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 | — | -$0.39 | — | — | $0 | — |
| FY24 | — | -$0.53 | — | — | $0 | — |
| FY23 | — | -$0.45 | — | — | $0 | — |
| FY22 | — | $0.29 | — | — | $0 | — |
| FY21 | — | -$1.38 | — | — | $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 | 509.5K | 316.7K | 329.2K | 451.1K | 591K |
| Selling, general & administrative | 3.6M | 4.5M | 11.5M | 11.2M | 11.9M |
| Operating expenses | 4.1M | 4.8M | 11.8M | 11.7M | 12.5M |
| Operating income | -4.1M | -4.8M | -11.8M | -11.7M | -12.5M |
| Operating margin | — | — | — | — | — |
| Non-operating income, net | -8.8M | 7.6M | 1.7M | 1.2M | -1.5M |
| Pretax income | -12.9M | 2.7M | -10.3M | -10.5M | -14M |
| Income tax | — | 0 | 166.3K | 51.5K | 106K |
| Net income | -12.9M | 2.7M | -10.5M | -10.5M | -14.1M |
| Net margin | — | — | — | — | — |
| EBITDA | 4.9M | -4.6M | -11M | -10.1M | -8.2M |
| EPS | -1.38 | 0.29 | -0.45 | -0.53 | -0.39 |
| Diluted EPS | -1.38 | 0.29 | -0.45 | -0.53 | -0.39 |
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 | 78.3K | 82.4K | 85.8K | 173K | 91.3K | 100.9K | 183.3K | 145.2K | 128K | 134K | 181K | 165K |
| Selling, general & administrative | 2.5M | 2.3M | 2.8M | 3M | 2.7M | 2.7M | 3M | 3.1M | 2.8M | 3.1M | 2.7M | 2.4M |
| Operating expenses | 2.6M | 2.4M | 2.9M | 3.2M | 2.8M | 2.8M | 3.2M | 3.2M | 2.9M | 3.2M | 2.9M | 2.5M |
| Operating income | -2.6M | -2.4M | -2.9M | -3.2M | -2.8M | -2.8M | -3.2M | -3.2M | -2.9M | -3.2M | -2.9M | -2.5M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | 144K | 208.2K | 346.1K | 316.2K | 291.4K | 239.6K | 530.2K | 665.4K | 650K | -3.4M | 507K | 478K |
| Pretax income | -2.5M | -2.2M | -2.5M | -2.8M | -2.5M | -2.6M | -2.7M | -2.6M | -2.2M | -6.6M | -2.3M | -2M |
| Income tax | 119.2K | 47.1K | 0 | -13.9K | 0 | 65.3K | 53K | -28.2K | 104K | -23K | 46K | -106K |
| Net income | -2.6M | -2.2M | -2.5M | -2.8M | -2.5M | -2.7M | -2.7M | -2.5M | -2.3M | -6.6M | -2.4M | -1.9M |
| Net margin | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -2.3M | -2M | -2.5M | -2.8M | -2.4M | -2.5M | -3.1M | -3.1M | -2.8M | -3.1M | -2.8M | -2.4M |
| EPS | -0.13 | — | -0.13 | -0.14 | -0.12 | -0.14 | -0.08 | -0.07 | -0.06 | -0.17 | -0.05 | -0.04 |
| Diluted EPS | -0.13 | — | -0.13 | -0.14 | -0.12 | -0.14 | -0.08 | -0.07 | -0.06 | -0.17 | -0.05 | -0.04 |
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 | — | — | — | — | — | — | 50.8M |
| Enterprise value | — | — | — | — | — | — | -5.4M |
| Shares outstanding | — | 9.4M | 9.4M | 6.1M | 6.3M | 17.8M | 17.8M |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | 15.1 |
| P/B | — | — | — | — | — | — | 0.75 |
| EV/EBITDA | — | — | — | — | — | — | 0.47 |
| Earnings yield | — | — | — | — | — | — | 6.63% |
| FCF yield | — | — | — | — | — | — | -20.5% |
| PEG | — | — | — | — | — | — | -0.35 |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | — | 0% |
| Net margin | — | — | — | — | — | — | 0% |
| ROE | — | 190.5% | 246.5% | -36.4% | -50.8% | -24.3% | -21.9% |
