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 | -$0.29 | -$0.26 | +10.3% | — | $0 | — |
| Q4 25 | -$0.39 | -$0.27 | +30.8% | — | $0 | — |
| Q3 25 | -$0.56 | -$0.52 | +7.1% | — | $0 | — |
| Q2 25 | -$0.85 | -$0.7 | +17.6% | — | $0 | — |
| Q1 25 | -$0.75 | -$0.92 | -22.7% | — | $0 | — |
| Q4 24 | -$0.72 | -$0.68 | +5.6% | — | $0 | — |
| Q3 24 | -$0.77 | -$0.66 | +14.3% | — | $0 | — |
| Q2 24 | -$0.68 | -$0.87 | -27.9% | — | $0 | — |
| Q1 24 | -$0.64 | -$0.63 | +1.6% | — | $0 | — |
| Q4 23 | -$0.95 | -$0.81 | +14.7% | — | $0 | — |
| Q3 23 | -$0.8 | -$0.98 | -22.5% | — | $0 | — |
| Q2 23 | -$0.75 | -$0.82 | -9.3% | — | $0 | — |
| Q1 23 | -$0.74 | -$0.69 | +6.8% | — | $0 | — |
| Q4 22 | -$0.87 | -$0.24 | +72.4% | — | $0 | — |
| Q3 22 | -$1 | -$0.79 | +21.0% | — | $0 | — |
| Q2 22 | -$0.76 | -$1.23 | -61.8% | — | $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 | — | -$2.12 | — | — | $0 | — |
| FY24 | — | -$2.85 | — | — | $0 | — |
| FY23 | — | -$3.3 | — | — | $0 | — |
| FY22 | — | -$2.91 | — | — | $0 | — |
| FY21 | — | -$3.53 | — |
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 | $0 | $0 | $0 |
| YoY change | — | 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.
| Period | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 |
|---|
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 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — |
| Research & development | 1M | 19M | 54.1M | 68.1M | 76.5M | 71M |
| Selling, general & administrative | 853K | 8.1M | 14.2M | 16.6M | 21.3M | 22.6M |
| Operating expenses | 1.9M | 27.1M | 68.3M | 84.8M | 97.7M | 93.6M |
| Operating income | -1.9M | -27.1M | -68.3M | -84.8M | -97.7M | -93.6M |
| Operating margin | — | — | — | — | — | — |
| Non-operating income, net | -20K | -172K | 110K | -187K | -1K | -11K |
| Pretax income | -1.9M | -27.3M | -65.4M | -78.6M | -90.6M | -89.6M |
| Income tax | — | 0 | 3.7M | 73K | -617K | 49K |
| Net income | -1.9M | -27.3M | -69.1M | -78.6M | -90M | -89.7M |
| Net margin | — | — | — | — | — | — |
| EBITDA | -1.8M | -26.9M | -67.8M | -83.9M | -92.5M | -88.5M |
| EPS | -0.53 | -3.53 | -2.91 | -3.3 | -2.85 | -2.12 |
| Diluted EPS | -0.53 | -3.53 | -2.91 | -3.3 | -2.85 | -2.12 |
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 | 20.5M | 16.3M | 14.7M | 25.1M | 17.7M | 19M | 25.4M | 18.4M | 13.4M | 13.9M | 13M | 12.5M |
| Selling, general & administrative | 4.2M | 4.5M | 5.1M | 5.4M | 5.4M | 5.4M | 5.9M | 5.5M | 5.2M | 5.9M | 5.9M | 6.4M |
| Operating expenses | 24.8M | 20.8M | 19.8M | 30.4M | 23.2M | 24.3M | 31.3M | 23.9M | 18.7M | 19.7M | 18.9M | 18.9M |
| Operating income | -24.8M | -20.8M | -19.8M | -30.4M | -23.2M | -24.3M | -31.3M | -23.9M | -18.7M | -19.7M | -18.9M | -18.9M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | -88K | 43K | 43K | -31K | -39K | 26K | -3K | 3K | -6K | -5K | -56K | 50K |
| Pretax income | -23.3M | -19.4M | -18M | -28.3M | -21.4M | -22.9M | -30.2M | -23.1M | -18M | -18.3M | -17.7M | -17.8M |
| Income tax | 0 | 73K | 0 | 0 | 0 | -617K | 0 | 0 | 0 | 49K | 15K | 16K |
| Net income | -23.3M | -19.5M | -18M | -28.3M | -21.4M | -22.2M | -30.2M | -23.1M | -18M | -18.3M | -17.8M | -17.8M |
| Net margin | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -24.5M | -20.6M | -19.6M | -28M | -21.9M | -23M | -30M | -22.7M | -17.4M | -18.4M | -17.7M | -17.7M |
| EPS | -0.98 | — | -0.63 | -0.87 | -0.66 | -0.68 | -0.92 | -0.7 | -0.52 | -0.27 | -0.26 | -0.26 |
| Diluted EPS | -0.98 | — | -0.63 | -0.87 | -0.66 | -0.68 | -0.92 | -0.7 | -0.52 | -0.27 | -0.26 | -0.26 |
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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Market cap | — | — | — | — | 161.8M | — | — | 179.4M |
