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 | -$4.69 | -$5.37 | -14.5% | — | $0 | — |
| Q1 26 | -$8.4 | -$5.89 | +29.9% | — | $0 | — |
| Q2 25 | -$9.8 | -$11.6 | -17.9% | — | $0 | — |
| Q1 25 | -$11.9 | -$7.7 | +35.3% | — | $0 | — |
| Q4 24 | -$12.3 | -$10.5 | +14.3% | — | $0 | — |
| Q3 24 | -$11.6 | -$12.3 | -6.1% | — | $0 | — |
| Q2 24 | -$12.6 | -$10.8 | +13.9% | — | $0 | — |
| Q1 24 | -$14 | -$10.8 | +22.5% | — | $0 | — |
| Q4 23 | -$16.1 | -$11.2 | +30.4% | — | $0 | — |
| Q3 23 | -$16.8 | -$15.8 | +6.3% | — | $0 | — |
| Q2 23 | -$0.49 | -$0.58 | -18.4% | — | $0 | — |
| Q1 23 | -$0.48 | -$0.57 | -18.7% | — | $0 | — |
| Q4 22 | -$0.57 | -$0.55 | +3.5% | — | $0 | — |
| Q3 22 | -$0.52 | -$0.54 | -3.8% | — | $0 | — |
| Q2 22 | -$0.33 | -$0.63 | -90.9% | — | $0 | — |
| Q1 22 | -$0.29 | -$0.47 | -62.1% | — | $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 | — | -$33.1 | — | — | $0 | — |
| FY24 | — | -$44.5 | — | — | $0 | — |
| FY23 | — | -$1.91 | — | — | $0 | — |
| FY22 | — | -$2.2 | — | — | $0 | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $785.9K | $422.1K | $186.6K | $31.2K | $0 | $0 | $0 | $0 | $0 | $0 |
| YoY change | +InfinityT% | -46.3% | -55.8% | -83.3% | -100% | 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.
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 785.9K | 422.1K | 186.6K | 31.2K | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | 810.3K | 419.7K | 0 | — | — | — | — | — | — | — |
| Gross profit | -24.4K | 2.5K | 186.6K | — | — | — | — | — | — | — |
| Gross margin | -3.1% | 0.58% | 100% | — | — | — | — | — | — | — |
| Research & development | 0 | 649.7K | 1.2M | 2.2M | 4.3M | 5.7M | 9.9M | 13.6M | 12.2M | 10M |
| Selling, general & administrative | 4.6M | 5.5M | 6.5M | 4.9M | 4.9M | 11.2M | 15M | 11.7M | 11.6M | 10.9M |
| Operating expenses | 4.6M | 6.1M | 7.7M | 7.1M | 9.1M | 16.9M | 24.9M | 25.2M | 23.8M | 20.9M |
| Operating income | -4.7M | -6.1M | -7.5M | -7.1M | -9.1M | -16.9M | -24.9M | -25.2M | -23.8M | -20.9M |
| Operating margin | -592.8% | -1.4K% | -4K% | -22.7K% | — | — | — | — | — | — |
| Non-operating income, net | -871.2K | 231.4K | 1.4M | -588.8K | -4.1K | 346K | 102K | 1.5M | 1.6M | 735K |
| Pretax income | -5.6M | -7.8M | -13M | -7.6M | -9.1M | -16.5M | -24.7M | -23.5M | -21.8M | -19.5M |
| Income tax | — | — | — | — | — | — | — | — | — | — |
| Net income | -3.4M | -7.8M | -13M | -7.6M | -9.1M | -16.5M | -24.7M | -23.5M | -21.8M | -19.5M |
| Net margin | -431% | -1.8K% | -7K% | -24.4K% | — | — | — | — | — | — |
| EBITDA | -4.5M | -6M | -7.4M | -6.1M | -9M | -16.8M | -24.5M | -26.2M | -24.9M | -21.1M |
| EPS | -8.5 | -21.3 | -43.8 | -12.1 | -7.54 | -1.9 | -2.2 | -1.91 | -44.5 | -33.1 |
| Diluted EPS | -8.5 | -21.3 | -43.8 | -12.1 | -7.54 | -1.9 | -2.2 | -1.91 | -44.5 | -33.1 |
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 | 2.8M | 3M | 3.1M | 2.8M | 2.9M | 3.5M | 2.6M | 2.9M | 2.6M | 1.9M | 2.1M | 2.1M |
| Selling, general & administrative | 2.6M | 3.3M | 2.5M | 2.6M | 3.3M | 3.2M | 2.4M | 4.2M | 2.3M | 2.1M | 2M | 1.7M |
| Operating expenses | 5.3M | 6.3M | 5.5M | 5.5M | 6.2M | 6.7M | 5M | 7M | 4.9M | 4M | 4.1M | 3.8M |
