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 | -$1.92 | -$1.85 | +3.6% | — | $0 | — |
| Q4 25 | -$2.42 | -$0.81 | +66.5% | — | $0 | — |
| Q3 25 | -$3.98 | -$3.22 | +19.1% | — | $0 | — |
| Q2 25 | -$4.61 | -$11.3 | -144.9% | — | $0 | — |
| Q1 25 | -$4.8 | -$4.68 | +2.5% | — | $0 | — |
| Q4 24 | -$4.32 | -$4.92 | -13.9% | — | $0 | — |
| Q3 24 | -$3.84 | -$4.92 | -28.1% | — | $0 | — |
| Q2 24 | -$4.95 | -$6.6 | -33.3% | — | $0 | — |
| Q1 24 | -$5.52 | -$6.26 | -13.4% | — | $0 | — |
| Q4 23 | -$6.52 | -$6.24 | +4.3% | — | $0 | — |
| Q3 23 | -$0.66 | -$0.51 | +22.7% | — | $0 | — |
| Q2 23 | -$0.59 | -$0.64 | -8.5% | — | $0 | — |
| Q1 23 | -$0.64 | -$0.58 | +9.4% | — | $0 | — |
| Q4 22 | -$0.66 | -$0.62 | +6.1% | — | $0 | — |
| Q3 22 | -$0.63 | -$0.68 | -7.9% | — | $0 | — |
| Q2 22 | -$0.72 | -$0.65 | +9.7% | — | $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 | — | -$19.6 | — | — | $0 | — |
| FY24 | — | -$23.9 | — | — | $0 | — |
| FY23 | — | -$2.25 | — | — | $0 | — |
| FY22 | — | -$2.69 | — | — | $0 | — |
| FY21 | — | -$2.51 | — | — | $0 | — |
| FY20 | — | -$1.33 | — | — | $22.4M | — |
| FY19 | — | -$2.15 | — | — | $6.3M | — |
| FY18 | — | -$2.27 | — | — | $0 | — |
| FY17 | — | -$1.54 | — | — | $0 | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $6.3M | $22.4M | $0 | $0 | $0 | $0 | $0 |
| YoY change | — | 0% | +InfinityT% | +252.6% | -100% | 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 | 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% |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 6.3M | 22.4M | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — |
| Research & development | 13M | 19.8M | 34.2M | 46.6M | 50.2M | 54.2M | 47.9M | 41.5M | 44.9M |
| Selling, general & administrative | 2.6M | 3.4M | 9.6M | 17M | 20.6M | 21.7M | 19.7M | 15.7M | 12.7M |
| Operating expenses | 15.5M | 23.2M | 43.8M | 63.6M | 70.8M | 75.9M | 67.6M | 57.2M | 57.6M |
| Operating income | -15.5M | -23.2M | -37.5M | -41.2M | -70.8M | -75.9M | -67.6M | -57.2M | -57.6M |
| Operating margin | — | — | -590.5% | -184.2% | — | — | — | — | — |
| Non-operating income, net | 80K | 397K | 3.7M | 4.6M | 1.4M | 1.2M | 4.9M | 1.6M | 1.8M |
| Pretax income | -15.5M | -22.8M | -33.7M | -36.6M | -69.4M | -74.7M | -62.7M | -55.7M | -55.8M |
| Income tax | — | — | — | — | — | — | — | — | — |
| Net income | -15.5M | -22.8M | -33.7M | -36.6M | -69.4M | -74.7M | -62.7M | -55.7M | -55.8M |
| Net margin | — | — | -531.5% | -163.6% | — | — | — | — | — |
| EBITDA | -15M | -21.5M | -34.8M | -37.8M | -66.6M | -71.8M | -64M | -51.8M | -55.4M |
| EPS | -1.54 | -2.27 | -2.15 | -1.33 | -2.51 | -2.69 | -2.25 | -23.9 | -19.6 |
| Diluted EPS | -1.54 | -2.27 | -2.15 | -1.33 | -2.51 | -2.69 | -2.25 | -23.9 | -19.6 |
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 | 11M | 11.8M | 11.4M | 12.4M | 8.8M | 8.9M | 7.9M | 24.1M | 6.1M | 6.8M | 6.8M | 7.4M |
