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 | -$0.06 | -$0.05 | +16.7% | — | $458.4K | — |
| Q1 26 | -$0.06 | -$0.05 | +16.7% | — | $187K | — |
| Q4 25 | -$0.09 | -$0.05 | +44.4% | — | $151.7K | — |
| Q3 25 | -$0.12 | -$0.06 | +50.0% | — | $123.3K | — |
| Q2 25 | -$0.12 | -$0.07 | +41.7% | — | — | — |
| Q1 25 | -$0.14 | -$0.06 | +57.1% | — | — | — |
| Q4 24 | -$0.05 | -$0.06 | -20.0% | — | $0 | — |
| Q3 24 | -$0.06 | -$0.06 | 0.0% | — | — | — |
| Q2 24 | -$0.06 | -$0.05 | +16.7% | — | — | — |
| Q1 24 | -$0.05 | -$0.06 | -20.0% | — | — | — |
| Q4 23 | -$0.08 | -$0.04 | +50.0% | — | $0 | — |
| Q3 23 | -$0.08 | -$0.01 | +87.5% | — | — | — |
| Q2 23 | -$0.07 | -$0.06 | +14.3% | — | $0 | — |
| Q1 23 | -$0.07 | -$0.06 | +14.3% | — | $0 | — |
| Q4 22 | — | -$0.06 | — | — | $0 | — |
| Q3 22 | -$0.09 | -$0.07 | +22.2% | — | $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 | — | -$0.24 | — | — | $409.7K | — |
| FY24 | — | -$0.23 | — | — | $0 | — |
| FY23 | — | -$0.17 | — | — | $1M | — |
| FY22 | — | -$0.29 | — | — | $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 | $4M | $0 | $1M | $0 | $409.7K |
| YoY change | 0% | 0% | 0% | 0% | 0% | +InfinityT% | -100% | +InfinityT% | -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 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 4M | 0 | 1M | 0 | 409.7K |
| Cost of revenue | — | — | — | — | — | — | — | — | — | 378.6K |
| Gross profit | — | — | — | — | — | — | — | — | — | 31.1K |
| Gross margin | — | — | — | — | — | — | — | — | — | 7.58% |
| Research & development | 3.5M | 4.2M | 5.6M | 6.1M | 7.5M | 8.5M | 9.1M | 5.7M | 7.2M | 7.2M |
| Selling, general & administrative | 7.4M | 8.8M | 10M | 8M | 6.7M | 5.7M | 5.5M | 5.2M | 5.5M | 6.2M |
| Operating expenses | 10.9M | 13M | 15.6M | 14M | 14.2M | 14.3M | 14.6M | 10.9M | 12.7M | 13.3M |
| Operating income | -10.9M | -13M | -15.6M | -14M | -14.2M | -10.2M | -14.6M | -9.9M | -12.7M | -13.3M |
| Operating margin | — | — | — | — | — | -253% | — | -990% | — | -3.2K% |
| Non-operating income, net | -47K | -25.6K | -22.9K | -46.2K | -38.4K | -59.5K | -247.3K | -502.9K | -39.5K | -12.8K |
| Pretax income | -10.9M | -12.9M | -14.7M | -12.9M | -13.9M | -10.1M | -14.1M | -8.6M | -11M | -12M |
| Income tax | 3.8K | -1.7M | 5.3K | 12.7K | -1.6K | 2.6K | 2.8K | 3K | 5.5K | 6K |
| Net income | -10.9M | -11.2M | -14.7M | -12.9M | -13.9M | -10.1M | -14.1M | -8.6M | -11M | -12M |
| Net margin | — | — | — | — | — | -251% | — | -857.2% | — | -2.9K% |
| EBITDA | -10.9M | -13M | -15.6M | -14M | -14.2M | -10.2M | -14.6M | -9.9M | -12.7M | -13.3M |
| EPS | -0.33 | -0.32 | -0.36 | -0.3 | -0.31 | -0.21 | -0.29 | -0.17 | -0.23 | -0.24 |
| Diluted EPS | -0.33 | -0.32 | -0.36 | -0.3 | -0.31 | -0.21 | -0.29 | -0.17 | -0.23 | -0.24 |
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 | — | — | 123.3K | 151.7K | 187K | 458.4K |
| Cost of revenue | — | — | — | — | — | — | — | — | 115.3K | 147K | 170.1K | 140.7K |
| Gross profit | — | — | — | — | — | — | — | — | 8K | 4.8K | 16.9K | 317.8K |
| Gross margin | — | — | — | — | — | — | — | — | 6.53% | 3.13% | 9.03% | 69.3% |
| Research & development | — | 1.7M | — | — | — | 1.9M | — | — | 1.6M | 1.5M | 1.3M | 1M |
