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 | -$0.34 | -$0.36 | -5.9% | — | $0 | — |
| Q1 26 | -$0.36 | -$0.32 | +11.1% | — | $0 | — |
| Q4 25 | -$0.38 | -$0.35 | +7.9% | — | $0 | — |
| Q2 25 | -$0.68 | -$0.71 | -4.4% | — | $0 | — |
| Q1 25 | -$0.75 | -$0.92 | -22.7% | — | $0 | — |
| Q4 24 | -$0.96 | -$0.82 | +14.6% | — | $0 | — |
| Q3 24 | -$0.98 | -$0.95 | +3.1% | — | $0 | — |
| Q2 24 | -$0.85 | -$0.92 | -8.2% | — | $0 | — |
| Q1 24 | -$0.77 | -$0.78 | -1.3% | — | $0 | — |
| Q4 23 | -$0.82 | -$0.69 | +15.9% | — | $0 | — |
| Q3 23 | -$0.77 | -$0.7 | +9.1% | — | $0 | — |
| Q2 23 | -$0.71 | -$0.7 | +1.4% | — | $248K | — |
| Q1 23 | -$0.67 | -$0.67 | 0.0% | — | $1.3M | — |
| Q4 22 | -$0.7 | -$0.72 | -2.9% | — | $2M | — |
| Q3 22 | -$0.74 | -$0.65 | +12.2% | — | $1.5M | — |
| Q2 22 | -$0.81 | -$0.82 | -1.2% | — | $5M | — |
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 | — | -$2.43 | — | — | $0 | — |
| FY24 | — | -$3.47 | — | — | $0 | — |
| FY23 | — | -$2.75 | — | — | $1.6M | — |
| FY22 | — | -$2.94 | — | — | $9.7M | — |
| FY21 |
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 | $57.1M | $41.8M | $7.6M | $9.7M | $1.6M | $0 | $0 |
| YoY change | — | +InfinityT% | -26.7% | -81.9% | +27.9% | -83.7% | -100% | 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 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 57.1M | 41.8M | 7.6M | 9.7M | 1.6M | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — |
| Research & development | 24.4M | 47.4M | 66.2M | 77.5M | 96.9M | 127.8M | 169.3M | 109.2M |
| Selling, general & administrative | 6.5M | 10.9M | 17.3M | 27.6M | 39.9M | 57.9M | 59.1M | 47.2M |
| Operating expenses | 30.9M | 58.3M | 83.5M | 105.1M | 136.9M | 185.7M | 228.4M | 156.4M |
| Operating income | -30.9M | -1.2M | -41.6M | -97.5M | -127.2M | -184.1M | -228.4M | -156.4M |
| Operating margin | — | -2.16% | -99.6% | -1.3K% | -1.3K% | -11.7K% | — | — |
| Non-operating income, net | -49K | -216K | -366K | — | — | — | — | -1.8M |
| Pretax income | -30.3M | -631K | -41.5M | -97.3M | -123.3M | -161.3M | -210.3M | -149.3M |
| Income tax | — | — | — | — | — | — | — | — |
| Net income | -30.3M | -631K | -41.5M | -97.3M | -123.3M | -161.3M | -210.3M | -149.3M |
| Net margin | — | -1.11% | -99.3% | -1.3K% | -1.3K% | -10.2K% | — | — |
| EBITDA | -30.2M | -118K | -40.3M | -95.7M | -120.7M | -158.2M | -205.2M | -143.3M |
| EPS | -2.13 | -0.31 | -1.95 | -2.71 | -2.94 | -2.75 | -3.47 | -2.43 |
| Diluted EPS | -2.13 | -0.31 | -1.95 | -2.71 | -2.94 | -2.75 | -3.47 | -2.43 |
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 | 32.3M | 33.2M | 37.1M | 45.6M | 47.8M | 38.8M | 43.4M | 32.2M | 17.9M | 15.6M | 13.6M | 16.7M |
| Selling, general & administrative | 15.3M | 13.9M | 15.2M | 15M | 14.3M | 14.5M | 15.5M | 13.4M | 10.3M | 8M | 8.2M | 7.1M |
