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 | -$0.11 | -$0.11 | 0.0% | — | $0 | — |
| Q1 26 | -$0.07 | -$0.09 | -28.6% | — | $0 | — |
| Q4 25 | -$0.1 | -$0.06 | +40.0% | — | $0 | — |
| Q3 25 | -$0.1 | -$0.08 | +20.0% | — | $0 | — |
| Q2 25 | -$0.1 | -$0.09 | +10.0% | — | $0 | — |
| Q1 25 | -$0.12 | -$0.09 | +25.0% | — | $0 | — |
| Q4 24 | -$0.12 | -$0.11 | +8.3% | — | $0 | — |
| Q3 24 | -$0.11 | -$0.13 | -18.2% | — | $0 | — |
| Q2 24 | -$0.11 | -$0.12 | -9.1% | — | $0 | — |
| Q1 24 | -$0.09 | -$0.11 | -22.2% | — | $0 | — |
| Q4 23 | -$0.09 | -$0.08 | +11.1% | — | $0 | — |
| Q3 23 | -$0.09 | -$0.08 | +11.1% | — | $0 | — |
| Q2 23 | -$0.08 | -$0.07 | +12.5% | — | $0 | — |
| Q1 23 | -$0.07 | -$0.06 | +14.3% | — | $0 | — |
| Q4 22 | -$0.1 | -$0.06 | +40.0% | — | $0 | — |
| Q3 22 | -$0.13 | -$0.12 | +7.7% | — | $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 | — | -$0.32 | — | — | $0 | — |
| FY24 | — | -$0.47 | — | — | $0 | — |
| FY23 | — | -$0.29 | — | — | $0 | — |
| FY22 | — | -$0.45 | — | — | $0 | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| YoY change | — | 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 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — |
| Research & development | 6.1M | 14.1M | 19.3M | 22.3M | 23M | 19.8M | 23.7M | 39.4M | 33.5M |
| Selling, general & administrative | 2.1M | 4.3M | 7.3M | 10.2M | 9.5M | 10.1M | 10.2M | 12.1M | 15.8M |
| Operating expenses | 8.2M | 18.4M | 26.6M | 32.5M | 32.5M | 29.9M | 33.9M | 51.5M | 49.3M |
| Operating income | -8.2M | -18.4M | -26.6M | -32.5M | -32.5M | -29.9M | -33.9M | -51.5M | -49.3M |
| Operating margin | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | -1.4M | -2.2M | -215K | -9K | -293K | 142K | 469K | -15K | -31K |
| Pretax income | -12.9M | -20.7M | -26.1M | -32.8M | -34M | -29.2M | -29.1M | -47.9M | -42.8M |
| Income tax | -26K | -124K | -18K | -18K | -21K | -36K | -32K | -30K | -64K |
| Net income | -12.9M | -20.5M | -26.1M | -32.8M | -33.9M | -29.2M | -29.1M | -47.9M | -42.8M |
| Net margin | — | — | — | — | — | — | — | — | — |
| EBITDA | -8.2M | -20.5M | -26M | -32.3M | -32.8M | -27.8M | -28.6M | -47.8M | -42.7M |
| EPS | -1.4 | -2.85 | -1.46 | -1.77 | -1.49 | -0.45 | -0.29 | -0.47 | -0.32 |
| Diluted EPS | -1.4 | -2.85 | -1.46 | -1.77 | -1.49 | -0.45 | -0.29 | -0.47 | -0.32 |
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 | 6.3M | 6.5M | 8.8M | 10M | 11.2M | 9.3M | 7.8M | 9.4M | 10.1M | 6.2M | 9.9M | 15.2M |
| Selling, general & administrative | 2.7M | 2.4M | 3.1M | 3.3M | 2.9M | 2.9M | 3.7M | 4.3M | 3.8M | 4M | 5M | 5.4M |
| Operating expenses | 9M | 8.9M | 11.9M | 13.3M | 14.1M | 12.2M | 11.5M | 13.7M | 13.9M | 10.2M | 14.9M | 20.5M |
| Operating income | -9M | -8.9M | -11.9M | -13.3M | -14.1M | -12.2M | -11.5M | -13.7M | -13.9M | -10.2M | -14.9M | -20.5M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | 154K | -3K | -1K | -5K | -11K | 2K | -6K | -7K | -2K | -15K | 4K | -3K |
