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 | -$0.07 | -$0.09 | -28.6% | — | $1.1M | — |
| Q1 26 | -$0.09 | -$0.09 | 0.0% | — | $225K | — |
| Q4 25 | -$0.12 | -$0.12 | 0.0% | — | $0 | — |
| Q3 25 | -$0.15 | -$0.12 | +20.0% | — | $0 | — |
| Q2 25 | -$0.19 | -$0.14 | +26.3% | — | $0 | — |
| Q1 25 | -$0.2 | -$0.24 | -20.0% | — | $0 | — |
| Q4 24 | -$0.31 | -$0.28 | +9.7% | — | $0 | — |
| Q3 24 | -$0.37 | -$0.3 | +18.9% | — | $0 | — |
| Q2 24 | -$0.39 | -$0.34 | +12.8% | — | $0 | — |
| Q1 24 | -$0.42 | -$0.4 | +4.8% | — | $0 | — |
| Q4 23 | -$0.44 | -$0.4 | +9.1% | — | $0 | — |
| Q3 23 | -$0.47 | -$0.39 | +17.0% | — | $0 | — |
| Q2 23 | -$0.5 | -$0.45 | +10.0% | — | $0 | — |
| Q1 23 | -$0.56 | -$0.43 | +23.2% | — | $0 | — |
| Q4 22 | -$0.65 | -$0.61 | +6.2% | — | $0 | — |
| Q3 22 | -$0.64 | -$0.74 | -15.6% | — | $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 | — | -$0.59 | — | — | $0 | — |
| FY24 | — | -$1.31 | — | — | $0 | — |
| FY23 | — | -$1.68 | — | — | $0 | — |
| FY22 | — | -$2.76 | — | — | $0 | — |
| FY21 | — | -$4.1 | — | — | $0 | — |
| FY20 | — | -$1.41 | — | — | $0 | — |
| FY19 | — | -$0.97 | — | — | $0 | — |
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 | $0 | $0 | $0 | $0 | $0 | $0 |
| YoY change | — | 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 | 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 | $225K | $1.1M |
| YoY change | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | +InfinityT% | +InfinityT% |
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 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — |
| Research & development | 23.1M | 31.1M | 54.4M | 94.5M | 98M | 86.7M | 68.6M |
| Selling, general & administrative | 4.6M | 7.8M | 18.4M | 31.1M | 33.2M | 29.2M | 24.7M |
| Operating expenses | 27.7M | 38.9M | 72.8M | 125.6M | 131.2M | 115.9M | 93.3M |
| Operating income | -27.7M | -38.9M | -72.8M | -125.6M | -131.2M | -115.9M | -93.3M |
| Operating margin | — | — | — | — | — | — | — |
| Non-operating income, net | 1M | 430K | -23K | 2K | 53K | 82K | 52K |
| Pretax income | -26.2M | -38.4M | -72.7M | -123.7M | -124.1M | -111.1M | -90.6M |
| Income tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income | -26.2M | -38.4M | -72.7M | -123.7M | -124.1M | -111.1M | -90.6M |
| Net margin | — | — | — | — | — | — | — |
| EBITDA | -25.7M | -36.4M | -69.8M | -119.2M | -122.5M | -107.5M | -84.9M |
| EPS | -0.97 | -1.41 | -4.1 | -2.76 | -1.68 | -1.31 | -0.59 |
| Diluted EPS | -0.97 | -1.41 | -4.1 | -2.76 | -1.68 | -1.31 | -0.59 |
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 | 225K | 1.1M |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Research & development | 23.1M | 22.9M | 25.1M | 22.6M | 20.4M | 18.7M | 21.1M | 17.4M | 15.4M | 14.8M | 14.8M | 16.6M |
