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 | -$2.12 | -$5.17 | -143.9% | — | $0 | — |
| Q1 26 | -$12.9 | -$8.5 | +34.1% | — | $0 | — |
| Q3 25 | -$34 | -$28.8 | +15.3% | — | $0 | — |
| Q1 25 | -$0.22 | -$0.26 | -18.2% | — | $0 | — |
| Q4 24 | -$147 | -$3.1K | -2018.4% | — | $0 | — |
| Q3 24 | -$148.5 | -$2.7K | -1745.5% | — | $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 | — | -$89.6 | — | — | $0 | — |
| FY24 | — | -$395.4 | — | — | $0 | — |
| FY23 | — | -$0.61 | — | — | $0 | — |
| FY22 | — | -$0.39 | — | — | $0 | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 |
| YoY change | — | 0% | 0% | 0% |
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 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — |
| Gross profit | — | — | — | — |
| Gross margin | — | — | — | — |
| Research & development | 3.2M | 3.7M | 5.8M | 7.1M |
| Selling, general & administrative | 577K | 928K | 6.7M | 4.5M |
| Operating expenses | 3.8M | 4.6M | 12.5M | 11.6M |
| Operating income | -3.9M | -4.7M | -12.6M | -11.6M |
| Operating margin | — | — | — | — |
| Non-operating income, net | 367K | -539K | 903K | -406K |
| Pretax income | -3.5M | -5.1M | -16.5M | -11.9M |
| Income tax | 24K | 32K | 10K | 3K |
| Net income | -3.5M | -5.1M | -16.5M | -11.9M |
| Net margin | — | — | — | — |
| EBITDA | -4.2M | -4.1M | -16.2M | -11.8M |
| EPS | -0.39 | -0.61 | -395.4 | -89.6 |
| Diluted EPS | -0.39 | -0.61 | -395.4 | -89.6 |
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 | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Research & development | 535K | 1.3M | 961K | 766K | 3.2M | 871K | 590K | 1M | 2.2M | 3.4M | 1.4M | 2.2M |
| Selling, general & administrative | 186K | 465K | 281K | 612K | 4.8M | 1M | 1.1M | 1.3M | 1.1M | 1M | 1.4M | 1.5M |
| Operating expenses | 721K | 1.7M | 1.2M | 1.4M | 8M | 1.9M | 1.6M | 2.3M | 3.3M | 4.4M | 2.7M | 3.7M |
| Operating income | -731K | -1.7M | -1.3M | -1.4M | -8M | -1.9M | -1.6M | -2.3M | -3.3M | -4.4M | -2.7M | -3.7M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | -69K | -22K | -187K | -106K | 1M | 180K | 6K | -259K | -32K | -319K | -27K | 114K |
| Pretax income | -803K | -1.7M | -1.4M | -1.5M | -11.9M | -1.7M | -1.7M | -2.5M | -3.3M | -4.4M | -2.7M | -3.6M |
| Income tax | 6K | 6K | 5K | 2K | 2K | 1K | — | 3K | 0 | 0 | — | — |
| Net income | -809K | -1.7M | -1.4M | -1.5M | -11.9M | -1.7M | -1.7M | -2.5M | -3.3M | -4.4M | -2.7M | -3.6M |
| Net margin | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -652K | -1.7M | -1.1M | -1.4M | -8M | -5.8M | -1.7M | -2.4M | -3.2M | -4.4M | -2.7M | -3.6M |
| EPS | -0.1 | — | -1.52 | -1.63 | -274.1 | — | -3.9 | 43.2 | -28.8 | — | -8.5 | -5.17 |
| Diluted EPS | -0.1 | — | -1.52 | -1.63 | -274.1 | — | -3.9 | 43.2 | -28.8 | — | -8.5 | -5.17 |
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 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|
| Market cap | 12.3B | 13.3B | — | — | 1.4M |
