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 | — |
| FY24 | — | — | — | — | $0 | — |
| FY23 | — | — | — | — | $0 | — |
| FY22 | — | — | — | — | $0 | — |
| FY21 | — | — | — | — | $0 | — |
| FY20 | — | — | — | — | $0 | — |
| FY19 | — | — | — | — | $3.4M | — |
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 | $3.4M | $0 | $0 | $0 | $0 | $0 | $0 |
| YoY change | — | -100% | 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.
| 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 | 3.4M | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — |
| Research & development | 8M | 27.9M | 57.2M | 36.4M | 16.5M | 30.3M | 34.4M |
| Selling, general & administrative | 4.1M | 6.8M | 17.1M | 16.4M | 23.8M | 14M | 14.6M |
| Operating expenses | 12.1M | -20.6M | 13.4M | 28.9M | 38.1M | 42.9M | 49M |
| Operating income | -8.7M | 20.6M | -13.4M | -28.9M | -38.1M | -42.9M | -49M |
| Operating margin | -252% | — | — | — | — | — | — |
| Non-operating income, net | 2.6K | 4K | -3.5M | 10.4M | -4.4M | 7.8M | 61M |
| Pretax income | -9M | 20.1M | -17.1M | -18.7M | -42.2M | -34.1M | 13.3M |
| Income tax | — | — | 0 | 25.6K | 0 | — | — |
| Net income | -9M | 20.1M | -17.1M | -18.7M | -42.2M | -34.1M | 13.3M |
| Net margin | -261.1% | — | — | — | — | — | — |
| EBITDA | -8.2M | 21.1M | -11.7M | -25.5M | -33.3M | -34.4M | -46.2M |
| EPS | — | — | — | — | — | — | — |
| Diluted EPS | — | — | — | — | — | — | — |
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 | 4M | 4.3M | 8.1M | 6.8M | 7.8M | 7.7M | 7.7M | 7M | 9M | 10.7M | 13.4M | 16.2M |
| Selling, general & administrative | 2.6M | 14.9M | 4.2M | 3.6M | 3.5M | 2.5M | 3.1M | 2.7M | 3.7M | 5M | 6.6M | 7.2M |
| Operating expenses | 5.3M | 18.9M | 11.4M | 10.2M | 11.3M | 10M | 10.8M | 9.7M | 12.7M | 15.8M | 20M | 23.4M |
| Operating income | -5.3M | -18.9M | -11.4M | -10.2M | -11.3M | -10M | -10.8M | -9.7M | -12.7M | -15.8M | -20M | -23.4M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | 275.9K | -4.4M | 5.9M | 2.6M | 760.8K | -1.5M | 5.6M | -331.4K | 57.5M | -1.7M | 144.4K | -761K |
| Pretax income | -5.1M | -22.9M | -5M | -7.3M | -10.3M | -11.4M | -5.2M | -10.1M | 45.4M | -16.9M | -18.9M | -22.5M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — |
| Net income | -5.1M | -22.9M | -5M | -7.3M | -10.3M | -11.4M | -5.2M | -10.1M | 45.4M | -16.9M | -18.9M | -22.5M |
| Net margin | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -4.2M | -17.1M | -8.4M | -8.4M | -9.3M | -8.2M | -9.4M | -8.6M | -15.3M | -12.8M | -17.6M | -20.5M |
| EPS | — | — | — | — | — | — | — | — | — | — | — | — |
| Diluted EPS | — | — | — | — | — | — | — | — | — | — | — | — |
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 | — | — | — | — | — | — | — | 0 |
| Enterprise value | — | — | — | — | — | — | — | -4.6M |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | 0.05 |
| P/B | — | — | — | — | — | — | — | 0.01 |
| EV/EBITDA | — | — | — | — | — | — | — | 0.1 |
| Earnings yield | — | — | — | — | — | — | — | 2K% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Operating margin | -252% | — | — | — | — | — | — | 0% |
| Net margin | -261.1% | — | — | — | — | — | — | 0% |
