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 25 | -$7.1 | -$4.73 | +33.4% | — | $4.5M | — |
| Q2 25 | -$7.2 | -$4.1 | +43.1% | — | — | — |
| Q1 25 | -$9.7 | -$6.1 | +37.1% | — | $206K | — |
| Q3 24 | -$9.3 | -$10.6 | -14.0% | — | $50K | — |
| Q2 24 | -$15 | -$9 | +40.0% | — | $0 | — |
| Q3 22 | — | -$0.26 | — | — | $0 | — |
| Q2 22 | — | -$0.21 | — | — | $0 | — |
| Q1 22 | — | -$0.21 | — | — | $0 | — |
| Q4 21 | — | -$0.19 | — | — | $0 | — |
| Q3 21 | — | -$0.16 | — | — | $0 | — |
| Q2 21 | — | -$0.15 | — | — | $0 | — |
| Q1 21 | — | -$1.01 | — | — | $0 | — |
| Q4 13 | $0.01 | -$0.22 | -2300.0% | — | — | — |
| Q3 13 | -$0.01 | $0.02 | +300.0% | — | — | — |
| Q2 13 | $0.09 | $0.11 | +22.2% | — | — | — |
| Q1 13 | — | $0.09 | — | — | — | — |
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 | — | -$11.2 | — | — | $433K | — |
| FY24 | — | -$0.36 | — | — | $1M | — |
| FY23 | — | -$9.45 | — | — | $0 | — |
| FY22 | — | -$13.8 | — | — | $0 | — |
| FY21 | — | -$13.8 |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $0 | $1M | $433K |
| YoY change | — | 0% | 0% | 0% | 0% | +InfinityT% | -57.3% |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | Q2 23 | Q3 23 | Q4 23 |
|---|
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 1M | 433K |
| Cost of revenue | — | — | — | — | — | 3M | 2.3M |
| Gross profit | — | — | — | — | — | -2M | -1.8M |
| Gross margin | — | — | — | — | — | -196.8% | -424.9% |
| Research & development | 6.5M | 8.4M | 13.4M | 19M | 16.9M | 11.2M | 5.7M |
| Selling, general & administrative | 2M | 2.7M | 6.4M | 11.5M | 12.8M | 11M | 7.9M |
| Operating expenses | 8.5M | 11.1M | 19.8M | 30.5M | 29.7M | 22.2M | 13.7M |
| Operating income | -8.5M | -11.1M | -19.8M | -30.5M | -29.7M | -24.2M | -15.5M |
| Operating margin | — | — | — | — | — | -2.4K% | -3.6K% |
| Non-operating income, net | 13K | -947K | -1.1M | — | — | — | — |
| Pretax income | -8.4M | -13M | -21.8M | -30.3M | -29.3M | -23.7M | -18.3M |
| Income tax | — | — | — | — | — | — | — |
| Net income | -8.4M | -13M | -21.8M | -30.3M | -29.3M | -23.7M | -18.3M |
| Net margin | — | — | — | — | — | -2.3K% | -4.2K% |
| EBITDA | -8.4M | -11.1M | -19.7M | -30.3M | -29.5M | -23.6M | -15.2M |
| EPS | -12.7 | -11.1 | -13.8 | -13.8 | -9.45 | -0.36 | -11.2 |
| Diluted EPS | -12.7 | -11.1 | -13.8 | -13.8 | -9.45 | -0.36 | -11.2 |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | Q2 23 | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 852K | 0 | 50K | 111K | 206K | 4.5M | -4.4M | 510K | 3.8M |
| Cost of revenue | 0 | 0 | — | 1.2M | 380K | 845K | 567K | 3M | 5M | -3.8M | 1.3M | 2.1M |
| Gross profit | 0 | 0 | — | -363K | -380K | -795K | -456K | -2.8M | -527K | -618K | -824K | 1.7M |
| Gross margin | — | — | — | -42.6% | — | -1.6K% | -410.8% | -1.4K% | -11.7% | 14.1% | -161.6% | 44.3% |
| Research & development | 4.2M | 5.6M | 3.2M | 2.9M | 2.9M | 3.4M | 2M | — | — | — | — | — |
| Selling, general & administrative | 3.2M | 3.4M | 2.8M | 2.5M | 3.1M | 3.2M | 2.2M | 2.4M | -975K | 4.9M | 3.7M | 12.9M |
