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 | — | — | — | — | $8.4M | — |
| FY24 | — | — | — | — | $0 | — |
| FY23 | — | — | — | — | $0 | — |
| FY22 | — | — | — | — | $0 | — |
| FY21 | — | — | — | — | $0 | — |
| FY20 | — | — | — | — | $0 | — |
| FY19 | — | — | — | — | $0 | — |
| FY18 | — | — | — | — | $0 | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $8.4M |
| YoY change | — | 0% | 0% | 0% | 0% | 0% | 0% | +InfinityT% |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period |
|---|
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8.4M |
| Cost of revenue | 1.2M | 6M | 8.6M | 8.3M | 23.7M | 52.4M | 82.3M | 109.3M |
| Gross profit | -1.2M | -6M | -8.6M | -8.3M | -23.7M | -52.4M | -82.3M | -101M |
| Gross margin | — | — | — | — | — | — | — | -1.2K% |
| Research & development | 786.2K | 526.1K | 648K | 3.7M | 4.3M | 6.6M | 6.4M | 5.9M |
| Selling, general & administrative | 2.1M | 11.5M | 28M | 57.6M | 53.2M | 54.9M | 56.7M | 59.5M |
| Operating expenses | 2.9M | 12M | 28.6M | 61.3M | 57.6M | 61.5M | 63.1M | 65.4M |
| Operating income | -4.1M | -18M | -37.2M | -69.6M | -81.3M | -113.9M | -145.4M | -166.4M |
| Operating margin | — | — | — | — | — | — | — | -2K% |
| Non-operating income, net | — | -329.9K | -11.7M | -1.3M | -6.1M | 33.3M | -92.2M | 43.4M |
| Pretax income | -4.1M | -19.3M | -53M | -77.5M | -84.7M | -101.1M | -289.2M | -181.6M |
| Income tax | — | — | — | 0 | 0 | 650K | -79K | 970K |
| Net income | -4.1M | -19.3M | -53M | -77.5M | -84.7M | -101.7M | -289.1M | -182.6M |
| Net margin | — | — | — | — | — | — | — | -2.2K% |
| EBITDA | -4.1M | -17.4M | -35.4M | -66.3M | -71.4M | -84.7M | -104.8M | -125.8M |
| EPS | — | — | — | — | — | — | — | — |
| Diluted EPS | — | — | — | — | — | — | — | — |
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 | 1.6M | 1.6M | 2.4M | 2.7M | 4.1M | 4.5M |
| Cost of revenue | 17.1M | 8M | 21.2M | 22.2M | 17M | 21.9M | 23.3M | 30M | 29.6M | 26.5M | 31.4M | 34.8M |
| Gross profit | -17.1M | -8M | -21.2M | -22.2M | -17M | -21.9M | -21.7M | -28.3M | -27.1M | -23.8M | -27.3M | -30.3M |
| Gross margin | — | — | — | — | — | — | -1.4K% | -1.7K% | -1.1K% | -882.2% | -660.7% | -671.7% |
| Research & development | 1.6M | 5.9M | 1.8M | 1.6M | 1.5M | 1.5M | 1.5M | 1.4M | 1.4M | 1.5M | 1.6M | 1.4M |
| Selling, general & administrative | 13M | 15.2M | 16M | 16.1M | 12.8M | 11.8M | 14.5M | 15.9M | 10.3M | 18.8M | 13M | 9.6M |
| Operating expenses | 14.6M | 21.1M | 17.8M | 17.7M | 14.3M | 13.3M | 16M | 17.3M | 11.8M | 20.3M | 14.5M | 11M |
| Operating income | -31.6M | -29M | -39M | -39.9M | -31.3M | -35.2M | -37.7M | -45.6M | -38.9M | -44.1M | -41.8M | -41.3M |
| Operating margin | — | — | — | — | — | — | -2.4K% | -2.8K% | -1.6K% | -1.6K% | -1K% | -916.1% |
| Non-operating income, net | 48.8M | 16.2M | -35.2M | 3.3M | -45.2M | -15.1M | 61.2M | -81.6M | 23.9M | 39.8M | 22.4M | -86.5M |
