | 1.4M | 20.4M | 74M | 58.8M | 43.6M | 25.6M | 11M |
| Accounts payable | — | — | — | — | — | — | — | — |
| Short-term debt | — | — | — | 152.1K | 52.9K | 173K | 190.8K | 78.5K |
| Total current liabilities | 651.6K | 489.3K | 552.3K | 2.3M | 2.8M | 2.7M | 4.3M | 4.5M |
| Long-term debt | — | — | 108.5K | 52.9K | 0 | 61.5K | 52.8K | 0 |
| Total liabilities | 651.6K | 489.3K | 660.8K | 2.4M | 2.8M | 2.7M | 4.4M | 4.5M |
| Shareholders' equity | -201.8K | 943.3K | 19.7M | 71.6M | 56M | 40.9M | 21.2M | 6.5M |
| Total debt | — | — | 108.5K | 204.9K | 52.9K | 234.5K | 243.7K | 78.5K |
| Net debt | — | — | -19.1M | -51.3M | -37.1M | -21.7M | -7.3M | -4.3M |
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 | 44.9M | 41.3M | 38.4M | 33.3M | 28.1M | 24M | 19.7M | 15.9M | 12.4M | 10.1M | 6.3M | 7.4M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 47.4M | 43.3M | 39.5M | 35.3M | 29.9M | 25.2M | 20.8M | 17.2M | 13.5M | 10.8M | 7.1M | 8.5M |
| Property, plant & equipment | 319.7K | 280.4K | 237.5K | 263.3K | 335.6K | 287.4K | 236.2K | 182.8K | 129.1K | 107.5K | 84.9K | 62.5K |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 47.8M | 43.6M | 39.7M | 35.6M | 30.3M | 25.6M | 21.1M | 17.4M | 13.6M | 11M | 7.2M | 8.6M |
| Accounts payable | — | — | — | — | — | — | — | — | — | — | — | — |
| Short-term debt | 168K | 173K | 178K | 164K | 197.3K | 190.8K | 161.5K | 131.5K | 94K | 78.5K | 59.1K | 39.7K |
| Total current liabilities | 2.3M | 2.7M | 4M | 4.6M | 3.6M | 4.3M | 4.3M | 4.9M | 4M | 4.5M | 3.8M | 4.3M |
| Long-term debt | 106.5K | 61.5K | 15.6K | 54.7K | 94K | 52.8K | 33.4K | 13.5K | 0 | 0 | — | — |
| Total liabilities | 2.4M | 2.7M | 4M | 4.7M | 3.7M | 4.4M | 4.3M | 4.9M | 4M | 4.5M | 3.8M | 11.8M |
| Shareholders' equity | 45.4M | 40.9M | 35.8M | 30.9M | 26.6M | 21.2M | 16.8M | 12.5M | 9.6M | 6.5M | 3.4M | -3.2M |
| Total debt | 274.5K | 234.5K | 193.6K | 218.7K | 291.2K | 243.7K | 194.9K | 145K | 94K | 78.5K | 59.1K | 39.7K |
| Net debt | -25.3M | -21.7M | -18.2M | -12.8M | -7.8M | -7.3M | -6.2M | -5.9M | -8.3M | -4.3M | -4.9M | -6.6M |
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 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Net income | -1.7M | -2.4M | -5.9M | -12.4M | -14.3M | -16M | -20.8M | -17.1M |
| Depreciation & amortization | -2.5K | 1.6K | 3.4K | 6.8K | 10.1K | 14.6K | 17.3K | 17.3K |
| Stock-based compensation | 185.6K | 117.8K | 1.2M | 961.5K | 1.2M | 1.1M | 732.9K | 650.9K |
| Change in working capital | 186.6K | -191K | -49.3K | -37.7K | -158.4K | -167.2K | -186.6K | -190.6K |
| Operating cash flow | -1.4M | -2.5M | -4.8M | -11.3M | -13.1M | -14.9M | -20M | -15.7M |
| Capital expenditure | 5.3K | -5.7K | -16.1K | -15.5K | -27.8K | -18.7K | -12.6K | — |
| Investing cash flow | 5.3K | -5.7K | -16.1K | -19.5M | 179.3K | -930.2K | 3.4M | 11.1M |
| Dividends paid | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | -939.7K | -2.5M | -500K | — | — |
| Financing cash flow | 535K | 2.9M | 23.6M | 63.3M | -2.5M | -500K | — | 1.5M |
| Net change in cash | -816.4K | 415K | 18.8M | 32.4M | -15.4M | -16.3M | -16.7M | -3.1M |
| Free cash flow | -1.3M | -2.1M | -5.7M | -10.6M | -12.8M | -14.4M | -17.8M | -15.7M |
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 | 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 | -3.2M | -4.2M | -5.4M | -5M | -4.5M | -5.9M | -4.5M | -4.3M | -4.2M | -4.1M | -3.3M | -7.1M |
| Depreciation & amortization | 3.7K | 4K | 4.1K | 4.3K | 4.4K | 4.6K | 4.6K | 4.5K | 4.1K | 4.1K | 3.9K | 3.8K |
| Stock-based compensation | 190.8K | 150.8K | 134.1K | 134.2K | 179.2K | 285.5K | 147.8K | 160.6K | 143.7K | 198.8K | 262.9K | 285.3K |
| Change in working capital | -39.3K | -40.1K | -40.9K | -48.9K | -49.2K | -47.6K | -48.7K | -49.9K | -51.1K | -40.9K | -8.8K | -19.4K |
| Operating cash flow | -3M | -4M | -5.3M | -4.8M | -4.3M | -5.6M | -4.4M | -3.9M | -4.6M | -2.8M | -3.8M | -2.9M |
| Capital expenditure | -4.8K | -5.1K | -2.2K | -4.3K | -3K | -3.1K | -1.2K | — | — | — | — | — |
| Investing cash flow | 231.7K | 256.2K | -556.2K | -202.1K | 680.3K | 3.4M | 3.2M | 3.6M | 5.9M | -1.7M | 4.3M | 692.3K |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | 0 | -500K | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 0 | -500K | — | — | — | — | — | — | 958.3K | 666.2K | — | — |
| Net change in cash | -2.7M | -4.3M | -5.9M | -5M | -3.6M | -2.1M | -1.1M | -344.1K | 2.3M | -3.8M | 477.4K | -2.2M |
| Free cash flow | -3.6M | -3.4M | -3.1M | -5.2M | -5.6M | -4M | -4.4M | -3.9M | -4.6M | -2.8M | -3.8M | -2.9M |