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 | -$0.2 | -$0.11 | +45.0% | — | $0 | — |
| Q4 25 | -$0.14 | -$0.29 | -107.1% | — | $0 | — |
| Q3 25 | -$0.04 | -$0.3 | -650.0% | — | $0 | — |
| Q1 25 | -$0.31 | -$0.58 | -87.1% | — | $0 | — |
| Q4 24 | -$0.7 | -$0.62 | +11.4% | — | $0 | — |
| Q3 24 | -$0.64 | -$0.72 | -12.5% | — | $0 | — |
| Q2 24 | -$0.83 | -$0.59 | +28.9% | — | $0 | — |
| Q1 24 | -$0.86 | -$0.72 | +16.3% | — | $0 | — |
| Q4 23 | -$0.83 | -$0.84 | -1.2% | — | $0 | — |
| Q3 23 | -$0.91 | -$0.73 | +19.8% | — | $0 | — |
| Q2 23 | -$0.9 | -$0.84 | +6.7% | — | $0 | — |
| Q1 23 | -$0.89 | -$0.87 | +2.2% | — | $0 | — |
| Q4 22 | -$1.33 | -$1.41 | -6.0% | — | $0 | — |
| Q3 22 | -$1.45 | -$1.31 | +9.7% | — | $0 | — |
| Q2 22 | -$1.27 | -$1.33 | -4.7% | — | $0 | — |
| Q1 22 | -$1.27 | -$1.4 | -10.2% | — | $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 | — | -$1.45 | — | — | $0 | — |
| FY24 | — | -$2.65 | — | — | $0 | — |
| FY23 | — | -$3.28 | — | — | $0 | — |
| FY22 | — | -$5.3 | — | — | $0 | — |
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 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| YoY change | 0% | 0% | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — |
| Research & development | 6.2M | 1.3M | 2.9M | 7M | 36M | 90.6M | 113.3M | 54.8M | 46.2M | 26.9M |
| Selling, general & administrative | 10M | 5.9M | 4M | 5.7M | 24.9M | 35.1M | 47.9M | 48.9M | 37.7M | 32.2M |
| Operating expenses | 16.2M | 7.2M | 6.9M | 12.7M | 60.8M | 125.7M | 161.2M | 103.7M | 83.9M | 59.1M |
| Operating income | -16.2M | -7.2M | -6.9M | -12.7M | -60.8M | -125.7M | -161.2M | -103.7M | -83.9M | -59.1M |
| Operating margin | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | 13.2M | 932.9K | -706.6K | -3.8M | -16.9K | -1.2M | 1.5M | -241.2K | 381.7K | 319K |
| Pretax income | -3M | -6.3M | -9M | -17.3M | -59.5M | -125.8M | -157M | -98.8M | -80M | -57.4M |
| Income tax | — | — | — | — | — | — | — | — | — | — |
| Net income | -3M | -6.3M | -9M | -17.3M | -59.5M | -125.8M | -157M | -98.8M | -80M | -57.4M |
| Net margin | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -29.3M | -7.9M | -6.2M | -8.9M | -60.8M | -124.5M | -156.4M | -103.5M | -84.3M | -59.4M |
| EPS | -1.04 | -2.08 | -2.86 | -2.74 | -3.81 | -7.16 | -5.3 | -3.28 | -2.65 | -1.45 |
| Diluted EPS | -1.04 | -2.08 | -2.86 | -2.74 | -3.81 | -7.16 | -5.3 | -3.28 | -2.65 | -1.45 |
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 | 10.5M | 14.8M | 13.3M | 10.7M | 11.1M | 11M | 12M | 2.8M | 4M | 8.1M | 8.1M | 8.4M |
| Selling, general & administrative | 12.2M | 12.1M | 9.7M | 8.1M | 11.9M | 8.1M | 6.3M | 7.4M | 6.3M | 12.3M | 11.4M | 6.6M |
| Operating expenses | 22.7M | 26.8M | 23M | 18.8M | 23M | 19.1M | 18.2M | 10.2M | 10.3M | 20.3M | 19.5M | 15M |