| ROE | 389.8% | 51.6% | -44.5% | -60.3% | -73.6% | -131.3% | 8.76% | -11.3% |
| ROA | -49.9% | 35.6% | -21.1% | -36.8% | -50.3% | -77.2% | 7.68% | -33.5% |
| ROIC | — | — | -96.6% | -131.8% | -573.4% | — | — | — |
| Return on tangible assets | -49.9% | 35.6% | -21.1% | -36.8% | -50.3% | -77.2% | 7.68% | -5.36% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Current ratio | 2.01 | 3.11 | 1.9 | 1.47 | 5.45 | 2.98 | 9.46 | 9.22 |
| Quick ratio | 2.01 | 3.11 | 1.9 | 1.47 | 5.45 | 2.98 | 9.46 | 9.22 |
| Debt / equity | -3.31 | 0.21 | 0.22 | 0.19 | 0.1 | 0.18 | 0.04 | 0.02 |
| Debt / assets | 0.42 | 0.14 | 0.1 | 0.12 | 0.07 | 0.11 | 0.03 | 0.02 |
| Net debt / EBITDA | -0.16 | -0.21 | 2.11 | 0.36 | 1.52 | 0.47 | 1.96 | 1.47 |
| Interest coverage | -20 | 43.9 | -57.2 | -61.1 | -132.8 | -106.1 | 56.2 | -54.2 |
| Effective tax rate | — | — | 0% | 0% | 0% | — | — | — |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| EPS (diluted) | — | — | — | — | — | — | — | 0.29 |
| Book value per share | — | — | — | — | — | — | — | 2.57 |
| FCF per share | — | — | — | — | — | — | — | -0.35 |
| Cash per share | — | — | — | — | — | — | — | 1.13 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Capex / revenue | 17.7% | — | — | — | — | — | — | — |
| Capex / operating cash flow | -6.54% | 130.7% | -302.6% | -18.7% | -0.55% | -1.25% | — | — |
| 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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 6.3M | 12.6M | 33.2M | 15M | 56.6M | 20.8M | 96.6M |
| Receivables | 2.8M | 20.6M | 8M | 5.6M | 0 | — | — |
| Inventory | — | — | — | — | — | — | — |
| Total current assets | 9.3M | 34.5M | 50.2M | 22.1M | 58.9M | 23.8M | 101.1M |
| Property, plant & equipment | 8.7M | 22.1M | 30.9M | 28.3M | 24.7M | 19.9M | 19.4M |
| Goodwill & intangibles | — | — | — | — | — | — | — |
| Total assets | 18M | 56.5M | 81.1M | 50.9M | 83.9M | 44.2M | 172.8M |
| Accounts payable | 2.2M | 7.4M | 4.5M | 3.7M | 945.9K | 1.7M | 3.1M |
| Short-term debt | 1.9M | 1.7M | 3.1M | 1.4M | 1.9M | 811.8K | 951.4K |
| Total current liabilities | 4.6M | 11.1M | 26.5M | 15M | 10.8M | 8M | 10.7M |
| Long-term debt | 5.7M | 6.5M | 5.4M | 4.5M | 4.1M | 3.9M | 5M |
| Total liabilities | 20.3M | 17.5M | 42.6M | 19.8M | 26.6M | 18.2M | 21.3M |
| Shareholders' equity | -2.3M | 39M | 38.5M | 31.1M | 57.3M | 26M | 151.5M |
| Total debt | 7.6M | 8.1M | 8.5M | 5.9M | 5.9M | 4.7M | 6M |
| Net debt | 1.3M | -4.5M | -24.7M | -9.1M | -50.7M | -4.2M | -4.6M |
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 | 2.4M | 56.6M | 44.1M | 37.3M | 30.4M | 20.8M | 12.9M | 5.7M | 110.9M | 96.6M | 107.4M | 102.6M |
| Receivables | 0 | 0 | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 3.1M | 58.9M | 47M | 39.6M | 32.5M | 23.8M | 16.3M | 9.3M | 113.3M | 101.1M | 112.8M | 107.9M |
| Property, plant & equipment | 24.8M | 24.7M | 22.6M | 21.8M | 20.7M | 19.9M | 21.4M | 20.4M | 19.4M | 19.4M | 20.2M | 19.6M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 28.3M | 83.9M | 71.4M | 61.9M | 53.8M | 44.2M | 38.1M | 30.1M | 183.4M | 172.8M | 248.5M | 238.2M |
| Accounts payable | 1.1M | 945.9K | 1.2M | 1.2M | 1.3M | 1.7M | 2.5M | 2.6M | 3M | 3.1M | 3.5M | 3.9M |
