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 | -$0.01 | -$0.17 | -1600.0% | — | $0 | — |
| Q1 26 | -$0.13 | -$0.17 | -30.8% | — | $0 | — |
| Q4 25 | -$0.3 | -$25.5 | -8403.3% | — | $0 | — |
| Q3 25 | -$0.35 | -$0.36 | -2.9% | — | $0 | — |
| Q2 25 | -$0.9 | -$0.43 | +52.2% | — | $0 | — |
| Q1 25 | -$1.07 | -$0.5 | +53.3% | — | $0 | — |
| Q4 24 | -$1.05 | -$0.56 | +46.7% | — | $0 | — |
| Q3 24 | -$1.01 | $2.97 | +394.1% | — | $0 | — |
| Q2 24 | -$0.97 | -$1.09 | -12.4% | — | $0 | — |
| Q1 24 | -$1.2 | -$1.13 | +5.8% | — | $0 | — |
| Q4 23 | -$0.88 | -$1.39 | -58.0% | — | $0 | — |
| Q3 23 | -$0.77 | -$1.03 | -33.8% | — | $0 | — |
| Q2 23 | -$0.44 | -$1.12 | -154.5% | — | $0 | — |
| Q1 23 | -$1.63 | -$1.31 | +19.6% | — | $0 | — |
| Q4 22 | -$0.91 | -$1.26 | -38.5% | — | $0 | — |
| Q3 22 | -$1.41 | -$1.29 | +8.5% | — | $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 | — | -$34.7 | — | — | $0 | — |
| FY24 | — | $0.19 | — | — | $0 | — |
| FY23 | — | -$4.61 | — | — | $0 | — |
| FY22 | — | -$6.01 | — | — | $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 | $41.2M | $0 | $0 | $0 | $0 | $0 |
| YoY change | 0% | 0% | 0% | 0% | +InfinityT% | -100% | 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 | 41.2M | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — |
| Research & development | 20.4M | 30.3M | 34.9M | 58.1M | 22M | 32M | 14.6M | 12.7M | 11.9M | 5.8M |
| Selling, general & administrative | 9.8M | 10.9M | 16.8M | 17.7M | 17.3M | 13.3M | 10.6M | 10.4M | 9.9M | 9.3M |
| Operating expenses | 30.2M | 41.2M | 51.7M | 75.9M | 39.3M | 45.4M | 25.2M | 23.1M | 21.8M | 15.1M |
| Operating income | -30.2M | -41.2M | -51.7M | -75.9M | 1.8M | -45.4M | -25.2M | -23.1M | -21.8M | -15.1M |
| Operating margin | — | — | — | — | 4.49% | — | — | — | — | — |
| Non-operating income, net | 175.1K | 884.9K | 1.7M | 1.4M | 94K | -32.8K | -27.7K | -40.2K | 27.8M | -275.2M |
| Pretax income | -31M | -40.9M | -50.2M | -74.4M | 1.9M | -51.7M | -32.1M | -30M | 1.4M | -293.4M |
| Income tax | 0 | -9.4M | 0 | -2.3M | 0 | -1.8M | 0 | — | — | — |
| Net income | -31M | -31.5M | -50.2M | -72.2M | 1.9M | -49.9M | -32.1M | -30M | 1.4M | -293.4M |
| Net margin | — | — | — | — | 4.71% | — | — | — | — | — |
| EBITDA | -30.2M | -41.2M | -51.7M | -77.1M | 2M | -45.2M | -24.7M | -21.7M | 4.8M | -339.7M |
| EPS | -7.92 | -6.64 | -10.3 | -14.8 | 0.4 | -9.35 | -6.01 | -4.61 | 0.19 | -34.7 |
| Diluted EPS | -7.92 | -6.64 | -10.3 | -14.8 | 0.4 | -9.35 | -6.01 | -4.61 | 0.19 | -34.7 |
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 | 3.4M | 4.7M | 4.2M | 3.9M | 1.9M | 2M | 1.4M | 1.3M | 925.4K | 2.2M | 5.3M | 7.2M |
| Selling, general & administrative | 2.6M | 2.5M | 2.5M | 2.4M | 2.5M | 2.5M | 2.5M | 2.1M | 1.9M | 2.8M | 11.4M | 3.5M |
| Operating expenses | 6.1M | 7.2M | 6.7M | 6.3M | 4.4M | 4.5M | 3.9M | 3.4M | 2.8M | 5M | 16.7M | 10.6M |
