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 | -$0.05 | -$0.05 | 0.0% | — | $500K | — |
| Q3 25 | -$0.27 | -$0.38 | -40.7% | — | $0 | — |
| Q2 25 | -$0.56 | -$0.58 | -3.6% | — | $0 | — |
| Q1 25 | -$0.81 | -$0.47 | +42.0% | — | $0 | — |
| Q4 24 | -$1.99 | -$0.69 | +65.3% | — | $0 | — |
| Q3 24 | -$3.35 | -$2.32 | +30.7% | — | $0 | — |
| Q2 24 | -$2.93 | -$3.32 | -13.3% | — | $0 | — |
| Q1 24 | -$3.75 | -$4.59 | -22.4% | — | $0 | — |
| Q4 23 | -$5.17 | -$3.75 | +27.5% | — | $0 | — |
| Q3 23 | -$0.39 | -$0.44 | -12.8% | — | $0 | — |
| Q2 23 | -$6.82 | -$7.95 | -16.6% | — | $0 | — |
| Q1 23 | -$0.72 | -$0.54 | +25.0% | — | $250K | — |
| Q4 22 | -$2.43 | $6.47 | +366.3% | — | $0 | — |
| Q3 22 | -$67.5 | -$61.1 | +9.5% | — | $0 | — |
| Q2 22 | -$217.5 | -$90 | +58.6% | — | $0 | — |
| Q1 22 | -$217.5 | -$179.7 | +17.4% | — | $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 | — | -$10.2 | — | — | $0 | — |
| FY23 | — | -$27 | — | — | $250K | — |
| FY22 | — | -$247.9 | — | — | $0 | — |
| FY21 | — | -$2.1K | — |
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 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $250K | $0 | $0 |
| YoY change | — | 0% | 0% | +InfinityT% | -100% | 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 |
|---|
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 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 250K | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — |
| Research & development | 3.1M | 2.4M | 6.5M | 6.9M | 9.1M | 10.2M |
| Selling, general & administrative | 6.2M | 9.3M | 8.8M | 6.2M | 5.8M | 7.9M |
| Operating expenses | 9.3M | 11.7M | 15.3M | 13.1M | 14.9M | 18.1M |
| Operating income | -9.3M | -11.7M | -15.3M | -12.8M | -14.9M | -18.1M |
| Operating margin | — | — | — | -5.1K% | — | — |
| Non-operating income, net | 51K | -11.8M | 1.1M | 560K | 433K | 1.3M |
| Pretax income | -10.3M | -26.6M | -14.3M | -12.3M | -14.4M | -16.8M |
| Income tax | — | — | — | — | — | — |
| Net income | -10.3M | -26.6M | -14.3M | -12.3M | -14.4M | -16.8M |
| Net margin | — | — | — | -4.9K% | — | — |
| EBITDA | -10.1M | -14.2M | -12.7M | -12.1M | -14.4M | -16.8M |
| EPS | -2.8K | -2.1K | -247.9 | -27 | -10.2 | -0.3 |
| Diluted EPS | -2.8K | -2.5K | -247.9 | -27 | -10.2 | -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 | 0 | 0 | 0 | 0 | 0 | 500K |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Research & development | 2.1M | 1.7M | 2.2M | 2.6M | 2.1M | 2.1M | 950K | 1.7M | 1.4M | 6.2M | 6.4M | 7.4M |
| Selling, general & administrative | 1.7M | 1.6M | 1.5M | 1.6M | 1.5M | 1.3M | 1.4M | 1.2M | 1.5M | 3.8M | 4.4M | 4.8M |
| Operating expenses | 3.8M | 3.3M | 3.7M | 4.2M | 3.6M | 3.4M | 2.3M | 2.8M | 2.9M | 10M | 10.7M | 12.2M |
| Operating income | -3.8M | -3.3M | -3.7M | -4.2M | -3.6M | -3.4M | -2.3M | -2.8M | -2.9M | -10M | -10.7M | -11.7M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | -2.3K% |
| Non-operating income, net | 190K | 324K | 147K | 133K | 112K | 41K | 81K | 61K | 59K | 1.1M | 1.1M | 1.1M |
| Pretax income | -3.6M | -3M | -3.5M | -4.1M | -3.5M | -3.3M | -2.2M | -2.8M | -2.9M | -8.9M | -9.6M | -10.6M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — |
| Net income | -3.6M | -3M | -3.5M | -4.1M | -3.5M | -3.3M | -2.2M | -2.8M | -2.9M | -8.9M | -9.6M | -10.6M |
| Net margin | — | — | — | — | — | — | — | — | — | — | — | -2.1K% |
| EBITDA | -3.6M | -3.1M | -3.5M | -4.1M | -3.5M | -3.3M | -2.2M | -2.8M | -2.9M | -8.9M | -9.6M | -10.6M |