| Selling, general & administrative | 7.8M | 8.6M | 8.7M | 8.2M | 6.4M | 6M | 6.5M | 6.7M | 5.6M | 6M | 5.4M | 5.4M |
| Operating expenses | 30.9M | 31.4M | 33.8M | 30.8M | 26.7M | 24.7M | 27.5M | 24.1M | 20.9M | 20.8M | 20.3M | 22M |
| Operating income | -30.9M | -31.4M | -33.8M | -30.8M | -26.7M | -24.7M | -27.5M | -24.1M | -20.9M | -20.8M | -20.1M | -20.9M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | -8.9K% | -1.9K% |
| Non-operating income, net | 1K | 41K | 82K | -1K | -3K | 4K | 39K | -16K | 3K | 25K | — | -23.2M |
| Pretax income | -29.1M | -29.9M | -32.2M | -29.4M | -25.6M | -23.8M | -26.9M | -23.3M | -20.3M | -20.2M | -19.3M | -43.4M |
| Income tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income | -29.1M | -29.9M | -32.2M | -29.4M | -25.6M | -23.8M | -26.9M | -23.3M | -20.3M | -20.2M | -19.3M | -43.4M |
| Net margin | — | — | — | — | — | — | — | — | — | — | -8.6K% | -3.9K% |
| EBITDA | -28.7M | -29.3M | -31.6M | -28.7M | -24.6M | -22.6M | -24.9M | -22M | -19.1M | -18.9M | -18.3M | 4M |
| EPS | -0.39 | — | -0.4 | -0.34 | -0.3 | -0.28 | -0.24 | -0.14 | -0.12 | -0.12 | -0.09 | -0.2 |
| Diluted EPS | -0.39 | — | -0.4 | -0.34 | -0.3 | -0.28 | -0.24 | -0.14 | -0.12 | -0.12 | -0.09 | -0.2 |
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 | 26.6M | 128.5M | 251.3M | 186.5M | 104.6M | 61.4M | 100.5M |
| Receivables | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — |
| Total current assets | 27.7M | 130M | 255.4M | 193.8M | 111.6M | 67.4M | 105.6M |
| Property, plant & equipment | 9.6M | 17.2M | 54.7M | 62.7M | 53.3M | 47.7M | 37.1M |
| Goodwill & intangibles | — | — | — | — | — | — | — |
| Total assets | 38M | 148.2M | 314.2M | 278.9M | 170.5M | 119.9M | 146.9M |
| Accounts payable | 600K | 1M | 10.7M | 9.6M | 5.6M | 5.2M | 3.6M |
| Short-term debt | — | — | 2M | 4M | 4.3M | 2.8M | 3M |
| Total current liabilities | 4.1M | 5M | 21.8M | 24.2M | 22.7M | 16M | 15.4M |
| Long-term debt | — | 0 | 13.7M | 11.1M | 8.1M | 10.8M | 7.8M |
| Total liabilities | 81.7M | 229.5M | 35.7M | 35.6M | 31.1M | 27.1M | 23.7M |
| Shareholders' equity | -43.7M | -81.3M | 278.5M | 243.4M | 139.4M | 92.9M | 123.3M |
| Total debt | — | 0 | 15.7M | 15.1M | 12.4M | 13.6M | 10.8M |
| Net debt | — | -128.5M | -22.4M | -80.2M | -33.3M | 9.3M | -89.7M |
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 | 121.8M | 104.6M | 122.2M | 99.3M | 79.5M | 61.4M | 88.2M | 71.7M | 56.3M | 100.5M | 80.9M | 78.1M |
| Receivables | — | — | — | — | — | — | — | — | — | — | 10.6M | 371K |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 126.8M | 111.6M | 128.7M | 105M | 85.3M | 67.4M | 94.5M | 75.9M | 61.2M | 105.6M | 96.6M | 86M |
