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 | -$12.4 | -$12.2 | +1.9% | — | $0 | — |
| Q1 26 | -$52 | $57.6 | +210.8% | — | $0 | — |
| Q3 25 | -$44.5 | -$50 | -12.4% | — | $0 | — |
| Q2 25 | -$46.5 | -$65 | -39.8% | — | $0 | — |
| Q1 25 | -$46 | -$68 | -47.8% | — | $0 | — |
| Q4 24 | -$20 | -$56 | -180.0% | — | $0 | — |
| Q3 24 | -$20 | -$26 | -30.0% | — | $0 | — |
| Q4 23 | -$0.28 | -$0.22 | +21.4% | — | $0 | — |
| Q4 22 | — | -$0.13 | — | — | $0 | — |
| Q3 22 | -$0.28 | -$0.22 | +21.4% | — | $0 | — |
| Q2 22 | -$0.48 | -$0.51 | -6.3% | — | $0 | — |
| Q1 22 | -$0.55 | -$0.72 | -30.9% | — | $0 | — |
| Q4 21 | -$0.65 | -$0.78 | -20.0% | — | $0 | — |
| Q3 21 | -$148.8 | -$146 | +1.9% | — | $0 | — |
| Q2 21 | -$0.76 | -$0.74 | +2.6% | — | $0 | — |
| Q1 21 | -$0.72 | -$0.78 | -8.3% | — | $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 | — | -$336 | — | — | $0 | — |
| FY24 | — | -$1.31 | — | — | $0 | — |
| FY23 | — | -$0.84 | — | — | $0 | — |
| FY22 | — | -$1.54 | — | — | $0 | — |
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 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| YoY change | — | 0% | 0% | 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 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — |
| Research & development | 9.1M | 10.1M | 30.2M | 61.3M | 60.8M | 25.2M | 9.4M | 18.6M | 35.4M |
| Selling, general & administrative | 1.3M | 2M | 9M | 17.6M | 29.5M | 26M | 17.7M | 17.6M | 15M |
| Operating expenses | 10.4M | 12.1M | 39.2M | 78.9M | 90.3M | 51.2M | 27.1M | 36.2M | 50.4M |
| Operating income | -10.4M | -12.1M | -39.2M | -78.9M | -90.3M | -51.2M | -27.1M | -36.2M | -50.4M |
| Operating margin | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | -222K | -206K | — | — | -247K | -1.8M | -7.9M | -23.5M | -31.6M |
| Pretax income | -12.2M | -12.5M | -37M | -76.8M | -89.9M | -51.9M | -31.6M | -56.7M | -80.8M |
| Income tax | — | — | — | — | 0 | -284K | -197K | 87K | 3.2M |
| Net income | -12.2M | -12.5M | -37M | -76.8M | -89.9M | -51.7M | -31.4M | -56.8M | -84M |
| Net margin | — | — | — | — | — | — | — | — | — |
| EBITDA | -10.3M | -11.3M | -39M | -78.6M | -90M | -50.2M | -19.3M | -14.9M | -20.3M |
| EPS | -0.57 | -0.58 | -1.94 | -2.63 | -3.03 | -1.54 | -0.84 | -1.31 | -336 |
| Diluted EPS | -0.57 | -0.58 | -1.94 | -2.63 | -3.03 | -1.54 | -0.84 | -1.31 | -336 |
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 | 1.4M | 3.4M | 3.7M | 4.1M | 4.9M | 5.8M | 8.1M | 6.6M | 8.1M | 12.6M | 6.8M | 5.5M |
| Selling, general & administrative | 4.7M | 4.9M | 5M | 4.7M | 3.6M | 4.3M | 4.8M | 3.3M | 3.3M | 3.6M | 4.3M | 16.6M |
| Operating expenses | 6.1M | 8.3M | 8.7M | 8.8M | 8.5M | 10.1M | 12.9M | 9.9M | 11.4M | 16.2M | 11.1M | 22.1M |
| Operating income | -6.1M | -8.3M | -8.7M | -8.8M | -8.5M | -10.1M | -12.9M | -9.9M | -11.4M | -16.2M | -11.1M | -22.1M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | -216K | -1.5M | -3.3M | -19.7M | 2.4M | -2.9M | -2.5M | -6.4M | -2.4M | -20.3M | 41.5M | -53.9M |
