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 | -$0.08 | -$0.11 | -37.5% | — | $0 | — |
| Q1 26 | -$0.07 | -$0.11 | -57.1% | — | $0 | — |
| Q3 25 | -$0.07 | -$0.14 | -100.0% | — | $0 | — |
| Q2 25 | -$0.08 | -$0.07 | +12.5% | — | — | — |
| Q1 25 | -$0.09 | -$0.08 | +11.1% | — | $0 | — |
| Q4 24 | -$0.13 | -$0.1 | +23.1% | — | — | — |
| Q3 24 | -$0.11 | -$0.12 | -9.1% | — | — | — |
| Q2 24 | -$0.11 | -$0.1 | +9.1% | — | — | — |
| Q1 24 | -$0.11 | -$0.09 | +18.2% | — | $0 | — |
| Q4 23 | -$0.14 | -$0.11 | +21.4% | — | — | — |
| Q3 23 | -$0.11 | -$0.13 | -18.2% | — | — | — |
| Q2 23 | -$0.11 | -$0.11 | 0.0% | — | $0 | — |
| Q1 23 | -$0.14 | -$0.1 | +28.6% | — | $0 | — |
| Q4 22 | -$0.11 | -$0.15 | -36.4% | — | $0 | — |
| Q3 22 | -$0.11 | -$0.08 | +27.3% | — | $0 | — |
| Q2 22 | -$0.1 | -$0.09 | +10.0% | — | $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 | — | -$0.3 | — | — | $0 | — |
| FY24 | — | -$0.41 | — | — | $0 | — |
| FY23 | — | -$0.41 | — | — | $0 | — |
| FY22 | — | -$0.43 | — | — | $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 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| YoY change | 0% | 0% | 0% | 0% | 0% | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — |
| Research & development | 9.8M | 9.4M | 10M | 10.8M | 12.9M | 12.9M | 15.4M | 17.7M | 21.6M | 13.3M |
| Selling, general & administrative | 5.4M | 6.2M | — | — | 12.5M | 12.9M | 11.1M | 15.7M | 12.9M | 15.4M |
| Operating expenses | 20.7M | 21.8M | 17.3M | 20.4M | 38M | 39.1M | 26.5M | 33.4M | 34.6M | 28.7M |
| Operating income | -15.3M | -15.6M | -17.3M | -20.4M | -25.5M | -26.2M | -26.9M | -33.8M | -35M | -28.7M |
| Operating margin | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | 0 | -6.2M | 610.1K | -12.9M | 2.8M | -119K | 1.6M | 4.8M | 2.2M | -341K |
| Pretax income | -15.1M | -15.5M | -16.5M | -33.1M | -22.5M | -26.3M | -24.8M | -27.7M | -31.6M | -28.7M |
| Income tax | 9.4K | 141.5K | 548K | 0 | 0 | 49K | 84K | 97K | 130K | 79K |
| Net income | -15.1M | -15.6M | -17M | -33.1M | -22.5M | -26.3M | -24.8M | -27.8M | -31.7M | -28.8M |
| Net margin | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -15.1M | -15.5M | -17.8M | -7M | -27.8M | -25.7M | -28.2M | -38.2M | -36.8M | -28.7M |
| EPS | -1.24 | -1.14 | -1.06 | -1.5 | -0.56 | -0.49 | -0.43 | -0.41 | -0.41 | -0.3 |
| Diluted EPS | -1.24 | -1.14 | -1.06 | -1.5 | -0.56 | -0.49 | -0.43 | -0.41 | -0.41 | -0.3 |
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 |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Research & development | — | — | 5.7M | — | — | — | 2.9M | — | 5.4M | 3M | 4.6M | 4.3M |
| Selling, general & administrative | — | — | 3M | — | — | — | 2M | — | 4.5M | 6.9M | 4.7M | 5.1M |
| Operating expenses | — | — | 8.7M | — | — | — | 4.8M | — | 9.9M | 9.9M | 9.3M | 9.4M |
