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 | -$0.33 | -$0.06 | +81.8% | — | $0 | — |
| Q1 26 | -$0.46 | -$0.82 | -78.3% | — | — | — |
| Q4 25 | -$0.53 | -$0.33 | +37.7% | — | — | — |
| Q3 25 | -$0.7 | -$0.52 | +25.7% | — | — | — |
| Q2 25 | -$0.62 | -$0.5 | +19.4% | — | — | — |
| Q1 25 | -$0.09 | -$0.26 | -188.9% | — | — | — |
| Q4 24 | -$1.52 | -$0.5 | +67.1% | — | — | — |
| Q3 24 | -$1.92 | $1.5 | +178.1% | — | — | — |
| Q2 24 | -$1.55 | -$6.1 | -293.5% | — | — | — |
| Q1 24 | -$1.63 | -$1.6 | +1.8% | — | — | — |
| Q4 23 | -$0.12 | -$0.13 | -8.3% | — | — | — |
| Q3 23 | -$0.34 | -$0.29 | +14.7% | — | — | — |
| Q2 23 | -$3.72 | -$9.7 | -160.8% | — | — | — |
| Q1 23 | -$2.44 | -$3.5 | -43.4% | — | $675K | — |
| Q4 22 | -$2.8 | -$3.7 | -32.1% | — | — | — |
| Q3 22 | -$0.23 | -$0.24 | -4.3% | — | — | — |
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 | — | -$1.67 | — | — | $0 | — |
| FY24 | — | -$5.6 | — | — | $0 | — |
| FY23 | — | -$1.28 | — | — | $675K | — |
| FY22 | — | -$1.2 | — | — | $951K | — |
| FY21 | — | -$0.86 |
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 | $951K | $675K | $0 | $0 |
| YoY change | — | 0% | 0% | +InfinityT% | -29% | -100% | 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 | 0 | 0 | 951K | 675K | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — |
| Research & development | 795K | 1M | 6.1M | 12.4M | 12.9M | 20M | 9.1M |
| Selling, general & administrative | 1.2M | 1M | 2.9M | 6.6M | 8.5M | 12.1M | 20.4M |
| Operating expenses | 2M | 2M | 9M | 19M | 21.4M | 32.1M | 29.5M |
| Operating income | -2M | -2M | -9M | -18.1M | -20.8M | -32.1M | -29.5M |
| Operating margin | — | — | — | -1.9K% | -3.1K% | — | — |
| Non-operating income, net | -63K | — | -412K | — | -10.3M | -5.8M | 2M |
| Pretax income | -2.2M | -2.3M | -10M | -18.1M | -30.5M | -36.7M | -26.6M |
| Income tax | — | — | — | — | — | — | — |
| Net income | -2.2M | -2.3M | -10M | -18.1M | -30.5M | -36.7M | -26.6M |
| Net margin | — | — | — | -1.9K% | -4.5K% | — | — |
| EBITDA | -2M | -2M | -9M | -17.9M | -19.9M | -30.4M | -27.9M |
| EPS | -0.15 | -0.26 | -0.86 | -1.2 | -1.28 | -5.6 | -1.67 |
| Diluted EPS | -0.15 | -0.26 | -0.86 | -1.2 | -1.28 | -5.6 | -1.67 |
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 |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Research & development | — | — | — | — | — | — | — | — | 3M | 2.3M | 1.6M | 2.8M |
| Selling, general & administrative | — | — | — | — | — | — | — | — | 4.4M | 5M | 6.8M | 7.4M |
| Operating expenses | — | — | — | — | — | — | — | — | 7.3M | 7.2M | 8.4M | 10.1M |
| Operating income | — | — | — | — | — | — | — | — | -7.3M | -7.2M | -8.4M | -10.1M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | 1.4M | -1.6M | -11.8M | 16.8M | 1.8M | -12.6M | 8.3M | 374K | 1.1M | -7.8M | -4.8M | 8M |
| Pretax income | — | — | — | — | — | — | — | — | -6M | -14.7M | -12.8M | -1.7M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — |
| Net income | — | — | — | — | — | — | — | — | -6M | -14.7M | -12.8M | -1.7M |
| Net margin | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA | — | — | — | — | — | — | — | — | -6.9M | -6.7M | -7.8M | -9.5M |
| EPS | -0.13 | — | -0.61 | 0.08 | -0.5 | — | 0 | -0.52 | -0.33 | — | -0.54 | -0.06 |
| Diluted EPS | -0.13 | — | -0.61 | -0.15 | -0.5 | — | -0.5 | -0.52 | -0.33 | — | -0.54 | -0.06 |
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 | — | — | — | — | — | — | — | 145.2M |
| Enterprise value | — | — | — | — | — | — | — | 86.9M |
