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 | -$0.82 | -$0.9 | -9.8% | — | $0 | — |
| Q1 26 | -$0.75 | -$0.79 | -5.3% | — | $0 | — |
| Q3 25 | -$2.75 | -$1.54 | +44.0% | — | $0 | — |
| Q2 25 | -$2.46 | -$2.86 | -16.3% | — | $0 | — |
| Q1 25 | -$7.15 | -$3.96 | +44.6% | — | $0 | — |
| Q4 24 | -$8.14 | -$3.52 | +56.8% | — | $0 | — |
| Q3 24 | -$8.03 | -$6.05 | +24.7% | — | $0 | — |
| Q2 24 | -$12.4 | -$20.4 | -64.6% | — | $0 | — |
| Q1 24 | -$39.9 | -$14.5 | +63.6% | — | $0 | — |
| Q4 23 | -$8.63 | -$25.1 | -190.6% | — | $0 | — |
| Q3 23 | -$9.68 | -$7.92 | +18.2% | — | $0 | — |
| Q2 23 | -$11.4 | -$1.76 | +84.6% | — | $0 | — |
| Q1 23 | -$55.4 | -$5.28 | +90.5% | — | $0 | — |
| Q3 22 | -$448.8 | -$308 | +31.4% | — | $0 | — |
| Q3 21 | -$475.2 | -$422.4 | +11.1% | — | $0 | — |
| Q2 21 | -$396 | -$475.2 | -20.0% | — | $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 | — | -$7.35 | — | — | $0 | — |
| FY24 | — | -$39.2 | — | — | $0 | — |
| FY23 | — | -$2.46 | — | — | $0 | — |
| FY22 | — | -$126 | — | — | $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 | $0 | $0 | $0 | $0 | $0 |
| YoY change | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
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 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — |
| Research & development | 8.7M | 22.7M | 13.9M | 17.5M | 21.9M | 6.5M | 2.8M | 9.2M | 21.6M | 6.8M |
| Selling, general & administrative | 6M | 10.4M | 1.6M | 2.7M | 7.8M | 8.8M | 8.6M | 6.7M | 7.3M | 6.9M |
| Operating expenses | 14.7M | 33.1M | 15.5M | 20.2M | 29.7M | 15.3M | 11.4M | 15.9M | 28.8M | 13.7M |
| Operating income | -14.7M | -33.1M | -15.5M | -20.2M | -29.7M | -15.3M | -11.4M | -15.9M | -28.8M | -13.7M |
| Operating margin | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | -4K | -5K | -3K | -1.1M | -1K | — | -358K | 3M | 297K | 225K |
| Pretax income | -14.6M | -33.4M | -15.5M | -21.3M | -29.7M | -15.3M | -14M | -12.5M | -27.6M | -13M |
| Income tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income | -14.6M | -33.4M | -15.5M | -21.3M | -29.7M | -15.3M | -14M | -12.5M | -27.6M | -13M |
| Net margin | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -14.7M | -33.1M | -15.5M | -19M | -29.7M | -15.2M | -11.5M | -15.4M | -29.1M | -13.9M |
| EPS | -9.7K | -19.4K | -10.3K | -979.2 | -439.2 | -158.4 | -126 | -2.46 | -39.2 | -7.35 |
| Diluted EPS | -9.7K | -19.4K | -10.3K | -979.2 | -439.2 | -158.4 | -126 | -2.46 | -39.2 | -7.35 |
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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Research & development | 2.3M | 3.9M | 4.9M | 8.1M | 4.5M | 4.1M | 2.3M | 2.3M | 1.9M | 241K | 2.1M | 3.5M |
| Selling, general & administrative | 1.6M | 1.8M | 2M | 2M | 1.7M | 1.5M | 1.6M | 2M | 1.6M | 1.8M | 1.9M | 1.9M |
| Operating expenses | 3.9M | 5.7M | 6.9M | 10.1M | 6.3M | 5.6M | 3.9M | 4.3M | 3.5M | 2M | 4M | 5.4M |
