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 | -$0.1 | -$0.1 | 0.0% | — | $344K | — |
| Q1 26 | -$0.1 | -$0.09 | +10.0% | — | $258K | — |
| Q4 25 | -$0.13 | -$0.08 | +38.5% | — | $451K | — |
| Q3 25 | -$0.12 | -$0.09 | +25.0% | — | $552K | — |
| Q2 25 | -$0.13 | -$0.11 | +15.4% | — | — | — |
| Q1 25 | -$0.14 | -$0.11 | +21.4% | — | — | — |
| Q4 24 | -$0.19 | -$0.16 | +15.8% | — | — | — |
| Q3 24 | -$0.18 | -$0.16 | +11.1% | — | — | — |
| Q2 24 | -$0.16 | -$0.15 | +6.3% | — | — | — |
| Q1 24 | -$0.17 | -$0.12 | +29.4% | — | — | — |
| Q4 23 | -$0.17 | -$0.17 | 0.0% | — | $400K | — |
| Q3 23 | -$0.19 | -$0.17 | +10.5% | — | — | — |
| Q2 23 | -$0.17 | -$0.15 | +11.8% | — | $205K | — |
| Q1 23 | -$0.19 | -$0.17 | +10.5% | — | $254K | — |
| Q4 22 | -$0.2 | -$0.24 | -20.0% | — | $0 | — |
| Q3 22 | -$0.25 | -$0.23 | +8.0% | — | $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 | — | -$0.51 | — | — | $2.4M | — |
| FY24 | — | -$0.71 | — | — | $3.1M | — |
| FY23 | — | -$0.68 | — | — | $1.1M | — |
| FY22 | — | -$0.95 | — | — | $0 | — |
| FY21 | — | -$1.19 |
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 | $1.1M | $3.1M | $2.4M |
| YoY change | — | 0% | 0% | 0% | +InfinityT% | +182.6% | -20.3% |
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 | 1.1M | 3.1M | 2.4M |
| Cost of revenue | — | — | 0 | 0 | 594K | 1.5M | 1.3M |
| Gross profit | — | — | 0 | 0 | 488K | 1.6M | 1.2M |
| Gross margin | — | — | — | — | 45.1% | 52.3% | 47.3% |
| Research & development | 28.1M | 27.6M | 46.6M | 72.1M | 67M | 59.6M | 53.8M |
| Selling, general & administrative | 8.5M | 9.1M | 50.3M | 42.3M | 44.6M | 50.5M | 44.8M |
| Operating expenses | 36.6M | 36.7M | 96.9M | 114.4M | 111.7M | 110.2M | 98.5M |
| Operating income | -36.6M | -36.7M | -96.9M | -114.4M | -111.2M | -108.6M | -97.4M |
| Operating margin | — | — | — | — | -10.3K% | -3.6K% | -4K% |
| Non-operating income, net | 828K | 87K | 1.9M | -18.1M | 15.2M | 7.6M | -12.9M |
| Pretax income | -35.8M | -36.6M | -95M | -132.4M | -96M | -101M | -101.3M |
| Income tax | 0 | 0 | 0 | 0 | 0 | 56K | 58K |
| Net income | -35.8M | -36.6M | -95M | -132.4M | -96M | -101M | -101.3M |
| Net margin | — | — | — | — | -8.9K% | -3.3K% | -4.2K% |
| EBITDA | -35.8M | -35.8M | -95.8M | -111.3M | -106.6M | -111.6M | -79.1M |
| EPS | -0.26 | -0.27 | -1.19 | -0.95 | -0.68 | -0.71 | -0.51 |
| Diluted EPS | -0.26 | -0.27 | -1.19 | -0.95 | -0.68 | -0.71 | -0.51 |
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 | — | 400K | — | — | — | — | — | — | 552K | 451K | 258K | 344K |
| Cost of revenue | — | 222K | — | — | — | — | — | — | 358K | 329K | 184K | 172K |
| Gross profit | — | 178K | — | — | — | — | — | — | 194K | 122K | 74K | 172K |
| Gross margin | — | 44.5% | — | — | — | — | — | — | 35.1% | 27.1% | 28.7% | 50% |
| Research & development | — | 16.4M | — | — | — | — | — | — | 13.9M | 10.9M | 14.5M | 15.8M |
| Selling, general & administrative | — | 11.6M | — | — | — | — | — | — | 10.7M | 10.3M | 9.6M | 10M |
