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 | -$1.5 | -$7.96 | -430.7% | — | $0 | — |
| Q3 25 | -$3 | -$1.5 | +50.0% | — | $0 | — |
| Q2 25 | -$2.5 | -$1.5 | +40.0% | — | $0 | — |
| Q1 25 | -$2.5 | -$3.5 | -40.0% | — | $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 | — | -$8.08 | — | — | $0 | — |
| FY24 | — | -$3.5 | — | — | $0 | — |
| FY23 | — | -$0 | — | — | $0 | — |
| FY22 | — | $0.04 | — | — | $0 | — |
| FY21 | — | -$0.13 | — | — | $0 | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $0 |
| YoY change | — | 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 |
|---|
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — |
| Gross profit | — | — | — | — | — |
| Gross margin | — | — | — | — | — |
| Research & development | 3M | 5.8M | — | 31M | 11.1M |
| Selling, general & administrative | 1.7M | 953.1K | 2.3M | 22.5M | 15M |
| Operating expenses | 4.6M | 6.7M | 2.3M | 53.6M | 26.1M |
| Operating income | -4.6M | -953.1K | -2.3M | -53.6M | -26.1M |
| Operating margin | — | — | — | — | — |
| Non-operating income, net | -10.4M | 5.4M | 2.5M | 40M | 60.7K |
| Pretax income | -15.6M | 4.4M | -67.3K | -13.7M | -26.3M |
| Income tax | — | — | — | — | — |
| Net income | -15.6M | 4.4M | -67.3K | -13.7M | -26.3M |
| Net margin | — | — | — | — | — |
| EBITDA | -15M | -953.1K | -2.3M | -4.7M | -25.6M |
| EPS | -0.13 | 0.04 | -0 | -3.5 | -8.08 |
| Diluted EPS | -0.13 | 0.04 | -0 | -3.5 | -8.08 |
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 | — | 20.8M | 4.1M | 3.3M | 2.8M | 3.2M | 2.7M | 3.1M | 2.1M | 3.1M | 3.3M |
| Selling, general & administrative | 1.2M | -1.1M | 8.7M | 4.5M | 2.8M | 6.6M | 7.2M | 2.7M | 2.6M | 2.5M | 2.3M | 2.4M |
| Operating expenses | 2.3M | -1.1M | 29.5M | 8.6M | 6.1M | 9.4M | 10.4M | 5.4M | 5.7M | 4.6M | 5.4M | 5.7M |
| Operating income | -2.3M | 4.6M | -29.5M | -8.6M | -6.1M | -9.4M | -10.4M | -5.4M | -5.7M | -4.6M | -5.4M | -5.7M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | -1.3M | 51.6M | 40.9M | -1.1M | 213.8K | -65.5K | 13.9K | -21.4K | 65K | 3.3K | 25.8K | -1.2K |
| Pretax income | -3.9M | 56.8M | 11.3M | -9.7M | -5.9M | -9.5M | -10.4M | -5.5M | -5.7M | -4.7M | -5.4M | -5.8M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — |
| Net income | -3.9M | 56.8M | 11.3M | -9.7M | -5.9M | -9.5M | -10.4M | -5.5M | -5.7M | -4.7M | -5.4M | -5.8M |
| Net margin | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -3.4M | 53.7M | 19.1M | -7.5M | -5.9M | -9.3M | -10.3M | -5.4M | -5.7M | -4.5M | -5.3M | -5.6M |
| EPS | -0.02 | — | 0.08 | -0.04 | -0.03 | — | -3.5 | -1.5 | -1.5 | — | -1.61 | -1.52 |
| Diluted EPS | -0.02 | — | -0.26 | -0.04 | -0.03 | — | -3.5 | -1.5 | -1.5 | — | -1.61 | -1.52 |
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 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Market cap | — | — | — | — | — | 44M |
| Enterprise value | — | — | — | — | — | 61.2M |
| Shares outstanding | 120M | 120M | 165.4M | 2.9M | 3.3M | 3.3M |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | 2.86 |
