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 | -$0.08 | -$0.08 | 0.0% | — | — | — |
| Q1 26 | -$0.06 | -$0.04 | +33.3% | — | — | — |
| Q4 25 | -$0.06 | -$0.07 | -16.7% | — | — | — |
| Q3 25 | -$0.08 | -$0.1 | -25.0% | — | — | — |
| Q2 25 | -$0.13 | -$0.08 | +38.5% | — | — | — |
| Q1 25 | -$0.18 | -$0.2 | -11.1% | — | — | — |
| Q4 24 | -$0.17 | -$0.2 | -17.6% | — | — | — |
| Q3 24 | -$0.17 | -$0.17 | 0.0% | — | — | — |
| Q2 24 | -$0.17 | -$0.17 | 0.0% | — | — | — |
| Q1 24 | -$0.25 | -$0.26 | -4.0% | — | — | — |
| Q4 23 | -$0.25 | -$0.21 | +16.0% | — | — | — |
| Q3 23 | -$0.31 | -$0.25 | +19.4% | — | — | — |
| Q2 23 | -$0.45 | -$0.36 | +20.0% | — | — | — |
| Q1 23 | -$0.47 | -$0.38 | +19.1% | — | — | — |
| Q4 22 | -$0.51 | -$0.49 | +3.9% | — | — | — |
| Q3 22 | -$0.45 | -$0.49 | -8.9% | — | — | — |
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 | — | -$0.29 | — | — | $0 | — |
| FY24 | — | -$0.73 | — | — | $0 | — |
| FY23 | — | -$1.05 | — | — | $0 | — |
| FY22 | — | -$1.81 | — | — | $0 | — |
| FY21 | — | -$1.59 | — | — | $0 | — |
| FY20 | — | -$1.29 | — | — | $0 | — |
| FY19 | — | -$1.7 | — | — | $0 | — |
| FY18 | — | -$2.41 | — | — | $0 | — |
| FY17 | — | -$2.76 | — | — | $0 | — |
| FY16 | — | -$6 | — | — | $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% | 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 | 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 | $105K | — |
| YoY change | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | +InfinityT% | — |
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 | 901K | 1.1M | 2.5M | 3M | 3.4M | 6.2M | 7.7M | 5.7M | 6.6M | 6.3M |
| Selling, general & administrative | 8.7M | 4M | 4.5M | 4M | 5.6M | 5.1M | 5.6M | 4.3M | 4.9M | 8.2M |
| Operating expenses | 16.9M | 5.3M | 7.2M | 7.2M | 9.1M | 11.4M | 13.4M | 10.1M | 11.6M | 14.7M |
| Operating income | -9.6M | -5.3M | -7.2M | -7.2M | -9.1M | -11.4M | -13.4M | -10.1M | -11.6M | -14.7M |
| Operating margin | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | 306K | -2.1M | 6K | 96K | — | 44K | 215K | -887K | — | 316K |
| Pretax income | -9.7M | -7.6M | -7.3M | -7.2M | -9.2M | -11.3M | -13.2M | -10.7M | -11.4M | -13.1M |
| Income tax | — | — | — | — | — | — | — | — | — | — |
| Net income | -9.7M | -7.6M | -7.3M | -7.2M | -9.2M | -11.3M | -13.2M | -10.7M | -11.4M | -13.1M |
| Net margin | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -9.9M | -3.2M | -7.2M | -7.2M | -9M | -11.3M | -13.6M | -9.1M | -11.5M | -14.7M |
| EPS | -6 | -2.76 | -2.41 | -1.7 | -1.29 | -1.59 | -1.81 | -1.05 | -0.73 | -0.29 |
| Diluted EPS | -6 | -2.76 | -2.41 | -1.7 | -1.29 | -1.59 | -1.81 | -1.05 | -0.73 | -0.29 |
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 | 105K | — |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — | 103K | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — | 2K | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — | 1.9% | — |
| Research & development | 1.6M | 1.1M | 1.2M | 1.4M | 2.1M | 2M | 1.5M | 2.1M | 1.2M | 1.5M | 1.3M | — |
