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 % |
|---|---|---|---|---|---|---|
| Q4 24 | -$8 | $3.63 | +145.4% | — | $0 | — |
| Q3 24 | -$6.5 | -$2 | +69.2% | — | $0 | — |
| Q2 24 | -$7 | -$12 | -71.4% | — | $0 | — |
| Q1 24 | -$11 | -$23 | -109.1% | — | $0 | — |
| Q4 23 | -$67 | -$35.5 | +47.0% | — | $0 | — |
| Q3 23 | -$1.27 | -$1.4 | -10.2% | — | $0 | — |
| Q2 23 | -$1.81 | -$2 | -10.5% | — | $0 | — |
| Q1 23 | -$3.01 | -$2.06 | +31.6% | — | $0 | — |
| Q4 22 | -$2.89 | -$2.7 | +6.6% | — | $0 | — |
| Q3 22 | -$0.2 | -$0.18 | +10.0% | — | $0 | — |
| Q2 22 | -$0.21 | -$0.19 | +9.5% | — | $0 | — |
| Q1 22 | -$0.18 | -$0.2 | -11.1% | — | $0 | — |
| Q4 21 | -$0.19 | -$0.22 | -15.8% | — | $0 | — |
| Q3 21 | -$127.5 | -$142.5 | -11.8% | — | $0 | — |
| Q2 21 | -$0.2 | -$0.16 | +20.0% | — | $0 | — |
| Q1 21 | -$0.19 | -$0.19 | 0.0% | — | $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 | — | -$0.39 | — | — | $0 | — |
| FY24 | — | -$38.6 | — | — | $0 | — |
| FY23 | — | -$6 | — | — | $0 | — |
| FY22 | — | -$11.3 | — | — | $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 | $0 | $0 |
| YoY change | — | 0% | 0% | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — |
| Research & development | 8.5M | 20.4M | 24.5M | 36.3M | 47.3M | 55.7M | 63.9M | 41M | 8.4M | -1.5M |
| Selling, general & administrative | 2.8M | 11.4M | 6.8M | 9.6M | 9.5M | 11M | 12.2M | 9.7M | 4.1M | 3.9M |
| Operating expenses | 11.4M | 31.8M | 31.2M | 45.9M | 56.8M | 66.7M | 74.9M | 50.7M | 12.6M | 2.4M |
| Operating income | -11.4M | -31.8M | -31.2M | -45.9M | -56.8M | -66.7M | -76.2M | -50.7M | -12.6M | -2.4M |
| Operating margin | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | -159K | — | — | — | — | — | 1.3M | -412K | -3.4M | — |
| Pretax income | -12.7M | -31.3M | -30.7M | -46.4M | -60M | -66.4M | -77.5M | -51.6M | -15.8M | -1.9M |
| Income tax | — | — | — | — | — | — | — | — | — | — |
| Net income | -12.7M | -31.3M | -30.7M | -46.4M | -60M | -66.4M | -77.5M | -51.6M | -15.8M | -1.9M |
| Net margin | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -11.3M | -31.3M | -30M | -43.3M | -54.3M | -64M | -71.1M | -46.7M | -11.2M | -2.4M |
| EPS | -7.24 | -18.6 | -17.1 | -19.4 | -17.1 | -11.4 | -11.3 | -6 | -38.6 | -0.39 |
| Diluted EPS | -7.24 | -18.6 | -17.1 | -19.4 | -17.1 | -11.4 | -11.3 | -6 | -38.6 | -0.39 |
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 | 9.5M | 6.7M | 3.8M | 4.4M | 57K | 197K | -964K | 98K | -333K | -317K | 178K | 224K |
| Selling, general & administrative | 2.1M | 2.2M | 1.4M | 1.5M | 1.4M | -223K | 1.2M | 787K | 957K | 987K | 880K | 946K |
| Operating expenses | 11.7M | 8.9M | 5.2M | 5.9M | 1.5M | -26K | 253K | 885K | 624K | 670K | 1.1M | 1.2M |