| Operating income | -6.1M | -7.2M | -6.7M | -6.3M | -4.4M | -4.5M | -3.9M | -3.4M | -2.8M | -5M | -16.7M | -10.6M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | -5.1K | -19.2K | 363.4K | -4.7K | 26.9M | 250.1K | 149.9K | 115.6K | 100.4K | -275.6M | -108.7M | 28.1M |
| Pretax income | -7.8M | -9M | -8.6M | -8.2M | 22.5M | -4.3M | -3.8M | -3.3M | -2.7M | -283.7M | -125.4M | 17.5M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — |
| Net income | -7.8M | -9M | -8.6M | -8.2M | 22.5M | -4.3M | -3.8M | -3.3M | -2.7M | -283.7M | -125.4M | 17.5M |
| Net margin | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -5.7M | -6.8M | -6.7M | -5.9M | 22.2M | -4.5M | -3.9M | -3.4M | -2.8M | -329.6M | 92.1M | -38.8M |
| EPS | -1.03 | — | -1.13 | -1.09 | 2.97 | — | -0.5 | -0.43 | -0.36 | -25.5 | -2.86 | 0.36 |
| Diluted EPS | -1.03 | — | -1.13 | -1.09 | 2.97 | — | -0.5 | -0.43 | -0.36 | -25.5 | -2.86 | -0.14 |
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 | — | — | — | — | — | — | — | — | — | — | 162.3M |
| Enterprise value | — | — | — | — | — | — | — | — | — | — | 158.8M |
| Shares outstanding | 3.9M | 4.7M | 4.8M | 4.9M | 5.1M | 5.3M | 5.3M | 6.5M | 7.6M | 8.5M | 8.5M |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | — | — | — | 2.51 |
| P/B | — | — | — | — | — | — | — | — | — | — | -0.74 |
| EV/EBITDA | — | — | — | — | — | — | — | — | — | — | -5.57 |
| Earnings yield | — | — | — | — | — | — | — | — | — | — | 39.9% |
| FCF yield | — | — | — | — | — | — | — | — | — | — | -5.46% |
| PEG | — | — | — | — | — | — | — | — | — | — | -0.01 |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | 4.49% | — | — | — | — | — | 0% |
| Net margin | — | — | — | — | 4.71% | — | — | — | — | — | 0% |
| ROE | -29.3% | -24% | -55.6% | -259.8% | 3.69% | -625.7% | 160.3% | 105.4% | -5.6% | 208.5% | 208.5% |
| ROA | -23.4% | -17.2% | -36.1% | -93.1% | 3.37% | -64.7% | -58.3% | -52.7% | 3.87% | -299.5% | -28.4% |
| ROIC | -95.2% | -556.4% | -2.3K% | 426.4% | 6.74% | 86% | 45% | — | — | — | — |
| Return on tangible assets | -89.2% | -36.8% | -122.4% | -415.8% | -77.2% | -105.6% | -127.1% | -110.6% | 19.4% | -430% | -603.4% |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 8.66 | 18.9 | 24.9 | 7.11 | 8.68 | 22.1 | 29.2 | 12.6 | 7.85 | 36.3 | 20.1 |
| Quick ratio | 8.66 | 18.9 | 24.9 | 7.11 | 8.68 | 22.1 | 29.2 | 12.6 | 7.85 | 36.3 | 20.1 |
| Debt / equity | 0.08 | 0.03 | 0 | 0.01 | 0 | — | — | — | — | — | -0 |
| Debt / assets | 0.07 | 0.02 | 0 | 0 | 0 | — | — | — | — | — | — |
| Net debt / EBITDA | 2.46 | 3.02 | 1.7 | 0.59 | -12.5 | — | — | — | — | — | 0.54 |
| Interest coverage | -29.1 | -65.6 | -453.3 | — | — | -7.17 | -3.34 | -2.62 | 1.32 | — | — |
| Effective tax rate | 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 | 8.07 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (basic) | -7.92 | -6.64 | -10.3 | -14.8 | 0.4 | -9.35 | -6.01 | -4.61 | 0.19 | -34.7 | -34.7 |
