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 | -$0.35 | -$0.4 | -14.3% | — | $0 | — |
| Q1 26 | -$0.35 | -$0.37 | -5.7% | — | $0 | — |
| Q4 25 | -$0.34 | -$0.29 | +14.7% | — | $11M | — |
| Q3 25 | -$0.34 | -$0.35 | -2.9% | — | $0 | — |
| Q2 25 | -$0.35 | -$0.3 | +14.3% | — | $2.8M | — |
| Q1 25 | -$0.3 | -$0.35 | -16.7% | — | $0 | — |
| Q4 24 | -$0.33 | -$0.26 | +21.2% | — | $0 | — |
| Q3 24 | -$0.31 | -$0.35 | -12.9% | — | $0 | — |
| Q2 24 | -$0.33 | -$0.29 | +12.1% | — | $0 | — |
| Q1 24 | -$0.24 | -$0.06 | +75.0% | — | $16.1M | — |
| Q4 23 | -$0.47 | -$0.33 | +29.8% | — | $0 | — |
| Q3 23 | -$0.51 | -$0.56 | -9.8% | — | $0 | — |
| Q2 23 | -$0.66 | -$0.41 | +37.9% | — | $0 | — |
| Q1 23 | -$0.89 | -$0.54 | +39.3% | — | $0 | — |
| Q4 22 | -$1.01 | -$1.04 | -3.0% | — | $0 | — |
| Q3 22 | -$0.89 | -$0.85 | +4.5% | — | $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 | — | -$1.28 | — | — | $13.9M | — |
| FY24 | — | -$1.32 | — | — | $16.1M | — |
| FY23 | — | -$1.85 | — | — | $0 | — |
| FY22 | — | -$3.65 | — | — | $0 | — |
| FY21 | — | -$8.95 |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $0 | $16.1M | $13.9M |
| YoY change | — | 0% | 0% | 0% | 0% | +InfinityT% | -14.2% |
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 |
|---|
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 16.1M | 13.9M |
| Cost of revenue | — | — | — | — | — | 475K | 2.4M |
| Gross profit | — | — | — | — | — | 15.7M | 11.5M |
| Gross margin | — | — | — | — | — | 97.1% | 82.8% |
| Research & development | 1.2M | 9M | 51.1M | 86.1M | 49.6M | 58.7M | 73.7M |
| Selling, general & administrative | 1.7M | 3.8M | 18.7M | 37.4M | 32.6M | 25.4M | 22.2M |
| Operating expenses | 2.9M | 12.9M | 69.7M | 123.5M | 82.2M | 84.2M | 95.9M |
| Operating income | -2.9M | -12.9M | -69.7M | -123.5M | -82.2M | -68.5M | -84.4M |
| Operating margin | — | — | — | — | — | -424.2% | -609.2% |
| Non-operating income, net | — | — | -6.3M | — | 1.8M | -18M | 2.6M |
| Pretax income | -2.8M | -12.8M | -76M | -120.7M | -73.8M | -79.5M | -78.2M |
| Income tax | — | — | — | — | — | -2.2M | 1.4M |
| Net income | -2.8M | -12.8M | -76M | -120.7M | -73.8M | -77.3M | -79.6M |
| Net margin | — | — | — | — | — | -478.9% | -574.5% |
| EBITDA | -2.9M | -12.4M | -62.8M | -122.8M | -80.3M | -44.5M | -79.9M |
| EPS | -0.13 | -0.58 | -8.95 | -3.65 | -1.85 | -1.32 | -1.28 |
| Diluted EPS | -0.13 | -0.58 | -8.95 | -3.65 | -1.85 | -1.32 | -1.28 |
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 | 16.1M | 0 | 0 | 0 | 0 | 2.8M | 0 | 11M | 0 | 0 |
| Cost of revenue | 0 | — | 475K | 0 | 0 | 0 | 0 | 0 | 0 | 2.4M | — | — |
| Gross profit | 0 | — | 15.7M | 0 | 0 | 0 | 0 | 2.8M | 0 | 8.7M | — | — |
| Gross margin | — | — | 97.1% | — | — | — | — | 100% | — | 78.4% | — | — |
| Research & development | 14.7M | 11.6M | 13M | 14M | 17.7M | 14M | 17M | 17.1M | 17.8M | 21.7M | 20M | 16.1M |
| Selling, general & administrative | 10.7M | 6.2M | 8.2M | 6.1M | 6M | 5.1M | 5.9M | 5.4M | 5.7M | 5.2M | 4.4M | 9.9M |
