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 23 | -$0.12 | -$0.1 | +16.7% | — | $0 | — |
| Q2 23 | -$0.16 | -$0.11 | +31.3% | — | $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 % |
|---|---|---|---|---|---|---|
| FY23 | — | — | — | — | $0 | — |
| FY22 | — | -$0.6 | — | — | $0 | — |
| FY21 | — | -$1.79 | — | — | $66K | — |
| FY20 | — | -$0.32 | — | — | $557K | — |
| FY19 | — | -$0.11 | — | — | $0 | — |
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 |
|---|---|---|---|---|---|
| Revenue | $0 | $557K | $66K | $0 | $0 |
| YoY change | — | +InfinityT% | -88.2% | -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 22 | Q4 22 | Q1 23 | Q2 23 | Q3 23 | Q4 23 |
|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $0 |
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 |
|---|---|---|---|---|---|
| Revenue | 0 | 557K | 66K | 0 | 0 |
| Cost of revenue | 0 | 52K | 1.9M | 0 | — |
| Gross profit | 0 | 505K | -1.9M | 0 | — |
| Gross margin | — | 90.7% | -2.8K% | — | — |
| Research & development | 10.7M | 20.6M | 71.4M | 47.6M | 35.9M |
| Selling, general & administrative | 3M | 12.2M | 51.8M | 28.4M | 22.4M |
| Operating expenses | 13.7M | 32.8M | 123.2M | 76M | 58.3M |
| Operating income | -13.7M | -32.3M | -125.1M | -76M | -58.3M |
| Operating margin | — | -5.8K% | -189.5K% | — | — |
| Non-operating income, net | -67K | -6.5M | -11.3M | 12K | -43K |
| Pretax income | -14.2M | -40M | -137.2M | -75.2M | -56.9M |
| Income tax | 56K | 0 | 0 | 0 | — |
| Net income | -14.2M | -40M | -137.2M | -75.2M | -56.9M |
| Net margin | — | -7.2K% | -207.8K% | — | — |
| EBITDA | -13.6M | -31.6M | -124M | -73M | -54M |
| EPS | -0.11 | -0.32 | -1.79 | -0.6 | — |
| Diluted EPS | -0.11 | -0.32 | -1.79 | -0.6 | — |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | Q3 22 | Q4 22 | Q1 23 | Q2 23 | Q3 23 | Q4 23 |
|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | 0 | 0 | — | — | — | — |
| Gross profit | 0 | 0 | — | — | — | — |
| Gross margin | — | — | — | — | — | — |
| Research & development | 12.5M | 13M | 11.4M | 8.3M | 7.9M | 8.2M |
| Selling, general & administrative | 7.3M | 7.8M | 7.4M | 6.1M | 5.5M | 3.4M |
| Operating expenses | 19.8M | 20.8M | 18.8M | 14.4M | 13.4M | 11.7M |
| Operating income | -19.8M | -20.8M | -18.8M | -14.4M | -13.4M | -11.7M |
| Operating margin | — | — | — | — | — | — |
| Non-operating income, net | 25K | -16K | 12K | 18K | -36K | 7K |
| Pretax income | -19.3M | -20.5M | -18.4M | -14M | -13.1M | -11.4M |
| Income tax | — | — | — | — | — | — |
| Net income | -19.3M | -20.5M | -18.4M | -14M | -13.1M | -11.4M |
| Net margin | — | — | — | — | — | — |
| EBITDA | -18.8M | -19.6M | -17.7M | -13.3M | -12.3M | -10.8M |
| EPS | -0.15 | — | -0.15 | -0.11 | -0.1 | — |
| Diluted EPS | -0.15 | — | -0.15 | -0.11 | -0.1 | — |
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 |
|---|---|---|---|---|---|
| Cash & short-term investments | 476K | 31.1M | 144.9M | 86.8M | 30.4M |
