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 % |
|---|---|---|---|---|---|---|
| Q4 23 | -$3 | -$5.4 | -80.0% | — | $18K | — |
| Q3 23 | -$4.65 | -$3.15 | +32.3% | — | $18K | — |
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 | — | -$7.5 | — | — | $72.1K | — |
| FY24 | — | -$1.19 | — | — | $72.1K | — |
| FY23 | — | -$1.2 | — | — | $72.1K | — |
| FY22 | — | -$1.71 | — | — | $72.1K | — |
| FY21 | — | $1.32 | — | — | $71.3K | — |
| FY20 | — | -$2.5 | — | — | $0 | — |
| FY19 | — | -$2 | — | — | $40.6K | — |
| FY18 | — | -$1 | — | — | $0 | — |
| FY17 | — | $0.5 | — |
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 | -$669.5K | $0 | $0 | $40.6K | $0 | $71.3K | $72.1K | $72.1K | $72.1K | $72.1K |
| YoY change | -361.1% | +100% | 0% | +InfinityT% | -100% | +InfinityT% | +1.18% | 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 | -669.5K | 0 | 0 | 40.6K | 0 | 71.3K | 72.1K | 72.1K | 72.1K | 72.1K |
| Cost of revenue | — | — | 0 | 27.4K | 0 | 5K | 5.8K | 5.8K | 5.8K | 44.3K |
| Gross profit | — | — | 0 | 13.2K | 0 | 66.3K | 66.3K | 66.3K | 66.3K | 27.8K |
| Gross margin | — | — | — | 32.5% | — | 93% | 91.9% | 91.9% | 91.9% | 38.6% |
| Research & development | — | — | 0 | 63.5K | 26.3K | 693.9K | 1.3M | 845.1K | 2.4M | 2.2M |
| Selling, general & administrative | 301K | 428K | 459.8K | 864.2K | 2M | 2.3M | 2.4M | 3.1M | 2.4M | 2.1M |
| Operating expenses | 301K | 428K | 459.8K | 927.6K | 2M | 3M | 3.7M | 3.9M | 4.8M | 4.3M |
| Operating income | -393.7K | -428K | -459.8K | -914.5K | -2M | -2.9M | -3.6M | -3.9M | -4.7M | -4.3M |
| Operating margin | 58.8% | — | — | -2.3K% | — | -4.1K% | -5.1K% | -5.3K% | -6.5K% | -5.9K% |
| Non-operating income, net | -719.3K | 764K | -513.9K | -48.1K | -372.2K | 7.1M | -330.2K | -169.2K | -15.3K | -103.6K |
| Pretax income | -1.1M | 356.5K | -969.5K | -1M | -2.7M | 4.2M | -3.9M | -3.6M | -4.4M | -4.2M |
| Income tax | — | — | — | — | 0 | 24.9K | 0 | 0 | 0 | 0 |
| Net income | -1.1M | 356.5K | -969.5K | -1M | -3M | 3.9M | -3.9M | -3.7M | -4.4M | -4.2M |
| Net margin | 166.2% | — | — | -2.5K% | — | 5.5K% | -5.4K% | -5.1K% | -6.1K% | -5.9K% |
| EBITDA | 325.7K | -1.2M | -438.1K | -902.3K | -2M | -2.9M | -3.6M | -3.5M | -4.4M | -4.1M |
| EPS | -1 | 0.5 | -1 | -2 | -2.5 | 1.32 | -1.71 | -1.2 | -1.19 | -7.5 |
| Diluted EPS | -1 | 0.5 | -1 | -2 | -2.5 | 1.3 | -1.71 | -1.2 | -1.19 | -7.5 |
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 | 18K | 18K | 18K | 18K | 18K | 18K | 18K | 18K | 18K | 18K | 18K | 0 |
| Cost of revenue | 1.5K | 1.5K | 1.5K | 1.5K | 1.5K | 1.5K | 1.5K | 1.5K | 20.7K | 20.7K | 20.7K | 0 |
| Gross profit | 16.6K | 16.6K | 16.6K | 16.6K | 16.6K | 16.6K | 16.6K | 16.6K | -2.7K | -2.7K | -2.7K | 0 |
| Gross margin | 91.9% | 91.9% | 91.9% | 91.9% | 91.9% | 91.9% | 91.9% | 91.9% | -14.8% | -14.8% | -14.8% | — |
| Research & development | 174.5K | 337K | 318.2K | 392.8K | 517.5K | 1.1M | 594K | 717.2K | 543.6K | 306K | 1M | 298.4K |
| Selling, general & administrative | 615.5K | 843.3K | 577.8K | 626.5K | 509.1K | 754.2K | 516.7K | 547.9K | 605.2K | 477.9K | 578.7K | 630.5K |