| Selling, general & administrative | — | 839.3K | — | — | — | 1.3M | — | — | 1.8M | 1.6M | 1.6M | 1.8M |
| Operating expenses | — | 2.5M | — | — | — | 3.2M | — | — | 3.4M | 3.1M | 2.9M | 2.9M |
| Operating income | — | -2.5M | — | — | — | -3.2M | — | — | -3.4M | -3.1M | -2.8M | -2.5M |
| Operating margin | — | — | — | — | — | — | — | — | -2.7K% | -2K% | -1.5K% | -554.3% |
| Non-operating income, net | — | -2.2K | — | — | — | -15.5K | — | — | -10.2K | -5.8K | -3.4K | -4.9K |
| Pretax income | — | -2.1M | — | — | — | -2.8M | — | — | -3.1M | -2.8M | -2.6M | -2.3M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — |
| Net income | — | -2.1M | — | — | — | -2.8M | — | — | -3.1M | -2.8M | -2.6M | -2.3M |
| Net margin | — | — | — | — | — | — | — | — | -2.5K% | -1.8K% | -1.4K% | -504.8% |
| EBITDA | — | -2.5M | — | — | — | -3.2M | — | — | -3.4M | -3.1M | -2.8M | -2.5M |
| EPS | -0.01 | — | -0.06 | -0.05 | -0.06 | — | -0.06 | -0.07 | -0.06 | — | -0.05 | -0.05 |
| Diluted EPS | -0.01 | — | -0.06 | -0.05 | -0.06 | — | -0.06 | -0.07 | -0.06 | — | -0.05 | -0.05 |
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 | — | 227.3M | — | 290.9M | 233.6M | 130.2M | 100.5M | 73.6M | 103M | 64.3M | 103.4M |
| Enterprise value | — | 199.3M | — | 227.1M | 173.8M | 58.9M | 42.2M | 22.8M | 62.8M | 33.7M | 101.7M |
| Shares outstanding | 33M | 35.1M | 41.1M | 43.2M | 44.4M | 48.6M | 49M | 49M | 49M | 49.1M | 49.1M |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | — | — | — | -8.62 |
| P/S | — | — | — | — | — | 32.3 | — | 73.6 | — | 156.9 | 138 |
| P/B | — | 5.88 | — | 3.88 | 3.28 | 1.56 | 1.43 | 1.18 | 1.96 | 1.55 | 3.41 |
| EV/EBITDA | — | -15.3 | — | -16.2 | -12.3 | -5.78 | -2.89 | -2.31 | -4.97 | -2.54 | -8.6 |
| EV/Sales | — | — | — | — | — | 14.6 | — | 22.8 | — | 82.2 | 110.5 |
| Earnings yield | — | — | — | — | — | — | — | — | — | — | -11.6% |
| FCF yield | — | -3.05% | — | -3.14% | -4.65% | -7.23% | -12.8% | -10.1% | -10.3% | -15.3% | -5.55% |
| PEG | — | — | — | — | — | — | — | — | — | — | 0.3 |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin | — | — | — | — | — | — | — | — | — | 7.58% | 69.3% |
| Operating margin | — | — | — | — | — | -253% | — | -990% | — | -3.2K% | -554.3% |
| Net margin | — | — | — | — | — | -251% | — | -857.2% | — | -2.9K% | 7.58% |
| ROE | -31.5% | -28.9% | -20.1% | -17.3% | -19.4% | -12.1% | -20% | -13.7% | -21% | -28.9% | -25.6% |
| ROA | -27.3% | -25.7% | -19% | -16.3% | -18.4% | -11.6% | -19% | -12.9% | -19.8% | -26.3% | -16.4% |
| ROIC | -104.5% | -122.3% | -144.4% | -126.4% | -123.6% | -82.5% | -122.8% | -85.4% | -102.7% | -121% | -121% |
| Return on tangible assets | -98.7% | -76.4% | -30.3% | -25.7% | -29.7% | -17.3% | -31% | -22.9% | -40.8% | -71.4% | -92.4% |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 15.2 | 9.83 | 28.6 | 28.9 | 27.7 | 25.4 | 18.5 | 15.6 | 13.9 | 8.16 | 8.75 |
| Quick ratio | 15.2 | 9.83 | 28.6 | 28.9 | 27.7 | 25.4 | 18.5 | 15.6 | 13.9 | 8.16 | 8.75 |
| Debt / equity | — | — | — | — | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt / assets | — | — | — | — | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net debt / EBITDA | — | — | — | — | 4.23 | 7 | 3.99 | 5.14 | 3.17 | 2.31 | 2.14 |
| Interest coverage | -24K | -43.7K | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 0 | 0 | 0 | 0.08 | 0 | 0.02 | 0 | 0.01 | 0.02 |
