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 | -$0.98 | -$0.41 | +58.2% | — | $0 | — |
| Q1 26 | -$0.38 | -$2.33 | -513.2% | — | $0 | — |
| Q4 25 | -$3.4 | -$6.16 | -81.2% | — | $0 | — |
| Q3 25 | -$2.6 | $2.9 | +211.5% | — | $0 | — |
| Q2 25 | -$2.1 | -$4 | -90.5% | — | $0 | — |
| Q4 24 | -$2.2 | -$2.71 | -23.2% | — | $0 | — |
| Q3 24 | -$0.6 | -$13.7 | -2178.3% | — | $0 | — |
| Q2 24 | -$26 | -$15.9 | +38.9% | — | $0 | — |
| Q1 24 | -$30 | -$30.3 | -0.9% | — | $0 | — |
| Q4 23 | -$34 | -$63.1 | -85.7% | — | $0 | — |
| Q3 23 | -$44 | -$42 | +4.5% | — | $0 | — |
| Q2 23 | -$50 | -$44.2 | +11.6% | — | $0 | — |
| Q1 23 | -$0.36 | -$0.25 | +30.6% | — | $0 | — |
| Q4 22 | -$50 | -$58.9 | -17.8% | — | $0 | — |
| Q3 22 | -$42 | -$45.6 | -8.5% | — | $0 | — |
| Q2 22 | — | $0.2 | — | — | $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 | — | -$54 | — | — | $0 | — |
| FY24 | — | -$4.44 | — | — | $0 | — |
| FY23 | — | -$18 | — | — | $0 | — |
| FY22 | — | -$24 | — | — | $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 | $100K | $1M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| YoY change | 0% | +InfinityT% | +900% | -100% | 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 | 100K | 1M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — |
| Research & development | 4.2M | 4.6M | 5.3M | 2.3M | 7.2M | 11.8M | 16.3M | 17M | 7.6M | 3.7M |
| Selling, general & administrative | 3M | 6.4M | 5.2M | 4.1M | 5.7M | 5.8M | 6M | 4.8M | 2.9M | 3M |
| Operating expenses | 7.2M | 12.1M | 9.6M | 6.5M | 13M | 17.7M | 22.4M | 22.1M | 10.6M | 6.8M |
| Operating income | -7.2M | -12M | -8.6M | -6.7M | -13.2M | -17.9M | -22.6M | -22.3M | -10.8M | -7M |
| Operating margin | — | -12K% | -856.9% | — | — | — | — | — | — | — |
| Non-operating income, net | -5.1M | -1M | 3.4M | 1.4M | -15.7M | -133K | 307K | 4M | 3.7M | -18.8M |
| Pretax income | -12.1M | -12.9M | -5.6M | -5.2M | -28.7M | -17.8M | -21.8M | -20M | -7.3M | -26.5M |
| Income tax | — | 0 | 0 | 216K | 0 | 0 | — | — | — | — |
| Net income | -12.1M | -12.9M | -5.6M | -5.9M | -28.1M | -18.5M | -21.8M | -20M | -7.3M | -26.5M |
| Net margin | — | -12.9K% | -556.9% | — | — | — | — | — | — | — |
| EBITDA | -7M | -11.9M | -8.9M | -6.3M | -28.4M | -17.4M | -21.8M | -23.7M | -10.8M | -7.5M |
| EPS | -440 | -257.5 | -78 | -60 | -48.8 | -21 | -24 | -18 | -4.44 | -54 |
| Diluted EPS | -440 | -257.5 | -78 | -60 | -48.8 | -21 | -24 | -18 | -4.44 | -54 |
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 | 4.6M | 5.2M | 3.4M | 2.4M | 1.3M | 458K | 760K | 553K | 587K | 1.8M | 1.2M | 702K |
| Selling, general & administrative | 1.2M | 630K | 1M | 865K | 785K | 310K | 646K | 683K | 780K | 873K | 1M | 597K |
| Operating expenses | 5.7M | 5.9M | 4.5M | 3.3M | 2.1M | 768K | 1.4M | 1.2M | 1.4M | 2.7M | 2.3M | 1.3M |
| Operating income | -5.7M | -6.3M | -4.5M | -3.3M | -2.1M | -1M | -1.4M | -1.2M | -1.4M | -3M | -2.3M | -1.3M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | — | — | — | 744K | 1.8M | 673K | 931K | 74K | -56K | -19.7M | 2.2M | 1.7M |