| Operating income | -3.9M | -5.7M | -6.9M | -10.1M | -6.3M | -5.6M | -3.9M | -4.3M | -3.5M | -2M | -4M | -5.4M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | -87K | 54K | -70K | -133K | 297K | 203K | 87K | 160K | -53K | 31K | 117K | -4K |
| Pretax income | -3.8M | -5.3M | -6.7M | -10.1M | -5.7M | -5.2M | -3.7M | -4M | -3.4M | -1.9M | -3.8M | -5.3M |
| Income tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income | -3.8M | -5.3M | -6.7M | -10.1M | -5.7M | -5.2M | -3.7M | -4M | -3.4M | -1.9M | -3.8M | -5.3M |
| Net margin | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -3.8M | -2.3M | -6.8M | -9.9M | -6.6M | -5.8M | -4M | -4.5M | -3.4M | -2.1M | -4.1M | -5.4M |
| EPS | -0.75 | — | -1.32 | -1.85 | -0.55 | — | -3.96 | -2.86 | -1.54 | — | -0.79 | -0.9 |
| Diluted EPS | -0.75 | — | -1.32 | -1.85 | -0.55 | — | -3.96 | -2.86 | -1.54 | — | -0.79 | -0.9 |
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 | 799.4M | — | — | — | — | — | — | — | — | — | 11M |
| Enterprise value | 775.4M | — | — | — | — | — | — | — | — | — | -1.5M |
| Shares outstanding | 1.5K | 1.7K | 2.3K | 21.8K | 67.6K | 96.4K | 110.9K | 5.1M | 705.2K | 1.8M | 1.8M |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | — | — | — | -0.23 |
| P/B | 38.7 | — | — | — | — | — | — | — | — | — | 1.6 |
| EV/EBITDA | -52.8 | — | — | — | — | — | — | — | — | — | 0.1 |
| Earnings yield | — | — | — | — | — | — | — | — | — | — | -438.8% |
| FCF yield | -1.38% | — | — | — | — | — | — | — | — | — | -100.8% |
| PEG | — | — | — | — | — | — | — | — | — | — | 0 |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | — | — | — | — | — | 0% |
| Net margin | — | — | — | — | — | — | — | — | — | — | 0% |
| ROE | -70.7% | -847.9% | 116.9% | -173.4% | -412% | -104.7% | -64.2% | -74.7% | -347.9% | -243.3% | -175.7% |
| ROA | -58.9% | -175.7% | -406.5% | -147.3% | -270.6% | -91% | -41.7% | -54.7% | -169.7% | -116.6% | -58.8% |
| ROIC | 432.1% | 737.1% | 236.3% | 1.3K% | 1.1K% | 889.9% | 98.3% | 286.4% | 362.4% | 289.5% | 265% |
| Return on tangible assets | -58.9% | -175.7% | -406.5% | -147.3% | -270.6% | -91% | -41.7% | -54.7% | -169.7% | -116.6% | -108.9% |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 6 | 2.97 | 17.4 | 6.78 | 2.89 | 7.69 | 2.85 | 3.78 | 1.94 | 1.93 | 2.06 |
| Quick ratio | 6 | 2.97 | 17.4 | 6.78 | 2.89 | 7.69 | 2.85 | 3.78 | 1.94 | 1.93 | 2.06 |
| Debt / equity | 0 | 2.55 | -0.72 | 0.01 | 0.01 | 0 | 0 | 0.01 | 0.02 | 0.04 | 0.03 |
| Debt / assets | 0 | 0.53 | 2.51 | 0.01 | 0.01 | 0 | 0 | 0.01 | 0.01 | 0.02 | 0.01 |
| Net debt / EBITDA | 1.64 | 0.25 | -0.43 | 0.72 | 0.34 | 1.07 | 2.91 | 1.44 | 0.55 | 0.72 | 0.83 |
| Interest coverage | — | — | — | — | — | — | -5.37 | — | — | — | — |
| 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 | 0 | 0 | 0 | 0 | 0 |
| EPS (basic) | -9.7K | -19.4K | -10.3K | -979.2 | -439.2 | -158.4 | -126 | -2.46 | -39.2 | -7.35 | -7.35 |