| Operating expenses | 47.7M | 47M | 52.4M | 60.6M | 62M | 53.3M | 58.9M | 45.6M | 28.3M | 23.6M | 21.8M | 23.9M |
| Operating income | -47.7M | -47M | -52.4M | -60.6M | -62M | -53.3M | -58.9M | -45.6M | -28.3M | -23.6M | -21.8M | -23.9M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | — | — | — | — | — | — | — | — | — | — | — | — |
| Pretax income | -41.5M | -41.1M | -47M | -55.9M | -57.8M | -49.7M | -56.2M | -43.3M | -26.3M | -23.6M | -20M | -22.4M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — |
| Net income | -41.5M | -41.1M | -47M | -55.9M | -57.8M | -49.7M | -56.2M | -43.3M | -26.3M | -23.6M | -20M | -22.4M |
| Net margin | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -40.7M | -40.3M | -46M | -54.4M | -56.4M | -48.4M | -54.9M | -42M | -25.1M | -23.1M | -19.8M | -22.1M |
| EPS | -0.7 | -0.69 | -0.78 | -0.92 | -0.95 | -0.82 | -0.92 | -0.71 | -0.43 | -0.38 | -0.32 | -0.36 |
| Diluted EPS | -0.7 | -0.69 | -0.78 | -0.92 | -0.95 | -0.82 | -0.92 | -0.71 | -0.43 | -0.38 | -0.32 | -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 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Market cap | — | — | 484.9M | — | — | — | 797.3M | 74.9M | 66.9M |
| Enterprise value | — | — | 208M | — | — | — | 501.8M | -87M | -62.5M |
| Shares outstanding | 16.5M | 21.8M | 21.3M | 35.8M | 42M | 58.7M | 60.5M | 61.4M | 61.4M |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | — | -0.45 |
| P/S | — | — | 11.6 | — | — | — | — | — | — |
| P/B | — | — | 1.71 | — | — | — | 2.62 | 0.41 | 0.46 |
| EV/EBITDA | — | — | -5.16 | — | — | — | -2.45 | 0.61 | 0.69 |
| EV/Sales | — | — | 4.98 | — | — | — | — | — | — |
| Earnings yield | — | — | — | — | — | — | — | — | -224% |
| FCF yield | — | — | -8% | — | — | — | -20% | -171.9% | -63.6% |
| PEG | — | — | — | — | — | — | — | — | 0.01 |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Operating margin | — | -2.16% | -99.6% | -1.3K% | -1.3K% | -11.7K% | — | — | 0% |
| Net margin | — | -1.11% | -99.3% | -1.3K% | -1.3K% | -10.2K% | — | — | 0% |
| ROE | 3.4K% | 145.1% | -14.7% | -48.9% | -39.4% | -34.1% | -69.2% | -82.4% | -50.3% |
| ROA | -45.5% | -0.53% | -14.1% | -44% | -35.2% | -31.5% | -53% | -66.3% | -23.3% |
| Return on tangible assets | -45.5% | -0.53% | -14.1% | -44% | -35.2% | -31.5% | -53% | -66.3% | -48.6% |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 12.1 | 13.7 | 25.1 | 12.4 | 14.2 | 17.7 | 10.9 | 12 | 9.9 |
| Quick ratio | 12.1 | 13.7 | 25.1 | 12.4 | 14.2 | 17.7 | 10.9 | 12 | 9.9 |
| Debt / equity | -0.6 | -1.02 | 0 | 0.04 | 0.05 | 0.02 | 0.2 | 0.16 | 0.2 |
| Debt / assets | 0.01 | 0 | 0 | 0.03 | 0.05 | 0.02 | 0.15 | 0.13 | 0.15 |
| Net debt / EBITDA | 2 | 867.2 | 6.86 | 2.02 | 2.61 | 3.05 | 1.44 | 1.13 | 1.44 |
| Interest coverage | — | — | — | — | -154.9 | -126.3 | -68.5 | -57.4 | -96 |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 2.61 | 1.96 | 0.21 | 0.23 | 0.03 | 0 | 0 | 0 |
