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 | -$0.31 | -$0.36 | -16.1% | — | $0 | — |
| Q1 26 | -$0.37 | -$0.31 | +16.2% | — | $0 | — |
| Q4 25 | -$0.31 | -$0.38 | -22.6% | — | $0 | — |
| Q3 25 | -$0.38 | -$0.31 | +18.4% | — | $0 | — |
| Q2 25 | -$0.41 | -$0.35 | +14.6% | — | $0 | — |
| Q1 25 | -$0.48 | -$0.29 | +39.6% | — | $0 | — |
| Q4 24 | -$0.56 | -$0.43 | +23.2% | — | $0 | — |
| Q3 24 | -$0.52 | -$0.5 | +3.8% | — | $0 | — |
| Q2 24 | -$0.74 | -$0.45 | +39.2% | — | $0 | — |
| Q1 24 | -$0.92 | -$0.97 | -5.4% | — | $0 | — |
| Q4 23 | -$0.92 | -$0.9 | +2.2% | — | $0 | — |
| Q3 23 | -$0.98 | -$0.87 | +11.2% | — | $0 | — |
| Q2 23 | -$0.94 | -$1 | -6.4% | — | $0 | — |
| Q1 23 | -$0.87 | -$0.8 | +8.0% | — | $0 | — |
| Q4 22 | -$0.65 | -$0.84 | -29.2% | — | $0 | — |
| Q3 22 | -$0.76 | -$0.68 | +10.5% | — | $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 | — | -$1.34 | — | — | $0 | — |
| FY24 | — | -$2.17 | — | — | $0 | — |
| FY23 | — | -$3.57 | — | — | $0 | — |
| FY22 | — | -$5.86 | — | — | $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 | 11.8M | 3.9M | 12M | 21.1M | 16.8M | 25M | 31.7M | 42.6M |
| Selling, general & administrative | 9.5M | 4M | 22.5M | 26.4M | 20.7M | 18.6M | 17.4M | 21.9M |
| Operating expenses | 21.4M | 7.8M | 34.4M | 47.5M | 37.5M | 43.6M | 49.2M | 64.5M |
| Operating income | -21.4M | -7.8M | -34.4M | -47.5M | -37.5M | -43.6M | -49.2M | -64.5M |
| Operating margin | — | — | — | — | — | — | — | — |
| Non-operating income, net | 643K | 262K | — | — | -29.5M | 12K | 423K | 779K |
| Pretax income | -20.7M | -7.8M | -34M | -47.3M | -66M | -40.4M | -44.6M | -57.4M |
| Income tax | — | — | — | — | — | — | — | — |
| Net income | -20.7M | -7.8M | -34M | -47.3M | -66M | -40.4M | -44.6M | -57.4M |
| Net margin | — | — | — | — | — | — | — | — |
| EBITDA | -21.7M | -7.8M | -33.8M | -45.4M | -35.1M | -43.3M | -48.9M | -64.2M |
| EPS | -8.1 | -1.34 | -4.7 | -4.21 | -5.86 | -3.57 | -2.17 | -1.34 |
| Diluted EPS | -8.1 | -1.34 | -4.7 | -4.21 | -5.86 | -3.57 | -2.17 | -1.34 |
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 | 6.2M | 6.4M | 7.7M | 6.4M | 8.1M | 9.5M | 9.1M | 10.8M | 9.6M | 13.1M | 13.6M | 17M |
| Selling, general & administrative | 4.5M | 4.7M | 4.1M | 4.3M | 4.3M | 4.8M | 5M | 5.8M | 5.2M | 6M | 6.1M | 6.4M |
| Operating expenses | 10.7M | 11M | 11.9M | 10.7M | 12.3M | 14.3M | 14.1M | 16.6M | 14.8M | 19.1M | 19.6M | 23.3M |
| Operating income | -10.7M | -11M | -11.9M | -10.7M | -12.3M | -14.3M | -14.1M | -16.6M | -14.8M | -19.1M | -19.6M | -23.3M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | 2K | 6K | 9K | 11K | 8K | 395K | 489K | 14K | 7K | 269K | 8K | 6K |
| Pretax income | -9.9M | -10.2M | -11.1M | -9.5M | -11.2M | -12.8M | -11.9M | -15M | -13.3M | -17.3M | -17.8M | -21.7M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — |
| Net income | -9.9M | -10.2M | -11.1M | -9.5M | -11.2M | -12.8M | -11.9M | -15M | -13.3M | -17.3M | -17.8M | -21.7M |
| Net margin | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -10.6M | -10.9M | -11.8M | -10.6M | -12.3M | -14.2M | -14M | -16.5M | -14.7M | -19M | -19.5M | -23.3M |
| EPS | -0.87 | — | -0.97 | -0.45 | -0.5 | -0.48 | -0.29 | -0.35 | -0.31 | -0.37 | -0.31 | -0.36 |
| Diluted EPS | -0.87 | — | -0.97 | -0.45 | -0.5 | -0.48 | -0.29 | -0.35 | -0.31 | -0.37 | -0.31 | -0.36 |
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 | 232.5M | — | — | — | 30.2M | 21.2M | — | — | 192.1M |
| Enterprise value | 210.6M | — | — | — | -47.8M | -38.9M | — | — | 54.1M |
