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 | -$0.35 | -$0.63 | -80.0% | — | $0 | — |
| Q1 26 | -$0.59 | -$0.62 | -5.1% | — | $0 | — |
| Q4 25 | -$2.35 | -$2.01 | +14.5% | — | — | — |
| Q3 25 | -$2.44 | -$2.88 | -18.0% | — | — | — |
| Q2 25 | -$2.59 | -$4.32 | -66.8% | — | — | — |
| Q1 25 | -$3.65 | -$1.08 | +70.4% | — | — | — |
| Q4 24 | -$3.08 | -$2.55 | +17.2% | — | — | — |
| Q3 24 | -$3.04 | -$1.57 | +48.4% | — | — | — |
| Q2 24 | -$2.23 | -$3.74 | -67.7% | — | — | — |
| Q1 24 | -$3.4 | -$1.26 | +62.9% | — | — | — |
| Q4 23 | -$0.1 | -$0.52 | -420.0% | — | — | — |
| Q3 23 | -$2 | -$2.2 | -10.0% | — | — | — |
| Q2 23 | -$3.2 | -$5 | -56.2% | — | — | — |
| Q1 23 | -$8.2 | -$8.2 | 0.0% | — | $0 | — |
| Q3 22 | -$0.44 | -$0.43 | +2.3% | — | $0 | — |
| Q2 22 | -$8.27 | -$9.2 | -11.2% | — | $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 | — | -$10.7 | — | — | $0 | — |
| FY24 | — | -$11.4 | — | — | $0 | — |
| FY23 | — | -$24 | — | — | $0 | — |
| FY22 | — | -$34.4 | — | — | $0 | — |
| FY21 | — | -$29.6 |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Revenue | $0 | $138K | $0 | $0 | $0 | $0 | $0 |
| YoY change | — | +InfinityT% | -100% | 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 | Q4 23 | Q1 24 |
|---|
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Revenue | 0 | 138K | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — |
| Research & development | 4M | 19.4M | 107.3M | 141.1M | 39.6M | 11.8M | 24.7M |
| Selling, general & administrative | 2.6M | 14.4M | 48.3M | 62.2M | 47.6M | 44.2M | 27.2M |
| Operating expenses | 6.6M | 33.8M | 155.6M | 203.3M | 87.2M | 56M | 52M |
| Operating income | -6.6M | -33.6M | -155.6M | -203.3M | -87.2M | -56M | -52M |
| Operating margin | — | -24.4K% | — | — | — | — | — |
| Non-operating income, net | -5K | -3.9M | -1.3M | -23.7M | -72.6M | -16.1M | -17.4M |
| Pretax income | -6.5M | -37.6M | -156.8M | -225.3M | -156.1M | -74.1M | -71.4M |
| Income tax | 0 | 151K | 39K | -2.1M | 0 | — | — |
| Net income | -6.5M | -37.7M | -156.8M | -223.2M | -156.1M | -74.1M | -71.4M |
| Net margin | — | -27.3K% | — | — | — | — | — |
| EBITDA | -6.6M | -33.4M | -154M | -194.2M | -74.1M | -45M | -39.2M |
| EPS | -2.11 | -6.1 | -29.6 | -34.4 | -24 | -11.4 | -10.7 |
| Diluted EPS | -2.11 | -6.1 | -29.6 | -34.4 | -24 | -11.4 | -10.7 |
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 | 8.5M | 2M | 7.3M | 2.9M | 562K | 1.1M | 5.4M | 6.7M | 9.1M | 3.5M | 669K | 270K |
| Selling, general & administrative | 11.9M | 10.9M | 12.4M | 10.7M | 10.7M | 10.4M | 9.1M | 6.2M | 5.9M | 6.1M | 5.3M | 5.1M |
| Operating expenses | 20.4M | 12.9M | 19.7M | 13.6M | 11.3M | 11.5M | 14.5M | 12.9M | 15M | 9.6M | 6M | 5.4M |
