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 | — | — | — | — | $1.3M | — |
| FY24 | — | -$7.01 | — | — | $183K | — |
| FY23 | — | -$11.3 | — | — | $1.6M | — |
| FY22 | — | -$11 | — | — | $0 | — |
| FY21 | — | -$64.2 | — | — | $6K | — |
| FY20 | — | -$8.83 | — | — | $388K | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Revenue | $388K | $6K | $0 | $1.6M | $183K | $1.3M |
| YoY change | — | -98.5% | -100% | +InfinityT% | -88.6% | +608.7% |
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 | Q2 24 | Q3 24 | Q4 24 |
|---|---|---|---|---|---|---|
| Revenue | $210K |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Revenue | 388K | 6K | 0 | 1.6M | 183K | 1.3M |
| Cost of revenue | 647K | 995K | 547K | 3.3M | 3.7M | 17.6M |
| Gross profit | -259K | -989K | -547K | -1.7M | -3.5M | -16.3M |
| Gross margin | -66.8% | -16.5K% | — | -103.4% | -1.9K% | -1.3K% |
| Research & development | 29.6M | 252.4M | 78.2M | 82.7M | 49.5M | 45.4M |
| Selling, general & administrative | 38.3M | 262.1M | 49.2M | 35.6M | 26.2M | 20M |
| Operating expenses | 67.8M | 514.5M | 127.4M | 118.2M | 75.6M | 65.4M |
| Operating income | -68.1M | -515.5M | -128M | -119.9M | -79.1M | -81.7M |
| Operating margin | -17.6K% | -8.6M% | — | -7.5K% | -43.2K% | -6.3K% |
| Non-operating income, net | -27K | 10.9M | 19.5M | 87K | -31.8M | 24.4M |
| Pretax income | -67.7M | -504M | -105.7M | -115.6M | -109.7M | -57.8M |
| Income tax | 0 | 1.3M | 1.7M | -1.4M | 2.1M | -2M |
| Net income | -67.7M | -505.3M | -107.4M | -114.2M | -111.8M | -55.8M |
| Net margin | -17.5K% | -8.4M% | — | -7.1K% | -61.1K% | -4.3K% |
| EBITDA | -67.9M | -525.9M | -123.5M | -113.3M | -73.8M | -102.8M |
| EPS | -8.83 | -64.2 | -11 | -11.3 | -7.01 | — |
| Diluted EPS | -8.83 | -64.2 | -11 | -11.3 | -7.01 | — |
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 |
|---|---|---|---|---|---|---|
| Revenue | 210K | 455K | 160K | 0 | 11K | 12K |
| Cost of revenue | 1.4M | 913K | 804K | 651K | 354K | 1.9M |
| Gross profit | -1.2M | -458K | -644K | -651K | -343K | -1.9M |
| Gross margin | -573.3% | -100.7% | -402.5% | — | -3.1K% | -15.5K% |
| Research & development | 15.9M | 28.6M | 15.4M | 8.1M | 12.4M | 13.7M |
| Selling, general & administrative | 8.5M | 8.1M | 7.2M | 6.9M | 5.8M | 6.3M |
| Operating expenses | 24.4M | 36.7M | 22.5M | 15M | 18.2M | 19.9M |
| Operating income | -25.6M | -37.2M | -23.2M | -15.6M | -18.5M | -21.8M |
| Operating margin | -12.2K% | -8.2K% | -14.5K% | — | -168.4K% | -181.6K% |
| Non-operating income, net | — | — | -706K | 4.1M | -14.4M | -19.3M |
| Pretax income | -24.1M | -36.4M | -23.7M | -10.9M | -38.5M | -36.5M |
| Income tax | 11K | -1.2M | 1.4M | -142K | -12K | 781K |
| Net income | -24.1M | -35.2M | -25.2M | -10.8M | -38.5M | -37.3M |
| Net margin | -11.5K% | -7.7K% | -15.7K% | — | -349.9K% | -310.8K% |
| EBITDA | -25.1M | -35.6M | -21.7M | -14.3M | -3.3M | -31.4M |
| EPS | -2.39 | — | -2.28 | — | -2.56 | -1.51 |
| Diluted EPS | -2.39 | — | -2.28 | — | -2.56 | -1.51 |
