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 | -$0.13 | -$0.24 | -84.6% | — | $1.1M | — |
| Q1 26 | -$0.11 | -$0.04 | +63.6% | — | $1.1M | — |
| Q2 25 | -$0.23 | -$0.98 | -326.1% | — | $0 | — |
| Q1 25 | -$0.25 | -$0.34 | -36.0% | — | $0 | — |
| Q4 24 | -$0.37 | -$0.77 | -108.1% | — | $0 | — |
| Q3 24 | -$0.66 | -$0.15 | +77.3% | — | $0 | — |
| Q2 24 | -$0.69 | -$0.75 | -8.7% | — | $0 | — |
| Q1 24 | -$0.55 | -$0.74 | -34.5% | — | $0 | — |
| Q4 23 | -$0.8 | -$0.5 | +37.5% | — | $0 | — |
| Q3 23 | -$0.11 | -$0.07 | +36.4% | — | $0 | — |
| Q2 23 | -$0.14 | -$0.12 | +14.3% | — | $0 | — |
| Q1 23 | -$0.14 | -$0.16 | -14.3% | — | $0 | — |
| Q4 22 | -$0.14 | -$0.16 | -14.3% | — | $0 | — |
| Q3 22 | -$0.14 | -$0.14 | 0.0% | — | $0 | — |
| Q2 22 | -$0.1 | -$0.11 | -10.0% | — | $0 | — |
| Q1 22 | — | -$0.21 | — | — | $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 | — | -$1.34 | — | — | $1.2M | — |
| FY24 | — | -$2.36 | — | — | $0 | — |
| FY23 | — | -$4 | — | — | $0 | — |
| FY22 | — | -$6 | — | — | $0 | — |
| FY21 | — | -$74.4 | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $0 | $1.2M |
| YoY change | — | 0% | 0% | 0% | 0% | +InfinityT% |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 |
|---|
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 1.2M |
| Cost of revenue | — | — | — | — | — | 505K |
| Gross profit | — | — | — | — | — | 720K |
| Gross margin | — | — | — | — | — | 58.8% |
| Research & development | 10.6M | 20.3M | 17M | 13.4M | 6.2M | 3.8M |
| Selling, general & administrative | 11.4M | 74.9M | 27.3M | 14.2M | 13.5M | 13.1M |
| Operating expenses | 51.4M | 115.8M | 44.3M | 27.8M | 18.5M | 16.9M |
| Operating income | -51.4M | -115.8M | -44.3M | -27.8M | -18.5M | -16.2M |
| Operating margin | — | — | — | — | — | -1.3K% |
| Non-operating income, net | -334K | 22.8M | 4.3M | -2.7M | -6.4M | -11.7M |
| Pretax income | -51.8M | -93.1M | -39.8M | -30.1M | -25.1M | -28.6M |
| Income tax | 0 | 0 | 0 | — | — | — |
| Net income | -51.8M | -93.1M | -39.8M | -30.1M | -25.1M | -28.6M |
| Net margin | — | — | — | — | — | -2.3K% |
| EBITDA | -51.4M | -115.8M | -44.6M | -30M | -23.2M | -27M |
| EPS | -15.1 | -74.4 | -6 | -4 | -2.36 | -1.34 |
| Diluted EPS | -15.1 | -74.4 | -6 | -4 | -2.36 | -1.34 |
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 | 242K | 983K | 1.1M | 1.1M |
| Cost of revenue | — | — | — | — | — | — | — | — | 97K | 408K | 631K | 675K |
| Gross profit | — | — | — | — | — | — | — | — | 145K | 575K | 437K | 426K |
| Gross margin | — | — | — | — | — | — | — | — | 59.9% | 58.5% | 40.9% | 38.7% |
| Research & development | 3.3M | 2.5M | 1.7M | 2.8M | 611K | 1M | 804K | 987K | 1.4M | 558K | 1.3M | 2.1M |
| Selling, general & administrative | 2.5M | 1.9M | 4.3M | 4.2M | 2.4M | 2.6M | 2.9M | 2.7M | 2.8M | 4.6M | 3.8M | 4.7M |