| EPS (diluted) | -7.92 | -6.64 | -10.3 | -14.8 | 0.4 | -9.35 | -6.01 | -4.61 | 0.19 | -34.7 | -36.1 |
| Book value per share | 26.9 | 27.8 | 18.6 | 5.7 | 10.3 | 1.49 | -3.75 | -4.37 | -3.39 | -16.6 | -4.52 |
| FCF per share | -6.52 | 0.64 | -8.65 | -8.91 | -6.63 | -4.61 | -4.62 | -2.27 | -2.58 | -1.6 | -0.33 |
| Cash per share | 21.1 | 27 | 18.1 | 9.4 | 4.97 | 11.4 | 6.76 | 6.29 | 2.82 | 9.72 | 1.58 |
| Capex per share | 0 | 0.01 | 0 | — | — | 0 | 0 | 0 | — | — | — |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Capex / operating cash flow | 0% | 0.95% | 0% | — | — | 0% | -0.06% | 0% | — | — | — |
| Payout ratio | — | — | — | — | — | — | — | — | — | — | 0% |
| FY21 | — | -$9.35 | — | — | $0 | — |
| FY20 | — | $0.4 | — | — | $41.2M | — |
| FY19 | — | -$14.8 | — | — | $0 | — |
| FY18 | — | -$10.3 | — | — | $0 | — |
| FY17 | — | -$6.64 | — | — | $0 | — |
| FY16 | — | -$7.92 | — | — | $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 | 83M | 128.2M | 88M | 45.9M | 25.4M | 60.8M | 36.1M | 40.9M | 21.4M | 82.3M |
| Receivables | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 83.9M | 129.5M | 90M | 47.1M | 27.4M | 62.2M | 40.2M | 42M | 22.3M | 83.1M |
| Property, plant & equipment | 9.6K | 50.9K | 33.5K | 278K | 0 | 0 | 16.3K | — | — | — |
| Goodwill & intangibles | 98.1M | 98.1M | 98.1M | 60.1M | 60.1M | 29.8M | 29.8M | 29.8M | 29.7M | 29.7M |
| Total assets | 132.9M | 183.7M | 139.1M | 77.5M | 57.6M | 77.1M | 55.1M | 56.9M | 37.1M | 98M |
| Accounts payable | 1.5M | 1.4M | 1.8M | 2.3M | 995.6K | 1.9M | 969.7K | 1.8M | 1.6M | 639.7K |
| Short-term debt | 4.9M | 4M | — | 172.9K | 111.2K | — | — | — | — | — |
| Total current liabilities | 9.7M | 6.8M | 3.6M | 6.6M | 3.2M | 2.8M | 1.4M | 3.3M | 2.8M | 2.3M |
| Long-term debt | 3.8M | 0 | 0 | 111.2K | 0 | — | — | — | — | — |
| Total liabilities | 27M | 52.1M | 48.9M | 49.7M | 5M | 69.1M | 75.1M | 85.4M | 62.8M | 238.7M |
| Shareholders' equity | 106M | 131.6M | 90.3M | 27.8M | 52.7M | 8M | -20M | -28.5M | -25.7M | -140.7M |
| Total debt | 8.7M | 4M | 0 | 284.1K | 111.2K | — | — | — | — | — |
| Net debt | -74.3M | -22.1M | -50.2M | -21.1M | -25.2M | — | — | — | — | — |
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 | 46.9M | 40.9M | 34.8M | 30.9M | 26.5M | 21.4M | 17.3M | 15.2M | 12.3M | 82.3M | 78.1M | 75.3M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 48.2M | 42M | 35.6M | 31.4M | 27.9M | 22.3M | 17.9M | 15.5M | 13M | 83.1M | 79.1M | 79.7M |
| Property, plant & equipment | 12.2K | — | — | — | — | — | — | — | — | — | — | — |
| Goodwill & intangibles | 29.8M | 29.8M | 29.8M | 29.7M | 29.7M | 29.7M | 29.7M | 29.7M | 29.7M | 29.7M | 29.7M | 29.7M |
| Total assets | 63.1M | 56.9M | 50.5M | 46.3M | 42.8M | 37.1M | 32.8M | 30.4M | 28.1M | 98M | 94M | 95.1M |