| Shares outstanding | 2.6M | 5.8M | 7.2M | 11.2M | 11.3M | 11.3M | 20.6M | 42.8M | 42.8M |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | — | -2.43 |
| P/B | 11.4 | — | — | — | 0.3 | 0.31 | — | — | 1.19 |
| EV/EBITDA | -9.71 | — | — | — | 1.36 | 0.9 | — | — | -0.71 |
| Earnings yield | — | — | — | — | — | — | — | — | -41.1% |
| FCF yield | -10% | — | — | — | -88.1% | -177% | — | — | -21.1% |
| PEG | — | — | — | — | — | — | — | — | -0.85 |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | — | — | — | 0% |
| Net margin | — | — | — | — | — | — | — | — | 0% |
| ROE | -101.4% | 368% | -17.1% | -29.2% | -64.6% | -59.2% | -26.7% | -29.2% | -45.8% |
| ROA | -88.1% | -640.2% | -16.7% | -27.4% | -58.2% | -51.2% | -24.6% | -27.4% | -28.8% |
| Return on tangible assets | -88.1% | -640.2% | -23.6% | -41.6% | -58.2% | -51.2% | -25.5% | -28.2% | -42.6% |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 7.55 | 0.23 | 58.1 | 21.7 | 15 | 11.2 | 15.7 | 14.6 | 11 |
| Quick ratio | 7.55 | 0.23 | 58.1 | 21.7 | 15 | 11.2 | 15.7 | 14.6 | 11 |
| Debt / equity | — | 0 | 0.01 | 0.04 | 0.06 | 0.08 | 0.03 | 0.02 | 0.02 |
| Debt / assets | — | 0 | 0.01 | 0.04 | 0.06 | 0.07 | 0.02 | 0.02 | 0.02 |
| Net debt / EBITDA | — | 0.07 | 4.95 | 1.85 | 2.22 | 1.39 | 3.39 | 2.37 | 1.83 |
| Interest coverage | — | — | -998.4 | -26.2 | -57 | — | — | — | — |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (basic) | -8.1 | -1.34 | -4.7 | -4.21 | -5.86 | -3.57 | -2.17 | -1.34 | -1.34 |
| EPS (diluted) | -8.1 | -1.34 | -4.7 | -4.21 | -5.86 | -3.57 | -2.17 | -1.34 | -1.36 |
| Book value per share | 7.98 | -0.36 | 27.5 | 14.4 | 9.07 | 6.03 | 8.12 | 4.59 | 2.73 |
| FCF per share | -9.12 | -0.94 | -3.36 | -3.12 | -2.36 | -3.32 | -1.74 | -1.32 | -1.09 |
| Cash per share | 8.54 | 0.1 | 23.3 | 8.12 | 7.49 | 5.79 | 8.27 | 3.63 | 2.41 |
| Capex per share | 0.05 | 0.08 | 0.12 | 0.05 | 0.01 | 0 | 0 | — | — |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Capex / operating cash flow | -0.69% | -6.78% | -3.72% | -1.64% | -0.21% | -0.13% | -0.16% | — | — |
| Payout ratio | — | — | — | — | — | — | — | — | 0% |
| -$4.21 |
| — |
| — |
| $0 |
| — |
| FY20 | — | -$4.7 | — | — | $0 | — |
| FY19 | — | -$1.34 | — | — | $0 | — |
| FY18 | — | -$8.1 | — | — | $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 | 21.9M | 564K | 168.6M | 91.2M | 84.4M | 65.6M | 170.3M | 155.6M |
| Receivables | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — |
| Total current assets | 23.2M | 764K | 169.4M | 93.1M | 86.1M | 68.7M | 172.2M | 159.5M |
| Property, plant & equipment | 263K | 459K | 2.3M | 8.9M | 7.9M | 6.6M | 5.3M | 3.9M |
| Goodwill & intangibles | — | 0 | 59M | 59M | 0 | — | 6.5M | 5.9M |
| Total assets | 23.5M | 1.2M | 203.2M | 172.6M | 113.3M | 79M | 181.5M | 209.5M |
| Accounts payable | 441K | 716K | 914K | 954K | 1.6M | 2.4M | 4.4M | 3.5M |
| Short-term debt | — | — | 88K | 855K | 917K | 983K | 1.1M | 1.2M |
| Total current liabilities | 3.1M | 3.4M | 2.9M | 4.3M | 5.7M | 6.1M | 11M | 10.9M |
| Long-term debt | — | 0 | 999K | 6.4M | 5.5M | 4.5M | 3.4M | 2.1M |
| Total liabilities | 3.1M | 3.4M | 3.9M | 10.7M | 11.2M | 10.6M | 14.3M | 13.1M |
| Shareholders' equity | 20.4M | -2.1M | 199.2M | 161.9M | 102.1M | 68.3M | 167.1M | 196.4M |
| Total debt | — | 0 | 1.1M | 7.2M | 6.4M | 5.5M | 4.5M | 3.4M |
| Net debt | — | -564K | -167.5M | -28.5M | -17.7M | -34.1M | -158.3M | -46.3M |
