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 | -$0.13 | -$0.18 | -38.5% | — | $0 | — |
| Q1 26 | -$0.2 | -$0.14 | +30.0% | — | — | — |
| Q4 25 | -$0.2 | -$0.19 | +5.0% | — | — | — |
| Q3 25 | -$0.23 | -$0.21 | +8.7% | — | — | — |
| Q2 25 | -$0.25 | -$0.21 | +16.0% | — | — | — |
| Q1 25 | -$0.28 | -$0.21 | +25.0% | — | — | — |
| Q4 24 | -$0.28 | -$0.29 | -3.6% | — | — | — |
| Q3 24 | -$0.33 | -$0.23 | +30.3% | — | — | — |
| Q2 24 | -$0.36 | -$0.3 | +16.7% | — | — | — |
| Q1 24 | -$0.42 | -$0.35 | +16.7% | — | — | — |
| Q4 23 | -$0.47 | -$0.35 | +25.5% | — | — | — |
| Q3 23 | -$0.34 | -$0.37 | -8.8% | — | — | — |
| Q2 23 | -$0.3 | -$0.32 | -6.7% | — | — | — |
| Q1 23 | -$0.3 | -$0.67 | -123.3% | — | — | — |
| Q4 22 | -$0.28 | -$0.26 | +7.1% | — | — | — |
| Q3 22 | -$0.28 | -$0.2 | +28.6% | — | — | — |
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 | — | -$0.74 | — | — | $0 | — |
| FY24 | — | -$1.03 | — | — | $0 | — |
| FY23 | — | -$1.39 | — | — | $0 | — |
| FY22 | — | -$1.43 | — | — | $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 | 24.8M | 34.3M | 16.1M | 6.1M | 7.9M | 11.3M | 29.4M | 27.8M | 22.6M | 19M |
| Selling, general & administrative | 14.7M | 17.7M | 14.3M | 11M | 7M | 10.2M | 12.2M | 15.3M | 13.8M | 12.5M |
| Operating expenses | 39.5M | 52M | 30.4M | 18.1M | 14.9M | 21.4M | 41.7M | 43M | 36.3M | 31.5M |
| Operating income | -39.5M | -52M | -30.4M | -17.1M | -14.9M | -21.4M | -41.7M | -43M | -36.3M | -31.5M |
| Operating margin | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | -163.5K | — | -12.7M | 9.4M | — | — | — | — | — | — |
| Pretax income | -40.7M | -53.4M | -43.6M | -7.4M | -14.8M | -21.4M | -42.1M | -44.3M | -38.5M | -35.7M |
| Income tax | -1.8M | -2.6M | -2.8M | -381.5K | 0 | -4.5M | -1.2M | -1.4M | -869.2K | -1.2M |
| Net income | -38.8M | -50.9M | -40.9M | -7M | -14.8M | -16.9M | -40.9M | -42.9M | -37.6M | -34.5M |
| Net margin | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -39.4M | -51.1M | -29.3M | -16.6M | -14.9M | -21.4M | -40.7M | -40.1M | -33.8M | -30.3M |
| EPS | -26.8 | -33.4 | -26.2 | -1.44 | -0.89 | -0.66 | -1.43 | -1.39 | -1.03 | -0.74 |
| Diluted EPS | -26.8 | -33.4 | -26.2 | -1.44 | -0.89 | -0.66 | -1.43 | -1.39 | -1.03 | -0.74 |
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 | 0 |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Research & development | 6.4M | 7.5M | 6.7M | 4.5M | 6.8M | 4.5M | 5.8M | 4.2M | 4.6M | 4.4M | 3.5M | 3.3M |
| Selling, general & administrative | 4.1M | 2.9M | 3.4M | 4.2M | 3.4M | 2.8M | 3.3M | 3.4M | 3.6M | 2.3M | 3.1M | 3.2M |
| Operating expenses | 10.5M | 10.4M | 10.1M | 8.7M | 10.2M | 7.4M | 9.1M | 7.6M | 8.1M | 6.7M | 6.5M | 6.5M |
| Operating income | -10.5M | -10.4M | -10.1M | -8.7M | -10.2M | -7.4M | -9.1M | -7.6M | -8.1M | -6.7M | -6.5M | -6.5M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | — | — | — | — | — | — | — | — | — | — | — | — |
