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 | -$0.16 | -$0.18 | -12.5% | — | $30K | — |
| Q1 26 | -$0.17 | -$0.17 | 0.0% | — | $14K | — |
| Q4 25 | -$0.19 | -$0.16 | +15.8% | — | $10K | — |
| Q3 25 | -$0.21 | -$0.16 | +23.8% | — | $16K | — |
| Q2 25 | -$0.24 | -$0.16 | +33.3% | — | $17K | — |
| Q1 25 | -$0.21 | -$0.2 | +4.8% | — | $38K | — |
| Q4 24 | -$0.24 | -$0.25 | -4.2% | — | $24K | — |
| Q3 24 | -$0.22 | -$0.24 | -9.1% | — | $29K | — |
| Q2 24 | -$0.26 | -$0.25 | +3.8% | — | $24K | — |
| Q1 24 | -$0.27 | -$0.25 | +7.4% | — | $0 | — |
| Q4 23 | -$0.26 | -$0.25 | +3.8% | — | $41K | — |
| Q3 23 | -$0.34 | -$0.23 | +32.4% | — | $42K | — |
| Q2 23 | -$0.36 | -$0.34 | +5.6% | — | $123K | — |
| Q1 23 | -$0.38 | -$0.34 | +10.5% | — | $100K | — |
| Q4 22 | -$0.37 | -$0.31 | +16.2% | — | $65K | — |
| Q3 22 | -$0.56 | -$0.35 | +37.5% | — | $87K | — |
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 | — | -$0.67 | — | — | $81K | — |
| FY24 | — | -$0.99 | — | — | $77K | — |
| FY23 | — | -$1.16 | — | — | $306K | — |
| FY22 | — | -$1.43 | — | — | $268K | — |
| FY21 | — | -$2.33 |
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 | $36K | $25K | $82K | $268K | $306K | $77K | $81K |
| YoY change | — | -30.6% | +228% | +226.8% | +14.2% | -74.8% | +5.19% |
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 |
|---|
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 | 36K | 25K | 82K | 268K | 306K | 77K | 81K |
| Cost of revenue | 18K | 11K | 37K | 193K | 210K | 82K | 164K |
| Gross profit | 18K | 14K | 45K | 75K | 96K | -5K | -83K |
| Gross margin | 50% | 56% | 54.9% | 28% | 31.4% | -6.49% | -102.5% |
| Research & development | 9.4M | 7.8M | 11M | 14.2M | 15.2M | 14.7M | 13.2M |
| Selling, general & administrative | 7.2M | 10.2M | 24.4M | 31.5M | 24.7M | 21.9M | 23.3M |
| Operating expenses | 16.6M | 18M | 35.4M | 45.7M | 39.9M | 36.6M | 36.4M |
| Operating income | -16.6M | -18M | -35.4M | -45.7M | -39.8M | -36.6M | -36.5M |
| Operating margin | -46K% | -71.9K% | -43.2K% | -17K% | -13K% | -47.6K% | -45.1K% |
| Non-operating income, net | 1.9M | -80K | 987K | 1.1M | 2M | 1M | 332K |
| Pretax income | -16.5M | -19.8M | -35M | -44.2M | -36.2M | -32.9M | -31.9M |
| Income tax | — | — | — | — | — | — | — |
| Net income | -16.5M | -19.8M | -35M | -44.2M | -36.2M | -32.9M | -31.9M |
| Net margin | -45.9K% | -79.4K% | -42.7K% | -16.5K% | -11.8K% | -42.7K% | -39.4K% |
| EBITDA | -13.6M | -17M | -34.6M | -44.4M | -37.3M | -33.1M | -31.3M |
| EPS | -0.96 | -1.1 | -2.33 | -1.43 | -1.16 | -0.99 | -0.67 |
| Diluted EPS | -0.96 | -1.1 | -2.33 | -1.43 | -1.16 | -0.99 | -0.67 |
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 | 42K | 41K | 0 | 24K | 29K | 24K | 38K | 17K | 16K | 10K | 14K | 30K |
| Cost of revenue | 44K | 24K | 17K | 20K | 13K | 32K | 40K | 41K | 41K | 42K | 42K | 50K |
| Gross profit | -2K | 17K | -17K | 4K | 16K | -8K | -2K | -24K | -25K | -32K | -28K | -20K |
| Gross margin | -4.76% | 41.5% | — | 16.7% | 55.2% | -33.3% | -5.26% | -141.2% | -156.3% | -320% | -200% | -66.7% |
