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 | -$0.26 | -$0.42 | -61.5% | — | $17K | — |
| Q1 26 | -$0.36 | -$0.14 | +61.1% | — | $16K | — |
| Q4 25 | -$0.47 | -$0.53 | -12.8% | — | $22K | — |
| Q3 25 | -$0.57 | -$0.69 | -21.1% | — | $0 | — |
| Q2 25 | -$0.9 | -$0.56 | +37.8% | — | $0 | — |
| Q1 25 | -$0.56 | -$1.41 | -151.8% | — | $0 | — |
| Q4 24 | -$3.13 | -$0.67 | +78.6% | — | $0 | — |
| Q3 23 | -$0.44 | $0.24 | +154.5% | — | $255K | — |
| Q2 23 | -$4.64 | -$4.2 | +9.5% | — | $687K | — |
| Q1 23 | -$0.43 | -$0.42 | +2.3% | — | $1M | — |
| Q4 22 | -$0.44 | -$0.42 | +4.5% | — | -$191K | — |
| Q3 22 | -$0.46 | -$0.38 | +17.4% | — | $1.5M | — |
| Q2 22 | — | -$0.86 | — | — | $1.1M | — |
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 | — | -$2.73 | — | — | $22K | — |
| FY24 | — | -$12 | — | — | $0 | — |
| FY23 | — | -$16 | — | — | $2M | — |
| FY22 | — | -$22.3 | — | — | $3.3M | — |
| FY21 | — | -$12.7 | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Revenue | $394K | $2.3M | $3.3M | $2M | $0 | $22K |
| YoY change | — | +481.5% | +43.4% | -39.8% | -100% | +InfinityT% |
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 |
|---|
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Revenue | 394K | 2.3M | 3.3M | 2M | 0 | 22K |
| Cost of revenue | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — |
| Research & development | 16M | 22M | 28.1M | 32.1M | 34.4M | 37.6M |
| Selling, general & administrative | 9.3M | 21.3M | 37.6M | 34.9M | 23.5M | 23.4M |
| Operating expenses | 25.1M | 42.7M | 64.8M | 66.4M | 57.9M | 61M |
| Operating income | -24.7M | -40.4M | -62.1M | -66.8M | -60.7M | -63.7M |
| Operating margin | -6.3K% | -1.8K% | -1.9K% | -3.4K% | — | -289.7K% |
| Non-operating income, net | 4.7M | -14.9M | 10.7M | -19.5M | 7M | 1.4M |
| Pretax income | -19.9M | -55.3M | -49.7M | -83.4M | -52.8M | -61.4M |
| Income tax | — | — | — | — | — | — |
| Net income | -19.9M | -55.3M | -58.2M | -71.1M | -52.8M | -61.4M |
| Net margin | -5K% | -2.4K% | -1.8K% | -3.6K% | — | -279.3K% |
| EBITDA | -22.5M | -37.4M | -68.9M | -39.5M | -41.9M | -55M |
| EPS | -4.55 | -12.7 | -22.3 | -16 | -12 | -2.73 |
| Diluted EPS | -4.55 | -12.7 | -22.3 | -16 | -12 | -2.73 |
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 | 255K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 22K | 16K | 17K |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Research & development | 9.1M | 9.1M | 8.8M | 9.2M | 8.7M | 7.8M | 9.3M | 10M | 10.5M | 7.8M | 5.3M | 7.8M |
| Selling, general & administrative | 8.4M | 7M | 6.8M | 3.5M | 5.5M | 7.7M | 6.4M | 6.1M | 5.8M | 5.2M | 5.8M | 6.3M |
| Operating expenses | 17.4M | 16.1M | 15.6M | 12.6M | 14.2M | 15.5M | 15.7M | 16.1M | 16.3M | 12.9M | 11M | 14M |
