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 | -$1.55 | -$1.4 | +9.7% | — | $0 | — |
| Q1 26 | -$1.66 | -$3.54 | -113.3% | — | $0 | — |
| Q3 25 | -$6.58 | -$0.68 | +89.7% | — | $0 | — |
| Q2 25 | -$10.1 | -$12.3 | -21.5% | — | $0 | — |
| Q1 25 | -$13.9 | -$17.3 | -24.4% | — | $0 | — |
| Q4 24 | -$1.28 | -$0.37 | +71.1% | — | $0 | — |
| Q3 24 | -$61 | -$71.3 | -16.8% | — | $0 | — |
| Q2 24 | -$2.51 | -$1.7 | +32.3% | — | $0 | — |
| Q1 24 | -$88.3 | -$50.5 | +42.8% | — | $0 | — |
| Q4 23 | -$76.3 | -$360.3 | -372.5% | — | $0 | — |
| Q3 23 | -$3.55 | -$2.85 | +19.7% | — | $0 | — |
| Q2 23 | -$0.27 | -$0.2 | +25.9% | — | $0 | — |
| Q1 23 | -$0.25 | -$0.28 | -12.0% | — | $0 | — |
| Q4 22 | -$0.3 | -$0.23 | +23.3% | — | $0 | — |
| Q3 22 | -$0.27 | -$0.3 | -11.1% | — | $0 | — |
| Q2 22 | -$95.6 | -$96.8 | -1.3% | — | $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 | — | -$28.4 | — | — | $0 | — |
| FY24 | — | -$158 | — | — | $0 | — |
| FY23 | — | -$15.1 | — | — | $0 | — |
| FY22 | — | -$15.2 | — | — | $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 | 1.5M | 4.5M | 9.7M | 11M | 12.8M | 14.4M | 19M | 19.5M | 17.7M | 15.9M |
| Selling, general & administrative | 2.4M | 4.1M | 5.2M | 6.3M | 6.8M | 8.4M | 11.5M | 10M | 8.8M | 9.1M |
| Operating expenses | 3.9M | 8.6M | 15M | 17.3M | 19.5M | 22.8M | 30.5M | 29.5M | 26.5M | 25M |
| Operating income | -3.9M | -8.7M | -15M | -17.5M | -19.7M | -23M | -30.6M | -29.6M | -26.6M | -25.1M |
| Operating margin | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | — | -1.2M | 3.1M | 4.1M | 2.4M | 6.8M | 1.4M | -1.5M | 4.3M | -8.6M |
| Pretax income | -3.9M | -9.8M | -11.9M | -13.4M | -17.4M | -15.9M | -29M | -29.8M | -21.8M | -33.6M |
| Income tax | — | — | 0 | -229K | 0 | — | — | — | — | — |
| Net income | -3.9M | -9.8M | -11.9M | -13.2M | -17.4M | -15.9M | -29M | -29.8M | -21.8M | -33.6M |
| Net margin | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -3.9M | -7.3M | -18.1M | -21.4M | -21.9M | -29.5M | -31.8M | -28.5M | -30.8M | -16.5M |
| EPS | -36 | -47.7 | -41.4 | -29.3 | -26.4 | -8.85 | -15.2 | -15.1 | -158 | -28.4 |
| Diluted EPS | -36 | -47.7 | -41.4 | -29.3 | -26.4 | -8.85 | -15.2 | -15.1 | -158 | -28.4 |
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 | 3.3M | 6.6M | 4.3M | 4.1M | 4.9M | 4.5M | 3.4M | 3.6M | 3.7M | 5.1M | 5.4M | 5.5M |
| Selling, general & administrative | 2.6M | 2.3M | 2.4M | 2.1M | 2.2M | 2.2M | 2.5M | 2.1M | 2.1M | 2.4M | 2.5M | 2.1M |
| Operating expenses | 5.9M | 8.9M | 6.6M | 6.2M | 7.1M | 6.6M | 5.9M | 5.7M | 5.9M | 7.5M | 7.9M | 7.6M |
| Operating income | -5.9M | -8.9M | -6.7M | -6.2M | -7.1M | -6.6M | -5.9M | -5.7M | -5.9M | -7.5M | -7.9M | -7.6M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | 14K | -1.6M | 1.5M | 1.7M | -3.6M | 4.7M | -523K | -1.9M | -19.5M | 23.1M | -5M | 4K |