| ROA | — | -510.1% | 42.8% | -32.9% | -44.6% | -23.5% | -11.4% |
| ROIC | — | — | -496% | -1.2K% | -622.8% | -1.1K% | -695.5% |
| Return on tangible assets | — | 981.7% | 108.5% | -37.4% | -53.3% | -25.1% | -25% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Current ratio | — | 0.36 | 0.99 | 11.9 | 7.18 | 27.6 | 26.2 |
| Quick ratio | — | 0.36 | 0.99 | 11.9 | 7.18 | 27.6 | 26.2 |
| Debt / equity | — | -0.05 | 0.3 | 0.03 | 0.01 | 0 | 0.01 |
| Debt / assets | — | 0.12 | 0.05 | 0.03 | 0.01 | 0 | 0.01 |
| Net debt / EBITDA | — | 0.05 | 0.03 | 2.54 | 1.85 | 6.94 | 4.79 |
| Interest coverage | — | — | — | -42.7 | — | — | — |
| Effective tax rate | — | — | 0% | 0% | 0% | 0% | 0% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Revenue per share | — | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (basic) | — | -1.38 | 0.29 | -0.45 | -0.53 | -0.39 | -0.39 |
| EPS (diluted) | — | -1.38 | 0.29 | -0.45 | -0.53 | -0.39 | -0.34 |
| Book value per share | — | -0.73 | 0.12 | 4.69 | 3.29 | 3.26 | 1.55 |
| FCF per share | — | -0.28 | -0.35 | -1.49 | -1.82 | -0.93 | -0.57 |
| Cash per share | — | 0.01 | 0.05 | 4.69 | 3.03 | 3.21 | 2.84 |
| Capex per share | — | 0 | 0 | 0.01 | 0.41 | — | — |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Capex / operating cash flow | — | -0.09% | -0.13% | -0.67% | -28.4% | — | — |
| 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% | 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 | 1.1M | 87.6K | 463.5K | 28.8M | 19M | 57.2M |
| Receivables | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — |
| Total current assets | 1.1M | 141.4K | 3.8M | 29.3M | 20.2M | 57.9M |
| Property, plant & equipment | 72.8K | 362.1K | 330.6K | 587.3K | 1.3M | 235K |
| Goodwill & intangibles | 3.9M | 3.9M | 3.9M | 3.9M | 3.9M | 3.9M |
| Total assets | 3.3M | 2.5M | 6.4M | 31.9M | 23.6M | 60.2M |
| Accounts payable | 33.7K | 59.4K | 2.9M | 184.3K | 734.4K | 985K |
| Short-term debt | 45K | 232.8K | 249.1K | 297.4K | 153.9K | 174K |
| Total current liabilities | 382.4K | 390.6K | 3.9M | 2.5M | 2.8M | 2.1M |
| Long-term debt | — | 79.5K | 85.2K | 641.8K | 78.2K | 12K |
| Total liabilities | 422.4K | 9.3M | 5.3M | 3.1M | 2.9M | 2.1M |
| Shareholders' equity | 2.8M | -6.8M | 1.1M | 28.8M | 20.7M | 58.1M |
| Total debt | 45K | 312.3K | 334.3K | 939.2K | 232.2K | 186K |
| Net debt | -1M | 224.6K | -129.1K | -27.8M | -18.8M | -57M |
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 | 31.2M | 28.8M | 25.9M | 23.2M | 21.7M | 19M | 65.3M | 62.1M | 59.4M | 57.2M | 54.3M | 53.5M |
| Receivables | — | — | — | 644.2K | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 32.1M | 29.3M | 27.4M | 25M | 22.8M | 20.2M | 67.2M | 64M | 61.5M | 57.9M | 55.3M | 54.3M |
| Property, plant & equipment | 282.1K | 587.3K | 521.7K | 782.7K | 1M | 1.3M | 2M | 2.7M | 3.6M | 235K | 496K | 392K |
| Goodwill & intangibles | 3.9M | 3.9M | 3.9M | 3.9M | 3.9M | 3.9M | 3.9M | 3.9M | 3.9M | 3.9M | 3.9M | 3.9M |
| Total assets | 34.6M | 31.9M | 30.1M | 27.8M | 25.9M | 23.6M | 71.3M | 68.7M | 67.2M | 60.2M | 57.9M | 56.8M |
