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 % |
|---|---|---|---|---|---|---|
| Q3 26 | -$0.11 | -$0.13 | -18.2% | — | — | — |
| Q2 26 | -$0.1 | -$0.11 | -10.0% | — | — | — |
| Q1 26 | -$0.1 | -$0.07 | +30.0% | — | — | — |
| Q4 25 | -$0.09 | -$0.09 | 0.0% | — | — | — |
| Q3 25 | -$0.07 | -$0.08 | -14.3% | — | — | — |
| Q2 25 | -$0.09 | -$0.07 | +22.2% | — | — | — |
| Q1 25 | -$0.08 | -$0.07 | +12.5% | — | — | — |
| Q4 24 | -$0.09 | -$0.07 | +22.2% | — | — | — |
| Q3 24 | -$0.1 | -$0.09 | +10.0% | — | — | — |
| Q2 24 | -$0.09 | -$0.1 | -11.1% | — | — | — |
| Q1 24 | -$0.1 | -$0.28 | -180.0% | — | — | — |
| Q4 23 | -$0.17 | -$0.13 | +23.5% | — | — | — |
| Q3 23 | -$0.31 | -$0.38 | -22.6% | — | — | — |
| Q2 23 | -$0.35 | -$0.28 | +20.0% | — | — | — |
| Q1 23 | -$0.33 | -$0.99 | -200.0% | — | — | — |
| Q4 22 | -$0.82 | -$0.64 | +22.0% | — | — | — |
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 | — | -$0.34 | — | — | $9.8M | — |
| FY24 | — | -$0.36 | — | — | $8.3M | — |
| FY23 | — | -$0.96 | — | — | $15.5M | — |
| FY22 | — | -$3.78 | — | — | $2.5M | — |
| FY21 | — | -$4.64 | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $2.5M | $15.5M | $8.3M | $9.8M |
| YoY change | — | 0% | +InfinityT% | +517.5% | -46.1% | +17.3% |
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 |
|---|
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 2.5M | 15.5M | 8.3M | 9.8M |
| Cost of revenue | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — |
| Research & development | 31.9M | 131.9M | 91.2M | 56.8M | 66M | 86.4M |
| Selling, general & administrative | 11.1M | 41.3M | 37.4M | 30M | 29M | 33.9M |
| Operating expenses | 43M | 173.3M | 128.5M | 86.8M | 95M | 120.3M |
| Operating income | -43M | -173.3M | -126M | -71.4M | -86.6M | -110.5M |
| Operating margin | — | — | -5K% | -461.9% | -1K% | -1.1K% |
| Non-operating income, net | -17M | — | -36.4M | -38.8M | -9.5M | -7.7M |
| Pretax income | -60M | -174.5M | -166M | -111.6M | -89.3M | -109M |
| Income tax | — | — | — | — | — | — |
| Net income | -60M | -174.5M | -166M | -111.6M | -89.3M | -109M |
| Net margin | — | — | -6.6K% | -722.1% | -1.1K% | -1.1K% |
| EBITDA | -60M | -172.6M | -124.6M | -68M | -83.1M | -106.6M |
| EPS | -3.4 | -4.64 | -3.78 | -0.96 | -0.36 | -0.34 |
| Diluted EPS | -3.4 | -4.64 | -3.78 | -0.96 | -0.36 | -0.34 |
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 | 4.7M | 3.6M | 3.4M | 1.1M | 1.8M | 2M | 2.3M | 2M | 0 | 5.5M | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Research & development | 11.8M | 12.7M | 20.7M | 15.1M | 14.9M | 15.3M | 15.6M | 20.1M | 25.7M | 25M | 33.8M | 38.6M |
| Selling, general & administrative | 8.6M | 6.7M | 7.1M | 7.3M | 7.9M | 6.6M | 8.2M | 8.6M | 8.3M | 8.8M | 9.7M | 12.1M |
| Operating expenses | 20.4M | 19.4M | 27.7M | 22.4M | 22.8M | 22M | 23.7M | 28.7M | 34M | 33.8M | 43.5M | 50.8M |
