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 | -$0.19 | -$0.21 | -10.5% | — | $559K | — |
| Q1 26 | $0.19 | -$0.2 | -205.3% | — | $238K | — |
| Q3 25 | -$0.17 | -$0.12 | +29.4% | — | $0 | — |
| Q2 25 | -$0.18 | -$0.2 | -11.1% | — | $0 | — |
| Q1 25 | -$0.19 | -$0.31 | -63.2% | — | — | — |
| Q4 24 | -$0.15 | -$0.19 | -26.7% | — | — | — |
| Q3 24 | -$0.18 | -$0.14 | +22.2% | — | — | — |
| Q2 24 | -$0.2 | -$0.14 | +30.0% | — | — | — |
| Q1 24 | -$0.27 | -$0.21 | +22.2% | — | — | — |
| Q4 23 | -$0.32 | -$0.32 | 0.0% | — | — | — |
| Q3 23 | -$0.39 | -$0.35 | +10.3% | — | — | — |
| Q2 23 | -$0.39 | -$0.37 | +5.1% | — | $0 | — |
| Q1 23 | -$0.39 | -$0.35 | +10.3% | — | $1M | — |
| Q4 22 | -$0.31 | -$0.31 | 0.0% | — | $3.5M | — |
| Q3 22 | -$0.41 | -$0.34 | +17.1% | — | $1.5M | — |
| Q2 22 | -$0.36 | -$0.39 | -8.3% | — | $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 | — | -$0.75 | — | — | $1.5M | — |
| FY24 | — | -$0.67 | — | — | $0 | — |
| FY23 | — | -$1.39 | — | — | $1M | — |
| FY22 | — | -$1.38 | — | — | $5M | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $15M | $5M | $1M | $0 | $1.5M |
| YoY change | — | 0% | 0% | 0% | +InfinityT% | -66.7% | -80% | -100% | +InfinityT% |
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 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 15M | 5M | 1M | 0 | 1.5M |
| Cost of revenue | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — |
| Research & development | 5.6M | 16.8M | 42M | 34.5M | 38.7M | 39.8M | 31.1M | 14.4M | 18.1M |
| Selling, general & administrative | 2.6M | 7M | 15.9M | 16.2M | 19.4M | 24.8M | 31M | 27.7M | 45.6M |
| Operating expenses | 9.4M | 27.7M | 66.8M | 50.7M | 58.1M | 64.6M | 62.1M | 42.1M | 63.7M |
| Operating income | -8.3M | -23.8M | -57.9M | -50.7M | -43.1M | -59.6M | -61.1M | -42.1M | -62.1M |
| Operating margin | — | — | — | — | -287.2% | -1.2K% | -6.1K% | — | -4K% |
| Non-operating income, net | — | — | — | — | — | — | — | — | — |
| Pretax income | -8.1M | -23.1M | -55.3M | -50M | -42.9M | -58.4M | -59.7M | -41.5M | -63.1M |
| Income tax | 4K | 74K | -56K | -17K | 0 | — | — | — | — |
| Net income | -8.1M | -23.2M | -55.2M | -50M | -42.9M | -58.4M | -59.7M | -41.5M | -63.1M |
| Net margin | — | — | — | — | -285.7% | -1.2K% | -6K% | — | -4.1K% |
| EBITDA | -8.3M | -23.8M | -57.8M | -50.6M | -43M | -58.3M | -57M | -37.8M | -59.1M |
| EPS | -0.34 | -0.98 | -3.5 | -1.7 | -1.02 | -1.38 | -1.39 | -0.67 | -0.75 |
| Diluted EPS | -0.34 | -0.98 | -3.5 | -1.7 | -1.02 | -1.38 | -1.39 | -0.67 | -0.75 |
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 | 1.5M | 238K | 559K |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — | 14K | 32K |
| Gross profit | — | — | — | — | — | — | — | — | — | — | 224K | 527K |
| Gross margin | — | — | — | — | — | — | — | — | — | — | 94.1% | 94.3% |
| Research & development | — | — | — | — | — | — | — | 3.7M | 3.9M | 5.5M | 3.3M | 3.5M |
| Selling, general & administrative | — | — | — | — | — | — | — | 8.9M | 7.9M | 13.3M | 20.6M | 22.6M |
| Operating expenses | — | — | — | — | — | — | — | 12.5M | 11.8M | 18.8M | 23.9M | 26.2M |