| Operating expenses | 25.4M | 17.8M | 21.3M | 20M | 23.8M | 19.1M | 22.9M | 22.6M | 23.5M | 26.9M | 24.4M | 26M |
| Operating income | -25.4M | -17.8M | -5.6M | -20M | -23.8M | -19.1M | -22.9M | -19.8M | -23.5M | -18.3M | -24.4M | -26M |
| Operating margin | — | — | -34.7% | — | — | — | — | -700.4% | — | -165.7% | — | — |
| Non-operating income, net | 598K | 576K | 799K | 708K | 705K | -20.3M | 515K | 684K | 684K | 692K | 631K | 389K |
| Pretax income | -23M | -15.6M | -3.3M | -17.3M | -21.2M | -37.7M | -21.2M | -18.1M | -22M | -17M | -23.3M | -25.3M |
| Income tax | — | — | — | — | — | — | — | 283K | 0 | 1.1M | — | 0 |
| Net income | -23M | -15.6M | -3.3M | -17.3M | -21.2M | -35.6M | -21.2M | -18.4M | -22M | -18.1M | -23.3M | -25.3M |
| Net margin | — | — | -20.2% | — | — | — | — | -650.9% | — | -164% | — | — |
| EBITDA | -24.8M | -17.1M | -4.5M | -19.4M | -23M | -18.6M | -22.4M | -19.2M | -22.9M | -15.4M | -23.9M | -25.7M |
| EPS | -0.56 | — | -0.06 | -0.29 | -0.35 | — | -0.35 | -0.3 | -0.35 | — | -0.37 | -0.4 |
| Diluted EPS | -0.56 | — | -0.06 | -0.29 | -0.35 | — | -0.35 | -0.3 | -0.35 | — | -0.37 | -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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Market cap | — | — | — | — | — | — | 71.5M | 241.9M |
| Enterprise value | — | — | — | — | — | — | 23.3M | 223.4M |
| Shares outstanding | 22M | 22.1M | 8.5M | 33M | 39.9M | 58.4M | 62.1M | 62.1M |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | -2.25 |
| P/S | — | — | — | — | — | — | 5.16 | 21.6 |
| P/B | — | — | — | — | — | — | 1.34 | 15.9 |
| EV/EBITDA | — | — | — | — | — | — | -0.29 | -2.61 |
| EV/Sales | — | — | — | — | — | — | 1.68 | 20.2 |
| Earnings yield | — | — | — | — | — | — | — | -44.4% |
| FCF yield | — | — | — | — | — | — | -88.9% | -9.59% |
| PEG | — | — | — | — | — | — | — | -0.07 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Gross margin | — | — | — | — | — | 97.1% | 82.8% | 82.8% |
| Operating margin | — | — | — | — | — | -424.2% | -609.2% | -812.7% |
| Net margin | — | — | — | — | — | -478.9% | -574.5% | 82.8% |
| ROE | 96.5% | 82% | -29.1% | -75.1% | -58.7% | -64% | -149.1% | -179.1% |
| ROA | -14% | -126.4% | -27.1% | -57.1% | -42.5% | -49.2% | -87% | -63% |
| ROIC | — | — | — | — | — | -488.6% | -1.6K% | -1.6K% |
| Return on tangible assets | -14% | -126.4% | -27.1% | -57.1% | -59% | -50.9% | -87% | -161.6% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Current ratio | 26.9 | 2.2 | 14.9 | 5.9 | 4.84 | 7.49 | 3.41 | 1.34 |
| Quick ratio | 26.9 | 2.2 | 14.9 | 5.9 | 4.84 | 7.49 | 3.41 | 1.34 |
| Debt / equity | -0.01 | -0.05 | 0 | 0.12 | 0.17 | 0.17 | 0.35 | 1.56 |
| Debt / assets | 0 | 0.08 | 0 | 0.09 | 0.12 | 0.13 | 0.2 | 0.32 |
| Net debt / EBITDA | 6.83 | 0.59 | 4.37 | 1.31 | 1.22 | 2.4 | 0.6 | 0.17 |
| Effective tax rate | — | — | — | — | — | 0% | 0% | 0% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 0 | 0 | 0 | 0.28 | 0.22 | 0.17 |