| Operating income | — | — | -8.7M | — | — | — | -4.9M | — | -9.9M | -9.7M | -9.3M | -9.4M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | — | — | 1.4M | — | — | — | 132.1K | — | -655.3K | 521.9K | -6K | 1K |
| Pretax income | — | — | -6.9M | — | — | — | -4.7M | — | -10.5M | -9M | -9.2M | -9.3M |
| Income tax | 7K | 43K | — | 67.9K | 12K | 11.4K | — | 61K | -181.1K | 199K | — | 101K |
| Net income | — | — | -6.9M | — | — | — | -4.7M | — | -10.3M | -9.2M | -9.2M | -9.4M |
| Net margin | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA | — | — | -10.1M | — | — | — | -5M | — | -9.1M | -10.6M | -9.3M | -9.4M |
| EPS | -0.14 | — | -0.09 | -0.1 | -0.12 | — | -0.06 | -0.05 | -0.1 | — | -0.08 | -0.08 |
| Diluted EPS | -0.14 | — | -0.09 | -0.1 | -0.12 | — | -0.06 | -0.05 | -0.1 | — | -0.08 | -0.08 |
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 | 36.6M | — | — | — | — | — | 137.4M | — | — | — | 84.2M |
| Enterprise value | 22.5M | — | — | — | — | — | 105.7M | — | — | — | 83.5M |
| Shares outstanding | 18.3M | 20.2M | 23.3M | 32.2M | 58.6M | 77.8M | 84.3M | 97.2M | 76.5M | 95.9M | 95.9M |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | — | — | — | -2.23 |
| P/B | 3.42 | — | — | — | — | — | 5.19 | — | — | — | -13 |
| EV/EBITDA | -1.48 | — | — | — | — | — | -3.75 | — | — | — | -2.22 |
| Earnings yield | — | — | — | — | — | — | — | — | — | — | -44.8% |
| FCF yield | -34.2% | — | — | — | — | — | -17% | — | — | — | -14.3% |
| PEG | — | — | — | — | — | — | — | — | — | — | -0.04 |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | — | — | — | — | — | 0% |
| Net margin | — | — | — | — | — | — | — | — | — | — | 0% |
| ROE | -141.6% | -188.5% | -275% | 30.7K% | -90.9% | -72.9% | -93.7% | -100.7% | -530% | 757% | 757% |
| ROA | -102.6% | -86% | -114.6% | -168.5% | -65.5% | -57.3% | -66.5% | -71.5% | -157.1% | -379.3% | -211.2% |
| ROIC | 445.5% | 439.3% | 230.2% | 148.2% | 419.8% | 582% | 511.6% | 487.9% | 393.3% | 340.4% | 340.4% |
| Return on tangible assets | -102.6% | -86% | -114.6% | -168.5% | -65.5% | -57.3% | -66.5% | -71.5% | -157.1% | -379.3% | -498.1% |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 3.55 | 3.41 | 5.13 | 1.47 | 12.5 | 16.7 | 9.05 | 9.01 | 2.82 | 1.12 | 1.35 |
| Quick ratio | 3.55 | 3.41 | 5.13 | 1.47 | 12.5 | 16.7 | 9.05 | 9.01 | 2.82 | 1.12 | 1.35 |
| Debt / equity | — | — | 0 | -4.69 | 0.02 | 0.02 | 0.01 | 0.02 | 0.18 | -0.15 | -0 |
| Debt / assets | — | — | 0 | 0.03 | 0.01 | 0.01 | 0.01 | 0.01 | 0.05 | 0.07 | 0.06 |
| Net debt / EBITDA | — | — | 0.77 | 1.96 | 1.11 | 1.58 | 1.13 | 0.9 | 0.4 | 0.16 | 0.1 |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (basic) | -1.24 | -1.14 | -1.06 | -1.5 | -0.56 | -0.49 | -0.43 | -0.41 | -0.41 | -0.3 | -0.3 |
| EPS (diluted) | -1.24 | -1.14 | -1.06 | -1.5 | -0.56 | -0.49 | -0.43 | -0.41 | -0.41 | -0.3 | -0.35 |
| Book value per share | 0.58 | 0.41 | 0.27 | -0 | 0.42 | 0.46 | 0.31 | 0.28 | 0.08 | -0.04 | -0.05 |
| FCF per share | -0.68 | -0.74 | -0.52 | -0.62 | -0.38 | -0.29 | -0.28 | -0.29 | -0.36 | -0.21 | -0.22 |
