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 % |
|---|---|---|---|---|---|---|
| Q1 24 | -$0.25 | -$0.19 | +24.0% | — | $56K | — |
| Q3 23 | -$0.29 | -$0.23 | +20.7% | — | $57K | — |
| Q2 23 | -$0.31 | -$0.2 | +35.5% | — | $57K | — |
| Q1 23 | -$0.3 | -$0.28 | +6.7% | — | $56K | — |
| Q3 22 | -$0.28 | -$0.26 | +7.1% | — | — | — |
| Q2 22 | -$0.21 | -$0.26 | -23.8% | — | — | — |
| Q1 22 | -$0.2 | -$0.19 | +5.0% | — | — | — |
| Q4 21 | -$0.19 | -$0.2 | -5.3% | — | — | — |
| Q3 21 | -$0.27 | -$0.15 | +44.4% | — | — | — |
| Q2 21 | -$0.33 | -$0.22 | +33.3% | — | — | — |
| Q1 21 | -$0.28 | -$0.27 | +3.6% | — | — | — |
| Q4 20 | -$0.45 | -$0.3 | +33.3% | — | — | — |
| Q3 20 | -$0.52 | -$0.45 | +13.5% | — | — | — |
| Q2 20 | -$0.5 | -$0.45 | +10.0% | — | — | — |
| Q1 20 | -$0.45 | -$0.6 | -33.3% | — | — | — |
| Q4 19 | -$0.82 | -$0.45 | +45.1% | — | — | — |
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 | — | -$0.9 | — | — | $226K | — |
| FY22 | — | -$0.91 | — | — | $226K | — |
| FY21 | — | -$0.96 | — | — | $226K | — |
| FY20 | — | -$2.17 | — | — | $231K | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY20 | FY21 | FY22 | FY23 |
|---|---|---|---|---|
| Revenue | $231K | $226K | $226K | $226K |
| YoY change | — | -2.16% | 0% | 0% |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | Q1 23 | Q2 23 | Q3 23 | Q4 23 | Q1 24 |
|---|---|---|---|---|---|
| Revenue | $56K | $57K | $57K | $56K | $56K |
| YoY change | — | — | — | — | 0% |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY20 | FY21 | FY22 | FY23 |
|---|---|---|---|---|
| Revenue | 231K | 226K | 226K | 226K |
| Cost of revenue | — | — | — | — |
| Gross profit | — | — | — | — |
| Gross margin | — | — | — | — |
| Research & development | 16.9M | 7.3M | 11.4M | 11.4M |
| Selling, general & administrative | 8.3M | 9.4M | 8.4M | 9.1M |
| Operating expenses | 25.2M | 16.7M | 19.9M | 20.5M |
| Operating income | -25M | -16.5M | -19.6M | -20.3M |
| Operating margin | -10.8K% | -7.3K% | -8.7K% | -9K% |
| Non-operating income, net | -160K | 333K | 663K | 1.4M |
| Pretax income | -25.2M | -16.2M | -19M | -18.9M |
| Income tax | 4K | 0 | — | — |
| Net income | -25.2M | -16.2M | -19M | -18.9M |
| Net margin | -10.9K% | -7.2K% | -8.4K% | -8.4K% |
| EBITDA | -24.8M | -16.8M | -19.6M | -20.3M |
| EPS | -2.17 | -0.96 | -0.91 | -0.9 |
| Diluted EPS | -2.17 | -0.96 | -0.91 | -0.9 |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | Q1 23 | Q2 23 | Q3 23 | Q4 23 | Q1 24 |
|---|---|---|---|---|---|
| Revenue | 56K | 57K | 57K | 56K | 56K |
| Cost of revenue | — | — | — | — | — |
| Gross profit | — | — | — | — | — |
| Gross margin | — | — | — | — | — |
| Research & development | 4.1M | 2.5M | 2.5M | 2.4M | 1.9M |
| Selling, general & administrative | 2.1M | 2.2M | 2.7M | 2.1M | 3.4M |
| Operating expenses | 6.2M | 4.7M | 5.1M | 4.5M | 5.3M |
| Operating income | -6.1M | -4.6M | -5.1M | -4.5M | -5.2M |
| Operating margin | -11K% | -8.1K% | -8.9K% | -8K% | -9.3K% |
