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 | -$0.01 | -$0.02 | -100.0% | — | $0 | — |
| Q1 26 | -$0.53 | -$0.53 | 0.0% | — | $0 | — |
| Q4 25 | -$0.17 | -$0.19 | -11.8% | — | $0 | — |
| Q3 25 | -$0.11 | -$0.11 | 0.0% | — | $0 | — |
| Q2 25 | -$0.03 | -$0.01 | +66.7% | — | $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 | — | -$0.36 | — | — | $0 | — |
| FY24 | — | -$0.31 | — | — | $0 | — |
| FY23 | — | -$1.34 | — | — | $0 | — |
| FY22 | — | -$0.41 | — | — | $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 | 9K | 9K | — | — | — | — | — | — | — | — |
| Gross profit | -9K | -9K | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — |
| Research & development | — | — | — | — | — | — | — | — | — | — |
| Selling, general & administrative | 2.3M | 3.2M | 2.8M | 1.9M | 1.7M | 2M | 2.8M | 4.9M | 7M | 4.2M |
| Operating expenses | 9.5M | 13.8M | 6M | 6.4M | 3.4M | 4.1M | 7.8M | 37.4M | 13.8M | 4.2M |
| Operating income | -9.5M | -13.8M | -6M | -6.4M | -3.4M | -4.1M | -7.8M | -37.4M | -13.8M | -12M |
| Operating margin | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | -1.6M | -567K | -2.1M | -634K | -215K | 811K | -264K | -866K | 6.2M | -6.1M |
| Pretax income | -11.4M | -14.6M | -8.5M | -7.3M | -4M | -4.8M | -10.9M | -40.6M | -12M | -18M |
| Income tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -304K | -139K | 0 |
| Net income | -11.4M | -14.6M | -8.5M | -7.3M | -4M | -4.8M | -10.9M | -40.3M | -11.9M | -18M |
| Net margin | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -8.9M | -13.8M | -6M | -6.4M | -3.4M | -3.9M | -7.8M | -37.4M | -16.1M | -11.8M |
| EPS | -0.7 | -0.8 | -0.4 | -0.3 | -0.2 | -0.2 | -0.41 | -1.34 | -0.31 | -0.36 |
| Diluted EPS | -0.7 | -0.8 | -0.4 | -0.3 | -0.2 | -0.2 | -0.41 | -1.34 | -0.31 | -0.36 |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 | Q3 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Research & development | — | — | — | — | — | — | — | — | — | — | — | — |
| Selling, general & administrative | 2.3M | 1.5M | 1.3M | 3.2M | 1.1M | 780K | 1.7M | 1M | 713K | 3.1M | 2.6M | 2.7M |
| Operating expenses | 3.9M | 3.4M | 2.9M | 5.1M | 2.3M | 1.4M | 2.9M | 2.6M | 5.1M | 12M | 9.5M | 7.3M |
| Operating income | -3.9M | -3.4M | -2.9M | -5.1M | -2.3M | -1.4M | -2.9M | -2.6M | -5.1M | -12M | -9.5M | -7.3M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | 1.3M | 2M | 706K | 1.9M | 1.6M | -663K | 2.4M | -2.8M | — | -32M | 5.9M | 4.8M |
| Pretax income | -4.7M | -3.5M | -3.4M | -4.2M | -937K | -2.1M | -518K | -5.4M | -10M | -43.5M | -1.2M | 325K |
| Income tax | -118K | -101K | 0 | 0 | -38K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income | -4.6M | -3.4M | -3.4M | -4.2M | -899K | -2.1M | -518K | -5.4M | -10M | -43.5M | -1.2M | 325K |
