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 | -$0.59 | -$0.59 | 0.0% | — | $3.2M | — |
| Q1 26 | -$0.51 | -$0.5 | +2.0% | — | $3M | — |
| Q4 25 | -$0.44 | -$0.34 | +22.7% | — | $882K | — |
| Q3 25 | -$0.26 | -$0.4 | -53.8% | — | $687K | — |
| Q2 25 | -$0.17 | -$0.24 | -41.2% | — | $642K | — |
| Q1 25 | -$0.15 | -$0.16 | -6.7% | — | $440.5K | — |
| Q4 24 | -$0.13 | -$0.23 | -76.9% | — | $175.8K | — |
| Q3 24 | -$0.11 | -$0.14 | -27.3% | — | $221.6K | — |
| Q2 24 | -$0.25 | -$0.27 | -8.0% | — | $468.4K | — |
| Q3 20 | $0.22 | $0.26 | +18.2% | — | — | — |
| Q2 20 | $0.35 | $0.4 | +14.3% | — | — | — |
| Q1 20 | $0.18 | $0.08 | -55.6% | — | — | — |
| Q4 19 | $0.2 | $0.22 | +10.0% | — | — | — |
| Q3 19 | $0.32 | $0.31 | -3.1% | — | — | — |
| Q2 19 | $0.48 | $0.5 | +4.2% | — | — | — |
| Q1 19 | $0.31 | $0.33 | +6.5% | — | — | — |
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 | — | -$1.63 | — | — | $2.7M | — |
| FY24 | — | -$1.07 | — | — | $1.8M | — |
| FY23 | — | -$0.67 | — | — | $207.5K | — |
| FY22 | — | -$0.59 | — | — | $107.8K | — |
| FY21 | — | -$0.88 | — | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $0 | $107.8K | $207.5K | $1.8M | $2.7M |
| YoY change | — | +InfinityT% | +92.5% | +773.3% | +46.3% |
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 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 |
|---|
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 0 | 107.8K | 207.5K | 1.8M | 2.7M |
| Cost of revenue | 0 | 1.1M | 1.7M | 1.9M | 18M |
| Gross profit | 0 | -1M | -1.5M | -75.2K | -15.4M |
| Gross margin | — | -965.1% | -733.7% | -4.15% | -580.2% |
| Research & development | 7.1M | 13.6M | 9.9M | 24.3M | 45.3M |
| Selling, general & administrative | 2.6M | 4.3M | 5.2M | 10.7M | 40M |
| Operating expenses | 10.6M | 19.9M | 17.7M | 38.2M | 97.4M |
| Operating income | -10.6M | -21M | -19.3M | -38.3M | -112.8M |
| Operating margin | — | -19.4K% | -9.3K% | -2.1K% | -4.3K% |
| Non-operating income, net | -11M | -265.7K | -3.3M | -221.6K | 484K |
| Pretax income | -21.7M | -21.9M | -24.8M | -39.2M | -105M |
| Income tax | 0 | 0 | 0 | 0 | -3.7M |
| Net income | -21.7M | -21.9M | -24.8M | -39.2M | -101.4M |
| Net margin | — | -20.3K% | -12K% | -2.2K% | -3.8K% |
| EBITDA | -10.6M | -20.6M | -17.4M | -37.8M | -97.2M |
| EPS | -0.88 | -0.59 | -0.67 | -1.07 | -1.63 |
| Diluted EPS | -0.88 | -0.59 | -0.67 | -1.07 | -1.63 |
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 | 62.6K | 42.7K | 946.7K | 468.4K | 221.6K | 175.8K | 440.5K | 642K | 687K | 882K | 3M | 3.2M |
| Cost of revenue | 572.5K | 399.1K | 352.4K | 326K | 377.3K | 831.9K | 1.9M | 3.5M | 5.1M | 7.6M | 12M | 12M |
| Gross profit | -510K | -356.4K | 594.3K | 142.4K | -155.7K | -656K | -1.5M | -2.9M | -4.4M | -6.7M | -9M | -8.8M |
| Gross margin | -815.1% | -834.2% | 62.8% | 30.4% | -70.3% | -373.1% | -333.4% | -445.3% | -637.4% | -756.8% | -301.6% | -271.1% |