| Non-operating income, net | 362K | 360K | 350K | 278K | 229K |
| Pretax income | -5.8M | -4.3M | -4.7M | -4.2M | -5M |
| Income tax | — | — | — | — | — |
| Net income | -5.8M | -4.3M | -4.7M | -4.2M | -5M |
| Net margin | -10.3K% | -7.5K% | -8.3K% | -7.5K% | -8.9K% |
| EBITDA | -6.1M | -4.6M | -5.1M | -4.5M | -5.2M |
| EPS | -0.28 | -0.2 | -0.23 | — | -0.24 |
| Diluted EPS | -0.28 | -0.2 | -0.23 | — | -0.24 |
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 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 |
|---|---|---|---|---|---|---|
| Cash & short-term investments | 17M | — | 19M | 55.1M | 38.8M | 20.8M |
| Receivables | 35K | — | 37K | 28K | 29K | 18K |
| Inventory | — | — | — | — | — | — |
| Total current assets | 17.8M | — | 19.8M | 55.4M | 39.3M | 22.7M |
| Property, plant & equipment | 9K | 1.8M | 52K | 38K | 24K | 22K |
| Goodwill & intangibles | — | — | — | — | — | — |
| Total assets | 17.9M | — | 20M | 55.5M | 39.4M | 22.7M |
| Accounts payable | 4M | — | 4.8M | 2.8M | 3.9M | 5.6M |
| Short-term debt | — | — | — | — | — | — |
| Total current liabilities | 4.3M | — | 10M | 6.1M | 8M | 9.2M |
| Long-term debt | — | — | — | — | — | — |
| Total liabilities | 4.3M | — | 13.8M | 9.4M | 11.1M | 12M |
| Shareholders' equity | -381.9M | — | 6.2M | 46.1M | 28.3M | 10.7M |
| 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 | Q1 23 | Q2 23 | Q3 23 | Q4 23 | Q1 24 |
|---|---|---|---|---|---|
| Cash & short-term investments | 34.2M | 29.7M | 25.2M | 20.8M | 16.4M |
| Receivables | 17K | 17K | 18K | 18K | 18K |
| Inventory | — | — | — | — | — |
| Total current assets | 35M | 30.4M | 27M | 22.7M | 18.2M |
| Property, plant & equipment | -49K | -53K | -58K | 22K | -66K |
| Goodwill & intangibles | — | — | — | — | — |
| Total assets | 35.1M | 30.5M | 27M | 22.7M | 18.2M |
| Accounts payable | 4.9M | 5.1M | 6.1M | 5.6M | 6.6M |
| Short-term debt | — | — | — | — | — |
| Total current liabilities | 9.2M | 8.7M | 9.7M | 9.2M | 9.4M |
| Long-term debt | — | — | — | — | — |
| Total liabilities | 12.2M | 11.6M | 12.5M | 12M | 12.2M |
| Shareholders' equity | 22.9M | 18.9M | 14.5M | 10.7M | 6M |
| 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 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | Current |
|---|---|---|---|---|---|---|---|
| Market cap | — | — | 2B | — | — | 391.2M | 336.7M |
| Enterprise value | — | — | 2B | — | — | 370.4M | 0 |
| Shares outstanding | — | — | 11.6M | 16.8M | 20.9M | 21M | 21M |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | Current |
|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | -17.7 |
| P/S | — | — | 8.8K | — | — | 1.7K | 1.5K |
| P/B | — | — | 328.2 | — | — | 36.7 | 55.7 |
| EV/EBITDA | — | — | -81 | — | — | -18.3 | 0 |
| EV/Sales | — | — | 8.7K | — | — | 1.6K | 0 |
| Earnings yield | — | — | — | — | — | — | -5.66% |
| FCF yield | — | — | -1.14% | — | — | -4.59% | -5.63% |
| PEG | — | — | — | — | — | — | 1.24 |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | Current |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | -10.8K% | -7.3K% | -8.7K% | -9K% | -9K% |