| Operating income | -18.2M | -18.4M | -16.3M | -13.4M | -14.9M | -16.2M | -16.4M | -16.8M | -16.9M | -13.6M | -11.5M | -14.5M |
| Operating margin | -7.1K% | — | — | — | — | — | — | — | — | -61.7K% | -71.9K% | -85.2K% |
| Non-operating income, net | -19M | -687K | 3.9M | 1.9M | -14.1M | 15.3M | 1.9M | 1.8M | -1.3M | -980K | 7.2M | 1.7M |
| Pretax income | -36.6M | -18.7M | -12.1M | -11.2M | -28.9M | -610K | -14.1M | -14.7M | -18.1M | -14.5M | -4.2M | -12.8M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — |
| Net income | -14.9M | -18.7M | -12.1M | -11.2M | -28.9M | -610K | -14.1M | -14.7M | -18.1M | -14.5M | -4.2M | -12.8M |
| Net margin | -5.9K% | — | — | — | — | — | — | — | — | -65.8K% | -26.4K% | -75K% |
| EBITDA | 3.5M | -14.8M | -17.2M | -12.2M | 2.3M | -14.7M | -14.9M | -14.8M | -16M | -12.7M | -17.7M | -13.8M |
| EPS | -3.36 | — | -2.6 | -2.45 | -6.31 | -0.67 | -1.41 | -0.56 | -0.69 | -0.53 | -0.14 | -0.41 |
| Diluted EPS | -3.36 | — | -2.6 | -2.45 | -6.31 | -0.67 | -1.41 | -0.56 | -0.69 | -0.53 | -0.14 | -0.41 |
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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Market cap | — | — | — | — | — | — | 9.7M |
| Enterprise value | — | — | — | — | — | — | 23.9M |
| Shares outstanding | 4.4M | 4.4M | 2.6M | 4.4M | 4.6M | 22.5M | 22.5M |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | 4.27 |
| P/S | — | — | — | — | — | — | 186.5 |
| P/B | — | — | — | — | — | — | -2.84 |
| EV/EBITDA | — | — | — | — | — | — | -0.48 |
| EV/Sales | — | — | — | — | — | — | 434.1 |
| Earnings yield | — | — | — | — | — | — | 23.4% |
| FCF yield | — | — | — | — | — | — | -177.2% |
| PEG | — | — | — | — | — | — | -0.16 |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Operating margin | -6.3K% | -1.8K% | -1.9K% | -3.4K% | — | -289.7K% | -79.4K% |
| Net margin | -5K% | -2.4K% | -1.8K% | -3.6K% | — | -279.3K% | 0% |
| ROE | 33.8% | 49.6% | -45.7% | -106.2% | -205.8% | -1.1K% | -466.5% |
| ROA | -41.1% | -57.2% | -32.2% | -59.5% | -54% | -119.9% | -65.6% |
| Return on tangible assets | -41.1% | -57.2% | -32.2% | -59.5% | -54% | -119.9% | -149.7% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Current ratio | 6.52 | 4.14 | 5.68 | 5.62 | 4.49 | 1.67 | 0.82 |
| Quick ratio | 6.52 | 4.14 | 5.68 | 5.62 | 4.49 | 1.67 | 0.83 |
| Debt / equity | -0.24 | -0.2 | 0.29 | 0.56 | 1.31 | 5.17 | -0.06 |
| Debt / assets | 0.29 | 0.24 | 0.21 | 0.32 | 0.34 | 0.56 | 0.61 |
| Net debt / EBITDA | 0.73 | 0.89 | 0.89 | -0.04 | 0.35 | -0.23 | -0.23 |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Revenue per share | 0.09 | 0.52 | 1.26 | 0.45 | 0 | 0 | 0 |
| EPS (basic) | -4.55 | -12.7 | -22.3 | -16 | -12 | -2.73 | -2.73 |
| EPS (diluted) | -4.55 | -12.7 | -22.3 | -16 | -12 | -2.73 | -1.69 |
| Book value per share | -13.4 | -25.5 | 48.7 | 15.1 | 5.58 | 0.25 | -0.11 |