| Cash per share | 0.77 | 0.58 | 0.59 | 0.44 | 0.53 | 0.53 | 0.38 | 0.36 | 0.21 | 0.05 | 0.03 |
| Capex per share | 0 | 0.01 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — | — |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Capex / operating cash flow | -0.17% | -0.79% | -1.06% | -0.03% | -0.16% | -1.26% | -0.25% | -0.03% | -0.87% | — | — |
| Payout ratio | — | — | — | — | — | — | — | — | — | — | 0% |
| FY21 | — | -$0.49 | — | — | $0 | — |
| FY20 | — | -$0.56 | — | — | $0 | — |
| FY19 | — | -$1.5 | — | — | $0 | — |
| FY18 | — | -$1.06 | — | — | $0 | — |
| FY17 | — | -$1.14 | — | — | $0 | — |
| FY16 | — | -$1.24 | — | — | $0 | — |
| 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 |
| YoY change | — | — | 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 | 14.1M | 11.8M | 13.7M | 14.1M | 31.2M | 41.3M | 32.1M | 34.9M | 15.9M | 5.2M |
| Receivables | 0 | 4.8M | 0 | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 14.4M | 17.8M | 14.5M | 18.9M | 33.7M | 44.9M | 35.7M | 38.2M | 18.9M | 6.8M |
| Property, plant & equipment | 320K | 333.4K | 412.7K | 727.5K | 609.1K | 976K | 652K | 647K | 1.3M | 738K |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — |
| Total assets | 14.8M | 18.2M | 14.9M | 19.7M | 34.3M | 45.9M | 37.3M | 38.8M | 20.2M | 7.6M |
| Accounts payable | 4.1M | 3.7M | 1.8M | — | — | 594K | 2.3M | 1.1M | 1.1M | 3.5M |
| Short-term debt | — | — | — | 339.8K | 248.9K | 294K | 216K | 133K | 277K | 193K |
| Total current liabilities | 4.1M | 5.2M | 2.8M | 12.9M | 2.7M | 2.7M | 3.9M | 4.2M | 6.7M | 6.1M |
| Long-term debt | — | — | 0 | 166.4K | 153.2K | 361K | 157K | 290K | 787K | 370K |
| Total liabilities | 4.1M | 9.9M | 8.7M | 19.8M | 9.6M | 9.8M | 10.8M | 11.3M | 14.2M | 11.4M |
| Shareholders' equity | 10.7M | 8.3M | 6.2M | -107.9K | 24.8M | 36.1M | 26.5M | 27.6M | 6M | -3.8M |
| Total debt | — | — | 0 | 506.3K | 402.1K | 655K | 373K | 423K | 1.1M | 563K |
| Net debt | — | — | -13.7M | -13.6M | -30.8M | -40.6M | -11.3M | -34.5M | -14.9M | -4.6M |
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 | 40M | 34.9M | 29.6M | 24.9M | 14M | 15.9M | 10.7M | 10.7M | 8.9M | 5.2M | 5.5M | 4.1M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 45.3M | 38.2M | 33.4M | 30.6M | 16.4M | 18.9M | 12.9M | 13.8M | 10.1M | 6.8M | 7.5M | 7.1M |
| Property, plant & equipment | 752K | 647K | 1.4M | 1.4M | 964K | 1.3M | 849K | 787.8K | 722.8K | 738K | 674K | 602K |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 46.1M | 38.8M | 34.8M | 32.1M | 17.3M | 20.2M | 13.8M | 14.6M | 10.8M | 7.6M | 8.2M | 7.7M |
| Accounts payable | 2.2M | 1.1M | 744K | — | 2.4M | 1.1M | 544.3K | 972.7K | 3M | 3.5M | 2.7M | 3.4M |
| Short-term debt | 191K | 133K | 179K | 225K | 179.4K | 277K | 202.6K | 212.7K | 199.7K | 193K | 166K | 138K |
| Total current liabilities | 10M | 4.2M | 4.1M | 6.1M | 5.5M | 6.7M | 4M | 4.8M | 5.5M | 6.1M | 5.4M | 5.2M |