| Operating expenses | — | 28.1M | — | — | — | — | — | — | 24.6M | 21.2M | 24.1M | 25.8M |
| Operating income | — | -27.9M | — | — | — | — | — | — | -24.4M | -21.1M | -24.1M | -25.6M |
| Operating margin | — | -7K% | — | — | — | — | — | — | -4.4K% | -4.7K% | -9.3K% | -7.5K% |
| Non-operating income, net | — | 5.8M | — | — | — | — | — | — | -11.3M | -5.5M | 516K | 551K |
| Pretax income | — | -22M | — | — | — | — | — | — | -35.7M | -17.6M | -21.8M | -23.5M |
| Income tax | — | 0 | — | — | — | — | — | — | 19K | 8K | -122K | 0 |
| Net income | — | -22M | — | — | — | — | — | — | -35.7M | -17.6M | -21.7M | -23.5M |
| Net margin | — | -5.5K% | — | — | — | — | — | — | -6.5K% | -3.9K% | -8.4K% | -6.8K% |
| EBITDA | — | -17.4M | — | — | — | — | — | — | -11.9M | -13.5M | -23.3M | -25M |
| EPS | -0.17 | — | -0.14 | -0.16 | -0.18 | -0.23 | -0.11 | -0.16 | -0.17 | -0.08 | -0.1 | -0.11 |
| Diluted EPS | -0.17 | — | -0.14 | -0.16 | -0.18 | -0.23 | -0.11 | -0.16 | -0.17 | -0.08 | -0.1 | -0.11 |
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 | — | 1.4B | — | — | 284M | 386.6M | — | 174M |
| Enterprise value | — | 1.3B | — | — | 41.6M | 190M | — | 74.1M |
| Shares outstanding | 136.4M | 136.4M | 79.6M | 139.3M | 141.3M | 143.2M | 197.8M | 197.8M |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | -1.58 |
| P/S | — | — | — | — | 262.5 | 126.4 | — | 108.4 |
| P/B | — | 38.4 | — | — | 1.05 | 1.79 | — | 0.97 |
| EV/EBITDA | — | -37.7 | — | — | -0.39 | -1.7 | — | -0.85 |
| EV/Sales | — | — | — | — | 38.4 | 62.1 | — | 46.2 |
| Earnings yield | — | — | — | — | — | — | — | -63.5% |
| FCF yield | — | -2.39% | — | — | -35% | -23.9% | — | -28.8% |
| PEG | — | — | — | — | — | — | — | 0.05 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Gross margin | — | — | — | — | 45.1% | 52.3% | 47.3% | 50% |
| Operating margin | — | — | — | — | -10.3K% | -3.6K% | -4K% | -7.5K% |
| Net margin | — | — | — | — | -8.9K% | -3.3K% | -4.2K% | 47.3% |
| ROE | — | -101.5% | -19.9% | -36.9% | -35.3% | -46.9% | -46% | -49.1% |
| ROA | — | -90.2% | -18.9% | -33.8% | -32.2% | -40.7% | -41.3% | -25.7% |
| ROIC | — | -4K% | -701.8% | -460.3% | -380.9% | -578.6% | -158.4% | -132.7% |
| Return on tangible assets | — | -90.2% | -19.6% | -33.8% | -32.3% | -40.7% | -41.3% | -50.9% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Current ratio | — | 13.7 | 41.4 | 22.8 | 22.9 | 12 | 7.64 | 9.97 |
| Quick ratio | — | 13.7 | 41.4 | 22.8 | 22.6 | 11.8 | 7.5 | 9.8 |
| Debt / equity | — | 0.05 | 0.02 | 0.05 | 0.06 | 0.06 | 0.02 | 0.02 |
| Debt / assets | — | 0.04 | 0.02 | 0.04 | 0.05 | 0.05 | 0.02 | 0.02 |
| Net debt / EBITDA | — | 0.98 | 4.83 | 3 | 2.27 | 1.76 | 2.01 | 1.47 |
| Interest coverage | — | -4.1K | -19K | — | — | — | — | — |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 0 | 0 | 0.01 | 0.02 | 0.01 | 0.01 |
| EPS (basic) | -0.26 | -0.27 | -1.19 | -0.95 | -0.68 | -0.71 | -0.51 | -0.51 |
| EPS (diluted) | -0.26 | -0.27 | -1.19 | -0.95 | -0.68 | -0.71 | -0.51 | -0.46 |
