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 | -$0.59 | -$0.33 | +44.1% | — | $18.7M | — |
| Q3 25 | -$0.42 | -$1.54 | -266.7% | — | $19.1M | — |
| Q2 25 | -$1.12 | -$2.24 | -100.0% | — | $8.1M | — |
| Q1 25 | $1.33 | -$2.52 | -289.5% | — | $2.9M | — |
| Q4 24 | -$3.08 | -$2.8 | +9.1% | — | $1.7M | — |
| Q3 24 | -$4.2 | -$3.1 | +26.2% | — | $2.3M | — |
| Q2 24 | -$4.71 | -$3.37 | +28.5% | — | $2.4M | — |
| Q1 24 | -$3.92 | -$8.68 | -121.4% | — | $0 | — |
| Q3 23 | -$0.81 | -$0.61 | +24.7% | — | $0 | — |
| Q2 23 | -$12.4 | -$9.8 | +20.8% | — | $0 | — |
| Q1 23 | -$12.7 | -$11.6 | +8.1% | — | $0 | — |
| Q4 22 | -$0.78 | -$0.82 | -5.1% | — | $0 | — |
| Q3 22 | -$12.4 | -$10.1 | +18.8% | — | $0 | — |
| Q2 22 | -$11.1 | -$12.6 | -13.4% | — | $0 | — |
| Q1 22 | -$14.6 | -$10.9 | +25.0% | — | $0 | — |
| Q4 21 | -$15.8 | -$13.7 | +13.1% | — | $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 | — | -$4.19 | — | — | $43.8M | — |
| FY24 | — | -$1.09 | — | — | $6.3M | — |
| FY23 | — | -$2.78 | — | — | — | — |
| FY22 | — | -$3.22 | — | — | $0 | — |
| FY21 | — | -$13.5 |
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 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | — | $6.3M | $43.8M |
| YoY change | — | 0% | 0% | 0% | — | — | +589.9% |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | Q2 23 | Q3 23 | Q1 24 | Q2 24 |
|---|
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 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | — | 6.3M | 43.8M |
| Cost of revenue | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — |
| Research & development | 14.3M | 43.9M | 51.2M | 59.2M | — | 41.2M | 56M |
| Selling, general & administrative | 4.8M | 10.7M | 23.9M | 29.9M | — | 24.8M | 29.7M |
| Operating expenses | 19M | 54.6M | 75M | 89.1M | — | 66M | 85.7M |
| Operating income | -19M | -54.6M | -75M | -89.1M | — | -59.6M | -42M |
| Operating margin | — | — | — | — | — | -940.2% | -95.9% |
| Non-operating income, net | 1.7M | -656K | -756K | 927K | — | 1.4M | 6.9M |
| Pretax income | -17.3M | -55.2M | -75.8M | -88.2M | — | -58.2M | -35M |
| Income tax | — | — | — | — | — | — | — |
| Net income | -17.3M | -55.2M | -75.8M | -88.2M | — | -58.2M | -35M |
| Net margin | — | — | — | — | — | -918% | -80.1% |
| EBITDA | -18.8M | -53.5M | -73.5M | -87.3M | — | -57.1M | -46.3M |
| EPS | -0.65 | -2.07 | -13.5 | -3.22 | -2.78 | -1.09 | -4.19 |
| Diluted EPS | -0.65 | -2.07 | -13.5 | -3.22 | -2.78 | -1.09 | -4.19 |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | Q2 23 | Q3 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 | 2.4M | 2.3M | 1.7M | 2.9M | 8.1M | 19.1M | 13.7M | 12.6M | 18.7M |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Research & development | 13.2M | 11.1M | 10.4M | 11.2M | 10.8M | 8.8M | 8.3M | 15.3M | 14.3M | 18.1M | 19.8M | 14.6M |
| Selling, general & administrative | 6.9M | 6.3M | 6.1M | 5.8M | 6.3M | 6.5M | 8.5M | 7.1M | 6.7M | 7.4M | 6.9M | 7.6M |