| Shares outstanding | 14.5M | 8.6M | 11.7M | 15.1M | 24.5M | 6.7M | 15.9M | 15.9M |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | -3.17 |
| P/B | — | — | — | — | — | — | — | 2.77 |
| EV/EBITDA | — | — | — | — | — | — | — | -2.63 |
| Earnings yield | — | — | — | — | — | — | — | -31.6% |
| FCF yield | — | — | — | — | — | — | — | -8.76% |
| PEG | — | — | — | — | — | — | — | 0 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | -1.9K% | -3.1K% | — | — | 0% |
| Net margin | — | — | — | -1.9K% | -4.5K% | — | — | 0% |
| ROE | 244.9% | 84.8% | -60.8% | 3.9K% | 801.9% | -494.3% | -87.9% | -101.1% |
| ROA | -11.4K% | -1.1K% | -53.4% | -640.8% | -215.2% | -116% | -54% | -40.6% |
| Return on tangible assets | -11.4K% | -1.1K% | -53.4% | -640.8% | -215.2% | -116% | -54% | -62% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Current ratio | 0.02 | 0.07 | 8.75 | 0.81 | 0.76 | 1.28 | 2.59 | 3.81 |
| Quick ratio | 0.02 | 0.07 | 8.75 | 0.81 | 0.76 | 1.28 | 2.59 | 2.4 |
| Debt / equity | -0.52 | -0.94 | 0.02 | -0.43 | -0.21 | 0.1 | 0.01 | 0.01 |
| Debt / assets | 24.2 | 12.3 | 0.02 | 0.07 | 0.06 | 0.02 | 0 | 0.01 |
| Net debt / EBITDA | -0.23 | -1.25 | 1.81 | 0.01 | 0.45 | 0.83 | 1.47 | 1.91 |
| Interest coverage | -14.6 | -8.28 | -15 | -3K | -371.5 | -516.3 | -373 | -725.3 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 0 | 0.06 | 0.03 | 0 | 0 | 0 |
| EPS (basic) | -0.15 | -0.26 | -0.86 | -1.2 | -1.28 | -5.6 | -1.67 | -1.67 |
| EPS (diluted) | -0.15 | -0.26 | -0.86 | -1.2 | -1.28 | -5.6 | -1.67 | -1.78 |
| Book value per share | -0.06 | -0.31 | 1.41 | -0.03 | -0.16 | 1.11 | 1.9 | 1.91 |
| FCF per share | -0.08 | -0.17 | -0.5 | -1.04 | -0.75 | -4.28 | -1.97 | -1.2 |
| Cash per share | 0 | 0 | 1.42 | 0.03 | 0.4 | 3.9 | 2.6 | 2.21 |
| Capex per share | — | 0 | 0 | 0 | 0 | 0.01 | — | — |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Capex / revenue | — | — | — | 0.21% | 1.78% | — | — | — |
| Capex / operating cash flow | — | 0% | -0.64% | -0.01% | -0.04% | -0.21% | — | — |
| Payout ratio | — | — | — | — | — | -2.98% | 0% | 0% |
| — |
| — |
| $0 |
| — |
| FY20 | — | -$0.26 | — | — | $0 | — |
| FY19 | — | -$0.15 | — | — | $0 | — |
| Q2 24 |
|---|
| Q3 24 |
|---|
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
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| Revenue | — | — | — | — | — | — | — | — | $0 | $0 | $0 | $0 |
| YoY change | — | — | — | — | — | — | — | — | — | — | — | — |
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 | 15K | 0 | 16.6M | 455K | 9.7M | 26.1M | 41.3M |
| Receivables | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — |
| Total current assets | 19K | 204K | 18.4M | 2.6M | 13.4M | 30.9M | 49M |
| Property, plant & equipment | — | 0 | 333K | 22K | 26K | 75K | 66K |
| Goodwill & intangibles | — | — | — | — | — | — | — |
| Total assets | 19K | 204K | 18.7M | 2.8M | 14.2M | 31.7M | 49.1M |
| Accounts payable | 322K | 183K | 713K | 846K | 821K | 966K | 301K |
| Short-term debt | 460K | 2.5M | 180K | 201K | 345K | 656K | 199K |
| Total current liabilities | 903K | 2.9M | 2.1M | 3.3M | 17.5M | 24.1M | 18.9M |
| Long-term debt | — | 0 | 155K | 0 | 466K | 117K | 0 |
| Total liabilities | 903K | 2.9M | 2.3M | 3.3M | 18M | 24.2M | 18.9M |
| Shareholders' equity | -884K | -2.7M | 16.5M | -466K | -3.8M | 7.4M | 30.2M |
| Total debt | 460K | 2.5M | 335K | 201K | 811K | 773K | 199K |
| Net debt | 445K | 2.5M | -16.2M | -254K | -8.9M | -25.4M | -29M |