| Book value per share | — | 0.26 | 5.99 | 2.58 | 1.92 | 1.5 | 1.11 | 0.82 |
| FCF per share | -0.23 | -0.24 | -0.91 | -0.73 | -0.7 | -0.65 | -0.49 | -0.43 |
| Cash per share | — | 0.27 | 5.92 | 2.52 | 1.82 | 1.46 | 0.82 | 0.51 |
| Capex per share | 0.01 | 0 | 0.07 | 0.08 | 0.03 | 0.03 | 0 | 0 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Capex / revenue | — | — | — | — | 416.8% | 149.9% | 0% | 0% |
| Capex / operating cash flow | -3.81% | -1.4% | -8.58% | -9.14% | -5.06% | -5.4% | 0% | 0% |
| Payout ratio | — | — | — | — | — | — | — | 0% |
| — |
| — |
| $0 |
| — |
| FY20 | — | -$0.27 | — | — | $0 | — |
| FY19 | — | -$0.26 | — | — | $0 | — |
| Q2 24 |
|---|
| Q3 24 |
|---|
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | — | $400K | — | — | — | — | — | — | $552K | $451K | $258K | $344K |
| YoY change | — | +InfinityT% | — | — | — | — | — | — | — | — | — | — |
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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Cash & short-term investments | 36.9M | 471.3M | 351.3M | 257.7M | 209.6M | 162.9M |
| Receivables | — | — | 0 | 368K | 1.3M | 561K |
| Inventory | — | — | 0 | 3.9M | 4.1M | 3.2M |
| Total current assets | 37.9M | 477.2M | 358.2M | 266.3M | 218M | 175.9M |
| Property, plant & equipment | 2M | 15.9M | 32.6M | 30.7M | 29.1M | 16.7M |
| Goodwill & intangibles | 0 | 19M | 0 | 1.1M | 0 | — |
| Total assets | 40.6M | 503.2M | 391.5M | 298.3M | 247.9M | 245.6M |
| Accounts payable | 1.3M | 3.4M | 3.9M | 1.8M | 1.9M | 1.6M |
| Short-term debt | — | 859K | 1.4M | 1.6M | 3.7M | 1.8M |
| Total current liabilities | 2.8M | 11.5M | 15.7M | 11.6M | 18.2M | 23M |
| Long-term debt | 1.7M | 7.2M | 16.1M | 13.7M | 9.3M | 2.3M |
| Total liabilities | 4.5M | 26.2M | 32.8M | 26.6M | 32.5M | 25.4M |
| Shareholders' equity | 36.1M | 477M | 358.7M | 271.6M | 215.4M | 220.2M |
| Total debt | 1.7M | 8.1M | 17.4M | 15.3M | 12.9M | 4.2M |
| Net debt | -35.2M | -27.7M | -66.9M | -118.6M | -36.3M | -17.5M |
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 | 274.6M | 257.7M | 235.4M | 218.1M | 196.3M | 209.6M | 232.6M | 214.2M | 225.8M | 162.9M | 127.3M | 111.7M |
| Receivables | 466K | 368K | 242K | 598K | 1M | 1.3M | 1M | 917K | 755K | 561K | 203K | 57K |
| Inventory | 2.3M | 3.9M | 4.9M | 4.9M | 4.1M | 4.1M | 4.4M | 3.9M | 3.5M | 3.2M | 2.2M | 2M |
| Total current assets | 284.8M | 266.3M | 244.4M | 226.5M | 205.8M | 218M | 241.8M | 226.5M | 238M | 175.9M | 135M | 119.1M |
| Property, plant & equipment | 32M | 30.7M | 30M | 29.5M | 29.9M | 29.1M | 28.6M | 27.1M | 17.2M | 16.7M | 15.1M | 13.6M |
| Goodwill & intangibles | 1.3M | 1.1M | 992K | 248K | 0 | 0 | — | — | — | — | — | — |
| Total assets | 318.1M | 298.3M | 275.6M | 256.7M | 236.5M | 247.9M | 271.2M | 254.4M | 260.1M | 245.6M | 213.3M | 193.6M |
| Accounts payable | 2.1M | 1.8M | 1.2M | 1.4M | 2.2M | 1.9M | 1.9M | 2.2M | 1.3M | 1.6M | 1.8M | 1.6M |
| Short-term debt | 1.5M | 1.6M | 1.6M | 1.7M | 3.6M | 3.7M | 1.9M | 1.8M | 1.8M | 1.8M | 1.8M | 1.8M |
