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 | -$0.04 | -$0.05 | -25.0% | — | $0 | — |
| Q4 25 | -$0.06 | -$0.05 | +16.7% | — | $0 | — |
| Q3 25 | -$0.08 | -$0.06 | +25.0% | — | $0 | — |
| Q2 25 | -$0.08 | -$0.07 | +12.5% | — | $0 | — |
| Q1 25 | -$0.11 | -$0.07 | +36.4% | — | $0 | — |
| Q4 24 | -$0.11 | -$0.08 | +27.3% | — | $0 | — |
| Q3 24 | -$0.13 | -$0.1 | +23.1% | — | $0 | — |
| Q2 24 | -$0.17 | -$0.13 | +23.5% | — | $0 | — |
| Q1 24 | -$0.16 | -$0.21 | -31.2% | — | $0 | — |
| Q4 23 | -$0.03 | -$0.25 | -733.3% | — | $0 | — |
| Q3 23 | $0.03 | -$0.33 | -1200.0% | — | $0 | — |
| Q2 23 | -$0.35 | -$0.31 | +11.4% | — | $0 | — |
| Q1 23 | -$0.29 | -$0.47 | -62.1% | — | $0 | — |
| Q4 22 | -$0.32 | -$0.43 | -34.4% | — | $0 | — |
| Q3 22 | -$0.39 | -$0.34 | +12.8% | — | $0 | — |
| Q2 22 | -$0.35 | -$0.41 | -17.1% | — | $0 | — |
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 | — | -$0.25 | — | — | $0 | — |
| FY24 | — | -$0.5 | — | — | $0 | — |
| FY23 | — | -$1.34 | — | — | $0 | — |
| FY22 | — | -$2.13 | — | — | $1M | — |
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 | $0 | $0 | $0 | $0 | $1.9M | $7.6M | $1M | $0 | $0 | $0 |
| YoY change | 0% | 0% | 0% | 0% | +InfinityT% | +300% | -86.8% | -100% | 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 | 0 | 0 | 0 | 0 | 1.9M | 7.6M | 1M | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | 0 | 200K | 100K | 0 | — | — |
| Gross profit | — | — | — | — | 1.9M | 7.4M | 900K | 0 | — | — |
| Gross margin | — | — | — | — | 100% | 97.4% | 90% | — | — | — |
| Research & development | 11.4M | 6.1M | 8.8M | 7.3M | 9.3M | 15.7M | 20.3M | 24M | 19.1M | 16M |
| Selling, general & administrative | 4.6M | 15.1M | 12.8M | 9.9M | 9.6M | 11.3M | 12.6M | 13.9M | 12.4M | 12.3M |
| Operating expenses | 16M | 21.2M | 21.5M | 17.2M | 18.9M | 27M | 32.9M | 37.9M | 31.5M | 28.3M |
| Operating income | -16M | -21.2M | -21.5M | -17.2M | -17M | -19.6M | -31.9M | -37.9M | -31.5M | -28.3M |
| Operating margin | — | — | — | — | -893.8% | -257.8% | -3.2K% | — | — | — |
| Non-operating income, net | -526K | -1.9M | -7.2M | -2.3M | 182K | -1.3M | -9.7M | 4K | — | — |
| Pretax income | -17.7M | -23.5M | -29M | -19.4M | -16.8M | -20.9M | -41.3M | -37.3M | -30.9M | -26.9M |
| Income tax | 1K | 253K | -1.4M | -81K | -17K | -237K | 0 | — | — | — |
| Net income | -17.7M | -23.8M | -27.7M | -19.3M | -16.8M | -20.7M | -41.3M | -37.3M | -30.9M | -26.9M |
| Net margin | — | — | — | — | -881.9% | -272.4% | -4.1K% | — | — | — |
| EBITDA | -16M | -19M | -14.3M | -14.9M | -17.2M | -18.2M | -22.3M | -37.9M | -31.5M | -28.3M |
| EPS | -3.5K | -522 | -157.7 | -10.9 | -2.11 | -1.34 | -2.13 | -1.34 | -0.5 | -0.25 |
| Diluted EPS | -3.5K | -522 | -157.7 | -10.9 | -2.11 | -1.34 | -2.13 | -1.34 | -0.5 | -0.25 |
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 | 0 | 0 | — | — | — | — | — | — | — | — | — | — |
| Gross profit | 0 | 0 | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Research & development | 5.8M | 5.1M | 5.1M | 5.2M | 4.4M | 4.4M | 3.2M | 3.9M | 4.2M | 4.7M | 5.1M | 6.3M |