| Operating income | -15.6M | -15.8M | -24.3M | -21.3M | -21.1M | -19.9M | -21.4M | -26.8M | -34M | -28.3M | -43.5M | -50.8M |
| Operating margin | -329.4% | -438.3% | -713.3% | -1.9K% | -1.2K% | -985.8% | -930.5% | -1.3K% | — | -516% | — | — |
| Non-operating income, net | -101.1M | 62.3M | -1.4M | -1M | -6.5M | -531K | -1.4M | -2M | -1.9M | -2.4M | -1.5M | 1.8M |
| Pretax income | -117.1M | 47.7M | -24.1M | -20.9M | -25.5M | -18.8M | -21.5M | -26.9M | -32.7M | -27.9M | -42.4M | -46.6M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — |
| Net income | -117.1M | 47.7M | -24.1M | -20.9M | -25.5M | -18.8M | -21.5M | -26.9M | -32.7M | -27.9M | -42.4M | -46.6M |
| Net margin | -2.5K% | 1.3K% | -705.4% | -1.9K% | -1.4K% | -929% | -935.2% | -1.4K% | — | -507.8% | — | — |
| EBITDA | -14.2M | -15.1M | -23.4M | -20.8M | -20.4M | -18.5M | -21.3M | -26.3M | -32.1M | -26.8M | -42.1M | -49.8M |
| EPS | -0.93 | — | -0.1 | -0.09 | -0.1 | — | -0.08 | -0.09 | -0.09 | — | -0.12 | -0.13 |
| Diluted EPS | -0.93 | — | -0.1 | -0.09 | -0.1 | — | -0.08 | -0.09 | -0.09 | — | -0.12 | -0.13 |
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 | — | 468.8M | — | — | — | — | — | 1.6B |
| Enterprise value | — | 217.6M | — | — | — | — | — | 1.1B |
| Shares outstanding | — | 17.7M | 37.7M | 44M | 116.1M | 250.1M | 319.7M | 319.7M |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | 2.53 |
| P/S | — | — | — | — | — | — | — | 277.4 |
| P/B | — | 1.87 | — | — | — | — | — | 3.92 |
| EV/EBITDA | — | -3.63 | — | — | — | — | — | -7.39 |
| EV/Sales | — | — | — | — | — | — | — | 204.7 |
| Earnings yield | — | — | — | — | — | — | — | 39.5% |
| FCF yield | — | -8.49% | — | — | — | — | — | -4.98% |
| PEG | — | — | — | — | — | — | — | 0.06 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | -5K% | -461.9% | -1K% | -1.1K% | -2.8K% |
| Net margin | — | — | — | -6.6K% | -722.1% | -1.1K% | -1.1K% | 0% |
| ROE | — | -23.9% | -183% | -17.5K% | -148.9% | -124.8% | -44.1% | -47.1% |
| ROA | — | -23.2% | -81.6% | -131.5% | -64.6% | -55.7% | -31.7% | -23.8% |
| Return on tangible assets | — | -23.2% | -81.6% | -131.5% | -64.6% | -55.7% | -31.7% | -31.8% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Current ratio | — | 36.2 | 3.08 | 1.54 | 4.08 | 5.42 | 12.2 | 17.8 |
| Quick ratio | — | 36.2 | 3.08 | 1.54 | 4.08 | 5.42 | 12.2 | 17.8 |
| Debt / equity | — | 0 | 0.66 | 63.1 | 0.82 | 0.88 | 0.28 | 0.15 |
| Debt / assets | — | 0 | 0.29 | 0.47 | 0.35 | 0.39 | 0.2 | 0.12 |
| Net debt / EBITDA | — | 4.19 | 0.5 | 0.22 | 1.22 | 0.91 | 2.34 | 2.64 |
| Interest coverage | — | -2.1K | -121.2 | -42.7 | -21.3 | -874.5 | -1.7K | -3.6K |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Revenue per share | — | 0 | 0 | 0.06 | 0.13 | 0.03 | 0.03 | 0.01 |
| EPS (basic) | — | -3.4 | -4.64 | -3.78 | -0.96 | -0.36 | -0.34 | -0.34 |
