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 | -$0.08 | -$0.07 | +12.5% | — | — | — |
| Q2 26 | -$0.08 | -$0.08 | 0.0% | — | — | — |
| Q1 26 | -$0.09 | -$0.09 | 0.0% | — | — | — |
| Q4 25 | -$0.11 | -$0.11 | 0.0% | — | — | — |
| Q3 25 | -$0.1 | -$0.12 | -20.0% | — | — | — |
| Q2 25 | -$0.1 | -$0.11 | -10.0% | — | — | — |
| Q1 25 | -$0.11 | -$0.11 | 0.0% | — | $0 | — |
| Q3 24 | -$0.1 | -$0.11 | -10.0% | — | $0 | — |
| Q2 24 | -$0.12 | -$0.1 | +16.7% | — | $0 | — |
| Q1 24 | -$0.12 | -$0.12 | 0.0% | — | $0 | — |
| Q4 23 | -$0.14 | -$0.12 | +14.3% | — | $0 | — |
| Q3 23 | -$0.13 | -$0.13 | 0.0% | — | $0 | — |
| Q2 23 | -$0.11 | -$0.13 | -18.2% | — | $0 | — |
| Q1 23 | — | -$0.12 | — | — | $0 | — |
| Q4 22 | $0.55 | -$0.18 | -132.7% | — | $0 | — |
| Q3 22 | — | $0.04 | — | — | $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 | — | -$0.43 | — | — | $0 | — |
| FY24 | — | -$0.43 | — | — | $0 | — |
| FY23 | — | -$0.5 | — | — | $0 | — |
| FY22 | — | -$0.36 | — | — | $0 | — |
| FY21 | — | -$0.39 | — |
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 | $0 | $0 | $0 | $0 |
| YoY change | — | 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 |
|---|
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 | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — |
| Research & development | 6.9M | 11M | 14.2M | 17M | 15.7M | 18.1M |
| Selling, general & administrative | 2.4M | 2.3M | 7.1M | 10M | 8.9M | 9.4M |
| Operating expenses | 9.2M | 13.3M | 21.2M | 27M | 24.7M | 27.6M |
| Operating income | -9.2M | -13.3M | -21.2M | -27M | -24.7M | -27.6M |
| Operating margin | — | — | — | — | — | — |
| Non-operating income, net | -36K | 550K | 7.4M | 1.3M | 1.2M | 947K |
| Pretax income | -9.3M | -12.8M | -13.9M | -25.7M | -23.5M | -26.6M |
| Income tax | — | — | — | — | — | — |
| Net income | -9.3M | -12.8M | -13.9M | -25.7M | -23.5M | -26.6M |
| Net margin | — | — | — | — | — | — |
| EBITDA | -8.9M | -13M | -20.9M | -26.6M | -24.3M | -27.1M |
| EPS | -0.28 | -0.39 | -0.36 | -0.5 | -0.43 | -0.43 |
| Diluted EPS | -0.28 | -0.39 | -0.36 | -0.5 | -0.43 | -0.43 |
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 | 4.4M | 4.7M | 3.7M | 3.5M | 4.2M | 4.3M | 4.2M | 4.8M | 4.5M | 4.6M | 4.4M | 4.5M |
| Selling, general & administrative | 2.7M | 1.5M | 2.5M | 2.2M | 2.1M | 2.2M | 2.3M | 2.7M | 2.2M | 2.2M | 2.4M | 2.4M |
| Operating expenses | 7.1M | 6.2M | 6.2M | 5.7M | 6.3M | 6.5M | 6.6M | 7.5M | 6.7M | 6.8M | 6.8M | 6.9M |
| Operating income | -7.1M | -6.2M | -6.2M | -5.7M | -6.3M | -6.5M | -6.6M | -7.5M | -6.7M | -6.8M | -6.8M | -6.9M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | 362K | 191K | 188K | 325K | 268K | 410K | 255K | 318K | 195K | 177K | 37K | 504K |
| Pretax income | -6.8M | -6M | -6M | -5.4M | -6M | -6M | -6.3M | -7.1M | -6.5M | -6.6M | -6.8M | -6.4M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — |
| Net income | -6.8M | -6M | -6M | -5.4M | -6M | -6M | -6.3M | -7.1M | -6.5M | -6.6M | -6.8M | -6.4M |
| Net margin | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -7.1M | -6.1M | -6.1M | -5.6M | -6.2M | -6.4M | -6.5M | -7.4M | -6.6M | -6.7M | -6.7M | -6.7M |
| EPS | -0.13 | — | -0.12 | -0.1 | -0.11 | -0.11 | -0.11 | -0.12 | -0.11 | — | -0.08 | -0.07 |
| Diluted EPS | -0.13 | — | -0.12 | -0.1 | -0.11 | -0.11 | -0.11 | -0.12 | -0.11 | — | -0.08 | -0.07 |