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 | 14.3M | 9.7M | 48.9M | 41.8M | 32.3M | 26.1M | 19.8M | 22.3M | 42.7M | 41.3M | 54.6M | 61.4M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 18.6M | 13.4M | 51.7M | 44.1M | 37.7M | 30.9M | 27.3M | 29.5M | 50.3M | 49M | 63.5M | 71.3M |
| Property, plant & equipment | 28K | 26K | 23K | 43K | 61K | 75K | 83K | 83K | 75K | 66K | 48K | 41K |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 19.4M | 14.2M | 52.4M | 44.7M | 38.6M | 31.7M | 27.9M | 30M | 50.6M | 49.1M | 64.4M | 72M |
| Accounts payable | 990K | 821K | 1.2M | 1.4M | 519K | 966K | 1.3M | 708K | 717K | 301K | 1M | 2.2M |
| Short-term debt | 314K | 345K | 343K | 360K | 542K | 656K | 694K | 476K | 505K | 199K | 724K | 683K |
| Total current liabilities | 15.5M | 17.5M | 30.3M | 13.1M | 10.5M | 24.1M | 16.7M | 13.6M | 13.1M | 18.9M | 26.5M | 18.7M |
| Long-term debt | 552K | 466K | 372K | 274K | 265K | 117K | 0 | 0 | 0 | 0 | 217K | 55K |
| Total liabilities | 16M | 18M | 30.7M | 13.4M | 10.7M | 24.2M | 16.7M | 13.6M | 13.1M | 18.9M | 26.7M | 18.8M |
| Shareholders' equity | 3.4M | -3.8M | 21.7M | 31.3M | 27.9M | 7.4M | 11.3M | 16.4M | 37.5M | 30.2M | 37.7M | 53.3M |
| Total debt | 866K | 811K | 715K | 634K | 807K | 773K | 694K | 476K | 505K | 199K | 941K | 738K |
| Net debt | -13.5M | -8.9M | -48.2M | -41.1M | -31.5M | -25.4M | -19.1M | -21.9M | -42.2M | -29M | -36.4M | -43.4M |
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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Net income | -2.2M | -2.3M | -10M | -18.1M | -30.5M | -36.7M | -26.6M |
| Depreciation & amortization | — | 0 | 13K | 161K | 284K | 428K | 572K |
| Stock-based compensation | 24K | 232K | 966K | 1M | 1.8M | 2.4M | 2.6M |
| Change in working capital | 308K | -68K | 1.2M | 1.1M | 1M | 393K | -3.1M |
| Operating cash flow | -1.5M | -1.8M | -4.6M | -15.7M | -27.5M | -33.6M | -31.3M |
| Capital expenditure | — | 0 | -29K | -2K | -12K | -72K | — |
| Investing cash flow | — | 0 | -29K | -2K | -12K | -72K | -12.1M |
| Dividends paid | — | — | — | — | — | -1.1M | 0 |
| Share repurchases | — | — | — | — | — | — | — |
| Financing cash flow | 1.2M | 2.9M | 22.3M | -471K | 27.5M | 45.1M | 45M |
| Net change in cash | -320K | 1.1M | 17.7M | -16.2M | 60K | 11.5M | 1.6M |
| Free cash flow | -1.2M | -1.5M | -5.8M | -15.7M | -18.3M | -28.6M | -31.3M |
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 | Q2 23 | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -3.8M | -4.3M | -7.8M | -21M | 9.9M | -4.1M | -21.5M | 570K | -6.4M | -6M | -14.7M | -12.8M |
| Depreciation & amortization | 78K | 79K | 82K | 284K | -113K | 123K | 134K | 135K | 138K | 148K | 151K | 211K |
| Stock-based compensation | 144K | 929K | 550K | 522K | 641K | 605K | 582K | 563K | 571K | 730K | 777K | 754K |
| Change in working capital | -53K | 1.4M | 354K | -273K | 115K | -113K | 845K | -133K | -140K | -144K | -2M | -211K |
| Operating cash flow | -3.7M | -1.9M | -6.8M | -20.4M | 10.5M | -3.5M | -20M | 1.1M | -8.4M | -6M | -8M | -6.2M |
| Capital expenditure | -12K | 0 | 0 | -6K | -20K | -24K | -22K | -16K | — | — | — | — |
| Investing cash flow | -12K | 0 | 0 | -6K | -20K | -24K | -22K | -16K | — | — | — | -5.1M |
| Dividends paid | — | 0 | — | — | — | 0 | 0 | — | — | 0 | 0 | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 0 | -51K | -205K | 45.7M | 284K | -157K | 365K | 2.5M | 9.5M | 26.3M | 6.6M | 19.6M |
| Net change in cash | -3.7M | -2M | -7M | 25.3M | 10.8M | -3.7M | -19.6M | 3.7M | 1.1M | 20.4M | -1.4M | 8.2M |
| Free cash flow | -5.5M | -4.4M | -4.4M | -6.5M | -6.3M | -9.3M | -6.6M | -8.9M | -8.4M | -6M | -8M | -6.2M |