| P/B | — | — | — | — | — | -3.04 |
| EV/EBITDA | — | — | — | — | — | -2.87 |
| Earnings yield | — | — | — | — | — | 35% |
| FCF yield | — | — | — | — | — | -6.93% |
| PEG | — | — | — | — | — | 2.14 |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | 0% |
| Net margin | — | — | — | — | — | 0% |
| ROE | 94.6% | 1.29% | 9.68% | 205.7% | 319.1% | 319.1% |
| ROA | -203.7% | 1.23% | -0.4% | -396.6% | -599.5% | -297.4% |
| Return on tangible assets | -203.7% | 1.23% | -0.4% | -396.6% | -599.5% | -457.1% |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Current ratio | 10.7 | 0.78 | 0.12 | 0.26 | 0.22 | 0.33 |
| Quick ratio | 10.7 | 0.78 | 0.12 | 0.26 | 0.22 | 0.33 |
| Debt / equity | -1.42 | 0.12 | -2.35 | -0.43 | -0.91 | -0.01 |
| Debt / assets | 3.07 | 0.11 | 0.1 | 0.83 | 1.71 | 2 |
| Net debt / EBITDA | -1.09 | -41.8 | -0.71 | -0.34 | -0.27 | -0.39 |
| Interest coverage | -25.1 | — | 0.74 | -73.6 | -133.3 | -133.3 |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (basic) | -0.13 | 0.04 | -0 | -3.5 | -8.08 | -8.08 |
| EPS (diluted) | -0.13 | 0.04 | -0 | -3.5 | -8.08 | -6.29 |
| Book value per share | -0.14 | 2.85 | -0 | -2.28 | -2.48 | -4.16 |
| FCF per share | -0.04 | -0 | -0.01 | -4.09 | -3.73 | -3.04 |
| Cash per share | 0.06 | 0 | 0 | 0.44 | 0.17 | 0.17 |
| Capex per share | 0 | 0 | — | 0 | — | — |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Capex / operating cash flow | -2.01% | 2.76% | — | 0% | — | — |
| Payout ratio | — | — | — | — | — | 0% |
| 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% |
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 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash & short-term investments | 7.1M | 129.2K | 8.8K | 1.3M | 552.4K |
| Receivables | — | — | — | — | — |
| Inventory | — | — | — | — | — |
| Total current assets | 7.2M | 274.4K | 355.8K | 2.4M | 1.5M |
| Property, plant & equipment | 142.6K | 1.3M | — | 524.9K | 1.6M |
| Goodwill & intangibles | — | — | — | — | — |
| Total assets | 7.7M | 357.1M | 17M | 3.5M | 4.4M |
| Accounts payable | 378K | 210.5K | 1.1M | 5.2M | 3.3M |
| Short-term debt | — | 278.2K | 1.6M | 1.9M | 2M |
| Total current liabilities | 667.9K | 350.5K | 3M | 9M | 7.1M |
| Long-term debt | 23.5M | 39.7M | — | 1M | 5.5M |
| Total liabilities | 24.1M | 15.1M | 17.7M | 10.1M | 12.6M |
| Shareholders' equity | -16.5M | 342.1M | -695.8K | -6.7M | -8.2M |
| Total debt | 23.5M | 40M | 1.6M | 2.9M | 7.5M |
| Net debt | 16.4M | 39.9M | 1.6M | 1.6M | 6.9M |
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 | Q2 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 | 3.5M | 8.8K | 1.3M | 1.1M | 2.3M | 1.3M | 2M | 685.2K | 1M | 552.4K | 692.3K | 1.1M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 3.7M | 355.8K | 2.4M | 2.4M | 3.5M | 2.4M | 3.1M | 2.1M | 2.1M | 1.5M | 2.1M | 2M |