| Pretax income | -5.4M | -8.8M | -11.1M | -27.7M | -5.5M | -12.5M | -15M | -16M | -13.5M | -36.3M | 30.6M | -75.4M |
| Income tax | 0 | 51K | 31K | 36K | 13K | 7K | 47K | 67K | -46K | 3.1M | -5.3M | 75K |
| Net income | -5.4M | -8.9M | -11.1M | -27.7M | -5.5M | -12.5M | -15M | -16M | -13.4M | -39.5M | 35.9M | -75.5M |
| Net margin | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -6.1M | -6.5M | -6.1M | 10.6M | -11.1M | -8.2M | -11M | -4M | -9.5M | 4.2M | -38.7M | 32M |
| EPS | -0.15 | — | -0.26 | -0.64 | -0.13 | — | -3.4 | -68 | -50 | — | 57.6 | -12.3 |
| Diluted EPS | -0.15 | — | -0.26 | -0.64 | -0.13 | — | -3.4 | -68 | -50 | — | 57.6 | -12.3 |
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 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| Market cap | — | — | — | — | — | — | — | — | — | 29.5M |
| Enterprise value | — | — | — | — | — | — | — | — | — | 59.4M |
| Shares outstanding | 21.6M | 21.6M | 19.1M | 29.2M | 29.7M | 33.5M | 37.2M | 43.3M | 250.5K | 250.5K |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | — | — | -0.09 |
| P/B | — | — | — | — | — | — | — | — | — | -5.04 |
| EV/EBITDA | — | — | — | — | — | — | — | — | — | -0.98 |
| Earnings yield | — | — | — | — | — | — | — | — | — | -1.2K% |
| FCF yield | — | — | — | — | — | — | — | — | — | -87.3% |
| PEG | — | — | — | — | — | — | — | — | — | 0 |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | — | — | — | — | 0% |
| Net margin | — | — | — | — | — | — | — | — | — | 0% |
| ROE | 60.3% | 38.2% | -32% | -44.6% | -75.8% | -51.4% | -36.9% | -188.5% | 235.1% | -153.8% |
| ROA | -158.5% | -17.1% | -29.7% | -40.6% | -67.5% | -49.7% | -18.7% | -49.6% | -89.8% | -31.5% |
| ROIC | — | — | — | — | -697.7% | -471.1% | -113.9% | -866.8% | 144.1% | 40.2% |
| Return on tangible assets | -158.5% | -17.1% | -29.7% | -40.6% | -67.5% | -56.1% | -591.5% | 1K% | 199.4% | -74.6% |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 4.28 | 49.8 | 11.9 | 8.11 | 7.85 | 30.5 | 8.09 | 6.05 | 0.53 | 14.5 |
| Quick ratio | 4.28 | 49.8 | 11.9 | 8.11 | 7.85 | 30.5 | 8.09 | 6.05 | 0.53 | 14.5 |
| Debt / equity | -0.35 | — | 0 | 0 | 0.01 | 0 | 0.16 | 0.49 | -0.52 | 0 |
| Debt / assets | 0.93 | — | 0 | 0 | 0.01 | 0 | 0.08 | 0.13 | 0.2 | 0 |
| Net debt / EBITDA | 0.02 | — | 2.56 | 1.7 | 1.17 | 1.79 | 3.17 | 1.75 | -0.04 | 9.67 |
| Interest coverage | -6.45 | -12 | — | — | — | — | — | — | — | — |
| Effective tax rate | — | — | — | — | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (basic) | -0.57 | -0.58 | -1.94 | -2.63 | -3.03 | -1.54 | -0.84 | -1.31 | -336 | -336 |
| EPS (diluted) | -0.57 | -0.58 | -1.94 | -2.63 | -3.03 | -1.54 | -0.84 | -1.31 | -336 | -210.8 |
| Book value per share | -0.94 | -1.51 | 6.06 | 5.9 | 3.99 | 3 | 2.28 | 0.7 | -142.6 | -34.7 |
