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 % |
|---|---|---|---|---|---|---|
| Q1 26 | -$0.27 | -$1 | -270.4% | — | $27.7M | — |
| Q3 25 | -$0.32 | -$0.61 | -90.6% | — | $2.5M | — |
| Q2 25 | -$1.45 | -$2.93 | -102.1% | — | $600K | — |
| Q1 25 | -$2 | -$3.8 | -90.0% | — | $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 | — | -$4.24 | — | — | $22.5M | — |
| FY24 | — | -$21.9 | — | — | $3.2M | — |
| FY23 | — | -$76.4 | — | — | $4.6M | — |
| FY22 | — | -$3.4K | — | — | $6.1M | — |
| FY21 | — | -$30.7 | — | — | $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 | $6.1M | $4.6M | $3.2M | $22.5M |
| YoY change | — | +InfinityT% | -25.3% | -29.8% | +602.4% |
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 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 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 | 6.1M | 4.6M | 3.2M | 22.5M |
| Cost of revenue | — | 2.1M | 1.5M | 1.3M | 17.6M |
| Gross profit | — | 4M | 3.1M | 1.9M | 4.9M |
| Gross margin | — | 65.3% | 68% | 59% | 21.9% |
| Research & development | 2.7M | 4.5M | 4.4M | 4M | 5.2M |
| Selling, general & administrative | 14.6M | 16.3M | 17.6M | 25.3M | 38.4M |
| Operating expenses | 17.3M | 20.8M | 22M | 29.2M | 43.7M |
| Operating income | -17.3M | -17.7M | -19.7M | -28M | -41M |
| Operating margin | — | -288.9% | -431.8% | -873.9% | -182.2% |
| Non-operating income, net | -400.8K | -1.6M | -9.9M | -6.8M | -11.8M |
| Pretax income | -18.4M | -19.9M | -34.3M | -35.6M | -53M |
| Income tax | — | -181K | 24K | 16K | -10K |
| Net income | -18.4M | -66.3M | -47.1M | -35.6M | -68.5M |
| Net margin | — | -1.1K% | -1K% | -1.1K% | -304.5% |
| EBITDA | -17.6M | -9.5M | -16.1M | -29.3M | -46.9M |
| EPS | -30.7 | -3.4K | -76.4 | -21.9 | -4.24 |
| Diluted EPS | -30.7 | -3.4K | -76.4 | -21.9 | -4.24 |
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 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 4.6M | 220K | 1M | 918K | 1M | 0 | 600K | 2.5M | 18.9M | 27.7M |
| Cost of revenue | 0 | — | — | — | — | — | — | — | 117K | 1.4M | 15.9M | 22.6M |
| Gross profit | 0 | — | — | — | — | — | — | — | 483K | 1.1M | 3M | 5.1M |
| Gross margin | — | — | — | — | — | — | — | — | 80.5% | 43.4% | 16% | 18.6% |
| Research & development | 391K | — | — | — | — | — | — | — | 1.9M | 2M | -409K | 1.2M |
| Selling, general & administrative | 3.1M | — | — | — | — | — | — | — | 5.5M | 13.8M | 10.7M | 14.1M |
| Operating expenses | 3.5M | — | — | — | — | — | — | — | 7.4M | 15.8M | 10.3M | 15.3M |
| Operating income | -3.5M | — | — | — | — | — | — | — | -7M | -14.8M | -9.3M | -10.4M |
| Operating margin | — | — | — | — | — | — | — | — | -1.2K% | -596.2% | -49.2% | -37.5% |
| Non-operating income, net | -875K | — | — | — | — | — | — | — | -13.9M | 1.4M | 3.5M | -21.2M |
| Pretax income | -4.6M | — | — | — | — | — | — | — | -20.8M | -13.4M | -5.9M | -31.7M |
| Income tax | 0 | — | — | — | — | — | — | — | 9K | 1K | -5K | 0 |
| Net income | -4.6M | — | — | — | — | — | — | — | -20.9M | -13.4M | -21.3M | -35M |
| Net margin | — | — | — | — | — | — | — | — | -3.5K% | -541.3% | -112.6% | -126.4% |
| EBITDA | -3.6M | — | — | — | — | — | — | — | -10.6M | -15.5M | -8.7M | -9.6M |
| EPS | -7.7 | -4.5 | — | -125 | -262.5 | -32.5 | — | -3.8 | -2.93 | -0.61 | -0.66 | -1 |
| Diluted EPS | -7.7 | -4.5 | — | -125 | -262.5 | -32.5 | — | -3.8 | -2.93 | -0.61 | -0.66 | -1 |
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 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Market cap | — | — | — | — | — | 35.4M |
| Enterprise value | — | — | — | — | — | 40.7M |
