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 | — | -$2.12 | — | — | $4.3M | — |
| FY24 | — | $1.31 | — | — | $2.2M | — |
| FY23 | — | -$0.86 | — | — | $4.2M | — |
| FY22 | — | -$0.63 | — | — | $1.1M | — |
| FY21 | — | -$1.78 | — | — | $0 | — |
| FY20 | — | -$0.09 | — | — | $0 | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $1.1M | $4.2M | $2.2M | $4.3M |
| YoY change | — | 0% | +InfinityT% | +279.7% | -47.5% | +92.8% |
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 |
|---|
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 1.1M | 4.2M | 2.2M | 4.3M |
| Cost of revenue | 1.8M | 2M | 2.8M | 8.6M | 20.1M | 15M |
| Gross profit | -1.8M | -2M | -1.7M | -4.4M | -17.8M | -10.7M |
| Gross margin | — | — | -153.2% | -103.8% | -803.2% | -249.6% |
| Research & development | 577.2K | 454.5K | 348.1K | 528.2K | 1.5M | 0 |
| Selling, general & administrative | 1.4M | 2.7M | 3M | 4.2M | 7.8M | 5.8M |
| Operating expenses | 2.5M | 3.8M | 4.4M | 5.6M | 10.3M | 6.8M |
| Operating income | -4.3M | -5.7M | -6.1M | -10M | -28.2M | -17.5M |
| Operating margin | — | — | -548.7% | -235.2% | -1.3K% | -408.5% |
| Non-operating income, net | 3M | -10M | 15.4K | 1.5M | 39.1M | -96K |
| Pretax income | -1.2M | -15.7M | -5.9M | -7.6M | 12M | -17M |
| Income tax | 40.1K | 0 | 0 | 127.9K | 2.1K | 11K |
| Net income | -1.3M | -15.7M | -5.9M | -7.7M | 11.6M | -21.3M |
| Net margin | — | — | -526.9% | -182.2% | 522.5% | -496.6% |
| EBITDA | -7.2M | 4.3M | -6M | -11.2M | -26.6M | -16.8M |
| EPS | -0.09 | -1.78 | -0.63 | -0.86 | 1.31 | -2.12 |
| Diluted EPS | -0.09 | -1.78 | -0.63 | -0.86 | 1.31 | -2.12 |
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 | 1.3M | 0 | 917.2K | 2.1M | 0 | 0 | 2.1M | 2.9M | 1M |
| Cost of revenue | 1.3M | 5.4M | 4.9M | 5.1M | 5.2M | 4.9M | 4.3M | 3.8M | 3.3M | 3.5M | 3.3M | 3.4M |
| Gross profit | -1.3M | -5.4M | -4.9M | -3.8M | -5.2M | -4M | -2.2M | -3.8M | -3.3M | -1.4M | -471K | -2.4M |
| Gross margin | — | — | — | -293.2% | — | -430.8% | -102.6% | — | — | -63.3% | -16.5% | -240.8% |
| Research & development | 27.9K | 461.1K | 277.6K | 237.4K | 723.5K | 229.4K | 0 | 0 | 0 | 0 | 0 | — |
| Selling, general & administrative | 884.1K | 1.3M | 1.8M | 1.7M | 1.7M | 2.5M | 1.9M | 1.2M | 1.2M | 1.4M | 1.7M | 1.6M |
| Operating expenses | 1.2M | 1.9M | 2.3M | 2.2M | 2.8M | 3M | 2.3M | 1.4M | 1.7M | 1.5M | 2M | 1.9M |
| Operating income | -2.5M | -7.3M | -7.2M | -6M | -8M | -6.9M | -4.4M | -5.2M | -5M | -2.9M | -2.4M | -4.3M |
| Operating margin | — | — | — | -462.2% | — | -755.8% | -207.8% | — | — | -133.8% | -85% | -428.3% |
| Non-operating income, net | -786.9K | 756.7K | -747.3K | 899.5K | -718.5K | 39.6M | -1.5M | -2.1M | 1.2M | 2.2M | -3.3M | -3.2M |