| Enterprise value | — | — | — | — | 71.5M | — | — | 78.2M |
| Shares outstanding | — | 7.7M | 7.7M | 23.7M | 23.8M | 31.6M | 42.2M | 42.2M |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | -1.22 |
| P/B | — | — | — | — | 1.49 | — | — | 1.5 |
| EV/EBITDA | — | — | — | — | -0.85 | — | — | -1.04 |
| Earnings yield | — | — | — | — | — | — | — | -82% |
| FCF yield | — | — | — | — | -44.2% | — | — | -24.1% |
| PEG | — | — | — | — | — | — | — | 0.02 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | — | — | 0% |
| Net margin | — | — | — | — | — | — | — | 0% |
| ROE | — | -19.3% | -20.5% | -38.5% | -72.5% | -75.9% | -60.8% | -75.5% |
| ROA | — | -17.8% | -19% | -31.8% | -55% | -59.6% | -51.6% | -39.1% |
| ROIC | — | — | -13.6K% | -304.7% | -467.9% | -571.9% | -585.4% | -414.6% |
| Return on tangible assets | — | -17.8% | -19% | -31.8% | -55% | -59.6% | -51.6% | -50.9% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Current ratio | — | 12.3 | 13.6 | 9.88 | 6.43 | 7.41 | 11.9 | 13.4 |
| Quick ratio | — | 12.3 | 13.6 | 9.88 | 6.43 | 7.41 | 11.9 | 13.4 |
| Debt / equity | — | — | 0 | 0.14 | 0.19 | 0.16 | 0.12 | 0.13 |
| Debt / assets | — | — | 0 | 0.11 | 0.14 | 0.12 | 0.1 | 0.11 |
| Net debt / EBITDA | — | — | 4.93 | 2.32 | 1.08 | 1.1 | 1.49 | 1.42 |
| Effective tax rate | — | — | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Revenue per share | — | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (basic) | — | -0.53 | -3.53 | -2.91 | -3.3 | -2.85 | -2.12 | -2.12 |
| EPS (diluted) | — | -0.53 | -3.53 | -2.91 | -3.3 | -2.85 | -2.12 | -1 |
| Book value per share | — | 1.27 | 17.2 | 7.58 | 4.56 | 3.76 | 3.49 | 1.73 |
| FCF per share | — | -0.22 | -2.99 | -2.66 | -3.01 | -2.62 | -1.94 | -1 |
| Cash per share | — | 1.27 | 17.2 | 7.66 | 4.64 | 3.81 | 3.52 | 1.69 |
| Capex per share | — | 0 | 0.06 | 0.16 | 0.11 | 0.02 | — | — |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Capex / operating cash flow | — | -0.53% | -1.82% | -5.96% | -3.6% | -0.66% | — | — |
| Payout ratio | — | — | — | — | — | — | — | 0% |
Split-adjusted payout per share by ex-dividend date.
| Ex-dividend | Amount |
|---|---|
| May 23, 2022 | $0.42 |
| May 20, 2019 | $0.30 |
| May 21, 2018 | $0.27 |
| May 22, 2017 | $0.16 |
| May 23, 2016 | $0.13 |
| May 18, 2015 | $0.12 |
| May 19, 2014 | $0.11 |
| — |
| $0 |
| — |
| FY20 | — | -$0.53 | — | — | $0 | — |
| 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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 78.1M | 9.8M | 132.9M | 181.8M | 110.4M | 120.2M | 148.5M |
| Receivables | 58.6M | — | — | — | — | — | — |
| Inventory | 204.9M | — | — | — | — | — | — |
| Total current assets | 364.4M | 10.3M | 140M | 186.1M | 112.7M | 123.8M | 151M |
| Property, plant & equipment | -223.2M | 323K | 636K | 29.9M | 28.4M | 25.1M | 21M |
| Goodwill & intangibles | 37M | — | — | — | — | — | — |
| Total assets | 996.9M | 10.6M | 143.6M | 217.4M | 143.1M | 150.9M | 173.9M |
| Accounts payable | 89.5M | 721K | 3.2M | 1.4M | 1M | 1.8M | 822K |
| Short-term debt | 134.6M | — | — | 5.6M | 3M | 3.1M | 3.2M |
| Total current liabilities | 224.1M | 838K | 10.3M | 18.8M | 17.5M | 16.7M | 12.6M |
| Long-term debt | 419.3M | — | 0 | 19M | 17.1M | 15.6M | 13.8M |
| Total liabilities | 643.4M | 868K | 10.5M | 37.8M | 34.6M | 32.3M | 26.5M |
| Shareholders' equity | 66.2M | 9.8M | 133.1M | 179.6M | 108.4M | 118.6M | 147.4M |
| Total debt | 553.9M | — | 0 | 24.5M | 20.1M | 18.7M | 17M |
| Net debt | 485M | — | -132.9M | -157.2M | -60.7M | -30.8M | -43.5M |