| Operating income | -11.7M | -8.9M | -5.2M | -5.9M | -1.5M | 26K | -253K | -885K | -624K | -670K | -1.1M | -1.2M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | 1.5M | -2.7M | — | -2.3M | — | -1M | — | — | — | — | — | — |
| Pretax income | -10.1M | -8.6M | -5.2M | -8.2M | -1.4M | -952K | -153K | -762K | -468K | -538K | -955K | -1.1M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — |
| Net income | -10.1M | -8.6M | -5.2M | -8.2M | -1.4M | -952K | -153K | -762K | -468K | -538K | -955K | -1.1M |
| Net margin | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -11M | -8.4M | -4.5M | -5.5M | -1.4M | 167K | -212K | -885K | -624K | -670K | -1.1M | -1.2M |
| EPS | -1.23 | — | -23 | -17.5 | -2 | — | -0.05 | -0.19 | -0.07 | — | -0.14 | -0.16 |
| Diluted EPS | -1.23 | — | -23 | -17.5 | -2 | — | -0.05 | -0.19 | -0.07 | — | -0.14 | -0.16 |
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 | — | 15.1B | 4B | — | — | — | — | — | — | — | 3.8M |
| Enterprise value | — | 15.1B | 3.9B | — | — | — | — | — | — | — | -11.2M |
| Shares outstanding | 1.7M | 1.7M | 1.8M | 2.4M | 3.5M | 5.9M | 6.9M | 8.6M | 609.7K | 4.9M | 4.9M |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | — | — | — | 0.63 |
| P/B | — | 253 | 108.8 | — | — | — | — | — | — | — | 0.52 |
| EV/EBITDA | — | -482.1 | -130.8 | — | — | — | — | — | — | — | 3.2 |
| Earnings yield | — | — | — | — | — | — | — | — | — | — | 159.2% |
| FCF yield | — | -0.1% | -0.69% | — | — | — | — | — | — | — | -111.2% |
| PEG | — | — | — | — | — | — | — | — | — | — | -0.04 |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | — | — | — | — | — | 0% |
| Net margin | — | — | — | — | — | — | — | — | — | — | 0% |
| ROE | -52.1% | -52.3% | -84.2% | -89.8% | -61% | -59% | -167.5% | -42K% | 406.7% | -20.2% | -58.1% |
| ROA | -46% | -49.3% | -71.7% | -63.2% | -54.6% | -53% | -83.9% | -290.8% | -169.2% | -10.9% | -15.4% |
| Return on tangible assets | -46% | -49.3% | -71.7% | -63.2% | -54.6% | -53% | -83.9% | -290.8% | -169.2% | -10.9% | -19.4% |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 8.53 | 17 | 6.25 | 8.12 | 10.5 | 10.3 | 5.22 | 0.74 | 0.68 | 2.22 | 1.97 |
| Quick ratio | 8.53 | 17 | 6.25 | 8.12 | 10.5 | 10.3 | 5.22 | 0.74 | 0.68 | 2.22 | 1.97 |
| Debt / equity | 0.01 | — | 0 | 0.3 | 0.02 | 0.02 | 0.68 | 20.3 | -0.23 | 0 | 0 |
| Debt / assets | 0.01 | — | 0 | 0.21 | 0.02 | 0.02 | 0.34 | 0.14 | 0.09 | 0 | 0 |
| Net debt / EBITDA | 2.4 | — | 1.13 | 1.06 | 1.76 | 1.68 | 0.62 | 0.08 | 0.53 | 7.22 | 4.32 |
| Interest coverage | -10 | -3.9K | -3.8K | -25.3 | -14.3 | -4.4K | -22.1 | -38.3 | -3.1K | — | — |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (basic) | -7.24 | -18.6 | -17.1 | -19.4 | -17.1 | -11.4 | -11.3 | -6 | -38.6 | -0.39 | -0.39 |
| EPS (diluted) | -7.24 | -18.6 | -17.1 | -19.4 | -17.1 | -11.4 | -11.3 | -6 | -38.6 | -0.39 | -0.42 |