| Net margin | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -3.9M | -3.4M | -2.9M | -4.9M | -4.9M | -1.3M | -2.9M | -2.6M | — | -11.5M | -7.1M | -4.4M |
| EPS | — | -0.09 | -0.09 | -0.11 | — | -0.05 | -0.01 | -0.11 | — | -0.53 | 0 | 0.01 |
| Diluted EPS | — | -0.09 | -0.09 | -0.11 | — | -0.05 | -0.01 | -0.11 | — | -0.53 | 0 | 0.01 |
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 | — | — | — | — | — | — | — | 144.4M | — | — | 505.2M |
| Enterprise value | — | — | — | — | — | — | — | 152.8M | — | — | 100M |
| Shares outstanding | 16.4M | 18.8M | 20.7M | 22.3M | 23.5M | 24.2M | 26.4M | 28.7M | 34.3M | 45.1M | 45.1M |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | — | — | — | -9.64 |
| P/B | — | — | — | — | — | — | — | -16.3 | — | — | 1.18 |
| EV/EBITDA | — | — | — | — | — | — | — | -4.09 | — | — | -2.63 |
| Earnings yield | — | — | — | — | — | — | — | — | — | — | -10.4% |
| FCF yield | — | — | — | — | — | — | — | -12% | — | — | -5.63% |
| PEG | — | — | — | — | — | — | — | — | — | — | 0.09 |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | — | — | — | — | — | 0% |
| Net margin | — | — | — | — | — | — | — | — | — | — | 0% |
| ROE | -184.2% | -506.1% | -266.1% | -151.2% | -151.5% | -36.5% | -61.6% | 454.6% | -469.5% | -61.7% | -22.1% |
| ROA | -74.8% | -128.9% | -75.7% | -66.2% | -36.4% | -19.7% | -47.8% | -192.6% | -59.3% | -41% | -9.38% |
| ROIC | -102.9% | -174.7% | -63.8% | -82.7% | -45.2% | -24.4% | -46.8% | 9.1K% | -164.1% | -319.9% | -217.6% |
| Return on tangible assets | -74.8% | -128.9% | -75.7% | -66.2% | -36.4% | -19.7% | -47.8% | -192.6% | -59.3% | -41% | -12% |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 2 | 0.1 | 0.14 | 0.08 | 0.04 | 1.87 | 1.12 | 1.05 | 0.24 | — | 25.4 |
| Quick ratio | 2 | 0.1 | 0.14 | 0.08 | 0.04 | 1.87 | 1.12 | 1.05 | 0.24 | — | 31.1 |
| Debt / equity | 1.21 | 1.81 | 1.99 | 0.68 | 1.99 | 0.82 | 0.24 | -1.22 | 3.1 | 0 | 0 |
| Debt / assets | 0.49 | 0.46 | 0.56 | 0.3 | 0.48 | 0.44 | 0.19 | 0.52 | 0.39 | 0 | 0 |
| Net debt / EBITDA | -0.34 | -0.36 | -1.04 | -0.46 | -1.44 | -0.91 | 0.13 | -0.23 | -0.36 | 2.16 | 10.9 |
| Interest coverage | -40.5 | -50.2 | -21.7 | -26.6 | -10.3 | -2.13 | -2.85 | -16.4 | -1.68 | -373.6 | -373.6 |
| 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) | -0.7 | -0.8 | -0.4 | -0.3 | -0.2 | -0.2 | -0.41 | -1.34 | -0.31 | -0.36 | -0.36 |
| EPS (diluted) | -0.7 | -0.8 | -0.4 | -0.3 | -0.2 | -0.2 | -0.41 | -1.34 | -0.31 | -0.36 | -0.41 |
| Book value per share | 0.38 | 0.15 | 0.15 | 0.22 | 0.11 | 0.55 | 0.67 | -0.31 | 0.07 | 0.65 | 3 |
| FCF per share | -0.67 | -0.57 | -0.29 | -0.2 | -0.13 | -0.46 | -0.23 | -0.6 | -0.34 | -0.24 | -0.26 |
| Cash per share | 0.27 | 0.01 | 0 | 0.02 | 0.01 | 0.3 | 0.2 | 0.08 | 0.06 | 0.57 | 2.85 |
