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 24 | -$0.28 | -$0.3 | -7.1% | — | $1.1M | — |
| Q1 24 | -$0.14 | -$0.29 | -107.1% | — | $1.7M | — |
| Q4 23 | -$0.05 | -$0.21 | -320.0% | — | $1.7M | — |
| Q3 21 | -$0.22 | $0.25 | +213.6% | — | — | — |
| Q2 21 | -$0.23 | $0.25 | +208.7% | — | — | — |
| Q1 21 | -$0.24 | -$0.24 | 0.0% | — | — | — |
| Q4 20 | -$0.15 | -$0.28 | -86.7% | — | — | — |
| Q3 20 | $1 | $1.69 | +69.0% | — | — | — |
| Q2 20 | -$0.29 | -$0.22 | +24.1% | — | — | — |
| Q1 20 | -$0.33 | -$0.25 | +24.2% | — | — | — |
| Q4 19 | -$0.35 | -$0.35 | 0.0% | — | — | — |
| Q3 19 | -$0.29 | -$0.18 | +37.9% | — | — | — |
| Q2 19 | -$0.36 | -$0.25 | +30.6% | — | — | — |
| Q1 19 | -$0.41 | -$0.52 | -26.8% | — | — | — |
| Q4 18 | -$0.83 | -$0.47 | +43.4% | — | — | — |
| Q3 18 | -$0.42 | -$5.18 | -1133.3% | — | — | — |
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 % |
|---|---|---|---|---|---|---|
| FY23 | — | -$0.46 | — | — | $19M | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY23 |
|---|---|
| Revenue | $19M |
| YoY change | — |
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 |
|---|---|---|---|---|
| Revenue | $1.7M | $1.7M | $1.1M | $3.9M |
| YoY change | — | — | — | — |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY23 |
|---|---|
| Revenue | 19M |
| Cost of revenue | — |
| Gross profit | — |
| Gross margin | — |
| Research & development | 17.7M |
| Selling, general & administrative | 12M |
| Operating expenses | 29.6M |
| Operating income | -10.6M |
| Operating margin | -55.5% |
| Non-operating income, net | 1.9M |
| Pretax income | -10M |
| Income tax | 12K |
| Net income | -10M |
| Net margin | -52.4% |
| EBITDA | -10M |
| EPS | -0.46 |
| Diluted EPS | -0.46 |
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 |
|---|---|---|---|---|
| Revenue | 1.7M | 1.7M | 1.1M | 3.9M |
| Cost of revenue | — | — | — | — |
| Gross profit | — | — | — | — |
| Gross margin | — | — | — | — |
| Research & development | 3.8M | 4.7M | 6.1M | 9M |
| Selling, general & administrative | 3.3M | 4.7M | 3.4M | 2.9M |
| Operating expenses | 7.1M | 9.4M | 9.4M | 11.9M |
| Operating income | -5.4M | -7.7M | -8.3M | -8M |
| Operating margin | -321.1% | -450.5% | -748.9% | -207.1% |
| Non-operating income, net | 632K | 2K | 563K | -17K |
| Pretax income | -4.8M | -7.1M | -7.8M | -7.5M |
| Income tax | -2K | 0 | 0 | 0 |
| Net income | -4.8M | -7.1M | -7.8M | -7.5M |
| Net margin | -283.6% | -415.3% | -698.3% | -194.6% |
| EBITDA | -4.8M | -7.7M | -8.3M | -7.5M |
| EPS | — | -0.29 | -0.3 | -0.29 |
| Diluted EPS | — | -0.29 | -0.3 | -0.29 |
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 | FY19 | FY20 | FY21 | FY22 | FY23 |
|---|---|---|---|---|---|
| Cash & short-term investments | — | 16.4M | 24.8M | 42.7M | 50.5M |
| Receivables | — | — | 0 | 1.3M | 926K |
| Inventory | — | — | — | — | — |
| Total current assets | — | 17.7M | 26.1M | 49M | 53.9M |
| Property, plant & equipment | — | 14K | 10K | 6K | 0 |
| Goodwill & intangibles | — | — | — | — | — |
| Total assets | — | 17.7M | 26.1M | 49M | 53.9M |
| Accounts payable | — | 1.2M | 1.6M | 1.1M | 2.2M |
| Short-term debt | 5.7M | — | 538K | — | — |
| Total current liabilities | — | 3.2M | 3.9M | 2.8M | 4M |
| Long-term debt | — | — | — | — | — |
| Total liabilities | — | 31.1M | 3.9M | 2.8M | 4M |
| Shareholders' equity | — | -13.5M | 22.2M | 46.2M | 49.9M |
| Total debt | 5.7M | — | 538K | — | — |
| Net debt | — | — | -24M | — | — |