| Research & development | 3M | 2.8M | 6.6M | 5.8M | 5M | 6.8M | 6.9M | 9.1M | 13.4M | 15.9M | 19M | 20.3M |
| Selling, general & administrative | 1.5M | 1.3M | 1.1M | 2M | 2.4M | 5.1M | 5M | 8.5M | 14M | 12.5M | 16.8M | 29.1M |
| Operating expenses | 5.1M | 5M | 8.3M | 8.7M | 8.3M | 12.9M | 13.5M | 19.8M | 30.4M | 33.6M | 42.8M | 57.3M |
| Operating income | -5.6M | -5.3M | -7.7M | -8.6M | -8.4M | -13.6M | -15M | -22.6M | -34.8M | -40.3M | -51.8M | -66.1M |
| Operating margin | -8.9K% | -12.5K% | -814.6% | -1.8K% | -3.8K% | -7.7K% | -3.4K% | -3.5K% | -5.1K% | -4.6K% | -1.7K% | -2K% |
| Non-operating income, net | -584.8K | — | — | -221.6K | — | 0 | — | — | 89K | 395K | 24K | -25K |
| Pretax income | -7.6M | -8.9M | -9M | -9M | -8M | -13.1M | -13.2M | -20.9M | -33M | -37.9M | -49.7M | -64.2M |
| Income tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -3.7M | -648K | -36K |
| Net income | -7.6M | -8.9M | -9M | -9M | -8M | -13.1M | -13.2M | -20.9M | -33M | -34.3M | -49M | -64.1M |
| Net margin | -12.2K% | -20.7K% | -954.7% | -1.9K% | -3.6K% | -7.5K% | -3K% | -3.2K% | -4.8K% | -3.9K% | -1.6K% | -2K% |
| EBITDA | -4.5M | -8.1M | -7.7M | -8.5M | -8.4M | -13.3M | -12.7M | -20M | -31M | -33.4M | -43.4M | -57.6M |
| EPS | -0.21 | — | -0.37 | -0.25 | -0.2 | -0.36 | -0.23 | -0.36 | -0.54 | -0.46 | -0.65 | -0.8 |
| Diluted EPS | -0.21 | — | -0.37 | -0.25 | -0.2 | -0.36 | -0.23 | -0.36 | -0.54 | -0.46 | -0.65 | -0.8 |
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 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Market cap | 1.1B | — | — | 494.9M | — | 401.5M |
| Enterprise value | 1.1B | — | — | 374M | — | 158.2M |
| Shares outstanding | 24.7M | 36.9M | 36.9M | 36.7M | 62.3M | 62.3M |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | -2.86 |
| P/S | — | — | — | 273 | — | 50.5 |
| P/B | 134.4 | — | — | 3.76 | — | 1.12 |
| EV/EBITDA | -104.9 | — | — | -9.9 | — | -0.92 |
| EV/Sales | — | — | — | 206.3 | — | 20.3 |
| Earnings yield | — | — | — | — | — | -35% |
| FCF yield | -0.97% | — | — | -6.42% | — | -22.5% |
| PEG | — | — | — | — | — | -0.02 |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Gross margin | — | -965.1% | -733.7% | -4.15% | -580.2% | -271.1% |
| Operating margin | — | -19.4K% | -9.3K% | -2.1K% | -4.3K% | -2K% |
| Net margin | — | -20.3K% | -12K% | -2.2K% | -3.8K% | -580.2% |
| ROE | -260.4% | 175.5% | 615.2% | -29.8% | -28.9% | -64.6% |
| ROA | -250.3% | -255.8% | -884.8% | -28.1% | -27.6% | -39.9% |
| ROIC | -3K% | 272.7% | -5.8K% | -355.9% | -92% | -153% |
| Return on tangible assets | -250.3% | -255.8% | -884.8% | -28.1% | -37% | -71.1% |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Current ratio | 25.1 | 0.88 | 0.23 | 18.4 | 18.1 | 12.8 |
| Quick ratio | 23.7 | 0.72 | 0.11 | 18.4 | 18.1 | 12.8 |
| Debt / equity | 0 | -0.6 | -1.08 | 0.02 | 0.01 | 0.03 |
| Debt / assets | 0 | 0.88 | 1.56 | 0.02 | 0.01 | 0.03 |
| Net debt / EBITDA | 0.75 | -0.23 | -0.25 | 3.2 | 2.35 | 1.36 |
