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 % |
|---|---|---|---|---|---|---|
| Q3 23 | — | -$0.08 | — | — | $0 | — |
| Q2 23 | — | -$0.14 | — | — | $0 | — |
| Q3 22 | — | -$0.12 | — | — | $0 | — |
| Q2 22 | — | -$0.13 | — | — | $0 | — |
| Q1 22 | — | -$0.2 | — | — | $0 | — |
| Q4 21 | — | -$0.37 | — | — | $0 | — |
| Q3 21 | — | -$0.09 | — | — | $0 | — |
| Q2 21 | — | -$0.06 | — | — | $0 | — |
| Q1 21 | — | -$0.05 | — | — | $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 | — | -$10.8 | — | — | $0 | — |
| FY24 | — | -$0.91 | — | — | $0 | — |
| FY23 | — | -$0.71 | — | — | $0 | — |
| FY22 | — | -$2.16 | — | — | $0 | — |
| FY21 |
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 | $42.8K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| YoY change | — | -100% | 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 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 42.8K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | 5.3K | 0 | 0 | 0 | 0 | — | — | — | — | — |
| Gross profit | 37.5K | 0 | 0 | 0 | 0 | — | — | 0 | 0 | — |
| Gross margin | 87.7% | — | — | — | — | — | — | — | — | — |
| Research & development | 804.2K | 62.8K | 617K | 2.5M | 4.7M | 15.7M | 8.4M | 4.2M | 2.7M | 537.4K |
| Selling, general & administrative | 1.3M | 2.3M | 4.7M | 8.4M | 7.1M | 7.6M | 14.3M | 15.3M | 24.6M | 17.9M |
| Operating expenses | 2.1M | 2.4M | 5.3M | 10.9M | 11.8M | 23.3M | 22.7M | 19.5M | 27.3M | 18.4M |
| Operating income | -2.1M | -2.4M | -5.3M | -11M | -11.9M | -23.4M | -22.8M | -19.6M | -27.4M | -18.5M |
| Operating margin | -5K% | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | -74.7K | 219K | -996.8K | -7.1M | 561.4K | -3.1M | -90.4M | -19.4M | -58.6M | -158.9M |
| Pretax income | -2.2M | -2.2M | -6.4M | -18M | -11.4M | -26.8M | -113.4M | -39.7M | -88.4M | -178M |
| Income tax | -462.8K | -64.9K | -111.7K | 0 | 0 | -125.3K | 34 | 0 | — | — |
| Net income | -1.7M | -2.1M | -6.3M | -18M | -11.4M | -26.7M | -113.4M | -39.7M | -88.4M | -178M |
| Net margin | -4.1K% | — | — | — | — | — | — | — | — | — |
| EBITDA | -2.1M | -2.4M | -5.3M | -10.8M | -11.5M | -23.3M | -22.6M | -19.5M | -27.3M | -18.3M |
| EPS | -0.18 | -0.17 | -0.29 | -0.48 | -0.25 | -0.57 | -2.16 | -0.71 | -0.91 | -10.8 |
| Diluted EPS | -0.18 | -0.17 | -0.29 | -0.48 | -0.25 | -0.57 | -2.16 | -0.71 | -0.91 | -10.8 |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | Q2 23 | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Research & development | 326K | 239.1K | 994.7K | 566.6K | 620.5K | 1.1M | 434.5K | 390.2K | 161.1K | -94.1K | 80.2K | 24.4K |
| Selling, general & administrative | 4M | 3.8M | 3M | 8.3M | 3.6M | 7.7M | 5M | 5.3M | 4.4M | 4.2M | 4M | 2.4M |
| Operating expenses | 4.3M | 4M | 3.9M | 8.9M | 4.2M | 8.7M | 5.4M | 5.7M | 4.5M | 4.1M | 4.1M | 2.4M |
| Operating income | -4.4M | -4.1M | -4M | -8.9M | -4.3M | -8.8M | -5.5M | -5.7M | -4.5M | -4.2M | -4.1M | -2.5M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | — | — | -19M | -120K | — | -49.9M | -42.8M | -38.4M | -2.6M | 4.5M | -122.4M | 5.4M |
