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 | -$0.41 | -$0.38 | +7.3% | — | — | — |
| Q4 25 | -$1.12 | -$0.4 | +64.3% | — | — | — |
| Q3 25 | -$0.45 | -$0.27 | +40.0% | — | — | — |
| Q2 25 | -$0.41 | -$0.28 | +31.7% | — | — | — |
| Q1 25 | -$0.42 | -$0.18 | +57.1% | — | — | — |
| Q4 24 | -$1.37 | -$0.19 | +86.1% | — | — | — |
| Q3 24 | -$2.25 | -$1.83 | +18.7% | — | — | — |
| Q2 24 | -$3.06 | -$3.12 | -2.0% | — | — | — |
| Q1 24 | -$6.96 | -$8.64 | -24.1% | — | — | — |
| Q4 23 | -$0.09 | -$0.08 | +11.1% | — | — | — |
| Q3 23 | -$0.1 | -$0.05 | +50.0% | — | — | — |
| Q2 23 | -$0.37 | -$0.15 | +59.5% | — | — | — |
| Q1 23 | -$182.4 | -$72.8 | +60.1% | — | $0 | — |
| Q4 22 | -$2.1 | -$2.2 | -4.8% | — | — | — |
| Q3 22 | -$1.8 | -$2.2 | -22.2% | — | — | — |
| Q2 22 | -$2.2 | -$2.2 | 0.0% | — | — | — |
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 | — | -$1.15 | — | — | $0 | — |
| FY23 | — | -$31 | — | — | $0 | — |
| FY22 | — | -$600.7 | — | — | $0 | — |
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 | $0 | $0 | $0 | $0 | $0 | $0 |
| YoY change | -100% | 0% | 0% | 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.
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 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | 0 | — | — | — | — | — | — | — | — | — |
| Gross profit | 0 | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — |
| Research & development | 13.1M | 3.5M | 1.2M | 3.5M | 4.6M | 25.1M | 5.4M | 3.2M | 12.7M | 32.7M |
| Selling, general & administrative | 6.2M | 5.7M | 5.7M | 5.1M | 5.3M | 7.6M | 5.7M | 5M | 6.8M | 23.7M |
| Operating expenses | 19.4M | 9.2M | 6.9M | 8.6M | 9.9M | 32.7M | 11.1M | 8.2M | 19.5M | 56.4M |
| Operating income | -19.4M | -9.2M | -6.9M | -8.6M | -9.9M | -32.7M | -11.1M | -8.2M | -19.5M | -56.4M |
| Operating margin | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | -32.5M | 366.2K | 79.8K | 160.9K | 18.2K | 254.8K | 9.2K | 547.2K | 1K | -33K |
| Pretax income | -51.9M | -8.8M | -6.8M | -8.4M | -9.9M | -32.5M | -11M | -7.7M | -17.6M | -52.6M |
| Income tax | -8M | 0 | — | — | — | — | — | — | — | — |
| Net income | -43.9M | -8.8M | -6.8M | -8.4M | -9.9M | -32.5M | -11M | -7.7M | -17.6M | -52.6M |
| Net margin | — | — | — | — | — | — | — | — | — | — |
| EBITDA | 13.9M | -9.2M | -6.9M | -8.3M | -9.7M | -32.4M | -10.9M | -7.7M | -17.6M | -52.6M |
| EPS | -50K | -10K | -6K | -2.1K | -1.5K | -2.5K | -600.7 | -31 | -1.15 | -1.34 |
| Diluted EPS | -50K | -10K | -6K | -2.1K | -1.5K | -2.5K | -600.7 | -31 | -1.15 | -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 | 1.1M | 1.7M | 2.7M | 2.3M | 3.1M | 4.6M | 5.7M | 6.1M | 10.3M | 10.5M | 11.5M | 12.8M |
| Selling, general & administrative | 1.1M | 1.6M | 1.2M | 1.3M | 1.5M | 2.7M | 5.7M | 5.7M | 6.5M | 5.9M | 5M | 5.9M |
| Operating expenses | 2.1M | 3.3M | 3.9M | 3.7M | 4.6M | 7.3M | 11.3M | 11.8M | 16.8M | 16.4M | 16.6M | 18.8M |