| FCF per share | -0.46 | -0.55 | -1.75 | -1.74 | -2.12 | -1.32 | -0.5 | -0.74 | -166.8 | -7.66 |
| Cash per share | 0.34 | 3.33 | 5.24 | 4.59 | 3.59 | 2.69 | 2.02 | 0.94 | 70.9 | 114 |
| Capex per share | 0 | 0.01 | 0 | 0 | 0.01 | 0 | 0 | 0.01 | — | — |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| Capex / operating cash flow | -0.75% | -1.91% | -0.17% | -0.09% | -0.31% | -0.33% | -0.65% | -0.56% | — | — |
| Payout ratio | — | — | — | — | — | — | — | — | — | 0% |
| FY21 |
| — |
| -$3.03 |
| — |
| — |
| $0 |
| — |
| FY20 | — | -$2.63 | — | — | $0 | — |
| FY19 | — | -$1.94 | — | — | $0 | — |
| FY18 | — | -$0.58 | — | — | $0 | — |
| FY17 | — | -$0.57 | — | — | $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 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 7.3M | 71.7M | 99.9M | 133.8M | 106.8M | 90.2M | 75.1M | 40.8M | 17.8M |
| Receivables | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — |
| Total current assets | 7.5M | 72.6M | 106.1M | 137.9M | 111.7M | 93.7M | 77.4M | 44M | 22.9M |
| Property, plant & equipment | 288K | 283K | 1.3M | 1.1M | 1.4M | 684K | 619K | 813K | 1M |
| Goodwill & intangibles | — | — | — | — | 0 | 11.8M | 162.6M | 120.1M | 135.6M |
| Total assets | 7.7M | 72.9M | 124.4M | 189.5M | 133.2M | 103.9M | 167.9M | 114.5M | 93.5M |
| Accounts payable | 517K | 495K | 3.1M | 3.6M | 4.9M | 570K | 2M | 2.9M | 2.2M |
| Short-term debt | — | — | — | 238K | 741K | 453K | 64K | 96K | 18.1M |
| Total current liabilities | 1.8M | 1.5M | 8.9M | 17M | 14.2M | 3.1M | 9.6M | 7.3M | 43.2M |
| Long-term debt | 7.2M | — | 0 | 208K | 420K | 0 | 13.8M | 14.7M | 330K |
| Total liabilities | 28M | 105.5M | 8.9M | 17.2M | 14.6M | 3.3M | 82.8M | 84.3M | 129.2M |
| Shareholders' equity | -20.3M | -32.6M | 115.5M | 172.3M | 118.6M | 100.6M | 85.1M | 30.1M | -35.7M |
| Total debt | 7.2M | — | 0 | 446K | 1.2M | 453K | 13.8M | 14.8M | 18.5M |
| Net debt | -172K | — | -51.2M | -66.4M | -68.6M | -44.1M | -6.9M | 8.6M | 12.7M |
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 | 83.2M | 75.1M | 67.8M | 59.4M | 47.8M | 40.8M | 31.6M | 34.7M | 26.3M | 17.8M | 18.2M | 116M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 85.2M | 77.4M | 70.4M | 63.4M | 51.7M | 44M | 33.8M | 37.3M | 29.2M | 22.9M | 25.6M | 123.4M |
| Property, plant & equipment | 53K | 619K | 810K | 246K | 767K | 813K | 941K | 1.1M | 1.1M | 1M | 965K | 506K |
| Goodwill & intangibles | 0 | 162.6M | 159M | 123.6M | 129.1M | 120.1M | 124.7M | 135.1M | 135.5M | 135.6M | 0 | 0 |
| Total assets | 85.4M | 167.9M | 159.3M | 134.8M | 126.5M | 114.5M | 107.1M | 117.2M | 109.9M | 93.5M | 26.6M | 124M |
| Accounts payable | 409K | 2M | 2.1M | 2.4M | 1.6M | 2.9M | 3M | 1.8M | 3.4M | 2.2M | 5.4M | 4.6M |
| Short-term debt | 61K | 64K | 93K | 94K | 101K | 96K | 102K | 112K | 17.6M | 18.1M | 113K | — |
