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 | -$0.18 | -$0.22 | -22.2% | — | $0 | — |
| Q4 25 | -$0.23 | -$0.26 | -13.0% | — | $0 | — |
| Q3 25 | -$0.24 | -$0.27 | -12.5% | — | $0 | — |
| Q2 25 | -$0.26 | -$0.22 | +15.4% | — | $0 | — |
| Q1 25 | -$0.34 | -$0.22 | +35.3% | — | $0 | — |
| Q4 24 | -$0.33 | -$0.44 | -33.3% | — | $0 | — |
| Q3 24 | -$0.32 | -$0.34 | -6.3% | — | $0 | — |
| Q2 24 | -$0.29 | -$0.27 | +6.9% | — | $0 | — |
| Q1 24 | -$0.28 | -$0.28 | 0.0% | — | $0 | — |
| Q4 23 | -$0.36 | -$0.25 | +30.6% | — | $0 | — |
| Q3 23 | -$0.3 | -$0.3 | 0.0% | — | $0 | — |
| Q2 23 | -$0.32 | -$0.26 | +18.8% | — | $0 | — |
| Q1 23 | -$0.38 | -$0.19 | +50.0% | — | $0 | — |
| Q4 22 | -$0.41 | -$0.37 | +9.8% | — | $0 | — |
| Q3 22 | -$0.91 | -$0.65 | +28.6% | — | $0 | — |
| Q2 22 | -$0.69 | -$0.8 | -15.9% | — | $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 | — | -$0.98 | — | — | $0 | — |
| FY24 | — | -$1.33 | — | — | $0 | — |
| FY23 | — | -$1.01 | — | — | $0 | — |
| FY22 | — | -$2.26 | — | — | $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 | 9.4M | 12.1M | 17.3M | 19.1M | 14.4M | 15M | 32.5M | 43.8M | 55.7M | 61.5M |
| Selling, general & administrative | 5.5M | 8.2M | 9.1M | 6.9M | 6.1M | 7.9M | 9.4M | 12.2M | 14.7M | 18.4M |
| Operating expenses | 15M | 20.3M | 26.4M | 25.9M | 20.5M | 22.4M | 41.6M | 56M | 70.4M | 79.9M |
| Operating income | -15M | -20.3M | -26.4M | -25.9M | -20.5M | -22.4M | -41.6M | -56M | -70.4M | -79.9M |
| Operating margin | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | 19.8K | 48.5K | -2.8M | 395K | — | 1.8M | 2.3M | -5K | -2.9M | — |
| Pretax income | -14.9M | -20.3M | -29.9M | -30.4M | -20.3M | -20.9M | -41.1M | -51.8M | -68.5M | -74.4M |
| Income tax | — | — | — | — | — | — | — | — | — | — |
| Net income | -14.9M | -20.3M | -29.9M | -30.4M | -20.3M | -20.9M | -41.1M | -51.8M | -68.5M | -74.4M |
| Net margin | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -14.2M | -19.2M | -25.2M | -25.5M | -20.3M | -22.3M | -41.5M | -56M | -67.5M | -79.9M |
| EPS | -42 | -28.5 | -27 | -18.4 | -3.54 | -2.72 | -2.26 | -1.01 | -1.33 | -0.98 |
| Diluted EPS | -42 | -28.5 | -27 | -18.4 | -3.54 | -2.72 | -2.32 | -1.01 | -1.33 | -0.98 |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 | Q3 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Research & development | 10.9M | 12.2M | 12M | 12.4M | 19.1M | 12.8M | 12.6M | 15.3M | 20.9M | 13.1M | 14.3M | 11.4M |
| Selling, general & administrative | 3.3M | 3.7M | 3.2M | 3.8M | 4M | 4.2M | 4.5M | 4.7M | 5M | 6.7M | 9.9M | 6M |
| Operating expenses | 14.2M | 15.9M | 15.2M | 16.2M | 23.1M | 16.9M | 17.1M | 20M | 25.9M | 19.8M | 24.2M | 17.4M |
| Operating income | -14.2M | -15.9M | -15.2M | -16.2M | -23.1M | -16.9M | -17.1M | -20M | -25.9M | -19.8M | -24.2M | -17.4M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | 35K | -14K | -18K | -2M | -915K | -15K | 6K | -6K | — | -15K | — | — |