| Pretax income | -10.8M | -10.9M | -10.6M | -9.2M | -10.7M | -8M | -9.7M | -9.4M | -9M | -7.6M | -7.3M | -9.8M |
| Income tax | 0 | 2 | — | -869.2K | 0 | 0 | -1.2M | 0 | 0 | 0 | 0 | 0 |
| Net income | -10.8M | -10.9M | -10.6M | -8.3M | -10.7M | -8M | -8.5M | -9.4M | -9M | -7.6M | -7.3M | -9.8M |
| Net margin | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -9.8M | -9.7M | -9.4M | -8M | -9.5M | -6.9M | -8.7M | -7.3M | -7.9M | -6.4M | -6.3M | -6.4M |
| EPS | -0.35 | — | -0.3 | -0.23 | -0.29 | — | -0.21 | -0.21 | -0.19 | — | -0.13 | -0.18 |
| Diluted EPS | -0.35 | — | -0.3 | -0.23 | -0.29 | — | -0.21 | -0.21 | -0.19 | — | -0.13 | -0.18 |
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 | — | 284.8M | 10M | — | — | — | — | 153.8M | — | — | 55.5M |
| Enterprise value | — | 217.2M | -24.6M | — | — | — | — | 121.1M | — | — | 43.4M |
| Shares outstanding | 1.4M | 1.5M | 1.6M | 4.9M | 16.7M | 25.6M | 28.6M | 31M | 36.5M | 46.4M | 46.4M |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | — | — | — | -1.03 |
| P/B | — | 4.57 | 0.34 | — | — | — | — | 5.89 | — | — | -11.9 |
| EV/EBITDA | — | -4.25 | 0.84 | — | — | — | — | -3.02 | — | — | -1.56 |
| Earnings yield | — | — | — | — | — | — | — | — | — | — | -96.8% |
| FCF yield | — | -14.4% | -330.6% | — | — | — | — | -21.9% | — | — | -24.8% |
| PEG | — | — | — | — | — | — | — | — | — | — | 0.07 |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | — | — | — | — | — | 0% |
| Net margin | — | — | — | — | — | — | — | — | — | — | 0% |
| ROE | -43.5% | -81.5% | -137% | -59.8% | -54.7% | -26.8% | -92.8% | -164.3% | -197.9% | -372.9% | -544% |
| ROA | -35% | -54.9% | -112.8% | -48.3% | -48.1% | -25.2% | -53.1% | -72.3% | -82.9% | -113.1% | -70.6% |
| ROIC | 1.8K% | 992.1% | 631.7% | 3.7K% | 1.4K% | 1.4K% | 656.8% | 654.4% | 4.2K% | 5.9K% | 578.4% |
| Return on tangible assets | -35% | -54.9% | -112.8% | -48.3% | -48.1% | -25.2% | -53.1% | -72.3% | -82.9% | -113.1% | -382.3% |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 16.1 | 6.92 | 5.59 | 5.18 | 9.28 | 17.8 | 7.79 | 4.33 | 2.64 | 2.98 | 0.57 |
| Quick ratio | 16.1 | 6.92 | 5.59 | 5.18 | 9.28 | 17.8 | 7.79 | 4.33 | 2.64 | 2.98 | 0.57 |
| Debt / equity | 0.17 | 0.33 | — | 0 | 0.02 | 0.01 | 0.53 | 0.91 | 1.15 | 1.83 | -0.01 |
| Debt / assets | 0.13 | 0.22 | — | 0 | 0.02 | 0.01 | 0.3 | 0.4 | 0.48 | 0.56 | 0.5 |
| Net debt / EBITDA | 2.32 | 1.32 | — | 0.73 | 1.9 | 3.02 | 1.24 | 0.82 | 0.59 | 0.32 | 0.05 |
| Interest coverage | -32.8 | -23.5 | -29.6 | -218.9 | — | — | -30.9 | -9.54 | -7.23 | -5.68 | -4.06 |
| 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) | -26.8 | -33.4 | -26.2 | -1.44 | -0.89 | -0.66 | -1.43 | -1.39 | -1.03 | -0.74 | -0.74 |