| Operating income | — | — | — | — | — | — | — | -12.5M | -11.8M | -17.3M | -23.7M | -25.6M |
| Operating margin | — | — | — | — | — | — | — | — | — | -1.1K% | -9.9K% | -4.6K% |
| Non-operating income, net | — | — | — | — | — | — | — | — | — | — | — | — |
| Pretax income | — | — | — | — | — | — | — | -13M | -11.9M | -17.4M | -26.1M | -28.6M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — |
| Net income | — | — | — | — | — | — | — | -13M | -11.9M | -17.4M | -26.1M | -28.6M |
| Net margin | — | — | — | — | — | — | — | — | — | -1.1K% | -11K% | -5.1K% |
| EBITDA | -14.2M | -12.7M | -9.5M | -8.4M | -8.5M | -11.4M | -19.8M | -12M | -10.9M | -16.4M | -21.9M | -23.8M |
| EPS | -0.35 | — | -0.21 | -0.14 | -0.14 | — | -0.31 | -0.2 | -0.12 | — | -0.2 | -0.21 |
| Diluted EPS | -0.35 | — | -0.21 | -0.14 | -0.14 | — | -0.31 | -0.2 | -0.12 | — | -0.2 | -0.21 |
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 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| Market cap | — | — | — | — | — | 168.1M | 71.7M | — | — | 99M |
| Enterprise value | — | — | — | — | — | 106M | 57.5M | — | — | 82.3M |
| Shares outstanding | 23.6M | 23.6M | 15.8M | 29.3M | 41.8M | 42.5M | 43M | 62.2M | 83.9M | 83.9M |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | — | — | -1.05 |
| P/S | — | — | — | — | — | 33.6 | 71.7 | — | — | 41.9 |
| P/B | — | — | — | — | — | 2.53 | 4.28 | — | — | 6.11 |
| EV/EBITDA | — | — | — | — | — | -1.82 | -1.01 | — | — | -1.05 |
| EV/Sales | — | — | — | — | — | 21.2 | 57.5 | — | — | 35.1 |
| Earnings yield | — | — | — | — | — | — | — | — | — | -94.9% |
| FCF yield | — | — | — | — | — | -31.4% | -64.9% | — | — | -42.1% |
| PEG | — | — | — | — | — | — | — | — | — | -0.21 |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin | — | — | — | — | — | — | — | — | — | 94.3% |
| Operating margin | — | — | — | — | -287.2% | -1.2K% | -6.1K% | — | -4K% | -4.6K% |
| Net margin | — | — | — | — | -285.7% | -1.2K% | -6K% | — | -4.1K% | 0% |
| ROE | 24.4% | 42% | -48.1% | -34.9% | -38.1% | -88% | -355.9% | -315.8% | -151% | -35.5K% |
| ROA | -29.3% | -26.3% | -44.7% | -33.3% | -35.8% | -78.4% | -79.3% | -55% | -55.5% | -42.8% |
| ROIC | 13.8% | 16.9% | 1.3K% | -2.9K% | 5.1K% | — | — | — | — | — |
| Return on tangible assets | -29.3% | -26.3% | -44.7% | -33.3% | -35.8% | -78.4% | -79.3% | -55% | -55.5% | -46.3% |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 17.2 | 19.4 | 14.7 | 24.1 | 17.6 | 11.7 | 10.1 | 9.1 | 8.01 | 8.13 |
| Quick ratio | 17.2 | 19.4 | 14.7 | 24.1 | 17.6 | 11.7 | 10.1 | 9.1 | 7.96 | 7.92 |
| Debt / equity | — | 0 | 0 | 0.01 | 0.01 | 0.04 | 3.09 | 4.17 | 1.4 | 7.79 |
| Debt / assets | — | 0 | 0 | 0.01 | 0.01 | 0.03 | 0.69 | 0.73 | 0.51 | 0.33 |
| Net debt / EBITDA | — | 3.61 | 2.06 | 2.79 | 2.64 | 1.07 | 0.25 | 0.39 | 0.81 | 1.51 |
| Interest coverage | — | — | — | — | — | — | -22.4 | -10.6 | -15.4 | -6.77 |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | — | — | — | — | — |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 0 | 0 | 0.36 | 0.12 | 0.02 | 0 | 0.02 | 0.02 |