| EPS (basic) | -0.33 | -0.32 | -0.36 | -0.3 | -0.31 | -0.21 | -0.29 | -0.17 | -0.23 | -0.24 | -0.24 |
| EPS (diluted) | -0.33 | -0.32 | -0.36 | -0.3 | -0.31 | -0.21 | -0.29 | -0.17 | -0.23 | -0.24 | -0.21 |
| Book value per share | 1.05 | 1.1 | 1.78 | 1.74 | 1.61 | 1.72 | 1.43 | 1.27 | 1.07 | 0.85 | 0.76 |
| FCF per share | -0.2 | -0.2 | -0.22 | -0.21 | -0.24 | -0.19 | -0.26 | -0.15 | -0.22 | -0.2 | -0.19 |
| Cash per share | 0.73 | 0.8 | 1.52 | 1.48 | 1.35 | 1.47 | 1.19 | 1.04 | 0.82 | 0.63 | 0.52 |
| Capex per share | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — | — |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Capex / revenue | — | — | — | — | — | 0.71% | — | 2.13% | — | — | — |
| Capex / operating cash flow | -1.28% | 0% | -0.11% | -0.12% | -0.34% | -0.3% | -0.04% | -0.26% | -0.01% | — | — |
| Payout ratio | — | — | — | — | — | — | — | — | — | — | 0% |
| — |
| FY21 | — | -$0.21 | — | — | $4M | — |
| FY20 | — | -$0.31 | — | — | $0 | — |
| FY19 | — | -$0.3 | — | — | $0 | — |
| FY18 | — | -$0.36 | — | — | $0 | — |
| FY17 | — | -$0.32 | — | — | $0 | — |
| FY16 | — | -$0.33 | — | — | $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 | — | — | $123.3K | $151.7K | $187K | $458.4K |
| YoY change | — | 0% | — | — | — | 0% | — | — | — | +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 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 24.1M | 28M | 62.3M | 63.8M | 60M | 71.4M | 58.5M | 51M | 40.4M | 30.8M |
| Receivables | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 24.7M | 28.3M | 62.8M | 64.3M | 60.7M | 72M | 59M | 51.2M | 41.1M | 31M |
| Property, plant & equipment | 90.7K | 62.9K | 53.1K | 40.5K | 226.6K | 881.8K | 674.8K | 621.2K | 382.4K | 192.6K |
| Goodwill & intangibles | 28.8M | 28.8M | 28.8M | 28.8M | 28.8M | 28.8M | 28.8M | 28.8M | 28.8M | 28.8M |
| Total assets | 39.8M | 43.4M | 77.2M | 79.2M | 75.4M | 87.4M | 74.2M | 66.3M | 55.9M | 45.6M |
| Accounts payable | 367.3K | 1.5M | 616.8K | 451.3K | 616.6K | 402.7K | 424.6K | 1M | 1.1M | 625K |
| Short-term debt | — | — | — | — | 186K | 132K | 157.5K | 215.9K | 193.8K | 194.3K |
| Total current liabilities | 1.6M | 2.9M | 2.2M | 2.2M | 2.2M | 2.8M | 3.2M | 3.3M | 3M | 3.8M |
| Long-term debt | — | — | — | — | — | — | — | — | — | — |
| Total liabilities | 5.3M | 4.8M | 4.1M | 4.3M | 4.1M | 3.7M | 3.9M | 3.9M | 3.4M | 4M |
| Shareholders' equity | 34.5M | 38.6M | 73.1M | 74.9M | 71.3M | 83.7M | 70.2M | 62.4M | 52.5M | 41.6M |
| Total debt | — | — | — | — | 186K | 132K | 157.5K | 215.9K | 193.8K | 194.3K |
| Net debt | — | — | — | — | -59.9M | -71.3M | -18.3M | -50.8M | -40.2M | -30.6M |
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 | 51.5M | — | 47.1M | 44.3M | 42.3M | — | 36.6M | 34.3M | 32.6M | 30.8M | 27.3M | 25.4M |
| Receivables | 1M | — | — | — | — | — | — | 134.6K | — | — | 245.1K | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 53M | — | 47.9M | 45.5M | 43.3M | — | 37.7M | 35.1M | 32.9M | 31M | 28.1M | 25.9M |
| Property, plant & equipment | 669.1K | — | 559.7K | 479K | 434.7K | — | 332.6K | 280.8K | 236.6K | 192.6K | 158.6K | 111.8K |
| Goodwill & intangibles | 28.8M | — | 28.8M | 28.8M | 28.8M | — | 28.8M | 28.8M | 28.8M | 28.8M | 28.8M | 28.8M |