| Pretax income | -5.1M | -4.9M | -3.8M | -2.4M | -668K | -415K | -456K | -1.1M | -1.3M | -23.6M | -89K | 441K |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — |
| Net income | -5.1M | -4.9M | -3.8M | -2.4M | -668K | -415K | -456K | -1.1M | -1.3M | -23.6M | -89K | 441K |
| Net margin | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -5M | -5M | -3.7M | -3.1M | -2M | -1.6M | -1.3M | -1.1M | -1.2M | -3.9M | -2.2M | -1.1M |
| EPS | -46.3 | — | -2.8 | -1.8 | -0.39 | -0.16 | -340 | -4 | -2 | -200 | -180 | 0.4 |
| Diluted EPS | -46.3 | — | -2.8 | -1.8 | -0.39 | -1 | -340 | -4 | -2 | -200 | -180 | 0.4 |
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 | — | — | — | — | — | — | 249.5M | — | — | — | 2.4M |
| Enterprise value | — | — | — | — | — | — | 217.9M | — | — | — | -4.4M |
| Shares outstanding | 28.8K | 47.3K | 71K | 96.8K | 575K | 878.4K | 904.1K | 1.1M | 1.6M | 480.1K | 480.1K |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | — | — | — | 0 |
| P/B | — | — | — | — | — | — | 5.3 | — | — | — | 0.13 |
| EV/EBITDA | — | — | — | — | — | — | -10 | — | — | — | 0.56 |
| Earnings yield | — | — | — | — | — | — | — | — | — | — | 216.5K% |
| FCF yield | — | — | — | — | — | — | -6.8% | — | — | — | -202.3% |
| PEG | — | — | — | — | — | — | — | — | — | — | -0 |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | — | -12K% | -856.9% | — | — | — | — | — | — | — | 0% |
| Net margin | — | -12.9K% | -556.9% | — | — | — | — | — | — | — | 0% |
| ROE | -90.6% | -148.6% | -50.6% | -54.3% | -35.2% | -28.4% | -46.2% | -58.2% | -22.1% | -274.3% | -111.1% |
| ROA | -81.3% | -91% | -37.8% | -40% | -33.5% | -26.3% | -39.8% | -45.1% | -19.7% | -150.8% | -20.3% |
| ROIC | — | -955% | -198.4% | -142.3% | -58% | -96.1% | — | — | — | — | — |
| Return on tangible assets | -81.3% | -702.2% | -234.1% | -248.2% | -44.3% | -37.1% | -64.1% | -122.9% | 39% | -928.9% | -361.4% |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 11.7 | 2.01 | 2.57 | 2.34 | 19.1 | 11.4 | 4.71 | 2.2 | 2.23 | 1.27 | 3.7 |
| Quick ratio | 11.7 | 2.01 | 2.57 | 2.34 | 19.1 | 11.4 | 4.71 | 2.2 | 2.23 | 1.27 | 3.7 |
| Debt / equity | — | — | 0 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.03 | 0.01 |
| Debt / assets | — | — | 0 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0 | 0.01 | 0.01 |
| Net debt / EBITDA | — | — | 0.75 | 0.97 | 2 | 2.67 | 1.45 | 0.63 | 0.77 | 1.25 | 0.71 |
| Interest coverage | -2K | -495.7 | -617.8 | -63.1 | -511.5 | -224.6 | -323.8 | -355.7 | -176.5 | -678.3 | -360.7 |
| Effective tax rate | — | 0% | 0% | 0% | 0% | 0% | — | — | — | — | — |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 2.11 | 14.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (basic) | -440 | -257.5 | -78 | -60 | -48.8 | -21 | -24 | -18 | -4.44 | -54 | -54 |
| EPS (diluted) | -440 | -257.5 | -78 | -60 | -48.8 | -21 | -24 | -18 | -4.44 | -54 | -47.6 |
