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 23 | -$0.29 | -$0.29 | 0.0% | — | $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 % |
|---|---|---|---|---|---|---|
| FY23 | — | -$30.8 | — | — | $0 | — |
| FY22 | — | -$65 | — | — | $0 | — |
| FY21 | — | -$63.5 | — | — | $0 | — |
| FY20 | — | -$41.9 | — | — | $0 | — |
| FY19 | — | -$44.9 | — | — | $0 | — |
| FY18 | — | -$38.1 | — | — | $0 | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 |
|---|---|---|---|---|---|---|
| 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 | Q1 23 | Q2 23 | Q3 23 | Q4 23 | Q1 24 | Q2 24 |
|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 |
|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — |
| Research & development | 8M | 15.2M | 17.8M | 37.5M | 47.1M | 19.3M |
| Selling, general & administrative | 5.2M | 5.7M | 10M | 15.8M | 15.9M | 13M |
| Operating expenses | 13.2M | 20.9M | 27.9M | 53.3M | 63.1M | 32.3M |
| Operating income | -13.2M | -20.9M | -27.9M | -53.3M | -63.1M | -32.3M |
| Operating margin | — | — | — | — | — | — |
| Non-operating income, net | 136.8K | 92.3K | -352.5K | 3.2M | -87.7K | -759.9K |
| Pretax income | -12.8M | -20.5M | -29.9M | -50.9M | -62.5M | -32.3M |
| Income tax | — | — | — | — | — | — |
| Net income | -12.8M | -20.5M | -29.9M | -50.9M | -62.5M | -32.3M |
| Net margin | — | — | — | — | — | — |
| EBITDA | -13M | -20.1M | -27.1M | -52.4M | -62.1M | -30.6M |
| EPS | -38.1 | -44.9 | -41.9 | -63.5 | -65 | -30.8 |
| Diluted EPS | -38.1 | -44.9 | -41.9 | -63.5 | -65 | -30.8 |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | Q1 23 | Q2 23 | Q3 23 | Q4 23 | Q1 24 | Q2 24 |
|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — |
| Research & development | 6.1M | 4.9M | 6M | 2.3M | 744K | 647.4K |
| Selling, general & administrative | 3.7M | 2.9M | 4M | 2.4M | 2M | 2.1M |
| Operating expenses | 9.8M | 7.8M | 10M | 4.7M | 2.8M | 2.7M |
| Operating income | -9.8M | -7.8M | -10M | -4.7M | -2.8M | -2.7M |
| Operating margin | — | — | — | — | — | — |
| Non-operating income, net | -14.4K | -5.2K | -13.3K | -727K | -334.6K | 371.2K |
| Pretax income | -9.6M | -7.6M | -9.9M | -5.4M | -3.1M | -2.3M |
| Income tax | — | — | — | — | — | — |
| Net income | -9.6M | -7.6M | -9.9M | -5.4M | -3.1M | -2.3M |
| Net margin | — | — | — | — | — | — |
| EBITDA | -9.6M | -7.5M | -9.7M | -4.4M | -2.2M | -3.1M |
| EPS | -9.17 | -7.25 | -9.4 | — | -2.46 | -1.69 |
| Diluted EPS | -9.17 | -7.25 | -9.4 | — | -2.46 | -1.69 |
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 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | Current |
|---|---|---|---|---|---|---|---|
| Market cap | — | — | — | — | — | — | 139 |
| Enterprise value | — | — | — | — | — | — | -2.4M |
| Shares outstanding | 390.8K | 517.1K | 790.7K | 807.4K | 962.4K | 1M | 1M |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | Current |
|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | 0 |
| P/B | — | — | — | — | — | — | 0 |
| EV/EBITDA | — | — | — | — | — | — | 0.15 |
| Earnings yield | — | — | — | — | — | — | 24.8K% |
| FCF yield | — | — | — | — | — | — | -5.1M% |
| PEG | — | — | — | — | — | — | -0 |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | Current |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | — | 0% |
| Net margin | — | — | — | — | — | — | 0% |
| ROE | -118.7% | -193.6% | 189.6% | -60.8% | -193.5% | -921.6% | -233% |
| ROA | -90.7% | -149.8% | -264.3% | -55.9% | -145.2% | -376.4% | -72.7% |
| Return on tangible assets | -90.7% | -149.8% | -264.3% | -55.9% | -145.2% | -376.4% | -351.7% |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | Current |
|---|---|---|---|---|---|---|---|
| Current ratio | 4.11 | 3.65 | 0.31 | 12 | 3.62 | 1.06 | 0.66 |
| Quick ratio | 4.11 | 3.65 | 0.31 | 12 | 3.62 | 1.06 | 0.66 |
| Debt / equity | — | — | -1.21 | 0 | 0.03 | 0.02 | 0 |
| Debt / assets | — | — | 1.69 | 0 | 0.02 | 0.01 | 0.01 |
| Net debt / EBITDA | — | — | -0.52 | 1.56 | 0.54 | 0.15 | 0.15 |
| Interest coverage | — | -2.8K | -16.7 | -55.2 | — | — | — |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | Current |
|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (basic) | -38.1 | -44.9 | -41.9 | -63.5 | -65 | -30.8 | -30.8 |
| EPS (diluted) | -38.1 | -44.9 | -41.9 | -63.5 | -65 | -30.8 | -18.5 |
| Book value per share | 27.7 | 20.5 | -19.9 | 103.7 | 33.6 | 3.34 | 0.5 |