| Interest coverage | — | -33.3 | -9.96 | — | -35K | -35K |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 0.01 | 0.05 | 0.04 | 0.11 |
| EPS (basic) | -0.88 | -0.59 | -0.67 | -1.07 | -1.63 | -1.63 |
| EPS (diluted) | -0.88 | -0.59 | -0.67 | -1.07 | -1.63 | -2.48 |
| Book value per share | 0.34 | -0.34 | -0.11 | 3.59 | 5.63 | 4.07 |
| FCF per share | -0.44 | -0.68 | -0.43 | -0.87 | -1.89 | -2.11 |
| Cash per share | 0.32 | 0.07 | 0 | 3.36 | 3.75 | 2.72 |
| Capex per share | 0.01 | 0.1 | 0 | 0.28 | 0.01 | 0 |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Capex / revenue | — | 3.4K% | 2.37% | 565.7% | 15.3% | 0.26% |
| Capex / operating cash flow | -0.75% | -16.9% | -0.03% | -47.6% | -0.5% | -0.01% |
| Payout ratio | — | — | — | — | — | 0% |
| $0 |
| — |
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $62.6K | $42.7K | $946.7K | $468.4K | $221.6K | $175.8K | $440.5K | $642K | $687K | $882K | $3M | $3.2M |
| YoY change | +87.7% | -9.36% | +2.3K% | +655.3% | +254.1% | +311.6% | -53.5% | +37.1% | +210.1% | +401.6% | +577.5% | +404.4% |
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 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash & short-term investments | 8M | 2.7M | 6.8K | 123.3M | 233.4M |
| Receivables | 0 | 23.7K | 3K | 86.8K | 851K |
| Inventory | 463.4K | 618.3K | 774.3K | 309.7K | 0 |
| Total current assets | 8.4M | 3.4M | 1.5M | 125.3M | 241.1M |
| Property, plant & equipment | 119.6K | 4.6M | 830.9K | 13.8M | 52.4M |
| Goodwill & intangibles | — | — | — | — | 93.7M |
| Total assets | 8.7M | 8.5M | 2.8M | 139.6M | 367.8M |
| Accounts payable | 336.3K | 162K | 2.1M | 4.9M | 5M |
| Short-term debt | — | 3.7M | 3.9M | 1.2M | 1.8M |
| Total current liabilities | 336.3K | 3.9M | 6.2M | 6.8M | 13.3M |
| Long-term debt | 0 | 3.8M | 442.1K | 1.1M | 3.5M |
| Total liabilities | 336.3K | 21M | 6.8M | 7.9M | 17M |
| Shareholders' equity | 8.3M | -12.5M | -4M | 131.7M | 350.7M |
| Total debt | 0 | 7.5M | 4.4M | 2.3M | 5.3M |
| Net debt | -8M | 4.8M | 4.4M | -120.9M | -101M |
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 | 3.5M | 6.8K | 427.5K | 28.8M | 50.9M | 123.3M | 197.8M | 183.3M | 210.4M | 233.4M | 187.5M | 235.4M |
| Receivables | 4K | 3K | 266K | 93.1K | 13.1K | 86.8K | 381.5K | 656K | 805K | 851K | 3.9M | 2.9M |
| Inventory | 868.7K | 774.3K | 736.5K | 709.3K | 327.4K | 309.7K | 0 | 0 | 0 | 0 | — | — |
| Total current assets | 5.1M | 1.5M | 3M | 30.9M | 54.9M | 125.3M | 200M | 186.5M | 219.7M | 241.1M | 201.1M | 247.3M |
| Property, plant & equipment | 2.9M | 830.9K | 702.3K | 1.4M | 6.1M | 13.8M | 16.2M | 21M | 34.1M | 52.4M | 61.8M | 60.6M |
| Goodwill & intangibles | — | — | — | — | — | — | — | 12M | 89.4M | 93.7M | 129M | 125M |
| Total assets | 8.5M | 2.8M | 4.2M | 32.8M | 61.5M | 139.6M | 216.6M | 214.3M | 299.1M | 367.8M | 340.8M | 378.6M |
| Accounts payable | 944.5K | 2.1M | 1.7M | 1.4M | 3.6M | 4.9M | 3.7M | 2.5M | 7.7M | 5M | 5.7M | 5.5M |
