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 | -$0.14 | -$0.11 | +21.4% | — | $10K | — |
| Q1 26 | -$0.14 | -$0.12 | +14.3% | — | $0 | — |
| Q4 25 | -$0.14 | -$0.11 | +21.4% | — | $0 | — |
| Q3 25 | -$0.15 | -$0.11 | +26.7% | — | $0 | — |
| Q2 25 | -$0.14 | -$0.12 | +14.3% | — | $0 | — |
| Q1 25 | -$0.14 | -$0.13 | +7.1% | — | $0 | — |
| Q4 24 | -$0.16 | -$0.14 | +12.5% | — | $0 | — |
| Q3 24 | -$0.17 | -$0.13 | +23.5% | — | $0 | — |
| Q2 24 | -$0.16 | -$0.14 | +12.5% | — | $0 | — |
| Q1 24 | -$0.16 | -$0.15 | +6.3% | — | $0 | — |
| Q4 23 | -$0.14 | -$0.14 | 0.0% | — | $0 | — |
| Q3 23 | -$0.16 | -$0.13 | +18.8% | — | $0 | — |
| Q2 23 | -$0.16 | -$0.13 | +18.8% | — | $0 | — |
| Q1 23 | -$0.17 | -$0.12 | +29.4% | — | $0 | — |
| Q4 22 | -$0.15 | -$0.11 | +26.7% | — | $0 | — |
| Q3 22 | -$0.15 | -$0.11 | +26.7% | — | $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 | — | -$0.47 | — | — | $0 | — |
| FY24 | — | -$0.56 | — | — | $0 | — |
| FY23 | — | -$0.51 | — | — | $0 | — |
| FY22 | — | -$0.46 | — | — | $0 | — |
| FY21 | — | -$0.6 | — |
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 | $0 | $0 | $0 | $0 | $0 | $0 |
| YoY change | — | 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.
| Period | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 |
|---|
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 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — |
| Research & development | 12.4M | 29.4M | 37.7M | 47.3M | 50.5M | 41.1M |
| Selling, general & administrative | 3.3M | 21.1M | 25.9M | 28.9M | 31M | 25.7M |
| Operating expenses | 15.7M | 50.5M | 63.6M | 76.2M | 81.5M | 66.8M |
| Operating income | -15.7M | -50.5M | -63.6M | -76.2M | -81.5M | -66.8M |
| Operating margin | — | — | — | — | — | — |
| Non-operating income, net | 125K | -146K | -122K | -73K | -84K | -32K |
| Pretax income | -15.6M | -50.3M | -57.9M | -63.7M | -70.8M | -59M |
| Income tax | — | — | — | — | — | — |
| Net income | -15.6M | -50.3M | -57.9M | -63.7M | -70.8M | -59M |
| Net margin | — | — | — | — | — | — |
| EBITDA | -13.4M | -47.7M | -60.2M | -70.4M | -75.1M | -60.4M |
| EPS | -0.13 | -0.6 | -0.46 | -0.51 | -0.56 | -0.47 |
| Diluted EPS | -0.13 | -0.6 | -0.46 | -0.51 | -0.56 | -0.47 |
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 | 10K |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — | — | 15K |
| Gross profit | — | — | — | — | — | — | — | — | — | — | — | -5K |
| Gross margin | — | — | — | — | — | — | — | — | — | — | — | -50% |
| Research & development | 12M | 12.5M | 12.9M | 12.4M | 12.3M | 12.8M | 11.5M | 10.4M | 9.6M | 9.6M | 9.7M | 9.6M |
| Selling, general & administrative | 7.1M | 7.5M | 8.7M | 8.4M | 6.8M | 7.2M | 7.3M | 6.7M | 5.9M | 5.8M | 6.4M | 6.3M |
| Operating expenses | 19.1M | 20M | 21.6M | 20.8M | 19.1M | 20M | 18.8M | 17.1M | 15.5M | 15.4M | 16.1M | 15.8M |
| Operating income | -19.1M | -20M | -21.6M | -20.8M | -19.1M | -20M | -18.8M | -17.1M | -15.5M | -15.4M | -16.1M | -15.8M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | -157.6K% |
| Non-operating income, net | — | -56K | — | -19K | -20K | -45K | — | -16K | -5K | -11K | -15K | -13K |
| Pretax income | -15.9M | -17M | -18.7M | -18M | -16.4M | -17.6M | -16.6M | -15M | -13.6M | -13.8M | -14.7M | -14.5M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — |
| Net income | -15.9M | -17M | -18.7M | -18M | -16.4M | -17.6M | -16.6M | -15M | -13.6M | -13.8M | -14.7M | -14.5M |
| Net margin | — | — | — | — | — | — | — | — | — | — | — | -144.7K% |
