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 | -$0.19 | -$0.21 | -10.5% | — | $0 | — |
| Q1 26 | -$0.18 | -$0.22 | -22.2% | — | $0 | — |
| Q4 25 | -$0.15 | -$0.49 | -226.7% | — | $0 | — |
| Q3 25 | -$0.18 | -$0.21 | -16.7% | — | $0 | — |
| Q2 25 | -$0.18 | -$0.17 | +5.6% | — | $0 | — |
| Q1 25 | -$0.16 | -$0.19 | -18.8% | — | $0 | — |
| Q4 24 | -$0.16 | -$0.08 | +50.0% | — | $0 | — |
| Q3 24 | -$0.13 | -$0.26 | -100.0% | — | $0 | — |
| Q2 24 | -$0.15 | -$0.17 | -13.3% | — | $0 | — |
| Q1 24 | -$0.24 | -$0.02 | +91.7% | — | $0 | — |
| Q4 23 | -$0.23 | -$0.19 | +17.4% | — | $0 | — |
| Q3 23 | -$0.23 | -$0.18 | +21.7% | — | $0 | — |
| Q2 23 | -$0.25 | -$1.31 | -424.0% | — | $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 | — | -$1.06 | — | — | $0 | — |
| FY24 | — | -$0.6 | — | — | $0 | — |
| FY23 | — | -$2.09 | — | — | $0 | — |
| FY22 | — | -$12.2 | — | — | $0 | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 |
| YoY change | — | 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 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — |
| Gross profit | — | — | — | — |
| Gross margin | — | — | — | — |
| Research & development | 23.7M | 44M | 24.4M | 42.1M |
| Selling, general & administrative | 3.5M | 18.6M | 30.8M | 33.2M |
| Operating expenses | 27.2M | 62.6M | 55.2M | 75.2M |
| Operating income | -27.2M | -62.6M | -55.2M | -75.2M |
| Operating margin | — | — | — | — |
| Non-operating income, net | -179K | -111K | -5.2M | 260K |
| Pretax income | -27.3M | -60.6M | -52.4M | -68.7M |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -27.3M | -60.6M | -52.4M | -68.7M |
| Net margin | — | — | — | — |
| EBITDA | -27.2M | -64.8M | -49.9M | -75.2M |
| EPS | -12.2 | -2.09 | -0.6 | -1.06 |
| Diluted EPS | -12.2 | -2.09 | -0.6 | -1.06 |
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 | 4M | 6.9M | 3.6M | 5.5M | 6M | 9.2M | 10.5M | 8.7M | 11.9M | 11M | 14.7M | 20.7M |
| Selling, general & administrative | 6.2M | 3.9M | 4.8M | 6.2M | 13.3M | 6.5M | 8.8M | 9.4M | 7.6M | 7.5M | 10.8M | 8.6M |
| Operating expenses | 10.2M | 10.8M | 8.4M | 11.8M | 19.3M | 15.7M | 19.3M | 18.1M | 19.5M | 18.4M | 25.5M | 29.3M |
| Operating income | -10.2M | -10.8M | -8.4M | -11.8M | -19.3M | -15.7M | -19.3M | -18.1M | -19.5M | -18.4M | -25.5M | -29.3M |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | 1.1M | 984K | -583K | -766K | -3.8M | -19K | -5K | 352K | -47K | -40K | -43K | 1M |
| Pretax income | -8.3M | -8.5M | -7.7M | -10.3M | -20.7M | -13.6M | -17.4M | -16M | -18M | -17.2M | -24.2M | -26.4M |
| Income tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -81K |
| Net income | -8.3M | -8.5M | -7.7M | -10.3M | -20.7M | -13.6M | -17.4M | -16M | -18M | -17.2M | -24.2M | -26.3M |
| Net margin | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA | -11.3M | -11.8M | -7.8M | -11M | -15.4M | -15.7M | -19.2M | -18.1M | -19.5M | -18.4M | -25.5M | -29.3M |
| EPS | -0.18 | — | -0.02 | -0.17 | -0.26 | — | -0.19 | -0.17 | -0.21 | — | -0.22 | -0.21 |