| Shares outstanding | 601.2K | 23.3K | 601.2K | 1.7M | 16.3M | 16.3M |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | 0.01 |
| P/S | — | — | — | — | — | 0.75 |
| P/B | — | — | — | — | — | -2.38 |
| EV/EBITDA | — | — | — | — | — | -0.96 |
| EV/Sales | — | — | — | — | — | 0.81 |
| Earnings yield | — | — | — | — | — | 13.7K% |
| FCF yield | — | — | — | — | — | 87.3% |
| PEG | — | — | — | — | — | -0 |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Gross margin | — | 65.3% | 68% | 59% | 21.9% | 18.6% |
| Operating margin | — | -288.9% | -431.8% | -873.9% | -182.2% | -37.5% |
| Net margin | — | -1.1K% | -1K% | -1.1K% | -304.5% | -181.6% |
| ROE | 216.7% | -206.5% | -700% | -541.6% | -225% | -227.3% |
| ROA | -376.5% | -115% | -198.2% | -146.6% | -84.3% | -51.2% |
| ROIC | — | -49.1% | -206.2% | -505% | -163.2% | 257.8% |
| Return on tangible assets | -429.5% | -131% | -251.3% | 983.2% | -173.5% | -244.7% |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Current ratio | 0.45 | 1.21 | 1.21 | 0.49 | 1.09 | 0.55 |
| Quick ratio | 0.45 | 1.13 | 1.07 | 0.37 | 0.77 | 0.34 |
| Debt / equity | -0.52 | 0.41 | 1.35 | 0.47 | 0.37 | -0.01 |
| Debt / assets | 0.91 | 0.23 | 0.38 | 0.13 | 0.14 | 0.16 |
| Net debt / EBITDA | -0.01 | -0.4 | -0.18 | 0.04 | 0.11 | 0.06 |
| Interest coverage | -25.7 | -32.1 | -6.26 | -30.1 | -195.5 | -346.4 |
| Effective tax rate | — | 0% | 0% | 0% | 0% | 0% |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Revenue per share | 0 | 262 | 7.59 | 1.9 | 1.38 | 2.06 |
| EPS (basic) | -30.7 | -3.4K | -76.4 | -21.9 | -4.24 | -4.24 |
| EPS (diluted) | -30.7 | -3.4K | -76.4 | -21.9 | -4.24 | -1.03 |
| Book value per share | -14.2 | 1.4K | 11.2 | 3.9 | 1.86 | -0.69 |
| FCF per share | -7.41 | -1.5K | -49.2 | -13.3 | -2.25 | -0.91 |
| Cash per share | 7.18 | 398.1 | 10.4 | 2.44 | 1.02 | 0.52 |
| Capex per share | 0.06 | 10.5 | 0.29 | 0.04 | — | — |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Capex / revenue | — | 4.01% | 3.77% | 2.12% | — | — |
| Capex / operating cash flow | -0.74% | -0.41% | -0.46% | -0.17% | — | — |
| Payout ratio | — | 0% | -21.2% | — | — | 0% |
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Revenue | $0 | $0 | $4.6M | $220K | $1M | $918K | $1M | $0 | $600K | $2.5M | $18.9M | $27.7M |
| YoY change | 0% | — | — | +InfinityT% | +InfinityT% | +InfinityT% | -77.4% | -100% | -41.8% | +170.6% | +1.7K% | +InfinityT% |
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 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash & short-term investments | 4.3M | 9.3M | 6.3M | 4.1M | 16.7M |
| Receivables | — | 1.2M | 568K | 706K | 12.1M |
| Inventory | — | 2M | 2.4M | 2.2M | 15.4M |
| Total current assets | 4.6M | 29.9M | 20.5M | 8.6M | 51.8M |
| Property, plant & equipment | 31.6K | -563K | -215K | -26K | 211K |
| Goodwill & intangibles | 603.9K | 7M | 5M | 27.9M | 41.8M |
| Total assets | 4.9M | 57.6M | 23.8M | 24.3M | 81.2M |
| Accounts payable | 454.2K | 720K | 2.4M | 5.5M | 5.2M |
| Short-term debt | 1.1M | 12.8M | 8.9M | 2.8M | 8.5M |
| Total current liabilities | 10M | 24.7M | 16.9M | 17.4M | 47.6M |
| Long-term debt | 3.4M | 334K | 141K | 296K | 2.9M |
| Total liabilities | 13.4M | 25.5M | 17M | 17.7M | 50.8M |
| Shareholders' equity | -8.5M | 32.1M | 6.7M | 6.6M | 30.4M |
| Total debt | 4.4M | 13.1M | 9.1M | 3.1M | 11.4M |
| Net debt | 120.7K | 3.8M | 2.8M | -1M | -5.3M |
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 | Q1 23 | Q2 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 372.9K | 36.9K | 6.3M | 1.8M | 5.8M | 511K | 4.1M | 8M | 20M | 32.2M | 16.7M | 15.2M |
| Receivables | — | — | 568K | 797K | 462K | 610K | 706K | 573K | 338K | 2.1M | 12.1M | 9.1M |
