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 | -$0.18 | -$0.16 | +11.1% | — | $0 | — |
| Q1 26 | -$0.14 | -$0.08 | +42.9% | — | $0 | — |
| Q4 25 | -$0.17 | -$0.15 | +11.8% | — | $38K | — |
| Q3 25 | -$0.08 | -$0.02 | +75.0% | — | $0 | — |
| Q2 25 | -$0.13 | -$0.24 | -84.6% | — | $0 | — |
| Q1 25 | -$0.11 | -$0.09 | +18.2% | — | $0 | — |
| Q4 24 | -$0.01 | -$0.01 | 0.0% | — | $168K | — |
| Q3 22 | — | -$0.01 | — | — | $0 | — |
| Q2 22 | — | -$0.01 | — | — | $0 | — |
| Q1 22 | — | -$0.02 | — | — | $26K | — |
| Q4 21 | — | -$0.08 | — | — | $1.3K | — |
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 | — | -$0.64 | — | — | $38K | — |
| FY24 | — | -$0.32 | — | — | $168K | — |
| FY23 | — | -$0.32 | — | — | $306K | — |
| FY22 | — | -$0.56 | — | — | $26K | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $31K | $26K | $306K | $168K | $38K |
| YoY change | — | 0% | 0% | 0% | +InfinityT% | -16.1% | +1.1K% | -45.1% | -77.4% |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 31K | 26K | 306K | 168K | 38K |
| Cost of revenue | 439.8K | 319.7K | 0 | 0 | 27K | 22K | 59K | 42K | 16K |
| Gross profit | -417.1K | -319.7K | 0 | 0 | 4K | 4K | 247K | 126K | 22K |
| Gross margin | — | — | — | — | 12.9% | 15.4% | 80.7% | 75% | 57.9% |
| Research & development | — | — | 163K | 34.2K | 670K | 898K | 519K | 536K | 733K |
| Selling, general & administrative | 631.5K | 653.4K | 195K | 127.1K | 2.3M | 2.6M | 2.1M | 2M | 2.3M |
| Operating expenses | 649.8K | 727.8K | 341.4K | 160.4K | 2.9M | 3.5M | 2.6M | 2.3M | 2.9M |
| Operating income | -1.1M | -996.4K | -181.9K | -170K | -3.1M | -3.6M | -2.4M | -2.3M | -3M |
| Operating margin | — | — | — | — | -9.9K% | -13.8K% | -782.4% | -1.3K% | -8K% |
| Non-operating income, net | — | — | -50.1K | — | 782K | 742K | 178K | -222K | -892K |
| Pretax income | -1.2M | -952.5K | -189.7K | -184.1K | -2.3M | -2.9M | -1.9M | -2.1M | -3.7M |
| Income tax | — | — | 0 | 93 | 0 | 0 | — | — | — |
| Net income | -105.5K | -84.9K | -189.7K | -184.2K | -2.3M | -2.9M | -1.9M | -2.1M | -3.7M |
| Net margin | — | — | — | — | -7.6K% | -11.2K% | -609.8% | -1.3K% | -9.8K% |
| EBITDA | -95.7K | -82.8K | -183.5K | -167.5K | -2.8M | -3.4M | -1.8M | -1.8M | -2.6M |
| EPS | -0.21 | -0.19 | -0.48 | -0.35 | -0.48 | -0.56 | -0.32 | -0.32 | -0.64 |
| Diluted EPS | -0.21 | -0.19 | -0.48 | -0.35 | -0.48 | -0.56 | -0.32 | -0.32 | -0.64 |
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 | 27K | 279K | 0 | 0 | 0 | 168K | 0 | 0 | 0 | 38K | 0 | 0 |
| Cost of revenue | 19K | 40K | — | — | 0 | 42K | — | — | — | — | — | — |
| Gross profit | 8K | 239K | — | — | 0 | 126K | — | — | — | — | — | — |
| Gross margin | 29.6% | 85.7% | — | — | — | 75% | — | — | — | — | — | — |
| Research & development | 60K | 136K | 177K | 143K | 114K | 102K | 181K | 218K | 192K | 142K | 140K | 78K |
| Selling, general & administrative | 432K | 585K | 473K | 558K | 496K | 445K | 616K | 596K | 692K | 429K | 570K | 677K |
| Operating expenses | 487K | 718K | 646K | 673K | 606K | 358K | 743K | 806K | 868K | 488K | 658K | 743K |
| Operating income | -479K | -554K | -646K | -673K | -606K | -334K | -743K | -806K | -868K | -620K | -658K | -743K |