| Receivables | 0 | 26K | 0 | — | — |
| Inventory | — | — | — | — | — |
| Total current assets | 1.4M | 35.7M | 154.3M | 93.9M | 33.2M |
| Property, plant & equipment | 481K | 13.1M | 14.2M | 15.7M | 11.1M |
| Goodwill & intangibles | — | — | — | — | — |
| Total assets | 1.6M | 50.1M | 166.7M | 106.4M | 44.3M |
| Accounts payable | 1.3M | 1M | 3.2M | 5.3M | 1.8M |
| Short-term debt | 13.2M | 27.6M | 376K | 1.5M | 1.9M |
| Total current liabilities | 19.9M | 39.4M | 27.5M | 30.9M | 17.6M |
| Long-term debt | 1.1M | 10.7M | 10.3M | 13M | 13.3M |
| Total liabilities | 50.1M | 137.5M | 38.1M | 44.2M | 30.9M |
| Shareholders' equity | -48.5M | -87.4M | 128.6M | 62.2M | 13.4M |
| Total debt | 14.3M | 38.3M | 10.7M | 14.5M | 15.2M |
| Net debt | 13.9M | 7.1M | -134.2M | -18.9M | 10.2M |
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 22 | Q4 22 | Q1 23 | Q2 23 | Q3 23 | Q4 23 |
|---|---|---|---|---|---|---|
| Cash & short-term investments | 99.1M | 86.8M | 67.6M | 55.8M | 42.5M | 30.4M |
| Receivables | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — |
| Total current assets | 108.1M | 93.9M | 73.4M | 59.7M | 46.4M | 33.2M |
| Property, plant & equipment | 12.8M | 15.7M | 12.1M | 11.7M | — | 11.1M |
| Goodwill & intangibles | — | — | — | — | — | — |
| Total assets | 123M | 106.4M | 85.5M | 71.4M | 57.5M | 44.3M |
| Accounts payable | 3.3M | 5.3M | 3M | 1.9M | 3M | 1.8M |
| Short-term debt | 387K | 1.5M | 1.3M | 1.4M | 1.3M | 1.9M |
| Total current liabilities | 32.4M | 30.9M | 26.5M | 23.8M | 21.6M | 17.6M |
| Long-term debt | 10M | 13M | 12.7M | 12.3M | 12M | 13.3M |
| Total liabilities | 42.7M | 44.2M | 39.4M | 36.4M | 33.8M | 30.9M |
| Shareholders' equity | 80.3M | 62.2M | 46.1M | 35M | 23.7M | 13.4M |
| Total debt | 10.4M | 14.5M | 14M | 13.7M | 13.3M | 15.2M |
| Net debt | -8.5M | -18.9M | -8.6M | -23.3M | -4.1M | 10.2M |
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 | Current |
|---|---|---|---|---|---|---|
| Market cap | — | — | — | — | — | 1.5M |
| Enterprise value | — | — | — | — | — | -14M |
| Shares outstanding | 124.8M | 124.8M | 76.6M | 125.9M | — | — |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | Current |
|---|---|---|---|---|---|---|
| P/B | — | — | — | — | — | 0.11 |
| EV/EBITDA | — | — | — | — | — | 0.25 |
| FCF yield | — | — | — | — | — | -2.5K% |
| PEG | — | — | — | — | — | -0.03 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | Current |
|---|---|---|---|---|---|---|
| Gross margin | — | 90.7% | -2.8K% | — | — | — |
| Operating margin | — | -5.8K% | -189.5K% | — | — | 0% |
| Net margin | — | -7.2K% | -207.8K% | — | — | 0% |
| ROE | 29.3% | 45.7% | -106.7% | -121% | -424.6% | -150.6% |
| ROA | -891.5% | -79.7% | -82.3% | -70.7% | -128.5% | -48.3% |
| ROIC | 39.4% | 40.2% | 2.2K% | 752.2% | — | — |
| Return on tangible assets | -891.5% | -79.7% | -82.3% | -70.7% | -128.5% | -128.5% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | Current |
|---|---|---|---|---|---|---|