| Pretax income | -5.6M | -10.3M | -5M | -4.3M | -10.6M | -1.9M | -6.4M | -7.6M | -25.4M | 15.6M | -12.8M | -7.6M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — |
| Net income | -5.6M | -10.3M | -5M | -4.3M | -10.6M | -1.9M | -6.4M | -7.6M | -25.4M | 15.6M | -12.8M | -7.6M |
| Net margin | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -5.9M | -7.8M | -8.1M | -7.8M | -3.5M | -11.3M | -5.4M | -3.7M | 13.7M | -30.6M | -2.8M | -7.5M |
| EPS | -2.82 | — | -2.02 | -1.7 | -2.85 | — | -17.3 | -12.3 | -17 | — | -3.54 | -1.4 |
| Diluted EPS | -2.82 | — | -2.02 | -1.7 | -2.85 | — | -17.3 | -12.3 | -17 | — | -3.54 | -1.4 |
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 | 560.2M | — | — | — | — | — | 758M | 632.5M | — | — | 11.6M |
| Enterprise value | 555.5M | — | — | — | — | — | 715.3M | 609.5M | — | — | 4.7M |
| Shares outstanding | 109.2K | 206.3K | 287.8K | 452.5K | 656.4K | 1.8M | 1.9M | 2M | 137.7K | 1.2M | 1.2M |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | — | — | — | 0.04 |
| P/B | 37.4 | — | — | — | — | — | 14.5 | 24.3 | — | — | 0.35 |
| EV/EBITDA | -143.3 | — | — | — | — | — | -22.5 | -21.4 | — | — | -0.17 |
| Earnings yield | — | — | — | — | — | — | — | — | — | — | 2.6K% |
| FCF yield | -0.68% | — | — | — | — | — | -3.66% | -3.83% | — | — | -128.6% |
| PEG | — | — | — | — | — | — | — | — | — | — | -0 |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | — | — | — | — | — | 0% |
| Net margin | — | — | — | — | — | — | — | — | — | — | 0% |
| ROE | -26.2% | -57.3% | -83.2% | -84.8% | -97.7% | -20.1% | -55.6% | -114.2% | -364% | -223.6% | -1.4K% |
| ROA | -23.9% | -50.3% | -60.6% | -52.3% | -59.8% | -18.9% | -50.5% | -77.9% | -128.6% | -151.7% | -84.6% |
| ROIC | — | — | -210.5% | -336% | -689.3% | — | — | — | — | — | — |
| Return on tangible assets | 66.5% | 348.6% | -140.8% | -93.7% | -97% | -21.8% | -62.7% | -110% | 405.2% | 19.7K% | -305.1% |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 3.88 | 3.75 | 2.06 | 3.78 | 5.89 | 20 | 9.46 | 3.86 | 0.97 | 1.41 | 0.94 |
| Quick ratio | 3.88 | 3.75 | 2.06 | 3.78 | 5.89 | 20 | 9.46 | 3.86 | 0.97 | 1.41 | 0.94 |
| Debt / equity | 0.02 | — | 0 | 0.02 | 0.02 | 0 | 0.01 | 0.02 | 0.08 | 0.02 | 0.03 |
| Debt / assets | 0.02 | — | 0 | 0.02 | 0.01 | 0 | 0.01 | 0.02 | 0.03 | 0.02 | 0.01 |
| Net debt / EBITDA | 1.22 | — | 0.39 | 0.48 | 0.68 | 2.4 | 1.34 | 0.81 | 0.12 | 0.52 | 0.26 |
| Interest coverage | -89.9 | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | — | — | 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 | 0 | 0 |
| EPS (basic) | -36 | -47.7 | -41.4 | -29.3 | -26.4 | -8.85 | -15.2 | -15.1 | -158 | -28.4 | -28.4 |
| EPS (diluted) | -36 | -47.7 | -41.4 | -29.3 | -26.4 | -8.85 | -15.2 | -15.1 | -158 | -28.4 | 14.6 |
| Book value per share | 137 | 83 | 49.6 | 34.4 | 27.1 | 44.1 | 27.4 | 13.3 | 43.4 | 12.7 | 1.63 |