| Operating margin | -1.8K% | -198.6% | — | — | — | -198.8% | — | — | — | -1.6K% | — | — |
| Non-operating income, net | -4K | 192K | -13K | -17K | -11K | -181K | -22K | -17K | -20K | -833K | -24K | -26K |
| Pretax income | -193K | -814K | -527K | -491K | -554K | -536K | -505K | -1.4M | -996K | -836K | -695K | -977K |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — |
| Net income | -193K | -814K | -527K | -491K | -554K | -536K | -505K | -1.4M | -996K | -836K | -695K | -977K |
| Net margin | -714.8% | -291.8% | — | — | — | -319% | — | — | — | -2.2K% | — | — |
| EBITDA | -178K | -810K | -512K | -479K | -541K | -525K | -486K | -776K | -802K | -1.4M | -652K | -746K |
| EPS | -0.03 | — | -0.08 | -0.08 | -0.1 | — | -0.08 | -0.24 | -0.16 | — | -0.08 | -0.16 |
| Diluted EPS | -0.03 | — | -0.08 | -0.08 | -0.1 | — | -0.08 | -0.24 | -0.16 | — | -0.08 | -0.16 |
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 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| Market cap | — | — | — | — | — | — | 6.9M | 61.2M | 34.1M | 34.1M |
| Enterprise value | — | — | — | — | — | — | -300.8K | 53.4M | 29.4M | 29.4M |
| Shares outstanding | 4.6M | 4.6M | 4M | 5.5M | 5M | 5.5M | 5.5M | 5.6M | 5.8M | 5.8M |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| P/S | — | — | — | — | — | — | 22.5 | 364.2 | 897.4 | 897.4 |
| P/B | — | — | — | — | — | — | 0.88 | 7.37 | 6.22 | 6.22 |
| EV/EBITDA | — | — | — | — | — | — | 0.16 | -30 | -11.2 | -11.2 |
| EV/Sales | — | — | — | — | — | — | -0.98 | 318.1 | 774.2 | 774.2 |
| FCF yield | — | — | — | — | — | — | -37.9% | -3.02% | -10.5% | -10.5% |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin | — | — | — | — | 12.9% | 15.4% | 80.7% | 75% | 57.9% | 57.9% |
| Operating margin | — | — | — | — | -9.9K% | -13.8K% | -782.4% | -1.3K% | -8K% | -8K% |
| Net margin | — | — | — | — | -7.6K% | -11.2K% | -609.8% | -1.3K% | -9.8K% | -9.8K% |
| ROE | 1.3K% | 737.1% | -17.9% | -18.2% | -15.9% | -29.4% | -23.9% | -25.4% | -67.9% | -67.9% |
| ROA | -6.12% | -5.38% | -15% | -15.5% | -14.1% | -24.3% | -18.6% | -19.7% | -45.8% | -45.8% |
| ROIC | — | — | -3.3K% | -123.2% | -208.2% | -440.5% | — | — | — | — |
| Return on tangible assets | -6.12% | -5.38% | -15% | -15.5% | -14.1% | -24.3% | -18.6% | -19.7% | -45.8% | -45.8% |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 7.2 | 4.05 | 13.5 | 18.8 | 16.7 | 5.66 | 4.11 | 4.22 | 2.49 | 2.49 |
| Quick ratio | 7.2 | 4.05 | 13.5 | 18.8 | 16.7 | 5.66 | 4.11 | 4.22 | 2.49 | 2.49 |
| Debt / equity | -157 | 0 | 0.13 | 0.13 | 0.09 | 0.13 | 0.15 | 0.16 | 0.24 | 0.24 |
| Debt / assets | 0.74 | 0 | 0.11 | 0.11 | 0.08 | 0.1 | 0.12 | 0.13 | 0.16 | 0.16 |
| Net debt / EBITDA | -6.12 | 3.62 | 5.74 | 5.2 | 4.67 | 2.66 | 3.89 | 4.36 | 1.79 | 1.79 |
| Interest coverage | -17.4 | -1K | -71.5 | -35.5 | -43.3 | -59.4 | -40.5 | -40.3 | -68 | -68 |
| Effective tax rate | — | — | 0% | 0% | 0% | 0% | — | — | — | — |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 0 | 0 | 0.01 | 0 | 0.06 | 0.03 | 0.01 | 0.01 |
| EPS (basic) | -0.21 | -0.19 | -0.48 | -0.35 | -0.48 | -0.56 | -0.32 | -0.32 | -0.64 | -0.64 |
| EPS (diluted) | -0.21 | -0.19 | -0.48 | -0.35 | -0.48 | -0.56 | -0.32 | -0.32 | -0.64 | -0.64 |