| Book value per share | 465.1 | 183.7 | 154.9 | 112.1 | 138.7 | 74.1 | 52.1 | 31 | 20.1 | 20.1 | 12 |
| FCF per share | -217.9 | -182.7 | -119.6 | -57.7 | -21.3 | -17.5 | -18.8 | -18 | -8.76 | -11.8 | -7.15 |
| Cash per share | 509.3 | 157.2 | 94.1 | 66 | 100.5 | 53.7 | 35.5 | 13.9 | 5.2 | 19.9 | 5.62 |
| Capex per share | 0.35 | 0.27 | 0.23 | 0.11 | 0.27 | 0.13 | 0.03 | 0 | 0 | — | — |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Capex / revenue | — | 13% | 1.6% | — | — | — | — | — | — | — | — |
| Capex / operating cash flow | -0.15% | -0.12% | -0.18% | -0.32% | -1.18% | -0.73% | -0.14% | -0.02% | 0% | — | — |
| Payout ratio | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Dividend yield | — | — | — | — | — | — | 0% | — | — | — | — |
| FY21 | — | -$21 | — | — | $0 | — |
| FY20 | — | -$48.8 | — | — | $0 | — |
| FY19 | — | -$60 | — | — | $0 | — |
| FY18 | — | -$78 | — | — | $1M | — |
| FY17 | — | -$257.5 | — | — | $100K | — |
| FY16 | — | -$440 | — | — | $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 | 14.7M | 7.4M | 6.7M | 6.4M | 57.8M | 47.2M | 32.1M | 15.4M | 8.5M | 9.6M |
| Receivables | — | — | 0 | 1.5M | 500K | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 14.9M | 8M | 8.5M | 8.3M | 59.3M | 48.5M | 33.3M | 15.8M | 8.9M | 9.9M |
| Property, plant & equipment | — | 28K | 37K | 244K | 968K | 896K | 682K | 470K | 124K | 124K |
| Goodwill & intangibles | 0 | 12.3M | 12.3M | 12.3M | 20.5M | 20.5M | 20.7M | 28M | 55.7M | 14.7M |
| Total assets | 14.9M | 14.2M | 14.7M | 14.7M | 83.8M | 70.2M | 54.6M | 44.3M | 37M | 17.6M |
| Accounts payable | 515K | 215K | 705K | 1.2M | 1.2M | 1.5M | 2.1M | 3.5M | 1.5M | 2.1M |
| Short-term debt | — | — | — | 195K | 207K | 199K | 194K | 188K | 183K | 244K |
| Total current liabilities | 1.3M | 4M | 3.3M | 3.5M | 3.1M | 4.3M | 7.1M | 7.2M | 4M | 7.8M |
| Long-term debt | — | — | 0 | 28K | 688K | 550K | 321K | 163K | 0 | — |
| Total liabilities | 1.5M | 5.5M | 3.7M | 3.9M | 4.1M | 5.1M | 7.5M | 10M | 4.1M | 7.9M |
| Shareholders' equity | 13.4M | 8.7M | 11M | 10.9M | 79.8M | 65.1M | 47.1M | 34.3M | 32.9M | 9.7M |
| Total debt | — | — | 0 | 223K | 895K | 749K | 515K | 351K | 183K | 244K |
| Net debt | — | — | -5.2M | -4.2M | -10.4M | -10.1M | -14.5M | -14.1M | -7.2M | -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 | 16.1M | 15.4M | 10.9M | 7.4M | 6.3M | 8.5M | 7.1M | 5.9M | 10.5M | 9.6M | 6.4M | 6.1M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 16.7M | 15.8M | 11.4M | 7.9M | 6.9M | 8.9M | 7.5M | 6.3M | 10.8M | 9.9M | 6.8M | 6.6M |
| Property, plant & equipment | 510K | 470K | 417K | 359K | 325K | 124K | 237K | 223K | 445K | 124K | 278K | 216K |
| Goodwill & intangibles | 28M | 28M | 28M | 27.8M | 27.8M | 55.7M | 27.8M | 27.8M | 27.8M | 14.7M | 14.7M | 7.4M |
| Total assets | 45.3M | 44.3M | 39.9M | 36.1M | 35.1M | 37M | 35.6M | 34.4M | 39.1M | 17.6M | 14.4M | 14.2M |
| Accounts payable | 2.6M | 3.5M | 3.5M | 3M | 1.9M | 1.5M | 868K | 669K | 605K | 2.1M | 843K | 487K |