| Property, plant & equipment | 54.5M | 53.3M | 50.6M | 53.1M | 50.4M | 47.7M | 44.7M | 42M | 39.5M | 37.1M | 34.7M | 5.5M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 193.4M | 170.5M | 184.9M | 163.2M | 140.6M | 119.9M | 144M | 122.2M | 105M | 146.9M | 135.1M | 93.5M |
| Accounts payable | 5.9M | 5.6M | 6.7M | 4.3M | 5.8M | 5.2M | 5.1M | 3.3M | 2.8M | 3.6M | 1.9M | 2.9M |
| Short-term debt | 3.2M | 4.3M | 4.1M | 3.4M | 3M | 2.8M | 2.8M | 2.8M | 2.9M | 3M | 3.1M | 2.9M |
| Total current liabilities | 19.4M | 22.7M | 19.2M | 16.7M | 16.2M | 16M | 14.2M | 12.7M | 13.2M | 15.4M | 16.8M | 19M |
| Long-term debt | 8.9M | 8.1M | 7.3M | 12.2M | 11.5M | 10.8M | 10.1M | 9.4M | 8.6M | 7.8M | 7M | 1.1M |
| Total liabilities | 28.5M | 31.1M | 26.7M | 29.2M | 28M | 27.1M | 24.6M | 22.3M | 22.1M | 23.7M | 28.9M | 24.1M |
| Shareholders' equity | 164.9M | 139.4M | 158.2M | 134M | 112.6M | 92.9M | 119.4M | 99.8M | 82.9M | 123.3M | 106.2M | 69.4M |
| Total debt | 12M | 12.4M | 11.4M | 15.6M | 14.5M | 13.6M | 12.9M | 12.2M | 11.5M | 10.8M | 10.1M | 3.9M |
| Net debt | -70.1M | -33.3M | -47.9M | -42.6M | 6.3M | 9.3M | -40.9M | -50.5M | -44.8M | -89.7M | -70.8M | -74.1M |
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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Net income | -26.2M | -38.4M | -72.7M | -123.7M | -124.1M | -111.1M | -90.6M |
| Depreciation & amortization | 2M | 2.5M | 3M | 6.5M | 8.7M | 8.5M | 8.4M |
| Stock-based compensation | 414K | 741K | 3M | 11.5M | 15.3M | 16.5M | 13M |
| Change in working capital | -386K | -847K | 4.2M | -2.3M | -8M | -4M | -3.5M |
| Operating cash flow | -24.1M | -36.1M | -61.5M | -105.5M | -104.7M | -86.4M | -68.3M |
| Capital expenditure | -2.9M | -9.8M | -25.1M | -20.6M | -1.2M | -1M | — |
| Investing cash flow | -5.6M | -7M | -238.6M | 83.7M | 48.7M | 1.1M | 56.7M |
| Dividends paid | — | — | — | — | — | — | — |
| Share repurchases | -3K | -1K | -13K | 0 | — | — | — |
| Financing cash flow | 30.4M | 147.2M | 208.6M | 77.4M | 3.4M | 46.8M | 106M |
| Net change in cash | 710K | 104.1M | -91.5M | 55.5M | -52.7M | -38.5M | 94.4M |
| Free cash flow | -27M | -45.2M | -85.9M | -125.1M | -103.3M | -91.5M | -68.9M |
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 | 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 | -29.1M | -29.9M | -32.2M | -29.4M | -25.6M | -23.8M | -26.9M | -23.3M | -20.3M | -20.2M | -19.3M | -43.4M |
| Depreciation & amortization | 2.2M | 2.2M | 2.2M | 2.1M | 2.1M | 2.1M | 2.7M | 2.1M | 1.9M | 1.8M | 1.8M | 1.7M |
| Stock-based compensation | 4M | 3.9M | 4.2M | 4.6M | 3.9M | 3.8M | 3.7M | 3.6M | 2.9M | 2.7M | 2.2M | 1.7M |
| Change in working capital | -3.7M | -1.3M | 264K | -3.2M | 494K | -1.6M | -1.1M | -1.3M | -1.1M | -66K | -1.9M | 9.7M |
| Operating cash flow | -25.8M | -24.3M | -24.7M | -25M | -18M | -18.7M | -20.8M | -15.6M | -15.6M | -13.9M | -19.2M | -3.6M |
