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 % |
|---|---|---|---|---|---|---|
| FY24 | — | -$1.54 | — | — | — | — |
| FY23 | — | -$5.38 | — | — | $0 | — |
| FY22 | — | -$0.82 | — | — | $77K | — |
| FY21 | — | -$0.71 | — | — | $426K | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY21 | FY22 | FY23 | FY24 |
|---|---|---|---|---|
| Revenue | $426K | $77K | $0 | — |
| YoY change | — | -81.9% | -100% | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | Q3 22 | Q4 22 | Q1 23 | Q2 23 | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q1 25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| YoY change | — | — | — | — | -100% | 0% | 0% | 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 | FY21 | FY22 | FY23 | FY24 |
|---|---|---|---|---|
| Revenue | 426K | 77K | 0 | — |
| Cost of revenue | 30K | 18K | 0 | — |
| Gross profit | 396K | 59K | 0 | — |
| Gross margin | 93% | 76.6% | — | — |
| Research & development | 14.7M | 16.7M | 15.7M | — |
| Selling, general & administrative | 7.6M | 7.7M | 14.1M | — |
| Operating expenses | 22.3M | 24.4M | 29.7M | — |
| Operating income | -21.9M | -24.3M | -29.7M | — |
| Operating margin | -5.1K% | -31.6K% | — | — |
| Non-operating income, net | -84K | -95K | -28M | — |
| Pretax income | -23.3M | -26.7M | -82.9M | — |
| Income tax | 5K | 7K | 7K | — |
| Net income | -23.3M | -26.8M | -83M | — |
| Net margin | -5.5K% | -34.7K% | — | — |
| EBITDA | -20.7M | -23.2M | -52.9M | — |
| EPS | -0.71 | -0.82 | -5.38 | -1.54 |
| Diluted EPS | -0.71 | -0.82 | -5.38 | -1.54 |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | Q3 22 | Q4 22 | Q1 23 | Q2 23 | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q1 25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 3K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | 0 | 15K | — | — | 0 | 0 | — | — | — | — |
| Gross profit | 3K | -15K | — | — | 0 | 0 | — | — | — | — |
| Gross margin | 100% | — | — | — | — | — | — | — | — | — |
| Research & development | 4.1M | 4.1M | 3.6M | 4M | 3.9M | 4.1M | 3.2M | 3.1M | 2.8M | 1.9M |
| Selling, general & administrative | 1.9M | 2.2M | 3.2M | 2.6M | 3M | 5.3M | 4.4M | 4.4M | 4M | 2.8M |
| Operating expenses | 6M | 6.2M | 6.8M | 6.6M | 6.9M | 9.4M | 7.6M | 7.5M | 6.8M | 4.7M |
| Operating income | -6M | -6.3M | -6.8M | -6.6M | -6.9M | -9.4M | -7.6M | -7.5M | -6.8M | -4.7M |
| Operating margin | -199.7K% | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | -65K | -65K | -1.5M | -1.2M | -26.1M | -23.7M | 4M | -8M | 13.9M | 21.6M |
| Pretax income | -6.7M | -6.9M | -8.3M | -7.8M | -33.2M | -33.6M | -5.4M | -16.1M | 6.6M | 15.3M |
| Income tax | 0 | 7K | — | 0 | 0 | 7K | — | 0 | 0 | — |
| Net income | -6.7M | -6.9M | -8.3M | -7.8M | -33.2M | -33.6M | -5.4M | -16.1M | 6.6M | 15.3M |
| Net margin | -223.1K% | — | — | — | — | — | — | — | — | — |
| EBITDA | -6.1M | -5.6M | -8M | -6.2M | -4.9M | -9.1M | -8.5M | -25.5M | -9.4M | 10.8M |
