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 % |
|---|---|---|---|---|---|---|
| Q1 26 | -$0.74 | -$0.65 | +12.2% | — | $316K | — |
| Q4 25 | -$0.73 | -$1 | -37.0% | — | — | — |
| Q4 23 | — | -$0.16 | — | — | $111K | — |
| Q3 23 | — | -$0.19 | — | — | $87K | — |
| Q2 23 | — | -$0.24 | — | — | $2K | — |
| Q1 23 | -$0.32 | -$0.19 | +40.6% | — | $87K | — |
| Q4 22 | -$0.35 | -$0.28 | +20.0% | — | $0 | — |
| Q3 22 | -$0.36 | -$0.31 | +13.9% | — | $234K | — |
| Q2 22 | -$0.38 | -$0.34 | +10.5% | — | $0 | — |
| Q1 22 | -$0.41 | -$0.36 | +12.2% | — | $0 | — |
| Q4 21 | -$0.4 | -$0.46 | -15.0% | — | $0 | — |
| Q3 21 | -$0.33 | -$0.48 | -45.5% | — | $0 | — |
| Q2 21 | -$0.26 | -$0.49 | -88.5% | — | $0 | — |
| Q1 21 | -$0.1 | -$0.33 | -230.0% | — | $0 | — |
| Q4 20 | -$0.36 | -$0.32 | +11.1% | — | $0 | — |
| Q3 20 | -$0.36 | -$0.42 | -16.7% | — | $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 % |
|---|---|---|---|---|---|---|
| FY26 | — | — | — | — | $1M | — |
| FY25 | — | -$3.56 | — | — | $1.3M | — |
| FY24 | — | -$3.99 | — | — | $326K | — |
| FY23 | — | -$6.24 | — | — | $287K | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | $50K | $54K | $23K | $0 | $234K | $287K | $326K | $1.3M | $1M |
| YoY change | -100% | +InfinityT% | +8% | -57.4% | -100% | +InfinityT% | +22.6% | +13.6% | +309.8% | -24% |
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 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 50K | 54K | 23K | 0 | 234K | 287K | 326K | 1.3M | 1M |
| Cost of revenue | 0 | 2K | 2K | 0 | 0 | 0 | 9K | 4K | 682K | 563K |
| Gross profit | 0 | 48K | 52K | 23K | 0 | 234K | 278K | 322K | 654K | 453K |
| Gross margin | — | 96% | 96.3% | 100% | — | 100% | 96.9% | 98.8% | 49% | 44.6% |
| Research & development | 21.1M | 22.6M | 26.4M | 21.6M | 30.1M | 24.4M | 15.7M | 12.4M | 12.9M | 15.1M |
| Selling, general & administrative | 6.9M | 11.2M | 9.2M | 7.9M | 20.6M | 17.4M | 11.8M | 10M | 10M | 10.3M |
| Operating expenses | 28M | 33.8M | 35.6M | 29.5M | 50.6M | 41.8M | 27.5M | 22.5M | 22.8M | 25.4M |
| Operating income | -28M | -33.7M | -35.5M | -29.5M | -50.6M | -41.6M | -27.2M | -22.2M | -22.2M | -24.9M |
| Operating margin | — | -67.5K% | -65.8K% | -128.2K% | — | -17.8K% | -9.5K% | -6.8K% | -1.7K% | -2.5K% |
| Non-operating income, net | 917K | 8.3M | -131K | -28K | 367K | 550K | -1.9M | 274K | -1.4M | -12K |
| Pretax income | -27.8M | -26.1M | -35.3M | -29.2M | -49.9M | -41.4M | -28.9M | -21.3M | -23.3M | -25.4M |
| Income tax | — | — | — | — | — | — | — | — | -5K | -25K |
| Net income | -27.8M | -26.1M | -35.3M | -29.2M | -49.9M | -41.4M | -28.9M | -21.3M | -23.3M | -25.4M |
| Net margin | — | -52.3K% | -65.4K% | -126.7K% | — | -17.7K% | -10.1K% | -6.5K% | -1.7K% | -2.5K% |