| EPS (basic) | -0.13 | -0.58 | -8.95 | -3.65 | -1.85 | -1.32 | -1.28 | -1.28 |
| EPS (diluted) | -0.13 | -0.58 | -8.95 | -3.65 | -1.85 | -1.32 | -1.28 | -1.4 |
| Book value per share | -0.13 | -0.71 | 30.8 | 4.87 | 3.15 | 2.07 | 0.86 | 0.18 |
| FCF per share | -0.1 | -0.52 | -4.22 | -2.9 | -1.94 | -0.99 | -1.02 | -1.06 |
| Cash per share | 0.9 | 0.37 | 32.3 | 5.43 | 2.99 | 2.17 | 1.08 | 0.4 |
| Capex per share | 0 | 0.07 | 0.06 | 0.19 | 0.17 | 0 | — | — |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Capex / revenue | — | — | — | — | — | 1.47% | — | — |
| Capex / operating cash flow | 0% | -12.6% | -1.22% | -6.54% | -12.4% | -0.34% | — | — |
| Payout ratio | — | — | — | — | — | — | — | 0% |
| — |
| — |
| $0 |
| — |
| FY20 | — | -$0.58 | — | — | $0 | — |
| FY19 | — | -$0.13 | — | — | $0 | — |
| Q2 24 |
|---|
| Q3 24 |
|---|
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $0 | $0 | $16.1M | $0 | $0 | $0 | $0 | $2.8M | $0 | $11M | $0 | $0 |
| YoY change | 0% | 0% | +InfinityT% | 0% | 0% | 0% | -100% | +InfinityT% | 0% | +InfinityT% | 0% | -100% |
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 | 19.7M | 8.1M | 274.7M | 179.3M | 119.3M | 126.9M | 66.9M |
| Receivables | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — |
| Total current assets | 19.7M | 8.1M | 278.7M | 186.6M | 124.6M | 132.4M | 72.1M |
| Property, plant & equipment | 76K | 1.9M | 1.2M | 24.8M | 24.8M | 22.1M | 19.4M |
| Goodwill & intangibles | — | — | — | 0 | 48.6M | 5.2M | 0 |
| Total assets | 19.8M | 10.2M | 280M | 211.4M | 173.7M | 157.2M | 91.5M |
| Accounts payable | 491K | 1.1M | 12M | 7.1M | 3.9M | 4.9M | 10.9M |
| Short-term debt | 9K | 615K | 165K | — | 1.2M | 1.4M | 1.7M |
| Total current liabilities | 733K | 3.7M | 18.7M | 31.6M | 25.8M | 17.7M | 21.1M |
| Long-term debt | 6K | 165K | 0 | 18.9M | 20.1M | 18.8M | 17M |
| Total liabilities | 22.7M | 25.8M | 18.7M | 50.6M | 48M | 36.4M | 38.1M |
| Shareholders' equity | -2.9M | -15.6M | 261.3M | 160.8M | 125.7M | 120.8M | 53.4M |
| Total debt | 15K | 780K | 165K | 18.9M | 21.3M | 20.2M | 18.7M |
| Net debt | -19.7M | -7.3M | -274.6M | -160.4M | 11.7M | 727K | 3.3M |
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 | 133M | 119.3M | 157M | 155.7M | 144.8M | 126.9M | 105.4M | 88.9M | 76.3M | 66.9M | 41M | 33M |
| Receivables | — | — | 8M | — | — | — | — | 3M | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 139.1M | 124.6M | 172.4M | 161M | 148.9M | 132.4M | 111.9M | 100M | 83.1M | 72.1M | 45.6M | 36.7M |
| Property, plant & equipment | 25.3M | 24.8M | 24.1M | 23.7M | 22.8M | 22.1M | 21.5M | 20.8M | 20.1M | 19.4M | 18.7M | 18.2M |
| Goodwill & intangibles | 22.3M | 48.6M | 23.7M | 23.7M | 23.6M | 5.2M | 2.5M | 2.5M | 2.4M | 0 | — | — |
| Total assets | 186.7M | 173.7M | 220.2M | 208.4M | 195.3M | 157.2M | 135.9M | 123.2M | 105.6M | 91.5M | 64.3M | 54.9M |
| Accounts payable | 3.3M | 3.9M | 2.3M | 5.5M | 4.9M | 4.9M | 2.8M | 9.4M | 9.8M | 10.9M | 5M | 3.3M |