| Research & development | 3.5M | 3.9M | 3.7M | 4.4M | 3.5M | 3.1M | 3.3M | 3.3M | 3.3M | 3.2M | 3M | 3.5M |
| Selling, general & administrative | 4.6M | 5M | 5.4M | 4.9M | 5.4M | 6.3M | 5.9M | 6M | 5.7M | 5.7M | 6.3M | 6.5M |
| Operating expenses | 8.2M | 8.9M | 9.1M | 9.3M | 8.9M | 9.4M | 9.2M | 9.3M | 9M | 8.9M | 9.3M | 10M |
| Operating income | -8.2M | -8.8M | -9.1M | -9.3M | -8.9M | -9.4M | -9.3M | -9.3M | -9M | -9M | -9.4M | -10M |
| Operating margin | -19.5K% | -21.6K% | — | -38.6K% | -30.6K% | -39.3K% | -24.3K% | -54.8K% | -56.1K% | -89.5K% | -66.9K% | -33.3K% |
| Non-operating income, net | 514K | 361K | 339K | 287K | 215K | 177K | 146K | 82K | 66K | 38K | 26K | 47K |
| Pretax income | -7.2M | -7.9M | -8.1M | -8.3M | -7.9M | -8.6M | -8.2M | -8M | -7.8M | -7.9M | -8.4M | -9.1M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — |
| Net income | -7.2M | -7.9M | -8.1M | -8.3M | -7.9M | -8.6M | -8.2M | -8M | -7.8M | -7.9M | -8.4M | -9.1M |
| Net margin | -17.2K% | -19.3K% | — | -34.6K% | -27.3K% | -35.7K% | -21.5K% | -47.3K% | -48.8K% | -78.8K% | -60K% | -30.5K% |
| EBITDA | -7.5M | -8.1M | -8.2M | -8.4M | -7.9M | -8.5M | -8.1M | -7.9M | -7.6M | -7.7M | -8.2M | -9M |
| EPS | -0.23 | — | -0.25 | -0.25 | -0.24 | -0.25 | -0.2 | -0.16 | -0.16 | -0.16 | -0.17 | -0.18 |
| Diluted EPS | -0.23 | — | -0.25 | -0.25 | -0.24 | -0.25 | -0.2 | -0.16 | -0.16 | -0.16 | -0.17 | -0.18 |
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 | — | — | — | — | 186.6M | 269.9M | — | 79.7M |
| Enterprise value | — | — | — | — | 139.4M | 224.5M | — | 37M |
| Shares outstanding | 17.2M | 18.1M | 15M | 30.9M | 31.2M | 33.2M | 47.7M | 47.7M |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | -3.01 |
| P/S | — | — | — | — | 609.7 | 3.5K | — | 1.1K |
| P/B | — | — | — | — | 2.66 | 5.65 | — | 1.35 |
| EV/EBITDA | — | — | — | — | -3.74 | -6.79 | — | -1.01 |
| EV/Sales | — | — | — | — | 455.4 | 2.9K | — | 529 |
| Earnings yield | — | — | — | — | — | — | — | -33.3% |
| FCF yield | — | — | — | — | -14.6% | -5.67% | — | -23.7% |
| PEG | — | — | — | — | — | — | — | -0.24 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Gross margin | 50% | 56% | 54.9% | 28% | 31.4% | -6.49% | -102.5% | -66.7% |
| Operating margin | -46K% | -71.9K% | -43.2K% | -17K% | -13K% | -47.6K% | -45.1K% | -33.3K% |
| Net margin | -45.9K% | -79.4K% | -42.7K% | -16.5K% | -11.8K% | -42.7K% | -39.4K% | -102.5% |
| ROE | 15.5% | 15.8% | -25.3% | -44.7% | -51.7% | -68.8% | -42.3% | -45% |
| ROA | -71% | -134.1% | -23.8% | -38% | -38% | -45.3% | -31.3% | -23.5% |
| Return on tangible assets | -71% | -134.1% | -23.8% | -38% | -38% | -46.6% | -31.9% | -39.1% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Current ratio | 3.65 | 1.22 | 13.1 | 5.8 | 2.51 | 1.92 | 1.69 | 1.98 |
| Quick ratio | 3.65 | 1.22 | 13.1 | 5.8 | 2.51 | 1.92 | 1.69 | 1.98 |
| Debt / equity | -0.09 | -0.07 | 0 | 0.03 | 0.03 | 0.02 | 0.03 | 0.05 |
| Debt / assets | 0.4 | 0.59 | 0 | 0.02 | 0.02 | 0.01 | 0.02 | 0.03 |