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 |
|---|---|---|---|---|
| Cash & short-term investments | 50.5M | 47.2M | 41.4M | 36.6M |
| Receivables | 926K | 1.9M | 1.4M | 1.9M |
| Inventory | — | — | — | — |
| Total current assets | 53.9M | 51.8M | 44.8M | 40.4M |
| Property, plant & equipment | 0 | 0 | 0 | 0 |
| Goodwill & intangibles | — | — | — | — |
| Total assets | 53.9M | 51.8M | 44.8M | 40.4M |
| Accounts payable | 2.2M | 2.1M | 634K | 844K |
| Short-term debt | — | — | — | — |
| Total current liabilities | 4M | 5.8M | 4.2M | 6.1M |
| Long-term debt | — | — | — | — |
| Total liabilities | 4M | 5.8M | 4.2M | 6.1M |
| Shareholders' equity | 49.9M | 46.1M | 40.6M | 34.3M |
| Total debt | — | — | — | — |
| Net debt | — | — | — | — |
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 | FY19 | FY20 | FY21 | FY22 | FY23 | Current |
|---|---|---|---|---|---|---|
| Market cap | — | — | — | — | — | 114.1M |
| Enterprise value | — | — | — | — | — | 0 |
| Shares outstanding | — | — | — | — | 21.6M | 21.6M |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | Current |
|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | 1.38 |
| P/S | — | — | — | — | — | 5.99 |
| P/B | — | — | — | — | — | 3.63 |
| EV/EBITDA | — | — | — | — | — | 0 |
| EV/Sales | — | — | — | — | — | 0 |
| Earnings yield | — | — | — | — | — | 72.4% |
| FCF yield | — | — | — | — | — | -8.75% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | Current |
|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | -55.5% | -52.4% |
| Net margin | — | — | — | — | -52.4% | -324.4% |
| ROE | — | — | — | — | -20% | -20% |
| ROA | — | — | — | — | -18.5% | -18.5% |
| ROIC | — | — | — | — | 1.7K% | 1.3K% |
| Return on tangible assets | — | — | — | — | -18.5% | -67.3% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | Current |
|---|---|---|---|---|---|---|
| Current ratio | — | — | — | — | 13.3 | 6.63 |
| Quick ratio | — | — | — | — | 13.3 | 6.63 |
| Debt / equity | — | — | — | — | — | 0 |
| Effective tax rate | — | — | — | — | 0% | 0% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | Current |
|---|---|---|---|---|---|---|
| Revenue per share | — | — | — | — | 0.88 | 0.88 |
| EPS (basic) | — | — | — | — | -0.46 | -0.46 |
| EPS (diluted) | — | — | — | — | -0.46 | -0.46 |
| Book value per share | — | — | — | — | 2.31 | 1.31 |
| FCF per share | — | — | — | — | -0.05 | -0.52 |
| Cash per share | — | — | — | — | 2.34 | 1.4 |
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 |
|---|---|
| Net income | -10M |
| Depreciation & amortization | 6K |
| Stock-based compensation | 3.5M |
| Change in working capital | 3.6M |
| Operating cash flow | -1.5M |
| Capital expenditure | — |
| Investing cash flow | — |
| Dividends paid | — |
| Share repurchases | — |
| Financing cash flow | 8.9M |
| Net change in cash | 7.4M |
| Free cash flow | -1.1M |
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 |
|---|---|---|---|---|
| Net income | -4.8M | -7.1M | -7.8M | -7.5M |
| Depreciation & amortization | 3K | 0 | 0 | 0 |
| Stock-based compensation | 711K | 985K | 806K | 776K |
| Change in working capital | 9.4M | -874K | -618K | -819K |
| Operating cash flow | 5.3M | -7M | -7.6M | -7.6M |
| Capital expenditure | — | — | — | — |
| Investing cash flow | — | — | — | — |
| Dividends paid | — | — | — | — |
| Share repurchases | — | -42K | 0 | 0 |
| Financing cash flow | 3.6M | 2.4M | 1.5M | 353K |
| Net change in cash | 8.9M | -4.6M | -6M | -7.2M |
| Free cash flow | 4.5M | -5.7M | -7.3M | -5.1M |