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 | -$0.07 | -$0.05 | +28.6% | — | $909K | — |
| Q1 26 | -$0.08 | -$0.08 | 0.0% | — | $563K | — |
| Q4 25 | -$0.08 | -$0.08 | 0.0% | — | $238K | — |
| Q3 25 | -$0.08 | -$0.08 | 0.0% | — | $266K | — |
| Q2 25 | -$0.08 | -$0.08 | 0.0% | — | $422K | — |
| Q1 25 | -$0.07 | -$0.08 | -14.3% | — | $197K | — |
| Q3 24 | -$0.12 | -$0.1 | +16.7% | — | $0 | — |
| Q2 24 | -$0.11 | -$0.1 | +9.1% | — | $0 | — |
| Q1 24 | -$0.13 | -$0.07 | +46.2% | — | $0 | — |
| Q3 23 | -$0.3 | -$0.13 | +56.7% | — | $0 | — |
| Q2 23 | -$0.29 | -$0.22 | +24.1% | — | $0 | — |
| Q1 23 | -$0.25 | -$0.36 | -44.0% | — | $0 | — |
| Q4 22 | -$0.26 | -$0.23 | +11.5% | — | $0 | — |
| Q3 22 | -$0.29 | -$0.24 | +17.2% | — | $0 | — |
| Q2 22 | -$0.28 | -$0.29 | -3.6% | — | $0 | — |
| Q1 22 | -$0.21 | -$0.33 | -57.1% | — | $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 | — | -$0.32 | — | — | $1.1M | — |
| FY24 | — | -$0.4 | — | — | $43K | — |
| FY23 | — | -$0.99 | — | — | $0 | — |
| FY22 | — | -$1.09 | — | — | $0 | — |
| FY21 | — | -$1.21 |
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 | $0 | $43K | $1.1M |
| YoY change | — | 0% | 0% | 0% | 0% | +InfinityT% | +2.5K% |
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 | 0 | 43K | 1.1M |
| Cost of revenue | — | — | — | — | — | 0 | 327K |
| Gross profit | — | — | — | — | — | 43K | 796K |
| Gross margin | — | — | — | — | — | 100% | 70.9% |
| Research & development | 3M | 2.4M | 3M | 4.3M | 5.7M | 6M | 6.3M |
| Selling, general & administrative | 899K | 818K | 2.6M | 5.6M | 5.7M | 5M | 7M |
| Operating expenses | 3.9M | 3.2M | 5.7M | 9.9M | 11.4M | 11M | 13.3M |
| Operating income | -3.9M | -3.2M | -5.7M | -9.9M | -11.4M | -11M | -12.5M |
| Operating margin | — | — | — | — | — | -25.5K% | -1.1K% |
| Non-operating income, net | -6K | -7K | 181K | 4K | 1.7M | 1.8M | 915K |
| Pretax income | -3.8M | -3.8M | -6.3M | -9.9M | -10.2M | -8.8M | -11.2M |
| Income tax | — | — | — | — | — | — | — |
| Net income | -3.8M | -3.8M | -6.3M | -9.9M | -10.2M | -8.8M | -11.2M |
| Net margin | — | — | — | — | — | -20.5K% | -994.6% |
| EBITDA | -3.8M | -3.2M | -5.5M | -9.9M | -13.1M | -12.7M | -13.4M |
| EPS | -0.46 | -0.45 | -1.21 | -1.09 | -0.99 | -0.4 | -0.32 |
| Diluted EPS | -0.46 | -0.45 | -1.21 | -1.09 | -0.99 | -0.4 | -0.32 |
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 | 43K | 197K | 422K | 266K | 238K | 563K | 909K |
| Cost of revenue | — | — | — | — | — | — | 94K | 152K | 53K | 28K | 84K | 143K |
| Gross profit | — | — | — | — | — | — | 103K | 270K | 213K | 210K | 479K | 766K |
| Gross margin | — | — | — | — | — | — | 52.3% | 64% | 80.1% | 88.2% | 85.1% | 84.3% |
| Research & development | 1.6M | 775K | 1.3M | 1.5M | 1.6M | 1.6M | 1.6M | 1.4M | 1.7M | 1.5M | 1.2M | 1.2M |