| Pretax income | -7.7M | -7.8M | -10.9M | -12.4M | -13.3M | -11.4M | -10.4M | -12.3M | -11.8M | -8.3M | -13.2M | -17.8M |
| Income tax | -13K | 18K | -8K | -8K | -31K | 16K | -11K | -21K | -15K | -16K | -20K | -19K |
| Net income | -7.7M | -7.8M | -10.9M | -12.4M | -13.2M | -11.4M | -10.3M | -12.3M | -11.8M | -8.3M | -13.2M | -17.8M |
| Net margin | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -7.7M | -7.8M | -10.9M | -12.3M | -13.2M | -11.4M | -10.3M | -12.3M | -11.8M | -8.3M | -14.9M | -20.5M |
| EPS | -0.08 | — | -0.11 | -0.12 | -0.13 | -0.11 | -0.09 | -0.09 | -0.08 | -0.06 | -0.09 | -0.11 |
| Diluted EPS | -0.08 | — | -0.11 | -0.12 | -0.13 | -0.11 | -0.09 | -0.09 | -0.08 | -0.06 | -0.09 | -0.11 |
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 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| Market cap | — | — | — | 44.9M | — | — | — | 420.1M | — | 2.1B |
| Enterprise value | — | — | — | 14.1M | — | — | — | 313.5M | — | 1.7B |
| Shares outstanding | 9M | 9M | 17.8M | 18.5M | 22.8M | 64.5M | 99M | 102M | 134.7M | 134.7M |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | — | — | -45 |
| P/B | — | — | — | 1.65 | — | — | — | 4.22 | — | 6.38 |
| EV/EBITDA | — | — | — | -0.44 | — | — | — | -6.56 | — | -29.2 |
| Earnings yield | — | — | — | — | — | — | — | — | — | -2.22% |
| FCF yield | — | — | — | -64.7% | — | — | — | -9.11% | — | -1.62% |
| PEG | — | — | — | — | — | — | — | — | — | -2.02 |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | — | — | — | — | 0% |
| Net margin | — | — | — | — | — | — | — | — | — | 0% |
| ROE | -87% | -328.8% | -47.8% | -120.1% | -198.8% | -27.1% | -35.2% | -48.1% | -23.3% | -19.7% |
| ROA | -57.9% | -195.2% | -43.4% | -69.5% | -88.2% | -23.7% | -32.5% | -43.2% | -22.1% | -13.8% |
| ROIC | 420.9% | 2K% | 1.1K% | 926.1% | 633.6% | 772.2% | -3.7K% | 741.8% | 1.2K% | -1.8K% |
| Return on tangible assets | -57.9% | -195.2% | -43.4% | -69.5% | -88.2% | -23.7% | -32.5% | -43.2% | -22.1% | -15.5% |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 3.11 | 3.3 | 11.5 | 8.33 | 2.98 | 9.15 | 15 | 10.4 | 19.7 | 37.3 |
| Quick ratio | 3.11 | 3.3 | 11.5 | 8.33 | 2.98 | 9.15 | 15 | 10.4 | 19.7 | 37.3 |
| Debt / equity | 0.36 | 0.01 | 0.01 | 0.52 | 0.86 | 0.09 | 0.02 | 0.01 | 0 | 0 |
| Debt / assets | 0.24 | 0 | 0.01 | 0.3 | 0.38 | 0.07 | 0.01 | 0.01 | 0 | 0 |
| Net debt / EBITDA | 2.04 | 0.35 | 2.19 | 0.95 | 0.68 | 4 | 2.86 | 2.23 | 4.39 | 5.74 |
| Interest coverage | -2.86 | -117.8 | — | -70.9 | -27.3 | -24.1 | -73.4 | -12K | — | — |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (basic) | -1.4 | -2.85 | -1.46 | -1.77 | -1.49 | -0.45 | -0.29 | -0.47 | -0.32 | -0.32 |
| EPS (diluted) | -1.4 | -2.85 | -1.46 | -1.77 | -1.49 | -0.45 | -0.29 | -0.47 | -0.32 | -0.35 |
| Book value per share | 1.65 | 0.7 | 3.06 | 1.47 | 0.75 | 1.66 | 0.83 | 0.98 | 1.36 | 2.26 |
