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 | -$0.36 | -$0.36 | 0.0% | — | $0 | — |
| Q1 26 | -$0.23 | -$0.34 | -47.8% | — | $0 | — |
| Q4 25 | -$0.47 | -$0.15 | +68.1% | — | $0 | — |
| Q3 25 | -$0.44 | -$0.44 | 0.0% | — | $0 | — |
| Q2 25 | -$0.36 | -$0.45 | -25.0% | — | $0 | — |
| Q1 25 | -$1.23 | -$0.85 | +30.9% | — | $0 | — |
| Q3 24 | -$4.14 | -$1.54 | +62.8% | — | $0 | — |
| Q2 24 | -$4.59 | -$3.62 | +21.1% | — | $0 | — |
| Q1 24 | -$11.7 | -$1.53 | +86.9% | — | $0 | — |
| Q3 23 | -$1.43 | -$1.14 | +20.3% | — | $0 | — |
| Q1 23 | — | -$3.15 | — | — | $0 | — |
| Q4 22 | -$3.24 | -$2.4 | +25.9% | — | $0 | — |
| Q3 22 | $4.32 | -$3.12 | -172.2% | — | $0 | — |
| Q2 22 | -$3.72 | -$2.28 | +38.7% | — | $0 | — |
| Q1 22 | -$3.6 | -$2.28 | +36.7% | — | $0 | — |
| Q4 21 | -$3.84 | -$3.24 | +15.6% | — | $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 | — | -$1.45 | — | — | $0 | — |
| FY24 | — | -$9.08 | — | — | $0 | — |
| FY23 | — | -$46.8 | — | — | $0 | — |
| FY22 | — | -$90.9 | — | — | $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 | $19K | $15K | $138K | $21K | $0 | $0 | $0 | $0 | $0 | $0 |
| YoY change | -44.1% | -21.1% | +820% | -84.8% | -100% | 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 | 19K | 15K | 138K | 21K | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — |
| Research & development | 5.4M | 10.1M | 4.3M | 4.3M | 3.7M | 8.9M | 7M | 6.3M | 3.6M | 4.6M |
| Selling, general & administrative | 3.6M | 4M | 3.2M | 4.7M | 5.1M | 4.6M | 4.5M | 4.4M | 3.7M | 4.6M |
| Operating expenses | 9M | 14.1M | 7.5M | 9M | 8.8M | 13.5M | 11.5M | 10.7M | 7.4M | 9.2M |
| Operating income | -9M | -14.1M | -7.4M | -9M | -8.8M | -13.5M | -11.5M | -10.7M | -7.4M | -9.2M |
| Operating margin | -47.4K% | -93.7K% | -5.3K% | -42.8K% | — | — | — | — | — | — |
| Non-operating income, net | 6K | -11K | 4K | 79K | -1K | 224K | -18K | -128K | 6K | 2K |
| Pretax income | -9M | -14.1M | -7.4M | -8.9M | -8.8M | -13.3M | -11.5M | -10.8M | -7.2M | -8.7M |
| Income tax | 0 | -1.6M | 0 | 0 | 0 | 0 | 0 | — | — | — |
| Net income | -9M | -12.5M | -7.4M | -8.9M | -8.8M | -13.3M | -11.5M | -10.8M | -7.2M | -8.7M |
| Net margin | -47.3K% | -83K% | -5.3K% | -42.4K% | — | — | — | — | — | — |
| EBITDA | -9M | -14M | -7.3M | -8.9M | -8.7M | -13.3M | -11.3M | -10.4M | -7.4M | -9.2M |
| EPS | -50.8K | -30.4K | -6.2K | -2.1K | -207.4 | -112.3 | -90.9 | -46.8 | -9.08 | -1.45 |
| Diluted EPS | -50.8K | -30.4K | -6.2K | -2.1K | -207.4 | -112.3 | -90.9 | -46.8 | -9.08 | -1.45 |
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 | 1.8M | 1M | 1.1M | 866K | 644K | 985K | 886K | 1.1M | 1.2M | 1.5M | 2.8M | 3.1M |
| Selling, general & administrative | 968K | 766K | 1.1M | 1M | 946K | 689K | 986K | 1.2M | 1.3M | 1.1M | 1.4M | 1.2M |
| Operating expenses | 2.8M | 1.8M | 2.2M | 1.9M | 1.6M | 1.7M | 1.9M | 2.3M | 2.5M | 2.5M | 4.2M | 4.3M |
