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 % |
|---|---|---|---|---|---|---|
| Q1 22 | — | -$1.73 | — | — | — | — |
| Q4 21 | — | -$0.83 | — | — | — | — |
| Q3 21 | -$1.06 | -$0.2 | +81.1% | — | — | — |
| Q2 21 | — | -$1.54 | — | — | — | — |
| Q1 21 | — | -$1.06 | — | — | — | — |
| Q4 20 | — | -$1.6 | — | — | — | — |
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 | — | -$0.5 | — | — | $29.6M | — |
| FY24 | — | -$1.44 | — | — | -$11.6M | — |
| FY23 | — | -$1.08 | — | — | $30.1M | — |
| FY22 | — | -$1.64 | — | — | $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 | $1.6M | $252K | $116K | $68K | $50K | $10K | $0 | $30.1M | -$11.6M | $29.6M |
| YoY change | +486.8% | -83.8% | -54% | -41.4% | -26.5% | -80% | -100% | +InfinityT% | -138.6% | +355.3% |
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 | 1.6M | 252K | 116K | 68K | 50K | 10K | 0 | 30.1M | -11.6M | 29.6M |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — |
| Research & development | 16.9M | 17.7M | 20.9M | 30.4M | 24.3M | 30.4M | 32.6M | 38.4M | 40.5M | 23.1M |
| Selling, general & administrative | 10.3M | 11.3M | 12.6M | 18.6M | 14.3M | 19M | 17.5M | 21.7M | 20.1M | 20.2M |
| Operating expenses | 27M | 28.8M | 33.4M | 49M | 38.1M | 54.7M | 50.5M | 60.5M | 59.8M | 42.9M |
| Operating income | -21.9M | -25.3M | -30.1M | -46.8M | -36.4M | -52.6M | -46.7M | -26.8M | -68.4M | -10.8M |
| Operating margin | -1.4K% | -10K% | -25.9K% | -68.8K% | -72.9K% | -525.8K% | — | -89.1% | 589.1% | -36.5% |
| Non-operating income, net | -65.7K | -815K | 449K | 423K | -1.6M | 6.2M | 2.1M | -6.3M | 3M | -3.2M |
| Pretax income | -21.8M | -26.1M | -30.3M | -50.9M | -33.6M | -47M | -57M | -39.6M | -68M | -24M |
| Income tax | 90.4K | 0 | 0 | 3K | 9K | 5K | 10K | 120K | 101K | 3K |
| Net income | -21.9M | -26.1M | -30.3M | -50.9M | -33.6M | -47M | -57M | -39.7M | -68.1M | -24M |
| Net margin | -1.4K% | -10.4K% | -26.2K% | -74.9K% | -67.2K% | -470K% | — | -132.1% | 586.8% | -80.8% |
| EBITDA | -21.1M | -24.7M | -29.3M | -44.8M | -29.9M | -51M | -51.8M | -23.8M | -61.3M | -8.8M |
| EPS | -1.43 | -1.5 | -1.55 | -2.35 | -1.38 | -1.35 | -1.64 | -1.08 | -1.44 | -0.5 |
| Diluted EPS | -1.43 | -1.5 | -1.55 | -2.35 | -1.38 | -1.35 | -1.64 | -1.08 | -1.44 | -0.5 |
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 | 21.1M | 47.2M | 36.2M | 35.1M | 119.2M | 83.9M | 41.4M | 75.3M | 49.7M | 52.8M |
| Receivables | 5K | 169K | 25K | 11K | 62K | 0 | 101K | 905K | 3M | 2.1M |
| Inventory | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 26.8M | 53.1M | 42.7M | 46.1M | 125.2M | 93.1M | 52.4M | 87.3M | 61.5M | 62.8M |
| Property, plant & equipment | 2.4M | 3M | 2.9M | 9.4M | 8.3M | -207K | -1.3M | -2.5M | -3.5M | -4.5M |