| Pretax income | -4.5M | -4.3M | -23.2M | -9.2M | -4.5M | -59M | -49.9M | -44.2M | -7.3M | 189.2K | -126.7M | 2.8M |
| Income tax | 0 | 0 | 0 | 0 | — | — | — | — | — | — | — | — |
| Net income | -4.5M | -4.3M | -23.2M | -9.2M | -4.5M | -59M | -49.9M | -44.2M | -7.3M | 189.2K | -126.7M | 2.8M |
| Net margin | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -4.3M | -4M | -3.9M | -8.8M | -4.2M | -8.7M | -5.4M | -5.6M | -4.5M | -4.1M | -4.1M | -2.4M |
| EPS | -0.08 | -0.08 | — | -0.14 | -0.07 | -0.54 | — | -2.8 | -0.4 | 0 | — | 0.13 |
| Diluted EPS | -0.08 | -0.08 | — | -0.14 | -0.07 | -0.54 | — | -2.8 | -0.4 | 0 | — | 0.13 |
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 | — | — | — | — | — | 2.3B | — | 318.8M | — | — | 46M |
| Enterprise value | — | — | — | — | — | 2.3B | — | 322.5M | — | — | 56.1M |
| Shares outstanding | 9.5M | 12.3M | 21.9M | 37.6M | 46.3M | 47.2M | 52.5M | 56.3M | 97.5M | 16.5M | 16.5M |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | — | — | — | -0.18 |
| P/B | — | — | — | — | — | 13.4 | — | 6.86 | — | — | -3.33 |
| EV/EBITDA | — | — | — | — | — | -100.2 | — | -16.6 | — | — | -3.06 |
| Earnings yield | — | — | — | — | — | — | — | — | — | — | -559.6% |
| FCF yield | — | — | — | — | — | -0.88% | — | -3.7% | — | — | -387.2% |
| PEG | — | — | — | — | — | — | — | — | — | — | 0 |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin | 87.7% | — | — | — | — | — | — | — | — | — | — |
| Operating margin | -5K% | — | — | — | — | — | — | — | — | — | — |
| Net margin | -4.1K% | — | — | — | — | — | — | — | — | — | — |
| ROE | 272.2% | -139.8% | -3.98% | -10.4% | -6.87% | -15.3% | -156.2% | -85.3% | -67% | 833.8% | 833.8% |
| ROA | -199.3% | -47.4% | -3.46% | -10% | -6.41% | -14.1% | -134% | -68.1% | -54.2% | -2.2K% | -2.2K% |
| ROIC | 380.2% | 752.2% | -3.72% | -6.83% | -7.22% | -14.5% | -32.4% | -39% | — | — | — |
| Return on tangible assets | -289.5% | -50.1% | 4.19% | 11.8% | 7.37% | 18.6% | 183.3% | 78.9% | 56.8% | 4.4K% | 2.5K% |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 0.49 | 1.4 | 18 | 11.3 | 6.7 | 11.1 | 1.48 | 0.23 | 0.07 | 0.04 | 0.04 |
| Quick ratio | 0.49 | 1.4 | 18 | 11.3 | 6.7 | 11.1 | 1.48 | 0.23 | 0.07 | 0.04 | 0.04 |
| Debt / equity | -0.16 | 1.36 | — | 0 | 0.05 | 0.04 | 0.1 | 0.12 | 0.03 | -0.48 | -0 |
| Debt / assets | 0.12 | 0.46 | — | 0 | 0.04 | 0.04 | 0.08 | 0.1 | 0.02 | 1.24 | 0.39 |
| Net debt / EBITDA | -0.04 | 0.78 | — | 1.13 | 0.1 | 0.57 | 0.1 | -0.19 | -0.13 | -0.53 | -0.14 |
| Interest coverage | -928.8 | -83.1 | -43.8 | -419K | -108.5 | -69.7 | -303.2 | -55.1 | -35.3 | -244.3 | -211.9 |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — | — | — |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (basic) | -0.18 | -0.17 | -0.29 | -0.48 | -0.25 | -0.57 | -2.16 | -0.71 | -0.91 | -10.8 | -10.8 |
| EPS (diluted) | -0.18 | -0.17 | -0.29 | -0.48 | -0.25 | -0.57 | -2.16 | -0.71 | -0.91 | -10.8 | -10.8 |
| Book value per share | -0.07 | 0.12 | 7.23 | 4.61 | 3.59 | 3.7 | 1.38 | 0.83 | 1.35 | -1.29 | -0.58 |