| FCF per share | -0.89 | -2.06 | -1.3 | -1.57 | -1.27 | -0.44 | -0.32 | -0.38 | -0.31 | -0.34 |
| Cash per share | 2.46 | 0.8 | 3.21 | 2.43 | 1.61 | 1.87 | 0.84 | 1.06 | 1.4 | 2.24 |
| Capex per share | 0 | 0.02 | 0 | 0 | 0 | 0 | 0 | 0 | — | — |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| Capex / operating cash flow | -0.13% | -0.89% | -0.04% | -0.11% | 0% | -0.61% | -0.5% | -0.08% | — | — |
| Payout ratio | — | — | — | — | — | — | — | — | — | 0% |
| FY21 |
| — |
| -$1.49 |
| — |
| — |
| $0 |
| — |
| FY20 | — | -$1.77 | — | — | $0 | — |
| FY19 | — | -$1.46 | — | — | $0 | — |
| FY18 | — | -$2.85 | — | — | $0 | — |
| FY17 | — | -$1.4 | — | — | $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 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 22M | 7.2M | 57.3M | 45M | 36.8M | 120.5M | 83M | 107.6M | 188.3M |
| Receivables | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — |
| Total current assets | 22.2M | 8.8M | 59.6M | 46.3M | 38M | 122.6M | 87.5M | 109.4M | 191.7M |
| Property, plant & equipment | 14K | 149K | 430K | 330K | 184K | 194K | 1.6M | 1.2M | 855K |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — |
| Total assets | 22.2M | 10.5M | 60M | 47.1M | 38.5M | 123M | 89.4M | 110.9M | 193.4M |
| Accounts payable | 537K | 603K | 1.6M | 2M | 2.8M | 2.9M | 1.8M | 3.4M | 3.9M |
| Short-term debt | 5.3M | — | 99K | 113K | 6M | 7M | 306K | 285K | 307K |
| Total current liabilities | 7.1M | 2.7M | 5.2M | 5.6M | 12.7M | 13.4M | 5.8M | 10.5M | 9.7M |
| Long-term debt | — | 46K | 257K | 14.1M | 8.7M | 2.2M | 1M | 747K | 446K |
| Total liabilities | 7.5M | 4.3M | 5.5M | 19.8M | 21.4M | 15.6M | 6.9M | 11.3M | 10.2M |
| Shareholders' equity | 14.8M | 6.2M | 54.5M | 27.3M | 17.1M | 107.5M | 82.5M | 99.6M | 183.2M |
| Total debt | 5.3M | 46K | 356K | 14.2M | 14.6M | 9.2M | 1.3M | 1M | 753K |
| Net debt | -16.7M | -7.2M | -57M | -30.8M | -22.2M | -3.4M | -31.1M | -33.1M | -18.2M |
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 | 88.9M | 83M | 72.8M | 69.5M | 65.5M | 107.6M | 103.3M | 203.9M | 194.9M | 188.3M | 171.8M | 318.9M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 94M | 87.5M | 76.8M | 72.1M | 67.3M | 109.4M | 105.6M | 207.2M | 198.3M | 191.7M | 176.1M | 325.7M |
| Property, plant & equipment | 1.6M | 1.6M | 1.5M | 1.4M | 1.3M | 1.2M | 1.1M | 1M | 954K | 855K | 875K | 878K |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 95.9M | 89.4M | 78.6M | 73.8M | 68.9M | 110.9M | 107M | 208.3M | 199.4M | 193.4M | 179.6M | 330.5M |
| Accounts payable | 1.3M | 1.8M | 2.1M | 1.5M | 1.6M | 3.4M | 1.4M | 3M | 2.7M | 3.9M | 2.2M | 3.1M |
| Short-term debt | 292K | 306K | 322K | 309K | 297K | 285K | 276K | 286K | 296K | 307K | 318K | 329K |
| Total current liabilities | 5.2M | 5.8M | 5.3M | 6.8M | 9.1M | 10.5M | 6.9M | 9.2M | 9M | 9.7M | 7.1M | 8.7M |
| Long-term debt | 1.1M | 1M | 949K | 884K | 816K | 747K | 681K | 605K | 527K | 446K | 364K | 276K |