| Selling, general & administrative | 932K | 1.1M | 1.2M | 1.1M | 1.2M | 1.4M | 1.6M | 1.6M | 2.7M | 2.4M | 3M | — |
| Operating expenses | 2.5M | 2.3M | 2.4M | 2.5M | 3.3M | 3.4M | 3M | 3.7M | 3.9M | 3.9M | 4.3M | — |
| Operating income | -2.5M | -2.3M | -2.4M | -2.5M | -3.3M | -3.4M | -3M | -3.7M | -3.9M | -4.1M | -4.3M | — |
| Operating margin | — | — | — | — | — | — | — | — | — | — | -4.1K% | — |
| Non-operating income, net | — | — | — | — | — | — | 316K | — | — | 0 | — | — |
| Pretax income | -2.4M | -3.2M | -2.4M | -2.5M | -3.2M | -3.4M | -2.6M | -3.5M | -3.6M | -3.5M | -3.7M | — |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — |
| Net income | -2.4M | -3.2M | -2.4M | -2.5M | -3.2M | -3.4M | -2.6M | -3.5M | -3.6M | -3.5M | -3.7M | — |
| Net margin | — | — | — | — | — | — | — | — | — | — | -3.5K% | — |
| EBITDA | -2.5M | -2.3M | -2.4M | -2.5M | -3.3M | -3.4M | -3M | -3.7M | -3.9M | -4.1M | -4.3M | — |
| EPS | -0.21 | — | -0.17 | -0.17 | -0.2 | — | -0.08 | -0.1 | -0.07 | — | -0.05 | -0.08 |
| Diluted EPS | -0.21 | — | -0.17 | -0.17 | -0.2 | — | -0.08 | -0.1 | -0.07 | — | -0.05 | -0.08 |
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 | 2.7M | 10.8M | 5.2M | 31.3M | 24.6M | 15.5M | 8.2M | 6.4M | 5.5M | 78.6M |
| Receivables | 520K | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | 584K |
| Total current assets | 3.3M | 10.9M | 5.8M | 35.9M | 25.3M | 15.9M | 8.8M | 7.9M | 5.8M | 79.8M |
| Property, plant & equipment | 53K | 90K | 259K | 1.2M | 1M | 888K | 723K | 146K | 80K | 926K |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — |
| Total assets | 3.4M | 11M | 6.1M | 37.1M | 26.3M | 16.8M | 9.5M | 8.3M | 6M | 81.5M |
| Accounts payable | 512K | 78K | 630K | 284K | 275K | 279K | 116K | 357K | 165K | 511K |
| Short-term debt | — | — | — | 143K | 187K | 278K | 283K | 191K | 70K | 296K |
| Total current liabilities | 783K | 528K | 4.8M | 4.8M | 1.3M | 2M | 2.1M | 3.8M | 2.5M | 3.4M |
| Long-term debt | 76K | — | 0 | 760K | 626K | 402K | 179K | 40K | 41K | 569K |
| Total liabilities | 1.7M | 1.1M | 4.8M | 5.6M | 2M | 2.4M | 2.2M | 3.8M | 2.5M | 4M |
| Shareholders' equity | 1.7M | 10M | 1.3M | 31.5M | 24.3M | 14.4M | 7.3M | 4.5M | 3.5M | 77.6M |
| Total debt | 76K | — | 0 | 903K | 813K | 680K | 462K | 231K | 111K | 865K |
| Net debt | -2.6M | — | -5.2M | -27.9M | -18.8M | -12.8M | -2M | -2.2M | -3M | -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 | Q2 23 | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 9.9M | 8.2M | 6.4M | 6.3M | 6.5M | 4.3M | 5.5M | 30.4M | 32.7M | 80.2M | 78.6M | 72.5M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | 105K |
| Inventory | — | — | — | — | — | — | — | — | — | — | 584K | 2.3M |
| Total current assets | 10.3M | 8.4M | 7.9M | 7M | 7.1M | 5M | 5.8M | 30.7M | 32.9M | 80.8M | 79.8M | 76.5M |
| Property, plant & equipment | 545K | 481K | 146K | 367K | 296K | 213K | 80K | 236K | 240K | 78K | 926K | 1.1M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 10.9M | 8.9M | 8.3M | 7.4M | 7.4M | 5.2M | 6M | 30.9M | 33.1M | 81.8M | 81.5M | 78.1M |