| Operating expenses | 20.1M | 17.4M | 16.5M | 17M | 17.1M | 15.4M | 16.8M | 22.4M | 21M | 25.5M | 26.8M | 22.2M |
| Operating income | -20.1M | -17.4M | -16.5M | -14.7M | -14.8M | -13.6M | -13.9M | -14.4M | -1.9M | -11.8M | -14.1M | -3.5M |
| Operating margin | — | — | — | -622.6% | -654.1% | -790.5% | -472.7% | -177.7% | -10.1% | -86.5% | -111.6% | -18.7% |
| Non-operating income, net | 761K | 613K | -664K | 749K | 783K | 536K | 586K | -1.5M | -14.4M | 22.2M | 4.6M | -2.9M |
| Pretax income | -19.4M | -16.7M | -17.2M | -13.9M | -14M | -13.1M | -13.3M | -15.8M | -16.3M | 10.4M | -9.5M | -6.4M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — |
| Net income | -19.4M | -16.7M | -17.2M | -13.9M | -14M | -13.1M | -13.3M | -15.8M | -16.3M | 10.4M | -9.5M | -6.4M |
| Net margin | — | — | — | -590.8% | -619.5% | -759.5% | -452.7% | -196% | -85.4% | 75.7% | -75.3% | -34.1% |
| EBITDA | -19.6M | -16.9M | -15.1M | -14.2M | -14.5M | -13.3M | -13.4M | -13.9M | 13.8M | -32.8M | -17.1M | 780K |
| EPS | -0.7 | -0.61 | -0.62 | -0.24 | -0.22 | -0.2 | -2.52 | -2.24 | -1.54 | 0.96 | -0.58 | -0.33 |
| Diluted EPS | -0.7 | -0.61 | -0.62 | -0.24 | -0.22 | -0.2 | -2.52 | -2.24 | -1.54 | 0.81 | -0.58 | -0.33 |
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 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Market cap | — | — | — | — | — | — | — | 59.6M |
| Enterprise value | — | — | — | — | — | — | — | -70.2M |
| Shares outstanding | 26.7M | 26.7M | 5.6M | 27.4M | 27.5M | 53.5M | 8.4M | 8.4M |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | -2.16 |
| P/S | — | — | — | — | — | — | — | 0.93 |
| P/B | — | — | — | — | — | — | — | 1.16 |
| EV/EBITDA | — | — | — | — | — | — | — | 2.34 |
| EV/Sales | — | — | — | — | — | — | — | -1.09 |
| Earnings yield | — | — | — | — | — | — | — | -46.3% |
| FCF yield | — | — | — | — | — | — | — | -63.1% |
| PEG | — | — | — | — | — | — | — | 0.03 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | -940.2% | -95.9% | -18.7% |
| Net margin | — | — | — | — | — | -918% | -80.1% | -34.1% |
| ROE | 58.6% | 66.3% | -40.9% | -83.5% | — | -331% | -99.3% | -55% |
| ROA | -27.6% | -152% | -34.8% | -63.4% | — | -81.9% | -22.6% | -13.6% |
| Return on tangible assets | -27.6% | -152% | -34.8% | -63.4% | — | -81.9% | -22.6% | -14.2% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Current ratio | 9.81 | 0.93 | 15.8 | 5.89 | — | 2.21 | 2.58 | 4.25 |
| Quick ratio | 9.81 | 0.93 | 15.8 | 5.89 | — | 2.21 | 2.58 | 4.25 |
| Debt / equity | -0.63 | -0.25 | 0.11 | 0.19 | — | 0.46 | 0.2 | 0.09 |
| Debt / assets | 0.3 | 0.58 | 0.09 | 0.14 | — | 0.11 | 0.04 | 0.04 |
| Net debt / EBITDA | 1.61 | -0.04 | 2.41 | 1.15 | — | 0.83 | 2.82 | 3.68 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 0 | 0 | — | 0.12 | 5.24 | 9.74 |
| EPS (basic) | -0.65 | -2.07 | -13.5 | -3.22 | -2.78 | -1.09 | -4.19 | -4.19 |
