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 % |
|---|---|---|---|---|---|---|
| Q3 23 | -$7.09 | -$7.2 | -1.6% | — | $339K | — |
| Q2 23 | -$0.17 | -$0.2 | -17.6% | — | $1.7M | — |
| Q1 23 | -$0.23 | -$0.24 | -4.3% | — | $22K | — |
| Q4 22 | -$0.28 | -$0.25 | +10.7% | — | $120K | — |
| Q3 22 | — | -$0.26 | — | — | $129K | — |
| Q2 22 | — | -$0.28 | — | — | $50K | — |
| Q1 22 | — | -$0.34 | — | — | $0 | — |
| Q4 21 | -$0.24 | -$0.05 | +79.2% | — | $0 | — |
| Q3 21 | — | -$0.09 | — | — | $200K | — |
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 | — | -$49.1 | — | — | $1.1M | — |
| FY24 | — | -$413.9 | — | — | $2.1M | — |
| FY23 | — | -$23.1 | — | — | $3.1M | — |
| FY22 | — | -$58.5 | — | — | $299K | — |
| FY21 | — | $92.5 | — |
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 | $365K | $330K | $299K | $3.1M | $2.1M | $1.1M |
| YoY change | — | -9.59% | -9.39% | +933.1% | -31.6% | -47.5% |
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 | 365K | 330K | 299K | 3.1M | 2.1M | 1.1M |
| Cost of revenue | 368K | -135K | 26K | 855K | 66K | 2K |
| Gross profit | -3K | 465K | 273K | 2.2M | 2M | 1.1M |
| Gross margin | -0.82% | 140.9% | 91.3% | 72.3% | 96.9% | 99.8% |
| Research & development | 22.7M | 51.3M | 41.7M | 34.4M | 9.8M | 9.2M |
| Selling, general & administrative | 11.9M | 48.9M | 49.8M | 36.1M | 21.9M | 19.2M |
| Operating expenses | 34.7M | 100.2M | 91.5M | 70.4M | 31.7M | 28.4M |
| Operating income | -34.7M | -99.8M | -91.3M | -68.2M | -29.7M | -27.3M |
| Operating margin | -9.5K% | -30.2K% | -30.5K% | -2.2K% | -1.4K% | -2.5K% |
| Non-operating income, net | -271.9M | 234.6M | 571K | 364K | -4.9M | -2.6M |
| Pretax income | -307M | 120.7M | -95.4M | -68.9M | -34.9M | -30.5M |
| Income tax | 1K | 2K | 0 | — | — | — |
| Net income | -307M | 120.7M | -95.4M | -68.9M | -34.9M | -30.6M |
| Net margin | -84.1K% | 36.6K% | -31.9K% | -2.2K% | -1.7K% | -2.8K% |
| EBITDA | -35M | -102.3M | -88.4M | -65.1M | -28.1M | -27.8M |
| EPS | -192.4 | 92.5 | -58.5 | -23.1 | -413.9 | -49.1 |
| Diluted EPS | -192.4 | 85 | -58.5 | -23.1 | -413.9 | -49.1 |
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 | 339K | 1M | 513K | 1.2M | 107K | 285K | 322K | 191K | 234K | 363K | 3.2M | 25K |
| Cost of revenue | 119K | 348K | — | 0 | 66K | 0 | 0 | 2K | 0 | 0 | 1.4M | 0 |
| Gross profit | 220K | 675K | 513K | 1.2M | 41K | 285K | 322K | 189K | 234K | 363K | 1.8M | 25K |
| Gross margin | 64.9% | 66% | 100% | 100% | 38.3% | 100% | 100% | 99% | 100% | 100% | 56.5% | 100% |
| Research & development | 6M | 8M | 2.7M | 2.9M | 2.2M | 2.1M | 1.9M | 2.2M | 2.3M | 2.8M | 4.2M | 4.2M |
| Selling, general & administrative | 9.3M | 6.5M | 6.2M | 5.3M | 5.4M | 5M | 4.6M | 3.9M | 4.2M | 6.5M | 6.3M | 3.9M |
| Operating expenses | 15.3M | 14.5M | 8.8M | 8.2M | 7.6M | 7.1M | 6.5M | 6.1M | 6.5M | 9.2M | 10.5M | 8.1M |