| Diluted EPS | -0.18 | — | -0.02 | -0.17 | -0.26 | — | -0.19 | -0.17 | -0.21 | — | -0.22 | -0.21 |
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 | — | — | — | — | — | 392.9M |
| Enterprise value | — | — | — | — | — | 182M |
| Shares outstanding | — | 2.1M | 33.1M | 75.1M | 94.2M | 94.2M |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | 7.95 |
| P/B | — | — | — | — | — | 1.96 |
| EV/EBITDA | — | — | — | — | — | -1.96 |
| Earnings yield | — | — | — | — | — | 12.6% |
| FCF yield | — | — | — | — | — | -12.4% |
| PEG | — | — | — | — | — | 0.34 |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | 0% |
| Net margin | — | — | — | — | — | 0% |
| ROE | — | 123.9% | -76.1% | -32.7% | -67.6% | -51% |
| ROA | — | -519.4% | -60.1% | -29.2% | -60.2% | -31.2% |
| ROIC | — | 171.2% | 309.2% | 334.9% | 956.2% | 1.2K% |
| Return on tangible assets | — | -519.4% | -60.1% | -29.2% | -60.2% | -40.2% |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Current ratio | — | 0.12 | 4.97 | 9.16 | 9.05 | 12.9 |
| Quick ratio | — | 0.12 | 4.97 | 9.16 | 9.05 | 12.9 |
| Debt / equity | — | -0.35 | — | — | — | 0 |
| Debt / assets | — | 1.47 | — | — | — | — |
| Net debt / EBITDA | — | -0.23 | — | — | — | 2.21 |
| Effective tax rate | — | 0% | 0% | 0% | 0% | 0% |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Revenue per share | — | 0 | 0 | 0 | 0 | 0 |
| EPS (basic) | — | -12.2 | -2.09 | -0.6 | -1.06 | -1.06 |
| EPS (diluted) | — | -12.2 | -2.09 | -0.6 | -1.06 | -1.12 |
| Book value per share | — | -10.4 | 2.41 | 2.13 | 1.08 | 2.06 |
| FCF per share | — | -6.25 | -0.7 | -0.44 | -0.69 | -0.61 |
| Cash per share | — | 0.74 | 3.02 | 2.35 | 1.16 | 2.14 |
| Capex per share | — | — | — | 0 | — | — |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|
| Capex / operating cash flow | — | — | — | -0.21% | — | — |
| Payout ratio | — | — | — | — | — | 0% |
| 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% |
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 | 729.2K | 1.6M | 99.8M | 176.5M | 109.4M |
| Receivables | — | — | — | — | — |
| Inventory | — | — | — | — | — |
| Total current assets | 1.2M | 1.8M | 100.8M | 178.7M | 112.3M |
| Property, plant & equipment | — | — | — | — | — |
| Goodwill & intangibles | — | — | — | — | — |
| Total assets | 140.6M | 5.3M | 100.8M | 179.5M | 113.9M |
| Accounts payable | 69.9K | 2M | 2.7M | 733K | 1.3M |
| Short-term debt | — | 7.8M | — | — | — |
| Total current liabilities | 272.3K | 14.8M | 20.3M | 19.5M | 12.4M |
| Long-term debt | — | — | — | — | — |
| Total liabilities | 10.4M | 27.3M | 21.3M | 19.5M | 12.4M |
| Shareholders' equity | 130.2M | -22.1M | 79.6M | 160M | 101.5M |
| Total debt | — | 7.8M | — | — | — |
| Net debt | — | 6.2M | — | — | — |
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 | 103.9M | 99.8M | 89.8M | 188.4M | 188.2M | 176.5M | 170.6M | 154.5M | 139M | 109.4M | 225.6M | 205.1M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 104.6M | 100.8M | 90.5M | 189.5M | 189M | 178.7M | 171.7M | 157M | 142.3M | 112.3M | 227M | 210.5M |