| EPS (diluted) | -0.65 | -2.07 | -13.5 | -3.22 | -2.78 | -1.09 | -4.19 | -0.32 |
| Book value per share | -1.11 | -3.12 | 33.1 | 3.86 | — | 0.33 | 4.22 | 7.79 |
| FCF per share | -0.7 | -1.44 | -14.6 | -2.83 | — | -0.34 | -0.66 | -3.16 |
| Cash per share | 1.83 | 0.72 | 35.3 | 4.39 | — | 1.03 | 16.5 | 20.7 |
| Capex per share | 0.03 | 0.08 | 0.2 | 0.07 | — | 0 | — | — |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Capex / revenue | — | — | — | — | — | 0.57% | — | — |
| Capex / operating cash flow | -4.61% | -4.38% | -1.52% | -2.4% | — | -0.22% | — | — |
| Payout ratio | — | — | — | — | — | — | — | 0% |
| — |
| — |
| $0 |
| — |
| FY20 | — | -$2.07 | — | — | $0 | — |
| FY19 | — | -$0.65 | — | — | $0 | — |
| Q3 24 |
|---|
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $0 | $0 | $0 | $2.4M | $2.3M | $1.7M | $2.9M | $8.1M | $19.1M | $13.7M | $12.6M | $18.7M |
| YoY change | 0% | 0% | 0% | +InfinityT% | +InfinityT% | — | +InfinityT% | +243% | +742.5% | +693.9% | +331.7% | +131.2% |
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 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Cash & short-term investments | 48.8M | 19.2M | 198.1M | 120.4M | 55.3M | 137.5M |
| Receivables | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — |
| Total current assets | 51.1M | 20.6M | 202.5M | 124.5M | 60.2M | 145M |
| Property, plant & equipment | 9.9M | 13.7M | 13.6M | 12.8M | 9.1M | 7.9M |
| Goodwill & intangibles | — | — | — | — | — | — |
| Total assets | 62.7M | 36.3M | 218.1M | 139.2M | 71.1M | 154.7M |
| Accounts payable | 2.5M | 5.4M | 3.1M | 3.1M | 2.6M | 3.2M |
| Short-term debt | — | 2.9M | 801K | 7.6M | 1.2M | 1.3M |
| Total current liabilities | 5.2M | 22.2M | 12.8M | 21.1M | 27.3M | 56.3M |
| Long-term debt | 18.6M | 18.3M | 19.7M | 12.4M | 7M | 5.6M |
| Total liabilities | 92.2M | 119.6M | 32.6M | 33.5M | 53.5M | 119.4M |
| Shareholders' equity | -29.5M | -83.3M | 185.4M | 105.6M | 17.6M | 35.3M |
| Total debt | 18.6M | 21.2M | 20.5M | 19.9M | 8.1M | 7M |
| Net debt | -30.2M | 2M | -177.5M | -100.4M | -47.1M | -130.6M |
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 | Q2 23 | Q3 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 | 75.4M | 59.8M | 34M | 74.9M | 61.3M | 55.3M | 89.1M | 121.6M | 103.8M | 137.5M | 150.3M | 136M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 78.4M | 64.5M | 69.2M | 78M | 63.3M | 60.2M | 93.2M | 123.7M | 124.1M | 145M | 154.2M | 145.5M |
| Property, plant & equipment | 12.2M | 11.6M | 10.5M | 10M | 9.6M | 9.1M | 8.7M | 8.3M | 7.8M | 7.9M | 7.5M | 7M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 92.4M | 77.8M | 82.6M | 89.9M | 74.7M | 71.1M | 103.7M | 133.8M | 133.7M | 154.7M | 163.5M | 154.3M |
| Accounts payable | 945K | 1.5M | 746K | 1.3M | 972K | 2.6M | 2.3M | 4.1M | 2.3M | 3.2M | 1.1M | 2.3M |