| Goodwill & intangibles | 144K | 272K | 204K | 326K | 42K | 8K | 2K | 16K | 14K | 20K |
| Total assets | 30.4M | 57.5M | 46.2M | 56.2M | 134M | 101.8M | 59.8M | 93.9M | 67.4M | 67.8M |
| Accounts payable | 4.4M | 5.1M | 4.5M | 6.2M | 5.6M | 5M | 4M | 6.7M | 4.5M | 6.6M |
| Short-term debt | 1.1M | 770K | 500K | 1.1M | 4.9M | 8.2M | 4.6M | 5M | 4.9M | 4.3M |
| Total current liabilities | 8.5M | 9.6M | 11.6M | 14.3M | 19M | 36.8M | 37.9M | 49.9M | 58.9M | 57.5M |
| Long-term debt | 4.3M | 3.7M | 20M | 43.4M | 44.1M | 37.8M | 48.6M | 45.5M | 46M | 91M |
| Total liabilities | 13M | 13.5M | 32M | 58.1M | 63.6M | 75M | 86.8M | 95.7M | 133.1M | 152.2M |
| Shareholders' equity | 17.4M | 43.9M | 14.2M | -1.9M | 70.5M | 26.8M | -27M | -1.8M | -65.7M | -84.5M |
| Total debt | 5.4M | 4.5M | 20.5M | 44.5M | 49M | 46M | 53.2M | 50.6M | 50.9M | 95.3M |
| Net debt | -15.6M | -42.7M | -15.7M | 9.4M | -70.2M | -37.9M | 11.8M | -24.7M | 1.2M | 42.6M |
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 | — | — | — | — | 367.4M | — | 127.6M | 268.8M | — | 1.1B | 1.1B |
| Enterprise value | — | — | — | — | 297.2M | — | 139.4M | 244.1M | — | 1.1B | 1.1B |
| Shares outstanding | 14.9M | 17.1M | 19.1M | 21.1M | 22.3M | 31.7M | 34.8M | 36.9M | 47.3M | 47.8M | 47.8M |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| P/S | — | — | — | — | 7.3K | — | — | 8.94 | — | 37.3 | 37.3 |
| P/B | — | — | — | — | 5.21 | — | -4.72 | -145.8 | — | -13.1 | -13.1 |
| EV/EBITDA | — | — | — | — | -9.94 | — | -2.69 | -10.3 | — | -130 | -130 |
| EV/Sales | — | — | — | — | 5.9K | — | — | 8.12 | — | 38.7 | 38.7 |
| FCF yield | — | — | — | — | -7.53% | — | -29.1% | -4.77% | — | -3.07% | -3.07% |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | -1.4K% | -10K% | -25.9K% | -68.8K% | -72.9K% | -525.8K% | — | -89.1% | 589.1% | -36.5% | -36.5% |
| Net margin | -1.4K% | -10.4K% | -26.2K% | -74.9K% | -67.2K% | -470K% | — | -132.1% | 586.8% | -80.8% | -80.8% |
| ROE | -125.8% | -59.5% | -213.1% | 2.7K% | -47.7% | -175.4% | 210.9% | 2.2K% | 103.7% | 28.4% | 28.4% |
| ROA | -72% | -45.5% | -65.7% | -90.6% | -25.1% | -46.2% | -95.4% | -42.3% | -101.1% | -35.4% | -35.4% |
| ROIC | -1.2K% | -2.1K% | 2.1K% | -621.8% | -12.3K% | 473.2% | 305.9% | 100.8% | 106% | 25.8% | 25.8% |
| Return on tangible assets | -72.3% | -45.7% | -66% | -91.1% | -25.1% | -46.2% | -95.4% | -42.3% | -101.1% | -35.4% | -35.4% |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 3.16 | 5.55 | 3.68 | 3.22 | 6.58 | 2.53 | 1.38 | 1.75 | 1.04 | 1.09 | 1.09 |
| Quick ratio | 3.16 | 5.55 | 3.68 | 3.22 | 6.58 | 2.53 | 1.38 | 1.75 | 1.04 | 1.09 | 1.09 |
| Debt / equity | 0.31 | 0.1 | 1.44 | -23.3 | 0.7 | 1.72 | -1.97 | -27.4 | -0.77 | -1.13 | -1.13 |
| Debt / assets | 0.18 | 0.08 | 0.44 | 0.79 | 0.37 | 0.45 | 0.89 | 0.54 | 0.76 | 1.41 | 1.41 |
