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 | -$0.26 | -$0.3 | -15.4% | — | $0 | — |
| Q1 26 | -$0.31 | -$0.26 | +16.1% | — | $0 | — |
| Q4 25 | -$0.31 | -$0.31 | 0.0% | — | $0 | — |
| Q3 25 | -$0.25 | -$0.44 | -76.0% | — | $0 | — |
| Q2 25 | -$0.25 | -$0.3 | -20.0% | — | $0 | — |
| Q1 25 | -$0.25 | -$0.27 | -8.0% | — | $0 | — |
| Q4 24 | -$0.25 | -$0.36 | -44.0% | — | $0 | — |
| Q3 24 | -$0.25 | -$0.24 | +4.0% | — | $0 | — |
| Q2 24 | -$0.31 | -$0.26 | +16.1% | — | $0 | — |
| Q1 24 | -$0.4 | -$0.25 | +37.5% | — | $0 | — |
| Q4 23 | -$0.36 | -$0.41 | -13.9% | — | $0 | — |
| Q3 23 | -$0.34 | -$0.37 | -8.8% | — | $0 | — |
| Q2 23 | -$0.29 | -$0.38 | -31.0% | — | $0 | — |
| Q1 23 | -$0.44 | -$0.27 | +38.6% | — | $0 | — |
| Q4 22 | -$0.38 | -$0.48 | -26.3% | — | $0 | — |
| Q3 22 | -$0.27 | -$0.42 | -55.6% | — | $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 | — | -$1.32 | — | — | $0 | — |
| FY24 | — | -$1.11 | — | — | $0 | — |
| FY23 | — | -$1.43 | — | — | $0 | — |
| FY22 | — | -$1.51 | — | — | $0 | — |
| FY21 | — | -$1.09 | — | — | $0 |
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 | FY25 |
|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $0 |
| YoY change | — | 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 | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 |
|---|
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 | FY25 |
|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — |
| Gross profit | — | — | — | — | — |
| Gross margin | — | — | — | — | — |
| Research & development | 9.5M | 13.2M | 15.4M | 12.9M | 18.2M |
| Selling, general & administrative | 3.3M | 6M | 7.5M | 6.9M | 9.4M |
| Operating expenses | 12.9M | 19.2M | 22.9M | 19.8M | 27.6M |
| Operating income | -12.9M | -19.2M | -22.9M | -19.8M | -27.6M |
| Operating margin | — | — | — | — | — |
| Non-operating income, net | — | — | — | — | — |
| Pretax income | -12.9M | -19.1M | -22.3M | -19M | -26.4M |
| Income tax | — | — | — | — | — |
| Net income | -12.9M | -19.1M | -22.3M | -19M | -26.4M |
| Net margin | — | — | — | — | — |
| EBITDA | -12.9M | -19.2M | -22.9M | -19.8M | -27.6M |
| EPS | -1.09 | -1.51 | -1.43 | -1.11 | -1.32 |
| Diluted EPS | -1.09 | -1.51 | -1.43 | -1.11 | -1.32 |
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 | 4.5M | 4.3M | 2.7M | 2.9M | 2.8M | 4.5M | 3.7M | 3.6M | 5.8M | 5.1M | 4.1M | 4.7M |
| Selling, general & administrative | 1.7M | 2.6M | 1.7M | 1.7M | 1.5M | 2M | 1.9M | 3M | 2M | 2.5M | 2.2M | 2.5M |
| Operating expenses | 6.2M | 6.9M | 4.4M | 4.6M | 4.4M | 6.4M | 5.6M | 6.6M | 7.8M | 7.6M | 6.3M | 7.2M |
| Operating income | -6.2M | -6.9M | -4.4M | -4.6M | -4.4M | -6.4M | -5.6M | -6.6M | -7.8M | -7.6M | -6.3M | -7.2M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | — | — | — | — | — | — | — | — | — | — | — | — |
| Pretax income | -5.9M | -6.6M | -4.2M | -4.4M | -4.2M | -6.2M | -5.3M | -6.3M | -7.5M | -7.3M | -6M | -7M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — |
| Net income | -5.9M | -6.6M | -4.2M | -4.4M | -4.2M | -6.2M | -5.3M | -6.3M | -7.5M | -7.3M | -6M | -7M |
| Net margin | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -6.2M | -6.9M | -4.4M | -4.6M | -4.4M | -6.4M | -5.6M | -6.6M | -7.8M | -7.6M | -6.3M | -7.2M |
| EPS | -0.37 | — | -0.25 | -0.26 | -0.24 | — | -0.27 | -0.3 | -0.44 | — | -0.26 | -0.3 |
| Diluted EPS | -0.37 | — | -0.25 | -0.26 | -0.24 | — | -0.27 | -0.3 | -0.44 | — | -0.26 | -0.3 |
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 | — | — | 94.9M | — | — | — | 679.3M |
| Enterprise value | — | — | 74.9M | — | — | — | 636.6M |
| Shares outstanding | — | 12.7M | 12.7M | 15.6M | 17.1M | 21.8M | 21.8M |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | -15.8 |
| P/B | — | — | 6.68 | — | — | — | 59.5 |
| EV/EBITDA | — | — | -3.9 | — | — | — | -23.1 |
| Earnings yield | — | — | — | — | — | — | -6.33% |
| FCF yield | — | — | -14.3% | — | — | — | -1.31% |
| PEG | — | — | — | — | — | — | -21.1 |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | — | 0% |
| Net margin | — | — | — | — | — | — | 0% |
| ROE | — | 117.1% | -134.2% | -182.4% | -195.6% | -143.6% | -214.6% |
| ROA | — | -193.6% | -93.5% | -116% | -102.1% | -83.4% | -73.1% |
| Return on tangible assets | — | -193.6% | -93.5% | -116% | -102.1% | -83.4% | -124.4% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Current ratio | — | 2.41 | 3.3 | 2.75 | 2.09 | 2.38 | 1.68 |
| Quick ratio | — | 2.41 | 3.3 | 2.75 | 2.09 | 2.38 | 1.68 |
| Debt / equity | — | — | — | — | — | — | 0 |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Revenue per share | — | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (basic) | — | -1.09 | -1.51 | -1.43 | -1.11 | -1.32 | -1.32 |
| EPS (diluted) | — | -1.09 | -1.51 | -1.43 | -1.11 | -1.32 | -1.32 |
| Book value per share | — | -0.87 | 1.12 | 0.78 | 0.57 | 0.84 | 0.34 |
| FCF per share | — | -0.75 | -1.07 | -1.03 | -0.72 | -0.73 | -0.83 |
| Cash per share | — | 0.45 | 1.58 | 1.23 | 1.08 | 1.45 | 0.68 |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Payout ratio | — | — | — | — | — | — | 0% |
| — |
| 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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Cash & short-term investments | 0 | 5.7M | 20M | 19.1M | 18.5M | 31.6M |
| Receivables | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — |
| Total current assets | 0 | 5.8M | 20.4M | 19.2M | 18.6M | 31.7M |
| Property, plant & equipment | — | — | — | — | — | — |
| Goodwill & intangibles | — | — | — | — | — | — |
| Total assets | 0 | 6.7M | 20.4M | 19.2M | 18.6M | 31.7M |
| Accounts payable | 10K | 1.1M | 2.9M | 2.8M | 2.5M | 6.3M |
| Short-term debt | — | — | — | — | — | — |
| Total current liabilities | 10K | 2.4M | 6.2M | 7M | 8.9M | 13.3M |
| Long-term debt | — | — | — | — | — | — |
| Total liabilities | 10K | 17.7M | 6.2M | 7M | 8.9M | 13.3M |
| Shareholders' equity | -10K | -11M | 14.2M | 12.2M | 9.7M | 18.4M |
| Total debt | — | — | — | — | — | — |