| Pretax income | -12.7M | -14.5M | -13.9M | -17.1M | -23M | -15.4M | -15.7M | -18.9M | -24.4M | -18.1M | -22.8M | -16.2M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — |
| Net income | -12.7M | -14.5M | -13.9M | -17.1M | -23M | -15.4M | -15.7M | -18.9M | -24.4M | -18.1M | -22.8M | -16.2M |
| Net margin | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -12.8M | -15.9M | -15.2M | -14.2M | -22.2M | -16.9M | -17.1M | -20M | -25.8M | -19.8M | -24.2M | -17.4M |
| EPS | — | -0.28 | -0.27 | -0.34 | — | -0.22 | -0.22 | -0.27 | -0.26 | -0.18 | -0.22 | -0.16 |
| Diluted EPS | — | -0.28 | -0.27 | -0.34 | — | -0.22 | -0.22 | -0.27 | -0.26 | -0.18 | -0.22 | -0.16 |
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 | — | — | — | — | — | — | — | — | 221.3M | — | 404.3M |
| Enterprise value | — | — | — | — | — | — | — | — | 96.7M | — | 270.4M |
| Shares outstanding | 495.5K | 825.9K | 1.1M | 1.8M | 5.8M | 7.7M | 18.2M | 51.2M | 51.5M | 76M | 76M |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | — | — | — | -4.24 |
| P/B | — | — | — | — | — | — | — | — | 1.83 | — | 3.74 |
| EV/EBITDA | — | — | — | — | — | — | — | — | -1.43 | — | -3.32 |
| Earnings yield | — | — | — | — | — | — | — | — | — | — | -23.6% |
| FCF yield | — | — | — | — | — | — | — | — | -25.9% | — | -9% |
| PEG | — | — | — | — | — | — | — | — | — | — | 0.1 |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | — | — | — | — | — | 0% |
| Net margin | — | — | — | — | — | — | — | — | — | — | 0% |
| ROE | -170.2% | -237.8% | 753.9% | -1.7K% | -276.1% | -80.1% | -27.5% | -44.6% | -56.6% | -45.9% | -59% |
| ROA | -137% | -190.8% | -1.2K% | -248.5% | -185.4% | -49.1% | -26.9% | -41.9% | -51.6% | -42.4% | -35.3% |
| Return on tangible assets | -138.3% | -192.4% | -1.2K% | -249.7% | -185.4% | -49.1% | -26.9% | -41.9% | -51.6% | -42.4% | -64.9% |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 2.6 | 2.78 | 0.32 | 1.45 | 3.26 | 21.3 | 61.8 | 20.2 | 13.4 | 14.4 | 9.68 |
| Quick ratio | 2.6 | 2.78 | 0.32 | 1.45 | 3.26 | 21.3 | 61.8 | 20.2 | 13.4 | 14.4 | 15.8 |
| Debt / equity | 0.01 | 0 | -0.87 | 0.01 | 0.06 | 0.55 | 0 | 0.02 | 0.02 | 0.01 | 0.01 |
| Debt / assets | 0.01 | 0 | 1.37 | 0 | 0.04 | 0.34 | 0 | 0.02 | 0.02 | 0.01 | 0.01 |
| Net debt / EBITDA | 0.28 | 0.23 | -0.07 | 0.45 | 0.47 | 1.19 | 3.62 | 1.78 | 1.85 | 2.08 | 1.37 |
| Interest coverage | -3K | -12.7K | -42.3 | -5.14 | — | -54.7 | -21.7 | — | — | — | — |
| 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) | -42 | -28.5 | -27 | -18.4 | -3.54 | -2.72 | -2.26 | -1.01 | -1.33 | -0.98 | -0.98 |
| EPS (diluted) | -42 | -28.5 | -27 | -18.4 | -3.54 | -2.72 | -2.32 | -1.01 | -1.33 | -0.98 | -0.8 |
| Book value per share | 17.7 | 10.3 | -3.56 | 0.99 | 1.28 | 3.4 | 8.21 | 2.27 | 2.35 | 2.13 | 1.04 |
| FCF per share | -25.4 | -16.6 | -12.7 | -8.64 | -4.2 | -2.66 | -2.18 | -0.87 | -1.11 | -0.91 | -0.71 |