| Selling, general & administrative | 3.5M | 3.1M | 4.5M | 2.4M | 3M | 2.5M | 2.9M | 3M | 2.9M | 3.5M | 4.1M | 4.4M |
| Operating expenses | 9.4M | 8.2M | 9.6M | 7.6M | 7.3M | 6.9M | 6.1M | 6.9M | 7.1M | 8.3M | 9.3M | 10.6M |
| Operating income | -9.4M | -8.2M | -9.6M | -7.6M | -7.3M | -6.9M | -6.1M | -6.9M | -7.1M | -8.3M | -9.3M | -10.6M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | — | 0 | — | — | — | — | — | — | — | — | — | — |
| Pretax income | -9.3M | -8.1M | -9.6M | -7.5M | -7.1M | -6.7M | -5.8M | -6.6M | -6.8M | -7.7M | -8.4M | -9.6M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — |
| Net income | -9.3M | -8.1M | -9.6M | -7.5M | -7.1M | -6.7M | -5.8M | -6.6M | -6.8M | -7.7M | -8.4M | -9.6M |
| Net margin | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -9.4M | -8.2M | -9.6M | -7.6M | -7.3M | -6.9M | -6.1M | -6.9M | -7.1M | -8.3M | -9.3M | -10.6M |
| EPS | -0.33 | — | -0.21 | -0.13 | -0.1 | — | -0.07 | -0.07 | -0.06 | — | -0.05 | -0.05 |
| Diluted EPS | -0.33 | — | -0.21 | -0.13 | -0.1 | — | -0.07 | -0.07 | -0.06 | — | -0.05 | -0.05 |
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 | — | — | — | — | — | — | — | — | — | — | 2.3B |
| Enterprise value | — | — | — | — | — | — | — | — | — | — | 2.2B |
| Shares outstanding | 6.6K | 46.8K | 261.5K | 2.6M | 8M | 15.5M | 19.4M | 27.8M | 61.2M | 109.1M | 109.1M |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | — | — | — | -46.4 |
| P/B | — | — | — | — | — | — | — | — | — | — | 17 |
| EV/EBITDA | — | — | — | — | — | — | — | — | — | — | -77.9 |
| Earnings yield | — | — | — | — | — | — | — | — | — | — | -2.16% |
| FCF yield | — | — | — | — | — | — | — | — | — | — | -0.7% |
| PEG | — | — | — | — | — | — | — | — | — | — | 1.62 |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin | — | — | — | — | 100% | 97.4% | 90% | — | — | — | — |
| Operating margin | — | — | — | — | -893.8% | -257.8% | -3.2K% | — | — | — | 0% |
| Net margin | — | — | — | — | -881.9% | -272.4% | -4.1K% | — | — | — | 0% |
| ROE | 353.8% | -1.1K% | -527.6% | -316.6% | -59.9% | -101.7% | -851.4% | 468.2% | -326.3% | -37.9% | -39.6% |
| ROA | -275.4% | -70.9% | -163.6% | -116.2% | -36.4% | -78.8% | -197.2% | -600.4% | -158.9% | -34.3% | -23.3% |
| ROIC | 445.2% | -197% | 23.4K% | 1.8K% | 267.4% | 9.8K% | 282% | — | — | — | — |
| Return on tangible assets | 112.6% | 431.7% | 707.1% | -1.4K% | -54.4% | -92.2% | -241.3% | -1.6K% | -197.9% | -36% | -22.9% |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 1.11 | 0.53 | 0.98 | 1.56 | 2.99 | 4.63 | 1.14 | 0.23 | 1.72 | 10.7 | 18.8 |
| Quick ratio | 1.11 | 0.53 | 0.98 | 1.56 | 2.99 | 4.63 | 1.14 | 0.23 | 1.72 | 10.7 | 18.8 |
| Debt / equity | -1.47 | 5.31 | — | 0.04 | 0.04 | 0.04 | 0.19 | -0.11 | 0.11 | 0.01 | 0.01 |
| Debt / assets | 1.15 | 0.33 | — | 0.01 | 0.02 | 0.03 | 0.05 | 0.15 | 0.05 | 0.01 | 0.01 |
| Net debt / EBITDA | -0.09 | -0.46 | — | 0.47 | 2 | 1.13 | 0.73 | 0.04 | 0.41 | 2.5 | 3.91 |
| Interest coverage | -4.56 | -45.8 | -81 | — | — | — | — | — | — | — | — |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — | — | — | — |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 0 | 0 | 0.24 | 0.49 | 0.05 | 0 | 0 | 0 | 0 |