| Pretax income | -3.1M | -6.2M | -7.6M | -4.8M | -8.4M | 32.9M | -5.7M | -7.1M | -3.6M | -513.1K | -5.6M | -7.4M |
| Income tax | 63.6K | -256.2K | 0 | 2.1K | 0 | 0 | 0 | 0 | 0 | 11K | 0 | 0 |
| Net income | -3.2M | -6M | -7.6M | -4.8M | -8.4M | 32.5M | -6.6M | -8.2M | -4.7M | -1.8M | -6.7M | -9.3M |
| Net margin | — | — | — | -368.7% | — | 3.5K% | -308.5% | — | — | -82.1% | -235.4% | -929.1% |
| EBITDA | -1.7M | -8M | -6.4M | -6.9M | -7.3M | -6.1M | -3M | -3M | -6.2M | -4.6M | 830K | -1.1M |
| EPS | -0.49 | — | -0.78 | -0.46 | -0.83 | — | -0.66 | -0.83 | -0.46 | — | -0.66 | -0.89 |
| Diluted EPS | -0.49 | — | -0.78 | -0.46 | -0.83 | — | -0.66 | -0.83 | -0.46 | — | -0.66 | -0.9 |
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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Market cap | — | — | — | 93.4M | — | 32.5M | 26.8M |
| Enterprise value | — | — | — | 89.7M | — | 19.9M | 16.2M |
| Shares outstanding | 8.5M | 8.5M | 8.5M | 8.1M | 9.4M | 10M | 10M |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | 2.05 |
| P/S | — | — | — | 22.1 | — | 7.6 | 4.69 |
| P/B | — | — | — | 2.5 | — | 0.54 | 0.52 |
| EV/EBITDA | — | — | — | -8 | — | -1.19 | -0.97 |
| EV/Sales | — | — | — | 21.2 | — | 4.65 | 2.96 |
| Earnings yield | — | — | — | — | — | — | 48.8% |
| FCF yield | — | — | — | -8.13% | — | -17.6% | -79.2% |
| PEG | — | — | — | — | — | — | 0.28 |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Gross margin | — | — | -153.2% | -103.8% | -803.2% | -249.6% | -240.8% |
| Operating margin | — | — | -548.7% | -235.2% | -1.3K% | -408.5% | 1.1K% |
| Net margin | — | — | -526.9% | -182.2% | 522.5% | -496.6% | -249.6% |
| ROE | -5.17% | -231.8% | -25.4% | -20.7% | 16.6% | -35.1% | -40.4% |
| ROA | -4.56% | -190% | -22.9% | -17.9% | 16.1% | -33.4% | -39.3% |
| ROIC | -34.4% | -455.4% | -31.2% | -29.6% | -55.9% | -36.5% | -36% |
| Return on tangible assets | -4.56% | -190% | -22.9% | -17.9% | 16.1% | -33.4% | -44.3% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Current ratio | 16.2 | 8.92 | 5.2 | 2.78 | 19.8 | 7.1 | 15.3 |
| Quick ratio | 16.2 | 8.92 | 5.2 | 2.78 | 19.8 | 7.1 | 18.8 |
| Debt / equity | 0.01 | 0.11 | 0.06 | 0.06 | 0.01 | 0.01 | 0.01 |
| Debt / assets | 0.01 | 0.09 | 0.06 | 0.06 | 0.01 | 0.01 | 0.01 |
| Net debt / EBITDA | 1.69 | -1.29 | 0.59 | 0.33 | 0.74 | 0.75 | 0.81 |
| Interest coverage | — | — | — | — | 168.9 | — | — |
| Effective tax rate | 0% | 0% | 0% | 0% | 0.02% | 0% | 0% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 0.13 | 0.52 | 0.24 | 0.43 | 0.54 |
| EPS (basic) | -0.09 | -1.78 | -0.63 | -0.86 | 1.31 | -2.12 | -2.12 |
| EPS (diluted) | -0.09 | -1.78 | -0.63 | -0.86 | 1.31 | -2.12 | -2.18 |
| Book value per share | 2.91 | 0.8 | 2.73 | 4.61 | 7.44 | 6.04 | 4.75 |