| Operating expenses | 790K | 1.2M | 896.1K | 1M | 1M | 1.8M | 1.1M | 1.3M | 1.1M | 783.9K | 1.6M | 928.9K |
| Operating income | -773.4K | -1.2M | -879.5K | -1M | -1M | -1.8M | -1.1M | -1.2M | -1.2M | -786.5K | -1.6M | -928.9K |
| Operating margin | -4.3K% | -6.5K% | -4.9K% | -5.6K% | -5.6K% | -10.1K% | -6.1K% | -6.9K% | -6.4K% | -4.4K% | -8.8K% | — |
| Non-operating income, net | -1.9K | 4K | -8.5K | -4.2K | -2.6K | 0 | 2.9K | 989 | -2.7K | -104.9K | -87.8K | 59.8K |
| Pretax income | -660.2K | -1.1M | -801.7K | -931.8K | -928.8K | -1.7M | -1M | -1.2M | -1.1M | -881.5K | -1.6M | -832.8K |
| Income tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income | -660.2K | -1.1M | -801.7K | -931.8K | -928.8K | -1.7M | -1M | -1.2M | -1.1M | -881.5K | -1.6M | -832.8K |
| Net margin | -3.7K% | -6.2K% | -4.4K% | -5.2K% | -5.2K% | -9.6K% | -5.7K% | -6.7K% | -6.2K% | -4.9K% | -9.1K% | — |
| EBITDA | -657.2K | -1.1M | -791.3K | -925.7K | -922K | -1.7M | -1M | -1.2M | -1.1M | -741K | -1.6M | -886.9K |
| EPS | -0.21 | — | -0.28 | -0.31 | -0.22 | — | -0.23 | -2.85 | -1.8 | — | -1.8 | -0.76 |
| Diluted EPS | -0.21 | — | -0.28 | -0.31 | -0.22 | — | -0.23 | -2.85 | -1.8 | — | -1.8 | -0.76 |
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 | — | — | — | — | — | — | — | — | — | — | 2.9M |
| Enterprise value | — | — | — | — | — | — | — | — | — | — | -2.4M |
| Shares outstanding | 1M | 1M | 982K | 469.4K | 1.3M | 1.9M | 2.3M | 3.1M | 3.7M | 558.8K | 558.8K |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | — | — | — | -0.22 |
| P/S | — | — | — | — | — | — | — | — | — | — | 54.8 |
| P/B | — | — | — | — | — | — | — | — | — | — | 0.39 |
| EV/EBITDA | — | — | — | — | — | — | — | — | — | — | 0.55 |
| EV/Sales | — | — | — | — | — | — | — | — | — | — | -45.3 |
| Earnings yield | — | — | — | — | — | — | — | — | — | — | -446.4% |
| FCF yield | — | — | — | — | — | — | — | — | — | — | -56.8% |
| PEG | — | — | — | — | — | — | — | — | — | — | 0 |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin | — | — | — | 32.5% | — | 93% | 91.9% | 91.9% | 91.9% | 38.6% | -14.8% |
| Operating margin | 58.8% | — | — | -2.3K% | — | -4.1K% | -5.1K% | -5.3K% | -6.5K% | -5.9K% | -8.3K% |
| Net margin | 166.2% | — | — | -2.5K% | — | 5.5K% | -5.4K% | -5.1K% | -6.1K% | -5.9K% | 38.6% |
| ROE | -131.5% | 29.6% | -237.9% | 4.4K% | -237.2% | 43.1% | -37.8% | -59.9% | -87.3% | -67% | -91.2% |
| ROA | -85.6% | 21.7% | -113.3% | -205.2% | -212.9% | 37.2% | -33.6% | -47.8% | -59.3% | -55.6% | -44.2% |
| ROIC | — | — | — | — | -1.2K% | 240.7% | 354.4% | 259.1% | 230% | 489.9% | 816.6% |
| Return on tangible assets | -85.6% | 21.7% | -121.7% | -205.2% | -212.9% | 37.2% | -33.6% | -47.8% | -63.4% | -59% | -80.9% |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 24.5 | 42.8 | 13 | 4.23 | 10.1 | 21.2 | 26.5 | 9.9 | 4.29 | 11.4 | 5.36 |
| Quick ratio | 24.5 | 42.8 | 12.5 | 2.89 | 9.83 | 21.2 | 26.5 | 9.9 | 4.29 | 11.4 | 5.36 |