| EPS (basic) | -3.5K | -522 | -157.7 | -10.9 | -2.11 | -1.34 | -2.13 | -1.34 | -0.5 | -0.25 | -0.25 |
| EPS (diluted) | -3.5K | -522 | -157.7 | -10.9 | -2.11 | -1.34 | -2.13 | -1.34 | -0.5 | -0.25 | -0.22 |
| Book value per share | -752.7 | 44.2 | 20.1 | 2.38 | 3.51 | 1.31 | 0.25 | -0.29 | 0.15 | 0.65 | 0.68 |
| FCF per share | -1.8K | -234.8 | -116.3 | -6.9 | -1.31 | -1.68 | -1.46 | -1.33 | -0.58 | -0.26 | -0.15 |
| Cash per share | 898 | 49.5 | 20.4 | 2.84 | 4.43 | 1.38 | 0.88 | 0.09 | 0.23 | 0.66 | 0.69 |
| Capex per share | 0.9 | — | — | — | — | — | — | — | — | — | — |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Capex / operating cash flow | 0.07% | — | — | — | — | — | — | — | — | — | — |
| Payout ratio | — | 0% | -1.76% | 0% | — | — | — | — | — | — | 0% |
| FY21 | — | -$1.34 | — | — | $7.6M | — |
| FY20 | — | -$2.11 | — | — | $1.9M | — |
| FY19 | — | -$10.9 | — | — | $0 | — |
| FY18 | — | -$157.7 | — | — | $0 | — |
| FY17 | — | -$522 | — | — | $0 | — |
| FY16 | — | -$3.5K | — | — | $0 | — |
| 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 |
| 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 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 6M | 2.3M | 5.3M | 7.3M | 35.3M | 21.4M | 17.1M | 2.5M | 13.9M | 71.8M |
| Receivables | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 6.4M | 13.1M | 5.8M | 8.2M | 36.9M | 23M | 17.8M | 3.2M | 16.3M | 75.2M |
| Property, plant & equipment | 199K | — | — | 217K | 896K | 723K | 874K | 858K | 925K | 963K |
| Goodwill & intangibles | 22.1M | 39M | 20.8M | 15.2M | 15.2M | 3.8M | 3.8M | 3.8M | 3.8M | 3.8M |
| Total assets | 6.4M | 33.5M | 16.9M | 16.6M | 46M | 26.3M | 20.9M | 6.2M | 19.4M | 78.3M |
| Accounts payable | 0 | 11.7M | 3.8M | 3.9M | 4.7M | 2.1M | 3.4M | 5.6M | 3.5M | 2.9M |
| Short-term debt | 1.7M | 8.4M | — | 217K | 166K | 198K | 372K | 446K | 544K | 544K |
| Total current liabilities | 5.8M | 24.6M | 6M | 5.3M | 12.3M | 5M | 15.5M | 13.7M | 9.5M | 7M |
| Long-term debt | 5.7M | 2.6M | — | 0 | 825K | 610K | 573K | 460K | 457K | 457K |
| Total liabilities | 11.4M | 31.5M | 11.7M | 10.5M | 18.1M | 5.9M | 16.1M | 14.2M | 10M | 7.5M |
| Shareholders' equity | -5M | 2.1M | 5.2M | 6.1M | 28M | 20.3M | 4.9M | -8M | 9.5M | 70.9M |
| Total debt | 7.4M | 11M | — | 217K | 991K | 808K | 945K | 906K | 1M | 1M |
| Net debt | 1.4M | 8.7M | — | -7.1M | -34.3M | -20.5M | -16.2M | -1.6M | -12.9M | -70.8M |
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 | 4M | 2.5M | 18.4M | 9.1M | 21M | 13.9M | 28.4M | 25.3M | 44.3M | 71.8M | 107.1M | 138.3M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 5.2M | 3.2M | 21.5M | 12.3M | 24M | 16.3M | 32M | 29.4M | 49.1M | 75.2M | 111.2M | 142.5M |
| Property, plant & equipment | 592K | 858K | 747K | 633K | 513K | 925K | 806K | 683K | 556K | 963K | 839K | 710K |
| Goodwill & intangibles | 3.8M | 3.8M | 3.8M | 3.8M | 3.8M | 3.8M | 3.8M | 3.8M | 3.8M | 3.8M | 3.8M | 3.8M |
| Total assets | 8.1M | 6.2M | 24.4M | 15.1M | 26.5M | 19.4M | 35M | 32.3M | 51.6M | 78.3M | 114.2M | 145.4M |