| FCF per share | -0.15 | -0.1 | -0.2 | -0.25 | -0.23 | -0.44 | -0.3 | -0.21 | -0.11 | -0.48 | -0.32 |
| Cash per share | 0 | 0.32 | 0.71 | 0.33 | 0.19 | 0.44 | 0.17 | 0.03 | 0 | 0.03 | 0.03 |
| Capex per share | — | — | 0 | 0.02 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Capex / operating cash flow | — | — | -0.74% | -8.32% | -1.77% | -0.22% | -0% | -0.1% | -0.1% | 0% | 0% |
| — |
| -$0.57 |
| — |
| — |
| $0 |
| — |
| FY20 | — | -$0.25 | — | — | $0 | — |
| FY19 | — | -$0.48 | — | — | $0 | — |
| FY18 | — | -$0.29 | — | — | $0 | — |
| FY17 | — | -$0.17 | — | — | $0 | — |
| FY16 | — | -$0.18 | — | — | $42.8K | — |
| Period | Q2 23 | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 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 | 23.4K | 3.9M | 15.6M | 12.3M | 8.7M | 20.7M | 9.2M | 1.9M | 220.5K | 480.6K |
| Receivables | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 732.5K | 4.2M | 15.8M | 12.5M | 8.9M | 20.9M | 9.6M | 2.6M | 2M | 1M |
| Property, plant & equipment | 0 | 0 | 27.4K | 687.5K | 2.5M | 2.2M | 1.7M | 1.4M | 1.8M | 1.1M |
| Goodwill & intangibles | 271.5K | 248.8K | 333.2M | 333.1M | 333.1M | 333.1M | 146.5M | 108.6M | 318.7M | 12.3M |
| Total assets | 870.8K | 4.5M | 182.5M | 179.9M | 178.1M | 189.6M | 84.6M | 58.3M | 163.1M | 8.2M |
| Accounts payable | 1.2M | 670K | 571.8K | 538.6K | 592.9K | 320.6K | 1.4M | 5.3M | 9.4M | 12.6M |
| Short-term debt | 102.9K | 2.1M | — | — | 271.3K | 292.4K | 1.5M | 4.8M | 2.9M | 9.7M |
| Total current liabilities | 1.5M | 3M | 873.7K | 1.1M | 1.3M | 1.9M | 6.5M | 11M | 30.3M | 29.2M |
| Long-term debt | — | — | — | 0 | 7.3M | 7M | 5.6M | 775.6K | 842.4K | 424.5K |
| Total liabilities | 1.5M | 3M | 23.8M | 6.8M | 11.8M | 14.9M | 12M | 11.8M | 31.2M | 29.6M |
| Shareholders' equity | -637.4K | 1.5M | 158.7M | 173.1M | 166.3M | 174.7M | 72.6M | 46.5M | 132M | -21.3M |
| Total debt | 102.9K | 2.1M | — | 0 | 7.6M | 7.3M | 7M | 5.6M | 3.8M | 10.2M |
| Net debt | 79.5K | -1.9M | — | -12.3M | -1.1M | -13.4M | -2.2M | 3.7M | 3.6M | 10.1M |
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 | Q2 23 | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 4.1M | 2.9M | 1.9M | 523.5K | 244K | 312.7K | 220.5K | 220.6K | 311.8K | 1.6M | 480.6K | 624.8K |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 5.4M | 3.9M | 2.6M | 1.9M | 2.4M | 1.2M | 2M | 1.9M | 1.7M | 3.7M | 1M | 800.4K |
| Property, plant & equipment | 1.6M | 1.5M | 1.4M | 1.3M | 1.3M | 1.9M | 1.8M | 1.6M | 1.6M | 1.4M | 1.1M | 12.5K |
| Goodwill & intangibles | 146.5M | 146.5M | 108.6M | 108.6M | 108.6M | 418.3M | 318.7M | 236.4M | 216M | 225.3M | 12.3M | 12.2M |
| Total assets | 80.3M | 78.7M | 58.3M | 57.6M | 58M | 212.3M | 163.1M | 121.8M | 111.3M | 117.7M | 8.2M | 7M |
| Accounts payable | 4.6M | 4.5M | 5.3M | 5.4M | 5.6M | 8M | 9.4M | 11.4M | 10.9M | 11.7M | 12.6M | 12.1M |
| Short-term debt | 4.9M | 6.2M | 4.8M | 3.9M | 6.7M | 7.6M | 2.9M | 3.1M | 5.7M | 6.5M | 9.7M | 2.4M |
| Total current liabilities | 11.3M | 11.8M | 11M | 10.1M | 13.8M | 20.9M | 30.3M | 23M | 28.6M | 28.8M | 29.2M | 19.7M |