| FCF per share | -5.8 | -9.2 | -29.2 | -14.5 | -9.01 | -1.94 | -1.22 |
| Cash per share | 6.99 | 12.8 | 37.7 | 8.1 | 10.5 | 0.73 | 0.21 |
| Capex per share | 0.27 | 1.27 | 15.8 | 2.69 | 0.01 | — | — |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Capex / revenue | 294.7% | 241.9% | 1.3K% | 603.3% | — | — | — |
| Capex / operating cash flow | -4.81% | -15.6% | -120.4% | -19.2% | -0.08% | — | — |
| Payout ratio | — | — | — | — | — | — | 0% |
| — |
| $2.3M |
| — |
| FY20 | — | -$4.55 | — | — | $394K | — |
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $255K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $22K | $16K | $17K |
| YoY change | -83.2% | +100% | -100% | -100% | -100% | 0% | 0% | 0% | 0% | +InfinityT% | +InfinityT% | +InfinityT% |
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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Cash & short-term investments | 30.5M | 56M | 98.6M | 35.9M | 48.3M | 16.4M |
| Receivables | 88K | 483K | 626K | 112K | 159K | 323K |
| Inventory | — | — | — | — | — | — |
| Total current assets | 31.7M | 60.2M | 102.6M | 71.2M | 59M | 23.3M |
| Property, plant & equipment | 16.1M | 33.1M | 69.8M | 41.6M | 35.2M | 24.4M |
| Goodwill & intangibles | — | — | — | — | — | — |
| Total assets | 48.3M | 96.7M | 180.8M | 119.5M | 97.8M | 51.2M |
| Accounts payable | 914K | 5.2M | 1.4M | 1.3M | 1.5M | 2.9M |
| Short-term debt | 1.5M | 1.7M | 2M | 4.1M | 4.8M | 5.3M |
| Total current liabilities | 4.9M | 14.5M | 18.1M | 12.7M | 13.1M | 14M |
| Long-term debt | 12.5M | 21M | 35.1M | 33.5M | 28.9M | 23.6M |
| Total liabilities | 107.1M | 208.2M | 53.5M | 52.6M | 72.2M | 45.6M |
| Shareholders' equity | -58.7M | -111.5M | 127.3M | 66.9M | 25.6M | 5.6M |
| Total debt | 14M | 22.7M | 37.1M | 37.7M | 33.6M | 28.9M |
| Net debt | -16.5M | -33.3M | -20.5M | 1.7M | -14.6M | 12.5M |
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 | 39.4M | 35.9M | 23.7M | 15.9M | 10.5M | 48.3M | 33.8M | 21.6M | 12.2M | 16.4M | 8.9M | 6.5M |
| Receivables | 138K | 112K | 76K | 39K | 74K | 159K | 127K | 168K | 147K | 323K | 172K | 0 |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 79M | 71.2M | 55.7M | 44.3M | 17.4M | 59M | 45.2M | 32.5M | 18.2M | 23.3M | 14.8M | 13M |
| Property, plant & equipment | 43.5M | 41.6M | 40.2M | 38.6M | 36.7M | 35.2M | 33.9M | 32.4M | 31M | 24.4M | 19.9M | 18.7M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 131.8M | 119.5M | 102.2M | 86.9M | 57.7M | 97.8M | 82.8M | 68.5M | 52.7M | 51.2M | 38.2M | 33.1M |
| Accounts payable | 2M | 1.3M | 1.6M | 1.2M | 793K | 1.5M | 1.6M | 1M | 1.8M | 2.9M | 1.1M | 2.2M |
| Short-term debt | 2.7M | 4.1M | 4.3M | 4.4M | 4.6M | 4.8M | 4.8M | 5M | 5.2M | 5.3M | 5.9M | 7.5M |