| Selling, general & administrative | 4.6M | 4M | 4.4M | 4.1M | 3.7M | 3.6M | 3.7M | 3.2M | 2.8M | 3M | 3.3M | 2.6M |
| Operating expenses | 15.6M | 15.8M | 15.8M | 16.5M | 12.5M | 12.5M | 11.6M | 27.3M | 8.9M | 9.8M | 10.1M | 10M |
| Operating income | -15.6M | -15.8M | -15.8M | -16.5M | -12.5M | -12.5M | -11.6M | -27.3M | -8.9M | -9.8M | -10.1M | -10M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | 1.3M | 1.3M | -1.3M | 1.1M | 955K | 852K | 646K | 484K | 321K | 321K | 309K | -4.9M |
| Pretax income | -14.3M | -14.5M | -17.1M | -15.4M | -11.5M | -11.6M | -11M | -26.8M | -8.6M | -9.4M | -9.8M | -14.9M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — |
| Net income | -14.3M | -14.5M | -17.1M | -15.4M | -11.5M | -11.6M | -11M | -26.8M | -8.6M | -9.4M | -9.8M | -14.9M |
| Net margin | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -14.7M | -15M | -12.4M | -15.8M | -11.8M | -11.8M | -11M | -26.7M | -8.4M | -9.4M | -9.8M | -4.7M |
| EPS | -0.51 | — | -0.61 | -6.6 | -4.92 | — | -4.68 | -11.3 | -3.22 | — | -1.87 | -2.8 |
| Diluted EPS | -0.51 | — | -0.61 | -6.6 | -4.92 | — | -4.68 | -11.3 | -3.22 | — | -1.87 | -2.8 |
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 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 8.4M | 135.2M | 334.6M | 283.4M | 219.6M | 159.9M | 108.3M | 68.6M | 41.8M |
| Receivables | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — |
| Total current assets | 9.4M | 135.8M | 340M | 288M | 227.8M | 164M | 112.7M | 71.8M | 43.7M |
| Property, plant & equipment | 10M | 11.4M | 12.1M | 15.8M | 14M | 16.9M | 13.4M | 8.7M | 5.9M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — |
| Total assets | 19.5M | 147.6M | 356.2M | 306.6M | 242.4M | 184.2M | 128M | 80.9M | 50.2M |
| Accounts payable | 1.1M | 2.5M | 1.9M | 3.9M | 1.9M | 4.3M | 2.3M | 5.4M | 2M |
| Short-term debt | 504K | 514K | 1.7M | 1.7M | — | 518K | 656K | 796K | 1M |
| Total current liabilities | 3.1M | 10.3M | 15M | 10.3M | 6.6M | 9.1M | 6.9M | 9.6M | 10.6M |
| Long-term debt | 460K | 73K | 3.3M | 1.8M | 0 | 6.6M | 5.9M | 5.2M | 4.1M |
| Total liabilities | 43.9M | 194.6M | 34.7M | 12.9M | 9M | 16.6M | 13.6M | 15.4M | 15.2M |
| Shareholders' equity | -24.4M | -46.9M | 321.5M | 293.7M | 233.4M | 167.5M | 114.4M | 65.5M | 34.9M |
| Total debt | 964K | 587K | 5M | 3.5M | 0 | 7.1M | 6.6M | 5.9M | 5.2M |
| Net debt | -7.5M | -134.6M | -29.1M | -29.3M | -12.3M | -19.5M | -6.5M | -21.8M | -20.8M |
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 | 118.2M | 108.3M | 96M | 86.4M | 75.3M | 68.6M | 55.9M | 35.3M | 29.1M | 41.8M | 29.7M | 20.1M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 122.7M | 112.7M | 102.6M | 90.5M | 78.7M | 71.8M | 58.9M | 40M | 32.6M | 43.7M | 31.7M | 22.3M |
| Property, plant & equipment | 14.4M | 13.4M | 10.7M | 10.3M | 9.6M | 8.7M | 7.9M | 7.1M | 6.4M | 5.9M | 5.4M | 283K |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 139.9M | 128M | 115.2M | 102.6M | 90.3M | 80.9M | 67.1M | 47.7M | 39.6M | 50.2M | 38M | 22.6M |