| EPS (diluted) | -9.7K | -19.4K | -10.3K | -979.2 | -439.2 | -158.4 | -126 | -2.46 | -39.2 | -7.35 | -2.45 |
| Book value per share | 13.4K | 2.3K | -5.8K | 564.7 | 106.6 | 151.4 | 196.1 | 3.29 | 11.2 | 3.02 | 1.04 |
| FCF per share | -7.1K | -15.6K | -6.3K | -333.2 | -159.4 | -157 | -105.6 | -2.14 | -35.1 | -8.89 | -2.67 |
| Cash per share | 15.6K | 10.7K | 1.2K | 638.9 | 149.3 | 169.9 | 300.8 | 4.42 | 22.7 | 5.82 | 1.92 |
| Capex per share | — | — | 1.3 | 9.83 | 0.06 | 0.03 | 0.07 | 0.01 | 0.01 | — | — |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Capex / operating cash flow | — | — | -0.02% | -2.15% | -0.04% | -0.02% | -0.16% | -0.41% | -0.03% | — | — |
| Payout ratio | — | — | — | — | — | — | — | — | — | — | 0% |
| FY21 | — | -$158.4 | — | — | $0 | — |
| FY20 | — | -$439.2 | — | — | $0 | — |
| FY19 | — | -$979.2 | — | — | $0 | — |
| FY18 | — | -$10.3K | — | — | $0 | — |
| FY17 | — | -$19.4K | — | — | $0 | — |
| FY16 | — | -$9.7K | — | — | $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 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| YoY change | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 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 | 24M | 18.5M | 2.8M | 13.9M | 10.1M | 16.4M | 33.4M | 22.4M | 16M | 10.3M |
| Receivables | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 24.7M | 19M | 3.8M | 14.1M | 10.7M | 16.6M | 33.5M | 22.5M | 16.1M | 10.9M |
| Property, plant & equipment | — | — | 12K | 350K | 285K | 215K | 2K | 248K | 167K | 227K |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — |
| Total assets | 24.8M | 19M | 3.8M | 14.5M | 11M | 16.8M | 33.5M | 22.8M | 16.3M | 11.1M |
| Accounts payable | 2M | 4M | 170K | 638K | 2.6M | 830K | 708K | 821K | 3.9M | 1.1M |
| Short-term debt | 0 | 1.4M | 9.4M | 22K | 24K | 26K | — | 67K | 78K | 68K |
| Total current liabilities | 4.1M | 6.4M | 219K | 2.1M | 3.7M | 2.2M | 11.8M | 6M | 8.3M | 5.6M |
| Long-term debt | — | 8.7M | 141K | 94K | 70K | 45K | 0 | 136K | 58K | 142K |
| Total liabilities | 4.1M | 15.1M | 17.1M | 2.2M | 3.8M | 2.2M | 11.8M | 6.1M | 8.3M | 5.8M |
| Shareholders' equity | 20.6M | 3.9M | -13.3M | 12.3M | 7.2M | 14.6M | 21.8M | 16.7M | 7.9M | 5.3M |
| Total debt | 0 | 10M | 9.6M | 116K | 94K | 71K | 0 | 203K | 136K | 210K |
| Net debt | -24M | -8.4M | 6.7M | -13.8M | -10M | -16.3M | -33.4M | -22.2M | -15.9M | -10.1M |
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 | 25.8M | 22.4M | 16M | 27.9M | 21.7M | 16M | 11.2M | 17.6M | 14.3M | 10.3M | 13.7M | 12.6M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 26.1M | 22.5M | 16.8M | 28.5M | 21.9M | 16.1M | 12M | 18.3M | 14.6M | 10.9M | 14.2M | 13.1M |
| Property, plant & equipment | 259K | 248K | 233K | 213K | 190K | 167K | 145K | 123K | 98K | 227K | 205K | 183K |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 26.4M | 22.8M | 17M | 28.8M | 22.1M | 16.3M | 12.1M | 18.5M | 14.8M | 11.1M | 14.4M | 13.3M |
