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 | — | -$0.16 | — | — | $222K | — |
| FY24 | — | -$1.88 | — | — | $141.8K | — |
| FY23 | — | -$0.44 | — | — | $9.1M | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY23 | FY24 | FY25 |
|---|---|---|---|
| Revenue | $9.1M | $141.8K | $222K |
| YoY change | — | -98.4% | +56.6% |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | Q4 23 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $31.8K | — | $50.7K | $33.5K | $14.3K | $72.9K | $144.9K | -$10.1K | $180.4K | $176.2K |
| YoY change | — | — | — | +5.43% | — | — | +185.9% | -130.1% | +1.2K% | +141.6% |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY23 | FY24 | FY25 |
|---|---|---|---|
| Revenue | 9.1M | 141.8K | 222K |
| Cost of revenue | 466.8K | 83.3K | 70K |
| Gross profit | 8.6M | 58.5K | 152K |
| Gross margin | 94.9% | 41.2% | 68.5% |
| Research & development | 693.4K | 1.4M | 328.4K |
| Selling, general & administrative | 17.5M | 27.5M | 18M |
| Operating expenses | 18.1M | 28.8M | 18.3M |
| Operating income | -10.4M | -27.8M | -17.6M |
| Operating margin | -114.2% | -19.6K% | -7.9K% |
| Non-operating income, net | 38.1K | -18M | 13.1M |
| Pretax income | -15.6M | -47.5M | -6.7M |
| Income tax | — | — | — |
| Net income | -15.6M | -47.5M | -6.7M |
| Net margin | -172.4% | -33.5K% | -3K% |
| EBITDA | -8.7M | -27.3M | -17.1M |
| EPS | -0.44 | -1.88 | -0.16 |
| Diluted EPS | -0.44 | -1.88 | -0.16 |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | Q4 23 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 31.8K | — | 50.7K | 33.5K | 14.3K | 72.9K | 144.9K | -10.1K | 180.4K | 176.2K |
| Cost of revenue | 419.6K | — | 15K | 25.6K | 12.3K | 4.6K | 53K | 11.8K | 22.7K | 38.8K |
| Gross profit | -387.9K | — | 35.7K | 7.9K | 1.9K | 68.3K | 91.9K | -21.9K | 157.8K | 137.4K |
| Gross margin | -1.2K% | — | 70.4% | 23.6% | 13.5% | 93.7% | 63.4% | 217.4% | 87.4% | 78% |
| Research & development | 16.8K | — | 356.8K | 220.4K | 215.6K | 53.4K | 0 | 163.5K | 148.6K | 94.2K |
| Selling, general & administrative | 4.7M | — | 2.1M | 13.9M | 5.5M | 4.8M | 4.5M | 3.1M | 4.8M | 6.9M |
| Operating expenses | 4.7M | — | 2.4M | 14.1M | 5.7M | 4.8M | 4.5M | 3.3M | 5M | 7M |
| Operating income | -5.1M | — | -1.2M | -14.2M | -5.7M | -4.9M | -3.4M | -3.5M | -5M | -7.1M |
| Operating margin | -16.2K% | — | -2.4K% | -42.3K% | -40.2K% | -6.7K% | -2.4K% | 35K% | -2.8K% | -4K% |
| Non-operating income, net | -189.2K | — | -31.7M | 13.7M | 11M | -2.1M | 5.3M | -1M | 1.2M | 3.7M |
| Pretax income | -6.2M | — | -33.3M | -927.1K | 4.3M | -7.4M | 1.4M | -4.9M | -4.7M | -4M |
| Income tax | — | — | — | — | — | — | — | — | — | — |
| Net income | -6.2M | — | -33.3M | -927.1K | 4.3M | -7.4M | 1.4M | -4.9M | -4.7M | -4M |
| Net margin | -19.6K% | — | -65.7K% | -2.8K% | 30.1K% | -10.2K% | 949% | 48.9K% | -2.6K% | -2.3K% |
| EBITDA | -5M | — | -1M | -14.3M | -5.6M | -4.8M | -3.2M | -3.5M | -4.7M | -6.4M |