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 | 129.5M | 110.4M | 175.2M | 161.3M | 138.9M | 120.2M | 97.8M | 74.7M | 163.7M | 148.5M | 132.3M | 117.2M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 133.1M | 112.7M | 177.6M | 164.8M | 142.4M | 123.8M | 101M | 77.5M | 166.2M | 151M | 134.3M | 120.3M |
| Property, plant & equipment | 29.2M | 28.4M | 27.5M | 26.8M | 25.9M | 25.1M | 24.4M | 22.8M | 21.9M | 21M | 20.1M | 19.3M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 164.3M | 143.1M | 207M | 193.5M | 170.2M | 150.9M | 127.4M | 102.2M | 190.1M | 173.9M | 156.3M | 141.4M |
| Accounts payable | 4M | 1M | 1.5M | 7.7M | 5.9M | 1.8M | 2.7M | 856K | 766K | 822K | 622K | 1.1M |
| Short-term debt | 3M | 3M | 3M | 3M | 3.1M | 3.1M | 3.1M | 3.1M | 3.2M | 3.2M | 3.2M | 3.2M |
| Total current liabilities | 21M | 17.5M | 11.3M | 22.1M | 16.8M | 16.7M | 20.4M | 16.4M | 12.6M | 12.6M | 9M | 9M |
| Long-term debt | 17.5M | 17.1M | 16.7M | 16.4M | 16M | 15.6M | 15.2M | 14.7M | 14.3M | 13.8M | 13.4M | 12.9M |
| Total liabilities | 38.4M | 34.6M | 28M | 38.5M | 32.8M | 32.3M | 35.6M | 31.1M | 26.9M | 26.5M | 22.3M | 21.9M |
| Shareholders' equity | 125.9M | 108.4M | 179M | 155M | 137.5M | 118.6M | 91.8M | 71.2M | 163.1M | 147.4M | 134M | 119.5M |
| Total debt | 20.4M | 20.1M | 19.8M | 19.4M | 19M | 18.7M | 18.3M | 17.9M | 17.4M | 17M | 16.6M | 16.1M |
| Net debt | -109.1M | -60.7M | -114.1M | -46.7M | -23.2M | -30.8M | -25.4M | -17.2M | -125.3M | -43.5M | -25.6M | -6.7M |
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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Net income | -1.9M | -27.3M | -69.1M | -78.6M | -90M | -89.7M |
| Depreciation & amortization | 110K | 178K | 493K | 850K | 5.3M | 5.1M |
| Stock-based compensation | 119K | 1.5M | 4.8M | 7M | 11.5M | 10.6M |
| Change in working capital | 161K | -1.8M | 760K | -1.5M | -2.3M | -4M |
| Operating cash flow | -1.5M | -27.4M | -63M | -72.2M | -75.5M | -81.6M |
| Capital expenditure | -8K | -500K | -3.8M | -2.6M | -497K | — |
| Investing cash flow | -8K | -500K | -3.8M | -32M | -37.7M | -15M |
| Dividends paid | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — |
| Financing cash flow | 8M | 147.7M | 111.6M | -442K | 86.3M | 107.7M |
| Net change in cash | 6.4M | 119.8M | 44.9M | -104.7M | -26.9M | 11.1M |
| Free cash flow | -1.7M | -23.1M | -63M | -71.6M | -82.9M | -81.9M |
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 | 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 | -23.3M | -19.5M | -18M | -28.3M | -21.4M | -22.2M | -30.2M | -23.1M | -18M | -18.3M | -17.8M | -17.8M |
| Depreciation & amortization | 254K | 232K | 241K | 2.4M | 1.3M | 1.3M | 1.3M | 1.3M | 1.3M | 1.3M | 1.3M | 1.2M |
| Stock-based compensation | 1.9M | 1.9M | 2M | 2.9M | 3.2M | 3.3M | 3.4M | 2.4M | 2.4M | 2.4M | 2.9M | 3.3M |
| Change in working capital | 2.1M | -2.6M | 424K | 4.7M | -2.4M | -5M | 185K | -2.6M | -867K | -745K | -964K | -385K |
| Operating cash flow | -19M | -19.9M | -15.3M | -18.4M | -19.3M | -22.5M | -25.2M | -23.6M | -19.3M | -15.8M | -18.4M | -15.8M |
| Capital expenditure | -225K | -184K | -53K | -31K | -185K | -228K | -125K | — | — | — | — | — |
| Investing cash flow | -225K | -184K | -11.3M | -52.7M | -133K | 26.5M | 17.1M | 15M | 19M | -66.2M | -1.5M | -3.5M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | -326K | -12K | 86.6M | -225K | -80K | 0 | 0 | 0 | 108.1M | -338K | 1.5M | 0 |
| Net change in cash | -19.6M | -20.1M | 60M | -71.4M | -19.5M | 4M | -8.1M | -8.6M | 107.8M | -82.4M | -18.4M | -19.3M |
| Free cash flow | -16.9M | -19.6M | -22.6M | -16.4M | -24.2M | -19.7M | -23.1M | -23.6M | -19.4M | -15.8M | -18.4M | -15.8M |