| EBITDA | -17.6M | -18.4M | -20M | -19.2M | -17.5M | -18.4M | -17.2M | -15.5M | -13.9M | -13.8M | -14.6M | -14.5M |
| EPS | -0.13 | — | -0.15 | -0.14 | -0.13 | -0.14 | -0.13 | -0.12 | -0.11 | -0.11 | -0.12 | -0.11 |
| Diluted EPS | -0.13 | — | -0.15 | -0.14 | -0.13 | -0.14 | -0.13 | -0.12 | -0.11 | -0.11 | -0.12 | -0.11 |
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 | 1.3B | — | — | 373.5M | 210.7M | 246.2M | 141.1M |
| Enterprise value | 1.3B | — | — | 234.7M | 111.3M | 172.8M | 66.3M |
| Shares outstanding | 124M | 84.5M | 124.6M | 124.9M | 125.4M | 126.3M | 126.3M |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | -2.36 |
| P/S | — | — | — | — | — | — | 643.9 |
| P/B | -45.3 | — | — | 1.41 | 1.01 | 1.57 | 0.93 |
| EV/EBITDA | -95.1 | — | — | -3.33 | -1.48 | -2.86 | -1.08 |
| EV/Sales | — | — | — | — | — | — | 348.9 |
| Earnings yield | — | — | — | — | — | — | -42.3% |
| FCF yield | -1.11% | — | — | -14.5% | -29.1% | -21.1% | -20.9% |
| PEG | — | — | — | — | — | — | 0.28 |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Gross margin | — | — | — | — | — | — | -50% |
| Operating margin | — | — | — | — | — | — | -8.3K% |
| Net margin | — | — | — | — | — | — | 0% |
| ROE | 52.6% | -13.8% | -18.4% | -24% | -33.9% | -37.6% | -36.2% |
| ROA | -18.4% | -12.6% | -16.5% | -20.8% | -29.2% | -30.9% | -20.8% |
| Return on tangible assets | -18.4% | -12.6% | -16.5% | -20.8% | -29.2% | -30.9% | -34.6% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Current ratio | 25.7 | 60.1 | 27.6 | 19.4 | 17.4 | 13.3 | 10.1 |
| Quick ratio | 25.7 | 60.1 | 27.6 | 19.4 | 17.4 | 13.3 | 10.1 |
| Debt / equity | -0.16 | 0.08 | 0.1 | 0.13 | 0.15 | 0.19 | 0.21 |
| Debt / assets | 0.06 | 0.08 | 0.09 | 0.11 | 0.13 | 0.16 | 0.17 |
| Net debt / EBITDA | 5.37 | 6.62 | 2.56 | 1.97 | 1.32 | 1.22 | 0.99 |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (basic) | -0.13 | -0.6 | -0.46 | -0.51 | -0.56 | -0.47 | -0.47 |
| EPS (diluted) | -0.13 | -0.6 | -0.46 | -0.51 | -0.56 | -0.47 | -0.45 |
| Book value per share | -0.24 | 4.3 | 2.53 | 2.12 | 1.66 | 1.24 | 1.03 |
| FCF per share | -0.12 | -0.49 | -0.39 | -0.43 | -0.49 | -0.41 | -0.41 |
| Cash per share | 0.62 | 4.09 | 1.48 | 1.39 | 1.04 | 0.82 | 0.66 |
| Capex per share | 0.01 | 0.03 | 0.02 | 0.02 | 0.02 | — | — |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Capex / operating cash flow | -6.41% | -5.81% | -5.04% | -5.02% | -3.81% | — | — |
| Payout ratio | — | — | — | — | — | — | 0% |
| — |
| $0 |
| — |
| FY20 | — | -$0.13 | — | — | $0 | — |
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $10K |
| YoY change | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Cash & short-term investments | 76.7M | 345.7M | 184.5M | 173.4M | 129.9M | 103.4M |
| Receivables | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — |
| Total current assets | 77.7M | 349.2M | 187.2M | 176.8M | 132.8M | 106M |
| Property, plant & equipment | 1.4M | 31.9M | 3.7M | 4.3M | 4.1M | 3.5M |
| Goodwill & intangibles | — | — | — | — | — | — |
| Total assets | 85M | 398.4M | 350.1M | 305.6M | 242.7M | 191.1M |
| Accounts payable | 470K | 1.7M | 1.3M | 1.6M | 987K | 943K |
| Short-term debt | 1.5M | 970K | 2M | 3.5M | 4.1M | 3.8M |
| Total current liabilities | 3M | 5.8M | 6.8M | 9.1M | 7.6M | 8M |
| Long-term debt | 3.3M | 29.1M | 28.3M | 31.1M | 26.4M | 26.2M |
| Total liabilities | 114.7M | 34.9M | 35.1M | 40.2M | 34M | 34.1M |
| Shareholders' equity | -29.7M | 363.6M | 314.9M | 265.4M | 208.7M | 157M |
| Total debt | 4.8M | 30M | 30.3M | 34.6M | 30.5M | 30M |
| Net debt | -31.8M | -155.6M | -84.2M | 15.2M | 2.8M | 17.6M |