| Debt / equity | — | — | 0.05 | -2.7 | 0.01 | — | — | — | — | — | 0 |
| Debt / assets | — | — | 0.03 | 0.13 | 0.01 | — | — | — | — | — | — |
| Net debt / EBITDA | — | — | 1.24 | 0.07 | 0.55 | — | — | — | — | — | 1.17 |
| Interest coverage | — | — | — | -15.1 | -8.9 | 1.4K | -1.8K | -744.8 | -863.1 | -112.3 | -111.3 |
| Effective tax rate | — | — | — | — | 0% | 0.59% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | -0.67 | 0 | 0 | 0.09 | 0 | 0.04 | 0.03 | 0.02 | 0.02 | 0.13 | 0.06 |
| EPS (basic) | -1 | 0.5 | -1 | -2 | -2.5 | 1.32 | -1.71 | -1.2 | -1.19 | -7.5 | -7.5 |
| EPS (diluted) | -1 | 0.5 | -1 | -2 | -2.5 | 1.3 | -1.71 | -1.2 | -1.19 | -7.5 | -3.74 |
| Book value per share | 0.84 | 1.2 | 0.41 | -0.05 | 0.97 | 4.78 | 4.53 | 2.01 | 1.37 | 11.3 | 4.33 |
| FCF per share | -0.14 | -0.28 | 0.28 | -1.69 | -0.88 | -1.2 | -1.53 | -1.05 | -1.04 | -9.37 | -3.56 |
| Cash per share | 1.21 | 1.61 | 0.58 | 0.26 | 0.86 | 5.41 | 4.98 | 2.49 | 1.92 | 12.8 | 3.29 |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Payout ratio | — | — | — | — | — | — | — | — | — | — | 0% |
| — |
| $0 |
| — |
| FY16 | — | -$1 | — | — | -$669.5K | — |
| 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 | $18K | $18K | $18K | $18K | $18K | $18K | $18K | $18K | $18K | $18K | $18K | $0 |
| YoY change | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | -100% |
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 | 1.2M | 1.6M | 565K | 121.1K | 1.1M | 10.3M | 11.4M | 7.7M | 7.1M | 7.2M |
| Receivables | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | 0 | 27K | 156.4K | 33.5K | — | — | — | — | — |
| Total current assets | 1.3M | 1.6M | 626K | 493.8K | 1.4M | 10.4M | 11.6M | 7.7M | 7.1M | 7.4M |
| Property, plant & equipment | — | — | — | — | — | — | — | — | — | — |
| Goodwill & intangibles | — | 0 | 58.9K | 0 | — | — | — | — | 482.4K | 434.8K |
| Total assets | 1.3M | 1.6M | 855.4K | 493.8K | 1.4M | 10.5M | 11.6M | 7.7M | 7.4M | 7.6M |
| Accounts payable | 53.1K | 38.3K | 25.6K | 54.9K | 127.1K | 417.9K | 364.2K | — | — | — |
| Short-term debt | — | — | 22.3K | 61.9K | 14.7K | — | — | — | — | — |
| Total current liabilities | 53.1K | 38.3K | 48K | 116.7K | 141.7K | 490K | 436.3K | 775.6K | 1.7M | 650.2K |
| Long-term debt | — | — | — | — | 4.2K | — | — | — | — | — |
| Total liabilities | 453.1K | 438.3K | 448K | 516.7K | 146K | 1.4M | 1.3M | 1.6M | 2.4M | 1.3M |
| Shareholders' equity | 846.5K | 1.2M | 407.4K | -22.9K | 1.3M | 9.1M | 10.3M | 6.2M | 5M | 6.3M |
| Total debt | — | — | 22.3K | 61.9K | 18.9K | — | — | — | — | — |
| Net debt | — | — | -314.3K | -49.9K | -1.1M | — | — | — | — | — |
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 | 8.8M | 7.7M | 6.7M | 7.6M | 8M | 7.1M | 5.5M | 6.3M | 5.9M | 7.2M | 6.3M | 5.4M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 8.9M | 7.7M | 6.9M | 7.7M | 8.3M | 7.1M | 5.6M | 6.4M | 6.2M | 7.4M | 6.8M | 5.7M |
| Property, plant & equipment | — | — | — | — | — | — | — | — | — | — | — | — |
| Goodwill & intangibles | — | — | — | 494.8K | 488.6K | 482.4K | 476.2K | 446.5K | 440.6K | 434.8K | 428.9K | 423K |