| Accounts payable | 2M | 821K | 2.1M | 2.6M | 1M | 3.9M | 3.1M | 2.9M | 2.6M | 1.1M | 1M | 921K |
| Short-term debt | 65K | 67K | 70K | 72K | 75K | 78K | 81K | 83K | 79K | 68K | 71K | 74K |
| Total current liabilities | 4.7M | 6M | 6.8M | 9.7M | 9.1M | 8.3M | 7.7M | 8.8M | 8.4M | 5.6M | 5.2M | 6.3M |
| Long-term debt | 153K | 136K | 117K | 98K | 79K | 58K | 37K | 15K | 0 | 142K | 123K | 103K |
| Total liabilities | 4.9M | 6.1M | 6.9M | 9.8M | 9.2M | 8.3M | 7.7M | 8.8M | 8.4M | 5.8M | 5.3M | 6.4M |
| Shareholders' equity | 21.6M | 16.7M | 10.1M | 18.9M | 13M | 7.9M | 4.4M | 9.6M | 6.3M | 5.3M | 9.1M | 6.8M |
| Total debt | 218K | 203K | 187K | 170K | 154K | 136K | 118K | 98K | 79K | 210K | 194K | 177K |
| Net debt | -25.6M | -22.2M | -15.8M | -27.8M | -21.5M | -15.9M | -11.1M | -17.5M | -14.2M | -10.1M | -13.5M | -12.5M |
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 | -14.6M | -33.4M | -15.5M | -21.3M | -29.7M | -15.3M | -14M | -12.5M | -27.6M | -13M |
| Depreciation & amortization | — | — | 0 | 17K | 46K | 48K | 20K | 6K | 20K | 19K |
| Stock-based compensation | 1.7M | 5.3M | 0 | 118K | 699K | 662K | 854K | 222K | 538K | 411K |
| Change in working capital | 1.5M | 2M | 170K | -1M | 1.1M | -1.2M | -202K | 113K | 3.1M | -2.8M |
| Operating cash flow | -10.6M | -26M | -13.5M | -9.9M | -10.4M | -15.7M | -5.1M | -12.1M | -24M | -15.7M |
| Capital expenditure | — | — | -3K | -214K | -4K | -3K | 8K | -50K | -8K | — |
| Investing cash flow | — | — | -3K | -6.1M | 249K | -586K | 8K | -50K | -8K | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 36.6M | 21.1M | 16.5M | 24.2M | 6.8M | 21.9M | 28.7M | -80K | 18.3M | 10M |
| Net change in cash | 26M | -4.9M | 3M | 8.2M | -3.4M | 5.6M | 23.6M | -12.3M | -5.7M | -5.7M |
| Free cash flow | -11M | -26.9M | -14.5M | -7.3M | -10.8M | -15.1M | -11.7M | -10.8M | -24.7M | -15.7M |
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 | 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 | -3.8M | — | — | — | — | — | -3.7M | -4M | -3.4M | -1.9M | -3.8M | -5.3M |
| Depreciation & amortization | 1K | — | — | — | — | — | 4K | 5K | 5K | 5K | 5K | 4K |
| Stock-based compensation | 172K | — | — | — | — | — | 132K | 111K | 97K | 71K | 100K | 130K |
| Change in working capital | 1M | — | — | — | — | — | -825K | -523K | 68K | -1.5M | -301K | 40K |
| Operating cash flow | -2.6M | -4K | 1K | 0 | 3K | 0 | -4.4M | -3.1M | -3M | -4.9M | -4.3M | -3.8M |
| Capital expenditure | -37K | — | — | — | — | — | 0 | — | — | — | — | — |
| Investing cash flow | -37K | — | — | — | — | — | 0 | — | — | — | — | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 0 | — | — | — | — | — | -12K | 9.5M | -357K | 861K | 7.7M | 247K |
| Net change in cash | -2.7M | -4K | 1K | 0 | 3K | 0 | -4.4M | 6.4M | -3.3M | -4M | 3.5M | -3.5M |
| Free cash flow | -2.9M | — | — | — | — | — | -4.8M | -3.1M | -3M | -4.9M | -4.3M | -3.8M |