| Accounts payable | 475.1K | 184.3K | 367K | 212K | 1.1M | 734.4K | 2.2M | 1.8M | 2.2M | 985K | 284K | 443K |
| Short-term debt | 664.7K | 297.4K | 326.4K | 287.3K | 221.2K | 153.9K | 372.3K | 328.2K | 252K | 174K | 429K | 359K |
| Total current liabilities | 3.8M | 2.5M | 3M | 3.3M | 3.5M | 2.8M | 3.5M | 2.9M | 3.1M | 2.1M | 1.5M | 2.1M |
| Long-term debt | — | 641.8K | 147.5K | 109K | 93.9K | 78.2K | 89.4K | 45.7K | 29K | 12K | 32K | — |
| Total liabilities | 3.8M | 3.1M | 3.1M | 3.5M | 3.6M | 2.9M | 3.5M | 3M | 3.1M | 2.1M | 1.6M | 2.1M |
| Shareholders' equity | 30.7M | 28.8M | 27M | 24.4M | 22.3M | 20.7M | 67.7M | 65.7M | 64M | 58.1M | 56.3M | 54.7M |
| Total debt | 664.7K | 939.2K | 473.9K | 396.3K | 315.1K | 232.2K | 461.6K | 373.9K | 281K | 186K | 461K | 359K |
| Net debt | -30.5M | -27.8M | -25.5M | -22.8M | -21.4M | -18.8M | -64.8M | -61.7M | -59.2M | -57M | -53.8M | -53.1M |
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 | -12.9M | 2.7M | -10.5M | -10.5M | -14.1M |
| Depreciation & amortization | 249.2K | 247.9K | 416.9K | 322.1K | 368K |
| Stock-based compensation | 1.3M | 1.4M | 2.9M | 1.4M | 2.2M |
| Change in working capital | -203.6K | -237.7K | -401.1K | -150.3K | -545K |
| Operating cash flow | -2.8M | -3.4M | -8.7M | -9M | -8.9M |
| Capital expenditure | -2.6K | -4.4K | -58.6K | -2.5M | — |
| Investing cash flow | -290.1K | -4.4K | -58.6K | -854.9K | 5.3M |
| Dividends paid | — | — | — | — | — |
| Share repurchases | — | 0 | -3.8M | 0 | — |
| Financing cash flow | 1.9M | 3.6M | 37.1M | 0 | 49.4M |
| Net change in cash | -1.1M | 180K | 28.4M | -9.8M | 45.9M |
| Free cash flow | -2.6M | -3.3M | -9.2M | -11.4M | -16.6M |
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 | 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 | -2.6M | -2.2M | -2.5M | -2.8M | -2.5M | -2.7M | -2.7M | -2.5M | -2.3M | -6.6M | -2.4M | -1.9M |
| Depreciation & amortization | 103.3K | 198.3K | 74K | 79.7K | 83.5K | 84.9K | 89.5K | 91.4K | 92K | 95K | 103K | 104K |
| Stock-based compensation | 276.9K | 277.6K | 248.7K | 262.6K | 401.1K | 441.5K | 416.6K | 494.5K | 631K | 642K | 597K | 486K |
| Change in working capital | -386.8K | -464.4K | 191.1K | -266.3K | 567.3K | -646K | -54.1K | -519.8K | -126K | 147K | -338K | 12K |
| Operating cash flow | -2.6M | -2.2M | -2M | -2.8M | -1.4M | -2.8M | -2.3M | -2.2M | -1.7M | -1.3M | -2.6M | -826K |
| Capital expenditure | -2.7K | -55.9K | -8.3K | -544K | -892.9K | -1.1M | -473.4K | — | — | — | — | — |
| Investing cash flow | -2.7K | -55.9K | -8.3K | -544K | -892.9K | -404.2K | -11.9K | 1M | 1.5M | 2.3M | 141K | 0 |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | -20.4K | 3.8M | 0 | 0 | 0 | 0 | 50M | -503.9K | 0 | 0 | 0 | 0 |
| Net change in cash | -2.6M | 1.5M | -2M | -3.3M | -2.3M | -3.2M | 47.7M | -1.7M | -177K | 1M | -2.5M | -826K |
| Free cash flow | -2M | -2.4M | -2.8M | -2.7M | -2.5M | -3.3M | -4.2M | -3.7M | -4.1M | -4.6M | -3.1M | -827K |