| EPS (diluted) | — | -3.4 | -4.64 | -3.78 | -0.96 | -0.36 | -0.34 | -0.41 |
| Book value per share | — | 14.2 | 2.53 | 0.02 | 0.65 | 0.29 | 0.77 | 1.19 |
| FCF per share | — | -2.25 | -3.68 | -2.58 | -0.69 | -0.33 | -0.29 | -0.37 |
| Cash per share | — | 14.2 | 3.96 | 2 | 1.24 | 0.56 | 1 | 1.4 |
| Capex per share | — | 0 | 0.41 | 0.47 | 0.03 | 0 | — | — |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Capex / revenue | — | — | — | 824.1% | 25% | 4.49% | — | — |
| Capex / operating cash flow | — | -0.29% | -11.7% | -17.5% | -3.49% | -0.44% | — | — |
| Payout ratio | — | — | — | — | — | — | — | 0% |
| — |
| $0 |
| — |
| FY20 | — | -$3.4 | — | — | $0 | — |
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $4.7M | $3.6M | $3.4M | $1.1M | $1.8M | $2M | $2.3M | $2M | $0 | $5.5M | $0 | $0 |
| YoY change | +InfinityT% | +44% | -27.5% | -53.6% | -62.3% | -43.9% | -32.5% | +78.6% | -100% | +171.3% | -100% | -100% |
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 | 0 | 251.3M | 149.1M | 87.9M | 143.9M | 139M | 319.8M |
| Receivables | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — |
| Total current assets | 15K | 257.9M | 159.6M | 96.4M | 149.9M | 142.1M | 324.6M |
| Property, plant & equipment | 0 | 287K | 50.6M | 25.9M | 20.4M | 15.9M | 16.2M |
| Goodwill & intangibles | — | — | — | — | — | — | — |
| Total assets | 15K | 258.9M | 214M | 126.3M | 172.7M | 160.4M | 343.3M |
| Accounts payable | 0 | 2M | 21.8M | 10.9M | 6.4M | 3.6M | 6.3M |
| Short-term debt | — | — | — | 1.5M | 1.6M | 1.9M | 1.9M |
| Total current liabilities | 150K | 7.1M | 51.7M | 62.8M | 36.8M | 26.2M | 26.6M |
| Long-term debt | — | 0 | 63.1M | 58.4M | 59.5M | 61.3M | 68.3M |
| Total liabilities | 150K | 7.6M | 118.6M | 125.3M | 97.8M | 88.8M | 96.4M |
| Shareholders' equity | -135K | 251.3M | 95.4M | 949K | 74.9M | 71.5M | 246.9M |
| Total debt | — | 0 | 63.1M | 59.9M | 61.1M | 63.2M | 70.1M |
| Net debt | — | -251.3M | -86M | -28M | -82.8M | -75.9M | -249.6M |
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 | 164.3M | 143.9M | 124M | 172.7M | 157.7M | 139M | 116.6M | 312.8M | 297.3M | 319.8M | 276.6M | 455.4M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 171.8M | 149.9M | 130.6M | 178.5M | 161.6M | 142.1M | 120.7M | 316.3M | 300M | 324.6M | 282.3M | 461.4M |
| Property, plant & equipment | 21M | 20.4M | 19.9M | 19.5M | 16.3M | 15.9M | 15.3M | 14.7M | 14.3M | 16.2M | 15.6M | 8.7M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 195.8M | 172.7M | 153M | 200.4M | 180.2M | 160.4M | 138.4M | 333.3M | 316.6M | 343.3M | 300.4M | 470.4M |
| Accounts payable | 7.5M | 6.4M | 10.4M | 8.7M | 4.9M | 3.6M | 4.3M | 7.7M | 5.4M | 6.3M | 4.6M | 9.2M |
| Short-term debt | 1.5M | 1.6M | 1.7M | 1.8M | 1.8M | 1.9M | 1.8M | 1.7M | 1.7M | 1.9M | 1.8M | 1.2M |