| Operating income | -20.4M | -12.9M | -19.7M | -13.6M | -11.3M | -11.5M | -14.5M | -12.9M | -15M | -9.6M | -6M | -5.4M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | -47.3M | -285K | -4.7M | -1.2M | -11.4M | 1.2M | -13.8M | -8M | 2.1M | 2.2M | 2.7M | 2.1M |
| Pretax income | -67.4M | -12.9M | -24.3M | -14.9M | -23M | -11.9M | -28.2M | -21.4M | -13.6M | -8.2M | -4.2M | -4.3M |
| Income tax | 0 | 0 | — | — | — | — | — | — | — | — | — | — |
| Net income | -67.4M | -12.9M | -24.3M | -14.9M | -23M | -11.9M | -28.2M | -21.4M | -13.6M | -8.2M | -4.2M | -4.3M |
| Net margin | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -18.2M | -9.7M | -17.3M | -11.4M | -7.8M | -8.8M | -10.7M | -9.3M | -12M | -7.4M | -3.5M | -2.3M |
| EPS | -10.4 | — | -3.74 | -2.29 | -3.54 | -1.82 | -4.32 | -3.24 | -2.01 | — | -0.62 | -0.63 |
| Diluted EPS | -10.4 | — | -3.74 | -2.29 | -3.54 | -1.82 | -4.32 | -3.24 | -2.01 | — | -0.62 | -0.63 |
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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Market cap | — | — | — | — | 49.6M | 124.3M | 73.4M | 47.7M |
| Enterprise value | — | — | — | — | -14.7M | 97.8M | 82.4M | 66.4M |
| Shares outstanding | 3.1M | 6.2M | 5.3M | 6.5M | 6.5M | 6.5M | 6.7M | 6.7M |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | -0.66 |
| P/B | — | — | — | — | 0.22 | 0.73 | 0.64 | 0.44 |
| EV/EBITDA | — | — | — | — | 0.2 | -2.17 | -2.1 | -1.81 |
| Earnings yield | — | — | — | — | — | — | — | -150.9% |
| FCF yield | — | — | — | — | -207.2% | -52.9% | -63.6% | 171.4% |
| PEG | — | — | — | — | — | — | — | 0.01 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | -24.4K% | — | — | — | — | — | 0% |
| Net margin | — | -27.3K% | — | — | — | — | — | 0% |
| ROE | 94.6% | 95.3% | -28.2% | -61.4% | -69.1% | -43.8% | -62.7% | -25.3% |
| ROA | -68.8% | -11.8% | -25.7% | -46.3% | -47.9% | -28.1% | -35.1% | -10.8% |
| ROIC | 41.7% | 12% | -153.9% | -111.3% | -54% | — | — | — |
| Return on tangible assets | -68.8% | -13.1% | -27.1% | -46.3% | -47.9% | -28.1% | -35.1% | -15.3% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Current ratio | 6.54 | 18.5 | 11.2 | 8.22 | 15.2 | 15.8 | 39.5 | 21.7 |
| Quick ratio | 6.54 | 18.5 | 11.2 | 8.22 | 15.2 | 15.8 | 39.5 | 21.7 |
| Debt / equity | — | — | 0 | 0.22 | 0.38 | 0.51 | 0.75 | 0.81 |
| Debt / assets | — | — | 0 | 0.17 | 0.26 | 0.33 | 0.42 | 0.44 |
| Net debt / EBITDA | — | — | 2.95 | 0.93 | 0.87 | 0.59 | -0.23 | -0.71 |
| Interest coverage | — | — | — | -118.6 | -29 | -8.27 | -13.2 | -4.71 |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | — | — | — |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0.02 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (basic) | -2.11 | -6.1 | -29.6 | -34.4 | -24 | -11.4 | -10.7 | -10.7 |