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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Market cap | 185.6M | 161.8M | — | — | 63.8M | — | 112.8M |
| Enterprise value | 186M | 161.5M | — | — | 64.7M | — | 109.8M |
| Shares outstanding | 33.1M | 33.1M | 38.2M | 50.9M | 55M | 62.4M | 62.4M |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | -2.92 |
| P/B | 95.2 | 65.6 | — | — | 3.62 | — | 5.9 |
| EV/EBITDA | -20.9 | -12.4 | — | — | -2.67 | — | -4.09 |
| Earnings yield | — | — | — | — | — | — | -34.3% |
| FCF yield | -4.18% | -7.12% | — | — | -33.5% | — | -14.9% |
| PEG | — | — | — | — | — | — | 0.07 |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | — | 0% |
| Net margin | — | — | — | — | — | — | 0% |
| ROE | -475.8% | -518.2% | -31.3% | -123.6% | -133.4% | -169.2% | -220.4% |
| ROA | -177.9% | -234.2% | -27.2% | -56% | -56.5% | -67.5% | -48.5% |
| Return on tangible assets | -177.9% | -234.2% | -27.2% | -56% | -56.5% | -67.5% | -63.2% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Current ratio | 1.11 | 1.18 | 6.97 | 4.03 | 3.41 | 2.71 | 3.25 |
| Quick ratio | 1.11 | 1.18 | 6.97 | 4.03 | 3.41 | 2.71 | 3.25 |
| Debt / equity | 1.27 | 0.74 | 0.02 | 1 | 1.1 | 1.2 | 0.94 |
| Debt / assets | 0.47 | 0.33 | 0.02 | 0.45 | 0.46 | 0.48 | 0.43 |
| Net debt / EBITDA | -0.04 | 0.03 | 2.12 | -0 | -0.04 | -0.1 | 0.08 |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (basic) | -0.28 | -0.39 | -0.36 | -0.5 | -0.43 | -0.43 | -0.43 |
| EPS (diluted) | -0.28 | -0.39 | -0.36 | -0.5 | -0.43 | -0.43 | -0.36 |
| Book value per share | 0.06 | 0.07 | 1.16 | 0.41 | 0.32 | 0.25 | 0.21 |
| FCF per share | -0.23 | -0.35 | -0.5 | -0.48 | -0.39 | -0.41 | -0.3 |
| Cash per share | 0.06 | 0.07 | 1.18 | 0.41 | 0.33 | 0.26 | 0.22 |
| Capex per share | 0 | 0.02 | 0.01 | 0.02 | 0.01 | — | — |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Capex / operating cash flow | -1.95% | -5.04% | -1.62% | -3.84% | -2.62% | — | — |
| Payout ratio | — | — | — | — | — | — | 0% |
| — |
| $0 |
| — |
| FY20 | — | -$0.28 | — | — | $0 | — |
| 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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Cash & short-term investments | 2.1M | 2.2M | 45.1M | 20.7M | 18.4M | 16.2M |
| Receivables | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — |
| Total current assets | 2.4M | 2.5M | 47.5M | 23.1M | 20.4M | 17.9M |
| Property, plant & equipment | 2.6M | 2.8M | 2M | 21.3M | 19.6M | 20.1M |
| Goodwill & intangibles | — | — | — | — | — | — |
| Total assets | 5.2M | 5.5M | 51.1M | 45.8M | 41.6M | 39.4M |
| Accounts payable | 223K | 281K | 1.2M | 542K | 817K | 1M |
| Short-term debt | 1.4M | 910K | 955K | 1.4M | 1.3M | 1.8M |
| Total current liabilities | 2.2M | 2.1M | 6.8M | 5.7M | 6M | 6.6M |
| Long-term debt | 1.1M | 902K | 0 | 19.3M | 18M | 17.1M |
| Total liabilities | 3.3M | 3M | 6.8M | 25M | 24M | 23.7M |
| Shareholders' equity | 1.9M | 2.5M | 44.3M | 20.8M | 17.6M | 15.7M |
| Total debt | 2.5M | 1.8M | 955K | 20.7M | 19.3M | 18.9M |
| Net debt | 386K | -366K | -44.1M | 42K | 961K | 2.6M |
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 | 24.8M | 20.7M | 29.6M | 24.9M | 19.6M | 18.4M | 13M | 6.8M | 2.6M | 16.2M | 19.7M | 19.9M |