| Accounts payable | 240K | 238K | 357K | 96K | 178K | 246K | 165K | 186K | 503K | 509K | 511K | 1.1M |
| Short-term debt | 225K | 206K | 191K | 191K | 110K | 65K | 70K | 90K | 102K | 297K | 296K | 324K |
| Total current liabilities | 1.3M | 1.5M | 3.8M | 1.2M | 1.3M | 1.4M | 2.5M | 1.9M | 2.7M | 2.9M | 3.4M | 3.4M |
| Long-term debt | 92K | 39K | 40K | 17K | 38K | 29K | 41K | 48K | 47K | 602K | 569K | 574K |
| Total liabilities | 1.4M | 1.5M | 3.8M | 1.2M | 1.4M | 1.4M | 2.5M | 1.9M | 2.8M | 3.5M | 4M | 4M |
| Shareholders' equity | 9.5M | 7.4M | 4.5M | 6.2M | 6.1M | 3.8M | 3.5M | 29M | 30.4M | 78.2M | 77.6M | 74.1M |
| Total debt | 317K | 245K | 231K | 208K | 148K | 94K | 111K | 138K | 149K | 899K | 865K | 898K |
| Net debt | -5.4M | -1.1M | -2.2M | -954K | -2.3M | -385K | -3M | -3.1M | -3.9M | -5.8M | -3M | -2.8M |
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 | -9.7M | -7.6M | -7.3M | -7.2M | -9.2M | -11.3M | -13.2M | -10.7M | -11.4M | -13.1M |
| Depreciation & amortization | 10K | 21K | 54K | 84K | 68K | 76K | 102K | 106K | 91K | 47K |
| Stock-based compensation | 676K | 479K | 1.4M | 1.1M | 1.9M | 1.4M | 1.8M | 1.4M | 1.3M | 1.1M |
| Change in working capital | 538K | -14K | -40K | — | — | — | — | — | — | -584K |
| Operating cash flow | -848K | -6.9M | -5.8M | -6.1M | -7.2M | -9.9M | -11.3M | -8.5M | -9.8M | -13M |
| Capital expenditure | -25K | -58K | -223K | 43K | -91K | -69K | -84K | -33K | -25K | — |
| Investing cash flow | -25K | -85K | -223K | -2.5M | -2.8M | 3.2M | -3.8M | 2M | 1.5M | -72.3M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 2.7M | 13M | -18K | 36.8M | -3.4M | 0 | 4.3M | 6.6M | 7.9M | 86.2M |
| Net change in cash | 1.8M | 6.1M | -6M | 28.2M | -13.4M | -6.7M | -10.8M | 7K | -296K | 869K |
| Free cash flow | -811K | -4.9M | -5.5M | -6.7M | -7.3M | -9.4M | -11.6M | -8.6M | -8.9M | -13.1M |
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 | Q2 23 | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -2.3M | -2.4M | -3.2M | -2.4M | -2.5M | -3.2M | -3.4M | -2.6M | -3.5M | -3.6M | -3.5M | -3.7M |
| Depreciation & amortization | 26K | 20K | 35K | 28K | 14K | 23K | 26K | 15K | 12K | 10K | 10K | 12K |
| Stock-based compensation | 349K | 336K | 297K | 453K | 331K | 283K | 282K | 256K | 237K | 328K | 236K | 222K |
| Change in working capital | — | — | — | 235K | — | — | — | — | — | — | — | -1.8M |
| Operating cash flow | -1.9M | -2.2M | -2M | -1.7M | -2.1M | -2.9M | -3.1M | -2.3M | -2.6M | -3.8M | -3.8M | -5.1M |
| Capital expenditure | -10K | -26K | 3K | -14K | -4K | 0 | -7K | -13K | — | — | — | — |
| Investing cash flow | -1.3M | -2.6M | 3M | -1.3M | 1.2M | 140K | 1.5M | -24.8M | -1.3M | -44.7M | -1.5M | 5.1M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 6.7M | -161K | 0 | 2.4M | 2.1M | 633K | 2.8M | 27.8M | 4.8M | 51.2M | 2.5M | 0 |
| Net change in cash | 3.5M | -4.9M | 956K | -542K | 1.1M | -2.1M | 1.2M | 646K | 879K | 2.6M | -2.8M | 52K |