| EPS (diluted) | -26.8 | -33.4 | -26.2 | -1.44 | -0.89 | -0.66 | -1.43 | -1.39 | -1.03 | -0.74 | -0.64 |
| Book value per share | 61.9 | 41 | 19.1 | 2.4 | 1.62 | 2.47 | 1.54 | 0.84 | 0.52 | 0.2 | -0.06 |
| FCF per share | -22.8 | -26.9 | -21.2 | -3.71 | -0.79 | -0.49 | -0.9 | -1.09 | -0.96 | -0.6 | -0.3 |
| Cash per share | 73.7 | 58 | 22.2 | 2.5 | 1.72 | 2.55 | 2.58 | 1.83 | 1.14 | 0.58 | 0.1 |
| Capex per share | 0.48 | 0.12 | 0 | 0.06 | 0 | — | — | — | 0 | — | — |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Capex / operating cash flow | -2.17% | -0.44% | 0% | -1.36% | 0% | — | — | — | -0.08% | — | — |
| Payout ratio | — | — | — | — | — | — | — | — | — | — | 0% |
| FY21 | — | -$0.66 | — | — | $0 | — |
| FY20 | — | -$0.89 | — | — | $0 | — |
| FY19 | — | -$1.44 | — | — | $0 | — |
| FY18 | — | -$26.2 | — | — | $0 | — |
| FY17 | — | -$33.4 | — | — | $0 | — |
| FY16 | — | -$26.8 | — | — | $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 | $0 | $0 | $0 | $0 | $0 | $0 |
| YoY change | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 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 | 106.4M | 88.1M | 34.6M | 12.2M | 28.8M | 65.2M | 73.8M | 56.6M | 41.7M | 26.7M |
| Receivables | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 107.4M | 89.1M | 35.7M | 14.5M | 30.3M | 66.8M | 76.5M | 59.1M | 45.1M | 28.3M |
| Property, plant & equipment | 3.4M | 3.4M | 427K | 21.1K | 5.4K | 86 | 374.9K | 335K | 304.2K | 243.7K |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — |
| Total assets | 110.9M | 92.6M | 36.2M | 14.5M | 30.9M | 67.2M | 77M | 59.4M | 45.4M | 30.5M |
| Accounts payable | 3.5M | 4.4M | 399.4K | 1.2M | 1.4M | 1.3M | 1.2M | 7M | 1.7M | 3.6M |
| Short-term debt | 0 | 3.1M | — | — | 119.9K | 258.9K | 288K | 4.2M | 12.6M | 5.2M |
| Total current liabilities | 6.7M | 12.9M | 6.4M | 2.8M | 3.3M | 3.8M | 9.8M | 13.6M | 17.1M | 9.5M |
| Long-term debt | 15M | 17.4M | — | 0 | 490.4K | 231.4K | 23.2M | 19.6M | 9.3M | 11.8M |
| Total liabilities | 21.6M | 30.2M | 6.4M | 2.8M | 3.8M | 4M | 33M | 33.3M | 26.4M | 21.2M |
| Shareholders' equity | 89.3M | 62.4M | 29.8M | 11.7M | 27.1M | 63.2M | 44M | 26.1M | 19M | 9.3M |
| Total debt | 15M | 20.5M | — | 0 | 610.3K | 490.4K | 23.5M | 23.9M | 21.8M | 16.9M |
| Net debt | -91.4M | -67.6M | — | -12.2M | -28.2M | -64.8M | -50.3M | -32.7M | -19.9M | -9.8M |
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 | — | — | — | — | — | — | — | — | 26.2M | 26.7M | 21.7M | 5.6M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | — | — | — | — | — | — | — | — | 27.9M | 28.3M | 22.9M | 7M |
| Property, plant & equipment | — | — | — | — | — | — | — | — | 258.8K | 243.7K | 228.6K | 213.4K |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | — | — | — | — | — | — | — | — | 34.7M | 30.5M | 24.7M | 8.8M |
| Accounts payable | — | — | — | — | — | — | — | — | 5.2M | 3.6M | 3.7M | 6.4M |