| Receivables | — | — | — | — | — | — | — | — | — | — | 12K | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 30.7M | 23.1M | 31.5M | 26.3M | 21.4M | 20.4M | 14.8M | 8.7M | 4.2M | 17.9M | 21.5M | 21.6M |
| Property, plant & equipment | 21.2M | 21.3M | 20.9M | 20.5M | 20M | 19.6M | 19.1M | 18.7M | 19.5M | 20.1M | 19.4M | 19M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 53.3M | 45.8M | 53.8M | 48.2M | 42.9M | 41.6M | 35.5M | 28.9M | 25M | 39.4M | 42.4M | 41.6M |
| Accounts payable | 1.9M | 542K | 570K | 645K | 815K | 817K | 1M | 1.8M | 1.4M | 1M | 1.5M | 1.2M |
| Short-term debt | 1.4M | 1.4M | 1.4M | 1.4M | 1.4M | 1.3M | 1.3M | 1.3M | 1.4M | 1.8M | 1.8M | 1.8M |
| Total current liabilities | 7.4M | 5.7M | 6.1M | 5.8M | 6.3M | 6M | 6.2M | 6.7M | 6.8M | 6.6M | 6.8M | 6.7M |
| Long-term debt | 19.7M | 19.3M | 18.9M | 18.6M | 18.3M | 18M | 17.6M | 17.3M | 16.9M | 17.1M | 16.5M | 16M |
| Total liabilities | 27.1M | 25M | 25.1M | 24.4M | 24.6M | 24M | 23.8M | 24M | 23.7M | 23.7M | 23.3M | 22.7M |
| Shareholders' equity | 26.2M | 20.8M | 28.7M | 23.8M | 18.3M | 17.6M | 11.6M | 4.9M | 1.3M | 15.7M | 19.1M | 19M |
| Total debt | 21.1M | 20.7M | 20.4M | 20M | 19.7M | 19.3M | 18.9M | 18.6M | 18.3M | 18.9M | 18.3M | 17.9M |
| Net debt | -3.8M | 42K | -9.3M | -4.9M | 33K | 961K | 5.9M | 11.8M | 15.7M | 2.6M | -1.5M | -2M |
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 | -9.3M | -12.8M | -13.9M | -25.7M | -23.5M | -26.6M |
| Depreciation & amortization | 354K | 345K | 381K | 357K | 400K | 424K |
| Stock-based compensation | 1M | 1.7M | 1.3M | 1.9M | 1.6M | 1.5M |
| Change in working capital | 57K | 27K | -1.7M | -602K | -5K | -623K |
| Operating cash flow | -7.7M | -11.4M | -20.9M | -23.1M | -21.2M | -24.3M |
| Capital expenditure | -150K | -572K | -338K | -887K | -556K | — |
| Investing cash flow | -150K | -572K | -338K | -887K | -556K | — |
| Dividends paid | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | -28K |
| Financing cash flow | 9.2M | 11.6M | 63.4M | 133K | 19.1M | 23.3M |
| Net change in cash | 1.3M | -312K | 42.2M | -23.9M | -2.7M | -1M |
| Free cash flow | -7.8M | -11.5M | -19.1M | -24.6M | -21.3M | -25.5M |
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 | -6.8M | -6M | -6M | -5.4M | -6M | -6M | -6.3M | -7.1M | -6.5M | -6.6M | -6.8M | -6.4M |
| Depreciation & amortization | 71K | 98K | 99K | 100K | 112K | 89K | 102K | 102K | 105K | 115K | 130K | 128K |
| Stock-based compensation | 511K | 460K | 353K | 383K | 472K | 402K | 350K | 391K | 276K | 467K | 312K | 313K |
| Change in working capital | 4K | -1.3M | 27K | 80K | 167K | -26K | 253K | 439K | -929K | -386K | 390K | -409K |
| Operating cash flow | -5.5M | -6.7M | -5.5M | -4.7M | -5.2M | -5.5M | -5.5M | -6.1M | -6.4M | -6.7M | -6.2M | -6M |
| Capital expenditure | -63K | -743K | -182K | -37K | -41K | -296K | -5K | — | — | — | — | — |
| Investing cash flow | -63K | -743K | -182K | -37K | -41K | -296K | -5K | — | — | — | — | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | 0 | — | — |
| Financing cash flow | 0 | — | 13.7M | 112K | 48K | 5M | -170K | 142K | 2.6M | 20.6M | 9.7M | 5.9M |
| Net change in cash | -5.6M | -7.5M | 8M | -4.6M | -5.2M | -851K | -5.7M | -5.9M | -3.8M | 13.9M | 3.5M | -96K |
| Free cash flow | -7.8M | -4.2M | -4.7M | -4.8M | -5.7M | -6.1M | -5.2M | -6.2M | -7.2M | -7M | -6.2M | -6.1M |