| Total current liabilities | 180.5M | 36.8M | 38.6M | 34.2M | 29.3M | 26.2M | 22.6M | 25.3M | 28.6M | 26.6M | 20.1M | 26M |
| Long-term debt | 57.6M | 59.5M | 59M | 56M | 60.7M | 61.3M | 59.5M | 57.9M | 67.4M | 68.3M | 66.7M | 55.6M |
| Total liabilities | 244.9M | 97.8M | 99.2M | 91.5M | 91.4M | 88.8M | 83.3M | 84.6M | 97.6M | 96.4M | 88.4M | 83.2M |
| Shareholders' equity | -49.1M | 74.9M | 53.8M | 108.9M | 88.8M | 71.5M | 55.1M | 248.7M | 219M | 246.9M | 211.9M | 387.3M |
| Total debt | 59.2M | 61.1M | 60.7M | 57.7M | 62.5M | 63.2M | 61.4M | 59.6M | 69M | 70.1M | 68.6M | 56.7M |
| Net debt | -105.1M | -82.8M | -63.3M | -115M | -95.2M | -75.9M | -55.2M | -253.2M | -228.3M | -249.6M | -208M | -398.7M |
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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Net income | -60M | -174.5M | -166M | -111.6M | -89.3M | -109M |
| Depreciation & amortization | 9K | 492K | 1.2M | 1.4M | 1.2M | 1.1M |
| Stock-based compensation | 3.4M | 18.2M | 18M | 7.9M | 13.1M | 13.3M |
| Change in working capital | 2M | 14.5M | 25.8M | -17.7M | -11.3M | -9.9M |
| Operating cash flow | -28.7M | -131.2M | -117.6M | -110.8M | -84.8M | -93.1M |
| Capital expenditure | -82K | -15.3M | -20.6M | -3.9M | -374K | — |
| Investing cash flow | -82K | -15.3M | -20.7M | -3.9M | -363K | 134K |
| Dividends paid | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — |
| Financing cash flow | 291.1M | 39.1M | 51.8M | 136.3M | 76.6M | 273.2M |
| Net change in cash | 262.3M | -107.4M | -86.4M | 21.7M | -8.6M | 180.3M |
| Free cash flow | -39.8M | -138.6M | -113.3M | -80.4M | -81.6M | -93.8M |
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 | -117.1M | 47.7M | -24.1M | -20.9M | -25.5M | -18.8M | -21.5M | -26.9M | -32.7M | -27.9M | -42.4M | -46.6M |
| Depreciation & amortization | 331K | 366K | 325K | 322K | 294K | 304K | 283K | 277K | 286K | 299K | 295K | 291K |
| Stock-based compensation | 2M | 2M | 3.2M | 3.3M | 3.4M | 3.2M | 3.3M | 3.2M | 3.3M | 3.5M | 5.5M | 5.8M |
| Change in working capital | -7.9M | -4.8M | 569K | -2.7M | -5.6M | -3.5M | -1.4M | 1M | -1.9M | -7.6M | 1.3M | 4.6M |
| Operating cash flow | -119.6M | 47M | -19.9M | -19.8M | -26.1M | -19.1M | -18.7M | -20.2M | -24.2M | -26.7M | -40.9M | -40.4M |
| Capital expenditure | 0 | -17K | -140K | -201K | -35K | 2K | -378K | — | — | — | — | — |
| Investing cash flow | 0 | -10K | -140K | -201K | -35K | 2K | -371K | 64K | 60K | 3K | — | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 140.6M | -798K | -48K | -13K | 6.5M | -357K | -127K | 118K | -725K | 48.5M | 19K | 75K |
| Net change in cash | 21M | 46.1M | -20.1M | -20M | -19.6M | -19.5M | -19.2M | -20M | -24.8M | 21.8M | -40.9M | -40.4M |
| Free cash flow | -21.4M | -16.1M | -19.9M | -21.7M | -21.6M | -18.3M | -22.4M | -20.2M | -24.3M | -27M | -43.9M | -40.4M |