| Operating expenses | 5.8M | 4.4M | 6M | 7M | 3M | 3.6M | 3.7M | 3.7M | 4.1M | 5.2M | 5.1M | 6.9M |
| Operating income | -5.8M | -4.4M | -6M | -7M | -3M | -2.4M | -3.7M | -3.7M | -4M | -4.6M | -4.7M | -6.5M |
| Operating margin | — | — | — | — | — | — | — | — | -1.7K% | -470.4% | -444.6% | -590.5% |
| Non-operating income, net | -333K | 80K | -327K | -854K | 1.4M | -6.7M | -1.8M | -13.9M | -1.9M | 5.7M | 3.5M | -9.8M |
| Pretax income | -6.1M | -4.3M | -6.5M | -7.9M | -1.6M | -9.1M | -5.5M | -17.6M | -5.9M | 360K | -1.4M | -16.5M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — |
| Net income | -6.1M | -4.3M | -6.5M | -7.9M | -1.6M | -9.1M | -5.5M | -17.6M | -5.9M | 360K | -1.4M | -16.5M |
| Net margin | — | — | — | — | — | — | — | — | -2.4K% | 36.6% | -133.9% | -1.5K% |
| EBITDA | -6M | -4.2M | -6.3M | -7.9M | -1.7M | -7.4M | -7M | -11.2M | -5.5M | -6.7M | -4.6M | -6.3M |
| EPS | -0.74 | — | -7.4 | -0.75 | -0.15 | — | -0.34 | -0.98 | -0.27 | — | -0.04 | -0.44 |
| Diluted EPS | -0.74 | — | -7.4 | -0.75 | -0.15 | — | -0.34 | -0.98 | -0.27 | — | -0.04 | -0.44 |
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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Market cap | — | — | — | — | — | — | 124.3M |
| Enterprise value | — | — | — | — | — | — | 98.3M |
| Shares outstanding | 3.4M | 4.7M | 6.6M | 7.6M | 10.6M | 21.4M | 21.4M |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | 0.36 |
| P/S | — | — | — | — | — | — | 36.6 |
| P/B | — | — | — | — | — | — | -637.8 |
| EV/EBITDA | — | — | — | — | — | — | -4.97 |
| EV/Sales | — | — | — | — | — | — | 29 |
| Earnings yield | — | — | — | — | — | — | 279.6% |
| FCF yield | — | — | — | — | — | — | -7.76% |
| PEG | — | — | — | — | — | — | -0.01 |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Gross margin | — | — | — | — | — | 58.8% | 38.7% |
| Operating margin | — | — | — | — | — | -1.3K% | -590.5% |
| Net margin | — | — | — | — | — | -2.3K% | 58.8% |
| ROE | 118.3% | -447.3% | -536.6% | 257% | 108.2% | 179.6% | 179.6% |
| ROA | -1.8K% | -284.3% | -154% | -412.2% | -688.2% | -220.9% | -64% |
| ROIC | 114.6% | 1.8K% | 2.1K% | — | — | — | — |
| Return on tangible assets | -1.8K% | -284.3% | -154% | -412.2% | -688.2% | -380.6% | -81.2% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Current ratio | 0.06 | 2.74 | 1.66 | 0.36 | 0.15 | 0.31 | 0.86 |
| Quick ratio | 0.06 | 2.74 | 1.66 | 0.36 | 0.15 | 0.31 | 0.86 |
| Debt / equity | -0.02 | 0.02 | 1.42 | -0.78 | -0.28 | -0.04 | -0.05 |
| Debt / assets | 0.27 | 0.02 | 0.41 | 1.25 | 1.8 | 0.05 | 0.04 |
| Net debt / EBITDA | 0.02 | 0.23 | 0.21 | -0.15 | -0.22 | 0.27 | 1.1 |
| Interest coverage | -923.6 | -5.2K | — | -250.3 | -108.2 | -41.7 | -19.5 |