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 | 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 | — | — | — | — | — | — | — | — | 132.7M | 155.6M | 135.8M | 142.5M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | — | — | — | — | — | — | — | — | 135.6M | 159.5M | 140M | 146.2M |
| Property, plant & equipment | — | — | — | — | — | — | — | — | 4.3M | 3.9M | 3.6M | 3.9M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | 6M | 5.9M | 11.8M | 11.7M |
| Total assets | — | — | — | — | — | — | — | — | 144.6M | 209.5M | 191.9M | 176.1M |
| Accounts payable | 2.5M | 2.4M | 972K | 1.4M | 2.3M | 4.4M | 2.3M | 5.3M | 4.5M | 3.5M | 4M | 4.7M |
| Short-term debt | — | — | — | — | — | — | — | — | 1.2M | 1.2M | 1.3M | 1.3M |
| Total current liabilities | — | — | — | — | — | — | — | — | 9.9M | 10.9M | 8.9M | 13.3M |
| Long-term debt | — | — | — | — | — | — | — | — | 2.4M | 2.1M | 1.8M | 1.5M |
| Total liabilities | — | 10.6M | 9.7M | 9.6M | 12.3M | 14.3M | 10.1M | 12.5M | 12.3M | 13.1M | 10.7M | 14.8M |
| Shareholders' equity | — | — | — | — | — | — | — | — | 132.3M | 196.4M | 181.2M | 161.3M |
| Total debt | — | — | — | — | — | — | — | — | 3.7M | 3.4M | 3.1M | 2.7M |
| Net debt | — | — | — | — | — | — | — | — | -8.9M | -46.3M | -11.7M | -14.3M |
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 | -20.7M | -7.8M | -34M | -47.3M | -66M | -40.4M | -44.6M | -57.4M |
| Depreciation & amortization | 115K | 16K | 103K | 117K | 248K | 341K | 332K | 362K |
| Stock-based compensation | 3.4M | 424K | 9.7M | 10.4M | 6.7M | 6.1M | 4.1M | 3.8M |
| Change in working capital | 49K | 383K | 341K | -674K | -474K | -2.4M | 69K | -1.7M |
| Operating cash flow | -17.1M | -7M | -23.8M | -36.4M | -58.1M | -35.3M | -39.1M | -56.4M |
| Capital expenditure | -119K | -475K | -884K | -596K | -120K | -45K | -63K | — |
| Investing cash flow | 18.4M | 2M | 2.8M | -98.2M | 14.9M | 53.1M | 19.2M | -139.4M |
| Dividends paid | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | 0 | -228K | -90K | -91K | — | — |
| Financing cash flow | 2.9M | 500K | 187.2M | -228K | -90K | -91K | 135.9M | 80.2M |
| Net change in cash | 4.1M | -4.5M | 166.2M | -134.8M | -43.3M | 17.7M | 116M | -115.6M |
| Free cash flow | -23.4M | -5.5M | -24.3M | -35.1M | -26.6M | -37.6M | -35.9M | -56.5M |
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 | -9.9M | -10.2M | -11.1M | -9.5M | -11.2M | -12.8M | -11.9M | -15M | -13.3M | -17.3M | -17.8M | -21.7M |
| Depreciation & amortization | 79K | 107K | 83K | 83K | 84K | 82K | 83K | 98K | 88K | 93K | 90K | 72K |
| Stock-based compensation | 1.4M | 1.5M | 1.2M | 1.1M | 931K | 904K | 833K | 903K | 1M | 1M | 1.4M | 1.4M |
| Change in working capital | 573K | -308K | -2M | 680K | 757K | 635K | -1.6M | 2.8M | -1M | -1.8M | -2.2M | -5K |
| Operating cash flow | -7.7M | -8.7M | -11.5M | -7.4M | -9.2M | -10.9M | -12.4M | -12.3M | -12.5M | -16.9M | -21.3M | -15.4M |
| Capital expenditure | -37K | 0 | 0 | -55K | -8K | 0 | -44K | — | — | — | — | — |
| Investing cash flow | 6.4M | 14.5M | 23.1M | 2.9M | -29.4M | 22.5M | -58.4M | -47.7M | -6.5M | -26.9M | -14.7M | 18.1M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | -27K | 0 | -76K | — | — | — | — | — | — | — | — | — |
| Financing cash flow | -54K | 0 | -76K | -7K | 0 | 94M | -799K | 0 | 0 | 81M | -798K | -26K |
| Net change in cash | -1.4M | 5.8M | 11.5M | -4.5M | -38.6M | 105.7M | -71.5M | -60M | -19M | 37.1M | -36.9M | 2.7M |
| Free cash flow | -6.6M | -8.7M | -10.4M | -7.7M | -8.4M | -9.3M | -14.8M | -12.3M | -12.5M | -17M | -21.3M | -15.7M |