| EPS | -7.38 | — | -4.59 | -3.32 | -2.32 | — | -0.47 | -0.58 | -0.38 | — | -0.05 | -0.05 |
| Diluted EPS | -7.38 | — | -4.59 | -3.32 | -2.32 | — | -0.47 | -0.58 | -0.38 | — | -0.05 | -0.05 |
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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Market cap | — | — | — | — | — | — | 261.4M |
| Enterprise value | — | — | — | — | — | — | 127.5M |
| Shares outstanding | 3.7K | 12.4K | 58.7K | 456K | 1.4M | 55.7M | 55.7M |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | 2.31 |
| P/S | — | — | — | — | — | — | 522.8 |
| P/B | — | — | — | — | — | — | 2.14 |
| EV/EBITDA | — | — | — | — | — | — | -3.61 |
| EV/Sales | — | — | — | — | — | — | 255 |
| Earnings yield | — | — | — | — | — | — | 43.3% |
| FCF yield | — | — | — | — | — | — | -3.31% |
| PEG | — | — | — | — | — | — | -0.03 |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | -5.1K% | — | — | -2.3K% |
| Net margin | — | — | — | -4.9K% | — | — | 0% |
| ROE | 62.2% | -361.4% | -114.3% | -108.7% | -192.7% | -13% | -51.4% |
| ROA | -341.9% | -212.7% | -90.5% | -87.5% | -132.7% | -12.5% | -33% |
| Return on tangible assets | -341.9% | -212.7% | -90.5% | -87.5% | -132.7% | -12.5% | -25.1% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Current ratio | 0.11 | 4.61 | 4.89 | 5.15 | 3.24 | 29 | 24.3 |
| Quick ratio | 0.11 | 4.61 | 4.89 | 5.15 | 3.24 | 29 | 24.3 |
| Debt / equity | -0.09 | 0.03 | 0.03 | 0.03 | 0.02 | 0 | 0 |
| Debt / assets | 0.47 | 0.02 | 0.03 | 0.03 | 0.02 | 0 | 0 |
| Net debt / EBITDA | -0.07 | 0.73 | 0.94 | 1 | 0.67 | 7.95 | 3.54 |
| Interest coverage | -42.9 | -10.1 | -1.1K | -819 | -1.2K | -1.7K | -4K |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 0 | 0.55 | 0 | 0 | 0 |
| EPS (basic) | -2.8K | -2.1K | -247.9 | -27 | -10.2 | -0.3 | -0.3 |
| EPS (diluted) | -2.8K | -2.5K | -247.9 | -27 | -10.2 | -0.3 | 0.65 |
| Book value per share | -4.5K | 593.3 | 212.6 | 24.8 | 5.29 | 2.32 | 0.7 |
| FCF per share | -1.3K | -1.2K | -227.8 | -24.4 | -8.61 | -0.19 | -0.09 |
| Cash per share | 192.8 | 845.5 | 211 | 27.3 | 6.93 | 2.4 | 0.72 |
| Capex per share | 1.62 | 0 | 0.17 | 0.01 | 0 | — | — |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Capex / revenue | — | — | — | 1.6% | — | — | — |
| Capex / operating cash flow | -0.1% | 0% | -0.07% | -0.04% | 0% | — | — |
| Payout ratio | — | — | — | — | — | — | 0% |
| — |
| $0 |
| — |
| FY20 | — | -$2.8K | — | — | $0 | — |
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $500K |
| YoY change | 0% | 0% | -100% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | +InfinityT% |
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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Cash & short-term investments | 713K | 10.5M | 12.4M | 12.4M | 9.8M | 133.4M |
| Receivables | 59K | 0 | — | — | — | — |
| Inventory | — | — | — | — | — | — |
| Total current assets | 896K | 11.5M | 14.7M | 13.3M | 10.5M | 134.2M |
| Property, plant & equipment | 280K | 6K | 10K | 10K | 3K | 0 |
| Goodwill & intangibles | — | — | — | — | — | — |
| Total assets | 3M | 12.5M | 15.8M | 14.1M | 10.9M | 134.3M |
| Accounts payable | 3.6M | 1.5M | 1.8M | 864K | 1.2M | 930K |
| Short-term debt | 1.2M | 199K | 193K | 279K | 169K | 71K |
| Total current liabilities | 8.1M | 2.5M | 3M | 2.6M | 3.2M | 4.6M |
| Long-term debt | 206K | 0 | 211K | 90K | 0 | — |
| Total liabilities | 19.6M | 5.1M | 3.3M | 2.7M | 3.4M | 5M |
| Shareholders' equity | -16.6M | 7.4M | 12.5M | 11.3M | 7.5M | 129.4M |