| Operating income | -2.1M | -3.3M | -3.9M | -3.7M | -4.6M | -7.3M | -11.3M | -11.8M | -16.8M | -16.4M | -16.6M | -18.8M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | — | 484.4K | 117.4K | 654 | — | 346 | — | -9K | -15K | -9K | -4K | — |
| Pretax income | -2M | -3.2M | -3.8M | -3.6M | -4M | -6.3M | -10.4M | -10.8M | -15.8M | -15.5M | -15.7M | -17.8M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — |
| Net income | -2M | -3.2M | -3.8M | -3.6M | -4M | -6.3M | -10.4M | -10.8M | -15.8M | -15.5M | -15.7M | -17.8M |
| Net margin | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -2M | -3.2M | -3.8M | -3.6M | -4M | -6.3M | -10.4M | -10.8M | -15.8M | -15.5M | -16.6M | -18.8M |
| EPS | -6.61 | — | -3.12 | -1.83 | -0.19 | — | -0.28 | -0.27 | -0.4 | — | -0.35 | -0.35 |
| Diluted EPS | -6.61 | — | -3.12 | -1.83 | -0.19 | — | -0.28 | -0.27 | -0.4 | — | -0.35 | -0.35 |
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 | — | — | — | — | — | — | — | — | — | — | 69.2M |
| Enterprise value | — | — | — | — | — | — | — | — | — | — | -14.3M |
| Shares outstanding | 878 | 882 | 2.4K | 3.9K | 6.5K | 12.9K | 18.4K | 248.4K | 15.3M | 39.2M | 39.2M |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | — | — | — | 2.41 |
| P/B | — | — | — | — | — | — | — | — | — | — | 0.84 |
| EV/EBITDA | — | — | — | — | — | — | — | — | — | — | 0.27 |
| Earnings yield | — | — | — | — | — | — | — | — | — | — | 41.4% |
| FCF yield | — | — | — | — | — | — | — | — | — | — | -34.7% |
| PEG | — | — | — | — | — | — | — | — | — | — | 0.08 |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | — | — | — | — | — | 0% |
| Net margin | — | — | — | — | — | — | — | — | — | — | 0% |
| ROE | -256.3% | -99.5% | -57.9% | -222.5% | -213% | -765.1% | -740.1% | -95.2% | -19.1% | -54.2% | -59.8% |
| ROA | -188.2% | -89.4% | -51.1% | -131.9% | -143.4% | -541.9% | -324.5% | -66% | -18.2% | -50.5% | -37.7% |
| ROIC | -502.2% | -797.3% | — | — | — | — | — | — | — | — | — |
| Return on tangible assets | -188.2% | -89.4% | -51.1% | -131.9% | -143.4% | -541.9% | -324.5% | -66% | -18.2% | -50.5% | -53.3% |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 2.2 | 7.99 | 8.51 | 2.44 | 3.21 | 3.64 | 1.74 | 3.26 | 20.6 | 14.6 | 15.1 |
| Quick ratio | 2.2 | 7.99 | 8.51 | 2.44 | 3.21 | 3.64 | 1.74 | 3.26 | 20.6 | 14.6 | 15.1 |
| Debt / equity | — | — | 0 | 0.05 | 0.07 | 0.07 | 0.54 | 0.06 | — | — | 0 |
| Debt / assets | — | — | 0 | 0.03 | 0.04 | 0.05 | 0.24 | 0.04 | — | — | — |
| Net debt / EBITDA | — | — | 1.87 | 0.63 | 0.66 | 0.16 | 0.12 | 1.21 | — | — | — |
| Interest coverage | — | — | — | — | -6.1K | -34.2K | -2.5K | -320.7 | -764.3 | — | — |
| Effective tax rate | 0% | 0% | — | — | — | — | — | — | — | — | — |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (basic) | -50K | -10K | -6K | -2.1K | -1.5K | -2.5K | -600.7 | -31 | -1.15 | -1.34 | -1.34 |