| Operating income | -5.3M | -6.3M | -5.5M | -5.5M | -6.2M | -6.7M | -5M | -7M | -4.9M | -4M | -4.1M | -3.8M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | 304K | 577K | 452K | 425K | 434K | 307K | 232K | 160K | 169K | 174K | 191K | 187K |
| Pretax income | -5M | -5.6M | -5M | -5M | -5.6M | -6.2M | -4.5M | -6.7M | -4.5M | -3.7M | -3.8M | -3.6M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — |
| Net income | -5M | -5.6M | -5M | -5M | -5.6M | -6.2M | -4.5M | -6.7M | -4.5M | -3.7M | -3.8M | -3.6M |
| Net margin | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -5.5M | -6.7M | -5.8M | -5.7M | -6.5M | -6.9M | -5.1M | -7.1M | -4.9M | -4.1M | -4.1M | -4M |
| EPS | -0.45 | — | -0.31 | -0.31 | -0.35 | — | -7.7 | -11.6 | -8.05 | — | -5.89 | -5.37 |
| Diluted EPS | -0.45 | — | -0.31 | -0.31 | -0.35 | — | -7.7 | -11.6 | -8.05 | — | -5.89 | -5.37 |
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 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market cap | — | — | 483.3M | — | — | — | — | 2.2B | — | — | 6.1M |
| Enterprise value | — | — | 480.6M | — | — | — | — | 2.2B | — | — | -15.1M |
| Shares outstanding | 438.7K | 387.7K | 374.5K | 630.4K | 1.3M | 8.7M | 11.2M | 12.3M | 489.8K | 589K | 589K |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | — | — | — | -0.26 |
| P/S | — | — | 2.6K | — | — | — | — | — | — | — | — |
| P/B | — | — | 237.3 | — | — | — | — | 47.9 | — | — | 0.28 |
| EV/EBITDA | — | — | -64.9 | — | — | — | — | -82.6 | — | — | 0.87 |
| EV/Sales | — | — | 2.6K | — | — | — | — | — | — | — | — |
| Earnings yield | — | — | — | — | — | — | — | — | — | — | -378% |
| FCF yield | — | — | -1.32% | — | — | — | — | -0.85% | — | — | -156.7% |
| PEG | — | — | — | — | — | — | — | — | — | — | 0 |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin | -3.1% | 0.58% | 100% | — | — | — | — | — | — | — | — |
| Operating margin | -592.8% | -1.4K% | -4K% | -22.7K% | — | — | — | — | — | — | 0% |
| Net margin | -431% | -1.8K% | -7K% | -24.4K% | — | — | — | — | — | — | 0% |
| ROE | 80.3% | 130.7% | -640.5% | -770.3% | -128.7% | -30.4% | -63.7% | -50.9% | -51.8% | -71.8% | -58.5% |
| ROA | -190% | -351.8% | -366.4% | -222% | -86.7% | -28.6% | -59.2% | -48.4% | -48.5% | -65.9% | -36.7% |
| Return on tangible assets | 496.3% | 198.2K% | -585.8% | -222% | -86.7% | -28.6% | -59.2% | -48.4% | -48.5% | -65.9% | -69.4% |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 0.19 | 0.02 | 1.86 | 0.76 | 3 | 34.8 | 25.8 | 34.2 | 20.9 | 13.6 | 11.7 |
| Quick ratio | 0.15 | 0.02 | 1.86 | 0.76 | 3 | 34.8 | 25.8 | 34.2 | 20.9 | 13.6 | 11.7 |
| Debt / equity | -0.15 | -0.44 | 0 | 0.87 | 0.12 | 0.04 | 0.04 | 0.03 | 0.03 | 0.03 | 0.02 |
| Debt / assets | 0.35 | 1.18 | 0 | 0.25 | 0.08 | 0.03 | 0.04 | 0.03 | 0.02 | 0.02 | 0.02 |
| Net debt / EBITDA | -0.13 | -0.43 | 0.37 | 0.07 | 0.94 | 3.15 | 1.52 | 1.72 | 1.69 | 1.3 | 1.23 |
| Interest coverage | -95.5 | -3.06 | -0.9 | — | — | — | — | — | — | — | — |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | 1.79 | 1.09 | 0.5 | 0.05 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (basic) | -8.5 | -21.3 | -43.8 | -12.1 | -7.54 | -1.9 | -2.2 | -1.91 | -44.5 | -33.1 | -33.1 |