| EPS | -0.21 | — | -0.26 | -0.36 | -2.48 | — | -0.25 | -0.67 | 0.23 | 0.33 |
| Diluted EPS | -0.21 | — | -0.26 | -0.36 | -2.48 | — | -0.25 | -0.67 | 0.15 | -0.04 |
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 | FY21 | FY22 | FY23 | FY24 | Current |
|---|---|---|---|---|---|
| Market cap | — | — | — | — | 1.6M |
| Enterprise value | — | — | — | — | 39.8M |
| Shares outstanding | 32.6M | 32.6M | 15.4M | 28.8M | 28.8M |
| Metric | FY21 | FY22 | FY23 | FY24 | Current |
|---|---|---|---|---|---|
| P/E | — | — | — | — | -0.01 |
| P/B | — | — | — | — | -0.01 |
| EV/EBITDA | — | — | — | — | -1.75 |
| Earnings yield | — | — | — | — | -12.8K% |
| FCF yield | — | — | — | — | -1.3K% |
| Metric | FY21 | FY22 | FY23 | FY24 | Current |
|---|---|---|---|---|---|
| Gross margin | 93% | 76.6% | — | — | — |
| Operating margin | -5.1K% | -31.6K% | — | — | 0% |
| Net margin | -5.5K% | -34.7K% | — | — | 0% |
| ROE | 61.1% | -1.7K% | 141.3% | — | -0.95% |
| ROA | -128.7% | -163.8% | -503.3% | — | -93.3% |
| ROIC | -161.1% | -180.6% | 76.7% | — | — |
| Return on tangible assets | -130% | -165.8% | -509% | — | 3.05% |
| Metric | FY21 | FY22 | FY23 | FY24 | Current |
|---|---|---|---|---|---|
| Current ratio | 0.01 | 0.02 | 0.05 | — | 0.05 |
| Quick ratio | 0.01 | 0.02 | 0.05 | — | 0.05 |
| Debt / equity | -1.37 | 7.7 | -0.34 | — | -0.01 |
| Debt / assets | 2.88 | 0.74 | 1.21 | — | 2.41 |
| Net debt / EBITDA | -2.49 | -0.51 | -0.38 | — | -1.17 |
| Interest coverage | -16.7 | -10.6 | -110.3 | — | 1.18 |
| Effective tax rate | 0% | 0% | 0% | — | — |
| Metric | FY21 | FY22 | FY23 | FY24 | Current |
|---|---|---|---|---|---|
| Revenue per share | 0.01 | 0 | 0 | — | 0 |
| EPS (basic) | -0.71 | -0.82 | -5.38 | -1.54 | -1.54 |
| EPS (diluted) | -0.71 | -0.82 | -5.38 | -1.54 | -1.33 |
| Book value per share | -1.17 | 0.05 | -3.8 | — | -0.98 |
| FCF per share | -0.61 | -0.7 | -1.43 | — | -0.16 |
| Cash per share | 0.01 | 0 | 0 | — | 0 |
| Capex per share | 0.01 | 0 | 0 | — | 0 |
| Metric | FY21 | FY22 | FY23 | FY24 | Current |
|---|---|---|---|---|---|
| Capex / revenue | 94.6% | 80.5% | — | — | — |
| Capex / operating cash flow | -1.96% | -0.27% | -0.22% | — | -0.79% |
| Payout ratio | — | — | — | — | 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 | FY21 | FY22 | FY23 |
|---|---|---|---|
| Cash & short-term investments | 351K | 117K | 26K |
| Receivables | 0 | 29K | 0 |
| Inventory | — | — | — |
| Total current assets | 612K | 350K | 1.9M |
| Property, plant & equipment | 9.1M | 7.6M | 6.1M |
| Goodwill & intangibles | 178K | 194K | 184K |
| Total assets | 18.1M | 16.3M | 16.5M |
| Accounts payable | 1.7M | 975K | 11M |
| Short-term debt | 51.6M | 12M | 10M |
| Total current liabilities | 55.7M | 14.7M | 39.5M |
| Long-term debt | 360K | 0 | 9.9M |
| Total liabilities | 56.1M | 14.8M | 75.2M |
| Shareholders' equity | -38.1M | 1.6M | -58.7M |
| Total debt | 52M | 12M | 19.9M |
| Net debt | 51.6M | 11.9M | 19.9M |