| Total current liabilities | 11M | 11.6M | 8M | 11M | 15.3M | 18.2M | 12.6M | 24M | 22.1M | 23M | 10.7M | 11.9M |
| Long-term debt | 13.9M | 13.7M | 12.9M | 12M | 10.2M | 9.3M | 10.1M | 9.4M | 2.8M | 2.3M | 1.9M | 1.4M |
| Total liabilities | 26M | 26.6M | 21.8M | 23.5M | 25.9M | 32.5M | 24.3M | 33.4M | 25M | 25.4M | 12.6M | 13.4M |
| Shareholders' equity | 292.1M | 271.6M | 253.8M | 233.3M | 210.5M | 215.4M | 246.9M | 221M | 235.2M | 220.2M | 200.7M | 180.2M |
| Total debt | 15.5M | 15.3M | 14.5M | 13.6M | 13.8M | 12.9M | 12.1M | 11.1M | 4.6M | 4.2M | 3.7M | 3.3M |
| Net debt | -78.4M | -118.6M | -38.7M | -45.9M | -28.4M | -36.3M | -25.2M | -11M | -26.3M | -17.5M | -32.5M | -20.4M |
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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Net income | -35.8M | -36.6M | -95M | -132.4M | -96M | -101M | -101.3M |
| Depreciation & amortization | 780K | 894K | 1M | 2.6M | 4.2M | 4.6M | 4.5M |
| Stock-based compensation | 2.7M | 1.9M | 24.9M | 11.2M | 8.5M | 8.9M | 10.8M |
| Change in working capital | -311K | 792K | 1.4M | 49K | -6.9M | 136K | -9.5M |
| Operating cash flow | -32.6M | -33M | -67.1M | -117.5M | -89.2M | -84.9M | -94.7M |
| Capital expenditure | -1.2M | -461K | -5.8M | -10.7M | -4.5M | -4.6M | 0 |
| Investing cash flow | -1.2M | -461K | -450.9M | 137.2M | 144.2M | -32.6M | -25.8M |
| Dividends paid | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — |
| Financing cash flow | 18.1M | 37M | 511M | -848K | -208K | 34.8M | 93.5M |
| Net change in cash | -15.7M | 3.5M | -7.1M | 18.8M | 54.8M | -82.8M | -27M |
| Free cash flow | -31.9M | -33M | -72.6M | -101.3M | -99.3M | -92.4M | -97.2M |
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 | 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 | -24.7M | -22M | -19.5M | -23.1M | -25.3M | -33.1M | -19.2M | -28.8M | -35.7M | -17.6M | -21.7M | -23.5M |
| Depreciation & amortization | 1.2M | 1.1M | 1.1M | 1.4M | 1.2M | 994K | 917K | 1.2M | 1.2M | 1.2M | 1.2M | 1.2M |
| Stock-based compensation | 1.1M | 1.6M | 1.6M | 2.4M | 2.4M | 2.4M | 2.4M | 2.9M | 2.8M | 2.7M | 2.6M | 3M |
| Change in working capital | -277K | -1.3M | -1.5M | -1.6M | -967K | 4.8M | -1.7M | -5M | -1.5M | -1.3M | 4.6M | -410K |
| Operating cash flow | -22.2M | -20.8M | -17.7M | -20.3M | -22.1M | -24.3M | -17M | -20.2M | -32M | -16.3M | -25.6M | -18.4M |
| Capital expenditure | -1.3M | 367K | -1M | -1.1M | -975K | -1.4M | -1.3M | 0 | 0 | 0 | — | — |
| Investing cash flow | 27.2M | 61.1M | -57.4M | 24.8M | 5.9M | -5.9M | -34.2M | 5.4M | -5.3M | 7M | 40.5M | 8.6M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | — | -61K | -56K | 0 | 0 | 70K | 46.8M | 0 | 46.7M | 3K | 0 | 0 |
| Net change in cash | 5M | 40.3M | -75.1M | 4.5M | -16.2M | -30.1M | -4.4M | -14.8M | 9.4M | -9.3M | 14.9M | -9.8M |
| Free cash flow | -22.8M | -20.6M | -24.3M | -19.7M | -24.1M | -24.3M | -27.5M | -20.5M | -32.9M | -16.3M | -25.9M | -18.5M |