| Pretax income | 8.5M | -23.5M | -85.6M | -48.2M | -90.6M | -64.8M | 8.8M | -144.2M | -28.4M | -17.8M | -33.4M | -142.2M |
| Income tax | 0 | — | — | 0 | 0 | -79K | — | — | — | — | — | — |
| Net income | 8.5M | -24.2M | -85.6M | -48.2M | -90.6M | -64.7M | 8.8M | -144.2M | -28.4M | -18.8M | -33.4M | -142.2M |
| Net margin | — | — | — | — | — | — | 559% | -8.7K% | -1.2K% | -697.1% | -810.3% | -3.2K% |
| EBITDA | -22.4M | -21.1M | -25.4M | -32.5M | -23M | -23.9M | -24.3M | -35.9M | -27.5M | -38.1M | -32.5M | -31.2M |
| EPS | — | — | — | — | — | — | — | — | — | — | — | — |
| Diluted EPS | — | — | — | — | — | — | — | — | — | — | — | — |
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 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Market cap | — | — | — | — | — | — | — | — | 0 |
| Enterprise value | — | — | — | — | — | — | — | — | 1.7B |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| P/S | — | — | — | — | — | — | — | — | 0 |
| P/B | — | — | — | — | — | — | — | — | 70.4 |
| EV/EBITDA | — | — | — | — | — | — | — | — | -12.6 |
| EV/Sales | — | — | — | — | — | — | — | — | 124.9 |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Gross margin | — | — | — | — | — | — | — | -1.2K% | -671.7% |
| Operating margin | — | — | — | — | — | — | — | -2K% | -916.1% |
| Net margin | — | — | — | — | — | — | — | -2.2K% | -1.2K% |
| ROE | -66.3% | -811.4% | -47.4% | -20.3% | -16.6% | -24.2% | -160.2% | -397.9% | -61.6% |
| ROA | -15.9% | -58% | -13% | -11.7% | -9.84% | -9.79% | -36.2% | -19.8% | -10.2% |
| ROIC | — | — | — | -16.8% | -13.6% | -13.5% | -25.7% | -56.5% | -56.5% |
| Return on tangible assets | -15.9% | -58% | -13% | -11.7% | -9.84% | -9.79% | -36.2% | -19.8% | -22.2% |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 0.14 | 0.27 | 1.96 | 8.98 | 6.17 | 2.92 | 0.59 | 2.26 | 2.6 |
| Quick ratio | 0.14 | 0.27 | 1.96 | 8.98 | 6.17 | 2.92 | 0.5 | 2.15 | 2.42 |
| Debt / equity | 2.36 | 8.36 | 2.35 | 0.61 | 0.49 | 1.29 | 2.22 | 9.13 | 1.63 |
| Debt / assets | 0.57 | 0.6 | 0.64 | 0.35 | 0.29 | 0.52 | 0.5 | 0.45 | 0.5 |
| Net debt / EBITDA | -3.54 | -1.14 | -5.58 | -0.48 | -1.23 | -4.99 | -3.68 | -1.98 | -2.15 |
| Interest coverage | — | -18.1 | -11.9 | -9.37 | -35.7 | -2.22 | -4.09 | -1.82 | -2.55 |
| Effective tax rate | — | — | — | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | — | — | — | — | — | — | — | — | 0.08 |
| EPS (diluted) | — | — | — | — | — | — | — | — | -0.62 |
| Book value per share | — | — | — | — | — | — | — | — | 0.08 |
| FCF per share | — | — | — | — | — | — | — | — | -0.81 |
| Cash per share | — | — | — | — | — | — | — | — | 1.12 |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Capex / operating cash flow | -204.9% | -47.7% | -67.6% | -291.3% | -402.2% | -210.6% | -24.4% | — | — |
