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 % |
|---|---|---|---|---|---|---|
| Q1 26 | -$0.62 | -$131.4 | -21101.6% | — | $0 | — |
| Q4 25 | -$4.81 | -$3.74 | +22.2% | — | $0 | — |
| Q3 25 | -$4.11 | -$3.62 | +11.9% | — | $0 | — |
| Q2 25 | -$5 | -$3.91 | +21.8% | — | $0 | — |
| Q1 25 | -$0.22 | -$0.27 | -22.7% | — | $0 | — |
| Q4 24 | -$5.8 | -$5.46 | +5.9% | — | $0 | — |
| Q3 24 | -$6.38 | -$5.8 | +9.1% | — | $0 | — |
| Q2 24 | -$5.49 | -$5.6 | -2.0% | — | $0 | — |
| Q1 24 | -$0.28 | -$0.32 | -14.3% | — | $0 | — |
| Q4 23 | -$6.13 | -$6 | +2.1% | — | $0 | — |
| Q3 23 | -$6.78 | -$5.58 | +17.7% | — | $0 | — |
| Q2 23 | -$6.91 | -$6.2 | +10.3% | — | $0 | — |
| Q1 23 | -$0.36 | -$0.33 | +8.3% | — | $0 | — |
| Q4 22 | -$8 | -$8 | 0.0% | — | $0 | — |
| Q3 22 | -$0.37 | -$0.44 | -18.9% | — | $0 | — |
| Q2 22 | -$0.39 | -$0.34 | +12.8% | — | $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 | — | -$16.7 | — | — | $0 | — |
| FY24 | — | -$24 | — | — | $0 | — |
| FY23 | — | -$1.22 | — | — | $0 | — |
| FY22 | — | -$1.58 | — | — | $0 | — |
| FY21 | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| YoY change | — | 0% | 0% | 0% | 0% | 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 |
|---|
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — |
| Research & development | 8.2M | 8.3M | 11.2M | 21.7M | 30.4M | 18.3M | 18.6M | 11M |
| Selling, general & administrative | 4.5M | 4.1M | 7.5M | 15.8M | 19.8M | 18.8M | 13M | 11.3M |
| Operating expenses | 12.7M | 12.4M | 18.7M | 37.5M | 50.2M | 37.1M | 31.7M | 22.3M |
| Operating income | -12.7M | -12.4M | -18.7M | -37.5M | -50.2M | -37.1M | -31.7M | -22.3M |
| Operating margin | — | — | — | — | — | — | — | — |
| Non-operating income, net | 28K | -2M | 302K | 558K | 36K | -517K | -954K | -4K |
| Pretax income | -13M | -16.7M | -20.1M | -36.8M | -48.6M | -34.1M | -30.2M | -21.1M |
| Income tax | — | — | — | — | — | — | — | — |
| Net income | -13M | -16.7M | -20.1M | -36.8M | -48.6M | -34.1M | -30.2M | -21.1M |
| Net margin | — | — | — | — | — | — | — | — |
| EBITDA | -12.7M | -12.4M | -18.5M | -36M | -47M | -32.3M | -27.8M | -20.9M |
| EPS | -24.6 | -1.67 | -0.68 | -1.33 | -1.58 | -1.22 | -24 | -16.7 |
| Diluted EPS | -24.6 | -1.67 | -0.68 | -1.33 | -1.58 | -1.22 | -24 | -16.7 |
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 | 3.8M | 4.5M | 4.9M | 4.6M | 4.6M | 4.5M | 3.7M | 2.5M | 2.5M | 2.2M | 150.9M | 9.2M |
| Selling, general & administrative | 3.9M | 3.6M | 3.8M | 3.2M | 3.2M | 2.8M | 3.5M | 2.7M | 2.3M | 2.8M | 19.7M | 9.2M |
| Operating expenses | 7.7M | 8.1M | 8.7M | 7.8M | 7.8M | 7.3M | 7.3M | 5.2M | 4.9M | 5M | 170.6M | 18.4M |