| Operating expenses | 7.4M | 9.1M | 6M | 5.4M | 6M | 6.6M | 4.2M | 2.4M | -975K | 4.9M | 3.7M | 14.2M |
| Operating income | -7.4M | -9.1M | -6M | -5.8M | -6.4M | -7.4M | -4.7M | -5.2M | 4.2M | -11.2M | -4.8M | -15.2M |
| Operating margin | — | — | — | -675.4% | — | -14.8K% | -4.2K% | -2.5K% | 94.2% | 257.2% | -950.4% | -400.3% |
| Non-operating income, net | — | — | — | — | — | — | — | — | -548K | — | — | 2.6M |
| Pretax income | -7.3M | -9M | -6M | -5.7M | -6.2M | -7.2M | -4.6M | -5.2M | 3.7M | -13.6M | -5M | -12.7M |
| Income tax | — | — | — | — | — | — | — | 0 | — | — | 0 | 20K |
| Net income | -7.3M | -9M | -6M | -5.7M | -6.2M | -7.2M | -4.6M | -5.2M | 4.6M | -14.4M | -5M | -12.8M |
| Net margin | — | — | — | -671.4% | — | -14.4K% | -4.2K% | -2.5K% | 101.6% | 330.6% | -981.4% | -335.8% |
| EBITDA | -7.3M | -9M | -6M | -5.7M | -6.4M | -7.3M | -4.7M | -5.1M | 6.7M | -11.1M | -4.5M | -11.6M |
| EPS | -2.55 | -2.65 | -1.65 | -1.5 | -0.9 | -1.06 | — | -3.15 | — | — | -2.3 | -5.12 |
| Diluted EPS | -2.55 | -2.65 | -1.65 | -1.5 | -0.9 | -1.06 | — | -3.15 | — | — | -2.3 | -5.12 |
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 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Market cap | — | — | — | — | — | — | — | — | 354.6M |
| Enterprise value | — | — | — | — | — | — | — | — | 895.8M |
| Shares outstanding | — | 1.1M | 2M | 1.8M | 2.2M | 3.1M | 66.7M | 1.6M | 1.6M |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | — | -1 |
| P/S | — | — | — | — | — | — | — | — | 33.4 |
| P/B | — | — | — | — | — | — | — | — | 0.05 |
| EV/EBITDA | — | — | — | — | — | — | — | — | -71.8 |
| EV/Sales | — | — | — | — | — | — | — | — | 80.7 |
| Earnings yield | — | — | — | — | — | — | — | — | -99.7% |
| FCF yield | — | — | — | — | — | — | — | — | -5.17% |
| PEG | — | — | — | — | — | — | — | — | -0.02 |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Gross margin | — | — | — | — | — | — | -196.8% | -424.9% | 44.3% |
| Operating margin | — | — | — | — | — | — | -2.4K% | -3.6K% | -400.3% |
| Net margin | — | — | — | — | — | — | -2.3K% | -4.2K% | -170% |
| ROE | — | -211.2% | 161.6% | -66.5% | -383.2% | -849% | -322.6% | 526.3% | 527.4% |
| ROA | — | -172.7% | -184% | -60% | -229% | -310.8% | -209.6% | -326.5% | -327.2% |
| Return on tangible assets | — | -172.7% | -184% | -60% | -229% | -310.8% | -209.6% | -326.5% | 5.89% |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Current ratio | — | 5.26 | 5.95 | 10.9 | 2.34 | 1.44 | 3.02 | 0.57 | 1.8 |
| Quick ratio | — | 5.26 | 5.95 | 10.9 | 2.34 | 1.26 | 2.42 | 0.37 | 1.8 |
| Debt / equity | — | — | -1.45 | — | 0.05 | 0.06 | 0.03 | -1.33 | 0.03 |
| Debt / assets | — | — | 1.65 | — | 0.03 | 0.02 | 0.02 | 0.83 | 0.02 |
| Net debt / EBITDA | — | — | -0.54 | — | 0.34 | 0.2 | 0.33 | -0.12 | 0.33 |
| Interest coverage | — | — | -12 | -23.7 | — | — | — | -5.17 | -5.17 |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | — | 0 | 0 | 0 | 0 | 0 | 0.02 | 0.26 | 5.39 |