| Long-term debt | 2.1M | 829.2K | 775.6K | 720.8K | 664.2K | 970.4K | 842.4K | 710.3K | 674.2K | 497.6K | 424.5K | 279K |
| Total liabilities | 13.4M | 12.6M | 11.8M | 10.8M | 14.4M | 43.7M | 31.2M | 23.7M | 29.3M | 29.3M | 29.6M | 20M |
| Shareholders' equity | 66.9M | 66.1M | 46.5M | 46.7M | 43.6M | 168.6M | 132M | 98.1M | 82.1M | 88.4M | -21.3M | -13M |
| Total debt | 7M | 7M | 5.6M | 4.6M | 7.4M | 8.6M | 3.8M | 3.8M | 6.4M | 7M | 10.2M | 2.7M |
| Net debt | 2.9M | 4.1M | 3.7M | 4.1M | 7.1M | 8.3M | 3.6M | 3.6M | 6.1M | 6.1M | 10.1M | 2.1M |
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 | -1.7M | -2.1M | -6.3M | -18M | -11.4M | -26.7M | -113.4M | -39.7M | -88.4M | -178M |
| Depreciation & amortization | 27.4K | 14.5K | 18.5K | 71.7K | 366.3K | 123.5K | 123.6K | 113.5K | 121.9K | 129.1K |
| Stock-based compensation | 0 | 982.2K | 281.5K | 2.2M | 1M | 1.4M | 5.5M | 3.5M | 4.7M | 3.3M |
| Change in working capital | 43K | -43.5K | 227.6K | 89.9K | -173.1K | -245.4K | 1.1M | 3.8M | 3M | 4.2M |
| Operating cash flow | -1.7M | -1.2M | -4M | -8.6M | -10.4M | -22.1M | -109.3M | -31.2M | -72.4M | -180M |
| Capital expenditure | — | — | -30K | -716.7K | -184.5K | -48.9K | -5.2K | -29.8K | -70.4K | 0 |
| Investing cash flow | 1.1M | -196.1K | -575.7K | -716.7K | -184.5K | -48.9K | -5.2K | -29.8K | -1.3M | -500K |
| Dividends paid | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 0 | 5.5M | 16.7M | 0 | 6.2M | 33.7M | 4.1M | 2.9M | 9.3M | 8.4M |
| Net change in cash | -609.5K | 4.1M | 12.1M | -9.3M | -4.4M | 11.6M | -105.2M | -28.4M | -64.3M | -172.2M |
| Free cash flow | -1.5M | -1.2M | -4.4M | -9.2M | -10.6M | -20.7M | -15.7M | -11.8M | -11M | -7.9M |
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 | Q2 23 | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -4.5M | -4.3M | -23.2M | -9.2M | -4.5M | -59M | -49.9M | -44.2M | -7.3M | 189.2K | -126.7M | 2.8M |
| Depreciation & amortization | 28.8K | 28.2K | 28K | 27.3K | 33.2K | 30.3K | 31.1K | 32.4K | 32.1K | 32K | 32.6K | 41.5K |
| Stock-based compensation | 820K | 1.1M | 612.9K | 983.8K | 999.2K | 1.9M | 828.5K | 357.6K | 558.6K | 1.5M | 897.8K | 181.3K |
| Change in working capital | -123.3K | -83.7K | 762.7K | 108.1K | 187.6K | 1.9M | 850.1K | 1.8M | 609.1K | 786.7K | 1M | 522.4K |
| Operating cash flow | -3.7M | -3.2M | -21.4M | -3.4M | -3.1M | -47.8M | -52.3M | -49.9M | -2.9M | -1.8M | -125.5M | -8.8M |
| Capital expenditure | -23.6K | 0 | -6.1K | — | — | -5.3K | -23.6K | — | — | 0 | 0 | — |
| Investing cash flow | -23.6K | 0 | -6.1K | -1.1M | -15.8K | -157.4K | -53.4K | — | — | 0 | 964.4K | 544.7K |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | -300K | 2.1M | 1.2M | 2.6M | 2.5M | 2.4M | -223.9K | 1.8M | 2.6M | 3.6M | -3.3M | 1.3M |
| Net change in cash | -4M | -1.1M | -20.2M | -1.9M | -655.7K | -45.5M | -52.6M | -48.1M | -332.3K | 1.8M | -127.8M | -6.9M |
| Free cash flow | -3.6M | -3.3M | -2.3M | -2.8M | -3.2M | -2.6M | -2.4M | -2M | -2.6M | -1.5M | -1.8M | -1.3M |