| Selling, general & administrative | 1.4M | 1M | 1.2M | 1.5M | 1.2M | 1.1M | 1.6M | 1.5M | 1.7M | 2.2M | 2.7M | 2.9M |
| Operating expenses | 3M | 1.8M | 2.5M | 3M | 2.8M | 2.7M | 3.2M | 2.9M | 3.4M | 3.7M | 3.9M | 4.1M |
| Operating income | -3M | -1.8M | -2.5M | -3M | -2.8M | -2.6M | -3.1M | -2.7M | -3.2M | -3.5M | -3.5M | -3.3M |
| Operating margin | — | — | — | — | — | -6.1K% | -1.6K% | -634.6% | -1.2K% | -1.5K% | -616.2% | -368.4% |
| Non-operating income, net | 1.5M | -808K | 1.4M | 507K | 233K | -331K | 584K | -350K | 175K | 506K | -97K | 348K |
| Pretax income | -1.4M | -3.2M | -1.1M | -2.4M | -2.5M | -2.9M | -2.4M | -2.9M | -2.9M | -2.9M | -3.5M | -2.9M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — |
| Net income | -1.4M | -3.2M | -1.1M | -2.4M | -2.5M | -2.9M | -2.4M | -2.9M | -2.9M | -2.9M | -3.5M | -2.9M |
| Net margin | — | — | — | — | — | -6.7K% | -1.2K% | -686% | -1.1K% | -1.2K% | -625.4% | -320.2% |
| EBITDA | -4.5M | -969K | -3.8M | -3.5M | -3.1M | -2.3M | -3.7M | -2.3M | -3.4M | -4M | -3.4M | -3.7M |
| EPS | -0.13 | — | -0.07 | -0.1 | -0.1 | — | -0.08 | -0.08 | -0.08 | — | -0.09 | -0.06 |
| Diluted EPS | -0.13 | — | -0.07 | -0.1 | -0.1 | — | -0.08 | -0.08 | -0.08 | — | -0.09 | -0.06 |
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 | — | — | — | — | — | — | — | 70M |
| Enterprise value | — | — | — | — | — | — | — | 60.9M |
| Shares outstanding | 8.4M | 8.4M | 5.2M | 9.1M | 10.3M | 22.3M | 35.3M | 35.3M |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | -4.84 |
| P/S | — | — | — | — | — | — | — | 35.4 |
| P/B | — | — | — | — | — | — | — | 7.79 |
| EV/EBITDA | — | — | — | — | — | — | — | -4.67 |
| EV/Sales | — | — | — | — | — | — | — | 30.8 |
| Earnings yield | — | — | — | — | — | — | — | -20.6% |
| FCF yield | — | — | — | — | — | — | — | -9.5% |
| PEG | — | — | — | — | — | — | — | 0.19 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Gross margin | — | — | — | — | — | 100% | 70.9% | 84.3% |
| Operating margin | — | — | — | — | — | -25.5K% | -1.1K% | -368.4% |
| Net margin | — | — | — | — | — | -20.5K% | -994.6% | 70.9% |
| ROE | 35.1% | 25.9% | -41.2% | -160.5% | 341.1% | -196.8% | -206% | -125.2% |
| ROA | -169.1% | -198.4% | -38.8% | -136.1% | -698% | -108.6% | -138% | -64.9% |
| Return on tangible assets | -169.1% | -198.4% | -38.8% | -136.1% | -698% | -108.6% | -138% | -107.1% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Current ratio | 2.81 | 0.47 | 17.4 | 6.59 | 1.25 | 4.1 | 4.02 | 5.74 |
| Quick ratio | 2.81 | 0.47 | 17.4 | 6.59 | 1.25 | 4.1 | 3.93 | 5.53 |
| Debt / equity | — | -0.19 | — | — | — | 0.06 | 0.04 | 0.04 |
| Debt / assets | — | 1.46 | — | — | — | 0.03 | 0.03 | 0.03 |
| Net debt / EBITDA | — | -0.31 | — | — | — | 0.54 | 0.51 | 0.63 |