| Total assets | 68.1M | — | 62.9M | 60.4M | 58.1M | — | 52.4M | 49.8M | 47.6M | 45.6M | 42.7M | 40.4M |
| Accounts payable | 736.9K | — | 804.8K | 667.7K | 708.2K | — | 718.9K | 569.4K | 746K | 625K | 852.4K | 950.5K |
| Short-term debt | 205.4K | — | 217.9K | 190K | 202K | — | 189.9K | 184.8K | 180.8K | 194.3K | 165.2K | 117K |
| Total current liabilities | 2.8M | — | 2.5M | 2.5M | 2.6M | — | 2.1M | 2.6M | 3.3M | 3.8M | 3.1M | 3M |
| Long-term debt | 463.8K | — | — | — | — | — | — | 117K | — | — | — | — |
| Total liabilities | 3.5M | — | 3.1M | 3M | 3.1M | — | 2.5M | 3M | 3.6M | 4M | 3.3M | 3.2M |
| Shareholders' equity | 64.7M | — | 59.8M | 57.4M | 55.1M | — | 49.9M | 46.9M | 44M | 41.6M | 39.4M | 37.3M |
| Total debt | 669.2K | — | 217.9K | 190K | 202K | — | 189.9K | 301.9K | 180.8K | 194.3K | 165.2K | 117K |
| Net debt | -50.8M | — | -46.9M | -44.1M | -42.1M | — | -36.4M | -34M | -32.4M | -30.6M | -27.2M | -25.3M |
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 | -10.9M | -11.2M | -14.7M | -12.9M | -13.9M | -10.1M | -14.1M | -8.6M | -11M | -12M |
| Depreciation & amortization | 14.1K | 28.1K | 25.9K | 23.9K | 21.3K | 26.1K | 17.7K | 20.3K | 21.1K | 20.1K |
| Stock-based compensation | 4M | 4.5M | 6.3M | 4.1M | 3.2M | 1.7M | 642.5K | 710.7K | 1.2M | 829.1K |
| Change in working capital | 302.9K | -265.5K | -775.4K | -319.9K | -224.3K | -1.3M | 183.5K | -175.6K | -488.6K | 635K |
| Operating cash flow | -6.6M | -6.9M | -9.1M | -9.1M | -10.7M | -9.4M | -13.2M | -8.2M | -10.2M | -9.8M |
| Capital expenditure | -84.5K | 0 | -10.2K | -11.3K | -36.5K | -28.7K | -5K | -21.3K | -697 | — |
| Investing cash flow | -84.5K | 0 | 626.3K | -11.3K | -36.5K | -28.7K | -40M | 39.9M | -697 | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 8.6M | 10.7M | 42.8M | 10.6M | 7.1M | 20.8M | 7.9K | 0 | — | 244K |
| Net change in cash | 1.9M | 3.8M | 34.3M | 1.5M | -3.6M | 11.3M | -53.2M | 31.7M | -10.2M | -9.6M |
| Free cash flow | -6.6M | -6.9M | -9.1M | -9.1M | -10.9M | -9.4M | -12.9M | -7.5M | -10.6M | -9.8M |
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 | 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 | -723.1K | -2.1M | -2.8M | -2.6M | -2.9M | -2.8M | -2.9M | -3.3M | -3.1M | -2.8M | -2.6M | -2.3M |
| Depreciation & amortization | 5.7K | 5.5K | 5.3K | 5.4K | 5.2K | 5.2K | 5.2K | 5.1K | 5.3K | 4.6K | 4.3K | 5K |
| Stock-based compensation | 219.1K | -237.4K | 215.4K | 207.5K | 504.9K | 264K | 285.9K | — | — | — | — | 176.8K |
| Change in working capital | -76.6K | 428.4K | -832.2K | -36K | 75K | 304.6K | -864.2K | 338.8K | 116.7K | 387.2K | -968.4K | 104.7K |
| Operating cash flow | -527.3K | -2.2M | -3.3M | -1M | -2.2M | -2.2M | -3.4M | -2.3M | -1.7M | -2M | -3.5M | -1.9M |
| Capital expenditure | -2.7K | 22 | — | — | 193 | 1 | — | — | — | — | — | — |
| Investing cash flow | -2.7K | 22 | 0 | 0 | 193 | 1 | — | — | — | — | — | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 0 | 0 | — | — | — | — | — | — | — | — | — | — |
| Net change in cash | -530.1K | -2.2M | -3.3M | -1M | -2.2M | -2.2M | -3.4M | -2.3M | -1.7M | -2M | -3.5M | -1.9M |
| Free cash flow | -1.4M | -499K | -3.9M | -2.8M | -2M | -1.9M | -3.8M | -2.3M | -1.7M | -2M | -3.5M | -1.9M |