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 | 183.3M | 173.4M | 181.4M | 167.4M | 140.6M | 129.9M | 138.8M | 147.9M | 131.4M | 103.4M | 95.9M | 84M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 186.8M | 176.8M | 185.1M | 170.9M | 144.2M | 132.8M | 141.6M | 150.7M | 134.3M | 106M | 98.8M | 87.6M |
| Property, plant & equipment | 38M | 4.3M | 36.1M | 4.7M | 4.3M | 4.1M | 3.8M | 3.7M | 3.6M | 3.5M | 3.6M | 4M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 318.3M | 305.6M | 288.6M | 272.7M | 259.7M | 242.7M | 227.7M | 213.2M | 200.9M | 191.1M | 177.8M | 163.6M |
| Accounts payable | 1.1M | 1.6M | 1.9M | 1.6M | 1.5M | 987K | 841K | 974K | 893K | 943K | 1.2M | 1.1M |
| Short-term debt | 3.5M | 3.5M | 3.7M | 3.8M | 4M | 4.1M | 4.2M | 4.2M | 4.2M | 3.8M | 3.9M | 4M |
| Total current liabilities | 8.9M | 9.1M | 9.2M | 8.7M | 8.7M | 7.6M | 8.2M | 8.1M | 9M | 8M | 8.3M | 8.6M |
| Long-term debt | 32.2M | 31.1M | 29.9M | 28.8M | 27.6M | 26.4M | 25.1M | 24M | 22.8M | 26.2M | 25M | 23.8M |
| Total liabilities | 41.1M | 40.2M | 39.2M | 37.5M | 36.3M | 34M | 33.3M | 32.1M | 31.8M | 34.1M | 33.4M | 32.5M |
| Shareholders' equity | 277.3M | 265.4M | 249.5M | 235.3M | 223.4M | 208.7M | 194.4M | 181.1M | 169.1M | 157M | 144.4M | 131.1M |
| Total debt | 35.6M | 34.6M | 33.6M | 32.6M | 31.6M | 30.5M | 29.3M | 28.2M | 27M | 30M | 28.9M | 27.8M |
| Net debt | -38.5M | 15.2M | 7.9M | 7.7M | 27.2M | 2.8M | -3.9M | -6.3M | 3.1M | 17.6M | 14.2M | 14.7M |
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 | -15.6M | -50.3M | -57.9M | -63.7M | -70.8M | -59M |
| Depreciation & amortization | 2.3M | 2.8M | 3.4M | 5.7M | 6.4M | 6.5M |
| Stock-based compensation | 369K | 7.9M | 10.4M | 12.1M | 12.7M | 6.8M |
| Change in working capital | -1.5M | 473K | -2M | -2.8M | -4.7M | -4.8M |
| Operating cash flow | -14.4M | -39.1M | -46.1M | -48.6M | -55.7M | -50.7M |
| Capital expenditure | -921K | -2.3M | -2.3M | -2.4M | -2.1M | — |
| Investing cash flow | -25.3M | -139M | -25.7M | -43.7M | 66.3M | 36.5M |
| Dividends paid | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — |
| Financing cash flow | 75.9M | 327.3M | — | — | — | — |
| Net change in cash | 36.2M | 149.3M | -71.8M | -92.4M | 10.6M | -14.2M |
| Free cash flow | -14.9M | -41.5M | -48.1M | -54.2M | -61.3M | -52M |
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 | -15.9M | -17M | -18.7M | -18M | -16.4M | -17.6M | -16.6M | -15M | -13.6M | -13.8M | -14.7M | -14.5M |
| Depreciation & amortization | 1.5M | 1.6M | 1.6M | 1.6M | 1.6M | 1.6M | 1.6M | 1.6M | 1.6M | 1.6M | 1.5M | 1.3M |
| Stock-based compensation | 3.1M | 3.1M | 3.1M | 3.3M | 3.2M | 3.1M | 2.2M | 1.7M | 1.5M | 1.5M | 1.4M | 1.2M |
| Change in working capital | -604K | -637K | -913K | -1.4M | -762K | -1.6M | -1.3M | -1.1M | -1.2M | -1.2M | -946K | -1.4M |
| Operating cash flow | -11.9M | -13M | -14.9M | -14.6M | -12.4M | -14.5M | -14.1M | -12.8M | -11M | -12.4M | -13.1M | -13.7M |
| Capital expenditure | -874K | -413K | -647K | -512K | -709K | -254K | -219K | -396K | — | — | — | — |
| Investing cash flow | 13.1M | -41.1M | 22.4M | 14.3M | -7.5M | 37.9M | 19.5M | 14.5M | 870K | 1M | 14.7M | 12.5M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | — | — | — | — | — | — | — | — | — | — | — | — |
| Net change in cash | 1.2M | -54.1M | 7.4M | -261K | -19.9M | 23.3M | 5.4M | 1.7M | -10.2M | -11.3M | 1.6M | -1.3M |
| Free cash flow | -12.6M | -14.3M | -16.9M | -16M | -13.8M | -14.6M | -14.2M | -13.7M | -11.5M | -12.6M | -13.6M | -14.2M |