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 | -$0.26 | -$0.19 | +26.9% | — | $214K | — |
| Q2 26 | -$0.26 | -$0.18 | +30.8% | — | $0 | — |
| Q1 26 | -$0.22 | -$0.13 | +40.9% | — | $0 | — |
| Q4 25 | -$0.49 | -$0.19 | +61.2% | — | $0 | — |
| Q3 25 | -$0.2 | -$0.19 | +5.0% | — | $0 | — |
| Q2 25 | -$0.09 | -$0.57 | -533.3% | — | $0 | — |
| Q1 25 | -$0.07 | -$0.09 | -28.6% | — | $0 | — |
| Q4 24 | -$0.16 | -$0.08 | +50.0% | — | $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 % |
|---|---|---|---|---|---|---|
| FY25 | — | -$1.06 | — | — | $0 | — |
| FY24 | — | -$0.39 | — | — | $0 | — |
| FY23 | — | -$0.28 | — | — | $0 | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY23 | FY24 | FY25 |
|---|---|---|---|
| Revenue | $0 | $0 | $0 |
| YoY change | — | 0% | 0% |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| 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 | — | — |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY23 | FY24 | FY25 |
|---|---|---|---|
| Revenue | 0 | 0 | 0 |
| Cost of revenue | — | — | — |
| Gross profit | — | — | — |
| Gross margin | — | — | — |
| Research & development | 1.5M | 3.7M | 15.4M |
| Selling, general & administrative | 4.7M | 6.9M | 29.6M |
| Operating expenses | 6.3M | 10.6M | 45M |
| Operating income | -6.3M | -10.6M | -45M |
| Operating margin | — | — | — |
| Non-operating income, net | 33K | 66K | 4.9M |
| Pretax income | -6.3M | -10.2M | -40.1M |
| Income tax | — | — | — |
| Net income | -6.3M | -10.2M | -40.1M |
| Net margin | — | — | — |
| EBITDA | -6.3M | -10.5M | -43.2M |
| EPS | -0.28 | -0.39 | -1.06 |
| Diluted EPS | -0.28 | -0.39 | -1.06 |
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 | 214K |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — | — | 151.8K |
| Gross profit | — | — | — | — | — | — | — | — | — | — | — | 62.2K |
| Gross margin | — | — | — | — | — | — | — | — | — | — | — | 29.1% |
| Research & development | 350.3K | 520K | 290.5K | 2M | 895.2K | 904.9K | 6.7M | 3.7M | 4.2M | 5.4M | 5.7M | 4M |
| Selling, general & administrative | 1M | — | — | — | 2.3M | 2.5M | 15.7M | 5.1M | 6.3M | 6.8M | 8.6M | 11.7M |
| Operating expenses | 1.4M | 520K | 290.5K | 2M | 3.2M | 3.4M | 22.4M | 8.7M | 10.5M | 12.2M | 14.2M | 15.5M |
| Operating income | -1.4M | — | — | — | -3.2M | -3.4M | -22.4M | -8.7M | -10.5M | -12.2M | -14.2M | -15.4M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | -7.2K% |
| Non-operating income, net | — | — | — | — | 451.5K | -503.3K | -57.3K | -380.5K | 5.9M | 778.2K | 140.5K | 335.7K |
| Pretax income | -1.3M | — | — | — | -2.5M | -3.1M | -21.3M | -7.6M | -8.1M | -6.5M | -9.2M | -10.1M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — |
| Net income | -1.3M | — | — | — | -2.5M | -3.1M | -21.3M | -7.6M | -8.1M | -6.5M | -9.2M | -10.1M |
| Net margin | — | — | — | — | — | — | — | — | — | — | — | -4.7K% |
| EBITDA | -1.4M | — | — | — | -3.6M | -2.8M | -22.2M | -8.2M | -10M | -12.5M | -14M | -15.3M |
| EPS | — | -0.06 | -0.06 | -0.17 | — | -0.09 | -0.57 | -0.19 | — | -0.13 | -0.18 | -0.19 |
| Diluted EPS | — | -0.06 | -0.06 | -0.17 | — | -0.09 | -0.57 | -0.19 | — | -0.13 | -0.18 | -0.19 |