| FCF per share | -34.7 | -35.6 | -43.8 | -38.1 | -27.6 | -10.6 | -14.5 | -12.3 | -173.4 | -19.2 | -4.46 |
| Cash per share | 45.9 | 37.4 | 24.8 | 23.7 | 23.1 | 39.6 | 22.6 | 12 | 31.1 | 7.49 | 0.37 |
| Capex per share | 0.19 | 0.14 | 1.45 | 0.11 | 0.57 | 0.01 | 0.04 | 0.06 | 0.09 | — | — |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Capex / operating cash flow | -0.59% | -0.32% | -4.09% | -0.51% | -2.28% | -0.15% | -0.26% | -0.47% | -0.06% | — | — |
| Payout ratio | — | — | — | — | — | — | — | — | — | — | 0% |
| FY21 | — | -$8.85 | — | — | $0 | — |
| FY20 | — | -$26.4 | — | — | $0 | — |
| FY19 | — | -$29.3 | — | — | $0 | — |
| FY18 | — | -$41.4 | — | — | $0 | — |
| FY17 | — | -$47.7 | — | — | $0 | — |
| FY16 | — | -$36 | — | — | $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 | 5M | 7.7M | 7.1M | 10.7M | 15.2M | 70.9M | 43.1M | 23.6M | 4.3M | 8.9M |
| Receivables | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 5.2M | 8.3M | 8M | 13.5M | 17.2M | 72.5M | 45.6M | 26.3M | 5.2M | 9.7M |
| Property, plant & equipment | 23K | 33K | 463K | 603K | 685K | 445K | 678K | 796K | 583K | 392K |
| Goodwill & intangibles | 22.3M | 22.3M | 11.1M | 11.1M | 11.1M | 11.1M | 11.1M | 11.1M | 22.3M | 22.3M |
| Total assets | 16.4M | 19.5M | 19.6M | 25.2M | 29M | 84.1M | 57.4M | 38.2M | 16.9M | 22.1M |
| Accounts payable | 399K | 810K | 1.2M | 2.2M | 1.1M | 1.4M | 2.1M | 2.5M | 2M | 3.5M |
| Short-term debt | 296K | — | — | 103K | 118K | 96K | 116K | 100K | 120K | 137K |
| Total current liabilities | 1.3M | 2.2M | 3.9M | 3.6M | 2.9M | 3.6M | 4.8M | 6.8M | 5.4M | 6.9M |
| Long-term debt | — | — | 0 | 276K | 159K | 63K | 335K | 474K | 358K | 222K |
| Total liabilities | 1.4M | 2.4M | 5.3M | 9.7M | 11.3M | 5.1M | 5.2M | 12.1M | 10.9M | 7.1M |
| Shareholders' equity | 15M | 17.1M | 14.3M | 15.6M | 17.8M | 79M | 52.2M | 26.1M | 6M | 15M |
| Total debt | 296K | — | 0 | 379K | 277K | 159K | 451K | 574K | 478K | 359K |
| Net debt | -4.7M | — | -7.1M | -10.4M | -14.9M | -70.7M | -42.7M | -23M | -3.8M | -8.5M |
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 | 24.6M | 23.6M | 16.8M | 10.8M | 9.4M | 4.3M | 7.7M | 7.6M | 6.7M | 8.9M | 10.3M | 7.3M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 27.6M | 26.3M | 19M | 13.7M | 11.6M | 5.2M | 9.3M | 9.1M | 7.9M | 9.7M | 11M | 8.7M |
| Property, plant & equipment | 772K | 796K | 740K | 696K | 640K | 583K | 525K | 469K | 420K | 392K | 354K | 316K |
| Goodwill & intangibles | 11.1M | 11.1M | 11.1M | 11.1M | 11.1M | 22.3M | 11.1M | 11.1M | 11.1M | 22.3M | 22.3M | 11.1M |
| Total assets | 39.5M | 38.2M | 30.8M | 25.6M | 23.4M | 16.9M | 21M | 21.6M | 20.4M | 22.1M | 23.4M | 21.1M |
| Accounts payable | 2M | 2.5M | 2.1M | 2.8M | 2.5M | 2M | 2.7M | 3.7M | 2.1M | 3.5M | 4.6M | 4.3M |
| Short-term debt | — | 100K | 109K | 112K | 116K | 120K | 124K | 128K | 132K | 137K | 141K | 145K |