| Short-term debt | 178K | 188K | 186K | 182K | 184K | 183K | 137K | 103K | 207K | 244K | 184K | 134K |
| Total current liabilities | 6.2M | 7.2M | 8.5M | 6.5M | 5.5M | 4M | 2.8M | 2.2M | 6.1M | 7.8M | 4.6M | 1.8M |
| Long-term debt | 192K | 163K | 121K | 79K | 38K | 0 | — | — | 49K | — | — | — |
| Total liabilities | 6.6M | 10M | 8.8M | 6.7M | 5.6M | 4.1M | 2.9M | 2.3M | 6.2M | 7.9M | 4.8M | 2M |
| Shareholders' equity | 38.7M | 34.3M | 31.1M | 29.4M | 29.5M | 32.9M | 32.7M | 32M | 32.8M | 9.7M | 9.7M | 12.2M |
| Total debt | 370K | 351K | 307K | 261K | 222K | 183K | 137K | 103K | 256K | 244K | 184K | 134K |
| Net debt | -14.7M | -14.1M | -9.7M | -6.3M | -5.2M | -7.2M | -5.6M | -4.6M | -9.3M | -8.5M | -5.4M | -5.1M |
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 | -12.1M | -12.9M | -5.6M | -5.4M | -28.7M | -17.8M | -21.8M | -20M | -7.3M | -26.5M |
| Depreciation & amortization | 2K | 4K | 7K | 178K | 235K | 231K | 201K | 197K | 186K | 203K |
| Stock-based compensation | 400K | 2.3M | 773K | 1.3M | 2.6M | 2.1M | 2.4M | 1.9M | 582K | 309K |
| Change in working capital | -88K | -896K | -1.9M | 2M | -2.9M | -206K | 1.4M | 1.4M | -2M | 603K |
| Operating cash flow | -6.6M | -10.6M | -8.9M | -3.5M | -13.2M | -15.8M | -18.6M | -18.8M | -12.2M | -5.7M |
| Capital expenditure | -10K | -13K | -16K | -11K | -156K | -115K | -26K | -3K | 0 | — |
| Investing cash flow | -7.9M | 7.1M | 2M | -600K | -49.7M | 13M | 19.8M | 13.1M | 189K | 449K |
| Dividends paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share repurchases | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 4.3M | 1.9M | 4M | 1.8M | 22.4M | 387K | 1.2M | 505K | 4.8M | 2.1M |
| Net change in cash | -10.3M | -1.6M | -3M | -2.3M | -40.5M | -2.4M | 2.4M | -5.2M | -7.2M | -3.1M |
| Free cash flow | -6.3M | -8.6M | -8.5M | -5.6M | -12.2M | -15.4M | -17M | -19.9M | -14.4M | -5.7M |
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 | -5.1M | -4.9M | -3.8M | -2.4M | -668K | -415K | -456K | -1.1M | -1.3M | -23.6M | -89K | 441K |
| Depreciation & amortization | 50K | 48K | 48K | 49K | 49K | 40K | 45K | 47K | 58K | 53K | 65K | 70K |
| Stock-based compensation | 449K | 181K | 266K | 218K | 132K | -34K | 93K | 59K | 200K | -43K | 93K | 67K |
| Change in working capital | 1.4M | 877K | -259K | -393K | -998K | -330K | -840K | -187K | 49K | 1.6M | -1.3M | -640K |
| Operating cash flow | -3.9M | -5.2M | -4.4M | -3.5M | -3M | -1.3M | -2.1M | -1.5M | -1.1M | -1.1M | -3.1M | -2.5M |
| Capital expenditure | 1K | 0 | 0 | 0 | 0 | 0 | — | — | — | — | — | — |
| Investing cash flow | 879K | -6K | 187K | 5K | -3K | 0 | 221K | 69K | 315K | -147K | -2K | -2K |
| Dividends paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 585K | -740K | 279K | 443K | 117K | 4M | 113K | 379K | 1.3M | 311K | -59K | 2.2M |
| Net change in cash | -2.4M | -5.9M | -3.9M | -3.1M | -2.8M | 2.6M | -1.8M | -1.1M | 561K | -903K | -3.2M | -271K |
| Free cash flow | -3.7M | -5M | -5.1M | -4M | -3.3M | -2M | -2M | -1.5M | -1.1M | -1.1M | -3.1M | -2.5M |