| Total liabilities | 6.3M | 6.9M | 6.2M | 7.6M | 9.9M | 11.3M | 7.5M | 9.8M | 9.6M | 10.2M | 7.5M | 9M |
| Shareholders' equity | 89.6M | 82.5M | 72.3M | 66.2M | 59M | 99.6M | 99.5M | 198.5M | 189.8M | 183.2M | 172.1M | 321.5M |
| Total debt | 1.4M | 1.3M | 1.3M | 1.2M | 1.1M | 1M | 957K | 891K | 823K | 753K | 682K | 605K |
| Net debt | -24.6M | -31.1M | -12.5M | -11.8M | -14.9M | -33.1M | -18.4M | -116.2M | -56M | -18.2M | -18.7M | -53.7M |
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 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|
| Net income | -12.9M | -20.5M | -26.1M | -32.8M | -33.9M | -29.2M | -29.1M | -47.9M | -42.8M |
| Depreciation & amortization | 4K | 23K | 39K | 47K | 50K | 43K | 123K | 147K | 144K |
| Stock-based compensation | 205K | 496K | 1.1M | 2.4M | 2.5M | 2.3M | 2.2M | 3.6M | 5.2M |
| Change in working capital | 14K | 7K | 403K | 710K | 831K | 9K | -1M | 1.6M | -598K |
| Operating cash flow | -10M | -17.7M | -24.3M | -29.4M | -29.5M | -26.3M | -27.2M | -42.1M | -42.1M |
| Capital expenditure | -13K | -158K | -9K | -32K | 0 | -159K | -137K | -35K | — |
| Investing cash flow | -13K | -158K | -9K | -32K | 0 | -107.4M | 59.4M | -21.5M | -94.1M |
| Dividends paid | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | -1.5M | -1.2M | — | — | — | — | — | — |
| Financing cash flow | 13.4M | 2.1M | 72M | 16.7M | 20.7M | 99.3M | -8.1M | 61M | 108.1M |
| Net change in cash | 3.4M | -15.8M | 47.7M | -12.7M | -8.8M | -34.3M | 24.2M | -2.6M | -28.1M |
| Free cash flow | -8M | -18.4M | -23.1M | -29M | -28.9M | -28.3M | -31.8M | -38.3M | -42.1M |
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 | 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 | -7.7M | -7.8M | -10.9M | -12.4M | -13.2M | -11.4M | -10.3M | -12.3M | -11.8M | -8.3M | -13.2M | -17.8M |
| Depreciation & amortization | 35K | 35K | 35K | 38K | 36K | 38K | 37K | 38K | 38K | 31K | 34K | 34K |
| Stock-based compensation | 530K | 534K | 723K | 1.1M | 821K | 917K | 1.2M | 1.4M | 1.2M | 1.4M | 2.2M | 3.3M |
| Change in working capital | -170K | 627K | 294K | -618K | 130K | 1.8M | -2M | 1.6M | -282K | 123K | -1.5M | -276K |
| Operating cash flow | -7.2M | -6.5M | -9.7M | -11.7M | -12.2M | -8.5M | -11M | -10.1M | -10.9M | -7.6M | -16.7M | -17.4M |
| Capital expenditure | -18K | -22K | 0 | -28K | 0 | -7K | — | — | — | — | — | — |
| Investing cash flow | 18M | 12.8M | -8.1M | 2.8M | 7.7M | -23.9M | -10M | -2.6M | -50.9M | -30.6M | 17.1M | -111.9M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 1.5M | -90K | -32K | -31K | 4.8M | 51.4M | -233K | -368K | 506K | 0 | 0 | 0 |
| Net change in cash | 12.3M | 6.2M | -17.9M | -9M | 256K | 19.1M | -21.2M | -13.1M | -61.3M | -38.2M | 378K | -129.3M |
| Free cash flow | -7.3M | -6.4M | -10.5M | -8.7M | -9.6M | -9.6M | -13.5M | -10.1M | -10.9M | -7.6M | -16.8M | -17.6M |