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 | — | -$0.55 | — | — | $12.5M | — |
| FY24 | — | -$6.16 | — | — | $23.4M | — |
| FY23 | — | -$0.23 | — | — | $50.7M | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY23 | FY24 | FY25 |
|---|---|---|---|
| Revenue | $50.7M | $23.4M | $12.5M |
| YoY change | — | -53.9% | -46.5% |
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 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $14.4M | $11.6M | $11M | $4.8M | $4.2M | $6.3M | $4.5M | $1.3M | $279.7K | $383 | $0 |
| YoY change | — | — | — | -66.3% | -63.9% | -42.2% | — | -72.4% | -93.3% | -100% | -100% |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY23 | FY24 | FY25 |
|---|---|---|---|
| Revenue | 50.7M | 23.4M | 12.5M |
| Cost of revenue | 48.4M | 24.8M | 15.6M |
| Gross profit | 2.3M | -1.4M | -3.1M |
| Gross margin | 4.61% | -5.97% | -24.8% |
| Research & development | 363.4K | 231.7K | — |
| Selling, general & administrative | 3.3M | 6M | 6.1M |
| Operating expenses | 3.7M | 6.2M | 6.1M |
| Operating income | -1.4M | -7.4M | -9.2M |
| Operating margin | -2.7% | -31.6% | -73.9% |
| Non-operating income, net | 385.4K | -688.8K | 213K |
| Pretax income | -4.6M | -14.7M | -12.2M |
| Income tax | -185.5K | 0 | 0 |
| Net income | -4.4M | -14.7M | -12.2M |
| Net margin | -8.74% | -63% | -97.7% |
| EBITDA | -739.3K | -6.6M | -8M |
| EPS | -0.23 | -6.16 | -0.55 |
| Diluted EPS | -0.23 | -6.16 | -0.55 |
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 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 14.4M | 11.6M | 11M | 4.8M | 4.2M | 6.3M | 4.5M | 1.3M | 279.7K | 383 | 0 |
| Cost of revenue | 11.6M | 15M | 10.4M | 4.5M | 6.3M | 7.1M | 4.7M | 2.4M | 1.5M | 389.6K | 685.6K |
| Gross profit | 2.8M | -3.4M | 569.4K | 314.2K | -2.2M | -726.1K | -117K | -1.1M | -1.2M | -389.2K | -685.6K |
| Gross margin | 19.1% | -29.3% | 5.2% | 6.48% | -51.6% | -11.5% | -2.58% | -78.6% | -430.7% | -101.6K% | — |
| Research & development | — | — | 199.4K | — | — | 341K | — | — | — | — | — |
| Selling, general & administrative | 1.3M | -194.3K | 1.3M | 1.3M | 2.3M | 1.9M | 1.6M | 1.5M | 1.1M | 1.2M | 1.9M |
| Operating expenses | 1.3M | -194.3K | 1.5M | 1.3M | 2.3M | 2.3M | 1.6M | 1.5M | 1.1M | 1.2M | 1.9M |
| Operating income | 1.3M | -3.3M | -929.8K | -1.2M | -3.8M | -2.6M | -1.7M | -2.5M | -2.3M | -1.6M | -2.6M |
| Operating margin | 9.17% | -28.4% | -8.49% | -24.2% | -91.5% | -41.8% | -38.3% | -190.1% | -818% | -417.8K% | — |
| Non-operating income, net | — | 23.6K | -114.2K | -1.9M | 1.4M | 231.4K | -149.4K | -178.7K | 340.4K | -381.6K | -1.1M |
| Pretax income | -597.5K | -5.1M | -2.5M | -4.4M | -4.2M | -3.3M | -2.2M | -3.8M | -2.9M | -2.3M | -4.1M |
| Income tax | 0 | -187.9K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income | -597.5K | -4.9M | -2.5M | -4.4M | -4.2M | -3.3M | -2.2M | -3.8M | -2.9M | -2.3M | -4.1M |
| Net margin | -4.15% | -42.2% | -22.5% | -91.7% | -100.3% | -52.6% | -48.6% | -283.5% | -1K% | -605.8K% | — |
| EBITDA | 1.5M | -3M | -858.7K | -951.5K | -3.6M | -2.4M | -1.4M | -2.2M | -2M | -1.4M | -2.3M |