| EBITDA | -26.8M | -32.4M | -33.2M | -27.9M | -48.8M | -40M | -25.8M | -20.5M | -20.7M | -23.9M |
| EPS | -25.6 | -20 | -23.2 | -12.8 | -14.2 | -10.2 | -6.24 | -3.99 | -3.56 | — |
| Diluted EPS | -25.6 | -20 | -23.2 | -12.8 | -14.2 | -10.2 | -6.24 | -3.99 | -3.56 | — |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 | Q3 26 | Q4 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 54K | — | — | — | — | — | — | — | 316K | 198K | 167K | 335K |
| Cost of revenue | 0 | — | — | — | — | — | — | — | 201K | 112K | 111K | 139K |
| Gross profit | 54K | — | — | — | — | — | — | — | 115K | 86K | 56K | 196K |
| Gross margin | 100% | — | — | — | — | — | — | — | 36.4% | 43.4% | 33.5% | 58.5% |
| Research & development | 3M | — | — | — | — | — | — | — | 3.9M | 3.8M | 4M | 3.4M |
| Selling, general & administrative | 2.4M | — | — | — | — | — | — | — | 2.5M | 2.8M | 2.6M | 2.4M |
| Operating expenses | 5.4M | — | — | — | — | — | — | — | 6.5M | 6.6M | 6.6M | 5.7M |
| Operating income | -5.4M | — | — | — | — | — | — | — | -6.3M | -6.5M | -6.5M | -5.5M |
| Operating margin | -10K% | — | — | — | — | — | — | — | -2K% | -3.3K% | -3.9K% | -1.7K% |
| Non-operating income, net | 57K | — | — | — | — | — | — | — | 246K | -261K | 489K | -486K |
| Pretax income | -5.1M | — | — | — | — | — | — | — | -6.1M | -6.9M | -6.2M | -6.2M |
| Income tax | — | — | — | — | — | — | — | — | -8K | -8K | -8K | -1K |
| Net income | -5.1M | — | — | — | — | — | — | — | -6.1M | -6.9M | -6.2M | -6.2M |
| Net margin | -9.4K% | — | — | — | — | — | — | — | -1.9K% | -3.5K% | -3.7K% | -1.8K% |
| EBITDA | -4.9M | — | — | — | — | — | — | — | -6M | -6.3M | -6.3M | -5.3M |
| EPS | -0.96 | -0.96 | -1.01 | — | -1.08 | -0.53 | -0.94 | — | -0.65 | -0.71 | -0.55 | — |
| Diluted EPS | -0.96 | -0.96 | -1.01 | — | -1.08 | -0.53 | -0.94 | — | -0.65 | -0.71 | -0.55 | — |
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 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market cap | 111.9M | — | — | — | — | — | — | — | — | — | 12M |
| Enterprise value | 85.8M | — | — | — | — | — | — | — | — | — | 45.2M |
| Shares outstanding | 1.1M | 1.3M | 1.5M | 2.3M | 3.5M | 4M | 4.6M | 5.2M | 6.3M | — | — |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| P/S | — | — | — | — | — | — | — | — | — | — | 12.3 |
| P/B | 3.7 | — | — | — | — | — | — | — | — | — | — |
| EV/EBITDA | -3.21 | — | — | — | — | — | — | — | — | — | -1.85 |
| EV/Sales | — | — | — | — | — | — | — | — | — | — | 44.5 |
| FCF yield | -19.6% | — | — | — | — | — | — | — | — | — | -101% |
| PEG | — | — | — | — | — | — | — | — | — | — | -0.53 |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin | — | 96% | 96.3% | 100% | — | 100% | 96.9% | 98.8% | 49% | 44.6% | 58.5% |