| Operating income | -15.1M | -13.8M | -8.3M | -7M | -7.6M | -6.8M | -6.2M | -5.9M | -6.2M | -8.9M | -8.7M | -8.1M |
| Operating margin | -4.4K% | -1.4K% | -1.6K% | -576% | -7.1K% | -2.4K% | -1.9K% | -3.1K% | -2.7K% | -2.4K% | -270.4% | -32.4K% |
| Non-operating income, net | 221K | -198K | 53K | -56K | -124K | -4.8M | -147K | -417K | -4.7M | 2.6M | -316K | -356K |
| Pretax income | -15.2M | -14.1M | -8.3M | -7M | -7.8M | -11.9M | -6.2M | -6.5M | -11.1M | -6.8M | -9.5M | -8.3M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — |
| Net income | -15.2M | -14.1M | -8.3M | -7M | -7.8M | -11.9M | -6.2M | -6.5M | -11.1M | -6.9M | -9.5M | -8.3M |
| Net margin | -4.5K% | -1.4K% | -1.6K% | -580.3% | -7.3K% | -4.2K% | -1.9K% | -3.4K% | -4.7K% | -1.9K% | -294.9% | -33.1K% |
| EBITDA | -14.4M | -13.4M | -7.8M | -6.5M | -7.1M | -6.8M | -5.9M | -6.1M | -7.7M | -8.1M | -7.8M | -7.8M |
| EPS | -7.2 | — | -9.24 | -5.88 | -6.3 | — | -29.3 | -22 | -19.3 | — | -2.15 | -0.7 |
| Diluted EPS | -7.2 | — | -9.24 | -5.88 | -6.3 | — | -29.3 | -22 | -19.3 | — | -2.15 | -0.7 |
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 | 358.2B | — | — | — | — | — | 88.5M |
| Enterprise value | 358.5B | — | — | — | — | — | -11.2M |
| Shares outstanding | 1.6M | 1.3M | 1.6M | 3M | 84.4K | 622.9K | 622.9K |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | 0.03 |
| P/S | 981.3K | — | — | — | — | — | 23.1 |
| P/B | -1.2K | — | — | — | — | — | 0.72 |
| EV/EBITDA | -10.2K | — | — | — | — | — | 0.37 |
| EV/Sales | 982.1K | — | — | — | — | — | -2.93 |
| Earnings yield | — | — | — | — | — | — | 3K% |
| FCF yield | -0.01% | — | — | — | — | — | -28.1% |
| PEG | — | — | — | — | — | — | -0 |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Gross margin | -0.82% | 140.9% | 91.3% | 72.3% | 96.9% | 99.8% | 100% |
| Operating margin | -9.5K% | -30.2K% | -30.5K% | -2.2K% | -1.4K% | -2.5K% | -32.4K% |
| Net margin | -84.1K% | 36.6K% | -31.9K% | -2.2K% | -1.7K% | -2.8K% | 99.8% |
| ROE | 106.1% | 91.5% | -247.2% | -2.2K% | 447.5% | -178.4% | -68.3% |
| ROA | -845.3% | 64.9% | -103.3% | -333.8% | -351.1% | -75.9% | -28.5% |
| ROIC | -1.5K% | -8.1K% | 7.8K% | — | — | — | — |
| Return on tangible assets | -859.8% | 65.2% | -104% | -345.2% | -370% | -76.6% | -27.6% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Current ratio | 3.78 | 4.37 | 1.76 | 0.97 | 0.3 | 1.39 | 13.7 |
| Quick ratio | 3.78 | 4.37 | 1.76 | 0.97 | 0.3 | 1.39 | 13.7 |
| Debt / equity | -1.09 | 0.22 | 0.55 | 2.64 | -0.77 | 0.66 | 0.07 |
| Debt / assets | 8.67 | 0.16 | 0.23 | 0.41 | 0.6 | 0.28 | 0.06 |
| Net debt / EBITDA | -8.33 | 1.28 | 0.45 | -0.1 | -0.16 | 0.05 | 3.19 |
| Interest coverage | -652.2 | 9.48 | -17.1 | -28.5 | -87.5 | -44 | -23.7 |
| Effective tax rate | 0% | 0% | 0% | — | — | — | — |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Revenue per share | 0.23 | 0.25 | 0.18 | 1.04 | 25 | 1.78 | 0.84 |