| Free cash flow | -1.9M | -1.7M | -1.8M | -2.4M | -2M | -2.8M | -1.7M | -2.9M | -2.6M | -3.9M | -3.8M | -5.2M |
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 | — | — | — | — | — | 53.3M | 21.9M | — | — | — | 96.7M |
| Enterprise value | — | — | — | — | — | 38.5M | 14.1M | — | — | — | 30.2M |
| Shares outstanding | 952.9K | 2.2M | 2.9M | 4.3M | 7.1M | 7.1M | 7.3M | 10.2M | 15.6M | 45.8M | 45.8M |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | — | — | — | -4.97 |
| P/S | — | — | — | — | — | — | — | — | — | — | 279.5 |
| P/B | — | — | — | — | — | 3.71 | 3 | — | — | — | 1.4 |
| EV/EBITDA | — | — | — | — | — | -3.4 | -1.04 | — | — | — | -1.64 |
| EV/Sales | — | — | — | — | — | — | — | — | — | — | 87.4 |
| Earnings yield | — | — | — | — | — | — | — | — | — | — | -20.1% |
| FCF yield | — | — | — | — | — | -17.7% | -53.2% | — | — | — | -14.7% |
| PEG | — | — | — | — | — | — | — | — | — | — | 0.13 |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin | — | — | — | — | — | — | — | — | — | — | 1.9% |
| Operating margin | — | — | — | — | — | — | — | — | — | — | -2.6K% |
| Net margin | — | — | — | — | — | — | — | — | — | — | 0% |
| ROE | -569.8% | -76.2% | -545.9% | -23% | -37.7% | -78.7% | -180.7% | -238.6% | -324.2% | -16.9% | -32.9% |
| ROA | -286.9% | -68.9% | -119.2% | -19.5% | -34.9% | -67.5% | -138.1% | -129% | -189.7% | -16.1% | -21.7% |
| Return on tangible assets | -286.9% | -68.9% | -119.2% | -19.5% | -34.9% | -67.5% | -138.1% | -129% | -189.7% | -16.1% | -18.2% |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 4.23 | 20.7 | 1.23 | 7.45 | 18.8 | 8 | 4.26 | 2.09 | 2.37 | 23.3 | 18.6 |
| Quick ratio | 4.23 | 20.7 | 1.23 | 7.45 | 18.8 | 8 | 4.26 | 2.09 | 2.37 | 23.2 | 21.9 |
| Debt / equity | 0.04 | — | 0 | 0.03 | 0.03 | 0.05 | 0.06 | 0.05 | 0.03 | 0.01 | 0.01 |
| Debt / assets | 0.02 | — | 0 | 0.02 | 0.03 | 0.04 | 0.05 | 0.03 | 0.02 | 0.01 | 0.01 |
| Net debt / EBITDA | 0.27 | — | 0.73 | 4.25 | 2.64 | 1.31 | 0.57 | 0.67 | 0.46 | 5.29 | 4.48 |
| Interest coverage | -28.8 | -22.1 | -452.8 | -69.4 | -113.6 | — | — | — | — | — | — |
| 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 | 0.01 |
| EPS (basic) | -6 | -2.76 | -2.41 | -1.7 | -1.29 | -1.59 | -1.81 | -1.05 | -0.73 | -0.29 | -0.29 |
| EPS (diluted) | -6 | -2.76 | -2.41 | -1.7 | -1.29 | -1.59 | -1.81 | -1.05 | -0.73 | -0.29 | -0.25 |
| Book value per share | 1.78 | 4.57 | 0.46 | 7.39 | 3.42 | 2.02 | 1 | 0.44 | 0.23 | 1.69 | 1.03 |
| FCF per share | -0.85 | -2.26 | -1.91 | -1.56 | -1.03 | -1.33 | -1.6 | -0.84 | -0.57 | -0.29 | -0.23 |
| Cash per share | 2.84 | 4.95 | 1.8 | 7.33 | 3.46 | 2.18 | 1.13 | 0.63 | 0.35 | 1.72 | 1 |
| Capex per share | 0.03 | 0.03 | 0.08 | 0.01 | 0.01 | 0.01 | 0.01 | 0 | 0 | — | — |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Capex / operating cash flow | -2.95% | -0.84% | -3.86% | -0.71% | -1.26% | -0.7% | -0.74% | -0.39% | -0.26% | — | — |
| Payout ratio | — | — | — | — | — | — | — | — | — | — | 0% |