| 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 | $1.6M | $1.6M | $2.4M | $2.7M | $4.1M | $4.5M |
| YoY change | 0% | 0% | 0% | 0% | 0% | 0% | +InfinityT% | +InfinityT% | +InfinityT% | +InfinityT% | +161.2% | +173.5% |
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 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 100.8K | 150.1K | 64.5M | 200.8M | 162.5M | 121.6M | 15.7M | 170.3M |
| Receivables | — | — | — | — | — | — | — | 2M |
| Inventory | — | — | — | — | — | — | 8.1M | 9.4M |
| Total current assets | 678.4K | 2.9M | 64.9M | 345.3M | 236.2M | 162.6M | 53.9M | 198M |
| Property, plant & equipment | 25.1M | 20.7M | 62.2M | 213.2M | 512.3M | 587M | 648.9M | 627.2M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — |
| Total assets | 25.7M | 33.3M | 408M | 664.7M | 861.3M | 1B | 798.4M | 922.7M |
| Accounts payable | 4.8M | 2.4M | 1.1M | 1.4M | 1.7M | 2.9M | 6.6M | 9.2M |
| Short-term debt | — | 6.9M | 122K | — | — | 9.1M | 23.3M | 17.1M |
| Total current liabilities | 4.9M | 10.5M | 33.1M | 38.5M | 38.3M | 55.6M | 90.9M | 87.6M |
| Long-term debt | 14.6M | 13M | 262.2M | 232.5M | 250.1M | 534.7M | 378M | 402M |
| Total liabilities | 19.5M | 30.9M | 296.2M | 283.1M | 350.5M | 619.1M | 617.9M | 876.8M |
| Shareholders' equity | 6.2M | 2.4M | 111.7M | 381.5M | 510.9M | 420.2M | 180.4M | 45.9M |
| Total debt | 14.6M | 19.9M | 262.3M | 232.5M | 250.1M | 543.8M | 401.3M | 419.1M |
| Net debt | 14.5M | 19.8M | 197.8M | 199.1M | 186.2M | 470.4M | 385.6M | 262.4M |
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 | 211.4M | 121.6M | 27.2M | 10.9M | 83.7M | 15.7M | 22.5M | 284.1M | 234.4M | 170.3M | 121.1M | 224.8M |
| Receivables | — | — | — | — | — | — | 1.5M | 2.1M | 1.6M | 2M | 3.8M | 5.8M |
| Inventory | — | — | — | 6.1M | 6.6M | 8.1M | 8.7M | 10.8M | 10.7M | 9.4M | 12.3M | 18.3M |
| Total current assets | 257.3M | 162.6M | 51.2M | 31.9M | 101.5M | 53.9M | 49.7M | 314.9M | 265.4M | 198M | 146.4M | 260.8M |
| Property, plant & equipment | 574.4M | 587M | 589.1M | 591.6M | 591M | 648.9M | 642M | 632.9M | 628.9M | 627.2M | 642.4M | 644.6M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 1.1B | 1B | 734M | 719.8M | 788.8M | 798.4M | 787.3M | 1B | 989.1M | 922.7M | 886M | 1B |
| Accounts payable | 6.8M | 2.9M | 8.4M | 4.2M | 2.3M | 6.6M | 6.8M | 11.6M | 4.4M | 9.2M | 12.8M | 13.1M |
| Short-term debt | 7.1M | 9.1M | 3.2M | 5M | 11.9M | 23.3M | 23.1M | 29.3M | 27.7M | 17.1M | 15.2M | 14.3M |
| Total current liabilities | 52M | 55.6M | 43.6M | 47.6M | 58.3M | 90.9M | 90.6M | 147.1M | 118.4M | 87.6M | 85.6M | 100.2M |
| Long-term debt | 533.9M | 534.7M | 310.7M | 334.8M | 354.9M | 378M | 394.3M | 403.9M | 408.3M | 402M | 417.9M | 487.8M |
| Total liabilities | 630.3M | 619.1M | 397.2M | 428.1M | 547.4M | 617.9M | 549.1M | 943.6M | 920.9M | 876.8M | 878.6M | 987.1M |