| Short-term debt | 1.2M | 1.2M | 1M | 1.3M | 1.4M | 1.4M | 1.5M | 1.6M | 1.6M | 1.7M | 1.8M | 1.8M |
| Total current liabilities | 28.3M | 25.8M | 14.1M | 16.9M | 20.3M | 17.7M | 14.4M | 17.7M | 19.4M | 21.1M | 16.5M | 27.5M |
| Long-term debt | 20.4M | 20.1M | 19.8M | 19.5M | 19.1M | 18.8M | 18.3M | 17.9M | 17.4M | 17M | 16.5M | 16M |
| Total liabilities | 48.7M | 48M | 36.1M | 38.6M | 41.6M | 36.4M | 32.8M | 35.6M | 36.8M | 38.1M | 33M | 43.5M |
| Shareholders' equity | 137.9M | 125.7M | 184.2M | 169.8M | 153.7M | 120.8M | 103.1M | 87.6M | 68.8M | 53.4M | 31.3M | 11.4M |
| Total debt | 21.6M | 21.3M | 20.8M | 20.9M | 20.5M | 20.2M | 19.8M | 19.5M | 19.1M | 18.7M | 18.3M | 17.8M |
| Net debt | 6.9M | 11.7M | -7.2M | -4.2M | 8.5M | 727K | 7.1M | 8.7M | 10.2M | 3.3M | 12.5M | -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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Net income | -2.8M | -12.8M | -76M | -120.7M | -73.8M | -77.3M | -79.6M |
| Depreciation & amortization | 0 | 469K | 647K | 709K | 1.9M | 3M | 4.5M |
| Stock-based compensation | 28K | 44K | 6.4M | 15.8M | 16.9M | 12.9M | 11.8M |
| Change in working capital | 292K | 137K | 4M | -4.1M | -99K | -9.9M | 4.5M |
| Operating cash flow | -2.5M | -11.8M | -44.3M | -97.9M | -54.4M | -70.7M | -63.5M |
| Capital expenditure | 0 | -1.5M | -540K | -6.4M | -6.7M | -237K | — |
| Investing cash flow | 0 | -1.5M | -590K | -6.4M | -104.8M | 8.2M | 58.9M |
| Dividends paid | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — |
| Financing cash flow | 22M | 3K | 303.9M | 0 | 5.7M | 58.8M | -146K |
| Net change in cash | 19.5M | -13.3M | 259M | -104.3M | -153.5M | -3.7M | -4.8M |
| Free cash flow | -2.2M | -11.6M | -35.9M | -95.7M | -77.4M | -57.9M | -63.5M |
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 | 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 | -23M | -15.6M | -3.3M | -17.3M | -21.2M | -35.6M | -21.2M | -18.4M | -22M | -18.1M | -23.3M | -25.3M |
| Depreciation & amortization | 523K | 690K | 1.1M | 585K | 731K | 550K | 552K | 535K | 527K | 2.9M | 459K | 301K |
| Stock-based compensation | 5.2M | 3.2M | 4.3M | 2.9M | 3M | 2.8M | 3.6M | 3M | 3.1M | 2.1M | 1.2M | 5.5M |
| Change in working capital | -1.2M | 534K | -17.6M | 3.1M | -933K | -2.5M | -2.4M | 3.2M | -83K | 806K | -6.3M | -2.1M |
| Operating cash flow | -18.4M | -11M | -15.2M | -10.6M | -18.2M | -34.6M | -19.1M | -17.3M | -13.3M | -10.4M | -26M | -18.2M |
| Capital expenditure | -61K | 0 | -237K | 0 | 0 | 0 | 0 | — | — | — | — | — |
| Investing cash flow | -88K | 10.2M | -18.5M | 4K | -8K | 26.7M | 15.8M | 15.3M | 11.5M | 16.3M | 16.4M | 21.3M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 0 | -52K | 57.3M | -43K | 1.5M | 0 | 0 | -67K | -8K | -69K | -25K | 9.9M |
| Net change in cash | -18.5M | -795K | 23.5M | -10.6M | -16.8M | -7.9M | -3.3M | -2M | -1.8M | 5.8M | -9.7M | 13M |
| Free cash flow | -17.6M | -15.3M | -20.9M | -3M | -14.7M | -19.3M | -22.5M | -17.3M | -13.3M | -10.4M | -26M | -18.2M |