| EPS (diluted) | -50K | -10K | -6K | -2.1K | -1.5K | -2.5K | -600.7 | -31 | -1.15 | -1.34 | -1.48 |
| Book value per share | 19.5K | 10.1K | 5K | 974.3 | 714 | 330.1 | 81.2 | 32.6 | 6.02 | 2.48 | 2.19 |
| FCF per share | -18.1K | -13.8K | -2.3K | -2K | -1.4K | -844.6 | -619.4 | -23.8 | -0.97 | -0.91 | -0.9 |
| Cash per share | 15.1K | 8.8K | 5.4K | 1.4K | 1K | 434.2 | 115.5 | 39.4 | 6.21 | 2.49 | 2.06 |
| Capex per share | 82.1 | 5.14 | 3.2 | 0.92 | 0.54 | 0.41 | 0.13 | 0.01 | 0 | — | — |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Capex / operating cash flow | -0.14% | -0.06% | -0.11% | -0.04% | -0.04% | -0.05% | -0.02% | -0.04% | 0% | — | — |
| Payout ratio | — | — | — | — | — | — | — | — | — | — | 0% |
| FY21 | — | -$2.5K | — | — | $0 | — |
| FY20 | — | -$1.5K | — | — | $0 | — |
| FY19 | — | -$2.1K | — | — | $0 | — |
| FY18 | — | -$6K | — | — | $0 | — |
| FY17 | — | -$10K | — | — | $0 | — |
| FY16 | — | -$50K | — | — | $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 | 13.3M | 7.7M | 12.9M | 5.4M | 6.7M | 5.6M | 2.1M | 9.8M | 94.9M | 97.6M |
| Receivables | 72.6K | 50.2K | 0 | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 13.6M | 8.1M | 13.3M | 6.2M | 6.8M | 5.7M | 3.2M | 11.7M | 96.7M | 104.2M |
| Property, plant & equipment | 19.1K | 9.9K | 8.5K | 176K | 70.7K | 294.8K | 186.7K | — | — | — |
| Goodwill & intangibles | 0 | — | — | — | — | — | — | — | — | — |
| Total assets | 23.3M | 9.9M | 13.3M | 6.4M | 6.9M | 6M | 3.4M | 11.7M | 96.7M | 104.2M |
| Accounts payable | 727.6K | 611.9K | 749.8K | 1.7M | 757.9K | 859.6K | 448.4K | 2.1M | 3.2M | 6M |
| Short-term debt | — | — | — | 111.4K | 180.9K | 107.2K | 743.7K | 500.9K | — | — |
| Total current liabilities | 6.2M | 1M | 1.6M | 2.5M | 2.1M | 1.6M | 1.8M | 3.6M | 4.7M | 7.2M |
| Long-term debt | — | — | 0 | 60.4K | 124.2K | 183.6K | 64.2K | 0 | — | — |
| Total liabilities | 6.2M | 1M | 1.6M | 2.6M | 2.2M | 1.7M | 1.9M | 3.6M | 4.7M | 7.2M |
| Shareholders' equity | 17.1M | 8.9M | 11.8M | 3.8M | 4.6M | 4.2M | 1.5M | 8.1M | 92M | 97.1M |
| Total debt | — | — | 0 | 171.7K | 305K | 290.8K | 807.9K | 500.9K | — | — |
| Net debt | — | — | -12.4M | -4.7M | -5.9M | -5.3M | -1.3M | -9.3M | — | — |
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 | 11.1M | 9.8M | 12.5M | 9.4M | 98.3M | 94.9M | 111.4M | 105.5M | 99.4M | 97.6M | 118.8M | 118M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 11.9M | 11.7M | 14.5M | 10.6M | 99.8M | 96.7M | 112.1M | 105.9M | 102.8M | 104.2M | 123.2M | 121.7M |
| Property, plant & equipment | 4.7K | — | — | — | — | — | — | — | — | — | — | — |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 11.9M | 11.7M | 14.5M | 10.6M | 99.8M | 96.7M | 112.1M | 105.9M | 102.8M | 104.2M | 123.2M | 121.7M |
| Accounts payable | 134.8K | 2.1M | 1.1M | 869.7K | 1.6M | 3.2M | 1.8M | 562K | 5.6M | 6M | 6.3M | 6.8M |