| EPS (basic) | — | -12.7 | -11.1 | -13.8 | -13.8 | -9.45 | -0.36 | -11.2 | -11.2 |
| EPS (diluted) | — | -12.7 | -11.1 | -13.8 | -13.8 | -9.45 | -0.36 | -11.2 | -13.5 |
| Book value per share | — | 3.49 | -4.09 | 18.7 | 3.59 | 1.12 | 0.11 | -2.12 | -1.88 |
| FCF per share | — | -7.2 | -5.41 | -9.55 | -11.4 | -8.52 | -0.34 | -6.86 | -8.11 |
| Cash per share | — | 3.75 | 2.9 | 19.2 | 4.89 | 1.99 | 0.12 | 1.72 | 0.79 |
| Capex per share | — | 0.01 | 0 | 0.32 | 0.05 | 0.02 | 0 | — | — |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Capex / revenue | — | — | — | — | — | — | 0.79% | — | — |
| Capex / operating cash flow | — | -0.16% | 0% | -3.38% | -0.41% | -0.25% | -0.03% | — | — |
| Payout ratio | — | — | — | — | — | — | — | — | 0% |
| — |
| — |
| $0 |
| — |
| FY20 | — | -$11.1 | — | — | $0 | — |
| FY19 | — | -$12.7 | — | — | $0 | — |
| Q1 24 |
|---|
| Q2 24 |
|---|
| Q3 24 |
|---|
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $0 | $0 | $0 | $852K | $0 | $50K | $111K | $206K | $4.5M | -$4.4M | $510K | $3.8M |
| YoY change | 0% | 0% | 0% | +InfinityT% | 0% | +InfinityT% | +InfinityT% | -75.8% | +8.9K% | -4K% | +147.6% | — |
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 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 3.2M | 4.3M | 5.7M | 33.6M | 10.8M | 6.1M | 7.9M | 2.8M |
| Receivables | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | 0 | 1.1M | 2M | 1.8M |
| Total current assets | 3.2M | 4.5M | 6.9M | 35.1M | 11.6M | 8.5M | 10.4M | 5M |
| Property, plant & equipment | 49K | 51K | 38K | 529K | 443K | 342K | 813K | 516K |
| Goodwill & intangibles | — | — | — | — | — | — | — | — |
| Total assets | 3.4M | 4.9M | 7.1M | 36.3M | 13.2M | 9.4M | 11.3M | 5.6M |
| Accounts payable | 7K | 15K | 246K | 311K | 557K | 3.1M | 2M | 3.5M |
| Short-term debt | — | — | 248K | — | 212K | 217K | 186K | 4.6M |
| Total current liabilities | 370K | 858K | 1.2M | 3.2M | 5M | 5.9M | 3.4M | 8.8M |
| Long-term debt | — | — | 11.4M | — | 214K | — | — | — |
| Total liabilities | 391K | 890K | 15.1M | 3.5M | 5.3M | 6M | 4M | 9.1M |
| Shareholders' equity | 3M | 4M | -8.1M | 32.7M | 7.9M | 3.4M | 7.4M | -3.5M |
| Total debt | — | — | 11.7M | — | 426K | 217K | 186K | 4.6M |
| Net debt | — | — | 6M | — | -10.3M | -5.9M | -7.7M | 1.8M |
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 | Q2 23 | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 14.5M | 7.7M | 6.1M | 2.1M | 16.9M | 11.3M | 7.9M | 4.4M | 2.7M | 2.8M | 29.3M | 21.7M |
| Receivables | — | — | — | — | — | — | — | — | 205K | — | 1.5M | 1.6M |
| Inventory | — | — | 1.1M | 1.1M | 1.8M | 2M | 2M | 2.3M | — | 1.8M | 1.8M | 0 |
| Total current assets | 16.1M | 9.2M | 8.5M | 4.4M | 19.7M | 14M | 10.4M | 6.9M | 3M | 5M | 37.9M | 28.3M |
| Property, plant & equipment | 404K | 363K | 342K | 299K | 272K | 237K | 213K | 739K | 32.3M | 516K | 32.9M | 36.7M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | 1.1B | 1.1B |
| Total assets | 17.6M | 10.6M | 9.4M | 5.1M | 20.8M | 15.1M | 11.3M | 7.8M | 36.3M | 5.6M | 604.5M | 599.3M |