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 22 | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q1 25 |
|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 117K | 8.8M | 26K | 34K | 79K | 8K | 6K |
| Receivables | 29K | 0 | 0 | — | — | — | — |
| Inventory | — | — | — | — | — | — | — |
| Total current assets | 350K | 10.3M | 1.9M | 1.6M | 1.2M | 911K | 2.4M |
| Property, plant & equipment | 7.6M | 6.4M | 6.1M | 6.3M | 6M | 5.7M | 5M |
| Goodwill & intangibles | 194K | 180K | 184K | 182K | 186K | 186K | 192K |
| Total assets | 16.3M | 25.2M | 16.5M | 16.3M | 15.6M | 15M | 15.8M |
| Accounts payable | 975K | 7.9M | 11M | 12.8M | 12.7M | 13.5M | 15.2M |
| Short-term debt | 12M | 5.3M | 10M | 11.7M | 17.4M | 19.9M | 26.9M |
| Total current liabilities | 14.7M | 38.8M | 39.5M | 37.5M | 51.4M | 37.1M | 43.9M |
| Long-term debt | 0 | 14.7M | 9.9M | 10.5M | 10.7M | 10.9M | 11.3M |
| Total liabilities | 14.8M | 65.8M | 75.2M | 71.4M | 85.4M | 62M | 66.2M |
| Shareholders' equity | 1.6M | -40.6M | -58.7M | -55.1M | -69.7M | -47M | -50.3M |
| Total debt | 12M | 20M | 19.9M | 22.2M | 28.1M | 30.7M | 38.2M |
| Net debt | 11.9M | 11.2M | 19.9M | 22.2M | 28M | 30.7M | 38.2M |
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 | FY21 | FY22 | FY23 |
|---|---|---|---|
| Net income | -23.3M | -26.8M | -83M |
| Depreciation & amortization | 1.2M | 1.2M | 1.2M |
| Stock-based compensation | 93K | 69K | 4.1M |
| Change in working capital | 21K | -470K | -364K |
| Operating cash flow | -20.6M | -22.6M | -21.9M |
| Capital expenditure | -403K | -62K | -48K |
| Investing cash flow | -403K | -62K | -48K |
| Dividends paid | — | — | — |
| Share repurchases | — | — | — |
| Financing cash flow | 19.8M | 22.3M | 11.6M |
| Net change in cash | -1.3M | -294K | -10.4M |
| Free cash flow | -20M | -22.7M | -22M |
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 22 | Q1 23 | Q2 23 | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q1 25 |
|---|---|---|---|---|---|---|---|---|---|
| Net income | -6.9M | -8.3M | -7.8M | -33.2M | -33.6M | -5.4M | -16.1M | 6.6M | 15.3M |
| Depreciation & amortization | 746K | 304K | 299K | 300K | 300K | 326K | 326K | 332K | 379K |
| Stock-based compensation | 15K | 1.3M | 982K | 967K | 928K | 1.1M | 1.1M | 1.1M | 707K |
| Change in working capital | -101K | -83K | -95K | -93K | -96K | 92K | 13K | 23K | -65K |
| Operating cash flow | -6M | -5.2M | -8M | -28.4M | -32.2M | -1.7M | -14.8M | 8.3M | -2.8M |
| Capital expenditure | 8K | 0 | 0 | 0 | 0 | 35K | 0 | 0 | -52K |
| Investing cash flow | 8K | 0 | 0 | 0 | 0 | 35K | 0 | 0 | -52K |
| Dividends paid | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 4.8M | 5.6M | 8.1M | 1.9M | -2.1M | 3.8M | 5.3M | 3.6M | 1.6M |
| Net change in cash | -1.2M | 341K | 85K | -26.5M | -34.3M | 2.1M | -9.5M | 11.9M | -1.2M |
| Free cash flow | -5.5M | -4.9M | -5.5M | -4.6M | -7M | -4M | -6M | -3.9M | -2.9M |