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 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|
| Market cap | — | — | — | — | 867.8M |
| Enterprise value | — | — | — | — | 333.5M |
| Shares outstanding | — | 22.4M | 26.2M | 37.9M | 37.9M |
| Metric | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|
| P/E | — | — | — | — | -15.3 |
| P/S | — | — | — | — | 4.1K |
| P/B | — | — | — | — | 1.41 |
| EV/EBITDA | — | — | — | — | -6.47 |
| EV/Sales | — | — | — | — | 1.6K |
| Earnings yield | — | — | — | — | -6.56% |
| FCF yield | — | — | — | — | -4.09% |
| PEG | — | — | — | — | -16 |
| Metric | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|
| Gross margin | — | — | — | — | 29.1% |
| Operating margin | — | — | — | — | -7.4K% |
| Net margin | — | — | — | — | 0% |
| ROE | — | -89.2% | -32.1% | -18% | -8.04% |
| ROA | — | -86.4% | -28.9% | -17.5% | -7.64% |
| Return on tangible assets | — | -86.4% | -28.9% | -19% | -5.73% |
| Metric | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|
| Current ratio | — | 31.8 | 16 | 53.5 | 79.2 |
| Quick ratio | — | 31.8 | 16 | 53.5 | 79.2 |
| Debt / equity | — | 0 | 0.06 | 0.01 | 0 |
| Debt / assets | — | 0 | 0.06 | 0.01 | 0 |
| Net debt / EBITDA | — | 1.11 | 2.52 | 4.65 | 11.1 |
| Metric | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|
| Revenue per share | — | 0 | 0 | 0 | 0 |
| EPS (basic) | — | -0.28 | -0.39 | -1.06 | -1.06 |
| EPS (diluted) | — | -0.28 | -0.39 | -1.06 | -0.69 |
| Book value per share | — | 0.31 | 1.21 | 5.87 | 11.5 |
| FCF per share | — | -0.17 | -0.39 | -0.98 | -0.73 |
| Cash per share | — | 0.31 | 1.09 | 5.36 | 10.8 |
| Capex per share | — | 0 | 0.06 | — | — |
| Metric | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|
| Capex / operating cash flow | — | 0% | -22.4% | — | — |
| Payout ratio | — | — | — | — | 0% |
| — |
| $0 |
| $0 |
| $0 |
| $0 |
| $0 |
| $0 |
| $0 |
| $214K |
| YoY change | — | — | — | — | 0% | — | — | — | 0% | 0% | 0% | +InfinityT% |
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 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Cash & short-term investments | 2.1M | 7M | 28.5M | 203.3M |
| Receivables | — | — | — | 250K |
| Inventory | — | — | — | — |
| Total current assets | 2.2M | 7.2M | 29.3M | 204.7M |
| Property, plant & equipment | — | 0 | 7.1M | 22.5M |
| Goodwill & intangibles | — | — | — | 18.2M |
| Total assets | 2.2M | 7.2M | 35.1M | 228.7M |
| Accounts payable | 102.8K | 190K | 761.5K | 1.3M |
| Short-term debt | — | — | 281.4K | 534.1K |
| Total current liabilities | 137.8K | 225K | 1.8M | 3.8M |
| Long-term debt | — | 0 | 1.7M | 2.3M |
| Total liabilities | 137.8K | 225K | 3.5M | 6.1M |
| Shareholders' equity | 2.1M | 7M | 31.6M | 222.6M |
| Total debt | — | 0 | 1.9M | 2.8M |
| Net debt | — | -7M | -26.6M | -200.5M |
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 | 7M | 7.9M | 6M | 13.8M | 28.5M | 123.3M | 118.6M | 210.2M | 203.3M | 577.8M | 568.9M | 580.6M |
| Receivables | — | — | — | — | — | — | — | 250K | 250K | 86.4K | 0 | 291.5K |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 7.2M | 8.1M | 6.6M | 14.3M | 29.3M | 128.5M | 119.5M | 212.2M | 204.7M | 580.8M | 571.7M | 585.3M |