| EPS (basic) | -2.13 | -0.31 | -1.95 | -2.71 | -2.94 | -2.75 | -3.47 | -2.43 | -2.43 |
| EPS (diluted) | -2.13 | -0.31 | -1.95 | -2.71 | -2.94 | -2.75 | -3.47 | -2.43 | -1.51 |
| Book value per share | -0.05 | -0.02 | 13.3 | 5.55 | 7.46 | 8.07 | 5.02 | 2.95 | 2.37 |
| FCF per share | -1.86 | -0.17 | -1.82 | -2.16 | -2.29 | -2 | -2.63 | -2.1 | -1.14 |
| Cash per share | 3.69 | 4.71 | 13 | 5.6 | 7.88 | 8.42 | 5.88 | 3.11 | 2.55 |
| Capex per share | 0.14 | 0.04 | 0.07 | 0.05 | 0.04 | 0.02 | 0.06 | — | — |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Capex / revenue | — | 1.69% | 3.66% | 25.8% | 18.2% | 58.3% | — | — | — |
| Capex / operating cash flow | -8% | -17.4% | -4.12% | -2.53% | -1.75% | -0.83% | -2.31% | — | — |
| Payout ratio | — | — | — | — | — | — | — | — | 0% |
| — |
| -$2.71 |
| — |
| — |
| $7.6M |
| — |
| FY20 | — | -$1.95 | — | — | $41.8M | — |
| FY19 | — | -$0.31 | — | — | $57.1M | — |
| FY18 | — | -$2.13 | — | — | $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 | -100% | -100% | -100% | -100% | 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 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 60.9M | 102.8M | 276.9M | 200.6M | 331.2M | 494.2M | 355.7M | 190.9M |
| Receivables | 0 | 7.1M | 9.3M | 2M | 2M | 0 | — | — |
| Inventory | — | — | — | — | — | — | — | — |
| Total current assets | 61.7M | 111.9M | 290.8M | 209.4M | 340.3M | 505.5M | 362.3M | 196.4M |
| Property, plant & equipment | 4.3M | 4.1M | 4.3M | 10.9M | 9.9M | 4.8M | 32.8M | 26.9M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — |
| Total assets | 66.5M | 119.1M | 295.5M | 221.2M | 350.6M | 512.2M | 396.9M | 225.2M |
| Accounts payable | 2.6M | 1.3M | 2M | 3M | 1.6M | 4.5M | 6M | 480K |
| Short-term debt | — | — | — | 1.9M | 2.5M | 1.3M | 542K | 1.4M |
| Total current liabilities | 5.1M | 8.2M | 11.6M | 16.8M | 23.9M | 28.5M | 33.2M | 16.4M |
| Long-term debt | 525K | 444K | 0 | 5.3M | 13.4M | 10.1M | 59.6M | 27.7M |
| Total liabilities | 67.4M | 119.5M | 12.5M | 22.2M | 37.3M | 38.6M | 92.9M | 44M |
| Shareholders' equity | -882K | -435K | 283.1M | 199.1M | 313.3M | 473.6M | 304.1M | 181.2M |
| Total debt | 525K | 444K | 0 | 7.2M | 15.8M | 11.4M | 60.2M | 29.1M |
| Net debt | -60.4M | -85.4M | -50.9M | -44.5M | -17.9M | -51.9M | -11M | -16.3M |
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 | — | — | — | — | — | — | — | — | 241.8M | 190.9M | 170.9M | 158.1M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | — | — | — | — | — | — | — | — | 245.6M | 196.4M | 174.9M | 163.1M |
| Property, plant & equipment | — | — | — | — | — | — | — | — | 29.1M | 26.9M | 25.8M | 24.7M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | — | — | — | — | — | — | — | — | 276.6M | 225.2M | 202.6M | 189.9M |
| Accounts payable | 3.4M | 4.5M | 7.3M | 3.2M | 6.9M | 6M | 5.6M | 1.4M | 485K | 480K | 362K | 1.5M |