| Operating income | -2.8M | -1.8M | -2.2M | -1.9M | -1.6M | -1.7M | -1.9M | -2.3M | -2.5M | -2.5M | -4.2M | -4.3M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | -4K | -122K | 55K | 68K | 66K | -183K | -22K | 143K | — | 0 | 3K | — |
| Pretax income | -2.8M | -1.9M | -2.2M | -1.8M | -1.5M | -1.6M | -1.8M | -2.2M | -2.4M | -2.4M | -4M | -4.1M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — |
| Net income | -2.8M | -1.9M | -2.2M | -1.8M | -1.5M | -1.6M | -1.8M | -2.2M | -2.4M | -2.4M | -4M | -4.1M |
| Net margin | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -2.7M | -1.7M | -2.2M | -1.9M | -1.6M | -1.7M | -1.9M | -2.3M | -2.5M | -2.5M | -4.2M | -4.3M |
| EPS | -10.3 | — | -4.23 | -32.6 | -1.54 | — | -0.41 | -0.45 | -0.44 | — | -0.34 | -0.36 |
| Diluted EPS | -10.3 | — | -4.23 | -32.6 | -1.54 | — | -0.41 | -0.45 | -0.44 | — | -0.34 | -0.36 |
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 | — | — | — | — | — | — | 5.1M | — | — | — | 11.7M |
| Enterprise value | — | — | — | — | — | — | -6.5M | — | — | — | -1.3M |
| Shares outstanding | 218 | 409 | 1.2K | 4.3K | 42.5K | 118.8K | 126.3K | 231.5K | 787.5K | 6M | 6M |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | — | — | — | 0.01 |
| P/B | — | — | — | — | — | — | 0.47 | — | — | — | 0.93 |
| EV/EBITDA | — | — | — | — | — | — | 0.58 | — | — | — | 0.09 |
| Earnings yield | — | — | — | — | — | — | — | — | — | — | 8.2K% |
| FCF yield | — | — | — | — | — | — | -241.3% | — | — | — | -65.8% |
| PEG | — | — | — | — | — | — | — | — | — | — | -0 |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | -47.4K% | -93.7K% | -5.3K% | -42.8K% | — | — | — | — | — | — | 0% |
| Net margin | -47.3K% | -83K% | -5.3K% | -42.4K% | — | — | — | — | — | — | 0% |
| ROE | -82.9% | -679.3% | -54.2% | -155% | -67.6% | -60.6% | -105.9% | -140.1% | -151.4% | -43.2% | -113.7% |
| ROA | -67.1% | -303.9% | -48% | -110.8% | -55.9% | -52.8% | -89.6% | -115.6% | -124.6% | -40.5% | -65.8% |
| ROIC | 439.5% | 804.5% | 566% | 1.3K% | 1.5K% | 738.3% | 1.5K% | — | — | — | — |
| Return on tangible assets | -67.1% | -303.9% | -48% | -110.8% | -55.9% | -52.8% | -89.6% | -115.6% | -124.6% | -40.5% | -90.2% |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 5.16 | 1.69 | 8.69 | 3.88 | 6.91 | 8.06 | 6.42 | 5.71 | 5.65 | 16 | 8.39 |
| Quick ratio | 5.16 | 1.69 | 8.69 | 3.88 | 6.91 | 8.06 | 6.42 | 5.71 | 5.65 | 16 | 8.39 |
| Debt / equity | — | — | 0 | 0.09 | 0.05 | 0.01 | 0.02 | 0 | — | — | 0 |
| Debt / assets | — | — | 0 | 0.06 | 0.04 | 0.01 | 0.01 | 0 | — | — | — |
| Net debt / EBITDA | — | — | 2.04 | 0.72 | 1.56 | 1.78 | 1.03 | 0.81 | — | — | 0.96 |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — | — | — | — |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | 87.2 | 36.7 | 116.5 | 4.93 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (basic) | -50.8K | -30.4K | -6.2K | -2.1K | -207.4 | -112.3 | -90.9 | -46.8 | -9.08 | -1.45 | -1.45 |
