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 26 | -$0.18 | -$0.09 | +50.0% | — | — | — |
| Q2 26 | -$0.19 | -$0.16 | +15.8% | — | — | — |
| Q1 26 | -$0.19 | -$0.04 | +78.9% | — | — | — |
| Q4 25 | -$0.21 | -$0.12 | +42.9% | — | — | — |
| Q3 25 | -$0.27 | -$0.29 | -7.4% | — | — | — |
| Q2 25 | -$0.66 | -$0.4 | +39.4% | — | — | — |
| Q1 25 | -$0.22 | -$0.42 | -90.9% | — | $0 | — |
| Q3 24 | -$0.39 | -$0.26 | +33.3% | — | $0 | — |
| Q2 24 | -$0.43 | -$0.25 | +41.9% | — | $0 | — |
| Q1 24 | -$0.25 | -$0.27 | -8.0% | — | $0 | — |
| Q4 23 | -$1 | -$0.48 | +52.0% | — | $0 | — |
| Q1 23 | -$0.8 | -$0.57 | +28.8% | — | $0 | — |
| Q4 22 | -$1 | -$3.27 | -227.0% | — | $2.5M | — |
| Q3 22 | -$1.2 | -$0.8 | +33.3% | — | $0 | — |
| Q2 22 | -$1.27 | -$1.1 | +13.4% | — | $0 | — |
| Q1 22 | -$1.33 | -$1.18 | +11.3% | — | $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 | — | -$0.79 | — | — | $0 | — |
| FY24 | — | -$1.19 | — | — | $6.6M | — |
| FY23 | — | -$0.94 | — | — | $0 | — |
| FY22 | — | -$3.58 | — | — | $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 | $183.1K | $206K | $213.2K | $466.8K | $0 | $0 | $0 | $6.6M | $0 |
| YoY change | 0% | +InfinityT% | +12.5% | +3.5% | +118.9% | -100% | 0% | 0% | +InfinityT% | -100% |
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 | 183.1K | 206K | 213.2K | 466.8K | 0 | 0 | 0 | 6.6M | 0 |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — |
| Research & development | 3.8M | 5.3M | 124M | 12.8M | 18.9M | 27.8M | 12M | 10.4M | 13.5M | 11.8M |
| Selling, general & administrative | 4.7M | 6.4M | 24.4M | 10M | 10.5M | 12.9M | 11.3M | 7.5M | 4.2M | 4.2M |
| Operating expenses | 8.3M | 11.5M | 148.2M | 22.5M | 28.9M | 39.5M | 19.8M | 14.6M | 11.1M | 12.4M |
| Operating income | -8.3M | -11.3M | -148M | -22.3M | -28.4M | -39.5M | -19.8M | -14.6M | -4.5M | -12.4M |
| Operating margin | — | -6.2K% | -71.8K% | -10.5K% | -6.1K% | — | — | — | -68.7% | — |
| Non-operating income, net | 5.8M | 497.9K | -40K | 18K | 31K | -2.4M | -233K | — | — | -335.7K |
| Pretax income | -2.5M | -10.8M | -147.8M | -21.2M | -28.2M | -41.9M | -19.8M | -14M | -4.1M | -12.2M |
| Income tax | — | — | — | — | — | — | 0 | 3.7K | 50K | -15.2K |
| Net income | -2.5M | -11M | -148M | -21.4M | -28.7M | -41.9M | -29.9M | -8.2M | -10.7M | -12.2M |
| Net margin | — | -6K% | -71.8K% | -10.1K% | -6.1K% | — | — | — | -162.8% | — |
| EBITDA | -14.1M | -11.8M | -147.9M | -22M | -27.4M | -36.3M | -19.8M | -14.6M | -4.5M | -12M |
| EPS | -3.6 | -11.6 | -77.5 | -4.7 | -6.1 | -5.47 | -3.58 | -0.94 | -1.19 | -0.79 |
| Diluted EPS | -7.2 | -11.6 | -77.5 | -4.7 | -6.1 | -5.47 | -3.58 | -0.94 | -1.19 | -0.79 |
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 | 0 | 0 | 6.6M | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Research & development | 2M | 2.6M | 2.6M | 2.3M | 3.5M | 5.1M | 3.1M | 4.2M | 2.3M | 2.1M | 2.8M | 1.5M |
| Selling, general & administrative | 1.4M | 1.4M | 1.2M | 1.1M | 854.7K | 1M | 1.4M | 945.2K | 1M | 846.6K | 1.2M | 1.1M |