| EPS (basic) | -0.34 | -0.98 | -3.5 | -1.7 | -1.02 | -1.38 | -1.39 | -0.67 | -0.75 | -0.75 |
| EPS (diluted) | -0.34 | -0.98 | -3.5 | -1.7 | -1.02 | -1.38 | -1.39 | -0.67 | -0.75 | -0.65 |
| Book value per share | -1.4 | -2.33 | 7.28 | 4.88 | 2.69 | 1.56 | 0.39 | 0.21 | 0.5 | 0.13 |
| FCF per share | -0.34 | -0.89 | -3.27 | -1.73 | -0.79 | -1.24 | -1.08 | -0.46 | -0.59 | -0.44 |
| Cash per share | 1.14 | 3.64 | 7.59 | 4.85 | 2.73 | 1.52 | 1.54 | 1.12 | 1.26 | 1.21 |
| Capex per share | 0 | 0 | 0.03 | 0 | 0 | 0.01 | 0 | 0 | — | — |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| Capex / revenue | — | — | — | — | 0% | 5.44% | 11.2% | — | — | — |
| Capex / operating cash flow | -0.45% | -0.03% | -0.81% | 0% | 0% | -0.55% | -0.22% | -0.11% | — | — |
| Payout ratio | — | — | — | — | — | — | — | — | — | 0% |
| FY21 |
| — |
| -$1.02 |
| — |
| — |
| $15M |
| — |
| FY20 | — | -$1.7 | — | — | $0 | — |
| FY19 | — | -$3.5 | — | — | $0 | — |
| FY18 | — | -$0.98 | — | — | $0 | — |
| FY17 | — | -$0.34 | — | — | $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 | $1.5M | $238K | $559K |
| YoY change | — | — | — | — | — | — | — | — | — | — | — | +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 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 26.9M | 86M | 119.8M | 142.3M | 114.1M | 64.6M | 66M | 69.7M | 106M |
| Receivables | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | 648K |
| Total current assets | 27.6M | 88.1M | 122.5M | 148.7M | 118.9M | 71.8M | 73M | 73.9M | 111.9M |
| Property, plant & equipment | 35K | 30K | 929K | 1.3M | 926K | 2.7M | 2.2M | 1.6M | 1.6M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — |
| Total assets | 27.6M | 88.1M | 123.4M | 150M | 119.8M | 74.5M | 75.2M | 75.5M | 113.6M |
| Accounts payable | 819K | 2.6M | 4.4M | 4.6M | 4.4M | 2.3M | 4M | 1.9M | 5.6M |
| Short-term debt | — | — | 330K | 245K | 224K | 495K | 546K | 571K | 647K |
| Total current liabilities | 1.6M | 4.5M | 8.3M | 6.2M | 6.8M | 6.1M | 7.2M | 8.1M | 14M |
| Long-term debt | — | 0 | 184K | 696K | 474K | 2M | 51.2M | 54.2M | 57.7M |
| Total liabilities | 60.7M | 143.3M | 8.5M | 6.9M | 7.2M | 8.1M | 58.5M | 62.4M | 71.8M |
| Shareholders' equity | -33.1M | -55.2M | 114.9M | 143.1M | 112.6M | 66.3M | 16.8M | 13.1M | 41.8M |
| Total debt | — | 0 | 514K | 941K | 698K | 2.5M | 51.8M | 54.8M | 58.4M |
| Net debt | — | -85.9M | -119.3M | -71.4M | -113.4M | -5.1M | 38M | 29.5M | -14.7M |
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 | 75.7M | 66M | 89.5M | 83.3M | 76.4M | 69.7M | 56M | 43.4M | 82.6M | 106M | 184.2M | 170.6M |
| Receivables | — | — | — | — | — | — | — | — | — | — | 1.6M | 2.7M |
| Inventory | — | — | — | — | — | — | — | — | — | 648K | 1.8M | 4.7M |
| Total current assets | 84.8M | 73M | 94M | 87.4M | 81M | 73.9M | 60.5M | 46.2M | 86.7M | 111.9M | 192.3M | 180.3M |
| Property, plant & equipment | 2.3M | 2.2M | 2M | 1.9M | 1.7M | 1.6M | 1.4M | 1.2M | 1.1M | 1.6M | 1.5M | 1.3M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 87.1M | 75.2M | 96M | 89.2M | 82.7M | 75.5M | 61.9M | 47.4M | 87.8M | 113.6M | 193.7M | 181.6M |