| Short-term debt | 174.5K | 500.9K | 413.2K | 278.8K | — | — | — | — | — | — | — | — |
| Total current liabilities | 602.2K | 3.6M | 2M | 1.7M | 2.6M | 4.7M | 2.8M | 2.5M | 6.6M | 7.2M | 8.5M | 8.1M |
| Long-term debt | 0 | 0 | — | — | — | — | — | — | — | — | — | — |
| Total liabilities | 602.2K | 3.6M | 2M | 1.7M | 2.6M | 4.7M | 2.8M | 2.5M | 6.6M | 7.2M | 8.5M | 8.1M |
| Shareholders' equity | 11.3M | 8.1M | 12.4M | 8.9M | 97.2M | 92M | 109.3M | 103.3M | 96.2M | 97.1M | 114.7M | 113.6M |
| Total debt | 174.5K | 500.9K | 413.2K | 278.8K | — | — | — | — | — | — | — | — |
| Net debt | -11M | -9.3M | -12.1M | -9.1M | — | — | — | — | — | — | — | — |
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 | -43.9M | -8.8M | -14.1M | -8.4M | -9.9M | -32.5M | -11M | -7.7M | -17.6M | -52.6M |
| Depreciation & amortization | 19K | 13.6K | 9K | 107.3K | 114.7K | 109K | 113.3K | 7.6K | 0 | — |
| Stock-based compensation | 1.1K | 79.6K | 190.1K | 0 | — | — | — | — | 1.1M | 19.2M |
| Change in working capital | 23.8K | 1.1M | -122.6K | -522.6K | 577.6K | -65.5K | -475.9K | -305.7K | 1.1M | 2.9M |
| Operating cash flow | -51.3M | -7.1M | -6.6M | -8.7M | -9.1M | -10.8M | -11.4M | -8M | -15.3M | -35.8M |
| Capital expenditure | 72.1K | -4.5K | -7.6K | -3.6K | -3.5K | -5.3K | -2.3K | 2.8K | 0 | — |
| Investing cash flow | 22.2M | 3.7M | 7.4M | -1.7K | 20.1K | 452.6K | -2.3K | 2.8K | 0 | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 0 | 0 | 8.9M | 0 | 8.9M | 9.2M | 0 | -1.2M | -1M | 0 |
| Net change in cash | -29.1M | -3.4M | 9.6M | -8.7M | -133.5K | -1.2M | -11.4M | -9.2M | -16.3M | -35.8M |
| Free cash flow | -15.9M | -12.1M | -5.5M | -7.6M | -9.3M | -10.9M | -11.4M | -5.9M | -14.8M | -35.8M |
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 | -2M | -3.2M | -3.8M | -3.6M | -4M | -6.3M | -10.4M | -10.8M | -15.8M | -15.5M | -15.7M | -17.8M |
| Depreciation & amortization | 969 | 4.7K | 0 | 0 | 0 | 0 | — | — | — | — | — | — |
| Stock-based compensation | — | — | — | — | — | — | 4.1M | 4.6M | 5.6M | 4.8M | 2.8M | 3.3M |
| Change in working capital | -96.8K | -648.5K | -18.3K | 677.6K | -240.9K | -360.7K | -94K | -1.3M | 5M | 432K | 305K | 449K |
| Operating cash flow | -2.1M | -3.9M | -3.8M | -2.9M | -4.2M | -6.6M | -6.4M | -6.3M | -9.2M | -13.4M | -9.3M | -14.2M |
| Capital expenditure | 0 | 0 | 0 | 0 | 0 | 0 | — | — | — | — | — | — |
| Investing cash flow | 0 | 0 | 0 | 0 | 0 | 0 | — | — | — | — | — | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | -625.2K | -348.9K | 6M | -268.2K | 91.4M | -194 | 0 | 0 | 0 | 0 | — | — |
| Net change in cash | -2.7M | -4.2M | 2.2M | -3.2M | 87.2M | -6.6M | -6.4M | -6.3M | -9.2M | -13.4M | -9.3M | -14.2M |
| Free cash flow | -2.1M | -1.2M | -5.2M | -3M | -3.1M | -3.5M | -7M | -6.3M | -9.2M | -13.4M | -9.3M | -14.2M |