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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Market cap | — | 43.6M | — | 51.9M | — | — | 2.2M |
| Enterprise value | — | -232.2M | — | 4.9M | — | — | 7.2M |
| Shares outstanding | 7.7M | 7.9M | 9.8M | 10.1M | 15.9M | — | — |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| P/S | — | 7.3K | — | 32.2 | — | — | 1.73 |
| P/B | — | 0.17 | — | 0.66 | — | — | 0.33 |
| EV/EBITDA | — | 0.44 | — | -0.04 | — | — | -0.12 |
| EV/Sales | — | -38.7K | — | 3.05 | — | — | 5.52 |
| FCF yield | — | -141.2% | — | -179.4% | — | — | -1.5K% |
| PEG | — | — | — | — | — | — | -0.03 |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Gross margin | -66.8% | -16.5K% | — | -103.4% | -1.9K% | -1.3K% | -15.5K% |
| Operating margin | -17.6K% | -8.6M% | — | -7.5K% | -43.2K% | -6.3K% | -867.7% |
| Net margin | -17.5K% | -8.4M% | — | -7.1K% | -61.1K% | -4.3K% | -1.3K% |
| ROE | -147.9% | -201.8% | -61.2% | -146.3% | -483.2% | -826.8% | -373.6% |
| ROA | -138.2% | -172.5% | -50% | -82.8% | -85.8% | -146.2% | -47.2% |
| ROIC | 11.5K% | 2K% | -296.5% | -385.2% | -5.2K% | -700.3% | -5.2K% |
| Return on tangible assets | -138.2% | -172.5% | -50% | -82.8% | -85.8% | -146.2% | -85.8% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Current ratio | 14.8 | 14 | 8.27 | 2.66 | 2.28 | 1.18 | 1.18 |
| Quick ratio | 14.8 | 14 | 8.27 | 2.64 | 2.2 | 1.18 | 2.2 |
| Debt / equity | — | 0 | 0.12 | 0.5 | 2.19 | 2.84 | 2.84 |
| Debt / assets | — | 0 | 0.1 | 0.28 | 0.39 | 0.5 | 0.39 |
| Net debt / EBITDA | — | 0.52 | 1.07 | 0.41 | 0.29 | -0.05 | 0.31 |
| Interest coverage | — | — | — | -1.4K | -117.7 | -59.3 | -59.3 |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Revenue per share | 0.05 | 0 | 0 | 0.16 | 0.01 | — | 0.04 |
| EPS (basic) | -8.83 | -64.2 | -11 | -11.3 | -7.01 | — | — |
| EPS (diluted) | -8.83 | -64.2 | -11 | -11.3 | -7.01 | — | -1.74 |
| Book value per share | 5.97 | 31.9 | 17.9 | 7.74 | 1.45 | — | 0.23 |
| FCF per share | -1.78 | -7.84 | -12.6 | -9.22 | -4.8 | — | -3.09 |
| Cash per share | 6.05 | 35.1 | 15.7 | 8.49 | 4.54 | — | 0.49 |
| Capex per share | 0.08 | 0.31 | 1.13 | 0.37 | 0.47 | — | 0.3 |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Capex / revenue | 153.4% | 40.3K% | — | 232.9% | 4.1K% | 478.4% | 4.1K% |
| Capex / operating cash flow | -4.12% | -3.92% | -12.4% | -4.12% | -7.84% | -14.6% | -7.84% |
| Payout ratio | — | — | — | — | — | — | 0% |
| $455K |
| $160K |
| $0 |
| $11K |
| $12K |
| YoY change | — | — | — | — | -94.8% | -97.4% |
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 | 46.4M | 275.8M | 153.6M | 85.6M | 72.3M | 14.2M |
| Receivables | 55K | 0 | 0 | 455K | 11K | 24K |
| Inventory | 271K | 0 | 0 | 463K | 3.1M | 0 |
| Total current assets | 47.9M | 288.1M | 165.7M | 93.5M | 82.5M | 15M |
| Property, plant & equipment | 907K | 3.7M | 43M | 38.5M | 42.2M | 18.9M |
| Goodwill & intangibles | — | — | — | — | — | — |
| Total assets | 49M | 292.9M | 215M | 137.9M | 130.3M | 38.2M |
| Accounts payable | 970K | 4.5M | 6.2M | 3.7M | 5.6M | 1.7M |
| Short-term debt | — | — | 2.7M | 17.4M | 22.6M | 3.6M |