| Cash per share | 8.2 | 5.43 | 1.48 | 6.51 | 1.73 | 5.35 | 8.27 | 1.99 | 2.47 | 2.21 | 1.11 |
| Capex per share | 4.22 | 0.49 | 1.39 | 0.13 | — | — | 0 | 0 | 0 | — | — |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Capex / operating cash flow | -20% | -3.07% | -8.64% | -1.44% | — | — | 0% | -0.36% | 0% | — | — |
| Payout ratio | — | — | — | — | — | — | — | — | — | — | 0% |
| FY21 | — | -$2.72 | — | — | $0 | — |
| FY20 | — | -$3.54 | — | — | $0 | — |
| FY19 | — | -$18.4 | — | — | $0 | — |
| FY18 | — | -$27 | — | — | $0 | — |
| FY17 | — | -$28.5 | — | — | $0 | — |
| FY16 | — | -$42 | — | — | $0 | — |
| Period | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 | Q3 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 | 4.1M | 4.5M | 1.6M | 11.6M | 10M | 41M | 150.4M | 101.9M | 126.9M | 167.9M |
| Receivables | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 4.5M | 4.9M | 2M | 12.1M | 10.5M | 42M | 152.1M | 104.9M | 128.7M | 171.1M |
| Property, plant & equipment | 6M | 5.3M | 368K | 91K | 416K | 425K | 16K | 139K | 103K | 72K |
| Goodwill & intangibles | 103.2K | 88.6K | 37K | 58K | 0 | — | — | — | — | — |
| Total assets | 10.9M | 10.6M | 2.5M | 12.3M | 11M | 42.6M | 152.4M | 123.7M | 132.7M | 175.5M |
| Accounts payable | 1.5M | 951.2K | 1.9M | 563K | 893K | 1M | 1.1M | 3.3M | 4.9M | 5.8M |
| Short-term debt | 83.1K | 10K | 3.4M | 10K | 245K | 265K | 108K | 541K | 568K | 632K |
| Total current liabilities | 1.7M | 1.8M | 6.2M | 8.4M | 3.2M | 2M | 2.5M | 5.2M | 9.6M | 11.9M |
| Long-term debt | — | — | — | 0 | 165K | 14.2M | 80K | 1.9M | 1.7M | 983K |
| Total liabilities | 2.1M | 2.1M | 6.5M | 10.5M | 3.6M | 16.5M | 2.9M | 7.5M | 11.7M | 13.4M |
| Shareholders' equity | 8.8M | 8.5M | -4M | 1.8M | 7.4M | 26.1M | 149.5M | 116.2M | 121M | 162.1M |
| Total debt | 83.1K | 10K | 3.4M | 10K | 410K | 14.4M | 188K | 2.5M | 2.2M | 1.6M |
| Net debt | -4M | -4.5M | 1.8M | -11.6M | -9.5M | -26.6M | -150.2M | -13.6M | -68.2M | -92.5M |
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 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 | Q3 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 101.9M | 98.7M | 92.6M | 80M | 126.9M | 108.3M | 96.5M | 86.9M | 167.9M | 152.2M | 132.9M | 120.3M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 104.9M | 102.6M | 96.1M | 82.2M | 128.7M | 110.2M | 98.7M | 88.7M | 171.1M | 154.7M | 135.1M | 122M |
| Property, plant & equipment | 139K | 2.1M | 2.2M | 2.1M | 103K | 1.8M | 1.7M | 1.6M | 72K | 64K | 57K | 967K |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 123.7M | 113M | 102.2M | 87.7M | 132.7M | 123.4M | 112M | 94.7M | 175.5M | 158.7M | 138.6M | 125.5M |
| Accounts payable | 3.3M | 2.4M | 3.6M | 3.5M | 4.9M | 2.2M | 3.1M | 6.5M | 5.8M | 3.3M | 3.8M | 3.2M |
| Short-term debt | 541K | 525K | 538K | 552K | 568K | 584K | 599K | 615K | 632K | 650K | 666K | 673K |
| Total current liabilities | 5.2M | 7.2M | 8M | 7M | 9.6M | 8M | 10.6M | 10.5M | 11.9M | 10.2M | 9.5M | 7.7M |