| Operating margin | — | -67.5K% | -65.8K% | -128.2K% | — | -17.8K% | -9.5K% | -6.8K% | -1.7K% | -2.5K% | -1.7K% |
| Net margin | — | -52.3K% | -65.4K% | -126.7K% | — | -17.7K% | -10.1K% | -6.5K% | -1.7K% | -2.5K% | 44.6% |
| ROE | -91.9% | -91.6% | -161.8% | -52% | -87.3% | -128.5% | -188.8% | -394.2% | 2.7K% | 145.5% | 136.6% |
| ROA | -74.1% | -67.1% | -112.8% | -44.5% | -53.3% | -60.8% | -56.9% | -54% | -60.1% | -102% | -49% |
| ROIC | — | — | — | — | — | — | — | — | -176.4% | -257.7% | -257.7% |
| Return on tangible assets | -74.1% | -67.1% | -112.8% | -44.5% | -53.3% | -60.8% | -56.9% | -54% | -86.7% | -189.6% | -189.6% |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 5.36 | 3.75 | 3.23 | 6.07 | 5.85 | 8.46 | 7.37 | 6.98 | 0.68 | 0.27 | 0.27 |
| Quick ratio | 5.36 | 3.75 | 3.23 | 6.07 | 5.85 | 8.46 | 7.37 | 6.98 | 0.68 | 0.27 | 0.27 |
| Debt / equity | — | — | 0 | 0.03 | 0.43 | 0.89 | 1.95 | 5.47 | -39.4 | -2 | -0.02 |
| Debt / assets | — | — | 0 | 0.02 | 0.26 | 0.42 | 0.59 | 0.75 | 0.88 | 1.4 | 1.4 |
| Net debt / EBITDA | — | — | 0.71 | 1.59 | 0.83 | 0.66 | 0.4 | 0.02 | -0.65 | -1.13 | -1.13 |
| Interest coverage | — | — | — | -150.4 | -638.3 | -45.6 | -33.3 | -23.6 | -25.6 | -26.2 | -26.2 |
| Effective tax rate | — | — | — | — | — | — | — | — | 0% | 0% | 0% |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0.04 | 0.04 | 0.01 | 0 | 0.06 | 0.06 | 0.06 | 0.21 | — | 0.1 |
| EPS (basic) | -25.6 | -20 | -23.2 | -12.8 | -14.2 | -10.2 | -6.24 | -3.99 | -3.56 | — | — |
| EPS (diluted) | -25.6 | -20 | -23.2 | -12.8 | -14.2 | -10.2 | -6.24 | -3.99 | -3.56 | — | -2.42 |
| Book value per share | 27.7 | 21.5 | 14.2 | 24.7 | 16.3 | 8 | 3.34 | 1.03 | -0.14 | — | -2.13 |
| FCF per share | -20.1 | -16.4 | -19.3 | -11.7 | -8.9 | -9.14 | -5.05 | -3.5 | -3.13 | — | -1.12 |
| Cash per share | 23.9 | 22.6 | 15.4 | 20.1 | 18.5 | 13.7 | 8.77 | 5.72 | 3.25 | — | 0.63 |
| Capex per share | 0.32 | 0.26 | 0.16 | 0.12 | 0.11 | 0.07 | 0.06 | 0.06 | — | — | — |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Capex / revenue | — | 684% | 442.6% | 1.2K% | — | 119.7% | 91.3% | 99.1% | — | — | — |
| Capex / operating cash flow | -1.56% | -2.22% | -0.81% | -1.05% | -1.08% | -0.86% | -1.17% | -1.81% | — | — | — |
| Payout ratio | — | — | — | — | — | — | — | — | — | — | 0% |
| FY22 |
| — |
| -$10.2 |
| — |
| — |
| $234K |
| — |
| FY21 | — | -$14.2 | — | — | $0 | — |
| FY20 | — | -$12.8 | — | — | $23K | — |
| FY19 | — | -$23.2 | — | — | $54K | — |
| FY18 | — | -$20 | — | — | $50K | — |
| FY17 | — | -$25.6 | — | — | $0 | — |
| Period | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 | Q3 26 | Q4 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $54K | — | — | — | — | — | — | — | $316K | $198K | $167K | $335K |
| YoY change | -37.9% | — | — | — | — | — | — | — | — | — | — | — |