| Enterprise value | 12.3B | 13.3B | — | — | 628.3K |
| Shares outstanding | 8.2M | 8.2M | 41.6K | 133K | 133K |
| Metric | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|
| P/E | — | — | — | — | 0 |
| P/B | -1.7K | -1.1K | — | — | 31.1 |
| EV/EBITDA | -3K | -3.2K | — | — | -0.04 |
| Earnings yield | — | — | — | — | 24.3K% |
| FCF yield | -0.03% | -0.03% | — | — | -863.9% |
| PEG | — | — | — | — | -0 |
| Metric | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|
| Operating margin | — | — | — | — | 0% |
| Net margin | — | — | — | — | 0% |
| ROE | 49.3% | 42.4% | 414.1% | -457.6% | -457.6% |
| ROA | -37.4% | -97.2% | -577% | -165.1% | -165.1% |
| ROIC | 25.6% | 28.4% | 1.8K% | 860.4% | 860.4% |
| Return on tangible assets | -37.4% | -97.2% | -577% | -165.1% | -328.7% |
| Metric | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|
| Current ratio | 5.49 | 2.27 | 0.64 | 2.41 | 0.94 |
| Quick ratio | 5.49 | 2.27 | 0.64 | 2.41 | 0.94 |
| Debt / equity | -0.04 | -0.01 | -1.13 | 0.78 | 32 |
| Debt / assets | 0.03 | 0.03 | 1.57 | 0.28 | 0.1 |
| Net debt / EBITDA | 1.92 | 1.08 | -0.2 | 0.34 | 0.13 |
| Interest coverage | — | — | -2.4K | -915.1 | -915.1 |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% |
| Metric | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 0 | 0 | 0 |
| EPS (basic) | -0.39 | -0.61 | -395.4 | -89.6 | -89.6 |
| EPS (diluted) | -0.39 | -0.61 | -395.4 | -89.6 | -19.9 |
| Book value per share | -0.87 | -1.48 | -95.9 | 19.6 | 0.01 |
| FCF per share | -0.41 | -0.56 | -202.4 | -81.4 | -18.1 |
| Cash per share | 1.01 | 0.56 | 28.5 | 45.1 | 0.4 |
| Capex per share | 0 | 0.01 | 0.53 | — | — |
| Metric | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|
| Capex / operating cash flow | -1.07% | -1.45% | -0.37% | — | — |
| Payout ratio | — | — | — | — | 0% |
| 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% |
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 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Cash & short-term investments | 8.3M | 4.6M | 1.2M | 6M |
| Receivables | — | — | — | — |
| Inventory | — | — | — | — |
| Total current assets | 8.8M | 5M | 2.3M | 6.6M |
| Property, plant & equipment | 464K | 247K | 560K | 437K |
| Goodwill & intangibles | — | — | — | — |
| Total assets | 9.3M | 5.3M | 2.9M | 7.2M |
| Accounts payable | 240K | 319K | 929K | 787K |
| Short-term debt | 115K | 112K | 1.2M | 182K |
| Total current liabilities | 1.6M | 2.2M | 3.5M | 2.8M |
| Long-term debt | 156K | 59K | 3.3M | 1.9M |
| Total liabilities | 16.4M | 17.3M | 6.9M | 4.6M |
| Shareholders' equity | -7.1M | -12.1M | -4M | 2.6M |
| Total debt | 271K | 171K | 4.5M | 2M |
| Net debt | -8M | -4.4M | 3.3M | -4M |
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 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 4.6M | 2.8M | 1.7M | 2M | 1.2M | 6.2M | 3.5M | 9.2M | 6M | 2.4M | 2.2M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 5M | 3.3M | 2.3M | 3M | 2.3M | 7.7M | 5.2M | 11.1M | 6.6M | 4.1M | 3.7M |