| Accounts payable | 1.4M | 1.8M | 1.4M | 828.3K | 553.2K | 1.6M | 639.9K | 896.8K | 944.5K | 639.7K | 2.1M | 1.4M |
| Short-term debt | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | 3.3M | 3.3M | 2.8M | 4.2M | 4.5M | 2.8M | 1.9M | 2.5M | 2.7M | 2.3M | 4.5M | 4M |
| Long-term debt | — | — | — | — | — | — | — | — | — | — | — | — |
| Total liabilities | 83.2M | 85.4M | 87.1M | 90.8M | 64.5M | 62.8M | 61.9M | 62.5M | 62.7M | 238.7M | 348M | 308.4M |
| Shareholders' equity | -20M | -28.5M | -36.6M | -44.5M | -21.7M | -25.7M | -29.1M | -32.1M | -34.6M | -140.7M | -254M | -213.3M |
| 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 | -31M | -31.5M | -50.2M | -72.2M | 1.9M | -49.9M | -32.1M | -30M | 1.4M | -293.4M |
| Depreciation & amortization | 16.5K | 11.1K | 17.5K | 161.5K | 176.2K | 101.8K | 8.5K | 31K | 22.5K | 5.4K |
| Stock-based compensation | 3.6M | 5M | 8.2M | 9.2M | 9.7M | 5.2M | 4.1M | 2M | 1.3M | 1.3M |
| Change in working capital | 107.8K | 41.2M | 727.2K | 208.9K | -42.7M | 710.1K | -7.1M | 4M | -197.5K | -1.1M |
| Operating cash flow | -27M | 5.5M | -41.2M | -64.9M | -30.8M | -39.4M | -27.7M | -15.8M | -19.4M | -13.5M |
| Capital expenditure | 0 | -52.4K | 0 | — | — | 0 | -16.3K | 0 | — | — |
| Investing cash flow | 17.8M | -107.2M | 69.5M | 14.1M | 24.5M | 0 | -16.3K | 0 | — | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | 0 | -389 | 0 | — | — | — | — | — | — | — |
| Financing cash flow | 51.5M | 31.7M | -8M | 0 | 12.1M | 60M | -5 | 19.6M | 0 | 74.5M |
| Net change in cash | 42.3M | -69.9M | 20.3M | -50.8M | 5.8M | 20.6M | -27.7M | 3.8M | -19.4M | 60.9M |
| Free cash flow | -25.7M | 3M | -41.9M | -43.4M | -33.8M | -24.6M | -24.7M | -14.8M | -19.6M | -13.5M |
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 | 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 | -7.8M | -9M | -8.6M | -8.2M | 22.5M | -4.3M | -3.8M | -3.3M | -2.7M | -283.7M | -125.4M | 17.5M |
| Depreciation & amortization | 7.7K | 7.7K | 7.7K | 7.7K | 5.6K | 1.4K | 1.4K | 1.4K | 1.4K | 1.4K | 0 | 0 |
| Stock-based compensation | 371.9K | 611.1K | 438.8K | 329.3K | 307.7K | 249.7K | 297.2K | 298.2K | 272.9K | 459K | 8.7M | 2.3M |
| Change in working capital | 1.1M | 410.3K | -369.8K | -607.2K | -275.2K | 1.1M | -967.9K | 256.9K | -72.7K | -275.2K | 1.5M | -693.7K |
| Operating cash flow | -4.3M | -5.8M | -6.2M | -6.2M | -4M | -3M | -4.4M | -2M | -2.9M | -4.5M | -5.4M | -13.3M |
| Capital expenditure | — | — | — | — | — | — | — | — | — | — | — | — |
| Investing cash flow | — | — | — | — | — | — | — | — | — | — | -45.3M | -9.8M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | -86.7K | 0 | — | — | 0 | 0 | — | — | — | -5.5M | -120.9K | -329.6K |
| Net change in cash | -4.3M | -5.8M | -6.2M | -6.2M | -4M | -3M | -4.4M | -2M | -2.9M | -10M | -50.8M | -23.5M |
| Free cash flow | -4.8M | -6M | -6.1M | -3.9M | -4.4M | -5.2M | -4.1M | -2M | -2.9M | -4.5M | -5.4M | -13.3M |