| Operating income | -7.7M | -8.1M | -8.7M | -7.8M | -7.8M | -7.3M | -7.3M | -5.2M | -4.9M | -5M | -170.6M | -18.4M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | -231K | -67K | -2K | — | — | -952K | 18K | -41K | -1K | 20K | -1K | 120K |
| Pretax income | -7.1M | -7.4M | -8M | -7.1M | -7.3M | -7.8M | -6.9M | -4.9M | -4.6M | -4.7M | -170.2M | -16M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — |
| Net income | -7.1M | -7.4M | -8M | -7.1M | -7.3M | -7.8M | -6.9M | -4.9M | -4.6M | -4.7M | -170.2M | -16M |
| Net margin | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -6.8M | -7.1M | -7.6M | -6.8M | -6.9M | -6.5M | -6.8M | -4.8M | -4.5M | -4.7M | -170.6M | -18.4M |
| EPS | -0.28 | — | -0.32 | -0.28 | -5.8 | — | -5.4 | -3.91 | -3.62 | — | -131.4 | -2.84 |
| Diluted EPS | -0.28 | — | -0.32 | -0.28 | -5.8 | — | -5.4 | -3.91 | -3.62 | — | -131.4 | -2.84 |
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 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Market cap | — | — | — | — | — | — | — | — | 37.6M |
| Enterprise value | — | — | — | — | — | — | — | — | -182.3M |
| Shares outstanding | 685.2K | 12.3M | 29.6M | 27.7M | 30.7M | 28M | 1.3M | 1.3M | 1.3M |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | — | -1.67 |
| P/B | — | — | — | — | — | — | — | — | 0.91 |
| EV/EBITDA | — | — | — | — | — | — | — | — | 0.98 |
| Earnings yield | — | — | — | — | — | — | — | — | -59.7% |
| FCF yield | — | — | — | — | — | — | — | — | -245.5% |
| PEG | — | — | — | — | — | — | — | — | 0.06 |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | — | — | — | 0% |
| Net margin | — | — | — | — | — | — | — | — | 0% |
| ROE | 24.4% | 24.4% | 35.6% | -25.1% | -47% | -52.5% | -78.6% | -113.4% | -113.4% |
| ROA | -704.8% | -1.4K% | -93.8% | -24% | -41% | -45.9% | -66.5% | -92.1% | -95.2% |
| Return on tangible assets | -704.8% | -1.4K% | -93.8% | -24% | -41% | -45.9% | -66.5% | -92.1% | -103.3% |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 0.48 | 0.02 | 4.16 | 30.4 | 12 | 11.9 | 7.7 | 5.06 | 14.4 |
| Quick ratio | 0.48 | 0.02 | 4.16 | 30.4 | 12 | 11.9 | 7.7 | 5.06 | 19.7 |
| Debt / equity | -0.09 | -0.23 | -0.01 | 0.02 | 0.08 | 0.1 | 0.1 | 0.08 | 0 |
| Debt / assets | 2.57 | 13.2 | 0.03 | 0.02 | 0.07 | 0.08 | 0.08 | 0.07 | 0 |
| Net debt / EBITDA | -0.32 | -1.28 | 0.86 | 4.03 | 2.11 | 1.84 | 1.35 | 0.94 | 0.94 |
| Interest coverage | -38.9 | -6.42 | -10.9 | -53.9 | -220.9 | -235.8 | -334.1 | -657.9 | -657.9 |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (basic) | -24.6 | -1.67 | -0.68 | -1.33 | -1.58 | -1.22 | -24 | -16.7 | -16.7 |
| EPS (diluted) | -24.6 | -1.67 | -0.68 | -1.33 | -1.58 | -1.22 | -24 | -16.7 | -142.7 |
| Book value per share | -78.1 | -5.57 | -1.91 | 5.29 | 3.37 | 2.32 | 30.6 | 14.7 | -102.4 |
| FCF per share | -15.1 | -0.7 | -0.64 | -1.17 | -1.28 | -1.15 | -19.8 | -16.2 | -6 |