| Property, plant & equipment | 247K | 216K | 180K | 35K | 560K | 534K | 502K | 468K | 437K | 403K | 368K |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 5.3M | 3.6M | 2.5M | 3.1M | 2.9M | 8.3M | 5.8M | 11.6M | 7.2M | 4.6M | 4.2M |
| Accounts payable | 319K | 244K | 281K | 799K | 929K | 722K | 692K | 946K | 787K | 912K | 1.2M |
| Short-term debt | 112K | 110K | 108K | 229K | 1.2M | 155K | 171K | 174K | 182K | 1.7M | 199K |
| Total current liabilities | 2.2M | 1.9M | 2.4M | 3.6M | 3.5M | 2.4M | 2.1M | 2.8M | 2.8M | 4.1M | 4M |
| Long-term debt | 59K | 34K | 8K | 4.1M | 3.3M | 3.3M | 3.5M | 1.9M | 1.9M | 251K | 226K |
| Total liabilities | 17.3M | 17M | 17.4M | 7.7M | 6.9M | 5.7M | 5.7M | 4.6M | 4.6M | 4.3M | 4.2M |
| Shareholders' equity | -12.1M | -13.4M | -14.9M | -4.6M | -4M | 2.6M | 120K | 7M | 2.6M | 291K | 44K |
| Total debt | 171K | 144K | 116K | 4.3M | 4.5M | 3.5M | 3.7M | 2M | 2M | 2M | 425K |
| Net debt | -4.4M | -2.6M | -1.6M | 2.3M | 3.3M | -2.7M | 232K | -7.2M | -4M | -424K | -1.8M |
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 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Net income | -3.5M | -5.1M | -16.5M | -11.9M |
| Depreciation & amortization | 57K | 45K | 25K | 14K |
| Stock-based compensation | 125K | 130K | 5.9M | 134K |
| Change in working capital | -165K | 57K | 950K | 103K |
| Operating cash flow | -3.7M | -4.6M | -5.9M | -10.8M |
| Capital expenditure | -40K | 66K | -22K | — |
| Investing cash flow | -524K | 573K | -22K | -5K |
| Dividends paid | — | — | — | — |
| Share repurchases | — | — | — | — |
| Financing cash flow | 2.7M | 522K | 5.1M | 15.6M |
| Net change in cash | -1.5M | -3.5M | -800K | 4.8M |
| Free cash flow | -3.4M | -4.5M | -8.4M | -10.8M |
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 | -809K | -1.7M | -1.4M | -1.5M | -11.9M | -1.7M | -1.7M | -2.5M | -3.3M | -4.4M | -2.7M | -3.6M |
| Depreciation & amortization | 10K | 6K | 8K | 7K | 22K | -12K | 4K | 3K | 4K | 3K | 2K | 3K |
| Stock-based compensation | 32K | 34K | 32K | 32K | 5.8M | 0 | 21K | 37K | 38K | 38K | 345K | 197K |
| Change in working capital | 140K | 50K | -70K | 38K | 892K | 69K | -222K | -29K | 361K | -7K | -245K | 314K |
| Operating cash flow | -519K | -1.6M | -1.3M | -1.3M | -1.3M | -1.9M | -1.9M | -2.5M | -2.8M | -3M | -3.6M | -2.9M |
| Capital expenditure | 72K | -4K | -6K | 0 | -16K | 0 | -6K | — | — | — | — | — |
| Investing cash flow | 72K | -4K | -6K | 0 | -16K | 0 | -6K | — | — | — | — | -1K |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 0 | 0 | — | 0 | 2.9M | 2.4M | 3.3M | -195K | 6.8M | 2.4M | 83K | 2.7M |
| Net change in cash | -447K | -1.6M | -1.3M | -1.3M | 1.6M | 508K | 1.4M | -2.7M | 4M | -593K | -3.6M | -186K |
| Free cash flow | -691K | -1.3M | -1.8M | -1.1M | -2.7M | -2.9M | -2.5M | -2.5M | -2.8M | -3M | -3.6M | -2.9M |