| Net margin | — | — | -10.9K% | -7.2K% | -8.4K% | -8.4K% | -8K% |
| ROE | — | — | -407.4% | -35% | -67% | -177.5% | -177.5% |
| ROA | — | — | -125.9% | -29.1% | -48.2% | -83.5% | -83.5% |
| ROIC | — | — | 194.5% | 184.3% | — | — | — |
| Return on tangible assets | — | — | -125.9% | -29.1% | -48.2% | -83.5% | -99.9% |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | Current |
|---|---|---|---|---|---|---|---|
| Current ratio | — | — | 1.97 | 9.06 | 4.89 | 2.46 | 1.93 |
| Quick ratio | — | — | 1.97 | 9.06 | 4.89 | 2.46 | 1.93 |
| Debt / equity | — | — | — | — | — | — | 0 |
| Effective tax rate | — | — | 0% | 0% | — | — | — |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | Current |
|---|---|---|---|---|---|---|---|
| Revenue per share | — | — | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 |
| EPS (basic) | — | — | -2.17 | -0.96 | -0.91 | -0.9 | -0.9 |
| EPS (diluted) | — | — | -2.17 | -0.96 | -0.91 | -0.9 | -0.9 |
| Book value per share | — | — | 0.53 | 2.74 | 1.35 | 0.51 | 0.29 |
| FCF per share | — | — | -1.99 | -1.16 | -0.78 | -0.86 | -0.85 |
| Cash per share | — | — | 1.64 | 3.27 | 1.85 | 0.99 | 0.78 |
| Capex per share | — | — | 0 | 0 | 0 | 0 | 0 |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | Current |
|---|---|---|---|---|---|---|---|
| Capex / revenue | — | — | 6.49% | 0% | 0% | 6.19% | 6.19% |
| Capex / operating cash flow | — | — | -0.06% | 0% | 0% | -0.09% | -0.09% |
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 | FY20 | FY21 | FY22 | FY23 |
|---|---|---|---|---|
| Net income | -25.2M | -16.2M | -19M | -18.9M |
| Depreciation & amortization | 13K | 14K | 14K | 16K |
| Stock-based compensation | 369K | 576K | 1.2M | 1.3M |
| Change in working capital | 397K | -2.3M | 885K | 1.5M |
| Operating cash flow | -24.4M | -17.9M | -16.9M | -16.1M |
| Capital expenditure | -15K | 0 | 0 | -14K |
| Investing cash flow | -15K | 0 | 0 | -14K |
| Dividends paid | — | — | — | — |
| Share repurchases | — | — | — | — |
| Financing cash flow | 9.1M | 55M | 0 | — |
| Net change in cash | -15.3M | 37.2M | -16.9M | -16.1M |
| Free cash flow | -23.1M | -19.5M | -16.3M | -17.9M |
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 | Q1 23 | Q2 23 | Q3 23 | Q4 23 | Q1 24 |
|---|---|---|---|---|---|
| Net income | -5.8M | -4.3M | -4.7M | -4.2M | -5M |
| Depreciation & amortization | 3K | 4K | 5K | 4K | 4K |
| Stock-based compensation | 336K | 273K | 360K | 332K | 333K |
| Change in working capital | 992K | 118K | 1M | -585K | 893K |
| Operating cash flow | -4.4M | -3.9M | -3.4M | -4.4M | -3.8M |
| Capital expenditure | — | — | — | 0 | — |
| Investing cash flow | — | — | — | 0 | — |
| Dividends paid | — | — | — | — | — |
| Share repurchases | — | — | — | — | — |
| Financing cash flow | — | — | — | — | — |
| Net change in cash | -4.4M | -3.9M | -3.4M | -4.4M | -3.8M |
| Free cash flow | -4.5M | -4.5M | -4.5M | -4.4M | -4.4M |