| Property, plant & equipment | 0 | — | 3.8M | 3.7M | 7.1M | 6.9M | 21.4M | 13.5M | 22.5M | 13.5M | 20.5M | 19M |
| Goodwill & intangibles | — | — | — | — | — | — | 18.2M | 18.2M | 18.2M | 18.2M | 18.2M | 37.7M |
| Total assets | 7.2M | 8.2M | 8.9M | 16.4M | 35.1M | 134.1M | 138.8M | 231.5M | 228.7M | 606.1M | 603.9M | 628M |
| Accounts payable | 190K | 398.3K | 299.5K | 231.6K | 761.5K | 899.3K | 2.5M | 597.5K | 1.3M | 2.5M | 4.4M | 4.7M |
| Short-term debt | — | — | 281K | 352.3K | 281.4K | 322.9K | 454.3K | 493.2K | 534.1K | 540.8K | 547.4K | 636.9K |
| Total current liabilities | 225K | 443.3K | 605.5K | 1.8M | 1.8M | 2.5M | 4.4M | 2.9M | 3.8M | 4.3M | 6M | 7.4M |
| Long-term debt | 0 | — | 1.6M | 1.6M | 1.7M | 1.6M | 2.4M | 2.3M | 2.3M | 2.1M | 2.1M | 2.2M |
| Total liabilities | 225K | 443.3K | 2.2M | 3.4M | 3.5M | 4.1M | 6.8M | 5.2M | 6.1M | 6.5M | 8M | 12M |
| Shareholders' equity | 7M | 7.8M | 6.6M | 13M | 31.6M | 130.1M | 132M | 226.3M | 222.6M | 599.6M | 595.9M | 616M |
| Total debt | 0 | — | 1.9M | 2M | 1.9M | 1.9M | 2.9M | 2.8M | 2.8M | 2.7M | 2.6M | 2.8M |
| Net debt | -7M | — | -4M | -11.8M | -26.6M | -121.4M | -115.7M | -207.4M | -200.5M | -574.8M | -195.1M | -295.6M |
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 | FY23 | FY24 | FY25 |
|---|---|---|---|
| Net income | -6.3M | -10.2M | -40.1M |
| Depreciation & amortization | 0 | 106.9K | 650.7K |
| Stock-based compensation | 2.4M | 320.3K | 18.8M |
| Change in working capital | 87.2K | 1.3M | 140.6K |
| Operating cash flow | -3.8M | -7.6M | -19.6M |
| Capital expenditure | 0 | -1.7M | — |
| Investing cash flow | 0 | -3.7M | 0 |
| Dividends paid | — | — | — |
| Share repurchases | — | — | — |
| Financing cash flow | 8.7M | 31.4M | 191M |
| Net change in cash | 4.9M | 20.1M | 171.4M |
| Free cash flow | -3.9M | -10.2M | -37.1M |
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 | 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 | -1.3M | -1.3M | -1.7M | -4.7M | -2.5M | -3.1M | -21.3M | -7.6M | -8.1M | -6.5M | -9.2M | -10.1M |
| Depreciation & amortization | — | — | — | 42K | 53K | 63.9K | 109.2K | 188.9K | 288.7K | 291.9K | 329K | 416.4K |
| Stock-based compensation | 270K | 0 | 152.5K | 0 | 167.8K | — | 16.5M | 978.8K | 1.4M | 2.1M | 2.7M | 2.3M |
| Change in working capital | -59.8K | 208.3K | -98.8K | 1.2M | 39.3K | 621.7K | 1.6M | -2M | 704.9K | 1M | 1.7M | 151.4K |
| Operating cash flow | -1.1M | -1.1M | -1.6M | -3.4M | -2.2M | -2.4M | -3.1M | -9.1M | -4.9M | -4M | -5.3M | -9.4M |
| Capital expenditure | — | — | — | — | — | — | -3.6M | — | — | — | — | — |
| Investing cash flow | — | — | — | — | — | -3.6M | -3.6M | — | — | -1.6M | 554.8K | 89.7M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 0 | 2.1M | 360K | 10.4M | 18.6M | 92.3M | 0 | 99M | -300K | 378.3M | 50K | 26M |
| Net change in cash | -1.1M | 945.8K | -1.3M | 7M | 16.4M | 86.4M | -6.7M | 89.9M | -5.2M | 372.7M | -4.7M | 106.3M |
| Free cash flow | -1.2M | -1.1M | -2.3M | -2.5M | -4.2M | -3.2M | -15.1M | -9.3M | -9.6M | -5.4M | -12.6M | -10.5M |