| Operating expenses | 3.2M | 2.9M | 2.5M | 2.3M | 2.4M | 3.9M | 4.2M | 4.3M | 2.1M | 1.9M | 3.3M | 1.9M |
| Operating income | -3.2M | -2.9M | -2.5M | -2.3M | -2.4M | 2.7M | -4.2M | -4.3M | -2.1M | -1.9M | -3.3M | -1.9M |
| Operating margin | — | — | — | — | — | 41.4% | — | — | — | — | — | — |
| Non-operating income, net | — | — | — | — | — | — | -453.1K | 117.4K | — | 0 | 8.7K | — |
| Pretax income | -3M | -2.7M | -2.4M | -2.2M | -2.3M | 2.8M | -4.4M | -4M | -2M | -1.7M | -3.2M | -1.8M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — |
| Net income | -3M | -2.8M | -2.4M | -2.2M | -2.3M | -3.8M | -4.4M | -4M | -2M | -1.7M | -3.2M | -1.8M |
| Net margin | — | — | — | — | — | -58.2% | — | — | — | — | — | — |
| EBITDA | -3.2M | -2.9M | -2.5M | -2.3M | -2.4M | 2.7M | -3.7M | -4.3M | -2.1M | -1.9M | -3.3M | -1.9M |
| EPS | -0.34 | — | -0.27 | -0.25 | -0.26 | — | -0.4 | -0.29 | -0.12 | — | -0.16 | -0.09 |
| Diluted EPS | -0.34 | — | -0.27 | -0.25 | -0.26 | — | -0.4 | -0.29 | -0.12 | — | -0.16 | -0.09 |
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 | — | — | — | — | 68.2M | — | 22.5M | 48.5M | 27.9M | — | 18.8M |
| Enterprise value | — | — | — | — | 59.1M | — | 18.4M | 33.3M | 8.7M | — | 7.8M |
| Shares outstanding | 689K | 945.3K | 1.9M | 4.6M | 4.7M | 7.7M | 8.4M | 8.8M | 9M | 15.3M | 15.3M |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | — | — | — | -1.42 |
| P/S | — | — | — | — | 146.1 | — | — | — | 4.24 | — | 5.19 |
| P/B | — | — | — | — | 2.49 | — | 1.15 | 3.45 | 1.5 | — | 1.51 |
| EV/EBITDA | — | — | — | — | -2.16 | — | -0.93 | -2.29 | -1.93 | — | -0.65 |
| EV/Sales | — | — | — | — | 126.6 | — | — | — | 1.33 | — | 2.21 |
| Earnings yield | — | — | — | — | — | — | — | — | — | — | -70.2% |
| FCF yield | — | — | — | — | -42.9% | — | -119.6% | -33.9% | -39.1% | — | -33.1% |
| PEG | — | — | — | — | — | — | — | — | — | — | 0.02 |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | — | -6.2K% | -71.8K% | -10.5K% | -6.1K% | — | — | — | -68.7% | — | -268% |
| Net margin | — | -6K% | -71.8K% | -10.1K% | -6.1K% | — | — | — | -162.8% | — | -245.5% |
| ROE | -39.7% | -300.2% | -249.3% | -48.6% | -105% | -95.2% | -152.7% | -58.6% | -57.8% | -72.4% | -76.9% |
| ROA | -31% | -212% | -238.1% | -46.2% | -62.9% | -61.5% | -87% | -48.1% | -48.7% | -63.8% | -40.5% |
| ROIC | — | — | — | — | — | — | -128.2% | 1.4K% | 714% | -1.7K% | -1.7K% |
| Return on tangible assets | -31% | -212% | -238.1% | -46.2% | -62.9% | -61.5% | -87% | -48.1% | -48.7% | -63.8% | -59.7% |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 4.56 | 3.4 | 22.1 | 22.8 | 3.81 | 3.56 | 2.14 | 5.57 | 6.36 | 8.39 | 6.03 |
| Quick ratio | 4.56 | 3.4 | 22.1 | 22.8 | 3.81 | 3.56 | 2.14 | 5.57 | 6.36 | 8.39 | 6.03 |
| Debt / equity | 0 | 0 | 0 | 0.01 | 0.45 | 0.27 | 0.39 | — | — | — | 0 |
| Debt / assets | 0 | 0 | 0 | 0.01 | 0.27 | 0.17 | 0.22 | — | — | — | — |
| Net debt / EBITDA | 0.56 | 0.43 | 0.42 | 1.97 | 0.33 | 0.84 | 0.21 | — | — | — | — |