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 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 26.1M | 29.9M | 23.7M | 45.8M | 65M | 55M | 40.2M | 30M | 20.6M | 7.8M |
| Receivables | 1M | 690K | 1.2M | 1.2M | 1.1M | 955K | 360K | 501K | 424K | 110K |
| Inventory | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 29M | 32M | 26.4M | 48.5M | 67.4M | 57.7M | 41.4M | 31.1M | 22.1M | 8.7M |
| Property, plant & equipment | 7.3M | 5.7M | 3.8M | 3.8M | 2.2M | 9M | 8.3M | 7.2M | 8.7M | 8.6M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | 11.9M | 11.5M |
| Total assets | 37.5M | 39M | 31.3M | 65.5M | 93.5M | 68.1M | 50.8M | 39.5M | 38.7M | 24.9M |
| Accounts payable | 2M | 3.3M | 2.3M | 2M | 2.5M | 1.8M | 1.8M | 964K | 866K | 702K |
| Short-term debt | — | — | — | 1M | 634K | 619K | 627K | 559K | 27.9M | 28.4M |
| Total current liabilities | 5.4M | 8.5M | 8.2M | 8M | 11.5M | 6.8M | 5.6M | 4.5M | 32.3M | 32.7M |
| Long-term debt | — | — | 0 | 565K | 23.9M | 28.2M | 29.3M | 29.1M | 6.1M | 6.5M |
| Total liabilities | 7.3M | 10.5M | 9.5M | 9.4M | 36.4M | 35.9M | 35.5M | 34.1M | 39.5M | 42.3M |
| Shareholders' equity | 30.3M | 28.5M | 21.8M | 56.1M | 57.2M | 32.2M | 15.3M | 5.4M | -865K | -17.4M |
| Total debt | — | — | 0 | 1.6M | 24.6M | 28.8M | 29.9M | 29.6M | 34M | 34.9M |
| Net debt | — | — | -4.1M | -6.7M | -6.7M | 19M | 24.5M | 22.8M | 28.2M | 31.4M |
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 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 | Q3 26 | Q4 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 33.6M | 30.6M | 26M | 30M | 25.7M | 21.3M | 26.3M | 20.6M | 15.1M | 12.5M | 9.3M | 7.8M |
| Receivables | — | — | — | 501K | — | 140K | 178K | 424K | 294K | 169K | 99K | 110K |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 35.3M | 32.3M | 27.4M | 31.1M | 27M | 22.4M | 27.5M | 22.1M | 16.9M | 13.8M | 10.5M | 8.7M |
| Property, plant & equipment | 8.2M | 8.1M | 7.9M | 7.2M | 7.2M | 7.1M | 8.6M | 8.7M | 8.5M | 9.1M | 8M | 8.6M |
| Goodwill & intangibles | — | — | — | — | — | — | — | 11.9M | 11.8M | 11.7M | 11.6M | 11.5M |
| Total assets | 44.5M | 41.6M | 36.4M | 39.5M | 35.4M | 30.9M | 37.4M | 38.7M | 33.7M | 30.6M | 26.1M | 24.9M |
| Accounts payable | 973K | 1.1M | 1M | 964K | 1.1M | 1.2M | 930K | 866K | 877K | 1M | 743K | 702K |
| Short-term debt | 643K | 654K | 675K | 559K | 574K | 595K | 599K | 27.9M | 28.2M | 28.5M | 28M | 28.4M |
| Total current liabilities | 4.3M | 4.5M | 4.5M | 4.5M | 4.6M | 4.4M | 5.7M | 32.3M | 32.2M | 32.3M | 32M | 32.7M |
| Long-term debt | 28.6M | 29.8M | 29.4M | 29.1M | 30.3M | 28.7M | 30.6M | 6.1M | 6M | 6.1M | 5.6M | 6.5M |
| Total liabilities | 33.5M | 34.9M | 34.5M | 34.1M | 35.5M | 33.8M | 36.9M | 39.5M | 39.3M | 39.8M | 39.1M | 42.3M |