| Accounts payable | 4.3M | 5.6M | 7.4M | 6.3M | 4.5M | 3.5M | 3.8M | 3.3M | 2.3M | 2.9M | 3.6M | 3.1M |
| Short-term debt | 466K | 446K | 488K | 531K | 576K | 544K | 561K | 580K | 599K | 544K | 562K | 580K |
| Total current liabilities | 11.7M | 13.7M | 14.4M | 12M | 10.6M | 9.5M | 6.9M | 6M | 5.9M | 7M | 6.5M | 7.6M |
| Long-term debt | 178K | 460K | 313K | 161K | 0 | 457K | 309K | 157K | 0 | 457K | 309K | 157K |
| Total liabilities | 11.9M | 14.2M | 14.8M | 12.2M | 10.6M | 10M | 7.2M | 6.2M | 5.9M | 7.5M | 6.8M | 7.7M |
| Shareholders' equity | -3.8M | -8M | 9.7M | 2.9M | 15.9M | 9.5M | 27.8M | 26.1M | 45.6M | 70.9M | 107.4M | 137.7M |
| Total debt | 644K | 906K | 801K | 692K | 576K | 1M | 870K | 737K | 599K | 1M | 871K | 737K |
| Net debt | -3.3M | -1.6M | -17.6M | -8.5M | -20.5M | -12.9M | -27.5M | -24.6M | -43.7M | -70.8M | -106.2M | -137.6M |
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 | -17.7M | -23.8M | -27.7M | -19.3M | -16.8M | -20.7M | -41.3M | -37.3M | -30.9M | -26.9M |
| Depreciation & amortization | 3K | 258K | 0 | 0 | 282K | — | — | — | — | — |
| Stock-based compensation | 354K | 3.2M | 395K | 573K | 578K | 1M | 1.7M | 2.1M | 1.6M | 2M |
| Change in working capital | 21.7M | 8.4M | -7.9M | 12K | 5M | -7.2M | 742K | 1.8M | -2.7M | -1.2M |
| Operating cash flow | 8.3M | -8.7M | -32.1M | -18.2M | -11.1M | -31.3M | -28.7M | -33M | -31.4M | -28.4M |
| Capital expenditure | -6K | — | — | — | — | — | — | — | — | — |
| Investing cash flow | -91K | 12.2M | 0 | — | — | — | — | — | — | — |
| Dividends paid | — | 0 | -487K | 0 | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | -1.1M | 5.5M | 23.1M | 16M | 29.9M | 9M | 24M | 22.2M | 46.1M | 22.5M |
| Net change in cash | 7.1M | 9M | -9M | -2.2M | 18.8M | -22.3M | -4.7M | -10.8M | 14.7M | -5.9M |
| Free cash flow | -11.8M | -11M | -30.4M | -17.6M | -10.4M | -26M | -28.3M | -36.9M | -35.4M | -28.4M |
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 | 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 | -9.3M | -8.1M | -9.6M | -7.5M | -7.1M | -6.7M | -5.8M | -6.6M | -6.8M | -7.7M | -8.4M | -9.6M |
| Depreciation & amortization | — | — | — | — | — | — | — | — | — | — | — | — |
| Stock-based compensation | 543K | 497K | 476K | 334K | 381K | 373K | 505K | 501K | 503K | 447K | 798K | 1M |
| Change in working capital | 477K | 1.2M | 1.7M | -1.2M | -1.9M | -1.3M | 118K | -600K | -1.2M | 501K | 526K | -706K |
| Operating cash flow | -8.1M | -6.3M | -7.3M | -8.2M | -8.5M | -7.5M | -5M | -7.3M | -7.1M | -4.9M | -8.8M | -7.6M |
| Capital expenditure | — | — | — | — | — | — | — | — | — | — | — | — |
| Investing cash flow | — | — | — | — | — | — | — | — | — | — | — | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 0 | 3.4M | 26.5M | 59K | 19.5M | 71K | 23M | 21K | 0 | 0 | 0 | 0 |
| Net change in cash | -8.1M | -2.9M | 19.3M | -8.1M | 11M | -7.4M | 18M | -7.3M | -7.1M | -4.9M | -8.8M | -7.6M |
| Free cash flow | -9.9M | -4.8M | -10.8M | -9.7M | -7.8M | -7.2M | -9.1M | -7.3M | -7.1M | -4.9M | -8.8M | -7.6M |