| Net debt / EBITDA | 0.89 | 0.29 | 3.03 | 1.8 | 1.27 | 1.37 | 1.18 | 1.34 |
| Interest coverage | -7.38 | -9.79 | -45.9 | -723.4 | -657.9 | -1.2K | -3.5K | -4.7K |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 0.01 | 0.01 | 0.01 | 0 | 0 | 0 |
| EPS (basic) | -0.96 | -1.1 | -2.33 | -1.43 | -1.16 | -0.99 | -0.67 | -0.67 |
| EPS (diluted) | -0.96 | -1.1 | -2.33 | -1.43 | -1.16 | -0.99 | -0.67 | -0.66 |
| Book value per share | -6.2 | -6.93 | 9.24 | 3.2 | 2.25 | 1.44 | 1.58 | 1.51 |
| FCF per share | -1.13 | -0.94 | -2.2 | -1.14 | -0.88 | -0.46 | -0.55 | -0.56 |
| Cash per share | 1.24 | 0.75 | 7.01 | 2.67 | 1.57 | 1.39 | 0.82 | 1.18 |
| Capex per share | 0 | 0.01 | 0.09 | 0.03 | 0.01 | 0 | — | — |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Capex / revenue | 16.7% | 596% | 1.6K% | 289.2% | 59.8% | 72.7% | — | — |
| Capex / operating cash flow | -0.04% | -0.88% | -4.33% | -2.24% | -0.76% | -0.44% | — | — |
| Payout ratio | — | — | — | — | — | — | — | 0% |
| — |
| — |
| $82K |
| — |
| FY20 | — | -$1.1 | — | — | $25K | — |
| FY19 | — | -$0.96 | — | — | $36K | — |
| Q1 24 |
|---|
| Q2 24 |
|---|
| Q3 24 |
|---|
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $42K | $41K | $0 | $24K | $29K | $24K | $38K | $17K | $16K | $10K | $14K | $30K |
| YoY change | -51.7% | -36.9% | -100% | -80.5% | -31% | -41.5% | +InfinityT% | -29.2% | -44.8% | -58.3% | -63.2% | +76.5% |
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 | 21.4M | 13.5M | 105.1M | 82.7M | 49.1M | 46.2M | 39.2M |
| Receivables | 1K | 2K | 27K | 113K | 160K | 34K | 12K |
| Inventory | — | — | — | — | — | — | — |
| Total current assets | 21.6M | 13.7M | 110.3M | 90.1M | 61.3M | 47.6M | 40.8M |
| Property, plant & equipment | 1.6M | 965K | 1.8M | 3.1M | 2M | 1.2M | 1.1M |
| Goodwill & intangibles | — | — | — | — | — | 2.1M | 1.8M |
| Total assets | 23.3M | 14.8M | 147M | 116.3M | 95.4M | 72.6M | 101.9M |
| Accounts payable | 748K | 441K | 1.2M | 1.5M | 1M | 2M | 862K |
| Short-term debt | 3.7M | 8.2M | 74K | 983K | 1M | 838K | 2K |
| Total current liabilities | 5.9M | 11.2M | 8.4M | 15.5M | 24.4M | 24.8M | 24.2M |
| Long-term debt | 5.6M | 475K | 54K | 1.8M | 840K | 2K | 2.3M |
| Total liabilities | 129.9M | 140.4M | 8.5M | 17.4M | 25.3M | 24.8M | 26.5M |
| Shareholders' equity | -106.6M | -125.6M | 138.6M | 98.9M | 70.2M | 47.8M | 75.4M |
| Total debt | 9.3M | 8.7M | 128K | 2.8M | 1.9M | 840K | 2.3M |
| Net debt | -12.1M | -4.9M | -58.8M | -27M | -2M | -3.2M | -1.6M |
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 | 46.1M | 49.1M | 53M | 50.9M | 49.8M | 46.2M | 46.2M | 40.2M | 43.3M | 39.2M | 47.4M | 46.4M |
| Receivables | 155K | 160K | 117K | 101K | 79K | 34K | 25K | 17K | 14K | 12K | 11K | 10K |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 47.5M | 61.3M | 53.8M | 51.5M | 51.1M | 47.6M | 47.3M | 40.9M | 44.5M | 40.8M | 49.7M | 48.1M |
| Property, plant & equipment | 2.2M | 2M | 1.8M | 2.5M | 2.2M | 1.2M | 1.3M | 1.2M | 1M | 1.1M | 1.1M | 1.4M |
| Goodwill & intangibles | — | — | — | 697K | 992K | 2.1M | 2M | 1.9M | 1.9M | 1.8M | 1.8M | 1.8M |