| Total current liabilities | 2.3M | 9.6M | 9.8M | 10.3M | 5.4M | 7.3M | 8.4M | 7.5M | 26M | 43.2M | 8.8M | 8.5M |
| Long-term debt | — | 13.8M | 14M | 14.3M | 15.3M | 14.7M | 15.6M | 17.4M | 359K | 330K | 293K | 0 |
| Total liabilities | 2.3M | 82.8M | 85.1M | 87.9M | 81.6M | 84.3M | 88.5M | 105.5M | 108.8M | 129.2M | 11M | 159.3M |
| Shareholders' equity | 83.1M | 85.1M | 74.2M | 47M | 44.9M | 30.1M | 18.6M | 11.7M | 1.1M | -35.7M | 15.7M | -35.3M |
| Total debt | 61K | 13.8M | 14.1M | 14.4M | 15.4M | 14.8M | 15.8M | 17.5M | 18M | 18.5M | 406K | 0 |
| Net debt | -21.6M | -6.9M | -7.7M | 6.5M | 12.8M | 8.6M | 8M | 662K | 11.5M | 12.7M | -17.8M | -116M |
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 |
|---|---|---|---|---|---|---|---|---|---|
| Net income | -12.2M | -12.5M | -37M | -76.8M | -89.9M | -51.7M | -31.4M | -56.8M | -84M |
| Depreciation & amortization | 45K | 51K | 188K | 332K | 344K | 204K | 322K | 186K | 142K |
| Stock-based compensation | 38K | 155K | 2.1M | 14.5M | 29.9M | 16.6M | 5.2M | 4.7M | 5.1M |
| Change in working capital | 187K | 77K | 2.2M | 658K | 1.2M | -5.7M | -297K | 51K | 4.1M |
| Operating cash flow | -10.3M | -11.1M | -32.2M | -61M | -58.3M | -40.9M | -24.5M | -46.2M | -41.4M |
| Capital expenditure | -77K | -212K | -55K | -52K | -180K | -133K | -160K | -257K | — |
| Investing cash flow | -77K | -46.8M | -17.7M | -52.4M | 59M | 18M | -5.8M | 21.9M | 23.6M |
| Dividends paid | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 7.8M | 75.9M | 77.3M | 117.6M | 0 | 559K | -6K | -5M | 17.7M |
| Net change in cash | -2.6M | 18.1M | 27.3M | 4.1M | 604K | -22.3M | -30.2M | -29.2M | -157K |
| Free cash flow | -9.9M | -11.9M | -33.3M | -50.9M | -63.1M | -44.2M | -18.5M | -32.2M | -41.8M |
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 | -5.4M | -8.9M | -11.1M | -27.7M | -5.5M | -12.5M | -15M | -16M | -13.4M | -39.5M | 35.9M | -75.5M |
| Depreciation & amortization | 0 | 304K | 40K | 44K | 86K | 16K | 32K | 35K | 36K | 39K | 36K | 41K |
| Stock-based compensation | 1.3M | 1.1M | 1.3M | 1.2M | 1.1M | 1.1M | 1.4M | 1.3M | 1.3M | 1.2M | 1.3M | 12.1M |
| Change in working capital | 121K | -136K | 16K | 86K | -988K | 937K | 233K | -1.7M | 1.2M | 3.7M | 8.4M | -13K |
| Operating cash flow | -3.9M | -5.7M | -6.9M | -23.7M | -7.5M | -8M | -11.1M | -11.4M | -9.9M | -10.5M | -7.6M | -18.9M |
| Capital expenditure | 0 | -114K | -39K | -39K | -46K | -133K | -148K | — | — | — | — | — |
| Investing cash flow | 3.6M | 5.4M | 8.9M | -5M | 7.1M | 10.9M | 10.9M | 6.2M | -1.7M | 8.1M | 12M | 0 |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 0 | 0 | 0 | 0 | 0 | 0 | — | 14.3M | 1.4M | 2M | 9.4M | 109M |
| Net change in cash | -264K | -334K | 2M | -28.7M | -399K | 2.8M | -166K | 9.1M | -10.3M | -409K | 13.8M | 90.1M |
| Free cash flow | -4.8M | -6.1M | -8.4M | -8.8M | -7.3M | -7.7M | -9.7M | -11.5M | -10M | -10.5M | -7.6M | -18.9M |