| Net debt / EBITDA | 0.74 | 1.73 | 0.53 | -0.21 | 2.35 | 0.74 | -0.23 | 1.04 | -0.02 | -4.82 | -4.82 |
| Interest coverage | -212.2 | -241.1 | -34.8 | -9.62 | -99.8 | -69 | -8.77 | -3.96 | -7.41 | -1.3 | -1.3 |
| 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 | 0.1 | 0.01 | 0.01 | 0 | 0 | 0 | 0 | 0.81 | -0.25 | 0.62 | 0.62 |
| EPS (basic) | -1.43 | -1.5 | -1.55 | -2.35 | -1.38 | -1.35 | -1.64 | -1.08 | -1.44 | -0.5 | -0.5 |
| EPS (diluted) | -1.43 | -1.5 | -1.55 | -2.35 | -1.38 | -1.35 | -1.64 | -1.08 | -1.44 | -0.5 | -0.5 |
| Book value per share | 1.17 | 2.58 | 0.74 | -0.09 | 3.17 | 0.84 | -0.78 | -0.05 | -1.39 | -1.77 | -1.77 |
| FCF per share | -1.23 | -1.31 | -1.38 | -2.02 | -1.24 | -0.95 | -1.07 | -0.35 | -0.43 | -0.71 | -0.71 |
| Cash per share | 1.41 | 2.77 | 1.89 | 1.66 | 5.35 | 2.65 | 1.19 | 2.04 | 1.05 | 1.1 | 1.1 |
| Capex per share | — | 0.08 | 0.02 | 0.05 | 0 | 0.01 | 0 | — | — | — | — |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Capex / revenue | — | 531.3% | 358.6% | 1.6K% | 192% | 2.3K% | — | — | — | — | — |
| Capex / operating cash flow | — | -6.03% | -1.55% | -2.51% | -0.36% | -0.77% | -0.23% | — | — | — | — |
| Payout ratio | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Dividend yield | — | — | — | — | 0% | — | 0% | 0% | — | 0% | 0% |
| — |
| FY21 | — | -$1.35 | — | — | $10K | — |
| FY20 | — | -$1.38 | — | — | $50K | — |
| FY19 | — | -$2.35 | — | — | $68K | — |
| FY18 | — | -$1.55 | — | — | $116K | — |
| FY17 | — | -$1.5 | — | — | $252K | — |
| FY16 | — | -$1.43 | — | — | $1.6M | — |
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 | -21.9M | -26.1M | -30.3M | -50.9M | -33.6M | -47M | -57M | -39.7M | -68.1M | -24M |
| Depreciation & amortization | 482.8K | 489K | 619K | 1.8M | 1.8M | 1.6M | 1.5M | 1.5M | 1.6M | 1.5M |
| Stock-based compensation | 2M | 2.6M | 1.9M | 4.3M | 2.9M | 3.2M | 3.2M | 3.2M | 4.3M | 3.5M |
| Change in working capital | 409.6K | 784.3K | 445K | -3.6M | 6.8M | 11.8M | -606K | 1.2M | 12.3M | 2M |
| Operating cash flow | -19.1M | -22.2M | -26.9M | -43.4M | -26.5M | -29.7M | -40.3M | -12.5M | -19.6M | -33.4M |
| Capital expenditure | — | -1.3M | -416K | -1.1M | -96K | -228K | -92K | — | — | — |
| Investing cash flow | -445K | -2.8M | 161K | -1.1M | -101K | -237K | -91K | — | — | — |
| Dividends paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share repurchases | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 22.9M | 48.5M | 14.8M | 40.5M | 112.5M | -4.1M | -4.7M | 53.7M | -4.2M | 38.9M |
| Net change in cash | 3.4M | 23.5M | -12M | -4M | 85.9M | -34.1M | -45.1M | 41.3M | -23.7M | 5.5M |
| Free cash flow | -18.3M | -22.4M | -26.5M | -42.6M | -27.6M | -30.1M | -37.2M | -12.8M | -20.4M | -34M |