| Inventory | — | — | 2.4M | 2.9M | 2.8M | 2.7M | 2.2M | 2.3M | 2.5M | 1.4M | 15.4M | 19.4M |
| Total current assets | 523.5K | 61.4K | 20.5M | 11.5M | 15.2M | 10.1M | 8.6M | 12.5M | 24.2M | 36.7M | 51.8M | 50.3M |
| Property, plant & equipment | 17K | 14.3K | -215K | 222K | 129K | 757K | -26K | 512K | 521K | 485K | 211K | 2.1M |
| Goodwill & intangibles | 545.6K | 532.3K | 5M | 34.8M | 34.3M | 35M | 27.9M | 27.5M | 20.7M | 20.7M | 41.8M | 41.3M |
| Total assets | 813.2K | 341.9K | 23.8M | 30.8M | 34M | 29.3M | 24.3M | 27.1M | 35.4M | 47.9M | 81.2M | 78.3M |
| Accounts payable | 1.7M | 1.9M | 2.4M | 6.9M | 7.1M | 7.6M | 5.5M | 3.9M | 2.7M | 2.6M | 5.2M | 3.4M |
| Short-term debt | 2M | 2.2M | 8.9M | 1.1M | 2.7M | 2.8M | 2.8M | 91K | 95K | 98K | 8.5M | 11.7M |
| Total current liabilities | 13.1M | 13.7M | 16.9M | 16.6M | 23M | 22M | 17.4M | 12.5M | 21.8M | 35.6M | 47.6M | 91M |
| Long-term debt | 4.1M | 4.1M | 141K | 469K | 424K | 381K | 296K | 271K | 246K | 155K | 2.9M | 1M |
| Total liabilities | 17.2M | 17.8M | 17M | 17.1M | 23.5M | 22.4M | 17.7M | 12.8M | 22.1M | 35.7M | 50.8M | 92M |
| Shareholders' equity | -16.4M | -17.4M | 6.7M | 13.7M | 10.6M | 6.9M | 6.6M | 14.3M | 13.4M | 12.2M | 30.4M | -13.6M |
| Total debt | 6.2M | 6.3M | 9.1M | 1.6M | 3.2M | 3.2M | 3.1M | 362K | 341K | 253K | 11.4M | 12.7M |
| Net debt | 5.8M | 6.3M | 2.8M | -235K | -2.6M | 2.7M | -1M | -7.6M | -19.7M | -31.9M | -5.3M | -2.5M |
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 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Net income | -18.4M | -66.3M | -47.1M | -35.6M | -68.5M |
| Depreciation & amortization | 30K | 8.2M | 3M | 972K | 649K |
| Stock-based compensation | 12.5M | 3.7M | 1M | 4.1M | 12M |
| Change in working capital | 427.7K | -2.4M | -559K | 311K | -2.2M |
| Operating cash flow | -4.8M | -60.1M | -37.4M | -39.7M | -36.6M |
| Capital expenditure | -35.3K | -245K | -172K | -68K | — |
| Investing cash flow | -35.3K | 37.3M | -5.7M | 2.9M | -18.5M |
| Dividends paid | — | 0 | -10M | — | — |
| Share repurchases | — | -102.4M | 0 | -795K | -1.4M |
| Financing cash flow | 8.6M | -34.6M | 16.3M | 23.6M | 7.1M |
| Net change in cash | 3.8M | -57.3M | -26.8M | -13.2M | -48.1M |
| Free cash flow | -4.5M | -35.2M | -29.6M | -22.4M | -36.8M |
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 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -4.6M | -2.7M | -38.2M | -2.6M | -14.7M | -4.4M | -13.9M | -12.9M | -20.9M | -13.4M | -21.3M | -35M |
| Depreciation & amortization | 8K | 10K | 2.9M | 66K | 308K | 315K | 283K | 176K | 120K | 113K | 240K | 509K |
| Stock-based compensation | 2.5M | 164K | -1.8M | 5.8M | -59K | -1.9M | 277K | 455K | 722K | 6.3M | 4.5M | 4.8M |
| Change in working capital | 346K | 446K | -2.5M | 1.9M | 58K | 485K | -2.2M | -144K | -610K | -938K | -465K | -2.1M |
| Operating cash flow | -1.5M | -1.9M | -36.5M | -876K | -1.2M | 1.3M | -32M | -11.8M | -6.7M | -8.4M | -6.3M | -10.5M |
| Capital expenditure | 0 | -3K | -169K | -7K | -11K | -36K | -14K | -45K | — | — | — | — |
| Investing cash flow | 0 | -3K | -169K | 3M | -11K | -36K | -14K | -45K | 0 | 0 | -16.5M | -694K |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | -1.4M | 0 | 0 | 0 | 0 |
| Financing cash flow | 780K | 1.6M | 25.9M | 1.4M | 9.2M | 705K | 13.1M | -5.2M | 0 | -130K | 12.4M | 73K |
| Net change in cash | -706K | -314K | -10.7M | 3.5M | 7.9M | 2M | -18.9M | -17.1M | -6.7M | -8.5M | -10.4M | -11.1M |
| Free cash flow | -1.1M | -1.4M | -26.6M | -2.6M | -5.7M | -6.2M | -8M | -15.3M | -6.8M | -8.4M | -6.3M | -10.6M |