| Book value per share | 13.9 | 35.5 | 20.3 | 21.5 | 28.1 | 19.2 | 6.71 | 0.01 | -6.35 | 1.94 | 1 |
| FCF per share | -2.36 | -9.35 | -15.1 | -15.5 | -11.9 | -10.1 | -9.88 | -5.76 | -18.7 | -1.07 | -0.67 |
| Cash per share | 15.7 | 36.2 | 19 | 25.5 | 27.9 | 18.7 | 11 | 0.72 | 11.2 | 3.52 | 2 |
| Capex per share | 0 | 0.25 | 3.82 | 0.98 | 0.55 | 0.68 | 0.38 | 0.69 | 0 | — | — |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Capex / operating cash flow | 0% | -3.46% | -37% | -7.02% | -5.17% | -7.48% | -4.02% | -11.4% | 0% | — | — |
| Payout ratio | — | — | — | — | — | — | — | — | — | — | 0% |
| FY21 |
| — |
| -$11.4 |
| — |
| — |
| $0 |
| — |
| FY20 | — | -$17.1 | — | — | $0 | — |
| FY19 | — | -$19.4 | — | — | $0 | — |
| FY18 | — | -$17.1 | — | — | $0 | — |
| FY17 | — | -$18.6 | — | — | $0 | — |
| FY16 | — | -$7.24 | — | — | $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 | $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 | 27.5M | 61M | 34.1M | 61.4M | 97.8M | 109.6M | 75.7M | 6.2M | 6.8M | 17.3M |
| Receivables | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 27.5M | 61.4M | 35.1M | 63.1M | 99.5M | 111.7M | 78.9M | 11.3M | 8.6M | 17.6M |
| Property, plant & equipment | 0 | 1.5M | 6.9M | 9.1M | 9.1M | 12.1M | 12.3M | 4.8M | 452K | 0 |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — |
| Total assets | 27.5M | 63.5M | 42.8M | 73.4M | 109.9M | 125.2M | 92.4M | 17.7M | 9.3M | 17.6M |
| Accounts payable | 683K | 3.5M | 1.4M | 1.9M | 3.5M | 3.5M | 6.8M | 6.3M | 7.5M | 3.5M |
| Short-term debt | 320K | — | — | 1.5M | 278K | 348K | 612K | 520K | 456K | — |
| Total current liabilities | 3.2M | 3.6M | 5.6M | 7.8M | 9.5M | 10.8M | 15.1M | 15.4M | 12.6M | 7.9M |
| Long-term debt | — | — | 0 | 14M | 1.9M | 1.7M | 30.8M | 2M | 422K | 0 |
| Total liabilities | 3.2M | 3.7M | 6.4M | 21.8M | 11.5M | 12.8M | 46.1M | 17.6M | 13.2M | 8.1M |
| Shareholders' equity | 24.3M | 59.8M | 36.4M | 51.7M | 98.4M | 112.4M | 46.3M | 123K | -3.9M | 9.5M |
| Total debt | 320K | — | 0 | 15.5M | 2.2M | 2M | 31.4M | 2.5M | 878K | 0 |
| Net debt | -27.2M | — | -16.5M | -45.9M | -95.6M | -107.6M | -44.3M | -3.7M | -6M | -17.3M |
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 | 9.6M | 6.2M | 1.3M | 4.3M | 3.5M | 6.8M | 14.2M | 12.7M | 19M | 17.3M | 16.3M | 15.2M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 13.6M | 11.3M | 9.2M | 7.3M | 6.1M | 8.6M | 14.9M | 13M | 19.4M | 17.6M | 16.6M | 15.6M |
| Property, plant & equipment | 5.1M | 4.8M | 4.4M | 575K | 513K | 452K | — | — | — | 0 | — | — |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 20.6M | 17.7M | 14.6M | 8.5M | 7.2M | 9.3M | 14.9M | 13M | 19.4M | 17.6M | 16.6M | 15.6M |
| Accounts payable | 5.5M | 6.3M | 11.3M | 8.9M | 8.8M | 7.5M | 6.3M | 5.7M | 5M | 3.5M | 3.3M | 3.2M |
| Short-term debt | 453K | 520K | 570K | 429K | 442K | 456K | — | — | — | — | — | — |