| Accounts payable | 2.6M | 2.3M | 4.5M | 5.1M | 3.6M | 5.4M | 2.7M | 2.5M | 2.4M | 2M | 3.1M | 2.6M |
| Short-term debt | — | 656K | — | — | — | 796K | — | — | — | 1M | — | — |
| Total current liabilities | 6.6M | 6.9M | 9.6M | 10.8M | 8.7M | 9.6M | 5.7M | 10.8M | 11M | 10.6M | 6.9M | 6.4M |
| Long-term debt | 6.1M | 5.9M | 5.8M | 5.6M | 5.4M | 5.2M | 4.9M | 4.7M | 4.4M | 4.1M | 3.9M | 3.6M |
| Total liabilities | 13.5M | 13.6M | 16.1M | 17.1M | 14.8M | 15.4M | 11.3M | 16M | 16M | 15.2M | 11.3M | 10.5M |
| Shareholders' equity | 126.5M | 114.4M | 99M | 85.4M | 75.6M | 65.5M | 55.9M | 31.6M | 23.6M | 34.9M | 26.7M | 12.1M |
| Total debt | 6.1M | 6.6M | 5.8M | 5.6M | 5.4M | 5.9M | 4.9M | 4.7M | 4.4M | 5.2M | 3.9M | 3.6M |
| Net debt | -13.4M | -6.5M | -12.6M | -15.3M | -22.3M | -21.8M | -16.9M | -226K | -2.9M | -20.8M | -11.3M | -11.7M |
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 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|
| Net income | -15.5M | -22.8M | -33.7M | -36.6M | -69.4M | -74.7M | -62.7M | -55.7M | -55.8M |
| Depreciation & amortization | 582K | 1.7M | 2.7M | 3.4M | 4.2M | 4.1M | 3.7M | 2.9M | 2.2M |
| Stock-based compensation | 75K | 263K | 1.9M | 7.9M | 10.3M | 9.5M | 8.2M | 6.3M | 3M |
| Change in working capital | 830K | 28M | -4.7M | -20M | 1.4M | 2.3M | -2.7M | 2.1M | -4.5M |
| Operating cash flow | -14M | 7.2M | -33.8M | -45.3M | -53.5M | -58.4M | -53M | -43.8M | -49.6M |
| Capital expenditure | -8.7M | -3.1M | -3.4M | -7.1M | -2.4M | -2.1M | -820K | -474K | — |
| Investing cash flow | -8.7M | -3.1M | -303.9M | 43.5M | 36.6M | 68M | 39.3M | 55.3M | 25.6M |
| Dividends paid | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 24.9M | 121.4M | 243M | -1.4M | -3.5M | 0 | — | 39K | 22.3M |
| Net change in cash | 2.2M | 125.5M | -94.7M | -3.2M | -20.4M | 9.6M | -13.7M | 11.6M | -1.8M |
| Free cash flow | -21.2M | 4.9M | -39M | -52.1M | -59.6M | -56M | -53.8M | -41.3M | -49.6M |
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 | -14.3M | -14.5M | -17.1M | -15.4M | -11.5M | -11.6M | -11M | -26.8M | -8.6M | -9.4M | -9.8M | -14.9M |
| Depreciation & amortization | 946K | 824K | 790K | 701K | 700K | 674K | 654K | 633K | 533K | 365K | 283K | 272K |
| Stock-based compensation | 2M | 2M | 1.7M | 1.6M | 1.5M | 1.5M | 1.4M | 588K | 600K | 435K | 344K | 304K |
| Change in working capital | -406K | -473K | 2M | 371K | -1.7M | 1.5M | -2.9M | -474K | -441K | -678K | 754K | -804K |
| Operating cash flow | -11.6M | -12M | -12.5M | -12.6M | -10.9M | -7.8M | -11.7M | -22.7M | -6.3M | -7.6M | -13.4M | -9.7M |
| Capital expenditure | -279K | -13K | -37K | -301K | -170K | 34K | 0 | — | — | — | — | — |
| Investing cash flow | 10.3M | 4.2M | 17.9M | 12.2M | 18.3M | 7M | 7.1M | 3.8M | 8.7M | 6M | 1.3M | 9.8M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 0 | — | — | — | 0 | 0 | — | 2M | 0 | 20.3M | 1.2M | 0 |