| EPS (diluted) | -50.8K | -30.4K | -6.2K | -2.1K | -207.4 | -112.3 | -90.9 | -46.8 | -9.08 | -1.45 | -1.29 |
| Book value per share | 49.8K | 4.5K | 11.5K | 1.3K | 306.5 | 184.6 | 85.8 | 33.4 | 6 | 3.37 | 1.08 |
| FCF per share | -35.6K | -23.8K | -6.4K | -2K | -207.7 | -100.2 | -97 | -46.5 | -9.03 | -1.34 | -1.05 |
| Cash per share | 59.2K | 8.8K | 12.6K | 1.6K | 335.4 | 202.5 | 93.3 | 36.7 | 6.83 | 3.51 | 1.12 |
| Capex per share | 18.3 | 496.3 | 4.22 | 16.9 | 0.45 | 0.43 | 0.96 | 0.02 | 0 | — | — |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Capex / revenue | 21.1% | 1.4K% | 3.62% | 342.9% | — | — | — | — | — | — | — |
| Capex / operating cash flow | -0.05% | -2.12% | -0.07% | -0.87% | -0.22% | -0.39% | -1.15% | -0.05% | -0.01% | — | — |
| Payout ratio | — | — | — | — | — | — | — | — | — | — | 0% |
| FY21 | — | -$112.3 | — | — | $0 | — |
| FY20 | — | -$207.4 | — | — | $0 | — |
| FY19 | — | -$2.1K | — | — | $21K | — |
| FY18 | — | -$6.2K | — | — | $138K | — |
| FY17 | — | -$30.4K | — | — | $15K | — |
| FY16 | — | -$50.8K | — | — | $19K | — |
| 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 | 12.9M | 3.6M | 14.9M | 6.9M | 14.2M | 24.1M | 11.8M | 8.5M | 5.4M | 21M |
| Receivables | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 13.1M | 3.8M | 15.2M | 7.3M | 15.2M | 24.7M | 12.4M | 9.3M | 5.7M | 21.5M |
| Property, plant & equipment | -831K | -900K | 172K | 721K | 557K | 416K | 344K | 39K | 2K | 11K |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — |
| Total assets | 13.4M | 4.1M | 15.3M | 8M | 15.7M | 25.2M | 12.8M | 9.4M | 5.7M | 21.5M |
| Accounts payable | 917K | 511K | 550K | 809K | 728K | 283K | 779K | 657K | 253K | 435K |
| Short-term debt | — | — | — | 107K | 116K | 125K | 135K | 35K | — | — |
| Total current liabilities | 2.5M | 2.3M | 1.7M | 1.9M | 2.2M | 3.1M | 1.9M | 1.6M | 1M | 1.3M |
| Long-term debt | — | — | 0 | 411K | 526K | 170K | 35K | 0 | — | — |
| Total liabilities | 2.5M | 2.3M | 1.7M | 2.3M | 2.7M | 3.2M | 2M | 1.6M | 1M | 1.3M |
| Shareholders' equity | 10.9M | 1.8M | 13.6M | 5.7M | 13M | 21.9M | 10.8M | 7.7M | 4.7M | 20.1M |
| Total debt | — | — | 0 | 518K | 642K | 295K | 170K | 35K | — | — |
| Net debt | — | — | -14.9M | -6.4M | -13.6M | -23.8M | -11.6M | -8.5M | — | — |
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 | 8.4M | 8.5M | 6.5M | 4.7M | 5.4M | 5.4M | 13.3M | 10.8M | 10.7M | 21M | 17M | 13M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 9.3M | 9.3M | 6.8M | 5.3M | 5.9M | 5.7M | 13.4M | 11.3M | 11.5M | 21.5M | 17.4M | 14.3M |
| Property, plant & equipment | 208K | 39K | 2K | 1K | 1K | 2K | — | — | — | 11K | 10K | 9K |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 9.5M | 9.4M | 6.9M | 5.3M | 5.9M | 5.7M | 13.4M | 11.3M | 11.5M | 21.5M | 17.4M | 14.3M |