| FCF per share | 1.12 | -0.74 | -0.8 | -0.94 | -0.96 | -0.57 | -0.76 |
| Cash per share | 1.47 | 0.74 | 0.59 | 0.75 | 2.17 | 1.32 | 0.95 |
| Capex per share | 0.01 | 0.05 | 0.02 | 0.05 | 0.06 | — | — |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Capex / revenue | — | — | 17.3% | 10.4% | 24.6% | — | — |
| Capex / operating cash flow | 0.57% | -3.75% | -2.88% | -10.6% | 1.66% | — | — |
| Payout ratio | — | 0% | -46.4% | 0% | — | — | 0% |
| Dividend yield | — | — | — | 0% | — | — | — |
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $0 | $0 | $0 | $1.3M | $0 | $917.2K | $2.1M | $0 | $0 | $2.1M | $2.9M | $1M |
| YoY change | 0% | -100% | 0% | -69.2% | 0% | +InfinityT% | +InfinityT% | -100% | 0% | +133.5% | +33.7% | +InfinityT% |
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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Cash & short-term investments | 12.5M | 6.2M | 5M | 6.1M | 20.4M | 13.2M |
| Receivables | — | — | — | — | — | 124K |
| Inventory | — | — | — | — | — | — |
| Total current assets | 12.7M | 6.8M | 6.1M | 9M | 23.6M | 18.1M |
| Property, plant & equipment | 215.2K | 1.3M | 2M | 3.2M | 731.8K | 664K |
| Goodwill & intangibles | — | — | — | — | — | — |
| Total assets | 27.9M | 8.2M | 25.7M | 43M | 72M | 63.7M |
| Accounts payable | 447.7K | 576.5K | 698.8K | 578.2K | 1.1M | 2.5M |
| Short-term debt | — | — | — | — | — | — |
| Total current liabilities | 782.3K | 767.3K | 1.2M | 3.2M | 1.2M | 2.6M |
| Long-term debt | 251.3K | 720.6K | 1.4M | 2.4M | 711.5K | 609K |
| Total liabilities | 3.3M | 1.5M | 2.6M | 5.7M | 1.9M | 3.2M |
| Shareholders' equity | 24.6M | 6.8M | 23.1M | 37.3M | 70.1M | 60.6M |
| Total debt | 251.3K | 720.6K | 1.4M | 2.4M | 711.5K | 609K |
| Net debt | -12.2M | -5.5M | -3.5M | -3.7M | -19.7M | -12.6M |
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 | 24.4M | 6.1M | 5.5M | 17.5M | 16.7M | 20.4M | 19.6M | 17.1M | 15.1M | 13.2M | 12.2M | 9.6M |
| Receivables | — | — | — | — | — | — | — | 253.2K | 188.1K | 124K | 185K | 205K |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 27.7M | 9M | 10.8M | 22.7M | 19.8M | 23.6M | 21.6M | 19.8M | 17.7M | 18.1M | 15.1M | 13.2M |
| Property, plant & equipment | 3M | 3.2M | 3.2M | 3.1M | 2.9M | 731.8K | 703.2K | 674.1K | 670.2K | 664K | 703K | 688K |
| Goodwill & intangibles | -67.5K | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 43.5M | 43M | 40.9M | 37.7M | 34.2M | 72M | 68.6M | 63.5M | 61.5M | 63.7M | 57.5M | 50.8M |
| Accounts payable | 1M | 578.2K | 2M | 1.6M | 3.4M | 1.1M | 748.9K | 969.3K | 1.2M | 2.5M | 600K | 653K |
| Short-term debt | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | 1.7M | 3.2M | 5.1M | 2.9M | 3.8M | 1.2M | 953.2K | 1.1M | 1.2M | 2.6M | 658K | 703K |