| Net change in cash | -1.3M | -7.8M | 5.4M | -444K | 7.4M | -840K | -4.6M | -17M | 2.4M | 18.6M | -10.8M | 71K |
| Free cash flow | -13.1M | -10.7M | -12.6M | -10.1M | -11.6M | -6.9M | -13M | -22.7M | -6.3M | -7.6M | -13.4M | -9.7M |
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 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| Market cap | — | — | — | — | — | — | — | — | — | 23.3M |
| Enterprise value | — | — | — | — | — | — | — | — | — | 7.8M |
| Shares outstanding | 10M | 10M | 15.7M | 27.5M | 27.6M | 27.7M | 27.8M | 2.3M | 2.8M | 2.8M |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | — | — | -0.26 |
| P/B | — | — | — | — | — | — | — | — | — | 1.73 |
| EV/EBITDA | — | — | — | — | — | — | — | — | — | -0.21 |
| Earnings yield | — | — | — | — | — | — | — | — | — | -386.1% |
| FCF yield | — | — | — | — | — | — | — | — | — | -99.3% |
| PEG | — | — | — | — | — | — | — | — | — | 0 |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | -590.5% | -184.2% | — | — | — | — | — | 0% |
| Net margin | — | — | -531.5% | -163.6% | — | — | — | — | — | 0% |
| ROE | 63.4% | 48.6% | -10.5% | -12.5% | -29.7% | -44.6% | -54.8% | -85% | -159.8% | -204.6% |
| ROA | -79.5% | -15.4% | -9.47% | -11.9% | -28.6% | -40.6% | -49% | -68.8% | -111.3% | -69% |
| Return on tangible assets | -79.5% | -15.4% | -9.47% | -11.9% | -28.6% | -40.6% | -49% | -68.8% | -111.3% | -189% |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 3.02 | 13.2 | 22.6 | 27.9 | 34.5 | 18 | 16.4 | 7.5 | 4.14 | 3.47 |
| Quick ratio | 3.02 | 13.2 | 22.6 | 27.9 | 34.5 | 18 | 16.4 | 7.5 | 4.14 | 3.47 |
| Debt / equity | -0.04 | -0.01 | 0.02 | 0.01 | 0 | 0.04 | 0.06 | 0.09 | 0.15 | 0.38 |
| Debt / assets | 0.05 | 0 | 0.01 | 0.01 | 0 | 0.04 | 0.05 | 0.07 | 0.1 | 0.16 |
| Net debt / EBITDA | 0.5 | 6.25 | 9.47 | 7.4 | 3.3 | 2.13 | 1.59 | 1.21 | 0.66 | 0.51 |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 0.4 | 0.81 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (basic) | -1.54 | -2.27 | -2.15 | -1.33 | -2.51 | -2.69 | -2.25 | -23.9 | -19.6 | -19.6 |
| EPS (diluted) | -1.54 | -2.27 | -2.15 | -1.33 | -2.51 | -2.69 | -2.25 | -23.9 | -19.6 | -8.28 |
| Book value per share | -2.43 | -4.68 | 20.5 | 10.7 | 8.45 | 6.04 | 4.11 | 28.1 | 12.3 | 2.99 |
| FCF per share | -2.11 | 0.49 | -2.48 | -1.89 | -2.16 | -2.02 | -1.93 | -17.7 | -17.5 | -6.97 |
| Cash per share | 0.84 | 13.5 | 21.3 | 10.3 | 7.95 | 5.76 | 3.89 | 29.4 | 14.7 | 4.39 |
| Capex per share | 0.86 | 0.31 | 0.21 | 0.26 | 0.09 | 0.08 | 0.03 | 0.2 | — | — |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| Capex / revenue | — | — | 53.1% | 31.9% | — | — | — | — | — | — |
| Capex / operating cash flow | -61.9% | 42.8% | -9.97% | -15.8% | -4.41% | -3.62% | -1.55% | -1.08% | — | — |
| Payout ratio | — | — | — | — | — | — | — | — | — | 0% |