| EPS (basic) | -192.4 | 92.5 | -58.5 | -23.1 | -413.9 | -49.1 | -49.1 |
| EPS (diluted) | -192.4 | 85 | -58.5 | -23.1 | -413.9 | -49.1 | -0.94 |
| Book value per share | -181.4 | 101.2 | 23.7 | 1.07 | -92.5 | 27.5 | 5.62 |
| FCF per share | -21.4 | -68.9 | -54.4 | -20.8 | -197.2 | -37.4 | -2.61 |
| Cash per share | 14.4 | 122.8 | 37.5 | 0.71 | 18.6 | 20.6 | 4.9 |
| Capex per share | 0.94 | 2.28 | 0.34 | 0.01 | 1.6 | — | — |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Capex / revenue | 411.5% | 900.6% | 183.6% | 0.62% | 6.39% | — | — |
| Capex / operating cash flow | -4.19% | -5.77% | -0.69% | -0.03% | -0.52% | — | — |
| Payout ratio | — | — | — | — | — | — | 0% |
| — |
| $330K |
| — |
| FY20 | — | -$192.4 | — | — | $365K | — |
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $339K | $1M | $513K | $1.2M | $107K | $285K | $322K | $191K | $234K | $363K | $3.2M | $25K |
| YoY change | +162.8% | +752.5% | +2.2K% | -29.1% | -68.4% | -72.1% | -37.2% | -84.2% | +118.7% | +27.4% | +898.4% | -86.9% |
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 | 23M | 160M | 61.1M | 2.1M | 1.6M | 12.8M |
| Receivables | — | — | — | — | 879K | 0 |
| Inventory | — | — | — | — | — | — |
| Total current assets | 27.6M | 169.7M | 76.3M | 10.7M | 4.5M | 22.3M |
| Property, plant & equipment | 2.6M | 12.4M | 10.5M | 3.3M | 2.2M | 953K |
| Goodwill & intangibles | 610K | 698K | 674K | 682K | 506K | 402K |
| Total assets | 36.3M | 185.8M | 92.4M | 20.6M | 10M | 40.3M |
| Accounts payable | 1.9M | 1.9M | 2.2M | 2.8M | 5.6M | 4.1M |
| Short-term debt | 254K | 22.1M | 12.8M | 3.5M | 5.6M | 4.3M |
| Total current liabilities | 7.3M | 38.9M | 43.2M | 11.1M | 15M | 16.1M |
| Long-term debt | 314.5M | 7.3M | 8.5M | 4.9M | 333K | 7M |
| Total liabilities | 325.8M | 53.9M | 53.8M | 17.5M | 17.8M | 23.2M |
| Shareholders' equity | -289.5M | 131.9M | 38.6M | 3.2M | -7.8M | 17.1M |
| Total debt | 314.8M | 29.4M | 21.3M | 8.4M | 6M | 11.3M |
| Net debt | 291.8M | -130.7M | -39.8M | 6.3M | 4.4M | -1.5M |
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 | 9.8M | 2.1M | 1.7M | 897K | 798K | 1.6M | 3.4M | 132K | 670K | 12.8M | 23.5M | 107.6M |
| Receivables | 44K | — | 15K | 15K | — | 879K | 0 | 200K | 0 | 0 | 396K | 611K |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 21.2M | 10.7M | 9.3M | 6.2M | 5.4M | 4.5M | 6.8M | 4.3M | 7.1M | 22.3M | 29.3M | 113.1M |
| Property, plant & equipment | 9M | 3.3M | 8.1M | 7.6M | 6.9M | 2.2M | 2.2M | 1.9M | 1.5M | 953K | 7.8M | 7.6M |
| Goodwill & intangibles | 658K | 682K | 694K | 558K | 530K | 506K | 480K | 454K | 428K | 402K | 376K | 350K |
| Total assets | 33.5M | 20.6M | 18.7M | 15M | 14.1M | 10M | 11.7M | 9.2M | 19.6M | 40.3M | 45.9M | 129.5M |
| Accounts payable | 2.5M | 2.8M | 2.8M | 3.6M | 5.7M | 5.6M | 6.3M | 6.7M | 5.4M | 4.1M | 3.7M | 4M |