| Short-term debt | 1.2M | 1.9M | 1.5M | 1.2M | 524.7K | 811.8K | 1.1M | 963.2K | 988.3K | 951.4K | 920.7K | 641K |
| Total current liabilities | 9.2M | 10.8M | 8.3M | 7.6M | 8.8M | 8M | 9.7M | 10.7M | 10.8M | 10.7M | 9.9M | 11.7M |
| Long-term debt | 3.5M | 4.1M | 3.9M | 4.1M | 4M | 3.9M | 5.7M | 5.5M | 5.2M | 5M | 5.3M | 4.5M |
| Total liabilities | 13.1M | 26.6M | 18.5M | 15.8M | 16.9M | 18.2M | 16.7M | 18.1M | 18.4M | 21.3M | 21.2M | 23.4M |
| Shareholders' equity | 15.3M | 57.3M | 52.8M | 46.1M | 36.9M | 26M | 21.4M | 12M | 165.1M | 151.5M | 227.2M | 214.8M |
| Total debt | 4.7M | 5.9M | 5.5M | 5.3M | 4.5M | 4.7M | 6.8M | 6.4M | 6.2M | 6M | 6.2M | 5.1M |
| Net debt | 2.2M | -50.7M | -8.6M | -11.9M | -4.7M | -4.2M | 1.1M | 2.7M | -23.2M | -4.6M | -14.3M | -3.1M |
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 | -9M | 20.1M | -17.1M | -18.7M | -42.2M | -34.1M | 13.3M |
| Depreciation & amortization | 323.4K | 548.2K | 1.7M | 3.3M | 3.7M | 4.8M | 3.1M |
| Stock-based compensation | 371.4K | 1.3M | 2.3M | 2.7M | 2.4M | 2.9M | 5.2M |
| Change in working capital | -1M | -12.2M | 9.6M | 1.6M | 4.6M | -477.5K | 658.4K |
| Operating cash flow | -9.3M | 9.7M | -3.6M | -11.2M | -27.7M | -27.1M | -44.8M |
| Capital expenditure | -608.7K | -12.7M | -10.9M | -2.1M | -152.7K | -337.3K | — |
| Investing cash flow | -608.7K | -12.7M | -10.9M | -2.1M | -152.7K | -12M | -120.8M |
| Dividends paid | — | — | — | — | — | — | — |
| Share repurchases | — | — | 0 | -5.5M | 0 | — | — |
| Financing cash flow | 3.7M | 9M | 35.9M | 35.3M | 7.1M | -1.2M | 168M |
| Net change in cash | -6.2M | 6M | 21.3M | 22M | -20.8M | -40.2M | 2.5M |
| Free cash flow | -9.8M | -2.7M | -9M | -25.6M | -25.3M | -34.6M | -45.7M |
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 | -5.1M | -22.9M | -5M | -7.3M | -10.3M | -11.4M | -5.2M | -10.1M | 45.4M | -16.9M | -18.9M | -22.5M |
| Depreciation & amortization | 985.4K | 944.4K | 2M | 1.1M | 966.9K | 785.7K | 778.3K | 774.5K | 766.3K | 763.3K | 752.7K | 834.3K |
| Stock-based compensation | 639.2K | 536.9K | 617.4K | 601.4K | 1M | 674.1K | 613K | 627.2K | 800.9K | 3.2M | 5.5M | 7.2M |
| Change in working capital | -1.1M | -418.3K | -904.9K | -347.5K | 294.9K | 494.3K | 772.5K | 164.2K | -223.7K | -62.3K | -568.4K | 222.4K |
| Operating cash flow | -4.6M | -18.2M | -3.4M | -6.1M | -8.1M | -9.5M | -3.1M | -7.2M | -13M | -16.8M | -14.3M | -9.8M |
| Capital expenditure | -40.9K | -67.9K | -129.1K | -52.5K | -100.3K | -55.4K | 500 | — | — | — | — | — |
| Investing cash flow | -40.9K | -67.9K | -31.4M | 11.2M | -1.2M | 9.3M | 4.7M | 5.2M | -129.9M | -773K | -64.7M | -3.3M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | 0 | 0 | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | -142.7K | -287.4K | -630.2K | -540.7K | -674.1K | -299K | -311.3K | -312.4K | 168.7M | -41.7K | 86.8M | 1.8M |
| Net change in cash | -4.8M | -18.6M | -35.4M | 4.6M | -9.9M | -428.1K | 1.3M | -2.3M | 25.8M | -17.6M | 7.9M | -11.4M |
| Free cash flow | -5.3M | -13.5M | -10.9M | -7.8M | -6.4M | -9.6M | -7.8M | -7.2M | -13M | -17.7M | -15.3M | -11.4M |