| Short-term debt | — | — | — | — | — | — | — | — | 6M | 5.2M | 5.2M | 4.4M |
| Total current liabilities | — | — | — | — | — | — | — | — | 13.3M | 9.5M | 10.1M | 12.4M |
| Long-term debt | — | — | — | — | — | — | — | — | 11.9M | 11.8M | 10.6M | 9.5K |
| Total liabilities | — | — | — | — | — | — | — | — | 25.3M | 21.2M | 20.8M | 12.4M |
| Shareholders' equity | — | — | — | — | — | — | — | — | 9.5M | 9.3M | 3.9M | -3.6M |
| Total debt | — | — | — | — | — | — | — | — | 18M | 16.9M | 15.9M | 4.4M |
| Net debt | — | — | — | — | — | — | — | — | -8.2M | -9.8M | -5.8M | -1.2M |
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 | -38.8M | -50.9M | -40.9M | -7M | -14.8M | -16.9M | -40.9M | -42.9M | -37.6M | -34.5M |
| Depreciation & amortization | 100.1K | 182.9K | 174.3K | 98.4K | 15.6K | 5.4K | 86 | 17.4K | 21.1K | 21.8K |
| Stock-based compensation | 5.3M | 6.4M | 7.6M | 3.2M | 452.3K | 4.1M | 5.2M | 7.6M | 6.8M | 4.1M |
| Change in working capital | 1.4M | 898.1K | 7.2M | -3.5M | -378.8K | -276.7K | -588.4K | 5.5M | -5.3M | 1.9M |
| Operating cash flow | -31.7M | -42.9M | -25.4M | -20.3M | -14.6M | -12.8M | -30.8M | -27.9M | -34.6M | -27.8M |
| Capital expenditure | -686.7K | -188.7K | 0 | 275K | 0 | — | — | — | -29K | — |
| Investing cash flow | -686.7K | -188.7K | 0 | 29.4M | 0 | — | — | — | -29K | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 8.8M | 22.4M | -21M | 750K | 29.8M | 48.5M | 34.1M | 16.1M | 19.4M | 6.4M |
| Net change in cash | -23.6M | -20.7M | -46.4M | 9.9M | 15.2M | 35.7M | 3.4M | -11.8M | -15.2M | -21.3M |
| Free cash flow | -32.9M | -40.9M | -33.2M | -18.1M | -13.1M | -12.5M | -25.7M | -33.6M | -35.1M | -27.8M |
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 | -10.8M | -10.9M | -10.6M | -8.3M | -10.7M | -8M | -8.5M | -9.4M | -9M | -7.6M | -7.3M | -9.8M |
| Depreciation & amortization | 4.7K | 4.7K | 4.7K | 5.5K | 5.5K | 5.5K | 5.5K | 5.5K | 5.5K | 5.5K | 5.5K | 8.4K |
| Stock-based compensation | 2.1M | 1.4M | 1.6M | 1.8M | 1.8M | 1.6M | 1.3M | 448K | 1.2M | 1.2M | 1.2M | 1.1M |
| Change in working capital | 891.3K | 1.6M | -982K | -2.7M | -2M | 383.9K | 1.2M | 1.6M | 683.5K | -1.6M | 75.9K | 2.7M |
| Operating cash flow | -7.7M | -7.2M | -9.7M | -8.7M | -10.6M | -5.6M | -5.6M | -9.1M | -5.9M | -3.7M | -4.4M | -2.8M |
| Capital expenditure | 0 | — | — | — | -1 | 0 | — | — | — | — | — | — |
| Investing cash flow | 0 | — | — | — | -1 | 0 | — | — | — | — | — | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 802.3K | 10.5M | 19.5M | -13.8K | -81.3K | 28.3K | 7.3M | -18.2M | 241.2K | 1M | -679.8K | -18.6M |
| Net change in cash | -6.9M | 3.2M | 9.8M | -8.7M | -10.7M | -5.6M | 1.8M | -27.3M | -5.7M | -2.7M | -5.1M | -21.4M |
| Free cash flow | -7.2M | -8.5M | -9.9M | -8.9M | -8M | -8.2M | -9M | -9.1M | -5.9M | -3.7M | -4.4M | -2.8M |