| Property, plant & equipment | — | — | — | — | — | — | — | — | — | — | — | — |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 104.6M | 100.8M | 90.5M | 189.5M | 189.1M | 179.5M | 172.5M | 157.8M | 143.9M | 113.9M | 228.6M | 213.4M |
| Accounts payable | 1.6M | 2.7M | 1.5M | 990K | 1M | 733K | 1.2M | 1.2M | 3.3M | 1.3M | 2.1M | 3.3M |
| Short-term debt | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | 17M | 20.3M | 14.7M | 15.1M | 18.2M | 19.5M | 21.1M | 18.7M | 25.5M | 12.4M | 11.7M | 16.3M |
| Long-term debt | — | — | — | — | — | — | — | — | — | — | — | — |
| Total liabilities | 19M | 21.3M | 16.3M | 17.4M | 18.2M | 19.5M | 21.1M | 18.7M | 25.5M | 12.4M | 11.7M | 16.3M |
| Shareholders' equity | 85.6M | 79.6M | 74.2M | 172.1M | 170.8M | 160M | 151.4M | 139.1M | 118.4M | 101.5M | 216.9M | 197.1M |
| Total debt | — | — | — | — | — | — | — | — | — | — | — | — |
| Net debt | — | — | — | — | — | — | — | — | — | — | — | — |
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 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Net income | -27.3M | -60.6M | -52.4M | -68.7M |
| Depreciation & amortization | — | — | 9K | 49K |
| Stock-based compensation | 334K | 9.7M | 16.8M | 12.3M |
| Change in working capital | 288.3K | — | -698K | -814K |
| Operating cash flow | -4.5M | -19.4M | -36.3M | -64.8M |
| Capital expenditure | — | — | -75K | — |
| Investing cash flow | — | — | -75K | — |
| Dividends paid | — | — | — | — |
| Share repurchases | — | — | — | — |
| Financing cash flow | 14.8M | 95.2M | 59.8M | -2.3M |
| Net change in cash | 10.3M | 75.8M | 23.4M | -67.1M |
| Free cash flow | -13.2M | -23.1M | -33.2M | -64.9M |
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 | 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 | -8.3M | -8.5M | -7.7M | -10.3M | -20.7M | -13.6M | -17.4M | -16M | -18M | -17.2M | -24.2M | -26.3M |
| Depreciation & amortization | 0 | — | — | 1K | 3K | 5K | 9K | 11K | 14K | 15K | 16K | 16K |
| Stock-based compensation | 2.6M | 2.4M | 2.4M | 2.9M | 8.6M | 2.8M | 3.6M | 3.7M | 2.4M | 2.6M | 5M | 4.5M |
| Change in working capital | — | — | — | — | — | — | — | — | -814K | 0 | — | — |
| Operating cash flow | -5.7M | -6.1M | -5.3M | -7.4M | -12.1M | -10.8M | -13.8M | -16M | -15.4M | -22.3M | -18.9M | -20.9M |
| Capital expenditure | 0 | — | -7K | -10K | -13K | -45K | -49K | — | — | — | — | — |
| Investing cash flow | 0 | — | -7K | -10K | -13K | -45K | -49K | — | — | — | — | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | -4.1M | 0 | 0 | 55.2M | 5.5M | -854K | 5.1M | 0 | 0 | 3K | 123.9M | -112.7M |
| Net change in cash | -9.8M | -6.1M | -5.3M | 47.8M | -6.5M | -11.7M | -8.7M | -16M | -15.4M | -22.3M | 105M | -133.6M |
| Free cash flow | -4.8M | -4.1M | -10M | -6.6M | -5.7M | -10.9M | -11.1M | -16M | -15.5M | -22.3M | -18.9M | -20.9M |