| Interest coverage | — | -5.43 | -6.58 | — | — | — | — | — |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 0 | 0 | 0 | 0 | 0.03 | 0.05 |
| EPS (basic) | -0.46 | -0.45 | -1.21 | -1.09 | -0.99 | -0.4 | -0.32 | -0.32 |
| EPS (diluted) | -0.46 | -0.45 | -1.21 | -1.09 | -0.99 | -0.4 | -0.32 | -0.29 |
| Book value per share | -1.3 | -1.75 | 2.94 | 0.68 | -0.29 | 0.2 | 0.15 | 0.2 |
| FCF per share | -0.4 | -0.42 | -1.14 | -0.97 | -1 | -0.41 | -0.31 | -0.25 |
| Cash per share | 0.25 | 0.21 | 2.91 | 0.71 | 0.11 | 0.32 | 0.2 | 0.21 |
| Capex per share | — | — | — | — | — | 0 | — | — |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Capex / revenue | — | — | — | — | — | 27.9% | — | — |
| Capex / operating cash flow | — | — | — | — | — | -0.15% | — | — |
| Payout ratio | — | — | — | — | — | — | — | 0% |
| — |
| — |
| $0 |
| — |
| FY20 | — | -$0.45 | — | — | $0 | — |
| FY19 | — | -$0.46 | — | — | $0 | — |
| Q2 24 |
|---|
| Q3 24 |
|---|
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $0 | $0 | $0 | $0 | $0 | $43K | $197K | $422K | $266K | $238K | $563K | $909K |
| YoY change | 0% | 0% | 0% | 0% | 0% | +InfinityT% | +InfinityT% | +InfinityT% | +InfinityT% | +453.5% | +185.8% | +115.4% |
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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 2.1M | 1.8M | 15.2M | 6.4M | 1.2M | 7.2M | 7M |
| Receivables | — | — | — | — | — | 43K | 139K |
| Inventory | — | — | — | — | — | — | 189K |
| Total current assets | 2.3M | 1.9M | 16.3M | 7.3M | 1.5M | 7.8M | 7.9M |
| Property, plant & equipment | — | 0 | 6K | 0 | — | 290K | 202K |
| Goodwill & intangibles | — | — | — | — | — | — | — |
| Total assets | 2.3M | 1.9M | 16.3M | 7.3M | 1.5M | 8.1M | 8.1M |
| Accounts payable | 538K | 162K | 525K | 534K | 561K | 586K | 799K |
| Short-term debt | — | 2.8M | — | — | — | 66K | 105K |
| Total current liabilities | 805K | 4.1M | 938K | 1.1M | 1.2M | 1.9M | 2M |
| Long-term debt | — | 23K | — | — | — | 212K | 107K |
| Total liabilities | 13.2M | 16.6M | 938K | 1.1M | 4.5M | 3.6M | 2.7M |
| Shareholders' equity | -10.9M | -14.7M | 15.3M | 6.2M | -3M | 4.5M | 5.4M |
| Total debt | — | 2.8M | — | — | — | 278K | 212K |
| Net debt | — | 995K | — | — | — | -6.9M | -6.8M |
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 | 3.2M | 1.2M | 4.4M | 11.7M | 9.6M | 7.2M | 14.6M | 12.3M | 10M | 7M | 12.4M | 9.5M |
| Receivables | — | — | — | — | — | 43K | 242K | 363K | 169K | 139K | 280K | 480K |
| Inventory | — | — | — | — | — | — | — | — | 272K | 189K | 379K | 383K |
| Total current assets | 3.5M | 1.5M | 4.8M | 12M | 10M | 7.8M | 15.7M | 13.4M | 11M | 7.9M | 13.7M | 10.8M |
| Property, plant & equipment | — | — | — | — | — | 290K | 269K | 248K | 226K | 202K | 244K | 462K |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 3.5M | 1.5M | 4.8M | 12M | 10M | 8.1M | 16M | 13.6M | 11.2M | 8.1M | 14M | 11.5M |