| Effective tax rate | — | — | — | — | — | — | 0% | 0% | 0% | 0% | 0% |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0.19 | 0.11 | 0.05 | 0.1 | 0 | 0 | 0 | 0.73 | 0 | 0.19 |
| EPS (basic) | -3.6 | -11.6 | -77.5 | -4.7 | -6.1 | -5.47 | -3.58 | -0.94 | -1.19 | -0.79 | -0.79 |
| EPS (diluted) | -7.2 | -11.6 | -77.5 | -4.7 | -6.1 | -5.47 | -3.58 | -0.94 | -1.19 | -0.79 | -0.38 |
| Book value per share | 8.98 | 3.87 | 31.1 | 9.67 | 5.81 | 5.75 | 2.35 | 1.6 | 2.07 | 1.1 | 0.73 |
| FCF per share | -9.45 | -8.93 | -7.66 | -4.09 | -6.23 | -3.97 | -3.23 | -1.87 | -1.21 | -0.78 | -0.51 |
| Cash per share | 11.4 | 5.43 | 32.3 | 9.63 | 4.54 | 5.54 | 1.41 | 1.72 | 2.14 | 1.05 | 0.68 |
| Capex per share | — | 0 | 0.08 | 0.08 | 1.97 | 0.41 | 0.59 | — | — | — | — |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Capex / revenue | — | 0% | 71.7% | 175.9% | 2K% | — | — | — | — | — | — |
| Capex / operating cash flow | — | 0% | -1.02% | -2.36% | -41.1% | -10.1% | -28.9% | — | — | — | — |
| Payout ratio | — | — | — | — | — | — | — | — | — | — | 0% |
| — |
| FY21 | — | -$5.47 | — | — | $0 | — |
| FY20 | — | -$6.1 | — | — | $466.8K | — |
| FY19 | — | -$4.7 | — | — | $213.2K | — |
| FY18 | — | -$77.5 | — | — | $206K | — |
| FY17 | — | -$11.6 | — | — | $183.1K | — |
| FY16 | — | -$3.6 | — | — | $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 | $0 | $0 | $0 | $6.6M | $0 | $0 | $0 | $0 | $0 | $0 |
| YoY change | 0% | -100% | 0% | 0% | 0% | +InfinityT% | 0% | 0% | 0% | -100% | 0% | 0% |
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 | 7.9M | 5.1M | 61.7M | 43.9M | 21.4M | 42.4M | 11.8M | 15.1M | 19.2M | 16.1M |
| Receivables | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 7.9M | 5.2M | 62M | 45.5M | 24.4M | 46M | 16.6M | 17.1M | 22M | 19.1M |
| Property, plant & equipment | — | 0 | 148K | 873.2K | 21.2M | 22.2M | 17.8M | — | — | — |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — |
| Total assets | 7.9M | 5.2M | 62.1M | 46.4M | 45.6M | 68.1M | 34.4M | 17.1M | 22M | 19.1M |
| Accounts payable | 680K | 1M | 1.6M | 993K | 2.9M | 5.1M | 1.1M | 961K | 1.1M | 793.7K |
| Short-term debt | 5K | 5K | — | 204.1K | 388.8K | 620.5K | 577.2K | — | — | — |
| Total current liabilities | 1.7M | 1.5M | 2.8M | 2M | 6.4M | 12.9M | 7.8M | 3.1M | 3.5M | 2.3M |
| Long-term debt | — | — | 0 | 280.2K | 11.9M | 11.2M | 7M | — | — | — |
| Total liabilities | 1.7M | 1.5M | 2.8M | 2.3M | 18.3M | 24.1M | 14.8M | 3.1M | 3.5M | 2.3M |
| Shareholders' equity | 6.2M | 3.7M | 59.3M | 44.1M | 27.3M | 44M | 19.6M | 14.1M | 18.6M | 16.8M |
| Total debt | 5K | 5K | 0 | 484.4K | 12.3M | 11.9M | 7.6M | — | — | — |
| Net debt | -7.8M | -5.1M | -61.7M | -43.4M | -9.1M | -30.5M | -4.2M | — | — | — |
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 | 17.5M | 15.1M | 11.3M | 7.8M | 9M | 19.2M | 13.7M | 10.5M | 17.6M | 16.1M | 14.9M | 11.3M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 19.5M | 17.1M | 14.1M | 11.7M | 10.9M | 22M | 17M | 14.8M | 21.7M | 19.1M | 17.4M | 14.6M |