| Shareholders' equity | 441.6M | 420.2M | 336.8M | 291.6M | 241.4M | 180.4M | 238.2M | 98.9M | 68.2M | 45.9M | 7.4M | 15.5M |
| Total debt | 541M | 543.8M | 313.9M | 339.7M | 366.8M | 401.3M | 417.4M | 433.2M | 436M | 419.1M | 433.1M | 502.1M |
| Net debt | 341.6M | 470.4M | 288.8M | 328.9M | 283.1M | 385.6M | 394.9M | 149.2M | 201.6M | 262.4M | 342.9M | 336.9M |
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 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Net income | -4.1M | -19.3M | -53M | -77.5M | -84.7M | -101.7M | -289.1M | -182.6M |
| Depreciation & amortization | 0 | 900.4K | 1.9M | 2.3M | 5.2M | 18.9M | 34.7M | 33.7M |
| Stock-based compensation | 24.5K | 4M | 5.6M | 22.6M | 10.8M | 11.8M | 11.7M | 14.9M |
| Change in working capital | -1.3M | 2M | 234K | 4.7M | -2.3M | -1.9M | -1.4M | -4.6M |
| Operating cash flow | -5.4M | -12.3M | -44.1M | -47.2M | -71.4M | -73.1M | -228M | -142.7M |
| Capital expenditure | -11.1M | -5.9M | -29.8M | -137.4M | -287.2M | -153.9M | -55.6M | — |
| Investing cash flow | -11.1M | -5.9M | -29.8M | -305.6M | -218.4M | -102.1M | -7M | -13.6M |
| Dividends paid | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | 0 | -1.7M | -1.6M | -1.4M | -1.6M | -4.9M |
| Financing cash flow | 16.6M | 12.2M | 378.2M | 293.4M | 203.6M | 272M | -139.2M | 317.1M |
| Net change in cash | 100.7K | -6M | 304.3M | -59.4M | -86.2M | 96.8M | -374.2M | 160.8M |
| Free cash flow | -16.5M | -12.3M | -47.8M | -191.9M | -352.7M | -248.8M | -200.4M | -183.6M |
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 | 8.5M | -24.2M | -85.6M | -48.2M | -90.6M | -64.7M | 8.8M | -144.2M | -28.4M | -18.8M | -33.4M | -142.2M |
| Depreciation & amortization | 6.4M | 2.1M | 10M | 7.9M | 8.2M | 8.6M | 8.5M | 8.4M | 8.4M | 8.4M | 8.5M | 8.6M |
| Stock-based compensation | 3.3M | 3.1M | 2.7M | 3.1M | 2.9M | 3M | 3.4M | 6.4M | 2.9M | 2.3M | 2.5M | 2M |
| Change in working capital | -2.4M | -1.8M | 540K | -1.3M | -1.9M | 1.8M | -9.8M | 1.5M | -128K | 4.6M | -3.5M | -3M |
| Operating cash flow | 17M | -23.3M | -70.1M | -35.2M | -76.8M | -45.2M | 14.5M | -36.7M | -38.5M | -28.7M | -42.7M | -50M |
| Capital expenditure | -18.4M | -11.2M | -14.3M | -10.4M | -9.3M | -21.6M | -15M | — | — | — | — | — |
| Investing cash flow | -30.5M | -46.8M | 32M | -8.2M | -9.3M | -21.6M | -15M | 0 | 0 | -13.6M | -17.2M | -28.6M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | -818K | -248K | -598K | -97K | -483K | -440K | -1.7M | -1.1M | -1.7M | -401K | -2.2M | -295K |
| Financing cash flow | 219.2M | -1.3M | -255.4M | 32.2M | 82.8M | 1.3M | 44.4M | 305.8M | -9.6M | -23.6M | -4.8M | 187.6M |
| Net change in cash | 205.7M | -71.3M | -293.5M | -11.1M | -3.3M | -65.5M | 44M | 269.1M | -48M | -65.9M | -64.7M | 108.9M |
| Free cash flow | -39.3M | -44.8M | -53.5M | -50.8M | -42.6M | -53.4M | -53.9M | -45.3M | -42.4M | -42M | -46.1M | -81.8M |