| Short-term debt | — | — | — | — | — | — | — | — | 1.2M | 1.4M | 1.7M | 2.3M |
| Total current liabilities | — | — | — | — | — | — | — | — | 17.6M | 16.4M | 10.4M | 16.5M |
| Long-term debt | — | — | — | — | — | — | — | — | 58.7M | 27.7M | 27.1M | 26.5M |
| Total liabilities | — | — | — | — | — | — | — | — | 76.3M | 44M | 37.4M | 43M |
| Shareholders' equity | — | — | — | — | — | — | — | — | 200.3M | 181.2M | 165.2M | 146.9M |
| Total debt | — | — | — | — | — | — | — | — | 59.9M | 29.1M | 28.8M | 28.7M |
| Net debt | — | — | — | — | — | — | — | — | -33.9M | -16.3M | 6.6M | 3.9M |
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 | -30.3M | -631K | -41.5M | -97.3M | -123.3M | -161.3M | -210.3M | -149.3M |
| Depreciation & amortization | 666K | 1.1M | 1.3M | 1.5M | 1.8M | 1.8M | 2.1M | 1.7M |
| Stock-based compensation | 228K | 1.8M | 3.9M | 10.4M | 22.6M | 44.5M | 37.6M | 26.2M |
| Change in working capital | 356K | -7.9M | -1.1M | 6.5M | -3.4M | 2.2M | 565K | -6.3M |
| Operating cash flow | -29M | -5.5M | -37.2M | -77.1M | -100.4M | -110.4M | -166.5M | -128.3M |
| Capital expenditure | -2.3M | -964K | -1.5M | -2M | -1.8M | -921K | -3.8M | — |
| Investing cash flow | -2.3M | -18.2M | -210.9M | 73.7M | -150.2M | -127M | 140.3M | 134.5M |
| Dividends paid | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — |
| Financing cash flow | 87.3M | 45.5M | 213.2M | 2.5M | 226.9M | 274.4M | 23.1M | -31.7M |
| Net change in cash | 56M | 21.8M | -34.9M | -908K | -23.8M | 37M | -3.1M | -25.5M |
| Free cash flow | -30.7M | -3.7M | -38.8M | -77.4M | -96.4M | -117.3M | -159.4M | -128.7M |
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 | 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 | -41.5M | -41.1M | -47M | -55.9M | -57.8M | -49.7M | -56.2M | -43.3M | -26.3M | -23.6M | -20M | -22.4M |
| Depreciation & amortization | 448K | 464K | 513K | 622K | 532K | 458K | 448K | 447K | 436K | 365K | 264K | 249K |
| Stock-based compensation | 10.4M | 9.2M | 9.7M | 10.6M | 8.9M | 8.4M | 8.9M | 6.4M | 6.4M | 4.5M | 4.3M | 4.2M |
| Change in working capital | 2.3M | 62K | 1.9M | -4M | 3.7M | -1M | -421K | -4.1M | -1.5M | -316K | -115K | 935K |
| Operating cash flow | -27.7M | -30.9M | -34.2M | -47.4M | -43.9M | -41.1M | -46.4M | -40.6M | -21.1M | -17.8M | -19.2M | -12.8M |
| Capital expenditure | -94K | -61K | -1.5M | -1.3M | -896K | -209K | -262K | — | — | — | — | — |
| Investing cash flow | 38.3M | 31.9M | 59.5M | 10.7M | 31M | 39.1M | 69.1M | 35.6M | 27.8M | 1.8M | -4.2M | 15.5M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 699K | 219K | 19.9M | 2.6M | 543K | 102K | 0 | 0 | 0 | 0 | — | — |
| Net change in cash | 11.2M | 1.3M | 45.3M | -34.1M | -12.4M | -1.8M | 22.7M | -5M | 6.7M | -16M | -23.4M | 2.7M |
| Free cash flow | -36.3M | -25.2M | -31.8M | -46.5M | -33.2M | -47.9M | -49.1M | -40.7M | -21.1M | -17.8M | -19.2M | -12.8M |