| Cash per share | 0.95 | 0.02 | 0.56 | 5.33 | 3.49 | 2.35 | 32.9 | 16.8 | 151.1 |
| Capex per share | 0.05 | 0 | 0.04 | 0.06 | 0.01 | 0 | 0.12 | — | — |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Capex / operating cash flow | -0.3% | -0.45% | -7.73% | -5.49% | -0.75% | -0.05% | -0.59% | — | — |
| Payout ratio | — | — | — | — | — | — | — | — | 0% |
| -$1.33 |
| — |
| — |
| $0 |
| — |
| FY20 | — | -$0.68 | — | — | $0 | — |
| FY19 | — | -$1.67 | — | — | $0 | — |
| FY18 | — | -$24.6 | — | — | $0 | — |
| 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 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 653K | 251K | 16.6M | 147.6M | 107.1M | 65.8M | 41.3M | 21.2M |
| Receivables | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — |
| Total current assets | 1.3M | 502K | 20.1M | 148.5M | 108.6M | 67.3M | 41.9M | 21.5M |
| Property, plant & equipment | 123K | 268K | 1.3M | 4.6M | 9.7M | 7M | 3.4M | 1.4M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — |
| Total assets | 1.9M | 1.2M | 21.4M | 153.2M | 118.4M | 74.4M | 45.4M | 22.9M |
| Accounts payable | 1.1M | 3.5M | 3.9M | 2.5M | — | — | — | 689K |
| Short-term debt | 696K | 16.1M | 32K | 680K | 2.1M | 2.4M | 2.3M | 1.4M |
| Total current liabilities | 2.7M | 21.7M | 4.8M | 4.9M | 9.1M | 5.6M | 5.4M | 4.3M |
| Long-term debt | 4M | — | 653K | 1.7M | 5.9M | 3.8M | 1.5M | 59K |
| Total liabilities | 55.3M | 69.9M | 77.9M | 6.7M | 15M | 9.5M | 7M | 4.3M |
| Shareholders' equity | -53.5M | -68.7M | -56.4M | 146.5M | 103.4M | 64.9M | 38.4M | 18.6M |
| Total debt | 4.7M | 16.1M | 685K | 2.4M | 8M | 6.2M | 3.8M | 1.5M |
| Net debt | 4.1M | 15.8M | -15.9M | -4.8M | -9.8M | -6.8M | -6.1M | -7.2M |
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 | 72M | 65.8M | 58.1M | 52.3M | 47M | 41.3M | 34.3M | 28.6M | 25M | 21.2M | 202.8M | 186.4M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 73.8M | 67.3M | 60.2M | 53.9M | 48.1M | 41.9M | 35.7M | 29.6M | 25.8M | 21.5M | 204.2M | 188.7M |
| Property, plant & equipment | 7.7M | 7M | 6.4M | 5.8M | 5.1M | 3.4M | 2.6M | 2.2M | 1.8M | 1.4M | 982K | 568K |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 81.7M | 74.4M | 66.7M | 59.8M | 53.3M | 45.4M | 38.3M | 31.8M | 27.6M | 22.9M | 205.4M | 189.3M |
| Accounts payable | — | — | — | — | — | — | 361K | 351K | 306K | 689K | 3.4M | 2.1M |
| Short-term debt | 2.4M | 2.4M | 2.5M | 2.5M | 2.4M | 2.3M | 2.2M | 2M | 1.9M | 1.4M | 1M | 592K |
| Total current liabilities | 6.2M | 5.6M | 5M | 4.9M | 5.4M | 5.4M | 5.2M | 3.9M | 4.4M | 4.3M | 14.2M | 9.6M |
| Long-term debt | 4.4M | 3.8M | 3.2M | 2.6M | 2M | 1.5M | 1.1M | 596K | 146K | 59K | 1K | 0 |