| FCF per share | -30.9 | -40 | -34.5 | -59.6 | -54.5 | -30 | -12.8 |
| Cash per share | 30.9 | 19.6 | 6.36 | 101.3 | 36 | 4.43 | 1.74 |
| Capex per share | 2.4 | 2.41 | 1.09 | 2.91 | 1.22 | 0.04 | 0.41 |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | Current |
|---|---|---|---|---|---|---|---|
| Capex / operating cash flow | -8.35% | -6.79% | -3.32% | -5.29% | -2.17% | -0.15% | -3.82% |
| Payout ratio | — | — | — | — | — | — | 0% |
| $0 |
| $0 |
| $0 |
| YoY change | — | — | — | — | 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 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 |
|---|---|---|---|---|---|---|
| Cash & short-term investments | 12.1M | 10.1M | 5M | 81.8M | 34.6M | 4.6M |
| Receivables | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — |
| Total current assets | 12.3M | 11M | 8.4M | 86.3M | 37.4M | 5.4M |
| Property, plant & equipment | 1.7M | 2.6M | 2.9M | 4.4M | 5.4M | 1.4M |
| Goodwill & intangibles | — | — | — | — | — | — |
| Total assets | 14.1M | 13.7M | 11.3M | 91M | 43.1M | 8.6M |
| Accounts payable | 860.7K | 1.2M | 2.8M | 1M | 2.4M | 1.3M |
| Short-term debt | — | — | 19.1M | — | 599K | 68.8K |
| Total current liabilities | 3M | 3M | 27M | 7.2M | 10.3M | 5.1M |
| Long-term debt | — | — | — | 0 | 425.8K | 0 |
| Total liabilities | 3.3M | 3.1M | 27.1M | 7.3M | 10.8M | 5.1M |
| Shareholders' equity | 10.8M | 10.6M | -15.8M | 83.8M | 32.3M | 3.5M |
| Total debt | — | — | 19.1M | 0 | 1M | 68.8K |
| Net debt | — | — | 14.1M | -30.3M | -33.6M | -3.1M |
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 | Q1 23 | Q2 23 | Q3 23 | Q4 23 | Q1 24 | Q2 24 |
|---|---|---|---|---|---|---|
| Cash & short-term investments | 22.3M | 16.3M | 9M | 4.6M | 4.5M | 2.4M |
| Receivables | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — |
| Total current assets | 25.4M | — | 10.3M | 5.4M | 6M | 3.1M |
| Property, plant & equipment | 5.1M | — | 4.2M | 1.4M | 1.2M | 1.1M |
| Goodwill & intangibles | — | — | — | — | — | — |
| Total assets | 30.7M | — | 14.6M | 8.6M | 9M | 5.9M |
| Accounts payable | 650.6K | — | 737.5K | 1.3M | 771.6K | 1.3M |
| Short-term debt | 587.9K | — | 501.8K | 68.8K | — | — |
| Total current liabilities | 6.8M | — | 6.2M | 5.1M | 4.6M | 4.7M |
| Long-term debt | 300.2K | — | 102.8K | 0 | — | — |
| Total liabilities | 7.1M | — | 6.3M | 5.1M | 6M | 4.9M |
| Shareholders' equity | 23.6M | — | 8.3M | 3.5M | 3M | 920.5K |
| Total debt | 888.2K | — | 604.6K | 68.8K | — | — |
| Net debt | -21.4M | — | -8.4M | -3.1M | — | — |
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 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 |
|---|---|---|---|---|---|---|
| Net income | -12.8M | -20.5M | -29.9M | -50.9M | -62.5M | -32.3M |
| Depreciation & amortization | 204.6K | 436.4K | 619K | 870.3K | 994.8K | 1M |
| Stock-based compensation | 1.2M | 1.5M | 1.2M | 6M | 5.9M | 3.6M |
| Change in working capital | 192K | 235.1K | 702.5K | -1.3M | 947.8K | -3.1M |
| Operating cash flow | -11.2M | -18.3M | -26.1M | -44.5M | -54.2M | -30.4M |
| Capital expenditure | -937.8K | -1.2M | -864.7K | -2.4M | -1.2M | -44.5K |
| Investing cash flow | -12.6M | 9.4M | 221.9K | -53.8M | 50.3M | -44.5K |
| Dividends paid | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — |
| Financing cash flow | 9.2M | 18.6M | 22.1M | 123.7M | 5.1M | 0 |
| Net change in cash | -14.7M | 9.6M | -3.8M | 25.5M | 1.3M | -30.4M |
| Free cash flow | -12.1M | -20.7M | -27.3M | -48.1M | -52.4M | -31.5M |
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 | Q1 23 | Q2 23 | Q3 23 | Q4 23 | Q1 24 | Q2 24 |
|---|---|---|---|---|---|---|
| Net income | -9.6M | -7.6M | -9.9M | -5.4M | -3.1M | -2.3M |
| Depreciation & amortization | 263.8K | 267.2K | 265.5K | 228.5K | 114.9K | 75.4K |
| Stock-based compensation | 842.4K | 991.1K | 1.1M | 614.2K | 348.3K | 280.5K |
| Change in working capital | -1.9M | -207K | 10.4K | 445.9K | -550.7K | 592.3K |
| Operating cash flow | -10.2M | -6.4M | -8.3M | -4M | -1.3M | -1.4M |
| Capital expenditure | -42.7K | -5K | 3.2K | 0 | 522.6K | 43.6K |
| Investing cash flow | -42.7K | -5K | 3.2K | 0 | 522.6K | 43.6K |
| Dividends paid | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — |
| Financing cash flow | 0 | 0 | 0 | 0 | 3.1M | 0 |
| Net change in cash | -10.2M | -6.4M | -8.3M | -4M | 2.4M | -1.3M |
| Free cash flow | -12.3M | -6M | -7.3M | -5.8M | -2.4M | -2.1M |