| Property, plant & equipment | — | — | — | — | — | — | — | — | — | — | — | — |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 19.5M | 17.1M | 14.1M | 11.7M | 10.9M | 22M | 17M | 14.8M | 21.7M | 19.1M | 17.4M | 14.6M |
| Accounts payable | 2.3M | 961K | 1.9M | 1.7M | 2.6M | 1.1M | 1.3M | 1.7M | 951K | 793.7K | 1.5M | 585K |
| Short-term debt | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | 2.8M | 3.1M | 2.3M | 2M | 3.5M | 3.5M | 2.5M | 4.3M | 3.3M | 2.3M | 3.6M | 2.4M |
| Long-term debt | — | — | — | — | — | — | — | — | — | — | — | — |
| Total liabilities | 2.8M | 3.1M | 2.3M | 2M | 3.5M | 3.5M | 2.5M | 4.3M | 3.3M | 2.3M | 3.6M | 2.4M |
| Shareholders' equity | 16.7M | 14.1M | 11.8M | 9.7M | 7.4M | 18.6M | 14.5M | 10.5M | 18.4M | 16.8M | 13.8M | 12.2M |
| Total debt | — | — | — | — | — | — | — | — | — | — | — | — |
| Net debt | — | — | — | — | — | — | — | — | — | — | — | — |
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 | -2.5M | -11M | -148M | -21.4M | -28.7M | -41.9M | -19.8M | -14M | -10.7M | -12.2M |
| Depreciation & amortization | — | — | 0 | 286.6K | 1.1M | 3.2M | 3.7M | — | — | — |
| Stock-based compensation | 1.6M | 2.7M | 16.4M | 5.4M | 5.2M | 6M | 3.3M | 858.3K | 245.9K | 537.5K |
| Change in working capital | 257.6K | 283.4K | 1.1M | -133.2K | -117.6K | 1.8M | -4.1M | 1.4M | -1.3M | 1.5M |
| Operating cash flow | -6.5M | -8M | -14.4M | -15.9M | -22.5M | -31M | -17.1M | -11.8M | -11.8M | -12M |
| Capital expenditure | — | 0 | -147.7K | -375K | -9.3M | -3.1M | -4.9M | — | — | — |
| Investing cash flow | — | 0 | -147.7K | -375K | -9.3M | -3.1M | -4.9M | — | — | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | 0 | -310.5K | -71.7K | 0 | — | — | — | — | — | — |
| Financing cash flow | 1.4M | 5.1M | 66.9M | 0 | 6.2M | 52.6M | 202.1K | 1M | 14.9M | 9.9M |
| Net change in cash | -5.1M | -2.9M | 52.3M | -16.3M | -25.6M | 18.4M | -21.9M | -10.8M | 3.1M | -2.2M |
| Free cash flow | -6.5M | -8.4M | -14.6M | -18.7M | -29.3M | -30.4M | -27M | -16.4M | -10.9M | -12M |
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 | -3M | -2.7M | -2.4M | -2.2M | -2.3M | -3.8M | -4.4M | -4M | -2M | -1.7M | -3.2M | -1.8M |
| Depreciation & amortization | — | — | — | — | — | — | — | — | — | — | — | — |
| Stock-based compensation | 175K | 143.4K | 79.4K | 62.6K | 53.3K | 50.5K | 379.1K | 14K | 33.3K | 111.1K | 178.4K | 195.7K |
| Change in working capital | 1.3M | -944.5K | -619.1K | -908.7K | 2.6M | -2.4M | 224.1K | 962.2K | -594K | -447.7K | 354.7K | -1.3M |
| Operating cash flow | -1.5M | -3.5M | -2.9M | -3M | 368.5K | -6.2M | -3.8M | -1.9M | -2.7M | -1.9M | -1.4M | -3.7M |
| Capital expenditure | — | — | — | — | — | — | — | — | — | — | — | — |
| Investing cash flow | — | — | — | — | — | — | — | — | — | — | — | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 394.7K | 0 | 0 | 36.9K | 0 | 14.9M | — | — | 9.9M | 0 | — | — |
| Net change in cash | -1.1M | -3.5M | -2.9M | -3M | 368.5K | 8.7M | -3.8M | -1.9M | 7.1M | -1.9M | -1.4M | -3.7M |
| Free cash flow | -1.1M | -2.4M | -3.8M | -3.6M | 1.2M | -4.7M | -5.5M | -1.9M | -2.7M | -1.9M | -1.4M | -3.7M |