| Current ratio | 0.07 | 0.91 | 5.61 | 3.03 | 1.89 | 1.89 |
| Quick ratio | 0.07 | 0.91 | 5.61 | 3.03 | 1.89 | 1.89 |
| Debt / equity | -0.3 | -0.44 | 0.08 | 0.23 | 1.13 | 1.13 |
| Debt / assets | 8.99 | 0.76 | 0.06 | 0.14 | 0.34 | 0.34 |
| Net debt / EBITDA | -1.02 | -0.23 | 1.08 | 0.99 | 0.28 | 0.28 |
| Interest coverage | -31.6 | -32.8 | -162.3 | -145.3 | -80.8 | -80.8 |
| Effective tax rate | 0% | 0% | 0% | 0% | — | — |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | Current |
|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 0 | 0 | — | — |
| EPS (basic) | -0.11 | -0.32 | -1.79 | -0.6 | — | — |
| EPS (diluted) | -0.11 | -0.32 | -1.79 | -0.6 | — | -5.27 |
| Book value per share | -0.39 | -0.7 | 1.68 | 0.49 | — | 0.11 |
| FCF per share | -0.1 | -0.28 | -1.07 | -0.46 | — | -0.29 |
| Cash per share | 0 | 0.25 | 1.89 | 0.69 | — | 0.24 |
| Capex per share | 0 | 0.01 | 0.02 | 0.01 | — | — |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | Current |
|---|---|---|---|---|---|---|
| Capex / revenue | — | 265.2% | 2K% | — | — | — |
| Capex / operating cash flow | 0% | -4.11% | -1.34% | -2.98% | -1.58% | -1.59% |
| Payout ratio | — | — | — | — | — | 0% |
| $0 |
| YoY change | — | — | — | — | 0% | 0% |
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 |
|---|---|---|---|---|---|
| Net income | -14.2M | -40M | -137.2M | -75.2M | -56.9M |
| Depreciation & amortization | 107K | 717K | 1.1M | 1.7M | 2.2M |
| Stock-based compensation | 1.2M | 1M | 30.4M | 8.7M | 7.5M |
| Change in working capital | -503K | -4.2M | 4.4M | 2.1M | -3.7M |
| Operating cash flow | -12.9M | -36M | -98M | -62.7M | -50.9M |
| Capital expenditure | 0 | -1.5M | -1.3M | -1.9M | -803K |
| Investing cash flow | 0 | -1.5M | -1.3M | -54.4M | 28.8M |
| Dividends paid | — | — | — | — | — |
| Share repurchases | 0 | -41K | — | — | — |
| Financing cash flow | 11.7M | 65.8M | 196M | -430K | -1.6M |
| Net change in cash | -1.2M | 28.3M | 96.6M | -117.5M | -23.6M |
| Free cash flow | -12.3M | -35.4M | -82.3M | -57.8M | -58M |
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 22 | Q4 22 | Q1 23 | Q2 23 | Q3 23 | Q4 23 |
|---|---|---|---|---|---|---|
| Net income | -19.3M | -20.5M | -18.4M | -14M | -13.1M | -11.4M |
| Depreciation & amortization | 419K | 540K | 586K | 526K | 666K | 456K |
| Stock-based compensation | 2.4M | 2.4M | 2.2M | 2.4M | 1.8M | 1.1M |
| Change in working capital | 3M | 2M | -2.4M | -1M | 1.1M | -1.2M |
| Operating cash flow | -13.5M | -15.6M | -18.4M | -11.6M | -9.6M | -11M |
| Capital expenditure | -322K | -292K | -172K | -90K | -127K | -414K |
| Investing cash flow | -80.3M | 27.2M | 8.7M | 26.6M | -6.1M | -407K |
| Dividends paid | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — |
| Financing cash flow | -107K | -110K | -578K | -268K | -435K | -314K |
| Net change in cash | -93.9M | 11.5M | -10.2M | 14.7M | -16.1M | -11.8M |
| Free cash flow | -11.7M | -14.8M | -20.2M | -12.2M | -13.3M | -12.3M |