| Accounts payable | 350K | 561K | 356K | 438K | 686K | 586K | 967K | 671K | 869K | 799K | 1.1M | 866K |
| Short-term debt | — | — | — | — | — | 66K | 97K | 99K | 102K | 105K | 108K | 131K |
| Total current liabilities | 1.6M | 1.2M | 1.1M | 1.3M | 1.8M | 1.9M | 1.7M | 1.6M | 1.9M | 2M | 1.9M | 1.9M |
| Long-term debt | — | — | — | — | — | 212K | 186K | 161K | 134K | 107K | 78K | 259K |
| Total liabilities | 3.5M | 4.5M | 3M | 2.7M | 3M | 3.6M | 2.9M | 3M | 3.1M | 2.7M | 2.7M | 2.5M |
| Shareholders' equity | 6K | -3M | 1.8M | 9.3M | 7.1M | 4.5M | 13.2M | 10.6M | 8.1M | 5.4M | 11.3M | 9M |
| Total debt | — | — | — | — | — | 278K | 283K | 260K | 236K | 212K | 186K | 390K |
| Net debt | — | — | — | — | — | -6.9M | -14.3M | -12.1M | -9.8M | -6.8M | -12.2M | -9.1M |
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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Net income | -3.8M | -3.8M | -6.3M | -9.9M | -10.2M | -8.8M | -11.2M |
| Depreciation & amortization | — | 0 | 9K | 6K | 0 | — | 2K |
| Stock-based compensation | 38K | 50K | 147K | 644K | 1.1M | 1.2M | 1.3M |
| Change in working capital | 343K | -376K | 367K | 9K | -74K | -196K | -72K |
| Operating cash flow | -3.5M | -3.6M | -5.1M | -9.2M | -9.2M | -7.8M | -11M |
| Capital expenditure | — | — | — | — | — | -12K | — |
| Investing cash flow | -1K | — | 0 | -2M | 2M | -12K | — |
| Dividends paid | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — |
| Financing cash flow | 0 | 3.2M | 16.5M | 0 | 5M | 15M | 10.8M |
| Net change in cash | -3.5M | -479K | 11.4M | -11.3M | -2.2M | 7.2M | -170K |
| Free cash flow | -3.4M | -3.5M | -5.9M | -8.8M | -10.3M | -9.1M | -11M |
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 | -1.4M | -3.2M | -1.1M | -2.4M | -2.5M | -2.9M | -2.4M | -2.9M | -2.9M | -2.9M | -3.5M | -2.9M |
| Depreciation & amortization | 0 | 0 | — | — | — | — | 1K | 1K | -1K | 1K | 1K | 5K |
| Stock-based compensation | 239K | 221K | 423K | 244K | 255K | 252K | 288K | 345K | 349K | 285K | 317K | 570K |
| Change in working capital | -527K | 211K | -233K | 211K | 248K | -100K | 41K | -261K | 263K | -115K | -58K | -565K |
| Operating cash flow | -1.7M | -2.8M | -886K | -1.9M | -2M | -2.7M | -2.1M | -2.3M | -2.3M | -3M | -3.7M | -2.9M |
| Capital expenditure | — | — | — | — | — | — | -2K | — | — | — | — | — |
| Investing cash flow | 0 | 0 | 0 | 0 | 0 | 0 | -2K | — | — | — | — | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 0 | 0 | 5.4M | 9.6M | 0 | 0 | 10.8M | -1.3M | 0 | 0 | 9M | 55K |
| Net change in cash | -1.7M | -2.8M | 4.5M | 7.7M | -2M | -2.7M | 8.7M | -3.6M | -2.3M | -3M | 5.3M | -2.8M |
| Free cash flow | -2.7M | -2.1M | -2.2M | -2.3M | -2.2M | -2.4M | -3.4M | -2.3M | -2.3M | -3M | -3.7M | -2.9M |