| Short-term debt | 3.8M | 3.9M | 8.4M | 2.8M | 1.5M | 1.2M | 712.6K | 1.2M | 1.7M | 1.8M | 1.9M | 2.4M |
| Total current liabilities | 4.9M | 6.2M | 12.8M | 4.3M | 5.2M | 6.8M | 5.3M | 5.7M | 12.8M | 13.3M | 19.7M | 19.3M |
| Long-term debt | 1.1M | 442.1K | 105.6K | 35.2K | 135.2K | 1.1M | 1.2M | 1.4M | 2.5M | 3.5M | 2.9M | 7.3M |
| Total liabilities | 6.1M | 6.8M | 13.1M | 4.3M | 5.3M | 7.9M | 6.4M | 7.1M | 15.2M | 17M | 23M | 26.8M |
| Shareholders' equity | 2.4M | -4M | -8.8M | 28.5M | 56.2M | 131.7M | 210.2M | 207.2M | 283.9M | 350.7M | 317.8M | 351.8M |
| Total debt | 4.9M | 4.4M | 8.5M | 2.8M | 1.6M | 2.3M | 1.9M | 2.6M | 4.1M | 5.3M | 4.8M | 9.7M |
| Net debt | 1.4M | 4.4M | 8M | -26M | -49.3M | -120.9M | -195.9M | -114.1M | -112.7M | -101M | -42.3M | -69.4M |
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 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Net income | -21.7M | -21.9M | -24.8M | -39.2M | -101.4M |
| Depreciation & amortization | 42.5K | 388.1K | 1.9M | 309.7K | 8.2M |
| Stock-based compensation | 8.7K | 195.1K | 544.4K | 14.6M | 21.3M |
| Change in working capital | -138.3K | -366.3K | 1.7M | 1.1M | -4.6M |
| Operating cash flow | -21.8M | -21.6M | -18.9M | -21.5M | -80.2M |
| Capital expenditure | -162.1K | -3.6M | -4.9K | -10.3M | -405K |
| Investing cash flow | -258.7K | -4.1M | -4.9K | -10.3M | -160.7M |
| Dividends paid | — | — | — | — | — |
| Share repurchases | — | — | — | — | — |
| Financing cash flow | 18.9M | 20.2M | 12.8M | 115.2M | 249.4M |
| Net change in cash | -3.1M | -5.5M | -6.1M | 83.3M | 8.5M |
| Free cash flow | -10.9M | -25M | -16M | -31.8M | -118M |
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 | -7.6M | -7.1M | -9M | -9M | -8M | -13.1M | -13.2M | -20.9M | -33M | -34.3M | -49M | -64.1M |
| Depreciation & amortization | 465.6K | 467K | 17.9K | 9.6K | 8.6K | 273.2K | 474.6K | 817K | 2.1M | 4.8M | 6.3M | 6.6M |
| Stock-based compensation | 103.4K | -750.9K | 4.3M | 3.5M | 2.2M | 4.6M | 3.9M | 4.4M | 6.6M | 6.3M | 7.4M | 14.7M |
| Change in working capital | -184.7K | 1.2M | -495.8K | -348.3K | 2.7M | -685.2K | -1.1M | 34K | 3.4M | -7M | -4.4M | -867K |
| Operating cash flow | -6.9M | -5.2M | -4M | -5.4M | -3.1M | -8.9M | -10M | -16M | -25.2M | -29.6M | -41.4M | -43.3M |
| Capital expenditure | -2.5K | -2.4K | -3.3K | -795K | -4.6M | -4.9M | -3.5M | -369K | 20K | 0 | 0 | 0 |
| Investing cash flow | -2.5K | -2.4K | -3.3K | -795K | -4.6M | -4.9M | -3.3M | -72.6M | -28.9M | -59.4M | -18.2M | -10.6M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 8.4M | 183.6K | 4.4M | 34.9M | -825K | 77.1M | 75.3M | 13.9M | 65.3M | 94.9M | 1.5M | 83.4M |
| Net change in cash | 1.5M | -5M | 379.7K | 28.7M | -8.6M | 63.4M | 62M | -74.7M | 11.2M | 5.9M | -58.1M | 29.5M |
| Free cash flow | -5.7M | -3.7M | -4.1M | -6.5M | -10.1M | -11.1M | -12.9M | -22.4M | -36.5M | -46.1M | -42.9M | -44.3M |