| Total current liabilities | 14.2M | 15.4M | 17.4M | 15.9M | 15M | 12.6M | 11.2M | 10M | 9.4M | 7.9M | 7.8M | 7.9M |
| Long-term debt | 2.1M | 2M | 1.8M | 656K | 541K | 422K | 0 | 0 | 0 | 0 | — | — |
| Total liabilities | 16.6M | 17.6M | 19.5M | 16.8M | 15.8M | 13.2M | 11.3M | 10.2M | 9.6M | 8.1M | 8M | 8.1M |
| Shareholders' equity | 4M | 123K | -4.9M | -8.3M | -8.7M | -3.9M | 3.6M | 2.9M | 9.8M | 9.5M | 8.6M | 7.5M |
| Total debt | 2.6M | 2.5M | 2.4M | 1.1M | 983K | 878K | 0 | 0 | 0 | 0 | — | — |
| Net debt | -7M | -3.7M | 1.1M | -3.2M | -2.5M | -6M | -14.2M | -12.7M | -19M | -17.3M | — | — |
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 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -12.7M | -31.3M | -30.7M | -46.4M | -60M | -66.4M | -77.5M | -51.6M | -15.8M | -1.9M |
| Depreciation & amortization | 0 | 2K | 630K | 1.4M | 1.8M | 2.3M | 3M | 2.2M | 823K | 41K |
| Stock-based compensation | 0 | 2M | 5M | 2.7M | 3M | 3.3M | 2.3M | 568K | -450K | 129K |
| Change in working capital | 668K | 1.3M | 3.1M | 330K | 3.2M | -236K | 5M | -4.1M | -73K | 362K |
| Operating cash flow | -4.3M | -12.3M | -18.6M | -33.4M | -37.2M | -53.3M | -64.3M | -51.9M | -14.6M | -5.3M |
| Capital expenditure | 0 | -424K | -6.9M | -2.3M | -1.9M | -4M | -2.6M | 5.9M | 0 | — |
| Investing cash flow | 0 | -26.7M | 1.6M | 15.3M | -1.9M | -4M | -2.6M | 5.9M | 0 | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 31.6M | 50M | 0 | 65.1M | 77.8M | 70.5M | 33.9M | -26.3M | 7.7M | 7.4M |
| Net change in cash | 27.3M | 11M | -17M | 47M | 38.6M | 13.3M | -33.1M | -72.2M | -6.9M | 2.1M |
| Free cash flow | -4.1M | -15.7M | -27.2M | -37.3M | -41.7M | -59M | -68.1M | -49.6M | -11.4M | -5.3M |
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 | -10.1M | -8.6M | -5.2M | -8.2M | -1.4M | -952K | -153K | -762K | -468K | -538K | -955K | -1.1M |
| Depreciation & amortization | 367K | 363K | 696K | 1K | 51K | 75K | 41K | 0 | 0 | 0 | 0 | 0 |
| Stock-based compensation | 100K | 188K | 76K | -618K | 42K | 50K | 38K | 45K | 23K | 23K | 22K | 21K |
| Change in working capital | -78K | -4.1M | -3.3M | 3.2M | 401K | -283K | 112K | 250K | 0 | 0 | 0 | 0 |
| Operating cash flow | -9.6M | -11.2M | -7.7M | -5.6M | -178K | -112K | -140K | -1.3M | -818K | -1.7M | -1M | -967K |
| Capital expenditure | 6M | -30K | — | 0 | 0 | 0 | 1.2M | — | — | — | — | — |
| Investing cash flow | 6M | -30K | — | 0 | 0 | 0 | 1.2M | — | — | — | — | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 163K | 4M | — | 5.9M | 1.7M | 1.4M | 7.6M | -235K | 0 | 0 | 0 | 0 |
| Net change in cash | -3.5M | -7.2M | -7.7M | 347K | 1.5M | 1.3M | 8.6M | -1.6M | -818K | -1.7M | -1M | -967K |
| Free cash flow | -12.1M | -7.3M | -5.3M | -2.3M | -1.8M | -2M | -1.4M | -1.3M | -818K | -1.7M | -1M | -967K |