| Operating income | -22.7M | -26.8M | -23M | -18.8M | -23M | -19.1M | -18.2M | -10.2M | -10.3M | -20.3M | -19.5M | -15M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | -630.9K | 404.9K | 103.8K | 87.6K | 426.4K | -236.2K | 218.7K | 33.4K | -11.2K | 78.1K | -550K | -204.6K |
| Pretax income | -22M | -25.2M | -21.8M | -17.8M | -21.7M | -18.7M | -17.6M | -9.9M | -10.1M | -19.9M | -19.1M | -12.9M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — |
| Net income | -22M | -25.2M | -21.8M | -17.8M | -21.7M | -18.7M | -17.6M | -9.9M | -10.1M | -19.9M | -19.1M | -12.9M |
| Net margin | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -22.1M | -27.2M | -23.1M | -18.9M | -23.4M | -18.8M | -18.4M | -10.3M | -10.3M | -20.4M | -18.9M | -14.8M |
| EPS | -0.73 | — | -0.72 | -0.59 | -0.72 | — | -0.58 | -0.3 | -0.3 | — | -0.22 | -0.11 |
| Diluted EPS | -0.73 | — | -0.72 | -0.59 | -0.72 | — | -0.58 | -0.3 | -0.3 | — | -0.22 | -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 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market cap | — | 9.9M | 12.7M | — | — | — | — | 124.6M | 15.7M | — | 404.3M |
| Enterprise value | — | 8.5M | 13.4M | — | — | — | — | 28.3M | -29.2M | — | 190.8M |
| Shares outstanding | 2.9M | 3M | 3.1M | 6.3M | 15.6M | 17.6M | 29.6M | 30.1M | 30.2M | 39.5M | 39.5M |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | — | — | — | -2.62 |
| P/B | — | 6.78 | -2.3 | — | — | — | — | 1.46 | 0.44 | — | 1.98 |
| EV/EBITDA | — | -1.08 | -2.15 | — | — | — | — | -0.27 | 0.35 | — | -3.21 |
| Earnings yield | — | — | — | — | — | — | — | — | — | — | -38.2% |
| FCF yield | — | -65.8% | -47.5% | — | — | — | — | -41.5% | -330% | — | -5.85% |
| PEG | — | — | — | — | — | — | — | — | — | — | 0.04 |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | — | — | — | — | — | 0% |
| Net margin | — | — | — | — | — | — | — | — | — | — | 0% |
| ROE | -42.2% | -430.5% | 162.5% | -227.5% | -56.3% | -60.4% | -111.8% | -115.7% | -225.2% | -66.3% | -55.7% |
| ROA | -29% | -221.6% | -294% | -169.5% | -50.3% | -56.3% | -102.7% | -101.3% | -174.6% | -61% | -32.4% |
| Return on tangible assets | -29% | -221.6% | -294% | -169.5% | -50.3% | -56.3% | -102.7% | -101.3% | -174.6% | -61% | -28.3% |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 3.04 | 1.8 | 0.46 | 3.83 | 9.37 | 14.8 | 12.3 | 8 | 4.45 | 14.6 | 29.5 |
| Quick ratio | 3.04 | 1.8 | 0.46 | 3.83 | 9.37 | 14.8 | 12.3 | 8 | 4.45 | 14.6 | 29.5 |
| Debt / equity | 0.04 | 0.19 | -0.53 | 0.05 | — | — | — | — | — | — | 0 |
| Debt / assets | 0.03 | 0.1 | 0.97 | 0.04 | — | — | — | — | — | — | — |
| Net debt / EBITDA | 0.28 | 0.18 | -0.11 | 1 | — | — | — | — | — | — | — |
| 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) | -1.04 | -2.08 | -2.86 | -2.74 | -3.81 | -7.16 | -5.3 | -3.28 | -2.65 | -1.45 | -1.45 |
| EPS (diluted) | -1.04 | -2.08 | -2.86 | -2.74 | -3.81 | -7.16 | -5.3 | -3.28 | -2.65 | -1.45 | -0.91 |