| Book value per share | -0 | -0 | 0.27 | 0.18 | 2.96 | 1.78 | 1.41 | 1.49 | 0.94 | 0.94 |
| FCF per share | -0.27 | -0.22 | -0.03 | -0.04 | -0.51 | -0.44 | -0.47 | -0.33 | -0.61 | -0.61 |
| Cash per share | 0.15 | 0.07 | 0.3 | 0.18 | 2.94 | 1.86 | 1.51 | 1.64 | 1.03 | 1.03 |
| Capex per share | — | 0.02 | 0 | 0 | 0 | 0 | 0 | 0.01 | — | — |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| Capex / revenue | — | — | — | — | 41.9% | 11.5% | 1.96% | 19.6% | — | — |
| Capex / operating cash flow | — | -100.9% | -10.6% | -11.9% | -0.5% | -0.12% | -0.24% | -1.73% | — | — |
| Payout ratio | — | — | — | — | 0% | 0% | 0% | 0% | 0% | 0% |
| Dividend yield | — | — | — | — | — | — | 0% | 0% | 0% | 0% |
| FY21 |
| — |
| -$0.48 |
| — |
| — |
| $31K |
| — |
| FY20 | — | -$0.35 | — | — | $0 | — |
| FY19 | — | -$0.48 | — | — | $0 | — |
| FY18 | — | -$0.19 | — | — | $0 | — |
| FY17 | — | -$0.21 | — | — | $0 | — |
| 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 | $27K | $279K | $0 | $0 | $0 | $168K | $0 | $0 | $0 | $38K | $0 | $0 |
| YoY change | +InfinityT% | +InfinityT% | 0% | 0% | -100% | -39.8% | 0% | 0% | 0% | -77.4% | 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 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 681.5K | 299.6K | 1.2M | 1M | 14.6M | 10.3M | 8.4M | 9.1M | 6M |
| Receivables | — | — | — | — | — | 0 | 202K | 33K | 9K |
| Inventory | — | — | — | — | — | — | — | — | — |
| Total current assets | 562.5K | 431.8K | 1.1M | 1M | 15.1M | 10.5M | 8.8M | 9.4M | 6.5M |
| Property, plant & equipment | 2M | 2.1M | 1.4M | 3.2M | 1.3M | 888K | 726K | 756K | 1.1M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — |
| Total assets | 1.7M | 1.6M | 1.3M | 1.2M | 16.6M | 11.9M | 10M | 10.7M | 8.1M |
| Accounts payable | 47.5K | 11.3K | 48.4K | 4K | 46K | 75K | 50K | 70K | 130K |
| Short-term debt | — | 0 | 10.1K | 9K | 347K | 1.1M | 1.1M | 1.2M | 1.3M |
| Total current liabilities | 78.1K | 106.6K | 83K | 54.7K | 903K | 1.9M | 2.1M | 2.2M | 2.6M |
| Long-term debt | 1.3M | 0 | 122.9K | 123.3K | 1M | 184K | 78K | 143K | 24K |
| Total liabilities | 1.8M | 1.7M | 206K | 178K | 1.9M | 2M | 2.2M | 2.4M | 2.6M |
| Shareholders' equity | -8.1K | -11.5K | 1.1M | 1M | 14.7M | 9.9M | 7.8M | 8.3M | 5.5M |
| Total debt | 1.3M | 0 | 133.1K | 132.3K | 1.4M | 1.2M | 1.2M | 1.3M | 1.3M |
| Net debt | 852.2K | -269.7K | -957.2K | -871.3K | -13.3M | -4.1M | -3.1M | -6.5M | -4.7M |
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 | 8.8M | 8.4M | 7.7M | 7.4M | 7M | 9.1M | 8.6M | 7.7M | 6.6M | 6M | 5M | 8.2M |
| Receivables | — | 202K | 20K | 14K | 0 | 33K | 34K | 0 | 0 | 9K | 132K | 4K |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 9.1M | 8.8M | 8.1M | 7.6M | 7.2M | 9.4M | 9M | 8.1M | 7M | 6.5M | 5.6M | 8.7M |
| Property, plant & equipment | 747K | 726K | 687K | 634K | 626K | 756K | 773K | 789K | 1.1M | 1.1M | 994K | 932K |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 10.3M | 10M | 9.3M | 8.7M | 8.3M | 10.7M | 10.2M | 9.4M | 8.6M | 8.1M | 7.2M | 10.1M |
| Accounts payable | 87K | 50K | 54K | 66K | 166K | 70K | 105K | 124K | 63K | 130K | 69K | 95K |