| Short-term debt | 8.1M | 6M | 1.1M | 1.1M | 1.2M | 1.2M | 1.2M | 1.3M | 1.3M | 1.3M | 1.4M | 1.4M |
| Total current liabilities | 16.3M | 16.9M | 31.6M | 38.6M | 38M | 27.3M | 47.6M | 53.3M | 56.4M | 56.3M | 43M | 34.2M |
| Long-term debt | 8.7M | 8.4M | 7.9M | 7.6M | 7.3M | 7M | 6.6M | 6.3M | 6M | 5.6M | 5.3M | 4.9M |
| Total liabilities | 25M | 25.3M | 56.8M | 56.5M | 53.7M | 53.5M | 93M | 126.7M | 141.8M | 119.4M | 90.9M | 82M |
| Shareholders' equity | 67.4M | 52.5M | 25.8M | 33.4M | 21M | 17.6M | 10.7M | 7.1M | -8.1M | 35.3M | 72.5M | 72.3M |
| Total debt | 16.8M | 14.4M | 8.9M | 8.7M | 8.4M | 8.1M | 7.9M | 7.6M | 7.3M | 7M | 6.6M | 6.3M |
| Net debt | -58.6M | -45.4M | -25M | -66.3M | -52.8M | -47.1M | -81.2M | -114M | -96.5M | -130.6M | -143.7M | -129.7M |
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 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Net income | -17.3M | -55.2M | -75.8M | -88.2M | -58.2M | -35M |
| Depreciation & amortization | 240K | 1.1M | 1.5M | 1.8M | 1.6M | 1.5M |
| Stock-based compensation | 112K | 1.3M | 5M | 8.4M | 6.4M | 6.9M |
| Change in working capital | 1.4M | 2.8M | -3M | 75K | 33.8M | 23M |
| Operating cash flow | -15.5M | -50M | -72.2M | -77.7M | -16.4M | -5M |
| Capital expenditure | -715K | -2.2M | -1.1M | -1.9M | -36K | — |
| Investing cash flow | -715K | -2.2M | -1.1M | -1.9M | -36K | — |
| Dividends paid | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — |
| Financing cash flow | 60M | 9.9M | 260.4M | -85K | 3.4M | 40.7M |
| Net change in cash | 43.8M | -42.3M | 187.1M | -79.6M | -13M | 35.7M |
| Free cash flow | -18.6M | -38.3M | -81.9M | -77.6M | -18.4M | -5.5M |
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 | Q2 23 | Q3 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -19.4M | -16.7M | -17.2M | -13.9M | -14M | -13.1M | -13.3M | -15.8M | -16.3M | 10.4M | -9.5M | -6.4M |
| Depreciation & amortization | 492K | 460K | 443K | 445K | 381K | 375K | 497K | 381K | 340K | 323K | 344K | 331K |
| Stock-based compensation | 1.8M | 1.9M | 1.8M | 1.5M | 1.6M | 1.5M | 1.5M | 1.4M | 1.1M | 2.9M | 2.2M | 1.6M |
| Change in working capital | -927K | 424K | 8.7M | -2M | -2.7M | -252K | 45.5M | -6M | -20.9M | 4.2M | -9.3M | -17.4M |
| Operating cash flow | -17.9M | -14M | -6.2M | -13.9M | -14.7M | -11.5M | 34.3M | -14.5M | -17.5M | -2M | -22.3M | -18.8M |
| Capital expenditure | -316K | 0 | 0 | -21K | -9K | -6K | -22K | — | — | — | — | — |
| Investing cash flow | -316K | 0 | 0 | -21K | -9K | -6K | -22K | — | — | — | — | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | -1.1M | -2.2M | 954K | 2.5M | -7K | 1K | 4.8M | 47.3M | -47.3M | 35.8M | -1.6M | 4.5M |
| Net change in cash | -19.4M | -16.2M | -5.3M | -11.5M | -14.8M | -11.5M | 39.1M | 32.8M | -64.8M | 33.8M | -23.9M | -14.3M |
| Free cash flow | -16.9M | -13.4M | -10.5M | 19.9M | -13.7M | -14.2M | 29M | -14.9M | -17.5M | -2.1M | -22.9M | -18.8M |