| Long-term debt | 2.2M | 2.4M | 2.3M | 2.3M | 2.2M | 711.5K | 686.9K | 661.7K | 635.4K | 609K | 581K | 553K |
| Total liabilities | 4.1M | 5.7M | 7.4M | 5.1M | 6M | 1.9M | 1.6M | 1.7M | 1.9M | 3.2M | 1.2M | 1.3M |
| Shareholders' equity | 39.3M | 37.3M | 33.5M | 32.6M | 28.2M | 70.1M | 67M | 61.8M | 59.6M | 60.6M | 56.2M | 49.5M |
| Total debt | 2.2M | 2.4M | 2.3M | 2.3M | 2.2M | 711.5K | 686.9K | 661.7K | 635.4K | 609K | 581K | 553K |
| Net debt | -22.2M | -3.7M | -3.2M | -15.3M | -14.5M | -19.7M | -18.9M | -16.4M | -14.5M | -12.6M | -11.6M | -9M |
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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Net income | -1.3M | -15.7M | -5.9M | -7.7M | 11.6M | -21.3M |
| Depreciation & amortization | 46.5K | 48.2K | 147.8K | 196.9K | 229.9K | 22K |
| Stock-based compensation | 0 | 200.7K | 218.4K | 4.4M | 14.4M | 11.8M |
| Change in working capital | 292.5K | -77K | -165K | -229K | -166.4K | 1.2M |
| Operating cash flow | 10.9M | -11.3M | -6.7M | -4.1M | 33M | -5.7M |
| Capital expenditure | -62.1K | -423.4K | -193.3K | -438.8K | 546.1K | — |
| Investing cash flow | -62.1K | -423.4K | -16.4M | -8.2M | 22.9M | 0 |
| Dividends paid | — | 0 | -2.7M | 0 | — | — |
| Share repurchases | — | — | — | — | — | — |
| Financing cash flow | 251K | 0 | 21.7M | 17.8M | 69.3K | — |
| Net change in cash | 11.1M | -11.7M | -1.4M | 5.4M | 55.9M | -5.7M |
| Free cash flow | 9.4M | -6.3M | -6.8M | -7.6M | -9M | -5.7M |
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 | -6M | -7.6M | -4.8M | -8.4M | 32.5M | -6.6M | -8.2M | -4.7M | -1.8M | -6.7M | -9.3M |
| Depreciation & amortization | 49.7K | 59K | 62.8K | 68.1K | 0 | 99K | 5.7K | 5.3K | 6K | 5K | 5K | 6K |
| Stock-based compensation | 349.4K | 4M | 3.8M | 3.8M | 4.1M | 2.7M | 3.5M | 3M | 2.5M | 2.7M | 2.4M | 2.6M |
| Change in working capital | 811.1K | -681K | 546.1K | 3.6K | 966.2K | -1.7M | 350.4K | -238K | 292.6K | 751.4K | -1.9M | 18K |
| Operating cash flow | -1.9M | -2.8M | -3.2M | -920.8K | -3.4M | 40.6M | -2.8M | -2.1M | -1.9M | -360.4K | -2.9M | -2.6M |
| Capital expenditure | -311.9K | -83.2K | -143.2K | -31.6K | 74.5K | 646.3K | 0 | — | — | — | — | — |
| Investing cash flow | 7.3M | -17M | 3.4M | 16.4M | 150.2K | 5.6M | 0 | 0 | 0 | 0 | — | — |
| Dividends paid | — | 0 | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 18.2M | -69.3K | -91.5K | -190.7K | -235.9K | 587.4K | — | — | — | — | — | — |
| Net change in cash | 23.6M | -19.8M | 106.1K | 15.3M | -3.5M | 46.7M | -2.8M | -2.1M | -1.9M | -360.4K | -2.9M | -2.6M |
| Free cash flow | -1.8M | -2.1M | -2.4M | -4.2M | -2.1M | -316.8K | -1.3M | -2.1M | -1.9M | -383.7K | -3M | -2.6M |