| EPS (diluted) | -2.11 | -6.1 | -29.6 | -34.4 | -24 | -11.4 | -10.7 | -4.4 |
| Book value per share | -2.23 | -6.4 | 104.8 | 56.1 | 34.7 | 26 | 17.1 | 15.8 |
| FCF per share | -1.95 | -13 | -34 | -40.9 | -15.8 | -10.1 | -6.99 | -4.96 |
| Cash per share | 2.87 | 39.1 | 85.7 | 40.3 | 23.1 | 17.4 | 11.4 | 10.3 |
| Capex per share | 0.07 | 8.22 | 10.9 | 13.1 | 3.18 | 0 | — | — |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Capex / revenue | — | 36.8K% | — | — | — | — | — | — |
| Capex / operating cash flow | -3.93% | -150.4% | -44.5% | -44.9% | -14.5% | 0% | — | — |
| Payout ratio | — | — | — | — | — | — | — | 0% |
| — |
| — |
| $0 |
| — |
| FY20 | — | -$6.1 | — | — | $138K | — |
| FY19 | — | -$2.11 | — | — | $0 | — |
| 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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 8.9M | 241.7M | 454.1M | 260.9M | 150.4M | 113.3M | 76.1M |
| Receivables | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — |
| Total current assets | 9.3M | 246.1M | 464M | 269.4M | 160.8M | 124.5M | 191.4M |
| Property, plant & equipment | 190K | 49M | 116M | 176.6M | 38.6M | 27.9M | 364K |
| Goodwill & intangibles | 0 | 31.7M | 31.7M | 0 | — | — | — |
| Total assets | 9.5M | 319M | 610M | 482.1M | 325.6M | 263.6M | 203.5M |
| Accounts payable | 979K | 3.5M | 5.6M | 2.4M | 1.2M | 659K | 779K |
| Short-term debt | — | — | — | 2.4M | 1.8M | 1.7M | 372K |
| Total current liabilities | 1.4M | 13.3M | 41.4M | 32.8M | 10.6M | 7.9M | 4.8M |
| Long-term debt | — | — | 0 | 77.5M | 84.3M | 85.2M | 84.8M |
| Total liabilities | 16.4M | 358.6M | 54.8M | 118.5M | 99.8M | 94.1M | 89.7M |
| Shareholders' equity | -6.9M | -39.6M | 555.2M | 363.6M | 225.8M | 169.4M | 113.9M |
| Total debt | — | — | 0 | 79.9M | 86.1M | 86.9M | 85.2M |
| Net debt | — | — | -37.6M | 36.2M | 76.9M | 78.1M | 78.5M |
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 | 183.4M | 150.4M | 153.8M | 148.6M | 120.4M | 113.3M | 103.7M | 91.8M | 79.7M | 76.1M | 74.6M | 69.7M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 195.6M | 160.8M | 161M | 154.9M | 132.6M | 124.5M | 219.3M | 207.4M | 196.3M | 191.4M | 188.3M | 71.6M |
| Property, plant & equipment | 118.9M | 38.6M | 33.4M | 32.4M | 28.8M | 27.9M | 925K | 740K | 553K | 364K | 172K | 22.4M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 340.3M | 325.6M | 306.3M | 294.3M | 272.6M | 263.6M | 237.4M | 231M | 211.8M | 203.5M | 200.4M | 197.7M |
| Accounts payable | 1.6M | 1.2M | 1.2M | 1.2M | 1.2M | 659K | 286K | 523K | 928K | 779K | 793K | 795K |
| Short-term debt | 1.8M | 1.8M | 1.7M | 1.7M | 1.8M | 1.7M | 2.4M | 456K | 305K | 372K | 186K | 393K |
| Total current liabilities | 13.5M | 10.6M | 11.4M | 10.3M | 10.3M | 7.9M | 7.2M | 13.9M | 5.7M | 4.8M | 4.7M | 3.3M |