| Effective tax rate | 0% | 0% | 0% | — | — | — | — |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 0 | 0 | 0 | 0.06 | 0.11 |
| EPS (basic) | -15.1 | -74.4 | -6 | -4 | -2.36 | -1.34 | -1.34 |
| EPS (diluted) | -15.1 | -74.4 | -6 | -4 | -2.36 | -1.34 | -0.51 |
| Book value per share | -12.8 | 4.43 | 1.13 | -1.55 | -2.18 | -0.74 | -0 |
| FCF per share | -0.66 | -8.04 | -6.05 | -2.86 | -1 | -0.66 | -0.55 |
| Cash per share | 0.54 | 5.88 | 3.05 | 0.61 | 0.14 | 0.36 | 0.62 |
| Capex per share | 0 | 0 | 0 | 0 | 0 | — | — |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Capex / operating cash flow | -0.02% | -0.02% | -0.02% | -0.01% | 0% | — | — |
| Payout ratio | — | — | — | — | — | — | 0% |
| — |
| $0 |
| — |
| FY20 | — | -$15.1 | — | — | $0 | — |
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $242K | $983K | $1.1M | $1.1M |
| YoY change | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | +InfinityT% | +InfinityT% | +InfinityT% | +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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Cash & short-term investments | 1.9M | 27.6M | 20.1M | 4.6M | 1.4M | 7.8M |
| Receivables | 831K | 0 | — | — | — | 161K |
| Inventory | — | — | — | — | — | — |
| Total current assets | 2.9M | 32.7M | 25.8M | 6.9M | 3.3M | 8.9M |
| Property, plant & equipment | — | — | — | — | — | 696K |
| Goodwill & intangibles | — | — | — | — | — | 5.4M |
| Total assets | 2.9M | 32.7M | 25.8M | 7.3M | 3.7M | 13M |
| Accounts payable | 3.2M | 3.7M | 2.1M | 4.6M | 4.1M | 4.3M |
| Short-term debt | 249K | 518K | 7.7M | 9.2M | 1.6M | 316K |
| Total current liabilities | 46.2M | 11.9M | 15.6M | 19M | 21.9M | 28.6M |
| Long-term debt | 548K | — | 2.8M | — | 5M | 315K |
| Total liabilities | 46.7M | 11.9M | 18.4M | 19M | 26.9M | 28.9M |
| Shareholders' equity | -43.8M | 20.8M | 7.4M | -11.7M | -23.2M | -15.9M |
| Total debt | 797K | 518K | 10.5M | 9.2M | 6.6M | 631K |
| Net debt | -1.1M | -27.1M | -9.5M | 4.6M | 5.1M | -7.2M |
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 | 8.9M | 4.6M | 1.3M | 1.9M | 1.6M | 1.4M | 5.5M | 2.9M | 7.2M | 7.8M | 6.7M | 26.7M |
| Receivables | — | — | — | — | — | — | — | — | 239K | 161K | 181K | 206K |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 13.1M | 6.9M | 3.3M | 4.9M | 4.1M | 3.3M | 7.3M | 4.6M | 11.9M | 8.9M | 7.4M | 29.2M |
| Property, plant & equipment | — | — | — | — | — | — | — | — | 419K | 696K | 1.2M | 1.8M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | 4.8M | 5.4M | 5.3M | 5.3M |
| Total assets | 13.1M | 7.3M | 3.8M | 5.3M | 4.5M | 3.7M | 7.6M | 4.8M | 15M | 13M | 11.9M | 34.2M |
| Accounts payable | 3.6M | 4.6M | 6.3M | 5M | 4.9M | 4.1M | 4.3M | 3.6M | 4.3M | 4.3M | 4.4M | 3.1M |