| Total liabilities | 10.7M | 9.5M | 8.2M | 7.6M | 7.5M | 7M | 6.3M | 4.5M | 4.6M | 4.3M | 342.7M | 16.3M |
| Shareholders' equity | 71M | 64.9M | 58.5M | 52.2M | 45.8M | 38.4M | 32M | 27.3M | 23M | 18.6M | -137.3M | 173M |
| Total debt | 6.8M | 6.2M | 5.6M | 5M | 4.5M | 3.8M | 3.2M | 2.6M | 2M | 1.5M | 1M | 592K |
| Net debt | -4.6M | -6.8M | -5.3M | -6.8M | -14.7M | -6.1M | -6.7M | -10M | -8.5M | -7.2M | -151.3M | -26.3M |
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 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Net income | -13M | -16.7M | -20.1M | -36.8M | -48.6M | -34.1M | -30.2M | -21.1M |
| Depreciation & amortization | 44K | 73K | 209K | 685K | 1.3M | 1.4M | 1.3M | 139K |
| Stock-based compensation | 1.2M | 1.2M | 1.5M | 5.7M | 5.8M | 4.5M | 3.1M | 1.3M |
| Change in working capital | 1.4M | 2.2M | 674K | -711K | -427K | -1.9M | -738K | -2.1M |
| Operating cash flow | -10.4M | -11.9M | -15.6M | -31.1M | -40.7M | -28.8M | -24.9M | -20.5M |
| Capital expenditure | -31K | -53K | -1.2M | -1.7M | -306K | -14K | -146K | — |
| Investing cash flow | -31K | -53K | -1.4M | -143.1M | 49.9M | 38.4M | 22.4M | 19.5M |
| Dividends paid | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | 0 | -10.4M | 0 | -1K |
| Financing cash flow | 750K | 8.1M | 35.4M | 163.8M | -629K | -11.2M | -821K | -652K |
| Net change in cash | -9.7M | -3.9M | 18.4M | -10.4M | 8.7M | -1.6M | -3.3M | -1.6M |
| Free cash flow | -10.3M | -8.6M | -18.9M | -32.3M | -39.3M | -32.2M | -24.8M | -20.5M |
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 | -7.1M | -7.4M | -8M | -7.1M | -7.3M | -7.8M | -6.9M | -4.9M | -4.6M | -4.7M | -170.2M | -16M |
| Depreciation & amortization | 332K | 329K | 331K | 328K | 332K | 331K | 34K | 37K | 34K | 34K | 30K | 25K |
| Stock-based compensation | 1M | 1.1M | 1.2M | 795K | 733K | 391K | 461K | 264K | 254K | 295K | 12.9M | 4.5M |
| Change in working capital | 35K | 44K | -711K | 68K | 76K | 135K | -1.5M | -406K | -512K | -57K | 2.7M | -734K |
| Operating cash flow | -5.4M | -5.6M | -6.8M | -5.6M | -5.7M | -6.5M | -7.5M | -5.9M | -3.6M | -3.9M | -10.7M | -15.7M |
| Capital expenditure | 0 | 0 | -37K | -109K | 0 | 0 | 40K | — | — | — | — | — |
| Investing cash flow | 8.3M | 8.3M | 5.8M | 6.9M | 12.9M | -3.2M | 7.2M | 8.6M | 1.7M | 2.1M | -31.4M | -108.1M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | -2.3M | -252K | — | — | 0 | 0 | — | -1K | 0 | 0 | -15.1M | -1.8M |
| Financing cash flow | -2.5M | -448K | -209K | -201K | -204K | -207K | -214K | -315K | -152K | -113K | 184.8M | -1.8M |
| Net change in cash | 387K | 2.2M | -1.2M | 1.1M | 7M | -9.9M | -511K | 2.3M | -2M | -1.9M | 142.6M | -125.5M |
| Free cash flow | -4.7M | -6.2M | -7.7M | -5.9M | -5.5M | -5.8M | -7.1M | -5.9M | -3.6M | -3.9M | -10.7M | -15.7M |