| EPS | — | -0.2 | -1.49 | — | 0.12 | -0.19 | 0.03 | — | -0.09 | -0.08 |
| Diluted EPS | — | -0.2 | -1.49 | — | 0.12 | -0.19 | 0.03 | — | -0.09 | -0.08 |
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 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|
| Market cap | 386.5M | — | — | 8.9M |
| Enterprise value | 402.6M | — | — | 22.1M |
| Shares outstanding | 35.6M | 25.3M | 42.8M | 42.8M |
| Metric | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|
| P/E | — | — | — | 1.77 |
| P/S | 42.6 | — | — | 19.5 |
| P/B | -33.7 | — | — | 18.7 |
| EV/EBITDA | -46.2 | — | — | -1.19 |
| EV/Sales | 44.4 | — | — | 45 |
| Earnings yield | — | — | — | 56.6% |
| FCF yield | -3.31% | — | — | -178.4% |
| PEG | — | — | — | -0.03 |
| Metric | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|
| Gross margin | 94.9% | 41.2% | 68.5% | 78% |
| Operating margin | -114.2% | -19.6K% | -7.9K% | -4K% |
| Net margin | -172.4% | -33.5K% | -3K% | 68.5% |
| ROE | 136.4% | 279.3% | 68.3% | 68.3% |
| ROA | -56.9% | -225.9% | -23.6% | -40.6% |
| Return on tangible assets | -94% | -475.1% | -210.5% | -217.8% |
| Metric | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|
| Current ratio | 0.43 | 0.74 | 0.49 | 1.57 |
| Quick ratio | 0.2 | 0.37 | 0.19 | 0.66 |
| Debt / equity | -1.93 | -0.76 | -2.03 | 1.67 |
| Debt / assets | 0.81 | 0.61 | 0.7 | 0.45 |
| Net debt / EBITDA | -1.85 | -0.41 | -1.15 | -0.7 |
| Interest coverage | -1.94 | -25.3 | -2.02 | -4.46 |
| Metric | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|
| Revenue per share | 0.25 | 0.01 | 0.01 | 0.2 |
| EPS (basic) | -0.44 | -1.88 | -0.16 | -0.16 |
| EPS (diluted) | -0.44 | -1.88 | -0.16 | -5 |
| Book value per share | -0.32 | -0.67 | -0.23 | -0.09 |
| FCF per share | -0.36 | -1.02 | -0.36 | -0.37 |
| Cash per share | 0.17 | 0.07 | 0 | 0.28 |
| Capex per share | 0 | 0 | — | — |
| Metric | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|
| Capex / revenue | 0.39% | 32.6% | — | — |
| Capex / operating cash flow | -0.27% | -0.21% | — | — |
| Payout ratio | — | — | — | 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 | FY23 | FY24 | FY25 |
|---|---|---|---|
| Cash & short-term investments | 6M | 1.7M | 133.9K |
| Receivables | 52.8K | 84.7K | 139.8K |
| Inventory | 7.4M | 7.5M | 9.7M |
| Total current assets | 14M | 14.9M | 15.6M |
| Property, plant & equipment | 7.6M | 328K | 91.8K |
| Goodwill & intangibles | 10.9M | 11M | 25.1M |
| Total assets | 27.5M | 21M | 28.2M |
| Accounts payable | 1.1M | 1.3M | 4.1M |
| Short-term debt | 22M | 12.8M | 19.8M |
| Total current liabilities | 32.2M | 20.1M | 31.8M |
| Long-term debt | 119.4K | 97.3K | — |
| Total liabilities | 32.3M | 38.1M | 38M |
| Shareholders' equity | -11.5M | -17M | -9.8M |
| Total debt | 22.2M | 12.9M | 19.8M |
| Net debt | 16.2M | 11.2M | 19.6M |
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 | Q4 23 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 6M | 2.8M | 1.7M | 247.3K | 238K | 1.1M | 133.9K | 1.6M | 887K |