| EPS | -0.03 | — | -0.13 | -0.23 | — | -1.28 | -0.1 | -0.17 | — | -0.65 | -0.77 |
| Diluted EPS | -0.03 | — | -0.13 | -0.23 | — | -1.28 | -0.1 | -0.17 | — | -0.65 | -0.77 |
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 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|
| Market cap | — | — | — | 23M |
| Enterprise value | — | — | — | 28.5M |
| Shares outstanding | 19.7M | 2.4M | 22.1M | 22.1M |
| Metric | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|
| P/E | — | — | — | 16.2 |
| P/S | — | — | — | 15.1 |
| P/B | — | — | — | 2.06 |
| EV/EBITDA | — | — | — | -3.61 |
| EV/Sales | — | — | — | 17.6 |
| Earnings yield | — | — | — | 6.16% |
| FCF yield | — | — | — | -19.1% |
| PEG | — | — | — | 0.02 |
| Metric | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|
| Gross margin | 4.61% | -5.97% | -24.8% | -206% |
| Operating margin | -2.7% | -31.6% | -73.9% | -558.1% |
| Net margin | -8.74% | -63% | -97.7% | -24.8% |
| ROE | -33.9% | -128.1% | -382.8% | -132.8% |
| ROA | -15.7% | -54.7% | -63.5% | -22.1% |
| ROIC | -5.96% | -33.5% | -63.5% | -54% |
| Return on tangible assets | -20.4% | -71.7% | -95.3% | -59.5% |
| Metric | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|
| Current ratio | 0.5 | 0.4 | 0.09 | 0.74 |
| Quick ratio | 0.31 | 0.15 | 0.04 | 0.64 |
| Debt / equity | 0.78 | 0.95 | 3.57 | 1.03 |
| Debt / assets | 0.36 | 0.41 | 0.59 | 0.43 |
| Net debt / EBITDA | -13.3 | -1.6 | -1.41 | -0.62 |
| Interest coverage | -0.27 | -1.26 | -2.86 | -3.91 |
| Effective tax rate | 0% | 0% | 0% | 0% |
| Metric | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|
| Revenue per share | 2.58 | 9.82 | 0.56 | 0.44 |
| EPS (basic) | -0.23 | -6.16 | -0.55 | -0.55 |
| EPS (diluted) | -0.23 | -6.16 | -0.55 | 0.17 |
| Book value per share | 0.67 | 4.83 | 0.14 | 1.34 |
| FCF per share | -0.11 | -3.77 | -0.17 | -1.6 |
| Cash per share | 0.02 | 0.16 | 0 | 0.82 |
| Capex per share | 0.09 | 0.62 | — | — |
| Metric | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|
| Capex / revenue | 3.34% | 6.34% | — | — |
| Capex / operating cash flow | 194.8% | -20.8% | — | — |
| Payout ratio | — | — | — | 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 | FY23 | FY24 | FY25 |
|---|---|---|---|
| Cash & short-term investments | 326.8K | 385.1K | 35.4K |
| Receivables | 3.5M | 1.1M | 4.7K |
| Inventory | 2.4M | 3.1M | 678.4K |
| Total current assets | 6.4M | 5M | 1.3M |
| Property, plant & equipment | 12.6M | 14.2M | 12.3M |
| Goodwill & intangibles | 6.4M | 6.4M | 6.4M |
| Total assets | 28.2M | 26.9M | 19.2M |
| Accounts payable | 4.8M | 2.8M | 2.7M |
| Short-term debt | 8M | 7.9M | 10.5M |
| Total current liabilities | 12.9M | 12.4M | 15.1M |
| Long-term debt | 2.2M | 3.1M | 907.1K |
| Total liabilities | 15.1M | 15.4M | 16M |
| Shareholders' equity | 13.1M | 11.5M | 3.2M |
| Total debt | 10.2M | 10.9M | 11.4M |
| Net debt | 9.9M | 10.6M | 11.3M |
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 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 326.8K | 292.9K | 385.1K | 213K | 173.8K | 362.5K | 35.4K | 66.8K | 7.2M |