| Total current liabilities | 3.9M | 6.8M | 5.4M | 5.7M | 5.6M | 5.4M | 6.9M | 7.9M | 5.7M | 6.9M | 8M | 9.3M |
| Long-term debt | 496K | 474K | 450K | 420K | 390K | 358K | 326K | 292K | 258K | 222K | 185K | 147K |
| Total liabilities | 4.4M | 12.1M | 9.3M | 7.9M | 15.9M | 10.9M | 21M | 28.8M | 47.3M | 7.1M | 8.2M | 9.5M |
| Shareholders' equity | 35.1M | 26.1M | 21.6M | 17.7M | 7.5M | 6M | 42K | -7.2M | -26.9M | 15M | 15.2M | 11.6M |
| Total debt | 496K | 574K | 559K | 532K | 506K | 478K | 450K | 420K | 390K | 359K | 326K | 292K |
| Net debt | -24.1M | -23M | -16.3M | -10.3M | -8.9M | -3.8M | -7.3M | -7.1M | -6.3M | -8.5M | -10M | -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 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -3.9M | -9.8M | -11.9M | -13.2M | -17.4M | -15.9M | -29M | -29.8M | -21.8M | -33.6M |
| Depreciation & amortization | 6K | 18K | 68K | 199K | 200K | 164K | 130K | 127K | 126K | 90K |
| Stock-based compensation | 324K | 707K | 1.1M | 1.5M | 1.7M | 2.4M | 2.3M | 2M | 1.7M | 1.7M |
| Change in working capital | -41K | 411K | 462K | 907K | -1M | 235K | 731K | 403K | -468K | 1.3M |
| Operating cash flow | -3.5M | -8.8M | -10.2M | -10.1M | -16.4M | -13M | -25.8M | -26.4M | -20.3M | -22.7M |
| Capital expenditure | -21K | -28K | -417K | -51K | -374K | -19K | -67K | -124K | -13K | — |
| Investing cash flow | -121K | -28K | -417K | -51K | -374K | -19K | -67K | -124K | -13K | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 8.4M | 6.1M | 12M | 19.3M | 22.5M | 74.7M | -23K | 4.7M | 4.6M | 25.8M |
| Net change in cash | 4.7M | -2.7M | 1.4M | 9.2M | 5.8M | 61.6M | -25.9M | -21.8M | -15.7M | 3M |
| Free cash flow | -3.8M | -7.4M | -12.6M | -17.3M | -18.1M | -19M | -27.7M | -24.2M | -23.9M | -22.7M |
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 | -5.6M | -10.3M | -5M | -4.3M | -10.6M | -1.9M | -6.4M | -8.2M | -25.4M | 15.6M | -12.8M | -7.6M |
| Depreciation & amortization | 31K | 35K | 32K | 31K | 32K | 31K | 31K | 28K | 22K | 9K | 8K | 8K |
| Stock-based compensation | 493K | 479K | 493K | 453K | 353K | 427K | 485K | 417K | 303K | 459K | 380K | 436K |
| Change in working capital | -2.1M | 490K | -394K | 729K | -283K | -520K | 676K | 850K | -1.5M | 1.3M | 1.1M | -238K |
| Operating cash flow | -7.2M | -9.3M | -4.7M | -3.1M | -10.5M | -1.9M | 2.7M | -5.6M | -7.2M | -5.4M | -6.1M | -6.7M |
| Capital expenditure | -28K | -81K | — | -13K | 0 | 0 | 0 | — | — | — | — | — |
| Investing cash flow | -28K | -81K | — | -13K | 0 | 0 | 0 | — | — | — | — | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | -4K | 4.5M | 0 | 0 | 4.7M | 0 | 8M | 5.4M | 5.3M | 7.1M | 7.6M | 796K |
| Net change in cash | -7.2M | -4.9M | -4.7M | -3.1M | -5.8M | -1.9M | 10.7M | -165K | -2M | 1.7M | 1.5M | -5.9M |
| Free cash flow | -7.6M | -5.5M | -6.7M | -6M | -6.1M | -5.1M | -4.6M | -5.6M | -7.2M | -5.4M | -6.1M | -6.7M |