| Property, plant & equipment | 1.1M | — | 830.2K | 730.2K | 628.5K | 524.9K | 419.5K | 1.6M | 1.6M | 1.6M | 1.5M | 1.5M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 5.6M | 17M | 3.4M | 3.3M | 4.3M | 3.5M | 4.1M | 4.3M | 4.5M | 4.4M | 4.9M | 4.7M |
| Accounts payable | 1.1M | 1.1M | 5.2M | 6.7M | 5.8M | 5.2M | 4.7M | 4.2M | 3.3M | 3.3M | 3.8M | 2.8M |
| Short-term debt | 63.2M | 1.6M | 1.9M | 1.9M | 2.9M | 1.9M | 1.8M | 2M | 2M | 2M | 2M | 2M |
| Total current liabilities | 64.9M | 3M | 8.9M | 10.6M | 10.4M | 9M | 8.7M | 8.1M | 6.7M | 7.1M | 7.3M | 6.2M |
| Long-term debt | 27.6M | — | 166.8K | 96.8K | 42.6K | 1M | 3M | 5.6M | 5.6M | 5.5M | 7.5M | 7.5M |
| Total liabilities | 92.5M | 17.7M | 9.2M | 10.9M | 10.5M | 10.1M | 11.8M | 13.8M | 12.3M | 12.6M | 14.8M | 13.6M |
| Shareholders' equity | -86.9M | -695.8K | -5.8M | -7.6M | -6.2M | -6.7M | -7.7M | -9.5M | -7.8M | -8.2M | -9.8M | -8.9M |
| Total debt | 90.8M | 1.6M | 2.1M | 2M | 3M | 2.9M | 4.8M | 7.6M | 7.5M | 7.5M | 9.5M | 9.4M |
| Net debt | 87.4M | 1.6M | 760.5K | 881.1K | 633.9K | 1.6M | 2.8M | 6.9M | 6.5M | 6.9M | 8.8M | 8.4M |
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 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Net income | -15.6M | 4.4M | -67.3K | -13.7M | -26.3M |
| Depreciation & amortization | 9.4K | 230.8K | — | 403.6K | 509.2K |
| Stock-based compensation | 582.4K | 4.6M | — | 40.8M | 16.2M |
| Change in working capital | -1.4M | -195.5K | 665K | 922K | -2.8M |
| Operating cash flow | -5.5M | 17.3M | 853.7K | -11.1M | -12.3M |
| Capital expenditure | -109.7K | -479K | — | 0 | — |
| Investing cash flow | -109.7K | -479K | 342.9M | 0 | — |
| Dividends paid | — | — | — | — | — |
| Share repurchases | — | 0 | -343M | — | — |
| Financing cash flow | 12.5M | 7.5M | -341.7M | 12.2M | 11.7M |
| Net change in cash | 6.9M | 24.4M | 2.1M | 1.1M | -666.2K |
| Free cash flow | -5.4M | -215.4K | -1.4M | -12M | -12.4M |
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 | -3.9M | 56.8M | 11.3M | -9.7M | -5.9M | -9.4M | -10.4M | -5.5M | -5.7M | -4.7M | -5.4M | -5.8M |
| Depreciation & amortization | 198K | — | 98.3K | -17.2K | 218.9K | 103.5K | 105.4K | 26.6K | 27.2K | 85.8K | 59.1K | 60.1K |
| Stock-based compensation | 0 | — | 26.3M | 4.1M | 3.3M | 7M | 7.3M | 3.2M | 3.2M | 2.4M | 2.8M | 3.3M |
| Change in working capital | 338.2K | 167.3K | 1.6M | 1.4M | -892.3K | -1.1M | -599.5K | -594K | -1.1M | -499.5K | 429.7K | -999.2K |
| Operating cash flow | -1.9M | 7.2M | -1.1M | -3.1M | -3.3M | -3.5M | -3.5M | -3.2M | -3.6M | -2.2M | -2.7M | -3M |
| Capital expenditure | 0 | — | 0 | 0 | 0 | 0 | — | — | — | — | — | — |
| Investing cash flow | 0 | — | 0 | 0 | 0 | 0 | — | — | — | — | — | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | -2.5M | -2.3M | 2.4M | 2.8M | 5M | 2M | 4M | 1.9M | 4M | 1.8M | 2.9M | 428.3K |
| Net change in cash | -4.4M | 4.9M | 1.3M | -338.8K | 1.7M | -1.5M | 456.1K | -1.3M | 351.9K | -420.3K | 139.9K | -2.6M |
| Free cash flow | -1.8M | 5M | -2.2M | -3M | -3.8M | -3M | -3.3M | -3.2M | -3.6M | -2.2M | -2.7M | -3M |