| Shareholders' equity | 11M | 6.6M | 1.8M | 5.4M | -63K | -2.9M | 483K | -865K | -5.6M | -9.2M | -13M | -17.4M |
| Total debt | 29.2M | 30.5M | 30.1M | 29.6M | 30.9M | 29.3M | 31.2M | 34M | 34.2M | 34.6M | 33.6M | 34.9M |
| Net debt | 24M | 25M | 23M | 22.8M | 27.7M | 22.1M | 22.7M | 28.2M | 30M | 29.9M | 30.2M | 31.4M |
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 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -27.8M | -26.1M | -35.3M | -29.2M | -49.9M | -41.4M | -28.9M | -21.3M | -23.3M | -25.4M |
| Depreciation & amortization | 2.2M | 2M | 2M | 1.6M | 1.4M | 1.1M | 362K | 253K | 316K | 511K |
| Stock-based compensation | 3.7M | 6.5M | 5.1M | 2.6M | 14M | 8.9M | 4M | 2.6M | 2.1M | 3.7M |
| Change in working capital | -264K | 2M | -1.3M | -728K | -125K | 972K | 361K | 198K | -85K | 1.5M |
| Operating cash flow | -22.3M | -15.4M | -29.5M | -25.8M | -34.6M | -32.7M | -22.4M | -17.8M | -18.2M | -19.6M |
| Capital expenditure | -348K | -342K | -239K | -270K | -373K | -280K | -262K | -323K | — | — |
| Investing cash flow | 4.4M | 5.7M | 1.2M | -48.4M | -14.2M | 11.8M | 9.7M | 10.6M | 9.6M | 10.5M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 15.8M | 18.7M | 23.6M | 58.2M | 61M | 7.5M | 8M | 8.8M | 9.5M | 7M |
| Net change in cash | -2.1M | 9M | -4.8M | -16M | 12.3M | -13.4M | -4.7M | 1.6M | 966K | -2M |
| Free cash flow | -22M | -21.7M | -29.7M | -26.6M | -31.3M | -36.8M | -23.1M | -18.3M | -19.8M | -20.2M |
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 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 | Q3 26 | Q4 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -5.1M | -5M | -5.4M | -5.9M | -6M | -3.1M | -6.3M | -7.8M | -6.1M | -6.9M | -6.2M | -6.2M |
| Depreciation & amortization | 67K | 64K | 61K | 61K | 65K | 68K | 72K | 111K | 130K | 129K | 128K | 124K |
| Stock-based compensation | 836K | 573K | 618K | 591K | 558K | 256K | 491K | 838K | 1.4M | 763K | 1.1M | 476K |
| Change in working capital | -432K | -582K | 709K | 503K | 161K | -303K | 42K | -164K | -345K | 492K | 773K | 553K |
| Operating cash flow | -4.6M | -4.9M | -3.5M | -4.8M | -5.3M | -3.1M | -5.8M | -5.2M | -5.4M | -5.2M | -4.5M | -4.4M |
| Capital expenditure | -103K | -121K | -89K | -10K | -208K | -112K | -577K | — | — | — | — | — |
| Investing cash flow | 5.8M | 3.9M | 5.7M | -4.8M | 585K | 8.6M | -4.2M | 3.4M | 4M | 3.1M | 1.8M | 1.6M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | — | — | 0 | 91K | — | — | 10M | -388K | — | — | 1.7M | 853K |
| Net change in cash | 1.2M | -1M | 2.2M | -9.5M | -4.7M | 5.5M | -85K | -2.2M | -1.5M | -2.1M | -1M | -2M |
| Free cash flow | -6M | -3.8M | -4.3M | -4.3M | -4.3M | -4.7M | -4.9M | -5.9M | -5.5M | -5.7M | -4.6M | -4.5M |