| Long-term debt | 323K | 290K | 948K | 891K | 581K | 787K | 496.1K | 436.3K | 400.2K | 370K | 342K | 310K |
| Total liabilities | 17.1M | 11.3M | 11.8M | 13.8M | 10.9M | 14.2M | 9.2M | 10.1M | 10.7M | 11.4M | 13.3M | 13.8M |
| Shareholders' equity | 29M | 27.6M | 23M | 18.3M | 6.5M | 6M | 4.5M | 4.4M | 82.6K | -3.8M | -5.1M | -6.2M |
| Total debt | 514K | 423K | 1.1M | 1.1M | 760.3K | 1.1M | 698.8K | 649K | 600K | 563K | 508K | 448K |
| Net debt | -39.5M | -34.5M | -28.5M | -23.7M | -13.2M | -14.9M | -10M | -10M | -8.3M | -4.6M | -5M | -3.7M |
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 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -15.1M | -15.6M | -17M | -33.1M | -22.5M | -26.3M | -24.8M | -27.8M | -31.7M | -28.8M |
| Depreciation & amortization | 162.2K | 90.8K | 95.4K | 485.6K | 446K | 452K | 392K | 403K | 424K | 70K |
| Stock-based compensation | 406.1K | 578.7K | 1.4M | 1.5M | 2.6M | 3.8M | 2.4M | 2.1M | 2.7M | 3.1M |
| Change in working capital | 628.9K | 1.5M | 5.3M | -1.1M | 1.3M | -742K | -24K | 1.1M | 957K | 960K |
| Operating cash flow | -13.5M | -13.5M | -10.2M | -32.2M | -18.1M | -22.7M | -22.2M | -24.1M | -27.5M | -20.1M |
| Capital expenditure | -23.5K | -105.8K | -107.5K | -10.9K | -29K | -286K | -55K | -8K | -239K | — |
| Investing cash flow | -51.4K | 2M | -107.5K | -10.9K | -29K | -286K | -20.4M | 20.2M | -239K | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 1.9M | 14.6M | 13.2M | 17.5M | 37.8M | 32.5M | 12.2M | 31.2M | 6.6M | 11.7M |
| Net change in cash | -11.7M | 3.1M | 2.9M | -14.7M | 19.7M | 9.6M | -30.4M | 27.3M | -21.1M | -8.4M |
| Free cash flow | -12.5M | -15M | -12M | -19.9M | -22.1M | -22.7M | -23.4M | -28.5M | -27.2M | -20.1M |
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 | -9.9M | -3.9M | -6.9M | -7.3M | -6.8M | -8M | -4.7M | -4.7M | -9.6M | -9.2M | -9.2M | -9.4M |
| Depreciation & amortization | 103K | 107K | 123K | 98K | 75K | 98K | 67.8K | 120.6K | 167.1K | -134.1K | 16K | 15K |
| Stock-based compensation | 750K | 759K | 576K | 506K | 318K | 1.2M | 844.1K | 420K | 3M | -1.1M | 2.3M | 1.8M |
| Change in working capital | -82K | 1M | -263K | — | — | — | -712.7K | -174.4K | -913.6K | 1.8M | -1.3M | 402K |
| Operating cash flow | -9.1M | -2.1M | -6.4M | -6.6M | -6.4M | -6.7M | -4.4M | -4M | -4.5M | -6.7M | -7.3M | -8.1M |
| Capital expenditure | 0 | -3K | -46K | -155K | -22.9K | -6K | 0 | — | — | — | — | — |
| Investing cash flow | 6.8M | -3K | -46K | -155K | -22.9K | -6K | 0 | — | — | — | — | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 21.2M | 1.4M | 1.5M | 2M | -170.1K | 3.3M | 4.1M | 4.1M | 5.3M | 481.2K | 7.6M | 6.8M |
| Net change in cash | 18.9M | -691K | -5M | -4.8M | -6.6M | -3.4M | -330.5K | 106K | 746.9K | -6.3M | 321K | -1.4M |
| Free cash flow | -6M | -6.1M | -7.5M | -7M | -3.5M | -7.9M | -4.5M | -4M | -4.5M | -6.7M | -7.3M | -8.1M |