| Long-term debt | 84.5M | 84.3M | 84.1M | 83.9M | 83.6M | 85.2M | 84.3M | 84.4M | 84.6M | 84.8M | 85M | 87M |
| Total liabilities | 106.2M | 99.8M | 100.5M | 99.3M | 96.2M | 94.1M | 92.5M | 99.3M | 91.3M | 89.7M | 89.7M | 90.3M |
| Shareholders' equity | 234M | 225.8M | 205.8M | 195M | 176.3M | 169.4M | 144.9M | 131.7M | 120.4M | 113.9M | 110.7M | 107.4M |
| Total debt | 86.3M | 86.1M | 85.8M | 85.6M | 85.3M | 86.9M | 86.7M | 84.9M | 84.9M | 85.2M | 85.2M | 87.4M |
| Net debt | 77.1M | 76.9M | 80.3M | 78.8M | 78.7M | 78.1M | 71.3M | 77.2M | 79.1M | 78.5M | 80.2M | 81.9M |
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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Net income | -6.5M | -37.7M | -156.8M | -223.2M | -156.1M | -74.1M | -71.4M |
| Depreciation & amortization | 20K | 256K | 2.8M | 6M | 4.8M | 3.6M | 534K |
| Stock-based compensation | 293K | 1.7M | 26.2M | 30.4M | 18.2M | 17.3M | 8.7M |
| Change in working capital | 309K | -3.3M | -2.6M | -159K | -1M | -10.5M | -4.3M |
| Operating cash flow | -5.3M | -33.8M | -129.8M | -188.5M | -142.7M | -60.8M | -36.6M |
| Capital expenditure | -210K | -50.8M | -57.8M | -84.6M | -20.7M | 0 | — |
| Investing cash flow | -210K | -51.1M | -474.4M | 114.5M | 41.1M | 64M | 35.5M |
| Dividends paid | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — |
| Financing cash flow | 14.9M | 312.7M | 391.4M | 70.3M | 8.1M | 1.4M | 6.4M |
| Net change in cash | 9.4M | 227.8M | -212.8M | -3.6M | -93.5M | 4.5M | 5.3M |
| Free cash flow | -6.1M | -80.4M | -180M | -264.8M | -102.7M | -65.7M | -46.6M |
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 | -67.4M | -12.9M | -24.3M | -14.9M | -23M | -11.9M | -28.2M | -21.4M | -13.6M | -8.2M | -4.2M | -4.3M |
| Depreciation & amortization | 953K | 1M | 993K | 975K | 901K | 741K | 498K | 12K | 12K | 12K | 12K | 248K |
| Stock-based compensation | 4.7M | 4.6M | 4.5M | 4.2M | 4.1M | 4.5M | 3.5M | 1.8M | 1.8M | 1.6M | 985K | 1M |
| Change in working capital | 196K | 585K | -377K | -1.1M | -2.6M | -6.3M | -1.9M | -3.6M | 46K | -283K | -283K | -306K |
| Operating cash flow | -65.5M | -16.6M | -20M | -9.2M | -14.6M | -14.6M | -26M | -14.8M | -10.6M | -7.1M | -1.3M | -4.6M |
| Capital expenditure | -5.2M | -58K | 0 | 0 | 0 | 0 | — | — | — | — | — | — |
| Investing cash flow | 2.3M | 12.4M | 9.2M | 11.4M | 29.8M | 13M | 9.6M | -400K | 18.4M | 7.8M | -317K | 5.3M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 0 | 0 | 0 | 0 | 0 | 2.8M | -172K | 0 | 0 | 6.6M | — | — |
| Net change in cash | -63.2M | -4.2M | -10.8M | 2.2M | 15.3M | 1.1M | -16.6M | -15.2M | 7.9M | 7.4M | -1.7M | 649K |
| Free cash flow | -19.6M | -13.4M | -14.4M | -10.6M | -30.1M | -10.6M | -4.2M | -14.8M | -20.6M | -7.1M | -1.3M | -4.6M |