| Total debt | 1.4M | 199K | 404K | 369K | 169K | 71K |
| Net debt | 708K | -10.3M | -12M | -12.1M | -9.7M | -133.3M |
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 | 15.3M | 12.4M | 11.3M | 11.4M | 8M | 9.8M | 7.2M | 5.4M | 5.2M | 133.4M | 132.6M | 125.2M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | 500K |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 16.3M | 13.3M | 12M | 12.3M | 8.9M | 10.5M | 7.9M | 6.4M | 6.8M | 134.2M | 133.2M | 127.3M |
| Property, plant & equipment | 10K | 10K | 5K | 4K | 3K | 3K | 2K | 1K | 0 | 0 | — | — |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 17.1M | 14.1M | 12.7M | 12.9M | 9.3M | 10.9M | 8.2M | 6.7M | 7M | 134.3M | 133.3M | 127.3M |
| Accounts payable | 1.3M | 864K | 548K | 565K | 484K | 1.2M | 942K | 1.8M | 1.6M | 930K | 3.3M | 2M |
| Short-term debt | 376K | 279K | 125K | 479K | 357K | 169K | 58K | 338K | 211K | 71K | — | — |
| Total current liabilities | 2.6M | 2.6M | 2.5M | 2.8M | 2.7M | 3.2M | 2.8M | 4M | 3.5M | 4.6M | 5.6M | 5.2M |
| Long-term debt | 122K | 90K | 58K | 24K | 0 | 0 | — | — | — | — | — | — |
| Total liabilities | 3M | 2.7M | 2.6M | 2.9M | 2.7M | 3.4M | 2.9M | 4M | 3.8M | 5M | 6M | 5.6M |
| Shareholders' equity | 14.1M | 11.3M | 10.1M | 9.9M | 6.6M | 7.5M | 5.3M | 2.6M | 3.2M | 129.4M | 127.4M | 121.7M |
| Total debt | 498K | 369K | 183K | 503K | 357K | 169K | 58K | 338K | 211K | 71K | — | — |
| Net debt | -14.8M | -12.1M | -11.1M | -10.8M | -7.7M | -9.7M | -7.2M | -5.1M | -5M | -133.3M | — | — |
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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Net income | -10.3M | -26.6M | -14.3M | -12.3M | -14.4M | -16.8M |
| Depreciation & amortization | 3K | 2K | 3K | 4K | 3K | 3K |
| Stock-based compensation | 2M | 1.9M | 1M | 624K | 652K | 4M |
| Change in working capital | 1.3M | -1.2M | -176K | 187K | 697K | 534K |
| Operating cash flow | -5.8M | 8.8M | -13.5M | -11.3M | -12.8M | -10.8M |
| Capital expenditure | -6K | 0 | -10K | -4K | 0 | — |
| Investing cash flow | -6K | -54K | -10K | -4K | 0 | — |
| Dividends paid | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — |
| Financing cash flow | 1.9M | 24.7M | 12.2M | 8M | 6.6M | 126.5M |
| Net change in cash | -3.9M | 33.5M | -1.3M | -3.3M | -6.2M | 115.6M |
| Free cash flow | -4.8M | -14.8M | -13.4M | -11.1M | -12.2M | -10.8M |
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 | -3.6M | -3M | -3.5M | -4.1M | -3.5M | -3.3M | -2.2M | -2.8M | -2.9M | -8.9M | -9.6M | -10.6M |
| Depreciation & amortization | 1K | 0 | 1K | 1K | 1K | 0 | 1K | 1K | 1K | 0 | 0 | 0 |
| Stock-based compensation | 202K | 185K | 118K | 362K | 95K | 77K | 69K | 69K | 90K | 3.7M | 4.3M | 4.8M |
| Change in working capital | 394K | 221K | 22K | -138K | -12K | 260K | 334K | 810K | -979K | 369K | 2.6M | -518K |
| Operating cash flow | -2.8M | -2.5M | -3.4M | -3.8M | -3.5M | -2.8M | -1.8M | -1.8M | -3.6M | -3.1M | -3.9M | -7.6M |
| Capital expenditure | 0 | 0 | — | — | 0 | 0 | — | — | — | — | — | — |
| Investing cash flow | 0 | 0 | — | — | 0 | 0 | — | — | — | — | — | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 1.6M | -151K | -637K | 3.6M | -180K | 4.2M | -338K | 0 | -545K | 127.6M | 3.1M | -28K |
| Net change in cash | -1.2M | -2.7M | -4M | -189K | -3.7M | 1.4M | -2.1M | -1.8M | -4.1M | 124.4M | -828K | -7.6M |
| Free cash flow | -2.7M | -2.7M | -3.2M | -3.5M | -3.1M | -2.4M | -2.3M | -1.8M | -3.6M | -3.1M | -3.9M | -7.6M |