| Receivables | 52.8K | 84.7K | 84.7K | 82.1K | 48.2K | 147.4K | 139.8K | 261.8K | 370.4K |
| Inventory | 7.4M | 8M | 7.5M | 7.8M | 9.4M | 9.6M | 9.7M | 9.6M | 9.6M |
| Total current assets | 14M | 38.2M | 14.9M | 13.7M | 15.2M | 16.3M | 15.6M | 17.1M | 16.4M |
| Property, plant & equipment | 7.6M | 456.9K | 328K | 171.4K | 137.2K | 113.5K | 91.8K | 70.3K | 77.8K |
| Goodwill & intangibles | 10.9M | 11.7M | 11M | 11.6M | 25.9M | 25.5M | 25.1M | 24.7M | 24.5M |
| Total assets | 27.5M | 45M | 21M | 20M | 28.6M | 29.5M | 28.2M | 29.9M | 30.1M |
| Accounts payable | 1.1M | 1.6M | 1.3M | 3.9M | 4.1M | 3.6M | 4.1M | 3.1M | 2.3M |
| Short-term debt | 22M | 12.9M | 12.8M | 14M | 19.4M | 17.3M | 19.8M | 7.9M | 3.7M |
| Total current liabilities | 32.2M | 21M | 20.1M | 25.4M | 31.6M | 28.4M | 31.8M | 15.1M | 10.4M |
| Long-term debt | 119.4K | 339.5K | 97.3K | 813.7K | 438.7K | — | — | 4.6M | 9.8M |
| Total liabilities | 32.3M | 53M | 38.1M | 31.7M | 39.5M | 33.7M | 38M | 24.8M | 22M |
| Shareholders' equity | -11.5M | -8M | -17M | -11.7M | -10.9M | -4.3M | -9.8M | 5M | 8.1M |
| Total debt | 22.2M | 13.3M | 12.9M | 14.8M | 19.8M | 17.3M | 19.8M | 12.5M | 13.4M |
| Net debt | 16.2M | 10.4M | 11.2M | 14.6M | 19.6M | 16.2M | 19.6M | 10.9M | 12.6M |
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 | FY23 | FY24 | FY25 |
|---|---|---|---|
| Net income | -15.6M | -47.5M | -6.7M |
| Depreciation & amortization | 1.6M | 701.8K | 749.8K |
| Stock-based compensation | 484.6K | 6.7M | 1.6M |
| Change in working capital | -1.8M | -329.2K | 2.6M |
| Operating cash flow | -13.2M | -22.2M | -15.2M |
| Capital expenditure | -35K | -46.2K | — |
| Investing cash flow | -35K | -46.2K | — |
| Dividends paid | — | — | — |
| Share repurchases | — | — | — |
| Financing cash flow | 18.6M | 21.5M | 13.9M |
| Net change in cash | 5.4M | -735.6K | -1.3M |
| Free cash flow | -12.8M | -25.9M | -15.5M |
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 | Q4 23 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|
| Net income | -6.2M | -33.3M | -927.1K | 4.3M | -7.4M | 1.4M | -4.9M | -4.7M | -4M |
| Depreciation & amortization | 287.5K | 154.9K | 156.2K | 148.1K | 174K | 216.4K | 211.4K | 205K | 207.8K |
| Stock-based compensation | 79.8K | 59.5K | 6.3M | 75K | 572.9K | 319.2K | 587.4K | 294.9K | 905.5K |
| Change in working capital | -57.2K | -547.9K | -488.4K | 2.5M | 822.8K | -918.8K | 754.2K | -1.1M | -788.2K |
| Operating cash flow | -5M | -2.2M | -7.8M | -2.8M | -3.4M | -4.4M | -3.7M | -5.2M | -5.9M |
| Capital expenditure | -19.3K | -442 | -12.8K | 0 | — | — | — | — | — |
| Investing cash flow | -19.3K | -442 | -12.8K | 0 | — | — | — | -254K | 0 |
| Dividends paid | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 8.3M | 6.5M | 8.7M | 2.4M | 3.4M | 9.3M | 2M | -7.1M | 6.4M |
| Net change in cash | 3.3M | 4.3M | 889.2K | -441.6K | 6.9K | 4.9M | -1.8M | -12.5M | 441.8K |
| Free cash flow | -5.6M | -4.9M | -5.8M | -3.8M | -3.4M | -4.5M | -3.7M | -5.2M | -6M |