| Short-term debt | 7M | 3.5M | 1.3M | 1.7M | 3.7M | 5.6M | 4.6M | 5.3M | 4.6M | 4.3M | 2.6M | 956K |
| Total current liabilities | 23.1M | 11.1M | 9.6M | 11.5M | 14M | 15M | 17M | 19M | 17.3M | 16.1M | 11.6M | 8.3M |
| Long-term debt | 5.2M | 4.9M | 4.5M | 4.2M | 3.8M | 333K | 0 | 0 | 0 | 7M | 7M | 6.9M |
| Total liabilities | 29.2M | 17.5M | 15.3M | 16.8M | 19.5M | 17.8M | 17.7M | 19.2M | 20.3M | 23.2M | 18.7M | 15.3M |
| Shareholders' equity | 4.3M | 3.2M | 3.5M | -1.8M | -5.4M | -7.8M | -6M | -10M | -694K | 17.1M | 27.2M | 114.3M |
| Total debt | 12.2M | 8.4M | 5.8M | 5.9M | 7.5M | 6M | 4.6M | 5.3M | 4.6M | 11.3M | 9.6M | 7.9M |
| Net debt | 2.4M | 6.3M | 4.1M | 5M | 6.7M | 4.4M | 1.2M | 5.1M | 4M | -1.5M | -13.9M | -99.7M |
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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Net income | -307M | 120.7M | -95.4M | -68.9M | -34.9M | -30.5M |
| Depreciation & amortization | 590K | 2.4M | 2.3M | 2M | 2M | 1.5M |
| Stock-based compensation | 2.8M | 18.5M | 11.6M | 8.5M | 6.5M | 3.3M |
| Change in working capital | 370K | 4.6M | -4.8M | -4.3M | -19K | 5.3M |
| Operating cash flow | -35.9M | -51.5M | -79.3M | -61.3M | -26.2M | -23.3M |
| Capital expenditure | -1.5M | -3M | -549K | 19K | 135K | — |
| Investing cash flow | -1.5M | -3M | -549K | 19K | 135K | — |
| Dividends paid | — | — | — | — | — | — |
| Share repurchases | 0 | -40.2M | -331K | -10.1M | -4K | -1K |
| Financing cash flow | 44.6M | 226.5M | -10.4M | -6.1M | 10.9M | 20.5M |
| Net change in cash | 7.2M | 172M | -90.2M | -67.4M | -15.2M | -2.8M |
| Free cash flow | -34.1M | -89.8M | -88.7M | -62M | -16.7M | -23.3M |
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 | -15.2M | -14.1M | -8.3M | -7M | -7.8M | -11.9M | -6.2M | -6.5M | -11.1M | -6.8M | -9.5M | -8.3M |
| Depreciation & amortization | 490K | 505K | 505K | 508K | 506K | 496K | 383K | 303K | 349K | 486K | 724K | 268K |
| Stock-based compensation | 2.2M | 2M | 1.4M | 1.7M | 1.7M | 1.6M | 1.1M | 967K | 691K | 558K | 322K | 189K |
| Change in working capital | 2.7M | -5.3M | 54K | 484K | 1.8M | -2.3M | 2.3M | 954K | 2.3M | -147K | -2.6M | -393K |
| Operating cash flow | -9.6M | -16.7M | -6.3M | -4.3M | -3.7M | -11.9M | -2.6M | -3.2M | -5.3M | -10.5M | -5.8M | -9.1M |
| Capital expenditure | 9K | 0 | 0 | 0 | 135K | 0 | — | — | — | — | — | — |
| Investing cash flow | 9K | 0 | 0 | 0 | 135K | 0 | — | — | — | — | — | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | -27K | -1K | -3K | 0 | 0 | -1K | -1K | 0 | 0 | 0 | 0 | -18K |
| Financing cash flow | 1.1M | -54K | 4.8M | 0 | 4.7M | 4M | 3.9M | -565K | 3.5M | 12.9M | 16.7M | 83.6M |
| Net change in cash | -8.5M | -16.7M | -1.4M | -4.3M | 1.1M | -7.9M | 1.3M | -3.8M | -1.9M | 2.4M | 10.9M | 74.5M |
| Free cash flow | -12.8M | -15.9M | -5.3M | -1.1M | -4.5M | -5.7M | -4.2M | -3.2M | -5.3M | -10.5M | -6M | -9.1M |