| Short-term debt | 1.1M | 1.1M | 1.1M | 1.1M | 1.1M | 1.2M | 1.2M | 1.3M | 1.3M | 1.3M | 1.3M | 1.3M |
| Total current liabilities | 2.1M | 2.1M | 2.2M | 2.2M | 2.2M | 2.2M | 2.4M | 2.4M | 2.5M | 2.6M | 2.3M | 2.5M |
| Long-term debt | 82K | 78K | 74K | 45K | 53K | 143K | 137K | 73K | 47K | 24K | 11K | — |
| Total liabilities | 2.2M | 2.2M | 2.3M | 2.2M | 2.2M | 2.4M | 2.5M | 2.5M | 2.5M | 2.6M | 2.3M | 2.5M |
| Shareholders' equity | 8.1M | 7.8M | 7M | 6.5M | 6M | 8.3M | 7.7M | 6.9M | 6.1M | 5.5M | 4.8M | 7.7M |
| Total debt | 1.2M | 1.2M | 1.2M | 1.2M | 1.2M | 1.3M | 1.4M | 1.4M | 1.4M | 1.3M | 1.3M | 1.3M |
| Net debt | -2.5M | -3.1M | -6.6M | -6.3M | -5.8M | -6.5M | -5.9M | -5.1M | -3.9M | -4.7M | -3.7M | -6.9M |
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 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|
| Net income | -105.5K | -84.9K | -189.7K | -184.2K | -2.3M | -2.9M | -1.9M | -2.1M | -3.7M |
| Depreciation & amortization | 2.1K | 2.1K | 3.6K | 11.5K | 248K | 209K | 170K | 134K | 254K |
| Stock-based compensation | — | — | — | — | — | — | — | — | — |
| Change in working capital | 704 | 742 | 38.5K | 28K | -241K | -40K | -458K | 143K | 10K |
| Operating cash flow | -102.7K | -82.2K | -136.1K | -139.6K | -2.6M | -2.6M | -2.5M | -1.9M | -3M |
| Capital expenditure | — | -83K | -14.4K | -16.5K | -13K | -3K | -6K | -33K | — |
| Investing cash flow | -32.5K | -82.1K | -21.9K | -12.1K | -130K | -5.3M | 944K | 2.5M | 1.1M |
| Dividends paid | — | — | — | — | 0 | 0 | 0 | 0 | 0 |
| Share repurchases | — | — | — | — | — | — | — | -50K | -27K |
| Financing cash flow | 615.4K | 242.3K | 1.1M | -9K | 7.9M | -317K | -75K | 2.6M | -171K |
| Net change in cash | 480.2K | 78K | 958.9K | -160.7K | 5.1M | -8.2M | -1.6M | 3.2M | -2.1M |
| Free cash flow | -1.2M | -1M | -125.2K | -213.5K | -2.5M | -2.5M | -2.6M | -1.9M | -3.6M |
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 19 | Q4 19 | Q1 20 | Q2 20 | Q3 20 | Q4 20 | Q1 21 | Q2 21 | Q3 21 | Q4 21 | Q1 22 | Q2 22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -78.8K | -51.1K | -40.6K | -27.4K | -39.9K | -95.1K | -476K | -70.5K | -47.7K | -653.7K | -723K | -708K |
| Depreciation & amortization | 515 | 580 | 539 | 3K | 2.8K | 11.2K | 61K | 5.7K | 5.7K | 69.8K | 62K | 59K |
| Stock-based compensation | — | — | — | — | — | — | — | — | — | — | — | — |
| Change in working capital | -22.7K | 76.4K | -7.2K | 18.8K | -66K | — | -37K | -188K | — | — | 74K | 141K |
| Operating cash flow | -624.9K | 79.4K | -47.3K | -4.3K | -101.8K | -79.4K | -438K | -251.5K | -40.8K | -907.8K | -633K | -509K |
| Capital expenditure | — | — | — | -7.4K | -29.4K | — | -3K | 0 | -902 | -737 | -1K | 0 |
| Investing cash flow | -40.2K | -6.6K | -288 | -6.8K | -54.5K | 456 | -3K | 0 | -902 | -737 | -1K | -182K |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 1.1M | 98.4K | 0 | -24.5K | -23.9K | 0 | -25K | -2.3K | 705.7K | 361.8K | -26K | -25K |
| Net change in cash | 439.8K | 171.1K | -47.6K | -35.7K | -180.1K | -78.9K | -466K | -253.9K | 664K | -546.8K | -660K | -716K |
| Free cash flow | -88.7K | 54.4K | -43.2K | -52.4K | -57K | -86.6K | -509K | -71.9K | -20.1K | -1.1M | -552K | 40K |