| Net debt | — | — | — | — | — | — |
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 | 22.1M | 19.1M | 19.5M | 18.1M | 17.2M | 18.5M | 29.9M | 26.8M | 35.4M | 31.6M | 25.1M | 22.2M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 22.3M | 19.2M | 19.7M | 18.3M | 17.3M | 18.6M | 30.1M | 27M | 35.6M | 31.7M | 25.4M | 22.4M |
| Property, plant & equipment | — | — | — | — | — | — | — | — | — | — | — | — |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 22.3M | 19.2M | 19.7M | 18.3M | 17.3M | 18.6M | 30.1M | 27M | 35.6M | 31.7M | 25.4M | 22.4M |
| Accounts payable | 3.5M | 2.8M | 1.8M | 1.8M | 2.3M | 2.5M | 3M | 5M | 6.4M | 6.3M | 4.7M | 5.2M |
| Short-term debt | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | 5.6M | 7M | 5.7M | 5.8M | 6.3M | 8.9M | 9.2M | 10.1M | 11.6M | 13.3M | 11.2M | 13.3M |
| Long-term debt | — | — | — | — | — | — | — | — | — | — | — | — |
| Total liabilities | 5.6M | 7M | 5.7M | 5.8M | 6.3M | 8.9M | 9.2M | 10.1M | 11.6M | 13.3M | 11.2M | 13.3M |
| Shareholders' equity | 16.7M | 12.2M | 14M | 12.5M | 11M | 9.7M | 21M | 16.9M | 24M | 18.4M | 14.2M | 9.1M |
| 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 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Net income | -12.9M | -19.1M | -22.3M | -19M | -26.4M |
| Depreciation & amortization | — | — | — | — | — |
| Stock-based compensation | 1.9M | 1.7M | 4.7M | 4.9M | 6M |
| Change in working capital | -91K | 3.5M | 1.6M | -288K | 5.1M |
| Operating cash flow | -11.1M | -13.9M | -15.9M | -14.4M | -16M |
| Capital expenditure | — | — | — | — | — |
| Investing cash flow | — | — | — | — | — |
| Dividends paid | — | — | — | — | — |
| Share repurchases | — | — | — | — | — |
| Financing cash flow | 15.2M | 27.8M | 3.9M | 11.7M | 29.1M |
| Net change in cash | 4.2M | 13.9M | -12M | -2.8M | 13.1M |
| Free cash flow | -9.5M | -13.6M | -16M | -12.2M | -16M |
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 | -5.9M | -6.6M | -4.2M | -4.4M | -4.2M | -6.2M | -5.3M | -6.3M | -7.5M | -7.3M | -6M | -7M |
| Depreciation & amortization | — | — | — | — | — | — | — | — | — | — | — | — |
| Stock-based compensation | 1.1M | 1.2M | 1.3M | 1.3M | 1.2M | 1.1M | 1.4M | 1.7M | 1.5M | 1.5M | 1.9M | 1.7M |
| Change in working capital | 138K | 144K | -1.2M | 155K | 459K | 301K | 284K | 2.1M | 1.4M | 1.8M | -1.8M | 541K |
| Operating cash flow | -4.6M | -5.3M | -4.1M | -3M | -2.5M | -4.8M | -3.7M | -3.4M | -4.5M | -4M | -6.5M | -4.5M |
| Capital expenditure | — | — | — | — | — | — | — | — | — | — | — | — |
| Investing cash flow | — | — | — | — | — | — | — | — | — | — | — | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 689K | 917K | 4.7M | 1.7M | 1.5M | 3.8M | 15.5M | 296K | 13.1M | 166K | 7K | 1.6M |
| Net change in cash | -3.9M | -4.3M | 618K | -1.3M | -1.1M | -977K | 11.8M | -3.1M | 8.6M | -3.8M | -6.5M | -3M |
| Free cash flow | -3.2M | -3.9M | -4.4M | -3M | -2.4M | -2.5M | -4.2M | -3.4M | -4.5M | -4M | -6.5M | -4.5M |