| Total current liabilities | 10.1M | 12.7M | 9.6M | 9.1M | 9.1M | 13.1M | 10.7M | 10M | 12M | 14M | 14.3M | 15.8M |
| Long-term debt | 34.6M | 33.5M | 32.4M | 31.3M | 30.1M | 28.9M | 27.6M | 26.3M | 25M | 23.6M | 13.3M | 12.7M |
| Total liabilities | 48.8M | 52.6M | 46.1M | 42.8M | 41.7M | 72.2M | 44.9M | 43.9M | 44.6M | 45.6M | 35.7M | 36.5M |
| Shareholders' equity | 82.9M | 66.9M | 56.1M | 44.1M | 16M | 25.6M | 37.9M | 24.7M | 8.1M | 5.6M | 2.6M | -3.4M |
| Total debt | 37.3M | 37.7M | 36.7M | 35.7M | 34.7M | 33.6M | 32.4M | 31.3M | 30.1M | 28.9M | 19.1M | 20.2M |
| Net debt | -2.1M | 1.7M | 13M | 19.9M | 24.2M | -14.6M | -1.4M | 9.7M | 17.9M | 12.5M | 10.2M | 13.8M |
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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Net income | -19.9M | -55.3M | -58.2M | -71.1M | -52.8M | -61.4M |
| Depreciation & amortization | 2M | 3M | 3.9M | 5.4M | 5.9M | 3.6M |
| Stock-based compensation | 272K | 2.3M | 16.4M | 9.7M | 1.8M | 5.7M |
| Change in working capital | -1.5M | -317K | 13.2M | -845K | -4.1M | -715K |
| Operating cash flow | -24.1M | -35.6M | -34.4M | -62M | -43.6M | -43.4M |
| Capital expenditure | -1.2M | -5.5M | -41.4M | -11.9M | 34K | — |
| Investing cash flow | 11.4M | -5.5M | -82M | 30.1M | 34K | — |
| Dividends paid | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — |
| Financing cash flow | 37.7M | 66.9M | 117.9M | 404K | 53.7M | 581K |
| Net change in cash | 24.9M | 25.8M | 1.5M | -31.5M | 10.2M | -42.9M |
| Free cash flow | -25.3M | -40.2M | -76.3M | -64.4M | -41.4M | -43.6M |
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 | 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 | -14.9M | -18.7M | -12.1M | -11.2M | -28.9M | -610K | -14.1M | -14.7M | -18.1M | -14.5M | -4.2M | -12.8M |
| Depreciation & amortization | 1.8M | 1.5M | 1.5M | 1.5M | 1.5M | 1.5M | 1.5M | 2M | 904K | 893K | 688K | 667K |
| Stock-based compensation | 409K | 2.1M | 1.3M | -776K | 668K | 605K | 1.2M | 1.5M | 1.6M | 1.4M | 1.3M | 1M |
| Change in working capital | -2.9M | 721K | -663K | -1.7M | -1.6M | -314K | -1.3M | -3.3M | 1.7M | 1M | 1.6M | -1.4M |
| Operating cash flow | -15.8M | -13.6M | -12.4M | -8.5M | -10.4M | -12.3M | -12.7M | -13.1M | -9.4M | -6.9M | -7.5M | -14.2M |
| Capital expenditure | -1.9M | 101K | -15K | 0 | 60K | -11K | 0 | — | — | — | — | — |
| Investing cash flow | 21.1M | 101K | -15K | 0 | 60K | -11K | 0 | — | — | — | — | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | -23K | -23K | 0 | 0 | 10K | 49M | -414K | 477K | 124K | -140K | -118K | -25K |
| Net change in cash | 5.3M | -13.6M | -12.4M | -8.5M | -10.3M | 36.8M | -13.2M | -12.6M | -9.3M | -7M | -7.6M | -14.3M |
| Free cash flow | -17.2M | -7M | -11.7M | -8.3M | -7.9M | -13.5M | -14.1M | -13.3M | -9.4M | -6.9M | -7.5M | -14.2M |