| Long-term debt | 1.9M | 1.8M | 2M | 1.8M | 1.7M | 1.5M | 1.3M | 1.2M | 983K | 804K | 619K | 438K |
| Total liabilities | 7.5M | 9.4M | 10.4M | 16.9M | 11.7M | 10M | 12.4M | 12.2M | 13.4M | 11.5M | 10.6M | 8.6M |
| Shareholders' equity | 116.2M | 103.6M | 91.7M | 70.9M | 121M | 113.4M | 99.6M | 82.6M | 162.1M | 147.2M | 128M | 116.8M |
| Total debt | 2.5M | 2.3M | 2.5M | 2.4M | 2.2M | 2.1M | 1.9M | 1.8M | 1.6M | 1.5M | 1.3M | 1.1M |
| Net debt | -13.6M | -5.7M | -10M | -3.6M | -68.2M | -8.4M | -7M | -12.8M | -92.5M | -7.6M | -10.7M | -10.1M |
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 | -14.9M | -20.3M | -29.9M | -30.4M | -20.3M | -20.9M | -41.1M | -51.8M | -68.5M | -74.4M |
| Depreciation & amortization | 751.3K | 1.1M | 1.1M | 49K | 18K | 13K | 13K | 30K | 36K | 31K |
| Stock-based compensation | 3.8M | 6M | 5.1M | 2.6M | 3.3M | 4M | 3.7M | 7.3M | 7.4M | 7.1M |
| Change in working capital | -121.2K | -152.6K | 747.2K | 7.6M | 330K | 142K | -11K | 2.1M | 1.1M | 1.4M |
| Operating cash flow | -10.5M | -13.3M | -17.9M | -16.1M | -16.4M | -16.4M | -36.7M | -42M | -59.5M | -69.1M |
| Capital expenditure | -2.1M | -407.9K | 1.5M | 231K | — | — | 0 | -153K | 0 | — |
| Investing cash flow | -1.5M | -195.4K | 1.7M | 231K | — | — | 0 | -101.5M | 48.7M | -14.5M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 10.7M | 13.9M | 9.5M | 25M | 22.6M | 51.5M | 102.8M | 11.6M | 48.7M | 85.3M |
| Net change in cash | -1.2M | 438.7K | -6.6M | 9.2M | 6.1M | 35.1M | 66.1M | -131.9M | 37.9M | 1.7M |
| Free cash flow | -12.6M | -13.7M | -14.1M | -15.4M | -24.2M | -20.4M | -39.6M | -44.6M | -57.4M | -69.1M |
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 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 | Q3 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -12.7M | -14.5M | -13.9M | -17.1M | -23M | -15.4M | -15.7M | -18.9M | -24.4M | -18.1M | -22.8M | -16.2M |
| Depreciation & amortization | 9K | 10K | 10K | 9K | 7K | 8K | 8K | 7K | 8K | 8K | 7K | 8K |
| Stock-based compensation | 1.8M | 1.8M | 1.8M | 1.9M | 1.8M | 1.4M | 1.4M | 1.9M | 2.4M | 2.5M | 3.4M | 4.4M |
| Change in working capital | 321K | -836K | 1.2M | -95K | 853K | -2.2M | 991K | 3.4M | -730K | -2.5M | 524K | -587K |
| Operating cash flow | -10.5M | -13.4M | -10.7M | -15.1M | -20.2M | -16M | -13.2M | -13.5M | -22M | -17.4M | -20.3M | -13.7M |
| Capital expenditure | 0 | 0 | 0 | 0 | 0 | — | — | — | — | — | — | — |
| Investing cash flow | -12.4M | 2.6M | 17.8M | 8.7M | 19.7M | -49.4M | 11.5M | 23.1M | 346K | -68.5M | 22.8M | 12.3M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 0 | 0 | 0 | -3K | 49M | 5.4M | -18K | 0 | 79.9M | -35K | 0 | 0 |
| Net change in cash | -22.8M | -10.8M | 7M | -6.4M | 48.4M | -60M | -1.7M | 9.5M | 58.3M | -86M | 2.5M | -1.5M |
| Free cash flow | -11.3M | -10.6M | -13M | -15.2M | -18.5M | -16M | -13.7M | -17.4M | -22M | -17.4M | -20.3M | -13.7M |