| Accounts payable | 1.9M | 4M | 1.7M | 749K | 1.6M | 1.9M | 2.4M | 2.9M | 3.2M | 5.6M | 10M | 8.5M |
| Short-term debt | 530K | 546K | 555K | 567K | 582K | 571K | 542K | 515K | 483K | 647K | 659K | 670K |
| Total current liabilities | 8.1M | 7.2M | 4.1M | 4.6M | 5.3M | 8.1M | 13M | 9.3M | 10.5M | 14M | 20.9M | 22.2M |
| Long-term debt | 50.5M | 51.2M | 52M | 52.7M | 53.4M | 54.2M | 55M | 55.9M | 56.7M | 57.7M | 58.6M | 59.4M |
| Total liabilities | 58.6M | 58.5M | 56.1M | 57.3M | 58.7M | 62.4M | 68M | 65.2M | 67.2M | 71.8M | 157.7M | 163.4M |
| Shareholders' equity | 28.5M | 16.8M | 39.9M | 32M | 24M | 13.1M | -6.1M | -17.7M | 20.5M | 41.8M | 36M | 18.2M |
| Total debt | 51M | 51.8M | 52.5M | 53.3M | 54M | 54.8M | 55.6M | 56.4M | 57.2M | 58.4M | 59.2M | 60.1M |
| Net debt | 41.1M | 38M | 42.4M | 40M | 41.2M | 29.5M | 10.5M | 13.9M | 10.5M | -14.7M | -12.1M | -109.7M |
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 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|
| Net income | -8.1M | -23.2M | -55.2M | -50M | -42.9M | -58.4M | -59.7M | -41.5M | -63.1M |
| Depreciation & amortization | 8K | 10K | 38K | 97K | 93K | 89K | 92K | 105K | 114K |
| Stock-based compensation | 190K | 633K | 1.2M | 4.9M | 7.3M | 9M | 9.5M | 5.8M | 7.5M |
| Change in working capital | -75K | 2.7M | 3.3M | -2.3M | 491K | -649K | -2.6M | 1.4M | -1.8M |
| Operating cash flow | -8M | -19.8M | -50.7M | -47.2M | -35M | -49.9M | -50.1M | -30.6M | -49M |
| Capital expenditure | -36K | -5K | -413K | 0 | 0 | -272K | -112K | -33K | — |
| Investing cash flow | -16M | 16M | -384K | -70M | 70M | -57.1M | 4.8M | 8.3M | 11.5M |
| Dividends paid | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 30.7M | 79.3M | 85.4M | 24.9M | 0 | 2.6M | 47.2M | 27.3M | 51M |
| Net change in cash | 6.7M | 75.5M | 34.3M | -92.3M | 35M | -104.4M | 1.8M | 4.9M | 13.5M |
| Free cash flow | -8.1M | -21.1M | -51.6M | -50.7M | -33.2M | -52.7M | -46.5M | -28.9M | -49.3M |
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 | -15.1M | -13.6M | -10.4M | -9.4M | -9.4M | -12.4M | -20.8M | -13M | -11.9M | -17.4M | -26.1M | -28.6M |
| Depreciation & amortization | 24K | 26K | 28K | 26K | 25K | 26K | 27K | 28K | 25K | 34K | 56K | 57K |
| Stock-based compensation | 2.9M | 1.9M | 1.5M | 1.4M | 1.4M | 1.5M | 1.4M | 1.3M | 1.3M | 3.6M | 1.3M | 1.3M |
| Change in working capital | -525K | -1.7M | -1.7M | -273K | 342K | -343K | 5.1M | 158K | 487K | -2M | 2.1M | -2.8M |
| Operating cash flow | -11.9M | -12.6M | -9.7M | -7.3M | -6.8M | -10.3M | -13.4M | -12.6M | -9.7M | -12.8M | -16.1M | -22.7M |
| Capital expenditure | -18K | -31K | 0 | -7K | -4K | -22K | -6K | — | — | — | — | — |
| Investing cash flow | -10.9M | 13.7M | -27M | 9.5M | 6.5M | 19.3M | 33.6M | 10M | -35M | 3M | -80M | 112M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 0 | -8K | 27.5M | -280K | 0 | 0 | 0 | 0 | 46.1M | 4.9M | 85.9M | -11K |
| Net change in cash | -22.7M | 1.1M | -9.1M | 1.9M | -289K | 9M | 20.2M | -2.6M | 1.3M | -4.8M | -10.2M | 89.3M |
| Free cash flow | -12.2M | -9.8M | -8.9M | -6.1M | -7M | -6.9M | -14M | -12.6M | -9.8M | -13.1M | -16.1M | -22.7M |