| Accounts payable | 173K | 657K | 320K | 335K | 184K | 253K | 427K | 235K | 516K | 435K | 260K | 901K |
| Short-term debt | 70K | 35K | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | 2.3M | 1.6M | 1.2M | 1.5M | 919K | 1M | 1.3M | 1.2M | 1.7M | 1.3M | 950K | 1.7M |
| Long-term debt | 0 | 0 | — | — | — | — | — | — | — | — | — | — |
| Total liabilities | 2.3M | 1.6M | 1.2M | 1.5M | 919K | 1M | 1.3M | 1.2M | 1.7M | 1.3M | 950K | 1.7M |
| Shareholders' equity | 7.2M | 7.7M | 5.6M | 3.8M | 4.9M | 4.7M | 12.2M | 10.1M | 9.8M | 20.1M | 16.5M | 12.6M |
| Total debt | 70K | 35K | — | — | — | — | — | — | — | — | — | — |
| Net debt | -8.3M | -8.5M | — | — | — | — | — | — | — | — | — | — |
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 | -9M | -12.5M | -7.4M | -8.9M | -8.8M | -13.3M | -11.5M | -10.8M | -7.2M | -8.7M |
| Depreciation & amortization | 53K | 70K | 81K | 67K | 72K | 192K | 193K | 184K | 35K | 3K |
| Stock-based compensation | 756K | 314K | 282K | 300K | 136K | 480K | 414K | 303K | 147K | 481K |
| Change in working capital | -246K | -608K | 39K | 157K | -188K | -561K | 371K | -257K | -439K | 183K |
| Operating cash flow | -8.4M | -9.6M | -7M | -8.3M | -8.7M | -13.1M | -10.5M | -10.6M | -7.4M | -8M |
| Capital expenditure | -4K | -203K | -5K | -72K | -19K | -51K | -121K | -5K | -1K | — |
| Investing cash flow | 5.3M | -103K | -5K | -72K | -19K | -51K | -121K | -5K | 8K | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | 0 | -15K | — | 0 | -13K | -1K | 0 |
| Financing cash flow | 10.2M | 292K | 18.8M | 700K | 12.3M | 19.6M | -26K | 7.4M | 4M | 17.9M |
| Net change in cash | 7.1M | -9.4M | 11.9M | -7.6M | 3.6M | 6.5M | -10.6M | -3.2M | -3.4M | 9.9M |
| Free cash flow | -7.8M | -9.7M | -7.5M | -8.7M | -8.8M | -11.9M | -12.3M | -10.8M | -7.1M | -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 | -2.8M | -1.9M | -2.2M | -1.8M | -1.5M | -1.6M | -1.8M | -2.2M | -2.4M | -2.4M | -4M | -4.1M |
| Depreciation & amortization | 47K | 43K | 34K | 1K | 0 | 0 | 0 | 0 | 2K | 1K | 1K | 1K |
| Stock-based compensation | 89K | 9K | 32K | 15K | 52K | 48K | 43K | 51K | 113K | 274K | 318K | 278K |
| Change in working capital | -502K | 449K | -372K | 15K | -151K | 69K | 174K | -192K | 281K | -80K | -175K | 641K |
| Operating cash flow | -3.1M | -1.4M | -2.5M | -1.8M | -1.6M | -1.5M | -1.6M | -2.5M | -2.1M | -2.1M | -4M | -4M |
| Capital expenditure | 0 | 0 | — | 0 | 0 | -1K | -2K | — | — | — | — | — |
| Investing cash flow | 0 | 0 | — | 0 | 0 | -1K | -2K | — | — | — | 3K | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | 0 | 0 | 0 | 0 | -1K | 0 | — | — | — | — | — | — |
| Financing cash flow | 0 | 2.4M | -4K | 0 | 2.6M | 1.4M | 6.5M | 3.8M | 1.9M | 9.6M | 0 | 0 |
| Net change in cash | -3.1M | 1M | -2.5M | -1.8M | 1M | -155K | 4.9M | 1.3M | -233K | 7.5M | -4M | -4M |
| Free cash flow | -2.9M | -2.4M | -2M | -1.8M | -2M | -1.4M | -1.3M | -2.5M | -2.1M | -2.1M | -4M | -4M |