| Total current liabilities | 3.2M | 20.6M | 20M | 35.2M | 36.2M | 12.7M |
| Long-term debt | — | 0 | 18.6M | 21.2M | 28M | 15.5M |
| Total liabilities | 3.2M | 42.5M | 39.6M | 59.8M | 107.2M | 31.4M |
| Shareholders' equity | 45.8M | 250.4M | 175.4M | 78.1M | 23.1M | 6.8M |
| Total debt | — | 0 | 21.4M | 38.7M | 50.7M | 19.2M |
| Net debt | — | -275.8M | -35.4M | -2.6M | -21.6M | 4.9M |
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 |
|---|---|---|---|---|
| Cash & short-term investments | 77.5M | 60.5M | 88.8M | 72.3M |
| Receivables | 45K | 0 | 11K | 11K |
| Inventory | 1.5M | 2M | 1.8M | 3.1M |
| Total current assets | 87.2M | 75M | 101.5M | 82.5M |
| Property, plant & equipment | 37.7M | 37.2M | 36.7M | 42.2M |
| Goodwill & intangibles | — | — | — | — |
| Total assets | 130.2M | 116.9M | 143.9M | 130.3M |
| Accounts payable | 3.4M | 4.2M | 3.6M | 5.6M |
| Short-term debt | 17.4M | 18.7M | 18.7M | 22.6M |
| Total current liabilities | 33.8M | 34M | 31.6M | 36.2M |
| Long-term debt | 21.2M | 18.1M | 23.4M | 28M |
| Total liabilities | 59.9M | 54M | 86.2M | 107.2M |
| Shareholders' equity | 70.3M | 62.9M | 57.7M | 23.1M |
| Total debt | 38.7M | 36.7M | 42M | 50.7M |
| Net debt | -15M | 468K | -46.7M | -21.6M |
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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Net income | -67.7M | -505.3M | -107.4M | -114.2M | -111.8M | -55.8M |
| Depreciation & amortization | 166K | 484K | 1.7M | 2.3M | 3.2M | 3.1M |
| Stock-based compensation | 52.8M | 448.1M | 26.9M | 16.3M | 9.6M | 5.1M |
| Change in working capital | 326K | -7.7M | -10.3M | 4.6M | 1.6M | 3.3M |
| Operating cash flow | -14.5M | -61.6M | -89.1M | -91M | -96.1M | -42.5M |
| Capital expenditure | -595K | -2.4M | -11.1M | -3.7M | -7.5M | -6.2M |
| Investing cash flow | -2.3M | -748K | -106.8M | 49.6M | 36M | -6.2M |
| Dividends paid | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — |
| Financing cash flow | 25.8M | 287.6M | 0 | 20.2M | 33.5M | -1.6M |
| Net change in cash | 9.1M | 225.3M | -196M | -21.1M | -26.6M | -50.3M |
| Free cash flow | -13.7M | -61.6M | -123.6M | -93M | -76.5M | -75M |
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 |
|---|---|---|---|---|---|---|
| Net income | -24.1M | -35.2M | -25.2M | -10.8M | -38.5M | -37.3M |
| Depreciation & amortization | 485K | 1.5M | 813K | 795K | 788K | 786K |
| Stock-based compensation | 4M | 3.4M | 2.8M | 2.8M | 1.8M | 2.2M |
| Change in working capital | -631K | 5.1M | 420K | -4.8M | 771K | 5.2M |
| Operating cash flow | -20.3M | -25.2M | -20.8M | -11.7M | -34.8M | -28.8M |
| Capital expenditure | -610K | -392K | -865K | -1.1M | -907K | -4.7M |
| Investing cash flow | 16.4M | 6.3M | 19.1M | -1.1M | 22.6M | -4.7M |
| Dividends paid | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — |
| Financing cash flow | 611K | -144K | -529K | -8K | 31.4M | 2.7M |
| Net change in cash | -3.3M | -19M | -2.2M | -12.7M | 19.2M | -30.8M |
| Free cash flow | -20.3M | -23.5M | -22.1M | -17.9M | -17.4M | -19.2M |