| Book value per share | 2.43 | 0.48 | -1.76 | 1.21 | 6.77 | 11.9 | 4.74 | 2.84 | 1.18 | 2.19 | 1.94 |
| FCF per share | -4.73 | -2.16 | -1.92 | -1.66 | -1.78 | -5.23 | -3.5 | -1.72 | -1.72 | -1.16 | -0.41 |
| Cash per share | 2.93 | 0.57 | 0.71 | 1.46 | 7.51 | 12.1 | 5.01 | 3.2 | 1.49 | 2.36 | 2.04 |
| Capex per share | 0.19 | 0.02 | 0 | 0 | — | — | — | — | — | — | — |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Capex / operating cash flow | -54.4% | -0.9% | -0.18% | 0% | — | — | — | — | — | — | — |
| Payout ratio | — | — | — | — | — | — | — | — | — | — | 0% |
| FY21 | — | -$7.16 | — | — | $0 | — |
| FY20 | — | -$3.81 | — | — | $0 | — |
| FY19 | — | -$2.74 | — | — | $0 | — |
| FY18 | — | -$2.86 | — | — | $0 | — |
| FY17 | — | -$2.08 | — | — | $0 | — |
| FY16 | — | -$1.04 | — | — | $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 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 8.5M | 1.7M | 2.2M | 9.2M | 117.1M | 211.9M | 148.3M | 96.3M | 44.9M | 93M |
| Receivables | — | 291.9K | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 9.3M | 2.5M | 2.7M | 10M | 118.1M | 223.3M | 152.9M | 97.5M | 45.8M | 94M |
| Property, plant & equipment | 531.3K | 2.3K | 12.1K | 7.2K | 1.3K | 0 | — | — | — | — |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — |
| Total assets | 10.2M | 2.8M | 3M | 10.2M | 118.2M | 223.3M | 152.9M | 97.6M | 45.8M | 94M |
| Accounts payable | 1.3M | 529.6K | 765.4K | 924.4K | 8.3M | 11.2M | 5.3M | 3.5M | 4.1M | 1.6M |
| Short-term debt | 273.7K | 276.7K | 285.2K | 364.2K | — | — | — | — | — | — |
| Total current liabilities | 3.1M | 1.4M | 5.9M | 2.6M | 12.6M | 15.1M | 12.5M | 12.2M | 10.3M | 6.4M |
| Long-term debt | — | — | 2.7M | — | — | — | — | — | — | — |
| Total liabilities | 3.2M | 1.4M | 8.6M | 2.6M | 12.6M | 15.1M | 12.5M | 12.2M | 10.3M | 7.5M |
| Shareholders' equity | 7M | 1.5M | -5.5M | 7.6M | 105.6M | 208.3M | 140.4M | 85.4M | 35.5M | 86.5M |
| Total debt | 273.7K | 276.7K | 2.9M | 364.2K | — | — | — | — | — | — |
| Net debt | -8.2M | -1.4M | 702.7K | -8.9M | — | — | — | — | — | — |
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 | 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 | 106.3M | 96.3M | 83.6M | 70.4M | 54.1M | 44.9M | 27.1M | 20.6M | 13.9M | 93M | 234M | 217.7M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 109.1M | 97.5M | 84.4M | 71M | 55.7M | 45.8M | 27.7M | 21.1M | 14.9M | 94M | 235.3M | 219M |
| Property, plant & equipment | — | — | — | — | — | — | — | — | — | — | — | — |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 109.1M | 97.6M | 84.4M | 71M | 55.7M | 45.8M | 27.7M | 21.1M | 14.9M | 94M | 235.4M | 219.1M |
| Accounts payable | 2.9M | 3.5M | 5.2M | 4.2M | 2.3M | 4.1M | 1.3M | 1.4M | 1.5M | 1.6M | 5.7M | 2.4M |