| Capex per share | 0 | 0 | 0 | 0 | 0 | 0.26 | 0 | 0 | — | — | — |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Capex / operating cash flow | -0.04% | 0% | 0% | 0% | 0% | -217.6% | -0.25% | 0% | — | — | — |
| Payout ratio | — | — | — | — | — | — | — | — | — | — | 0% |
| FY21 | — | -$0.2 | — | — | $0 | — |
| FY20 | — | -$0.2 | — | — | $0 | — |
| FY19 | — | -$0.3 | — | — | $0 | — |
| FY18 | — | -$0.4 | — | — | $0 | — |
| FY17 | — | -$0.8 | — | — | $0 | — |
| FY16 | — | -$0.7 | — | — | $0 | — |
| Period | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 | Q3 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 | 4.4M | 238K | 73K | 357K | 307K | 7.3M | 5.3M | 2.3M | 2M | 25.6M |
| Receivables | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 4.5M | 655K | 565K | 428K | 338K | 7.3M | 5.7M | 3.7M | 2.9M | 26.7M |
| Property, plant & equipment | 10.6M | 10.6M | 10.6M | — | 10.6M | 17M | 17M | 17.1M | 17.1M | 793K |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — |
| Total assets | 15.2M | 11.4M | 11.2M | 11.1M | 11M | 24.5M | 22.8M | 20.9M | 20.1M | 43.8M |
| Accounts payable | 1.3M | — | — | 2.6M | 2.5M | 320K | 769K | 3.3M | 1.8M | — |
| Short-term debt | 1M | 3.3M | 2.2M | 2.3M | 4.9M | 3.5M | 4.3M | 71K | 7.8M | 98K |
| Total current liabilities | 2.3M | 6.5M | 3.9M | 5.2M | 8M | 3.9M | 5.1M | 3.6M | 12M | — |
| Long-term debt | 6.5M | 1.9M | 4.1M | 1M | 344K | 7.3M | 23K | 10.7M | 104K | 33K |
| Total liabilities | 9.1M | 8.5M | 8M | 6.2M | 8.4M | 11.3M | 5.1M | 29.8M | 17.5M | 12.8M |
| Shareholders' equity | 6.2M | 2.9M | 3.2M | 4.9M | 2.6M | 13.2M | 17.7M | -8.9M | 2.5M | 29.2M |
| Total debt | 7.5M | 5.2M | 6.3M | 3.3M | 5.3M | 10.8M | 4.3M | 10.8M | 7.9M | 131K |
| Net debt | 3.1M | 5M | 6.3M | 2.9M | 5M | 3.5M | -1M | 8.5M | 5.8M | -25.4M |
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 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 | Q3 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 2.3M | 1.1M | 634K | 194K | 2M | 150K | 477K | 1.3M | 25.6M | 162.8M | 306.4M | 419.2M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 3.7M | 2.1M | 1.1M | 455K | 2.9M | 1.2M | 738K | 1.4M | 26.7M | 163.5M | 307.6M | 423.5M |
| Property, plant & equipment | 17.1M | 17.1M | 17.1M | 17.1M | 17.1M | 17.1M | 17.1M | 17.1M | 17M | 31M | 32.1M | 33.8M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | 16.4M | 16.1M |
| Total assets | 20.9M | 19.3M | 18.2M | 17.6M | 20.1M | 18.3M | 17.9M | 18.5M | 43.8M | 194.7M | 348M | 469M |
| Accounts payable | 3.3M | 3.5M | 3.9M | 5.1M | 1.8M | 2.7M | 2.5M | 976K | 1.7M | 3.8M | 2.8M | 3M |
| Short-term debt | 71K | 7M | 5.6M | 1.8M | 7.8M | 5.4M | 1.3M | 98K | 98K | 98K | 162K | 162K |
| Total current liabilities | 3.6M | 12.6M | 11.7M | 9.1M | 12M | 8.1M | 3.8M | 1.1M | 1.9M | 4M | 9.8M | 13.6M |