| Short-term debt | 10.1M | 9.2M | 6.8M | 7.7M | 3.7M | 1.6M | 8.4M | 10.2M | 10.3M | 316K | 391K | 790K |
| Total current liabilities | 19.3M | 19M | 18.9M | 23.7M | 20.3M | 21.9M | 32.8M | 40.5M | 40.6M | 28.6M | 25.2M | 33.9M |
| Long-term debt | — | — | — | — | 3M | 5M | — | — | 158K | 315K | 543K | 456K |
| Total liabilities | 19.3M | 19M | 18.9M | 23.7M | 23.3M | 26.9M | 32.8M | 40.5M | 40.8M | 28.9M | 25.7M | 34.3M |
| Shareholders' equity | -6.2M | -11.7M | -15.1M | -18.4M | -18.8M | -23.2M | -25.2M | -35.6M | -25.8M | -15.9M | -13.8M | -170K |
| Total debt | 10.1M | 9.2M | 6.8M | 7.7M | 6.7M | 6.6M | 8.4M | 10.2M | 10.4M | 631K | 934K | 1.2M |
| Net debt | 1.2M | 4.6M | 5.5M | 5.8M | 5M | 5.1M | 2.8M | 7.3M | 3.2M | -7.2M | -5.8M | -25.4M |
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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Net income | -51.8M | -93.1M | -39.8M | -30.1M | -25.1M | -28.6M |
| Depreciation & amortization | 2K | 2K | 4K | 5K | 5K | 143K |
| Stock-based compensation | 730K | 7.8M | 3.6M | 387K | 486K | 228K |
| Change in working capital | 352K | 812K | -1.6M | 2.7M | -5.2M | 43K |
| Operating cash flow | -11.1M | -30.2M | -41.8M | -24.1M | -24.1M | -14.1M |
| Capital expenditure | -2K | -7K | -10K | -3K | 0 | — |
| Investing cash flow | -2K | -7K | -10K | -3K | 0 | -2.8M |
| Dividends paid | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — |
| Financing cash flow | 3.2M | 45.5M | 31.7M | 6.2M | 3.5M | 20.2M |
| Net change in cash | -7.8M | 15.3M | -10.1M | -17.9M | -20.6M | 3.3M |
| Free cash flow | -2.3M | -37.7M | -39.8M | -21.7M | -10.6M | -14.1M |
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 | 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 | -6.1M | -4.3M | -6.5M | -7.9M | -1.6M | -9.1M | -5.5M | -17.6M | -5.9M | 360K | -1.4M | -16.5M |
| Depreciation & amortization | 2K | 1K | 1K | 1K | 2K | 1K | 0 | -1K | 43K | 100K | 165K | 173K |
| Stock-based compensation | 351K | -1.2M | 242K | 97K | 104K | 43K | 12K | 67K | 68K | 81K | 151K | 139K |
| Change in working capital | 1.5M | 1M | 2.1M | 2.1M | 740K | -10.2M | 178K | -679K | 550K | -6K | -21K | -1.4M |
| Operating cash flow | -3.8M | -4.6M | -3.9M | -3.5M | -1.4M | -15.3M | -3.3M | -4M | -2.9M | -3.7M | -4.3M | -8.9M |
| Capital expenditure | -2K | 1K | 0 | 0 | 0 | 0 | 0 | — | — | — | — | — |
| Investing cash flow | -2K | 1K | 0 | 0 | 0 | 0 | 0 | — | — | 183K | -213K | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | -1.5M | -1.1M | 395K | 3.1M | -5K | -2.1M | 7.6M | -3.6M | 9.7M | 1.5M | 3.4M | 29.1M |
| Net change in cash | -5.3M | -5.7M | -3.5M | -332K | -1.4M | -17.4M | 4.3M | -7.6M | 6.8M | -2M | -1.1M | 20.2M |
| Free cash flow | -4.6M | -3.2M | -3.7M | -2.6M | -2.3M | -2.1M | -3.5M | -4M | -2.9M | -3.7M | -4.3M | -9.8M |