| Short-term debt | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | 8.4M | 12.2M | 12.4M | 9.5M | 8.1M | 10.3M | 5.2M | 5.1M | 5.2M | 6.4M | 12.9M | 7.4M |
| Long-term debt | — | — | — | — | — | — | — | — | — | — | — | — |
| Total liabilities | 8.4M | 12.2M | 12.4M | 9.5M | 8.1M | 10.3M | 5.2M | 5.2M | 5.4M | 7.5M | 16.6M | 12.5M |
| Shareholders' equity | 100.7M | 85.4M | 72M | 61.5M | 47.6M | 35.5M | 22.4M | 15.9M | 9.5M | 86.5M | 218.7M | 206.6M |
| Total debt | — | — | — | — | — | — | — | — | — | — | — | — |
| Net debt | — | — | — | — | — | — | — | — | — | — | — | — |
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 | -3M | -6.3M | -9M | -17.3M | -59.5M | -125.8M | -157M | -98.8M | -80M | -57.4M |
| Depreciation & amortization | 54.8K | 85.3K | 2.6K | 4.9K | 3.8K | 1.3K | 0 | — | — | — |
| Stock-based compensation | 1.2M | 704.5K | 518K | 1.2M | 20.8M | 40.5M | 44.2M | 43.8M | 30.2M | 15M |
| Change in working capital | 474.3K | 54K | 501K | 54K | 7.9M | 2.9M | -5K | -1.2M | 624.6K | -2.6M |
| Operating cash flow | -1M | -5.5M | -6.9M | -15.8M | -30.8M | -82.3M | -119.2M | -56.2M | -49.2M | -45.8M |
| Capital expenditure | -562.3K | -49.7K | -12.4K | 0 | — | — | — | — | — | — |
| Investing cash flow | -562.3K | -49.7K | -12.4K | 0 | -34.4M | -54.1M | 19.7M | 50.5M | 51.6M | -48.1M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | -527.5K | -547.3K | 6.5M | 17.2M | 20.4M | 185.3M | 43.1M | -98.5K | -40.3K | 93.6M |
| Net change in cash | -2.1M | -6.1M | -379.5K | 1.4M | -44.8M | 48.9M | -56.4M | -5.9M | 2.4M | -360.5K |
| Free cash flow | -13.7M | -6.5M | -6M | -10.5M | -27.8M | -91.9M | -103.8M | -51.7M | -51.8M | -45.8M |
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 | -22M | -25.2M | -21.8M | -17.8M | -21.7M | -18.7M | -17.6M | -9.9M | -10.1M | -19.9M | -19.1M | -12.9M |
| Depreciation & amortization | — | — | — | — | — | — | — | — | — | — | — | — |
| Stock-based compensation | 11.4M | 9.9M | 8.3M | 7.2M | 8M | 6.7M | 4.5M | 4.4M | 4.7M | 3.2M | 3.6M | 2.2M |
| Change in working capital | -2M | 649.3K | 1.7M | -1M | -1.8M | 1.8M | -2.9M | 96.9K | 91.2K | 115.8K | 1.8M | -922.2K |
| Operating cash flow | -12.6M | -14.6M | -11.8M | -11.6M | -15.6M | -10.2M | -15.9M | -6.4M | -6.7M | -14.6M | -15.1M | -9.6M |
| Capital expenditure | — | — | — | — | — | — | — | — | — | — | — | — |
| Investing cash flow | 3.9M | 7.7M | 10.1M | 14M | 16.1M | 11.3M | 15.4M | 6.7M | 6.8M | -76.9M | -135.2M | 17.6M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 0 | 0 | -25K | 0 | -89.6K | -172.5K | — | — | 0 | 93.6M | 156.6M | -6.5M |
| Net change in cash | -8.7M | -6.9M | -1.8M | 2.4M | 460.6K | 1M | -584.3K | 276.7K | 31.1K | 2.1M | 6.3M | 1.5M |
| Free cash flow | -11.6M | -10.2M | -13M | -13.3M | -16.7M | -8.8M | -18.1M | -6.4M | -6.7M | -14.6M | -15.1M | -9.6M |