| Total assets | 9M | 7.7M | 6.9M | 8M | 8.6M | 7.4M | 5.9M | 6.7M | 6.4M | 7.6M | 7M | 6M |
| Accounts payable | — | — | — | — | — | — | — | — | — | — | — | — |
| Short-term debt | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | 678.8K | 775.6K | 873.7K | 1.3M | 1M | 1.7M | 1.2M | 1M | 708.3K | 650.2K | 704.8K | 1.1M |
| Long-term debt | — | — | — | — | — | — | — | — | — | — | — | — |
| Total liabilities | 1.5M | 1.6M | 1.6M | 2.1M | 1.8M | 2.4M | 1.9M | 1.7M | 1.4M | 1.3M | 1.3M | 1.1M |
| Shareholders' equity | 7.5M | 6.2M | 5.3M | 6M | 6.8M | 5M | 4M | 4.9M | 5M | 6.3M | 5.7M | 4.9M |
| Total debt | — | — | — | — | — | — | — | — | — | — | — | — |
| Net debt | — | — | — | — | — | — | — | — | — | — | — | — |
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 | -1.1M | 356.5K | -969.5K | -1M | -3M | 3.9M | -3.9M | -3.7M | -4.4M | -4.2M |
| Depreciation & amortization | — | 0 | 17.6K | 0 | — | — | — | — | 6.2K | 11.4K |
| Stock-based compensation | — | — | 0 | 178K | 1.2M | 191.7K | 156K | 104.2K | 0 | 117K |
| Change in working capital | -82.4K | -35.1K | -39.7K | -129.4K | -15.1K | 477.5K | -130.6K | 263.6K | -72.1K | -72.1K |
| Operating cash flow | -1.2M | 384.3K | -991.6K | -902.9K | -1.6M | 4.6M | -4M | -3.3M | -4.5M | -4.7M |
| Capital expenditure | — | — | — | — | — | — | — | — | — | — |
| Investing cash flow | — | — | -250K | 186.7K | 39K | 7.2M | 86.7K | -4.1M | 973.8K | 1.2M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | 0 | -2.9K | 0 | — | — | 0 | -471.1K | -173.1K | 0 |
| Financing cash flow | 0 | 0 | 15.1K | 360.3K | 2.1M | 3.8M | 4.9M | -471.1K | 3.2M | 3.7M |
| Net change in cash | -1.2M | 384.3K | -1.2M | -355.8K | 578.6K | 15.6M | 1.1M | -8M | -243.4K | 282.8K |
| Free cash flow | -143.6K | -284.6K | 272.6K | -794.3K | -1.2M | -2.3M | -3.5M | -3.2M | -3.8M | -5.2M |
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 | — | — | -801.7K | -931.8K | — | — | -1M | -1.2M | -1.1M | -881.5K | -1.6M | -832.8K |
| Depreciation & amortization | — | — | — | — | — | — | 3.1K | 2.5K | 2.9K | 2.9K | 2.9K | 2.9K |
| Stock-based compensation | — | — | 0 | 0 | — | — | — | 17.4K | 47.3K | 52.3K | 56.6K | 39.2K |
| Change in working capital | — | — | -18K | -18K | — | — | -18K | -18K | -18K | -18K | -18K | -1 |
| Operating cash flow | — | — | -819.7K | -949.8K | — | — | -1M | -1.3M | -955.5K | -780.3K | -822.6K | -781.9K |
| Capital expenditure | — | — | — | — | — | — | — | — | — | — | — | — |
| Investing cash flow | — | — | 97.6K | 954.3K | — | — | 871.4K | 388.1K | -20.5K | -20K | 26.4K | 133.4K |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | -115.5K | -57.7K | — | — | 0 | 0 | 0 | 0 | — | — |
| Financing cash flow | 0 | 0 | -115.5K | -57.7K | 1.7M | 0 | 0 | 0 | 0 | 2.1M | — | — |
| Net change in cash | 0 | 0 | -837.5K | -53.2K | 1.7M | 0 | -175K | -897.2K | -976K | 1.3M | -796.2K | -648.4K |
| Free cash flow | — | — | -838.2K | -731.8K | — | — | -1.6M | -1.3M | -955.5K | -1.4M | -872.6K | -731.9K |