| Capital expenditure | -8K | -394K | -564K | -73K | -184K | -204K | -383K | — | — | — | — | — |
| Investing cash flow | 30.5M | -14.9M | -4.5M | 21.6M | -30.1M | 14.1M | 22.3M | 25.1M | 8.9M | 0 | 0 | 0 |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 0 | 0 | 46.8M | 0 | 0 | 0 | 50.3M | -546K | 0 | 56.3M | -415K | 0 |
| Net change in cash | 4.6M | -39.2M | 17.6M | -3.4M | -48.1M | -4.6M | 51.8M | 9M | -6.7M | 42.3M | -19.6M | -3.6M |
| Free cash flow | -23.6M | -22.3M | -29.2M | -23.7M | -20M | -18.6M | -23.5M | -15.8M | -15.6M | -14M | -19.2M | -3.7M |
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 | — | — | — | — | — | — | — | 132.3M |
| Enterprise value | — | — | — | — | — | — | — | 62.6M |
| Shares outstanding | 27.1M | 27.2M | 17.7M | 44.8M | 73.8M | 84.8M | 153M | 153M |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | -0.99 |
| P/S | — | — | — | — | — | — | — | 102.4 |
| P/B | — | — | — | — | — | — | — | 1.97 |
| EV/EBITDA | — | — | — | — | — | — | — | -0.83 |
| EV/Sales | — | — | — | — | — | — | — | 46.9 |
| Earnings yield | — | — | — | — | — | — | — | -100.9% |
| FCF yield | — | — | — | — | — | — | — | -24.6% |
| PEG | — | — | — | — | — | — | — | -0.02 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | — | — | -1.9K% |
| Net margin | — | — | — | — | — | — | — | 0% |
| ROE | 60% | 47.2% | -26.1% | -50.8% | -89% | -119.7% | -73.5% | -121.9% |
| ROA | -69% | -25.9% | -23.1% | -44.3% | -72.8% | -92.7% | -61.7% | -47.9% |
| ROIC | 39.4% | 18.5% | -169.6% | -174.6% | -277.9% | -257.6% | -278.2% | 1.7K% |
| Return on tangible assets | -69% | -25.9% | -23.1% | -44.3% | -72.8% | -92.7% | -61.7% | -110.2% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Current ratio | 6.73 | 25.8 | 11.7 | 7.99 | 4.91 | 4.22 | 6.84 | 4.52 |
| Quick ratio | 6.73 | 25.8 | 11.7 | 7.99 | 4.91 | 4.22 | 6.84 | 4.52 |
| Debt / equity | — | 0 | 0.06 | 0.06 | 0.09 | 0.15 | 0.09 | 0.06 |
| Debt / assets | — | 0 | 0.05 | 0.05 | 0.07 | 0.11 | 0.07 | 0.04 |
| Net debt / EBITDA | — | 3.53 | 3.37 | 1.44 | 0.75 | 0.45 | 1.06 | 1.42 |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.01 |
| EPS (basic) | -0.97 | -1.41 | -4.1 | -2.76 | -1.68 | -1.31 | -0.59 | -0.59 |
| EPS (diluted) | -0.97 | -1.41 | -4.1 | -2.76 | -1.68 | -1.31 | -0.59 | -0.51 |
| Book value per share | -1.62 | -2.99 | 15.7 | 5.43 | 1.89 | 1.09 | 0.81 | 0.31 |
| FCF per share | -1 | -1.66 | -4.85 | -2.79 | -1.4 | -1.08 | -0.45 | -0.24 |
| Cash per share | 0.98 | 4.73 | 14.2 | 4.16 | 1.42 | 0.72 | 0.66 | 0.35 |
| Capex per share | 0.11 | 0.36 | 1.42 | 0.46 | 0.02 | 0.01 | — | — |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Capex / operating cash flow | -12.1% | -27% | -40.8% | -19.5% | -1.18% | -1.19% | — | — |
| Payout ratio | — | — | — | — | — | — | — | 0% |