| EPS (diluted) | -8.5 | -21.3 | -43.8 | -12.1 | -7.54 | -1.9 | -2.2 | -1.91 | -44.5 | -33.1 | -25 |
| Book value per share | -9.62 | -15.4 | 5.44 | 1.57 | 5.5 | 6.27 | 3.45 | 3.76 | 86.1 | 46.1 | 30.7 |
| FCF per share | -8.64 | -10.9 | -17 | -9.93 | -6.08 | -1.41 | -1.4 | -1.54 | -34.5 | -26.4 | -21.8 |
| Cash per share | 0.13 | 0.2 | 7.32 | 2.07 | 7.23 | 6.31 | 3.48 | 3.77 | 88.1 | 47.9 | 31.5 |
| Capex per share | 0.01 | 0.4 | 0.03 | 0.58 | 0.14 | 0.04 | 0.01 | 0 | 0.08 | — | — |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Capex / revenue | 0.43% | 36.8% | 6.66% | 1.2K% | — | — | — | — | — | — | — |
| Capex / operating cash flow | -0.08% | -3.58% | -0.26% | -5.48% | -2.18% | -3.28% | -0.74% | -0.18% | -0.21% | — | — |
| Payout ratio | — | — | — | — | — | — | — | — | — | — | 0% |
| FY21 | — | -$1.9 | — | — | $0 | — |
| FY20 | — | -$7.54 | — | — | $0 | — |
| FY19 | — | -$12.1 | — | — | $31.2K | — |
| FY18 | — | -$43.8 | — | — | $186.6K | — |
| FY17 | — | -$21.3 | — | — | $422.1K | — |
| FY16 | — | -$8.5 | — | — | $785.9K | — |
| 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 |
| 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 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 56.5K | 77.7K | 2.7M | 1.3M | 9.3M | 54.7M | 39M | 46.4M | 43.2M | 28.2M |
| Receivables | 23.5K | 35.2K | 32K | 0 | — | — | — | — | — | — |
| Inventory | 90.9K | 0 | — | — | — | — | — | — | — | — |
| Total current assets | 393.2K | 170.4K | 2.8M | 1.4M | 9.6M | 55M | 39.4M | 46.9M | 43.7M | 28.8M |
| Property, plant & equipment | 28.8K | 23.8K | 26.2K | 1.4M | 938.9K | 2.6M | 2.4M | 1.7M | 1.2M | 705K |
| Goodwill & intangibles | 2.5M | 2.2M | 1.3M | 0 | — | — | — | — | — | — |
| Total assets | 1.8M | 2.2M | 3.6M | 3.4M | 10.5M | 57.7M | 41.7M | 48.6M | 45M | 29.6M |
| Accounts payable | 542K | 1.5M | 1.1M | 1.2M | 1.4M | 560K | 648K | 427K | 1M | 358K |
| Short-term debt | 632.8K | 2.6M | — | 288.7K | 626.9K | 291K | 314K | 338K | 364K | 390K |
| Total current liabilities | 2.1M | 8.2M | 1.5M | 1.9M | 3.2M | 1.6M | 1.5M | 1.4M | 2.1M | 2.1M |
| Long-term debt | — | — | 0 | 567.9K | 253.7K | 1.7M | 1.4M | 1.1M | 700K | 310K |
| Total liabilities | 6M | 8.2M | 1.5M | 2.4M | 3.4M | 3.3M | 2.9M | 2.4M | 2.8M | 2.4M |
| Shareholders' equity | -4.2M | -6M | 2M | 989.9K | 7.1M | 54.4M | 38.7M | 46.2M | 42.2M | 27.1M |
| Total debt | 632.8K | 2.6M | 0 | 856.6K | 880.6K | 2M | 1.7M | 1.4M | 1.1M | 700K |
| Net debt | 576.3K | 2.5M | -2.7M | -450.6K | -8.5M | -52.7M | -2.8M | -2.2M | -690K | -2.4M |
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 | 25.7M | 46.4M | 42.9M | 39.1M | 48.4M | 43.2M | 38.9M | 35.1M | 31M | 28.2M | 24.9M | 21.5M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 26.2M | 46.9M | 43.2M | 39.5M | 49.1M | 43.7M | 39.5M | 35.6M | 31.5M | 28.8M | 25.5M | 22.1M |
| Property, plant & equipment | 1.8M | 1.7M | 1.6M | 1.4M | 1.3M | 1.2M | 1.1M | 942K | 822K | 705K | 577K | 547K |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 28.1M | 48.6M | 44.8M | 41M | 50.4M | 45M | 40.6M | 36.6M | 32.4M | 29.6M | 26.1M | 22.7M |