| Long-term debt | 10.7M | 150K | 135K | 120K | 104K | 87K | 70K | 52K | 33K | 14K | 251K | 217K |
| Total liabilities | 29.8M | 24.2M | 22.5M | 18.1M | 17.5M | 14.4M | 9.6M | 9.7M | 14.7M | 43.2M | 40M | 34.6M |
| Shareholders' equity | -8.9M | -5M | -4.3M | -522K | 2.5M | 3.9M | 8.2M | 8.8M | 28.3M | 151.4M | 308M | 434.4M |
| Total debt | 10.8M | 7.1M | 5.7M | 1.9M | 7.9M | 5.5M | 1.3M | 150K | 131K | 112K | 413K | 379K |
| Net debt | 8.5M | 6M | 5.1M | 1.7M | 5.8M | 5.3M | 866K | -1.1M | -25.4M | -162.6M | -305.9M | -418.8M |
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 | -11.4M | -14.6M | -8.5M | -7.3M | -4M | -4.8M | -10.9M | -40.3M | -11.9M | -18M |
| Depreciation & amortization | 9K | 9K | 6K | 0 | 0 | 0 | 3K | 3K | 2K | 3K |
| Stock-based compensation | 1M | 1.5M | 1.3M | 604K | 153K | 797K | 1.7M | 1.8M | 2.9M | 789K |
| Change in working capital | 8K | -2K | 7K | 0 | 0 | 0 | — | — | — | — |
| Operating cash flow | -10.8M | -13M | -7M | -6.7M | -3.8M | -2.9M | -6.5M | -25.2M | -11.1M | -10.7M |
| Capital expenditure | -4K | 0 | 0 | 0 | 0 | -6.3M | -16K | 0 | — | — |
| Investing cash flow | -4K | 9K | 15K | 0 | 0 | -6.3M | -16K | 21K | — | -2K |
| Dividends paid | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 13.3M | 7M | 5.7M | 4.7M | 3M | 16.6M | 4M | 12.6M | 11.4M | 37.9M |
| Net change in cash | 2.5M | -6.1M | -1.3M | -2M | -844K | 7.4M | -2.6M | -12.5M | 299K | 27.3M |
| Free cash flow | -11M | -10.7M | -6.1M | -4.4M | -3M | -11M | -6.2M | -17.3M | -11.7M | -10.7M |
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 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 | Q3 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -4.6M | -3.4M | -3.4M | -4.2M | -899K | -2.1M | -518K | -5.4M | -10M | -43.5M | -1.2M | 325K |
| Depreciation & amortization | 1K | 1K | 0 | 1K | 0 | 1K | 0 | 2K | — | 1K | 45K | 154K |
| Stock-based compensation | 6K | — | — | 2.8M | 102K | — | 781K | 7K | 1K | 2.3M | 784K | 825K |
| Change in working capital | — | — | — | — | — | — | — | — | — | — | — | -602K |
| Operating cash flow | -5.3M | -3.4M | -3M | -1.5M | -3.2M | -1.3M | -1.1M | -4.2M | -4.8M | -6.7M | -838K | -4.4M |
| Capital expenditure | 0 | — | — | — | — | — | -5K | 0 | — | — | — | — |
| Investing cash flow | 0 | — | — | — | — | — | -5K | 0 | — | -56K | -8.4M | 6K |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | -114K | 1.5M | 1.4M | 551K | 7.9M | -3.2M | -2.4M | -3M | -2.1M | 158M | 153.4M | 123.9M |
| Net change in cash | -5.4M | -1.9M | -1.6M | -990K | 4.7M | -4.5M | -3.6M | -7.2M | -6.9M | 151.2M | 144.2M | 119.5M |
| Free cash flow | -5.8M | -2.7M | -1.9M | -991K | -6.1M | -642K | -1.3M | -3.9M | -4.8M | -20.7M | -1.4M | -9M |