| Accounts payable | 1.5M | 2M | 3.1M | 4M | 1.5M | 1.9M | 2M | 2.5M | 420K | 3.5M | 3.7M | 3.9M |
| Short-term debt | 206K | 204K | 217K | 175K | 117K | 102K | 186K | 206K | 5.2M | 4.6M | 10.2M | 6.5M |
| Total current liabilities | 4.6M | 5.5M | 5.9M | 6.6M | 3.4M | 4.2M | 3.4M | 4.1M | 6M | 8.8M | 17.7M | 15.7M |
| Long-term debt | 121K | — | — | — | — | — | — | — | 10.6M | — | 6.6M | 8.5M |
| Total liabilities | 4.7M | 5.6M | 6M | 6.6M | 4M | 4.8M | 4M | 4.5M | 20.6M | 9.1M | 28.5M | 26.1M |
| Shareholders' equity | 12.8M | 4.9M | 3.4M | -1.5M | 16.8M | 10.3M | 7.4M | 3.2M | 15.7M | -3.5M | 576M | 573.3M |
| Total debt | 327K | 204K | 217K | 175K | 117K | 102K | 186K | 206K | 15.7M | 4.6M | 16.8M | 15M |
| Net debt | -14.1M | -7.5M | -5.9M | -2M | -16.8M | -11.2M | -7.7M | -4.2M | 13M | 1.8M | -12.5M | -6.7M |
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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Net income | -8.4M | -13M | -21.8M | -30.3M | -29.3M | -23.7M | -18.3M |
| Depreciation & amortization | 11K | 13K | 74K | 147K | 158K | 166K | 149K |
| Stock-based compensation | 90K | 713K | 1.9M | 3.1M | 3M | 3.2M | 2.9M |
| Change in working capital | 403K | 29K | 2.1M | 1.3M | -60K | -3M | 104K |
| Operating cash flow | -8.3M | -10.9M | -16.7M | -25.8M | -26M | -23M | -11.3M |
| Capital expenditure | -13K | 0 | -565K | -105K | -64K | -8K | — |
| Investing cash flow | -13K | 0 | -16.7M | 15.7M | -64K | -8K | — |
| Dividends paid | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — |
| Financing cash flow | 9.4M | 12.1M | 44.8M | 2.3M | 21.6M | 24.3M | 6.1M |
| Net change in cash | 1.1M | 1.2M | 11.5M | -7.9M | -4.4M | 1.3M | -5.2M |
| Free cash flow | -8.2M | -10.7M | -16.7M | -25M | -26.2M | -22.5M | -11.3M |
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 | Q2 23 | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -7.3M | -9M | -6M | -5.7M | -6.2M | -7.2M | -4.6M | -5.2M | 4.6M | -14.4M | -5M | -12.8M |
| Depreciation & amortization | 40K | 40K | 40K | 52K | 27K | 49K | 38K | 38K | 2.4M | -2.3M | 326K | 3.5M |
| Stock-based compensation | 771K | 757K | 728K | 617K | 1.5M | 534K | 530K | 299K | 171K | 1.7M | 2.2M | 9.4M |
| Change in working capital | -751K | 984K | -849K | 608K | -3.4M | 529K | -682K | 275K | -761K | 1.2M | -1.4M | -1.8M |
| Operating cash flow | -7.2M | -7.2M | -5.8M | -4.4M | -8M | -6M | -4.6M | -4.3M | 7.1M | -11M | -4.3M | -5.3M |
| Capital expenditure | -26K | -12K | -13K | -6K | 0 | 3K | -5K | — | — | — | — | — |
| Investing cash flow | -26K | -12K | -13K | -6K | 0 | 3K | -5K | 0 | — | — | 36.7M | -1K |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 8.1M | 282K | 3.7M | 164K | 22.9M | 76K | 1.2M | 758K | — | — | -32K | -1.3M |
| Net change in cash | 877K | -6.9M | -2.1M | -4.2M | 14.9M | -5.9M | -3.5M | -3.5M | 7.1M | -11M | 32.4M | -6.6M |
| Free cash flow | -7.9M | -7M | -5.3M | -4.1M | -8.2M | -5.7M | -4.6M | -4.3M | 6.3M | -10.1M | -10.5M | -5.9M |