| Accounts payable | 1.2M | 427K | 604K | 698K | 894K | 1M | 703K | 1.1M | 626K | 358K | 813K | 540K |
| Short-term debt | 331K | 338K | 344K | 351K | 357K | 364K | 370K | 377K | 286K | 390K | 396K | 402K |
| Total current liabilities | 2M | 1.4M | 1.5M | 1.7M | 2.2M | 2.1M | 1.7M | 3M | 2.4M | 2.1M | 2.1M | 1.9M |
| Long-term debt | 1.1M | 1.1M | 973K | 882K | 791K | 700K | 609K | 505K | 505K | 310K | 207K | 103K |
| Total liabilities | 3.2M | 2.4M | 2.5M | 2.6M | 3M | 2.8M | 2.3M | 3.5M | 2.9M | 2.4M | 2.4M | 2M |
| Shareholders' equity | 24.9M | 46.2M | 42.4M | 38.4M | 47.4M | 42.2M | 38.3M | 33.1M | 29.4M | 27.1M | 23.7M | 20.7M |
| Total debt | 1.5M | 1.4M | 1.3M | 1.2M | 1.1M | 1.1M | 979K | 882K | 791K | 700K | 603K | 505K |
| Net debt | -3.5M | -2.2M | -997K | -1.1M | -16.8M | -690K | -2M | -1.2M | -753K | -2.4M | -2M | -2.3M |
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 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -3.4M | -7.8M | -13M | -7.6M | -9.1M | -16.5M | -24.7M | -23.5M | -21.8M | -19.5M |
| Depreciation & amortization | 151.2K | 139.2K | 133.4K | 396.7K | 384K | 453K | 525K | 546K | 528K | 489K |
| Stock-based compensation | 1.5M | 878.4K | 1.9M | 942K | 881.2K | 6M | 9M | 5.2M | 4.1M | 3.4M |
| Change in working capital | -269.9K | 727.3K | -360.7K | -89.2K | -119.5K | -833K | -202K | -535K | -338K | -364K |
| Operating cash flow | -4.5M | -4.3M | -4.8M | -6.6M | -8.3M | -11.2M | -15.6M | -18.3M | -17.5M | -15.6M |
| Capital expenditure | -3.4K | 155.3K | -12.4K | -363.9K | -180.3K | -368K | -115K | -33K | -37K | — |
| Investing cash flow | -2.6K | 165.3K | -12.4K | -363.9K | -180.3K | -368K | -34.6M | -7.9M | 1.3M | 15.9M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 2.1M | 3.9M | 7.8M | 5.6M | 12.1M | 57.4M | 0 | 25.8M | 13.6M | 782K |
| Net change in cash | -2.4M | -287.7K | 3M | -1.4M | 3.6M | 45.8M | -50.2M | -386K | -2.6M | 1.1M |
| Free cash flow | -3.8M | -4.2M | -6.4M | -6.3M | -7.9M | -12.2M | -15.7M | -18.9M | -16.9M | -15.6M |
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 | 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 | -5M | -5.6M | -5M | -5M | -5.6M | -6.2M | -4.5M | -6.7M | -4.5M | -3.7M | -3.8M | -3.6M |
| Depreciation & amortization | 138K | 134K | 141K | 136K | 129K | 122K | 122K | 130K | 120K | 117K | 124K | 29K |
| Stock-based compensation | 1.1M | 1.1M | 1.1M | 1M | 1M | 1M | 651K | 1.4M | 688K | 637K | 467K | 397K |
| Change in working capital | -251K | -78K | -85K | -84K | 443K | -84K | -85K | -97K | -615K | -91K | -97K | -98K |
| Operating cash flow | -4M | -4.4M | -3.8M | -3.9M | -4.1M | -5.2M | -3.8M | -3.7M | -4.4M | -3.4M | -3.2M | -3.5M |
| Capital expenditure | -3K | -4K | -10K | -14K | -9K | -4K | 0 | — | — | — | — | — |
| Investing cash flow | 4.4M | -22.1M | 2.2M | 4M | 6.2M | -11.1M | 5.2M | 2.8M | 3.7M | 4.2M | 2.8M | 3.7M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | — | — | — | — | — | 0 | — | — | — | 782K | — | — |
| Net change in cash | 434K | -26.6M | -1.6M | 75K | 2.2M | -16.2M | 1.4M | -888K | -741K | 1.5M | -468K | 118K |
| Free cash flow | -4.2M | -5M | -3.6M | -3.9M | -4.3M | -5.1M | -4M | -3.7M | -4.4M | -3.4M | -3.2M | -3.5M |