| Total assets | 90.1M | 95.4M | 89.9M | 84.9M | 79M | 72.6M | 118.2M | 111.8M | 108.1M | 101.9M | 93.5M | 86.7M |
| Accounts payable | 1.2M | 1M | 1M | 952K | 1.4M | 2M | 1.2M | 1.1M | 1M | 862K | 767K | 1.2M |
| Short-term debt | 1M | 1M | 1M | 1M | 932K | 838K | 568K | 351K | 3K | 2K | — | — |
| Total current liabilities | 13.5M | 24.4M | 24.6M | 24.8M | 24.2M | 24.8M | 23.4M | 23.6M | 23.5M | 24.2M | 23.4M | 24.4M |
| Long-term debt | 1.1M | 840K | 568K | 351K | 168K | 2K | 0 | 0 | 2.4M | 2.3M | 2.5M | 3M |
| Total liabilities | 14.6M | 25.3M | 25.1M | 25.1M | 24.4M | 24.8M | 23.4M | 23.6M | 25.9M | 26.5M | 25.9M | 27.4M |
| Shareholders' equity | 75.4M | 70.2M | 64.8M | 59.8M | 54.7M | 47.8M | 94.8M | 88.2M | 82.2M | 75.4M | 67.6M | 59.4M |
| Total debt | 2.1M | 1.9M | 1.6M | 1.4M | 1.1M | 840K | 568K | 351K | 2.4M | 2.3M | 2.5M | 3M |
| Net debt | -7.6M | -2M | -2.6M | -3.3M | -1.6M | -3.2M | -4.7M | -4.7M | -1.6M | -1.6M | -1.7M | -1.4M |
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 | -16.5M | -19.8M | -35M | -44.2M | -36.2M | -32.9M | -31.9M |
| Depreciation & amortization | 946K | 895K | 659K | 756K | 900K | 833K | 940K |
| Stock-based compensation | 438K | 726K | 3.1M | 5.1M | 5.3M | 7M | 5.1M |
| Change in working capital | -626K | -423K | 448K | 3.3M | 5.4M | 11.9M | -876K |
| Operating cash flow | -16.2M | -17M | -30.1M | -34.6M | -24.2M | -12.7M | -25.6M |
| Capital expenditure | -6K | -149K | -1.3M | -775K | 183K | -56K | — |
| Investing cash flow | -6K | -149K | -82.6M | 5.6M | 438K | 12.8M | -27.8M |
| Dividends paid | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — |
| Financing cash flow | 33M | 9M | 157.9M | -303K | -466K | -440K | 53.4M |
| Net change in cash | 16.8M | -8.1M | 45.3M | -29.3M | -24.2M | -346K | 17K |
| Free cash flow | -19.4M | -17M | -32.9M | -35.4M | -27.3M | -15.3M | -26.3M |
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 | -7.2M | -7.9M | -8.1M | -8.3M | -7.9M | -8.6M | -8.2M | -8M | -7.8M | -7.9M | -8.4M | -9.1M |
| Depreciation & amortization | 216K | 212K | 213K | 208K | 201K | 211K | 216K | 237K | 243K | 244K | 193K | 191K |
| Stock-based compensation | 1.2M | 1.3M | 1.7M | 2M | 1.7M | 1.6M | 1.5M | 1.3M | 1.3M | 1M | 835K | 823K |
| Change in working capital | 25K | -299K | 11.3M | -1K | 135K | 405K | -989K | 55K | 154K | -96K | -74K | 798K |
| Operating cash flow | -5.7M | -5.8M | 5.3M | -5.9M | -5.8M | -6.3M | -7.3M | -5.5M | -6.5M | -6.1M | -8.8M | -6.3M |
| Capital expenditure | 16K | -16K | -15K | -7K | -26K | -8K | -3K | — | — | — | — | — |
| Investing cash flow | -15.2M | 374K | -5M | 5.1M | 5.2M | 7.4M | -44.8M | 5.5M | 5.3M | 6.2M | 9M | 6.4M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | -116K | -110K | -108K | -109K | -111K | -112K | 53.5M | -58K | -20K | -1K | -2K | 0 |
| Net change in cash | -21M | -5.5M | 168K | -877K | -678K | 1M | 1.4M | -9K | -1.2M | 99K | 217K | 135K |
| Free cash flow | -7.6M | -6.8M | 4.3M | -5.9M | -7.3M | -6.3M | -7.6M | -5.8M | -6.6M | -6.5M | -8.8M | -6.4M |