| Receivables | 3.5M | 1.5M | 1.1M | 1.8M | 622.5K | 204.5K | 4.7K | 0 | 0 |
| Inventory | 2.4M | 2.7M | 3.1M | 2.1M | 2M | 1.4M | 678.4K | 654.9K | 1.5M |
| Total current assets | 6.4M | 4.8M | 5M | 4.7M | 3.2M | 2.7M | 1.3M | 1.3M | 10.4M |
| Property, plant & equipment | 12.6M | 13.9M | 14.2M | 14.3M | 14M | 12.6M | 12.3M | 12.5M | 12.3M |
| Goodwill & intangibles | 6.4M | 6.4M | 6.4M | 6.4M | 6.4M | 6.4M | 6.4M | 6.4M | 6.4M |
| Total assets | 28.2M | 26.3M | 26.9M | 24.6M | 22.8M | 20.9M | 19.2M | 19.3M | 28.3M |
| Accounts payable | 4.8M | 2.8M | 2.8M | 1.7M | 2.4M | 2.3M | 2.7M | 3.6M | 2.7M |
| Short-term debt | 8M | 10.5M | 7.9M | 8.6M | 7.1M | 7.8M | 10.5M | 10.5M | 9.6M |
| Total current liabilities | 12.9M | 15.6M | 12.4M | 12M | 11.7M | 12.6M | 15.1M | 16.4M | 14M |
| Long-term debt | 2.2M | 2.1M | 3.1M | 3M | 3.2M | 2.8M | 907.1K | 917.6K | 2.5M |
| Total liabilities | 15.1M | 17.7M | 15.4M | 15M | 14.9M | 15.4M | 16M | 17.3M | 16.6M |
| Shareholders' equity | 13.1M | 8.6M | 11.5M | 9.6M | 7.9M | 5.5M | 3.2M | 2M | 11.8M |
| Total debt | 10.2M | 12.7M | 10.9M | 11.6M | 10.3M | 10.6M | 11.4M | 11.4M | 12.1M |
| Net debt | 9.9M | 12.4M | 10.6M | 11.4M | 10.2M | 10.3M | 11.3M | 11.4M | 4.9M |
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 | FY23 | FY24 | FY25 |
|---|---|---|---|
| Net income | -4.4M | -14.7M | -12.2M |
| Depreciation & amortization | 602.6K | 884.4K | 1.3M |
| Stock-based compensation | 634.8K | 632.2K | 659.1K |
| Change in working capital | 1.5M | 1.6M | 3.5M |
| Operating cash flow | 869.1K | -7.1M | -3.3M |
| Capital expenditure | -1.7M | -1.5M | — |
| Investing cash flow | -731.9K | -1.5M | 14.1K |
| Dividends paid | — | — | — |
| Share repurchases | — | — | — |
| Financing cash flow | -54M | -30.8M | -9M |
| Net change in cash | -53.8M | -39.4M | -12.2M |
| Free cash flow | -2.1M | -9M | -3.7M |
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 | Q4 23 | Q1 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -4.9M | -2.5M | -4.5M | -4.2M | -3.3M | -2.2M | -3.8M | -2.9M | -2.3M | -4.1M |
| Depreciation & amortization | 272.1K | 186.5K | 237.7K | 242.7K | 266.1K | 340.2K | 348.6K | 316K | 285.8K | 244.1K |
| Stock-based compensation | 308.9K | 270.2K | 74.6K | 97.6K | 78.9K | 230.5K | 237.1K | 112.7K | 87.5K | 606.5K |
| Change in working capital | 2.7M | -541.1K | -190.3K | -76.3K | 412K | 1.2M | 1M | 853.1K | 6.6K | -868.1K |
| Operating cash flow | 687.2K | -1.4M | -3M | -2.4M | -1.8M | 1.2M | -1.3M | -1.3M | -588.6K | -4.8M |
| Capital expenditure | -186.1K | -427.7K | -527.5K | 418K | -330.3K | — | — | — | — | — |
| Investing cash flow | 575.3K | -427.7K | -527.5K | 418K | -316.2K | 0 | 0 | 0 | — | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | -38.9M | -9.9M | -15.6M | -965.7K | -4.3M | -5.4M | -67.2K | 818.5K | 1.1M | 12M |
| Net change in cash | -37.7M | -11.7M | -19.1M | -3M | -6.4M | -4.2M | -1.3M | -471.7K | 473.9K | 7.1M |
| Free cash flow | -3.1M | -1.7M | -2.5M | -2.5M | -2.3M | 1.2M | -1.3M | -1.2M | -1M | -4.8M |